UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K


ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934


(Mark One)

 X.

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

For the fiscal year ended:ended December 31, 20122013


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 No. 33-1773NYNumber: 033-17773-NY


Heavenly Hot Dogs, Inc.B4MC GOLD MINES, INC.

(NameExact name of registrant as specified in its charter)


Nevada

87-0674571

(State or otherof jurisdiction of Incorporation)

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

of incorporation or organization)

 

3651 Lindell Road, Suite D565

Las Vegas, NV 89103

(Address of principal executive offices)


2469 E. Fort Union Blvd., Suite 214

Salt Lake City, UT 84121424-256-8560

(Address of principal executive offices)


Issuer’sRegistrants telephone number: (801)274-1011number, including area code)


Securities Registered under Section 12(b) of the Exchange Act:  None.


Securities Registeredregistered under Section 12(g) of the Exchange Act:  None


Common Stock, $0.001 par value per share

--------------------------------------------------------------------------------

(Title of Class)

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined by Rule 405 of the Securities Act.  Yes     . No X.


Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Yes   X  No


Indicate by check mark if the registrantRegistrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes      Yes.  No X  No.


Note– checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.


Indicate by check mark whether the registrantRegistrant (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 registrantRegistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes     . No X Yes  .   No


Indicate by check mark whether the registrantRegistrant has submitted electronically and posted on its corporate Web site, if any, every Interactiveinteractive Data File required to be submitted and posted pursuant to Rule 405 of Item 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 X Yes        No.


Indicate by check mark if disclosure of delinquent filers pursuant to Rule 405 of Item 405 of RegulationsRegulation S-K (§229.405 of this chapter) is not contained herein,,and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Yes     . No X.





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company.filer. See the definitionsdefinition of “large accelerated filer” “accelerated filer” and “smaller reporting company”large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer       

Accelerated filer      .

Non-accelerated filer        (Do not check is a smaller reporting company)

Smaller reporting company   X.




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 Act).

  Yes X Yes.  No       No.


State the aggregateAggregate market value of the voting and non-voting common equitystock held by non-affiliates computed by reference to the closing price at which the common equitystock sold on the over-the-counter market on June 30, 2015 was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.$15,354,720. The aggregate market value of the commonvoting stock held by non-affiliates on that date consisted of the Company is $114,885 based on the average bid and asked price153,547,198 shares of the Company’s common stock of $.46 on June 30, 2012.stock.


Note. – If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided that the assumptions are set forth in this Form.


APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY

PROCEEDING DURING THE PRECEDING FIVE YEARS:


Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 Yes    No


(APPLICABLE ONLY TO CORPORATE REGISTRANTS)


Indicate the numberNumber of shares outstanding of each of the registrant’s classesissuer’s class of common stock as of the latest practicable date:June 30, 2015: 

Common Stock: 291,463,848

Preferred Stock: 0

 

Class

Outstanding as of March 12, 2013

Common Stock, $.001 par value

749,350


DOCUMENTS INCORPORATED BY REFERENCE


List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).





2



PART I


ITEM 1.  BUSINESS.


Business Development


References to “we,” “us,” “our” or the “Company” in this report refer to Heavenly Hot Dogs,B4MC Gold Mines, Inc., a Nevada corporation


History - The Company was incorporated under the laws of the State of Delaware on April 2, 1987 as BK Ventures, Inc. and was organized to create a corporate vehicle to seek and acquire a business opportunity. In March 1988, The Company completed a public offering of 15,785,667 units at $.015 per unit.  Each unit consisted of one share of common stock, three A warrants to purchase three shares of common stock at $.25 per share, and three B warrants to purchase three shares of common stock at $.05 per share. The A warrants had an expiration date of March 24, 1989, while the B warrants had an expiration date of March 24, 1990.


On May 20, 1988 the Company acquired approximately 93.4% of the outstanding shares of Heavenly Hot Dogs,Dog, Inc. (HHD), a Colorado corporation, incorporated on March 11, 1985.  On June 30, 1988 the Company agreed to issue an additional 13,464,000 shares of its common stock in exchange for the remaining 6.6% outstanding shares of HHD.  On June 3, 1988 HHD changed its name from Heavenly Hot Dogs,Dog, Inc. to HHD, Inc.  On June 7, 1988, the Company changed its name from BK Ventures, Inc. to Heavenly Hot Dogs,Dog, Inc.  As a result of the acquisition of HHD, there was a complete change in control of the Company, as HHD’s officers and directors replaced the Company’s officers and directors.


HHD operated as a subsidiary of the Company and attempted to manufacture self-contained fiberglass buildings which would provide for walk-up and drive-thru sales of premium Chicago style hot dogs and related fast food products.  The Company planned to sell franchises for the retail sale of its Chicago style hot dogs.  The Company discontinued these operations during 1990 and has been inactive since that time.  The Company is currently seeking potential business ventures. The Company is considered to have re-entered into a new development stage on January 1, 1991.  The Company’s management failed to complete annual reports with the State of Delaware and Colorado, of which both had suspended the Company’s charter with the states.


In December 1999 the sole officer and director of the Company resigned and selected new management.  In March 2000, the new management brought the Company current in its reporting with the State of Delaware, which has reinstated the Company’s charter.


In June 2000, the Company’s officers and directors resigned and selected new management. The Company also changed its domicile from Delaware to Nevada in June 2000.


In March 2001, the Company effected a one for ten thousand reverse stock split. No shareholder of record was reversed below one hundred shares. All shareholders with less than one hundred pre-split shares were not affected by the reverse.


On July 1, 2002, the Company effected a reverse acquisition with Trapper’s Pizza, Inc., a Utah corporation. Trapper’s Pizza, LLC was organized as a Limited Liability Company on February 24, 2002 in the State of Utah. On July 1, 2002 Trapper’s Pizza, LLC filed articles of conversion with the State of Utah, which dissolvedhad the LLC and organizedeffect of converting the corporation.business entity to a corporation from a limited liability company.


On February 18, 2003, the Company filed a lawsuit in the Third District Court in Salt Lake City, Utah, against Trapper’s Pizza, Inc., and its sole officer and director, Trabert S. Turner, to rescind the acquisition with Trapper’s Pizza, Inc., to be effective December 31, 2002, based upon materially inaccurate disclosures made prior to the acquisition during the Company’s due diligence.  On March 4, 2003, Trapper’s Pizza, Inc. and Trabert S. Turner entered into a Stipulation with the Company, agreeing to a rescission of the acquisition agreement.  A stipulated Order and Judgment was prepared and delivered for signature and entry by the Third District Court, to formally rescind the acquisition as of December 31, 2002. The Court signed the Order and Judgment on March 4, 2003.  Entry of the Order and Judgment returned the Company back to the status it was immediately prior to the reverse acquisition of Trapper’s Pizza, Inc.


On September 6, 2013, the Company, and its majority shareholder, entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. In connection with the transactions, the Company changed its name to B4MC Gold Mines, Inc. from Heavenly Hot Dogs, Inc. The Company also effectuated a 3-for-1 forward-stock-split effective on November 12, 2013.




However, as a result of the Company’s inability to source sufficient capital to execute the new mining business plan, on or about May 23, 2014, the Company rescinded the Asset Purchase Agreement whereby all properties, assets and loans reverted back to Shannon Anderson and Herbert “Chris” Christopherson. In turn, Messrs. Anderson and Christopherson and others returned 47,550,000 shares of common stock to the Company for cancellation. As a result of, and since, the foregoing,rescission of the Asset Purchase Agreement the Company has had no business operations, and is actively seeking merger or acquisition candidates.




3On May 12, 2015, the Company sold 248,976,200 newly issued shares (the “Company Shares”) of its common stock, par value $0.001 per share (“Common Stock”), to PacificWave Partners Limited, a Gibraltar Company (“PacificWave”). Simultaneous with the purchase of the Company Shares, PacificWave purchased from Elwood Shepard, a shareholder of the Company, 26,023,800 shares of the Company’s outstanding Common Stock (the “Shepard Shares”), representing 61.3% of the outstanding shares prior to the issuance of the Company shares.



At the closing of the acquisition of the Company Shares and the Shepard Shares on May 12, 2015, PacificWave transferred a total of 50,000,000 of the Company Shares to three European investors at a price of $0.01 per share ($500,000 in aggregate).  These funds were the source of the funds used to purchase the Company Shares and the Shepard Shares and to make the capital contribution referred to in Item 1.01.


At the closing on May 12, 2015, PacificWave transferred 135,416,700 shares to certain persons and entities providing services in connection with the transaction.  These included: (i) 23,333,350 shares (constituting 8.0% of the outstanding shares) to Allan Kronborg, a citizen of Denmark and (ii) a total of 48,333,350 shares (constituting 16.6% of the outstanding shares) split among PacifcWave Partners Europe sarl, PacificWave Partners UK Europe Ltd., Richway Finance Ltd and Anarholl Ltd., all entities affiliated with Henrik Oerbekker, a citizen of Denmark.


Effective May 12, 2015, the Company’s sole officer and director at that time, Elwood Shepard, resigned, and Bennett J. Yankowitz was appointed as the Company’s sole director and as its President, Secretary and Treasurer. In conjunction with the aforementioned transactions with PacificWave, on May 12, 2015, Mr. Yankowitz purchased from PacificWave 40,000,000 shares of Common Stock for an aggregate purchase price of $40,000 ($0.001 per share), reflecting approximately 13.7% of the outstanding shares of Common Stock at that time. The purchase price was evidenced by a promissory note due May 12, 2019 with interest at 3% per annum and secured by the purchased shares.  The Company was not a party to this transaction.  


At the conclusion of all of these transactions, PacificWave and its Managing Director and sole owner, Henrik Rouf, were the beneficial owners of an aggregate of 50,083,300 shares of Common Stock, which constitute 17.2% of the outstanding shares of Common Stock. Mr. Rouf is Managing Director of PacificWave and also serves as Assistant Secretary of the Company. While PacificWave does not have a formal contract with the Company, it is expected to provide consulting and investment banking services to the Company, in particular with respect to raising capital for the Company and in identifying and evaluating potential acquisition candidates.  


Objectives


We propose to seek, investigate and, if warranted, acquire an interest in one or more businesses. As of the date hereof, we have no business opportunities or ventures under contemplation for acquisition or merger. We propose to investigate potential opportunities, particularly focusing upon existing privately held businesses whose owners are willing to consider merging their businesses into our company in order to establish a public trading market for their common stock, and whose managements are willing to operate the acquired businesses as divisions or subsidiaries of our company. The businesses we acquire may or may not need an injection of cash to facilitate their future operations.


We currently do not intend to restrict our search for investment opportunities to any particular industry or geographical location and may, therefore, engage in essentially any business. Our executive officers will review material furnished to them by the proposed merger or acquisition candidates and will ultimately decide if a merger or acquisition is in our best interests and the interests of our shareholders. We intend to source business opportunities through our officers and directors and their contacts.  Those contacts include professional advisors such as attorneys and accountants, securities broker dealers, venture capitalists, members of the financial community, other businesses and others who may present solicited and unsolicited proposals. Management believes that business opportunities and ventures may become available to it due to a number of factors, including, among others: (1) management’s willingness to consider a wide variety of businesses; (2) management’s contacts and acquaintances; and (3) our flexibility with respect to the manner in which we may be able to structure, finance, merge with or acquire any business opportunity.


The analysis of new business opportunities will be undertaken by or under the supervision of our executive officers and directors. Inasmuch as we will have limited funds available to search for business opportunities and ventures, we will not be able to expend significant funds on a complete and exhaustive investigation of such business or opportunity. We will, however, investigate, to the extent believed reasonable by our management, such potential business opportunities or ventures by conducting a so-called “due diligence investigation”.




In a so-called “due diligence investigation”, we intend to obtain and review materials regarding the business opportunity. Typically such materials will include information regarding a target business’ products, services, contracts, management, ownership, and financial information. In addition, we intend to cause our officers or agents to meet personally with management and key personnel of target businesses, ask questions regarding our prospects, tour facilities, and conduct other reasonable investigation of the target business to the extent of our limited financial resources and management and technical expertise.


Our executive officers anticipate funding our operations, including providing funds necessary to search for acquisition candidates, until an acquisition candidate is found. Accordingly, no alternative cash resources have been explored. We expect the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require substantial management time and attention and costs for legal, accounting and other relevant professional services.


We seek target businesses that have a potential for growth, indicated by new technology, anticipated market expansion or new products, a competitive position in their space, strong management, audited financial statements or financial statements capable of audit.


We are currently insolvent. We have very little cash on hand and our payables are greater than our cash on hand. We have no income generating ability and are therefore reliant on raising money from loans or stock sales. These conditions raise substantial doubt about our ability to continue as a going concern. Nevertheless, our financial statements are presented on the assumption that we will continue as a going concern.


Business Acquisition


        The structure of our participation in a business opportunity or venture will be situational. We may structure our acquisitions as an asset purchase, merger, or an acquisition of securities. It is likely that the anticipated value of the business and/or assets that we acquire relative to the current value of our securities will result in the issuance of a relatively large number of shares and, as a result, substantial additional dilution to the percentage ownership of our current stockholders. Moreover, our present management and shareholders may not have control of a majority of our voting shares following a business acquisition or other reorganization transaction. It is possible that the shareholders of the acquired entity will gain control of our voting stock and our directors may resign and new directors may be appointed without any vote by the shareholders. Those directors are entitled to replace our officers without stockholder vote.


        We are not an "investment adviser" under the Federal Investment Advisers Act of 1940, which classification would involve a number of negative considerations. Accordingly, we will not furnish or distribute advice, counsel, publications, writings, analysis or reports to anyone relating to the purchase or sale of any securities within the language, meaning and intent of Section 2(a)(11) of the Investment Advisers Act (15 U.S.C. 80b2(a)(11)).


        We may become involved in a business opportunity through purchasing or exchanging the securities of such business. We do not intend, however, to engage primarily in such activities and we are not registered as an "investment company" under the Federal Investment Company Act of 1940. We believe such registration is not required.


        We must conduct our activities so as to avoid becoming inadvertently classified as a transient "investment company" under the Federal Investment Company Act, which classification would affect us adversely in a number of respects. Section 3(a) of the Investment Company Act provides the definition of an "investment company" which excludes an entity which does not engage primarily in the business of investing, reinvesting or trading in securities, or which does not engage in the business of investing, owning, holding or trading "investment securities" (defined as "all securities other than United States government securities or securities of majority-owned subsidiaries",) the value of which exceeds 40% of the value of its total assets (excluding government securities, cash or cash items). We intend to implement our business plan in a manner which will result in the availability of this exemption from the definition of "investment company." We propose to engage solely in seeking an interest in one or more business opportunities or ventures.


        Effective January 14, 1981, the SEC adopted Rule 3a-2 which deems that an issuer is not engaged in the business of investing, reinvesting, owning, holding or trading in securities for purposes of Section 3(a)(1) cited above if, during a period of time not exceeding one year, the issuer has a bona fide intent to be engaged primarily, or as soon as reasonably possible (in any event by the termination of a one year period of time), in a business other than that of investing, reinvesting, owning, holding or trading in securities and such intent is evidenced by our business activities.


Principal Products or Services and Their Markets


None; not applicable




Competition, Competitive Position in the Industry and Methods of Competition


None; not applicable


Dependence on One or a Few Major Customers


None; not applicable


Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements or Labor Contracts, Including Duration


None; not applicable


Need For Any Government Approval of Principal Products or Services


None; not applicable


Effect of Existing or Probable Governmental Regulations on Business


None; not applicable


Time Spent During the Last Two Fiscal Years on Research and Development Activities


None; not applicable


Costs and Effects of Compliance with Environmental Laws (federal, state and local)


None; not applicable


Number of Total Employees and Number of Full-Time Employees


None


ITEM 1A.  RISK FACTORS.


The Company’s business is subject to numerous risk factors, including the following.RISK FACTORS RELATING TO OUR COMPANY AND OUR STOCK


Our balance sheet is weak and we lack liquidity


Our balance sheet is weak. There is no guarantee that we can obtain the funding needed for our operations and for acquisitions on acceptable terms, if at all, and neither our directors, officers, or any third party is obligated to provide any financing. A failure to pay our expenses when they become due and payable could materially adversely affect our Company and the trading price of our common stock.


We may not be profitable in the future


We have not been profitable during most of our years of operation. We face many risks that could prevent us from achieving profits in future years. We cannot assure you that we will be profitable in the future. There can be no assurance that any acquisition we make will be profitable. A failure to achieve profitability could materially adversely affect our Company and the trading price of our common stock.


Our common stock lacks a meaningful public market


At present no active market exists for our common stock and there is no assurance that a regular trading market will develop and if developed, that it will be sustained. An owner of our common stock may, therefore, be unable to sell our common stock should he or she desire to do so. Or, if an owner of our common stock decides to sell our common stock, such sales could drive the price of our common stock significantly lower. Furthermore, it is unlikely that a lending institution will accept our common stock as pledged collateral for loans. This lack of liquidity could materially adversely affect our Company and the trading price of our common stock.




Our common stock may never be listed on a national exchange


Our common stock may never meet the listing requirements of a national exchange. You should not assume that an effort to list our common stock would be successful, or if successful, that such listing requirements will be maintained, including but not limited to requirements associated with maintenance of a minimum net worth, minimum stock price, and ability to establish a sufficient number of market makers.


Our common stock may be considered a “penny stock” and may be difficult to trade


The U.S. Securities and Exchange Commission (“SEC”) has adopted regulations which generally define “penny stock” to be an equity security that has a market or exercise price of less than $5.00 per share, subject to specific exemptions.  The market price of our common stock may be less than $5.00 per share and, therefore, may be designated as a “penny stock” according to SEC rules. This designation requires any broker or dealer selling these securities to disclose certain information concerning the transaction, to obtain a written agreement from the purchaser, and to determine that the purchaser is reasonably suitable to purchase the securities. These rules may restrict the ability of brokers or dealers to sell our common stock and may adversely affect the ability of investors to sell our common stock, and may materially adversely affect our business and the trading price of our common stock.


Our common stock lacks institutional or analyst support


Our Company lacks institutional support. In addition, investment banks with research capabilities do not currently follow our common stock. This lack of institutional or analyst support lessens the trading volume and general market interest in our common stock, and may adversely affect an investor’s ability to trade a significant amount of our common stock. This lack of institutional or analyst support could materially adversely affect our Company and the trading price of our common stock.


The public float of our common stock is small


The public float of our common stock is small, which may limit the ability of some institutions to invest in our common stock. This lack of liquidity could materially adversely affect our Company and the trading price of our common stock.


The trading price of our common stock may be volatile and could drop quickly and unexpectedly


The stocks of micro-cap and small-cap companies have experienced substantial volatility in the past, often based on factors unrelated to the financial performance or prospects of the companies involved. These factors include macro-economic developments in North America and globally, and market perceptions of the attractiveness of particular industries. This volatility could materially adversely affect our Company by making it more difficult to raise capital or complete acquisitions. In addition, securities class-action litigation often has been brought against companies following periods of volatility in the market price of their securities. Our Company may in the future be the target of similar litigation. Securities litigation could result in substantial costs and damages and divert our management’s attention and resources away from our business. For these reasons and others, quick and unexpected drops in the trading price of our common stock are likely from time to time. Volatility in our common stock price could materially adversely affect our Company and the trading price of our common stock.


We are adversely affected by the difficult economy and by turmoil in the financial markets


Businesses are materially adversely affected by periods of significant economic slowdown or recession, fears of inflation or deflation, rising interest rates, declining demand for our products or our clients’ products, or a public perception that any of these events are occurring or may occur, which could adversely affect our revenues, results of operations, and cash flow. In addition, as to our acquisition strategies, the capital and credit markets have been experiencing, and continue to experience, volatility and disruption. Current national and global financial and business conditions have been very difficult, and numerous financial institutions and businesses either have gone into bankruptcy or have had to be rescued by governmental authorities. Access to financing has been negatively impacted by both sub-prime mortgages and the liquidity crisis affecting the asset-backed commercial paper market. Credit remains tight. In many cases, the markets have exerted downward pressure on stock prices and credit capacity for certain issuers. These factors could materially adversely affect our Company and the trading price of our common stock.




We may not be able to raise needed capital


We need to raise substantial amounts of additional capital both for organic growth and for acquisitions. In addition, our aggregate future capital requirements are uncertain. The amount of capital that we will need in the future will depend on many factors that we cannot predict with any certainty, including: the market acceptance of our products and services; the levels of promotion and advertising that will be required to launch our new products and services and achieve and maintain a competitive position in the marketplace; our business, product, capital expenditures and technology plans, and product and technology roadmaps; technological advances; our competitors’ responses to our products and services; our pursuit of mergers and acquisitions; and our relationships with our customers.


We cannot assure you that we will be able to raise the needed capital on commercially acceptable terms, or at all. Delay, disruption, or failure to obtain sufficient financing may result in the delay or failure of our business plans. Our inability to raise sufficient capital on commercially acceptable terms, or at all, could have a material adverse effect on our Company and the trading price of our common stock.


Our common stock may be subject to significant dilution


Our capital raising may include the sale of significant numbers of shares of our common stock or other securities convertible into our common stock. We also may issue significant numbers of shares of our common stock, or options, warrants, or other securities convertible into shares of our common stock, as a portion of the consideration for acquisitions. We are also likely to issue significant numbers of options and/or warrants to our officers, especially in connection with the closing of capital raises and acquisitions. Such transactions may significantly increase the number of outstanding shares of our common stock, and may be highly dilutive to our existing stockholders. In addition, the securities that we issue may have rights, preferences or privileges senior to those of the holders of our outstanding common stock. This dilution could have a material adverse effect on our Company and the trading price of our common stock. Moreover, additional shares may be issued in connection with future acquisition and business operations. This dilution could have a material adverse effect on our Company and the trading price of our common stock.


Raising capital by selling our common stock is difficult to accomplish


Selling equity is difficult to accomplish in the current market. This difficulty may make future acquisitions either unlikely, or too difficult and expensive. This could materially adversely affect our Company and the trading price of our common stock.


Raising capital by selling our common stock could be expensive


If we were to raise capital by selling common stock or securities convertible into common stock, it could be expensive. We may be required to pay fees equal to 7% or more of the gross sales proceeds raised, in addition to legal, accounting and other fees and expenses. In addition, when it becomes known within the investment community that an issuer is seeking to raise equity capital, it is common for the common stock of that issuer to be sold off in the market, lowering the trading price of the issuer’s common stock in advance of the pricing of the issue. This could make our raising capital by selling equity securities significantly more expensive and materially adversely affect the trading price of our common stock.


Debt financing is difficult to obtain


Debt financing is difficult to obtain in the current credit markets. This difficulty may make future acquisitions either unlikely, or too difficult and expensive. This could materially adversely affect our Company and the trading price of our common stock.


Raising capital by borrowing could be risky


If we were to raise capital by borrowing to fund our operations or acquisitions, it could be risky. Borrowing typically results in less dilution than in connection with equity financings, but it also would increase our risk, in that cash is required to service the debt, ongoing covenants are typically employed which can restrict the way in which we operate our business, and if the debt comes due either upon maturity or an event of default, we may lack the resources at that time to either pay off or refinance the debt, or if we are able to refinance, the refinancing may be on terms that are less favorable than those originally in place, and may require additional equity or quasi equity accommodations. These risks could materially adversely affect our Company and the trading price of our common stock.




Our financing decisions may be made without stockholder approval


Our financing decisions and related decisions regarding levels of debt, capitalization, distributions, acquisitions and other key operating parameters, are determined by our board of directors in its discretion, in many cases without any notice to or vote by our stockholders. This could materially adversely affect our Company and the trading price of our common stock.


We lack investor relations, public relations and advertising resources


We lack the resources to properly support investor relations, public relations, and advertising efforts. This puts us at a disadvantage with potential acquisition candidates, investors, research analysts, customers, and job applicants. These disadvantages could materially adversely affect our Company and the trading price of our common stock.


Sales of our common stock could cause the trading price of our common stock to fall


Sellers of our common stock might include our existing stockholders who have held our common stock for years, former stockholders of B4MC who now own our common stock, persons and entities who have acquired our common stock as consideration for services they have provided to our Company, or our directors, chief executive officer, former officers or former employees who might exercise stock options or warrants to purchase common stock and simultaneously sell our common stock. Since the trading volume of our common stock is very limited operating historylow and no revenuesthe amount of our common stock in the public float is very small, any sales or earningsattempts to sell our common stock, or the perception that sales or attempts to sell our common stock could occur, could adversely affect the trading price of our common stock.


An increase in interest rates may have an adverse effect on the trading price of our Stock


An increase in market interest rates may tend to make our common stock less attractive relative to other investments, which could adversely affect the trading price of our common stock.


Increases in taxes and regulatory compliance costs may reduce our revenue


Costs resulting from operations.changes in or new income taxes, value added taxes, service taxes, or other taxes, may not be able to be passed along to clients and consequently may adversely affect our margins. This could materially adversely affect our Company and the trading price of our common stock.


We are adversely affected by regulatory uncertainties


Regulatory uncertainties regarding potential adverse changes in federal and state laws and governmental regulations materially adversely affect our business, our clients’ businesses, and the trading price of our common stock.


A small number of stockholders have significant influence over us


A small number of our stockholders and members of our board of directors and management acting together would be able to exert significant influence over us through their ability to influence the election of directors and all other matters that require action by our stockholders. The voting power of these individuals could have the effect of preventing or delaying a change in control of our Company has no significant assetswhich they oppose even if our other stockholders believe it is in their best interests. Allan Kronborg, Ulrik Regaard Larsen, Henrik Oerbekker, Henrik Rouf and Bennett Yankowitz beneficially own a substantial majority of our shares of common stock. Accordingly, Messrs. Kronborg, Larsen, Oerbekker, Rouf and Yankowitz have substantial influence over our policies and management. We may take actions supported by Messrs. Kronborg, Larsen, Oerbekker, Rouf and Yankowitz that may not be viewed by some stockholders to be in our best interest, or financial resources. TheMessrs. Kronborg, Larsen, Oerbekker, Rouf and Yankowitz could prevent or delay a change in our control which he opposes even if our other stockholders believe it is in their best interests. This could materially adversely affect our Company and the trading price of our common stock.




State law and our articles of incorporation and bylaws help preserve insiders’ control over us


Provisions of Nevada state law, our articles of incorporation and by-laws may discourage, delay or prevent a change in our management team that stockholders may consider favorable. These provisions may include: (1) authorizing the issuance of “blank check” preferred stock without any need for action by stockholders; (2) permitting stockholder action by written consent; and (3) establishing advance notice requirements for nominations for election to the board of directors, or for proposing matters that can be acted on by stockholders at stockholder meetings. These provisions, if included in our articles of incorporation or by-laws, could allow our board of directors to affect an investor’s rights as a stockholder since our board of directors could make it more difficult for preferred stockholders or common stockholders to replace members of the board of directors. Because the board of directors is responsible for appointing the members of the management team, these provisions could in turn affect any attempt to replace the current or future management team. These factors could adversely affect our Company or the trading price of our Stock.


Retaining and attracting directors and officers may be expensive


We cannot make any assurances regarding the future roles of our currentdirectors and chief executive officer. Some of our directors are and will in the future be involved in other businesses, and are not required to, and do not, commit their full time to our affairs, thereby causing conflicts of interest in allocating their timebetween our operations and the operations of other businesses. We have no employment agreements with any of our existing directors or chief executive officer. Some or all likelihood, sustain operating expenses without corresponding revenues, at least until theof our current directors and chief executive officer may resign upon our raising money, upon our consummation of a business combination.combination, or otherwise. Attracting and retaining our directors and officers may be expensive, and may require that we enter into long term employment agreements, issue stock options, and otherwise incentivize our directors and officers. The costs of these incentives could materially adversely affect our Company and the trading price of our common stock.


We indemnify our directors and officers, and certain other parties


Our bylaws specifically limit the liability of our chief executive officer and directors to the fullest extent permitted by law. As a result, aggrieved parties may have a more limited right to action than they would have had if such provisions were not present. The bylaws also provide for indemnification of our chief executive officer and directors for any losses or liabilities they may incur as a result of the manner in which they operated our business or conducted internal affairs, provided that in connection with these activities they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, our best interest. In the ordinary course of business, we also may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of our breach of such agreements, services to be provided by us, or from intellectual property infringement claims made by third-parties. We may also agree to indemnify former officers, directors and employees of acquired companies in connection with the acquisition of such companies. Such indemnification agreements may not be subject to maximum loss clauses. It is not possible to determine the maximum potential amount of exposure in regard to these obligations to indemnify, due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular situation. Use of our capital or assets for such indemnification would reduce amounts available for the operations or for distribution to our investors, which could materially adversely affect our Company and the trading price of our common stock.


We do not expect to pay dividends


For the foreseeable future, it is anticipated that earnings, if any, which may be generated from our operations will be used to finance our growth and that dividends may not be paid to the holders of our common stock, which may have a material adverse effect on our Company and the trading price of our common stock.


RISK FACTORS RELATING TO FUTURE ACQUISITIONS


We may not be able to identify, negotiate, finance or close future acquisitions


A significant component of our growth strategy focuses on acquiring additional companies or assets. We may not, however, be able to identify, audit, or acquire companies or assets on acceptable terms, if at all. Additionally, we may need to finance all or a portion of the purchase price for an acquisition by incurring indebtedness. There can be no assurance that we will be able to obtain financing on terms that are favorable, if at all, which will limit our ability to acquire additional companies or assets in the future. Failure to acquire additional companies or assets on acceptable terms, if at all, would have a material adverse effect on our ability to increase assets, revenues and net income and on the trading price of our common stock.




We may not be able to successfully integrate new acquisitions


Even if we are able to acquire one or more companies or assets, we may not be able to successfully integrate those companies or assets. For example, we may need to integrate widely dispersed operations with different corporate cultures, operating margins, competitive environments, computer systems, compensation schemes, business plans and growth potential requiring significant management time and attention. In addition, the successful integration of any companies we acquire will depend in large part on the retention of personnel critical to our combined business operations due to, for example, unique technical skills or management expertise. We may be unable to retain existing management, finance, engineering, sales, customer support, and operations personnel that are critical to the success of the integrated Company, resulting in disruption of operations, loss of key information, expertise or know-how, unanticipated additional recruitment and training costs, and otherwise diminishing anticipated benefits of these acquisitions, including loss of revenue and profitability. Failure to successfully integrate acquired businesses could have a material adverse effect on our Company and the trading price of our common stock.


Future acquisitions may fail to perform as expected


Future acquisitions may fail to perform as expected. We may overestimate cash flow, underestimate costs, or fail to understand risks. This could materially adversely affect our Company and the trading price of our common stock.


Competition may result in overpaying for acquisitions


Other investors with significant capital may compete with us for attractive investment opportunities. These competitors may include publicly traded companies, private equity firms, privately held buyers, individual investors, and other types of investors. Such competition may increase the price of acquisitions, or otherwise adversely affect the terms and conditions of acquisitions. This could materially adversely affect our Company incurring a net operating loss which will increase continuously untiland the Company can consummate a business combination with a target company. There is no assurance that the Company can identify such a target company and consummate such a business combination.trading price of our common stock.


OurWe may have insufficient resources to cover our operating expenses and the expenses of raising money and consummating acquisitions


We have limited cash to cover our operating expenses and to cover the expenses incurred in connection with money raising and a business combination. It is possible that we could incur substantial costs in connection with money raising or a business combination. If we do not have sufficient proceeds available to cover our expenses, we may be forced to obtain additional financing, either from our management or third parties. We may not be able to obtain additional financing on acceptable terms, if at all, and neither our management nor any third party is obligated to provide any financing. This could have a negative impact on our company and our common stock price.


The nature of our proposed business planfuture operations is speculative in nature.  The success of the Company’s proposed plan of operationand will depend to a great extent on the operations, financial condition and management of the identified target company. businesses which we acquire


While management will prefer business combinationstypically intends to seek a merger or acquisition of privately held entities with entities having established operating histories, there can be no assurance that the Companywe will be successful in locating candidatesan acquisition candidate meeting such criteria. In the event the Company completeswe complete a business combination,merger or acquisition transaction, of which there can be no assurance, theour success, of the Company’s operationsif any, will be dependent upon the operations, financial condition and management of the targetacquired company, and upon numerous other factors beyond our control. If the Company’s control.operations, financial condition or management of the acquired company were to be disrupted or otherwise negatively impacted following an acquisition, our Company and our common stock price would be negatively impacted.




4We may carry out actions that will not require our stockholders’ approval



The terms and conditions of any acquisition could require us to take actions that would not require stockholder approval. In order to acquire certain companies or assets, we may issue additional shares of common or preferred stock, borrow money or issue debt instruments including debt convertible into capital stock. Not all of these actions would require stockholder approval even if these actions dilute stockholder economic or voting interest.




The Company is and will continue to be an insignificant participant in the businessOur investigation of seeking mergers with andpotential acquisitions of business entities. A large number of established and well-financed entities, including venture capital firms, are active in mergers and acquisitions of companies which may be merger or acquisition target candidates for the Company. Nearly all such entities have significantly greater financial resources, technical expertise and managerial capabilities than the Company and, consequently, the Company will be at a competitive disadvantage in identifying possiblelimited


Our analysis of new business opportunities will be undertaken by or under the supervision of our chief executive officer and directors. Inasmuch as we will have limited funds available to search for business opportunities and successfullyventures, we will not be able to expend significant funds on a complete and exhaustive investigation of such business or opportunity. We will, however, investigate, to the extent believed reasonable by our management, such potential business opportunities or ventures by conducting a “due diligence investigation”. In a due diligence investigation, we intend to obtain and review materials regarding the business opportunity. Typically, such materials will include information regarding a target business’ products, services, contracts, management, ownership, and financial information. In addition, we intend to cause our chief executive officer or agents to personally meet with management and key personnel of target businesses, ask questions regarding the Company’s prospects, tour facilities, and conduct other reasonable investigation of the target business to the extent of our limited financial resources and management and technical expertise. Any failure of our typical due diligence investigation to uncover issues and problems relating to potential acquisition candidates could materially adversely affect our Company and the trading price of our common stock.


We will have only a limited ability to evaluate the directors and management of potential acquisitions


We may make a determination that our current directors and chief executive officer should not remain, or should reduce their roles, following money raising or a business combination, based on an assessment of the experience and skill sets of new directors and officers and the management of target businesses. We cannot assure you that our assessment of these individuals will prove to be correct. This could have a negative impact on our Company and our common stock price.


We will be dependent on outside advisors to assist us


In order to supplement the business experience of management, we may employ accountants, technical experts, appraisers, attorneys or other consultants or advisors. The selection of any such advisors will be made by management and without any control from shareholders. Additionally, it is anticipated that such persons may be engaged by us on an independent basis without a continuing fiduciary or other obligation to us.


We may be unable to protect or enforce the intellectual property rights of any target business that we acquire or the target business may become subject to claims of intellectual property infringement


After completing a business combination. Moreover,combination, the Companyprocurement and protection of trademarks, copyrights, patents, domain names, and trade secrets may be critical to our success.We will alsolikely rely on a combination of copyright, trademark, trade secret laws and contractual restrictions to protect any proprietary technology and rights that we may acquire. Despite our efforts to protect those proprietary technology and rights, we may not be able to prevent misappropriation of those proprietary rights or deter independent development of technologies that compete with numerousthe business we acquire. Litigation may be necessary in the future to enforce our intellectual property rights, to protect our trade secrets, or to determine the validity and scope of the proprietary rights of others. It is also possible that third parties may claim we have infringed their patent, trademark, copyright or other small public companiesproprietary rights. Claims or litigation, with or without merit, could result in seeking mergersubstantial costs and diversions of resources, either of which could have an adverse effect on our competitive position and business. Further, depending on the target business or acquisition candidates.businesses that we acquire, it is likely that we will have to protect trademarks, patents, and domain names in an increasing number of jurisdictions, a process that is expensive and may not be successful in every location. These factors could negatively impact our Company and the trading price of our common stock.


Integrating acquired businesses may divert our management’s attention away from our day-to-day operations and may harm our business


Acquisitions generally involve significant risks, including the risk of overvaluation of potential acquisitions and risks in regard to the assimilation of personnel, operations, products, services, technologies, and corporate culture of acquired companies. Dealing with these risks may place a significant burden on our management and other internal resources. This could materially adversely affect our business and the trading price of our common stock.


We may fail to manage our growth effectively


Future growth through acquisitions and organic expansion would place a significant strain on our managerial, operational, technical, training, systems and financial resources. We can give you no assurance that we will be able to manage our expanding operations properly or cost effectively. A failure to properly and cost-effectively manage our expansion could materially adversely affect our Company and the trading price of our common stock.




The Company has no current arrangement, agreementmanagement of companies we acquire may lose their enthusiasm or understanding with respect to engaging in a merger with or acquisitionentrepreneurship after the sale of a specific business entity.their businesses There


We can begive no assurance that the Companymanagement of future companies we acquire will be successful in identifying and evaluating suitable business opportunitieshave the same level of enthusiasm for operating their businesses following their acquisition by us; or, in concluding a business combination. Management has not identified any particular industry or specific business within an industryif they cease performing services for evaluation by the Company. There is no assuranceacquired businesses, that the Companywe will be able to negotiateinstall replacement management with the same skill sets and determination. There also is always a risk that management will attempt to reenter the market and possibly seek to recruit some of the former employees of the business, who may continue to be our key employees. This could materially adversely affect our business and the trading price of our common stock.


If we are deemed to be an investment company, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete a business combination on terms favorable to the Company. The Company has not established a specific length of operating history or a specified level of earnings, assets, net worth or other criteria which it will require a target company to have achieved, or without which the Company would not consider a business combination with such business entity. Accordingly, the Company may enter into a business combination with a business entity having no significant operating history, losses, limited or no potential for immediate earnings, limited assets, negative net worth or other negative characteristics.


Our management has limited time to devote to our business.  While seeking a business combination, management anticipates devoting only a limited amount of time per month to the business of the Company. The Company’s sole officer has not entered into a written employment agreement with the Company and he is not expected to do so in the foreseeable future. The Company has not obtained key man life insurance on its officer and director. Notwithstanding the combined limited experience and time commitment of management, loss of the services of this individual would adversely affect development of the Company’s business and its likelihood of continuing operations.


The Company’s officer and director participates in other business ventures which may compete directly with the Company. Additional conflicts of interest and non-arms length transactions may also arise in the future.  Management has adopted a policy that the Company will not seek a merger with, or acquisition of, any entity in which any member of management serves as an officer, director or partner, or in which they or their family members own or hold any ownership interest.


Reporting requirements may delay or preclude an acquisition.  Section 13 of the Securities Exchange Act of 1934 (the “Exchange Act”) requires companies subject thereto to provide certain information about significant acquisitions including certified financial statements for the company acquired covering one or two years, depending on the relative size of the acquisition. The time and additional costs that may be incurred by some target companies to prepare such financial statements may significantly delay or essentially preclude consummation of an otherwise desirable acquisition by the Company. Acquisition prospects that do not have or are unable to obtain the required audited statements may not be appropriate for acquisition so long as the reporting requirements of the Exchange Act are applicable.


The Company has neither conducted, nor have others made available to it, market research indicating that demand exists for the transactions contemplated by the Company. Even in the event demand exists for a merger or acquisition of the type contemplated by the Company, there is no assurance the Company will be successful in completing any such business combination.


The Company’s proposed operations, even if successful, will in all likelihood result in the Company engaging in a business combination with only one business entity. Consequently, the Company’s activities will be limited to those engaged in by the business entity which the Company merges with or acquires. The Company’s inability to diversify its activities into a number of areas may subject the Company to economic fluctuations within a particular business or industry and therefore increase the risks associated with the Company’s operations.


Potential for being classified an Investment Company.  Although the Company will be subject to regulation under the Exchange Act, management believes the CompanyWe believe we will not be subject to regulation underthe Investment Company Act of 1940, insofar as the Companywe will not be engaged in the business of investing or trading in securities. InHowever, in the event the Company engagesthat we engage in businesscombinations which result in the Companyus holding passive investment interests in a number of entities, the Company could bewe may become subject to regulation under the Investment Company Act of 1940.Act. In such event, the Company wouldwe may be required to register as an investment company and could be expected tomay incur significant registration and compliance costs. The Company hasWe have obtained no formal determination from the Securities and Exchange Commissiongovernment as to theour status of the Company under the Investment Company Act, of 1940 and consequently, any violation of such Act couldmight subject the Companyus to material adverse consequences.




5



A business combination involving the issuance of the Company’s common stock will, in all likelihood, result in shareholders of a target company obtaining a controlling interest in the Company. Any such business combination may require shareholders of the Company to sell or transfer all or a portion of the Company’s common stock held by them. The resulting change in control of the Company will likely result in removal of the present officer and director of the Company and a corresponding reduction in or elimination of his participation in the future affairs of the Company.  Currently, there are no pending acquisitions, business combinations or mergers.RISK FACTORS RELATING TO ACCOUNTING AND INTERNAL FINANCIAL CONTROLS


The Company’s primary plan of operation is based uponWe do not currently employ a business combination with a business entity which, in all likelihood, will result in the Company issuing securities to shareholders of such business entity.qualified full time chief financial officer The issuance of previously authorized and unissued common stock of the Company would result in reduction in percentage of shares owned by the present shareholders of the Company and would most likely result in a change in control or management of the Company.


Federal and state tax consequences will, in all likelihood, be major considerations in any business combination the Company may undertake. Currently, such transactions may be structured so as to result in tax-free treatment to both companies, pursuant to various federal and state tax provisions. The Company intends to structure any business combination so as to minimize the federal and state tax consequences to both the Company and the target company; however, there can be no assurance that such business combination will meet the statutory requirements ofWe do not currently employ a tax-free reorganization or that the parties will obtain the intended tax-free treatment upon a transfer of stock or assets. A non-qualifying reorganization could result in the imposition of both federal and state taxes which may have an adverse effect on both parties to the transaction.


Management of the Company will request that any potential business opportunity provide auditedqualified full time chief financial statements. One or more attractive business opportunities may choose to forego the possibility of a business combination with the Company rather than incur the expenses associated with preparing audited financial statements. In such case, the Company may choose to obtain certain assurances as to the target company’s assets, liabilities, revenues and expenses prior to consummating a business combination, with further assurances that audited financial statements would be provided after closing of such a transaction.  Closing documents relative thereto may include representations that the audited financial statements will not materially differ from the representations included in such closing documents.


Our stock is subject to the Penny Stock rules, which impose significant restrictions on the Broker-Dealers and may affect the resale of our stock.   Our stock is subject to PennyStock trading rules, and investors will experience resale restrictions and a lack of liquidity. A penny stock is generally a stock that:


·

is not listed on a national securities exchange or Nasdaq;


·

is listed in “pink sheets” or on the NASD OTC Bulletin Board;


·

has a price per share of less than $5.00; and


·

is issued by a company with net tangible assets less than $5 million.


The penny stock trading rules impose additional duties and responsibilities upon broker-dealers and salespersons effecting purchase and sale transactions in common stock and other equity securities, including:


·

determination of the purchaser’s investment suitability;


·

delivery of certain information and disclosures to the purchaser; and


·

receipt of a specific purchase agreement from the purchaser prior to effecting the purchase transaction.


Due to the Penny Stock rules, many broker-dealers will not effect transactions in penny stocks except on an unsolicited basis.  When our common stock becomes subject to the penny stock trading rules,


·

such rules may materially limit or restrict the ability to resell our common stock, and


·

the liquidity typically associated with other publicly traded equity securities may not exist.


It is possible that a liquid market for our stock will never develop and you will not be able to sell your stock.officer. There is no assurance a marketthat we will be made in our stock.  If no market exists, you will not be able to sell your shares publicly, making your investmentpromptly find and hire such a qualified full time chief financial officer, nor at a compensation level acceptable to us. This could materially adversely affect our Company and the trading price of little or no value.our common stock.




6New accounting standards could adversely impact us



From time to time, the Financial Accounting Standards Board, the U.S. Securities and Exchange Commission and other regulatory bodies may issue new and revised standards, interpretations and other guidance that change Generally Accepted Accounting Principles in the United States (GAAP). The effects of such changes may include prescribing an accounting method where none had been previously specified, prescribing a single acceptable method of accounting from among several acceptable methods that currently exist, or revoking the acceptability of a current method and replacing it with an entirely different method, among others. Such changes to GAAP could adversely impact our results of operations, financial condition and other financial measures. Such changes could materially adversely affect our Company and the trading price of our common stock.


Decreased effectiveness of stock options could adversely affect our ability to attract and retain employees


We expect to use stock options and warrants to purchase common stocks as key components of our employee compensation program in order to align employees’ interests with the interests of our Stockholders, encourage employee retention, and to provide competitive compensation packages. Volatility or lack of positive performance in our common stock price may adversely affect our ability to retain key employees or to attract additional highly-qualified personnel. At any given time, a portion of our outstanding employee stock options or warrants to purchase common stock may have exercise prices in excess of our then-current common stock price, or may have expired worthless. To the extent these circumstances occur, our ability to retain employees may be adversely affected. As a result, we may have to incur increased compensation costs, change our equity compensation strategy, or find it difficult to attract, retain and motivate employees. Any of these situations could materially adversely affect our Company and the trading price of our common stock.


ITEM 1B.  UNRESOLVED STAFF COMMENTS.


None.One May 15, 2015, we filed a preliminary information statement on Form 14C relating to one-for-fifty (1-for-50) reverse split of the Company’s Common Stock (the “Reverse Split”) approved by holders of a majority of our Common Stock and our board of directors. In an informal telephonic response to the 14C filing, the Staff indicated that they would not approve a definitive 14C until our SEC filings are brought current. At the time of the SEC comment letter, we had yet to file reports on Form 10-K for fiscal years 2013 and 2014 or quarterly reports on Form 10-Q for Q-1, Q-2 and Q-3 of 2014 and Q-1 of 2015.





ITEM 2.  PROPERTIES.


We have entered into a sublease agreement for office space for two persons in Beverly Hills, California, effective as of May 1, 2015.  The Company has not had to rent office space. Our Transfer Agent, Action Stock Transfer, is allowing the Company to use its address as the Company’s$4,200 per month.  We also maintain a mailing address as needed, at no cost to the Company.  in Las Vegas Nevada through a business services company.


ITEM 3.  LEGAL PROCEEDINGS.


The Company is not the subject of any pending legal proceedings; and to the knowledge of management, no proceedings are presently contemplated against the Company by any federal, state or local governmental agency.


Further, to the knowledge of management, no director or executive officer is party to any action in which any has an interest adverse to the Company.


ITEM 4.  MINE SAFETY DISCLOSURES


Not applicable.




PART II


ITEM 5.  MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.


Market Information


During the past five years, there has been a very limited “public market” for shares ofOur common stock of the Company.  The Company trades on the Over-the-Counter Bulletin Boardis quoted under the symbol “HHDG”.BFMC on the OTC market. Our shares infrequently trade and the trading price of our shares is not necessarily indicative of the existence of a trading market for our securities or indicative of our value. The following table sets forth, for the periods indicated, the high and low closing prices of our common stock. These prices reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions. 



Quarter Ended


CLOSING BID

CLOSING ASK

 

High

Low

High

Low


2011



 

 


March

.75

.20

3.00

.54


June

.75

.53

2.00

1.01


September

.53

.53

1.22

.89


December

.53

.31

1.01

.90


2012



 

 


March

.31

.30

3.42

.51


June

.30

.28

.76

.49


September

.28

.27

.49

.49


December

.28

.0362

1.40

.35

  

 

Closing Bid Prices (1)

 

  

 

High

 

 

Low

 

Year Ended December 31, 2014

 

 

 

 

 

 

4th Quarter

 

$

0.05

 

 

$

0.005

 

3rd Quarter

 

$

0.17

 

 

$

0.04

 

2nd Quarter

 

$

0.16

 

 

$

0.10

 

1st  Quarter

 

$

0.30

 

 

$

0.01

 

  

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

 

 

 

 

 

 

4th Quarter

 

$

0.30

 

 

$

0.01

 

3rd Quarter*

 

$

0.30

 

 

$

0.01

 

2nd Quarter*

 

$

0.30

 

 

$

0.01

 

1st Quarter *

 

$

0.84

 

 

$

0.11

 

  

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

 

 

 

 

 

 

 

4th Quarter*

 

$

0.84

 

 

$

0.11

 

3rd Quarter*

 

$

0.84

 

 

$

0.81

 

2nd Quarter*

 

$

0.90

 

 

$

0.81

 

1st Quarter*

 

$

0.93

 

 

$

0.90

 


* Information adjusted to reflect 3-for-1 forward stock split in December 2013.

The above quotations, as provided by OTC Markets Group, Inc., and Quotestream Media represent prices between dealers and do not include retail markup, markdown or commission.  In addition, these quotations do not represent actual transactions.




7



Holders


The number of record holders of the Company’s common stock as of December 31, 20122013 was 908;915; this number does not include an indeterminate number of stockholders whose shares are held by brokers in street name.  The holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Holders of the common stock have no preemptive rights and no right to convert their common stock into any other securities. There are no redemption or sinking fund provisions applicable to the common stock.


Dividends


There are no present material restrictions that limit the ability of the Company to pay dividends on common stock or that are likely to do so in the future. The Company has not paid any dividends with respect to its common stock, and does not intend to pay dividends in the foreseeable future.


Securities Authorized for Issuance Under Equity Compensation Plans


None.




Recent Sales or Purchases of Unregistered Securities


NoneNotes


On September 6, 2013, the Company, and its majority shareholder, entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. The acres consist of approximately 32 acres of usable land. The 32 acres was encumbered by a loan obligation. The balance of the loan obligation as of September 30, 2013 was $109,443. The note has a 7% per annum stated interest rate and is due and payable March 1, 2021. Payments in the amount of $1,581 are required to be made monthly. On May 22, 2014, a Mutual Rescission Agreement was entered into whereby the real property along with the debt were returned in exchange for shares of the Company’s common stock issued to the Rescinding Shareholders. (See Note 8)


The Company received advances of $13,793 during the year ended December 31, 2013 and $13,050 for the same period in 2012.  A total of $105,909 and $92,116 was owed at December 31, 2013 and 2012, respectively, by the Company for advances. These funds are due and payable upon demand and accrue interest at 6% per annum. Accrued interest at December 31, 2013 and 2012 was $28,032 and $21,974, respectively. In connection with the Asset Purchase, the Company entered into an obligation to repay $129,002 on or before April 15, 2014. In addition, the Company entered into a release agreement wherein the advancing party released all claims against the Company in exchange for the promise to pay an additional $120,998 for a total accrued payable of $250,000 on or before April 15, 2014. Both agreements are verbal. Inasmuch as the Asset Purchase Agreement was Mutually Rescinded on May 22, 2014, the Company and the advancing party verbally agreed to rescind the release agreement as well and re-book the advances as they were prior to the release.


Common Stock


On September 6, 2013, the Company, and its majority shareholder, entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. The acres consist of approximately 32 acres of usable land. The Asset Purchase Agreement also included the purchase of several items of mining machinery and equipment owned by Mr. Anderson in consideration of 54,000,000 shares of common stock valued at $285,480 (valued at $0.005287 per share) and assumed debt of $109,443. On May 22, 2014, a Mutual Rescission Agreement was entered into whereby the real property, mining rights, equipment and other assets mentioned above were returned in exchange for shares of the Company’s common stock issued to the Rescinding Shareholders.

On September 3, 2013, the Company entered into an assignment to acquire 6 unpatented mining claims in Nye County Nevada, in consideration of 6,810,402 shares of common stock valued at $36,004 (valued at $0.005287 per share). In October 2014, the Company entered into a Rescission of Assignment with the holders of the Nevada mining claims whereby the mining claims were returned in exchange for the Company’s common stock issued for said claims.


On September 9, 2013 the Company issued 4,589,598 shares of common stock having a fair value of $24,264 ($0.005287 per share) in exchange for consulting services. Inasmuch as the consulting services were never provided, the Company has cancelled these shares on its books and is in the process of obtaining the certificates for cancellation.


On September 9, 2013 the Company issued 600,000 shares of common stock having a fair value of $3,172 ($0.005287 per share) in exchange for consulting services by an officer of the Company. (See Note 5). These shares were returned to the Company and cancelled pursuant to the Mutual Rescission Agreement dated May 22, 2014.


On December 31, 2014, the Company’s sole officer and director purchased 25,000,000 shares of the Company’s common stock for $25,000.


On May 12, 2015, the Company sold 248,976,200 shares of its common stock for $248,976 to PacificWave Partners, Ltd.


All of the issuances of securities described above were restricted share issuances and deemed to be exempt from registration in reliance on Rule 506 of Regulation D and/or Section 4(2) of the Securities Act as transactions by an issuer not involving a public offering. Each investor represented that they were accredited investors, as defined in Rule 501 of Regulation D and, there was no general solicitation or general advertising used to market the securities. We made available to each investor with disclosure of all aspects of our business, including providing the investor with press releases, access to our auditors, and other financial, business, and corporate information. All securities issued were restricted with an appropriate restrictive legend on certificates for notes and warrants issued stating that the securities (and underlying shares) have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption therefrom.




Purchases of Equity Securities


In September 2013, the Company’s former sole member of the board of directors and a consultant, collectively returned 3,500,000 shares of common stock and were cancelled by the Company.


In May, 2014, the Company entered into a Mutual Rescission Agreement (the “Rescission Agreement”) by and among the Company, and Shannon Anderson (“Anderson”), a resident of Idaho, and Herbert Christopherson, a resident of Idaho ("Christopherson"), and Brittany Puzzi, a resident of Idaho (“Puzzi”), collectively referred to as the “Rescinding Shareholders”.


Pursuant to the terms of an Asset Purchase Agreement entered into on or about September 6, 2013 the Company received certain real property, mining rights, equipment and other assets as listed in the Asset Purchase Agreement filed as an exhibit to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 12, 2013 in exchange for shares of the Company’s common stock issued the Rescinding Shareholders. The Company and the Rescinding Shareholders have agreed to rescind the Asset Purchase Agreement. The Rescinding Shareholders will take back the assets and return 47,550,000 of the common shares issued pursuant to the Asset Purchase Agreement. The shares to be returned are as follows: Anderson 33,000,000 shares, Christopherson 14,000,000 shares and Puzzi 550,000 shares.


In October 2014, the Company and Avidity Holdings LLC, a Utah limited liability company (“Avidity”) entered into a Rescission of Assignment Agreement (“Rescission of Assignment”) of the Nevada Mining Claims Assignment (the “Nevada Claim Assignment”) entered into by the parties on or about September 6, 2013. All of the Nevada Mining Claims will be returned to Avidity and all of the shares issued pursuant to the exchange will be returned to the Company. The total number of shares to be returned is 6,810,402.


As a part of the Asset Purchase entered into on September 6, 2013 4,589,598 shares of common stock were issued pursuant to the terms of a consulting agreement. Inasmuch as the Asset Purchase was mutually rescinded and the services contemplated in the consulting agreement were never performed, the Company cancelled the shares on its books and records. It is in the process of obtaining the shares from the consultant to be officially cancelled by the transfer agent.


On December 31, 2014, 47,550,000 of the shares issued pursuant to the Asset Purchase Agreement were returned and cancelled pursuant to a Mutual Rescission Agreement executed on May 23, 2014. (See Note 8)


On December 31, 2014, 3,210,402 of the shares issued for mining claims were returned and cancelled pursuant to Rescission of Assignment entered into in October 2014. The remaining 3,600,000 shares have been returned to the Company, but have not yet been cancelled.


ITEM 6.  SELECTED FINANCIAL DATA.


Since we are a “smaller reporting company,” as defined by SEC regulation, we are not required to provide the information required by this Item.


ITEM 7.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.


FORWARD-LOOKING STATEMENTS


The statements made below with respect to our outlook for fiscal 20122013 and beyond represent “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 and are subject to a number of risks and uncertainties. These include, among other risks and uncertainties, whether we will be able to generate sufficient cash flow from our operations or other sources to fund our working capital needs, maintain existing relationships with our lender, successfully introduce and attain market acceptance of any new products, attract and retain qualified personnel both in our existing markets and in new territories in an extremely competitive environment, and potential obsolescence of our technologies.




In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of this report. Except as otherwise required by law, we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this report to reflect any change in our expectations or any change in events, conditions or circumstances on which any of our forward-looking statements are based.  We qualify all of our forward-looking statements by these cautionary statements.


Plan of Operation


The Company is seeking to acquire assets or shares of an entity actively engaged in business which generates revenues. The Company has no particular acquisitions in mind and has not entered into any negotiations regarding such an acquisition. None of the Company’s officers, directors, promoters or affiliates have engaged in any substantive contact or discussions with any representative of any other company regarding the possibility of an acquisition or merger between the Company and such other company as of the date of this annual report.  The Board of Directors intends to obtain certain assurances of value of the target entity’s assets prior to consummating such a transaction.  Any business combination or transaction will likely result in a significant issuance of shares and substantial dilution to present stockholders of the Company.


The Company has, and will continue to have, no capital with which to provide the owners of business opportunities with any significant cash or other assets. However, management believes the Company will be able to offer owners of acquisition candidates



8



the opportunity to acquire a controlling ownership interest in a publicly registered company without incurring the cost and time required to conduct an initial public offering. The owners of the acquisition candidate will, however, incur significant legal and accounting costs in connection with the acquisition of a business opportunity, including the costs of preparing Form 8-K’s, 10-K’s, 10-Q’s, agreements and related reports and documents.


Liquidity and Capital Resources


The Company remains in the development stage and has experienced no significant change in liquidity or capital resources or stockholders’ equity since re-entering of development stage. The Company anticipates that it needs ten to twelve thousand dollars for the next twelve months to cover its reporting obligations. The Company’s balance sheet as of December 31, 2012,2013, reflects total assets of $0. The Company has no cash or line of credit, other than that which present management may agree to extend to or invest in the Company, nor does it expect to have one before a merger is effected.  The Company will carry out its business plan as discussed above. The Company cannot predict to what extent its liquidity and capital resources will be diminished prior to the consummation of a business combination or whether its capital will be further depleted by the operating losses (if any) of the business entity which the Company  may eventually acquire.


Results of Operations


During the period from January 1, 20122013 through December 31, 2012,2013, the Company has engaged in no significant operations other than maintaining its reporting status with the SEC and seeking a business combination.  No revenues were received by the Company during this period.


The Company had a net loss of $18,249$24,995 for the year ended December 31, 20122013 as compared to a loss of $16,977$18,249 for the period in 2011.2012. The losses for both periods are comprised of legal, accounting, XBRL and professional expenses required to perform its reporting obligations.


The Company anticipates that until a business combination is completed with an acquisition candidate, it will not generate revenues, and may continue to operate at a loss after completing a business combination, depending upon the performance of the acquired business.


The Company received related party advances of $13,050$13,793 during the year ended December 31, 20122013 and $12,620$13,050 for the same period in 2011.2012.  A total of $92,116$105,909 is now owed by the Company for related party advances.  These funds are due and payable upon demand and have a stated interest rate of 6%. Accrued interest to-date is $21,974.$28,032.




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 material effect on our financial condition, results of operations or liquidity.


Need For Additional Financing


Based upon current management’s willingness to extend credit to the Company and/or invest in the Company until a business combination is completed, the Company believes that its existing capital will be sufficient to meet the Company’s cash needs required for the costs of compliance with the reporting requirements of the Securities Exchange Act of 1934, as amended, and for the costs of accomplishing its goal of completing a business combination, for an indefinite period of time. Accordingly, in the event the Company is able to complete a business combination during this period, it anticipates that its existing capital will be sufficient to allow it to accomplish the goal of completing a business combination. There is no assurance, however, that the available funds will ultimately prove to be adequate to allow it to complete a business combination, and once a business combination is completed, the Company’s needs for additional financing are likely to increase substantially.  In addition, as current management is under no obligation to continue to extend credit to the Company and/or invest in the Company, there is no assurance that such credit or investment will continue or that it will continue to be sufficient for future periods.




9



ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


Since we have no assets and do not have any investments in eligible portfolio companies there is no quantitative information, as of the end of December 31, 2012,2013, about market risk that has any impact on our present business. Once we begin making investments in eligible portfolio companies there will be market risk sensitive instruments and we will disclose the applicable market risk information at that time.


ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.


The required financial statements are included following the signature page of this Form 10-K.


ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND

FINANCIAL DISCLOSURE.


The Company has had no disagreements with its certified public accountants with respect to accounting practices or procedures or financial disclosure.


ITEM 9A. CONTROLS AND PROCEDURES.  


Management’s Annual Report on Internal Control over Financial Reporting


The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC.


OurprincipalOur principal executive officer and principal financial officer (one person) has assessed the effectiveness of our internal control over financial reporting as of December 31, 2012,2013, following the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control - Integrated Framework. Based on our assessment under the framework in Internal Control - Integrated Framework, our management, including ourBoard of DirectorsandDirectors and principalfinancial and executive officer has concluded that our internal control over financial reporting was effective as ofDecember 31, 2012.2013.


Evaluation of Disclosure Controls and Procedures


Our principal executive officer and principal financial officer (one person) has reviewed the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13a-14(c) and 15d-14(c)) as of the end of the period covered by this report and has concluded that the disclosure controls and procedures are effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the last day they were evaluated by our principal executive officer and principal financial officer.




Changes in Internal Control over Financial Reporting


There have been no changes in the Company's internal control over financial reporting during the last quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.


ITEM 9B. OTHER INFORMATION


No event occurred during the fourth quarter of the fiscal year ended December 31, 20122013 that would have required disclosure in a report on Form 8-K.




10





PART III


ITEM 10.  DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.


Identification of Directors and Executive Officers


The following table sets forth, the names and the nature of all positions and offices held by all directors and executive officers of the Company for the year ending December 31, 20122013 and to the date hereof,  and the period or periods  during which each such director or executive officer served in his or her respective positions.



Name and age


Position and background


Elwood Shepard, 75Bennett J. Yankowitz, 59


President, Treasurer, Secretary and Director


Bennett J. Yankowitz was appointed as the President, Treasurer, Secretary and sole director of the Company on May 12, 2015. He is also President, Treasurer, Secretary and sole director of CoConnect, Inc. He is also Managing Partner of Hancock Ventures, LLC, a California-based manager of Single Oak Ventures, LP, a venture capital fund. From 2002 to 2014, he was a director of Proteus Energy Corporation, a California-based private oil and gas production and development company, and was its Chief Executive Officer from 2008 to 2014. Mr. Yankowitz has more than 30 years of experience as a corporate attorney with leading law firms, specializing in securities, financial and merger and acquisition transactions, and has extensive background in financial analysis and real estate investment and development. He is of counsel to the law firm Shumaker Mallory LLP, and was previously of counsel to the law firm Parker Shumaker Mills LLP. He was previously counsel to Kaye Scholer LLP and a partner of Heenan Blaikie and Stroock & Stroock & Strook LLP. From 1997 to 2003, he was a principal of SY Development Corporation, a Los Angeles-based real estate development company. Mr. Yankowitz earned his B.A. degree in Mathematics from the University of California, Berkeley (1977), his J.D. degree from the University of Southern California (1980), where he was an editor of the Southern California Law Review, and his LL.M. degree (First Class Honours) from the University of Cambridge (1981), where he was an Evan Lewis-Thomas Scholar at Sidney Sussex College. He is a member of the California and New York bars. It is anticipated that once the Company has consummated the acquisition of an operating company, Mr. Yankowitz may resign some or all of his offices and his directorship in the Company in favor of members of the operating company’s management.


Elwood Shepard, 59

Sole Officer and Director since June 2000 through May 2015



Mr. Shepard has been the General Contractor and President of Designer Construction, Inc. since 1998. Designer Construction specializes in residential and commercial remodeling. He has extensive experience in the construction field and in day-to-day management of corporations.


Term of Office


The term of office of the current directors shall continue until new directors are elected or appointed.





Involvement in Certain Legal Proceedings


During the past five years, no present or former director, person nominated to become a director, executive officer, promoter or control person of the Company:


(1) Was a general partner or executive officer of any business by or against which any bankruptcy  petition was filed, whether at the time of such filing or two years prior thereto;


(2) Was convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);


(3) Was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated,  of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and


(4) Was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated,  of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity;


(5) Was found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.


Financial Expert


The Company has no audit committee financial expert, as defined under Section 228.401, serving on its audit committee because it has no audit committee and is not required to have an audit committee because it is not a listed security as defined in Section 240.10A-3.


Code of Ethics


We have a Code of Ethics which was adopted in 2004 and is filed as an Exhibit (incorporated by reference) to this 10-K.10-K.




11



ITEM 11.  EXECUTIVE COMPENSATION


No current or prior officer or director has received any remuneration or compensation from the Company in the past three years, nor has any member of the Company’s management been granted any option or stock appreciation right. Accordingly, no tables relating to such items have been included within this Item. None of our employees are subject to a written employment agreement nor has any officer received a cash salary since our founding.


The Summary Compensation Table shows certain compensation information for services rendered in all capacities for the fiscal periods ended December 31, 2013, 2012 2011 and 2010.2011. Other than as set forth herein, no executive officer's salary and bonus exceeded $100,000 in any of the applicable years. The following information includes the dollar value of base salaries, bonus awards, the number of stock options granted and certain other compensation, if any, whether paid or deferred.


 

  

Annual Compensation

  

Long Term Compensation

  

Annual Compensation

  

Long Term Compensation

  

  

  

  

  

Awards

  

Payouts

  

  

  

  

  

Awards

  

Payouts

Name and

Principal Position


Year


Salary

($)


Bonus

($)


Other Annual

Compensation

($)

 

Restricted Stock

Awards

($)

Securities Underlying Options SARs

(#)

 


LTIP Payouts

($)


All Other

Compensation

($)


Year


Salary

($)


Bonus

($)


Other Annual

Compensation

($)

 

Restricted Stock

Awards

($)

Securities Underlying Options SARs

(#)

 


LTIP Payouts

($)


All Other

Compensation

($)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

Elwood Shepard

Director, President, Secretary, Treasurer

2012

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-

2013

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-

2011

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-

2012

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-

2010

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-

2011

-0-

-0-

-0-

 

-0-

-0-

 

-0-

-0-


Compensation of Directors


There are no arrangements pursuant to which any of the Company’s directors were compensated during the Company’s last completed fiscal year or the previous two fiscal years for any service provided as director.


Termination of Employment and Change of Control Arrangement


There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to any former employees, officers or directors which would in any way result in payments to any such person because of his or her resignation, retirement or other termination of such person’s employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person’s responsibilities following a change in control of the Company.





ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.


Security Ownership of Certain Beneficial Owners


The following table sets forth the shareholdings of those persons who own more than five percent of the Company’s common stock as of the date hereof:June 26, 2015:

Shareholder Name

No. of Shares

% of Outstanding

Allan Kronborg

23,333,350

  8.0%

Henrik Oerbekker*

48,333,350

16.6%

Henrik Rouf**

50,083,300

17.2%

Bennett Yankowitz

39,500,000

13.6%

    Total

161,250,000

55.3%

____________________________

*  Includes shares owned by PacificWave Partners Europe sarl, PacificWave Partners UK Europe Ltd., Richway Finance Ltd and Anarholl Ltd., all entities affiliated with Mr. Oerbekker


Number and Percentage of Shares Beneficially Owned


Name and Address                    


# of Shares


% of Class


Elwood Shepard                          


499,600


66.67%




12** Includes shares owned by PacificWave Partners Limited, of which Mr. Rouf is Managing Director



Security Ownership of Management


The following table sets forth the shareholdings of the Company’s directors and executive officers as the date hereof:        


Number and Percentage of Shares Beneficially Owned

Number and Percentage of Shares Beneficially Owned

Number and Percentage of Shares Beneficially Owned


Name


# of Shares


% of Class


# of Shares


% of Class



Direct


Indirect



Direct


Indirect

 


Elwood Shepard


499,600


0


66.67%


Bennett Yankowitz


39,500,000


0


13.6%


All directors and executives officers as a group


499,600


0


66.67%


39,500,000


0


13.6%





ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE.


Transactions with Management and Others


We have entered into a sublease agreement for office space for two persons in Beverly Hills, California, effective as of May 1, 2015.  The Company has not had to rent office space. Our transfer agent, Action Stock Transfer, is allowing the Company to use their address as the Company’s$4,200 per month.  We also maintain a mailing address as needed, at no cost to the Company.  


Certain Business Relationships


The Company received advances of $13,050 in 2012 and $12,620 in 2011.  A total of $92,116 is now owed by the Company for advances.  These funds are due and payable upon demand and haveLas Vegas Nevada through a stated interest rate of 6%. Accrued interest to-date is $21,974.business services company.


Indebtedness of Management


None; not applicable


Conflicts of Interest


None of our key personnel is required to commit full time to our affairs and, accordingly, these individuals may have conflicts of interest in allocating management time among their various business activities.  In the course of their other business activities, certain key personnel may become aware of investment and business opportunities which may be appropriate for presentation to us, as well as the other entities with which they are affiliated.  As such, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented.  


Each officer and director is, so long as he is an officer or director, subject to the restriction that all opportunities contemplated by our plan of operation that come to his attention, either in the performance of his duties or in any other manner, will be considered opportunities of, and be made available to us and the companies that he is affiliated with on an equal basis.  A breach of this requirement will be a breach of the fiduciary duties of the officer or director.  If we or the companies to which the officer or director is affiliated each desire to take advantage of an opportunity, then the applicable officer or director would abstain from negotiating and voting upon the opportunity.  However, the officer or director may still take advantage of opportunities if we should decline to do so.  Except as set forth above, we have not adopted any other conflict of interest policy in connection with these types of transactions


ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.


Audit Fee


The aggregateAudit Fees. Fees for audit services provided by Prichett Siler & Hardy totaled $10,200 for 2013, including fees billed for each ofassociated with the last two fiscal years for professional services rendered byannual audit and the principal accountant for the audit of Heavenly Hot Dogs, Inc.’s annual financial statement and review of financial statements included in Heavenly Hot Dogs, Inc.’s 10-Qour quarterly reports andon Form 10-Q. Fees for audit services normally provided by the accountant in connection with statutory and regulatory filings or engagements werePrichett Siler & Hardy totaled $7,500 for fiscal year ended 2012, including fees associated with the annual audit and $7,500 for fiscal year ended 2011.the review of our quarterly reports on Form 10-Q.


Audit-Related Fees


The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of Heavenly Hot Dogs, Inc.’sour financial statements that are not reported above were $0 for fiscal year ended 20122013 and $0 for fiscal year ended 2011.2012.



13




Tax Fees


The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $0 for fiscal year ended 20122013 and $0 for fiscal year ended 2011.2012.


All Other Fees


The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported above were $0 for fiscal year ended 20122013 and $0 for fiscal year ended 2011.2012.


We do not have an audit committee currently serving and as a result our board of directors performs the duties of an audit committee.  Our board of directors will evaluate and approve in advance, the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services.  We do not rely on pre-approval policies and procedures.




PART IV


ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.


(a)  ExhibitsFinancial Statements and Schedules


CopiesThe financial statements are set forth under Item 8 of this Annual Report on Form 10-K. Financial statement schedules have been omitted since they are either not required, not applicable, or the information is otherwise included.


Exhibit List


The following Exhibits have been previously filed in the below referenced filings or have been attached hereto, and in any case, as is stated on the cover of this Report, all of the following documentsbelow Exhibits are included as exhibits to this report.incorporated herein by reference.


Exhibit

No.

Title of Document

Location

3.1

Articles of Incorporation and Amendments thereto

*

3.2

By-Laws

*

4.1

Form of Stock Certificate

*

10.1

Agreement and Plan of Reorganization – Trappers Pizza

**

14.1

Code of Ethics

***

31.1

Certification of the Principal Executive Officer/ Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Attached

32.1

Certification of the Principal Executive Officer/ Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002****

Attached

101.INS

XBRL Instance Document*****

Attached

101.SCH

XBRL Taxonomy Extension Schema Document*****

Attached

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document*****

Attached

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document*****

Attached

101.LAB

XBRL Taxonomy Extension Label Linkbase Document*****

Attached

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document*****

Attached


*

Incorporated by reference. Filed as exhibit to S-1 Registration Statement filedForm S-18 - September 8, 1987

**3.1

Incorporated by reference. Filed as exhibit 99 to Articles of Incorporation and Amendments thereto

3.2

By-Laws

4.1

Form of Stock Certificate


Form 8-K filed- July 5, 2002

***10.1

Incorporated by reference. Filed as exhibit to 2003Agreement and Plan of Reorganization – Trappers Pizza


Form 10-KSB filed- March 30, 2004

****14.1

The Exhibit attachedCode of Ethics


Form 8-K - September 12, 2013

10.2

Asset Purchase Agreement dated September 6, 2013 (Montana)  

10.3

Nevada Claim Assignment dated September 6, 2013

10.4

Consulting Agreement (Red Rock) dated September 9, 2013


Form 10-Q - November 19, 2013

3.3

Certificate of Amendment to thisArticles of Incorporation dated October 10, 2013


This Form 10-K shall

10.5

Mutual Rescission Agreement executed May 23, 2015

10.6

Sub-Lease Agreement dated as of May 1, 2015 by and between Mostofi & Company, LLP and the Company

31.1

Certification of principal executive officer and principal financial officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1

Certification of principal executive officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101

XBRL*


*Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed “furnished” and not be“filed” or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, or deemed “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

*****

XBRL information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934, and isotherwise are not subject to liability under those sections, is not part of any registration statement or prospectus to which it relates and is not incorporated or deemed to be incorporated by reference into any registration statement, prospectus or other document.these sections.


(b)  Reports on Form 8-K


None


(c)  Financial Statement Schedules


NoneNone.




14



SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) 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.


 

HEAVENLY HOT DOGS,

B4MC GOLD MINES, INC.

 

 

 

 

Date: March 13, 2013June 30, 2015

By:/s/ Elwood ShepardBennett J. Yankowitz     

 

Elwood Shepard,Bennett J. Yankowitz,

President Chief Executive Officer and

Chief Financial Officer

(Principal Executive Officer and

Principal Financial Officer)



Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:



Date: March 13, 2013June 30, 2015

By:/s/ Elwood ShepardBennett J. Yankowitz     

 

Elwood Shepard,Bennett J. Yankowitz, Director



15


















HEAVENLY HOT DOGS,B4MC GOLD MINES, INC.

[A Development Stage Company]


FINANCIAL STATEMENTS


DECEMBER 31, 20122013












HEAVENLY HOT DOGS, INC.

[A Development Stage Company]





CONTENTS




PAGE



Report of Independent Registered Public Accounting Firm


F-2


Balance Sheets, December 31, 20122013 and 20112012


F-3


Statements of Operations, for the years ended December 31, 20122013 and 2011 and from the re-entering of development stage on January 1, 1991 through December 31, 2012


F-4


Statement of Stockholders’ Equity (Deficit), from the re-entering of development stage on January 1, 1991 through December 31, 2012


F-5


Statements of Cash Flows, for the years ended December 31, 20122013 and 2011 and from the re-entering of development stage on January 1, 1991 through December 31, 2012


F-6


Notes to Financial Statements


F-7







F-1




PRITCHETT, SILER & HARDY, P.C.




CERTIFIED PUBLIC ACCOUNTANTS


A PROFESSIONAL CORPORATION


1466 N. HIGHWAY 89 STE. 230

FARMINGTON, UTAH  84025

_______________

(801) 447-9572     FAX (801) 447-9578



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Board of Directors and Stockholders

B4MC Gold Mines, Inc. (formerly known as Heavenly Hot Dogs, Inc.)

Salt Lake City, Utah


We have audited the accompanying balance sheets of B4MC Gold Mines, Inc. (formerly known as Heavenly Hot Dogs, Inc. [a development stage company]) as of December 31, 20122013 and 20112012 and the related statements of operations, stockholders' equity (deficit)stockholders’ deficit and cash flows for eachthe years then ended. These financial statements are the responsibility of the years in the two-year period ended December 31, 2012 and for the period from the re-entering the development stage on January 1, 1991 through December 31, 2012. Heavenly Hot Dogs, Inc.’s management is responsible for these financial statements.Company’s management.  Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the auditaudits to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting.  Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of B4MC Gold Mines, Inc. (formerly known as Heavenly Hot Dogs, Inc.), as of December 31, 20122013 and 20112012 and the results of its operations and its cash flows for each of the years in the two-year periodthen ended December 31, 2012 and for the period from the re-entering of development stage on January 1, 1991 through December 31, 2012, in conformity with accounting principles generally accepted in the United States of America.


The accompanying financial statements have been prepared assuming Heavenly Hot Dogs, Inc.that the Company will continue as a going concern.  As discussed in Note 4 to the financial statements, Heavenly Hot Dogs, Inc.The Company has incurredsuffered recurring losses since re-entering the development stage, has a working capital deficit and has not yet established profitable operations.  These factorsno operations which raise substantial doubt about theits ability of the Company to continue as a going concern.  Management’s plans in regardsregard to these matters are also described in Note 4.7. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.this uncertainty.



/s/ Pritchett, Siler & Hardy, P.C.



PRITCHETT, SILERPritchett, Siler & HARDY,Hardy, P.C.


Salt Lake City,Farmington, Utah

March 13, 2013














June 26, 2015





F-2B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


Audited Balance Sheets




HEAVENLY HOT DOGS, INC.

[A Development Stage Company]


BALANCE SHEETS



 

December 31,

 

December 31,

 

2013

 

2012

ASSETS

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

 

 

 

2012

 

2011

 

 

 

 

CURRENT ASSETS:

 

 

 

 

 

 

 

 

Cash

$

-

$

-

$

-

$

-

 

 

 

 

Total Current Assets

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Total Assets

$

-

$

-

$

-

$

-

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

 

 

 

 

Accounts payable

$

1,600

$

1,600

$

6,694

$

1,600

Advances payable - related party

 

92,116

 

79,066

Accrued interest - related party

 

21,974

 

16,775

Advances payable

 

105,909

 

92,116

Accrued interest

 

28,032

 

21,974

Total Current Liabilities

 

140,635

 

115,690

 

 

 

 

 

 

 

 

Total Current Liabilities

 

115,690

 

97,441

Total Liabilities

 

140,635

 

115,690

 

 

 

 

 

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock, 750,000,000 shares authorized, $.001 par value, 749,350 shares issued and outstanding

 

749

 

749

Capital in excess of par value

 

2,207,466

 

2,207,466

Retained deficit

 

(2,166,215)

 

(2,166,215)

Deficit accumulated during the development stage

 

(157,690)

 

(139,441)

Common stock, 750,000,000 shares authorized, $.001 par value, 2,248,050 shares issued and outstanding

 

2,248

 

2,248

Additional paid-in capital

 

2,205,967

 

2,205,967

Accumulated deficit

 

(2,348,850)

 

(2,323,905)

 

 

 

 

 

 

 

 

Total Stockholders’ Deficit

 

(115,690)

 

(97,441)

 

(140,635)

 

(115,690)

 

 

 

 

 

 

 

 

Total Liabilities and Stockholders’ Deficit

$

-

$

-

$

-

$

-


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




B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)



F-3Audited Statements of Operations




HEAVENLY HOT DOGS, INC.

[A Development Stage Company]


STATEMENTS OF OPERATIONS



 

 

 

 

 

Cumulative

 

 

 

 

 

from the

 

 

 

 

 

Re-entering

 

 

 

 

 

of

 

 

 

 

 

Development

 

For the

 

Stage on

 

Years

 

January 1,

 

For the

 

Ended

 

1991 through

 

Years Ended

 

December 31,

 

December 31,

 

December 31,

 

2012

 

2011

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

Revenue

$

-

$

-

$

-

$

-

$

-

 

 

 

 

 

 

Total Revenue

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

General and Administrative

 

13,050

 

12,620

 

135,716

 

18,887

 

13,050

 

 

 

 

 

 

 

 

 

 

Loss Before Other Income (Expense)

 

(13,050)

 

(12,620)

 

(135,716)

 

(18,887)

 

(13,050)

 

 

 

 

 

 

 

 

 

 

Other Income (Expense):

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

(5,199)

 

(4,357)

 

(21,974)

 

(6,058)

 

(5,199)

 

 

 

 

 

 

 

 

 

 

Loss Before Income Taxes

 

(18,249)

 

(16,977)

 

(157,690)

 

(24,945)

 

(18,249)

 

 

 

 

 

 

 

 

 

 

Current Income Tax Expense

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Expense

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

Net Loss

$

(18,249)

$

(16,977)

$

(157,690)

$

(24,945)

$

(18,249)

 

 

 

 

 

 

 

 

 

 

Loss Per Common Share –Basic and Diluted

$

(0.02)

$

(0.02)

 

 

$

(0.01)

$

(0.01)

 

 

 

 

 

 

 

 

 

 

Weighted Average Number Of Common Shares Outstanding – Basic and Diluted

 

749,350

 

749,350

 

 

 

2,248,050

 

2,248,050



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




F-4




HEAVENLY HOT DOGS, INC.

 [A Development Stage Company]


STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

FROM THE RE-ENTERING OF DEVELOPMENT STAGE ON

JANUARY 1, 1991 THROUGH DECEMBER 31, 2012


 

 

 

 

Deficit Accumulated During the Development  

 

Common Stock

Capital in Excess of  

Retained  

Treasury Stock

 

Shares

Amount ($)

Par Value ($)

Deficit ($)

Stage ($)

Shares

Amount ($)

BALANCE,January 1, 1991

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the period ended December 31, 1991

-

-

-

-

-

-

-

BALANCE,December 31, 1991

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1992

-

-

-

-

-

-

-

BALANCE,December 31, 1992

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1993

-

-

-

-

-

-

-

BALANCE,December 31, 1993

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1994

-

-

-

-

-

-

-

BALANCE,December 31, 1994

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1995

-

-

-

-

-

-

-

BALANCE,December 31, 1995

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1996

-

-

-

-

-

-

-

BALANCE,December 31, 1996

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1997

-

-

-

-

-

-

-

BALANCE,December 31, 1997

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1998

-

-

-

-

-

-

 

BALANCE,December 31, 1998

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Net loss for the year ended December 31, 1999

-

-

-

-

-

-

 

BALANCE,December 31, 1999

37,933

38

2,193,740

(2,166,215)

-

(1,575)

(27,563)

Common stock  issued for services rendered valued at $30,000 or $1.00 per share, April 2000

30,000

30

29,970

-

-

-

-

Common stock issued  for services rendered valued at $7,000, or  $1.00 per share, June 2000

7,000

7

6,993

-

-

-

-

Net loss for the year ended   December 31, 2000

-

-

-

-

(41,000)

-

-

BALANCE, December 31, 2000

74,933

75

2,230,703

(2,166,215)

(41,000)

(1,575)

(27,563)

Common stock issued as part of reverse stock split, March 2001

175,992

176

(176)

-

-

-

-

Common stock issued for services rendered valued at $5,000, or  $.01 per share,  March 2001

500,000

500

4,500

-

-

-

-

Cancellation of treasury stock, August 2001

(1,575)

(2)

(27,561)

-

-

1,575

27,563

Net loss for the year ended  December 31, 2001

-

-

-

-

(13,146)

-

-

BALANCE, December 31, 2001

749,350

749

2,207,466

(2,166,215)

(54,146)

-

-

Net loss for the year ended  December 31, 2002

-

-

-

-

(5,271)

-

-

BALANCE, December 31, 2002

749,350

749

2,207,466

(2,166,215)

(59,417)

-

-

Net loss for the year ended  December 31, 2003

-

-

-

-

(4,710)

-

-

BALANCE, December 31, 2003

749,350

749

2,207,466

(2,166,215)

(64,127)

-

-

Net loss for the year ended December 31, 2004

-

-

-

-

(5,422)

-

-

BALANCE, December 31, 2004

749,350

749

2,207,466

(2,166,215)

(69,549)

-

-

Net loss for the year ended December 31, 2005

-

-

-

-

(4,410)

-

-

BALANCE, December 31, 2005

749,350

749

2,207,466

(2,166,215)

(73,959)

-

-

Net loss for the year ended December 31, 2006

-

-

-

-

(7,772)

-

-

BALANCE, December 31, 2006

749,350

749

2,207,466

(2,166,215)

(81,731)

-

-

Net loss for the year ended December 31, 2007

-

-

-

-

(8,972)

-

-

BALANCE, December 31, 2007

749,350

749

2,207,466

(2,166,215)

(90,703)

-

-

Net loss for the year ended December 31, 2008

-

-

-

-

(9,495)

-

-

BALANCE, December 31, 2008

749,350

749

2,207,466

(2,166,215)

(100,198)

-

-

Net loss for the year ended December 31, 2009

-

-

-

-

(10,421)

-

-

BALANCE, December 31, 2009

749,350

749

2,207,466

(2,166,215)

(110,619)

-

-

Net loss for the year ended December 31, 2010

-

-

-

-

(11,845)

-

-

BALANCE, December 31, 2010

749,350

749

2,207,466

(2,166,215)

(122,464)

-

-

Net loss for the year ended December 31, 2011

-

-

-

-

(16,977)

-

-

BALANCE, December 31, 2011

749,350

749

2,207,466

(2,166,215)

(139,441)

-

-

Net loss for the year ended December 31, 2012

-

-

-

-

(18,249)

-

-

BALANCE, December 31, 2012

749,350

749

2,207,466

(2,166,215)

(157,690)

-

-


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




F-5B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)




HEAVENLY HOT DOGS, INC.

[A Development Stage Company]Audited Statements of Shareholders’ Deficit


STATEMENTS OF CASH FLOWS


 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

from the

 

 

 

 

 

 

Re-entering

 

 

 

 

 

 

of

 

 

 

 

 

 

Development

 

 

For the

 

Stage on

 

 

Years

 

January 1,

 

 

Ended

 

1991 through

 

 

December 31,

 

December 31,

 

 

2012

 

2011

 

2012

 

 

 

 

 

 

 

Cash Flows From Operating Activities:

 

 

 

 

 

 

Net loss

$

(18,249)

$

(16,977)

$

(157,690)

 

 

 

 

 

 

 

  Adjustments to reconcile net loss to  net cash used by operating activities:

 

 

 

 

 

 

Non-cash expense

 

-

 

-

 

42,000

Changes in assets and liabilities:

 

 

 

 

 

 

Increase in accounts payable

 

-

 

-

 

1,600

Increase in accrued interest

 

5,199

 

4,357

 

21,974

Net Cash (Used) by Operating Activities

 

(13,050)

 

(12,620)

 

(92,116)

 

 

 

 

 

 

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

Net Cash (Used) by Investing Activities

 

-

 

-

 

-

 

 

 

 

 

 

 

Cash Flows From Financing Activities:

 

 

 

 

 

 

    Advances – related party

 

13,050

 

12,620

 

92,116

Net Cash Provided by Financing Activities

 

13,050

 

12,620

 

92,116

 

 

 

 

 

 

 

Net Increase in Cash

 

-

 

-

 

-

 

 

 

 

 

 

 

Cash at Beginning of the Period

 

-

 

-

 

-

 

 

 

 

 

 

 

Cash at End of the Period

$

-

$

-

$

-

 

 

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

Interest

$

-

$

-

$

-

Income taxes

$

-

$

-

$

-


Supplemental Schedule of Noncash Investing and Financing Activities:


For 2012:

None.


For 2011:

None.

 

 

Additional

 Accumulated

 

Common Stock

Paid-In

Total

 

Shares

Amount ($)

Capital ($)

Deficit ($)

($)


BALANCE, December 31, 2011

2,248,050

2,248

2,205,967

(2,305,656)

(97,441)


Net loss for the year ended December 31, 2012

-

-

-

(18,249)

(18,249)


BALANCE, December 31, 2012

2,248,050

2,248

2,205,967

(2,323,905)

(115,690)


Net loss for the year ended December 31, 2013

-

-

-

(24,945)

(24,945)


BALANCE, December 31, 2013

2,248,050

2,248

2,205,967

(2,348,850)

(140,635)




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




B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


Audited Statements of Cash Flows



 

 

For the

 

 

Years Ended

 

 

December 31,

 

 

2013

 

2012

 

 

 

 

 

Cash Flows From Operating Activities:

 

 

 

 

Net loss

$

(24,945)

$

(18,249)

Adjustments to reconcile net loss to

 

 

 

 

  net cash used by operating activities:

 

 

 

 

Changes in assets and liabilities:

 

 

 

 

Increase in accounts payable

 

5,094

 

-

Increase in accrued interest

 

6,058

 

5,199

Net Cash (Used) by Operating Activities

 

(13,793)

 

(13,050)

 

 

 

 

 

Cash Flows From Investing Activities:

 

 

 

 

Net Cash (Used) by Investing Activities

 

-

 

-

 

 

 

 

 

Cash Flows From Financing Activities:

 

 

 

 

    Advances

 

13,793

 

13,050

Net Cash Provided by Financing Activities

 

13,793

 

13,050

 

 

 

 

 

Net Increase in Cash

 

-

 

-

 

 

 

 

 

Cash at Beginning of the Period

 

-

 

-

 

 

 

 

 

Cash at End of the Period

$

-

$

-

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

Interest

$

-

$

-

Income taxes

$

-

$

-

 

 

 

 

 

Supplemental Schedule of Non-Cash Investing and Financing Activities:

 

 

 

 

 

 

 

 

 

  None

$

-

$

-


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




F-6B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)




HEAVENLY HOT DOGS, INC.Notes to the Audited Financial Statements

[A Development Stage Company]For the Year Ended December 31, 2013


NOTES TO FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Basis of Presentation

These financial statements are presented on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America. It is management's opinion that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.


(B) Organization

B4MC Gold Mines, Inc. (formerly known as Heavenly Hot Dogs, Inc. (“the Company”) was organized under the laws of the State of Delaware on April 2, 1987.  In June 2000, the Company changed its domicile from Delaware to Nevada.  The Company attempted to sell franchises for the retail sale of its Chicago style hot dogs. The Company discontinued these operations during 1990 and had been inactive since that time until its acquisition of Trapper’s Pizza, Inc. on July 1, 2002. In March 2003, the Company rescinded the acquisition of Trapper’s Pizza, Inc.  TheOn October 10, 2013, the Company currently has no ongoing operations and is consideredamended its articles of incorporation to be a development stage company as defined by ASC Topic No. 270.change its name to B4MC Gold Mines, Inc.


Restatement / Rescinded Acquisition -(C) Stock Split

On July 1, 2002,November 12, 2013, the Company entered into an acquisition agreement with Trapper’s Pizza, Inc. The Company issued 3,000,000implemented a 3 for 1 forward stock split. Upon effectiveness of the stock split, each shareholder received 3 shares of common stock for all of the outstanding shares of Trapper’s Pizza, Inc. In March 2003, the Company and Trapper’s Pizza, Inc. agreed to rescind the acquisition agreement. The Company received and cancelled the previously issued 3,000,000 sharesevery share of common stock owned as of November 2, 2013. All share and has excludedper share references have been retroactively adjusted to reflect this 3 to 1 forward stock split in the financial statements and in the notes to financial statements for all transactions involving Trapper’s Pizza, Inc. from these financial statements.periods presented, to reflect the stock split as if it occurred on the first day of the first period presented.


(D) Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and expenses during the reported period. Significant estimates include valuation of in kind contribution of interest and services and the valuation of deferred tax assets. Actual results could differ from those estimates.

(E) Cash and Cash Equivalents -

The Company considers all highly liquid debttemporary cash investments purchased with aan original maturity of three months or less to be cash equivalents. At December 31, 2013 and 2012, the Company had $0 in cash equivalents.


Income Taxes -(F) Revenue Recognition

The Company accounts for income taxeswill recognize revenue on arrangements in accordance with ASC TopicFASB Accounting Standards Codification No. 740, “Accounting for Income Taxes” [See Note 2].605, Revenue Recognition. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured.


The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits.


The Company has no tax positions at December 31, 2012 and 2011 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.


The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the years ended December 31, 2012 and 2011, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at December 31, 2012, and 2011. All tax years starting with 2009 are open for examination.


(G) Loss Per Share -

Earnings (Loss) Per Share – The basic computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings"Earnings Per Share” [SeeShare." (See Note 6].5)


Accounting Estimates(H) Dividends -


The preparation of financial statements in conformity with accounting principles generally acceptedCompany has, at the present time, not paid any dividends and any dividends that may be paid in the United States of America requires management to make estimates and assumptions that affectfuture will depend upon the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the datefinancial requirements of the financial statements,Company and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimated by management.other relevant factors.




B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


Recently Enacted Accounting Standards – 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.


Accounting Standards Update (“ASU”) No. 2009-2 through ASU No. 2013-5 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued.  These updates have no current applicabilityNotes to the Company or their effect onAudited Financial Statements

For the financial statements would not have been significant.Year Ended December 31, 2013



(I) Income Taxes




F-7




 HEAVENLY HOT DOGS, INC.

[A Development Stage Company]


NOTES TO FINANCIAL STATEMENTS


NOTE 2 - INCOME TAXES


The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in accordance withthe years in which those temporary differences are expected to be recovered or settled. Under ASC Topic740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(J) Stock-Based Compensation

In December 2004, the FASB issued FASB Accounting Standards Codification No. 740, “Income Taxes.” ASC Topic718, Compensation – Stock Compensation. Under FASB Accounting Standards Codification No. 740, requires718, companies are required to measure the Companycompensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. The Company applies this statement prospectively.

Equity instruments (“instruments”) issued to other than employees are recorded on the basis of the fair value of the instruments, as required by FASB Accounting Standards Codification No. 718. FASB Accounting Standards Codification No. 505, Equity Based Payments to Non-Employees defines the measurement date and recognition period for such instruments. In general, the measurement date is when either a net deferred tax asset/liability equal(a) performance commitment, as defined, is reached or (b) the earlier of (i) the non-employee performance is complete or (ii) the instruments are vested. The measured value related to the expected future tax benefit/expenseinstruments is recognized over a period based on the facts and circumstances of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carryforwards.each particular grant as defined in the FASB Accounting Standards Codification.


(K) Business Segments

The Company has availableoperates in one segment and therefore segment information is not presented.

(L) Fair Value of Financial Instruments

The carrying amounts reported in the balance sheet for prepaids, accounts payable and accrued expenses, advances payable and notes payable approximate fair value based on the short-term maturity of these instruments. There are no assets or liabilities that are measured at fair value on a recurring basis.

(M) Recent Accounting Pronouncements

In February 2013, FASB issued Accounting Standards Update 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force). This guidance requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date. This stipulates that (1) it will include the amount the entity agreed to pay for the arrangement between them and the other entities that are also obligated to the liability and (2) any additional amount the entity expects to pay on behalf of the other entities. The objective of this update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. The amendments in this update are effective for fiscal periods (and interim reporting periods within those years) beginning after December 15, 2013. This standard is not expected to have a material impact on the Company’s reported results of operations or financial position.





B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


Notes to the Audited Financial Statements

For the Year Ended December 31, 2012, unused operating loss carryforwards2013

In February 2013, FASB issued Accounting standards update 2013-02, Comprehensive Income Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This update requires an entity to provide information about the amount reclassified out of accumulated other comprehensive income by component. The entity is also required to disclose significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting periods. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other discourses required under U.S. GAAP that provide additional detail about those amounts. The objective in this Update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in this update should be applied prospectively for reporting periods beginning after December 15, 2013. This standard is not expected to have a material impact on the Company’s reported results of operations or financial position.


On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders’ equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

NOTE 2 - NOTES PAYABLE

On September 6, 2013, the Company, and its majority shareholder and sole officer and director, consented to and entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. The acres consist of approximately $116,650, which may be applied against future taxable income32 acres of usable land. The 32 acres was encumbered by a loan obligation. The balance of the loan obligation as of September 30, 2013 was $109,443. The note has a 7% per annum stated interest rate and which expireis due and payable March 1, 2021. Payments in various years through 2032. However, if certain substantial changes in the Company’s ownership should occur, there could be an annual limitation on the amount of net operating loss carryforward which can$1,581 are required to be utilized. The amount of and ultimate realizationmade monthly. On May 22, 2014, a Mutual Rescission Agreement was entered into whereby the real property along with the debt were returned in exchange for shares of the benefits from the operating loss carryforwards for income tax purposes is dependent, in part, upon the tax laws in effect, the future earnings of the Company and other future events, the effects of which cannot be determined.  Because of the uncertainty surrounding the realization of the loss carryforwards the Company has established a valuation allowance equalCompany’s common stock issued to the tax effectRescinding Shareholders. No payments were made on the debt prior to the rescission.  (See Note 7)

The Company received advances of the loss carryforwards (approximately $17,500 and $14,800, respectively) at December 31, 2012 and 2011 and, therefore, no deferred tax asset has been recognized for the loss carryforwards.  The change in the valuation allowance is approximately $2,700 for$13,793 during the year ended December 31, 2012.


NOTE 3 - RELATED PARTY TRANSACTIONS


Management Compensation –The Company did not pay any compensation to its officers2013 and directors during$13,050 for the years ended December 31, 2012 and 2011.


Office Space -The Company has not had to rent office space.  Our transfer agent, Action Stock Transfer, is allowing the Company to use its address as the Company’s mailing address, as needed, at no cost to the Company.


Advances Payable –The Company received advances of $13,050same period in 2012 and $12,620 in 2011.2012.  A total of $92,116$105,909 and $79,066$92,116 was owed at December 31, 20122013 and 2011,2012, respectively, by the Company for advances. These funds are due and payable upon demand and have a statedaccrue interest rate ofat 6%. per annum. Accrued interest to date was $21,974 and $16,775 at December 31, 2013 and 2012 was $28,032 and 2011,$21,974, respectively. In connection with the Asset Purchase, the Company entered into an obligation to repay $129,002 to the advancing party on or before April 15, 2014. In addition, the Company entered into a release agreement wherein the advancing party released all claims against the Company in exchange for the promise to pay an additional $120,998 for a total accrued payable of $250,000 on or before April 15, 2014. Both agreements were verbal. Inasmuch as the Asset Purchase Agreement was Mutually Rescinded on May 22, 2014, the Company and the advancing party verbally agreed to rescind the release agreement, as well, and re-book the advances as they were prior to the release.

NOTE 3 - STOCKHOLDERS’ EQUITY (DEFICIENCY)

(A) Common Stock Issued for Cash

None.

(B) Amendments to Articles of Incorporation

On October 10, 2013, the Company amended its articles of incorporation to change its name to B4MC Gold Mines, Inc.





B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


NOTE 4 – GOING CONCERNNotes to the Audited Financial Statements


For the Year Ended December 31, 2013

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in

(C) Return of Common Stock

In September 2013, the United States of America, which contemplate continuationCompany’s former sole member of the Company asboard of directors and a going concern.  However, the Company has no on-going operations and has incurred losses since re-entering into a new development stage on January 1, 1991.  Further, the Company has no working capital to pay its expenses and has current liabilities in excess of current assets.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through sales of its common stock or through a possible business combination with another company.  There is no assurance that the Company will be successful in raising this additional capital or achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.




F-8




HEAVENLY HOT DOGS, INC.

[A Development Stage Company]


NOTES TO FINANCIAL STATEMENTS


NOTE 5 – CAPITAL STOCK


Common stock –The Company has authorized 750,000,000consultant, collectively returned 3,500,000 shares of common stock $.001 par value. At December 31, 2012,and were cancelled by the Company.


(D) Stock Issued for Mining Rights and Claim

On September 6, 2013, the Company, had 749,350 shares issued and outstanding.


In August 2001,its majority shareholder, entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company cancelled 1,575purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. The acres consist of approximately 32 acres of usable land. The Asset Purchase Agreement also included the purchase of several items of mining machinery and equipment owned by Mr. Anderson in consideration of 54,000,000 shares of common stock which had been previously repurchasedvalued at $285,480 (valued at $0.005287 per share) and assumed debt of $109,443. On May 22, 2014, a Mutual Rescission Agreement was entered into whereby the real property, mining rights, equipment, other assets and the assumed debt mentioned above were returned in exchange for $27,563, or $17.50shares of the Company’s common stock issued to the Rescinding Shareholders. (See Note 7)

On September 3, 2013, the Company entered into an assignment to acquire 6 unpatented mining claims in Nye County Nevada, in consideration of 6,810,402 shares of common stock valued at $36,004 (valued at $0.005287 per share.share). In October 2014, the Company entered into a Rescission of Assignment with the holders of the Nevada mining claims whereby the mining claims were returned in exchange for the Company’s common stock issued for said claims. (See Note 7)  


During March 2001,(E) Stock Issued for Services

On September 9, 2013 the Company issued 500,0004,589,598 shares of its previously authorized but unissued common stock having a fair value of $24,264 ($0.005287 per share) in exchange for consulting services. Inasmuch as the consulting services rendered,were never provided, the Company has cancelled these shares on its books and is in the process of obtaining the certificates for cancellation. (See Note 7)


On September 9, 2013 the Company issued 600,000 shares of common stock having a fair value of $3,172 ($0.005287 per share) in exchange for consulting services by an officer of the Company. (See Note 4). These shares were returned to the Company and cancelled pursuant to the Mutual Rescission Agreement dated May 22, 2014. (See Note 7)

NOTE 4 - RELATED PARTY TRANSACTIONS

On September 6, 2013, the Company, and its majority shareholder and sole officer and director, consented to and entered into an Asset Purchase Agreement with Shannon Anderson and Herbert “Chris” Christopherson, pursuant to which the Company purchased two parcels of real property located in Mineral County Montana from Messrs. Anderson and Christopherson. The acres consist of approximately 32 acres of usable land. The Asset Purchase Agreement also included the purchase of several items of mining machinery and equipment owned by Mr. Anderson in consideration of 54,000,000 shares of common stock valued at $5,000, or $.01$285,480 (valued at $0.005287 per share.share). The Asset Purchase Agreement closed on September 9, 2013. The Asset Purchase Agreement was mutually rescinded on May 22, 2014. (See Note 7)


On September 9, 2013 the Company issued 600,000 shares of common stock having a fair value of $3,172 ($0.005287 per share) in exchange for consulting services by an officer of the Company. These shares were returned to the Company and cancelled pursuant to the Mutual Rescission Agreement dated May 22, 2014. (See Note 7)


In March 2001,September 2013, the Company effectedCompany’s former sole member of the board of directors and a 10,000 for 1 reverse stock split. Any shareholder with less than 100consultant, collectively returned 3,500,000 shares of pre-split common stock was not affected. For shareholders with less than 100 post-split shares,and were cancelled by the Company issued 175,992 shares of its previously authorized but unissued common stock bringing them to a minimum of 100 shares.  The financial statements for all periods presented have been restated to reflect the stock split.Company.




B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


In June 2000,Notes to the Company issued 7,000 shares of its previously authorized but unissued common stock to an officer for services rendered, valued at $7,000, or $1.00 per share.Audited Financial Statements


For the Year Ended December 31, 2013

During April 2000, the Company issued 30,000 shares of its previously authorized but unissued common stock for services rendered, valued at $30,000, or $1.00 per share.


NOTE 65 – LOSS PER SHARE


The following data show the amounts used in computing loss per share and the effect on income and the weighted average number of shares of dilutive potential common stock for the years ended December 31, 20122013 and 2011:2012:


 

For the Year Ended December 31,

 

For the Years

Ended December 31,

 

2012

 

2011

 

2013

 

2012

Loss from continuing operations available

to common stockholders (numerator)

$

(18,249)

$

(16,977)

$

(24,995)

$

(18,249)

 

 

 

 

 

 

 

 

Weighted average number of common

shares outstanding used in loss per share

during the period (denominator)

 

749,350

 

749,350

 

2,248,050

 

2,248,050


Dilutive loss per share was not presented, as the Company had no common equivalent shares for all periods presented that would affect the computation of diluted loss per share.

NOTE 6 - GOING CONCERN

Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business.


The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its planned business. Management has plans to seek additional capital through a public or private offering of equity or debt securities, or by other means. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.


There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from the operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, havea material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company’s existing stockholders.


The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might necessary in the event the Company cannot continue in existence.




B4MC Gold Mines, Inc.

(formerly known as Heavenly Hot Dogs, Inc.)


Notes to the Audited Financial Statements

For the Year Ended December 31, 2013

NOTE 7 - SUBSEQUENT EVENTEVENTS


On May 22, 2014, the Company entered into a Mutual Rescission Agreement (the “Rescission Agreement”) by and among the Company, and Shannon Anderson (“Anderson”), a resident of Idaho, and Herbert Christopherson, a resident of Idaho ("Christopherson"), and Brittany Puzzi, a resident of Idaho (“Puzzi”), collectively referred to as the “Rescinding Shareholders”.


Pursuant to the terms of an Asset Purchase Agreement entered into on or about September 6, 2013 the Company received certain real property, mining rights, equipment and other assets as listed in the Asset Purchase Agreement filed as an exhibit to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 12, 2013 in exchange for shares of the Company’s common stock issued the Rescinding Shareholders. The Company and the Rescinding Shareholders have agreed to rescind the Asset Purchase Agreement. The Rescinding Shareholders will take back the assets, including the underlying debt, and return 47,550,000 of the common shares issued pursuant to the Asset Purchase Agreement. The shares to be returned are as follows: Anderson 33,000,000 shares, Christopherson 14,000,000 shares and Puzzi 550,000 shares.


In October 2014, the Company and Avidity Holdings LLC, a Utah limited liability company (“Avidity”) entered into a Rescission of Assignment Agreement (“Rescission of Assignment”) of the Nevada Mining Claims Assignment (the “Nevada Claim Assignment”) entered into by the parties on or about September 6, 2013. All of the Nevada Mining Claims will be returned to Avidity and all of the shares issued pursuant to the exchange will be returned to the Company. The total number of shares to be returned is 6,810,402.


As a part of the Asset Purchase entered into on September 6, 2013 4,589,598 shares of common stock were issued pursuant to the terms of a consulting agreement. Inasmuch as the Asset Purchase was mutually rescinded and the services contemplated in the consulting agreement were never performed, the Company cancelled the shares on its books and records. It is in the process of obtaining the shares from the consultant to be officially cancelled by the transfer agent.


On December 31, 2014, 3,210,402 of the shares issued for mining claims were returned and cancelled pursuant to Rescission of Assignment entered into in October 2014. The remaining 3,600,000 shares have been returned to the Company, but have not yet been cancelled.


On December 31, 2014, the Company’s sole officer and director purchased 25,000,000 shares of the Company’s common stock for $25,000.


On May 12, 2015, the Company sold 248,976,200 shares of its common stock for $248,976.


The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there were no additional items to report.




F-9


F-12