Cane Clark LLP | 3273 E. Warm Springs Las Vegas, NV 89120 | |||
| Kyleen E. Cane* | Bryan R. Clark^ | Chad Wiener+ | Scott P. Doney~ | Telephone: 702-312-6255 |
| Facsimile: 702-944-7100 | ||||
| Email: cwiener@caneclark.com | ||||
| 1. | We have reviewed your response to prior comment 2. Based on your proposed revisions, the change in accounts payable per the statement of cash flows for the six months ended December 31, 2005 does not appear to equal the actual change in the accounts payable balance between june 30, 2005 and december 31, 2005. please |
| explain this difference or revise accordingly. |
| 2. | We have reviewed your response to prior comment 3. Please file an amended Form 10-QSB that incorporates the proposed revisions. |
| December 31, 2005 | ||
| ASSETS | ||
| Current assets | ||
| Cash | $ | 1,254 |
| Total assets | $ | 1,254 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $ | 22,279 |
| Accrued liabilities | 49,127 | |
| Total current liabilities | 71,406 | |
| Long term liabilities | ||
| Loans payable | 40,247 | |
| Loans due to shareholder | 67,134 | |
| Total long term liabilities | 107,381 | |
| Total liabilities | 178,787 | |
| Stockholders' deficit | ||
| Preferred stock; $0.001 par value; 10,000,000 shares | -- | |
| authorized, none issued or outstanding | ||
| Common stock; $0.001 par value; 200,000,000 shares | 122,972 | |
| authorized, 122,971,743 shares issued and outstanding | ||
| Additional paid-in capital | 6,036,671 | |
| Accumulated deficit | (6,337,176) | |
| Total stockholders' deficit | (177,533) | |
| Total liabilities and stockholders' deficit | $ | 1,254 |
For the three months ended | For the three months ended | For the six months ended | For the six months ended | ||||||||
| December 31, 2005 | December 31, 2004 | December 31, 2005 | December 31, 2004 | ||||||||
| Revenues | $ | -- | $ | -- | $ | -- | $ | -- | |||
| Cost of revenues | -- | -- | -- | -- | |||||||
| Gross profit | -- | -- | -- | -- | |||||||
| Operating expenses | |||||||||||
| Selling general and administrative | 7,210 | 37 | 9,058 | 116 | |||||||
| Total operating expenses | 7,210 | 37 | 9,058 | 116 | |||||||
| Other income | |||||||||||
| Exchange rate gain (loss) | -- | 23 | 8 | 60 | |||||||
| Loss from operations | (7,210) | (14) | (9,050) | (56) | |||||||
| Provision for income taxes | -- | -- | -- | -- | |||||||
| Net loss | $ | (7,210) | $ | (14) | $ | (9,050) | $ | (56) | |||
| Basic loss per common share | $ | (0.00) | $ | (0.00) | $ | (0.00) | $ | (0.00) | |||
| Basic weighted average common | |||||||||||
| shares outstanding | 114,481,590 | 102,971,743 | 114,481,590 | 102,971,743 |
For the six months ended | For the six months ended | ||||
| December 31, 2005 | December 31, 2004 | ||||
| Cash flows from operating activities: | |||||
| Net loss | $ | (9,050) | $ | (56) | |
| Adjustments to reconcile net loss to net | |||||
| cash used by operating activities: | |||||
| Changes in operating assets and liabilities: | |||||
| Change in accounts payable | 273 | -- | |||
| Net cash used by operating activities | (8,777) | (56) | |||
| Cash flows from financing activities | |||||
| Change in loans payable to shareholder | 9,652 | -- | |||
| Net cash used by operating activities | 9,652 | -- | |||
| Net change in cash | 875 | (56) | |||
| Cash, beginning of period | 379 | 505 | |||
| Cash, end of period | $ | 1,254 | $ | 449 |
