Florida
|
20-3217152
|
(State
or other jurisdiction of incorporation or organization)
|
(IRS
Employer Identification No.)
|
PART
1. FINANCIAL INFORMATION
|
3
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ITEM 1.
FINANCIAL STATEMENTS
|
3
|
Balance
Sheets as of March 31, 2007 (unaudited) and June 30, 2006
(audited)
|
3
|
Statements
of Operations for the three months ended March 31, 2007 and 2006,
and the
nine months ended March 31, 2007 and the period from July 22, 2005
(inception) through March 31, 2006, and cumulative from July 22,
2005
(inception) through
March 31, 2007
|
4
|
Statement
of Changes in Stockholders' Equity for the period from July 22, 2005
(inception) through
March 31, 2007 (unaudited)
|
5
|
Statements
of Cash Flows for the nine months ended March 31, 2007, the period
from
July 22, 2005 (inception) through March 31, 2006, and cumulative
from July
22, 2005 (inception) through
March 31, 2007 (unaudited)
|
6
|
Notes
to Financial Statements (unaudited)
|
7
|
ITEM
2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION
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10
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Overview
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10
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Results
of operations
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11
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Liquidity
and capital resources
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11
|
|
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ITEM
3. CONTROLS AND PROCEDURES
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12
|
|
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PART
II - OTHER INFORMATION
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13
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Item
1. Legal proceedings
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13
|
Item
2. Unregistered sales of equity securities and use of proceeds
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13
|
Item
3. Defaults upon senior securities
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13
|
Item
4. Submission of matters to a vote of security holders
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13
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Item
5. Other information.
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13
|
Item
6. Exhibits
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13
|
|
March
31,
|
June
30,
|
|||||
2007
|
2006
|
||||||
|
(Unaudited)
|
(Audited
|
)
|
||||
ASSETS
|
|||||||
Cash
|
$
|
3,462
|
$
|
53,515
|
|||
Inventories
|
60,789
|
-
|
|||||
Deposit
on inventories
|
-
|
60,789
|
|||||
Other
|
10,786
|
7,955
|
|||||
Total
current assets
|
75,037
|
122,259
|
|||||
Trademark
|
325
|
-
|
|||||
Security
deposit
|
200
|
200
|
|||||
Total
assets
|
$
|
75,562
|
$
|
122,459
|
|||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
|||||||
CURRENT
LIABILITES
|
|||||||
Accounts
payable and accrued expenses
|
$
|
24,755
|
$
|
10,000
|
|||
Due
to officer
|
14,177
|
-
|
|||||
Due
to shareholders
|
31,350
|
-
|
|||||
Total
current liabilities
|
70,282
|
10,000
|
|||||
STOCKHOLDERS'
EQUITY
|
|||||||
Common
stock
|
2,061
|
-
|
|||||
Additional
paid in capital
|
174,759
|
-
|
|||||
Common
stock to be issued
|
-
|
176,820
|
|||||
Deficit
accumulated during the development stage
|
(171,540
|
)
|
(64,361
|
)
|
|||
Total
stockholders' equity
|
5,280
|
112,459
|
|||||
Total
liabilities and stockholders' equity
|
$
|
75,562
|
$
|
122,459
|
July
22, 2005
|
July
22, 2005
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|||||||||||||||
Three
months
|
Three
months
|
Nine
months
|
(inception)
|
(inception)
|
||||||||||||
ended
|
ended
|
ended
|
through
|
through
|
||||||||||||
March
31,
|
March
31,
|
March
31,
|
March
31,
|
March
31,
|
||||||||||||
2007
|
2006
|
2007
|
2006
|
2007
|
||||||||||||
REVENUES
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||
EXPENSES
|
||||||||||||||||
General
and administrative expenses
|
49,192
|
4,254
|
107,179
|
62,364
|
171,540
|
|||||||||||
Loss
before provision for income taxes
|
(49,192
|
)
|
(4,254
|
)
|
(107,179
|
)
|
(62,364
|
)
|
(171,540
|
)
|
||||||
Provision
for income taxes
|
-
|
-
|
-
|
-
|
-
|
|||||||||||
Net
Loss
|
$
|
(49,192
|
)
|
$
|
(4,254
|
)
|
$
|
(107,179
|
)
|
$
|
(62,364
|
)
|
$
|
(171,540
|
)
|
|
Net
loss per share basic and diluted
|
$
|
0
|
$
|
0
|
$
|
0
|
$
|
0
|
$
|
(.01
|
)
|
|||||
Weighted
average per common share
|
20,611,750
|
20,592,569
|
20,611,750
|
18,731,526
|
19,805,520
|
|||||||||||
Common
stock to be issued
|
Common
stock issued and outstanding
|
Additonal
paid in capital
|
Deficit
Accumulated During the Development Stage
|
Total
Stockholders' Equity
|
||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
|||||||||||||||||||
Balance
July 22, 2005 (inception)
|
-
|
$
|
-
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||
Common
stock to be issued in connection with Incorporation (July 22,
2005)
|
4,000,000
|
10,000
|
-
|
-
|
-
|
-
|
10,000
|
|||||||||||||||
Common
stock to be issued as compensation - consulting services
|
16,150,000
|
40,375
|
-
|
-
|
-
|
-
|
40,375
|
|||||||||||||||
Common
stock issued - private placement, net of issuance costs of
$58,255
|
461,750
|
126,445
|
-
|
-
|
-
|
-
|
126,445
|
|||||||||||||||
Net
loss
|
-
|
-
|
-
|
-
|
-
|
(64,361
|
)
|
(64,361
|
)
|
|||||||||||||
Balance
June 30, 2006
|
20,611,750
|
176,820
|
-
|
-
|
-
|
(64,361
|
)
|
112,459
|
||||||||||||||
Issuance
of shares (unaudited)
|
(20,611,750
|
)
|
(176,820
|
)
|
20,611,750
|
2,061
|
174,759
|
-
|
-
|
|||||||||||||
Net
loss (unaudited)
|
-
|
-
|
-
|
-
|
-
|
(107,179
|
)
|
(107,179
|
)
|
|||||||||||||
Balance
March 31, 2007 (unaudited)
|
-
|
$
|
-
|
20,611,750
|
$
|
2,061
|
$
|
174,759
|
$
|
(171,540
|
)
|
$
|
5,280
|
|||||||||
July
22, 2005
|
July
22, 2005
|
|||||||||
Nine
months
|
(inception)
|
(inception)
|
||||||||
ended
|
through
|
through
|
||||||||
March
31,
|
March
31,
|
March
31,
|
||||||||
2007
|
2006
|
2007
|
||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||
Net
loss
|
$
|
(107,179
|
)
|
$
|
(62,364
|
)
|
$
|
(171,540
|
)
|
|
Adjustments
to reconcile net loss to net cash used in operating
|
||||||||||
activities:
|
||||||||||
Common
stock issued as compensation - consulting services
|
-
|
40,375
|
40,375
|
|||||||
Changes
in operating assets and liabilities
|
||||||||||
(Increase)/Decrease
in:
|
||||||||||
Inventories
|
-
|
(60,789
|
)
|
(60,789
|
)
|
|||||
Other
|
(2,831
|
)
|
(7,955
|
)
|
(10,786
|
)
|
||||
Security
deposits
|
-
|
(200
|
)
|
(200
|
)
|
|||||
Increase/(Decrease)
in:
|
||||||||||
Accounts
payable and accrued expenses
|
14,755
|
-
|
24,755
|
|||||||
Net
cash used in operating activities
|
(95,255
|
)
|
(90,933
|
)
|
(178,185
|
)
|
||||
CASH
FLOWS FROM INVESTING ACTIVITIES:
|
||||||||||
Trademark
|
(325
|
)
|
-
|
(325
|
)
|
|||||
Net
cash used in investing activities
|
(325
|
)
|
-
|
(325
|
)
|
|||||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||
Net
proceeds from private placement
|
-
|
126,445
|
126,445
|
|||||||
Proceeds
from sale of founders shares
|
-
|
10,000
|
10,000
|
|||||||
Proceeds
from loan - officer
|
14,177
|
-
|
14,177
|
|||||||
Proceeds
from notes payable
|
31,350
|
-
|
31,350
|
|||||||
Net
cash provided by financing activities
|
45,527
|
136,445
|
181,972
|
|||||||
NET
(DECREASE)/INCREASE IN CASH
|
(50,053
|
)
|
45,512
|
3,462
|
||||||
CASH,
beginning of period
|
53,515
|
-
|
-
|
|||||||
CASH,
end of period
|
$
|
3,462
|
$
|
45,512
|
$
|
3,462
|
Exhibit
No.
|
Description
of Exhibit
|
3.1
|
Articles
of incorporation (1)
|
3.2
|
Bylaws
(1)
|
3.3
|
Articles
of Amendment to Articles of Incorporation (1)
|
4.1
|
Copy
of common stock certificate (1)
|
31.1
|
Certification
of CEO pursuant to Section 302 of the Sarbanes Oxley Act of
2002
|
31.2
|
Certification
of CFO pursuant to Section 302 of the Sarbanes Oxley Act of
2002
|
32
|
Certification
of CEO and CFO pursuant to Section
906
|