Mondo Acquisition II, Inc,Inc. was incorporated in the State of Delaware on October 30, 2006.

On July 20, 2011,In March 2012, the Company filed a Definitive Information Statement on Schedule 14Creported that ONE has sold its entire stockholding in the Company to Global Fund Holdings Corp. an Ontario, Canada corporation which describes fullybecame the exercise of the option by ONE pursuant to the Option Agreement dated April 14, 2010 to acquire 100% of the stock of Elevated Throne Overseas Ltd.new majority stockholder.

The condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s financial position as of the period reporting date, and the results of its operations and cash flows for the fiscalreporting period end. The results of operations for the fiscalreporting period end are not necessarily indicative of the results to be expected for future quarters or the full fiscal year. Certain prior period balances have been reclassified to conform to current period’s presentation.

In preparing the condensed financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the periods reported. Actual results could differ from those estimates.

Cash and cash equivalents include all cash, deposits in banks and other highly liquid investments with initial maturities of three months or less to be cash equivalents.

The Financial Accounting Standards Board (the “FASB”) has codified a single source of U.S. GAAP, the Accounting Standards Codification™. Unless needed to clarify a point to readers, we will refrain from citing specific section references when discussing application of accounting principles or addressing new or pending accounting rule changes. There are noManagement does not believe that any recently issued, but not yet effective accounting standards that are expected topronouncements, if adopted, would have a material effect on ourthe accompanying financial condition, resultsstatements.

The Company is authorized under its Articles of Incorporation to issue 10,000,00010 million shares of Series A preferred stock with a par value of $0.001 per share. Each share of the Company’s preferred stock provides the holder with the right to vote 1,000 votes on all matters submitted to a vote of the shareholdersstockholders of the Company and is convertible into 1,000 shares of the Company’s common stock. The preferred stock is non-participating and carries no dividend.

There was no warrants activity during the ninesix months ended SeptemberJune 30, 2011.2012. See below chart referencing outstanding warrants as of SeptemberJune 30, 2011:2012:

The Company had no active business operations for the three months and ninesix months ended SeptemberJune 30, 2012 and June 30, 2011. Accordingly, there is no information for those periods to be comparedExpenses consist of accounting, legal and filing fees. On March 2, 2012, the Company was divested by our former majority stockholder, One Bio, Corp (“ONE”) and according to the three months and nine months ended September 30, 2010.terms of the Stock Purchase Agreement executed between the willing parties, all the debts of the Company as of the closing date were assumed by ONE. As a result, the Company recorded $178,589 as a gain from extinguishment of debt.

The Company had no active business operations for the three months and ninesix months ended SeptemberJune 30, 2011.2012. Accordingly, the Company had no liquidity and capital resources for those periods.

The Company’s critical accounting policies are still being applied despite that the Company has no ongoing business operations.

Critical accounting polices include the areas where we have made what we considered to be particularly subjective or complex judgments in making estimates and where these estimates can significantly impact our financial results under different assumptions and conditions.

We prepare our financial statements in conformity with generally accepted accounting principles in the United States of America. As such, we are required to make certain estimates, judgments and assumptions that we believe are reasonable based upon the information available. These estimates, judgments and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. Actual results could be different than those estimates.

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

There has been no material change in market risks since our last Annual Report on Form 10-K for the year ended December 31, 2010.2011.

DisclosureOur management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures are controls and other procedures that are designedpursuant to ensure that information required to be disclosed in company reports filed or submittedRule 13a-15 under the Securities Exchange Act of 1934, as amended (“Exchange Act”), as of the end of the period covered by this Quarterly Report on Form 10-Q.

Based on this evaluation, our chief executive officer and chief financial officer concluded that, as of the reporting period end, our disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the “ExchangeExchange Act” is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms.  Disclosure controlsforms, and procedures include without limitation, controls and procedures designed to ensure that such information required to be disclosed in company reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.