10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.20549

FORM 10-Q

(Mark One)
[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: September 30, 2012
Or
[  ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to _____________
Commission File Number: 333-140276
WHITE DENTAL SUPPLY, INC.
(Exact name of registrant as specified in its charter)
Nevada		20-4622782
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
8965 S. Eastern Ave., Suite 260P, Las Vegas, NV		89123
(Address of principal executive offices)		(Zip Code)
(702) 879-8565
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  

Yes [X]   No [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [   ]   No [X]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.:

Large accelerated filer  [   ]	Accelerated filer                   [   ]
Non-accelerated filer    [   ]  (Do not check if a smaller reporting company)	Smaller reporting company  [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [X]   No [   ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:

Common Stock, $0.001 par value	99,450,000 shares
(Class)	(Outstanding as at November 14, 2012)

WHITE DENTAL SUPPLY, INC.

Table of Contents

	Page
PART I - FINANCIAL INFORMATION	3
Unaudited Financial Statements	3
Condensed Balance Sheets	4
Condensed Statements of Operations	5
Condensed Statements of Cash Flows	6
Notes to Condensed Financial Statements	7
Management's Discussion and Analysis of Financial Condition and Results of Operation	10
Controls and Procedures	13
PART II - OTHER INFORMATION	14
Legal Proceedings	14
Exhibits and Reports on Form 8-K	14
SIGNATURES	15

PART I - FINANCIAL INFORMATION

Unaudited Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission ("Commission").  While these statements reflect all normal recurring adjustments which are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and footnotes thereto, which are included in the Company's December 31, 2011, Annual Report on Form 10-K, previously filed with the Commission on March 30, 2012.

3

White Dental Supply, Inc.

(A Development Stage Company)

Condensed Balance Sheets

	September 30,		December 31,
	2012		2011
	(unaudited)		(audited)
Assets
Current assets:
Cash	$	105,865	$	1,378
Deposit		-		30
Total current assets		105,865		1,408
Fixed assets:
Patent, net of accumulated amortization of $0
as of 9/30/12 and 12/31/11		42,500		-
Total fixed assets		42,500		-
Total assets	$	148,365	$	1,408
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	931	$	1,617
Accrued interest		8,170		-
Note payable - current		183,623		7,250
Total current liabilities		192,724		8,867
Long-term liabilities:
Notes payable - long term		4,000		-
Total long-term liabilities		4,000		-
Total liabilities		196,724		8,867
Stockholders’ deficit
Preferred stock, $0.001 par value, 100,000,000 shares
authorized, no shares issued and outstanding		-		-
Common stock, $0.001 par value, 100,000,000 shares
authorized, 99,450,000 shares issued and outstanding
as of 9/30/12 and 12/31/11		99,450		99,450
Additional paid-in capital		78,350		70,950
Deficit accumulated during development stage		(226,159)		(177,859)
Total stockholders’ deficit		(48,359)		(7,459)
Total liabilities and stockholders’ deficit	$	148,365	$	1,408

The accompanying notes are an integral part of these financial statements.

4

White Dental Supply, Inc.

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)

	Three Months Ended				Nine Months Ended				Inception
	September 30,				September 30,				(March 29, 2006) to
	2012		2011		2012		2011		September 30, 2012
Revenue	$	-	$	-	$	-	$	-	$	1,674
Cost of goods sold		-		-		-		-		1,386
Gross profit		-		-		-		-		288
Expenses:
Officers compensation		-		-		10,000		1,254		21,254
General and administrative expenses		18,580		3,447		30,080		12,207		116,733
Total expenses		18,580		3,447		40,080		13,461		137,987
Loss before other expenses		(18,580)		(3,447)		(40,080)		(13,461)		(137,699)
Other expenses:
Interest expense		(4,345)		-		(8,170)		-		(8,170)
Total other expenses		(4,345)		-		(8,170)		-		(8,170)
Loss before provision for income taxes		(22,925)		(3,447)		(48,250)		(13,461)		(145,869)
Provision for income taxes		-		(50)		(50)		(50)		(290)
Net loss	$	(22,925)	$	(3,497)	$	(48,300)	$	(13,511)	$	(146,159)
Weighted average number of
common shares outstanding - basic		99,450,000		99,450,000		99,450,000		99,450,000
Net loss per share - basic	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

The accompanying notes are an integral part of these financial statements.

5

White Dental Supply, Inc.

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)

	For the nine months ended				Inception
	September 30,				(March 29, 2006) to
	2012		2011		September 30, 2012
Operating activities
Net loss	$	(48,300)	$	(13,511)	$	(146,159)
Adjustments to reconcile net loss to
net cash used by operating activities:
Shares issued for services - related party		-		-		10,000
Changes in operating assets and liabilities:
Decrease in deposits		30		-		-
Increase (decrease) in accounts payable		(686)		1,040		931
Increase in accrued expenses		-		360		-
Increase in accrued interest		8,170		-		8,170
Net cash used by operating activities		(40,786)		(12,111)		(127,058)
Investing activities
Purchase of intellectual property		(42,500)		-		(42,500)
Net cash provided by investing activities		(42,500)		-		(42,500)
Financing activities
Donated capital		7,400		10,000		42,800
Proceeds from notes payable		180,373		2,250		191,623
Issuances of common stock		-		-		45,000
Net cash provided by financing activities		187,773		12,250		275,423
Net increase in cash		104,487		139		105,865
Cash - beginning of the period		1,378		691		-
Cash - ending of the period	$	105,865	$	830	$	105,865
Supplemental disclosures:
Interest paid	$	-	$	-	$	-
Income taxes paid	$	50	$	50	$	290
Non-cash transactions
Shares issued for services - related party	$	-	$	-	$	10,000
Number of shares issued for services - related party		-		-		90,000,000

The accompanying notes are an integral part of these financial statements.

6

White Dental Supply, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements

Note 1 - Basis of presentation

The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein.  It is suggested that these interim financial statements be read in conjunction with the audited financial statements of the Company for the period ended December 31, 2011 and notes thereto included in the Company's annual report on Form 10-K.  The Company follows the same accounting policies in the preparation of interim reports.

Results of operations for the interim periods are not indicative of annual results.

Note 2 - History and organization of the company

The Company was organized March 29, 2006 (Date of Inception) under the laws of the State of Nevada, as White Dental Supply, Inc.  The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 100,000,000 shares of its $0.001 par value preferred stock.

The business of the Company is to sell dental supplies and home safety products through direct marketing and via the internet.  The Company has limited operations and in accordance with ASC 915-10, “Development Stage Entities”, the Company is considered a development stage company.  

Note 3 - Going concern

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $226,159 as of September 30, 2012. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

7

White Dental Supply, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements

Note 4 -Accounting Policies and Procedures

Basis of Presentation

The financial statements present the balance sheets, statements of operations and cash flows of the Company. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.  

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Loss per share

Net loss per share is provided in accordance with ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of September 30, 2012.

Recent Accounting Pronouncements

The company evaluated all of the recent accounting updates and deemed that they would not have a material effect on the financial position, results of operations or cash flows of the Company.

Note 5 - Debt and interest expense

Through September 30, 2012, a non-affiliated third-party loaned the Company an aggregate of $7,250 in cash.  The note bears no interest and is due upon demand.  

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $15,254.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity.  As of September 30, 2012, the principle balance owed on this loan is $15,254 and interest accrued thereupon was $723.  

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $82,373.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity.  As of September 30, 2012, the principle balance owed on this loan is $82,373 and interest accrued thereupon was $3,904.

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $74,746.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity.  As of September 30, 2012, the principle balance owed on this loan is $74,746 and interest accrued thereupon was $3,543.  

On July 25, 2012, the Company entered into an Intellectual Property Assignment Agreement.  (See note 8 to the financial statements for details concerning the Agreement).  In accordance with the terms and conditions contained therein, the Company has agreed to pay the Seller $8,000 in two installments:

1.

The first payment of $4,000 is due July 25, 2013, the first anniversary date of the Agreement, and is considered a current note payable.  

2.

The second and final payment of $4,000 is due July 25, 2014, the second anniversary date of the Agreement.  This second payment is considered a long-term note payable.  

8

White Dental Supply, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements

Note 6 - Stockholders’ deficit

The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 100,000,000 shares of its $0.001 par value preferred stock.

On June 18, 2008, the Board of Directors authorized and declared a forward stock split to be affected in the form of a stock dividend, whereby eight new shares of common stock will be issued for each one existing share of common stock that is outstanding as of June 18, 2008, resulting in a total of nine post-split shares for each pre-split share outstanding, payable on July 17, 2008.  All references to share and per share information in the financial statements and related notes have been adjusted to reflect the stock split on a retroactive basis.   

Through the September 30, 2012, the founding shareholder of the Company donated cash in the amount of $42,800.  The entire amount is considered donated capital and recorded as additional paid-in capital.

As of September 30, 2012, there have been no other issuances of common stock.

Note 7 - Related party transactions

Since the inception of the Company, a shareholder, officer and director of the Company donated cash to the Company in the aggregate amount of $42,800.  This amount has been donated to the Company and is not expected to be repaid and is considered additional paid-in capital.

The Company does not lease or rent any property.  Office services are provided without charge by an officer and director of the Company.  Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.

Note 8 - Intellectual Property Assignment Agreement

On July 25, 2012, the Company entered into and closed an Intellectual Property Assignment Agreement (“Agreement”) by and between the Company and Mr. Sebastian Barr, an individual (“Seller”).  In accordance with the Agreement, the Company acquired certain patents, prototypes and technical information the Seller (“Assets”), pertaining to child safety devices.  In exchange for the Assets, the Company agreed to pay the Seller an aggregate of $42,500, pursuant to the following schedule:

1.

An initial payment of $10,000 paid to Sunbeam Packing Services, LLC upon execution of the Agreement;

2.

$24,500 paid to the Seller upon execution of the Agreement

3.

The balance of $8,000 shall be paid in two installments: $4,000 upon the first anniversary date of the Agreement and $4,000 upon the second anniversary date of the Agreement.

Additionally, the Company has agreed to pay to the Seller royalties of 2.5% of gross sales of products based on or directly derived from the Assets.  In the event the Company sells, assigns of otherwise transfers the Assets, the Company has agreed to pay the Seller 2.5% of the gross amount of the sale of the Assets.

Note 9 - Subsequent Events

The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no material subsequent events to report.

9

Management's Discussion and Analysis of Financial Condition and Results of Operation

Forward-Looking Statements

This Quarterly Report contains forward-looking statements about White Dental Supply, Inc.’s business, financial condition and prospects that reflect management’s assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized.  If any of our management’s assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, White Dental Supply’s actual results may differ materially from those indicated by the forward-looking statements.

The key factors that are not within our control and that may have a direct bearing on operating results include, but are not limited to, acceptance of our services, our ability to expand our customer base, managements’ ability to raise capital in the future, the retention of key employees and changes in the regulation of our industry.

There may be other risks and circumstances that management may be unable to predict.  When used in this Quarterly Report, words such as,  "believes,"  "expects," "intends,"  "plans,"  "anticipates,"  "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions.

Management’s Discussion and Analysis

On April 3, 2012, we experienced a change of control.  Our founding shareholder, Mrs. Nancy White, sold her entire position, comprised of 92,500,000 of our common stock, to Frederick B. Lawrence, who was a third party at the time of the transaction, in a private transaction not involving the Company.  As a result of the sale of common stock, Mr. Lawrence became our majority shareholder, owning approximately 92.76% of our issued and outstanding common stock.  In connection and concurrent with the change of control, we elected new Directors and Officers and the previous Officers and Directors resigned their positions.  

On July 25, 2012, we entered into and closed an Intellectual Property Assignment Agreement (“Agreement”) with Mr. Sebastian Barr, an individual (“Seller”).  In accordance with the Agreement, we acquired certain patents, prototypes and technical information the Seller (“Assets”), pertaining to child safety devices.  In exchange for the Assets, we agreed to pay the Seller an aggregate of $42,500.

1.

An initial payment of $10,000 paid to Sunbeam Packing Services, LLC upon execution of the Agreement;

2.

$24,500 paid to the Seller upon execution of the Agreement

3.

The balance of $8,000 shall be paid in two installments: $4,000 upon the first anniversary date of the Agreement and $4,000 upon the second anniversary date of the Agreement.

Additionally, we agreed to pay to the Seller royalties of 2.5% of gross sales of products based on or directly derived from the Assets.  In the event we sell, assign of otherwise transfer the Assets, we agreed to pay the Seller 2.5% of the gross amount of the sale of the Assets.

Results of operations for the three months ended September 30, 2012 and 2011

We were incorporated in the State of Nevada on March 29, 2006.  We are a development stage company that sells dental supplies via direct sales to retail customers and industry participants, such as dental hygienists.  As a result of the July 25, 2012 Intellectual Property Assignment Agreement, we are also engaged in the child and home safety business.  During the three month periods ended September 30, 2012 and 2011, we did not generate any revenues, and therefore did not incur any costs associated with sales of products.  

For the three months ended September 30, 2012, we incurred operating expenses in the amount of $18,580, all of which is attributable to general and administrative expenses.  General and administrative fees primarily included general office expenses, accounting fees and professional fees related to maintaining our periodic filing requirements as a public reporting company.  In the comparable three month period ended September 30, 2011, we incurred $3,447 in operating expenses, all of which is attributable to general and administrative costs.  The increase year-over-year is primarily attributable to unique one-time charges for business consulting fees as we undertake a new line of products.

10

In April 2012, we issued Unsecured Promissory Notes to three non-affiliated entities in the aggregate amount of $172,373.  These notes are due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The notes bear an interest rate of 10% per annum, payable on maturity.  During the three months ended September 30, 2012, we recorded interest expense of $4,345 related to these notes.  In the comparable three month period ended September 30, 2011, there was no interest expense.

Without having generated revenues during the three month periods ended September 30, 2012 and 2011, we incurred net losses of $22,925 and $3,497, respectively.

Results of operations for the nine months ended September 30, 2012 and 2011

During the nine month periods ended September 30, 2012 and 2011, we did not generate any revenues, and therefore did not incur any costs associated with sales of products.  

In the nine month period ended September 30, 2012, total expenses were $40,080, $10,000 of which is due to compensation paid to an officer and $30,080 of which was used for general and administrative purposes.  Comparatively, total expenses in the nine month period ended September 30, 2011 was $13,461, of which general and administrative expenses were $12,207 and executive compensation was $1,254.  Accounting and consulting fees paid to third parties to maintain our public reporting requirements increased in the most recent nine month period ended September 30, 2012, compared to the comparable period ended September 30, 2011, as did consulting fees paid to third parties for business advice.

During the nine months ended September 30, 2012, interest expense was $8,170, related to the Promissory Notes entered into on April 10, 2012.  During the nine months ended September 30, 2011, we did not record any interest expense.

During the nine month periods ended September 30, 2012 and 2011, we recorded provisions for income taxes of $50 and $50, respectively, related to the minimum tax payable to the State of Arizona.  

We incurred a net loss in the amount of $48,300 during the nine months ended September 30, 2012.  In comparison, we incurred a $13,511 net loss during the nine months ended September 30, 2011.

Results of operations from our inception on March 29, 2006 to September 30, 2012

From the date of our inception, March 29, 2006, to September 30, 2012, we realized revenues of only $1,674.  After taking into account cost of goods sold in the amount of $1,386, we realized a gross profit of $288.  We are unable to forecast the amount, if any, of revenues we will generate for the foreseeable future.  We have no recurring customers and no source of guaranteed ongoing revenues.  We have experienced marked difficulty in generating sales.  

Aggregate operating expenses from our inception through September 30, 2012 were $137,987, of which $21,254 is related to compensation paid to executive officers and $116,733 in general and administrative expenses.  No development related expenses have been or will be paid to our affiliates.  We expect to continue to incur general and administrative expenses for the foreseeable future, although we cannot estimate the extent of these costs.  As a result of not having revenues and incurring ongoing expenses related to the implementation of our business, we have experienced net losses in all periods since our inception.  Since our inception, we have accumulated net losses in the amount of $146,159.  We anticipate incurring ongoing operating losses and cannot predict when, if at all, we may expect these losses to plateau or narrow.  We have not been profitable from our inception through September 30, 2012.  There is significant uncertainty projecting future profitability due to our history of losses, lack of revenues, and due to our reliance on the performance of third parties on which we have no direct control.  

11

Liquidity

Over the past several years, our operations had been impaired by the state of the general economy. On April 10, 2012, we issued Unsecured Promissory Notes to three non-affiliated entities in the aggregate amount of $172,373.  The loans are due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loans bear interest at a rate of 10% per annum, payable on maturity.  

During the nine months ended September 30, 2012, officers donated $7,400 in cash to finance our operations.

As of September 30, 2012, we had $105,865 of cash on hand.  As a result of our July 25, 2012 Agreement to acquire certain intellectual property related to child safety devices, we are attempting to enter the market for child and home safety products.  To that end, we plan to use our cash to manufacture products based on the technology we acquired, accumulate sufficient inventory and develop and implement a sales and marketing strategy.  As of the date of this report, we have not undertaken any of those initiatives.

Plan of operation

On July 25, 2012, we entered into and closed an Intellectual Property Assignment Agreement (“Agreement”) with Mr. Sebastian Barr, an individual (“Seller”).  In accordance with the Agreement, we acquired certain patents, prototypes and technical information the Seller (“Assets”), pertaining to child safety devices.  The patented designs will allow us to produce a drawer safety latch that automatically stops the drawer, both when opening and closing the drawer.  The latch is a one-piece unit that does not require any hardware or fastening devices to install.

In exchange for the Assets, we agreed to pay the Seller an aggregate of $42,500, pursuant to the following schedule:

1.

An initial payment of $10,000 paid to Sunbeam Packing Services, LLC upon execution of the Agreement;

2.

$24,500 paid to the Seller upon execution of the Agreement

3.

The balance of $8,000 shall be paid in two installments: $4,000 upon the first anniversary date of the Agreement and $4,000 upon the second anniversary date of the Agreement.

Additionally, we agreed to pay to the Seller royalties of 2.5% of gross sales of products based on or directly derived from the Assets.  In the event we sell, assign of otherwise transfer the Assets, we agreed to pay the Seller 2.5% of the gross amount of the sale of the Assets.

We are actively engaged in locating firms that can potentially manufacture a quality product at a low cost-basis.  To date, we have not identified any specific manufacturers and have no agreements other than as disclosed herein.

Our management does not anticipate the need to hire additional full- or part- time employees over the next 12 months, as the services provided by our current officers and directors appear sufficient at this time.  Our officers and directors work for us on a part-time basis, and are prepared to devote additional time, as necessary.  We do not expect to hire any additional employees over the next 12 months.  

There are no known trends, events or uncertainties that have had or that are reasonably expected to have a material impact on our revenues from continuing operations.  

Our management does not expect to incur research and development costs.

We do not have any off-balance sheet arrangements.

We currently do not own any significant plant or equipment that we would seek to sell in the near future.  

We have not paid for expenses on behalf of our directors. Additionally, we believe that this fact shall not materially change.

We currently do not have any material contracts and or affiliations with third parties.

12

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our Principal Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the period covered by this Report. Based on that evaluation, it was concluded that our disclosure controls and procedures are not designed at a reasonable assurance level and are not effective to provide reasonable assurance that information we are required to disclose in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure

Changes in internal controls over financial reporting  

There were no changes in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

Limitations on Effectiveness of Controls and Procedures

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

13

PART II - OTHER INFORMATION

Legal Proceedings

We are not a party to any material legal proceedings.

Exhibits and Reports on Form 8-K

Exhibit Number	Name and/or Identification of Exhibit
3	Articles of Incorporation & By-Laws
	(a) Articles of Incorporation *
	(b) By-Laws *
10	Revolving Line of Credit Promissory Note **
31	Rule 13a-14(a)/15d-14(a) Certifications
	(a) Frederick Lawrence
	(b) Patrick Deparini
32	Certification under Section 906 of the Sarbanes-Oxley Act (18 U.S.C. Section 1350)
101	Interactive Data File
	(INS) XBRL Instance Document
	(SCH) XBRL Taxonomy Extension Schema Document
	(CAL) XBRL Taxonomy Extension Calculation Linkbase Document
	(DEF) XBRL Taxonomy Extension Definition Linkbase Document
	(LAB) XBRL Taxonomy Extension Label Linkbase Document
	(PRE) XBRL Taxonomy Extension Presenation Linkbase Document
*  Incorporated by reference herein filed as exhibits to the Company’s Registration Statement on Form SB-2 previously filed with the SEC on January 29, 2007, and subsequent amendments made thereto.
**  Incorporated by reference herein filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2009, previously filed with the SEC on November 16, 2009.

14

SIGNATURES

Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

WHITE DENTAL SUPPLY, INC.
(Registrant)
Signature	Title	Date
/s/ Frederick B. Lawrence	President and	November 14, 2012
Frederick B. Lawrence	Chief Executive Officer
/s/ Patrick Deparini	Principal Financial Officer	November 14, 2012
Patrick Deparini
/s/ Patrick Deparini	Principal Accounting Officer	November 14, 2012
Patrick Deparini

15

EX-31.1

CERTIFICATIONS

I, Frederick B. Lawrence, certify that:

1.

I have reviewed this quarterly report on Form 10-Q of White Dental Supply, Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  November 14, 2012

/s/ Frederick B. Lawrence

     Frederick B. Lawrence

     President and CEO

EX-31.2

CERTIFICATIONS

I, Patrick Deparini, certify that:

1.

I have reviewed this quarterly report on Form 10-Q of White Dental Supply, Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  November 14, 2012

/s/ Patrick Deparini

     Patrick Deparini

     Principal Financial Officer

     Principal Accounting Officer

EX-32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of White Dental Supply, Inc. (the "Company") on Form 10-Q for the three month period ended September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Frederick B. Lawrence, acting in the capacity as the Chief Executive Officer of the Company, and I, Patrick Deparini, acting in the capacity as the Principal Financial Officer of the Company, certify to the best of our knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Frederick B. Lawrence

     Frederick B. Lawrence

     Chief Executive Officer

     November 14, 2012

/s/ Patrick Deparini

     Patrick Deparini

     Principal Financial Officer

     November 14, 2012

XML

Accounting Policies and Procedures

3 Months Ended

Sep. 30, 2012

Notes

Accounting Policies and Procedures

Note 4 -Accounting Policies and Procedures

Basis of Presentation

The financial statements present the balance sheets, statements of operations and cash flows of the Company. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Loss per share

Net loss per share is provided in accordance with ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of September 30, 2012.

Recent Accounting Pronouncements

The company evaluated all of the other recent accounting updates and deemed that they would not have a material effect on the financial position, results of operations or cash flows of the Company.

XML

Going concern

3 Months Ended

Sep. 30, 2012

Notes

Going concern

Note 3 - Going concern

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $226,159 as of September 30, 2012. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

XML

Condensed Balance Sheets (unaudited) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash	$ 105,865	$ 1,378
Deposit		30
Total current assets	105,865	1,408
Fixed assets:
Patents, net of accumulated amortization	42,500
Total fixed assets	42,500
Total assets	148,365	1,408
Current liabilities:
Accounts payable	931	1,617
Accrued interest	8,170
Note payable - current	183,623	7,250
Total current liabilities	192,724	8,867
Long-term liabilities:
Note payable - long term	4,000
Total long-term liabilities	4,000
Total liabilities	196,724	8,867
Stockholders' deficit
Preferred stock value
Common stock value	99,450	99,450
Additional paid-in capital	78,350	70,950
Deficit accumulated during development stage	(226,159)	(177,859)
Total stockholders' deficit	(48,359)	(7,459)
Total liabilities and stockholders' deficit	$ 148,365	$ 1,408	[1]

[1] The numbers in this column, for the year ended December 31, 2011, are derived from audited financials.

XML

Basis of presentation

3 Months Ended

Sep. 30, 2012

Notes

Basis of presentation

Note 1 - Basis of presentation

The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein.  It is suggested that these interim financial statements be read in conjunction with the audited financial statements of the Company for the period ended December 31, 2011 and notes thereto included in the Company's annual report on Form 10-K.  The Company follows the same accounting policies in the preparation of interim reports.

Results of operations for the interim periods are not indicative of annual results.

XML

Stockholders' deficit (Details) (USD $)	78 Months Ended
	Sep. 30, 2012
Donated cash	$ 42,800

XML

History and organization of the company

3 Months Ended

Sep. 30, 2012

Notes

History and organization of the company

Note 2 - History and organization of the company

The Company was organized March 29, 2006 (Date of Inception) under the laws of the State of Nevada, as White Dental Supply, Inc.  The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 100,000,000 shares of its $0.001 par value preferred stock.

The business of the Company is to sell dental supplies through direct marketing and via the internet.  The Company has limited operations and in accordance with ASC 915-10, “Development Stage Entities”, the Company is considered a development stage company.

XML

Condensed Balance Sheets (unaudited) (Parenthetical) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	99,450,000	99,450,000
Common stock, shares outstanding	99,450,000	99,450,000

XML

Accounting Policies and Procedures: Loss per share (Policies)

3 Months Ended

Sep. 30, 2012

Policies

Loss per share

Loss per share

Net loss per share is provided in accordance with ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of September 30, 2012.

XML

Document and Entity Information	3 Months Ended
	Sep. 30, 2012
Document and Entity Information
Entity Registrant Name	White Dental Supply, Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Entity Central Index Key	0001384365
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	99,450,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	Yes
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

XML

Accounting Policies and Procedures: Recent Accounting Pronouncements (Policies)

3 Months Ended

Sep. 30, 2012

Policies

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The company evaluated all of the other recent accounting updates and deemed that they would not have a material effect on the financial position, results of operations or cash flows of the Company.

XML

Condensed Statements of Operations (unaudited) (USD $)	3 Months Ended		9 Months Ended		78 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Revenue					$ 1,674
Cost of goods sold					1,386
Gross profit					288
Expenses:
Executive compensation			10,000	1,254	21,254
General and administrative expenses	18,580	3,447	30,080	12,207	116,733
Total expenses	18,580	3,447	40,080	13,461	137,987
Loss before other expenses	(18,580)	(3,447)	(40,080)	(13,461)	(137,699)
Other expenses:
Interest expense	(4,345)		(8,170)		(8,170)
Total other expenses	(4,345)		(8,170)		(8,170)
Loss before provision for income taxes	(22,925)	(3,447)	(48,250)	(13,461)	(145,869)
Provision for income taxes		(50)	(50)	(50)	(290)
Net loss	$ (22,925)	$ (6,497)	$ (48,300)	$ (13,511)	$ (146,159)
Weighted average number of common shares outstanding - basic	99,450,000	99,450,000	99,450,000	99,450,000
Net loss per share - basic	$ 0	$ 0	$ 0	$ 0

XML

Related party transactions

3 Months Ended

Sep. 30, 2012

Notes

Related party transactions

Note 7 - Related party transactions

Since the inception of the Company, a shareholder, officer and director of the Company donated cash to the Company in the aggregate amount of $42,800.  This amount has been donated to the Company and is not expected to be repaid and is considered additional paid-in capital.

The Company does not lease or rent any property.  Office services are provided without charge by an officer and director of the Company.  Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.

XML

Stockholders' deficit

3 Months Ended

Sep. 30, 2012

Notes

Stockholders' deficit

Note 6 - Stockholders’ deficit

The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 100,000,000 shares of its $0.001 par value preferred stock.

On June 18, 2008, the Board of Directors authorized and declared a forward stock split to be affected in the form of a stock dividend, whereby eight new shares of common stock will be issued for each one existing share of common stock that is outstanding as of June 18, 2008, resulting in a total of nine post-split shares for each pre-split share outstanding, payable on July 17, 2008.  All references to share and per share information in the financial statements and related notes have been adjusted to reflect the stock split on a retroactive basis.  

Through the September 30, 2012, the founding shareholder of the Company donated cash in the amount of $42,800.  The entire amount is considered donated capital and recorded as additional paid-in capital.

As of September 30, 2012, there have been no other issuances of common stock.

XML

Intellectual Property Assignment Agreement (Details) (USD $)	Jul. 25, 2014	Jul. 25, 2013	Jul. 26, 2012	Jul. 25, 2012
Acquisition of intellectual property				$ 42,500
Payment on intellectual property agreement	$ 4,000	$ 4,000	$ 24,500	$ 10,000
Seller royalties				2.50%

XML

History and organization of the company (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Common shares authorized to be issued	100,000,000	100,000,000
Par value of common stock	$ 0.001	$ 0.001
Preferred shares authorized to be issued	100,000,000	100,000,000
Par value of preferred stock	$ 0.001	$ 0.001

XML

Accounting Policies and Procedures: Basis of Presentation (Policies)

3 Months Ended

Sep. 30, 2012

Policies

Basis of Presentation

Basis of Presentation

The financial statements present the balance sheets, statements of operations and cash flows of the Company. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.

XML

Intellectual Property Assignment Agreement

3 Months Ended

Sep. 30, 2012

Notes

Intellectual Property Assignment Agreement

Note 8 - Intellectual Property Assignment Agreement

On July 25, 2012, the Company entered into and closed an Intellectual Property Assignment Agreement (“Agreement”) by and between the Company and Mr. Sebastian Barr, an individual (“Seller”).  In accordance with the Agreement, the Company acquired certain patents, prototypes and technical information the Seller (“Assets”), pertaining to child safety devices.  In exchange for the Assets, the Company agreed to pay the Seller an aggregate of $42,500, pursuant to the following schedule:

1.     An initial payment of $10,000 paid to Sunbeam Packing Services, LLC upon execution of the Agreement;

2.     $24,500 paid to the Seller upon execution of the Agreement

3.     The balance of $8,000 shall be paid in two installments: $4,000 upon the first anniversary date of the Agreement and $4,000 upon the second anniversary date of the Agreement.

Additionally, the Company has agreed to pay to the Seller royalties of 2.5% of gross sales of products based on or directly derived from the Assets.  In the event the Company sells, assigns of otherwise transfers the Assets, the Company has agreed to pay the Seller 2.5% of the gross amount of the sale of the Assets.

XML

Subsequent Events

3 Months Ended

Sep. 30, 2012

Notes

Subsequent Events

Note 9 - Subsequent Events

The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no material subsequent events to report.

XML

Accounting Policies and Procedures: Use of estimates (Policies)

3 Months Ended

Sep. 30, 2012

Policies

Use of estimates

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

XML

Debt and interest expense (Details) (USD $)	6 Months Ended
	Sep. 30, 2012	Jul. 25, 2012	Apr. 10, 2012
Note payable, third-party	$ 7,250
Promissory Note 1	15,254		15,254
Promissory notes interest rate			10.00%
Interest accrued on promissory note 2	723
Promissory Note 2	82,373		82,373
Interest accrued on promissory note 3	3,904
Promissory Note 3	74,746		74,746
Interest accrued on promissory note 4	3,543
Balance due on intellectual property agreement		$ 8,000

XML

Condensed Statements of Cash Flows (unaudited) (USD $)	9 Months Ended		78 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Operating activities
Net Loss	$ (48,300)	$ (13,511)	$ (146,159)
Adjustments to reconcile net loss to net cash used by operating activities:
Shares issued for services - related party			10,000
Changes in operating assets and liabilities:
Decrease in deposits	30
Increase (decrease) in accounts payable	(686)	1,040	931
Increase in accrued expenses		360
Increase in accrued interest	8,170		8,170
Net cash used by operating activities	(40,786)	(12,111)	(127,058)
Investing activities
Purchase of intellectual property	(42,500)		(42,500)
Net cash provided by investing activities	(42,500)		(42,500)
Financing activities
Donated capital	7,400	10,000	42,800
Proceeds from notes payable	180,373	2,250	191,623
Issuances of common stock			45,000
Net cash provided by financing activities	187,773	12,250	275,423
Net increase in cash	104,487	139	105,865
Cash - beginning of the period	1,378	691
Cash - ending of the period	105,865	830	105,865
Supplemental disclosures:
Interest paid
Income taxes paid	50	50	290
Non-cash transactions:
Shares issued for services - related party			$ 10,000
Number of shares issued for services - related party			90,000,000

XML

Debt and interest expense

3 Months Ended

Sep. 30, 2012

Notes

Debt and interest expense

Note 5 - Debt and interest expense

Through September 30, 2012, a non-affiliated third-party loaned the Company an aggregate of $7,250 in cash.  The note bears no interest and is due upon demand.

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $15,254.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity.  As of September 30, 2012, the principle balance owed on this loan is $15,254 and interest accrued thereupon was $723.

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $82,373.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity. As of September 30, 2012, the principle balance owed on this loan is $82,373 and interest accrued thereupon was $3,904.

On April 10, 2012, the Company issued a Promissory Note to one non-affiliated entity in the amount of $74,746.  The loan is due and payable in full on the earlier of April 9, 2013 or at the closing of a private placement offering that nets us a minimum of $2,000,000 in financing.  The loan bears an interest rate of 10% per annum, payable on maturity.  As of September 30, 2012, the principle balance owed on this loan is $74,746 and interest accrued thereupon was $3,543.

On July 25, 2012, the Company entered into an Intellectual Property Assignment Agreement.  (See note 8 to the financial statements for details concerning the Agreement).  In accordance with the terms and conditions contained therein, the Company has agreed to pay the Seller $8,000 in two installments:

1.     The first payment of $4,000 is due July 25, 2013, the first anniversary date of the Agreement, and is considered a current note payable. 

2.     The second and final payment of $4,000 is due July 25, 2014, the second anniversary date of the Agreement.  This second payment is considered a long-term note payable.

XML

Going concern (Details) (USD $)	Sep. 30, 2012
Accumulated deficit	$ 226,159