Filed On 1/29/08 11:53am ET · SEC File 333-140806 · Accession Number 1255294-8-89
As Of Filer Filing As/For/On Docs:Pgs Issuer Agent
1/29/08 Capital City Energy Group/Inc 10KSB 10/31/07 5:72 Cane Clark LLP
Document/Exhibit Description Pages Size
1: 10KSB Mainbody HTML 261K
2: EX-3.3 Articles of Incorporation/Organization or By-Laws HTML 56K
3: EX-31.1 Certification per Sarbanes-Oxley Act (Section 302) HTML 11K
4: EX-31.2 Certification per Sarbanes-Oxley Act (Section 302) HTML 11K
5: EX-32.1 Certification per Sarbanes-Oxley Act (Section 906) HTML 7K
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- Alternative Formats (RTF, XML, et al.)
- Certain Relationships and Related Transactions, and Director Independence
- Changes In and Disagreements With Accountants on Accounting and Financial Disclosure
- Consolidated Balance Sheets as of October 31, 2007 and 2006
- Consolidated Statement of Stockholders Equity (Deficit) and Comprehensive Loss for period from November 1, 2005 (Inception) to October 31, 2007
- Consolidated Statements of Cash Flows -- Year Ended October 31, 2007 and 2006 and period from November 1, 2005 (Inception) to October 31, 2007
- Consolidated Statements of Operations Year Ended October 31, 2007 and 2006 and period from November 1, 2005 (Inception) to October 31, 2007
- Controls and Procedures
- Description of Business
- Description of Property
- Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act
- Executive Compensation
- Exhibits
- F-1
- F-2
- F-3
- F-4
- F-5
- F-6
- Financial Statements
- Item 1
- Item 10
- Item 11
- Item 12
- Item 13
- Item 14
- Item 2
- Item 3
- Item 4
- Item 5
- Item 6
- Item 7
- Item 8
- Item 8A
- Item 8B
- Item 9
- Legal Proceedings
- Management s Discussion and Analysis or Plan of Operation
- Market for Common Equity and Related Stockholder Matters and Small Business Issuer Purchases of Equity Securities
- Notes to Consolidated Financial Statements
- Other Information
- Principal Accountant Fees and Services
- Report of Independent Registered Public Accounting Firm
- Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
- Submission of Matters to a Vote of Security Holders
- Table of Contents
- Year Ended October 31, 2007 and 2006 and period from November 1, 2005 (Inception) to October 31, 2007
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| 1 | 1st Page
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| " | Table of Contents
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| " | Item 1
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| " | Description of Business
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| " | Item 2
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| " | Description of Property
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| " | Item 3
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| " | Legal Proceedings
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| " | Item 4
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| " | Submission of Matters to a Vote of Security Holders
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| " | Item 5
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| " | Market for Common Equity and Related Stockholder Matters and Small Business Issuer Purchases of Equity Securities
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| " | Item 6
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| " | Management s Discussion and Analysis or Plan of Operation
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| " | Item 7
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| " | Financial Statements
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| " | F-1
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| " | Report of Independent Registered Public Accounting Firm
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| " | F-2
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| " | Consolidated Balance Sheets as of October 31, 2007 and 2006
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| " | F-3
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| " | Consolidated Statements of Operations Year Ended October 31, 2007 and 2006 and period from November 1, 2005 (Inception) to October 31, 2007
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| " | F-4
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| " | Consolidated Statement of Stockholders Equity (Deficit) and Comprehensive Loss for period from November 1, 2005 (Inception) to October 31, 2007
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| " | F-5
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| " | Consolidated Statements of Cash Flows -- Year Ended October 31, 2007 and 2006 and period from November 1, 2005 (Inception) to October 31, 2007
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| " | F-6
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| " | Notes to Consolidated Financial Statements
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| " | Item 8
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| " | Changes In and Disagreements With Accountants on Accounting and Financial Disclosure
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| " | Item 8A
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| " | Controls and Procedures
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| " | Item 8B
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| " | Other Information
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| " | Item 9
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| " | Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act
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| " | Item 10
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| " | Executive Compensation
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| " | Item 11
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| " | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
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| " | Item 12
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| " | Certain Relationships and Related Transactions, and Director Independence
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| " | Item 13
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| " | Exhibits
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| " | Item 14
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| " | Principal Accountant Fees and Services
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This is an EDGAR HTML document rendered as filed. [ Alternative Formats ]
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
10-KSB
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[X]
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ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 |
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For
the fiscal year ended October
31, 2007 |
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[ ]
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT |
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For
the transition period from _________ to ________
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CAPITAL
CITY ENERGY
GROUP, INC.
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(Name
of small business issuer in its charter)
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20-5131044
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification No.)
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11741
Costa Blanca
Ave. Las Vegas, NV
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89135
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(Address
of principal executive offices)
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(Zip
Code)
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Issuer’s
telephone number: (702)
592-8737
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registered under Section 12(b) of the Exchange Act: |
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Title
of each class
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Name
of each exchange on which registered
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None
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Not
Applicable
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registered under Section 12(g) of the Exchange Act: |
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None
(Title
of class)
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Check
whether the Issuer (1) filed all reports required to be filed by Section 13
or
15(d) of the Securities Exchange Act during the past 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days. Yes
[X] No
[ ]
Check
if
disclosure of delinquent filers in response to Item 405 of Regulation S-B is
not
contained in this form, and no disclosure will be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment
to
this Form 10-KSB [ ]
Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes [X] No
[ ]
State
issuer’s revenue for its most recent fiscal year. $1,893
State
the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the average bid and asked price of
such
common equity, as of a specified date within the past 60
days. Not Available
State
the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date. 9,960,000 Common Shares as
of October
31, 2007
Transitional
Small Business Disclosure Format (Check One): Yes: __; No X
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PART
I
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PART
II
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PART
III
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PART
I
I tem
1. Description of Business
Overview
We
were
formed on June 27, 2006 to engage in the business of designing, marketing and
distributing handcrafted baby blankets and other accessories made from quality
fabrics. Our business operations have been conducted through our wholly owned
subsidiary, Baby Dot LLC, a limited liability company incorporated under the
laws of the State of Nevada. On August 15, 2006, we acquired Baby Dot, LLC
from
Ms. Jennie Slade, our officer and director, in exchange for 2,000,000 shares
of
our common stock. In that acquisition, we acquired all assets of the limited
liability company, including our website, an existing but limited inventory
of
products, and all rights to the BabyDot designs.
Through
our subsidiary, we introduced our blanket products in November of 2005, starting
with our large 40” by 40” blanket, and later with our smaller 30” by 30”
blanket. Our business strategy was to sell quality blankets to the premium
market in order to generate higher gross margins and offer significant growth
potential. We have sought to indentify a brand image based on superior fabric
designs, quality and style. We have carefully selected stylish modern prints
and
fabrics that we manufactured into a comfortable line of baby blankets. To make
our products stand out from others, we have labeled our blankets with a BabyDot
logo and design and hand-wrapped them with a satin ribbon prior to
delivery.
Because
we have not had enough product demand to necessitate large scale manufacturing,
our strategy has been to hire talented woman to handcraft each blanket, the
majority of which are stay-at-home moms. Every product has been made with great
care and attention to detail. Our top priority was a happy
consumer.
Since
our
inception, we have sought to diversify our product line. We have added several
products, including children’s clothing, bibs, burp cloths, hats, and other baby
accessories. We have also expanded our business to include baby announcements
of
births, blessings, birthdays, and other important events. Yet despite our
efforts to grow, we have only achieved limited sales to date. Our limited sales
since November 2005 have largely been the result of the personal efforts of
our
President, CEO and Director, Ms. Jennie Slade. We developed a website and blog
to promote our products, but the bulk of our sales were the result of word
of
mouth marketing and small vendor shows.
Because
demand for our products has been very limited, we have put a hold on our search
to develop large-scale manufacturing from third party sources. In order to
reserve needed capital to survive, we have also halted specific plans to
implement our business plan, including expanding the creativity and
functionality of our website, attending the ABC Kids Expo, and other
plans.
As
of the
date of this annual, we are unsure whether our business will continue as a
going
concern. We have very limited revenues, and the bulk of our cash is from
investor funds, which is slowly being depleting with operating expenses
associated with running our business and fulfilling our reporting obligations
as
a public company.
With
these obstacles, our board of directors has rethought moving forward with
the
company’s current line of business and is considering other
options. Our management is now actively looking for other business
opportunities for us to pursue. We have entered into negotiations to acquire
the
business operations of Capital City Petroleum, Inc., a Delaware corporation
(“CCP”). Moving forward in this direction, on January 21, 2007, we changed our
name to Capital City Energy Group, Inc., a Nevada corporation. On January
24,
2008, we also filed a Certificate of Designation with the Nevada Secretary
of
State relating to the establishment of Series A Preferred Stock. The Certificate
of Designation sets forth the voting powers, designations, preferences,
limitations and relative rights of the Series A Preferred Stock. A copy of
the
Certificate of Designation is attached to this Annual Report as Exhibit 3.1
and
is incorporated herein by reference.
Notwithstanding
the name change, the establishment of a series of preferred stock and extensive
negotiations with CCP, we still have not finalized an acquisition transaction
with that company. We anticipate that should such an opportunity arise, our
business direction will change. There can be no assurance that our efforts
to
acquire such an opportunity will be successful.
Item
2. Description of Property
We
own no real property. We maintain our corporate
office at
11741 Costa Blanca
Ave. Las Vegas, NV. Our President, CEO
and Director, Ms.
Jennie Slade, provides this space to our company free of
charge.
I tem
3. Legal Proceedings
We
are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.
I tem
4. Submission of Matters to a Vote of Security
Holders
No
matters have been submitted to our security holders for a vote, through the
solicitation of proxies or otherwise, during the fourth quarter of the fiscal
year ended October 31, 2007.
PART
II
Item
5. Market for Common Equity and Related Stockholder
Matters and Small Business Issuer Purchases of Equity
Securities
Market
Information
Our
common stock is currently quoted on
the OTC Bulletin Board(“OTCBB”),
which is sponsored by the
NASD. The OTCBBis
a network of security dealers who buy
and sell stock. The dealers are connected by a computer network that
provides information on current "bids" and "asks", as well as volume
information. Our shares are quoted on the OTCBBunder
the symbol “BBYD.OB.”
The
following table sets forth the range of high and low bid quotations for our
common stock for each of the periods indicated as reported by the
OTCBB. These quotations reflect inter-dealer prices, without retail
mark-up, mark-down or commission and may not necessarily represent actual
transactions.
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Quarter
Ended
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High
$
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Low
$
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n/a
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n/a
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$0
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$0
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Penny
Stock
The
SEC
has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities
with
a market price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or system. The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock, to deliver a
standardized risk disclosure document prepared by the SEC, that: (a) contains
a
description of the nature and level of risk in the market for penny stocks
in
both public offerings and secondary trading; (b) contains a description of
the
broker's or dealer's duties to the customer and of the rights and remedies
available to the customer with respect to a violation of such duties or other
requirements of the securities laws; (c) contains a brief, clear, narrative
description of a dealer market, including bid and ask prices for penny stocks
and the significance of the spread between the bid and ask price; (d) contains
a
toll-free telephone number for inquiries on disciplinary actions; (e) defines
significant terms in the disclosure document or in the conduct of trading in
penny stocks; and (f) contains such other information and is in such form,
including language, type size and format, as the SEC shall require by rule
or
regulation.
The
broker-dealer also must provide, prior to effecting any transaction in a penny
stock, the customer with (a) bid and offer quotations for the penny stock;
(b)
the compensation of the broker-dealer and its salesperson in the transaction;
(c) the number of shares to which such bid
and
ask
prices apply, or other comparable information relating to the depth and
liquidity of the market for such stock; and (d) a monthly account statement
showing the market value of each penny stock held in the customer's
account.
In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment
for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions involving
penny stocks, and a signed and dated copy of a written suitability
statement.
These
disclosure requirements may have the effect of reducing the trading activity
for
our common stock. Therefore, stockholders may have difficulty selling our
securities.
Holders
of Our Common Stock
As
of
October 31, 2007, we had approximately thirty (30) holders of record of our
common stock.
Dividends
There
are
no restrictions in our articles of incorporation or bylaws that restrict us
from
declaring dividends. The Nevada Revised Statutes, however, do prohibit us from
declaring dividends where, after giving effect to the distribution of the
dividend:
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1.
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We
would not be able to pay our debts as they become due in the usual
course
of business; or
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2.
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Our
total assets would be less than the sum of our total liabilities,
plus the
amount that would be needed to satisfy the rights of shareholders
who have
preferential rights superior to those receiving the distribution.
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Recent
Sales of Unregistered Securities
None.
Securities
Authorized for Issuance Under Equity Compensation Plans
We
have
no equity compensation plans.
I tem
6. Management’s
Discussion and Analysisor Plan of
Operation
Forward-Looking
Statements
Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934. These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions. We intend such
forward-looking statements to
be covered by the
safe-harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including
this statement for purposes of
complying with those safe-harbor provisions. Forward-looking
statements are based on current expectations and assumptions that are subject
to
risks and uncertainties which may cause actual results to differ materially
from
the forward-looking statements. Our
ability to predict results or the
actual effect of future
plans or strategies is inherently uncertain. Factors
which could have a material
adverse affect on our
operations and future prospects on a
consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability
of capital,
interest rates, competition, and
generally accepted accounting
principles. These risks and uncertainties should also be
considered in evaluating
forward-looking statements and undue reliance should not be placed on
such
statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise. Further
information concerning our
business, including additional factors
that could materially
affect our
financial results, is included herein
and in our
other filings with the SEC.
Plan
of Operation in the Next 12 Months
We
currently have limited business activities. While we still plan to offer our
products to purchasing consumers, our long term plan is to identify and evaluate
other business opportunities and make arrangements to acquire one that is
consistent with our expertise and income needs. At the present time, we have
not
identified any other business opportunities that management believes is
consistent with our expertise and income needs.
We
can
provide no assurance that we will be successful in finding other business
opportunities due to our limited working capital. We anticipate that if we
are
successfully able to identify a business opportunity, we will require additional
financing in order to enable us to complete the acquisition. However, we can
provide no assurance that if we pursue additional financing we will receive
any
financing.
We
currently have forecasted the expenditure of approximately $20,000 during the
next six to twelve months in order to remain in compliance with the reporting
requirements of the Securities Exchange Act of 1934 and to identify additional
businesses for acquisition. The completion of our business plan for the next
12
months is contingent upon us obtaining additional financing. If
we
are
unable to obtain additional financing, our business plan will be significantly
impaired. We do not have any formal commitments or arrangements for the sales
of
stock or the advancement or loan of funds. Without the necessary cash flow,
we
will not be able to pursue our plan of operations until such time as the
necessary funds are raised in the equity securities market. If we are successful
and identify a business to acquire, we will need additional financing to
complete this acquisition.
We
do not
anticipate purchasing any real property or significant equipment during the
next
12 months.
At
the
present time we have no employees other than our sole officer and director,
Ms.
Jennie Slade. We do not anticipate hiring any employees until such time as
we
are able to acquire any additional businesses.
We
generated $1,893 in revenue for the year ended October 31, 2007, compared with
$
1,880 for the same period ended October 31, 2006. Our revenue during both
periods was generated by sales of our BabyDot blankets and baby-accessory
products.
Our
cost
of goods sold was $1,863 for the year ended October 31, 2007, as opposed to
$1,016 for the same period ended 2006. Our gross profits were negligible for
both periods and suggest that our business plan may not be viable in the long
term.
We
incurred operating expenses in the amount of $17,412 for the year ended October
31, 2007, compared to $6,489 for the same period ended 2006. These operating
expenses are primarily attributable to general and administrative expenses
associated with the development of our business, legal expenses, and consulting
fees.
The
drastic increase in operating expenses for the year ended October 31, 2007,
compared with the same period in 2006 is a result of management’s use of
proceeds, acquired in our private equity offering in late 2006, to grow and
develop our business. Increased funds were also used to pay for the increased
expenses associated with being a reporting company under the Securities Exchange
Act of 1934.
We
incurred a loss in the amount of $17,382 for the year ended October 31, 2007,
compared to $5,625 for the same period ended 2006.
Liquidity
and Capital Resources
As
of
October 31, 2007, we had total current assets of $7,131. Our total current
liabilities as of October 31, 2007 were $8,999. Thus, we had a working capital
deficit of $1,868 as of October 31, 2007. As demonstrated above, we expect
to
spend upwards of $20,000 during the next six to twelve months in order to remain
in compliance with the reporting requirements of the Securities Exchange Act
of
1934 and to identify additional businesses for acquisition.
We
currently do not have enough cash to satisfy our minimum cash requirements
for
the next twelve months. This raises substantial doubt about our ability to
continue as a going concern. Our ability to continue as a going concern is
dependent on our ability to raise additional capital based upon the company’s
desired plan of operation. Our financial statements do not include any
adjustments that might be necessary if we are unable to continue as a going
concern.
As
discussed above, the completion of our business plan for the next 12 months
is
contingent upon us obtaining additional financing. We do not anticipate meeting
the financing requirements of our current business plan. Thus, we are currently
negotiating to acquire other business opportunities, unrelated to our current
business operations. We anticipate that we will also need additional financing
to acquire another business. If we are unable to obtain additional financing,
our business plan and our ability to acquire another business and continue
as a
going concern will be significantly impaired. We do not have any formal
commitments or arrangements for the sales of stock or the advancement or loan
of
funds. Without the necessary cash flow, we will not be able to pursue our plan
of operations or any plan of operations until such time as the necessary funds
are raised in the equity securities market.
Off
Balance Sheet Arrangements
Going
Concern
The
Company’s financial statements are prepared using generally accepted accounting
principles in the United States of America applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business. The Company has not yet established an ongoing source
of revenues sufficient to cover its operating costs and allow it to continue
as
a going concern. The ability of the Company to continue as a going concern
is
dependent on the Company obtaining adequate capital to fund operating losses
until it becomes profitable. If the Company is unable to obtain adequate
capital, it could be forced to cease operations.
In
order
to continue as a going concern, the Company will need, among other things,
additional capital resources. Management’s plan is to obtain such resources for
the Company by obtaining capital from management and significant shareholders
sufficient to meet its minimal operating expenses and seeking equity and/or
debt
financing. However management cannot provide any assurances that the Company
will be successful in accomplishing any of its plans.
The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going
concern.
I tem
7. Financial Statements
Index
to
Financial Statements:
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Audited
Financial Statements:
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MOORE
&
ASSOCIATES,
CHARTERED
ACCOUNTANTS
AND
ADVISORS
REPORT
OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The
Board of
Directors
Capital
City Energy Group,
Inc.
(fka
The Baby Dot
Company)
Las
Vegas, Nevada
We
have audited the accompanying balance
sheet of Capital City
Energy Group, Inc. (fka The Baby Dot Company)as of October
31, 2007
and 2006 and the related statements
of operations, stockholders'
equity (deficit)and
cash flows
for the years ended October
31, 2007
and 2006 and from inception on
November 1, 2005 through October 31, 2007. These financial statements
are the
responsibility of the Company's management. Our responsibility
is to express an opinion
on these financial statements
based on our
audit.
We
conducted our audit in accordance
with the standards of the Public Company Accounting
Oversight Board in the
United States of
America. Those
standards require
that we plan and perform the
audit to obtain reasonable assurance about whether
the financial statements are
free of material misstatement. An
audit includes examining, on a test
basis, evidence supporting the amounts and
disclosures in the financial
statements. An audit also includes assessing
the accounting principles used
and significant estimates made by management,
as well as evaluating the
overall financial statement presentation. We
believe that our audit provides a
reasonable basis for our opinion.
In
our opinion, the financial statements
referred to above present fairly,
in all material respects, the
financial position of Capital City Energy
Group, Inc. (fka The
Baby Dot Company)as of
October
31, 2007 and
2006 and the results of
its
operations and
its cash flows for the years ended
October 31,
2007 and
2006 and from inception on November
1, 2005 through October 31, 2007 in conformity with
accounting principles generally
accepted in the United States of America.
The
accompanying financial statements
have been prepared assuming the Company will continue as a going concern.
However, in order for the Company to continue as a going concern, the
Company will need, among other things, additional capital resources and developing a consistent
source of revenues. Management's
plans regarding those matters are described in Note 3. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.
/s/
Moore & Associates,
Chartered
Las
Vegas, Nevada
(FKA
THE BABY DOT
COMPANY)
(A
Development Stage
Company)
Balance
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|
Cash
|
$ |
7,131 |
|
|
$ |
5,014 |
|
Prepaid
expenses
|
|
- |
|
|
|
5 |
|
Inventory
|
|
- |
|
|
|
1,147 |
| |
|
|
|
|
|
|
|
Total
Current
Assets
|
|
7,131 |
|
|
|
6,166 |
| |
|
|
|
|
|
|
|
PROPERTY
AND EQUIPMENT,
net
|
|
661 |
|
|
|
- |
| |
|
|
|
|
|
|
|
TOTAL
ASSETS
|
$ |
7,792 |
|
|
$ |
6,166 |
| |
|
|
|
|
|
|
|
LIABILITIES
AND STOCKHOLDERS' EQUITY (DEFICIT)
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Accounts
payable
|
$ |
1,250 |
|
|
$ |
2,303 |
|
Advances
from related
parties
|
|
7,749 |
|
|
|
2,488 |
| |
|
|
|
|
|
|
|
Total
Current
Liabilities
|
|
8,999 |
|
|
|
4,791 |
| |
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY
(DEFICIT)
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Common
stock: $0.001 par value;
90,000,000
shares authorized, 9,960,000 and 7,000,000
shares issued and outstanding, respectively
|
|
9,960 |
|
|
|
7,000 |
|
Additional
paid-in
capital
|
|
11,840 |
|
|
|
- |
|
Deficit
accumulated during the
development stage
|
|
(23,007) |
|
|
|
(5,625) |
| |
|
|
|
|
|
|
|
Total
Stockholders' Equity (Deficit)
|
|
(1,207) |
|
|
|
1,375 |
| |
|
|
|
|
|
|
|
TOTAL
LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT)
|
$ |
7,792 |
|
|
$ |
6,166 |
The
accompanying
notes are an integral part of these financial
statements.
(FKA
THE BABY DOT
COMPANY)
(A
Development Stage
Company)
Statements
of
Operations
| |
For
the Year
Ended
October
31,
|
|
|
| |
|
|
2006
|
|
2007
|
| |
|
|
|
|
|
|
REVENUES
|
$ |
1,893 |
|
$ |
1,880 |
|
$ |
3,773 |
|
COST
OF
SALES
|
|
1,863 |
|
|
1,016 |
|
|
2,879 |
|
GROSS
MARGIN
|
|
30 |
|
|
864 |
|
|
894 |
| |
|
|
|
|
|
|
|
|
|
OPERATING
EXPENSES
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
General
and
administrative
|
|
17,412 |
|
|
6,489 |
|
|
23,901 |
| |
|
|
|
|
|
|
|
|
|
Total
Operating
Expenses
|
|
17,412 |
|
|
6,489 |
|
|
23,901 |
| |
|
|
|
|
|
|
|
|
|
NET
LOSS
|
$ |
(17,382) |
|
$ |
(5,625) |
|
$ |
(23,007) |
| |
|
|
|
|
|
|
|
|
|
BASIC
LOSS PER
SHARE
|
$ |
(0.00) |
|
$ |
(0.00) |
|
|
|
| |
|
|
|
|
|
|
|
|
|
WEIGHTED
AVERAGE SHARES OUTSTANDING
|
|
8,986,849 |
|
|
2,797,260 |
|
|
|
The
accompanying
notes are an integral part of these financial
statements.
(FKA
THE BABY DOT
COMPANY)
(A
Development Stage
Company)
Statements
of Stockholders' Equity
(Deficit)
| |
Common
Stock
|
|
|
|
Deficit
Accumulated
During
the
Development
|
|
|
| |
Shares
|
|
|
Amount
|
|
Capital
|
|
Stage
|
|
Equity
|
| |
|
|
|
|
|
|
|
|
|
|
|
Balance,
< |
