UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q


[X]

☒

QUARTERLY REPORT UNDERPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2011

OR

For the quarterly period ended June 30, 2021

[   ]

☐

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

For the transition period from _______________ to _______________


Commission File No. 000-52304

Commission file number   000-52304

SINO AMERICAN OIL CO

(Exact name of registrant as specified in its charter)


SINO AMERICAN OIL COMPANY
(Exact name

Wyoming

02-3717729

(State or other jurisdiction

(IRS Employer

of incorporation or organization)

Identification No.)

2123 Pioneer Ave, Cheyenne, WY 82001

(Address of principal executive offices and zip code)

(360) 631-6022

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of registrant as specified in its charter)


Nevada
(State or other jurisdiction of incorporation or organization)

5190 Neil Road, Suite 430
Reno, NV   89502
(Address of principal executive offices, including zip code.)

(866) 261-8853
(Registrant’s telephone number, including area code)

the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common

OILY

OTCPink

Indicate by check mark whether the issuerregistrant (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 lastpast 90 days. YES [X]     NO [   ]


Yes ☒ No ☐

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 (SS(§ 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 [   ]     NO [X]


Yes ☒ No ☐

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 an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,“smaller reporting company,” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer ☐

Large

Accelerated Filer

[   ]Accelerated Filer[   ]filer ☐

Non-accelerated filer ☒

Non-accelerated Filer[   ]

Smaller Reporting Company

[X]reporting company ☒

Emerging growth company ☐

(Do not check if smaller reporting company)


i

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [   ]     NO [X]


APPLICABLE ONLY TO CORPORATE ISSUERS:

Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:   43,534,500 asdate. As of August 10, 2011.


September 6, 2021, there were 114,669,500 shares of common stock, $0.0001 par value, outstanding.

ii




TABLE OF CONTENTS


PART I - FINANCIAL INFORMATION

Page

PART I.ITEM 1. FINANCIAL STATEMENTS

1

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

2

Item 1.ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Financial Statements.

3

ITEM 4. CONTROLS AND PROCEDURES

4

Financial Statements:

PART II - OTHER INFORMATION

Balance Sheets
F-1

Statements of Operations
F-2

ITEM 1. LEGAL PROCEEDINGS

Statements of Cash Flows
F-3

5

ITEM 1A. RISK FACTORS

Statements of Stockholders’ Equity
F-4

5

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Notes to the Financial Statements
F-5

5

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

5

Item 2.ITEM 4. MINE SAFETY DISCLOSURES

Management’s Discussion and Analysis of Financial Condition and Results of Operations.9

5

ITEM 5. OTHER INFORMATION

5

Item 3.ITEM 6. EXHIBITS

Quantitative and Qualitative Disclosures About Market Risk.10

5

Item 4.SIGNATURE PAGE

Controls and Procedures.10
PART II.
Item 1A.
Risk Factors.10
Item 6.
Exhibits.10
Signatures
12
Exhibit Index
13

6










-2-


iii

PART I –- FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS


Table of Contents

Balance Sheets as of June 30, 2021 (unaudited) and September 30, 2020

F-1

Statements of Operations for the three and nine months ended June 30, 2021 and 2020 (unaudited)

F-2

Statements of Stockholders’ Deficit for the three and nine months ended June 30, 2021 and 2020 (unaudited)

F-3

Statements of Cash Flows for nine months ended June 30, 2021 and 2020 (unaudited)

F-4

Notes to the Financial Statements (unaudited)

F-5

1

SINO AMERICAN OIL COMPANY

Sino American Oil Company (formerly Raphael Industries Ltd.)
(A Development Stage Company)

Balance Sheets

(Expressed in US dollars)
(Unaudited)

    June 30,September 30,
    20112010
    $$
ASSETS   
      
Current Assets  
 Cash1,129,795171,145
 Restricted cash-856,387
 Prepaid expenses-47
      
Total Current Assets1,129,7951,027,579
      
Property and Equipment (Note 3)5,1351,477
      
Website Development (Note 4)2,390-
   
Total Assets1,137,3201,029,056
      
      
LIABILITIES AND STOCKHOLDERS' EQUITY  
      
Current Liabilities  
 Accounts payable and accrued liabilities87,787
 Licensee fee payable43,41043,410
      
Total Liabilities43,41851,197
      
Going Concern (Note 1)
Commitments  (Note 7)
  
      
Stockholders' Equity  
      
Common stock: 100,000,000 shares authorized, $0.0001 par value  
43,534,500 (19,023,000 shares in September 30, 2010) issued and
outstanding (Note 5)
4,3531,902
Additional Paid-in Capital1,318,248319,248
Share Subscriptions-856,387
Donated Capital (Note 4)254,400232,800
Deficit Accumulated During the Development Stage(483,099)(432,478)
      
Total Stockholders' Equity1,093,902977,859
      
Total Liabilities and Stockholders’ Equity1,137,3201,029,056


 

June 30,

2021

 

September 30,

2020

 

 

(unaudited)

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

Cash

 

$

9,442

 

$

-

Total Assets

 

$

9,442

 

$

-

 

 

 

 

 

 

 

LIABILITIES & STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

Accounts payable

 

$

9,429

 

$

-

Accrued interest

 

 

1,308

 

 

-

Accrued officer compensation

 

 

-

 

 

360,000

Accrued compensation - related party

 

 

90,000

 

 

-

Accrued compensation

 

 

90,000

 

 

-

Loan payable

 

 

53,541

 

 

-

Loans payable - related party

 

 

46,016

 

 

17,414

Total Current Liabilities

 

 

290,294

 

 

377,414

Total Liabilities

 

 

290,294

 

 

377,414

 

 

 

 

 

 

 

Shareholders' Deficit:

 

 

 

 

 

 

Series A preferred stock, $0.001 par value, 10,000,000 shares authorized; 246,320 and 0 shares issued and outstanding; respectively

 

 

246

 

 

-

Series B preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding

 

 

-

 

 

-

Common stock, $0.0001 par value, 2,000,000,000 shares authorized; 112,107,000 and 196,001,500 shares issued and outstanding; respectively

 

 

11,210

 

 

19,600

Stock subscription receivable

 

 

-

 

 

(370,050)

Common stock to be issued

 

 

926,250

 

 

 

Additional paid-in capital

 

 

17,622,346

 

 

2,012,295

Accumulated deficit

 

 

(18,840,904)

 

 

(2,039,259)

Total Stockholders’ Deficit

 

 

(280,852)

 

 

(377,414)

Total Liabilities and Stockholders’ Deficit

 

$

9,442

 

$

-

The accompanying notes are an integral part of these unaudited financial statements

statements.

F-1


-3-


Sino American Oil Company (formerly Raphael Industries Ltd.)
(A Development Stage Company)

SINO AMERICAN OIL COMPANY

Statements of Operations

(Expressed in US dollars)

(Unaudited)


      Accumulated from
  Three monthsThree monthsNine monthsNine monthsOctober 31, 2005
  endedendedendedended(Date of Inception)
  June 30,June 30,June 30,June 30,to June 30,
  20112010201120102011
  $$$$$
       
       
Revenue----205,242
Cost of sales----106,710
      
Gross Profit----98,532
      
Operating Expenses     
      
 Foreign currency (gain) loss3,9956,185(29,010)(1,756)(5,267)
 General and administrative21,91928,96678,18086,383523,740
 Option expense----60,000
       
Total Operating Expenses25,91435,15149,17084,627578,473
      
Net loss before taxes(25,914)(35,151)(49,170)(84,627)(479,941)
      
Income tax expense----1,707
      
Net loss and comprehensive loss(25,914)(35,151)(49,170)(84,627)(481,648)
      
Loss per share – Basic and diluted(0.00)(0.00)(0.00)(0.00) 
      
Weighted Average Shares Outstanding43,534,50028,534,50041,892,16428,534,500 


















 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

June 30,

 

June 30,

 

2021

 

2020

 

2021

 

2020

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

Officer compensation

 

$

1,836,500

 

$

24,000

 

$

1,884,500

 

$

72,000

Consulting

 

 

5,554,756

 

 

-

 

 

5,599,756

 

 

-

Consulting - related party

 

 

9,170,000

 

 

-

 

 

9,230,000

 

 

-

General and administrative

 

 

11,302

 

 

196

 

 

86,081

 

 

712

Total operating expenses

 

 

16,572,558

 

 

24,196

 

 

16,800,337

 

 

72,712

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(16,572,558)

 

 

(24,196)

 

 

(16,800,337)

 

 

(72,712)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Expense:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

(778)

 

 

-

 

 

(1,308)

 

 

-

Total other expense

 

 

(778)

 

 

-

 

 

(1,308)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Loss

 

$

(16,573,336)

 

$

(24,196)

 

$

(16,801,645)

 

$

(72,712)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share

 

$

(0.16)

 

$

(0.01)

 

$

(0.34)

 

$

(0.04)

Weighted average shares outstanding, basic and diluted

 

 

103,215,857

 

 

3,795,385

 

 

49,809,204

 

 

1,808,272

The accompanying notes are an integral part of these unaudited financial statementsstatements.

F-2

F-2

-4-

Sino American Oil Company (formerly Raphael Industries Ltd.)
(A Development Stage Company)

SINO AMERICAN OIL COMPANY

Statements of Cash Flows

(ExpressedChanges in US dollars)
Shareholders’ Deficit

For the Nine Months Ended June 30, 2020 and 2021

(Unaudited)


    Accumulated from
  Nine monthsNine monthsOctober 31, 2005
  Endedended(Date of Inception)
  June 30,June 30,to June 30,
  201120102011
  $$$
     
Operating Activities   
    
 Net loss(49,170)(84,627)(481,648)
    
 Adjustments to reconcile net loss of cash   
 Depreciation1,55977326,627
 Donated services21,60021,600254,400
 Option lapse--50,000
     
 Change in operating assets and liabilities   
 Prepaid expenses476-
 Accounts payable and accrued liabilities(7,779)14,0298
 License fee payable--43,410
    
Net Cash (Used In) Operating Activities(33,743)(48,219)(107,203)
    
Investing Activities   
    
 Deposit on database list option--(50,000)
 Website development(2,390)-(24,390)
 Purchase of equipment(5,217)(2,075)(9,762)
     
Net Cash Flows (Used in) Investing Activities(7,607)(2,075)(84,152)
    
Financing Activities   
    
 Share subscriptions received(856,387)--
 Proceeds from issuance of common stock1,000,000-1,321,150
     
Net Cash Flows Provided by Financing Activities143,613-1,321,150
    
Increase (Decrease) in Cash102,263(50,294)1,129,795
    
Restricted cash released856,387--
    
Cash – Beginning of Period171,145239,248-
    
Cash – End of Period1,129,795188,9541,129,795
    
Supplemental Disclosure   
 Interest paid2915156
 Foreign exchange (gain) loss(29,010)(1,756)(5,267)





 

Preferred Stock

 

Common Stock

 

 

 

 

 

 

 

 

 

 

Shares

 

Amount

 

Shares

 

Amount

 

Additional

Paid-in Capital

 

Stock

Subscription

Receivable

 

Common

stock

To be Issued

 

Accumulated

Deficit

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, September 30, 2019

-

 

$

-

 

193,534,500

 

$

19,353

 

$

1,641,595

 

$

-

 

$

-

 

$

(1,941,465)

 

$

(280,517)

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(24,341)

 

 

(24,341)

Balance, December 31, 2019

-

 

 

-

 

193,534,500

 

 

19,353

 

 

1,641,595

 

 

-

 

 

-

 

 

(1,965,806)

 

 

(304,858)

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(24,174)

 

 

(24,174)

Balance, March 31, 2020

-

 

 

-

 

193,534,500

 

 

19,353

 

 

1,641,595

 

 

-

 

 

-

 

 

(1,989,980)

 

 

(329,032

Common stock sold for cash

-

 

 

-

 

2,467,000

 

 

247

 

 

369,803

 

 

(370,050)

 

 

-

 

 

-

 

 

-

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(24,197)

 

 

(24,197)

Balance, June 30, 2020

-

 

$

-

 

196,001,500

 

$

19,600

 

$

2,011,398

 

$

(370,050)

 

$

-

 

$

(2,014,177)

 

$

(353,229)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, September 30, 2020

-

 

$

-

 

196,001,500

 

$

19,600

 

$

2,012,295

 

$

(370,050)

 

$

-

 

$

(2,039,259)

 

$

(377,414)

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(54,854)

 

 

(54,854)

Balance, December 31, 2020

-

 

 

-

 

196,001,500

 

 

19,600

 

 

2,012,295

 

 

(370,050)

 

 

-

 

 

(2,094,113)

 

 

(432,268)

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(228,309)

 

 

(173,455)

Balance, March 31, 2021

-

 

 

-

 

196,001,500

 

 

19,600

 

 

2,012,295

 

 

(370,050)

 

 

-

 

 

(2,267,568)

 

 

(605,723)

Common stock sold for cash - cancelled

-

 

 

-

 

(2,467,000)

 

 

(247)

 

 

(369,803)

 

 

370,050

 

 

-

 

 

-

 

 

-

Shares issued for services - related party

-

 

 

-

 

4,012,500

 

 

401

 

 

10,030,849

 

 

-

 

 

906,250

 

 

-

 

 

10,937,500

Shares issued for services

-

 

 

-

 

2,200,000

 

 

220

 

 

5,499,780

 

 

-

 

 

-

 

 

-

 

 

5,500,000

Shares issued for debt - related party

-

 

 

-

 

158,680,000

 

 

15,868

 

 

400,839

 

 

-

 

 

-

 

 

-

 

 

416,707

Shares sold for cash

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

20,000

 

 

-

 

 

20,000

Common converted to preferred

246,320

 

 

246

 

(246,320,000)

 

 

(24,632)

 

 

24,386

 

 

-

 

 

-

 

 

-

 

 

-

Contributed services

-

 

 

-

 

-

 

 

-

 

 

24,000

 

 

-

 

 

-

 

 

-

 

 

24,000

Net loss

-

 

 

-

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(16,573,336)

 

 

(16,573,336)

Balance, June 30, 2021

246,320

 

$

246

 

112,107,000

 

$

11,210

 

$

17,622,346

 

$

-

 

$

926,250

 

$

(18,840,904)

 

$

(280,852)

The accompanying notes are an integral part of these unaudited financial statementsstatements.

F-3

F-3

-5-

Sino American Oil Company (formerly Raphael Industries Ltd.)
(A Development Stage Company)

SINO AMERICAN OIL COMPANY

Statements of Stockholders’ Equity

For the Period from October 31, 2005 (Date of Inception) to June 30, 2011
(Expressed in US dollars)
Cash Flows

(Unaudited)


   AdditionalShare  Total
  Common StockPaid-inSubs  Stockholder’s
  SharesAmountCapitalReceivedCapitalDeficitEquity
  #$$$$$$
         
Balance on October 31, 2005 (Date of Inception)--- ---
         
October 31, 2005 - issue of common stock for       
 cash at $1.00 per share11- --1
November 28, 2005 - cancellation of common       
 stock(1)(1)- --(1)
November 28, 2005 - issue of common stock       
 for cash at $0.01 per share1,000,0001004,900 --5,000
April 30, 2006 - issue of common stock       
 for cash at $0.01 per share13,000,0001,30063,700 --65,000
Donated services--- 52,800-52,800
Net loss and comprehensive loss--  -(22,650)(22,650)
         
Balance - September 30, 200614,000,0001,40068,600 52,800(22,650)100,150
        
April 30, 2007 - issue of common stock       
 for cash at $0.10 per share5,023,000502250,648 --251,150
Donated services--- 57,600-57,600
Net loss and comprehensive loss--  -(148,789)(148,789)
        
Balance - September 30, 200719,023,0001,902319,248 110,400(171,439)260,111
        
Donated Services--- 57,600-57,600
Net loss and comprehensive loss--  -(93,376)(93,376)
        
Balance – September 30, 200819,023,0001,902319,248 168,000(264,815)224,335
        
Donated Services--- 36,000-36,000
Net loss and comprehensive loss--  -(69,354)(69,354)
        
Balance – September 30, 200919,023,0001,902319,248 204,000(334,169)190,981
        
Donated Services--- 28,800-28,800
Net loss and comprehensive loss--- -(49,476)(49,476)
        
Balance – September 30, 201019,023,0001,902319,248856,387232,800(432,478)977,859
        
October 1, 2010 – issue of common stock       
For cash at $0.10 per share10,000,0001,000999,000(856,387)--143,613
Donated Services----21,600-21,600
Stock Dividend – March 1, 201114,511,5001,451---(1,451)-
Net loss and comprehensive loss-----(49,170)(49,170)
        
        
Balance – June 30, 201143,534,5004,3531318,248-254,400(483,099)1,093,902




 

 

For the Nine Months Ended

June 30,

 

2021

 

 

2020

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(16,801,645)

 

$

(72,712)

Adjustments to reconcile net loss to net cash used by operating

activities:

 

 

 

 

 

 

Stock issued for services

 

 

5,500,000

 

 

-

Stock issued for services - related party

 

 

10,937,500

 

 

-

Changes in operating assets and liabilities:

 

 

 

 

 

 

Accounts payable

 

 

9,429

 

 

-

Accrued interest

 

 

1,308

 

 

-

Accrued compensation

 

 

90,000

 

 

-

Accrued compensation - related party

 

 

90,000

 

 

-

Accrued officer compensation

 

 

72,000

 

 

72,000

Net cash used by operating activities

 

 

(101,408)

 

 

(712)

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

-

 

 

-

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

Proceeds from the sale of common stock

 

 

20,000

 

 

-

Proceeds from loans payable

 

 

53,541

 

 

-

Proceeds from loans payable - related party

 

 

37,309

 

 

712

Net cash provided by financing activities

 

 

110,850

 

 

712

 

 

 

 

 

 

 

Net change in cash

 

 

9,442

 

 

-

Cash at beginning of period

 

 

-

 

 

-

Cash at end of period

 

$

9,442

 

$

-

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

 

 

 

 

 

 

Cash paid for interest

 

$

-

 

$

-

Cash paid for taxes

 

$

-

 

$

-

 

 

 

 

 

 

 

Non-Cash Financing Activities:

 

 

 

 

 

 

Debt converted to common stock

 

$

8,707

 

$

-

Accrued salary converted to common stock

 

$

408,000

 

$

-

Contributed officer salary

 

$

24,000

 

$

-

Interest expense of beneficial conversion feature

 

$

-

 

$

897

The accompanying notes are an integral part of these unaudited financial statements

statements.

F-4


-6-


SINO AMERICAN OIL COMPANY

Notes to Financial Statements

June 30, 2021

NOTE 1 - DESCRIPTION OF BUSINESS AND HISTORY

Sino American Oil Company (formerly(the “Company”) was incorporated as Raphael Industries Ltd.)

(A Development Stage Company)
Notes to the Interim Financial Statements
June 30, 2011
(Expressed in US dollars)
(Unaudited)

NOTE 1 - NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS

Raphael Industries Ltd. (“the Company”) was incorporated on October 31, 2005 under the laws of the State of Nevada. Its principal business was to market database for commercial use in newsletters, direct mail, and internet marketing promotions.  On November 11, 2010 the companyCompany changed its name to Sino American Oil Company in anticipation of the company’sCompany’s new business direction, which isthe exploration for oil and gas.

The company has re-domiciled its corporate status from Nevada to Wyoming in August 2018.

NOTE 2 - SUMMARY OF SIGNIFICANT POLICIES

Basis of presentation

These unaudited financial statements arehave been prepared in accordance with accounting principles generally accepted accounting principles in the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in the Company’s financial statements for its fiscal year ended September 30, 2020. In the opinion of the Company, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company, as of June 30, 2021 and the results of its operations and cash flows for the nine months then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year ending September 30, 2021.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.

Stock-based Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on our financial statements.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 - GOING CONCERN

The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and dischargethe satisfaction of liabilities and commitments in the normal course of business. To date the Company has funded operations through the issuance of capital stock and the limited generation of revenues. The Company has limitedno source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating history, has generated limited revenuesand investing activities until sufficient positive cash flows from operations and may require additional capital requirements. As at June 30, 2011, the Company has an accumulated deficit of $483,099. These factors raisecan be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. TheseThe financial statements of the Company do not include any adjustments that mightmay result from the outcome of this uncertainty.


Management’s plan is to continue raising additional funds through future equity or debt financings, as needed, until it can generate sufficient revenues to maintain sustainable profitable operations.  Onthese uncertainties.

F-5

NOTE 4 - LOAN PAYABLE

During the nine months send June 3, 201030, 2021, White Sands Securities loaned the Company filed an S-1 registration statement to register 10,000,000 shares for sale at $0.10 per share. The registration statement was declared effective by the Securities and Exchange Commission on June 11, 2010 and raised $1,000,000.  The Company has sufficient capital to maintain operations for the next 12 months.


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Presentation and Fiscal Year

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year-end is September 30.

(b) Interim Financial Statements

The interim financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations, changes in equity$53,541 through a note payable and cash flows for the periods shown.  They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements.  Accordingly, it is suggested that these interim financial statements be read in conjunction with the Company’s September 30, 2010. The results of operations for the periods disclosed are not necessary indicativeadvances. A portion of the results expected for a full year or for any future period.

(c) Recent Accounting Pronouncements

The Company adopts new accounting pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advanceloan is accruing interest at 8% per year. As of their effective adoption date. Management does not believe that any recently issued but not yet effective standards, if currently adopted, would have a material effect on these financial statements.

NOTE 3 – PROPERTY AND EQUIPMENT

   March 31,September 30,
   20112010
  AccumulatedNet CarryingNet Carrying
 CostamortizationValueValue
 $$$$
     
Computer hardware9,7924,6275,1351,477

F-5

-7-

Sino American Oil Company (formerly Raphael Industries Ltd.)
(A Development Stage Company)
Notes to the Interim Financial Statements
June 30, 2011
(Expressed in US dollars)
(Unaudited)

NOTE 4 – WEBSITE DEVELOPMENT

   March 31,September 30,
   20112010
  AccumulatedNet CarryingNet Carrying
 CostamortizationValueValue
 $$$$
     
Website Development24,39022,0002,390-

2021, total accrued interest is $1,308.

NOTE 5 - COMMON STOCK


On November 28, 2005,May 13, 2020, the Company issued 1,000,000sold 2,467,000 shares of common stock to the President of the Company at $0.01$0.15 per share for cashtotal proceeds of $5,000.


$370,050. As of September 30, 2020, the funds had not been received and have been disclosed as a stock subscription receivable in the Statement of Stockholders’ Deficit. On October 31, 2005,December 10, 2020, the Company issued 1 share of common stock tocancelled the President of the Company at $1.00 per share for cash proceeds of $1. The share of common stock was cancelled on November 28, 2005.

On April 30, 2006, the Company issued 13,000,0002,467,000 shares of common stock tosold for cash as the President ofcash was never received from the purchasing parties.

During the nine months ended June 30, 2021, the Company at $0.01 per share for cash proceeds of $65,000.


On April 30, 2007, the Company issued 5,023,000granted 750,000 shares of common stock pursuantfor services. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,875,000.

During the Company’s SB-2 registration statement at $0.10 per sharenine months ended June 30, 2021, the Company sold 8,000 shares of common stock for total cash proceeds of $251,150.


On March 8, 2010,$20,000. As of June 30, 2021, the shares have not yet been issued by the transfer agent and are disclosed as common stock to be issued.

During the nine months ended June 30, 2021, the Company completed a 2-1granted 1,450,000 shares of common stock split. These financial statements give retroactive applicationfor services to this event.


On October 1, 2010White Sands Securities. The shares were valued $2.50, the company completed a fully registered offeringshare price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000.

NOTE 6 - PREFERRED STOCK

Effective June 3, 2019, the Company amended its article of incorporation and authorized 10,000,000 shares at $0.10 per share for cash proceeds of $1,000,000.


On March 1, 2011, the Company issued aSeries A preferred stock, dividend to shareholders of record February 10, 2011 on a 1.5:1 basis.  The increase in shares did not affect the stock price and as a result, only the par value $0.001 and 10,000,000 shares of Series B preferred stock, par value $0.001. Each share of Series A is convertible into 1,000 shares of common.

During the nine months ended June 30, 2021, holders of 246,320,000 shares issued was recorded as an increase toof common stock and an increase to deficit accumulated during the development stage.  The earnings per share calculation gives retroactive effect to this stock dividend.


As at June 30, 2011, there were noconverted those shares subject to options, warrants or other agreements.

into 246,320 shares of Series A preferred stock.

NOTE 6 –7 - RELATED PARTY TRANSACTIONS


Consulting fees

On April 18, 2017, the Company entered into a Convertible Loan Agreement with Kim Halvorson, COO. The loan agreement was entered into pursuant to Ms. Halvorson’s agreement to fund the initial expenses of $21,600 ($21,600 in 2010) were recorded as donated services by the PresidentCompany. Per the terms of the agreement any funds loaned to the company or paid out on behalf of the Company will be convertible into shares of common stock at $0.0001 per share. The loans are due on demand and non-interest bearing. The Company accounted for consulting services providedthe initial conversion feature as a beneficial conversion feature. A beneficial conversion feature arises when the conversion price of a convertible instrument is below the per share fair value of the underlying stock into which it is convertible, with the resulting expense not to exceed the loan amount. The Company accounted for an additional beneficial conversion feature expense of $897 and $9,566 for the years ended September 30, 2020, and 2019, respectively. The amount was immediately expensed to interest expense with a credit to additional paid in capital. During the nine months send June 30, 2021, Ms. Halvorson and Triage MicroCap Advisors LLC (“Triage”) (a company owned by Ms. Halvorson) loaned the Company duringan additional $31,815 and converted $8,707 into 8,680,000 shares of common stock. As of June 30, 2021, and September 30, 2020, the balance due to Ms. Halvorson is $45,522 and $17,414, respectively.

During the nine month periodmonths ended June 30, 2011.  These fees are included in general and administrative, and recorded as donated capital.


NOTE 7 – COMMITMENTS

On March 14, 2011,2021, the Company completed an Option Agreementgranted 750,000 shares of common stock for services to Triage. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,875,000.

During the nine months ended June 30, 2021, the Company granted 1,450,000 shares of common stock for services to Maximum Ventures Holdings LLC. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000. Mr. Tang is a member of Maximum Ventures Holdings LLC.

F-6

During the nine months ended June 30, 2021, the Company granted 1,450,000 shares of common stock for services to Avatele Group LLC. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $3,625,000. Mr. Tang is a member of Avatele Group LLC.

During the nine months ended June 30, 2021, the Company granted 725,000 shares of common stock for services to the CEO per his employment agreement. The shares were valued $2.50, the share price of recently sold shares to unrelated third parties, for total non-cash stock compensation expense of $1,812,500. As of June 30, 2021, 362,500 were issued by the transfer agent but are being held in reserve per his employment agreement.

During the nine months send June 30, 2021, Richard Tang, CEO, advance the Company $494 to pay general operating expenses. The advance is non-interest bearing and due on demand.

During the nine months ended June 30, 2021, the Mr. Tang converted $408,000 of accrued compensation into 150,000,000 shares of common stock. On June 30, 2021, Mr. Tang, forgave of $24,000 of accrued compensation due to him. The $24,000 was credited to additional paid in capital.

NOTE 8 - SUBSEQUENT EVENTS

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, Subsequent Events, from the balance sheet date through the date the financial statements were issued and has determined that no additional material subsequent events exist other than the following.

On August 9, 2021, pursuant to the terms of a consulting agreement, the Company granted 1,200,000 shares of common stock for services to be rendered.

On August 14, 2021, pursuant to the terms of a consulting agreement, the Company granted 1,000,000 shares of common stock for services to be rendered.

Subsequent to June 30, 2021, the Company issued the 362,500 that were granted to the CEO prior to June 30, 2021. The shares are being held in reserve.

F-7

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with Sentry Petroleum (Australia) Pty. Ltd. The option was an exclusive rightour condensed consolidated financial statements and notes to earn an undivided 70% interestour financial statements included elsewhere in Sentry Petroleum (Australia) Pt. Ltd. ATP 865 & ATP 866this report. This discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in Queensland. To earn its interest, these forward-looking statements as a result of various factors discussed elsewhere in this report.

Overview

Sino American Oil Company (the “Company”) is a development stage enterprise that was to pay 100%originally incorporated, on April 2, 2010, under the laws of the costState of Nevada. The Company is in the Oil and Gas Exploration, Development and Production Business and has been since inception. The Company had appointed Ronald Hughes as CEO from the company formation to drillDecember 16, 2016 and complete one wellthen appointed Richard Tang to be the CEO and provide funding up to USD$1,000,000 for additional geological, geophysical, and engineering work.sole director on December 16, 2016. On June 26, 2011, the agreement was jointly terminated andNovember 11, 2018, the Company was releasedfiled a re-domestication to have its domestic corporation be administered under the laws of the State of Wyoming. On January 31, 2021, the Company appointed Jeffrey Standen, as CEO and Director to negotiate and oversee the exploration, development, acquisition and development of new oil and natural gas reserves as well as explore new sources of revenue opportunities.

Sino American Oil Company plans to grow shareholder value through securing oil and natural gas reserves and negotiating oil and natural gas exploration, development and production deals within the United States of America and Canada. The focused industries are oil & gas exploration, oil & gas development, and oil & gas production sales. We anticipate being able to generate revenue on the sale of oil and gas.

Sino American Oil Company is currently negotiating deals within a very large exploration area oil field owners located in the Western Canadian sedimentary basin. The deals involve oil and gas production acquisitions, mineral land acquisitions and further production increases through production optimization and drilling activities as well as production infrastructure installations.

On January 16, 2020, the Company received a Cease Trade Order from any obligation.


F-6

-8-

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

(a)        the British Columbia Securities Commission for failure to file records required as an OTC reporting issuer. We are working to remedy this Order.

Results of Operations


During for the fiscal quarter endingThree Months Ended June 30, 2011,2021, Compared to the Three Months Ended June 30, 2020

We have not generated any revenue to date.

Officer compensation was $1,836,500 compared to $24,000, for the three months ended June 30, 2021 and 2020, respectively. Officer compensation is accrued at $24,000 per quarter for our CEO. In addition, during the current period we realized no revenuealso granted 725,000 shares of common stock for total non-cash expense of $1,812,500.

Consulting expense was $5,554,756 compared to $0 for the quarter endingthree months ended June 30, 2010. Gross profit2021 and 2020, respectively. During the three months ended June 30, 2021, the Company issued common stock for services for total non-cash expense of $5,500,000.

Consulting expense - related party was $9,170,000 compared to $0 for the three months ended June 30, 2021 and 2020, respectively. During the three months ended June 30, 2021, the Company issued common stock for services for total non-cash expense of $9,125,000. We also incur consulting expense of $15,000 per month for services provided by Triage.

General and administrative expense (“G&A”) was $11,302 compared to $196 for the three months ended June 30, 2021 and 2020, respectively. G&A expense increased primarily due to legal expense.

2

Results of Operations for the Nine Months Ended June 30, 2021, Compared to the Nine Months Ended June 30, 2020

We have not generated any revenue to date.

Officer compensation was $1,884,500 compared to $72,000 for the nine months ended June 30, 2021 and 2020, respectively. Officer compensation is accrued at $24,000 per quarter for our CEO. In addition, during the current period we granted 725,000 shares of common stock for total non-cash expense of $1,812,500.

Consulting expense was $5,599,756 compared to $0 for the nine months ended June 30, 2021 and 2020, respectively. During the nine months ended June 30, 2021, the Company issued common stock for services for total non-cash expense of $5,500,000.

Consulting expense - related party was $9,230,000 compared to $0 for the nine months ended June 30, 2021 and 2020, respectively. During the nine months ended June 30, 2021, the Company issued common stock for services for total non-cash expense of $9,125,000. We also incur consulting expense of $15,000 per month for services provided by Triage.

General and administrative expense (“G&A”) was $86,081 compared to $712 for the nine months ended June 30, 2021 and 2020, respectively. G&A expense increased primarily due to audit, legal and accounting expense. We also incurred $58,000 of expense related to oil and gas fees.

Liquidity and Capital Resources

Cash flow from operations

Cash used in operating activities for the nine months ended June 30, 2021 was $101,408 as compared to a profit$712 of $0cash used in 2010. We incurred an operating loss of $25,914 compared to a loss of $35,151 toactivities for the quarter endingnine months ended June 30, 2010. 2020.

Cash Flows from Financing

For the nine months ended June 30, 2021, we received $20,000 from the sale of common stock and $90,850 from related party loans. In the prior period we received $712 from a related party loan.

Going Concern

The major components to expenses faced byaccompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the company duringrealization of assets and the last quarter were general and administrativesatisfaction of $21,919 (2010 - $28,966), costliabilities in the normal course of sales of $0 (2010 - $0), and foreign exchange loss of $3,995 (2010 – loss of $6,185). The foreign exchange loss was caused by the fluctuation of the US dollar vs. the Canadian dollar.business. The Company has been maintaining a portionno source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash in Canadian dollars.


As of June 30, 2011 the Company had $1,129,795 (March 31, 2011 - $1,163,498) in cash. $0 (March 31, 2011 - $0) in prepaid expenses, $5,135 (March 31, 2011 - $5,047) in property and equipment, $8 (March 31, 2011 - $14,909) in accounts payable and $43,410 (March 31, 2011 - $43,410) in licensee fee payable.flows from operations can be generated. There is no long-term debt. The Company may in the future invest in short-term investments from time to time but there can be no assurance that these investments will result in profitfinancing or loss.

Our future growth and successprofitability will be dependent on ourachieved, accordingly, there is substantial doubt about the Company’s ability to explore for and discover hydrocarbons in commercial quantities. Wecontinue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

Off-Balance Sheet Arrangements

We have sufficient capitalno off-balance sheet arrangements.

Critical Accounting Policies

We have identified the policies outlined below as critical to satisfy the potential future exploration expendituresour business operations and we will rely principally on the issuance of Common Stock to raise funds to finance the expenditures that we expect to incur. Failure to raise additional funds will result in the failure to meet our obligations and the relinquishmentan understanding of our interest in our acquired permits. We have relied principally on the issuanceresults of Common Stock in public placementsoperations. Refer to raise funds to support our business but there can be no assurance that we will be successful in raising additional funds through the issuanceNote 2 - Summary of additional equity.


As of the date of this report, our sole source of revenue is the discovery and sale of commercial quantities of hydrocarbons. Accordingly, no table showing percentage breakdown of revenue by business segment or product line is included.

Liquidity and Capital Resources

Cash on hand is currently our only source of liquidity. We do not have any lending arrangements in place with banking or financial institutions and we do not anticipate that we will be able to secure these funding arrangements in the near future.

We have sufficient cash to carry out nominal operations during our current fiscal year. However we will require additional cash to complete on our farm-in obligations. To the extent that we may require additional funds to support our operations or the expansion of our business, we may sell additional equity or issue debt. Any sale of additional equity securities will result in dilution to our stockholders. There can be no assurance that additional financing, if required, will be available to our company or on acceptable terms.

We do not expect any significant purchases of plant and equipment or any increase in the number of employees in the near future.

(b)        Off-balance sheet arrangements

We do not have any off-balance sheet arrangements

Significant Accounting Policies for discussion.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


We areRISK

As a smaller reporting company, as defined by Rule 12b-2 of the Securities Exchange Act of 1934 andwe are not required to provide the information underrequired by this item.


-9-


3

ITEM 4. CONTROLS AND PROCEDURES.


We maintain “disclosure controlsPROCEDURES

Evaluation of Disclosure Controls and procedures,” as such term is defined in Rule 13a-15(e) under the Securities Exchange ActProcedures

As of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. We conductedJune 30, 2021, we carried out an evaluation, (the “Evaluation”), under the supervision and with the participation of management, including our Chief Executive Officer (“CEO”)chief executive and Chief Financial Officer (“CFO”),financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures (“Disclosure Controls”) as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act.procedures. Based on this Evaluation, our CEO and CFOupon that evaluation, management concluded that our Disclosure Controlsdisclosure controls and procedures were not effective as of June 30, 2021, to provide reasonable assurance that the endinformation required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the periods prescribed by U.S. Securities and Exchange Commission and that such information is accumulated and communicated to management, including our chief executive and financial officer, as appropriate, to allow timely decisions regarding required disclosure.

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, 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 period covered by this report.


inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, 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. The design of any system of controls is based, in part, upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Changes in Internal Control over Financial Reporting

There werehas been no changeschange in our internal control over financial reporting during the quarter ended June 30, 20112021, that havehas materially affected, or areis reasonably likely to materially affect, our internal control over financial reporting.



4

PART II. –II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

None

ITEM 1A. RISK FACTORS.


FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this item.


Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS.


Exhibit Incorporated by referenceFiled
NumberDescriptionFormDateNumberHerewith
3.1Articles of Incorporation.SB-26/26/063.1 
      
3.2By-Laws.SB-26/26/063.2 
      
4.1Specimen Stock Certificate.SB-26/26/064.1 
      
10.1License agreement with Free Enterprise Press.SB-26/26/0610.1 
      
10.2License agreement with Global Commodity Press.SB-26/26/0610.2 
      
10.3Agreement with Kroll Direct Marketing.SB-26/26/0610.3 
      
10.4Agreement with Infomat Inc.SB-26/26/0610.4 
      
10.5Agreement with Marketing Software Company.SB-26/26/0610.5 
      
10.6Agreement with List Fusion.SB-26/26/0610.6 
      
10.7Option Agreement with Sentry Petroleum (Australia) Pty. Ltd.8-K3/16/1110.1 
      
31.1Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.   X
      
32.1Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.   X


-10-
EXHIBITS

The following exhibits are filed as a part of this report:

Exhibit

Number*

Title of Document

Location

Item 31

Rule 13a-14(a)/15d-14(a) Certifications

31.01

Certification of Principal Executive and Principal Financial Officer Pursuant to Rule 13a-14

This filing.

Item 32

Section 1350 Certifications

32.01

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

This filing.

Item 101

Interactive Data File

101.INS

XBRL Instance Document

This filing.

101.SCH

Inline XBRL Taxonomy Extension Schema

This filing.

101.CAL

Inline XBRL Taxonomy Extension Calculation Linkbase

This filing.

101.DEF

Inline XBRL Taxonomy Extension Definition Linkbase

This filing.

101.LAB

Inline XBRL Taxonomy Extension Label Linkbase

This filing.

101.PRE

Inline XBRL Taxonomy Extension Presentation Linkbase

This filing.

*All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. 

**The XBRL related information in Exhibit 101 will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and will not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as is expressly set forth by specific reference in such filing or document. 



5

SIGNATURES

SIGNATURE PAGE

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrantregistrant has duly caused this report to be signed on its behalf by the undersigned thereuntohereunto duly authorized, on this 12th day of August, 2011.


authorized.

SINO AMERICAN OIL COMPANY

(the "Registrant")

Dated: September 17, 2021

BY:

By:

RONALD HUGHES

/s/ Jeffrey Standen

Ronald Hughes

Jeffrey Standen

President,

Principal Executive Officer Principal Accounting Officer,and Principal Financial Officer Secretary, Treasurer and sole member of the Board of Directors

6



















-11-


EXHIBIT INDEX

Exhibit Incorporated by referenceFiled
NumberDescriptionFormDateNumberHerewith
3.1Articles of Incorporation.SB-26/26/063.1 
      
3.2By-Laws.SB-26/26/063.2 
      
4.1Specimen Stock Certificate.SB-26/26/064.1 
      
10.1License agreement with Free Enterprise Press.SB-26/26/0610.1 
      
10.2License agreement with Global Commodity Press.SB-26/26/0610.2 
      
10.3Agreement with Kroll Direct Marketing.SB-26/26/0610.3 
      
10.4Agreement with Infomat Inc.SB-26/26/0610.4 
      
10.5Agreement with Marketing Software Company.SB-26/26/0610.5 
      
10.6Agreement with List Fusion.SB-26/26/0610.6 
      
10.7Option Agreement with Sentry Petroleum (Australia) Pty. Ltd.8-K3/16/1110.1 
      
31.1Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.   X
      
32.1Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.   X













-12-