Large accelerated filer	¨		Accelerated filer	¨
Non-accelerated filer	¨		Smaller Reporting Company	x

 

 

 

		Page
PART I.	FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements	3
	Balance Sheets as of March 31, 2009 and December 31, 2008 (unaudited)	3
	Statements of Operations for the Three Months Ended March 31, 2009 and 2008, and from re-entering the development stage, February 29, 2008 to March 31, 2009 (unaudited)	4
	Statements of Cash Flows for the Three Months Ended March 31, 2009 and 2008, and from re-entering the development stage, February 29, 2008 to March 31, 2009 (unaudited)	5
	Notes to Unaudited Financial Statements	6
Item 2.	Management’s Discussion and Analysis or Plan of Operation	7
Item 3.	Quantitative and Qualitative Disclosure about Market Risk	8
Item 4.	Controls and Procedures	8
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	8
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	Defaults Upon Senior Securities	9
Item 4.	Submission of Matters to a Vote of Security Holders	9
Item 5.	Other Information	9
Item 6.	Exhibits	9
Signatures		9

 

 

		March 31, 2009				December 31, 2008
ASSETS
Current Assets
Cash		$	-			$	-
Total Current Assets			-				-
TOTAL ASSETS		$	-			$	-
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accrued liabilities		$	1,940			$	1,940
Note payable			25,000				25,000
Total Current Liabilities			26,940				26,940
Stockholders' Deficit
Common stock, $.001 par value, 50,000,000 shares authorized, 295,286  shares issued and outstanding in both periods			295				295
Paid-in capital			1,934,654				1,932,090
Accumulated deficit from development stage			(49,026	)			(46,462	)
Accumulated deficit from prior operations			(1,912,863	)			(1,912,863	)
Total Stockholders' Deficit			(26,940	)			(26,940	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	-			$	-

 

 

 

		Three Months Ended								Re-entering
		March 31,								Development Stage to
		2009				2008				March 31, 2009
Revenue		$	-			$	-			$	-
Cost of goods sold			-				-				-
Gross profit			-				-				-
											-
Expenses:
General and administrative costs			2,064				-				47,527
Total operating expense			-				-				47,527
Operating Loss			-				-				(47,527	)
Interest expense			500				-				1,499
NET LOSS FROM CONTINUING OPERATIONS			2,564				-				(49,026	)
Discontinued operations
Loss from discontinued operations			-				(91,467	)
Loss on disposal			-				(3,864	)			-
NET LOSS		$	(2,564	)		$	(95,311	)		$	(49,026	)
Loss per common share from continuing operations – basic and diluted			(0.00	)			(0.00	)
Loss per common share from discontinued operations – basic and diluted			(0.00	)			(0.32	)
Basic and diluted loss per share		$	( 0.00	)		$	( 0.32	)
Weighted average shares outstanding			295,286				295,526

 

 

 

		Three Months Ended March 31,								Re-entering Development Stage
		2009				2008				to March 31, 2009
Cash Flows from Operating Activities
Net loss from operations		$	(2,564	)						$	(49,026	)
Net loss from discontinued operations			-				(91,467	)			-
Loss on disposal			-				(3,864	)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation			-				1,578				-
Imputed interest on note payable			500				1,909				1,499
Note payable issued for legal expenses			-				-				25,000
Changes in working capital:
Accounts receivable			-				(5,660	)			-
Inventory			-				(1,776	)			-
Prepaid expenses and other assets			-				(2,467	)			-
Accounts payable and accrued liabilities			-				6,404				1,940
Net cash used in operating activities			(2,064	)			(95,343	)			(20,587	)
Cash Flows from Investing Activities
Cash distributed in spin off			-				(23,580	)			-
Net cash used in investing activities			-				(23,580	)			-
Cash Flows from Financing Activities
Line of credit			-				(20,369	)			-
Donated capital			2,064								20,587
Proceeds from advance from shareholder			-				135,000				-
Net cash provided by financing activities			2,064				91,051				20,587
Net change in cash			-				(4,292	)			-
Cash at beginning of period			-				4,292				-
Cash at end of period		$	-			$	-			$	-
Supplemental Disclosures of Cash Flow Information
Cash paid for interest		$	-			$	853			$	-
Cash paid for income taxes			-				-				-