U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q


Mark One

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

         EXCHANGEEXCHANEG ACT OF 1934


         For the period ended December 31, 2008June 30, 2009


[   ]  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. 333-144509


Bosco Holdings, Inc.
(Name of small business issuer in its charter)

      

      

Nevada
(State or other jurisdiction of incorporation
or organization)

98-0534794
(I.R.S. Employer Identification No.)

      

      

26 Utkina Street, Suite 10

Irkutsk, Russia 664007
(Address of principal executive offices)

      

      

7-3952-681-878
(Issuer’s telephone number)

      

      

Securities registered pursuant to Section
12(b) of the Act:

Name of each exchange on which
registered:

None

 

      

      

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, $0.001

 

(Title of Class)

 

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   

Yes [X ]   No[    ]



1 |Page






Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ]

Accelerated filer [   ]

Non-accelerated filer [   ]

Smaller reporting company [X]

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

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes[   ]  No[   ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class

Outstanding as of  FebruaryAugust 10, 2009

Common Stock, $0.001

26,200,000    





- 1 -2 |Page








BOSCO HOLDINGS, INC.


Form 10-Q


Part 1   

FINANCIAL INFORMATION

 

 

 

 

Item 1

Financial Statements

3

   

   Balance Sheets

3

      

   Statements of Operations

4

 

   Statements of Cash Flows

5

 

   Notes to Financial Statements

6

 

 

 

Item 2.   

Management’s Discussion and Analysis of Financial Condition and Results of Operations

1213

      

 

 

Item 3.   

Quantitative and Qualitative Disclosures About Market Risk

  17

      

 

 

Item 4.

Controls and Procedures

1817

 

 

 

Part II.

OTHER INFORMATION

 

      

 

 

Item 1   

Legal Proceedings

19

      

 

 

Item 2.  

Changes inUnregistered Sales of Equity Securities and Use of Proceeds

19

 

 

 

Item 3   

Defaults Upon Senior Securities

19

      

 

 

Item 4      

Submission of Matters to a Vote of Security Holders

19

 

 

 

Item 5  

Other Information

2019

      

 

 

Item 6      

Exhibits

2120

      

 

 

 

Signatures

2120





- 2 -3 |Page






PART I


ITEM 1. FINANCIAL STATEMENTS


BOSCO HOLDINGS, INC

(A Development Stage Company)

Balance Sheets

Assets

 

 

 

 

 

December 31

 

March 31

 

 

 

 

 

2008

 

2008

 

 

 

 

 

(Unaudited)

 

(Audited)

Current Assets

 

 

 

 

 

 

 

Cash

 

 

$

14,930

$

9,643


Total Assets

 

 


$


14,930


$


9,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity (deficit)

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

 Accounts payables and accrued liabilities

 

 

$

5,175

$

3,000

 

Loans from related party

 

 

$

39,000

$

10,000

 


Total Current Liabilities

 

 


$


44,175


$


13,000

 

 

 

 

 

 

 

Stockholders’ Equity (deficit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 Common stock, $0.001par value, 75,000,000 shares authorized;

 

 

 

 

 

 

 

    26,200,000 shares issued and outstanding

 

 

 

26,200

 

26,200

 

Additional paid-in-capital

 

 

 

(800)

 

(800)

 

Deficit accumulated during the development stage

 

 

 

(54,645)

 

(28,757)


Total stockholders’ equity (deficit)

 

 



(29,245)

 


(3,357)


Total liabilities and stockholders’ equity (deficit)

 

 


$


14,930


$


9,643

 

 

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




- 3 -




BOSCO HOLDINGS, INC

(A Development Stage Company)

Statements of Operations

(Unaudited)

 



Three Months Ended

December 31, 2008


Three Months Ended

December31, 2007

Nine

Months Ended

December 31, 2008

Nine

Months Ended

December 31, 2007

From Inception on

December 13,

2006 to

December 31, 2008

 

Expenses

     General and Administrative Expenses

$     6,944

$       6,023

$     25,888

$     17,406

$         54,645

Total Expenses

$     6,944

$       6,023

$     25,888

$     17,406

$         54,645

Net (loss) before Income Taxes

$   (6,944)

$     (6,023)

$   (25,888)

$   (17,406)

$      (54,645)

Income Tax Expenses

              -

-

              -

-

                  -

 

 

 

 

 

 

Net (loss)

$   (6,944)

$     (6,023)

$   (25,888)

$   (17,406)

$      (54,645)

 

 

 

 

 

 

(Loss) per common share – Basic and diluted

$       (0.00)

$       (0.00)

$       (0.00)

$       (0.00)

 

 

 

 

 

 

 

 

Weighted Average Number of Common

Shares Outstanding


26,200,000


26,200,000


26,200,000


26,200,000

 

 

 

 

 

 

 

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

BOSCO HOLDINGS, INC

(A Development Stage Company)

Balance Sheets

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

June 30

 

March 31

 

 

 

 

 

2009

 

2009

 

 

 

 

 

(Unaudited)

 

(Audited)

Current Assets

 

 

 

 

 

 

 

Cash

 

 

$

8,004

$

12,527


Total Assets

 

 


$


8,004


$


12,527

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity (deficit)

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

 Accounts payables and accrues liabilities

 

 

$

5,547

$

5,360

 

Loans from related party

 

 

$

39,000

$

39,000

 


Total Current Liabilities

 

 


$


44,547


$


44,360

 

 

 

 

 

 

 

Stockholders’ Equity (deficit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 Common stock, $0.001par value, 75,000,000 shares authorized;

 

 

 

 

 

 

 

    26,200,000 shares issued and outstanding

 

 

 

26,200

 

26,200

 

Additional paid-in-capital

 

 

 

(800)

 

(800)

 

Deficit accumulated during the development stage

 

 

 

(61,943)

 

(57,233)


Total stockholders’ equity (deficit)

 

 



(36,543)

 


(31,833)


Total liabilities and stockholders’ equity (deficit)

 

 


$


8,004


$


12,527

 

 




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





4 |Page

- 4 -




BOSCO HOLDINGS, INC

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

 

 

Nine Months Ended

 December 31, 2008

 

Nine Months Ended

December 31, 2007

 

From Inception on

December 13,

2006 to

December 31, 2008

Operating Activities

 

 

 

 

 

 

  Net (loss)

$

(25,888)

$

(17,406)

$

 (54,645)

 

Accounts payables and accrued liabilities

 

2,175

 

3,000

 

5,175

 


Net cash (used) for operating activities

 


(23,713)

 


(14,406)

 


(49,470)

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

Loans from related party

 

29,000

 

-

 

39,000

 

Sale of common stock

 

-

 

-

 

25,400

 


Net cash provided by financing activities

 


29,000

 


-

 


64,400

 

 

 

 

 

 

 

 

Net increase (decrease) in cash and equivalents

 

5,287

 

(14,406)

 

14,930

 

 

 

 

 

 

 

Cash and equivalents at beginning of the period

 

9,643

 

25,502

 

-


Cash and equivalents at end of the period


$


14,930


$


11,096


$


14,930

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest                                                                                               

$

-

$

-

$

-

 

Taxes  


$


-


$


-


$


-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Cash Activities

$

 -

$

-

$

-

 

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





- 5 -





BOSCO HOLDINGS, INC

(A Development Stage Company)

Statements of Operations

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

June 30, 2009

 

Three Months Ended

June 30, 2008

 

From Inception on

December 13,

2006 to

   June 30, 2009

 

Expenses

     General and Administrative Expenses

$

4,710

$

1,653

$

61,943

Total Expenses

$

4,710

$

1,653

$

61,943

Net (loss) before Income Taxes

$

(4,710)

$

(1,653)

$

(61,943)

Income Tax Expenses

$

-

$

-

$

-

 

 

 

 

 

 

 

Net (loss)

$

(4,710)

$

(1,653)

$

(61,943)

 

 

 

 

 

 

 

(Loss) per common share – Basic and diluted

$

(0.00)

$

(0.00)

$

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 


26,200,000

 


26,200,000

 

 

 

 

 

 

 

 

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

 




5 |Page







BOSCO HOLDINGS, INC

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

 

 

 

 

Three Months Ended

 June 30, 2009

 

Three Months Ended

 June 30, 2008

 

From Inception on

December 13,

2006 to

June 30, 2009

Operating Activities

 

 

 

 

 

 

  Net (loss)

$

(4,710)

$

(1,653)

$

 (61,943)

 

Accounts payables and accrues liabilities

 

187

 

-

 

5,547

 


Net cash (used) for operating activities

 


(4,523)

 


(1,653)

 


(56,396)

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

Loans from related party

 

-

 

-

 

39,000

 

Sale of common stock

 

-

 

-

 

25,400

 


Net cash provided by financing activities

 


-

 


-

 


64,400

 

 

 

 

 

 

 

 

Net increase (decrease) in cash and equivalents

 

(4,523)

 

(1,653)

 

8,004

 

 

 

 

 

 

 

Cash and equivalents at beginning of the period

 

12,527

 

9,643

 

-


Cash and equivalents at end of the period


$


8,004


$


7,990


$


8,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest                                                                                               

$

-

$

-

$

-

 

Taxes  


$


-


$


-


$


-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Cash Activities

$

 -

$

-

$

-

 

 

 

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




6 |Page






BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008June 30, 2009

(Unaudited)


1. NATURE AND CONTINUANCE OF OPERATIONS


Bosco Holdings, Inc. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on December 13, 2006.  The Company is in the development stage as defined under Statement on Financial Accounting Standards No. 7, Development Stage Enterprises (“SFAS No.7”) and its efforts are primarily devoted marketing and distributing laminate flooring to the wholesale and retail markets throughout North America. The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise.  For the period from inception, December 13, 2006 through December 31, 2008June 30, 2009 the Company has accumulated losses of $54,645.$61,943.  

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred losses since inception resulting in an accumulated deficit of $54,645$61,943 as at December 31, 2008June 30, 2009 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock.  


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Cash and Cash equivalents

For purposes of Statement of Cash Flows the Company considers all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalent.


Use of Estimates and Assumptions

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period.  Actual results could differ from those estimates.


Foreign Currency Translation

The financial statements are presented in United States dollars.  In accordance with Statement of Financial Accounting Standards No. 52, “Foreign Currency Translation”, foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Non monetary assets and liabilities are translated at the exchange rates prevailing on the transaction date. Revenue and expenses are translated at average rates of exchange during the year.  Gains or losses resulting from foreign currency transactions are included in results of operations.


Fair Value of Financial Instruments

The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments.  Unless otherwise noted, it is management’s opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.




- 6 -7 |Page







BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008

(Unaudited)June 30, 2009


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


Income Taxes

The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

At December 31, 2008June 30, 2009 a full-deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.


Basic and Diluted Loss Per Share

The Company computes loss per share in accordance with SFAS No. 128, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.


Cash and Cash Equivalents

For purposes of the Statements of Cash Flows, the Company considers all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents.


Long-Lived Assets

The Company has adopted Statement of Financial Accounting Standards No. 144 (“SFAS 144”). The Statement requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. SFAS No. 144 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell.


Research and Development

The Company accounts for research and development costs in accordance with the Financial Accounting Standards Board’s Statement of Financial Accounting Standards No. 2 (“SFAS 2”), “Accounting for Research and Development Costs”. Under SFAS 2, all research and development costs must be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and developments costs are expensed when the contracted work has been performed or as milestone results have been achieved. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred. The Company incurred expenditures $0 the period from December 13, 2006 (date of inception) to December 31, 2008.June 30, 2009.


Concentrations of Credit Risk

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and related party receivables. The Company places its cash and temporary cash investments with credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit. The Company periodically reviews its trade receivables in determining its allowance for doubtful accounts. The Company does not have accounts receivable and allowance for doubtful accounts at December 31, 2008.June 30, 2009.




- 7 -8 |Page







BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008

(Unaudited)June 30, 2009


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


Revenue Recognition

 The Company will recognize revenue in accordance with Staff Accounting Bulletin No. 104, REVENUE RECOGNITION ("SAB104"), which superseded Staff Accounting Bulletin No. 101, REVENUE RECOGNITION IN FINANCIAL STATEMENTS ("SAB101"). SAB 101 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The CompanyCompan y will defer any revenue for whi chwhich the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

SAB 104 incorporates Emerging Issues Task Force 00-21 ("EITF 00-21"), MULTIPLE-DELIVERABLE REVENUE ARRANGEMENTS. EITF 00-21 addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. The effect of implementing EITF 00-21 on the Company's consolidated financial position and results of operations was not significant.

From the date of inception through December 31, 2008,June 30, 2009, the Company has not generated any revenue to date.


Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the period ended December 31, 2008.June 30, 2009.


Liquidity

As shown in the accompanying financial statements, the Company has incurred a net loss of $54,645$61,943 for the period ended December 31, 2008.June 30, 2009. As of December 31, 2008,June 30, 2009, the Company's has excess of current liabilities over its current assets by $29,245,$36,543, with cash and cash equivalents representing $14,930.$8,004.


Stock-based Compensation

In December 2004, the FASB issued SFAS No. 123R, “Share-Based Payment”, which replaced SFAS No. 123, “Accounting for Stock-Based Compensation” and superseded APB Opinion No. 25, “Accounting for Stock Issued to Employees”. In January 2005, the Securities and Exchange Commission (“SEC”) issued Staff Accounting Bulletin (“SAB”) No. 107, “Share-Based Payment”, which provides supplemental implementation guidance for SFAS No. 123R. SFAS No. 123R requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. SFAS No. 123R was to be effective for interim or annual reporting periods beginning on or after June 15, 2005, but in April 2005 the SEC issued a rule that will permit most registrants to implement SFAS No. 123R at the beginning of their next fiscal year, instead of the next reporting period as required by SFAS No. 123R. The pro-forma disclosures previously permitted under SFAS No. 123 no longer will be an alternative to financial statement recognition. Under SFAS No. 123R, the Company must determine the appropriate fair value model to be used for valuing share-based payments, the amortization method for compensation cost and the transition method to be used at date of adoption.

The transition methods include prospective and retroactive adoption options. Under the retroactive options, prior periods may be restated either as of the beginning of the year of adoption or for all periods presented. The prospective method requires that compensation expense be recorded for all unvested stock options and restricted stock at the beginning of the first quarter of adoption of SFAS No. 123R, while the retroactive methods would record compensation expense for all unvested stock options and restricted stock beginning with the first period restated. The Company adopted the modified prospective approach of SFAS No. 123R for the period beginning December 13, 2006. The Company did not record any compensation expense in the year of 20082009 because there were no stock options outstanding prior to the adoption or at December 31, 2008.June 30, 2009.  




- 8 -9 |Page








BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008

(Unaudited)June 30, 2009


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


 Recent Accounting Pronouncements

 In May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163, “Accounting for Financial Guarantee Insurance Contracts-and interpretation of FASB Statement No. 60”.  SFAS No. 163 clarifies how Statement 60 applies to financial guarantee insurance contracts, including the recognition and measurement of  premium revenue and claims liabilities. This statement also requires expanded disclosures about financial guarantee insurance contracts. SFAS No. 163 is effective for fiscal years beginning on or after December 15, 2008, and interim periods within those years. SFAS No. 163 has no effect on the Company’s financial position, statements of operations, or cash flows at this time.

In May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162, “The Hierarchy of Generally Accepted Accounting Principles”.  SFAS No. 162 sets forth the level of authority to a given accounting pronouncement or document by category. Where there might be conflicting guidance between two categories, the more authoritative category will prevail. SFAS No. 162 will become effective 60 days after the SEC approves the PCAOB’s amendments to AU Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on the Company’s financial position, statements of operations, or cash flows at this time.


In March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities—an amendment of FASB Statement No. 133.  This standard requires companies to provide enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. The Company has not yet adopted the provisions of SFAS No. 161, but does not expect it to have a material impact on its consolidated financial position, results of operations or cash flows.

 In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in developing an estimate of expected term of "plain vanilla" share options in accordance with SFAS No. 123 (R), Share-Based Payment.  In particular, the staff indicated in SAB 107 that it will accept a company's election to use the simplified method, regardless of whether the company has sufficient information to make more refined estimates of expected term. At the time SAB 107 was issued, the staff believed that more detailed external information about employee exercise behavior (e.g., employee exercise patterns by industry and/or other categories of companies) would, over time, become readily available to companies. Therefore, the staff stated in SAB 107 that it would not expect a company to use the simplified method for share option grants after December 31, 2007. The staff unders tands that such detailed information about employee exercise behavior may not be widely available by December 31, 2007. Accordingly, the staff will continue to accept, under certain circumstances, the use of the simplified method beyond December 31, 2007. The Company currently uses the simplified method for “plain vanilla” share options and warrants, and will assess the impact of SAB 110 for fiscal year 2009. It is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.




- 9 -



BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008

(Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51.  This statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. Before this statement was issued, limited guidance existed for reporting noncontrolling interests. As a result, considerable diversity in practice existed. So-called minority interests were reported in the consolidated statement of financial position as liabilities or in the mezzanine section between liabilities and equity. This statement improves comparability by eliminating that diversity. This statement is effective for fiscal years, andinterimand interim periods within those fiscalf iscal years, beginning on or after December 15, 2008 (that is, January 1, 2009, for entities with calendar year-ends). Earlier adoption is prohibited. The effective date of this statement is the same as that of the related Statement 141 (revised 2007). The Company will adopt this Statement beginning March 1, 2009. It is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.



10 |Page






BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

March 31, 2009


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)



In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business Combinations.’This Statement replaces FASB Statement No. 141, Business Combinations, but retains the fundamental requirements in Statement 141.  This Statement establishes principles and requirements for how the acquirer: (a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree; (b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and (c) determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. This statement applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. An entity may not apply it bef ore that date. The effective date of this statement is the same as that of the related FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements.  The Company will adopt this statement beginning March 1, 2009. It is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.


In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for Financial Assets and Liabilities—Including an Amendment of FASB Statement No. 115.  This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. This option is available to all entities. Most of the provisions in FAS 159 are elective; however, an amendment to FAS 115 Accounting for Certain Investments in Debt and Equity Securities applies to all entities with available for sale or trading securities. Some requirements apply differently to entities that do not report net income. SFAS No. 159 is effective as of the beginning of an entities first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice in the first 120 days of that fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value Measurements .  The Company will adopt SFAS No. 159 beginning March 1, 2008 and is currently evaluating the potential impact the adoption of this pronouncement will have on its consolidated financial statements.


In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements  This statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. This statement applies under other accounting pronouncements that require or permit fair value measurements, the Board having previously concluded in those accounting pronouncements that fair value is the relevant measurement attribute. Accordingly, this statement does not require any new fair value measurements. However, for some entities, the application of this statement will change current practice. This statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Earlier application is encouraged, provided that the reporting entity has not yet issued financial statements for that fiscal year, including fina ncial statements for an interim period within that fiscal year. The Company will adopt this statement March 1, 2008, and it is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.




- 10 -11 |Page







BOSCO HOLDINGS, INC

(A Development Stage Company)

Notes To The Financial Statements

December 31, 2008

(Unaudited)June 30, 2009


3. COMMON STOCK


The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par  value of one tenth of one cent  ($0.001) per share and no other class of shares is authorized.  As of December 31, 2008June 30, 2009 and  the company has issued and outstanding  26,200,000 shares of common stock.


During the year March 31, 2007,  the Company  issued  26,200,000  shares of common  stock for total cash  proceeds of $25,400.  On  December 31, 2008At June 30, 2009 there were no outstanding stock options or warrants.


 On February 21, 2008,  the  Company's  Board of  Directors  authorized  and declared a five-for-one  forward stock split of the Company's common stock. The stock split was effected in the form of a stock  dividend  distribution on March  27,  2008 to the  stockholders  on  record  on close of  business February 21, 2008.  The  Stockholders  received four  additional  shares of common  stock  for  each  share of  common  stock  held as of the  close of business on the record date.


All shares and per-share data have been restated to reflect this stock splitsplit.



4. INCOME TAXES


 As of  December 31, 2008,June 30, 2009, the Company had net operating loss carry forwards of approximately $54,645$61,943  that may be available to reduce future years’ taxable income through 2028. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.



5. MARKETING AND SALES DISTRIBUTION AGREEMENT


 The Company entered into a Marketing and Sales Distribution Agreement with Bossco-Laminate Co., LTD to market and distribute the laminate flooring products in North America.



6. RELATED PARTY TRANSACTONSTRANSACTIONS


On October 8, 2008 related party had loaned the Company $7,500 at the interest rate of 10%. The loan due upon demand and unsecured.




12 |Page



- 11 -





FORWARD LOOKING STATEMENTS


Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertain ties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION


GENERAL  


Bosco Holdings, Inc. was incorporated under the laws of the State of Nevada in December 13, 2006. We are engaged in the business of marketing and distributing laminate flooring in both the mass wholesale and retail markets throughout North America. As of the date of this Report, we have not commenced business operations other than the execution of a marketing and sales distribution agreement with our supplier, Bossco-Laminate Co., Ltd., a private Russian company.   


Our shares of common stock trade on the Over-the-Counter Bulletin Board under the symbol “BCHO:OB”.  


Please note that throughout this Annual Report, and unless otherwise noted, the words "we," "our," "us," the "Company," or "Bosco Holdings, Inc.” refers to Bosco Holdings, Inc.   




- 12 -



13RECENT DEVELOPMENTS |Page


April 2008 Forward Stock Split


On February 21, 2008, our Board of Directors pursuant to minutes of written consent in lieu of a special meeting authorized and approved a forward stock split of five for one (5:1) of our total issued and outstanding shares of common stock (the “Forward Stock Split”). Each of our shareholders holding one share of common stock was entitled to receive an additional four shares of our restricted common stock. The additional shares of our common stock to be issued to the shareholders in accordance with the Forward Stock Split were mailed on approximately April 15, 2008 without any action on the part of the shareholders.


The Forward Stock Split was effectuated based on market conditions and upon a determination by our Board of Directors that the Forward Stock Split was in our best interests and of the shareholders. In our judgment the Forward Stock Split resulted in an increase in our trading float of shares of common stock available for sale resulting in facilitation of investor liquidity and trading volume potential. The intent of the Forward Stock Split was to increase the marketability of our common stock.


The Forward Stock Split was effectuated with a record date of February 21, 2008 upon filing the appropriate documentation with NASDAQ. The Forward Stock Split was implemented taking into account our authorized share capital and number of issued and outstanding shares of common stock as of the Record Date. Total issued and outstanding shares of common stock increased from 5,240,000 shares to 26,200,000 shares. The par value for our shares of common stock remained the same at $0.001.      


CURRENT BUSINESS OPERATIONS


We are engaged in the business of marketing and distributing laminate flooring in both the mass wholesale and retail markets throughout North America. Laminate flooring is a relatively new building material product invented in Sweden in the early 1980's. Management believes that laminate flooring now comprises approximately 10% market share of the flooring product market, which is expanding due to the product's durability and ecological compatibility.


On approximately March 9, 2007, we entered intoLaminate flooring is a marketingversatile, durable, attractive flooring with the appearance of a hardwood floor. Although laminate flooring looks like wood flooring, there is actually no solid wood used in its construction. Laminate floors are made up of several materials bonded together under high pressure. Most laminate flooring consists of a moisture resistant layer under a layer of HDF (high density fiberboard). This is covered with a high-resolution hotographic image of natural wood flooring. It is then finished with an extremely hard, clear coating made from special resin-coated cellulose to protect the laminate flooring. Our management believes that laminate flooring is perfect for anyone wanting a durable floor for a fraction of the price and sales distribution agreementinstallation time of a hardwood floor, but with Bossco (the “Agreement”), pursuantthe attractiveness of real hardwood. Its construction also makes laminate flooring more environmentally friendly as it uses less wood in its production a nd makes more efficient use of wood fiber.


Management believes that both laminate flooring and hardwood flooring can beautify a home. While hardwood is often thought to which Bossco has agreedbe a superior choice, there are several advantages to manufacture certainlaminate flooring. Distinct differences between the two types of flooring often make laminate flooring a more attractive alternative. Solid hardwood of any thickness (most is 3/8" to 3/4") should be installed only above grade. Laminate flooring can be installed above or below grade. Some hardwood flooring is engineered, meaning that instead of solid hardwood, it is made of several wood layers with a hardwood veneer. Laminate flooring is usually 7mm to 8mm (5/16" to 3/8") thick and is also made of several layers. These are laminated together for stability and strength. The top surface of laminate flooring productsis a "photograph" of hardwood. High quality "photographs" faithfully reproduce the grain and fulfill our written purchase orders for these products in a timely manner. In accordance withcolor of natural hardwood an d the termssurfaces on quality laminate flooring closely resemble real wood. Although many people insist on hardwood flooring, we believe that laminates are long lasting, durable, and provisionsaffordable and quickly becoming one of the Agreement: (i) Bossco has agreed to manufacture and supply polish and relief surfacemost popular types of flooring.


One obvious advantage is price; laminate flooring withis typically half the dimensionscost of 1200 x 300 x 8 millimeters;traditional hardwood flooring. Sometimes the savings are even greater, depending on the types of flooring in question. Additionally, laminate flooring is designed to be easy to install and (ii) we will pay Bossco $12.00 per square meteris generally a good choice for the "do-it-yourself" market, where solid hardwood installation requires a higher level of polish surfaceexpertise. Installing laminate does not involve nails. More recently the use of glue has been eliminated from the installation process in many cases. As a result laminate flooring can be installed fairly quickly and $12.5 per each square meter of relief surface laminate.inexpensively. Laminate flooring is generally designed to be scratch-resistant and fade resistant, two areas where solid hardwood flooring is known to be more vulnerable.




- 13 -14 |Page



The Agreement provides for the following additional terms and provisions: (i) we and our  assignees  may use the  marketing  information  that  Bossco provides us in all of our marketing and  distribution  efforts to sell the laminate  flooring  products and we agree not to make any  marketing           claim  in regard to the products that are not supported by the information supplied by Bossco; (ii) from time to time Bossco can make reasonable adjustment to the price of the laminate flooring products by giving us written notification of such product price amendments; (iii) although Bossco's price list acts as a guide for purchases made by us, both parties may negotiate discounts on any singular product purchase order provided to Bossco, including the purchase of laminate flooring from a manufacturing ove rrun situation; (iv) we agree to pay the price of product purchases by letter of credit or wire transfer prior to product  shipment and are responsible for all  related shipping costs, unless other arrangements have been expressly agreed to; (v) the Agreement can be terminated upon 60 days' written notice by either party (notwithstanding  this  provision,  we or our assigns will be permitted to sell, market, and distribute all laminate flooring products that have been ordered from Bossco or are in our assigns' possession at termination; and (vi) there are no set minimum quota requirements for product sales under the Agreement in the first year. Bossco will be obligated to assist in the completion of each sales order on a case-by-base basis, regardless of quantity. Following the first year of the Agreement, both parties will review sales activities during the prior year and review this provision of the Agreement.




RESULTS OF OPERATION

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.


We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.


Nine-MonthThree Month Period Ended December 31, 2008June 30, 2009 Compared to Nine-MonthThree-Month Period Ended December 31, 2007June 30, 2008  


Our net loss for the nine-monththree-month period ended December 31, 2008June 30, 2009 was approximately ($25,888)4,710) compared to a net loss of ($17,406)1,653) during the nine-monththree-month period ended December 31, 2007June 30, 2008 (an increase of $8,482)$3,057). During the nine-monththree-month periods ended December 31,June 30, 2009 and 2008, and 2007, we did not generate any revenue.  


During the nine-monththree-month period ended December 31, 2008,June 30, 2009, we incurred general and administrative expenses of approximately $25,888$4,710 compared to $17,406$1,653 incurred during the nine-monththree-month period ended December 31, 2007June 30, 2008 (an increase of $8,482)$3,057). The general and administrative expenses incurred during the nine-monththree-month period ended December 31, 2008June 30, 2009 consisted of corporate overhead, financial and administrative contracted services, marketing, and consulting costs.


Our net loss during the nine-monththree-month period ended December 31, 2008June 30, 2009 was ($25,888)4,710) or ($0.00) per share compared to a net loss of ($17,406)1,653) or ($0.00) per share during the nine-monththree-month period ended December 31, 2007.June 30, 2008. The weighted average number of shares outstanding was  26,200,000 for the nine-monththree-month periods ended December 31,June 30, 2009 and 2008, and 2007, respectively.    




- 14 -



LIQUIDITY AND CAPITAL RESOURCES


NIne-MonthThree-Month Period Ended December 31, 2008June 30, 2009


As at the nine-monththree-month period ended December 31, 2008,June 30, 2009, our current assets were $14,930$8,004 and our current liabilities were $44,175,$44,547, which resulted in a working capital deficiency of ($29,245)36,543). As at the nine-monththree-month period ended December 31, 2008,June 30, 2009, current assets were comprised of $14,930$8,004 in cash. As at the nine-monththree-month period ended December 31, 2008,June 30, 2009, current liabilities were comprised of $39,000 in loan from related party and $5,175$5,547 in accounts payable and accrued liabilities.


As at the nine-monththree-month period ended December 31, 2008,June 30, 2009, our total assets were $14,930$8,004 comprised entirely of current assets compared to $9,643$12,527 at fiscal year ended March 31, 2008.2009. The increasedecrease in total assets during the nine-monththree-month period ended December 31, 2008June 30, 2009 from fiscal year ended March 31, 20082009 was due to an increasea decrease in cash resulting from loans from related party.

 .cash.      


As at the nine-monththree-month period ended December 31, 2008,June 30, 2009, our total liabilities were $44,175$44,547 comprised entirely of current liabilities compared to $13,000$44,360 at fiscal year ended March 31, 2008. The increase in liabilities during the nine-month period ended December 31, 2008 from fiscal year ended March 31, 2008 was primarily due to the increase in loans from related party andaccounts payables.2009.


Stockholders’ deficit increased from ($3,357)31,833) for fiscal year ended March 31, 20082009 to ($29,245)36,543) for the nine-monththree-month period ended December 31, 2008.   June 30, 2009.   



15 |Page





Cash Flows from Operating Activities


We have not generated positive cash flows from operating activities. For the nine-monththree-month period ended December 31,June 30, 2009, net cash flows used in operating activities was ($4,523), consisting of a net loss of ($4,710) and accounts payables of $187. For the three-month period ended June 30, 2008, net cash flows used in operating activities was ($23,713)1,653), consisting of a net loss of ($25,888) and accounts payables of $2,175. For the nine-month period ended December 31, 2007, net cash flows used in operating activities was ($14,406), consisting of a net loss of ($17,406) and accounts payables of $3,000.1,653).    


Cash Flows from Financing Activities


We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the nine-monththree-month period ended December 31, 2008,June 30, 2009, net cash flows provided from financing activities was $29,000, consisting of $29,000 loan from related party. For$-0- compared to $-0- for the nine-monththree-month period ended December 31, 2007, net cash flows provided from financing activities was $0.


June 30, 2008.


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.




- 15 -



PLAN OF OPERATION AND FUNDING


Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; and (ii) working capital. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or pr ivileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.


At December 31, 2008,June 30, 2009, our current assets consisted of $14,930$8,004 in cash. With these funds, we will only be able to satisfy our cash requirements for approximately six months, provided we do not organize any major events during that time period. Accordingly and as discussed above, we will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.



16 |Page






MATERIAL COMMITMENTS


As of the date of this Quarterly Report, and other than our obligations to be incurred under the Agreement, we do not have any other material commitments.


PURCHASE OF SIGNIFICANT EQUIPMENT


We do not intend to purchase any significant equipment during the next twelve months.


OFF-BALANCE SHEET ARRANGEMENTS


As of the date of this Quarterly Report, 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 are material to investors.




- 16 -




GOING CONCERN


The independent auditors' report accompanying our March 31, 20082009 and 20072008 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.



ITEM III. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Market risk represents the risk of loss that may impact our financial position, results of operations or cash flows due to adverse change in foreign currency and interest rates. 

Exchange RateNot applicable.

Our reporting currency is United States Dollars (“USD”).  The Russian Ruble has been informally pegged to the USD.  However, Russia is under international pressure to adopt a more flexible exchange rate system. If the Russian Ruble were no longer pegged to the USD, rate fluctuations may have a material impact on our financial reporting and make realistic revenue projections difficult. 

As the Russian Ruble may be our functional currency as it relates to the Agreement, the fluctuation of exchange rates of the Russian Ruble may have positive or negative impacts on our results of operations pertaining to acquisition of flooring. However, since all sales revenue and expenses will be denominated in the USD, the net income effect of appreciation and devaluation of the currency against the US Dollar will be limited to our net operating results.  

Interest Rate

Interest rates in Russia are high and unstable and inflation is not well controlled. Any loans will relate primarily to business operations and will be short-term.  However debt may be likely to rise with in connection with expansion and were interest rates to rise at the same time, this could become a significant impact on our operating and financing activities.

We have not entered into derivative contracts either to hedge existing risks or for speculative purposes.




- 17 -



ITEM IV. CONTROLS AND PROCEDURES


Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.



17 |Page





An evaluation was conducted under the supervision and with the participation of our management, including Mr. Dannikov, our Chief Executive Officer and our Chief Financial Officer of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2008.June 30, 2009. Based on that evaluation, Mr. Dannikov concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the period ended December 31, 2008June 30, 2009 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


We maintain "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer/Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation (the "Evaluation"), under the supervision and with the participation of our Chief Executive Officer/Chief Financial Officer of the effectiveness of the design and operation of our disclosure controls and procedures ("Disclosure Controls") as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. The evaluation of our disclosure controls and procedures included a review of the disclosure controls’ and procedures’ objectives, design, implementation and the effect of the controls and procedures on the information generated for use in this report. In the course of our evaluation, we sought to identify data errors, control problems or acts of fraud and to confirm the appropriate corrective actions, if any, including process improvements, were being undertaken. Our Chief Executive Officer/Chief Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective and were operating at the reasonable assurance level.




- 18 - |Page








PART II. OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.



ITEM 2. CHANGES INUNREGISTERED SALES OF EQUITY  SECURITIES AND USE OF PROCEEDS


FORWARD STOCK SPLITNone.


April 2008 Forward Stock Split


On February 21, 2008, our Board of Directors pursuant to minutes of written consent in lieu of a special meeting authorized and approved the Forward Stock Split. Each of our shareholders holding one share of common stock was entitled to receive an additional four shares of our restricted common stock. The additional shares of our common stock to be issued to the shareholders in accordance with the Forward Stock Split were mailed on approximately April 15, 2008 without any action on the part of the shareholders.


The Forward Stock Split was effectuated based on market conditions and upon a determination by our Board of Directors that the Forward Stock Split was in our best interests and of the shareholders. In our judgment the Forward Stock Split resulted in an increase in our trading float of shares of common stock available for sale resulting in facilitation of investor liquidity and trading volume potential. The intent of the Forward Stock Split was to increase the marketability of our common stock.


The Forward Stock Split was effectuated with a record date of February 21, 2008 upon filing the appropriate documentation with NASDAQ. The Forward Stock Split was implemented taking into account our authorized share capital and number of issued and outstanding shares of common stock as of the Record Date. Total issued and outstanding shares of common stock increased from 5,240,000 shares to 26,200,000 shares. The par value for our shares of common stock remained the same at $0.001.      


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.



ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


No report required.




- 19 -





ITEM 5. OTHER INFORMATION


DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS/ELECTION OF DIRECTORS/ APPOINTMENT OF CERTAIN OFFICERS/COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS  No report required.


Effective June 30, 2008, our Board of Directors accepted the resignation of Alexander Dannikov as our Secretary. Mr. Dannikov remains as our Presidnet/Chief Executive Officer/Chief Financial Officer and a member of our Board of Directors. On the same date, the Board of Directors accepted the consent of Andrey Kryukov to act as our Secretary.


Mr. Kryukov graduated with a Bachelor Degree in Business from Baikal State Economic University in December 1998. Since that time, Mr. Kryukov has been self-employed as sole proprietor and owned several home restoration stores. He also provides consulting service for various companies involved in distribution of home restoration goods.


CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT

We had engaged Moore & Associates, Chartered Accountants and Advisors (“Moore”) as our principal independent registered public accounting firm effective July 25, 2008. Concurrent with this appointment, we accepted the resignation of RBSM, LLP (“RBSM”), effective July 25, 2008. The decision to change our principal independent registered public accounting firm has been approved by our Board of Directors.

The report of RBSM on our financial statements for fiscal year ended March 31, 2008 and the period December 13, 2006 (date of inception) through March 31, 2008 and fiscal year ended March 31, 2007 and the period December 13, 2006 (date of inception) through March 31, 2007 did not contain an adverse opinion or disclaimer of opinion, nor was it modified as to uncertainty, audit scope or accounting principles, other than to state that there is substantial doubt as to our ability to continue as a going concern.  During our two most recent fiscal years and any subsequent interim period through the date of change in accountants, there were no disagreements between us and RBSM, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of RBSM, would have caused RBSM to make reference th ereto in its reports on our audited financial statements. During our two most recent fiscal years and any subsequent interim period through the date of change in accountants, there were no reportable events,

We provided RBSM with a copy of the Current Report on Form 8-K and requested that RBSM furnish us with a letter addressed to the Securities and Exchange Commission stating whether or not RBSM agrees with the statements made in the Current Report on Form 8-K with respect to RBSM and, if not, stating the aspects with which they do not agree.  We received the requested letter from RBSM wherein they have confirmed their agreement to our disclosures in the Current Report with respect to RBSM. A copy of RBSM’s letter was filed as an exhibit to the Current Report filed on August 11, 2008.

In connection with our appointment of Moore as our principal registered accounting firm at this time, we have not consulted Moore on any matter relating to the application of accounting principles to a specific transaction, either completed or contemplated, or the type of audit opinion that might be rendered on our financial statements.




19 |Page

- 20 -








ITEM 6. EXHIBITS

Exhibits:


31.1

Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).


31.2

Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934

             Rule 13a-14(a) or 15d-14(a).


32.1

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-

14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.


32.2

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-

14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.





SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



                                            

BOSCO HOLDINGS, INC.  


Dated: FebruaryAugust 10, 2009

                   

By: /s/ Alexander Dannikov     

                                             

       

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

                                            

       

Alexander Dannikov, President and

        

Chief Executive Officer



Dated: FebruaryAugust 10, 2009

 

By: /s/ Alexander Dannikov   

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

         

Alexander Dannikov, Chief Financial

         

Officer




- 21 -



EXHIBIT INDEX

Exhibits

31.1

Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934

Rule 13a-14(a) or 15d-14(a).

31.2

Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934

Rule 13a-14(a) or 15d-14(a).

32.1

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b)

and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley

Act of 2002.

32.2

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b)

and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley

Act of 2002.














20 |Page

- 22 -