v2.4.0.6

STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended		21 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (518,665)	$ (27,897)	$ (1,137,510)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:
Amortization of prepaid stock based consulting	462,328		883,562
Change in operating assets and liabilities:
Prepaid expense		963
Accounts payable	19,763	13,065	96,789
Amount due to related parties	36,574	13,869	132,159
Net cash flows used in operating activities			(25,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of preferred stock			25,000
Net cash flows provided by financing activities			25,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INFORMATION FINANCING ACTIVITIES:
Issuance of preferred stock in exchange for related party debt			9,609
Issuance of common stock for services			$ 1,875,000

The issuance of preferred stock in exchange for related party debt.

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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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TEXSTAR OIL Corp 10-Q