0001010549-12-001201.txt : 20121114 0001010549-12-001201.hdr.sgml : 20121114 20121114113120 ACCESSION NUMBER: 0001010549-12-001201 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Healthway Shopping Network CENTRAL INDEX KEY: 0001479014 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-NONSTORE RETAILERS [5960] IRS NUMBER: 753262502 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-166983 FILM NUMBER: 121202007 BUSINESS ADDRESS: STREET 1: 802 OLD DIXIE HWY #2 CITY: LAKE PARK STATE: FL ZIP: 33403 BUSINESS PHONE: 561-842-9600 MAIL ADDRESS: STREET 1: 802 OLD DIXIE HWY #2 CITY: LAKE PARK STATE: FL ZIP: 33403 10-Q 1 hsn10q093012.htm HEALTHWAY SHOPPING NETWORK hsn10q093012.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
x
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:
 
For the quarterly period ended September 30, 2012
 
o
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: 333-166983
Healthway Shopping Network, Inc.
(Exact name of registrant as specified in its charter)
Florida
75-3262502
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
802 Old Dixie Hwy #2,  Lake Park, FL  33403
(Address of principal executive offices) (Zip Code)

(877) 564-4976
(Registrant’s telephone number, including area code)
   
Indicate by check mark whether the issuer (1) has 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. o 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 (§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). x Yes o No
 
Indicate by check mark whether the registrant is a large accelerated file, 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
o
 
Accelerated filer
o
Non-accelerated filer
o
(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). o Yes  No x
 
As of September 30, 2012, there were 190,100,000 shares of the issuer's $.0000001 par value common stock issued and outstanding.


 
 

 

   
TABLE OF CONTENTS
PART I
FINANCIAL INFORMATION
   
Page
Item 1.
Financial Statements
3
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
12
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
13
Item 4.
Controls and Procedures
13
     
PART II
OTHER INFORMATION
     
Item 1.
Legal Proceedings
14
Item 1A.
Risk Factors
14
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
14
Item 3.
Defaults Upon Senior Securities
14
Item 4.
Mine Safety Disclosures
14
Item 5.
Other Information
14
Item 6.
Exhibits
14

 
 
2

 
 
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements

Healthway Shopping Network, Inc.
 
(A Development Stage Company)
 
Condensed Balance Sheet
 
September 30, 2012 and December 31, 2011
 
             
             
             
             
ASSETS
 
             
   
September 30, 2012
   
December 31, 2011
 
             
   
(Unaudited)
       
             
             
             
NONE
 
             
             
             
LIABILITIES AND STOCKHOLDERS' EQUITY
 
             
Liabilities
           
Accounts payable and accrued expenses
  $ 9,173     $ 7,673  
Loan payable - shareholder
    57,626       57,626  
Loan payable - related party
    3,100       3,100  
Total current liabilities
    69,899       68,399  
                 
Stockholders' Deficit:
               
Common stock, $0.0000001 par value; 200,000,000 shares authorized,
               
190,100,000 shares issued and outstanding
    19       19  
Additional paid in capital
    14,829       14,829  
Deficit accumulated during development stage
    (84,747 )     (83,247 )
      (69,899 )     (68,399 )
                 
    $ -     $ -  

 
See accompanying notes to financial statements.
 
 
 
3

 
 
 
Healthway Shopping Network, Inc.
 
(A Development Stage Company)
 
Condensed Statements of Operations
 
For the Nine Months Ended September 30, 2012 and 2011 and for the Period
 
From January 11, 2008 (Inception) to September 30, 2012
 
                               
   
   
 
    From January                           
    11, 2008               
    (Inception) to     
For the Three Months Ended
   
For the Nine Months Ended 
 
    September 30,       September 30,      September 30,   
    2012     
2012
   
2011
   
2012
   
2011
 
                               
Revenue, net
  $ -     $ -     $ -     $ -     $ -  
Cost of goods sold
    16       -       -       -       -  
Gross income
    (16 )     -       -       -       -  
                                         
Expenses:
                                       
General and administrative expenses
    84,731       500       (19,680 )     1,500       1,800  
      84,731       500       (19,680 )     1,500       1,800  
                                         
Net loss
  $ (84,747 )   $ (500 )   $ 19,680     $ (1,500 )   $ (1,800 )
                                         
Loss per common share - Basic and
                                       
fully diluted
  $ (0.00 )   $ (0.00 )   $ 0.00     $ (0.00 )   $ (0.00 )
                                         
Weighted average number of shares
                                       
outstanding - Basic and fully diluted
    18,959,537       190,100,000       189,572,527       190,100,000       190,100,000  
 
 
 
See accompanying notes to financial statements.
 
 
 
4

 
 
Healthway Shopping Network, Inc.
(A Development Stage Company)
Statement of Stockholders' Equity
For the Period from January 11, 2008 (Inception) to September 30, 2012
 
                     
 
    Accumulated        
                Additional           Deficit During     Total  
   
Common Stock
    Paid in     Subscription     Development     Stockholders'  
   
Shares
   
Amount
    Capital    
Receivable
   
Stage
   
Deficiency
 
January 11, 2008 - Issuance of common
                                   
stock to founders at $.0000001 per share
    188,990,000     $ 19     $ 40     $ -     $ -     $ 59  
Shares issued for cash at $0.01 and $0.04 per share
    60,000       -       675       -       -       675  
Shares issued for cash at $0.04 per share
    30,000       -       1,200       -       -       1,200  
Shares issued for cash at $0.04 per share
    10,000       -       400       -       -       400  
Shares issued for cash at $0.04 per share
    10,000       -       10       -       -       10  
Subscription receivable
                            (40 )     -       (40 )
Net loss
    -       -       -       -       (42,969 )     (42,969 )
Balance - December 31, 2008
    189,100,000       19       2,325       (40 )     (42,969 )     (40,665 )
                                                 
Adjustment to subscription agreement
    -       -       4       (4 )     -       -  
Net loss
    -       -       -       -       (5,747 )     (5,747 )
Balance - December 31, 2009
    189,100,000       19       2,329       (44 )     (48,716 )     (46,412 )
                                                 
Payment of subscription receivable
    -       -       -       44       -       44  
Shares issued for cash at $0.0125 per share
    1,000,000       -       12,500       -       -       12,500  
Net loss
    -       -       -       -       (29,831 )     (29,831 )
Balance - December 31, 2010
    190,100,000       19       14,829       -       (78,547 )     (63,699 )
                                                 
Net loss
    -       -       -       -       (4,700 )     (4,700 )
Balance - December 31, 2011
    190,100,000       19       14,829       -       (83,247 )     (68,399 )
                                                 
Net loss
    -       -       -       -       (1,500 )     (1,500 )
Balance - September 30, 2012
    190,100,000     $ 19     $ 14,829     $ -     $ (84,747 )   $ (69,899 )
 
 
 
 
 
 
5

 
 
Healthway Shopping Network, Inc.
 
(A Development Stage Company)
 
Condensed Statements of Cash Flows
 
For the Nine Months Ended September 30, 2012 and 2011 and for the Period
 
From January 11, 2008 (Inception) to September 30, 2012
 
   
 
   
 
 
    From January              
    11, 2008              
    (Inception) to     For the Nine Months Ended  
    September 30,     September 30,  
    2012       2012       2011  
                         
Cash flows from operating activities:
                       
Net loss
  $ (84,747 )   $ (1,500 )   $ (1,800 )
Adjustments to reconcile net loss to net cash used
                       
by operating activities:
                       
Bank overdraft
    -       -       (2,467 )
Accounts payable and accrued expenses
    9,173       1,500       1,799  
Net cash used by operating activities
    (75,574 )     -       (2,468 )
                         
Cash flows from financing activities:
                       
Proceeds from issuance of common stock
    14,848       -       -  
Shareholder's loan
    57,626       -       2,468  
Loan payable - related party
    3,100       -       -  
Net cash provided by financing activities
    75,574       -       2,468  
                         
Net increase in cash
    -       -       -  
Cash at beginning of period
    -       -       -  
Cash at end of period
  $ -     $ -     $ -  
                         
Supplemental cash flow information:
                       
Cash paid during the period for:
                       
Interest
  $ -     $ -     $ -  
Income taxes
  $ -     $ -     $ -  
 
See accompanying notes to financial statements.
 
 
 
6

 
 
 

- 6 -
 
Healthway Shopping Network, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2012
 
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Organization
The Company was incorporated in the state of Florida on January 11, 2008. The Company is currently in the development stage but plans to be engaged in sales of various holistic, natural, organic and other health remedies and foods. The Company will provide fast, reliable assistance to individuals seeking to improve their health naturally.
 
Basis of Presentation
The accompanying unaudited financial statements of Healthway Shopping Network, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. The unaudited financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2011.
 
The balance sheet at December 31, 2011 has been derived from the audited financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and notes thereto for the fiscal year ended December 31, 2011.
 
Revenue Recognition
In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:
 
Revenue will be recognized at the time the product is delivered or services are performed. Provision for sales returns will be estimated based on the Company's historical return experience. Revenue will be presented net of returns.
 
Net Loss Per Common Share
Basic net (loss) income per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net (loss) income per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at September 30, 2012.
 

 
7

 
 
Healthway Shopping Network, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2012
 
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
 
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
 
Segment Information
The Company follows Accounting Standards Codification ("ASC") 280, "Segment Reporting". The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
 
Income Taxes
Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities.
 
ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority.
 
Stock-Based Compensation
The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates.
 
Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.
 
 
 
8

 
 
Healthway Shopping Network, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2012
 
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recent Pronouncements
 
In May 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (IFRS).” This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level three fair value measurements. This pronouncement is effective for reporting periods beginning on or after December 15, 2011. The adoption of ASU 2011-04 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.
 
In June 2011, the FASB issued guidance on the presentation of comprehensive income. This guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. The guidance allows two presentation alternatives; present items of net income and other comprehensive income in (1) one continuous statement, referred to as the statement of comprehensive income, or (2) in two separate, but consecutive, statements of net income and other comprehensive income. This guidance is effective as of the beginning of a fiscal year that begins after December 15, 2011. Early adoption is permitted, but full retrospective application is required under both sets of accounting standards. The Company is currently evaluating which presentation alternative it will utilize.
 
In August 2011, the FASB approved a revised accounting standard update intended to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting standard update will be effective for the Company beginning in the first quarter of fiscal 2013 and early adoption is permitted.
 
Note 2. STOCKHOLDERS' (DEFICIT)
 
At inception, the Company issued 188,990,000 shares of its common stock to the founders of the Company for cash of $59.
In February 2008 the Company issued 57,500 shares of its common stock at $0.01 per share. In February 2008 the Company issued 2,500 shares of its common stock at $0.04 per share. In July 2008 the Company issued 30,000 shares of its common stock at $0.04 per share.
 
 
 
9

 

Healthway Shopping Network, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2012
 
Note 2. STOCKHOLDERS' (DEFICIT) (continued)
 
In July 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.
 
In August 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.
 
In May 2010 the Company issued 1,000,000 shares of its common stock at $0.0125 per share.
 
Note 3. INCOME TAXES
 
The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the nine months ended September 30, 2012. The sources and tax effects of the differences are as follows:
 
Income tax provision at the federal statutory rate
    15 %
Effect of operating losses
    (15 ) %
      0 %
 
As of September 30, 2012, the Company has a net operating loss carryforward of approximately $84,000. This loss will be available to offset future taxable income. If not used, this carryforward will begin to expire in 2028. The deferred tax asset relating to the operating loss carryforward has been fully reserved at September 30, 2012.
 
Note 4. LOAN PAYABLE - SHAREHOLDER
 
Cleveland Gary, the Company’s President, loaned the Company $ -0- and $12,860 during the nine months ended September 30, 2012 and the year ended December 31, 2010, respectively. The loan bears no interest and is due on demand.
 
Note 5. LOAN PAYABLE - RELATED PARTY
 
A related party, through common management, loaned the Company $3,100 in April 2010. The loan bears no interest and is due on demand.
 
Note 6. BASIS OF REPORTING
 
The Company's financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.
 
The Company has experienced a loss from operations during its development stage as a result of its investment necessary to achieve its operating plan, which is long-range in nature. For the period from inception to September 30, 2012, the Company incurred a net loss of approximately $85,000. In addition, the Company has no significant assets or revenue generating operations.
 

 
 
10

 
 
Healthway Shopping Network, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2012
 
Note 6. BASIS OF REPORTING (continued)
 
The Company's ability to continue as a going concern is contingent upon its ability to attain profitable operations by securing financing and implementing its business plan. Certain current stockholders are prepared to fund the Company's operations for the next twelve months should the Company be unable to secure financing through private placements and/or by obtaining adequate credit facilities from financial institutions. In addition, the Company's ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.
 
The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

 
 
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
 
This following information specifies certain forward-looking statements of management of the company. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as “may,” “shall,” “could,” “expect,” “estimate,” “anticipate,” “predict,” “probable,” “possible,” “should,” “continue,” or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guarantee, or warranty is to be inferred from those forward-looking statements.
 
The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. We cannot guarantee that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements.
Critical Accounting Policy and Estimates.

Our Management’s Discussion and Analysis of Financial Condition and Results of Operations section discusses our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, accrued expenses, financing operations, and contingencies and litigation. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The most significant accounting estimates inherent in the preparation of our financial statements include estimates as to the appropriate carrying value of certain assets and liabilities which are not readily apparent from other sources. These accounting policies are described at relevant sections in this discussion and analysis and in the notes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011 and this Quarterly Report on Form 10-Q for the period ended September 30, 2012.

Overview. Healthway Shopping Network, Inc. (“We” or the “Company”) was incorporated in the State of Florida on January 11, 2008. We were formed to be a television, Internet, and retail sales company that focused on selling health products to the general public on Television, Internet TV and  Internet.  The company has just received notice  from the Securities and Exchange Commission that their S1 Registration is effective on March 19, 2012.
The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements for the period ended September 30, 2012, together with notes thereto, which are included in this report.

 
 
 
12

 
 
For the three months ended September  30, 2012
 
Results of Operations.
Revenues. Healthway Shopping Network has generated no revenues for the three months ended September 30, 2012, as compared to the same no revenues for the three months ended September 30, 2011. The Company is in a Developmental Stage and anticipates revenues in the future quarters as they begin funding the company through the sales of the shares declared effective on March 19, 2012.  We expect to generate more significant revenues as we continue to grow our operations and increase television and internet coverage and household viewing areas..
 
Operating Expenses. For the three months ended Semptember 30, 2012, our total operating expenses have been very controlled and were limited to direct costs associated with the requirements to maintain the effective registration of shares to be sold to raise funds to fund the business operations.  Officers did not receive salaries during this period.
 
Net Income (Loss). For the three months ended September  30, 2012, there was a net loss from operations.  The net loss from operations for the quarters ending September  30, 2012 and September  30, 2011 were $500 and $19680, respectively.  Our operating expenses for the quarter ended September  30, 2012 were comprised of the costs to maintain a public company filings.
 
Liquidity and Capital Resources. As of September  30, 2012, we had total current liabilities of $69,899, which were represented by accounts payable and accrued expenses of $9,173 and loans from stockholder and related party of $57,626 and $3,100 respectively. The accounts payable and accrued expenses are comprised primarily of legal fees payable. The loans from stockholder are payable to Cleveland Gary, our officer and director. Per the terms of the notes, the loans are due upon demand and accrue no interest. The loan funds are to be used for working capital purposes. We had no other long term liabilities, commitments or contingencies as of September  30, 2012.

During 2012, we expect to incur significant legal and accounting costs as a result of being a public company. We also expect to generate more significant revenues from the sale of our health related products in the next twelve months. Those anticipated increases in sales will require additional funds to pay for the costs of the goods sold. Our legal and accounting costs and the costs of goods sold will be higher as our business volume and activity increases. Other than the anticipated increases in legal and accounting costs due to the reporting requirements of being a reporting company and increases in the costs of goods sold, we are not aware of any other known trends, events or uncertainties, which may affect our future liquidity.

We have no cash as of September  30, 2012. In the opinion of management, available funds will not satisfy our working capital requirements to operate at our current level of activity for the next twelve months. Our forecast for the period for which our financial resources will be adequate to support our operations involves risks and uncertainties and actual results could fail as a result of a number of factors. We will need to raise additional capital to expand our operations significantly. Cleveland Gary, our officer and director, has provided loans to us to finance operations and we expect Mr. Gary will continue to do so, although he is not obligated to provide those loans. We are not currently conducting any research and development activities. We do not anticipate conducting such activities in the near future. In the event that we expand our customer base, then we may need to hire additional employees or independent contractors as well as purchase or lease additional equipment. Our management believes that we do not require the services of independent contractors to operate at our current level of activity.

Off-Balance Sheet Arrangements. We have no off-balance sheet arrangements.
 
Item 3. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
 
Item 4. Controls and Procedures.
Evaluation of disclosure controls and procedures. We maintain controls and procedures that are designed to ensure that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 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 officers, as appropriate, to allow timely decisions regarding required disclosures. Based upon their evaluation of those controls and procedures performed as of the end of the period covered by this report, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective.
 
Changes in internal controls. There were no changes in our internal control over financial reporting that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
 
 
13

 
 
PART II — OTHER INFORMATION
Item 1. Legal Proceedings.
None.
 
Item 1A. Risk Factors.
Not applicable.
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
None.
 
Item 3. Defaults Upon Senior Securities.
None.
 
Item 4. Mine Safety Disclosures.
Not applicable.
Item 5. Other Information.
The information set forth below is included herewith for the purpose of providing the disclosures required under “Item 8.01 - Other Events” of Form 8-K.

We currently have a corporate website, located at www.healthwayshoppingnetwork.com. Our website provides a link to our retail health products in an ecommerce portal. In addition, our corporate website will host the Company’s Annual, Quarterly and Current Reports filed with the Securities and Exchange Commission, as well as corresponding XBRL Interactive Data Files within the next 60 days. Our corporate website also lists the Company’s contact information.
 
Item 6. Exhibits.
31.1
Certification of Principal Executive and Financial Officer, pursuant to Rule 13a-14 and 15d-14 of the Securities Exchange Act of 1934
32.1
Certification of Principal Executive and Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.ins
XBRL Instance Document
101.sch
XBRL Taxonomy Schema Document
101.cal
XBRL Taxonomy Calculation Linkbase Document
101.def
XBRL Taxonomy Definition Linkbase Document
101.lab
XBRL Taxonomy Label Linkbase Document
101.pre
XBRL Taxonomy Presentation Linkbase Document



 
14

 


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.
 
 
Healthway Shopping Network, Inc.,
a Florida corporation
 
       
November 14, 2012
By:
/s/ Cleveland Gary
 
   
Cleveland Gary
Chief Executive Officer, President, Chief Financial Officer, Secretary and a Director
(Principal Executive, Financial and Accounting Officer)
 

 
 
 
 
15

 
EX-31.1 2 hsn10qex311093012.htm hsn10qex311093012.htm
Exhibit 31.1
Certification of Principal Executive and Financial Officer,
pursuant to Rule 13a-14 and 15d-14 of the Securities Exchange Act of 1934

I, Cleveland Gary, certify that:
 
1.
I have reviewed this quarterly report on Form 10-Q of Healthway Shopping Network, 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/ Cleveland Gary
       
Cleveland Gary
       
Chief Executive Officer, Chief Financial Officer, President
(Principal Executive and Financial Officer)
       

 
EX-32.1 3 hsn10qex321093012.htm hsn10qex321093012.htm
Exhibit 32.1
Certification of Principal Executive and Financial Officer
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 Healthway Shopping Network, Inc. a Florida corporation (the “Company”) on Form 10-Q for the period ending September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Cleveland Gary, Chief Executive Officer and Chief Financial Officer of the Company, certifies to the best of his knowledge, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 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.
 
A signed original of this written statement required by Section 906 has been provided to Healthway Shopping Network, Inc., and will be retained by Healthway Shopping Network, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.
         
/s/ Cleveland Gary
       
Cleveland Gary
       
Chief Executive Officer, Chief Financial Officer, President
(Principal Executive and Financial Officer)
       
November 14, 2012
       

 
EX-101.INS 4 hwsn-20120930.xml 0001479014 2012-01-01 2012-09-30 0001479014 2012-09-30 0001479014 2011-12-31 0001479014 2008-01-11 2012-09-30 0001479014 2012-07-01 2012-09-30 0001479014 2011-07-01 2011-09-30 0001479014 2011-01-01 2011-09-30 0001479014 2008-01-10 0001479014 2010-12-31 0001479014 2011-09-30 0001479014 us-gaap:CommonStockMember 2008-01-11 2008-12-31 0001479014 us-gaap:CommonStockMember 2008-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2008-01-11 2008-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2008-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2008-01-11 2008-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2008-12-31 0001479014 us-gaap:RetainedEarningsMember 2008-01-11 2008-12-31 0001479014 us-gaap:RetainedEarningsMember 2008-12-31 0001479014 2008-01-11 2008-12-31 0001479014 2008-12-31 0001479014 us-gaap:CommonStockMember 2009-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2009-01-01 2009-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2009-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2009-01-01 2009-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2009-12-31 0001479014 us-gaap:RetainedEarningsMember 2009-01-01 2009-12-31 0001479014 us-gaap:RetainedEarningsMember 2009-12-31 0001479014 2009-01-01 2009-12-31 0001479014 2009-12-31 0001479014 us-gaap:CommonStockMember 2010-01-01 2010-12-31 0001479014 us-gaap:CommonStockMember 2010-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2010-01-01 2010-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2010-01-01 2010-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2010-12-31 0001479014 us-gaap:RetainedEarningsMember 2010-01-01 2010-12-31 0001479014 us-gaap:RetainedEarningsMember 2010-12-31 0001479014 2010-01-01 2010-12-31 0001479014 us-gaap:CommonStockMember 2011-12-31 0001479014 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001479014 us-gaap:ReceivablesFromStockholderMember 2011-12-31 0001479014 us-gaap:RetainedEarningsMember 2011-01-01 2011-12-31 0001479014 us-gaap:RetainedEarningsMember 2011-12-31 0001479014 2011-01-01 2011-12-31 0001479014 us-gaap:CommonStockMember 2012-09-30 0001479014 us-gaap:AdditionalPaidInCapitalMember 2012-09-30 0001479014 us-gaap:ReceivablesFromStockholderMember 2012-09-30 0001479014 us-gaap:RetainedEarningsMember 2012-01-01 2012-09-30 0001479014 us-gaap:RetainedEarningsMember 2012-09-30 0001479014 us-gaap:MinimumMember 2008-12-31 0001479014 us-gaap:MaximumMember 2008-12-31 0001479014 us-gaap:MaximumMember 2010-05-31 0001479014 HWSN:FoundersSharesMember 2008-01-01 2008-01-31 0001479014 HWSN:FoundersSharesMember 2008-01-31 0001479014 us-gaap:CommonStockMember 2008-02-01 2008-02-15 0001479014 us-gaap:CommonStockMember 2008-02-16 2008-02-28 0001479014 us-gaap:CommonStockMember 2008-07-01 2008-07-15 0001479014 us-gaap:CommonStockMember 2008-07-16 2008-07-31 0001479014 us-gaap:CommonStockMember 2008-08-16 2008-08-31 0001479014 us-gaap:CommonStockMember 2010-05-01 2010-05-31 0001479014 us-gaap:CommonStockMember 2008-02-15 0001479014 us-gaap:CommonStockMember 2008-02-28 0001479014 us-gaap:CommonStockMember 2008-07-15 0001479014 us-gaap:CommonStockMember 2008-07-31 0001479014 us-gaap:CommonStockMember 2008-08-31 0001479014 us-gaap:CommonStockMember 2010-05-31 0001479014 2010-04-01 2010-04-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure Healthway Shopping Network 0001479014 10-Q 2012-09-30 false --12-31 No No Yes Smaller Reporting Company Q3 2012 190100000 9173 7673 57626 57626 3100 3100 69899 68399 14829 14829 84747 83247 -69899 -68399 -63699 19 2325 -40 -42969 -40665 19 2329 -44 -48716 -46412 19 14829 -78547 19 14829 -83247 19 14829 -84757 19 19 0.0000001 0.0000001 200000000 200000000 190100000 190100000 190100000 190100000 16 -16 1500 84731 500 -19680 1800 -1500 -84747 -500 19680 -1800 -42969 -42969 -5747 -5747 -29831 -29831 -4700 -4700 -1500 1500 84731 500 -19680 1800 -0.00 -0.00 -0.00 0.00 -0.00 190100000 18959537 190100000 189572527 190100000 -2467 1500 9173 1799 0 -75574 -2468 14848 -57626 -2468 3100 0 75574 2468 19 40 59 110000 1000000 188900000 57500 2500 30000 10000 10000 1000000 -40 -40 4 -4 44 44 0.01 0.04 0.0125 59 0.01 0.04 0.04 0.04 0.04 0.0125 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Organization</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company was incorporated in the state of Florida on January 11, 2008. The Company is currently in the development stage but plans to be engaged in sales of various holistic, natural, organic and other health remedies and foods. The Company will provide fast, reliable assistance to individuals seeking to improve their health naturally.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Basis of Presentation</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The accompanying unaudited financial statements of Healthway Shopping Network, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. The unaudited financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2011.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The balance sheet at December 31, 2011 has been derived from the audited financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and notes thereto for the fiscal year ended December 31, 2011.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Revenue Recognition</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Revenue will be recognized at the time the product is delivered or services are performed. Provision for sales returns will be estimated based on the Company's historical return experience. Revenue will be presented net of returns.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Net Loss Per Common Share</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Basic net (loss) income per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net (loss) income per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and <font style="display: inline; font: 10pt Times New Roman">restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at September 30, 2012.</font></font></div> <div>&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Use of Estimates</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Segment Information</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company follows Accounting Standards Codification ("ASC") 280, "Segment Reporting". The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Income Taxes</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Stock-Based Compensation</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In May 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-04, &#8220;Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (IFRS).&#8221; This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level three fair value measurements. This pronouncement is effective for reporting periods beginning on or after December 15, 2011. The adoption of ASU 2011-04 is not expected to have a significant impact on the Company&#8217;s consolidated financial position or results of operations.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In June 2011, the FASB issued guidance on the presentation of comprehensive income. This guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. The guidance allows two presentation alternatives; present items of net income and other comprehensive income in (1) one continuous statement, referred to as the statement of comprehensive income, or (2) in two separate, but consecutive, statements of net income and other comprehensive income. This guidance is effective as of the beginning of a fiscal year that begins after December 15, 2011. Early adoption is permitted, but full retrospective application is required under both sets of accounting standards. The Company is currently evaluating which presentation alternative it will utilize.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In August 2011, the FASB approved a revised accounting standard update intended to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting standard update will be effective for the Company beginning in the first quarter of fiscal 2013 and early adoption is permitted.</font></div></div></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Organization</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company was incorporated in the state of Florida on January 11, 2008. The Company is currently in the development stage but plans to be engaged in sales of various holistic, natural, organic and other health remedies and foods. The Company will provide fast, reliable assistance to individuals seeking to improve their health naturally.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Basis of Presentation</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The accompanying unaudited financial statements of Healthway Shopping Network, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. The unaudited financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2011.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The balance sheet at December 31, 2011 has been derived from the audited financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and notes thereto for the fiscal year ended December 31, 2011.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Revenue Recognition</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Revenue will be recognized at the time the product is delivered or services are performed. Provision for sales returns will be estimated based on the Company's historical return experience. Revenue will be presented net of returns.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Net Loss Per Common Share</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Basic net (loss) income per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net (loss) income per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and <font style="display: inline; font: 10pt Times New Roman">restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at September 30, 2012.</font></font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Use of Estimates</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Segment Information</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company follows Accounting Standards Codification ("ASC") 280, "Segment Reporting". The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Income Taxes</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman"><font style="display: inline; text-decoration: underline">Stock-Based Compensation</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 2. STOCKHOLDERS' (DEFICIT)</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">At inception, the Company issued 188,990,000 shares of its common stock to the founders of the Company for cash of $59.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 14.4pt"><font style="display: inline; font: 10pt Times New Roman">In February 2008 the Company issued 57,500 shares of its common stock at $0.01 per share. In February 2008 the Company issued 2,500 shares of its common stock at $0.04 per share. In July 2008 the Company issued 30,000 shares of its common stock at $0.04 per share.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 14.4pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In July 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In August 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">In May 2010 the Company issued 1,000,000 shares of its common stock at $0.0125 per share.</font></div></div></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 3. INCOME TAXES</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the nine months ended September 30, 2012. The sources and tax effects of the differences are as follows:</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: left"> <table cellpadding="0" cellspacing="0" style="width: 75%; font: 10pt times new roman"> <tr style="background-color: aliceblue"> <td style="text-align: left; vertical-align: bottom; width: 88%"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Income tax provision at the federal statutory rate</font></div> </td> <td style="text-align: right; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right"><font style="display: inline; font: 10pt times new roman">15 </font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">%</font></td> </tr><tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; width: 88%; padding-bottom: 4px"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Effect of operating losses</font></div> </td> <td style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; border-bottom: black 4px double; text-align: right"><font style="display: inline; font: 10pt times new roman">(15</font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">) %</font></td> </tr><tr style="background-color: aliceblue"> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160; </font></td> <td style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; border-bottom: black 4px double; text-align: right"><font style="display: inline; font: 10pt times new roman">0 </font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">%</font></td> </tr></table> </div> <div style="text-indent: 0pt; display: block">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">As of September 30, 2012, the Company has a net operating loss carryforward of approximately $84,000. This loss will be available to offset future taxable income. If not used, this carryforward will begin to expire in 2028. The deferred tax asset relating to the operating loss carryforward has been fully reserved at September 30, 2012.</font></div></div></div> <table cellpadding="0" cellspacing="0" style="width: 75%; font: 10pt times new roman"> <tr style="background-color: aliceblue"> <td style="text-align: left; vertical-align: bottom; width: 88%"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Income tax provision at the federal statutory rate</font></div> </td> <td style="text-align: right; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right"><font style="display: inline; font: 10pt times new roman">15 </font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">%</font></td> </tr><tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; width: 88%; padding-bottom: 4px"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Effect of operating losses</font></div> </td> <td style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; border-bottom: black 4px double; text-align: right"><font style="display: inline; font: 10pt times new roman">(15</font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">) %</font></td> </tr><tr style="background-color: aliceblue"> <td style="vertical-align: bottom; width: 88%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160; </font></td> <td style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 9%; border-bottom: black 4px double; text-align: right"><font style="display: inline; font: 10pt times new roman">0 </font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">%</font></td> </tr></table> 0.15 -0.15 0.00 84000 12/31/2028 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 4. LOAN PAYABLE - SHAREHOLDER</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">Cleveland Gary, the Company&#8217;s President, loaned the Company $ -0- and $12,860 during the nine months ended September 30, 2012 and the year ended December 31, 2010, respectively. The loan bears no interest and is due on demand.</font></div></div></div> 0 12860 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 5. LOAN PAYABLE - RELATED PARTY</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">A related party, through common management, loaned the Company $3,100 in April 2010. The loan bears no interest and is due on demand.</font></div></div></div> 3100 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: justify"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Note 6. BASIS OF REPORTING</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company's financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company has experienced a loss from operations during its development stage as a result of its investment necessary to achieve its operating plan, which is long-range in nature. For the <font style="display: inline; font: 10pt Times New Roman">period from inception to September 30, 2012, the Company incurred a net loss of approximately $85,000. In addition, the Company has no significant assets or revenue generating operations.</font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The Company's ability to continue as a going concern is contingent upon its ability to attain profitable operations by securing financing and implementing its business plan. Certain current stockholders are prepared to fund the Company's operations for the next twelve months should the Company be unable to secure financing through private placements and/or by obtaining adequate credit facilities from financial institutions. In addition, the Company's ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt">&#160;</div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.</font></div></div></div> 85000 188990000 189100000 189100000 190100000 190100000 190100000 2285 2285 12500 12500 EX-101.SCH 5 hwsn-20120930.xsd 0001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0002 - Statement - Condensed Balance Sheets link:presentationLink link:calculationLink link:definitionLink 0003 - Statement - Condensed Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0004 - Statement - Condensed Statements of Operations link:presentationLink link:calculationLink link:definitionLink 0005 - Statement - Statement of Stockholders Equity link:presentationLink link:calculationLink link:definitionLink 0006 - Statement - Statement of Stockholders Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0007 - Statement - Condensed Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 0008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 0009 - Disclosure - Stockholders' Deficit link:presentationLink link:calculationLink link:definitionLink 0010 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 0011 - Disclosure - Loan Payable - Shareholder link:presentationLink link:calculationLink link:definitionLink 0012 - Disclosure - Loan Payable - Related Party link:presentationLink link:calculationLink link:definitionLink 0013 - Disclosure - Basis of Reporting link:presentationLink link:calculationLink link:definitionLink 0014 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 0015 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 0016 - Disclosure - Cumulative Sales of Stock (Details) link:presentationLink link:calculationLink link:definitionLink 0017 - Disclosure - Income Taxes - Statutory federal income tax rate to income before provision for income taxes (Details) link:presentationLink link:calculationLink link:definitionLink 0018 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0019 - Disclosure - Loan Payable - Shareholder (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0020 - Disclosure - Loan Payable - Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0021 - Disclosure - Basis of Reporting (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 hwsn-20120930_cal.xml EX-101.DEF 7 hwsn-20120930_def.xml EX-101.LAB 8 hwsn-20120930_lab.xml Common Stock StatementEquityComponents [Axis] Additional Paid-In Capital Subscription Receivable Accumulated Deficit During Development Stage Minimum Range [Axis] Maximum Founders Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Accounts payable and accrued expenses Loan payable - shareholder Loan payable - related party Total current liabilities Stockholders' Deficit: Common stock, $0.0000001 par value; 200,000,000 shares authorized,190,100,000 shares issued and outstanding Additional paid in capital Deficit accumulated during development stage Total Stockholders' Equity Total Liabilities and Stockholders' Equity Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenue, net Cost of goods sold Gross income Expenses: General and administrative expenses Total Expenses Net loss Loss per common share - Basic and fully diluted Weighted average number of shares outstanding - Basic and fully diluted Statement [Table] Statement [Line Items] Equity Components [Axis] Beginning Balance, Shares Beginning Balance, Amount Issuance of Common Stock to Founders, shares Issuance of Common Stock to Founders, amount Common Stock Issued , shares Common Stock Issued , amount Subscription receivable Net Loss Ending Balance, Shares Ending Balance, Amount Price Per Unit Statement of Cash Flows [Abstract] Cash flows from operating activities: Net loss Adjustments to reconcile net loss to net cash used by operating activities: Bank overdraft Accounts payable and accrued expenses Net cash used by operating activities Cash flows from financing activities: Proceeds from issuance of common stock Shareholder's loan Loan payable - related party Net cash provided by financing activities Net increase in cash Cash at beginning of period Cash at end of period Supplemental cash flow information: Cash paid during the period for: Interest Income taxes Accounting Policies [Abstract] Summary of Significant Accounting Policies Equity [Abstract] Stockholders' Deficit Income Tax Disclosure [Abstract] Income Taxes Related Party Transactions [Abstract] Loan Payable - Shareholder Loan Payable - Related Party Basis of Reporting Organization Basis of Presentation Revenue Recognition Net Loss Per Common Share Use of Estimates Segment Information Income Taxes Stock-Based Compensation Statutory federal income tax rate to income before provision for income taxes Issuance of common stock (in shares) Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] Income tax provision at the federal statutory rate Effect of operating losses Net effect Deferred Income Taxes and Other Assets [Abstract] Operating Loss Carryforward Expiration Loan Payable to shareholder Loan Received from related party Net Income (Loss) Attributable to Parent [Abstract] Net Loss Liabilities, Current Development Stage Enterprise, Deficit Accumulated During Development Stage Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Shares, Issued Increase (Decrease) in Accounts Payable and Accrued Liabilities Net Cash Provided by (Used in) Operating Activities Increase (Decrease) in Other Loans Increase (Decrease) in Notes Payable, Related Parties, Current Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, at Carrying Value Income Tax, Policy [Policy Text Block] Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Issuance Of Common Stock To Founders Shares Issuance Of Common Stock To Founders Amount Subscription Receivable Founders of the company Common Shares issued Loan Payable Shareholder Text Block EX-101.PRE 9 hwsn-20120930_pre.xml XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Deficit
9 Months Ended
Sep. 30, 2012
Equity [Abstract]  
Stockholders' Deficit
Note 2. STOCKHOLDERS' (DEFICIT)
 
At inception, the Company issued 188,990,000 shares of its common stock to the founders of the Company for cash of $59.
In February 2008 the Company issued 57,500 shares of its common stock at $0.01 per share. In February 2008 the Company issued 2,500 shares of its common stock at $0.04 per share. In July 2008 the Company issued 30,000 shares of its common stock at $0.04 per share.
 
In July 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.
 
In August 2008 the Company issued 10,000 shares of its common stock at $0.04 per share.
 
In May 2010 the Company issued 1,000,000 shares of its common stock at $0.0125 per share.
EXCEL 12 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\S8F8Q86)F-U\X,S`U7S0X-#%?839A9E]F,#0S M-C!F-S'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-O;F1E;G-E9%]3=&%T96UE;G1S7V]F7T-A#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-T;V-K:&]L9&5R#I%>&-E;%=O&5S/"]X M.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O#I7;W)K#I%>&-E;%=O&5S7U1A8FQE#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DEN8V]M95]487AE#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DQO86Y?4&%Y86)L95]3:&%R96AO;&1E#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D)A#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T'1087)T7S-B9C%A8F8W7S@S,#5?-#@T,5]A M-F%F7V8P-#,V,&8W-S'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA2!);F9O'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^665S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$2!#;VUM;VX@4W1O8VLL(%-H87)E'0^,C`Q,CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C M;&%SF5D+#$Y,"PQ,#`L,#`P('-H87)E3PO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAAF5D/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,#`L,#`P+#`P,#QS<&%N/CPO3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S8F8Q86)F-U\X,S`U M7S0X-#%?839A9E]F,#0S-C!F-S'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^)FYB'0^)FYB'0^)FYB'0^)FYB'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S8F8Q M86)F-U\X,S`U7S0X-#%?839A9E]F,#0S-C!F-S'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB'0^)FYB'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@ M(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S8F8Q86)F M-U\X,S`U7S0X-#%?839A9E]F,#0S-C!F-S'0O:'1M;#L@8VAA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!O<&5R871I M;F<@86-T:79I=&EE2!O<&5R871I;F<@86-T:79I=&EE'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^)FYB'0^)FYB6%B;&4@ M+2!R96QA=&5D('!A'0^ M)FYB'0^)FYB'0^)FYB'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^)FYB'0^)FYB'0^)FYB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O M=6YT:6YG(%!O;&EC:65S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X M=#X\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I'0M:6YD96YT.B`P<'0[(&1I'0M86QI9VXZ(&QE9G0G M/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[ M(&1I3H@8FQO8VL[ M(&UA'0M M9&5C;W)A=&EO;CH@=6YD97)L:6YE)SY/6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;B<^ M5&AE($-O;7!A;GD@=V%S(&EN8V]R<&]R871E9"!I;B!T:&4@2!I6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S M($YE=R!2;VUA;B<^/&9O;G0@3H@:6YL:6YE.R!T M97AT+61E8V]R871I;VXZ('5N9&5R;&EN92<^0F%S:7,@;V8@4')E6QE/3-$)V1I2!3:&]P<&EN9R!.971W;W)K M+"!);F,N(&AA=F4@8F5E;B!P2!A8V-E<'1E M9"!A8V-O=6YT:6YG('!R:6YC:7!L97,@:&%V92!B965N(&-O;F1E;G-E9"!O M65A3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA M>3H@8FQO8VL[(&UA6QE M/3-$)V1I6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2 M;VUA;B<^/&9O;G0@3H@:6YL:6YE.R!T97AT+61E M8V]R871I;VXZ('5N9&5R;&EN92<^4F5V96YU92!296-O9VYI=&EO;CPO9F]N M=#X\+V9O;G0^/"]D:78^#0H-"CQD:78@3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA M2!R96-O&5D(&]R(&1E=&5R;6EN86)L92P@86YD(&-O;&QE M8W1A8FEL:71Y(&ES(')E87-O;F%B;'D@87-S=7)E9"X@5&AE(&9O;&QO=VEN M9R!P;VQI8VEE6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT M.B`P<'0[(&1I2=S(&AI6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z(#!P M=#L@9&ES<&QA>3H@8FQO8VL[(&UA'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE)SY.970@ M3&]S6QE/3-$)V1I6QE M/3-$)V1I&5R8VES960@;W(@8V]N=F5R=&5D(&EN=&\@8V]M;6]N('-T;V-K+B!4:&5R M92!W97)E(&YO(&-O;6UO;B!S=&]C:R!E<75I=F%L96YT3H@8FQO8VL[(&UA'0M9&5C;W)A=&EO M;CH@=6YD97)L:6YE)SY56QE/3-$)V1I2!A8V-E M<'1E9"!I;B!T:&4@56YI=&5D(%-T871E6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&UA'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE M)SY396=M96YT($EN9F]R;6%T:6]N/"]F;VYT/CPO9F]N=#X\+V1I=CX-"@T* M/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!J=7-T:69Y.R!T97AT+6EN9&5N M=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R M9VEN+7)I9VAT.B`P<'0G/CQF;VYT('-T>6QE/3-$)V1I3L@=&5X M="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA6QE/3-$)V1I6QE/3-$)V1I3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA M>3H@8FQO8VL[(&UA"!R871E&%B;&4@:6YC;VUE+B!!('9A;'5A=&EO M;B!A;&QO=V%N8V4@:7,@"!A"!P;'5S('1H92!C:&%N9V4@:6X@9&5F97)R M960@=&%X(&%S6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD M96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES M<&QA>3H@8FQO8VL[(&UA2!T;R!F:7)S="!D971E&EN9R!A=71H;W)I=&EEF5D(&%T('1H92!L87)G97-T(&%M M;W5N="!O9B!B96YE9FET('1H870@:7,@9W)E871EF5D('5P;VX@969F96-T:79E('-E M='1L96UE;G0@=VET:"!A('1A>&EN9R!A=71H;W)I='DN/"]F;VYT/CPO9&EV M/@T*#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z(#!P=#L@ M9&ES<&QA>3H@8FQO8VL[(&UA'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE)SY3=&]C:RU" M87-E9"!#;VUP96YS871I;VX\+V9O;G0^/"]F;VYT/CPO9&EV/@T*#0H\9&EV M('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P M<'0[(&1IF5D M(&EN('1H92!F:6YA;F-I86P@6QE/3-$ M)V1I2!I;G-T2X@5&AE(&9I;F%L(&UE87-U2!I;G-T2!I;G-T6QE/3-$)V1I2`R,#$Q+"!T:&4@1FEN86YC:6%L($%C M8V]U;G1I;F<@4W1A;F1A28C.#(Q-SMS(&-O;G-O;&ED871E9"!F:6YA;F-I86P@ M<&]S:71I;VX@;W(@6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[ M(&1I2!E=F%L=6%T:6YG('=H:6-H('!R97-E;G1A M=&EO;B!A;'1EF4N/"]F;VYT/CPO9&EV M/@T*#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z(#!P=#L@ M9&ES<&QA>3H@8FQO8VL[(&UA2!N;R!L;VYG97(@=VEL;"!B92!R M97%U:7)E9"!T;R!C86QC=6QA=&4@=&AE(&9A:7(@=F%L=64@;V8@82!R97!O M2!D971E2!A9&]P=&EO;B!I7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3H@8FQO8VL[ M(&UA6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M3H@8FQO8VL[(&UA6QE/3-$)W1E M>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S M($YE=R!2;VUA;B<^3F]T92`R+B!35$]#2TA/3$1%4E,G("A$149)0TE4*3PO M9F]N=#X\+V1I=CX-"@T*/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!J=7-T M:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN M+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0G/B8C,38P.SPO9&EV/@T* M#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD M96YT.B`P<'0[(&1I2!I3H@8FQO8VL[(&UA2`R,#`X('1H92!#;VUP M86YY(&ES2`R,#`X('1H92!#;VUP M86YY(&ES2!I M3H@ M8FQO8VL[(&UA3H@8FQO8VL[(&UA M6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`P<'0[(&1I3H@8FQO8VL[(&UA2!I3L@=&5X="UI;F1E M;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA6QE/3-$)V1I2`R,#$P('1H92!#;VUP86YY(&ES7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3H@8FQO8VL[(&UA6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL M:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;B<^3F]T92`S+B!)3D-/ M344@5$%815,\+V9O;G0^/"]D:78^#0H-"CQD:78@3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO M8VL[(&UA6QE/3-$)V1I M2!A<'!L>6EN9R!T:&4@"!R871E('1O(&EN8V]M92!B969O6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S M(&YE=R!R;VUA;B<^)B,Q-C`[/"]F;VYT/CPO=&0^#0H\=&0@'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I M;FQI;F4[(&9O;G0Z(#$P<'0@=&EM97,@;F5W(')O;6%N)SXQ-2`\+V9O;G0^ M/"]T9#X-"CQT9"!N;W=R87`],T1N;W=R87`@6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S M(&YE=R!R;VUA;B<^169F96-T(&]F(&]P97)A=&EN9R!L;W-S97,\+V9O;G0^ M/"]D:78^#0H\+W1D/@T*/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT M.R!V97)T:6-A;"UA;&EG;CH@8F]T=&]M.R!W:61T:#H@,24[('!A9&1I;F6QE/3-$)V1I6QE/3-$)W9E3H@:6YL:6YE.R!F M;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA;B<^*#$U/"]F;VYT/CPO=&0^#0H\ M=&0@;F]W6QE/3-$)W9E"<^/&9O;G0@3H@:6YL:6YE.R!F M;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA;B<^*2`E/"]F;VYT/CPO=&0^#0H\ M+W1R/CQT6QE/3-$)W9E6QE/3-$)V1I M'0M86QI9VXZ(&QE9G0G/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)W9E6QE/3-$)W9E"<^/&9O;G0@3H@:6YL:6YE M.R!F;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA;B<^)3PO9F]N=#X\+W1D/@T* M/"]T3H@8FQO8VLG/B8C,38P.SPO9&EV/@T*#0H\ M9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT M.B`P<'0[(&1I2!H87,@82!N970@;W!E&EM871E;'D@)#@T+#`P,"X@5&AI M69O M'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I2<^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT M97([('1E>'0M:6YD96YT.B`P<'0[(&1I'0M86QI9VXZ(&QE9G0G/CQF M;VYT('-T>6QE/3-$)V1I3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA M6QE/3-$)V1I28C.#(Q-SMS(%!R97-I9&5N="P@;&]A;F5D M('1H92!#;VUP86YY("0@+3`M(&%N9"`D,3(L.#8P(&1U65A M3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\S8F8Q86)F-U\X,S`U7S0X-#%?839A9E]F M,#0S-C!F-S'0O:'1M;#L@8VAA6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE M=R!2;VUA;B<^3F]T92`U+B!,3T%.(%!!64%"3$4@+2!214Q!5$5$(%!!4E19 M/"]F;VYT/CPO9&EV/@T*#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI M;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA2`D,RPQ,#`@:6X@07!R:6P@,C`Q,"X@5&AE(&QO86X@8F5A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I'0M:6YD96YT.B`P<'0[(&1I'0M86QI9VXZ(&QE9G0G M/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E M;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA2=S M(&9I;F%N8VEA;"!S=&%T96UE;G1S(&%R92!PF%T:6]N(&]F(&%S6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P M<'0[(&1I2`D.#4L,#`P+B!);B!A9&1I=&EO;BP@=&AE($-O;7!A;GD@ M:&%S(&YO('-I9VYI9FEC86YT(&%S6QE/3-$)W1E M>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I M;65S($YE=R!2;VUA;B<^5&AE($-O;7!A;GDG2!S M96-U2=S(&]P97)A=&EO;G,@9F]R('1H M92!N97AT('1W96QV92!M;VYT:',@2!O8G1A:6YI;F<@861E<75A=&4@8W)E9&ET(&9A M8VEL:71I97,@9G)O;2!F:6YA;F-I86P@:6YS=&ET=71I;VYS+B!);B!A9&1I M=&EO;BP@=&AE($-O;7!A;GDG'!E;G-E6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I2!O9B!T:&4@0V]M<&%N M>2!T;R!C;VYT:6YU92!A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/&1I=B!S='EL93TS M1"=T97AT+6%L:6=N.B!L969T.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y M.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0G M/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)V1I3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[ M(&UA2!W87,@:6YC;W)P;W)A=&5D(&EN('1H92!S M=&%T92!O9B!&;&]R:61A(&]N($IA;G5A2!I;B!T:&4@9&5V96QO<&UE;G0@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E M>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V1I2!3:&]P<&EN9R!.971W;W)K+"!);F,N(&AA=F4@8F5E;B!P M2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R:6YC M:7!L97,@:&%V92!B965N(&-O;F1E;G-E9"!O65A3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA6QE/3-$)V1I3H@8FQO8VL[(&UA M'0M9&5C M;W)A=&EO;CH@=6YD97)L:6YE)SY2979E;G5E(%)E8V]G;FET:6]N/"]F;VYT M/CPO9F]N=#X\+V1I=CX-"@T*/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!J M=7-T:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0G/CQF;VYT('-T>6QE M/3-$)V1I2!A6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3L@=&5X="UI;F1E;G0Z M(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA M;B<^/&9O;G0@3H@:6YL:6YE.R!T97AT+61E8V]R M871I;VXZ('5N9&5R;&EN92<^3F5T($QO3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[ M(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;B<^/&9O M;G0@3H@:6YL:6YE.R!T97AT+61E8V]R871I;VXZ M('5N9&5R;&EN92<^57-E(&]F($5S=&EM871E3L@=&5X M="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[(&UA'0M9&5C;W)A M=&EO;CH@=6YD97)L:6YE)SY396=M96YT($EN9F]R;6%T:6]N/"]F;VYT/CPO M9F]N=#X\+V1I=CX-"@T*/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!J=7-T M:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN M+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0G/CQF;VYT('-T>6QE/3-$ M)V1I3L@=&5X="UI;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA M'0M9&5C M;W)A=&EO;CH@=6YD97)L:6YE)SY);F-O;64@5&%X97,\+V9O;G0^/"]F;VYT M/CPO9&EV/@T*#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;B<^1&5F M97)R960@:6YC;VUE('1A>&5S(&%R92!R96-O9VYI>F5D(&9O2!D:69F97)E;F-E M6EN9R!A;6]U;G0@;V8@87-S971S(&%N9"!L M:6%B:6QI=&EE65A2!T87@@F5D+B!);F-O;64@ M=&%X(&5X<&5N"!A6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;B<^ M05-#(#&5S+"!R97%U:7)E2!P97)C96YT*2!T:&%T(&$@=&%X('!O&%M:6YE('1H92!P;W-I=&EO;B!A;F0@ M:&%V92!F=6QL(&MN;W=L961G92!O9B!A;&P@2!T:&%N(&YO="!T:')E2!P97)C96YT(&QI:V5L>2!T;R!B92!R M96%L:7IE9"!U<&]N(&5F9F5C=&EV92!S971T;&5M96YT('=I=&@@82!T87AI M;F<@875T:&]R:71Y+CPO9F]N=#X\+V1I=CX\'0^/&1I=B!S M='EL93TS1"=T97AT+6%L:6=N.B!J=7-T:69Y.R!T97AT+6EN9&5N=#H@,'!T M.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I M9VAT.B`P<'0G/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)V1I3L@=&5X="UI;F1E;G0Z M(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA2!A8V-O M=6YT6UE;G1S('1O(&)E(')E8V]G;FEZ M960@:6X@=&AE(&9I;F%N8VEA;"!S=&%T96UE;G1S(&)A6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA M;B<^17%U:71Y(&EN65E M7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'1A8FQE(&-E;&QP861D:6YG/3-$,"!C96QL6QE/3-$)V)A8VMG6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I3H@:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S(&YE=R!R M;VUA;B<^26YC;VUE('1A>"!P6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT.R!V97)T:6-A;"UA;&EG;CH@8F]T=&]M.R!W M:61T:#H@,24G/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)W9E3H@ M:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA;B<^)B,Q-C`[/"]F M;VYT/CPO=&0^#0H\=&0@3H@:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA M;B<^,34@/"]F;VYT/CPO=&0^#0H\=&0@;F]W6QE M/3-$)W9E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('9E6QE/3-$)V1I'0M86QI9VXZ(&QE9G0G/CQF;VYT('-T>6QE/3-$)V1I6QE/3-$)W9E6QE/3-$)V1I'0M86QI9VXZ(&QE M9G0[('!A9&1I;F6QE/3-$)V1I"<^/&9O;G0@3H@:6YL:6YE.R!F;VYT.B`Q,'!T('1I;65S(&YE=R!R;VUA;B<^ M)B,Q-C`[/"]F;VYT/CPO=&0^#0H\=&0@'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=D M:7-P;&%Y.B!I;FQI;F4[(&9O;G0Z(#$P<'0@=&EM97,@;F5W(')O;6%N)SXP M(#PO9F]N=#X\+W1D/@T*/'1D(&YO=W)A<#TS1&YO=W)A<"!S='EL93TS1"=V M97)T:6-A;"UA;&EG;CH@8F]T=&]M.R!W:61T:#H@,24[('1E>'0M86QI9VXZ M(&QE9G0[('!A9&1I;F6QE/3-$)V1I M'1087)T7S-B9C%A8F8W7S@S,#5?-#@T,5]A-F%F M7V8P-#,V,&8W-S'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2`S,2P@,C`Q,#QB'10 M87)T7S-B9C%A8F8W7S@S,#5?-#@T,5]A-F%F7V8P-#,V,&8W-S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S M("T@4W1A='5T;W)Y(&9E9&5R86P@:6YC;VUE('1A>"!R871E('1O(&EN8V]M M92!B969O2!R871E M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ-2XP,"4\7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M&5S(&%N9"!/=&AE'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$69O'!I3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S8F8Q86)F-U\X,S`U7S0X-#%? M839A9E]F,#0S-C!F-S'0O:'1M;#L@ M8VAA2!4'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4@=&\@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S M8F8Q86)F-U\X,S`U7S0X-#%?839A9E]F,#0S-C!F-S'0O:'1M;#L@8VAA2!4'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$ XML 13 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2012
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Organization
The Company was incorporated in the state of Florida on January 11, 2008. The Company is currently in the development stage but plans to be engaged in sales of various holistic, natural, organic and other health remedies and foods. The Company will provide fast, reliable assistance to individuals seeking to improve their health naturally.
 
Basis of Presentation
The accompanying unaudited financial statements of Healthway Shopping Network, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. The unaudited financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2011.
 
The balance sheet at December 31, 2011 has been derived from the audited financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and notes thereto for the fiscal year ended December 31, 2011.
 
Revenue Recognition
In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company:
 
Revenue will be recognized at the time the product is delivered or services are performed. Provision for sales returns will be estimated based on the Company's historical return experience. Revenue will be presented net of returns.
 
Net Loss Per Common Share
Basic net (loss) income per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net (loss) income per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at September 30, 2012.
 
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
 
Segment Information
The Company follows Accounting Standards Codification ("ASC") 280, "Segment Reporting". The Company currently operates in a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
 
Income Taxes
Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities.
 
ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority.
 
Stock-Based Compensation
The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates.
 
Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance.
 
In May 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (IFRS).” This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level three fair value measurements. This pronouncement is effective for reporting periods beginning on or after December 15, 2011. The adoption of ASU 2011-04 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.
 
In June 2011, the FASB issued guidance on the presentation of comprehensive income. This guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. The guidance allows two presentation alternatives; present items of net income and other comprehensive income in (1) one continuous statement, referred to as the statement of comprehensive income, or (2) in two separate, but consecutive, statements of net income and other comprehensive income. This guidance is effective as of the beginning of a fiscal year that begins after December 15, 2011. Early adoption is permitted, but full retrospective application is required under both sets of accounting standards. The Company is currently evaluating which presentation alternative it will utilize.
 
In August 2011, the FASB approved a revised accounting standard update intended to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting standard update will be effective for the Company beginning in the first quarter of fiscal 2013 and early adoption is permitted.
XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Liabilities    
Accounts payable and accrued expenses $ 9,173 $ 7,673
Loan payable - shareholder 57,626 57,626
Loan payable - related party 3,100 3,100
Total current liabilities 69,899 68,399
Stockholders' Deficit:    
Common stock, $0.0000001 par value; 200,000,000 shares authorized,190,100,000 shares issued and outstanding 19 19
Additional paid in capital 14,829 14,829
Deficit accumulated during development stage (84,747) (83,247)
Total Stockholders' Equity (69,899) (68,399)
Total Liabilities and Stockholders' Equity      
XML 15 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Stockholders Equity (Parenthetical) (USD $)
May 31, 2010
Dec. 31, 2008
Minimum
   
Price Per Unit   $ 0.01
Maximum
   
Price Per Unit $ 0.0125 $ 0.04
XML 16 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 17 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (USD $)
9 Months Ended 57 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash flows from operating activities:      
Net loss $ (1,500) $ (1,800) $ (84,747)
Adjustments to reconcile net loss to net cash used by operating activities:      
Bank overdraft    (2,467)   
Accounts payable and accrued expenses 1,500 1,799 9,173
Net cash used by operating activities 0 (2,468) (75,574)
Cash flows from financing activities:      
Proceeds from issuance of common stock       14,848
Shareholder's loan    2,468 57,626
Loan payable - related party       3,100
Net cash provided by financing activities 0 2,468 75,574
Net increase in cash         
Cash at beginning of period         
Cash at end of period         
Cash paid during the period for:      
Interest         
Income taxes         
XML 18 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Parenthetical) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.0000001 $ 0.0000001
Common stock, shares authorized 200,000,000 200,000,000
Common stock, shares issued 190,100,000 190,100,000
Common stock, shares outstanding 190,100,000 190,100,000
XML 19 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes - Statutory federal income tax rate to income before provision for income taxes (Details)
9 Months Ended
Sep. 30, 2012
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]  
Income tax provision at the federal statutory rate 15.00%
Effect of operating losses (15.00%)
Net effect 0.00%
XML 20 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
9 Months Ended
Sep. 30, 2012
Document And Entity Information  
Entity Registrant Name Healthway Shopping Network
Entity Central Index Key 0001479014
Document Type 10-Q
Document Period End Date Sep. 30, 2012
Amendment Flag false
Current Fiscal Year End Date --12-31
Is Entity a Well-known Seasoned Issuer? No
Is Entity a Voluntary Filer? No
Is Entity's Reporting Status Current? Yes
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 190,100,000
Document Fiscal Period Focus Q3
Document Fiscal Year Focus 2012