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ULTIMATE INDOOR FOOTBALL LEAGUE, INC. (Formerly Known as Assured Equities V Corporation A Development Stage Company) STATEMENT OF CASH FLOWS FOR THE PERIOD FROM AUGUST 10, 2009 (INCEPTION) THROUGH AUGUST 31, 2011 AND FOR THE TWELVE MONTHS PERIOD ENDED AUGUST 31, 2011 AND 2010 (USD $)	12 Months Ended		25 Months Ended
	Aug. 31, 2011	Aug. 31, 2010	Aug. 31, 2011
Net Cash Provided by (Used In) Operating Activities
Net Income (Loss)	$ (5,150)	$ (5,150)	$ (10,300)
Increase Decrease Receivable	(100)	0	(100)
Net Cash Provided by (Used In) Operating Activities	(5,250)	(5,150)	(10,400)
Net Cash Provided by (Used In) Financing Activities
Cash proceeds from issuing Common Stock to Incorporator	0	0	100
Expenses Paid by Related Party	5,150	5,150	10,300
Net Cash Provided by (Used In) Financing Activities	5,150	5,150	10,400
Net Increase (Decrease) In Cash	(100)	0	0
Cash and Cash Equivalents Beginning Balance	100	100	0
Cash and Cash Equivalents Ending Balance	$ 100	$ 100	$ 100

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- Definition

The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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- Definition

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 insignificant 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 equivalents may be reported as cash equivalents, while legally restricted equivalents held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular equivalents are not generally reported as part of unrestricted cash equivalents.

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-Section S99

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-Name Regulation S-X (SX)

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- Definition

The increase (decrease) in cash, excluding cash equivalents, for an entity that has cash equivalents, but does not aggregate cash equivalents with cash on the balance sheet. For example, an entity that aggregates cash equivalents with investments discloses the balance of cash excluding cash equivalents on the balance sheet and the change in cash excluding cash equivalents on the statement of cash flows. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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- Definition

The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.

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The net cash inflow or outflow from financing activity for the period.

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- Definition

The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-Publisher AICPA

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-Section 03

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