Green Oasis Environmental (GRNO) 8-K Entry into a Material Definitive Agreement

Exhibit 13.1

Green Oasis Environmental Inc.
CONSOLIDATED BALANCE SHEETS
Unaudited
	December 31,
	2009
ASSETS
Current Assets:
Cash	$	29,378
Accounts Receivable		26,800
Total Current Assets		56,178
Other Assets:
Building, Plant Equipment, Furnishings		687,778
Less Depreciation		(54,242	)
Investment in CCP		3,393,515
Total Other Assets		4,027,051
TOTAL ASSETS	$	4,083,229
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable	$	372,629
Total Current Liabilities		372,629
Stockholders' Equity (Deficit):
Preferred Stock Series A par value $5; 10,000,000		5,007,500
shares authorized; 1,000,000 issued and
outstanding on December 31, 2009
Common stock par value $0.001; 2,000,000,000 shares		64,651
authorized; 85,486,342 issued and outstanding on
December 31, 2009
Deficit accumulated during the development stage		(72,151	)
Retained Earnings		(1,289,400	)
Total Stockholders' Equity (Deficit)		3,710,600
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	4,083,229
The accompanying notes are an integral part of these financial statements.

GREEN OASIS ENVIRONMENTAL INC
CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED
	For 12 Months Ended
	December 31,
	2009
Sales	$	917,283
Cost of Goods Sold		-
Gross Profit		917,283
General and Administrative
Expenses		(1,444,063	)
Net Loss	$	(526,780	)
Net Loss Per Share:
Basic and Diluted	$	(0.01	)
Weighted Average Shares Outstanding:
Basic and Diluted		86,062,742
The accompanying notes are an integral part of these financial statements.

GREEN OASIS ENVIRONMENTAL INC
CONSOLIDATED EXPENSE SUMMARY
UNAUDITED
Auto Expense	$	2,668
Bank Service Charges		817
Chemicals		28,984
Depreciation		41,991
Equipment Fuel		187,421
Equipment Lease		209,351
Finance Charges		6,698
Insurance		22,204
License/Permits		685
Materials & Supplies		86,039
Office Supplies		1,239
Postage & Delivery		896
Professional Fees		11,779
Repairs		62,119
Rent (Equipment)		89,484
Royalty Expense		149,994
Sub Contractors		495,429
Storage		12,405
Telephone		305
Transportation		1,157
Travel & Entertainment		16,464
Utilities		15,934
TOTAL	$	1,444,063

GREEN OASIS ENVIRONMENTAL INC
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
UNAUDITED
									Deficit
									Accumulated
	Preferred Stock								during
	Series A				Common Stock				Development
	Shares		Value		Shares		Value		Stage			Total
Beginning Retained Earnings Balance												$	(762,620	)
Beginning Stock Balances
January 1, 2009		-	$	7,500		-	$	64,651	$			$	72,151
Deficit Accumulated during Development Stage										(72,151	)		(72,151	)
Issuance of Stock
for purchase of CCP (December 1, 2009)		1,000,000		5,000,000		-		-		-			5,000,000
Net Loss for period January 1, 2009 to
December 31, 2009		-		-		-		-		-			(526,780	)
Balance as of December 31, 2009		1,000,000	$	5,007,500		-	$	64,651	$	(72,151	)	$	3,710,600
The accompanying notes are an integral part of these financial statements.

GREEN OASIS ENVIRONMENTAL INC
CONSOLIDATED STATEMENTS OF CASH FLOWS
UNAUDITED
	For 12 Months Ended
	December 31,
	2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$	(526,780	)
Adjustments to reconcile net loss to net cash
(used in) operating activities:
Depreciation Expenses		41,991
Changes in  assets and liabilities:
Decrease in Accounts Receivable		15,895
Decrease in Accounts Payable		(441,293	)
Net Cash Used in Operating Activities		(910,187	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in Building, Plant Equipment, Furnishings		(613,855	)
Decrease in Notes Payable - Shareholders		(82,563	)
Increase in Investment in CCP		(3,393,515	)
Net Cash Used by Financing Activities		(4,089,933	)
CASH FLOWS FROM INVESTING ACTIVATES
Issuance of Preferred Stock		5,000,000
Net Cash used in Investing Activates		5,000,000
NET CHANGE IN CASH AND CASH EQUIVALENTS		(120	)
CASH AND CASH EQUIVALENTS:
Beginning of the Period		29,498
End of the Period	$	29,378
The accompanying notes are an integral part of these condensed financial statements.

Green Oasis Environmental

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF BUSINESS

Green Oasis Environmental was incorporated September 27, 1991 in the state of Florida.  From its inception to 1997 it was in the business of selling, installing, and maintaining distillation processing equipment.

The company was moribund from 1997 to 2009 when it was purchased.  The company is now in the business of Oil Reclamation and related product activities.

On December 1, 2009, the company purchased Custom Carbon Processing, Inc. a corporation incorporated under the laws of the State of Wyoming with its office in the City of Edmonton, in the Providence of Alberta.

NOTE 2 - BASIS OF PRESENTATION

The Consolidated Balance Sheet, Consolidated Statements of Operation, Consolidated Expense Summary, Consolidated Statement of Stockholders’ Equity (Deficit), and Consolidated Statement of Cash Flows have been prepared by the Company, without audit.  Certain information and footnote disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted.  In the preparation of the above described financials statements, all adjustments of a normal and recurring nature have been made.  The Company believes that the accompanying unaudited financial statements contain all adjustments necessary to present fairly the results of operations and cash flows for the year ended December 31, 2009.  Further, management b elieves that the disclosures are adequate to make the information presented not misleading.

NOTE 3 – RELATED PARTIES 

On December 1, 2009, the Company entered into an agreement with Custom Carbon Processing, Inc, Peter Margiotta and Frank Pelizzari, where the Company purchased all the outstanding shares of Custom Carbon Processing, Inc. from Peter Margiotta and Frank Pelizzari, personally, in exchange for Custom Carbon Processing becoming a wholly-owned subsidiary of the Company, with no debt owning to the previous owners.

Peter Margiotta and Frank Pelizzari were issued 1,000,000 Preferred Series A stock, par value $5.00, equally split, 500,000 to each party, in exchange for their 200 shares of Custom Carbon Processing, Inc. and any outstanding shareholders’ loans and interests in Custom Carbon Processing, Inc.

Custom Carbon Processing, Inc. continues to operate as a wholly-owned subsidiary of the Company.

NOTE 4 - STOCKHOLDERS’ EQUITY

The company has Series A preferred stock with a $5.00 par value, 9% cumulative, nonvoting, 10,000,000 shares authorized, 1,000,000 shares issued and 1,000,000 shares outstanding as of December 31, 2009.

The Company has Common Stock, $.001 par value, 2,000,000,000 shares authorized, 85,786,342 issued and outstanding as of December 31, 2009.

NOTE 5 - SUBSEQUENT EVENTS

The Company has performed a review of all events that occurred after December 31, 2009.  The Company did not have any subsequent events.

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