v2.4.0.6

ONYX SERVICE AND SOLUTIONS, INC. AND SUBSIDIARIES CONSOLDIATED STATEMENT OF CASH FLOWS (USD $)	3 Months Ended
	Oct. 31, 2011	Oct. 31, 2010
CASH FLOW FROM OPERATING ACTIVITIES
Net Loss	$ (1,357,258)	$ (17,830)
Adjustments to reconcile net loss to net cash used for operating activities:
Shares for Services	400,000	0
Loss on Debt Conversion	875,000	0
Depreciation expense	109	423
Changes in Operating Assets & Liabilities
(Increase) Decrease in Accounts Receivable	1,377	(1,281)
Increase in Prepaids	(2,090)	0
Increase (Decrease) in Accounts Payable	(17,406)	1,250
Increase in Accrued Interest	13,995	165
Increase in Rent Payable	523	0
NET CASH USED FOR OPERATING ACTIVITIES	(85,750)	(17,273)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes	105,000	0
Payments on notes	(17,283)	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	87,717	0
NET INCREASE IN CASH	1,967	(17,273)
CASH AT BEGINNING OF PERIOD	5,331	54,793
CASH AT PERIOD END	7,298	37,520
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the quarter for interest	97	0
NONCASH:
Debt Conversion	125,000	0
Share acquisition	$ 2,200,000	$ 0

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Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).

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