MIME-Version: 1.0 X-Document-Type: Workbook Content-Type: multipart/related; boundary="----=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d" This document is a Single File Web Page, also known as a Web Archive file. If you are seeing this message, your browser or editor doesn't support Web Archive files. Please download a browser that supports Web Archive, such as Microsoft Internet Explorer. ------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Workbook.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"

This page should be opened with Microsoft Excel XP or newer.

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet01.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Document and Entity Information (USD $)
6 Months Ended
Dec. 31, 2012
Document and Entity Information:
Entity Registrant Name WINDAUS GLOBAL ENERGY INC
Document Type 10-Q
Document Period End Date Dec 31, 2012
Amendment Flag false
Entity Central Index Key 0001439133
Current Fiscal Year End Date --06-30
Entity Common Stock, Shares Outstanding 60,000,000
Entity Public Float $ 24,000,000
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status No
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2013
Document Fiscal Period Focus Q2
------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet02.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
WINDAUS GLOBAL ENERGY, INC. STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 55 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Net Loss $ (12,714) $ (10,191) $ (171,864)
Fair value of common stock issued for services 1,200
Fair value of common stock transferred to officer 53,552
Increase in accounts receivable 5,000
Increase in other revceivable-related party (9,650) (102) (13,063)
Increase in accounts payable (2,590) (7) 4,844
Decrease in accounts payable - related party 8,454 10,300 79,331
Net cash used in operating activities (11,500) (46,000)
Proceeds from promissory note 11,500 11,500
Common stock issued for cash proceeds 30,000
Contribution to capital 4,500
Net cash provided by financing activities $ 11,500 $ 46,000
------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet03.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
WINDAUS GLOBAL ENERGY, INC. STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 55 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Revenue $ 9,600 $ 3,000 $ 9,200 $ 14,400
Cost of sales 3,908 1,125 2,934 4,809
Gross profit 5,692 1,875 6,266 9,591
Other income - interest expense (197) (235) (235)
Loss from discontinued operations (LossFromDiscontinuedOperations> (4,915)
Net Loss $ 29,171 $ (3,930) $ (12,714) $ (10,191) $ (171,864)
Basic and diluted earnings per share $ 0 $ 406,133,913
------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet04.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
WINDAUS GLOBAL ENERGY, INC. BALANCE SHEETS (USD $)
Dec. 31, 2012
Jun. 30, 2012
ASSETS
Other receivable -related party $ 13,063 $ 3,413
Total current assets 13,063 8,413
Total Assets 13,063 8,413
Accounts payable 3,119 5,944
Accounts payable - related party 8,454 17,625
Accrued expenses 1,625 1,490
Note payable 11,500
Note payable - related party 20,420
Total current liabilities 45,218 25,059
Common stock 84,452 84,452
Additional paid-in capital 55,157 58,052
Accumulated Deficit (171,864) (159,150)
Total stockholders equity (32,155) (16,646)
TOTAL LIABILITIES AND EQUITY $ 13,063 $ 8,413
------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet05.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Organization, Consolidation and Presentation of Financial Statements
6 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements:
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies

Organization, Nature of Business and Trade Name

 

Windaus Global Energy, Inc.  (the “Company”) was organized on May 28, 2008 under the Business Companies Act of 2004 of the British Virgin Islands under the name Solarte Hotel Corporation. During the six months ended December 31, 2012 and 2011, the Company offered incorporation services in Panama and other offshore jurisdictions.  The Company did not realize significant revenues from its planned principal business purpose and is considered to be in its development state in accordance with Accounting Standards Codification (ASC) 915, “Development Stage Entities.” The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors. The Company had contracted to purchase real estate in Panama on which it intended to develop a hotel.  This business was abandoned and is accounted for as discontinued operations. In December 2011, the Company changed its name from Solarte Hotel Corporation to Bluestar Entertainment Technologies, Inc. In December 2012, the Company acquired certain wind energy generation technology from a related party.  Due to this acquisition, the Company will now shift to the wind energy generation business.  In February 2013, the Company filed Articles of Continuance with the Wyoming Secretary of State to redomicile in Wyoming under the name Windaus Global Energy, Inc.

 

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet06.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Risks and Uncertainties
6 Months Ended
Dec. 31, 2012
Risks and Uncertainties:
Unusual Risks and Uncertainties

NOTE 2 - GOING CONCERN

 

The accompanying condensed financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplate continuation of the Company as a going concern.  However, the Company was only recently formed and has not yet been successful in establishing profitable operations.   The Company has a working capital deficiency of $32,155 and stockholders' deficiency of $32,155 as of December 31, 2012.  The Company has received limited revenues to date and has no foreseeable source of revenues sufficient to offset operating costs. These factors raise substantial doubt about the ability of the Company to continue as a going concern.  As a result, the Company’s independent registered public accounting firm, in its report on the Company’s June 30, 2012 financial statements, has raised substantial doubt about the Company’s ability to continue as a going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of their common stock.  There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations.  The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

 

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet07.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Interim Reporting
6 Months Ended
Dec. 31, 2012
Interim Reporting:
Quarterly Financial Information

Interim Financial Statements - The accompanying financial statements as of and for the periods ended December 31, 2012 and 2011 have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the  financial position, results and operations, and cash flows at December 31,  2012 and 2011 and for all periods presented herein, have been made. The results of operations for the periods ended December 31, 2012 and 2011 are not necessarily indicative of the operating results for the full years. The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

 

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet08.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Accounting Policies
6 Months Ended
Dec. 31, 2012
Accounting Policies:
Significant Accounting Policies

NOTE 3 - RECENTLY ENACTED ACCOUNTING STANDARDS

In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.” This ASU requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. ASU No. 2011-11 will be applied retrospectively and is effective for annual and interim reporting periods beginning on or after January 1, 2013.  The Company does not expect adoption of this standard to have a material impact on its results of operations, financial condition, or liquidity.

In July 2012, the FASB issued ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (ASU 2012-02), allowing entities the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. If the qualitative assessment indicates it is more-likely-than-not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required. Otherwise, no testing is required. ASU 2012-02 is effective for the Company in the period beginning January 1, 2013. The Company does not expect the adoption of this update to have a material effect on the financial statements.

 Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities Exchange Commission (the "SEC") did not or are not believed by management to have a material impact on the Company's present or future  financial statements.

 

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet09.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Debt
6 Months Ended
Dec. 31, 2012
Debt:
Debt Disclosure

NOTE 6 – NOTES PAYABLE

 

On August 29, 2012, the Company issued a promissory note to an unrelated party for cash of $[«11,500.  The note is due on demand and bears interest at 4%. Balance of principal and interest as of December 31, 2012 amounted to $11,500 and $153 respectively.

 

On December 4, 2012, the Company issued a promissory note to a related party of $20,420 for the acquisition of a license or patent rights (see Notes 1 and 4). The note is unsecured, bear an interest of 5% and repayable out of any financing closed by the Company of $250,000 or more, or on September 30, 2013, whichever first occurs.  Balance of principal and interest as of December 31, 2012 amounted to $20,420 and $82 respectively.

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet10.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Equity
6 Months Ended
Dec. 31, 2012
Equity:
Stockholders' Equity Note Disclosure

NOTE 4 - CAPITAL STOCK

 

Common Stock - The Company has authorized an unlimited number of shares of no par value common stock and preferred stock. 

 

               In May 2008, in connection with its organization, the Company issued 15,000,000 shares of their previously authorized but unissued common stock to one person for $10,000 cash. An additional 500,000 shares were issued to one purchaser for $20,000 on June 30, 2008.

 

               On June 12, 2011, our board of directors approved a 5-for-1 forward split of our common shares. As a result of the forward split, total outstanding common shares were increased from 3,100,000 to 15,500,000 shares. Each holder of one common share received an additional certificate for four shares. All references to common shares in the financial statements and accompanying notes to the condensed financial statements have been retroactively restated to reflect the changes in capital structure resulting from the forward split.

 

               On October 25, 2011, the Board of Directors authorized the issuance of 12,000,000 shares of common stock for services, including 3,000,000 shares to our corporate secretary.  The shares were valued at $.0001 per share, or a total of $1,200, based upon estimated market price of the common stock on the date of the issuance. The services included 3,000,000 shares as compensation for acting as such corporate secretary, 3,000,000 shares for web design, and the remainder for marketing assistance.

 

               In October, 2011, the Company issued 532,520,000 shares at $.0001 per share in cancellation of the $53,252 in related party payables outstanding as of June 30, 2011.  The shares issued were valued based upon estimated market price of the common stock on the date of the issuance.

 

               In June 2012, an existing majority shareholder transferred a total 535,520,000 shares of common stock it owns, or approximately 96% of the outstanding shares, to an entity controlled by an officer of the Company.  The transfer was accounted for as compensation to the officer and the 535,520,000 shares were valued at $.0001 per share, or $53,552, based upon estimated market price of the common stock on the date of the transfer.

 

               By resolution dated November 27, 2012, the Board of Directors authorized the issuance of 36,000,000 restricted shares with a nominal value of $100 and a promissory note in the amount of $20,420 for the assignment of one patent and the related intellectual property from a party which was non-affiliated at the time.  In connection with this assignment, the party nominated a new President, Chief Financial Officer and director who is an affiliate of the assignor. The assignment took effect on December 4, 2012. The Company has valued the patent at the predecessor basis in the property exchanged because the assignor gained control of the Company after the acquisition. In connection with the change of control, certain shareholders cancelled 536,020,000 outstanding shares. The cost of license in excess of the historical cost of the shareholder’s basis of $20,520 has been reflected as a cost of license acquired from a related party in the accompanying Condensed Statements of Operations.

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/Sheet11.html Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii"
Related Party Disclosures
6 Months Ended
Dec. 31, 2012
Related Party Disclosures:
Related Party Transactions Disclosure

NOTE 5 - RELATED PARTY TRANSACTIONS

 

Related party payable consists of amounts owing for executive compensation and loans.  The amounts are non-interest bearing and due on demand.

 

As of June 30, 2012, a total of $[17,625 was paid by a related party for the executive's compensation and travel expenses. On December 4, 2012, this payable was cancelled with the consent of the former executive and was recognized as capital contribution from the shareholder during the period ended December 31, 2012.

 

During the period ended December 31, 2012, a shareholder advanced $8,454 to the Company for legal services. This amount is payable on demand and bear no interest.

 

Outstanding balances at December 31, 2012 and June 30, 2012 was $8,454 and $[»17,625 respectively 

------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d Content-Location: file:///C:/4bd037ea_92b6_4098_be23_e60bbb4c8d6d/Worksheets/filelist.xml Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" ------=_NextPart_4bd037ea_92b6_4098_be23_e60bbb4c8d6d--