0001530981-12-000075.txt : 20120713 0001530981-12-000075.hdr.sgml : 20120713 20120713161840 ACCESSION NUMBER: 0001530981-12-000075 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20120531 FILED AS OF DATE: 20120713 DATE AS OF CHANGE: 20120713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREEN 4 MEDIA, INC. CENTRAL INDEX KEY: 0001526689 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 452511250 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-177305 FILM NUMBER: 12962084 BUSINESS ADDRESS: STREET 1: PO BOX 1108 CITY: KAMUELA STATE: HI ZIP: 96743 BUSINESS PHONE: 808-283-8888 MAIL ADDRESS: STREET 1: PO BOX 1108 CITY: KAMUELA STATE: HI ZIP: 96743 10-Q 1 g4m_may2012-10q.htm g4m_may2012-10q.htm - Generated by SEC Publisher for SEC Filing

 

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 May 31, 2012

 

or

 

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

 

For the transition period from ____________ to ________________

 

Commission file number: 333-177305

 

Green 4 Media, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Nevada

 

45-2511250

(State or other jurisdiction of incorporation or organization)

 

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

 

 

 

PO Box 1108, Kamuela, HI 96743

(Address of principal executive offices)

 

(808) 283-8888

(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 Website, 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 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 [ ] No [X]

As of July 5, 2012, there were 1,575,000 shares of the issuer’s common stock, par value $0.001, outstanding.

1

 


 
 

 

GREEN 4 MEDIA, INC.

 

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED MAY 31, 2012

TABLE OF CONTENTS

 

 

 

PAGE

 

 

 

 

PART I - FINANCIAL INFORMATION

 

 

 

 

Item 1.

Condensed Financial Statements (Unaudited)

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

12

 

 

 

Item 4.

Controls and Procedures

12

 

 

 

 

PART II - OTHER INFORMATION

 

 

 

 

Item 1.

Legal Proceedings

13

 

 

 

Item 1A.

Risk Factors

13

 

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

13

 

 

 

Item 3.

Defaults Upon Senior Securities

13

 

 

 

Item 4.

Mine Safety Disclosures

13

 

 

 

Item 5.

Other Information

13

 

 

 

Item 6.

Exhibits

14

 

 

 

 

SIGNATURES

15

 

2

 


 

 

 

PART I – FINANCIAL INFORMATION

 

Item 1.      Financial Statements.

 

The accompanying unaudited condensed 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 Rule 424(B)(2) filed with the SEC on January 11, 2012. 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 August 31, 2012.

 

 

 

 

GREEN 4 MEDIA, INC.

 

(A Development Stage Company)

 

INDEX TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

 

MAY 31, 2012

 

 

Page

Condensed Balance Sheets – May 31, 2012 (unaudited) and August 31, 2011

4

 

 

Condensed Statements of Operations for the Three and Nine Months Ended May 31, 2012 (unaudited) and Cumulative From Inception (June 8, 2011) through May 31, 2012 (unaudited)

5

 

 

Condensed Statements of Cash Flows for the Nine Months Ended May 31, 2012(unaudited) and Cumulative From Inception (June 8, 2011) through May 31, 2012 (unaudited)

6

 

 

Notes to Unaudited Condensed Financial Statements

7

 

 

 

_______________________________________

 

 

 

 

3

 


 

 

 

GREEN 4 MEDIA, INC.

 (A Development Stage Company)

Condensed Balance Sheets

 

 

ASSETS

 

 

May 31,

2012

 

August 31, 2011

 

 

(Unaudited) 

 

 

Current Assets

 

 

 

 

Cash and cash equivalents

$

31,529

$

8,766

Accounts receivable

 

5,784

 

-

Prepaid expenses

 

625

 

-

Total Current Assets

 

37,938

 

8,766

 

 

 

 

 

TOTAL ASSETS

$

37,938

$

8,766

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUTIY

 

 

 

 

 

LIABILITIES

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable and accrued liabilities

$

1,294

$

75

General excise tax payable

 

562

 

-

Due to related party

 

-

 

325

Total Current Liabilities

 

1,856

 

400

 

 

 

 

 

TOTAL LIABILITIES

 

1,856

 

400

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

Preferred stock, par value $0.001, 25,000,000 shares

authorized, none issued and outstanding

 

-

 

-

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

authorized, 1,575,000 and 1,000,000 shares issued and

outstanding, respectively

 

1,575

 

1,000

Additional paid-in capital

 

65,925

 

9,000

Deficit accumulated during the development stage

(31,418)

 

(1,634)

Total Stockholders’ Equity

 

36,082

 

8,366

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

37,938

$

8,766

 

 

 

 

 

 

 

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

4

 


 

 

 

GREEN 4 MEDIA, INC.

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)

 

 

 

 

 

 

For the Three

Months Ended

May 31,

2012

For the Nine

Months Ended

May 31,

2012

Cumulative

From Inception

(June 8, 2011) to

May 31,

2012

 

 

 

 

 

 

 

REVENUES

$

10,582

$

14,024

$

14,024

 

 

 

 

 

 

 

OPERATING EXPENSES:

 

 

 

 

 

 

Selling, general and administrative

 

12,781

 

17,590

 

 

18,586

Professional fees

 

12,555

 

26,218

 

26,856

Total Operating Expenses

 

25,336

 

43,808

 

45,442

 

 

 

 

 

 

 

NET LOSS

$

(14,754)

$

(29,784)

 

$

 

(31,418)

 

 

 

 

 

 

 

Basic and Diluted Loss per Common Share

$

(0.01)

$

(0.02)

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding, Basic and Diluted

 

1,574,457

 

1,331,259

 

 

 

 

 

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

5

 


 

 

GREEN 4 MEDIA, INC.

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)

 

 

 

 

 

 

 

 

 

For the Nine

Months Ended

May 31,

2012

 

Cumulative

From Inception (June 8, 2011) to May 31,

2012

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

Net loss

 

 

$

(29,784)

$

(31,418)

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

 

 

 

 

 

 

Expenses paid by related party

 

 

 

-

 

325

Changes in operating assets and liabilities:

 

 

 

 

 

 

Accounts receivable

 

 

 

(5,784)

 

(5,784)

Prepaid expenses

 

 

 

(625)

 

(625)

Accounts payable and accrued liabilities

 

 

 

1,219

 

1,294

General excise tax payable

 

 

 

562

 

562

Net cash used in operating activities

 

 

 

(34,412)

 

(35,646)

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

-

 

-

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

Issuance of common stock for cash

 

 

 

57,500

 

67,500

Payments to a related party

 

 

 

(325)

 

(325)

Net cash provided by financing activities

 

 

 

57,175

 

67,175

 

 

 

 

 

 

 

Net increase in cash and cash equivalents

 

 

 

22,763

 

31,529

 

 

 

 

 

 

 

Cash and cash equivalents - beginning of period

 

 

 

8,766

 

-

 

 

 

 

 

 

 

Cash and cash equivalents - end of period

 

 

$

31,529

$

31,529

 

 

 

 

 

 

 

Supplemental Cash Flow Disclosure:

 

 

 

 

 

 

Cash paid for interest

 

 

$

-

$

-

Cash paid for income taxes

 

 

$

-

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                                                 

 

 

The accompanying condensed notes are an integral part of these financials.

 

6

 


 
 

GREEN 4 MEDIA, INC.

(A Development Stage Company)

Notes to Unaudited Condensed Financial Statements

May 31, 2012

 

NOTE 1 -  THE COMPANY AND BASIS OF PRESENTATION

 

Green 4 Media, Inc. (the “Company”) is a Nevada corporation incorporated on June 8, 2011.  It is based in Kamuela, Hawaii, USA.  The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is August 31.

 

The Company is a development stage company that operates as an Eco Marketing and Advertising company offering solutions to clients wishing to stand out of the crowd by showing they care about the environment with the use of natural and sustainable materials in their advertising.  The Company has begun to recognize revenues from its planned operations after having devoted its activities to its formation and the raising of equity capital. 

 

The accompanying unaudited condensed financial statements of the Company were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). 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 pursuant to such rules and regulations. Management of the Company (“Management”) believes that the following disclosures are adequate and sufficient to make the information presented not misleading. These financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended August 31, 2011 included in the Company’s Prospectus (Rule 424(b)(2)), as filed with the SEC on January 11, 2012.

 

These unaudited condensed financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of Management, are necessary to present fairly the financial position and results of operations of the Company for the periods presented. Operating results for the nine months ended May 31, 2012, are not necessarily indicative of the results that may be expected for the year ending August 31, 2012 or for any other period.

 

NOTE 2 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Development Stage Company

 

The Company is considered to be in the development stage as defined in ASC 915 “Development Stage Entities.”  The Company is devoting substantially all of its efforts to development of business plans.

 

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.

7


 
 

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 $31,529 and $8,766 in cash and cash equivalents at May 31, 2012 and August 31, 2011, respectively.

 

Start-Up Costs

 

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

 

Accounts Receivable

 

Accounts receivable consist of charges for service provided to customers. An allowance for doubtful accounts is considered to be established for any amounts that may not be recoverable, which is based on an analysis of the Company’s customer credit worthiness, and current economic trends.  Based on management’s review of accounts receivable, no allowance for doubtful accounts was considered necessary.   Receivables are determined to be past due, based on payment terms of original invoices.  The Company does not typically charge interest on past due receivables.

 

Net Income or (Loss) Per Share of Common Stock

 

The Company has adopted ASC 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.

 

The following table sets forth the computation of basic and diluted earnings per share, for the nine months ended May 31, 2012:

 

 

 

 

 

May 31,

2012

Net loss applicable to Common Shares

 

 

$

(29,784)

 

 

 

 

 

Weighted average common shares

 

 

 

 

outstanding (Basic)

 

 

 

1,331,259

Weighted average common shares

 

 

 

 

outstanding (Diluted)

 

 

 

1,331,259

 

 

 

 

 

Net loss per share (Basic and Diluted)

 

 

$

(0.02)

 

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

 

Recent Accounting Pronouncements

 

Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.

8


 
 

 

NOTE 3 -   CAPITAL STOCK

 

Authorized Stock

 

The Company has authorized 100,000,000 common shares and 25,000,000 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 (June 8, 2011) to May 31, 2012, the Company has issued 1,000,000 common shares at $0.01 per share for $10,000 in cash, and 575,000 common shares at $0.10 per share for $57,500 in cash for total cash proceeds of $67,500.  There were 1,575,000 and 1,000,000 common shares issued and outstanding at May 31, 2012 and August 31, 2011, respectively.  Of these shares, 1,000,000 were issued to a director and officer 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 - DUE TO RELATED PARTY

 

As of May 31, 2012 and August 31, 2011, the Company was obligated to a director, who is also an officer and stockholder, for a non-interest bearing demand loan with a balance of $0 and $325, respectively.

 

NOTE 5 -  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 May 31, 2012, the Company has a loss from operations for the nine-month period ended of $29,784, an accumulated deficit of $31,418, and working capital of $36,082 and has earned $14,024 in 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 August 31, 2012.

 

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 6 -  SUBSEQUENT EVENTS

 

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

9


 
 

 

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 under Rule 424(B)(2), as filed on January 11, 2012.  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,” “Green 4 Media,” “we,” “us,” or “our” are to Green 4 Media, Inc.

 

Results of Operations

 

We have generated revenues of $14,024 since inception and have incurred $45,442 in expenses through May 31, 2012, resulting in a net loss of $31,418.

 

The following table provides selected financial data about our company for the period ended May 31, 2012 and the year ended August 31, 2011. 

 

Balance Sheet Date

 

May 31,

2012

 

August 31,

2011

 

 

 

 

 

 

 

Cash

 

$

31,529

 

$

8,766

Total Assets

 

$

37,938

 

$

8,766

Total Liabilities

 

$

1,856

 

$

400

Stockholders’ Equity

 

$

36,082

 

$

8,366

 

Plan of Operation

 

We have developed a web-based business offering eco-sustainable marketing and advertising solutions to prospects wishing to emphasize they care about the environment with the use of natural and sustainable materials.  The Company is virtual in nature, meaning that employees and contractors primarily work from home.  Our services are highly specialized and focus on creating campaigns for our clients that focus on communicating their brand through sustainable and natural mediums.  We also offer professional web and graphic designers to incorporate our client’s green message across various mediums.  Another aspect of our plan is to better educate our clients and empower them to understand the value of supporting environmental issues and minimizing their media choices’ environmental impact.

10


 
 

 

We began operations by contracting out the development of our company website.  Our website was completed and launched in February 2012.  During the first year of operations, the 12 month period from the date of this report, Green 4 Media will concentrate on finding the required investment capital, apply to get its common stock listed on an Over-the-Counter Bulletin Board, prospect for clients, and market our services.

 

Our website’s content utilizes SEO (Search Engine Optimization) to distribute our message on helping businesses communicate more naturally and sustainably.  The site is comprised of a minimum of 5,000 words and is constructed on a content-managed ‘Joomla’ platform.  The objective is to enhance our own Company’s profile to ‘expert’ status.  This status as an eco-expert in our field will elevate our own rankings and make it easy for prospective customers to find us.  A budget has been set aside for a targeted Google Adwords and banner advertising campaign.  A direct mail piece will also be produced highlighting our services and targeted to businesses fitting our demographic.  Time will be taken to properly research the best markets to target.  Introductory offers will also be incorporated into our website, banner advertising and direct mail marketing to improve response.  

 

In the next year, we will continue our advertising and marketing to source prospective clients through our SEO, Adwords, banner advertising, New and Social Media, direct mail strategies and existing network of business contacts, by developing the various ad campaigns needed for each advertising avenue.  We will also explore taking out advertisements in key trade magazines or other industry related websites.  We will focus our marketing on the West Coast, targeting clients in Washington, Oregon, California, Hawaii and Nevada.

 

In the event that we need additional funds, we will endeavour to proceed with our plan of operations by locating alternative sources of financing.  Although there are no written agreements in place, one form of alternative financing that may be available to us is self-financing through contributions from the officers and directors.  While the officers and directors have generally indicated a willingness to provide services and financial contributions if necessary, there are presently no agreements, arrangements, commitments, or specific understandings, either verbally or in writing, between the officers and directors and Green 4 Media.

 

During the first year of operations, our President and Director, Daniel Duval, will also provide his labor for an undetermined management fee.  We do not anticipate hiring any staff during the next 12 months of operation, and will rely on the services of outside contractors.

 

At present, we believe we have sufficient cash on hand to cover our expenses for the next 12 months and implement our business plan.  We may have to find alternative sources of funds, like a second public offering, 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 from either the money that we raise from our Offering, 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.

 

Limited Operating History; Need for Additional Capital

 

There is no historical financial information about us on which to base an evaluation of our performance.  We are a development stage company and have generated $14,024 in revenues from operations.  We cannot guarantee we will be successful in our business operations.  Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our website and possible cost overruns due to the price and cost increases in supplies and services.

 

At present, we only have enough cash on hand to cover expenses for the 12 months.

11


 
 

 

While the officers and directors have generally indicated a willingness to provide services and financial contributions if necessary, there are presently no agreements, arrangements, commitments, or specific understandings, either verbally or in writing, between the officers and directors and Green 4 Media. 

 

If we are unable to meet our needs for cash from either the money that we raised from our Offering, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

 

We have no plans to undertake any product research and development during the next twelve months.  There are also no plans or expectations to acquire or sell any plant or plant equipment in the first year of operations.

 

Liquidity and Capital Resources

 

The report of our auditors on our audited financial statements for the period ended August 31, 2011, contains a going concern qualification as we have suffered losses since our inception.  We have minimal assets and have achieved $14,024 in operating revenues since our inception.  We have depended on revenues, loans, and sales of equity securities to conduct operations.

 

We received our initial funding of $10,000 through the sale of common stock to an officer and director, who purchased 1,000,000 shares of common stock at $0.01 on June 9, 2011.  In September 2011 we received $21,000 from 9 non-affiliated investors who purchased 210,000 shares of our common stock at $0.10 per share.  In February and March 2012 we received $36,500 from 24 non-affiliated investors who purchased 365,000 shares of our common stock through our initial public offering.  Our financial statements from inception (June 8, 2011) through the period ended May 31, 2012, reported revenues of $14,024 and a net loss of $31,418.  Our financial statements for the nine-month period ended May 31, 2012, reported revenues of $14,024 and a net loss of $29,784. 

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on 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 Disclosures About Market Risk.

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

Item 4.  Controls and Procedures.

 

Management’s Report on Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

 

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principle accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.

12


 
 

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended May 31, 2012, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

 

PART II – OTHER INFORMATION

 

Item 1.  Legal Proceedings.

 

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

 

Item 1A.  Risk Factors.

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

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

 

We did not issue unregistered equity securities during the quarter ended May 31, 2012.

 

On October 13, 2011, the Company filed a registration statement on Form S-1, containing a Prospectus for the sale of 800,000 shares of the Company’s common stock at $0.10 per share.  That Prospectus was declared effective January 10, 2012, and the Company closed the offering on June 4, 2012. The Company sold 365,000 shares of common stock to 24 unaffiliated investors for proceeds of $36,500.

 

Item 3.  Defaults Upon Senior Securities.

 

None.

 

Item 4.  Mine Safety Disclosures

 

Not applicable.

 

Item 5.  Other Information.

 

None.

13


 
 

 

Item 6.  Exhibits.

 

The following exhibits are included as part of this report:

 

Exhibit No.      Description

 

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

101.INS*         XBRL Instance

101.SCH*        XBRL Taxonomy Extension Schema

101.CAL*        XBRL Taxonomy Extension Calculations

101.DEF*        XBRL Taxonomy Extension Definitions

101.LAB*        XBRL Taxonomy Extension Labels

101.PRE*        XBRL Taxonomy Extension Presentation

 

*  XBRL 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.

14


 
 

 

SIGNATURES  

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

 

GREEN 4 MEDIA, INC.  

 

(Registrant)

 

 

 

 

Dated: July 13, 2012

/s/ Daniel Duval

 

Daniel Duval

 

President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director

 

(Principal Executive, Financial, and Accounting Officer)

 

 

 

15


 
EX-31 2 exhibit31.htm exhibit31.htm - Generated by SEC Publisher for SEC Filing

 

Exhibit 31

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

 

I, Daniel Duval certify that:

 

  1. I have reviewed this quarterly report of Green 4 Media, Inc.
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;
  4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the Registrant and have:

 

    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the report is being prepared;
    2. 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;
    3. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
    4. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

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

 

    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and
    2. 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:   July 13, 2012

 

 

/s/ Daniel Duval

                                                             

Daniel Duval

CEO, CFO

 

 


 
EX-32 3 exhibit32.htm exhibit32.htm - Generated by SEC Publisher for SEC Filing

 

Exhibit 32

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

 

 

In connection with the Quarterly Report of Green 4 Media, Inc., a Nevada corporation (the “Company”), on Form 10-Q for the quarter ending May 31, 2012, as filed with the Securities and Exchange Commission (the “Report”), I, Daniel Duval, Chief Executive Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to my knowledge:

 

(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.

 

 

/s/ Daniel Duval

___________                          _

Daniel Duval

CEO/CFO

 

Dated: July 13, 2012

 

 

 

 

 


 
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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 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 Operating Expenses Total Operating Expenses Operating Expenses [Abstract] OPERATING EXPENSES: 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, 25,000,000 shares authorized, none issued and outstanding Prepaid Expense, Current Prepaid expenses Proceeds from Issuance of Common Stock Issuance of common stock for cash Professional Fees Professional fees Related Party Transactions Disclosure [Text Block] - DUE TO RELATED PARTY Revenues REVENUES Sales and Excise Tax Payable, Current General excise tax payable Selling, General and Administrative Expense Selling, general and administrative Significant Accounting Policies [Text Block] - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Statement [Line Items] Statement of Cash Flows [Abstract] Statement of Financial Position [Abstract] Statement [Table] Stockholders’ Equity Attributable to Parent Total Stockholders’ Equity Stockholders’ Equity Attributable to Parent [Abstract] STOCKHOLDERS’ EQUITY Stockholders’ Equity Note Disclosure [Text Block] - CAPITAL STOCK Subsequent Events [Text Block] - SUBSEQUENT EVENTS Supplemental Cash Flow Information [Abstract] Supplemental Cash Flow Disclosure: Weighted Average Number of Shares Outstanding, Basic 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- DUE TO RELATED PARTY
9 Months Ended
May 31, 2012
- DUE TO RELATED PARTY

NOTE 4 - DUE TO RELATED PARTY

 

As of May 31, 2012 and August 31, 2011, the Company was obligated to a director, who is also an officer and stockholder, for a non-interest bearing demand loan with a balance of $0 and $325, respectively.

 

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- CAPITAL STOCK
9 Months Ended
May 31, 2012
- CAPITAL STOCK

NOTE 3 -   CAPITAL STOCK

 

Authorized Stock

 

The Company has authorized 100,000,000 common shares and 25,000,000 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 (June 8, 2011) to May 31, 2012, the Company has issued 1,000,000 common shares at $0.01 per share for $10,000 in cash, and 575,000 common shares at $0.10 per share for $57,500 in cash for total cash proceeds of $67,500.  There were 1,575,000 and 1,000,000 common shares issued and outstanding at May 31, 2012 and August 31, 2011, respectively.  Of these shares, 1,000,000 were issued to a director and officer 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.

 

XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Unaudited) (USD $)
May 31, 2012
Aug. 31, 2011
Current Assets    
Cash and cash equivalents $ 31,529 $ 8,766
Accounts receivable 5,784 0
Prepaid expenses 625 0
Total Current Assets 37,938 8,766
TOTAL ASSETS 37,938 8,766
Current Liabilities    
Accounts payable and accrued liabilities 1,294 75
General excise tax payable 562 0
Due to related party 0 325
Total Current Liabilities 1,856 400
TOTAL LIABILITIES 1,856 400
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.001, 25,000,000 shares authorized, none issued and outstanding 0 0
Common Stock, par value $0.001, 100,000,000 shares authorized, 1,575,000 and 1,000,000 shares issued and outstanding, respectively 1,575 1,000
Additional paid-in capital 65,925 9,000
Deficit accumulated during the development stage (31,418) (1,634)
Total Stockholders’ Equity 36,082 8,366
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 37,938 $ 8,766
XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
- THE COMPANY AND BASIS OF PRESENTATION
9 Months Ended
May 31, 2012
- THE COMPANY AND BASIS OF PRESENTATION

NOTE 1 -  THE COMPANY AND BASIS OF PRESENTATION

 

Green 4 Media, Inc. (the “Company”) is a Nevada corporation incorporated on June 8, 2011.  It is based in Kamuela, Hawaii, USA.  The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is August 31.

 

The Company is a development stage company that operates as an Eco Marketing and Advertising company offering solutions to clients wishing to stand out of the crowd by showing they care about the environment with the use of natural and sustainable materials in their advertising.  The Companyhas begun to recognize revenues from its planned operations after having devoted its activities to its formation and the raising of equity capital. 

 

The accompanying unaudited condensed financial statements of the Company were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). 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 pursuant to such rules and regulations. Management of the Company (“Management”) believes that the following disclosures are adequate and sufficient to make the information presented not misleading. These financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended August 31, 2011 included in the Company’s Prospectus (Rule 424(b)(2)), as filed with the SEC on January 11, 2012.

 

These unaudited condensed financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of Management, are necessary to present fairly the financial position and results of operations of the Company for the periods presented. Operating results for the nine months ended May 31, 2012, are not necessarily indicative of the results that may be expected for the year ending August 31, 2012 or for any other period.

 

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XML 18 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
May 31, 2012
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Development Stage Company

 

The Company is considered to be in the development stage as defined in ASC 915 “Development Stage Entities.”  The Company is devoting substantially all of its efforts to development of business plans.

 

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 $31,529 and $8,766 in cash and cash equivalents at May 31, 2012 and August 31, 2011, respectively.

 

Start-Up Costs

 

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

 

Accounts Receivable

 

Accounts receivable consist of charges for service provided to customers. An allowance for doubtful accounts is considered to be established for any amounts that may not be recoverable, which is based on an analysis of the Company’s customer credit worthiness, and current economic trends.  Based on management’s review of accounts receivable, no allowance for doubtful accounts was considered necessary.   Receivables are determined to be past due, based on payment terms of original invoices.  The Company does not typically charge interest on past due receivables.

 

Net Income or (Loss) Per Share of Common Stock

 

The Company has adopted ASC 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.

 

The following table sets forth the computation of basic and diluted earnings per share, for the nine months ended May 31, 2012:

 

 

 

 

 

May 31,

2012

Net loss applicable to Common Shares

 

 

$

(29,784)

 

 

 

 

 

Weighted average common shares

 

 

 

 

  outstanding (Basic)

 

 

 

1,331,259

Weighted average common shares

 

 

 

 

  outstanding (Diluted)

 

 

 

1,331,259

 

 

 

 

 

Net loss per share (Basic and Diluted)

 

 

$

(0.02)

 

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

 

 

 

Recent Accounting Pronouncements

 

Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company’s present or future financial statements.

 

XML 19 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Unaudited) (Parenthetical) (USD $)
May 31, 2012
Aug. 31, 2011
Accounts receivable, allowances $ 0 $ 0
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 25,000,000 25,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 1,575,000 1,000,000
Common Stock, shares outstanding 1,575,000 1,000,000
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Document and Entity Information
9 Months Ended
May 31, 2012
Jul. 05, 2012
Document and Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date May 31, 2012  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus Q3  
Entity Registrant Name GREEN 4 MEDIA, INC.  
Entity Central Index Key 0001526689  
Current Fiscal Year End Date --08-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   1,575,000
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Condensed Statements of Operations (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
May 31, 2012
May 31, 2012
May 31, 2012
REVENUES $ 10,582 $ 14,024 $ 14,024
OPERATING EXPENSES:      
Selling, general and administrative 12,781 17,590 18,586
Professional fees 12,555 26,218 26,856
Total Operating Expenses 25,336 43,808 45,442
NET LOSS $ (14,754) $ (29,784) $ (31,418)
Basic and Diluted Loss per Common Share $ (0.01) $ (0.02)  
Weighted Average Number of Common Shares Outstanding, Basic and Diluted 1,574,457 1,331,259  
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- SUBSEQUENT EVENTS
9 Months Ended
May 31, 2012
- SUBSEQUENT EVENTS

NOTE 6 -  SUBSEQUENT EVENTS

 

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

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Condensed Statements of Cash Flows (USD $)
9 Months Ended 12 Months Ended
May 31, 2012
May 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (29,784) $ (31,418)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:    
Expenses paid by related party 0 325
Changes in operating assets and liabilities:    
Accounts receivable (5,784) (5,784)
Prepaid expenses (625) (625)
Accounts payable and accrued liabilities 1,219 1,294
General excise tax payable 562 562
Net cash used in operating activities (34,412) (35,646)
CASH FLOWS FROM INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock for cash 57,500 67,500
Payments to a related party (325) (325)
Net cash provided by financing activities 57,175 67,175
Net increase in cash and cash equivalents 22,763 31,529
Cash and cash equivalents - beginning of period 8,766 0
Cash and cash equivalents - end of period 31,529 31,529
Supplemental Cash Flow Disclosure:    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0
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- GOING CONCERN AND LIQUIDITY CONSIDERATIONS
9 Months Ended
May 31, 2012
- GOING CONCERN AND LIQUIDITY CONSIDERATIONS

NOTE 5 -  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 May 31, 2012, the Company has a loss from operations for the nine-month period ended of $29,784, an accumulated deficit of $31,418, and working capital of $36,082 and has earned $14,024 in 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 August 31, 2012.

 

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.

 

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