Exhibit 99.1

U.S. WIRELESS ONLINE, INC.
CONSOLIDATED BALANCE SHEET
Year End December 31, 2011
(Unaudited)

BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–
LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS – NBV		155,200.00
INTANGIBLE ASSETS – NBV		19,998.00
	$	175,198.00

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	11,500.00
Other Payables		396,500.00
Taxes Payable		–
	$	408,000

LONG TERM LIABILITIES -		–
		408,000.00
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 100,000,000
Issued and outstanding - 5,06,5205 @ PV $.001		5,065
Preferred Stock-25,000 @ PV .001
Issued and outstanding - 1,000,000 @ PV $.001		1,000

Additional Paid In Capital		2,049,756

Deficit		(2,288,623.00	)
		(232,802.00	)
	$	(175,198.00	)

U.S. WIRELESS ONLINE, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Year End December 31, 2011
(Unaudited)

CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	(241,527.00	)

Adjustments to cash flows from operating activites:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	(241,527.00	)

Cash flows from investing activities:
Capital expenditures		175,198
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	175,198.00

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		11,500.00
Increase in paid-in-capital		8,725.00
Increase in loans payable		396,500.00
Issuance of capital stock		–

Cash Used For financing activities	$	416,725.00

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

U.S. WIRELESS ONLINE, INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Year End December 31, 2011
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		235,027.00
Selling Expense		6,400.00

		(241,527.00	)

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		(241,527	)

NET PROFIT (LOSS)		0
		-241527
Deficit - Beginning of period		-2047906
Deficit - End of period		-2288623

	Preferred		Stock		Common		Stock & PUC
	Shares		Amount		Shares		Amount		R/E			Total
Openning Bal		1,000,000	$	1,000		1,862,096,640	$	1,861,997	$	(2,047,896.00	)	$	(185,099	)

Issuance of stk						1,857,031,435		192,824					192,824
Capital Paid In								–
								–		–			–
Net Profit/Loss									$	(241,527	)	$	(241,527	)

Bal June 2010		1,000,000	$	1,000		5,065,205		2,054,821	$	–2,288,623		$	(232,802	)

NOTE 1. GENERAL ORGANIZATION AND BUSINESS ISSUES

The company was administratively abandoned and reinstated in March 2010 through a court appointed guardian - custodian.

On May 14, 2010, the company announced that it had completed its merger with Go Green Electronic Recycling, a US based recycling company.

In September 2011, Go Green Electronics, in agreement with U.S. Wireless Online, Inc. rescinded its merger agreement and returned to private company status.

The company is reviewing its current merger candidates.

Signed

Rajesh Babaria, CEO

U.S. WIRELESS ONLINE, INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Year End December 31, 2011

(Unaudited)

US WIRELESS ONLINE INC 8-K