Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q/A

 

Amendment No. 1

 

( Mark One)

 

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

 

For the quarterly period ended JulyOctober 31, 2022 or or

 

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

 

For the transition period from __________ to__________

  

Commission File Number: 333-161240

 

Kashin, Inc.

(Exact name of registrant as specified in it's charter)  

 

Nevada 26-4711535
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   
112 North Curry Street, Carson City, NV 89703-493489703-4934
(Address of principal executive offices) (Zip Code)

 

(626) 429-2780

(Registrant's telephone number, including area code)

 

_____________________________________________________________ 

(Former name, former address and former fiscal year, if changed since last report)

 

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.  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 (§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

 

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  Smaller reporting company
(Do not check if a smaller reporting company)Emerging growth company

 

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

 

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

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court ☐ Yes   ☐ No

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

As of June 17, 2023, the Company had 53,560,745 common shares issued and outstanding.

 

 

   

 

 

EXPLANATORY NOTE

 

This Amendment No. 1 to the Quarterly Report on Form 10-Q is being filed due to the issuance of additional shares to Carl Maybin during the first quarter that were note forwarded to the accounting department for recordation thus having to amend all the reports to current.

 

 

 

 

 

 

 

 

 

 

 

 

   
 

 

TABLE OF CONTENTS

 

 

PART I—FINANCIAL INFORMATION    
      
Item 1Financial Statements4
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsOperations.  810 
      
Item 3. Quantitative and Qualitative Disclosures About Market Risk.  811 
      
Item 4. Controls and ProceduresProcedures.  911 
      
PART II—OTHER INFORMATION    
      
Item 1. Legal ProceedingsProceedings.  1012 
      
Item 1A. Risk FactorsFactors.  1012 
      
Item 2.  Unregistered Sales of Securities and Use of ProceedsProceeds.  1012 
      
Item 3.  Defaults Upon Senior SecuritiesSecurities.  1012 
      
Item 4.  Mine Safety DisclosuresDisclosures.  1012 
      
Item 5.  Other InformationInformation.  1012 
      
Item 6.  ExhibitsExhibits.  1112 

 

 

 2 

 

 
KASHIN, INC



CONDENSED FINANCIAL STATEMENTS

July

October
31, 2022



Unaudited

 

 

CONDENSED BALANCE SHEETS  4 
     
CONDENSED STATEMENTS OF OPERATIONS  5 
     

CONDENSED STATEMENTSSTATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

  6 
     
CONDENSED STATEMENTS OF CASH FLOWS  7 
     
NOTES TO UNAUDITED CONDENSED INTERIM AUDITED FINANCIAL STATEMENTS  8 

 

 

 

 

 3 

 

 

PART I. FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

KASHIN, INC


CONDENSED BALANCE SHEETS
Unaudited

 

CONDENSED BALANCE SHEETS

Unaudited

 July 31, 2022  April 30, 2022  October 31, 2022  April 30, 2022 
          
ASSETS                
                
CURRENT ASSETS                
Cash $0  $0  $  $ 
TOTAL CURRENT ASSETS $0  $0  $  $ 
                
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                
                
CURRENT LIABILITIES                
Accounts payable and accrued liabilities $5,233  $4,876  $5,590  $4,876 
Other Payables  30,351   28,501   35,886   28,501 
Notes Payable  0   0       
TOTAL CURRENT LIABILITIES $35,584  $33,377  $41,476  $33,377 
                
STOCKHOLDERS' EQUITY (DEFICIT)                
Capital stock – Authorized 75,000,000 shares of common stock, $0.001 par value, issued and outstanding  53,561   28,561 
Capital stock – Authorized 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding  53,561   28,561 
Additional Paid in Capital  494,019   494,019   494,019   494,019 
Accumulated deficit  (583,164)  (555,957)  (589,056)  (555,957)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)  (35,584)  (33,377)  (41,476)  (33,377)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) $0  $0  $  $ 

 

 

The accompanying notes are an integral part of these financial statements

 

 

 4 

 

 

KASHIN, INC


fka ONE CLEAN PLANET, INC.



CONDENSED STATEMENTS OF OPERATIONS
Unaudited

Unaudited

 

 

  

3 months

ended

  

3 months

ended

 
  July 31, 2022  July 31, 2021 
REVENUE        
         
Revenues $  $ 
Total Revenues      
         
EXPENSES        
         
Office and general  27,207   357 
Professional Fees      
Total Expenses, before provision of income taxes  27,207   357 
         
Provision for income taxes      
         
NET LOSS $(27,207) $(357)
         
BASIC AND DILUTED LOSS PER COMMON SHARE $  $ 
         
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING  53,560,745   28,560,745 

  

3 Months

Ended

  

3 Months

Ended

  

6 Months

Ended

  

6 Months

Ended

 
  October 31, 2022  October 31, 2021  October 31, 2022  October 31, 2021 
REVENUE                
                 
Revenues $  $  $  $–  
Total Revenues           –  
                 
EXPENSES                
                 
Office and general  517   357   2,724   714 
Professional Fees  5,375   12,000   30,375   12,000 
Total Expenses, before provision of income taxes  5,892   12,357   33,099   12,714 
                 
Provision for income taxes            
                 
NET LOSS $(5,892) $(12,357) $(33,099)  (12,714)
                 
BASIC AND DILUTED LOSS PER COMMON SHARE $  $  $  $ 
                 
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING  53,560,745   28,560,745   53,560,745   28,560,745 

 

The accompanying notes are an integral part of these financial statements

 

All share and per share information has been retrospectively restated to reflect the 35:1 reverse split

 

 

 

 5 

 

 

KASHIN, INC

fka ONE CLEAN PLANET, INC.

 

CONDENSED STATEMENTSSTATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

Unaudited

 

 

                         
  Common Stock  Additional Paid-in  Share Subscriptions  Accumulated    
  Shares  Amount  Capital  Receivable  Deficit  Total 
                   
Balance, April 30, 2021  28,560,745  $28,561  $494,019  $  $(534,073) $(11,493)
                         
Net profit (loss) for the period ended July 31, 2021              (357)  (357)
                         
Balance, July 31, 2021  28,560,745  $28,561  $494,019  $  $(534,430) $(11,850)
                         
Net profit (loss) for the period ended October 31, 2021              (12,357)  (12,357)
                         
Balance, October 31, 2021  25,680,745  $28,561  $494,019  $  $(546,787) $(24,207)
                         
Net profit (loss) for the period ended January 31, 2022              (13)  (13)
                         
Balance, January 31, 2022  25,680,745  $28,561  $494,019  $  $(546,800) $(24,207)
                         
Net profit for the year ended April 30, 2022              (9,157)  (9,157)
                         
Balance, April 30, 2022  28,560,745  $28,561  $494,019  $  $(555,957) $(33,377)
                         
Stock issued new  25,000,000   25,000            25,000 
Net profit for the year ended July 31, 2022              (27,207)  (27,207)
                         
Balance, July 31, 2022  53,560,745  $53,561  $494,019  $  $(583,164) $(35,584)

                         
  Common Stock  Additional Paid-in  Share Subscriptions  Accumulated    
  Shares  Amount  Capital  Receivable  Deficit  Total 
                   
Balance, April 30, 2021  28,560,745  $28,561  $494,019  $  $(534,073) $(11,493)
                         
Net profit (loss) for the period ended July 31, 2021              (357)  (357)
                         
Balance, July 31, 2021  28,560,745  $28,561  $494,019  $  $(534,430) $(11,850)
                         
Net profit (loss) for the period ended October 31, 2021              (12,357)  (12,357)
                         
Balance, October 31, 2021  25,680,745  $28,561  $494,019  $  $(546,787) $(24,207)
                         
Net profit (loss) for the period ended January 31, 2022              (13)  (13)
                         
Balance, January 31, 2022  25,680,745  $28,561  $494,019  $  $(546,800) $(24,207)
                         
Net profit for the year ended April 30, 2022              (9,157)  (9,157)
                         
Balance, April 30, 2022  28,560,745  $28,561  $494,019  $  $(555,957) $(33,377)
                         
Stock issued new  25,000,000   25,000            25,000 
Net profit for the year ended July 31, 2022              (27,207)  (27,207)
                         
Balance, July 31, 2022  53,560,745  $53,561  $494,019  $  $(583,164) $(35,584)
                         
Net profit for the year ended October 31, 2022              (5,892)  (5,892)
                         
Balance, October 31, 2022  53,560,745  $53,561  $494,019  $  $(589,056) $(41,476)

 

 

 

 6 

 

 

KASHIN, INC


fka ONE CLEAN PLANET, INC.



CONDENSED STATEMENTS OF CASH FLOWS
Unaudited

Unaudited

 

  6 Months  6 Months 
  Ended  Ended 
  October 31, 2022  October 31, 2021 
OPERATING ACTIVITIES        
Net loss $(33,099) $(12,714)
Adjustment to reconcile net loss to net cash used in operating activities:        
Stock issued for consulting services      
Expenses paid on company's behalf by related party  7,385   12,000 
Increase (decrease) in accounts payable  714   714 
         
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES  (25,000)   
         
FINANCING ACTIVITIES        
Proceeds from sale of common stock  25,000    
Notes Payable      
Loan from Related Party      
         
NET CASH PROVIDED BY FINANCING ACTIVITIES  25,000    
         
NET INCREASE (DECREASE) IN CASH      
         
CASH, BEGINNING OF PERIOD      
         
CASH, END OF PERIOD $  $ 
         
Supplemental cash flow & noncash financing activities:        
Common stock issued in exchange of payable assignment/settlement $  $ 
         
Cash paid for:        
Interest $  $ 
Income taxes $  $ 

 

  3 months  3 months 
  ended  ended 
  July 31, 2022  July 31, 2021 
       
OPERATING ACTIVITIES        
Net loss $(27,207) $(357)
Adjustment to reconcile net loss to net cash used in operating activities:        
Stock issued for consulting services      
Expenses paid on company's behalf by related party  1,850    
Increase (decrease) in accounts payable  357   357 
         
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES  (25,000)   
         
FINANCING ACTIVITIES        
Proceeds from sale of common stock  25,000    
Notes Payable      
Loan from Related Party      
         
NET CASH PROVIDED BY FINANCING ACTIVITIES  25,000    
         
NET INCREASE (DECREASE) IN CASH      
         
CASH, BEGINNING OF PERIOD      
         
CASH, END OF PERIOD $  $ 
         
Supplemental cash flow & noncash financing activities:        
Common stock issued in exchange of payable assignment/settlement $  $ 
         
Cash paid for:        
Interest $  $ 
Income taxes $  $ 

 

The accompanying notes are an integral part of these financial statements

 

 

 7 

 

 

KASHIN, INC.


NOTES TO THE INTERIM FINANCIAL STATEMENTS
Unaudited

Unaudited

July 
October
31, 2022

 

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

 

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at JulyOctober 31, 2022, and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 20222021 audited financial statements. The results of operations for the periods ended JulyOctober 31, 20222021 and the same period last year are not necessarily indicative of the operating results for the full years.


The Company changed its name on July 27, 2015 to Kashin, Inc. having received FINRA’s approval.

 

Since the company has been dormant for over two years, the company now has a Shell status.

 


NOTE 2 – GOING CONCERN

 

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $35,58441,476, an accumulated deficit of $583,164589,056 and net loss from operations since inception of $583,164.$589,056. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company funded its initial operations by way of issuing Founder’s shares.



The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.

 

NOTE 3 – CAPITAL STOCK

 

The Company’s capitalization was reduced to 75,000,000common shares with a par value of $0.001per share, on July 27, 2015. No preferred shares have been authorized or issued.

 

As of JulyOctober 31, 2022, the Company has not granted any stock options and has recorded 25,000,000 stock-based compensation.

 

On JulyOctober 31, 2022, the Company had 53,560,745 common shares issued and outstanding and on April 30, 2022 the Company Company had 28,560,745 common shares issued and outstanding.

8

 

NOTE 4 – RELATED PARTY TRANSACTIONS

 

The Company does not have any related party transactions

 

NOTE 5 – RECENT ACCOUNTING PRONOUNCEMENTS

 

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

 

NOTE 6 – SUBSEQUENT EVENTS

 

On May 6th6th Carl Maybin resigned as Officer and Director of KUSA and appointed Caren Currier as President and Director. Along with his resignation, Carl Maybin acknowledged that he is no longer owed any past compensation and forever cancels any and all indebtedness in both principal and interest.

 

 

 

 

 89 

 

 
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

 

This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

 

Overview

 

On July 27, 2015, the Company approved and effected a name change to Kashin, Inc. Kashin, Inc. fka Singular Chef, Inc. ("the Company", "our" or "we") was incorporated in the State of Nevada as a for-profit company on April 09, 2009. The Company is a development stage company that intends to provide specialized step-by-step cooking tutorials through the website we are currently developing for monthly subscribers and on pay-per-view basis.

 

Results of Operations

 

The Company has not yet generated any revenue from its operations and has generated no revenues unrelated to its operations. Expenses for the three months ended JulyOctober 31, 2022, were $27,207$5,892 resulting in a net loss of $27,207$5,892 as compared to expenses for the three months ended JulyOctober 31, 2021 of $357$12,357 resulting in a net loss of $357.$12,357. The net loss of $27,207$12,357 for the three months ended JulyOctober 31, 20222021 is a result of Revenues of $Nil, Office and general expenses of $357 consisting primarily of transfer agent fees and Professional Fees of $nil$12,000 as compared to the net loss of $357$517 for the three months ended JulyOctober 31, 20212022 resulting from Office and general expenses of $357$517 and Professional Fees of $25,000.$5,375.

The Company has not yet generated any revenue from its operations and has generated no revenues unrelated to its operations. Expenses for the six months ended October 31, 2022, were $33,099 resulting in a net loss of $33,099 as compared to expenses for the six months ended October 31, 2021 of $12,714 resulting in a net loss of $12,714. The net loss of $12,714 for the six months ended October 31, 2021 is a result of Revenues of $Nil, Office and general expenses of $357 consisting primarily of transfer agent fees and Professional Fees of $12,714 as compared to the net loss of $3,043 for the six months ended October 31, 2022 resulting from Office and general expenses of $3,043 and Professional Fees of $30,375 and forgiven debt of $319.

 

Capital Resources and Liquidity

 

Our auditors have issued a "going concern" opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, our only source for cash at this time is investments by others. We must raise cash to implement our strategy and stay in business.

 

For the period ended JulyOctober 31, 2022 and JulyOctober 31, 2021, the Company had cash of Nil. Accounts payable and accrued liabilities for the period ended JulyOctober 31, 2022 were $5,233.$5,590. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status.

 

As of JulyOctober 31, 2022 and April 30, 2022, the Company has received $NIL in loans and payment of expenses from a related party. As of July 31, 2022 and April 30, 2022, a second related party has paid expenses of $NIL respectively, on behalf of the Company. 

 

Off-balance sheet arrangements

 

Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company's financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term "off-balance sheet arrangement" generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

10

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

The Company is a smaller reporting Company as defined by Rule 12b-2 of the Securities Act of 1934 and we are not required to provide the information under this item.

9

 

Item 4. Controls and Procedures.

 

Disclosure Controls and Procedures

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

 

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of JulyOctober 31, 2022,2021, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended JulyOctober 31, 2022 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

 

 

 1011 

 

 

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated.

 

No director, officer, or affiliate of the Company and no owner of record or beneficial owner of more than 5.0% of the securities of the Company, or any associate of any such director, officer or security holder is a party adverse to the Company or has a material interest adverse to the Company in reference to pending litigation.

 

Item 1A. Risk Factors.

 

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

 

Item 2. Unregistered Sales of Securities and Use of Proceeds.

 

None

 

Item 3. Defaults Upon Senior Securities.

 

None

 

Item 4. Mine Safety Disclosures.

 

None

 

Item 5. Other Information.

 

(a)     None

11

 

Item 6. Exhibits.

 

31.1 Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer
   
31.2 Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer * *
   
32.1 Section 1350 Certification of Chief Executive Officer
   
32.2 Section 1350 Certification of Chief Financial Officer ** **
   
101  XBRL Interactive Data Files

__________

* Included in Exhibit 31.1

 

** Included in Exhibit 32.1

 

 

 12 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

Kashin, Inc.   

(Registrant)

 
    
Date: June 20, 2023By:/s/ Caren Currier 
  Caren Currier 
  

President and Director

Principal and Executive Officer

Principal Financial Officer

Principal Accounting Officer

 

 

 

 

 13