UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period endedJuneSeptember 30, 2012

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

Commission file number000-24970

LL-AMERICANSPORTPARK, INC.
(Exact name of registrant as specified in its charter)

(Address of principal executive offices)

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNo¨

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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YesxNo¨

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

               Large accelerated filer¨ Accelerated filer¨ 

               Non-accelerated filer¨   (Do not check if a smaller reporting company)   Smaller reporting companyx 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes       Nox

                The number of shares of Common Stock, $0.001 par value, outstanding on August 1,November 5, 2012 was 4,522,123 shares.

All-American Sportpark, Inc. 

Form 10-Q

Index

PART 1 – FINANCIAL INFORMATION

Item ITEM1 Financial StatementsFINANCIALSTATEMENTS
ALL-AMERICANSPORTPARK, INC.
CONDENSEDCONSOLIDATEDBALANCESHEETS

All-American SportPark, Inc.

Condensed Consolidated Balance Sheets

The accompanying notes are an integral part of these condensed consolidated financial statements.

ALL-AMERICAN SPORTPARK, INC.
Condensed Consolidated Statements of Operations
(Unaudited)

The accompanying notes are an integral part of these condensed financial statements.

ALL-AMERICAN SPORTPARK, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

All-American Sportpark, Inc.ALL-AMERICANSPORTPARK, INC.

Notes to Condensed Consolidated Financial StatementsNOTES TOCONDENSEDCONSOLIDATEDFINANCIALSTATEMENTS
(Unaudited)

(Unaudited)

Note 1 – Basis of presentation

The condensed consolidated interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by All-American SportPark, Inc. (the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these consolidated interim financial statements be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, 2011 and notes thereto included in the Company's Form 10-K. The Company follows the same accounting policies in the preparation of consolidated interim reports.

Results of operations for the interim periods may not be indicative of annual results.

Certain reclassifications have been made in prior periods’ financial statements to conform to classifications used in the current period.

Note 2 – Going concern

As of JuneSeptember 30, 2012, we had an accumulated deficit of $25,321,682.$25,571,113. In addition, the Company’s current liabilities exceed its current assets by $10,511,510$10,788,712 as of JuneSeptember 30, 2012. These conditions have raised substantial doubt about the Company's ability to continue as a going concern. Although our recent growth has greatly improved cash flows, we nonetheless need to obtain additional financing to fund payment of obligations and to provide working capital for operations. Management is seeking additional financing, and is now looking for a merger or acquisition candidate. It is management’s objective to review the acquisition of interests in various business opportunities, which in their opinion will provide a profit to the Company. Management believes these efforts will generate sufficient cash flows from future operations to pay the Company's obligations and working capital needs. There is no assurance any of these transactions will occur. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

Note 3 – Recent accounting Policies

On January 1,In July of 2012 changes were issued by the Financial Accounting Standards Board (FASB) to conform existing guidance regarding fair value measurementEntertainment – Films in which it discusses accounting for Fair Value Information That arises after the Measurement Date and disclosure between GAAP and International Financial Reporting Standards. These changes both clarifyits inclusion in the FASB’s intentImpairment Analysis of

aboutIn June of 2012, the application of existing fair value measurement and disclosure requirements and amend certain principles or requirements for measuring fair value or for disclosing information about fair value measurements. The clarifying changes relate to the applicationFASB issued a standard regarding Business Combinations as a consensus of the highest and best use and valuation premise concepts, measuringFASB Emerging Issues Task Force updated the fair valueabove standard stating that subsequent accounting for an indemnification asset recognized at the acquisition date as a result of an instrument classified in a reporting entity’s shareholders’ equity, and disclosuregovernment-assisted acquisition of quantitative information about unobservable inputs used for Level 3 fair value measurements. The amendments relate to measuring the fair value ofa financial instrumentsinstitution. After reviewing we found that are managed within a portfolio; application of premiums and discounts in a fair value measurement; and additional disclosures concerning the valuation processes used and sensitivity of the fair value measurement tothere will be no changes in unobservable inputs for those items categorizedour presentation with regards to this new standard as Level 3, a reporting entity’s use of a nonfinancial asset in a way that differs from the asset’s highest and best use, and the categorization by level in the fair value hierarchy for items required to be measured at fair value for disclosure purposes only. Other than the additional disclosure requirements, the adoption of these changes hadit has no impact on the Consolidated Financial Statements.

On January 1,In May of 2012 an Update to the Statement of Cash Flows was issued by the FASB issued changesstating that Not-for-Profit Entities are required to the presentationclassify their sales proceeds of comprehensive income. These changes give an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income eitherdonated financial assets in a single continuous statement of comprehensive income or in two separate but consecutive statements; the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity was eliminated. The items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income were not changed. Additionally, no changes were made to the calculation and presentation of earnings per share. Management elected to present the two-statement option. Other than the change in presentation, the adoption of these changes had no impact on the Consolidated Financial Statements.

In December 2011, the Financial Accounting Standards Board (“FASB”) released Accounting Standards Update No. 2011-10 (“ASU 2011-10”),Property, Plant and Equipment (Topic 360): Derecognition of in Substance Real Estate—cash flows as a Scope Clarification (a consensus of the FASB Emerging Issues Task Force).ASU 2011-10 clarifies when a parent (reporting entity) ceasesForce. This has no implication for us and will not change our Consolidated Cash Flow.

An update to have a controlling financial interestTechnical Amendments and Corrections to SEC Sections: was issued March of 2012 by FASB stating amendments to SEC Paragraphs Pursuant to SEC Staff accounting bulletin No. 114, Technical Amendments pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting standards Update 2010-22 (SEC Update).

In February 2012 an update by FASB was made to Intangibles – Goodwill and Other (Topic 350) regarding testing indefinite live intangible assets for impairment. As well in a subsidiary that is in substance real estate as a result of default onJanuary 2012 an update was made to Health Care Entities (Topic 954) by the subsidiary’s nonrecourse debt, the reporting entity should apply the guidance for Real Estate Sale (Subtopic 360-20). The provisions of ASU 2011-10 are effective for public companies for fiscal years and interim periods within those years, beginning on or after June 15, 2012. When adopted, ASU 2011-10 is not expected to materially impact the consolidated financial statement.FASB regarding continuing care retirement communities – refundable advance fees.

Note 4 – Non-controlling interest

Non-controlling interest represents the minority stockholders’ proportionate share of the equity of All-American Golf Center ("AAGC') which is a 51% owned subsidiary of the Company. At JuneSeptember 30, 2012, we owned 51% of AAGC’s capital stock, representing voting control and a majority interest. Our controlling ownership interest requires that AAGC’s operations be included in the Condensed Consolidated Financial Statements contained herein. The 49% equity interest that is not owned by us is shown as “Non-controlling interest in consolidated subsidiary” in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. As of JuneSeptember 30, 2012, St. Andrews Golf Shop, our minority interest partner and a relatedpartyrelated party held a $406,278$361,913 interest in the net asset value of our subsidiary AAGC and a $84,686$40,321 interest in the net income from operations of AAGC for the sixnine months ended JuneSeptember 30, 2012.

Note 5 – Related party transactions

Due to related parties

The Company’s employees provide administrative/accounting support for (a) three golf retail stores, one of which is named Saint Andrews Golf Shop ("SAGS") and the other two Las Vegas Golf and Tennis ("District Store") and Las Vegas Golf and Tennis Superstore (“Westside”), owned by the Company's President and his brother. The SAGS store is the retail tenant in the CGC.

Administrative/accounting payroll and employee benefits expenses are allocated based on an annual review of the personnel time expended for each entity. Amounts allocated to these related parties by the Company approximated $41,741$63,459 and $54,666$68,712 for the sixnine months ended JuneSeptember 30, 2012 and 2011, respectively. The Company records this allocation by reducing the related expenses and allocating them to the related parties.

In addition to the administrative/accounting support provided by the Company to the above stores, the Company received funding for operations from these and various other stores owned by the Company’s President, his brother, and Chairman. These funds helped pay for office supplies, phone charges, postages, and salaries. The net amount due to these stores totaled $1,347,324$1,301,494 and $1,370,830 $1,370,830 as of JuneSeptember 30, 2012 and December 31, 2011, respectively. The amounts are non-interest bearing and due out of available cash flows of the Company. Additionally, the Company has the right to offset the administrative/accounting support against the funds received from these stores.

Both the Company’s President and his brother have continued to defer half of their monthly salaries until the Company is in a more positive financial state. The amounts deferred for the sixnine months ended JuneSeptember 30, 2012 are $85,000 and $53,125,2011 were $162,500 and $40,000, respectively.

Notes and Interest Payable to Related Parties:

The Company has various notes and interest payable to the following entities as of JuneSeptember 30, 2012, and December 31, 2011, respectively:

All maturities of related party notes payable and the related accrued interest payable as of JuneSeptember 30, 2012 are due and payable upon demand. As of JuneSeptember 30, 2012, the Company has no loans or other obligations with restrictive debt or similar covenants.

On June 15, 2009, the Company entered into a “Stock Transfer Agreement” with St. Andrews Golf, Ltd. a Nevada limited liability company, which is wholly-owned by Ronald Boreta, our chief executive officer and John Boreta, a principal shareholder of the Company. Pursuant to this agreement, wethe Company agreed to transfer a 49% interest in our wholly owned subsidiary, AAGC as a partial principal payment in the amount of $600,000 on the Company’s outstanding loan due to St. Andrews Golf Shop, Ltd. In March 2009, the Company engaged the services of an independent third party business valuation firm, Houlihan Valuation Advisors, to determine the fair value of the business and the corresponding minority interest. Based on the Minority Value Estimate presented in connection with this appraisal, which included valuations utilizing the income, market and transaction approaches in its valuation methodology, the fair value of a 49% interest totaled $600,000.

As of JuneSeptember 30, 2012 and December 31, 2011, accrued interest payable - related parties related to the notes payable – related parties totaled $4,764,361$4,871,348 and $4,550,848, respectively.

Lease to SAGS

The Company subleases space in the clubhouse to SAGS. Base rent includes $13,104 per month through July 2012 with a 5% increase for each of two 5-year options to extend in July 2012 and July 2017. For the six month ending Junenine months ended September 30, 2012 and 2011, the Company recognized rental income totaling $78,624$79,797 and $78,624, respectively.

Note 6 – Commitments

Lease agreements

The land underlying the CGC is leased under an operating lease that expires in 2012 and has two five-year renewal options. In March 2006, the Company exercised the first of two options, extending the lease to 2018. Also, the lease has a provision for contingent rent to be paid by AAGC upon reaching certain levels of gross revenues. The Company recognizes the minimum rental expense on a straight-line basis over the term of the lease, which includes the two five year renewal options.

At JuneSeptember 30, 2012, minimum future lease payments under non-cancelable operating leases are as follows:

2012                           $             252,878

2013                                          529,840

2014                                          529,840

2015                                          529,840

2016                                          529,840

Thereafter                               3,311,503

$         5,683,741

Total rent expense for this operating lease was $243,030$363,722 and $243,030$364,545 for the sixnine months ended JuneSeptember 30, 2012 and 2011, respectively.

Capital Lease

The Company entered into a capital lease for new Club Car gas powered golf carts. The lease is 47 months in length and started on March 1, 2010. The Company pays $2,612 a month in principal and interest expense related to the lease.

The Company entered into a capital lease for a new telephone system during the third quarter of 2011. The lease is 36 months in length and started in July of 2011. The Company pays $642 a month in principal and interest expense related to the lease.

The following is a schedule by year of future minimum payments required under these lease agreements.

Accumulated depreciation for the capital leases as of JuneSeptember 30, 2012 and December 31, 2011 was $64,607$23,179 and $49,154, respectively.

Customer Agreement

On June 19, 2009, the Company entered into a “Customer Agreement” with Callaway Golf Company (“Callaway”) and St. Andrews Golf Shop, Ltd. (“SAGS”) through our majority owned subsidiary AAGC. Pursuant to this agreement, AAGC shall expend an amount equal to or exceeding $250,000 for marketing and promotion of Callaway for a period of approximately three and one half years with an automatic extension to December 31, 2018 unless written notice of termination is received by November 2013. Additionally, pursuant to the Customer Agreement AAGC has expended amounts to improve both its range facility as well as the golfing center. These improvements includeincluded Callaway Golf® branding elements. Callaway agreed to provide funding and resources in the minimum amount of $2,750,000 to be allocated as follows: 1) $750,000 towards operating expenses of AAGC;AAGC in 2009; 2) $750,000 towards facility improvements for both AAGC and St. Andrews Golf Shop; 3) $500,000 in range landing area improvements of AAGC and 4) three payments each of $250,000 for annual advertising expenses paid by AAGC, which will be repaidpaid in the form of golf merchandise to SAGS. AAGC will then beis reimbursed by SAGS for AAGC’s expenditures in advertising as incurred. Due to the fact that SAGS is a related party, the Company is also considered a customer of Callaway as it relates to the Customer Agreement. As a result, we recognized the contributions from Callaway as follows:

Contribution of operating expenses totaling $750,000 (received July 2009) was treated as a reduction of operating expenses and therefore reduced our “General and administrative” expense by that amount.

Contribution of range and other facility improvements totaling $554,552 were recorded as a reduction of the costs for those improvements. The contributions, which were made directly by Callaway to the applicable contractors and vendors completing the work, were exactly equal to the costs and therefore, no value as been recorded for these improvements.

The annual payments for advertising began in 2010 and will continue as long as Callaway, AAGC and SAGS agree to maintain the agreement through the term of the Customer Agreement in December 2018. Such contributions from Callaway of up to $250,000 annually will berecordedare recorded as a reduction of the Company’s costs for the related advertising. Additionally, the contributions

are to be paid to SAGS in the form of golf related products. SAGS will then reimbursereimburses AAGC in monies as the related golf products are received. During the sixnine months ending Juneended September 30, 2012 and 2011, SAGS reimbursed AAGC $78,841and $70,921, and $66,001, respectively.respectively for advertising costs.

Note 7 – Stockholders' deficit

We are authorized to issue 10,000,000 shares of $0.001 par value preferred stock and 50,000,000 shares of $0.001 par value common stock.

Preferred stock

As of JuneSeptember 30, 2012, we had no preferred shares issued and outstanding.

Common stock

As of JuneSeptember 30, 2012, we had 4,522,123 shares of our $0.001 par value common stock issued and outstanding. We had no new issuances during the periodnine months ended JuneSeptember 30, 2012.

Note 8 – Subsequent Events

Upon our evaluation of events and transactions that have occurred subsequent to the balance sheet date, we had paid a deposit during the fourthquarter of 2011 to have the lake area drained and new landscaping put in on our course.  This project was finished in April and we received an abatement from the Las Vegas Valley Water Authority for $42,385. determined that there were no significant subsequent events that have taken place since that date.

Item ITEM2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.M

ANAGEMENT’SDISCUSSION ANDANALYSIS OFFINANCIALCONDITION ANDRESULTS OFOPERATIONS.

Forward-Looking Statements

This document contains “forward-looking statements.” All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures we make in future filings of our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors affecting these risks and uncertainties include, but are not limited to:

·

• increased competitive pressures from existing competitors and new entrants;

  ·

• deterioration in general or regional economic conditions;

  ·

• adverse state or federal legislation or regulation that increases the costs of compliance, or adverseoradverse findings by a regulator with respect to existing operations;

  ·

• loss of customers or sales weakness;

  ·

• inability to achieve future sales levels or other operating results;

  ·

• the inability of management to effectively implement our strategies and business plans;and

  ·

• the other risks and uncertainties detailed in this report.

  11

Overview of Current Operations

On June 19, 2009, the Company entered into a “Customer Agreement” with Callaway Golf Company (“Callaway”) and St. Andrews Golf Shop, Ltd. (“SAGS”) through our majority owned subsidiary AAGC. Pursuant to this agreement, AAGC shall expend an amount equal to or exceeding $250,000 for marketing and promotion of Callaway for a period of approximately three and one half years with an automatic extension to December 31, 2018 unless written notice of termination is received by November 2013. Additionally, pursuant to the Customer Agreement AAGC will expendexpended amounts to improve both theirits range facility as well as the golfing center. These improvements are to includeincluded Callaway Golf® branding elements. Callaway has agreed to provide

funding and resources in the minimum amount of $2,750,000 to be allocated as follows: 1) $750,000 towards operating expenses of AAGC;AAGC in 2009; 2) $750,000 towards facility improvements for both AAGC and St. Andrews Golf Shop; 3) $500,000 in range landing area improvements of AAGC and 4) three payments each of $250,000 for annual advertising expenses paid by AAGC, which will be repaidpaid in the form of golf related productsmerchandise to SAGS. AAGC will then beis reimbursed by SAGS for AAGC’s expenditures in advertising as incurred. In substance, due to the related party nature of SAGS, the Company is also considered a customer of Callaway as it relates to this agreement. As a result, we recognized the contributions from Callaway as follows:

·Contribution of operating expenses totaling $750,000 (received July 2009) was treated as a reduction of operating expenses and therefore reduced our “General and administrative” expense by that amount during 2009.

·Contribution of range and other facility improvements totaling $554,552 were recorded as a reduction of the costs for those improvements. The contributions, which were made directly by Callaway Golf Company to the applicable contractors and vendors completing the work, were exactly equal to the costs and therefore, no value as been recorded for these improvements.

The annual payments for advertising began in 2010 and will continue as long as Callaway, AAGC and SAGS agree to maintain the agreement through the term of the Customer Agreement in December 2018. Such contributions from Callaway of up to $250,000 annually will beare recorded as a reduction of the Company’s costs for the related advertising. Additionally, the contributions are to be paid to SAGS in the form of golf related products. SAGS will then reimbursereimburses AAGC in the form of monies as the as the related golf products are received.

On January 25, 2011, The 305 Group leased the restaurant lease at the Callaway Golf Center. They have renamed the restaurant The Upper Deck Grill and Sports Lounge. The tenant remodeled the entire restaurant space and opened to the public on April 28, 2011. They now offer fresh made foods for the restaurant and bar. The tenant is paying $4,000 a month in rent increasing by 4% each month and potential percentage rent could be paid if the tenant's sales reach certain levels.

Results of Operations for the three months ended JuneSeptember 30, 2012 and 2011 compared.

The following tables summarize selected items from the statement of operations for the three months ended JuneSeptember 30, 2012 compared to the three months ended JuneSeptember 30, 2011.

INCOME:

EXPENSES:

General and Administrative Expenses

General and administrative expenses for the three months JuneSeptember 30, 2012 were $363,327, a decrease$408,331, an increase of $4,905$3,976 or 1.33%.98%, from $368,232$404,355 for the three months ended JuneSeptember 30, 2011. Expenses were slightly down dueup as we had to a review of operational contracts and vendors making changes as necessary to saverepair damage caused by the Company money. 

record breaking rains we experienced in the third quarter.

Depreciation and amortization expenses for the three months ended JuneSeptember 30, 2012 were $26,470,$25,612 a decrease of $403,$2,984, or 1.50%10.44% from $26,873$28,596 for the three months ended JuneSeptember 30, 2011.

Total Expenses

Our overall operating expenses decreasedincreased to $389,797$433,943 for the three months ended JuneSeptember 30, 2012 as compared to $395,105$432,951 for the three months ended JuneSeptember 30, 2011. The decrease in total expenses was $5,308$992 or 1.34% and was primarily due to the adjustments in operational contracts with vendors. 

.23%.

IncomeLoss from Operations

We had an incomea loss from operations of $81,520$152,191 for the three months ended JuneSeptember 30, 2012 as compared to an incomea loss from operations of $111,493$110,792 for the three months ended JuneSeptember 30, 3011 a decrease of $29,973$41,399 or 26.88%(37.37)%. The decreaseincreased loss was due to less leaguerevenue as a result of the unseasonable weather and special events heldthe extra staff and equipment needed to repair damage from the weather during the three months ending JuneSeptember 30, 2012.

Interest Expense

Our interest expense increased by 6.96%9.22% or $12,657$11,399 from $122,722$123,601 for the three months ended JuneSeptember 30, 2011 to $135,379$135,000 for the three months ended JuneSeptember 30, 2012. The difference is due to continued growth of interest due on various leases telephone and loans.

landscape equipment leases.

(Loss) GainLoss on Property and Equipment

A review of our fixed assets found that some items were no longer in service or had been disposed of. Those items were adjusted in the second quarter of 2012. Further adjustments were completed in the third quarter. The loss on property and equipment was $58,445$2,436 as compared to a gainno loss in the secondthird quarter 2011 of $36,533.

2011.

Net (Loss) IncomeLoss

The net loss for the three months ended JuneSeptember 30, 2012 was $112,290$292,109 (before non-controlling interest) as compared with net incomeloss of $25,304$234,393 for the same period in 2011. The increased net loss was primarily due to a decrease in revenue due to unseasonable weather and increased cost of sales as a result of the retiring of fixed assets in 2012.  

cleanup that was required.

The net income attributable to non-controlling interest for the firstthird quarter of 2012 was $59,592$44,365 as compared to $120,354$13,297 for the same period in 2011. That resulted in net loss attributable to All-American

All-American Sport Park of $171,882$247,744 for 2012 as compared to $95,050$221,096 for 2011, an increase of $76,832$26,648 or 80.33%12.05%.

Results of Operations for the sixnine months ended JuneSeptember 30, 2012 and 2011 compared.

The following tables summarize selected items from the statement of operations for the sixnine months ended JuneSeptember 30, 2012 compared to the sixnine months ended JuneSeptember 30, 2011.

INCOME:

EXPENSES: