10-Q 1 ccc10q910.htm ccc10q910.htm
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, 2010

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from   to

Commission File No. 000-53219

CHOCOLATE CANDY CREATIONS, INC.

(Exact name of registrant as specified in its charter)


Delaware
20-5911117
(State of Incorporation)
(I.R.S. Employer Identification No.)


130 Shore Road, Suite 238
Port Washington, NY  11050
__________________________________
(Address of principal executive offices)


516-238-5535
(Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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.

 [ X ]   yes
 [   ]  no


Indicate by check mark whether registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer.  See definition of "accelerated filer" and large accelerated filer" in Rule 12b-2 of the Exchange Act (Check one)
[ ] large accelerated filer [ ] Accelerated filer [  ] Non-accelerated filer [ X ] Smaller reporting company


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(232.405 of this  chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).


 [   ]   yes
 [   ]  no



Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).


 [ X ]   yes
 [   ]  no


The number of shares outstanding of the issuer's class of Common Stock as of November 10, 2010 was 163,000.


Page 1
 

 
CHOCOLATE CANDY CREATIONS, INC.

FORM 10-Q

FOR THE QUARTER ENDED September 30, 2010

 
TABLE OF CONTENTS
PAGE NUMBERS
PART I
 
   
Item 1 – Condensed Financial Statements
 
   
Balance Sheets as of September 30, 2010
(Unaudited) and December 31, 2009
 
3
   
Statements of Operations for the three and nine
months ended September 30, 2010 and 2009 (Unaudited)
 
4
   
Statements of Cash Flows for the nine months
ended September 30, 2010 and 2009 (Unaudited)
 
5
   
Notes to Condensed Financial Statements (Unaudited)
6
   
Item 2 – Management’s Discussion and Analysis
         Or Plan of Operation
 
10
   
Item 3 – Quantative and Qualitative Disclosures about Market Risk
13
   
Item 4T – Controls and Procedures
13
   
PART II – OTHER INFORMATION
 
   
Item 1 – Legal Proceedings
13
   
Item 2 - Unregistered Sales of Equity Securities and Use of
         Proceeds
 
13
   
Item 3 - Defaults upon Senior Securities
13
   
Item 4 – (Removed and Reserved)
13
   
Item 5 - Other Information
13
   
Item 6 - Exhibits and Reports on Form 8-K
13
   
Signatures
15
   
   



Page 2
 
 

 
CHOCOLATE CANDY CREATIONS, INC.
Balance Sheets

   
As of
September 30, 2010
(Unaudited)
   
As of
December 31, 2009
 
             
ASSETS
           
             
CURRENT ASSETS:
           
             
CASH
  $ 17,036     $ 18,649  
PREPAID INSURANCE EXPENSE
    641    
0``
 
INVENTORY
    670       725  
                 
TOTAL CURENT ASSETS
    18,347       19,374  
                 
PROPERTY ASSETS:
               
                 
EQUIPMENT
    44,536       44,536  
LESS:  ACCUMULATED DEPRECIATION
    (31,178 )     (24,497 )
                 
EQUIPMENT NET OF ACCUMULATED DEPRECIATION
    13,358       20,039  
                 
TOTAL ASSETS
  $ 31,705     $ 39,413  
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
                 
CURRENT LIABILITIES:
               
   ACCRUED LIABILITIES
  $ 7,911     $ 6,554  
                 
LONG TERM LIABILITIES:
               
   INTEREST PAYABLE
    294       -0-  
   LOAN PAYABLE – STOCKHOLDER
    20,000       -0-  
                 
TOTAL LIABILITIES
    28,205       6,554  
                 
STOCKHOLDERS EQUITY:
               
                 
PREFERRED STOCK $0.0001 PAR VALUE,
AUTHORIZED 1,000,000 SHARES, ISSUED-NONE
     -0-        -0-  
                 
COMMON STOCK $0.0001 PAR VALUE, AUTHORIZED
4,000,000 SHARES, ISSUED AND OUTSTANDING
163,000 SHARES AS OF September 30, 2010 AND
AS OF December 31, 2009
       16          16  
                 
ADDITIONAL PAID-IN CAPITAL
    132,984       132,984  
                 
ACCUMULATED DEFICIT
    (129,500 )     (100,141 )
                 
TOTAL STOCKHOLDERS’ EQUITY
    3,500       32,859  
                 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
  $ 31,705     $ 39,413  
                 
                 
                 
                 


Page 3

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART
OF THESE CONDENSED FINANCIAL STATEMENTS


CHOCOLATE CANDY CREATIONS, INC.
Statements of Operations
(Unaudited)
 
 


   
For the Three Months Ended
   
For the Nine Months Ended
 
   
September 30, 2010
   
September 30, 2009
   
September 30, 2010
   
September 30, 2009
 
                         
SALES
  $ 0     $ 182     $ 2,966     $ 3,221  
                                 
RAW MATERIALS COST
    0       58       635       819  
                                 
GENERAL AND
ADMINISTRATIVE EXPENSES
    4,491       4,215       24,728       26,108  
                                 
DEPRECIATION
    2,227       2,227       6,681       6,681  
                                 
TOTAL OPERATING EXPENSES
    6,718       6,500       32,044       33,608  
                                 
OPERATING LOSS
    (6,718 )     (6,318 )     (29,078 )     (30,387 )
                                 
OTHER INCOME
    2       5       13       53  
                                 
INTEREST EXPENSE
    (265 )     (-0- )     (294 )     (-0- )
                                 
   NET LOSS
    (6,981 )   $ (6,313 )     (29,359 )   $ (30,334 )
 
                               
LOSS PER COMMON SHARE
   BASIC AND DILUTED
  $ (0.04 )   $ (0.04 )   $ (0.18 )   $ (0.19 )
                                 
WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING
 BASIC AND DILUTED
    163,000       163,000       163,000       163,000  
                                 




 

THE ACCOMPANYING NOTES ARE AN INTEGRAL
PART OF THESE CONDENSED FINANCIAL STATEMENTS




Page 4
 
 

 
CHOCOLATE CANDY CREATIONS, INC.
Statements of Cash Flows
(Unaudited)



   
FOR THE NINE MONTHS ENDED
 
   
September 30, 2010
   
September 30, 2009
 
             
CASH FLOWS FROM OPERATING ACTIVITIES
           
             
NET (LOSS)
  $ (29,359 )   $ (30,334 )
                 
Adjustments to reconcile net loss to net cash
Used in operating activities:
               
Depreciation
    6,681       6,681  
Changes in asset and liability balances:
               
Inventory
    55       270  
Prepaid Expenses
    (641 )     463  
Interest Expense
    294       -0-  
Accrued Liabilities
    1357       2,624  
                 
NET CASH USED IN OPERATING ACTIVITIES
  $ (21,613 )   $ (20,296 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
                 
Proceeds from sale of note
indebtedness to shareholder
    20,000       -0-  
                 
NET CASH PROVIDED BY FINANCING ACTIVITIES
  $ (21,613 )   $ (20,296 )
                 
NET INCREASE (DECREASE) IN CASH
  $ (1,613 )   $ (20,296 )
CASH – beginning of period
    18,649       47,440  
                 
CASH – end of period
  $ 17,036     $ 27,144  
                 
                 


THE ACCOMPANYING NOTES ARE AN INTEGRAL
PART OF THESE CONDENSED FINANCIAL STATEMENTS



Page 5


 

 

CHOCOLATE CANDY CREATIONS, INC.

Notes to Condensed Financial Statements

September 30, 2010

(Unaudited)


NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Chocolate Candy Creations, Inc. (the "Company") was organized under the laws of the State of Delaware on November 1, 2006 to manufacture and sell specialized chocolates, other candy, cookie and cake products.  The Company conducts business under the name "Smiles on Chocolate."  In 2007, the Company began selling its products.  The Company's customers are currently located in New York.

Basis of Presentation

The accompanying unaudited interim financial statements as of September 30, 2010, and for the three and nine months ended September 30, 2010 and 2009 have been prepared in accordance with accounting principles generally accepted for interim financial statements presentation and in accordance with the instructions to Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation.  In the opinion of management, the financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position as of September 30, 2010 and the results of operations for the three and nine months ended September 30, 2010 and 2009 and cash flows for the nine months ended September 30, 2010 and 2009.  The results of operations for the three and nine months ended September 30, 2010 and 2009 are not necessarily indicative of the results to be expected for the full year. The December 31, 2009 information has been derived from the audited financial statements for the year ended December 31, 2009 included in the Company's Form 10-K for the year ended December 31, 2009.  This information should be read in  conjunction with the financial statements and notes thereto for the year ended December 31, 2009 included in the Company's Form 10-K.  There have been no changes in significant accounting policies since December 31, 2009.

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 revenues and expenses during the reporting period.  Actual results could differ from these estimates.  Significant estimates made by management include the valuation of the deferred tax asset allowance and the depreciable life and residual value of its property assets.

Cash and Cash Equivalents

Cash equivalents are comprised of certain highly liquid investments with maturity of three months or less when purchased.  We maintain our cash in bank deposit accounts, which at times may exceed federally insured limits. We have not experienced any losses to date as a result of this policy.

Revenue Recognition

The Company recognizes sales revenue from product orders when the order is completed and the product is shipped to the customer. Cash received from clients in advance of the completion of an order is recorded as a deposit.
 
Page 6
 

 


Accounts Receivable

We provide an allowance for doubtful accounts determined primarily through specific identification and evaluation of significant past due accounts, supplemented by an estimate applied to the remaining balance of past due accounts.  As of September 30, 2010 and 2009, no allowance was deemed necessary.

Inventory

Inventory is stated at the lower of cost (first-in, first-out method) or market.  Inventory consists of blank chocolate lollipops, other candy items, and packaging materials.

Property and Equipment

We record our equipment at historical cost.  We expense maintenance and repairs as incurred.  Depreciation is provided for by the straight-line method over five years, the estimated useful lives of the property and equipment.


Income Taxes

The Company uses the liability method of accounting for income taxes.  The liability method measures deferred income taxes by applying enacted statutory rates in effect at the balance sheet date to the differences between the tax basis of assets and liabilities and their reported amounts on the financial statements.  The resulting deferred tax assets or liabilities are adjusted to reflect changes in tax laws as they occur.  A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized.  At September 30, 2010 and December 31, 2009, the Company had net operating loss carryforwards of $129,500 and $100,141, respectively, available to reduce future taxable income expiring through 2029.  Management has determined that it is more likely than not that the net operating loss carrryforwards will not be realized in the future and, accordingly, the deferred tax asset of $40,075 and $27,585 has been fully reserved as of September 30, 2010 and December 31, 2009, respectively.

The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination.  For tax positions meeting a "more-likely-than-not" threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority.  For tax positions not meeting the threshold, no financial statement benefit is recognized. As of September 30, 2010, the Company has had no uncertain tax positions.  The Company recognizes interest and penalties, if any, related to income tax matters as general and administrative expenses.  The Company currently has no federal or state tax examinations nor has it had any federal or state examinations since its inception.  In accordance with statute, all of the Company's tax years are subject to federal and state tax examination.

Income (Loss) Per Common Share

Basic income (loss) per share is calculated using the weighted-average number of common shares outstanding during each reporting period.  Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period.  Common equivalent shares are excluded from the computation of net loss per share since their effect is anti-dilutive.  There were 969,000 potential shares at September 30, 2010 which were excluded from the shares used to calculate diluted earnings per share, as their inclusion would reduce net loss per share.
 
Page 7
 




Fair Value of Financial Instruments

The amounts at which current assets and current liabilities are presented
approximate their fair value due to their short-term nature.


NOTE B - PROPERTY, PLANT AND EQUIPMENT

On December 20, 2006 the Company purchased its chocolate printing machine system for a total of $44,536, of which $39,536 was paid in cash and the remaining $5,000 was paid by the issuance of 5,000 shares of the Company's common stock. On April 1, 2007 the Company placed its chocolate printing machine system in service and began to depreciate it over a 60 month period on a straight line basis with no assumed residual value. Depreciation charged to operations was $2,227 and $6,681, respectively, in each of the three and nine months ended September 30, 2010 and September 30, 2009.

NOTE C – NOTES PAYABLE - STOCKHOLDER

On June 21, 2010 we borrowed $20,000 from a shareholder (“the “Shareholder Loan”).  The Shareholder Loan bears interest at the rate of 5.25% per annum and is due on June 21, 2012.  Interest charged to operations in the three and nine months ended September 30, 2010 was $265 and $294, respectively.

NOTE D - CAPITAL TRANSACTIONS

The Company is authorized to issue 4,000,000 shares of $0.0001 par value common stock.

On November 1, 2006, the Company issued to its founders 91,000 shares of common stock and warrants to purchase 909,000 shares of common stock at $0.05 per share in exchange for a total of $1,000.  On December 19, 2006, 5,000 shares of Common Stock and a warrant to purchase 60,000 shares of common stock at $0.05 per share were sold for a total of $65,000.  On December 20, 2006 the Company issued 5,000 shares of common stock as partial consideration for the purchase of its chocolate printing machine system, which shares were valued at $1.00 per share.  The holders of the warrants have cashless exercise rights. These warrants are exercisable until November 6, 2016, provided that the warrants are not exercisable prior to November 6, 2009 unless there is a "Change in Control" (as defined in the warrants) in the Company, in which event the warrants will be exercisable at any time after seventy (70) days following such Change in Control and until November 6, 2016.

On December 28, 2007, the Company completed a private placement of 62,000 shares of common stock at $1.00 per share.

On August 24, 2009, the Company and the holders of the Company's outstanding warrants agreed to amend the "Exercise Period" (as defined in the warrants) to provide that they may not be exercised until the fifth anniversary of November 6, 2006 (the date of their issuance) unless prior thereto a "Change in Control" (as defined in the warrants) has occurred.  On June 8, 2010 the Company and the holders of the Company’s outstanding warrants agreed to further amend the warrants to modify the term “Change in Control” and other minor modifications.  In total, these amendments apply to an aggregate of 969,000 warrants.

The Company is authorized to issue 1,000,000 shares of $0.0001 par value preferred stock with designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors of the Company. No shares of preferred stock have been issued.

NOTE E - RELATED PARTY TRANSACTIONS

The Company utilizes office and manufacturing space provided by its president at no cost to the Company.  The amount of such space utilized by the Company is considered insignificant.
 
Page 8
 
 


 
NOTE F - COMMITMENTS

Long-term Employment Agreement & Executive Compensation

On November 6, 2006, the Company entered into a one year employment agreement which was amended on June 16, 2008 (the "Employment Agreement") with its president, which shall be extended from year to year after the initial term. Pursuant to the Employment Agreement,  Ms. Cohen is paid (i) fifty (50%) percent of the Company's "gross margin", as defined in the Employment Agreement, less (ii) any commissions or finder's fees paid by the Company or any compensation paid by the Company to any of the Company's  sales  employees or independent contractors.  Ms. Cohen earned $0 and $62 under her Employment Agreement during the three months ended September 30, 2010 and 2009, respectively, and earned $1,156 and $1,194 under her Employment Agreement during the nine months ended September 30, 2010 and 2009, respectively.  At September 30, 2010, $0 remains outstanding, In addition, in the event Ms. Cohen first identifies an acquisition or merger candidate for us, we will pay her a bonus upon the closing of the acquisition or merger.

NOTE G - CONCENTRATION OF RISKS

The Company's cash balances are maintained in a high quality bank checking account.

The following table highlights the Company's revenues from top customers:


 
3 months ended
3 months ended
9 months ended
9 months ended
 
Sept. 30, 2010
Sept. 30, 2009
Sept. 30, 2010
Sept. 30, 2009
Customer A
--
--
20%
--
Customer B
--
--
20%
--
Customer C
--
--
15%
--
Customer D
--
100%
--
6%
Customer E
--
--
--
16%
Customer F
--
--
--
10%
Customer G
--
--
--
10%


Note H - Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

As of September 25, 2009, we implemented the Financial Accounting Standards Board ("FASB") Accounting Standards Codification (the "Codification or "ASC"). All of the content included in the Codification is considered authoritative. The Codification is not intended to amend Generally Accepted Accounting Principles in the United States ("GAAP"), but codifies previous accounting literature.  We implemented the Codification as of September 25, 2009 and changed the referencing of authoritative accounting literature to conform to the Codification.

Note I - Subsequent Events

Subsequent Events have been evaluated through November 10, 2010, the date the financial statements were issued.
 
 
 
Page 9
 
 




Item 2.                            Management's Discussion and Analysis

The financial information included herein should be read in conjunction with the Financial Statements, including the Notes thereto.

OPERATIONS

Chocolate Candy Creations, Inc. ("CCC" or the "Company" or "we") was formed on November 1, 2006 as a Delaware corporation to manufacture and sell specialized chocolate, other candy, cookie and cake products.  Alyssa Cohen, our president, and chief executive officer, is our only employee.  We conduct business under the name "Smiles on Chocolate". We manufacture and sell specialty promotional chocolate, other candy, cookie and cake products on which color images are printed using a portable computer system (the "System") we purchased from its manufacturer, Chocolate Printing Company, Inc. ("CPC") for $44,536. The System incorporates certain patented technologies and proprietary software owned by CPC and was purchased from CPC for cash of $39,536 and 5,000 shares of our common stock valued at $1.00 per share representing the difference between the cash paid and the purchase price of the System.  We sell our products for consumption at events such as parties, weddings, business conferences, Bar and Bat Mitzvahs and charity events.  These customized products include specialized chocolate products such as lollipops, portraits, CD's, trading cards and business cards.

We do not believe that our business is seasonal although we may experience greater sales around the time of major holidays such as Easter, Thanksgiving and Christmas.


Results of Operations

The following table sets forth our statements of operations for the three and nine months ended September 30, 2010 and September 30, 2009, respectively.

                                                                                                                                                                     
                                    For the Three Months Ended                                                            For the Nine Months Ended
 
Sept. 30, 2010
Sept. 30, 2009
Sept. 30, 2010
Sept. 30, 2009
Sales
$ 0
$   182
$ 2,966
$ 3,221
         
Raw materials cost
  0
     58
635
    819
         
General and administrative expenses
4,491
  4,215
24,728
26,108
         
Depreciation
  2,227
  2,227
6,681
$ 6,681
         
Interest Expense
265
   -0-
294
    -0-
         
Other income
2
    5
13
    53
         
Income (loss) before
Income tax expense
(benefit)
  (6,981)
(6,313)
(29,359)
(30,334)
         
Income tax expense
(benefit)
 -0-
-0-
-0-
-0-
         
   Net Income (loss)
$ (6,981)
$(6,313)
$(29,359)
$(30,334)
 
       



Page 10

 

 

 

Three months ended September 30, 2010 and September 30, 2009.

Sales. Sales for the 2010 period were $0 as compared to $182 in the 2009 period due to zero orders from customers in the 2010 period.


Raw Materials Cost.  Raw materials cost in the 2010 period was $0 compared to $58 in the 2009 period due to zero sales in the 2010 period.


Selling, General and Administrative Expenses.  Our selling, general and administrative expenses were $4491 in the 2010 period, compared to $4,215 in
the 2009 period, due to higher insurance, office and payroll tax expenses, offset by lower legal and compensation expenses.

Net loss. As a result of foregoing, our net loss [increased] to $(6,981) or  ($0.04) per share (basic and diluted), for the three months ended September 30, 2010, as compared with a net loss of $(6,313) or $(0.04) per share (basic and diluted), for the three months ended September 30, 2009.


Nine months ended September 30, 2010 and September 30, 2009.

Sales.  Sales for the 2010 period were $2966 as compared to $3,221 in the 2009 period.  The decrease in revenue was due to fewer orders from customers in the 2010 period.

Raw Materials Cost.  Raw materials cost in the 2010 period was $635 compared to $819 in the 2009 period due to decreased sales in the 2010 period.

General and Administrative Expenses.   Our general and administrative expenses in the 2010 period were $24,728 compared to $26,108 in the 2009 period principally due to lower legal expenses.

Net loss. As a result of foregoing, our net loss was ($29,359) or ($0.18) per share (basic and diluted), for the nine months ended September 30, 2010, as compared with a net loss of ($30,334) or $(0.19) per share (basic and diluted), for the nine months ended September 30, 2009.

Inflation has not had a material impact on our sales or net loss during the nine months ended September 30, 2010 or September 30, 2009.

The Company does not believe that the current recession has or will have a material adverse effect on its business, although no assurances can be given with respect to the future impact of the recession.

LIQUIDITY AND CAPITAL RESOURCES

Since our inception, we have funded our operations from the sale of common stock to our founders and in connection with the private placement which closed in December 2007 ("Private Placement") and from cash from operations.  As of September 30, 2010, we had net working capital of $10,436 as compared to net working capital of $12,820 as of December 31, 2009 and $17,897 as of September 30, 2009.  The current decrease from working capital as of December 31, 2009 was due to losses from operations partially offset by proceeds from a note payable to a shareholder.

We raised gross proceeds of $62,000 from the Private Placement in December 2007.  A portion was used to pay legal fees and the balance was used for working capital purposes.



Page 11
 
 

 

One of our shareholders has agreed to lend us, from time to time, up to a maximum amount of $25,000 outstanding at any one time upon our written request to the shareholder ("Agreement").  On June 21, 2010, we borrowed $20,000 pursuant to the Agreement (the “Shareholder Loan”).  The loan is due on June 21, 2012 and, as provided in the Agreement, bears interest at the rate of 5.25% (the Prime Rate on June 21, 2010 plus 2%) per annum.

Management believes that based on current levels of operations, the Shareholder Loan and anticipated growth we have enough cash to meet our anticipated cash requirements for approximately the next 12 months.

While uncertainties relating to competition exist in our business, management is not aware of any trends or events likely to have a material adverse effect on liquidity or its financial statements.  To the extent that these factors result in a decline in our revenue, our liquidity may be affected.

We may seek to borrow funds from banks or other lending institutions although we currently have no commitments for any such borrowings and no assurance  can be given that any such commitments will be obtained on terms acceptable to us.

In addition we may seek to sell additional shares of our Common Stock in a private placement or public offering or our Board of Directors may authorize the sale of our Preferred Stock.  No such stock offering is currently contemplated and no assurance can be given that any such offering will be successfully completed.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably  likely to have a current or future effect on the our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Forward Looking Statements

The following factors should be considered carefully in evaluating the Company and its business:

This Report on Form 10-Q contains certain forward-looking statements that are based on current expectations. In light of the important factors that can materially affect results, including those set forth in this paragraph and below, the inclusion of forward-looking information herein should not be regarded as a representation by the Company or any other person that the objectives or plans of the Company will be achieved. The Company may encounter competitive, technological, financial and business challenges making it more difficult than  expected to continue to develop and market its  services; the market may not accept the Company's existing and future services;  the Company may be unable to retain existing key management personnel; and there may be other  material adverse  changes in the Company's operations or business.  Assumptions relating to budgeting, marketing, and other management decisions are subjective in many respects and thus susceptible to interpretations and periodic revisions based on actual experience and business developments, the impact of which may cause the Company to alter its marketing, or other budgets, which may in turn affect the Company's financial position and results of operations.  The reader is therefore cautioned not to place undue reliance on forward-looking statements contained herein, which speak solely as of the date of this Form 10-Q.  The Company assumes no responsibility to update any forward-looking statements as a result of new information, future events, or otherwise.


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Item 3. Quantative and Qualitative Disclosures About Market Risk

Not applicable

Item 4T. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's (the "SEC") rules regulations and related forms, and that such information is accumulated and communicated to our Principal Executive Officer (who is also our Principal Financial Officer) as appropriate, to allow timely decisions regarding required disclosure.

As of September 30, 2010, we carried out an evaluation, under the supervision and with the participation of our management, including our Principal Executive Officer (who is also our Principal Financial Officer) of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this valuation, our Principal Executive Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting during our most recent fiscal quarter that have materially affected, or are reasonably likely to affect, our internal controls over financial reporting.

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

None

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3.  Defaults upon Senior Securities

Not applicable

Item 4.  (Removed and Reserved)

Item 5.  Other Information

None.

Item 6.  Exhibits

(a)  Exhibits:


31.1 Certification of Chief Executive and Chief Financial Officer pursuant to
     Section 302 Sarbanes-Oxley Act of 2002


32.1 Certification Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to
     Section 906 of the Sarbanes-Oxley Act of 2002

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EXHIBIT 31.1

CERTIFICATION

I, Alyssa Cohen, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Chocolate Candy     Creations, Inc. ("the registrant");

2.   Based on my knowledge, this quarterly 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 quarterly report;

3.   Based on my knowledge, the financial statements, and other financial information  included  in this  quarterly  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 quarterly report;

4.   The registrant’s other certifying officers and I are responsible for establishing and maintaining  disclosure controls and procedures (as defined in Exchange Act Rules  13a-15(e) and 15(d)-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 to ensure that material information relating to the registrant, or caused such disclosure controls and procedures to be disclosed under our supervision, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly 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 quarterly 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.

5.   The registrant's other certifying officers 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 data; 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 10, 2010


/s/ Alyssa Cohen
    Alyssa Cohen
    Chief Executive Officer and Chief Financial Officer
   (principal executive officer and principal accounting officer)

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EXHIBIT 32.1

CHOCOLATE CANDY CREATIONS, INC.

   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 Chocolate Candy Creations, Inc. (the "Company") on Form 10-Q for the period ending September 30, 2010 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Alyssa Cohen, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss. 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.   To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company as of the period covered by the Report.




/s/ Alyssa Cohen
    Alyssa Cohen
    Chief Executive Officer and Chief Financial Officer
    (principal executive officer and principal accounting officer)

November 10, 2010

SIGNATURES


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


                          CHOCOLATE CANDY CREATIONS, INC.


                        /s/ Alyssa Cohen
                            --------------------------------------
                            Alyssa Cohen
                            Chief Executive Officer and Chief Financial Officer


Dated:  November 10, 2010


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