Florida | 4213 | 27-3746561 | ||
(State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification No.) |
Accelerated filer o | Non-accelerated filer o | Smaller reporting company x | ||||
(Do not check if a smaller reporting company) |
Title of Each Class of Securities to be Registered | Amount to be Registered(1)(3) | Proposed Maximum Offering Price per share(2) | Proposed Maximum Aggregate Offering Price(1)(2) | Amount of Registration Fee(4) | Amount to be Registered(1)(3) | Proposed Maximum Offering Price per share(2) | Proposed Maximum Aggregate Offering Price(1)(2) | Amount of Registration Fee(4) | ||||||||||||||||||||||||
Common Stock, par value $.01 per share | 1,100,000 | $ | 0.10 | $ | 110,000 | $ | 12,77 | 1,100,000 | $ | 0.10 | $ | 110,000 | $ | 12,77 | ||||||||||||||||||
Total | 1,100,000 | $ | 0.10 | $ | 110,000 | $ | 12.77 | 1,100,000 | $ | 0.10 | $ | 110,000 | $ | 12.77 |
4 | ||||
6 | ||||
12 | ||||
PROCEEDS | 12 | |||
DETERMINATION OF OFFERING PRICE | 12 | |||
DILUTION | 13 | |||
EQUITY ISSUANCES AND PRICING | 13 | |||
SELLING SECURITY HOLDERS | 13 | |||
PLAN OF DISTRIBUTION | 15 | |||
17 | ||||
DESCRIPTION OF SECURITIES | 17 | |||
DESCRIPTION OF BUSINESS | 15 | |||
F-1 | ||||
· | Selecting and securing our domain address and planning to expand the content of our website; |
· | Locating potential transportation providers to transport cargo for our customers; |
· | Conducting due diligence on transportation by determining whether each provider holds business licenses, liability insurance and whether the transportation provider was cited or otherwise violated Environmental Protection Agency, Department of Commerce, or Department of Transportation regulations (or their state equivalents) or whether any other derogatory public information exists regarding the transportation provider; |
· | Organizing our transportation providers by their available routes, transportation capabilities (i.e. truck types and engine abilities), trailers and cargo size capabilities, equipment characteristics (i.e. refrigerated) and delivery time; |
· | Securing various agreements with companies that: (a) will provide shipping services to our customers; or (b) are in need of our services to arrange transportation services for their cargo; or (c) need our services to locate transportation providers for their customers. |
· | our securities will ever become qualified for quotation on the OTC Bulletin Board ; or |
· | that the selling shareholders will sell their shares; or |
· | that a market for our shares will develop even if our shares are quoted on the OTC Bulletin Board . |
From September 27, 2010 (Inception) to June 30, 2011 | ||||
R Revenue from operations | $ | 28,773 | ||
Total costs and expenses | $ | 53,541 | ||
Net loss for the period | $ | (24,768 | ) | |
Net loss per weighted share, basic and fully diluted | $ | ( 0 | ) | |
Weighted average shares outstanding, basic and fully diluted | $ | 5,476,522 |
From September 27, 2010 (Inception) to March 31, 2011 | ||||
Revenue from operations | $ | 2,730 | ||
Total costs and expenses | $ | 41,900 | ||
Net loss for the period | $ | (39,170 | ) | |
Net loss per weighted share, basic and fully diluted | $ | (0.02 | ) | |
Weighted average shares outstanding, basic and fully diluted | $ | 2,604,783 | ||
As of June 30, 2011 | ||||
Current assets | $ | 31,332 | ||
Working capital | $ | 31,332 | ||
Tot al assets | $ | 31,332 | ||
Total liabilities | $ | 0 | ||
Total stockholders’ equity | $ | 31,332 |
As of March 31, 2011 | ||||
Current assets | $ | 16,930 | ||
Working capital | $ | 16,930 | ||
Total assets | $ | 0 | ||
Total liabilities | $ | 0 | ||
Total stockholders’ equity (deficit) | $ | 16,930 |
· | Increases in the price of gasoline; |
· | Increases in gasoline taxes on gasoline; |
· | Increases in transportation related taxes; |
· | Transportation strikes; |
· | Increases in costs of customers and/or our transportation providers, who would normally use our services, but chose to perform the services we would otherwise provide themselves as cost saving measures; |
· | Transportation strikes; |
· | If federal or state regulators impose regulations that require lower emissions in trucks, the costs associated with the new emission standards for truck operators will materially increase, the increased costs of which we will also assume in our business. |
· | Our Chief Executive Officer, Andriy Korobkin is the spouse of our Chief Financial Officer, Viktoriya Korobkin; and |
· | Our secretary and treasurer, Lidiya Tregub is the mother of Viktoriya Korobkin. |
• | transaction is approved by a majority of disinterested directors before the shareholder becomes an interested shareholder; | |
• | interested shareholder has owned at least 80% of the corporation’s outstanding voting shares for at least five years preceding the announcement date of any such business combination; |
• | interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares of the corporation, exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors; or | |
• | consideration paid to the holders of the corporation’s voting stock is at least equal to certain fair price criteria. |
• | the timing of the development of future services ; | ||
• | projections of revenue, earnings, capital structure and other financial items; |
• | statements of our plans and objectives; | ||
• | statements regarding the capabilities of our business operations; |
• | statements of expected future economic performance; | ||
• | statements regarding competition in our market; and |
Offering Price per Share | $ | 0.10 | * | $ | 0.10 | * | ||
Share Price of 8,000,000 shares paid by co-founders, Andriy and Victoriya Korobkina | $ | 0.001 | ** | $ | 0.001 | ** | ||
Tangible Book Value Per Share as of March 31, 2011 | $ | 0.00 | ||||||
Tangible Book Value Per Share as of June 30, 2011 | $ | 0.00 | ||||||
Shareholder Name (first, middle, last) | Total Shares Owned | Issue Date | Shares Registered | Remaining Shares If Sold | % Before Offering | % After Offering* | ||||||||||||
Michael Richard Kolyvayko1 | 20,000 | 10.02.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Larisa Kolyvayko2 | 20,000 | 10.03.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Ararat Martirosov | 20,000 | 10.04.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Irina Edwards | 20,000 | 10.03.2011 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Dmitriy M Kolyvayko3 | 20,000 | 10.03.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yekaterina V Kolyvayko4 | 20,000 | 10.04.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Lidiya Tregub5 | 20,000 | 10.02.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Antonina Kolchanova | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Bulat Kazhakmetov | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Dmitriy Guziy6 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Andrii Guziy7 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Evgeniya Kolchanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Grigoriy Dashko 8 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Valentina Dashko9 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Elena Zhukovskaya10 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Gulmira Abdrakhmanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Igor Kolchanov11 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Irina Oleynik12 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Ivan Turov | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Lyudmila Korobkina13 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Maksim Zhukovskiy14 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Nataliya Kolchanova15 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Nurpanu Kanapiyanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Oksana Davrysh16 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olena Bezmenova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Aleksandr Kerosir17 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olena Povalyayeva18 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olga Meleshko | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Roman Oleynik19 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Sergey Povalyaev20 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Sergey Timofeyev | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Silva Kin21 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Timofey Davrysh22 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Vyacheslav Kin23 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yelena Bychuk | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Valentina Popova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Maryna Mitseltina | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Aleksandr Vishnevskiy | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Tatyna Kerosir24 | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yuliya Kin | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Viktoriya G Massiello | 200,000 | 03.02.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Nataliya P Deuchars | 200,000 | 03.03.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Tamara Baker | 200,000 | 03.03.2011 | 10,000 | 100,000 | <1% | <1% | ||||||||||||
Nataliya Mazzone | 100,000 | 03.04.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Konstyntyn Shevchenko | 200,000 | 03.03.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Leonid Gralnic | 200,000 | 03.05.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Oleksiy Kolyvayko | 100,000 | 03.04.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Galina Shekhtman25 | 100,000 | 03.06.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Vladimir Shekhtman26 | 100,000 | 03.06.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
All shareholders : | 2,200,000 | 1,100,000 | 1,100,000 |
Shareholder Name (first, middle, last) | Total Shares Owned | Issue Date | Shares Registered | Remaining Shares If Sold | % Before Offering | % After Offering* | ||||||||||||
Michael Richard Kolyvayko1 | 20,000 | 10.02.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Larisa Kolyvayko2 | 20,000 | 10.03.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Ararat Martirosov | 20,000 | 10.04.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Irina Edwards | 20,000 | 10.03.2011 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Dmitriy M Kolyvayko3 | 20,000 | 10.03.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yekaterina V Kolyvayko4 | 20,000 | 10.04.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Lidiya Tregub5 | 20,000 | 10.02.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Antonina Kolchanova | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Bulat Kazhakmetov | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Dmitriy Guziy6 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Andrii Guziy7 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Evgeniya Kolchanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% |
Grigoriy Dashko 8 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Valentina Dashko9 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Elena Zhukovskaya10 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Gulmira Abdrakhmanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Igor Kolchanov11 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Irina Oleynik12 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Ivan Turov | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Lyudmila Korobkina13 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Maksim Zhukovskiy14 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Nataliya Kolchanova15 | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Nurpanu Kanapiyanova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Oksana Davrysh16 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olena Bezmenova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Aleksandr Kerosir17 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olena Povalyayeva18 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Olga Meleshko | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Roman Oleynik19 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Sergey Povalyaev20 | 20,000 | 10.10.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Sergey Timofeyev | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Silva Kin21 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Timofey Davrysh22 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Vyacheslav Kin23 | 20,000 | 10.06.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yelena Bychuk | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Valentina Popova | 20,000 | 10.08.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Maryna Mitseltina | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Aleksandr Vishnevskiy | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Tatyna Kerosir | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Yuliya Kin | 20,000 | 10.12.2010 | 10,000 | 10,000 | <1% | <1% | ||||||||||||
Viktoriya G Massiello | 200,000 | 03.02.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Nataliya P Deuchars | 200,000 | 03.03.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Tamara Baker | 200,000 | 03.03.2011 | 10,000 | 100,000 | <1% | <1% | ||||||||||||
Nataliya Mazzone | 100,000 | 03.04.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Konstyntyn Shevchenko | 200,000 | 03.03.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Leonid Gralnic | 200,000 | 03.05.2011 | 100,000 | 100,000 | <1% | <1% | ||||||||||||
Oleksiy Kolyvayko | 100,000 | 03.04.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Galina Shekhtman25 | 100,000 | 03.06.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
Vladimir Shekhtman26 | 100,000 | 03.06.2011 | 50,000 | 50,000 | <1% | <1% | ||||||||||||
All shareholders : | 2,200,000 | 1,100,000 | 1,100,000 |
• | the transaction is approved by a majority of disinterested directors before the shareholder becomes an interested shareholder; | |
• | the interested shareholder has owned at least 80% of the corporation’s outstanding voting shares for at least five years preceding the announcement date of any such business combination; |
• | the interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares of the corporation, exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors; or | |
• | the consideration paid to the holders of the corporation’s voting stock is at least equal to certain fair price criteria. |
· | developed our business plan; |
· | selected our domain name and secured our domain address; and |
· | wrote the original content for our website. |
· | located potential transportation providers to transport cargo for our customers; |
· | determined which of those transportation providers would provide services to our customers on a non-exclusive basis as needed or on a shipment by shipment basis; |
· | conducted due diligence procedures by determining whether the transportation providers had business licenses and insurance and conducted online searches on public databases to determine if there was any derogatory public information available about the transportation providers; and |
· | created categories and subcategories to organize the transportation provider by routes covered and transportation capabilities such as truck types and engine abilities, trailers and cargo size accepted, equipment characteristics (i.e. refrigerated) and delivery time. |
· | On March 1, 2011, we entered into an agreement with Landtrop Express to provide shipping services to our customers |
· | On March 15, 2011, we entered into an agreement with Argo Transportation to locate transportation providers for their customers. |
· | On March 15, 2011, we entered into an agreement with Safe Cargo to provide shipping services to their customers. |
· | On May 20, 2011 we entered into an agreement with Pacific West Trading to locate transporters for their cargo. |
· | On June 1, 2011 an agreement with Arcadia International to locate and arrange transportation services for their cargo. |
· | On June 4, 2011 we entered into an agreement with Svitco Enterprise, to locate transportation providers for their cargo. |
· | Truckload. We offer truckload services including dry vans, temperature-controlled units and flatbeds. |
· | Less than Truckload. We offer shipment services for the shipment of single or multiple pallets of freight. |
· | Logistics Services. In addition to arranging for transportation, we review the transportation provider’s charges and payment to transportation carrier. We do not charge fees for our logistic services and provide these services as part of our customer service to our customers. |
Rates | ||||||
Fuel Price | Fuel Price | Rate per Mile | Fuel Price | Fuel Price | Rate per Mile | |
$ 1.250 | $ 1.299 | $1.26 | $ 3.150 | $ 3.199 | $1.64 | |
$ 1.300 | $ 1.349 | $1.27 | $ 3.200 | $ 3.249 | $1.65 | |
$ 1.350 | $ 1.399 | $1.28 | $ 3.250 | $ 3.299 | $1.66 | |
$ 1.400 | $ 1.449 | $1.29 | $ 3.300 | $ 3.349 | $1.67 | |
$ 1.450 | $ 1.499 | $1.30 | $ 3.350 | $ 3.399 | $1.68 | |
$ 1.500 | $ 1.549 | $1.31 | $ 3.400 | $ 3.449 | $1.69 | |
$ 1.550 | $ 1.599 | $1.32 | $ 3.450 | $ 3.499 | $1.70 | |
$ 1.600 | $ 1.649 | $1.33 | $ 3.500 | $ 3.549 | $1.71 | |
$ 1.650 | $ 1.699 | $1.34 | $ 3.550 | $ 3.599 | $1.72 | |
$ 1.700 | $ 1.749 | $1.35 | $ 3.600 | $ 3.649 | $1.73 | |
$ 1.750 | $ 1.799 | $1.36 | $ 3.650 | $ 3.699 | $1.74 | |
$ 1.800 | $ 1.849 | $1.37 | $ 3.700 | $ 3.749 | $1.75 | |
$ 1.850 | $ 1.899 | $1.38 | $ 3.750 | $ 3.799 | $1.76 | |
$ 1.900 | $ 1.949 | $1.39 | $ 3.800 | $ 3.849 | $1.77 | |
$ 1.950 | $ 1.999 | $1.40 | $ 3.850 | $ 3.899 | $1.78 | |
$ 2.000 | $ 2.049 | $1.41 | $ 3.900 | $ 3.949 | $1.79 | |
$ 2.050 | $ 2.099 | $1.42 | $ 3.950 | $ 3.999 | $1.80 | |
$ 2.100 | $ 2.149 | $1.43 | $ 4.000 | $ 4.049 | $1.81 | |
$ 2.150 | $ 2.199 | $1.44 | $ 4.050 | $ 4.099 | $1.82 | |
$ 2.200 | $ 2.249 | $1.45 | $ 4.100 | $ 4.149 | $1.83 | |
$ 2.250 | $ 2.299 | $1.46 | $ 4.150 | $ 4.199 | $1.84 | |
$ 2.300 | $ 2.349 | $1.47 | $ 4.200 | $ 4.249 | $1.85 | |
$ 2.350 | $ 2.399 | $1.48 | $ 4.250 | $ 4.299 | $1.86 | |
$ 2.400 | $ 2.449 | $1.49 | $ 4.300 | $ 4.349 | $1.87 | |
$ 2.450 | $ 2.499 | $1.50 | $ 4.350 | $ 4.399 | $1.88 | |
$ 2.500 | $ 2.549 | $1.51 | $ 4.400 | $ 4.449 | $1.89 | |
$ 2.550 | $ 2.599 | $1.52 | $ 4.450 | $ 4.499 | $1.90 | |
$ 2.600 | $ 2.649 | $1.53 | $ 4.500 | $ 4.549 | $1.91 | |
$ 2.650 | $ 2.699 | $1.54 | $ 4.550 | $ 4.599 | $1.92 | |
$ 2.700 | $ 2.749 | $1.55 | $ 4.600 | $ 4.649 | $1.93 | |
$ 2.750 | $ 2.799 | $1.56 | $ 4.650 | $ 4.699 | $1.94 | |
$ 2.800 | $ 2.849 | $1.57 | $ 4.700 | $ 4.749 | $1.95 | |
$ 2.850 | $ 2.899 | $1.58 | $ 4.750 | $ 4.799 | $1.96 | |
$ 2.900 | $ 2.949 | $1.59 | $ 4.800 | $ 4.849 | $1.97 | |
$ 2.950 | $ 2.999 | $1.60 | $ 4.850 | $ 4.899 | $1.98 | |
$ 3.000 | $ 3.049 | $1.61 | $ 4.900 | $ 4.949 | $1.99 | |
$ 3.050 | $ 3.099 | $1.62 | $ 4.950 | $ 4.999 | $2.00 | |
$ 3.100 | $ 3.149 | $1.63 | $ 5.000 | $ 5.049 | $2.01 |
Rates | ||||||
Fuel Price | Fuel Price | Rate per Mile | Fuel Price | Fuel Price | Rate per Mile | |
$ 1.250 | $ 1.299 | $1.26 | $ 3.150 | $ 3.199 | $1.64 | |
$ 1.300 | $ 1.349 | $1.27 | $ 3.200 | $ 3.249 | $1.65 | |
$ 1.350 | $ 1.399 | $1.28 | $ 3.250 | $ 3.299 | $1.66 | |
$ 1.400 | $ 1.449 | $1.29 | $ 3.300 | $ 3.349 | $1.67 | |
$ 1.450 | $ 1.499 | $1.30 | $ 3.350 | $ 3.399 | $1.68 | |
$ 1.500 | $ 1.549 | $1.31 | $ 3.400 | $ 3.449 | $1.69 | |
$ 1.550 | $ 1.599 | $1.32 | $ 3.450 | $ 3.499 | $1.70 | |
$ 1.600 | $ 1.649 | $1.33 | $ 3.500 | $ 3.549 | $1.71 | |
$ 1.650 | $ 1.699 | $1.34 | $ 3.550 | $ 3.599 | $1.72 | |
$ 1.700 | $ 1.749 | $1.35 | $ 3.600 | $ 3.649 | $1.73 | |
$ 1.750 | $ 1.799 | $1.36 | $ 3.650 | $ 3.699 | $1.74 | |
$ 1.800 | $ 1.849 | $1.37 | $ 3.700 | $ 3.749 | $1.75 | |
$ 1.850 | $ 1.899 | $1.38 | $ 3.750 | $ 3.799 | $1.76 | |
$ 1.900 | $ 1.949 | $1.39 | $ 3.800 | $ 3.849 | $1.77 | |
$ 1.950 | $ 1.999 | $1.40 | $ 3.850 | $ 3.899 | $1.78 | |
$ 2.000 | $ 2.049 | $1.41 | $ 3.900 | $ 3.949 | $1.79 | |
$ 2.050 | $ 2.099 | $1.42 | $ 3.950 | $ 3.999 | $1.80 | |
$ 2.100 | $ 2.149 | $1.43 | $ 4.000 | $ 4.049 | $1.81 | |
$ 2.150 | $ 2.199 | $1.44 | $ 4.050 | $ 4.099 | $1.82 | |
$ 2.200 | $ 2.249 | $1.45 | $ 4.100 | $ 4.149 | $1.83 | |
$ 2.250 | $ 2.299 | $1.46 | $ 4.150 | $ 4.199 | $1.84 | |
$ 2.300 | $ 2.349 | $1.47 | $ 4.200 | $ 4.249 | $1.85 | |
$ 2.350 | $ 2.399 | $1.48 | $ 4.250 | $ 4.299 | $1.86 | |
$ 2.400 | $ 2.449 | $1.49 | $ 4.300 | $ 4.349 | $1.87 | |
$ 2.450 | $ 2.499 | $1.50 | $ 4.350 | $ 4.399 | $1.88 | |
$ 2.500 | $ 2.549 | $1.51 | $ 4.400 | $ 4.449 | $1.89 | |
$ 2.550 | $ 2.599 | $1.52 | $ 4.450 | $ 4.499 | $1.90 | |
$ 2.600 | $ 2.649 | $1.53 | $ 4.500 | $ 4.549 | $1.91 | |
$ 2.650 | $ 2.699 | $1.54 | $ 4.550 | $ 4.599 | $1.92 | |
$ 2.700 | $ 2.749 | $1.55 | $ 4.600 | $ 4.649 | $1.93 | |
$ 2.750 | $ 2.799 | $1.56 | $ 4.650 | $ 4.699 | $1.94 | |
$ 2.800 | $ 2.849 | $1.57 | $ 4.700 | $ 4.749 | $1.95 | |
$ 2.850 | $ 2.899 | $1.58 | $ 4.750 | $ 4.799 | $1.96 | |
$ 2.900 | $ 2.949 | $1.59 | $ 4.800 | $ 4.849 | $1.97 | |
$ 2.950 | $ 2.999 | $1.60 | $ 4.850 | $ 4.899 | $1.98 | |
$ 3.000 | $ 3.049 | $1.61 | $ 4.900 | $ 4.949 | $1.99 | |
$ 3.050 | $ 3.099 | $1.62 | $ 4.950 | $ 4.999 | $2.00 | |
$ 3.100 | $ 3.149 | $1.63 | $ 5.000 | $ 5.049 | $2.01 |
· | Continue to identify transportation providers to provide services to our customers and complete agreements with those transportation |
· | Redesign our website to include updated content and more specific information about the services we offer, shipping options such as size, refrigeration, delivery time, price information, packing information, why our third party transportation providers are reliable, how we select the transportation providers we use, third party insurance information, geographic coverage, dangerous goods shipping requirements and other regulations related to shipment of cargo. We are also plan to add a feature that allows a customer to submit a quote request by filling out a questionnaire online. After the quote request is received we will provide a quote and invoice which the customer will be able to pay by credit card online. We expect our website to be operational by July 30, 2011. |
· | Develop a print mailer campaign to send to wholesalers and retailers who ship merchandise across the United States; |
· | Locate retailers for mail campaign by internet searches for furniture stores and other retailers with large or bulk merchandise; |
· | Develop an Internet advertising campaign; |
· | Develop print advertisements for trade journals, yellow pages, trucking magazines and other print publications; and |
· | Develop print and internet advertisements targeting certain groups who require cargo services such as college students who ship cargo at the beginning and end of school year terms. |
· | Develop incentive programs for our customers such as coupons for percentages off future cargo shipments; |
· | Attend trade shows to develop customer and transportation provider leads and enhance our brand name recognition; |
· | Develop a mailer for 2011 holiday shipments; |
· | Develop an incentive program for freight brokers who provide us with favorable terms; |
· | Develop an incentive plan for freight brokers offering a higher percentage commission if they provide us with more permanent cargos; |
· | Continue to increase the transportation providers who provide services to us so we can assure we obtain the best rates; and |
· | Pay a third party or Google® to obtain a first page presence on Google with key words. |
Name | Age | Positions Held Since September 27, 2010 | ||
Andriy Korobkin | 40 | Chief Executive Officer & Director | ||
Viktoriya Korobkin | 39 | Chief Financial Officer & Director | ||
Lidiya Tregub | 60 | Secretary, Treasurer & Director | ||
· | Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; | |
· | Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); |
· | Being subject to 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 their involvement in any type of business, securities or banking activities; | |
· | Being 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; |
· | Having any government agency, administrative agency, or administrative court impose an administrative finding, order, decree, or sanction against them as a result of their involvement in any type of business, securities, or banking activity; | |
· | Being the subject of a pending administrative proceeding related to their involvement in any type of business, securities, or banking activity; and |
· | Having any administrative proceeding threatened against them related to their involvement in any type of business, securities, or banking activity. |
• | the corporation could financially undertake the opportunity; | ||
• | the opportunity is within the corporation’s line of business; and |
Title of class | Co-Founders: | Amount Beneficial Ownership | Direct Ownership | Indirect Ownership | Percent of class | Co-Founders: | Amount Beneficial Ownership | Direct Ownership | Indirect Ownership | Percent of class | ||||||||||||||||||||||||
COMMON | Andriy Korobkin (2) Chief Executive Officer, Director, & Founder | 8,000,000 | 4,000,000 | (2) | 4,000,000 | (2) | 71 | % | Andriy Korobkin (2) Chief Executive Officer, Director, & Founder | 8,000,000 | 4,000,000 | (2) | 4,000,000 | (2) | 71 | % | ||||||||||||||||||
COMMON | Viktoriya Korobkin (2) (3) Chief Financial Officer, Director & Founder | 8,000,000 | 4,000,000 | (2) | 4,000,000 | (2) | 71 | % | Viktoriya Korobkin (2) (3) Chief Financial Officer, Director & Founder | 8,000,000 | 4,000,000 | (2) | 4,000,000 | (2) | 71 | % | ||||||||||||||||||
COMMON | Lidiya Tregub (3) Secretary, Treasurer, Director & Founder | 20,000 | 20,000 | 0 | <1 | % | Lidiya Tregub (3) Secretary, Treasurer, Director & Founder | 20,000 | 20,000 | 0 | <1 | % | ||||||||||||||||||||||
8,020,000 | 71 | % | ||||||||||||||||||||||||||||||||
TOTAL | 8,020,000 | 8,020, | 000 | 8,000,000 | 71 | % |
(1) | This table is based upon information derived from our stock records. Applicable percentages are based upon 11,220,000 shares of common stock outstanding as of the date of this Prospectus. |
(2) | Andriy and Viktoriya Korobkin each own 4,000,000 shares of our common stock and are husband and wife; cumulatively, they both own 8,000,000 shares as joint tenants in common. |
(3) | Lidiya Tregub is the mother of Viktoriya Korobkin. |
Name | Title | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | Non-Qualified Deferred Compensation | All Other Compensation | Total | Title | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | Non-Qualified Deferred Compensation | All Other Compensation | Total | ||||||||||||||
Andriy (1) Korobkin | Chief Executive Officer and Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | $ | 15,400 | 0 | Chief Executive Officer and Director | 2010 | 0 | 0 | 0 | 15,400 | 0 | ||||||||||||||||
Viktoriya (1)Korobkin | Chief Financial Officer and Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | $ | 15,400 | 0 | Chief Financial Officer and Director | 2010 | 0 | 0 | 0 | 15,400 | 0 | ||||||||||||||||
Lidiya (2) Tregub | Secretary, Treasurer, and Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Secretary, Treasurer, and Director | 2010 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
TOTAL | 0 | 0 | 0 | 15,400 | 0 |
(1) | On September 27, 2010, we issued 4,000,000 shares of our common stock to Andriy Korobkin and 4,000,000 shares to Viktoriya Korobkin in exchange for payment in the amount of $4,600 each or an aggregate of $9,200. The difference between the fair value of the shares purchased ($0.005 per share) and the amount paid for the shares ($0.00115 per share) have been recorded as compensation expense in the amount of $15,400 each. |
(2) | On October 2, 2010, we issued 20,000 shares of our common stock to Lidiya Tregub in exchange for a payment in the amount of $100 or an aggregate of $100. |
Name | Year ended | Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Non-equity incentive plan compensation ($) | Nonqualified deferred compensation earnings ($) | All other compensation ($) | Total ($) | Year ended | Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Non-equity incentive plan compensation ($) | Nonqualified deferred compensation earnings ($) | All other compensation ($) | Total ($) | |||||||||||||||||||||||||||||||||||||||||||
Andriy Korobkin Chief Executive Officer, Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
Viktoriya Korobkin Chief Financial Officer, Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
Lidiya Tregub Secretary, Treasurer, Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ITEM | AMOUNT | |||
SEC Registration Fee | $ | 12.77 | ||
Legal Fees and Expenses | $ | 15,000 | ||
Accounting Fees and Expenses* | $ | 5,000 | ||
Miscellaneous* | $ | 1,000 | ||
Total* | $ | 21,012.77 |
• | We are not and were not a blank check company at the time of the offer or sale; | ||
• | The investors had business experience and were accredited investors as defined by Rule 501 of Regulation D of the Act; |
• | All offers and sales of the investment were made privately and no party engaged in any general solicitation or advertising of the proposed investment; | ||
• | Each investor had a preexisting social, personal or business relationship with us and members of our management; |
• | The investors were provided with all information sufficient to allow them to make an informed investment decision; | ||
• | The investors had the opportunity to inspect our books and records and to verify statements made to induce them to invest; |
• | The securities representing the investment are to be issued with a restrictive legend indicating the securities represented by the certificate have not been registered; and | ||
• | No party received any transaction-based compensation such as commissions in regard to locating any investor for the venture. |
Exhibit Number | Description | |
Articles of | ||
3.2 | ||
5.1 | Legal Opinion of Hamilton & Associates Law Group, P.A. | |
10.1 | Form of Subscription Agreement ** | |
10.2 | Agreement with Landtrop | |
10.3 | Agreement with Argo Transportation* | |
10.4 | Agreement with Pacific West | |
10.5 | Agreement with Safe Cargo* | |
10.6 | Shipper Agreement* | |
10.7 | Transportation Provider-Carrier Agreement* | |
10.8 | Agreement with Svitco Enterprise ** | |
10.9 | Agreement with Arcadia International ** | |
23.1 | Consent of Daszkal Bolton, LLP | |
23.2 | Consent of Hamilton & Associates Law Group, P A (included in Exhibit 5.1) |
1. | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
i. | To include any Prospectus required by section 10(a)(3) of the Securities Act of 1933; |
ii. | To reflect in the Prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement. |
iii. | To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; |
2. | That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
3. | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
4. | That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: |
i. | Any Preliminary Prospectus or Prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; |
ii. | Any free writing Prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; |
iii. | The portion of any other free writing Prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and |
iv. | Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser. |
5. | That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser: Each Prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than Prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or Prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or Prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or Prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. |
Development Capital Group, Inc. | |||
By: | /s/ Andriy Korobin | ||
Andriy Korobin | |||
Chief Executive Officer & Director | |||
Signature | Title | Date | ||
/s/ Andriy Korobin | ||||
Andriy Korobkin | ||||
/s/ Viktoriya Korobkin | Principal | |||
Viktoriya Korobkin | ||||
/s/Lidiya Tregub | Secretary, Treasurer & Director | |||
Lidiya Tregub | ||||
Condensed Financial Statements (unaudited): | |
Condensed Balance Sheets at March 31, 2011 and June 30, 2011 (unaudited) | F-2 |
Condensed Statements of Operations for the Three Months ended June 30, 2011 and for the Period from September 27, 2010 (Inception) to June 30, 2011 (unaudited) | F-3 |
Condensed Statements of Stockholders’ Equity from September 27, 2010 (Inception) to June 30, 2011 (unaudited) | F-4 |
Condensed Statements of Cash Flows for the Three Months ended June 30, 2011 and for the Period from September 27, 2010 (Inception) to June 30, 2011 (unaudited) | F-5 |
Notes to Condensed Financial Statements | F-6 - F-7 |
Audited Financial Statements: | F-8 |
Report of Independent Registers Public Accounting Firm | F-8 |
Balance Sheet (Restated) at March 31, 2011 | F-9 |
Statement of Operations (Restated) for the period from September 27, 2010 (Inception) to March 31, 2011 | F-10 |
Statement of Stockholders' Equity (Restated) from September 27, 2010 (Inception) to March 31, 2011 | F-11 |
Statement of Cash Flows (Restated) from September 27, 2010 (Inception) to March 31, 2011 | F-12 |
Notes to Financial Statements | F-13 - F-14 |
DEVELOPMENT CAPITAL GROUP, INC. (A DEVELOPMENT STAGE COMPANY) | ||||||||
CONDENSED BALANCE SHEETS | ||||||||
AT MARCH 31, 2011 AND JUNE 30, 2011 | ||||||||
ASSETS | ||||||||
March 31, 2011 | June 30, 2011 | |||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 16,930 | $ | 22,132 | ||||
Deposits | - | 9,200 | ||||||
Total assets | $ | 16,930 | $ | 31,332 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Commitments and contingencies | ||||||||
Stockholders' equity: | ||||||||
Common stock, $0.001 par value; 490,000,000 shares | ||||||||
authorized; 11,220,000 shares issued and outstanding | $ | 11,220 | $ | 11,220 | ||||
Additional paid in capital | 44,880 | 44,880 | ||||||
Deficit accumulated during the development stage | (39,170 | ) | (24,768 | ) | ||||
Total stockholders' equity | 16,930 | 31,332 | ||||||
Total liabilities and stockholders' equity | $ | 16,930 | $ | 31,332 |
DEVELOPMENT CAPITAL GROUP, INC. (A DEVELOPMENT STAGE COMPANY) | ||||||||
CONDENSED STATEMENTS OF OPERATIONS | ||||||||
FOR THE THREE MONTHS ENDED JUNE 30, 2011 | ||||||||
AND FOR THE PERIOD FROM SEPTEMBER 27, 2010 (INCEPTION) TO JUNE 30, 2011 | ||||||||
Three Months Ended June 30, 2011 | Period from September 27, 2010 (Inception) to June 30, 2011 | |||||||
Commissions revenue | $ | 26,043 | $ | 28,773 | ||||
Operating expenses: | ||||||||
Compensation expense | - | 30,800 | ||||||
Professional fees | 8,250 | 19,350 | ||||||
General and administrative | 3,391 | 3,391 | ||||||
Total operating expenses | 11,641 | 53,541 | ||||||
Net income (loss) from operations before income taxes | 14,402 | (24,768 | ) | |||||
Income tax | - | - | ||||||
Net income (loss) | $ | 14,402 | $ | (24,768 | ) | |||
Loss per common share | $ | 0.00 | $ | (0.00 | ) | |||
Weights average of shares outstanding | 11,220,000 | 5,476,522 |
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY | ||||||||||||||||||||
FROM SEPTEMBER 27, 2010 (INCEPTION) TO JUNE 30, 2011 | ||||||||||||||||||||
Deficit Accumulated During the Development Stage | ||||||||||||||||||||
Additional Paid in Capital | Total | |||||||||||||||||||
Common Stock | Stockholders' | |||||||||||||||||||
Shares | Amount | Equity | ||||||||||||||||||
Balance, September 27, 2010 (Inception) | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
Sale of common stock | 10,200,000 | 10,200 | 10,000 | - | 20,200 | |||||||||||||||
Share-based compensation | - | - | 30,800 | - | 30,800 | |||||||||||||||
Issuance of common stock for services | 1,020,000 | 1,020 | 4,080 | - | 5,100 | |||||||||||||||
Net loss | - | - | - | (39,170 | ) | (39,170 | ) | |||||||||||||
Balance, March 31, 2011 | 11,220,000 | 11,220 | 44,880 | (39,170 | ) | 16,930 | ||||||||||||||
Net income | - | - | - | 14,402 | 14,402 | |||||||||||||||
Balance, June 30, 2011 | $ | 11,220,000 | $ | 11,220 | $ | 44,880 | $ | (24,768 | ) | $ | 31,332 | |||||||||
DEVELOPMENT CAPITAL GROUP, INC. (A DEVELOPMENT STAGE COMPANY) | ||||||||
CONDENSED STATEMENTS OF CASH FLOWS | ||||||||
FOR THE THREE MONTHS ENDED JUNE 30, 2011 | ||||||||
AND FOR THE PERIOD FROM SEPTEMBER 27, 2010 (INCEPTION) TO JUNE 30, 2011 | ||||||||
Period from September 27, 2010 (Inception) to June 30, 2011 | ||||||||
Three Months Ended June 30, 2011 | ||||||||
Cash flows from operating activities: | ||||||||
Net income (loss) | $ | 14,402 | $ | (24,768 | ) | |||
Adjustments to reconcile net income (loss) to | ||||||||
net cash provided by (used in) operating activities | ||||||||
Issuance of stock for services | - | 5,100 | ||||||
Share-based compensation | - | 30,800 | ||||||
Increase in deposits | (9,200 | ) | (9,200 | ) | ||||
Net cash provided by operating activities | 5,202 | 1,932 | ||||||
Cash flows from investing activities: | - | - | ||||||
Cash flows from financing activities: | ||||||||
Proceeds from sale of common stock | - | 20,200 | ||||||
Net cash provided by financing activities | - | 20,200 | ||||||
Net increase in cash and cash equivalents | 5,202 | 22,132 | ||||||
Cash and cash equivalents, beginning of period | 16,930 | - | ||||||
Cash and cash equivalents, end of period | $ | 22,132 | $ | 22,132 | ||||
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | $ | - | $ | - | ||||
Cash paid for taxes | $ | - | $ | - |
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 16,930 | ||
Total assets | $ | 16,930 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Commitments and contingencies | ||||
Stockholders' equity: | ||||
Common stock, $0.001 par value; 490,000,000 shares authorized; 11,220,000 shares issued and outstanding | $ | 11,220 | ||
Additional paid in capital | 44,880 | |||
Deficit accumulated during the development stage | (39,170 | ) | ||
Total stockholders' equity | 16,930 | |||
Total liabilities and stockholders' equity | $ | 16,930 |
Period from September 27, 2010 (Inception) to March 31, 2011 | ||||
Commissions revenue | $ | 2,730 | ||
Operating expenses: | ||||
Compensation expense | 30,800 | |||
Professional fees | 11,100 | |||
Total operating expenses | 41,900 | |||
Net loss from operations | (39,170 | ) | ||
Net Loss | $ | (39,170 | ) | |
Loss per common share | $ | (0.02 | ) | |
Weights average of shares outstanding | 2,604,783 |
Deficit Accumulated | ||||||||||||||||||||
Additional | During the | Total | ||||||||||||||||||
Common Stock | Paid in | Development | Stockholders' | |||||||||||||||||
Shares | Amount | Capital | Stage | Equity | ||||||||||||||||
Balance, September 27, 2010 (Inception) | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
Sale of common stock for cash | 10,200,000 | 10,200 | 10,000 | - | 20,200 | |||||||||||||||
Share-based compensation | - | - | 30,800 | - | 30,800 | |||||||||||||||
Issuance of common stock for services | 1,020,000 | 1,020 | 4,080 | - | 5,100 | |||||||||||||||
Net loss | - | - | - | (39,170 | ) | (39,170 | ) | |||||||||||||
Balance, March 31, 2011 | 11,220,000 | $ | 11,220 | $ | 44,880 | $ | (39,170 | ) | $ | 16,930 |
Period from September 27, 2010 (Inception) to March 31, 2011 | ||||
Cash flows from operating activities: | ||||
Net loss | $ | (39,170 | ) | |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||
Issuance of stock for services | 5,100 | |||
Share-based compensation | 30,800 | |||
Net cash used in operating activities | (3,270 | ) | ||
Cash flows from investing activities: | - | |||
Cash flows from financing activities: | ||||
Proceeds from sale of common stock | 20,200 | |||
Net cash provided by financing activities | 20,200 | |||
Net increase in cash and cash equivalents | 16,930 | |||
Cash and cash equivalents, beginning of period | $ | - | ||
Cash and cash equivalents, end of period | $ | 16,930 | ||
Supplemental disclosure of cash flow information: | ||||
Cash paid for interest | $ | - | ||
Cash paid for taxes | $ | - |
Deficit Accumulated | ||||||||||||||||||||
Additional | During the | Total | ||||||||||||||||||
Common Stock | Paid in | Development | Stockholders' | |||||||||||||||||
Shares | Amount | Capital | Stage | Equity | ||||||||||||||||
Balance, September 27, 2010 (Inception) | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
Sale of common stock for cash | 10,200,000 | 10,200 | 10,000 | - | 20,200 | |||||||||||||||
Share-based compensation | - | - | 30,800 | - | 30,800 | |||||||||||||||
Issuance of common stock for services | 1,020,000 | 1,020 | 4,080 | - | 5,100 | |||||||||||||||
Net loss | - | - | - | (39,170 | ) | (39,170 | ) | |||||||||||||
Balance, March 31, 2011 | 11,220,000 | $ | 11,220 | $ | 44,880 | $ | (39,170 | ) | $ | 16,930 |
Period from September 27, 2010 (Inception) to March 31, 2011 | ||||
Cash flows from operating activities: | ||||
Net loss | $ | (39,170 | ) | |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||
Issuance of stock for services | 5,100 | |||
Share-based compensation | 30,800 | |||
Net cash used in operating activities | (3,270 | ) | ||
Cash flows from investing activities: | - | |||
Cash flows from financing activities: | ||||
Proceeds from sale of common stock | 20,200 | |||
Net cash provided by financing activities | 20,200 | |||
Net increase in cash and cash equivalents | 16,930 | |||
Cash and cash equivalents, beginning of period | $ | - | ||
Cash and cash equivalents, end of period | $ | 16,930 | ||
Supplemental disclosure of cash flow information: | ||||
Cash paid for interest | $ | - | ||
Cash paid for taxes | $ | - | ||