UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 18, 2007
SMALL WORLD KIDS, INC.
(Exact Name Of Registrant Specified In Charter)
| NEVADA | | 333-68532 | | 86-0678911 |
(State Of Incorporation) | | (COMMISSION FILE NUMBER) | | (IRS Employer Identification No.) |
5711 Buckingham Parkway, Culver City, CA 90230
(Address Of Principal Executive Offices) (Zip Code)
(310) 645-9680
(Registrant’s Telephone Number, Including Area Code)
_________________________________________________________________
(Former Name or Former Address, is Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | | |
| | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On April 18, 2007, Small World Kids, Inc. agreed to convert or exchange $128,225.90 of the indebtedness AIMS Industrial Co of Taiwan into 116,569 shares of Class A-1 Convertible Preferred Stock.
| Item 3.02. | Unregistered Sales of Equity Securities |
On April 18, 2007, Small World Kids, Inc. issued 116,569 shares of Class A-1 Convertible Preferred Stock to AIMS Industrial Co of Taiwan.
| Item 9.01. | Financial Statements and Exhibits. |
Exhibits
| 4.1 | Debt Exchange Agreement dated as of April 18, 2007 by and between Small World Kids, Inc. and AIMS Industrial Co of Taiwan |
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 hereunto duly authorized.
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| | SMALL WORLD KIDS, INC. |
| | |
| Date: April 20, 2007 | By: | /s/ Debra Fine |
| | Name: Debra Fine |
| | Title: President and Chief Executive Officer |
