UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K /A
FIRST AMENDMENT
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
September 1, 2009
EVCARCO, INC.
(Exact Name of Registrant as Specified in Its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
| 333-158293 | 26-3526039 |
| (Commission File Number) | (IRS Employer Identification No.) |
| 7703 Sand St Fort Worth, TX | 76118 |
| (Address of Principal Executive Offices) | (Zip Code) |
817-595-0710
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if 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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 4 – MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
| Item 4.02. | Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. |
On September 1, 2009, our authorized officers concluded that, the financial statements for the year ended December 31, 2008 and the quarter ended March 31, 2009, included in our Registration statement on Form S-1, and as amended, should no longer be relied upon and should be restated accordingly.
Due to accounting errors, financial statements for 2008, and the three months ended March 31, 2009 were restated to reflect the purchase of initial shares by the founders, which was originally recorded as compensation; addition of amortization of prepaid expenses, that was omitted; expensing of professional fees, that were originally capitalized; and correction of valuation of consulting services in exchange for stock. The impact of these restatements, including common stock adjustment for the July 2009 3-for-1 stock split, is shown in the following table:
| | Accounts Impacted | | Amount | | Increase / Decrease |
| Year ended December 31, 2008 | | | | | |
| Balance Sheet | | | | | |
| | Other assets | | $ | 25,125 | | Decrease |
| | Loans payable to shareholders | | $ | 15,666 | | Decrease |
| | Common stock | | $ | 35,020 | | Increase |
| | Additional PIC | | $ | 35,020 | | Decrease |
| | Accumulated deficit | | $ | 9,459 | | Increase |
| Statement of Operations | | | | | | |
| | Management expense | | $ | 16,000 | | Decrease |
| | Consulting expense | | $ | 500 | | Increase |
| | Interest expense | | $ | 166 | | Decrease |
| | General and admin. expenses | | $ | 25,125 | | Increase |
| | Net loss | | $ | 9,459 | | Increase |
| Statement of Equity | | | | | | |
| | Common stock | | $ | 35,020 | | Increase |
| | Additional PIC | | $ | 35,020 | | Decrease |
| | Net loss | | $ | 9,459 | | Increase |
| Statement of Cash Flows | | | | | | |
| | Net loss | | $ | 9,459 | | Increase |
| | Depreciation and amortization | | $ | 125 | | Increase |
| | Other assets | | $ | 25,000 | | Increase |
| | Proceeds from loans payable | | $ | 15,666 | | Decrease |
| | Increase in cash and equiv. | | $ | 0 | | |
| | | | | | | |
| Quarter ended March 31, 2009 | | | | | | |
| Balance Sheet | | | | | | |
| | Other assets | | $ | 40,313 | | Decrease |
| | Loans payable to shareholders | | $ | 15,860 | | Decrease |
| | Common stock | | $ | 35,106 | | Increase |
| | Additional PIC | | $ | 34,108 | | Increase |
| | Accumulated deficit | | $ | 25,451 | | Increase |
| Statement of Operations | | | | | | |
| | Consulting expense | | $ | 998 | | Increase |
| | Interest expense | | $ | 194 | | Decrease |
| | General and admin. expenses | | $ | 15,188 | | Increase |
| | Net loss | | $ | 15,992 | | Increase |
| Statement of Equity | | | | | | |
| | Common stock | | $ | 35,106 | | Increase |
| | Additional PIC | | $ | 34,108 | | Decrease |
| | Net loss | | $ | 15,992 | | Increase |
| Statement of Cash Flows | | | | | | |
| | Net loss | | $ | 15,992 | | Increase |
| | Depreciation and amortization | | $ | 188 | | Increase |
| | Other assets | | $ | 15,000 | | Increase |
| | Proceeds from loans payable | | $ | 194 | | Decrease |
| | Issuance of common stock | | $ | 998 | | Increase |
| | Increase in cash and equiv. | | $ | 0 | | |
The determination to restate our financial statements was reached by our authorized financial officers in conjunction with the preparation and review of our financial statements for the three months ended June 30, 2009. These errors have been discussed with Seale and Beers, CPAs, our independent public accountants.
We have included any restated financial information in our Quarterly Reports on Form 10-Q for the period ended June 30, 2009.
ITEM 9.01 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
a) Not Applicable.
b) Not Applicable.
c) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 21, 2009
By: /s/ DALE LONG
Name: Dale Long
Title: CEO/President
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit |
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