v2.4.0.8

Balance Sheets (USD $)	Jan. 31, 2014	Oct. 31, 2013
Assets
Cash	$ 4,217	$ 82,424
Total current assets	4,217	82,424
Total assets	4,217	82,424
Liabilities and Stockholders' Deficiency
Accounts payable	371,544	372,872
Accrued expenses	70,000	82,500
Accrued compensation	10,000	10,000
Amounts due to stockholders	35,763	49,570
Current portion of long term debt	491,299	491,299
Total current liabilities	978,606	1,006,241
Stockholders' Deficiency
Preferred stock: $0.001 par value, authorized 10,000,000 shares, issued and outstanding nil shares (2013 - nil)
Common stock: $0.001 par value, authorized 500,000,000 shares, issued and outstanding 23,452,445 shares (2013 - 23,452,445)	23,453	23,453
Additional paid-in capital	3,186,940	3,186,940
Accumulated deficit	(1,849,309)	(1,849,309)
Deficit accumulated during development stage	(2,335,473)	(2,284,901)
Total liabilities and stockholders' deficiency	$ 4,217	$ 82,424

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).

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Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Cumulative net losses reported during the development stage.

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Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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ESSENTIAL INNOVATIONS TECHNOLOGY CORP 10-Q