0001551454
2012-06-01
2012-11-30
0001551454
2012-11-30
0001551454
2012-05-31
0001551454
2011-05-31
0001551454
SRKB:CenturyCapitalPartnersMember
2007-10-10
2007-10-16
0001551454
2007-12-05
2007-12-07
0001551454
us-gaap:MinimumMember
2012-05-23
0001551454
us-gaap:MaximumMember
2012-05-23
0001551454
2012-05-23
0001551454
2012-05-20
2012-05-23
0001551454
2012-09-01
2012-11-30
0001551454
2011-09-01
2011-11-30
0001551454
2011-06-01
2011-11-30
0001551454
2013-01-07
0001551454
2011-11-30
0001551454
SRKB:CenturyCapitalPartnersMember
2007-10-16
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
Stark Beneficial, Inc.
0001551454
10-Q
2012-11-30
false
--05-31
No
No
Yes
Smaller Reporting Company
Q2
2013
0
0
0
0
5000
5000
51791
46791
59257
53972
10000
10000
2380
2380
84120
72120
-155757
-138472
-59257
-53972
0
0
20000000
20000000
10000000
20000000
0.001
.001
5000000
5000000
5000000
5000000
300000000
300000000
0.001
.001
0.001
2379935
2379935
2379935
2379935
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>3.     Stockholders’
Equity: </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Reverse Stock Split</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 7, 2007<b> </b>we declared a reverse
split of our common stock.<b> </b>The formula provided that every twenty (20) issued and outstanding shares of common stock of
the Corporation be automatically split into 1 share of common stock. Any resulting share ownership interest of fractional shares
was rounded up to the first whole integer in such a manner that all rounding was done to the next single share and each and every
shareholder would own at least 100 shares. The reverse stock split was effective December 28, 2007 for holders of record as of
that date. Except as otherwise noted, all share, option and warrant numbers (as applicable) have been restated to give retroactive
effect to this reverse split. All per share disclosures retroactively reflect shares outstanding or issuable as though the reverse
split had occurred May 31, 2007.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Common Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are currently authorized to issue up to
300,000,000 shares of $0.001 par value common stock. All issued shares of common stock are entitled to vote on a 1 share/1 vote
basis.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">October 16, 2007, in exchange for approximately
$2,500 of capital investments by Century Capital Partners we issued 2,100,000 shares of restricted $0.001 par value common stock.
Mr. Anthony is the managing member of CCP and has sole voting and dispositive control.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Preferred Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 23, 2012 we filed a Certificate of
Amendment to our Certificate of Incorporation with the State of Delaware to increase the authorized preferred stock from 10,000,000
shares to 20,000,000 shares and to designate 5,000,000 shares as Series B Preferred Stock. Each share of the Series B Preferred
Stock entitles the holder thereof to 10 votes on all matters submitted to a vote of shareholders; is convertible into 10 shares
of common stock; has equal dividend rights with the common stock and has a $1.00 per share liquidation preference. On May 23,
2012 Corporate Services International, Inc. (a company owned and controlled by our CEO) (CCP) contributed $10,000 as paid in capital
to Stark Beneficial in exchange for the 5,000,000 shares of Series B Preferred Stock.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>4. <font style="color: black">    Related
Party Transactions </font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="color: black"><i>Due Related Parties:
</i>Amounts due related parties consist of corporate reinstatement expenses and prior obligations paid or assumed by affiliates
prior to the establishment of a bank account. Such items totaled $21,791 at November 30, 2012. </font>Legal <font style="color: #333333">services
provided to the company by Laura Anthony through Legal & Compliance, LLC (our CEO’s spouse) of which $30,000 </font><font style="color: black">was
unpaid at November 30, 2012. During the six months ended November 30, 2012 services contributed by our CEO totaled $12,000 and
services provided by our related party law firm totaled $5,000.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="color: black"><i>Fair value of
services: </i>The principal stockholder provided, without cost to the Company, his services, valued at $1,800 per month which
totaled $10,800. The principal stockholder also provided, without cost to the Company, office space valued at $200 per month,
which totaled $1,200. The total </font>of these expenses ($12,000 and $6,000 for the six and three months ended November 30, 2012)
<font style="color: black">is reflected in the statement of operations as general and administrative expenses with a corresponding
contribution of paid-in capital.</font></p>
21791
10800
1800
200
every twenty (20) issued and outstanding shares of
common stock of the Corporation be automatically split into 1 share of common
stock.
100
5000000
1200
1 share/1 vote basis
10000
1:10
30000
1.00
2379935
0
0
0
0
17285
11000
6000
12000
17285
11000
6000
12000
-17285
-11000
-6000
-12000
-17285
-11000
-6000
-12000
0
0
0
0
-.01
-.01
2379935
2379935
2379935
2379935
12000
12000
285
0
5000
0
0
0
0
0
0
0
0
0
0
0
0
0
<p style="margin: 0pt"></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>1.     Nature of Operations, Basis
of Presentation and Summary of Significant Accounting Policies:</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Nature of Operations</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective December 31, 2007, Stark Beneficial,
inc. (the “Company” “we” “us” “our”) approved and authorized a plan of quasi reorganization
and restatement of accounts to eliminate the accumulated deficit and related capital accounts on the Company’s balance sheet.
The Company concluded its period of reorganization after reaching a settlement agreement with all of its significant creditors.
The Company, as approved by its Board of Directors, elected to state its May 31, 2008, balance sheet as a “quasi reorganization”,
pursuant to ASC 852. These rules require the revaluation of all assets and liabilities to their current values through a current
charge to earnings and the elimination of any deficit in retained earnings by charging paid-in capital. From June 1, 2008 forward,
the Company has recorded net income (and net losses) to retained earnings and (and net losses) to retained earnings and (accumulated
deficit).</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Our current activities are related to
seeking new business opportunities. We will use our limited personnel and financial resources in connection with such activities.
It may be expected that pursuing a new business opportunity will involve the issuance of restricted shares of common stock.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The interim unaudited Financial Statements
presented herein have been prepared by us in accordance with the accounting policies described in our May 31, 2012 audited financial
statements included in Form 10-K. Certain information and disclosures normally included in the notes to the annual financial statements
have been condensed or omitted from these interim financial statements and therefore, should be read in conjunction with the financial
statements and Notes for the fiscal year ended May 31, 2012. The May 31, 2012 balance sheet is derived from those statements.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of these interim unaudited
financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates
and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent
assets and liabilities. On an on going basis, we evaluate our estimates, including those related intangible assets, income taxes,
insurance obligations, fair value of contributed services and contingencies and litigation. We base our estimates on historical
experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources.
Actual results may differ from these estimates under different assumptions or conditions.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, the information
furnished in these interim financial statements reflect all adjustments necessary for a fair statement of the financial position
and results of operations and cash flows as of and for the three and six month periods ended November 30, 2012 and 2011. All such
adjustments are of a normal recurring nature. The financial statements do not include some information and notes necessary to conform
with annual reporting requirements.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the purposes of the unaudited
statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less
when purchased to be cash equivalents. There were no cash equivalents at November 30, 2012 and May 31, 2011 respectively.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial instruments,
including accounts payable, accrued expenses and related party advances, are carried at historical cost basis. At November 30,
2012, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Net Loss Per Share</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic earnings per share is computed
by dividing income available to common shareholders (the numerator) by the weighted-average number of common shares outstanding
(the denominator) for the period. Diluted earnings per share assume that any dilutive convertible securities outstanding were converted,
with related preferred stock dividend requirements and outstanding common shares adjusted accordingly. It also assumes that outstanding
common shares were increased by shares issuable upon exercise of those stock options for which market price exceeds the exercise
price, less shares which could have been purchased by us with the related proceeds. In periods of losses, diluted loss per share
is computed on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive.
All per share disclosures retroactively reflect shares outstanding or issuable as though the reverse split had occurred May 31,
2007. The Company did not have any anti-dilutive securities outstanding as of November 30, 2012.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>New Accounting Pronouncements</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no new accounting pronouncements
during the three and six month period ended November 30, 2012, that effect the financial position of the Company or the results
of its’ operations. Any Accounting Standard Updates which are not effective until after November 30, 2012, are not expected
to have a significant effect on the Company’s financial position or results of its’ operations.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Emerging Growth Company Critical
Accounting Policy Disclosure</u></i></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #010101">We qualify as an “emerging
growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage
of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting
standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards would
otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The interim unaudited Financial Statements
presented herein have been prepared by us in accordance with the accounting policies described in our May 31, 2012 audited financial
statements included in Form 10-K. Certain information and disclosures normally included in the notes to the annual financial statements
have been condensed or omitted from these interim financial statements and therefore, should be read in conjunction with the financial
statements and Notes for the fiscal year ended May 31, 2012. The May 31, 2012 balance sheet is derived from those statements.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of these interim unaudited
financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates
and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent
assets and liabilities. On an on going basis, we evaluate our estimates, including those related intangible assets, income taxes,
insurance obligations, fair value of contributed services and contingencies and litigation. We base our estimates on historical
experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources.
Actual results may differ from these estimates under different assumptions or conditions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, the information
furnished in these interim financial statements reflect all adjustments necessary for a fair statement of the financial position
and results of operations and cash flows as of and for the three and six month periods ended November 30, 2012 and 2011. All such
adjustments are of a normal recurring nature. The financial statements do not include some information and notes necessary to
conform with annual reporting requirements.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the purposes of the unaudited statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less
when purchased to be cash equivalents. There were no cash equivalents at November 30, 2012 and May 31, 2011 respectively.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial instruments,
including accounts payable, accrued expenses and related party advances, are carried at historical cost basis. At November 30,
2012, the carrying amounts of these instruments approximated their fair values because of the short-term nature of these instruments.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Net Loss Per Share</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic earnings per share is computed by dividing
income available to common shareholders (the numerator) by the weighted-average number of common shares outstanding (the denominator)
for the period. Diluted earnings per share assume that any dilutive convertible securities outstanding were converted, with related
preferred stock dividend requirements and outstanding common shares adjusted accordingly. It also assumes that outstanding common
shares were increased by shares issuable upon exercise of those stock options for which market price exceeds the exercise price,
less shares which could have been purchased by us with the related proceeds. In periods of losses, diluted loss per share is computed
on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive. All
per share disclosures retroactively reflect shares outstanding or issuable as though the reverse split had occurred May 31, 2007.
The Company did not have any anti-dilutive securities outstanding as of November 30, 2012.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>New Accounting Pronouncements</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no new accounting pronouncements
during the three and six month period ended November 30, 2012, that effect the financial position of the Company or the results
of its’ operations. Any Accounting Standard Updates which are not effective until after November 30, 2012, are not expected
to have a significant effect on the Company’s financial position or results of its’ operations.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Emerging Growth Company Critical Accounting
Policy Disclosure</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #010101">We qualify as an “emerging
growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage
of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting
standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards would
otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.</p>
<p style="margin: 0pt"></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>2.     Going
Concern</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying unaudited
financial statements for the six months ended November 30, 2012, the Company had net losses of $17,285. Additionally, at November
30, 2012, the Company had a working capital deficit of $59,257, an accumulated deficit of $155,757 and a stockholders’ deficit
of<b> </b>$59,257. These factors raise substantial doubt about the Company’s ability to continue as a going concern.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Stark Beneficial currently plans to
satisfy its cash requirements for the next 12 months through borrowing from its officer and director or companies affiliated with
its officer and director and believes it can satisfy its cash requirements so long as it is able to obtain financing from these
affiliated entities.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited financial
statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts
and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p>
59257
2500
2100000
12000
5000
2466
2181
12000
6000
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Nature of Operations</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective December 31, 2007, Stark Beneficial,
inc. (the “Company” “we” “us” “our”) approved and authorized a plan of quasi reorganization
and restatement of accounts to eliminate the accumulated deficit and related capital accounts on the Company’s balance sheet.
The Company concluded its period of reorganization after reaching a settlement agreement with all of its significant creditors.
The Company, as approved by its Board of Directors, elected to state its May 31, 2008, balance sheet as a “quasi reorganization”,
pursuant to ASC 852. These rules require the revaluation of all assets and liabilities to their current values through a current
charge to earnings and the elimination of any deficit in retained earnings by charging paid-in capital. From June 1, 2008 forward,
the Company has recorded net income (and net losses) to retained earnings and (and net losses) to retained earnings and (accumulated
deficit).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our current activities are related to seeking
new business opportunities. We will use our limited personnel and financial resources in connection with such activities. It may
be expected that pursuing a new business opportunity will involve the issuance of restricted shares of common stock.</p>