v2.4.0.6

Statements of Cash Flows (USD $)	3 Months Ended	271 Months Ended
Statements of Cash Flows (USD $)	Mar. 31, 2012	Mar. 31, 2012
CASH FLOW FROM OPERATION ACTIVITIES
Net Loss	$ (31,452)	$ (4,766,942)
ADJUSTMENT TO RECONCILE CHANGE IN NET ASSETS TO NET CASH FLOWS USED FOR OPERATING ACTIVITIES
Depreciation expense	2,162	57,979
Amortization		10,874
Allowance for deferred tax benefit
Increase in prepaid expenses	2,303	(3,554)
Decrease in accounts payable	9,901	742,515
Rent payable
Decrease in other current liabilities	4,147	196,638
NET CASH USED IN OPERATING ACTIVITIES	(12,939)	(3,762,491)
CASH FLOW FROM INVESTING ACTIVITIES
Office equipment		(21,860)
R&D Equipment		(54,227)
Increase in security and other deposits		(3,915)
Investments
Organization costs		(10,874)
Deferred income tax benefit from accum. losses
NET CASH USED IN INVESTING ACTIVITIES		(90,876)
CASH FLOW FROM FINANCING ACTIVITIES
Loan fron shareholder	(1,100)	144,715
Net borrowings from shareholder loan	15,400	178,533
Stock issued in acquisitions
Stock-based payments		1,389,922
Allowance for deferred tax benefit
Proceeds from issuance of stock		2,141,558
NET CASH PROVIDED BY FINANCING ACTIVITIES	14,300	3,854,728
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,361	1,361
CASH AND CASH EQUIVALENTS, Beginning of period
CASH AND CASH EQUIVALENTS, End of Period	$ 1,361	$ 1,361

The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.

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WiFi Wireless, Inc. 10-Q/A