v2.4.0.6

BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 1,172
Total current assets	1,172
TOTAL ASSETS	1,172
CURRENT LIABILITIES:
Accounts payable	1,000
Advances - related party	33,518	23,966
Total current liabilities	34,518	23,966
LONG TERM LIABILITIES:
Accrued interest - related party	429	304
Note payable - related party	12,500	12,500
Total long term liabilities	12,929	12,804
TOTAL LIABILITIES	47,447	36,770
STOCKHOLDERS' DEFICIT:
Preferred stock, $.0001 par value; 10,000,000 shares authorized; 0 issued and outstanding
Common stock, $.0001 par value; 100,000,000 shares authorized;11,718,750 shares issued and outstanding	1,172	1,172
Stock receivable		(1,172)
Deficit accumulated during the development stage	(47,447)	(36,770)
TOTAL STOCKHOLDERS' DEFICIT	(46,275)	(36,770)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,172

Carrying value as of the balance sheet date 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. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

PLASTRON ACQUISITION CORP III 10-Q