SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [x] Quarterly Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934 for Quarterly Period Ended March 31, 2009 - -OR- [ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities And Exchange Act of 1934 for the transaction period from _________ to________ Commission File Number 333-150462 TRI-MARK MFG, INC. (Exact name of registrant in its charter) California 20-8069359 (State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 643 S. Olive Street, Suite 777 Los Angeles, CA 90014 (Address of principal executive offices) (Zip Code) Registrant's Telephone number, including area code: (213) 689-9300 Indicate by check mark whether the issuer (1) 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 [x] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerate filer, or a small reporting company as defined by Rule 12b-2 of the Exchange Act): Large accelerated filer [ ] Non-accelerated filer [ ] Accelerated filer [ ] Smaller reporting company [x] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [x] The number of outstanding shares of the registrant's common stock, May 15, 2009: Common Stock - 8,000,000 2 TRI-MARK MFG, INC. FORM 10-Q For the quarterly period ended March 31, 2009 INDEX Page ---- PART I - FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) 3 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 3. Quantitative and Qualitative Disclosure About Market Risk 11 Item 4T. Controls and Procedures 11 PART II - OTHER INFORMATION Item 1. Legal Proceedings 12 Item 1A. Risk Factors 12 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 12 Item 3. Defaults upon Senior Securities 12 Item 4. Submission of Matters to a Vote of Security Holders 12 Item 5. Other Information 12 Item 6. Exhibits 12 SIGNATURES 3 PART I Item I - FINANCIAL STATEMENTS TRI-MARK MFG, INC. (A Development State Company) BALANCE SHEETS - ----------------------------------------------------------------------- As of ------------------------- March 31, December 31 2009 2008 ------------ ----------- (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash $ 106 $ 106 Inventory 8,023 8,023 ---------- ---------- Total current assets 8,129 8,129 ---------- ---------- Property and equipment, net of accumulated depreciation of $49,950 and $44,400 for 2008 and 2007, respectively 61,050 66,600 ---------- ---------- TOTAL ASSETS $ 69,179 $ 74,729 ========== ========== LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Notes payable to related parties $ 138,912 $ 137,412 Other accrued expenses 6,300 5,050 ---------- ---------- Total current liabilities 145,212 142,462 ---------- ---------- TOTAL LIABILITIES 145,212 142,462 ---------- ---------- Stockholders' Deficit: Common stock, no par value; 25,000,000 shares authorized; 8,000,000 shares issued and outstanding for both years 10,000 10,000 Accumulated deficit during development stage (86,033) (77,733) ---------- ---------- Total Stockholders' Deficit (76,033) (67,733) ---------- ---------- TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 69,179 $ 74,729 ========== ========== See notes to interim unaudited financial statements. 4 TRI-MARK MFG, INC. (A Development Stage Company) STATEMENTS OF OPERATIONS (Unaudited) For three months ended Inception March 31, December 15, 2009 --------------- through 2009 2008 March 31, 2009 ---- ---- ----------------- <s> <c> <c> <c> Revenues $ - $ - $ - Cost and Expenses Selling, general and administrative expenses 7,500 13,756 83,633 -------- -------- -------- 7,500 13,756 83,633 Operating loss (7,500) (13,756) (83,633) Net loss before Income Taxes (7,500) (13,756) (83,633) Provision for Taxes 800 800 2,400 -------- -------- -------- Net Loss $ (8,300) $ (14,556) $(86,033) ========= ======== ======== Net loss per share, Basic and Diluted NIL NIL Weighted Average Number of Shares 8,000,000 8,000,000 See notes to interim unaudited financial statements. 5 TRI-MARK MFG, INC. (A Development Stage Company) STATEMENTS OF CASH FLOWS For the three months ended Inception March 31, December 15, 2006 --------------- through 2009 2008 March 31, 2009 ---- ---- ----------------- <s> <c> <c> <c> Cash Flow from Operating Activities: Net loss $ (8,300) $ (14,556) $ (86,033) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation 5,500 5,500 49,950 (Increase) Decrease in: Inventory - - (8,023) Increase (Decrease) in accrued expenses 1,250 8,954 6,300 --------- --------- --------- Net Cash used by Operating Activities (1,500) (52) (37,806) Cash Flow from Investing Activities: Purchase of property and equipment - - (111,000) --------- --------- --------- Net Cash used by Investing Activities - - (111,000) Cash Flow from Financing Activities: Proceeds from Officer Loan 1,500 - 138,912 Proceeds from issuance of stock - - 10,000 ---------- -------- --------- Net Cash provided by Financing Activities 1,500 - 148,912 ---------- -------- --------- Net Increase (Decrease) in Cash - (52) 106 Cash Balance, beginning of period 106 52 - ---------- -------- --------- Cash Balance at end of period $ 106 $ - - ========== ======== ========= Supplemental Disclosures: Taxes Paid $ - $ - ========== ======== See notes to interim unaudited financial statements 6 TRI-MARK MFG, INC. (A Development Stage Company) NOTES TO AUDITED FINANCIAL STATEMENTS - ----------------------------------------------------------- NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business: Tri-Mark MFG, Inc. ("Tri-Mark") was incorporated in the state of California on December 15, 2006. Tri-Mark designs and manufactures low end jewelry which are marketed, wholesale and retail, domestically. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Company's activities to date have been limited to organization and capital formation. The Company's planned principal operations have commenced, but there has been no significant revenue since its inception. The Company is considered a development stage company as defined under Financial Accounting Standards Board ("FASB") Statement No. 7. Presentation of Interim Information. The financial information at March 31, 2009 and for the three months ended March 31, 2009 and 2008 are unaudited, but includes all adjustments (consisting only of normal recurring adjustments) that the Company considers necessary for a fair presentation of the financial information set forth herein in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the instructions to Form 10-Q. Accordingly, such information does not include all of the information and footnotes required by U.S. GAAP for annual financial statements. For further information refer to the financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2008. The balance sheet as of December 31, 2008 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The results for the three months ended March 31, 2009 may not be indicative of results for the year ending December 31, 2009 or any future periods. Use of estimates: The preparation of the accompanying financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that directly affect the results of reported assets, liabilities, revenue, and expenses. Actual results may differ from these estimates. 6 TRI-MARK MFG, INC. (A Development Stage Company) NOTES TO AUDITED FINANCIAL STATEMENTS - ----------------------------------------------------------- NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued Revenue recognition: The Company generally recognizes product revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectibility is probable. In instances where the final acceptance of the product is specified by the customer, revenue is deferred until all acceptance criteria has been met. Customers' prepayments are deferred until products are shipped and accepted by the customers. Cash Equivalents: For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents. Fair Value of Financial Instruments: The carrying amounts of the financial instruments have been estimated by management to approximate fair value. Inventories: Inventories are valued at the lower of cost or market (first-in, first-out) or net realizable value. The inventory as of March 31, 2009 is consisted of gold. Property and Equipment: Property and Equipment are valued at cost. Maintenance and repair costs are charged to expenses as incurred. Depreciation is computed on the straight-.line method based on the following estimated useful lives of the assets: 3 to 5 years for computer, software and office equipment, and 5 to 7 years for furniture and fixtures. Depreciation expense for the three months ended March 31, 2009 and 2008 was $5,550. Net Loss Per Share: Basic net loss per share includes no dilution and is computed by dividing net loss available to common stockholders by the weighted average number of common stock outstanding for the period. Diluted net loss per share does not differ from basic net loss per share since potential shares of common stock are anti-dilutive for all periods presented. New Accounting Pronouncement: Tri-Mark MFG, Inc. does note believe newly issued accounting pronouncements will have any material impact on its financial statements. NOTE 2 - GOING CONCERN The Company has incurred substantial losses and has no revenue. Those matters raise substantial doubt about the Company's ability to continue as a going concern. Management of the Company is developing a plan to commence its operations by obtaining an infusion of capital through 8 TRI-MARK MFG, INC. (A Development Stage Company) NOTES TO AUDITED FINANCIAL STATEMENTS - ----------------------------------------------------------- NOTE 2 - GOING CONCERN - continued either public or private investment. The ability of the Company to continue as a going concern is dependent on its managements successful planning for its operations and successful capital infusion. The ability of the Company to continue as a going concern is dependent on its ability to meet its financial arrangement and the success of its future operations. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. NOTE 3-PROPERTY AND EQUIPMENT Property and equipment is summarized as follows: As of March 31, December 31, 2008 2008 ---- ---- Molds $111,000 $111,000 -------- -------- 111,000 111,000 Less accumulated depreciation (49,950) (44,400) -------- -------- Molds, net $ 61,050 $ 66,600 ======== ======== NOTE 4 - NOTE PAYABLE TO RELATED PARTIES Note Payable to related parties at March 31, 2009 and December 31, 2008 consists of loans from the CEO of the Company in the amounts of $138,912 and $137,412, respectively. The note is due on demand and has no interest provisions. NOTE 5 - OTHER ACCRUED EXPENSES Other accrued expenses consist of : March 31, 2009 December 31, 2008 -------------- ----------------- Accrued Professional Fees $ 4,700 $ 4,250 Accrued State Minimum Tax 1,600 800 --------- --------- Total $ 6,300 $ 5,050 ========= ========= 9 TRI-MARK MFG, INC. (A Development Stage Company) NOTES TO AUDITED FINANCIAL STATEMENTS - ----------------------------------------------------------- NOTE 6 - NET LOSS PER SHARE The following table sets forth the computation of basic and diluted net loss per share: As of March 31, December 31, 2008 2008 ---- ---- Numerator: Net Loss $ (8,300) $ (14,556) Denominator: Weighted Average Number of Shares 8,000,000 8,000,000 ---------- ---------- Net loss per share - Basic and Diluted NIL NIL ========== ========== NOTE 7 - STOCKHOLDERS' DEFICIT On February 15, 2008, the Company held a special shareholder meeting and approved to increase the number of authorized common shares from 1,000 to 25,000,000, and also approved a forward stock split of 8,000 to 1 common shares. NOTE 8 - SEGMENT INFORMATION SFAS No. 131 "Disclosures about Segments of an Enterprise and Related Information" requires that a publicly traded company must disclose information about its operating segments when it presents a complete set of financial statements. Since the Company has only one segment; accordingly, detailed information of the reportable segment is not presented. 10 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Results of Operations for the three months ended March 31, 2009 and 2008 We did not earn any revenue for the three months ended March 31, 2009. The net loss of $(8,300) for the three months ended March 31, 2009. This loss was due to costs of being a reporting company and selling, general and administrative expenses of $7,500 which include costs of being a reporting company. Selling, general and administrative expenses will continue to increase as we implement sales and marketing initiatives. We did not earn any revenue for the three months ended March 31, 2008. For the three months ended March 31, 2008, we had a net loss of $14,556. This loss was due to costs of being a reporting company and selling, general and administrative expenses of $13,756 which include costs of being a reporting company. Selling, general and administrative expenses will continue to increase as we implement sales and marketing initiatives. Liquidity and Capital Resources - ------------------------------- During the three months ended March 31, 2009 and 2008, we did not pursue any investing activities. During the three months ended March 31, 2009, we proceeds from an officer loan of $1,500 resulting in net cash used in financing activities of $1,500. For the three months ended March 31, 2008, we did not pursue any financing activities. We are currently not aware of any trends that are reasonably likely to have a material impact on our liquidity. Our current cash balance is estimated to be sufficient to fund our current operations for two months. We are attempting to increase the sales to raise much needed cash for the remainder of the year, which will be supplemented by our efforts to raise cash through the issuance of equity securities. It is our intent to secure a market share in the software application and service industry which we feel will require additional capital over the long term to undertake sales and marketing initiatives, and to manage timing differences in cash flows. Plan of Operations - ------------------ Our main focus in the next twelve months is to complete our public offering and utilize a portion of the funds raised to increase our marketing efforts to increase sales of the Edge and our services. 11 Our long term capital strategy is to increase our cash balance through the receipt of revenues and financing transactions, including the issuance of debt and/or equity securities. We have not yet determined any specific offering terms, if any. Item 3. Quantitative and Qualitative Disclosures About Market Risk We do not consider the effects of interest rate movements to be a material risk to our financial condition. We do not hold any derivative instruments and do not engage in any hedging activities. Item 4T. Controls and Procedures. During the three months ended March 31, 2009, there were no changes in our internal controls over financial reporting (as defined in Rule 13a- 15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Evaluation of Disclosure Controls and Procedures Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of March 31, 2009. Based on this evaluation, our chief executive officer and chief principal financial officers have concluded such controls and procedures to be effective as of March 31, 2009 to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms and to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. 12 PART II - OTHER INFORMATION Item 1. Legal Proceedings. None. Item 1A. Risk Factors. None. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. None Item 3. Defaults Upon Senior Securities. None. Item 4. Submission of Matters to a Vote of Security Holders. None. Item 5. Other Information. None. Item 6. Exhibits Exhibit 31 - Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Exhibit 32 - Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 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. Dated: May 20, 2009 TRI-MARK MFG, INC. By: /s/Barry Sytner - --------------------------- Barry Sytner, Chief Executive Officer