UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10
GENERAL FORM FOR REGISTRATION OF SECURITIES
Pursuant to Section 12(b) or (g) of the Exchange Act of 1934
Clubs Choice Holdings, Inc. f/n/a Millenia Hope, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | | 98-0213828 |
| (State or Other Jurisdiction of Incorporation) | | (I.R.S. Employer Identification No.) |
| | | |
| 2 Wall Street, 8th Floor, New York, NY, | | 10005 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant's Telephone Number, including area code 514-773-7017
Securities to be registered Pursuant to Section 12(b) of the Act: None
(formerly registered and trading symbol - MLHI)
| Title of Each Class to be so registered | Name of each exchange on which each class is to be registered |
| Large accelerated filer | 0 | Accelerated filer | 0 |
| Non-accelerated filer | 0 (Do not check if a smaller reporting company) | Smaller reporting company | X |
| | SEC 1396 (02-08) Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 1.
Business.
The Clubs Choice uses proven technology that takes advantage of the ever-growing web buying across numerous categories. The Clubs Choice brings together the user experiences and observations of several early adopters of social networks with the business savvy of a sports and entertainment events planner and capabilities of an internet-media company and its associated agency network. The company addresses several divergent phenomenon in today's internet-driven world including social network services, mobile computing, information overload, tension between cost of services and who pays.
As the impact of traditional advertising and promotional activities decline, businesses are searching for new ways to reach their target markets. The Clubs Choice line of online services fulfill the needs of today's dynamic market. Technological developments have also allowed businesses to better measure the results of their campaigns and promotional offers, particularly with internet based activities.
Enhanced by innovative technologies, the key innovation of this service is a business strategy which leverages up on existing services, relationships, and capabilities. Some of the necessary strategic elements exist in the market place generally, while others are the strengths and capabilities of the principals and strategic partners of the company.
Item lA. Risk Factors.
Smaller Reporting Company not required to provide. Item 2.
Financial Information.
The information required by Reg S-K Sections 229.301, 229.303 and 229.305 is not appropriate in this instance, as the focus and direction of the entity has materially changed. Clubs Choice Holdings, Inc., fin/a Millenia Hope, Inc. went dormant in 2008 and was revived during 2013, with a new focus and new management. New management is willing to provide an Management Discussion and Analysis, but rather than on past efforts of the former management, it is felt that information related to the current trends
would be more meaningful.
Item 3. Properties.
Office lease at 2 Wall Street, Sth Floor, New York, NY, 10005
Item 4. Security Ownership of Certain Beneficial Owners and Management.
| Title of class | and address of beneficial owner | Amount and nature of beneficial ownership | Percent of class |
| Common | Gengiu Consulting,Inc., Control Person Attn: John Cacchioli, 2 Wall St., 8th FL New York, NY 10005 | 17,000,000 | 7% |
| Common | Yehuda Kops, Control Person 5737 Wolseley Ave/Cote-St Luc/QC H4W 2L6 | 1,387,781 | 1% |
| Common | Bernie Nicholls, CEO, First Asian Investment 2 Wall St., 8th Fl New York,NY 10005 | 84,000,000 | 36% |
| Common | Peter Kanellopoulos, President 2 Wall St., 8th Fl New York,NY 10005 | - | 0% |
| Common | Leonard Stella, Control Person 9164 Emile Nelligan St-Leonard/QC H1R 2W1 | 2,182,740 | 1% |
| Common | Don Ivanski, Cavalli NYC Inc., Contol Person 2 Wall St., 8th Fl New York,NY 10005 | 30,000,000 | 13% |
| | | | |
| The beneficial owners include the officers, and with one exception, all the principal officers own stock in the company. |
Item 5. Directors and Executive Officers.
| Title of class | and address of beneficial owner | Amount and nature of beneficial ownership | Percent of class |
| Common | Gengiu Consulting,Inc., Control Person Attn: John Cacchioli, 2 Wall St., 8th FL New York, NY 10005 | 17,000,000 | 7% |
| Common | Yehuda Kops, Control Person 5737 Wolseley Ave/Cote-St Luc/QC H4W 2L6 | 1,387,781 | 1% |
| Common | Bernie Nicholls, CEO, First Asian Investment 2 Wall St., 8th Fl New York,NY 10005 | 84,000,000 | 36% |
| Common | Peter Kanellopoulos, President 2 Wall St., 8th Fl New York,NY 10005 | - | 0% |
| Common | Leonard Stella, Control Person 9164 Emile Nelligan St-Leonard/QC H1R 2W1 | 2,182,740 | 1% |
| Common | Don Ivanski, Cavalli NYC Inc., Contol Person 2 Wall St., 8th Fl New York,NY 10005 | 30,000,000 | 13% |
Item 6. Executive Compensation.
Nothing currently.
Item 7. Certain Relationships and Related Transactions, and Director Independence.
None.
Item 8.
Legal Proceedings. None.
Item 9. Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder
Matters.
$0.004
Furnish the information required by item 701 of Regulation S-K (§229.701 of this chapter).
Item 11.
Description of Registrant's Securities to be Registered.
None are to be registered, currently. Previously registered.. Item 12. Indemnification ofDirectors and Officers. None.
Item 13. Financial Statements and Supplementary Data.
As a Smaller Reporting Company, registrant is not required to provide.
Item 14.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 15. Financial Statements and Exhibits. (a)
Consolidated Balance Sheet, as at August 31, 2013
Consolidated Statements of Operations, 3rd Quarter Ended August 31, 2013
Consolidated Statement of Cash Flows, 3rd Quarter Ended August 31, 2013
Consolidated Balance Sheet, As at May 31, 2013
Consolidated Statements of Operations, 2nd Quarter Ended May 31, 2013
Consolidated Statement of Cash Flows, 2nd Quarter Ended May 31, 2013
Consolidated Balance Sheet, as at February 28, 2013
Consolidated Statements of Operations, 1st Quarter Ended February 28, 2013
Consolidated Statement of Cash Flows, 1st Quarter Ended February 28, 2013
(b)
Exhibits:
Articles of Incorporation - incorporated by reference
By Laws - incorporated by reference
Registration statement on Form- incorporated by reference
Financial statements, attached hereto.
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.
| | Clubs Choice Holdings, Inc. | |
| | | | |
Date: March 20, 2014 | By: | /s/ Bernie Nicholls | |
| | | Bernie Nicholls | |
| | | CEO | |
| | | | |
MILLENIA HOPE INC
FINANCIAL STATEMENTS
For the 3rd Quarter ended August 31, 2013
(Unaudited)
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS
For the 3rd Quarter ended August 31, 2013
(Unaudited)
Management's Certification
Millenia Hope's Management certifies that all corporate actions are performed in conformity with the Securities Exchange Commission policies and Pink Sheets disclosure policies, and that the Company is currently in good standing and up to date in its corporate reports in compliance with all applicable laws.
The accompanying consolidated unaudited financial statements and the notes thereto, present fairly, in all material respects, the financial position of Millenia Hope Inc. and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.
These statements were produced internally and published for the benefit of the shareholders.
/s/ Peter Kanellopoulos
Peter Kanellopoulos
CFO
October 31, 2013
MILLENIA HOPE INC
Consolidated Balance Seet
As at August 31, 2013
| Assets | | August 31, 2013 | | | Nov. 30, 2012 | |
| Current Assets | | (Unaudited) | | | (Unaudited) | |
| Cash | | $ | - | | | $ | - | |
| Accounts Receivable | | | - | | | | - | |
| Prepaid expenses & Deposits | | | - | | | | - | |
| Total Current Assets | | | - | | | | - | |
| | | | | | | | | |
| Property & Equipment (net) | | | - | | | | - | |
| | | | | | | | | |
| | | $ | - | | | $ | - | |
| | | | | | | | | |
| Liabilities & Stockholders' (Deficit) | | | | | | | | |
| Current Liabilities | | | | | | | | |
| Bank Advances | | $ | - | | | $ | - | |
| Accounts Payable and Accrued Liabilities | | | 71,980 | | | | - | |
| Notes payable | | | 976,539 | | | | 2,237,158 | |
| Total Current Liabilities | | | 1,048,519 | | | | 2,237,158 | |
| | | | | | | | | |
| Convertible notes payable (net) | | | - | | | | - | |
| | | | | | | | | |
| Total Liabilities | | | 1,048,519 | | | | 2,237,158 | |
| | | | | | | | | |
| Stockholders' (Deficit) | | | | | | | | |
| Paid in Capital | | | 27,596,916 | | | | 27,596,916 | |
| (Deficit) Accumulated During the Development Stage | | | (28,645,435 | ) | | | (29,834,074 | ) |
| | | | (1,048,519 | ) | | | (2,237,158 | ) |
MILLENIA HOPE INC.
Consolidatd Statements of Operations
3nd Quarter Ended August 31, 2013
| | | 9 Months | | | 6 Months | |
| | | 3rd Quarter | | | 2nd Quarter | |
| | | August 31 | | | May 31 | |
| | | 2013 | | | 2013 | |
| | | | | | | |
| Revenues | | $ | - | | | $ | - | |
| | | | | | | | | |
| Cost of Sales | | | - | | | | - | |
| | | | | | | | | |
| Gross Profit | | | - | | | | - | |
| | | | | | | | | |
| Operating Expenses | | | | | | | | |
| Administrative Salaries | | | - | | | | - | |
| Accounting and legal fees | | | 41,200 | | | | 34,800 | |
| Selling, general and administrative | | | 30,780 | | | | 29,500 | |
| | | | | | | | | |
| | | | 71,980 | | | | 64,300 | |
| | | | | | | | | |
| Operating (Loss) | | | (71,980 | ) | | | (64,300 | ) |
| | | | | | | | | |
| Other income (expense) | | | | | | | | |
| Write-off Debt | | | 1,260,619 | | | | 1,260,619 | |
| | | | | | | | | |
| | | | 1,260,619 | | | | 1,260,619 | |
| | | | | | | | | |
| Net Profit (loss) | | $ | 1,188,639 | | | $ | 1,196,319 | |
MILLENIA HOPE INC.
Consolidated Statement of Cash Flows
3nd Quarter Ended August 31, 2013
| | | 9 Months | | | | |
| | | 3rd Quarter | | | Year Ended | |
| | | August 31 | | | November 30 | |
| | | 2013 | | | 2012 | |
| Operating Activities | | | | | | |
| Net Profit (loss) | | | 1,188,639 | | | | 938,463 | |
| Depreciation | | | - | | | | - | |
| Accounts Receivables | | | - | | | | - | |
| Lease inducements | | | - | | | | - | |
| Inventory | | | - | | | | - | |
| Other receivables | | | - | | | | - | |
| Prepaid expenses and deposits | | | - | | | | - | |
| (Decrease) Increase in accts payable and accrued liabilities | | | 71,980 | | | | - | |
| | | | | | | | | |
| Cash (used in) operating activities | | | 1,260,619 | | | | 938,463 | |
| | | | | | | | | |
| Financing Activities | | | | | | | | |
| Advances from related parties | | | - | | | | - | |
| Payments/Write off on convertible note payable | | | (1,260,619 | ) | | | (938,463 | ) |
| Proceeds from notes payable | | | | | | | | |
| Issuance of capital stock for cash | | | - | | | | - | |
| | | | | | | | | |
| Cash provided by financing activities | | | (1,260,619 | ) | | | (938,463 | ) |
| | | | | | | | | |
| Investing activities | | | | | | | | |
| Additions to fixed assets | | | - | | | | - | |
| | | | | | | | | |
| Cash flows provided by (used in) investing activities | | | - | | | | - | |
| | | | | | | | | |
| Increase (decrease) in cash | | | - | | | | - | |
| | | | | | | | | |
| Cash and cash equivalents | | | | | | | | |
| Beginning of period | | | - | | | | - | |
| End of period | | | - | | | | - | |
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS
For the 3rd Quarter ended August 31, 2013
(Unaudited)
1. BASIS OF PRESENTATION
Millenia Hope Inc. was incorporated in the State of Delaware on December 24, 1997. Through its acquisition of the patent rights for MMH Malarex(TM), The accompanying unaudited condensed consolidated financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America by the Issuer and in the opinion of management, include all adjustments consisting only of normal recurring accruals considered necessary to present fairly the Company's financial position at August 31, 2013 and the results of operations for the 3rd quarter ended August 31, 2013. Moreover, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. NATURE OF BUSINESS
Inactivity
The company had become inactive during the last 2nd quarter of the Financial year 2008.
MILLENIA HOPE INC
FINANCIAL STATEMENTS
For the 2nd Quarter ended May 31, 2013
(Unaudited)
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS
For the 2nd Quarter ended May 31, 2013
(Unaudited)
Management's Certification
Millenia Hope's Management certifies that all corporate actions are performed in conformity with the Securities Exchange Commission policies and Pink Sheets disclosure policies, and that the Company is currently in good standing and up to date in its corporate reports in compliance with all applicable laws.
The accompanying consolidated unaudited financial statements and the notes thereto, present fairly, in all material respects, the financial position of Millenia Hope Inc. and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.
These statements were produced internally and published for the benefit of the shareholders.
/s/ G. Gentile
G. Gentile
CEO
July 11, 2013
| MILLENIA HOPE INC | |
| Consolidated Balance Sheet | |
| As at May 31, 2013 | |
| | |
| | |
| | |
| Assets | | May 31, 2013 | | | Nov. 30, 2012 | |
| Current Assets | | (Unaudited) | | | (Unaudited) | |
| Cash | | $ | - | | | $ | - | |
| Accounts Receivable | | | - | | | | - | |
| Prepaid expenses & Deposits | | | - | | | | - | |
| Total Current Assets | | | - | | | | - | |
| | | | | | | | | |
| Property & Equipment (net) | | | - | | | | - | |
| | | | | | | | | |
| | | $ | - | | | $ | - | |
| | | | | | | | | |
| Liabilities & Stockholders' (Deficit) | | | | | | | | |
| Current Liabilities | | | | | | | | |
| Bank Advances | | $ | - | | | $ | - | |
| Accounts Payable and Accrued Liabilities | | | 64,300 | | | | - | |
| Notes payable | | | 976,539 | | | | 2,237,158 | |
| Total Current Liabilities | | | 1,040,839 | | | | 2,237,158 | |
| | | | | | | | | |
| Convertible notes payable (net) | | | - | | | | - | |
| | | | | | | | | |
| Total Liabilities | | | 1,040,839 | | | | 2,237,158 | |
| | | | | | | | | |
| Stockholders' (Deficit) | | | | | | | | |
| Paid in Capital | | | 27,596,916 | | | | 27,596,916 | |
| (Deficit) Accumulated During the Development Stage | | | (28,637,755 | ) | | | (29,834,074 | ) |
| | | | (1,040,839 | ) | | | (2,237,158 | ) |
| | | $ | - | | | $ | - | |
| Millenia Hope Inc. | |
| Consolidated Statements of Operations | |
| 2nd Quarter Ended May 31, 2013 | |
| | | | | |
| | | 6 Months | | | 3 Months | |
| | | 2nd Quarter | | | 1st Quarter | |
| | | May 31 | | | February 28 | |
| | | 2013 | | | 2013 | |
| | | | | | | |
| Revenues | | $ | - | | | $ | - | |
| | | | | | | | | |
| Cost of Sales | | | - | | | | - | |
| | | | | | | | | |
| Gross Profit | | | - | | | | - | |
| | | | | | | | | |
| Operating Expenses | | | | | | | | |
| Administrative Salaries | | | - | | | | - | |
| Accounting and legal fees | | | 34,800 | | | | 28,400 | |
| Selling, general and administrative | | | 29,500 | | | | 29,500 | |
| | | | | | | | | |
| | | | 64,300 | | | | 57,900 | |
| | | | | | | | | |
| Operating (Loss) | | | (64,300 | ) | | | (57,900 | ) |
| | | | | | | | | |
| Other income (expense) | | | | | | | | |
| Write-off Debt | | | 1,260,619 | | | | 447,432 | |
| | | | | | | | | |
| | | | 1,260,619 | | | | 447,432 | |
| | | | | | | | | |
| Net Profit (loss) | | $ | 1,196,319 | | | $ | 389,532 | |
| Millenia Hope Inc. | |
| Consolidated Statement of Cash Flows | |
| 2nd Quarter Ended May 31, 2013 | |
| | | | | | | |
| | | | | | | |
| | | 6 Months | | | | |
| | | 2nd Quarter | | | Year Ended | |
| | | May 31 | | | November 30 | |
| | | 2013 | | | 2012 | |
| Operating Activities | | | | | | |
| Net Profit (loss) | | | 1,196,319 | | | | 938,463 | |
| Depreciation | | | - | | | | - | |
| Accounts Receivables | | | - | | | | - | |
| Lease inducements | | | - | | | | - | |
| Inventory | | | - | | | | - | |
| Other receivables | | | - | | | | - | |
| Prepaid expenses and deposits | | | - | | | | - | |
| (Decrease) Increase in accts payable and accrued liabilities | | | 64,300 | | | | - | |
| | | | | | | | | |
| Cash (used in) operating activities | | | 1,260,619 | | | | 938,463 | |
| | | | | | | | | |
| Financing Activities | | | | | | | | |
| Advances from related parties | | | - | | | | - | |
| Payments/Write off on convertible note payable | | | (1,260,619 | ) | | | (938,463 | ) |
| Proceeds from notes payable | | | | | | | | |
| Issuance of capital stock for cash | | | - | | | | - | |
| | | | | | | | | |
| Cash provided by financing activities | | | (1,260,619 | ) | | | (938,463 | ) |
| | | | | | | | | |
| Investing activities | | | | | | | | |
| Additions to fixed assets | | | - | | | | - | |
| | | | | | | | | |
| Cash flows provided by (used in) investing activities | | | - | | | | - | |
| | | | | | | | | |
| Increase (decrease) in cash | | | - | | | | - | |
| | | | | | | | | |
| Cash and cash equivalents | | | | | | | | |
| Beginning of period | | | - | | | | - | |
| End of period | | | - | | | | - | |
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS For the 2nd Quarter ended May 31, 2013 (Unaudited)
1. BASIS OF PRESENTATION
Millenia Hope Inc. was incorporated in the State of Delaware on December 24, 1997. Through its acquisition of the patent rights for MMH Malarex(TM), The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America by the Issuer and in the opinion of management, include all adjustments consisting only of normal recurring accruals considered necessary to present fairly the Company's financial position at May 31, 2013 and the results of operations for the 2nd quarter ended May 31, 2013. Moreover, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. NATURE OF BUSINESS
Inactivity
The company had become inactive during the last 2nd quarter of the Financial year 2008.
MILLENIA HOPE INC
FINANCIAL STATEMENTS
For the 1st Quarter ended February 28, 2013
(Unaudited)
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS
For the 1st Quarter ended February 28, 2013
(Unaudited)
Management's Certification
Millenia Hope's Management certifies that all corporate actions are performed in conformity with the Securities Exchange Commission policies and Pink Sheets disclosure policies, and that the Company is currently in good standing and up to date in its corporate reports in compliance with all applicable laws.
The accompanying consolidated unaudited financial statements and the notes thereto, present fairly, in all material respects, the financial position of Millenia Hope Inc. and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.
These statements were produced internally and published for the benefit of the shareholders.
/s/ G. Gentile
G. Gentile
CEO
May 31,2013
| MILLENIA HOPE INC | |
| Consolidated Balance Sheet | |
| As at February 28, 2013 | |
| | |
| | |
| | |
| Assets | | February 28, 2013 | | | Nov. 30, 2012 | |
| Current Assets | | (Unaudited) | | | (Unaudited) | |
| Cash | | $ | - | | | $ | - | |
| Accounts Receivable | | | - | | | | - | |
| Prepaid expenses & Deposits | | | - | | | | - | |
| Total Current Assets | | | - | | | | - | |
| | | | | | | | | |
| Property & Equipment (net) | | | - | | | | - | |
| | | | | | | | | |
| | | $ | - | | | $ | - | |
| | | | | | | | | |
| Liabilities & Stockholders' (Deficit) | | | | | | | | |
| Current Liabilities | | | | | | | | |
| Bank Advances | | $ | - | | | $ | - | |
| Accounts Payable and Accrued Liabilities | | | 57,900 | | | | - | |
| Notes payable | | | 1,789,726 | | | | 2,237,158 | |
| Total Current Liabilities | | | 1,847,626 | | | | 2,237,158 | |
| | | | | | | | | |
| Convertible notes payable (net) | | | - | | | | 0 | |
| | | | | | | | | |
| Total Liabilities | | | 1,847,626 | | | | 2,237,158 | |
| | | | | | | | | |
| Stockholders' (Deficit) | | | | | | | | |
| Paid in Capital | | | 27,596,916 | | | | 27,596,916 | |
| (Deficit) Accumulated During the Development Stage | | | (29,444,542 | ) | | | (29,834,074 | ) |
| | | | (1,847,626 | ) | | | (2,237,158 | ) |
| | | $ | - | | | $ | - | |
| Millenia Hope Inc. | |
| Consolidated Statements of Operations | |
| 1st Quarter Ended February 28, 2013 | |
| | | | | |
| | | | | | | |
| | | 1st Quarter | | | Year Ended | |
| | | February 28 | | | November 30 | |
| | | 2013 | | | 2012 | |
| | | | | | | |
| Revenues | | $ | - | | | $ | - | |
| | | | | | | | | |
| Cost of Sales | | | - | | | | - | |
| | | | | | | | | |
| Gross Profit | | | - | | | | - | |
| | | | | | | | | |
| Operating Expenses | | | | | | | | |
| Administrative Salaries | | | - | | | | - | |
| Accounting and legal fees | | | 28,400 | | | | - | |
| Selling, general and administrative | | | 29,500 | | | | - | |
| | | | | | | | | |
| | | | 57,900 | | | | - | |
| | | | | | | | | |
| Operating (Loss) | | | (57,900 | ) | | | - | |
| | | | | | | | | |
| Other income (expense) | | | | | | | | |
| Write-off Debt | | | 447,432 | | | | 938,463 | |
| Interest expense | | | - | | | | - | |
| | | | | | | | | |
| | | | 447,432 | | | | 938,463 | |
| | | | | | | | | |
| Net Profit (loss) | | $ | 389,532 | | | $ | 938,463 | |
| Millenia Hope Inc. | |
| Consolidated Statement of Cash Flows | |
| 1st Quarter Ended February 28, 2013 | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | 1st Quarter | | | Year Ended | |
| | | February 28 | | | November 30 | |
| | | 2013 | | | 2012 | |
| Operating Activities | | | | | | |
| Net Profit (loss) | | | 389,532 | | | | 938,463 | |
| Depreciation | | | - | | | | - | |
| Accounts Receivables | | | - | | | | - | |
| Lease inducements | | | - | | | | - | |
| Inventory | | | - | | | | - | |
| Other receivables | | | - | | | | - | |
| Prepaid expenses and deposits | | | - | | | | - | |
| (Decrease) Increase in accts payable and accrued liabilities | | | 57,900 | | | | - | |
| | | | | | | | | |
| Cash (used in) operating activities | | | 447,432 | | | | 938,463 | |
| | | | | | | | | |
| Financing Activities | | | | | | | | |
| Advances from related parties | | | - | | | | - | |
| Payments/Write off on convertible note payable | | | (447,432 | ) | | | (938,463 | ) |
| Proceeds from notes payable | | | | | | | | |
| Issuance of capital stock for cash | | | - | | | | - | |
| | | | | | | | | |
| Cash provided by financing activities | | | (447,432 | ) | | | (938,463 | ) |
| | | | | | | | | |
| Investing activities | | | | | | | | |
| Additions to fixed assets | | | - | | | | - | |
| | | | | | | | | |
| Cash flows provided by (used in) investing activities | | | - | | | | - | |
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| Increase (decrease) in cash | | | - | | | | - | |
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| Cash and cash equivalents | | | | | | | | |
| Beginning of period | | | - | | | | - | |
| End of period | | | - | | | | - | |
MILLENIA HOPE INC
NOTES TO FINANCIAL STATEMENTS
For the 1st Quarter ended February 28, 2013
(Unaudited)
1. BASIS OF PRESENTATION
Millenia Hope Inc. was incorporated in the State of Delaware on December 24, 1997. Through its acquisition of the patent rights for MMH Malarex(TM), The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America by the Issuer and in the opinion of management, include all adjustments consisting only of normal recurring accruals considered necessary to present fairly the Company's financial position at February 28, 2013 and the results of operations for the 1st quarter ended February 28, 2013. Moreover, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
2. NATURE OF BUSINESS
Inactivity
The company had become inactive during the last 2nd quarter of the Financial year 2008.
