Nevada
|
3990
|
26-0680840
|
(State
or other jurisdiction of incorporation or organization
|
(Primary
Standard Industrial Classification Code Number)
|
(I.R.S.
Employer Identification Number)
|
QE
Brushes, Inc.
12901
South Buttercup Lane
Spokane,
WA 99224
|
The
Nevada Agency and Trust Company
50
West Liberty Street, Suite 880
Reno, Nevada 89501 (775)
322-0626
|
|
(Name
and address of principal executive offices)
|
(Name
and address of agent for
service)
|
Approximate
date of commencement of proposed sale to the public:
|
As soon as practicable after
the effective date of this Registration
Statement.
|
TITLE OF
EACH
CLASS
OF
SECURITIES
TO
BE
REGISTERED
|
AMOUNT TO
BE
REGISTERED
|
PROPOSED
MAXIMUM
OFFERING
PRICE
PER
SHARE
|
PROPOSED
MAXIMUM
AGGREGATE
OFFERING
PRICE
(1)
|
AMOUNT
OF
REGISTRATION
FEE
|
Common Stock | 475,000 | $0.20(1) | 95,000 | $5.30(2) |
(1)
|
This
price was arbitrarily determined by QE Brushes,
Inc.
|
(2)
|
Estimated
solely for the purpose of calculating the registration fee in accordance
with Rule 457(a) under the Securities
Act.
|
Offering Price
|
Underwriting
Discounts and
Commissions
|
Proceeds
to Selling
Shareholders
|
|
Per
Share
|
$0.20
|
None
|
$0.20
|
Total
|
$95,000
|
None
|
$95,000
|
Securities
Being Offered
|
Up
to 475,000 shares of our common stock.
|
Offering
Price and Alternative Plan of Distribution
|
The
offering price of the common stock is $0.20 per share. We
intend to request that a market marker submit an application to FINRA to
quote our common stock on the OTC Bulletin Board to allow the
trading of our common stock upon our becoming a reporting entity under the
Securities Exchange Act of 1934. If our common stock becomes so traded and
a market for the stock develops, the actual price of stock will be
determined by prevailing market prices at the time of sale or by private
transactions negotiated by the selling shareholders. The
offering price would thus be determined by market factors and the
independent decisions of the selling shareholders.
|
Minimum
Number of Shares To Be Sold in This Offering
|
None
|
Securities Issued and to be Issued | 6,695,000 shares of our common stock are issued and outstanding as of the date of this prospectus. All of the common stock to be sold under this prospectus will be sold by existing shareholders. There will be no increase in our issued and outstanding shares as a result of this offering. |
Use of Proceeds | We will not receive any proceeds from the sale of the common stock by the selling shareholders. |
Summary
Financial Information
|
||||||||
Balance
Sheet Data
|
As
of
September
30, 2009 (Unaudited)
|
As
of December 31, 2008 (Audited)
|
As
of December 31, 2007 (Audited)
|
|||||
Cash
|
$ | 53,465 | $ | 86,079 | $ | 14,228 | ||
Total
Assets
|
$ | 53,465 | $ | 86,079 | $ | 14,228 | ||
Liabilities
|
$ | 303 | $ | 510 | $ | 1,250 | ||
Total
Stockholders’ Equity
|
$ | 53,162 | $ | 85,569 | $ | 12,978 |
Statement
of Expenses
|
For
the three months ended September 30, 2009
(Unaudited)
|
For
the six months ended September 30, 2009
(Unaudited)
|
For
the period from July 19, 2007 (Inception)
though
September 30, 2009 (Unaudited)
|
For
the
Year
Ended December 31, 2008
(Audited)
|
For
the period from
July
19, 2007
(Inception)through
December
31,
2007
|
For
the period from
July
19, 2007
(Inception)
through
December
31, 2008
|
|||||||||||||
Revenue
|
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||
Loss
for the Period
|
$ | 21,400 | $ | 32,407 | $ | 82,295 | $ | 16,409 | $ | 33,479 | $ | 49,888 |
§
|
the
cost, performance and reliability of our products and products offered by
our competitors;
|
§
|
public
perceptions regarding the effectiveness and value of toothbrushes for
pets;
|
§
|
customer
satisfaction with our Product; and
|
§
|
marketing
efforts and publicity regarding the needs for our
Product.
|
§
|
Lower
than projected revenues;
|
§
|
Price
reductions and lower profit
margins;
|
§
|
The
inability to develop and maintain our products with features and usability
sought by potential customers.
|
§
|
unexpected
increases in manufacturing costs;
|
§
|
interruptions
in shipments if a third-party manufacturer is unable to complete
production in a timely manner;
|
§
|
inability
to control quality of finished
products;
|
§
|
inability
to control delivery schedules;
|
§
|
inability
to control production levels and to meet minimum volume commitments to our
customers;
|
§
|
inability
to control manufacturing yield;
|
§
|
inability
to maintain adequate manufacturing capacity;
and
|
§
|
inability
to secure adequate volumes of acceptable components, at suitable prices or
in a timely manner.
|
Name of Selling Shareholder
|
Shares
Owned
Prior to this
Offering
|
Total
Number of Shares to be Offered for Selling
Shareholder Account
|
Total
Shares to be Owned Upon Completion of this
Offering
|
Percent
Owned Upon
Completion of this
Offering
|
Stacy
R. Bleiweis
|
7,500
|
7,500
|
zero
|
zero
|
Zissy
Brull
|
12,500
|
12,500
|
zero
|
zero
|
Continental
US Flooring, Inc.(1)
|
5,000
|
5,000
|
zero
|
zero
|
Gustave
T. Dotoli
|
5,000
|
5,000
|
zero
|
zero
|
Ronald
A. Durando
|
7,500
|
7,500
|
zero
|
zero
|
Ruth
Englard
|
7,500
|
7,500
|
zero
|
zero
|
Hilda
Englard
|
5,000
|
5,000
|
zero
|
zero
|
Fred
C. Farrell
|
15,000
|
15,000
|
zero
|
zero
|
Marvin
Fischman
|
5,000
|
5,000
|
zero
|
zero
|
William
L. Goetz III
|
7,500
|
7,500
|
zero
|
zero
|
Jacob
Hillman
|
5,000
|
5,000
|
zero
|
zero
|
Abraham
Hoffert
|
2,500
|
2,500
|
zero
|
zero
|
Frederic
J. Freeman
|
5,000
|
5,000
|
zero
|
zero
|
Frederic
J. Freeman II
|
5,000
|
5,000
|
zero
|
zero
|
Bill
Grigorieff
|
25,000
|
25,000
|
zero
|
zero
|
Alana
Littler
|
10,000
|
10,000
|
zero
|
zero
|
Sandy
Jordon
|
7,500
|
7,500
|
zero
|
zero
|
Shulem
E. Lipschutz
|
10,000
|
10,000
|
zero
|
zero
|
Maana
Enterprises, Inc(2)
|
5,000
|
5,000
|
zero
|
zero
|
Meshilem
Lowy
|
5,000
|
5,000
|
zero
|
zero
|
Congregation
Zichron Malka(3)
|
5,000
|
5,000
|
zero
|
zero
|
Sharon
D. McIntosh
|
5,000
|
5,000
|
zero
|
zero
|
Marich
Family Living Trust (3-3-98)(4)
|
5,000
|
5,000
|
zero
|
zero
|
Wayne
Markel
|
25,000
|
25,000
|
zero
|
zero
|
Ronald
E. Morris
|
5,000
|
5,000
|
zero
|
zero
|
Avrohom
Moshel
|
5,000
|
5,000
|
zero
|
zero
|
Alan
R. Olsen
|
5,000
|
5,000
|
zero
|
zero
|
Charline
Pearson
|
15,000
|
15,000
|
zero
|
zero
|
John
Pearson
|
25,000
|
25,000
|
zero
|
zero
|
Michael
Petersen
|
5,000
|
5,000
|
zero
|
zero
|
P.R.
Diamonds, Inc.(5)
|
10,000
|
10,000
|
zero
|
zero
|
Abraham
Rosenberg
|
5,000
|
5,000
|
zero
|
zero
|
David
Rosenberg
|
25,000
|
25,000
|
zero
|
zero
|
Doris
M. Ruff
|
62,500
|
62,500
|
zero
|
zero
|
Steven
A. Silverstein
|
5,000
|
5,000
|
zero
|
zero
|
Robert
Slack
|
130,000
|
30,000
|
100,000
|
1.5%
|
Zoltan
Stern
|
10,000
|
10,000
|
zero
|
zero
|
Schwartz
Investments(6)
|
12,500
|
12,500
|
zero
|
zero
|
Irgun
Shiurai Torah, Inc.(7)
|
25,000
|
25,000
|
zero
|
zero
|
United
Chocolate, Inc.(8)
|
25,000
|
25,000
|
zero
|
zero
|
Parker
West
|
7,500
|
7,500
|
zero
|
zero
|
§
|
the
change is not material.
|
§
|
the
number of shares or dollar amount registered does not
change.
|
§
|
The
new selling shareholder’s shares can be traced to those covered by the
original registration
statement.
|
1.
|
on
such public markets or exchanges as the common stock may from time to time
be trading;
|
2.
|
in
privately negotiated transactions;
|
3.
|
through
the writing of options on the common
stock;
|
4.
|
in
short sales, or;
|
5.
|
in
any combination of these methods of
distribution.
|
1.
|
The
number of shares constituting that series and the distinctive designation
of that series, which may be by distinguishing number, letter or
title;
|
2.
|
The
dividend rate on the shares of that series, whether dividends will be
cumulative, and if so, from which date(s), and the relative rights of
priority, if any, of payment of dividends on shares of that
series;
|
3.
|
Whether
that series will have voting rights, in addition to the voting rights
provided by law, and, if so, the terms of such voting
rights;
|
4.
|
Whether
that series will have conversion privileges, and, if so, the terms and
conditions of such conversion, including provision for adjustment of the
conversion rate in such events as the Board of Directors
determines;
|
5.
|
Whether
or not the shares of that series will be redeemable, and, if so, the terms
and conditions of such redemption, including the date or date upon or
after which they are redeemable, and the amount per share payable in case
of redemption, which amount may vary under different conditions and at
different redemption dates;
|
6.
|
Whether
that series will have a sinking fund for the redemption or purchase of
shares of that series, and, if so, the terms and amount of such sinking
fund;
|
7.
|
The
rights of the shares of that series in the event of voluntary or
involuntary liquidation, dissolution or winding up of the corporation, and
the relative rights of priority, if any, of payment of shares of that
series;
|
8.
|
Any
other relative rights, preferences and limitations of that
series
|
“The
Pet Economy,” by Diane Brady and Christopher Palmeri, in BusinessWeek.
|
August
6, 2007
|
The
American Veterinary Dental Society (AVDS) as cited by DHF and
AAHA
|
2009
|
Dental
Health Facts as reported on the Hill’s Pet Nutrition website
www.hillspet.com by Hill's Pet Nutrition, Inc., Veterinary Oral
Health Council, American Veterinary Medical Association
American
Veterinary Dentistry Society, Academy of Veterinary
Dentistry, American Veterinary Dental College, and Academy of
Veterinary Dental Technicians
|
2009
|
American
Animal Hospital Association’s (AAHA) Dental Care Guidelines as reported on
the AAHA website healthypet.com.
|
2009
|
The
Pet Food Institute as cited on the American Society for the Prevention of
Cruelty to Animals (ASPCA) website aspca.org.
|
2009
|
The
2007-2008 National Pet Owners Survey as reported by the American Pet
Products Manufacturing Association (APPMA) on their website
americanpetproduct.org.
|
2009
|
The
American Pet Products Manufacturing Association (APPMA) on their website
americanpetproduct.org.
|
2009
|
Category
|
Cost
and Known/Anticipated Costs
|
Notes/Explanation
|
Known
or anticipated costs of development of products and services, including
the testing and refinement of QE Brushes' prototype product.
|
§ JB
Engineering Services - $4,164 for engineering design of
toothbrush
§ -Bergman
& Jeckle - $2,500 for patent search and trademark registration
fees
§ Proto
Techechnologies - $1,200 for building prototypes of
toothbrushes
§ Crowberry
- $750 for packaging artwork design
§ Robert
Slack – 125,000 shares for consulting design work of
toothbrush
|
We
have already paid these costs.
|
Known
or anticipated costs of marketing QE Brushes' product under its license
agreement with Mr. Gregory P. Ruff.
|
None
|
|
Known
or anticipated costs of research and development to accommodate the design
of QE Brushes' toothbrush to accommodate the manufacturing
process.
|
None
|
|
Known
or anticipated costs of the manufacturing process for producing QE
Brushes' toothbrush.
|
§ Meri LLC - $24,000 for manufacturing packaging and shipping
15,000 toothbrushes;
|
We
have paid half the manufacturing cost for the 15,000 brushes at a cost of
$12,000, with the balance due upon receipt of the
brushes
|
Known
or anticipated costs of sales and distribution channels for QE Brushes'
toothbrush.
|
§ flyers
in the Sunday Spokane newspaper , which could cost approximately
$500
§ attending
pet shows and setting up booths, which is estimated at $250 per pet
fair
§ TV
commercials comprising approximately 20 advertising slots on the USA and
National Geographic channels (6 channels in total ) at a cost of $3,500
plus $1,000 for the making of the advertisement
§ targeted
mailing list for both the mail and internet at approximately $1,000
including mailing costs
§ advertising
on the Caesar Dog Whisper internet site at approximately $1,200; on QVC at
no charge if they accept our Product; and approaching large info
commercial companies to market and enter into a licensing agreement with
us.
|
We
are considering one or more of these advertising methods to launch our
toothbrushes
|
Known
or anticipated costs of obtaining patent protection for QE Brushes'
toothbrush.
|
§ Patent
Search - $900.00
§ Trademark
application Poochy Smooch - $1,600.00
|
We
have already paid this costs.
|
Other
known or anticipated material costs relating to QE Brushes' plan of
operation.
|
§ Travel
expenses for marketing purposes for either pet shows or visiting marketing
companies to sale toothbrushes in stores, vet clinics or on TV -
$3,500.00
|
Name
|
Age
|
Office(s)
Held
|
Date
of Appointment
|
Gregory
Ruff
|
50
|
President,
CEO, CFO, Secretary, Treasurer, and Director
|
July,
19, 2007
|
Craig
Littler
|
66
|
Director
|
July,
19, 2007
|
Murray
Sternfeld
|
63
|
Director
|
July,
19, 2007
|
Paul
Charbonneau
|
52
|
Director
|
July,
19, 2007
|
James
Adams
|
54
|
Director
|
July,
19, 2007
|
SUMMARY
COMPENSATION TABLE
|
|||||||||
Name
and
principal
position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Nonqualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Gregory
Ruff,
CEO,
CFO, President, Secretary-Treasurer, & Director
|
2007
2008
|
0
0
|
0
0
|
225
0
|
0
0
|
0
0
|
0
0
|
0
0
|
225
0
|
OUTSTANDING
EQUITY AWARDS AT FISCAL YEAR-END
|
|||||||||
OPTION
AWARDS
|
STOCK
AWARDS
|
||||||||
Name
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number
of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of
Shares
or
Shares
of
Stock
That
Have
Not
Vested
(#)
|
Market
Value
of
Shares
or
Shares
of
Stock
That
Have
Not
Vested
($)
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Shares
or
Other
Rights
That
Have
Not
Vested
(#)
|
Equity
Incentive
Plan
Awards:
Market
or
Payout
Value
of
Unearned
Shares,
Shares
or
Other
Rights
That
Have
Not
Vested
(#)
|
Gregory
Ruff
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
DIRECTOR
COMPENSATION
|
|||||||
Name
|
Fees
Earned or
Paid
in Cash
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Non-Qualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Craig
Littler
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Murray
Sternfeld
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Paul
Charbonneau
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Tim
Adams
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Craig
Littler
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Title of class
|
Name
and address of beneficial owner
|
Amount
of
beneficial ownership
|
Percent
of class*
|
Common
|
Gregory
Ruff
12901
South Buttercup Lane
Spokane,
WA 99224
|
4,000,000
Shares
|
59.8%
|
Common
|
Craig
Littler
12901
South Buttercup Lane
Spokane,
WA 99224
|
530,000
Shares
|
7.9%
|
Common
|
Murray
Sternfeld
12901
South Buttercup Lane
Spokane,
WA 99224
|
530,000
Shares
|
7.9%
|
Common
|
Paul
Charbouneau
12901
South Buttercup Lane
Spokane,
WA 99224
|
530,000
Shares
|
7.9%
|
Common
|
James
Adams
12901
South Buttercup Lane
Spokane,
WA 99224
|
530,000
Shares
|
7.9%
|
Common
|
Total
all executive officers and directors
|
6,120,000
Shares
|
91.4%
|
Common
|
5%
Shareholders
|
||
None
|
·
|
Any
of our directors or officers;
|
·
|
Any
person proposed as a nominee for election as a
director;
|
·
|
Any
person who beneficially owns, directly or indirectly, shares carrying more
than 10% of the voting rights attached to our outstanding shares of common
stock;
|
·
|
Any
of our promoters;
|
·
|
Any
relative or spouse of any of the foregoing persons who has the same house
address as such person.
|
F-3 | Statements of Changes in Stockholders' Deficit for the period from July 19, 2007 (Date of inception) through September 30, 2009 |
F-4
|
|
F-5
|
September 30,
2009
|
December
31,
2008
|
||||
ASSETS
|
|||||
CURRENT
ASSETS:
|
|||||
Cash
|
$ | 53,465 | $ | 86,079 | |
Total
Assets
|
$ | 53,465 | $ | 86,079 | |
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
|||||
CURRENT
LIABILITIES:
|
|||||
Accounts
payable
|
$ | 303 | $ | 510 | |
Total
Current Liabilities
|
303 | 510 | |||
Stockholders'
Equity
|
|||||
Preferred
stock, $.00001 par, 100,000,000 shares authorized,
no shares issued or outstanding
|
- | - | |||
Common
stock, $.00001 par, 100,000,000 shares authorized,
6,695,000 shares issued or outstanding
|
6,696 | 6,696 | |||
Additional
paid-in capital
|
128,761 | 128,761 | |||
Deficit
accumulated during the development stage
|
(60,895) | (49,888) | |||
Total
Stockholders’ Equity
|
53,162 | 85,569 | |||
Total
Liabilities and Stockholders' Equity
|
$ | 53,162 | $ | 86,079 |
Three
Months Ended September 30,
|
Nine Months
Ended September
|
From
Inception
(July
19, 2007)
Through
September
30,
|
||||||||||||
2009
|
2008
|
2009
|
2008
|
2009
|
||||||||||
OPERATING
EXPENSES:
|
||||||||||||||
Legal
fees
|
$ | 1,675 | - | $ | 1,675 | 4,085 | $ | 34,115 | ||||||
Accounting
fees
|
5,450 | 1,800 | 13,183 | 3,275 | 21,972 | |||||||||
Office
expense
|
725 | 333 | 1,474 | 556 | 4,002 | |||||||||
License
and fees
|
220 | - | 540 | 2,054 | 670 | |||||||||
Professional
fees
|
13,330 | 440 | 15,535 | 3,817 | 21,536 | |||||||||
Total
operating expenses
|
21,400 | 2,573 | 32,407 | 13,787 | 82,295 | |||||||||
Net
Loss
|
$ | (21,400) | (2,573) | $ | (32,407) | (13,787) | $ | (82,295) | ||||||
Weighted
average number of shares
|
6,695,000 | 6,455,475 | 6,695,000 | 6,317,807 | ||||||||||
Basic
and diluted net loss per share
|
$ | (0.00) | (0.00) | $ | (0.00) | (0.00) |
Common
Stock
|
Additional
Paid-In
|
Deficit
Accumulated
During
the
Development
|
||||||||||||
Shares
|
Amount
|
Capital
|
Stage
|
Total
|
||||||||||
BALANCE,July
19, 2007
(Date
of inception)
|
- | $ | - | $ | - | $ | - | $ | - | |||||
Issuance
of common stock for:
|
||||||||||||||
Cash
|
3,775,000 | 3,775 | - | - | 3,775 | |||||||||
Services
|
225,000 | 225 | - | - | 225 | |||||||||
Issuance
of common stock for:
|
||||||||||||||
Cash
at $.0189
|
2,120,000 | 2,120 | 37,880 | - | 40,000 | |||||||||
Services
at $.001
|
130,000 | 130 | 2,327 | - | 2,457 | |||||||||
Net
loss
|
- | - | - | (33,479) | (33,479) | |||||||||
BALANCE,
December 31, 2007
|
6,250,000 | 6,250 | 40,207 | (33,479) | 12,978 | |||||||||
Issuance
of common stock for:
|
||||||||||||||
Cash
at $.10
|
445,000 | 446 | 88,554 | - | 89,000 | |||||||||
Net
loss
|
- | - | - | (16,409) | (16,409) | |||||||||
BALANCE,
December 31, 2008
|
6,695,000 | $ | 6,696 | $ | 128,761 | $ | (49,888) | $ | 85,569 | |||||
Net loss | - | - | - | (8,044) | (8,044) | |||||||||
BALANCE, March 31, 2009 | 6,695,000 | $ | 6,696 | $ | 128,761 | $ | (57,932) | $ | 77,525 | |||||
Net loss | - | - | - | (2,963) | (2,963) | |||||||||
BALANCE, June 30, 2009 | 6,695,000 | $ | 6,696 | $ | 128,761 | (60,895) | $ | 74,562 | ||||||
Net loss | - | - | - | (21,400) | (21,400) | |||||||||
BALANCE, September 30, 2009 | 6,695,000 | $ | 6,696 | 128,761 | $ | (82,295) | $ | 53,162 | ||||||
Nine Months
Ended
September 30,
|
From
Inception
(July
19, 2007)
Through
September
30,
|
|||||||
2009
|
2008
|
2009
|
||||||
Cash
Flows From Operating Activities
|
||||||||
Net
Loss
|
$ | (32,407) | $ | (13,787) | $ | (82,295) | ||
Adjustments
to reconcile net loss to net cash used in operating
activities:
|
||||||||
Common
stock subscribed for services
|
- | 2,682 | ||||||
Changes
in assets and liabilities:
|
||||||||
Accounts
payable
|
(207) | (1,250) | 303 | |||||
Total
Cash Used For Operating Activities
|
(32,614) | (15,037) | (79,310) | |||||
Cash
Flows From Financing Activities
|
||||||||
Subscription
of common stock to founder
|
- | 353 | 3,775 | |||||
Subscription
of common stock to investors
|
- | 72,474 | 129,000 | |||||
Total
Cash Provided by Financing Activities
|
- | 72,827 | 132,775 | |||||
Net
Increase (Decrease) in Cash
|
(32,614) | (57,790) | 53,465 | |||||
Cash
at Beginning of Period
|
86,079 | 14,228 | - | |||||
Cash
at End of Period
|
$ | 53,465 | $ | 72,018 | $ | 53,465 | ||
Supplemental
Disclosure of Cash Flow Information
|
||||||||
Interest
paid
|
$ | - | $ | - | $ | - | ||
Income
taxes paid
|
$ | - | $ | - | $ | - |
December
31,
2008
|
December
31,
2007
|
||||
ASSETS
|
|||||
CURRENT
ASSETS:
|
|||||
Cash
|
$ | 86,079 | $ | 14,228 | |
Total
Assets
|
$ | 86,079 | $ | 14,228 | |
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
|||||
CURRENT
LIABILITIES:
|
|||||
Accounts
payable
|
$ | 510 | $ | 1,250 | |
Total
Current Liabilities
|
510 | 1,250 | |||
Stockholders'
Equity
|
|||||
Preferred
stock, $.001 par, 10,000,000 shares authorized,
no shares
issued or outstanding
|
- | - | |||
Common
stock, $.001 par, 90,000,000 shares authorized,
6,695,000
and 6,250,000 shares issued or outstanding
|
6,696 | 6,250 | |||
Additional
paid-in capital
|
128,761 | 40,207 | |||
Deficit
accumulated during the development stage
|
(49,888) | (33,479) | |||
Total
Stockholders’ Equity
|
85,569 | 12,978 | |||
Total
Liabilities and Stockholders' Equity
|
$ | 86,079 | $ | 14,228 |
Twelve
Months Ended
December
31, 2008
|
From
Inception
(July
19, 2007)
Through
December 31,
2007
|
From
Inception
(July
19, 2007)
Through
December 31,
2008
|
||||||
OPERATING
EXPENSES:
|
||||||||
General
and Administrative Expenses
|
$ | 16,409 | 33,479 | $ | 49,888 | |||
Total
operating expenses
|
16,409 | 33,479 | 49,888 | |||||
Net
Loss
|
$ | (16,409) | (33,479) | $ | (49,888) | |||
Weighted
average number of shares
|
6,411,116 | 4,452,800 | ||||||
Basic
and diluted net loss per share
|
$ | (0.00) | (0.01) |
Common
Stock
|
Additional
Paid-In
|
Deficit
Accumulated
During
the
Development
|
||||||||||||
Shares
|
Amount
|
Capital
|
Stage
|
Total
|
||||||||||
BALANCE,July
19, 2007
(Date
of inception)
|
- | $ | - | $ | - | $ | - | $ | - | |||||
Issuance
of common stock for:
|
||||||||||||||
Cash
|
3,775,000 | 3,775 | - | - | 3,775 | |||||||||
Services
|
225,000 | 225 | - | - | 225 | |||||||||
Issuance
of common stock for:
|
||||||||||||||
Cash
|
2,120,000 | 2,120 | 37,880 | - | 40,000 | |||||||||
Services
|
130,000 | 130 | 2,327 | - | 2,457 | |||||||||
Net
loss
|
- | - | - | (33,479) | (33,479) | |||||||||
BALANCE,
December 31, 2007
|
6,250,000 | 6,250 | 40,207 | (33,479) | 12,978 | |||||||||
Issuance
of common stock for:
|
||||||||||||||
Cash
|
445,000 | 446 | 88,554 | - | 89,000 | |||||||||
Net
loss
|
- | - | - | (16,409) | (16,409) | |||||||||
BALANCE,
December 31, 2008
|
6,695,000 | $ | 6,696 | $ | 128,761 | $ | (49,888) | $ | 85,569 |
Twelve
Months Ended
December 31, 2008
|
From
Inception
(July
19, 2007)
Through
December 31, 2007
|
From
Inception
(July
19, 2007)
Through
December 31, 2008
|
||||||
Cash
Flows From Operating Activities
|
||||||||
Net
Loss
|
$ | (16,409) | $ | (33,479) | $ | (49,888) | ||
Adjustments
to reconcile net loss to net cash used in operating
activities:
|
||||||||
Common
stock for services
|
2,682 | 2,682 | ||||||
Changes
in assets and liabilities:
|
||||||||
Accounts
payable
|
(740) | 1,250 | 510 | |||||
Total
Cash (Used) by Operating Activities
|
(17,149) | (29,547) | (46,696) | |||||
Cash
Flows From Financing Activities
|
||||||||
Issuance
of common stock to founder
|
- | 3,775 | 3,775 | |||||
Proceeds
from issuance of common stock
|
89,000 | 40,000 | 129,000 | |||||
Total
Cash Provided by Financing Activities
|
89,000 | 43,775 | 132,775 | |||||
Net
Increase in Cash
|
71,851 | 14,228 | 86,079 | |||||
Cash
at Beginning of Period
|
14,228 | - | - | |||||
Cash
at End of Period
|
$ | 86,079 | $ | 14,228 | $ | 86,079 | ||
Supplemental
Disclosure of Cash Flow Information
|
||||||||
Interest
paid
|
$ | - | $ | - | $ | - | ||
Income
taxes paid
|
$ | - | $ | - | $ | - |
Deferred
income tax asset
|
$ | 7,081 |
Valuation
allowance
|
(7,081) | |
Net
deferred tax assets
|
$ | - |
Securities
and Exchange Commission registration fee
|
$ | 5.30 |
Federal
Taxes
|
$ | 0.00 |
State
Taxes and Fees
|
$ | 0.00 |
Listing
Fees
|
$ | 0.00 |
Printing
and Engraving Fees
|
$ | 0.00 |
Transfer
Agent Fees
|
$ | 0.00 |
Accounting
fees and expenses
|
$ | 4,500.00 |
Legal
fees and expenses
|
$ | 12,000.00 |
Total
|
$ | 16,505.30 |
1.
|
a
willful failure to deal fairly with the company or its shareholders in
connection with a matter in which the director has a material conflict of
interest;
|
2.
|
a
violation of criminal law (unless the director had reasonable cause to
believe that his or her conduct was lawful or no reasonable cause to
believe that his or her conduct was
unlawful);
|
3.
|
a
transaction from which the director derived an improper personal profit;
and
|
4.
|
willful
misconduct.
|
1.
|
such
indemnification is expressly required to be made by
law;
|
2.
|
the
proceeding was authorized by our Board of
Directors;
|
3.
|
such
indemnification is provided by us, in our sole discretion, pursuant to the
powers vested in us under Nevada law;
or;
|
4.
|
such
indemnification is required to be made pursuant to the
bylaws.
|
Exhibit Number
|
Description
|
3.1
|
Articles of Incorporation
(1)
|
3.2
|
By-Laws(1)
|
5.1
|
Opinion of Cane Clark, LLP, with
consent to use(1)
|
10.1
|
License Agreement (1)
|
10.2 | Slack Services(1) |
10.3 | Bendio Services(1) |
10.4 | MERI China, LLC Manufacturing Bid(1) |
10.5 | Consulting Agreement(1) |
24.1
|
Power
of Attorney (see attached signature
page)
|
By:
/s/ Gregory
Ruff
|
|
Gregory
Ruff
|
|
President,
Chief Executive Officer, Principal Executive Officer,
|
|
Chief
Financial Officer, Principal Financial Officer,
|
|
Principal
Accounting Officer, and Director
|
|
December 30, 2009
|
|
By:
/s/ Craig
Littler
|
By: /s/ Murray Sternfeld |
Craig
Littler
|
Murray Sternfeld |
Director
|
Director |
December 30, 2009
|
December 30, 2009 |
By:
/s/ James
Adams
|
|
James
Adams
|
|
Director
|
|
December 30, 2009
|