v2.4.0.6

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		25 Months Ended
Statements of Operations (Unaudited) (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Statements of Operations [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0	$ 0
Operating expenses:
General and administrative	56,808	40,159	155,354	115,643	420,680
Consulting fees	0	12,500	0	42,500	307,500
Professional fees	4,156	2,700	38,806	8,450	111,596
Research and development	36,514	19,907	119,603	82,915	266,727
Total operating expenses	97,478	75,266	313,763	249,508	1,106,503
Net income (loss) from operations	(97,478)	(75,266)	(313,763)	(249,508)	(1,106,503)
Other income (expense):
Interest expense	(3,541)	0	(7,211)	0	(17,179)
Total other income (expense)	(3,541)	0	(7,211)	0	(17,179)
Net income (loss)	$ (101,019)	$ (75,266)	$ (320,974)	$ (249,508)	$ (1,123,682)
Weighted average number of common shares outstanding, basic and fully diluted (in shares)	32,485,000	29,710,000	31,332,253	29,710,000
Net loss per weighted share basic and fully diluted (in dollars per share)	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)

A fee charged for services from consultants.

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The weighted average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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GreenCell, Inc 10-Q