x
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QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF
1934
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o
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TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF
1934
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Nevada
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92-0189305
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(State
or other jurisdiction of
incorporation
or organization)
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(I.R.S.
Employer
Identification
No.)
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Page
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PART
I
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ITEM
1.
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Financial
Statements
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2
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ITEM
2.
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Management's
Discussion and Analysis of Financial Condition and Results of Operations
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11
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ITEM
3.
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Quantitative
and Qualitative Disclosures about Market Risk
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12
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ITEM
4.
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Controls
and Procedures
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12
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PART
II
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ITEM
1.
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Legal
Proceedings
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13
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ITEM 1A.
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Risk
Factors
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13
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ITEM
2.
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Unregistered
Sales of Equity Securities and Use of Proceeds
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13
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ITEM
3.
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Quantitative
and Qualitative Disclosures about Market Risk
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13
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ITEM
4.
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Submission
of Matters to a Vote of Security Holders
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13
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ITEM
5.
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Other
Information
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13
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ITEM
6.
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Exhibits
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13
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·
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dependence
on key personnel;
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·
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competitive
factors;
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·
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degree
of success of research and development
programs
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·
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the
operation of our business; and
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·
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general
economic conditions in the United States and
Israel.
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September 30,
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December 31,
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||||||
2008
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2007
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||||||
(Unaudited)
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(Audited)
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||||||
ASSETS
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|||||||
Current
Assets:
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|||||||
Cash
in bank
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$
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17,325
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$
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26,440
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Prepaid
expenses
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626
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-
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|||||
Total
current assets
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17,951
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26,440
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|||||
Total
Assets
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$
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17,951
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$
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26,440
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LIABILITIES
AND STOCKHOLDERS' EQUITY
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|||||||
Current
Liabilities:
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|||||||
Accounts
payable
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$
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7,314
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$
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488
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Accrued
liabilities
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3,750
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20,500
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|||||
Due
to shareholder
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250
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250
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|||||
Total
current liabilities
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11,314
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21,238
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Total
liabilities
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11,314
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21,238
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Commitments
and Contingencies
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-
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-
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|||||
Stockholders'
Equity:
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Preferred
stock, par value $0.001 per share, 5,000,000 shares authorized; no
shares
issued and outstanding
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-
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-
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|||||
Common
stock, par value $0.001 per share, 100,000,000 shares authorized;
7,000,000 and 6,000,000 shares issued and outstanding
respectively
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7,000
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6,000
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|||||
Additional
paid-in capital
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48,000
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24,000
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Paid
stock subscription
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-
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1,000
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|||||
(Deficit)
accumulated during development stage
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(48,363
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)
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(25,798
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)
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Total
stockholders' equity
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6,637
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5,202
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Total
Liabilities and Stockholders' Equity
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$
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17,951
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$
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26,440
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Three Months
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Nine Months
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|||||||||
Ended
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Ended
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Cumulative
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September 30,
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September 30,
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From
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||||||||
2008
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2008
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Inception
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Revenues
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$
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-
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$
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-
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$
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-
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Expenses:
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General
and administrative-
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Professional
fees
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7,577
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19,577
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40,077
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Filing
fees
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344
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2,373
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2,373
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Officers'
compensation paid by issued shares
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-
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-
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4,750
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Organization
costs
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-
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-
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488
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|||||||
Bank
charges
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41
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615
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675
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Total
general and administrative expenses
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7,961
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22,565
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48,363
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(Loss)
from Operations
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(7,961
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)
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(22,565
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)
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(48,363
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)
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Other
Income (Expense)
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-
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-
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-
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|||||||
Provision
for income taxes
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-
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-
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-
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Net
(Loss)
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$
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(7,961
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)
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$
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(22,565
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)
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$
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(48,363
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)
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(Loss)
Per Common Share:
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(Loss)
per common share - Basic and Diluted
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$
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(0.00
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)
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$
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(0.00
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)
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Weighted
Average Number of Common Shares
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Outstanding
- Basic and Diluted
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7,000,000
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6,919,708
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Nine Months
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|||||||
Ended
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Cumulative
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September 30,
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From
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||||||
2008
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Inception
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Operating
Activities:
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Net
(loss)
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$
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(22,565
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)
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$
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(48,363
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)
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Adjustments
to reconcile net (loss) to net cash provided by operating
activities:
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Common
stock issued for officers' compensation
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-
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4,750
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Changes
in net assets and liabilities-
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Prepaid
expenses
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(626
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)
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(626
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)
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Accounts
payable
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6,825
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7,313
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Accrued
liabilites
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(16,750
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)
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3,750
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Net
Cash Used in Operating Activities
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(33,116
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)
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(33,176
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)
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Investing
Activities:
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Cash
provided by investing activities
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-
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-
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Net
Cash Provided by Investing Activities
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-
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-
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Financing
Activities:
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Loan
from shareholder
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-
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250
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Issuance
of common stock for cash
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24,000
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50,250
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Net
Cash Provided by Financing Activities
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24,000
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50,500
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Net
(Decrease) Increase in Cash
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(9,116
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)
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17,325
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Cash
- Beginning of Period
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26,440
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-
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Cash
- End of Period
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$
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17,325
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$
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17,325
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Supplemental
Disclosure of Cash Flow Information:
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Cash
paid during the period for:
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Interest
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$
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-
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$
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-
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Income
taxes
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$
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-
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$
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-
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2008
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2007
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Current
Tax Provision:
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Federal-
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Taxable
income
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$
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—
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$
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—
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Total
current tax provision
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$
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—
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$
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—
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Deferred
Tax Provision:
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Federal-
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|||||||
Loss
carryforwards
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$
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5,190
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$
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5,934
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Change
in valuation allowance
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(5,190
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)
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(5,934
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)
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Total
deferred tax provision
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$
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—
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$
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—
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2008
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2007
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|||||
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Loss
carryforwards
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$
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11,123
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$
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5,934
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Less
- Valuation allowance
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(11,123
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)
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(5,934
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)
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Total
net deferred tax assets
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$
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—
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$
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—
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Exhibit
Number
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Exhibit
Description
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3.1
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-
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Certificate
of Incorporation.*
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3.2
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-
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Bylaws.*
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31
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-
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Rule
13a-14(a)/15d-14(a) Certification of Principal Executive and Financial
Officer
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32
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-
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Section
1350 Certification of Principal Executive and Financial
Officer
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By:
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/s/
Nehemya Hesin
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Nehemya
Hesin
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Title:
President, Treasurer and Director
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(Principal Executive Officer, Principal Financing Officer and Principal Accounting Officer)
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