0001056520-11-000284.txt : 20110815 0001056520-11-000284.hdr.sgml : 20110815 20110815123342 ACCESSION NUMBER: 0001056520-11-000284 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEAR SYSTEM RECYCLING, INC. CENTRAL INDEX KEY: 0001514888 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 274673791 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-174155 FILM NUMBER: 111034560 BUSINESS ADDRESS: STREET 1: 4915 PORTALIS WAY CITY: ANACORTES STATE: WA ZIP: 98221 BUSINESS PHONE: 360-982-2444 MAIL ADDRESS: STREET 1: 4915 PORTALIS WAY CITY: ANACORTES STATE: WA ZIP: 98221 10-Q 1 csr1stqtr10qjune302011final.htm 10Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10–Q

(Mark One)

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


For the quarterly period ended June 30, 2011


or


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


For the transition period from ____________ to ________________


Commission file number: 333-174155


Clear System Recycling, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Nevada

 

27-4673791

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

 

 

4915 Portalis Way, Anacortes, WA, 98221

(Address of principal executive offices)

 

(360) 982-2444

(Registrant’s telephone number, including area code)

 

 

(Former name, former address and former fiscal year, if changed since last report)


Indicate by check mark whether the registrant (1) has 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 [  ] 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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one).


Large accelerated filer [  ]

 

Accelerated filer [  ]

 

 

 

Non-accelerated filer [  ]

 

Smaller reporting company [X]

(Do not check if a smaller reporting company)

 

 


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


As of August 1, 2011, there were 2,280,000 shares of the issuer’s common stock, par value $0.001, outstanding.




CLEAR SYSTEM RECYCLING, INC.


FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2011


TABLE OF CONTENTS



 

 

PAGE

 

 

 

 

PART I - FINANCIAL INFORMATION

 

 

 

 

Item 1.

Financial Statements (Unaudited)

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 4T.

Controls and Procedures

14

 

 

 

 

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.

(Removed and Reserved)

14

 

 

 

Item 5.

Other Information

14

 

 

 

Item 6.

Exhibits

14

 

 

 

 

SIGNATURES

16



2








PART I – FINANCIAL INFORMATION

ITEM 1.

FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Prospectus under Form 424B2 filed with the SEC on July 13, 2011. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year ending March 31, 2012.






INDEX TO INTERIM FINANCIAL STATEMENTS


FOR THE PERIOD FROM JANUARY 24, 2011 (INCEPTION) TO JUNE 30, 2011




Page



Balance Sheets – June 30, 2011 (unaudited) and March 31, 2011

4


Statements of Operations for the Three Months Ended June 30, 2011 (unaudited) and

Cumulative From Inception (January 24, 2011) through June 30, 2011 (unaudited)

5


Statement of Stockholder’s Equity (Deficit) from inception on January 24, 2011

through June 30, 2011 (unaudited)

6


Statements of Cash Flows for the Three Months Ended June 30, 2011 (unaudited) and

Cumulative From Inception (January 24, 2011) through June 30, 2011 (unaudited)

7


Notes to Interim Financial Statements

8



_______________________________________



3





CLEAR SYSTEM RECYCLING, INC.

 (A Development Stage Company)

Balance Sheets




 

 

 

 

 

 

 

June 30,

2011

 

March 31,

2011

 

 

(Unaudited)

 

 

ASSETS

 


 


Current Assets

 


 


   Cash

$

10,290

$

12,944

   Prepaid legal fees

 

-

 

2,233

      Total Current Assets

 

10,290

 

15,177

 

 


 


TOTAL ASSETS

$

10,290

$

15,177

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUTIY

 

 

 

 

 

 


 


LIABILITIES

 


 


Current Liabilities

 


 


Accounts payable and accrued liabilities

$

1,185

$

-

 

 


 


TOTAL LIABILITIES

 

1,185

 

-

 

 


 


STOCKHOLDERS’ EQUITY (note 3)

 


 


   Preferred stock, par value $0.001, 15,000,000 shares

     authorized, none issued and outstanding

 

-

 

-

   Common Stock, par value $0.001, 100,000,000 shares

     authorized, 2,280,000 and 2,180,000 shares issued         

     and outstanding, respectively

 

2,280

 

2,180

   Additional paid-in capital

 

21,720

 

16,820

   Deficit accumulated during the development stage

 

(14,895)

 

(3,823)

      Total Stockholders’ Equity

 

9,105

 

15,177

 

 


 


TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

10,290

$

15,177

 

 


 





The accompanying notes are an integral part of these financial statements



4





CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Statements of Operations

(Unaudited)


 

Three Months

Ended

June 30,

2011

 

Cumulative

From Inception

(January 24, 2011) to

June 30,

2011

 

 


 

 


REVENUES:

$

-

 

$

-

 

 


 

 


OPERATING EXPENSES:

 


 

 

 

General and administrative

 

3,400

 

 

4,130

Professional fees

 

7,672

 

 

10,765

      Total Operating Expenses

 

 11,072

 

 

 14,895

 

 


 

 

 

OTHER INCOME AND EXPENSE

 

-

 

 

-

 

 


 

 

 

NET LOSS APPLICABLE TO COMMON SHARES

$

(11,072)

 

$

(14,895)

 

 

 

 

 

 

Basic and Diluted Loss per Common Share

$

(0.00)

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 

2,258,889

 

 

 









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



5






CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Statement of Changes in Stockholders’ Equity

From Inception on January 24, 2011 through June 30, 2011



 

Common Shares

 

Additional Paid-In

 

Deficit Accumulated During the Development

 

Total Stockholders’

 

Shares

 

Amount

 

Capital

 

Stage

 

Equity

 

 

 

 

 

 

 


 


Balance- January 24, 2011 (Inception)

-

$

-

$

-

$

 -

$

-

 

 

 

 

 

 

 

 

 


Common shares issued for cash at    $0.005 per share  

2,000,000

 

2,000

 

8,000

 

 -

 

 10,000

 

 

 

 

 

 

 

 

 

 

Common shares issued for cash at    $0.05 per share

180,000

 

180

 

8,820

 

 -

 

 9,000

 

 

 

 

 

 

 

 

 

 

Net loss

-

 

-

 

-

 

 (3,823)

 

 (3,823)

 

 

 

 

 

 

 

 

 

 

Balance - March 31, 2011

2,180,000

 

2,180

 

16,820

 

 (3,823)

 

 15,177

 

 

 

 

 

 

 

 

 

 

Common shares issued for cash at    $0.05 per share (Unaudited)

100,000

 

100

 

4,900

 

 -

 

 5,000

 

 

 

 

 

 

 

 

 

 

Net loss (Unaudited)

-

 

-

 

-

 

 (11,072)

 

 (11,072)

 

 

 

 

 

 

 

 

 

 

Balance - June 30, 2011 (Unaudited)

2,280,000

$

2,280

$

21,720

$

 (14,895)

$

 9,105

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 


 





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



6






CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)



 

Three Months

Ended

June 30,

2011

 

Cumulative

From Inception

(January 24, 2011) to

June 30,

2011

 

 


 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES

 


 

 

 

   Net loss

$

(11,072)

 

$

(14,895)

Adjustments to reconcile net loss to net cash provided (used) by operating activities:

 


 

 


Changes in operating assets and liabilities:

 


 

 


Prepaid legal fees

 

2,233

 

 

-

Accounts payable and accrued liabilities

 

1,185

 

 

1,185

   Net cash used in operating activities

 

(7,654)

 

 

(13,710)

 

 


 

 


CASH FLOWS FROM INVESTING ACTIVITIES

 


 

 


   Net cash provided by (used in) investing activities

 

-

 

 

-

 

 


 

 


CASH FLOWS FROM FINANCING ACTIVITIES

 


 

 


   Issuance of common stock for cash

 

5,000

 

 

24,000

   Net cash provided by financing activities

 

5,000

 

 

24,000

 

 


 

 


Net increase (decrease) in cash and cash equivalents

 

(2,654)

 

 

10,290

 

 


 

 


Cash and cash equivalents - beginning of period

 

12,944

 

 

-

 

 


 

 


Cash and cash equivalents - end of period

$

10,290

 

$

10,290

 

 


 

 


Supplemental Cash Flow Disclosure:

 

 

 

 

 

Cash paid for interest

$

-

 

$

-

Cash paid for income taxes

$

-

 

$

-

 

 


 

 






The accompanying notes are an integral part of these financials.




7




CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Condensed Notes to Interim Financial Statements

June 30, 2011

(Unaudited)



NOTE 1 -

CONDENSED FINANCIAL STATEMENTS


The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2011, and for all periods presented herein, have been made.


Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's March 31, 2011 audited financial statements.  The results of operations for the period ended June 30, 2011 are not necessarily indicative of the operating results for the full year.

  

NOTE 2 -

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.

Cash and Cash Equivalents


Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.  The Company had $10,290 and $12,944 in cash and cash equivalents at June 30, 2011 and March 31, 2011, respectively.


Start-Up Costs


In accordance with FASC 720-15-20, “Start-up Activities”, the Company expenses all costs incurred in connection with the start-up and organization of the Company.


Net Income or (Loss) Per Share of Common Stock


The Company has adopted FASC Topic No. 260, “Earnings per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.




8




CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Condensed Notes to Interim Financial Statements

June 30, 2011

(Unaudited)



NOTE 2 -

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


The following table sets forth the computation of basic and diluted earnings per share, for the three months ended June 30, 2011:


Net loss applicable to Common Shares

$

(11,072)

 

 

 

Weighted average common shares

 

 

  outstanding (Basic)

 

2,258,889

Weighted average common shares

 

 

  outstanding (Diluted)

 

2,258,889

 

 

 

Net loss per share (Basic and Diluted)

$

     (0.00)


The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.


Concentrations of Credit Risk


The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future.  The Company places its cash and cash equivalents with financial institutions of high credit worthiness.  At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits.  The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.


Revenue Recognition


The Company recognizes revenue from the sale of products and services in accordance with FASC Topic No. 605, “Revenue Recognition.”  No revenue has been recognized since inception.  However, the Company will recognize revenue only when all of the following criteria have been met:


i)

Persuasive evidence for an agreement exists;

ii)

Service has been provided;

iii)

The fee is fixed or determinable; and

iv)

Revenue is reasonably assured.


Recent Accounting Pronouncements


In June 2009, the FASB established the Accounting Standards Codification (“Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.




9




CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Condensed Notes to Interim Financial Statements

June 30, 2011

(Unaudited)



NOTE 2 -

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


Statement of Financial Accounting Standards (“SFAS”) No. 165 (ASC Topic 855), “Subsequent Events”, SFAS No. 166 (ASC Topic 810), “Accounting for Transfers of Financial Assets-an Amendment of FASB Statement No. 140”, SFAS No. 167 (ASC Topic 810), “Amendments to FASB Interpretation No. 46(R),” and SFAS No. 168 (ASC Topic 105), “The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles- a replacement of FASB Statement No. 162” were recently issued. SFAS No. 165, 166, 167, and 168 have no current applicability to the Company or their effect on the financial statements would not have been significant.

Accounting Standards Update (“ASU”) ASU No. 2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures – Overall, ASU No. 2010-19 (ASC Topic 605), Multiple Deliverable Revenue Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software Elements, and various other ASU’s No. 2009-02 through ASU No. 2011-07 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.


NOTE 3 -   CAPITAL STOCK

Authorized Stock


The Company has authorized 100,000,000 common shares and 15,000,000 preferred shares, both with a par value of $0.001 per share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.


Share Issuance


Since inception (January 24, 2011) to June 30, 2011, the Company has issued 2,000,000 common shares at $0.005 per share for $10,000 in cash, and 2,280,000 common shares at $0.05 per share for $14,000 in cash, for total cash proceeds of $24,000, being $2,280 for par value shares and $21,720 for capital in excess of par value.  There were 2,280,000 and 2,180,000 common shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively.  Of these shares, 2,000,000 were issued to two directors and officers of the Company.

There are no preferred shares outstanding.  The Company has issued no authorized preferred shares.  The Company has no stock option plan, warrants or other dilutive securities.

NOTE 4 -

GOING CONCERN AND LIQUIDITY CONSIDERATIONS


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  As at June 30, 2011, the Company has a loss from operations of $11,072, an accumulated deficit of $14,895 and has earned no revenues since inception.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending March 31, 2012.






10




CLEAR SYSTEM RECYCLING, INC.

(A Development Stage Company)

Condensed Notes to Interim Financial Statements

June 30, 2011

(Unaudited)



NOTE 4 -

GOING CONCERN AND LIQUIDITY CONSIDERATIONS (continued)


The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.  In

response to these problems, management intends to raise additional funds through public or private placement offerings.


These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.


NOTE 5 -

SUBSEQUENT EVENTS


In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no material subsequent events to report.





11







ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses.  Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language.  Our actual results may differ significantly from those projected in the forward-looking statements.  Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the “Description of Business – Risk Factors” section in our Prospectus on Form 424B2, as filed on July 13, 2011.  You should carefully review the risks described in our Prospectus and in other documents we file from time to time with the Securities and Exchange Commission.  You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report.  We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the “Company,” “Clear System,” “we,” “us,” or “our” are to Clear System Recycling, Inc.

Results of Operations


We have not commenced operations and have generated no revenues to date.


We incurred operating expenses of $11,072 for the three months ended June 30, 2011. These expenses consisted of general operating expenses for preparation of our website and professional fees for preparation and filing of our S-1 Registration Statement.


Our net loss from inception (January 24, 2011) through June 30, 2011 was $14,895.


Cash provided by financing activities for the period from inception (January 24, 2011) through June 30, 2011, was $24,000.  We received our initial funding of $10,000 through the sale of common stock to our officers and directors.  Brian Pollard purchased 1,000,000 shares of our common stock at $0.005 per share on January 27, 2011, for $5,000.  Cheryl Nesler purchased 1,000,000 shares of our common stock at $0.005 per share on January 27, 2011, for $5,000.  During March and April 2011, we sold 280,000 common shares at a per share price of $0.05 to eleven non-affiliated private investors, for $14,000.


Liquidity and Capital Resources


The report of our auditors on our audited financial statements for the period ended March 31, 2011, contains a going concern qualification as we have suffered losses since our inception.  We have minimal assets and have not achieved operating revenues since our inception.  We have depended on sales of equity securities to conduct operations.


Our cash balance at June 30, 2011, was $10,290.  In order to achieve our business plan goals, we raised $43,000 from the sale of 1,075,000 registered shares pursuant to our S-1 Registration Statement filed with the SEC under file number 333-174155 which became effective on July 12, 2011.







The funds on hand prior to the Offering and the funds raised pursuant o the Offering will provide us with sufficient capital for the next 12-months.


Plan of Operation

CSR is a development stage company that has no active operations, no revenue, no financial backing and limited assets.  Our plan is to develop a hospital-based business offering waste divergence programs and strategies to help hospitals better recycle.  The Company will play an educational role bringing hospital administrators, staff, and recycling professionals together to formulate workable conservation solutions.  Professional fees and retainers will be charged for our services, and incentives attached to performance.  A specific referral program is planned, whereby whenever a partner hospital successfully refers our services to another, financial as well as value-added incentives will be returned to the partner hospital.

We will start operations by contracting out the development of the website.  During the first year of operations, the 12 month period from the date of this report, CSR will concentrate on finding the required investment capital, apply to get its common stock listed for trading, develop its website, prospect for clients, and market our services

We will begin construction of our RIW (recycling interactive website) on-line platform that will be the central base for our educational and interactive programs.   The website’s content and function will be geared toward making the process of recycling easy, engaging, informative, and interactive. Partner hospitals will have their own unique secure log-in that will give them access to timely information on the status of their own recycling initiatives. Progress will be constantly checked and analyzed for improvement. Our RIW platform will also be well optimized for Google organic search results and will have a call to action on the home page that should serve to attract inquiries and possible sales leads.

We anticipate that development of our RIW website will take approximately three months and then, in the next three months, we will begin our hospital outreach marketing to source prospective hospitals through one-on-one interaction.  We will also explore taking out ads in key trade magazines or other industry related websites.  We will focus our marketing on the West Coast, targeting clients in Washington, Oregon, California, Nevada, and Ontario, Canada.  We will not purchase a computer server or begin development of the website until after the close of our Offering.

If we do not retain sufficient funds to proceed with the implementation of our business plan, we may have to find alternative sources of funds, like  a private placement of securities, or loans from our officers or third parties (such as banks or other institutional lenders).  Equity financing could result in additional dilution to then existing shareholders.

If we are unable to meet our needs for cash, or possible alternative sources, then we may be unable to continue to maintain, develop or expand our operations.

We have no plans to undertake any product research and development during the next 12 months.

Off-Balance Sheet Arrangements


We have never entered into any off-balance sheet financing arrangements and have not formed any special purpose entities.  We have not guaranteed any debt or commitments of other entities or entered into any options on non-financial assets.


ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not applicable.




13






ITEM 4T.

CONTROLS AND PROCEDURES

Evaluation of Our Disclosure Controls

Under the supervision and with the participation of our senior management, including our chief executive officer and chief financial officer, Brian Pollard, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this quarterly report (the “Evaluation Date”).  Based on this evaluation, our chief executive officer and chief financial officer concluded as of the Evaluation Date that our disclosure controls and procedures were effective such that the information relating to us, required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2011, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

In the ordinary course of our business, we may from time to time become subject to routine litigation or administrative proceedings which are incidental to our business. We are not a party to nor are we aware of any existing, pending or threatened lawsuits or other legal actions involving us.

ITEM 1A.

RISK FACTORS

Not applicable.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

We did not issue unregistered equity securities during the quarter ended June 30, 2011.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

(REMOVED AND RESERVED)

ITEM 5.

OTHER INFORMATION

None.

ITEM 6.

EXHIBITS

The following exhibits are included as part of this report:

Exhibit No.

Description



14






31.1 / 31.2

Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Executive and Financial Officer

32.1 / 32.2

Rule 1350 Certification of Principal Executive and Financial Officer



15






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.




CLEAR SYSTEM RECYCLING, INC.



Dated:  August 12, 2011

By:

/s/ Brian Pollard

Brian Pollard
President, Principal Executive and Financial Officer






16



EX-31 2 csrcertificationsjun302011ex.htm THSM - Form 10-Q - Q/E 6/30/10 (00113251).DOC

EXHIBIT 31.1 / 31.2

CERTIFICATIONS


I, Brian Pollard, certify that:


1.

I have reviewed this quarterly report on Form 10-Q of Clear System Recycling, 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.

I am 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

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

(a)

All significant deficiencies and material weakness 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:  August 12, 2011

/s/ Brian Pollard

Brian Pollard

Principal Executive and Financial Officer





EX-32 3 exhibit32.htm EX 32

EXHIBIT 32.1 / 32.2


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 Clear System Recycling, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brian Pollard, Principal Executive and 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.


A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.  


/s/ Brian Pollard

Name:  Brian Pollard

Title:    Principal Executive and Financial Officer

Date:    August 12, 2011










EX-100.INS 4 none-20110630.xml 0001514888 2011-04-01 2011-06-30 0001514888 2011-08-01 0001514888 2011-06-30 0001514888 2011-03-31 0001514888 2011-01-25 2011-06-30 0001514888 us-gaap:CommonStockMember 2011-01-24 0001514888 us-gaap:AdditionalPaidInCapitalMember 2011-01-24 0001514888 us-gaap:RetainedEarningsMember 2011-01-24 0001514888 2011-01-24 0001514888 us-gaap:CommonStockMember 2011-01-25 2011-03-31 0001514888 us-gaap:AdditionalPaidInCapitalMember 2011-01-25 2011-03-31 0001514888 us-gaap:RetainedEarningsMember 2011-01-25 2011-03-31 0001514888 2011-01-25 2011-03-31 0001514888 us-gaap:CommonStockMember 2011-03-31 0001514888 us-gaap:AdditionalPaidInCapitalMember 2011-03-31 0001514888 us-gaap:RetainedEarningsMember 2011-03-31 0001514888 us-gaap:CommonStockMember 2011-04-01 2011-06-30 0001514888 us-gaap:AdditionalPaidInCapitalMember 2011-04-01 2011-06-30 0001514888 us-gaap:RetainedEarningsMember 2011-04-01 2011-06-30 0001514888 us-gaap:CommonStockMember 2011-06-30 0001514888 us-gaap:AdditionalPaidInCapitalMember 2011-06-30 0001514888 us-gaap:RetainedEarningsMember 2011-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares 10-Q false 2011-06-30 2012 Q1 CLEAR SYSTEM RECYCLING, INC. 0001514888 --03-31 Smaller Reporting Company 2280000 10290 12944 0 2233 10290 15177 10290 15177 1185 0 1185 0 0 0 2280 2180 21720 16820 -14895 -3823 9105 15177 10290 15177 0.001 0.001 15000000 15000000 0 0 0 0 0.001 0.001 100000000 100000000 2280000 2180000 2280000 2180000 0 0 3400 4130 7672 10765 11072 14895 0 0 -11072 -14895 -0.00 2258889 0 0 0 0 0 2000000 2000 8000 0 10000 180000 180 8820 0 9000 0 0 -3823 -3823 2180000 2180 16820 -3823 100000 100 4900 0 5000 0 0 -11072 2280000 2280 21720 -14895 2233 0 1185 1185 -7654 -13710 0 0 5000 24000 5000 24000 -2654 10290 0 0 0 0 0 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">NOTE 1 -&#160; CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The accompanying financial statements have been prepared by the Company without audit. &#160;In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2011, and for all periods presented herein, have been made.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. &#160;It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company&#8217;s March 31, 2011 audited financial statements. &#160;The results of operations for the period ended June 30, 2011 are not necessarily indicative of the operating results for the full year.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">NOTE 2 -&#160; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Use of Estimates</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period.&#160; Actual results could differ from those estimates. The Company&#8217;s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Cash and Cash Equivalents</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.&#160; The Company had $10,290 and $12,944 in cash and cash equivalents at June 30, 2011 and March 31, 2011, respectively. </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Start-Up Costs</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">In accordance with FASC 720-15-20, &#8220;</font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Start-up Activities&#8221;,</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;"> the Company expenses all costs incurred in connection with the start-up and organization of the Company.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Net Income or (Loss) Per Share of Common Stock</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The Company has adopted FASC Topic No. 260, </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;Earnings per Share,&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;"> (&#8220;EPS&#8221;) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation.&#160; In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:20.0pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The following table sets forth the computation of basic and diluted earnings per share, for the three months ended June 30, 2011:</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:20.0pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <div align="center"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:0px;"> <tr style="height:9.45pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:9.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">Net loss applicable to Common Shares</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="border-bottom:solid windowtext 1.0pt;height:9.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:solid windowtext 1.0pt;height:9.45pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:11.0pt;">(11,072)</font></p> </td> </tr> <tr style="height:8.5pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:8.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:8.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:8.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">Weighted average common shares</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> </tr> <tr style="height:15.0pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">outstanding (Basic)</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:15.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">2,258,889</font></p> </td> </tr> <tr style="height:13.95pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:13.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">Weighted average common shares</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="border-top:solid windowtext 1.0pt;height:13.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-top:solid windowtext 1.0pt;height:13.95pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> </tr> <tr style="height:12.15pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:12.15pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">outstanding (Diluted)</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="border-bottom:double windowtext 2pt;height:12.15pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2pt;height:12.15pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">2,258,889</font></p> </td> </tr> <tr style="height:.15in;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:.15in;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="height:.15in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="height:.15in;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> </td> </tr> <tr style="height:9.0pt;"> <td nowrap="nowrap" valign="bottom" width="72%" style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color="black" style="font-family:Times New Roman,serif;font-size:11.0pt;">Net loss per share (Basic and Diluted)</font></p> </td> <td nowrap="nowrap" valign="top" width="6%" style="border-bottom:double windowtext 2pt;height:9.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:11.0pt;">$</font></p> </td> <td nowrap="nowrap" valign="bottom" width="22%" style="border-bottom:double windowtext 2pt;height:9.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;&#160;&#160;&#160; (0.00)</font></p> </td> </tr> </table> </div> <p style="margin:0in;margin-bottom:.0001pt;margin-left:20.0pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:20.0pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Concentrations of Credit Risk</font></i></p> <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The Company&#8217;s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. &#160;The Company places its cash and cash equivalents with financial institutions of high credit worthiness. &#160;At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. &#160;The Company&#8217;s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Revenue Recognition</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The Company recognizes revenue from the sale of products and services in accordance with FASC Topic No. 605, </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;Revenue Recognition.&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">No revenue has been recognized since inception.&#160; However, the Company will recognize revenue only when all of the following criteria have been met:</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:-.35in;"><font lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;">i)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Persuasive evidence for an agreement exists;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:-.35in;"><font lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;">ii)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Service has beenprovided;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:-.35in;"><font lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;">iii)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The fee is fixed or determinable; and </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:-.35in;"><font lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;">iv)</font><font lang="EN-US" style="font-family:Times New Roman;font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Revenue is reasonably assured.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Recent Accounting Pronouncements</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">In June 2009, the FASB established the Accounting Standards Codification (&#8220;Codification&#8221; or &#8220;ASC&#8221;) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (&#8220;GAAP&#8221;). Rules and interpretive releases of the Securities and Exchange Commission (&#8220;SEC&#8221;) issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin:0in;margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Statement of Financial Accounting Standards (&#8220;SFAS&#8221;) No. 165 (ASC Topic 855), </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;Subsequent Events&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">, SFAS No. 166 (ASC Topic 810), </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;Accounting for Transfers of Financial Assets-an Amendment of FASB Statement No. 140&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">, SFAS No. 167 (ASC Topic 810), </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;Amendments to FASB Interpretation No. 46(R),&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;"> and SFAS No. 168 (ASC Topic 105), </font><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#8220;The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles- a replacement of FASB Statement No. 162&#8221;</font></i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;"> were recently issued. SFAS No. 165, 166, 167, and 168 have no current applicability to the Company or their effect on the financial statements would not have been significant.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Accounting Standards Update (&#8220;ASU&#8221;) ASU No. 2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures &#8211; Overall, ASU No. 2010-19 (ASC Topic 605), Multiple Deliverable Revenue Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software Elements, and various other ASU&#8217;s No. 2009-02 through ASU No. 2011-07 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></b></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">NOTE 3 -&#160;&#160; CAPITAL STOCK</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Authorized Stock</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">The Company has authorized 100,000,000 common shares and 15,000,000 preferred shares, both with a par value of $0.001 per share.&#160; Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Share Issuance</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:50%;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">Since inception (January 24, 2011) to June 30, 2011, the Company has issued 2,000,000 common shares at $0.005 per share for $10,000 in cash, and 2,280,000 common shares at $0.05 per share for $14,000 in cash, for total cash proceeds of $24,000, being $2,280for par value shares and $21,720 for capital in excess of par value.&#160; There were 2,280,000and 2,180,000 common shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively.&#160; Of these shares, 2,000,000 were issued to two directors and officers of the Company.</font></p> <p style="margin:0in;margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">There are no preferred shares outstanding.&#160; The Company has issued no authorized preferred shares.&#160; The Company has no stock option plan, warrants or other dilutive securities.</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">NOTE 4 -&#160; GOING CONCERN AND LIQUIDITY CONSIDERATIONS&#160; </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-GB" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.&#160; As at June 30, 2011, the Company has a loss from operations of $11,072, an accumulated deficit of $14,895 and has earned no revenues since inception.&#160; The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending March 31, 2012.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:12.0pt;">&#160;</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-GB" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.&#160; In </font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-GB" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">response to these problems, management intends to raise additional funds through public or private placement offerings.</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-GB" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">&#160;</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-GB" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">These factors, among others, raise substantial doubt about the Company&#8217;s ability to continue as a going concern.&#160; The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">NOTE 5 -&#160; SUBSEQUENT EVENTS</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></p> <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font color="black" lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;line-height:12.0pt;">In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no material subsequent events to report</font><font color="black" lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;line-height:12.0pt;">.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;">&#160;</font></b></p> <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Times New Roman,serif;font-size:11.0pt;letter-spacing:-.15pt;">&#160;</font></p> <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font lang="EN-US" style="font-family:Arial,sans-serif;font-size:10.0pt;letter-spacing:-.15pt;">&#160;</font></p> EX-100.SCH 5 none-20110630.xsd 1001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2001 - Statement - Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 2002 - Statement - BALANCE SHEET PARENTHETICAL link:presentationLink link:calculationLink link:definitionLink 2003 - Statement - Statements of Operations link:presentationLink link:calculationLink link:definitionLink 2004 - Statement - Statement of Changes in Stockholders’ Equity link:presentationLink link:calculationLink link:definitionLink 2005 - Statement - Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 3001 - Disclosure - - CONDENSED FINANCIAL STATEMENTS link:presentationLink link:calculationLink link:definitionLink 3002 - Disclosure - - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 3003 - Disclosure - - CAPITAL STOCK link:presentationLink link:calculationLink link:definitionLink 3004 - Disclosure - - GOING CONCERN AND LIQUIDITY CONSIDERATIONS link:presentationLink link:calculationLink link:definitionLink 3005 - Disclosure - - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink EX-100.DEF 6 none-20110630_def.xml EX-100.LAB 7 none-20110630_lab.xml Document and Entity Information [Abstract] Document and Entity Information. Amendment Flag Current Fiscal Year End Date Document Fiscal Period Focus Document Fiscal Year Focus Document Period End Date Document Type Entity Central Index Key Entity Common Stock, Shares Outstanding Entity Filer Category Entity Registrant Name Common shares issued for cash at $0.005 per share (in shares) (Statement Of Equity) Common shares issued for cash at $0.005 per share (in shares) Number of new stock issued during the period. Common shares issued for cash at $0.005 per share (Statement Of Equity) Common shares issued for cash at $0.005 per share Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Accounts Payable and Accrued Liabilities, Current Accounts payable and accrued liabilities Additional Paid in Capital, Common Stock Additional paid-in capital Additional Paid-in Capital [Member] Additional Paid-In Capital Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustment to reconcile net loss to net cash provided (used) by operating activities: Assets TOTAL ASSETS Assets [Abstract] ASSETS Assets, Current Total Current Assets Assets, Current [Abstract] Current Assets Business Description and Basis of Presentation [Text Block] - CONDENSED FINANCIAL STATEMENTS Cash and Cash Equivalents, at Carrying Value Cash Cash and cash equivalents - beginning of period Cash and cash equivalents - end of period Cash and Cash Equivalents, Period Increase (Decrease) Net increase (decrease) in cash and cash equivalents Common Stock [Member] Common Stock Common Stock, Par or Stated Value Per Share Common Stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued Common Stock, Shares, Outstanding Common stock, shares outstanding Common Stock, Value, Issued Common Stock, par value $0.001, 100,000,000 shares authorized, 2,280,000 and 2,180,000 shares issued and outstanding, respectively Earnings Per Share, Basic and Diluted Basic and Diluted Loss per Common Share Equity Component [Domain] General and Administrative Expense General and administrative Income Statement [Abstract] Income Taxes Paid Cash paid for income taxes Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities Increase (Decrease) in Operating Capital [Abstract] Changes in operating assets and liabilities: Increase (Decrease) in Prepaid Expense Prepaid legal fees Interest Paid Cash paid for interest Liabilities TOTAL LIABILITIES Liabilities [Abstract] LIABILITIES Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities, Current [Abstract] Current Liabilities Liquidity Disclosure [Policy Text Block] - GOING CONCERN AND LIQUIDITY CONSIDERATIONS Net Cash Provided by (Used in) Financing Activities Net cash provided by financing activities Net Cash Provided by (Used in) Financing Activities [Abstract] CASH FLOWS FROM FINANCING ACTIVITIES Net Cash Provided by (Used in) Investing Activities Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities [Abstract] CASH FLOWS FROM INVESTING ACTIVITIES Net Cash Provided by (Used in) Operating Activities Net cash used in operating activities Net Cash Provided by (Used in) Operating Activities [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Net Income (Loss) Attributable to Parent Net loss NET LOSS APPLICABLE TO COMMON SHARES Operating Expenses Total Operating Expenses Operating Expenses [Abstract] OPERATING EXPENSES: Other Nonoperating Income (Expense) OTHER INCOME AND EXPENSE Preferred Stock, Par or Stated Value Per Share Preferred stock, par value Preferred Stock, Shares Authorized Preferred stock, shares authorized Preferred Stock, Shares Issued Preferred stock, shares issued Preferred Stock, Shares Outstanding Preferred stock, shares outstanding Preferred Stock, Value, Issued Preferred stock, par value $0.001, 15,000,000 shares authorized, none issued and outstanding Prepaid Expense, Current Prepaid legal fees Proceeds from Issuance of Common Stock Issuance of common stock for cash Professional Fees Professional fees Retained Earnings (Accumulated Deficit) Deficit accumulated during the development stage Retained Earnings [Member] Deficit Accumulated During the Development Stage Revenues REVENUES: Shares, Outstanding Beginning balance (in shares) Ending balance (in shares) Significant Accounting Policies [Text Block] - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Statement, Equity Components [Axis] Statement [Line Items] Statement of Cash Flows [Abstract] Statement of Financial Position [Abstract] Statement of Stockholders’ Equity [Abstract] Statement [Table] Stock Issued During Period, Shares, New Issues Common shares issued for cash at $0.05 per share (in shares) Stock Issued During Period, Value, New Issues Common shares issued for cash at $0.05 per share Stockholders’ Equity Attributable to Parent Total Stockholders’ Equity Beginning balance Ending balance Stockholders’ Equity Attributable to Parent [Abstract] STOCKHOLDERS’ EQUITY (note 3) Stockholders’ Equity Note Disclosure [Text Block] - CAPITAL STOCK Subsequent Events, Policy [Policy Text Block] - SUBSEQUENT EVENTS Supplemental Cash Flow Information [Abstract] Supplemental Cash Flow Disclosure: Weighted Average Number of Shares Outstanding, Basic Weighted Average Number of Common Shares Outstanding EX-100.PRE 8 none-20110630_pre.xml