|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/11/20 Bally, Corp. 10-Q 12/31/19 25:668K Pubco Reporting … Inc/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 141K
2: EX-31.1 Certification -- §302 - SOA'02 HTML 16K
3: EX-32.1 Certification -- §906 - SOA'02 HTML 11K
18: R1 Document and Entity Information HTML 61K
23: R2 Balance Sheets HTML 51K
21: R3 Balance Sheets (Parentheticals) HTML 30K
10: R4 Statements of Operations (Unaudited) HTML 36K
17: R5 Statements of Changes in Stockholders' Deficit HTML 25K
(Unaudited)
22: R6 Statements of Cash Flows (Unaudited) HTML 39K
20: R7 Organization and Description of Business HTML 14K
11: R8 Summary of Significant Accounting Policies HTML 16K
16: R9 Going Concern and Liquidity Considerations HTML 15K
25: R10 Related Party Transactions HTML 14K
19: R11 Summary of Significant Accounting Policies HTML 17K
(Policies)
12: R12 Going Concern and Liquidity Considerations (Detail HTML 14K
Textuals)
15: R13 Related Party Transactions (Detail Textuals) HTML 20K
24: XML IDEA XML File -- Filing Summary XML 36K
13: EXCEL IDEA Workbook of Financial Reports XLSX 17K
4: EX-101.INS XBRL Instance -- blyq-20191231 XML 107K
6: EX-101.CAL XBRL Calculations -- blyq-20191231_cal XML 34K
7: EX-101.DEF XBRL Definitions -- blyq-20191231_def XML 35K
8: EX-101.LAB XBRL Labels -- blyq-20191231_lab XML 252K
9: EX-101.PRE XBRL Presentations -- blyq-20191231_pre XML 148K
5: EX-101.SCH XBRL Schema -- blyq-20191231 XSD 37K
14: ZIP XBRL Zipped Folder -- 0001640334-20-000239-xbrl Zip 22K
UNITED STATES
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 EXCHANGE ACT OF 1934 | ||||||||
|
| ||||||||
For the quarterly period ended December 31, 2019 | |||||||||
|
| ||||||||
or | |||||||||
|
| ||||||||
¨ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||||||
|
| ||||||||
For the transition period from _____________ to_____________ | |||||||||
| |||||||||
Commission File Number 333-192387 | |||||||||
BALLY, CORP. | |||||||||
(Exact name of registrant as specified in its charter) |
Nevada |
| 80-0917804 | |||||||
(State or other jurisdiction of incorporation or organization) |
| (IRS Employer Identification No.) | |||||||
986 Dongfang Rd., One Hundred Shanshan Bldg 25th Fl |
| 200122 | |||||||||
(Address of principal executive offices) |
| (Zip Code) | |||||||||
(86) 138 1833 3008 | |||||||||
(Registrant’s telephone number, including area code) | |||||||||
| |||||||||
N/A | |||||||||
(Former name, former address and former fiscal year, if changed since last report) | |||||||||
| |||||||||
Securities registered pursuant to Section 12(b) of the Act: |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None | None | None |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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. x YES ¨ NO
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x YES ¨ NO
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ¨ | Accelerated filer | ¨ | ||||
Non-accelerated filer | x | Smaller reporting company | x | ||||
Emerging growth company | ¨ | ||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ | ||||||||
| ||||||||
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) x YES ¨ NO | ||||||||
| ||||||||
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. | ||||||||
| ||||||||
9,850,000 common shares issued and outstanding as of February 4, 2020 |
FORM 10-Q
|
|
| ||
|
|
|
| |
| F-1 |
| ||
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| 3 |
| |
| 7 |
| ||
| 7 |
| ||
|
|
|
|
|
|
|
| ||
|
|
|
| |
| 8 |
| ||
| 8 |
| ||
| 8 |
| ||
| 8 |
| ||
| 8 |
| ||
| 8 |
| ||
| 9 |
| ||
|
| 10 |
| |
| 2 |
PART I - FINANCIAL INFORMATION
INDEX TO UNAUDITED INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2019
Page | |||
F-2 | |||
F-3 | |||
| |||
| F-4 |
| |
F-5 | |||
F-6 |
| F-1 |
| Table of Contents |
Balance Sheets
(Unaudited)
The accompanying notes are an integral part of these unaudited interim financial statements.
| F-2 |
| Table of Contents |
Statements of Operations
(Unaudited)
The accompanying notes are an integral part of these unaudited interim financial statements.
| F-3 |
| Table of Contents |
Statements of Change in Stockholders’ Deficit
(Unaudited)
For the Three Months Ended December 31, 2019
|
| Preferred Stock |
|
| Common Stock |
|
| Additional Paid-In |
|
| Accumulated |
|
| Total Stockholders’ |
| |||||||||||||
|
| Shares |
|
| Amount |
|
| Shares |
|
| Amount |
|
| Capital |
|
| Deficit |
|
| Deficit |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Balance – September 30, 2019 |
|
| - |
|
| $ | - |
|
|
| 9,850,000 |
|
| $ | 985 |
|
| $ | 178,395 |
|
| $ | (214,729 | ) |
| $ | (35,349 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (15,116 | ) |
|
| (15,116 | ) |
Balance – December 31, 2019 |
|
| - |
|
| $ | - |
|
|
| 9,850,000 |
|
| $ | 985 |
|
| $ | 178,395 |
|
| $ | (229,845 | ) |
| $ | (50,465 | ) |
For the Three Months Ended December 31, 2018
|
| Preferred Stock |
|
| Common Stock |
|
| Additional Paid-In |
|
| Accumulated |
|
| Total Stockholders’ |
| |||||||||||||
|
| Shares |
|
| Amount |
|
| Shares |
|
| Amount |
|
| Capital |
|
| Deficit |
|
| Deficit |
| |||||||
Balance – September 30, 2018 |
|
| - |
|
| $ | - |
|
|
| 9,850,000 |
|
| $ | 985 |
|
| $ | 178,395 |
|
| $ | (189,851 | ) |
| $ | (10,471 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss for the period |
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| (9,989 | ) |
|
| (9,989 | ) |
Balance – December 31, 2018 |
|
| - |
|
| $ | - |
|
|
| 9,850,000 |
|
| $ | 985 |
|
| $ | 178,395 |
|
| $ | (199,840 | ) |
| $ | (20,460 | ) |
The accompanying notes are an integral part of these unaudited interim financial statements.
| F-4 |
| Table of Contents |
Statements of Cash Flows
(Unaudited)
The accompanying notes are an integral part of these unaudited interim financial statements
| F-5 |
| Table of Contents |
Notes to Financial Statements
(Unaudited)
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
BALLY, CORP. (the “Company”) was incorporated in the State of Nevada on March 13, 2013 and it is based in Shanghai, China. The Company is seeking an acquisition candidate. To date, the Company’s activities have been limited to its formation and the raising of equity capital.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of December 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the period ended December 31, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K/A for the year ended September 30, 2019 filed with the SEC on December 18, 2019.
Reclassification
Certain amounts from prior periods have been reclassified to confirm to the current period presentation.
NOTE 3 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated any revenues since inception and has an accumulated deficit of $229,845. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.
In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors.
NOTE 4 - RELATED PARTY TRANSACTIONS
During the three months ended December 31, 2019, the Company’s sole officer advanced to the Company an amount of $12,250 by paying for expenses on behalf of the Company. As of December 31, 2019, and September 30, 2019, the Company was obligated to the officer, for an unsecured, non-interest-bearing demand loan with a balance of $46,510 and $34,260, respectively.
| F-6 |
| Table of Contents |
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
FORWARD LOOKING STATEMENTS
Except for historical information, this report contains forward-looking statements. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects," "anticipates," "intends," "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the "Description of Business" section in our Form 10-K/A, as filed with the SEC on December 18, 2019. You should carefully review the risks described in our Annual Report and in other documents we file from time to time with the Securities and Exchange Commission. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.
Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.
All references in this Form 10-Q to the "Company," "Bally," "we," "us," or "our" are to Bally, Corp.
Corporate Overview
We were incorporated under the laws of the State of Nevada on March 13, 2013. From inception, it was our intent to import small farming, household gardening and general small tools directly from manufacturers and market to consumers in the Republic of India. Management of our company is currently evaluating our future strategic business plans.
On June 24, 2016, Katiuska Moran our former CEO and Director and Surjeet Singh, our former secretary and a substantial shareholder cancelled any and all loans they made to our company.
On June 24, 2016, in connection with the sale of a controlling interest our company, Katiuska Moran our former CEO and Director and Surjeet Singh (individually and collectively the “Seller(s)”) our company, entered into and closed on certain Share Purchase Agreements (the “Agreements”) with Aureas Capital Co., Ltd., whereby Aureas purchased from the Sellers a total of 6,918,800 shares of our company’s common stock (the “Shares”) for an aggregate price of $100,000.00. The Shares acquired represented approximately 70.6% of the issued and outstanding shares of common stock of our company.
Concurrently with the closing of the Agreements, Ming Chun Lung was appointed a director, Chief Executive Officer, President and Secretary and Katiuska Moran and Surjeet Singh resigned from all positions held as an officer and director of our company.
On June 8, 2017, Ming Chun Lung resigned as Chief Executive Officer, President, Secretary, and as a director of our company and Kong Nguan Hong was appointed Chief Executive Officer, President, Secretary, Chief Financial Officer, Treasurer, and as a director.
Pursuant to a stock purchase agreement (the “Agreement”), effective as of April 4, 2018, by and among Aureas Capital Co Ltd, Chen Yi-Dou, Ming-Chun Lung, NYJJ Investments, Ti-Jung Chen, Yi-Fang Lin and Zhiqing Wu (together, the “Sellers”) and Haiping Hu (the “Purchaser”), the Sellers sold an aggregate of 9,797,600 shares of Common Stock of our company, to the Purchaser for cash consideration of $360,000 from personal funds of the Purchaser (the “Transaction”). Of the net proceeds, $7,500 have been held back in escrow for the payment of past due taxes. Following consummation of the Transaction on April 4, 2018, the Purchaser holds 99.5% of the voting securities of our company, based on 9,850,000 shares issued and outstanding as at that date. The Transaction resulted in a change in control of our Company.
In connection with the Transaction, Kong Nguan Hong, the sole officer and director of the Company, resigned from all of his officer positions with our company, including Chief Executive Officer, Chief Financial Officer and Secretary, effective immediately upon the consummation of the Transaction, and remained a director of our company until April 16, 2018, which date was ten (10) days following the date on which our company filed a Schedule 14F-1 with the SEC and mailed same to the holders of record of our company, in connection with the Transaction.
| 3 |
| Table of Contents |
Our address is 986 Dongfang Rd., One Hundred Shanshan Bldg 25th Fl, Pudong, Shanghai, China 200122. Our telephone number is +86 136 1833 3008.
We do not have any subsidiaries. We do not have a corporate website.
We have not ever declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.
Our Current Business
We are currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. In certain instances, a target business may wish to become our subsidiary or may wish to contribute assets to us rather than merge. We have not yet begun negotiations or entered into any definitive agreements for potential new business opportunities, and there can be no assurance that we will be able to enter into any definitive agreements.
Any new acquisition or business opportunities that we may acquire will require additional financing. There can be no assurance, however, that we will be able to acquire the financing necessary to enable us to pursue our plan of operation. If our company requires additional financing and we are unable to acquire such funds, our business may fail.
Management of our company believes that there are benefits to being a reporting company with a class of securities quoted on the OTCMarkets, such as: (i) the ability to use registered securities to acquire assets or businesses; (ii) increased visibility in the financial community; (iii) the facilitation of borrowing from financial institutions; (iv) potentially improved trading efficiency; (v) potential stockholder liquidity; (vi) potentially greater ease in raising capital subsequent to an acquisition; (vii) potential compensation of key employees through stock awards or options; (viii) potentially enhanced corporate image; and (ix) a presence in the United States’ capital market.
We may seek a business opportunity with entities that have recently commenced operations, or entities who wish to utilize the public marketplace in order to raise additional capital in order to expand business development activities, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly-owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.
In implementing a structure for a particular business acquisition or opportunity, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity. We may also acquire stock or assets of an existing business. Upon the consummation of a transaction, it is anticipated that our sole officer and two directors will continue to manage the Company.
As of the date hereof, we have not entered into any formal written agreements for a business combination or opportunity. When any such agreement is reached, we intend to disclose such an agreement by filing a current report on Form 8-K.
We anticipate that the selection of a business opportunity in which to participate will be complex and without certainty of success. Business opportunities may be available in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Business opportunities that we believe are in the best interests of our company may be scarce, or we may be unable to obtain the ones that we want. We can provide no assurance that we will be able to locate compatible business opportunities.
Currently, we do not have a source of revenue. We are not able to fund our cash requirements through our current operations. We have been reliant on loans by affiliated and non-affiliated parties to provide financial contributions and services to keep our company operating. Further, we believe that our company may have difficulties raising capital from other sources until we locate a prospective merger candidate through which we can pursue our plan of operation. If we are unable to secure adequate capital to continue our acquisition efforts, our shareholders may lose some or all of their investment and our business may fail. We currently have no written or oral agreement from our majority shareholder to continue to provide financial contributions.
| 4 |
| Table of Contents |
Results of Operations
Three months ended December 31, 2019 compared to December 31, 2018:
The following summary of our operations should be read in conjunction with our unaudited financial statements for the three months ended December 31, 2019 and 2018.
|
| Three Months Ended |
|
|
| |||||||
|
|
|
|
| ||||||||
|
| 2019 |
|
| 2018 |
|
| Change |
| |||
Revenue |
| $ | - |
|
| $ | - |
|
| $ | - |
|
General and administrative |
|
| 15,116 |
|
|
| 9,989 |
|
|
| 5,127 |
|
Net loss |
| $ | 15,116 |
|
| $ | 9,989 |
|
| $ | 5,127 |
|
During the three months ended December 31, 2019 and 2018, we did not have any revenues.
Our financial statements report a net loss of $15,116 for the three months ended December 31, 2019 compared to a net loss of $9,989 for the three months ended December 31, 2018.
Our operating expenses for the three months ended December 31, 2019 were $15,116 compared to $9,989 for the three months ended December 31, 2018. Operating expenses consists primarily of professional fees.
Liquidity and Capital Resources
The following table provides selected financial data about our company as of December 31, 2019 and September 30, 2019, respectively.
Working Capital
|
| December 31, |
|
|
|
|
| |||||
|
| 2019 |
|
| 2019 |
|
| Changes |
| |||
Current Assets |
| $ | - |
|
| $ | - |
|
| $ | - |
|
Current Liabilities |
|
| 50,465 |
|
|
| 35,349 |
|
|
| 15,116 |
|
Working Capital Deficiency |
| $ | 50,465 |
|
| $ | 35,349 |
|
| $ | 15,116 |
|
As at December 31, 2019 and September 30, 2019, our total current assets were $0.
As at December 31, 2019, our current liabilities were $50,465 compared to $35,349 in current liabilities as at September 30, 2019. Stockholders’ deficit was $50,465 as of December 31, 2019 compared to stockholders’ deficit of $35,349 as of September 30, 2019. The increase in current liabilities is primarily due to an increase in due to an officer for payments made for operating expenses.
Cash Flows
|
| Three Months Ended |
| |||||
|
|
| ||||||
|
| 2019 |
|
| 2018 |
| ||
Net cash used in operating activities |
| $ | - |
|
| $ | - |
|
Net cash used in investing activities |
|
| - |
|
|
| - |
|
Net cash provided by financing activities |
|
| - |
|
|
| - |
|
Net change in cash |
| $ | - |
|
| $ | - |
|
| 5 |
| Table of Contents |
Operating Activities
The Company did not use any funds for operating activities during the three months ended December 31, 2019 and December 31, 2018. During the three months ended December 31, 2019 and December 31, 2018, the Company’s sole officer paid $12,250 and $9,989, respectively, on behalf of the Company for operating expenses.
Investing Activities
The Company did not use any funds for investing activities during the three months ended December 31, 2019 and December 31, 2018.
Financing Activities
The Company did not use any funds for financing activities during the three months ended December 31, 2019 and December 31, 2018.
Going Concern
Our auditors issued a going concern opinion on our financial statements as of and for the year ended September 30, 2019. This means that there is substantial doubt that we can continue as an ongoing business for the next twelve months unless we obtain additional capital to pay for our expenses, as we have not generated any revenues and no sales are yet possible. There is no assurance we will ever reach this point. Accordingly, we must raise sufficient capital from sources. Our only other source for cash at this time is investment by our sole director and officer. We must raise cash to stay in business. In response to these problems, management intends to raise additional funds through public or private placement offerings. At this time, however, the Company does not have plans or intentions to raise additional funds by way of the sale of additional securities. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.
Off-Balance Sheet Arrangements
We have no 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, and capital expenditures or capital resources that are material to stockholders.
| 6 |
| Table of Contents |
Item 3. Quantitative and Qualitative Disclosures About Market Risk
As a “smaller reporting company”, we are not required to provide the information required by this Item.
Item 4. Controls and Procedures
Management’s Report on Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and President (who is also our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.
As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer (who is also our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our Chief Executive Officer and President (who is also our principal executive officer and principal financial officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.
The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, (2) lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (3) inadequate segregation of duties consistent with control objectives; and (4) management dominated by a single individual without adequate compensating controls. The aforementioned material weaknesses were identified by our Chief Executive Officer and Chief Financial Officer (who is also our principal executive officer and principal financial officer) in connection with the review of our financial statements as of December 31, 2019.
Management believes that the material weaknesses set forth above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.
Changes in Internal Control Over Financial Reporting
There have been no changes in our internal controls over financial reporting that occurred during the period ended December 31, 2019, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.
| 7 |
| Table of Contents |
From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we area party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.
As a “smaller reporting company”, we are not required to provide the information required by this Item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
None.
| 8 |
| Table of Contents |
Exhibit Number |
| Description |
(31) |
| Rule 13a-14 (d)/15d-14d) Certifications |
| ||
(32) |
| Section 1350 Certifications |
| ||
101* |
| Interactive Data File |
101.INS |
| XBRL Instance Document |
101.SCH |
| XBRL Taxonomy Extension Schema Document |
101.CAL |
| XBRL Taxonomy Extension Calculation Linkbase Document |
101.DEF |
| XBRL Taxonomy Extension Definition Linkbase Document |
101.LAB |
| XBRL Taxonomy Extension Label Linkbase Document |
101.PRE |
| XBRL Taxonomy Extension Presentation Linkbase Document |
__________
* Filed herewith.
** Furnished herewith.
| 9 |
| Table of Contents |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BALLY, CORP. |
| |
| (Registrant) |
| |
|
| ||
Dated: February 11, 2020 |
| /s/ Haiping Hu |
|
|
| ||
| Chief Executive Officer, Chief Financial Officer, Secretary and Director |
| |
| (Principal Executive Officer, Principal Financial |
| |
|
| Officer and Principal Accounting Officer) |
|
| 10 |
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 2/11/20 | |||
| 2/4/20 | ||||
| For Period end: | 12/31/19 | |||
| 12/18/19 | 10-K/A | |||
| 9/30/19 | 10-K, 10-K/A | |||
| 12/31/18 | 10-Q | |||
| 9/30/18 | 10-K | |||
| 4/16/18 | ||||
| 4/4/18 | 3, 8-K | |||
| 6/8/17 | 8-K | |||
| 6/24/16 | 8-K | |||
| 3/13/13 | ||||
| List all Filings | ||||