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false
Band Rep Management, Inc.
0001555017
--05-31
110022572
Smaller Reporting Company
Yes
No
No
2015
Q3
0
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25830
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<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-decoration: underline"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>NOTE 1 – FINANCIAL STATEMENTS</u></b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">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  February 28, 2015, and for all periods presented herein, have been made.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">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 May 31, 2014 audited financial statements.  The results of operations for the periods ended February 28, 2015 and the same period last year are not necessarily indicative of the operating results for the full years.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-decoration: underline"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</u></b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of Presentation</b></font></td></tr>
<tr style="vertical-align: bottom">
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and Cash Equivalents</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates and Assumptions</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr style="vertical-align: bottom">
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial Instruments</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The carrying value of the Company's financial instruments approximates their fair value because of the short maturity of these instruments.</font></td></tr>
<tr>
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Earnings per Share</b></p></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are the same.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fair Value of Financial Instruments</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of  February 28, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Recent Accounting Pronouncements</b></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews new accounting standards
as issued.  Although some of these accounting standards issued or effective after the end of the Company’s previous
fiscal year may be applicable to the Company, it has not identified any standards that it believes merit further discussion or
will have a significant impact on its financial statements except as described below. </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 10, 2014, accounting principles
generally accepted in the United States were amended to remove the definition of a development stage entity thereby removing the
financial reporting distinction between development stage entities and other reporting entities.  In addition, the amendments
eliminate the requirements for the Company to present inception-to-date information and to label the financial statements as those
of a development stage entity.  The amendments are effective for the Company’s financial statements as of December 31,
2016, and interim periods therein; however, early application of each of the amendments is permitted for any reporting period. 
The Company has adopted the amendments and no longer presents inception-to-date information in the statements of operations, statement
of stockholders' deficit and statements of cash flows.  In addition, the financial statements will no longer be labeled as
those of a development stage entity.</p></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-decoration: underline"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>NOTE 3 – GOING CONCERN</u></b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</font></td></tr>
<tr>
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In order to continue as a going concern, the Company will
need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by
obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity
and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any
of its plans.</p></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-decoration: underline"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>NOTE 4 – CAPITAL STOCK</u></b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">On February 6, 2014, the Company approved an increase of authorized common shares to 200,000,000 common shares with a par value of $0.001 per share.  No preferred shares have been authorized or issued.  </font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">On May 30, 2012, the sole Director purchased 6,000,000 shares of the common stock in the Company at $0.001 per share for $6,000.  </font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">On July 31, 2013, the Company issued 267,500 Common shares at $0.020 per share for $5,350.  </font></td></tr>
<tr style="vertical-align: bottom">
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On February 6, 2014, the company approved a 187:1 forward
split of the common shares.  All shares have been retroactively restated.  </p></td></tr>
<tr style="vertical-align: bottom">
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On February 7, 2014, the Company redeemed 5,679,144 shares.</p></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">As of  February 28, 2015, the Company has not granted any stock options and has not recorded any stock-based compensation.  </font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: bottom">
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-decoration: underline"><font style="font: 10pt Times New Roman, Times, Serif"><b><u>NOTE 5 – RELATED PARTY TRANSACTIONS</u></b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr style="vertical-align: bottom">
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As of November 14, 2014, the Company received advances from
Sergio Galli, the former Director, in the amount of $25,830, to pay for general operating expenses. The amount due to Sergio Galli
was unsecured and non-interest bearing with no set terms of repayment. On November 14 2014, Sergio Galli forgave all the outstanding
amounts due to him.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On November 14, 2014, Xiaoying Lei, the new director paid
$3,491 transfer agent fees for the Company and such payment was classified as due to related parties. The amount due to Xiaoying
Lei is unsecured and non-interest bearing with no set terms of payment.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">During the three months ended February 28, 2015,
Xiaoying Lei, the new director paid off the entire amount of $17,171 of the Company’s accounts payables and accrued liabilities
and $21,121 was recorded as due to related party.</p></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: bottom">
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><u>NOTE 6-CHANGE OF CONTROL</u></b></p></td></tr>
<tr style="vertical-align: bottom">
<td>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On November 14, 2014, Sergio Galli, who was the controlling
shareholder of the Company, sold all of his 60,000,072 shares of common stock to Lei Xiaoying for an aggregated price of $ 160,000.00.
The sold 60,000,072 shares of common stock represented approximately 54.53% of the total issued and outstanding common stock of
the Company.  As result of this share purchase transaction, Lei Xiaoying became the controlling shareholder of the Company.
 Lei Xiaoying used personal funds for the transaction.  </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On November 14, 2014, Lei Xiaoying became the President,
Board Director, Secretary, Treasurer, Chief Executive Officer and Chief Financial Officer of the Company.</p></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of Presentation</b></font></td></tr>
<tr style="vertical-align: bottom">
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and Cash Equivalents</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of Estimates and Assumptions</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: bottom">
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial Instruments</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The carrying value of the Company's financial instruments approximates their fair value because of the short maturity of these instruments.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Earnings per Share</b></p></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are the same.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fair Value of Financial Instruments</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of  February 28, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 1: The preferred inputs to valuation efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.</font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"> </td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to the extent that observable inputs are not available.” This category allows “for situations in which there is little, if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr>
<td style="width: 100%; font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recent Accounting Pronouncements</b></font></td></tr>
<tr>
<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">The Company reviews new accounting standards as issued.  Although some of these accounting standards issued or effective after the end of the Company’s previous fiscal year may be applicable to the Company, it has not identified any standards that it believes merit further discussion or will have a significant impact on its financial statements except as described below.</font></td></tr>
<tr>
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<td style="font: 10pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">On June 10, 2014, accounting principles generally accepted in the United States were amended to remove the definition of a development stage entity thereby removing the financial reporting distinction between development stage entities and other reporting entities.  In addition, the amendments eliminate the requirements for the Company to present inception-to-date information and to label the financial statements as those of a development stage entity.  The amendments are effective for the Company’s financial statements as of December 31, 2016, and interim periods therein; however, early application of each of the amendments is permitted for any reporting period.  The Company has adopted the amendments and no longer presents inception-to-date information in the statements of operations, statement of stockholders' deficit and statements of cash flows.  In addition, the financial statements will no longer be labeled as those of a development stage entity.</font></td></tr>
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