v2.4.0.6

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		43 Months Ended
STATEMENTS OF OPERATIONS (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
STATEMENTS OF OPERATIONS [Abstract]
Net sales
Cost of Sales
Gross Profit
Expenses:
General & Administrative	2,400	2,350	5,200	3,850	23,025
Legal and Accounting	2,500	4,250	4,000	5,250	39,625
Fees paid to directors					25,000
Consulting, Marketing and Advertising	5,000		10,000	15,000	87,000
Amortization and Impairments				1,834	48,222
Total Expenses	9,900	6,600	19,200	25,934	222,872
Net (loss) before Income Taxes	(9,900)	(6,600)	(19,200)	(25,934)	(222,872)
Provision for Income Taxes
Net (loss)	$ (9,900)	$ (6,600)	$ (19,200)	$ (25,934)	$ (222,872)
Basic and diluted net loss per common share	$ (0.0001)	$ (0.0001)	$ (0.0002)	$ (0.0004)
Weighted average number of common shares outstanding	84,630,861	64,341,850	81,411,520	61,800,994

Amortization and impairments of intangible assets.

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Fees paid to directors.

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

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The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

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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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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.

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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

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The total expense recognized in the period for promotion, public relations, and brand or product advertising.

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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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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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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.

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Rx Technologies Corp. 10-Q