UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,Washington, D.C. 20549

FORM 10-K

(Mark One)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2021

Or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 333-157783

FLOWERKIST SKIN CARE AND COSMETICS, INC.

f/k/a 3D Makerjet, Inc.

(Exact name of registrant as specified in its charter)

 X.

Nevada

ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

26-4083754

For the fiscal year endedJuly 31, 2015

.

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

For the transition period from _________ to ________

Commission file number:333-157783

3D MakerJet, Inc.

(Exact name of registrant as specified in its charter)

Nevada

26-4083754

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

4303 Vineland Rd. F2, Orlando, Florida30211 Avendia De Las Banderas,
Suite 200 Rancho Santa Margarita, CA

3281192688

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number:(407) 930-0807

Registrant’s telephone number, including area code (949) 525-3278

Securities registered pursuant to Section 12(b) of the Act:

Securities registered under Section 12(b) of the Exchange Act

Title of each class

Trading Symbol(s)Name of each exchange on which registered

None

N/A

not applicable

Securities registered under Section 12(g) of the Exchange Act:

Title of each class

None

N/A

N/A

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes.   ☒ No X.

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes X.   ☒ No.

Indicate by checkmarkcheck 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.Yes.   ☒ No X.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).Yes X.   ☒ No.

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not 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-K or any amendment to this Form 10-K. X.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”filer,” “smaller reporting company,” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company

Large accelerated filer.   Accelerated filer.   Non-accelerated filer.   SmallerIf 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 has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting company X.under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Act.) Yes. ☒   No X.





State theThe aggregate market value of the registrant’s voting and non-voting common equity 130,212 shares held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of theon June 30, 2021 (the last business day of the registrant’s most recently completed second fiscal quarter.Not available.quarter was approximately $2,994,876 computed by reference to the closing sales price of the shares of common stock on June 30, 2021 which was $23.00.

Indicate theThe number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. 291,200,000 as of October 30, 2015.


April 15, 2022, was 130,212 shares.



2DOCUMENTS INCORPORATED BY REFERENCE — NONE




TABLE OF CONTENTS



FORM 10-K

Page

PAGE NO.

PART I

Item 1.

Business

4

Item 2.

1.

Properties

Business.

6

1

Item 3.

1A.

Legal Proceedings

Risk Factors.

7

3

Item 1B.

Unresolved Staff Comments.7
Item 2.Properties.8
Item 3.Legal Proceedings.8
Item 4.

Mine Safety Disclosures

Disclosures.

7

8


PART II

PART II

Item 5.

Market for Registrant’s Common Equity, and Related Stockholder Matters, and Issuer Purchases of Equity Securities

Securities.


7

9

Item 6.

Selected Financial Data

Data.

7

9

Item 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Operations.

8

10

Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Risk.

9

11

Item 8.

Financial Statements and Supplementary Data

Data.

10

F-1

Item 9.

Changes Inin and Disagreements Withwith Accountants on Accounting and Financial Disclosure

Disclosure.

11

12

Item 9A.

Controls and Procedures

Procedures.

11

12

Item 9B.

Other Information

Information.

12

13

PART III

Item 10.

Directors, Executive Officers and Corporate Governance

Governance.

13

14

Item 11.

Executive Compensation

Compensation.

14

15

Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Matters.

15

Item 13.

Certain Relationships and Related Transactions, and Director Independence

Independence.

15

16

Item 14.

Principal AccountantAccounting Fees and Services

Services.

16


PART IV

PART IV

Item 15.

Exhibits, Financial Statement Schedules

Schedules.

16

17
Item 16.Form 10-K Summary.
Signatures.18


i

 




Part I


PART ICAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Information contained in this transition report on Form 10-K contains “forward-looking statements.” These forward-looking statements are contained principally in the sections titled “Business,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project” or the negative of these words or other variations on these words or comparable terminology. The forward-looking statements herein represent our expectations, beliefs, plans, intentions, or strategies concerning future events, including, but not limited to; our future financial performance; the continuation of historical trends; the sufficiency of our resources in funding our operations; our intention to engage in mergers and acquisitions; and our liquidity and capital needs. Our forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. Moreover, our forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks of limited management, labor, and financial resources; our ability to establish and maintain adequate internal controls; our ability to develop and maintain a market in our securities; and our ability obtain financing, if and when needed, on terms that are acceptable. Except as required by applicable laws, we undertake no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

As used in this transition report on Form 10-K, “ we,” “our,” “us” and the “Company” refer to Flowerkist Skin Care and Cosmetics, Inc., a Nevada corporation and its subsidiaries unless the context requires otherwise.

Item 1. BusinessBusiness.


OverviewRecent Developments


Change in Fiscal Year-End

On January 29, 2021, the Board of Directors of Flowerkist Skin Care and Cosmetics, Inc., (the “Company”) approved the change in the Company’s fiscal year end from July 31 to December 31.

Coronavirus (COVID-19)

On March 11, 2020, the World Health Organization declared the COVID-19 outbreak to be a global pandemic which continues to spread throughout the U.S. and the globe. In addition to the devastating effects on human life, the pandemic is having a negative ripple effect on the global economy, leading to disruptions and volatility in the global financial markets. Most U.S. states and many countries have issued policies intended to stop or slow the further spread of the disease such as issuing temporary Executive Orders that, among other stipulations, effectively prohibit in-person work activities for most industries and businesses, having the effect of suspending or severely curtailing operations. COVID-19 and the U. S’s response to the pandemic are significantly affecting the economy. There are no comparable events that provide guidance as to the effect the COVID-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. The extent of the ultimate impact of the pandemic on the Company’s operational and financial performance will depend on various developments, including the duration and spread of the outbreak, which cannot be reasonably predicted at this time. Accordingly, while management reasonably expects the COVID-19 outbreak to negatively impact the Company, the related consequences and duration are highly uncertain and cannot be predicted at this time.

History and Overview

We arewere formerly a Nevada corporation based out of Orlando, Florida. We intended to participate in cutting edge development and import and sell state of the art 3D printers, scanners, and ancillary equipment. Our mission iswas to provide individual and corporate customers with the most advanced and reliable cutting edge 3D printing technology in the most cost effective packages available in the marketplace at whatever level is appropriate for their needs. We want our business to be the “go to” vendor of 3D printers for individuals and businesses. Our focus iswas on the development of powderless metal and medical printers and printing technology.


1

The 3D printing industry is in its very early stages but is already getting more press and generating more excitement than almost any other technological development of recent years. It is not often that a new idea is constantly described as moving the goalposts for the way we actually live our lives. Amidst all the press and the hype, the reality of what the technology is capable of and the speed of its improvement is breathtaking.


We arewere committed to supplying the best plastic, medical, culinary, and powderless metal 3D printers in the industry, and we are supplied by one of the largest and most experienced 3D printing research, development, and manufacturing entities in the world. 3D MakerJet’s research and development partner and manufacturer, ZBOT / Guangzhou DNSPOWER Design Co. LTD, was founded in 2000, and is a leader in the 3D printing industry. A cutting-edge developer in the manufacturing sector, ZBOT won the coveted CDA National Design Award for its ZBOT 3D Printer, which is the platform of the 3D MakerJet printer line, making their 3D printer the only CDA winner at the Civilian level, reectingreflecting the productsproduct’s superior quality, as well as the manufacturer'smanufacturer’s comprehensive strength, commitment, and capabilities.


ManufacturingWe have been dormant since January 2016.


On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. David Lazar is the managing member of Custodian.

On July 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.

On January 29, 2021, the Board of Directors of Company approved the change in the Company’s fiscal year end from July 31 to December 31. As required, the Company will file a transition report on Form 10-K covering the transition period with the Securities and Exchange Commission.

On March 20, 2014, 3D MaketJet Asia Ltd. entered into22, 2021, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share were transferred from Custodian Ventures, LLC to Flowerkist Inc. (the “Purchaser”). As a result, the Purchaser became an agreement with our Chinese manufacturer and developer, ZBOT / Guangzhou, for all of our products. We subsequently acquired 3D MakerJet Asia. The agreement is for two years and may be terminated on 30 days’ notice in the event of an uncured breach. We have a good working relationship with our manufacturer.


We will pursue intellectual property rights in the United States, where applicable, to endeavor to protect the technology and know-how belonging to the manufacturer. Under the agreement, we are responsible to maintain minimum orders, warehouse purchased product, and conduct all marketing and selling efforts in the United States.


Products and Services


Products:


Our 3D Printers


The 3D Makerjet Originator i1 is a state-of-the-art 3D printer that can utilize almost anyapproximately 70% holder of the currently manufactured plastic filaments supplied to the industry. It does, however, come with its own proprietary filament that we believe is head and shoulders above the rest in terms of quality and ease of use. The Originator’s power feed system ensures smooth and continuous function and accurate and detailed reproduction. We believe the Originator outperforms almost any printer not only at its price point but those that cost twice as much. It is an advanced machine at an entry level price. The Originator i1 has print dimensions of 150x150x140mm and weighs only 8 kg. We also carry larger models capable of building bigger objects. The Originator i2 handles print dimensions of 250x150x140mm. The Originator 35 has print dimensions of 250x250x350mm. The Originator 46 does 350x350x460mm in PLA only. The Originator 50 will print 500x500x500mm. The Originator D1 is smaller, even less expensive model designed for school and institutional use is available now. We also can supply custom printers in any size variation. ZBOT has manufactured printers up to a size of 28’x 28’ x 10’.




 

Model

Originator D1

Originator i1

Originator i2

Originator 35

Originator 46

Originator 50

Print Dimensions

100 x 100 y 100 z

150 x 150 y 140 z mm

250 x 150 y 140 z mm

250 x 250 y 350 z mm

350 x 350 y 460 z mm

500 x 500 y 500 z mm

Overall

Dimensions

L) 350 mm

W) 340 mm

H) 380 mm

L) 375 mm

W) 370 mm

H) 380 mm

L) 475 mm

W) 270 mm

H) 380 mm

L) 590 mm

W) 522 mm

H) 710 mm

L) 490 mm

W) 420 mm

H) 740 mm

L) 640 mm

W) 570 mm

H) 800 mm

Weight

13 kg

16.7 kg

18 kg

30 kg

44 kg

50 kg

Layer Thickness

0.1 - 0.5 m (Adjustable)

0.1 - 0.5 m (Adjustable)

0.1 - 0.5 m (Adjustable)

0.1 - 0.5 m (Adjustable)

0.1 - 0.5 m (Adjustable)

0.1 - 0.5 m (Adjustable)

Precision

±0.1mm - 100mm

±0.1mm - 100mm

±0.1mm - 100mm

±0.1mm - 100mm

±0.1mm - 100mm

±0.1mm - 100mm

Speed

30 - 100mm

per second

30 - 100mm

per second

30 - 100mm

per second

25 - 250mm

per second

25 - 200mm

per second

25 - 200mm

per second

Wattage

250 W

250 W

250 W

250 W

250 W

250 W

Nozzle Temperature

40 - 200

adjustable

40 - 250

adjustable

40 - 250

adjustable

40 - 250

adjustable

40 - 200

adjustable

40 - 200

adjustable

Power Supply

VAC 50/60hz


110V-220V

VAC 50/60hz


110V-220V

VAC 50/60hz


110V-220V

VAC 50/60hz


110V-220V

VAC 50/60hz


110V-220V

VAC 50/60hz


110V-220V

Material

PLA

ABS / PLA

ABS / PLA

ABS

PLA

PLA

Suggested Price

$399

$799

$999

$5,499

$5,999

$6,799


Originator i1 currently retails for $799 plus tax and shipping. All i1 orders are fulfilled out of our warehouse facility at our corporate offices, located in Orlando, Florida. Shipping times and charges vary depending upon carrier chosen, but normal ground is 10-14 days.


Pipeline Products


Our research and development partner and manufacturer, ZBOT / Guangzhou, has created two additional printers: the Food Printer and the Powderless Metal Printer; and a full size scanner.


The Powderless Metal Printer is expected to be available for delivery by spring 2016 and will be able to use various metal stocks and won’t depend on the powdered alloys that so limit the effectiveness and scope of current metal printers. The preliminary size specifications for this new printer are expected to be approximately 3 feet tall, by 2 foot 6 inches wide.


The 3D MakerJet full size scanner is in our showroom and available for special order. This is a scanner capable of creating an image of a full grown human being or an object of equivalent size. This unit will come with its own standalone processor, display and proprietary software. Work on a hand sized small scanner is almost complete.


The new hand held Scanner H1 is also now available for special order and will be offered at a price that will be very attractive compared to the few similar sized scanners on the market.


Recent Developments


Our Website


We launched a new interactive website complete with social media integration and daily live chat product support. We use two platforms currently — Facebook and Twitter — because it gives us the opportunity to share in the excitement and joy our customers are feeling when their ideas are made real. The same goes for support, so our customers get the most out of their 3D printing experience.




Our Showroom


We have opened a showroom and corporate offices in Orlando, Florida, in the centervoting rights of the popular “imagine”issued and outstanding share capital of the United States. Located inCompany on a fully-diluted basis of the Quorum Center, our new showroom is strategically located inCompany and became the exciting nexus of neighboring stalwarts such as Universal Studios® and Disney Resorts®.


controlling shareholder. The new 3D showroom fronts the home offices, warehousing and fulfillment centerconsideration paid for the Company.


Competition


We compete with a number of well-established companies with more resources and brand name recognition than we have. A few of these include:


§

Dassault Systemes: (DASTY) With its SolidWorks software, France-based Dassault Systemes has oneShares was $250,000. The source of the best known software packagescash consideration for 3D designers and creators.


§

Stratasys/Makerbot: With its acquisitionthe Shares was personal funds of MakerBot, the company leaped into the consumer market, or at least the professional amateur (pro-am) market..


§

Autodesk: 3D printing is amazing, but you can’t print if you don’t have a digital file, a computer modeled version that communicatesPurchaser. In connection with the printer itself. That’s where AutoCAD softwaretransaction, David Lazar released the Company from Autodesk comesall debts owed to him.

On March 22, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Barry Clark consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

Barry Clark, 62, is the co-founder of Flowerkist, Inc., along with Stephanie Clark and the Chairman of the Board of Directors, which was founded in 2017. He also acts as a business mentor at CanopySD, a seed-stage mentorship-driven accelerator program for the legal cannabis industry in Southern California. Mr. Clark was the founder and managing director of Sussex Partners Investor Relations and Regal Barrington from 2004 through 2014.

On August 17, 2021, 3D Makerjet, Inc., amended its Articles of Incorporation change its name to Flowerkist Skin Care and Cosmetics, Inc. The change was made in anticipation of entering into play. The company supports major industries, inventors, entrepreneurs,a new line of business operations.

Also on August 17, 2021, the Company amended its articles of incorporation to reverse split its common stock at a rate of 1 for 1,000.

On September 14, 2021, Stephanie Parker was appointed as a director and even consumers with its appsas President and full suiteSecretary of software.the Company. Also, on September 14, 2021, Ms. Parker accepted such an appointment. Ms. Parker is not independent using the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the Securities and Exchange Commission. Ms. Parker was formerly married to Barry Clark.


§Employees

3D Systems: This company has captured the attention of many Wall Street analysts due to its product mix (mostly high end industrial 3D printers, but also a growing consumer line), strong patents, and its sales of high margin materials.


§

HP: A leader in the 2D printer market, and its market share was nearly 40% in 2013. The company believes that 3D printing is a natural progression of its 2D printer business, where it has a sizeable share.


§

Shapeways: The largest 3D printing marketplace in the world, and has brought millions of 3D printed products to market since its inception in 2007. While some companies like Makerbot are trying to bring cheap 3D printers to the masses, Shapeways thinks it can do 3D printing more cost-effectively by having makers offload that work to Shapeways’ 3D printers. Shapeways is aggressively working with companies like Adobe to bring 3D printing functionality to tools like Photoshop, and they continually refine their developer portal and API to ensure better 3D printing apps and tools are brought to market.


Employees


As of the date of this Current Report, the Company has 3no full-time employees.

2

Reports to Security Holders

We intend to furnish our shareholders’ annual reports containing financial statements audited by our independent registered public accounting firm and to make available quarterly reports containing unaudited financial statements for each of the first three quarters of each year. We file Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K with the Securities and Exchange Commission in order to meet our timely and continuous disclosure requirements. We may also file additional documents with the Commission if they become necessary in the course of our company’s operations.

The public may read and copy any materials that we file with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of that site is www.sec.gov.

Item 1A. Risk Factors.

YOU SHOULD CAREFULLY CONSIDER THE RISKS AND UNCERTAINTIES DESCRIBED BELOW AND THE OTHER INFORMATION CONTAINED OR INCORPORATED BY REFERENCE IN THIS TRANSITION REPORT ON FORM 10-K BEFORE DECIDING WHETHER TO INVEST IN THE COMPANY’S COMMON STOCK. ADDITIONAL RISKS AND UNCERTAINTIES NOT PRESENTLY KNOWN TO THE COMPANY OR THAT THE COMPANY CURRENTLY DEEMS IMMATERIAL MAY ALSO IMPAIR THE COMPANY’S BUSINESS OPERATIONS. IF ANY OF THE FOLLOWING RISKS ACTUALLY OCCUR, THE COMPANY’S BUSINESS, FINANCIAL CONDITION OR OPERATING RESULTS COULD BE MATERIALLY ADVERSELY AFFECTED. IN SUCH CASE, THE TRADING PRICE OR THE COMPANY’S COMMON STOCK COULD DECLINE AND YOU MAY LOSE PART OR ALL OF YOUR INVESTMENT. THIS TRANSITION REPORT ON FORM 10-K ALSO CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES. PLEASE SEE “CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS”.

Risks Related to our Company

We have a history of operating losses and our auditors have indicated that there is substantial doubt about our ability to continue as a going concern.

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. On December 31, 2021, the Company had an accumulated deficit of $3,378,176 and working capital of $-0-. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s continuation as a going concern is solely dependent upon the Company’s ability to raise financing from third parties. There is no assurance that the Company will be successful in doing so. For further discussion about our ability to continue as a going concern and our plan for future liquidity, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Because we are a “shell company” the holders of our restricted securities will not be able to sell their securities in reliance on Rule 144 and we cannot file registration statements under Section 5 of the Securities Act using a Form S-8, until we cease being a “shell company”.

We are a “shell company” as that term is defined by the applicable federal securities laws. Applicable provisions of Rule 144 specify that during that time that we are a “shell company” and for a period of one year thereafter, holders of our restricted securities cannot sell those securities in reliance on Rule 144. This restriction may have potential adverse effects on future efforts to form additional capital through unregistered offerings. Another implication of us being a shell company is that we cannot file registration statements under Section 5 of the Securities Act using a Form S-8, a short form of registration to register securities issued to employees John Crippen, Christopher Alden and Taylor Touchette.consultants under an employee benefit plan. As result, one year after we cease being a shell company, assuming we are “current” in our reporting requirements with the Securities and Exchange Commission and have filed current “Form 10 information” with the SEC reflecting our status as an entity that is no longer a shell company for a period of not less than 12 months, holders of our restricted securities may then sell those securities in reliance on Rule 144 (provided, however, those holders satisfy all of the applicable requirements of that rule).

3

We may fail to successfully execute our business plan.

Our shareholders may lose their entire investment if we fail to execute our business plan. Our prospects must be considered in light of the following risks and uncertainties, including but not limited to, competition, the ability to retain experienced personnel and general economic conditions. We cannot guarantee that we will be successful in executing our business plan. If we fail to successfully execute our business plan, our shareholders may lose their entire investment.

The Company may suffer from lack of availability of additional funds.

We expect to have ongoing needs for working capital in order to fund operations and to continue to expand our operations. To that end, we will be required to raise additional funds through equity or debt financing. However, there can be no assurance that we will be successful in securing additional capital on favorable terms, if at all. If we are successful, whether the terms are favorable or unfavorable, there is a potential that we will fail to comply with the terms of such financing, which could result in severe liability for our Company. If we are unsuccessful, we may need to (a) initiate cost reductions; (b) forego business development opportunities; (c) seek extensions of time to fund liabilities, or (d) seek protection from creditors. In addition, any future sale of our equity securities would dilute the ownership and control of your shares and could be at prices substantially below prices at which our shares currently trade. Our inability to raise capital could require us to significantly curtail or terminate our operations altogether. We may seek to increase our cash reserves through the sale of additional equity or debt securities. The sale of convertible debt securities or additional equity securities could result in additional and potentially substantial dilution to our shareholders. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financing covenants that would restrict our operations and liquidity. In addition, our ability to obtain additional capital on acceptable terms is subject to a variety of uncertainties.

In addition, if we are unable to generate adequate cash from operations, and if we are unable to find sources of funding, it may be necessary for us to sell all or a portion of our assets, enter into a business combination, or reduce or eliminate operations. These possibilities, to the extent available, may be on terms that result in significant dilution to our shareholders or that result in our shareholders losing all of their investment in our Company.

Our acquisition strategy creates risks for our business.

We expect that we will pursue acquisitions of other businesses, assets, or technologies to grow our business. We may fail to identify attractive acquisition candidates, or we may be unable to reach acceptable terms for future acquisitions. We might not be able to raise enough cash to compete for attractive acquisition targets. If we are unable to complete acquisitions in the future, our ability to grow our business will be impaired.

We may pay for acquisitions by issuing additional shares of our common stock, which would dilute our stockholders, or by issuing debt, which could include terms that restrict our ability to operate our business or pursue other opportunities and subject us to meaningful debt service obligations. We may also use significant amounts of cash to complete acquisitions. To the extent that we complete acquisitions in the future, we likely will incur future depreciation and amortization expenses associated with the acquired assets. We may also record significant amounts of intangible assets, including goodwill, which could become impaired in the future. Acquisitions involve numerous other risks, including:

difficulties integrating the operations, technologies, services, and personnel of the acquired companies;
challenges maintaining our internal standards, controls, procedures, and policies;
diversion of management’s attention from other business concerns;

over-valuation by us of acquired companies;
litigation resulting from activities of the acquired company, including claims from terminated employees, customers, former stockholders and other third parties;
insufficient revenues to offset increased expenses associated with the acquisitions and unanticipated liabilities of the acquired companies;

4

insufficient indemnification or security from the selling parties for legal liabilities that we may assume in connection with our acquisitions;
entering markets in which we have no prior experience and may not succeed;
risks associated with foreign acquisitions, such as communication and integration problems resulting from geographic dispersion and language and cultural differences, compliance with foreign laws and regulations and general economic or political conditions in other countries or regions;
potential loss of key employees of the acquired companies; and
impairment of relationships with clients and employees of the acquired companies or our clients and employees as a result of the integration of acquired operations and new management personnel.

The recent outbreak of the coronavirus may cause an overall decline in the economy as a whole and may materially harm our Company.

If the recent outbreak of the COVID-19 coronavirus continues to grow, the effects of such a widespread infectious disease and epidemic may cause an overall decline in the economy as a whole. The actual effects of the spread of coronavirus are difficult to assess at this time as the actual effects will depend on many factors beyond the control and knowledge of the Company. However, the spread of the coronavirus, if it continues may cause an overall decline in the economy as a whole and therefore may materially harm our Company. Accordingly, while management reasonably expects the COVID-19 outbreak to negatively impact the Company, the related consequences and duration are highly uncertain and cannot be predicted at this time.

We may be unable to scale our operations successfully.

Our growth strategy will place significant demands on our management and financial, administrative, and other resources. Operating results will depend substantially on the ability of our officers and key employees to manage changing business conditions and to implement and improve our financial, administrative, and other resources. If the Company is unable to respond to and manage changing business conditions, or the scale of its operations, then the quality of its services, its ability to retain key personnel, and its business could be harmed.

The Company may suffer from a lack of liquidity.

By incurring indebtedness, the Company subjects itself to increased debt service obligations which could result in operating and financing covenants that would restrict our operations and liquidity. This would impair our ability to hire the necessary senior and support personnel required for our business, as well as carry out its acquisition strategy and other business objectives.

Economic conditions or changing consumer preferences could adversely impact our business.

A downturn in economic conditions in one or more of the Company’s future markets could have a material adverse effect on our results of operations, financial condition, business, and prospects. The existing federal deficit, as well as deficit spending by the government as the result of adverse developments in the economy or other reasons, can lead to continuing pressure to reduce government expenditures for other purposes. Such actions in turn may adversely affect our results of operations. Although we attempt to stay informed of government and customer trends, any sustained failure to identify and respond to trends could have a material adverse effect on our results of operations, financial condition, business, and prospects.

The requirements of remaining a public company may strain our resources and distract our management, which could make it difficult to manage our business.

We are required to comply with various regulatory and reporting requirements, including those required by the SEC. Complying with these reporting and other regulatory requirements are time-consuming and expensive and could have a negative effect on our business, results of operations and financial condition.

5

We are required to comply with certain provisions of Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”) and if we fail to continue to comply, our business could be harmed, and the price of our securities could decline.

Rules adopted by the SEC pursuant to Section 404 of the Sarbanes-Oxley Act require an annual assessment of internal control over financial reporting, and for certain issuers an attestation of this assessment by the issuer’s independent registered public accounting firm. The standards that must be met for management to assess the internal control over financial reporting as effective are evolving and complex, and require significant documentation, testing, and possible remediation to meet the detailed standards. We expect to incur significant expenses and to devote resources to Section 404 compliance on an ongoing basis. It is difficult for us to predict how long it will take or costly it will be to complete the assessment of the effectiveness of our internal control over financial reporting for each year and to remediate any deficiencies in our internal control over financial reporting. As a result, we may not be able to complete the assessment and remediation process on a timely basis. In the event that we determine that our internal control over financial reporting is not effective as defined under Section 404, we cannot predict how regulators will react or how the market prices of our securities will be affected; however, we believe that there is a risk that investor confidence and the market value of our securities may be negatively affected.

Risks Related to Our Common Stock

Our Common Stock Currently Trades on the Pink Tier of OTC Markets.

Our Common Stock currently trades on the Pink Tier of OTC Market Group LLC’s Marketplace under the symbol “FKST” and is labeled as “Pink Current Information” at this time. On August 20, 2021, FINRA declared the Name Change effective. The OTC Market is 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. The trading of securities on the OTC Pink is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock.

Our common stock is subject to the application of the “penny stock” rules which could adversely affect the market price of our common stock and increase transaction costs to sell those shares.

The SEC has adopted rule 3a51-1 which establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires:

that a broker or dealer approve a person’s account for transactions in penny stocks, and
the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
In order to approve a person’s account for transactions in penny stocks, the broker or dealer must:
obtain financial information and investment experience objectives of the person, and
make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form:

sets forth the basis on which the broker or dealer made the suitability determination and
that the broker or dealer received a signed, written agreement from the investor prior to the transaction.

Generally, Brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.

6

The market price for our common stock is particularly volatile which could lead to wide fluctuations in our share price. You may be unable to sell your common stock shares at or above your purchase price, or at all, which may result in substantial losses to you.

The market for our common stock is characterized by significant price volatility when compared to seasoned issuers, and we expect that our share price will continue to be more volatile than a seasoned issuer for the indefinite future. As a consequence of this enhanced risk, more risk-adverse investors may, under the fear of losing all or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market more quickly and at greater discounts than would be the case with the stock of a seasoned issuer. Many of these factors are beyond our control and may decrease the market price of our common stock regardless of our operating performance. We cannot make any predictions or projections as to what the prevailing market price for our common stock shares will be at any time, or as to what effect the sale of shares or the availability of common stock shares for sale at any time will have on the prevailing market price.

Because we will likely issue additional shares of our common stock, investment in the Company could be subject to substantial dilution.

Investors’ interests in the Company will be diluted and investors may suffer dilution in their net book value per share when we issue additional shares. We are authorized to issue 300,000,000 shares of common stock. We anticipate that all or at least some or potentially all of our future funding, if any, will be in the form of equity financing from the sale of our common stock. If we do sell or issue more common stock, any investors’ investment in the Company will be diluted. Dilution is the difference between what you pay for your stock and the net tangible book value per share immediately after the additional shares are sold by us. If dilution occurs, any investment in the Company’s common stock could seriously decline in value.

FINRA sales practice requirements may also limit a stockholder’s ability to buy and sell our stock.

In addition to the “penny stock” rules described above, FINRA has adopted FINRA Rule 2111 that requires a broker-dealer to have reasonable grounds for believing that an investment is suitable for a customer before recommending the investment. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for our shares.

We do not intend to pay dividends for the foreseeable future.

We have never declared or paid any cash dividends on our stock and do not intend to pay any cash dividends in the foreseeable future. We anticipate that we will retain all of our future earnings for use in the development of our business and for general corporate purposes. Any determination to pay dividends in the future will be at the discretion of our Board of Directors.

If we are unable to comply with the financial reporting requirements mandated by the SEC’s regulations, investors may lose confidence in our financial reporting and the price of our common stock, if a market ever does develop for it, could decline.

If we fail to maintain effective internal controls over financial reporting, our ability to produce timely, accurate and reliable periodic financial statements could be impaired. If we do not maintain adequate internal control over financial reporting, investors could lose confidence in the accuracy of our periodic reports filed under the Exchange Act. Additionally, our ability to obtain additional financing could be impaired or a lack of investor confidence in the reliability and accuracy of our public reporting could cause our stock price to decline.

Item 1B. Unresolved Staff Comments.

Not applicable.

7

Item 2. PropertiesProperties.


We lease space for our corporate offices at 4303 Vineland Rd. F2, Orlando, Florida 32011. The term of the lease is June 1, 2014 through August 31, 2017. The property is 1,933 square feet.Company has no properties.


We account for the lease on the straight-line basis and are recording monthly rent expense of $2,045. Total rent expense for the year ended July 31, 2015 was $24,544.


Minimum future lease commitments are as follows:


Year Ending July 31,

 

Amount

 

 

 

2016

$

26,518

2017

 

27,313

2018

 

2,332

Total

$

56,163





Item 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.


Item 4. Mine Safety DisclosuresDisclosures.


N/ANot applicable.


8

PARTPart II

Item 5. Market for Registrant’s Common Equity, and Related Stockholder MattersandMatters, and Issuer Purchases of Equity SecuritiesSecurities.

Market Information


We recently enlisted a market maker to enable us to quoteOur Common Stock is quoted on the OTCPink quotation service. Ourover the counter “pink sheets” under the trading symbol on the OTCPink is MRJT. There is presently no trading“FKST”

Transfer of our common stock. We can provide no assurance that a public market will materialize. stock may also be restricted under the securities or blue sky laws of certain states and foreign jurisdictions. Consequently, investors may not be able to liquidate their investments and should be prepared to hold the common stock for an indefinite period of time.


The following table sets forth the high and low bid quotations for our Common Stock as reported on the pink sheets for the periods indicated.

Fiscal 2021 $ High  $ Low 
First Quarter -March, 2021  105.00   5.20 
Second Quarter -June, 2021  49.00   23.00 
Third Quarter-September 2021  59.00   4.30 
Fourth Quarter-December, 2021  10.00   3.76 

Fiscal 2020 $ High  $ Low 
First Quarter-March 2020  4.40   1.60 
Second Quarter-June 2020  8.00   2.00 
Third Quarter-September 2020  14.90   7.00 
Fourth Quarter-December 2020  14.00   5.20 

As of April 14, 2022 the closing price of our Common Stock was $4.23 per share.

Holders of Our Common Stock

As of October 30, 2015,March 31, 2022 we had 291,200,000130,200 shares of our common stock issued and outstanding, held by twenty-nine (29)twenty-seven (27) shareholders of record, with others holding shares in street name.

Dividends

There are no restrictions in our articles of incorporation or bylaws that prevent 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:

1.We would not be able to pay our debts as they become due in the usual course of business, or;

2.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.

1. We would not be able to pay our debts as they become due in the usual course of business, or;

2. 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.

We have not declared any dividends and we do not plan to declare any dividends in the foreseeable future.


Securities Authorized for Issuance under Equity Compensation Plans


We do not have any equity compensation plans.

Item 6. Selected Financial DataData.

ANot required for smaller reporting company is not required to provide the information required by this Item.companies.



7


9


Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

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 effect 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.


ResultsChange in Fiscal Year-End

On January 29, 2021, the Board of Operations forDirectors of Flowerkist Skin Care and Cosmetics, Inc. (the “Company”) approved the years endedchange in our fiscal year end from July 31 2015 and 2014to December 31.

RevenuesPlan of Operation


We generated revenues of $20,091 for the year ended July 31, 2015, as comparedThe Company’s current business objective is to seek a business combination with $0 for the year ended July 31, 2014. The increase was attributable to the sales of our 3D printers which started during the year ended July 31, 2015. Our cost of sales was $10,865 for the year ended July 31, 2015, which resulted in gross profits of $9,226 or 46% of revenues.


We have generated limited revenue since our inception. We have incurred losses since our inception. We do not expect to generate significant revenues until we successfully market and sell our 3D printers. As we are just introducing product into the market, we are not sure what future margins will be with our limitedan operating history.


Operating Expenses


Operating expenses increased to $406,926 for the year ended July 31, 2015, from $224,746 for the year ended July 31, 2014. Our operating expenses for the year ended July 31, 2015 consisted of general and administrative expenses in the amount of $84,374, professional fees in the amount of $156,718, and compensation of $165,834. In comparison, our operating expenses for the year ended July 31, 2014 consisted of general and administrative expenses in the amount of $94,423, professional fees in the amount of $118,123, and compensation of $12,200.


We anticipate our operating expenses will increase as we undertake our plan of operations. The increase will be attributable to administrative and operating costs associated with our 3D printer related activities and the professional fees associated with our reporting obligations under the Securities Exchange Act of 1934.


Other Expenses


Other expenses increased to $289,981 for the year ended July 31, 2015, from other income of $29,338 for the year ended July 31, 2014. Other expenses consisted primarily of interest expense. The increase is due to a number of convertible promissory notes issued from June 16, 2014 through April 15, 2015.


Net Loss


We incurred a net loss of $687,681 for the year ended July 31, 2015, compared to a net loss of $195,408 for the year ended July 31, 2014.




Liquidity and Capital Resources


As of July 31, 2015, we had $68,808 in total current assets. We had current liabilities of $417,638 as of July 31, 2015. Accordingly, we had a working capital deficit of $348,830 as of July 31, 2015.


Operating activities used $387, 292 in cash for the year ended July 31, 2015, as compared with $253,924 used for the year ended July 31, 2014. Our negative operating cash flow for the year ended July 31, 2015 was mainly a result of our net loss for the period, offset by the effects of debt discount amortization and the increase in accounts payable and accrued liabilities.


Investing activities for the year ended July 31, 2015 generated $1,157 in cash, as compared with using $27,333 for the year ended July 31, 2014.


Financing activities for the year ended July 31, 2015 generated $380,500 in cash, as compared with $301,178 for the year ended July 31, 2014. Proceeds from financing activities consisted primarily of proceeds from convertible debt.


The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing.company. We intend to fund operations throughuse the Company’s limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt and/or equity financing arrangements, whicha combination of capital stock and debt, in effecting a business combination. It may be insufficient to fundexpected that entering into a business combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.stock:


may significantly reduce the equity interest of our stockholders;

will likely cause a change in control if a substantial number of our shares of capital stock are issued, and most likely will also result in the resignation or removal of our present officer and director; and

may adversely affect the prevailing market price for our common stock.

Similarly, if we issued debt securities, it could result in:

default and foreclosure on our assets if our operating revenues after a business combination were insufficient to pay our debt obligations;

acceleration of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security contained covenants that required the maintenance of certain financial ratios or reserves and any such covenants were breached without a waiver or renegotiations of such covenants;

our immediate payment of all principal and accrued interest, if any, if the debt security was payable on demand; and

our inability to obtain additional financing, if necessary, if the debt security contained covenants restricting our ability to obtain additional financing while such security was outstanding.

10

Going Concern


We were formed in January 2009. We have negative working capital, of $348,830 andno cash on hand, have an accumulated deficit of $997,540 at July 31, 2015 and have no sources of financing. While we are attempting to expand operations and produce revenues, our cash position may not be significant enough to support our daily operations. Management will seek funds from outside business contacts as needed. There can be no assurances to that our business plan will succeed.


Our ability to continue as a going concern is dependent upon our ability to further implement our business plan and generate revenues. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.


Critical Accounting Policies


In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We do not believe that any accounting policies currently fit this definition.


Recently Issued Accounting Pronouncements


We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position, or cash flow. 


Off Balance Sheet Arrangements

As of JulyDecember 31, 2015,2021, there were no off balanceoff-balance sheet arrangements.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

A smaller reporting company is not required to provide the information required by this Item.




11

Item 8. Financial Statements and Supplementary Data


Index to Financial Statements Required by Article 8 of Regulation S-X:


Financial Statements:

Financial Statements:

F-1

F-2

Report of Independent Registered Public Accounting Firm

F-3

Consolidated Balance Sheets as of JulyDecember 31, 20152021 and 2014

December 31, 2020

F-4

Consolidated Statements of Operations for the yearsYears ended JulyDecember 31, 20152021 and 2014

2020

F-5

Consolidated Statements of Stockholders’ DeficitChanges in Shareholders Equity for the yearsYears ended JulyDecember 31, 20152021 and 2014

December 31, 2020

F-6

Consolidated Statements of Cash Flowsflows for the yearsYears ended JulyDecember 31, 20152021 and 2014

2020

F-7

Notes to Consolidated Financial Statements

F-1

 





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Boardshareholders and the board of Directorsdirectors of Flowerkist Skin Care and Cosmetics, Inc.

3D MakerJet, Inc.


Opinion on the Financial Statements


We have audited the accompanying consolidated balance sheetsheets of 3D MakerJet,Flowerkist Skin Care and Cosmetics, Inc. as of JulyDecember 31, 20152021 and 2020, the related consolidated statements of operations, stockholders’ deficit,equity (deficit), and cash flows for the yearyears then ended. ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company’s significant operating losses raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on thesethe Company’s financial statements based on our audits.audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.


We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.misstatement, whether due to error or fraud. The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included considerationAs part of our audits we are required to obtain an understanding of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An

Our audit includesincluded performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence supportingregarding the amounts and disclosures in the financial statements. AnOur audit also includes assessingincluded evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement presentation.statements. We believe that our audit provides a reasonable basis for our opinion.


In our opinion,Critical Audit Matter

Critical audit matters are matters arising from the current-period audit of the financial statements referredthat were communicated or required to above present fairly, in allbe communicated to the audit committee and that (1) relate to accounts or disclosures that are material respects, the consolidated financial position of 3D MakerJet, Inc. as of July 31, 2015 and the consolidated results of its operations and cash flows for the year then ended in conformity with accounting principles generally accepted in the United States.


The accompanying financial statements have been prepared assuming that 3D MakerJet, Inc. will continue as a going concern. As discussed in Note 3 to the financial statements the Company has incurred losses from operations since inception, has negative working capital, and is in need of additional financing. These factors raise substantial doubt about(2) involved our especially challenging, subjective, or complex judgments.

We determined that there are no critical audit matters.

/S BF Borgers CPA PC

We have served as the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are described in Note 3. auditor since 2020

Lakewood, CO

April 15, 2022

5041

F-2

Flowerkist Skin Care and Cosmetics, Inc.

Balance Sheets

  December 31,  December 31, 
  2021  2020 
ASSETS        
Total assets $-  $- 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current liabilities:        
Notes payable- related parties $1,972  $5,345 
Total current liabilities  1,972   5,345 
Total Liabilities  1,972   5,345 
         
Commitments and contingencies  -   - 
         
Stockholders' Deficit:        
Preferred stock: $0.0001 par value 10,000,000 shares authorized, 10,000,000 and 10,000,000 shares issued and outstanding as of December 31, 2021 and December, 31, 2020  1,000   1,000 
Common stock, $0.001 par value, 300,000,000 shares authorized; 130,212 and 130,212 issued and outstanding as of December 31, 2021 and December 31, 2020  130   130 
Additional paid-in capital  3,375,074   3,369,729 
Accumulated deficit  (3,378,176)  (3,376,204)
Total stockholders' equity  (1,972)  (5,345)
Total liabilities and equity $-  $- 

The accompanying financial statements do not include any adjustments that might result from the outcomenotes are part of this uncertainty.


ThayerONeal CPAs


/s/ ThayerONeal CPAs


Sugar Land, Texas

October 30, 2015






REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Board of Directors

3D MakerJet, Inc. (formerly American Business Change Agents, Inc.)



We have audited the accompanying balance sheets of 3D MakerJet, Inc. (formerly American Business Change Agents, Inc.) as of July 31, 2014, January 31, 2014 and 2013, and the related statements of operations, stockholders’ deficit, and cash flows for the periods then ended. 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 audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. 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

F-3

Flowerkist Skin Care and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.Cosmetics, Inc.


Statements of Operations

In our opinion,

  Year Ended
December 31,
2021
  Five months Ended
December 31,
2020
 
Revenue $-  $- 
Cost of revenue  -   - 
Gross profit  -   - 
         
Operating expenses:        
General and administrative -related party  1,972   2,459,914 
Total operating expenses  1,972   2,459,914 
Loss from operations  (1,972  (2,459,914)
Other income        
Gain from extinguishment of debt  -   877,920 
Total other income (expense)  -   877,920 
Net loss $(1,972) $(1,581,994)
         
Basic and diluted earnings (loss) per common share $(0.02) $(12.15)
         
Weighted-average number of common shares outstanding:        
Basic and diluted  130,212   130,212 

The accompanying notes are an integral part of the financial statements referred to above present fairly,statements.

F-4

Flowerkist Skin Care and Cosmetics, Inc.

Statements of Changes in all material respects,Shareholders Equity

                             
  Preferred Stock Series  Common stock  Paid-in  Accumulated  Stockholders' 
  Shares  Value  Shares  Value  Capital  Deficit  Equity 
Balance, July 31, 2020 (unaudited)  -  $-   130,212  $130  $910,729  $(1,794,210) $(883,351)
                             
Net income (loss)              -       (1,581,994)  (1,581,994)
                             
Issuance of preferred stock to related party  10,000,000   1,000           2,459,000       2,460,000 
                             
Balance, December 31, 2020  10,000,000  $1,000   130,212  $130  $3,369,729  $(3,376,204) $(5,345)

              Additional     Total 
  Preferred Stock Series  Common stock  Paid-in  Accumulated  Stockholders' 
  Shares  Value  Shares  Value  Capital  Deficit  Equity 
Balance, December 31, 2020  10,000,000   1,000   130,212  $130  $3,369,729  $(3,376,204) $(5,345)
                             
Net income (loss)      -        -    -    (1,972)  (1,972)
                             
Capital contribution from former related party                  5,345       5,345 
                             
Balance, December 31, 2021  10,000,000  $1,000   130,212  $130  $3,375,074  $(3,378,176) $(1,972)

The accompanying notes are an integral part of the financial positionstatements.

F-5

Flowerkist Skin Care and Cosmetics, Inc.

Statements of 3D MakerJet, Inc. (formerly American Business Change Agents, Inc.) as of July 31, 2014, January 31, 2014 and 2013, and the results of its operations and cashCash flows for the periods then ended in conformity with accounting principles generally accepted in the United States.


  Year Ended
December 31,
2021
  Five months ended
December 31,
2020
 
Cash flows used in operating activities:        
Net loss $(1,972) $(1,581,994)
Adjustments to reconcile net loss to net cash used in operating activities        
Stock based compensation  -   2,450,000 
Changes in operating assets and liabilities        
Accounts payable and accrued liabilities  -   (232,227)
Convertible notes  -   (602,693)
Notes payable  -   (43,000)
Net cash used in operating activities  (1,972)  (9,914)
         
Cash flows used in investing activities:        
Net cash provided by (used in) Investing Activities  -   - 
         
Cash flows from financing activities:        
Proceeds from related party advances  1,972   9,914 
Net cash provided by financing activities  1,972   9,914 
         
Net increase (decrease) in cash and cash equivalents  -   - 
Cash and cash equivalents at beginning of period  -   - 
Cash and cash equivalents at end of period $-  $- 
         
Supplemental disclosure of non-cash information:        
Forgiveness of debt by former related party due to a change of control $5,345  $- 

The accompanying financial statements have been prepared assuming that 3D MakerJet, Inc. (formerly American Business Change Agents, Inc.) will continue as a going concern. As discussed in Note 3 tonotes are an integral part of the financial statements, the Company has incurred losses from operations since inception, has negative working capital, and is in need of additional financing. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are described in Note 3. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.statements.


F-6

L.L. Bradford & CompanyFLOWERKIST SKIN CARE AND COSMETICS, INC.


/s/ L.L. Bradford & Company


Sugar Land, Texas

September 15, 2014









3D MAKERJET, INC.

CONSOLIDATED BALANCE SHEETS

AS OF JULY 31, 2015 AND 2014


ASSETS

 

July 31,

2015

 

July 31,

2014

 

 

 

 

 

Current Assets

 

 

 

 

Cash

$

14,288

$

19,923

Inventory

 

54,520

 

62,000

Total current assets

 

68,808

 

81,923

 

 

 

 

 

Equipment, net of accumulated depreciation of $17,036 and $3,370, respectively

 

10,297

 

23,963

Prepaid expenses and other current assets

 

7,234

 

7,234

Total Assets

$

86,339

$

113,120

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable and accrued liabilities

$

119,672

$

54,751

Current convertible notes payable, net of discount of $212,712 and $223,435, respectively

 

297,966

 

15,743

Due to related parties

 

-

 

62,000

 Total current liabilities

 

417,638

 

132,494

 

 

 

 

 

Long-term Debt

Convertible notes payable, net of discount of $66,998 and $0, respectively

 

61,002

 

-

Notes payable

 

43,000

 

-

Total Liabilities

 

521,640

 

132,494

 

 

 

 

 

Stockholders’ Deficit

 

 

 

 

Preferred stock; $0.001 par value; 10,000,000 shares authorized; none issued or outstanding

 

-

 

-

Common stock; $0.001 par value; 300,000,000 shares authorized; 291,200,000 and 265,200,000 shares issued and outstanding at July 31, 2015 and 2014, respectively

 

291,200

 

265,200

Additional paid-in capital

 

271,039

 

25,285

Accumulated deficit

 

(997,540)

 

(309,859)

Total Stockholders’ Deficit

 

(435,301)

 

(19,374)

 

 

 

 

 

Total Liabilities and Stockholders’ Deficit

$

86,339

$

113,120


See accompanying notes to the consolidated financial statements.







3D MAKERJET, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED JULY 31, 2015 AND 2014


 

 

Years Ended July 31,

 

 

2015

 

2014

 

 

 

 

 

REVENUES

$

20,091

$

-

COST OF REVENUES

 

(10,865)

 

-

GROSS PROFIT

 

9,226

 

-

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

General and administrative

 

84,374

 

94,423

Compensation

 

165,834

 

12,200

Professional fees

 

156,718

 

118,123

TOTAL OPERATING EXPENSES

 

406,926

 

224,746

 

 

 

 

 

LOSS FROM OPERATIONS

 

(397,700)

 

(224,746)

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

Interest expense

 

(289,981)

 

(18,949)

Gain on forgiveness of debt

 

-

 

48,287

TOTAL OTHER INCOME (EXPENSE)

 

(289,981)

 

29,338

 

 

 

 

 

PROVISION FOR INCOME TAXES

 

-

 

-

 

 

 

 

 

NET LOSS

$

(687,681)

$

(195,408)

 

 

 

 

 

NET LOSS PER SHARE: BASIC AND DILUTED

$

(0.00)

$

(0.00)

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED

 

284,290,411

 

265,200,000


See accompanying notes to the consolidated financial statements.






3D MAKERJET, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

FOR THE YEARS ENDED JULY 31, 2015 AND 2014


 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

Preferred Stock

 

Common Stock

 

Paid-in

 

Accumulated Deficit

 

Total

Shares

 

Amount

 

Shares

 

Amount

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2013

-

$

-

 

265,200,000

$

265,200

$

(244,200)

$

(114,451)

$

(93,451)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beneficial conversion feature related to convertible promissory notes

-

 

-

 

-

 

-

 

239,178

 

-

 

239,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forgiveness of related party debt

-

 

-

 

-

 

-

 

30,307

 

-

 

30,307

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended July 31, 2014

-

 

-

 

-

 

-

 

-

 

(195,408)

 

(195,408)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2014

-

 

-

 

265,200,000

 

265,200

 

25,285

 

(309,859)

 

(19,374)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beneficial conversion feature related to convertible promissory notes

-

 

-

 

-

 

-

 

231,597

 

-

 

231,597

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share Exchange Agreement with 3D MakerJet Asia Ltd.

-

 

-

 

26,000,000

 

26,000

 

14,157

 

-

 

40,157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended July 31, 2015

-

 

-

 

-

 

-

 

-

 

(687,681)

 

(687,681)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2015

-

$

-

 

291,200,000

$

291,200

$

271,039

$

(997,540)

$

(435,301)


See accompanying notes to the consolidated financial statements.





3D MAKERJET, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 FOR THE YEARS ENDED JULY 31, 2015 AND 2014


 

 

Year Ended

July 31,

 

 

2015

 

2014

Operating Activities

 

 

 

 

Net loss

$

(687,681)

$

(195,408)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

Gain on forgiveness of debt

 

-

 

(48,287)

Amortization of debt discount

 

215,833

 

15,743

Depreciation and amortization expense

 

13,666

 

3,370

Changes in operating assets and liabilities:

 

 

 

 

Inventory

 

8,391

 

(62,000)

Prepaid expenses and other current assets

 

-

 

(7,234)

Accounts payable and accrued liabilities

 

62,499

 

39,892

Net Cash Used in Operating Activities

 

(378,292)

 

(253,924)

 

 

 

 

 

Investing Activities

 

 

 

 

Purchase of property and equipment

 

-

 

(27,333)

Acquisition of 3D Makerjet Asia, net of cash

 

1,157

 

-

Net Cash Provided by (Used in) Investing Activities

 

1,157

 

(27,333)

 

 

 

 

 

Financing Activities

 

 

 

 

Advances from related party

 

-

 

62,000

Proceeds from debt

 

380,500

 

239,178

Net Cash Provided by Financing Activities

 

380,500

 

301,178

 

 

 

 

 

Net Increase (Decrease) in Cash

 

(5,635)

 

19,921

Cash at Beginning of Period

 

19,923

 

2

Cash at End of Period

$

14,288

$

19,923

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

Interest paid

$

-

$

-

Income taxes paid

$

-

$

-

 

 

 

 

 

Non-Cash Financing Transactions:

 

 

 

 

Increase in additional paid-in capital due to forgiveness of Loan payable to Company’s President

$

-

$

30,307

Discount on convertible promissory notes due to beneficial conversion feature

$

231,957

$

239,178

Acquisition of 3D Makerjet Asia with common stock, net of asset received

$

39,001

$

-


See accompanying notes to the consolidated financial statements.






3D MAKERJET, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS


Flowerkist Skin Care And Cosmetics, Inc. f/k/a 3D MakerJet, Inc. (“3D MakerJet” orFlowerkist “or the “Company”), formerly known as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009.


On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc.


The Company ishad been developing a business plan focused on the sale of 3D printers, scanners, and ancillary equipment. 3D MakerJet, Inc.

On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. the Company has been dormant since January 2016.

On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. David Lazar is the managing member of Custodian.

On July 16, 2020, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer, and Chairman of the Board of Directors.

On January 29, 2021, the Board of Directors of the Company approved the change in the Company’s fiscal year-end from July 31 to December 31. As required, the Company will file a transition report on Form 10-K covering the transition period with the Securities and Exchange Commission.

On March 22, 2021, as a result of a private transaction, 10,000,000 shares of Series A Preferred Stock, $0.001 par value per share were transferred from Custodian Ventures, LLC to Flowerkist Inc. (the “Purchaser”). As a result, the Purchaser became an approximately 70% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company and became the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the Shares was corporate funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him.

On March 22, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director. At the effective date of the transfer, Barry Clark consented to act as the new President, CEO, CFO, Treasurer, Secretary, and Chairman of the Board of Directors of the Company.

On August 17, 2021, 3D Makerjet, Inc., amended its Articles of Incorporation change its name to Flowerkist Skin Care and Cosmetics, Inc. The change was made in anticipation of entering into a new line of business operations.

Also on August 17, 2021, the Company amended its articles of incorporation to reverse split its common stock at a rate of 1 for 1,000.

On September 14, 2021, Stephanie Parker was appointed as a director and as President and Secretary of the Company. Also, on September 14, 2021, Ms. Parker accepted such an appointment. Ms. Parker is not independent using the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the Securities and Exchange Commission. Ms. Parker was formerly married to Barry Clark.


NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Accounting Basis of Presentation


TheseThe accompanying financial statements arehave been prepared onin accordance with the accrual basisFinancial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles generally accepted(“GAAP”) in the United StatesStates. 

F-7

Going Concern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of America (“U.S. GAAP”)assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of December 31, 2021 the Company had an accumulated deficit of $3,378,176.


Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. 

Reverse Stock Split

On August 17, 2021, the Company initiated a 1 for 1,000 reverse split. Prior to the split, there were 130,200,000 shares outstanding. After the split, there were 130,212 shares outstanding. The reverse split has been applied retroactively for all financial statements presented unless specifically stated otherwise.

Use of Estimates


The preparation of financial statements in conformity with accounting principles generally accepted in the U.S.US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from thosethese estimates.


Fair Value MeasurementsCash and cash equivalents


Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820-10 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the Note principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value under ASC 820-10 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:


• Level 1 - Quoted prices in active markets for identical assets or liabilities.


• Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.


• Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities


Cash Equivalents


The Company considers all highly liquid temporary cash investments with aan original maturity of three months or less when purchased to be cash equivalents. On December 31, 2021 and December 31, 2020, the Company’s cash equivalents totaled $-0- and $-0- respectively.


InventoryIncome taxes


Inventory is valued at cost using the first-in, first-out cost flow assumption. All inventories consist of finished products ready for sale.






Extinguishment of Debt


The Company accounts for debt extinguishment pursuant FASB ASC 470-50-40 Debt Modifications and Extinguishments – De-recognition which provides that the net carrying amount of extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains and moreover, extinguishment transaction between related entities can be in capital transaction and should be identified as a separate item.


Beneficial Conversion Features


From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of promised conversion price in the note agreement. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the straight line method.


Revenue Recognition


The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned less an amount for estimated future doubtful accounts. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) the seller has transferred to the buyer the significant risks and rewards of ownership of the goods; (ii) the seller does not retain continuing managerial involvement to the degree usually associated with ownership or effective control over the goods sold; (iii) the amount of revenue can be measured reliably; (iv) it is probable that the economic benefits associated with the transaction will flow to the seller; and (v) any costs incurred or to be incurred related to the sale can be measured reliably.


Income Taxes


The Company accounts for income taxes pursuant tounder FASB ASC 740—740, “Accounting for Income Taxes, which requires recognition ofTaxes”. Under FASB ASC 740, deferred income tax assets and liabilities are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporaryattributable to differences between the financial statementsstatement carrying amounts of existing assets and liabilities and their respective tax basis ofbases. Deferred tax assets and liabilities are measured using the enacted tax rates that are expected to apply to taxable income whenin the years in which those temporary differences are expected to reverse.


be recovered or settled. Under FASB ASC 740, establishesthe effect on deferred tax assets and liabilities of a more-likely-than-notchange in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for recognizing the benefitsfinancial statement recognition and measurement of tax return positions taken or expected to be taken in the financial statements. Also, the statement implements a process for measuringtax return. For those benefits to be recognized, a tax positions that meet the recognition threshold of being ultimatelyposition must be more-likely-than-not to be sustained upon examination by the taxing authorities. There are no

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions taken byquarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the Company on itslikelihood of a tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to the 2011 tax year ended July 31, 2012 remain open to examination by U.S. federal and state tax jurisdictions.position’s sustainability under audit.


Fair Value of Financial Instruments

F-8


3D MakerJet’s financial instruments consist of accounts payable, accrued liabilities, short-term and long-term debt. The carrying amount of payables approximates fair value because of the short-term nature of these items. The carrying amount of short-term and long-term debt approximates fair value due to the relationship between the interest rate on debt and 3D MakerJet’s incremental risk adjusted borrowing rate.


Commitments and Contingencies


Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.






Net Loss Per Commonper Share


Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the period.year. Diluted net lossearnings per common share is computedcalculations are determined by dividing net lossincome by the weighted average number of common shares ofand dilutive common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of July 31, 2015 or 2014. share equivalents outstanding.

Recent Accounting Pronouncements

There are no shares includedrecent accounting pronouncements that impact the Company’s operations.

NOTE 3 – DEBT

As of December 31, 2021, and December 31, 2020, the Company had $-0- and $-0- in debt outstanding, respectively.

NOTE 4 – RELATED PARTY DEBT

As of December 31, 2021 and December 31, 2020 the earnings per share calculationbalance of notes payable due to related parties was $1,972 and $5,345, respectively. These notes payable were comprised of interest-free demand loans.

NOTE 5 – EQUITY

Common Stock

Reverse Stock Split

On August 17, 2021, the Company initiated a 1 for the years ended July 31, 2015 or 2014 related1,000 reverse split. Prior to the Company's convertible note outstanding becausesplit, there were 130,200,000 shares outstanding. After the Company’s average stock price did not exceed the conversion price, and accordingly,split, there is no conversion spread. were 130,212 shares outstanding. The reverse split has been applied retroactively for all financial statements presented unless specifically stated otherwise.

The Company has incurred lossesauthorized 300,000,000 shares of $0.001 par value, common stock. As of December 31, 2021 and December 31, 2020, there were 130,212 and 130,212 shares of Common Stock issued and outstanding, respectively.

Preferred Stock

On September 24, 2020, the Company designated 10,000,000 shares of Preferred A stock, par value $0.0001, and awarded Custodian Ventures these shares that carry 30 to 1 conversion rights into common shares. These shares were awarded in return for all periods,a reduction of $10,000 of related party loans extended by Custodian Ventures to the impactCompany. As a result, the Company recorded stock-based compensation of $2,450,000 related to these shares.

On March 22, 2021, as a result of a private transaction, these 10,000,000 shares of Series A Preferred Stock, were transferred from Custodian Ventures, LLC to Flowerkist Inc. (the “Purchaser”). As a result, the Purchaser became an approximately 70% holder of the common stock equivalents would be antidilutive and therefore are not included in the calculation.


Equipment


Equipment is recorded at cost and depreciated or amortized using the straight-line method over the estimated useful lifevoting rights of the asset or the underlying lease term for leasehold improvements, whichever is shorter. The estimated useful life by asset description is noted in the following table:


Asset Description

Estimated Useful

Life (years)

Showroom equipment

2


Additions are capitalizedissued and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in other income.


Recently Issued Accounting Standards


In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 amends previous guidance to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company did not have any debt issuance costs by the end of its third quarter for fiscal year 2015, but plans to adopt ASU No. 2015-03 regarding the

presentation of debt issuance costs for fiscal year 2016.


Subsequent Events


The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company evaluates subsequent events from the date of the balance sheet through the date when the financial statements are issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them with the SEC on the EDGAR system.


NOTE 3 – GOING CONCERN


The Company was formed in January 2009. It has incurred cumulative losses since inception, has a negative workingoutstanding share capital of $348,830 and an accumulated deficit of $997,540 at July 31, 2015, and has had recurring negative cash flows from operations. While the Company is attempting to raise both debt and equity capital, expand operations and produce revenues, the Company’s cash position may not be significant enough to support the company’s daily operations. Management intends to seek funds from outside business contacts as needed. There can be no assurances to that its business plan will succeed. Accordingly, there is doubt that the Company will be able to realize its assets and liquidate its liabilities in the normal course of business operations.


The ability of the Company to continue ason a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. The financial statements do not include any adjustments that might be necessary iffully-diluted basis of the Company is unable to continue as a going concern.and became the controlling shareholder.






NOTE 4 – PROPERTY AND EQUIPMENT


PropertyAs of December 31, 2021, and equipment consists of the following at JulyDecember 31, 20152020, there were 10,000,000 and 2014:


 

 

July 31, 2015

 

July 31, 2014

 

 

 

 

 

3D Printers and scanning equipment

$

27,333

$

27,333

Less: accumulated depreciation and amortization

 

(17,036)

 

(3,370)

Property and equipment, net

$

10,297

$

23,963


Depreciation expense for the years ended July 31, 2015 and 2014 amounted to $13,666 and $3,370, respectively.


NOTE 5 – ACQUISITION


On November 5, 2014, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with 3D MakerJet Asia Ltd., a company formed under the Laws of Hong Kong (“3D MakerJet Asia”) and the shareholder of 3D MakerJet Asia. As a result of the transaction (the “Exchange”), 3D MakerJet Asia became a wholly-owned subsidiary of the Company. In accordance with the terms of the Exchange Agreement, at the closing, an aggregate of 26,000,00010,000,000 shares of the Company’s common stock were issued to the holder of 3D MakerJet Asia’s common stock in exchange for his shares of 3D MakerJet Asia.


The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the above referenced transaction:


Category

 

 

Cash

$

1,156

Inventory

 

911

Due from related party

 

62,986

 Total assets acquired

 

65,053

 

 

 

Accrued interest

 

3,407

Convertible notes, net

 

21,489

 Total liabilities assumed

 

24,896

 

 

 

Net assets acquired

$

40,157







Pro-forma operating results, if the acquisition had taken place on August 1, 2014, the beginning of the earliest period presented, would be as follows:


 

 

Years Ended July 31,

 

 

2015

 

2014

 

 

 

 

 

REVENUES

$

20,091

$

-

COST OF REVENUES

 

(10,865)

 

-

GROSS PROFIT

 

9,226

 

-

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

General and administrative

 

84,576

 

212,949

Compensation

 

165,834

 

13,239

Professional fees

 

156,718

 

-

TOTAL OPERATING EXPENSES

 

407,128

 

226,188

 

 

 

 

 

LOSS FROM OPERATIONS

 

(397,902)

 

(226,188)

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

Gain on forgiveness of debt

 

-

 

48,287

Interest expense

 

(307,192)

 

(26,634)

TOTAL OTHER INCOME (EXPENSE)

 

(307,192)

 

21,653

 

 

 

 

 

PROVISION FOR INCOME TAXES

 

-

 

-

 

 

 

 

 

NET LOSS

$

(705,094)

$

(204,535)


NOTE 6 – PROMISSORY NOTES


CONVERTIBLE PROMISSORY NOTES


On various dates from June 16, 2014 through July 20, 2015, the Company issued convertible promissory notes totaling $638,678, including $237,631 to an employee. Of this amount, $239,178 was recorded during the year ended July 31, 2014, and $399, 500, including $62,000 from the acquisition of 3D MakerJet Asia, was recorded during the year ended July 31, 2015. At the time of issuance, the notes were evaluated and were determined to contain a beneficial conversion feature. As a result, a discount on convertible promissory notes totaling $532,775, including $189,348 to the employee, was recorded with a corresponding credit to additional paid-in capital. Accumulated discount amortization for the year ended July 31, 2015 amounted to $253,065. Discount amortization, totaling $21,489, was recorded on the books of 3D MakerJet Asia through the date of acquisition of November 5, 2014. The net convertible note balance of $21,489 was included in the acquisition described in Note 5.


 

 

Balance,

 

Balance,

Description

 

July 31, 2015

 

July 31, 2014

35 convertible promissory notes, in amounts ranging from $2,500 to $131,631, all maturing within one year except 7 notes, bearing interest at 15% per annum, convertible into common stock at the conversion price of $0.001 per share

$

638,678

$

239,178

 

 

 

 

 

Original beneficial conversion feature discount

 

(532,775)

 

(239,178)

Discount amortization

 

253,065

 

15,743

Unamortized discount

 

(279,710)

 

(223,435)

 

 

 

 

 

Net

$

358,968

$

15,743







Presented in the balance sheet as:



Description

 

Balance

July 31, 2015

 

Balance

July 31, 2014


Short-term


$


297,966


$


15,743

Long-term

 

61,002

 

-

 

Total

$

358,968

$

15,743



NON-CONVERTIBLE NOTES


On various dates from December 15, 2014 through July 13, 2015, the Company received $43,000 of cash proceeds through the issuance of three non-convertible promissory notes bearing interest at 5% per annum over the term.


NOTE 7 – STOCKHOLDERS’ DEFICIT


On September 30, 2014, our board of directors and majority shareholder approved a twenty-six for one (26:1) forward split of our issued andSeries A outstanding, common stock. The total number of authorized shares was not changed. All share and per share information has been retroactively adjusted to reflect the forward split in the financial statements and in the notes to the financial statements for all periods presented, as if it occurred at beginning of the comparable year.respectively.


On various dates during the year ended July 31, 2015, the Company recorded increases totaling $231,597 to additional paid-in capital related to beneficial conversion feature on convertible promissory notes.


On November 5, 2014, 26,000,000 shares of the Company’s common stock were issued to the holder of 3D MakerJet Asia’s common stock in exchange for his shares of 3D MakerJet Asia (see Note 5).


NOTE 8 – INCOME TAXES


At July 31, 2015, the Company had unused federal and state net operating loss carryforwards available of approximately $522,543, which may be applied against future taxable income, if any, and which expire in various years through 2035.


This loss carry forward expires according to the following schedule:


Year Ending

July 31,

 

Amount

 

 

 

2034

$

125,121

2035

 

397,422

Total

$

522,543


The Company’s deferred tax assets as of July 31, 2015 and 2014 are as follows:


 

 

2015

 

2014


Benefit from net operating losses

$

182,890

$

43,792

Valuation allowance

 

(182,890)

 

(43,792)


Net tax expense

$

-

$

-







NOTE 96COMMITMENTS AND CONTINGENCIES


The Company leases office space at 4303 Vineland Rd. F2, Orlando, Florida 32011. The termdid 0t have any contractual commitments as of the lease is June 1, 2014 through AugustDecember 31, 2017.2021 and December 31, 2020.


The Company accounts for the lease on the straight-line basis and is recording monthly rent expense of $2,045. Total rent expense for the year ended July 31, 2015 was $24,544.


Minimum future lease commitments are as follows:


Year Ending

July 31,

 

Amount

 

 

 

2016

$

26,518

2017

 

27,313

2018

 

2,332

Total

$

56,163


NOTE 10 – SUBSEQUENT EVENTS


The Company has evaluated all events that occurred after the balance sheet date of July 31, 2015 through October 30, 2015, the date when the financial statements were issued. The Management of the Company determined that there were no reportable events that occurred during that subsequent period to be disclosed or recorded.








F-9



Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure


On August 3, 2015, RBSM LLP resigned as our accountant. We have engaged Thayer O’Neal Company PLLC as our principal accountants effective August 3, 2015. The decision to change accountants was approved by our board of directors. For more information on the change in accountant, please see our Form 8-K filed with the Securities and Exchange Commission on August 19, 2015.None


Item 9A. Controls and Procedures

(a)

Disclosure Controls and Procedures


We conducted an evaluation, with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act, as of JulyDecember 31, 2015,2021, to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities Exchange Commission’s rules and forms, including to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of JulyDecember 31, 2015,2021, our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses identified and described in Item 9A(b).


Our principal executive officers do not expect that our disclosure controls or internal controls will prevent all error and all fraud. Although our disclosure controls and procedures were designed to provide reasonable assurance of achieving their objectives and our principal executive officers have determined that our disclosure controls and procedures are effective at doing so, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute assurance that the objectives of the system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented if there exists in an individual a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.


(b)Based on the evaluation of our disclosure controls and procedures, management has concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this annual report at the reasonable assurance level.

Management Report on Internal Control Over Financial Reporting


Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act, as amended, as a process designed by, or under the supervision of, our principal executive and principal financial officer and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:


Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions and any disposition of our assets;

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

§

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions and any disposition of our assets;

§

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

§

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect all misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.




12



A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. Our management assessed the effectiveness of our internal control over financial reporting as of JulyDecember 31, 2015.2021. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Based on this assessment, Management identified the following two material weaknesses that have caused management to conclude that, as of JulyDecember 31, 2015,2021, our disclosure controls and procedures, and our internal control over financial reporting, were not effective at the reasonable assurance level:


1.We do not have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act as of the year ending December 31, 2021. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

2.We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

3.Effective controls over the control environment were not maintained. Specifically, a formally adopted written code of business conduct and ethics that governs our employees, officers, and directors was not in place. Additionally, management has not developed and effectively communicated to employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, our Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

1.

We do not have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act as of the year ending July 31, 2015. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.


2. We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.


3. Effective controls over the control environment were not maintained. Specifically, a formally adopted written code of business conduct and ethics that governs our employees, officers, and directors was not in place. Additionally, management has not developed and effectively communicated to employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, our Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.


To address these material weaknesses, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented. Accordingly, we believe that the financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.


(c)

Remediation of Material Weaknesses


To remediate the material weakness in our documentation, evaluation, and testing of internal controls we plan to engage a third-party firm to assist us in remedying this material weakness once resources become available.


We intend to remedy our material weakness with regard to insufficient segregation of duties by hiring additional employees in order to segregate duties in a manner that establishes effective internal controls once resources become available.


(d)

Changes in Internal Control over Financial Reporting


No change in our system of internal control over financial reporting occurred during the period covered by this report, the fiscal year ended JulyDecember 31, 2015,2021, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


Item 9B. Other Information

None

13

 

None






PART III

Item 10. Directors, Executive Officers and Corporate Governance

The following table contains information with respect to our current executive officer and director:

Name

Age

Age

Principal Positions With Us

John Crippen

Barry Clark

65

62

President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director

John Crippen.From 2009 to 2010,Barry Clark, 62, is the co-founder of Flowerkist, Inc., along with Stephanie Clark and the Chairman of the Board of Directors, which was founded in 2017. He also acts as a business mentor at CanopySD, a seed-stage mentorship-driven accelerator program for the legal cannabis industry in Southern California. Mr. CrippenClark was a consultant at Business Planning Group in Orlando, Florida, providing assistance to companies in the areasfounder and managing director of real estate, finance, technologies,Sussex Partners Investor Relations and benefits packages. He received his Bachelor of Arts degree in LiteratureRegal Barrington from NYU.2004 through 2014.

Term of Office

Our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.

Family Relationships

There are no family relationships between or among the directors, executive officers or persons nominated or chosen by us to become directors or executive officers.

Involvement in Certain Legal Proceedings

To the best of our knowledge, during the past ten years, none of the following occurred with respect to a present or former director, executive officer, or employee: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

Committees of the Board

Our company currently does not have nominating, compensation or audit committees or committees performing similar functions nor does our company have a written nominating, compensation, or audit committee charter. Our directors believe that it is not necessary to have such committees, at this time, because the functions of such committees can be adequately performed by the board of directors.

Our company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for directors. The board of directors believes that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business operations develop to a more advanced level. Our company does not currently have any specific or minimum criteria for the election of nominees to the board of directors and we do not have any specific process or procedure for evaluating such nominees. The board of directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes to communicate with our board of directors may do so by directing a written request addressed to our CEO and director, John Crippen,Barry Clark at the address appearing on the first page of this annual report.

14

 

Code of Ethics

We have not adopted a Code of Ethics that applies our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.





Item 11. Executive Compensation

The table below summarizes allBarry Clark, the Company’s only Officer and Director received no compensation awarded to, earned by, or paid to our officers for all services rendered in all capacities to us for our fiscal years ended July 31, 2015 and 2014.his services.

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

($)

John Crippen

Chief Executive Officer, Principal Executive Officer and Director

2015

2014

84,000

13,962

0

0

0

0

0

0

 0

0

0

0

0

22,500

84,000

36,462

Eric Forward

Former Chief Financial Officer

2015

2014

0

0

0

0

0

0

0

0

 0

0

0

0

0

3,010

0

3,010


Narrative Disclosure to the Summary Compensation Table


We have not entered into any employment agreement or consulting agreement with our executive officers. There are no arrangements or plans in which we provide pension, retirement or similar benefits for executive officers.


Our decision to compensate officers depends on the availability of our cash resources with respect to the need for cash to further our business purposes.


Stock Option Grants


We have not granted any stock options to the executive officers or directors since our inception.


Outstanding Equity Awards at Fiscal Year-End


The table below summarizes all unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer as of July 31, 2015.


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 Units

of

Stock That

Have

Not

Vested

(#)




Market

Value

of

Shares

or

Units

of

Stock

That

Have

Not

Vested

($)


Equity

Incentive

Plan

Awards:

Number

of

Unearned

Shares,

Units or

Other

Rights

That Have

Not

Vested

(#)

Equity

Incentive

Plan

Awards:

Market or

Payout

Value of

Unearned

Shares,

Units or

Other

Rights

That

Have Not

Vested

(#)

John Crippen

-

-

-

-

-

-

-

-

-

Eric Forward

-

-

-

-

-

-

-

-

-







Director Compensation


We do not pay any compensation to our directors at this time. However, we reserve the right to compensate our directors in the future with cash, stock, options, or some combination of the above.


Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of October 30, 2015,December 31, 2021, certain information as to shares of our voting stock owned by (i) each person known by us to beneficially own more than 5% of our outstanding voting stock, (ii) each of our directors, and (iii) all of our executive officers and directors as a group.

Unless otherwise indicated below, to our knowledge, all persons listed below have sole voting and investment power with respect to their shares of voting stock, except to the extent authority is shared by spouses under applicable law.

Name and Address of Beneficial Owners of Common Stock Title of Class Amount and
Nature of
Beneficial
Ownership(1)
  % of
Common
Stock(2)
 
Flowerkist, Inc.(4) Preferred Stock  10,000,000(3)  99.9%
           
DIRECTORS AND OFFICERS – TOTAL
(Two Officers and Directors)
 Preferred Stock  10,000,000   99.7%
           
5% SHAREHOLDERS          
           
Market Milestones, Inc.
Taylor L. Touchette
310 Cedar Lake Drive
League City, Texas 77573
 Common Stock  72,600 Shares   55.8%
           
Jason Zeng
160 Frederick St. Ste. 906
Toronto, ON Canada M5A4H9
 Common Stock  26,000 Shares   20.0%

Name and Address of Beneficial Owners
of Common Stock

Title of Class

(1)

Amount and Nature of
Beneficial Ownership (1)

is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock subject to options or warrants currently exercisable or convertible, or exercisable or convertible within 60 days of March 31, 2022 are deemed outstanding for computing the percentage of the person holding such option or warrant but are not deemed outstanding for computing the percentage of any other person.

%(2)

Based upon 130,200 shares issued and outstanding on December 31, 2021, and including the if converted common shares.
(3)The preferred is convertible to common at the rate of Common Stock (2)

30 to 1, or 300,000,000 common shares.


John Crippen

Common Stock

(4)

-

-


DIRECTORS AND OFFICERS – TOTAL (One OfficerBarry Clark, the CEO, and Director)

-

-

5% SHAREHOLDERS

Market Milestones, Inc.

297 Kingsbury Grade, MB 4470

Stateline (Lake Tahoe), NV 89449

Common Stock

233,800,000 Shares

80%

Jason Zeng

160 Frederick St. Ste. 906

Toronto, ON Canada M5A4H9

Common Stock

26,000,000 Shares

9%

Stephanie Parker, President of Flowerkist have voting and dispositive power of these shares.


(1)

Beneficial Ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock subject to options or warrants currently exercisable or convertible, or exercisable or convertible within 60 days of October 30, 2015 are deemed outstanding for computing the percentage of the person holding such option or warrant but are not deemed outstanding for computing the percentage of any other person.15


(2)

Based upon 291,200,000 shares issued and outstanding on October 30, 2015, plus the number of shares that such individual has the right to acquire within 60 days of such date.


Item 13. Certain Relationships and Related Transactions, and Director Independence

Other than the transactions described below and under the heading “Executive Compensation” (or with respect to which such information is omitted in accordance with SEC regulations), for the past two fiscal years there have not been, and there is not currently proposed, any transaction or series of similar transactions to which we were or will be a participant in which the amount involved exceeded or will exceed $120,000, and in which any director, executive officer, holder of 5% or more of any class of our capital stock or any memberAs of the immediate familydate of any ofthis Report, Flowerkist Inc. had extended $-0- in interest free demand loans to the foregoing persons had or will have a direct or indirect material interest.Company.


On November 5, 2014, we entered into a Share Exchange Agreement (the “Exchange Agreement”) with 3D MakerJet Asia Ltd., a company formed under the Laws of Hong Kong (“3D MakerJet Asia”) and the shareholder of 3D MakerJet Asia, Jason Zeng. As a result of the transaction, 3D MakerJet Asia became our wholly-owned subsidiary. In accordance with the terms of the Exchange Agreement, at the closing, an aggregate of 26,000,000 shares of our common stock were issued to Mr. Zeng in exchange for his shares of 3D MakerJet Asia.


We issued convertible promissory notes totaling $237,631 to Taylor Touchette, an employee and beneficial owner of Market Milestones Inc., a majority holder in our company. The notes were issued from July 2014 through May 2015. They all mature within one year, bear interest at 15% per annum, and may convert into common stock at the conversion price of $0.001 per share.


In March 2014, our former president, Edward Sundberg, forgave $30,307 of debt. The forgiveness amount is recorded as additional paid in capital.






Director Independence


For purposes of determining director independence, we have applied the definitions set out in NASDAQ Rule 4200(a)(15). Under NASDAQ Rule 4200(a)(15), a director is not considered to be independent if he or she is also an executive officer or employee of the corporation. Accordingly, we do not have an independent director as of July 31, 2015.


Item 14. Principal Accounting Fees and Services


Audit Fees: Audit fees consist of fees billed for professional services rendered for the audit of our year-end financial statements and services that are normally provided in connection with statutory and regulatory filings. Fees incurred were $32,649$21,500 and $16,950$5,400 for the years ended JulyDecember 31, 20152021 and 2014.December 31, 2020.


Audit-Related Fees: Audit-related services consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and are not reported under “Audit Fees.” These services include attest services that are not required by statute or regulation and consultations concerning financial accounting and reporting standards and were not incurred for 2015the years ended December 31, 2021 and 2014.December 31, 2020.


Tax Services Fees: Tax fees consist of fees billed for professional services for tax compliance. These services include assistance regarding federal, state, and local tax compliance. Tax fees were not incurred during the fiscal year ended JulyDecember 31, 2015.2021.


All Other Fees: Other fees, which were not incurred, would include fees for products and services other than the services reported above.

16

 

PART IV

Item 15. Exhibits, Financial Statements Schedules

(a)

Financial Statements and Schedules

The following financial statements and schedules listed below are included in this Form 10-K.

Financial Statements (See Item 8)

(b)

Exhibits

Exhibit


Number

Description

31.1

Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2

Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1

Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002




17



SIGNATURES

 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Flowerkist Skin Care and Cosmetics, Inc.

Date: April 15, 2022

By:/s/ Barry Clark
Barry Clark
Title:Chief Executive Officer and Director

By:/s/ Stephanie Parker
Stephanie Parker
Title:President and Director

 

3D MakerJet, Inc.

By: /s/ John Crippen

John Crippen

President, Chief Executive Officer, Principal Executive Officer,

Chief Financial Officer, Principal Financial Officer,

Principal Accounting Officer, and Director

October 30, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ John Crippen

John Crippen

President, Chief Executive Officer, Principal Executive Officer,

Chief Financial Officer, Principal Financial Officer,

Principal Accounting Officer, and Director

October 30, 2015




17


18