10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

Form 10-Q

x  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

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

Commission file number 000-54497

Bassline Productions, Inc.

BASSLINE PRODUCTIONS, INC.

(Exact name of registrant as specified in its charter)

Nevada	27-2571663
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1759 Grand Pheasant Lane, Lincoln, California	95648
(Address of principal executive offices)	(Zip Code)

(916) 508-5385

(Registrant’s telephone number, including area code)

Copies of Communications to:

Stoecklein Law Group

Columbia Center

401 West A Street

Suite 1150

San Diego, CA 92101

(619) 704-1310

Fax (619) 704-0556

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

Yes x    No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x    No ¨

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

Large accelerated filer  ¨	Accelerated filer  ¨
Non-accelerated filer  ¨ (Do not check if a smaller reporting company)	Smaller reporting company  x

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

Yes x    No ¨

The number of shares of Common Stock, $0.001 par value, outstanding on July 31, 2012 was 25,000,000 shares. Throughout this filing all references to shares have been restated to reflect a 10:1 forward stock split enacted on August 23, 2011.

1

BASSLINE PRODUCTIONS, INC.

QUARTERLY PERIOD ENDED JUNE 30, 2012

Index to Report on Form 10-Q

		Page No.
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4T.	Controls and Procedures	13
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	14
Item1A.	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	15
Item 6.	Exhibits	15
	Signature	16

2

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

BASSLINE PRODUCTIONS, INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
	June 30,			December 31,
	2012			2011
ASSETS	(unaudited)			(audited)
Current assets:
Cash	$	1,486		$	3,651
Total current assets		1,486			3,651
Website, net		375			516
Total assets	$	1,861		$	4,167
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable	$	18		$	-
Total current liabilities		18			-
Long-term liabilities:
Line of credit - related party		96,226			76,125
Accrued interest payable - related party		6,898			4,219
Total  long-term liabilities		103,124			80,344
Total liabilities		103,142			80,344
Stockholders' deficit:
Preferred stock, $0.001 par value, 10,000,000 shares
authorized, no and no shares issued and outstanding
as of June 30, 2012 and December 31, 2011, respectively		-			-
Common stock, $0.001 par value, 100,000,000 shares
authorized, 25,000,000 shares issued and outstanding
as of June 30, 2012 and December 31, 2011, respectively		25,000			25,000
Additional paid in capital		24,061			24,061
Deficit accumulated during development stage		(150,342	)		(125,238	)
Total stockholders' deficit		(101,281	)		(76,177	)
Total liabilities and stockholders' deficit	$	1,861		$	4,167

See Accompanying Notes to Financial Statements.

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BASSLINE PRODUCTIONS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
(unaudited)
													Inception
	For the			For the			For the			For the			(May 11, 2010)
	three months ended			three months ended			six months ended			six months ended			to
	June 30,			June 30,			June 30,			June 30,			June 30,
	2012			2011			2012			2011			2012
Revenue	$	-		$	-		$	12,000		$	-		$	12,000
Operating expenses:
Amortization expense		71			71			141			141			469
General and administrative		427			568			434			586			3,714
Professional fees		8,277			8,430			33,850			13,265			151,265
Total operating expenses		8,775			9,069			34,425			13,992			155,448
Other expenses:
Interest income		-			-			-			-			(4	)
Interest expense		1,391			1,150			2,679			2,202			6,898
Total other expense		1,391			1,150			2,679			2,202			6,894
Net loss	$	(10,166	)	$	(10,219	)	$	(25,104	)	$	(16,194	)	$	(150,342	)
Weighted average number of common		25,000,000			20,000,000			25,000,000			20,000,000
shares outstanding - basic
Net loss per share - basic	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

See Accompanying Notes to Financial Statements.

4

BASSLINE PRODUCTIONS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
(unaudited)
							Inception
	For the			For the			(May 11, 2010)
	six months ended			six months ended			to
	June 30,			June 30,			June 30,
	2012			2011			2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(25,104	)	$	(16,194	)	$	(150,342	)
Adjustments to reconcile net income
to net cash used in operating activities:
Amortization		141			141			469
Changes in operating assets and liabilities:
Increase in accounts payable		18			2,469			18
Increase in accrued interest payable		2,679			2,202			6,898
Net cash used in operating activities		(22,266	)		(11,382	)		(142,957	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of website development		-			-			(844	)
Net cash used in investing activities		-			-			(844	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit		20,101			10,000			96,226
Proceeds from sale of common stock, net of offering costs		-			-			49,061
Net cash provided by financing activities		20,101			10,000			145,287
NET CHANGE IN CASH		(2,165	)		(1,382	)		1,486
CASH AT BEGINNING OF PERIOD		3,651			6,779			-
CASH AT END OF PERIOD	$	1,486		$	5,397		$	1,486
SUPPLEMENTAL INFORMATION:
Interest paid	$	-		$	-		$	-
Income taxes paid	$	-		$	-		$	-

See Accompanying Notes to Financial Statements.

5

BASSLINE PRODUCTIONS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

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

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

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

Organization

The Company was incorporated on May 11, 2010 (Date of Inception) under the laws of the State of Nevada, as Bassline Productions, Inc.

The Company has not commenced significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company.

Nature of operations

The Company provides educators and semi professional entertainers the service of travel and production management to entertainment venues and festivals throughout the United States of America.

Cash and cash equivalents

For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.

Website

The Company capitalizes the costs associated with the development of the Company’s website pursuant to ASC Topic 350.  Other costs related to the maintenance of the website are expensed as incurred.  Amortization is provided over the estimated useful lives of 3 years using the straight-line method for financial statement purposes.   The Company has commenced amortization upon completion of the Company’s fully operational website.  Amortization expense for the three months ended June 30, 2012 and 2011 was $71 and $71, respectively.  Amortization expense for the six months ended June 30, 2012 and 2011 was $141 and $141, respectively.

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BASSLINE PRODUCTIONS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Stock-based compensation

The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. 

The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.

The Company will record revenue when it is realizable and earned and the travel services have been rendered to the customers.

Concentrations of Revenue

In 2012, one customer accounted for 100% of revenue.

Advertising Costs

Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the three and six months ended June 30, 2012 and 2011.

Use of estimates

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

Fair value of financial instruments

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2012. The respective carrying value of certain on-

7

BASSLINE PRODUCTIONS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses, bank overdraft and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Level 1:The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.

Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.

Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.

Recent pronouncements

The Company has evaluated the recent accounting pronouncements through July 2012 and believes that none of them will have a material effect on the company’s financial statements.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. As noted above, the Company is in the development stage and, accordingly, has not yet generated revenues from operations. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and incurring start up costs and expenses. As a result, the Company incurred accumulated net losses from Inception (May 11, 2010) through the period ended June 30, 2012 of ($150,342). In addition, the Company’s development activities since inception have been financially sustained through debt and equity financing.

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

8

BASSLINE PRODUCTIONS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 3 – LINE OF CREDIT – RELATED PARTY

On November 15, 2010, the Company executed a revolving credit line with a related party for up to $100,000.  The related party is an entity that is owned and controlled by a family member of one of the officers of the Company.  The unsecured line of credit bears interest at 6% per annum with principal and interest due on November 15, 2013.  As of June 30, 2012, an amount of $96,226 has been used for general corporate purposes with a remaining balance of $3,774 available.  As of June 30, 2012, the balance of accrued interest was $6,898.

Interest expense for the three month period ended June 30, 2012 and 2011 was $1,391 and $1,150, respectively.  Interest expense for the six month period ended June 30, 2012 and 2011 was $2,679 and $2,202, respectively.

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 10,000,000 shares of its $0.001 par value preferred stock.  The Company did not authorize terms and rights of preferred shares as of June 30, 2012.

On August 23, 2011, the Company’s board of directors approved a 10-to-1 forward stock split with a record date of August 23, 2011.  This event has been retroactively applied to these financial statements.

On November 22, 2011, a former officer and director of the Company agreed to return and cancel 20,000,000 shares of common stock.  For accounting purposes, this transaction was accounted for as a reverse stock split.  All shares and per share amounts have been retroactively adjusted.

Common Stock

On May 12, 2010, the Company issued its officers and directors of the Company a total of 40,000,000 shares of its $0.001 par value common stock at a price of $0.0001 per share for subscriptions receivable of $4,000.  The Company received $4,000 in cash during August 2010.

On August 17, 2011, the Company issued 5,000,000 shares of common stock at a price of $0.01 per share for total cash received of $50,000 less direct offering costs totaling $4,939.  Of the total direct offering costs, $4,000 was for non-accountable expenses for an officer and director of the Company and a former officer and director of the Company.

During the three months ended June 30, 2012, there have been no other issuances of common stock.

NOTE 5 – WARRANTS AND OPTIONS

As of June 30, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.

9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Quarterly Report on Form 10-Q contains forward-looking statements and involves risks and uncertainties that could materially affect expected results of operations, liquidity, cash flows, and business prospects. These statements include, among other things, statements regarding:

·   our ability to diversify our operations;

·   inability to raise additional financing for working capital;

·   the fact that our accounting policies and methods are fundamental to how we report our financial condition and results of operations, and they may require our management to make estimates about matters that are inherently uncertain;

·   our ability to attract key personnel;

·   our ability to operate profitably;

·   deterioration in general or regional economic conditions;

·   adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations;

·   changes in U.S. GAAP or in the legal, regulatory and legislative environments in the markets in which we operate;

·   the inability of management to effectively implement our strategies and business plan;

·   inability to achieve future sales levels or other operating results;

·   the unavailability of funds for capital expenditures;

·   other risks and uncertainties detailed in this report;

as well as other statements regarding our future operations, financial condition and prospects, and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this Quarterly Report on Form 10-Q, and in particular, the risks discussed under the heading “Risk Factors” in Part II, Item 1A and those discussed in other documents we file with the Securities and Exchange Commission. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

References in the following discussion and throughout this quarterly report to “we”, “our”, “us”, “Bassline”, “the Company”, and similar terms refer to Bassline Productions, Inc. unless otherwise expressly stated or the context otherwise requires.

10

OVERVIEW AND OUTLOOK

Background

Bassline Productions, Inc. is a development stage company incorporated in the State of Nevada on May 11, 2010. Our stated business objective is to provide tour booking and production services to institutional music programs and semi-professional musicians. Since our inception on May 11, 2010 through June 30, 2012, we generated no revenues from that line of business. Our goal is to build a business which will encompass not only tour management and support for institutional instructors wishing to have their respective music departments compete in national festivals, but also provide professional production support for our clients at the performance venue.

Going Concern

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. As of June 30, 2012, the Company had an accumulated deficit of $150,342. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from sale of common stock and ultimately the achievement of significant operating revenues.

RESULTS OF OPERATIONS

During the three months ended June 30, 2012 and June 30, 2011, we did not generate any revenue.  During the six months ended June 30, 2012, we generated $12,000 in revenue and during the six months ended June 30, 2011, we did not generate revenue.

Operating expenses during the three months ended June 30, 2012 were $8,775, all of which consisted of $8,277 in professional fees, $427 in general and administrative expenses and $71 amortization expense. In comparison, operating expenses in the three months ended June 30, 2011 were $9,069, all of which consisted of $8,430 in professional fees, $568 in general and administrative expenses and $71 amortization expense. The decrease in total expenses from 2011 to 2012 is primarily attributable to a decrease in legal fees and accounting fees.

Operating expenses during the six months ended June 30, 2012 were $34,425, all of which consisted of $33,850 in professional fees, $434 in general and administrative expenses and $141 amortization expense. In comparison, operating expenses in the six months ended June 30, 2011 were $13,992, all of which consisted of $13,265 in professional fees, $568 in general and administrative expenses and $141 amortization expense. The increase in total expenses from 2011 to 2012 is primarily attributable to an increase in legal fees.

We have not been profitable from our inception in 2010 through June 30, 2012, and our accumulated deficit amounts to $150,342. There is significant uncertainty projecting future profitability due to our history of losses and lack of revenues. In our current state we have no recurring or guaranteed source of revenues and cannot predict when, if ever, we will become profitable. There is significant uncertainty projecting future profitability due to our minimal operating history and lack of guaranteed ongoing revenue streams.

11

Liquidity and Capital Resources

As of June 30, 2012, we had $1,486 in cash and did not have any other cash equivalents. The following table provides detailed information about our net cash flow for all financial statement periods presented in this Quarterly Report. To date, we have financed our operations through the issuance of stock and borrowings.

The following table sets forth a summary of our cash flows for the six months ended June 30, 2012 and 2011:

	Six Months Ended June 30,
	2012	2011
Net cash used in operating activities	$               (22,266)	$              (11,382)
Net cash used in investing activities	-	-
Net cash provided by financing activities	20,101	10,000
Net increase (decrease) in Cash	(2,165)	(1,382)
Cash, beginning	3,651	6,779
Cash, ending	$                    1,486	$                  5,397

Since inception, we have financed our cash flow requirements through issuance of common stock. As we expand our activities, we may, and most likely will, continue to experience net negative cash flows from operations, pending receipt of listings or some form of advertising revenues. In August of 2011, we completed the funding of our $50,000 registered offering. Additionally we anticipate obtaining additional financing to fund operations through additional common stock offerings, to the extent available, or to obtain additional financing to the extent necessary to augment our working capital.

We anticipate that we will incur operating losses in the next twelve months. Our limited operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development, particularly companies in new and rapidly evolving markets. Such risks for us include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks, we must, among other things, obtain a customer base, implement and successfully execute our business and marketing strategy, continually develop and upgrade our website, provide national and regional industry participants with an effective, efficient and accessible website on which to promote their products and services through the Internet, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.

Operating activities

Net cash used in operating activities was $22,266 for the period ended June 30, 2012, as compared to $11,382 used in operating activities for the period ended June 30, 2011. The increase in net cash used in operating activities was primarily due to an increase in professional fees.

Investing activities

Net cash used in investing activities was $0 for the period ended June 30, 2012, as compared to $0 used in investing activities for the same period in 2011.

12

Financing activities

Net cash provided by financing activities for the period ended June 30, 2012 was $20,101, as compared to $10,000 for the same period of 2011. The increase of net cash provided by financing activities was mainly attributable to higher proceeds from the line of credit.

During the period ended June 30, 2012, the Company received a total of $20,101 in draws on the line of credit.  As of June 30, 2012, the balance due on the line of credit totals $96,226.

We believe that cash flow from operations will not meet our present and near-term cash needs and thus we will require additional cash resources, including the sale of equity or debt securities, to meet our planned capital expenditures and working capital requirements for the next 12 months. We will require additional cash resources due to changed business conditions, implementation of our strategy to expand our sales and marketing initiatives, increase brand awareness, or acquisitions we may decide to pursue. If our own financial resources and then current cash-flows from operations are insufficient to satisfy our capital requirements, we may seek to sell additional equity or debt securities or obtain additional credit facilities. The sale of additional equity securities will result in dilution to our stockholders. The incurrence of indebtedness will result in increased debt service obligations and could require us to agree to operating and financial covenants that could restrict our operations or modify our plans to grow the business. Financing may not be available in amounts or on terms acceptable to us, if at all. Any failure by us to raise additional funds on terms favorable to us, or at all, will limit our ability to expand our business operations and could harm our overall business prospects.

Off-Balance Sheet Arrangements

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

Item 3. Quantitative and Qualitative Disclosure About Market Risk

This item is not applicable as we are currently considered a smaller reporting company.

Item 4T. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our Principal Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the period covered by this Report. Based on that evaluation, it wasconcluded that our disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance that information we are required to disclose in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

13

Changes in Internal Control Over Financial Reporting

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

Limitations on Effectiveness of Controls and Procedures

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

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

We are not a party to any material legal proceedings.

Item 1A. Risk Factors

The risk factors listed in our 2011 Form 10-K on pages 5 to 10, filed with the Securities Exchange Commission on March 30, 2012, are hereby incorporated by reference.

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

Stock Issuances

None.

Issuer Purchases of Equity Securities

We did not repurchase any of our equity securities from the time of our inception through the period ended June 30, 2012.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures

Not applicable.

14

Item 5. Other Information.

None.

Item 6. Exhibits.

Exhibit No.	Description
31.1	Certification of Principal Executive Officer & Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certifications of Principal Executive Officer & Principal 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 Extension Schema
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase
101.DEF*	XBRL Taxonomy Extension Definition Linkbase
101.LAB*	XBRL Taxonomy Extension Label Linkbase
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase

*XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

15

SIGNATURE

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.

	BASSLINE PRODUCTIONS, INC.
Date: August 9, 2012	By:	/S/ Randi Lorenzo
		Randi Lorenzo
		Chief Executive Officer
		(Principal Executive Officer and duly authorized signatory)

16

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Randi Lorenzo, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Bassline Productions, Inc. (the “Company”);

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 Company as of, and for, the periods presented ire this report;

4. The Company’s other certifying officer 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 Company 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 Company, 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 Company’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 Company’s internal control over financial reporting that occurred during the Company’s most recent fiscal quarter (the Company’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting; and

5. The Company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the audit committee of the Company’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 Company’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 Company’s internal control over financial reporting.

Date: August 9, 2012

/S/ Randi Lorenzo

Randi Lorenzo

Principal Executive Officer and

Principal Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Bassline Productions, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Randi Lorenzo, Principal Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

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

Date: August  9, 2012

/S/ Randi Lorenzo

Randi Lorenzo

Principal Executive Officer and

Principal Financial Officer

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Line of Credit - Related Party (Details) (USD $)	3 Months Ended		6 Months Ended		19 Months Ended	26 Months Ended	36 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2012	Nov. 15, 2013	Dec. 31, 2011	Nov. 15, 2010
Revolving Credit Line	$ 96,226		$ 96,226		$ 96,226	$ 96,226		$ 76,125	$ 100,000
Credit Line Interest							6.00%
Credit Amount Used for General Corporate Purposes					96,226
Remaining Credit Balance	3,774		3,774		3,774	3,774
Accrued Interest Balance	6,898		6,898		6,898	6,898
Interest Expense	$ 1,391	$ 1,150	$ 2,679	$ 2,202		$ 6,898

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Stockholders' Equity

3 Months Ended

Jun. 30, 2012

Stockholders' Equity:

Stockholders' Equity

NOTE 4 - STOCKHOLDERS’ EQUITY

The Company is authorized to issue 100,000,000 shares of its $0.001 par value common stock and 10,000,000 shares of its $0.001 par value preferred stock.  The Company did not authorize terms and rights of preferred shares as of June 30, 2012.

On August 23, 2011, the Company’s board of directors approved a 10-to-1 forward stock split with a record date of August 23, 2011.  This event has been retroactively applied to these financial statements. 

On November 22, 2011, a former officer and director of the Company agreed to return and cancel 20,000,000 shares of common stock.  For accounting purposes, this transaction was accounted for as a reverse stock split.  All shares and per share amounts have been retroactively adjusted.

Common Stock

On May 12, 2010, the Company issued its officers and directors of the Company a total of 40,000,000 shares of its $0.001 par value common stock at a price of $0.0001 per share for subscriptions receivable of $4,000.  The Company received $4,000 in cash during August 2010.

On August 17, 2011, the Company issued 5,000,000 shares of common stock at a price of $0.01 per share for total cash received of $50,000 less direct offering costs totaling $4,939.  Of the total direct offering costs, $4,000 was for non-accountable expenses for an officer and director of the Company and a former officer and director of the Company.

During the three months ended June 30, 2012, there have been no other issuances of common stock.

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Line of Credit - Related Party

3 Months Ended

Jun. 30, 2012

Line of Credit - Related Party:

Line of Credit - Related Party

NOTE 3 - LINE OF CREDIT - RELATED PARTY

On November 15, 2010, the Company executed a revolving credit line with a related party for up to $100,000.  The related party is an entity that is owned and controlled by a family member of one of the officers of the Company.  The unsecured line of credit bears interest at 6% per annum with principal and interest due on November 15, 2013.  As of June 30, 2012, an amount of $96,226 has been used for general corporate purposes with a remaining balance of $3,774 available.  As of June 30, 2012, the balance of accrued interest was $6,898.

Interest expense for the three month period ended June 30, 2012 and 2011 was $1,391 and $1,150, respectively.  Interest expense for the six month period ended June 30, 2012 and 2011 was $2,679 and $2,202, respectively.

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BALANCE SHEETS (unaudited) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash	$ 1,486	$ 3,651
Total current assets	1,486	3,651
Website, net	375	516
Total assets	1,861	4,167
Current liabilities:
Accounts payable	18
Total current liabilities	18
Long-term liabilities:
Line of credit - related party	96,226	76,125
Accrued interest payable - related party	6,898	4,219
Total long-term liabilities	103,124	80,344
Total liabilities	103,142	80,344
Stockholders' deficit:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively
Common stock, $0.001 par value, 100,000,000 shares authorized, 25,000,000 issued and outstanding as of June 30, 2012 and December 31, 2011, respectively	25,000	25,000
Additional paid-in capital	24,061	24,061
Deficit accumulated during development stage	(150,342)	(125,238)
Total stockholders' deficit	(101,281)	76,177
Total liabilities and stockholders' deficit	$ 1,861	$ 4,167	[1]

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

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Summary of Significant Accounting Policies

3 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies:

Summary of Significant Accounting Policies

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

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

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

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

Organization

The Company was incorporated on May 11, 2010 (Date of Inception) under the laws of the State of Nevada, as Bassline Productions, Inc.

The Company has not commenced significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company.

Nature of operations

The Company provides educators and semi professional entertainers the service of travel and production management to entertainment venues and festivals throughout the United States of America.

Cash and cash equivalents

For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.

Website

The Company capitalizes the costs associated with the development of the Company’s website pursuant to ASC Topic 350.  Other costs related to the maintenance of the website are expensed as incurred.  Amortization is provided over the estimated useful lives of 3 years using the straight-line method for financial statement purposes. The Company has commenced amortization upon completion of the Company’s fully operational website.  Amortization expense for the three months ended June 30, 2012 and 2011 was $71 and $71, respectively.  Amortization expense for the six months ended June 30, 2012 and 2011 was $141 and $141, respectively.

Stock-based compensation

The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.

The Company will record revenue when it is realizable and earned and the travel services have been rendered to the customers.

Concentrations of Revenue

In 2012, one customer accounted for 100% of revenue.

Advertising Costs

Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the three and six months ended June 30, 2012 and 2011.

Use of estimates

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

Fair value of financial instruments

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2012. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses, bank overdraft and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.

Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.

Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.

Recent pronouncements

The Company has evaluated the recent accounting pronouncements through July 2012 and believes that none of them will have a material effect on the company’s financial statements.

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Summary of Significant Accounting Policies: Recent pronouncements (Policies)

3 Months Ended

Jun. 30, 2012

Recent pronouncements:

Recent pronouncements

Recent pronouncements

The Company has evaluated the recent accounting pronouncements through July 2012 and believes that none of them will have a material effect on the company’s financial statements.

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Going Concern (Details) (USD $)	Jun. 30, 2012
Accumulated Net Loss	$ (150,342)

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Going Concern

3 Months Ended

Jun. 30, 2012

Going Concern:

Going Concern

NOTE 2 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. As noted above, the Company is in the development stage and, accordingly, has not yet generated revenues from operations. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and incurring start up costs and expenses. As a result, the Company incurred accumulated net losses from Inception (May 11, 2010) through the period ended June 30, 2012 of ($150,342). In addition, the Company’s development activities since inception have been financially sustained through debt and equity financing.

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

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BALANCE SHEETS (parentheticals) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	25,000,000	25,000,000
Common stock, shares outstanding	25,000,000	25,000,000

XML

Summary of Significant Accounting Policies: Revenue Recognition (Policies)

3 Months Ended

Jun. 30, 2012

Revenue Recognition:

Revenue Recognition

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.

The Company will record revenue when it is realizable and earned and the travel services have been rendered to the customers.

XML

Document and Entity Information	3 Months Ended
	Jun. 30, 2012
Document and Entity Information:
Entity Registrant Name	Bassline Productions, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Entity Central Index Key	0001495028
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	25,000,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

XML

Summary of Significant Accounting Policies: Concentrations of Revenue (Policies)

3 Months Ended

Jun. 30, 2012

Concentrations of Revenue:

Concentrations of Revenue

Concentrations of Revenue

In 2012, one customer accounted for 100% of revenue.

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STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended		6 Months Ended		26 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Revenue			$ 12,000		$ 12,000
Operating expenses:
Amortization expense	71	71	141	141	469
General and administrative	427	568	434	586	3,714
Professional fees	8,277	8,430	33,850	13,265	151,265
Total operating expenses	8,775	9,069	34,425	13,992	155,448
Other expenses:
Interest income					(4)
Interest expense	1,391	1,150	2,679	2,202	6,898
Total other expense	1,391	1,150	2,679	2,202	6,894
Net loss	$ (10,166)	$ (10,219)	$ (25,104)	$ (16,194)	$ (150,342)
Weighted average number of common shares outstanding - basic	25,000,000	20,000,000	25,000,000	20,000,000
Net loss per common share - basic	$ 0.00	$ 0.00	$ 0.00	$ 0.00

XML

Summary of Significant Accounting Policies: Organization (Policies)

3 Months Ended

Jun. 30, 2012

Organization:

Organization

Organization

The Company was incorporated on May 11, 2010 (Date of Inception) under the laws of the State of Nevada, as Bassline Productions, Inc.

The Company has not commenced significant operations and, in accordance with ASC Topic 915, the Company is considered a development stage company.

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Summary of Significant Accounting Policies: Basis of presentation (Policies)

3 Months Ended

Jun. 30, 2012

Basis of presentation:

Basis of presentation

Basis of presentation

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

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

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

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Summary of Significant Accounting Policies: Website (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Amortization Expense	$ 71	$ 71	$ 141	$ 141

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Summary of Significant Accounting Policies: Advertising Costs (Policies)

3 Months Ended

Jun. 30, 2012

Advertising Costs:

Advertising Costs

Advertising Costs

Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the three and six months ended June 30, 2012 and 2011.

XML

Summary of Significant Accounting Policies: Website (Policies)

3 Months Ended

Jun. 30, 2012

Website:

Website

Website

The Company capitalizes the costs associated with the development of the Company’s website pursuant to ASC Topic 350.  Other costs related to the maintenance of the website are expensed as incurred.  Amortization is provided over the estimated useful lives of 3 years using the straight-line method for financial statement purposes. The Company has commenced amortization upon completion of the Company’s fully operational website.  Amortization expense for the three months ended June 30, 2012 and 2011 was $71 and $71, respectively.  Amortization expense for the six months ended June 30, 2012 and 2011 was $141 and $141, respectively.

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Summary of Significant Accounting Policies: Nature of operations (Policies)

3 Months Ended

Jun. 30, 2012

Nature of operations:

Nature of operations

Nature of operations

The Company provides educators and semi professional entertainers the service of travel and production management to entertainment venues and festivals throughout the United States of America.

XML

Summary of Significant Accounting Policies: Cash and cash equivalents (Policies)

3 Months Ended

Jun. 30, 2012

Cash and cash equivalents:

Cash and cash equivalents

Cash and cash equivalents

For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.

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Summary of Significant Accounting Policies: Stock-based compensation (Policies)

3 Months Ended

Jun. 30, 2012

Stock-based compensation:

Stock-based compensation

Stock-based compensation

The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.

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Summary of Significant Accounting Policies: Fair value of financial instruments (Policies)

3 Months Ended

Jun. 30, 2012

Fair value of financial instruments:

Fair value of financial instruments

Fair value of financial instruments

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2012. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses, bank overdraft and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.

Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.

Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.

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Stockholders' Equity (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011	Nov. 22, 2011	Aug. 17, 2011	Aug. 31, 2010	May 12, 2010
Common Shares Authorized	100,000,000	100,000,000
Par Value of Common Shares	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Par Value of Preferred Shares	$ 0.001	$ 0.001
Common Shares Returned and Cancelled			20,000,000
Common Stock Issued to Officers and Directors	25,000,000	25,000,000				40,000,000
Common Stock Price as issued to Officers and Directors						$ 0.0001
Subscriptions Receivable						$ 4,000
Common Stock Proceeds from issuance to Officers and Directors					4,000
Common Stock Issued for Cash				5,000,000
Price of Common Stock issued for Cash				$ 0.01
Total cash received from issuance of common stock				50,000
Less direct offering costs				4,939
Non-accountable offering expenses				$ 4,000

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STATEMENTS OF CASH FLOWS (unaudited) (USD $)	6 Months Ended		26 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (25,104)	$ (16,194)	$ (150,342)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	141	141	469
Changes in operating assets and liabilities:
Increase in accounts payable	18	2,469	18
Increase in accrued interest payable	2,679	2,202	6,898
Net cash used in operating activities	(22,266)	(11,382)	(142,957)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of website development			(844)
Net cash used in investing activities			(844)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit	20,101	10,000	96,226
Proceeds from sale of common stock, net of offering costs			49,061
Net cash provided by financing activities	20,101	10,000	145,287
NET CHANGE IN CASH	(2,165)	(1,382)	1,486
CASH AT BEGINNING OF PERIOD	3,651	6,779
CASH AT END OF PERIOD	1,486	5,397	1,486
SUPPLEMENTAL INFORMATION:
Interest paid
Income taxes paid

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Warrants and Options

3 Months Ended

Jun. 30, 2012

Warrants and Options:

Warrants and Options

NOTE 5 - WARRANTS AND OPTIONS

As of June 30, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.

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Summary of Significant Accounting Policies: Use of estimates (Policies)

3 Months Ended

Jun. 30, 2012

Use of estimates:

Use of estimates

Use of estimates

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