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EXCEL - IDEA: XBRL DOCUMENT - Cell-nique CorpFinancial_Report.xls
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Exhibit 99.1

Cherrybrook Kitchen
Balance Sheets
Unaudited

      Unaudited
      May 31,     December 31,     December 31,     December 31,
      2011     2010     2009     2008
Assets                        
Current assets                        
     Cash   $ 56,418    $ 11,234    $ 319,253    $ 7,680 
     Accounts receivable     145,480      185,365      278,412      247,099 
     Inventory     67,230      117,204      44,152      86,793 
     Other         4,925      16,013      60,795 
          Total current assets     269,128      318,728      657,830      402,367 
                         
Machinery and equipment, net         101,978      43,274      71,430 
Other                
                         
          Total assets   $ 269,128    $ 420,706    $ 701,104    $ 473,798 
                         
Liabilities and stockholders' equity                        
Current liabilities                        
     Accounts payable and accrued expenses   $ 429,823    $ 218,411    $ 253,204    $ 362,510 
     Band of America     94,605      69,756      83,601      99,806 
     Mellon Bank     469,550      469,550      499,550      499,550 
     Commerce Bank     190,000      91,000         
     Toyota         67,048         
     Accrued Interest                 5,682 
          Total current liabilities     1,183,978      915,765      836,355      967,548 
                         
Long-Term Liabilities                        
     Village Bank                 12,155 
     Republic     1,829,855      1,763,895      1,633,119      643,997 
          Total long term liabilities     1,829,855      1,763,895      1,633,119      656,153 
                         
Stockholders' equity                        
     Membership Interest Paid-in Capital     1,188,835      1,188,835      1,188,835      1,188,835 
     Accumulated deficit     (3,933,540)     (3,447,789)     (2,957,205)     (2,338,738)
          Total stockholders' equity     (2,744,705)     (2,258,954)     (1,768,370)     (1,149,903)
                         
                         
          Total liabilities and stockholders' equity   $ 269,128    $ 420,706    $ 701,104    $ 473,798 

1


Cherrybrook Kitchen
Statements of Operations
Unaudited

    For the period ended   For the years ended
    May 31,   December 31,
    2011   2010   2009
             
Sales, net $ 1,113,713  $ 3,330,309  $ 3,389,607 
             
Cost of sales   717,751    2,049,790    2,108,734 
             
Gross profit   395,962    1,280,519    1,280,873 
             
Expenses            
             
     Selling    337,592    913,971    941,675 
     General and administrative    308,164    666,218    797,692 
     Research and development   -     780    640 
     Depreciation   21,311    23,883    30,782 
             
Total expenses   667,067    1,604,852    1,770,789 
             
             
Loss from operations   (271,105)   (324,333)   (489,916)
             
Interest expense   (64,646)   (167,286)   (132,744)
Interest income   -     1,035    4,193 
Other - Transaction Exp   (150,000)   -     -  
             
Income tax   -     -     -  
             
Net loss $ (485,751) $ (490,584) $ (618,467)

2


Cherrybrook Kitchen
Statement of Stockholders' Deficit
Unaudited

    Membership        
    Interest        
    Paid-in   Accumulated    
    capital   Deficit   Total
             
Balance December 31, 2008 $ 1,188,385  $ (2,338,738) $ (1,149,903)
             
Net loss for the year ended December 31, 2009     (618,467)   (618,467)
Balance December 31, 2009   1,188,385    (2,957,205)   (1,768,370)
             
Net loss for the year ended December 31, 2010     (490,584)   (490,584)
Balance, December 31, 2010   1,188,385    (3,447,789)   (2,258,954)
             
Net loss for the period ended May 31, 2011     (485,751)   (485,751)
Balance, May 31, 2011 $ 1,188,385  $ (3,933,540) $ (2,744,705)

3


Cherrybrook Kitchen
Statements of Cash Flows
Unaudited

    For the period ended   For the years ended
    May 31,   December 31,
    2011   2010   2009
Cash flows from operating activities            
Net loss $ (485,751) $ (490,584) $ (618,467)
             
Adjustments to reconcile net income/(loss) to             
     net cash used in operating activities:            
     Accounts receivable   32,079    93,047    (31,313)
     Inventory   43,978    (72,993)   42,641 
     Accounts payable and accrued expenses   80,137    (23,762)   (86,411)
     Depreciation   21,311    23,883    30,782 
Net cash (used in)/provided by            
     operating activities   (308,246)   (470,409)   (662,768)
             
             
Cash flow from investing activities            
     Silverwood Transaction Fee   150,000     
     Acquisition of machinery and equipment   80,668    (82,588)   (2,626)
Net cash (used in) investing activities   230,668    (82,588)   (2,626)
             
Cash flow from financing activities            
     Village Bank       (12,155)
     Republic Principal       900,000 
     Republic Accured Interest   65,960    130,776    89,122 
     Commerce Bank   99,000    91,000   
     Mellon Bank     (30,000)  
     Toyota   (67,047)   67,047   
     Bank of America   24,849    (13,845)  
Net cash provided by financing activities   122,762    244,978    976,967 
             
Cash and cash equivalents:            
Net (decrease) increase   45,184    (308,019)   311,573 
Balance at beginning of period   11,234    319,253    7,680 
Balance at end of period $ 56,418  $ 11,234  $ 319,253 

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