v2.3.0.15

Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 2,334	$ 255
Prepaid Expenses		3,000
Total Current Assets	2,334	3,255
TOTAL ASSETS	2,334	3,255
CURRENT LIABILITIES
Accounts payable and accrued expenses	22,046	20,409
Related party payable	4,450	75,427
Total Current Liabilities	26,496	95,836
LONG-TERM LIABILITIES
Convertible note payable
Total Long-Term Liabilities
TOTAL LIABILITIES	26,496	95,836
STOCKHOLDERS' DEFICIT
Common stock; 50,000,000 shares authorized at par value of $0.005, 5,184,410 and 3,208,250 shares issued and outstanding	25,922	16,041
Additional paid-in capital	203,806	63,209
Accumulated deficit from development stage	(253,890)	(171,831)
Total Stockholders' Deficit	(24,162)	(92,581)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 2,334	$ 3,255

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

GLOBAL SMART ENERGY, INC. 10-Q