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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
FORM 10-QSB
X QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
----- EXCHANGE ACT OF 1934
For quarterly period ended: September 30, 2005; or
----- TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
EXCHANGE ACT OF 1934
For the transition period _________ to __________
Commission File Number: 0-14869
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KOMODO, INC.
---------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)
Nevada 95-3932052
------------------------------ ------------------
(State or other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
SUITE 1820 - 1111 WEST GEORGIA ST, VANCOUVER BC V6E 4M3 CANADA
-------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(604) 689-9417
-------------------------
(Issuer's telephone number)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter period that a registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes X No
--- ---
State the number of shares outstanding of the issuer's common equity: $0.001 par
value, as of September 30, 2005, was 14,093,793.
Transitional Small Business Disclosure Format. Yes No X
--- ---
1
Report on Form 10-QSB
For the Quarter Ended September 30, 2005
INDEX
Page
----
Part I. Financial Information
Item 1. Financial Statements (unaudited)........................3
Balance Sheets .........................................4
Statements of Operations ...............................5
Statements of Cash Flows..............................6-7
Notes to the Financial Statements ...................8-11
Item 2. Management's Discussion and Analysis .................12
or Plan of Operation
Item 3. Controls and Procedures ...............................13
Part II. Other Information
Item 1. Legal Proceedings .....................................14
Item 2. Changes in Securities .................................14
Item 3. Defaults Upon Senior Securities .......................14
Item 4. Submission of Matters to a Vote of Security Holders ...14
Item 5. Other Information .....................................14
Item 6. Exhibits and Reports on Form 8-K ......................14
Signatures.............................................15
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The accompanying balance sheets of Komodo, Inc. at September 30, 2005 and
March 31, 2005, and the related statements of operations, stockholders'
equity (deficit) and cash flows for the three months and six months ending
September 30, 2005 and 2004, have been prepared by our management in conformity
with accounting principles generally accepted in the United States. In the
opinion of management, all adjustments considered necessary for a fair
presentation of the results of operations and financial position have been
included and all such adjustments are of a normal recurring nature. Operating
results for the quarter ended September 30, 2005, are not necessarily indicative
of the results that can be expected for the fiscal year ending March 31,
2006.
KOMODO, INC.
(A Development Stage Company)
FINANCIAL STATEMENTS
September 30, 2005 and March 31, 2005
3
KOMODO, INC.
(A Development Stage Company)
Balance Sheets
ASSETS
------
September 30, March 31,
2005 2005
------------- -------------
(Unaudited)
CURRENT ASSETS
Cash $ 2,068 $ 583,609
Related party receivable 31,653 51,559
Prepaid expenses - 70,000
------------ ------------
Total Current Assets 33,721 705,168
------------ ------------
FIXED ASSETS, NET 201,383 184,614
------------ ------------
TOTAL ASSETS $ 235,104 $ 889,782
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
----------------------------------------------
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 39,368 $ 22,565
Accounts payable and accrued liabilities -
related parties 118,367 57,800
Liabilities of discontinued operations 205,676 205,676
------------ ------------
Total Current Liabilities 363,411 286,041
------------ ------------
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock: 10,000,000 shares authorized of
$0.001 par value, 2,000,000 shares issued and
outstanding 2,000 2,000
Common stock: 100,000,000 shares authorized of
$0.001 par value, 14,093,793 and 14,093,793 shares
issued and outstanding, respectively 14,094 14,094
Additional paid-in capital 15,362,303 15,362,303
Stock subscriptions receivable (565,000) (565,000)
Deficit accumulated during the development stage (14,941,704) (14,209,656)
------------ ------------
Total Stockholders' Equity (Deficit) (128,307) 603,741
------------ ------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT) $ 235,104 $ 889,782
============ ============
The accompanying notes are an integral part of the financial statements.
4
KOMODO, INC.
(A Development Stage Company)
Statements of Operations
(Unaudited)
From
Inception on
November 10,
For the Three Months Ended For the Six Months Ended 1995 Through
September 30, September 30, September 30,
--------------------------- --------------------------- -------------
2005 2004 2005 2004 2005
------------- ------------- ------------- ------------- -------------
REVENUES $ - $ - $ - $ - $ -
------------ ------------ ------------ ------------ ------------
EXPENSES
Impairment of asset - - - - 50
Research and development 70,122 - 139,551 - 254,801
Depreciation and amortization 12,010 4,074 22,360 8,148 215,292
General and administrative 263,210 110,711 570,137 353,056 3,556,367
------------ ------------ ------------ ------------ ------------
Total Expenses 345,342 114,785 732,048 361,204 4,026,510
------------ ------------ ------------ ------------ ------------
LOSS FROM OPERATIONS (345,342) (114,785) (732,048) (361,204) (4,026,510)
------------ ------------ ------------ ------------ ------------
OTHER (EXPENSES)
Interest expense - - - - (5,464)
------------ ------------ ------------ ------------ ------------
Total Other (Expense) - - - - (5,464)
------------ ------------ ------------ ------------ ------------
LOSS BEFORE DISCONTINUED
OPERATIONS (345,342) (114,785) (732,048) (361,204) (4,031,974)
LOSS FROM DISCONTINUED
OPERATIONS NET OF ZERO TAX
EFFECT - - - - (10,909,730)
------------ ------------ ------------ ------------ ------------
NET LOSS $ (345,342) $ (114,785) $ (732,048) $ (361,204) $(14,941,704)
============ ============ ============ ============ ============
BASIC LOSS PER SHARE OF
COMMON STOCK $ (0.02) $ (0.01) $ (0.05) $ (0.04)
============ ============ ============ ============
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING 14,097,172 10,500,415 14,100,415 10,188,866
============ ============ ============ ============
The accompanying notes are an integral part of these financial statements.
5
KOMODO, INC.
(A Development Stage Company)
Statements of Cash Flows
(Unaudited)
From
Inception on
November 10,
For the Six Months Ended 1995 Through
September 30, September 30,
--------------------------- -------------
2005 2004 2005
------------- ------------- -------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (732,048) $ (361,204) $(14,941,704)
Adjustments to reconcile net loss to net cash
used by operating activities:
Depreciation and amortization expense 22,360 8,148 238,775
Common stock issued for services - - 3,781,023
Common stock issued for payment of accounts payable - - 8,800
Bad debt expense - - 224,941
Write-off mineral property - - 3,914,434
Write-off of stock subscription receivable - - 250
Services rendered for deferred compensation - - 339,750
Services performed to reduce stock subscription
receivable - - 246,761
Warrants granted below market value - - 513,331
Currency translation adjustment - - (168,626)
Impairment of asset - - 50
Forgiveness of debt by shareholder - - 90,705
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
and accounts receivable-related parties 19,906 - (213,312)
(Increase) decrease in deposits and
prepaid expenses 70,000 23,038 (119,994)
Increase in accounts payable and
payable-related parties 60,567 14,805 262,463
Increase in accounts payable and accrued liabilities 16,803 (12,290) 20,539
Increase in liabilities of discontinued operations - - 269,718
------------ ------------ ------------
Net Cash Used by Operating Activities (542,412) (327,503) (5,532,096)
------------ ------------ ------------
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets (39,129) - (395,152)
Purchase of mineral property and deferred
exploration costs - - (2,762,539)
------------ ------------ ------------
Net Cash Used by Investing Activities (39,129) - (3,157,691)
------------ ------------ ------------
The accompanying notes are an integral part of these financial statements.
6
KOMODO, INC.
(A Development Stage Company)
Statements of Cash Flows (Continued)
(Unaudited)
From
Inception on
November 10,
For the Six Months Ended 1995 Through
September 30, September 30,
--------------------------- -------------
2005 2004 2005
------------- ------------- -------------
CASH FLOWS FROM FINANCING ACTIVITIES
Stock offering costs - (22,400) (209,249)
Cash received on stock subscription - - 161,510
Proceeds from common stock - 199,500 7,267,174
Proceeds on notes payable - related party - - 1,472,420
------------ ------------ ------------
Net Cash Provided by Financing Activities - 177,100 8,691,855
------------ ------------ ------------
NET INCREASE (DECREASE) IN CASH (581,541) (150,403) 2,068
CASH AT BEGINNING OF PERIOD 583,609 150,908 -
------------ ------------ ------------
CASH AT END OF PERIOD $ 2,068 $ 505 $2,068
============ ============ ============
CASH PAID FOR:
Interest $ - $ - $ 114
Income taxes $ - $ - $ -
NON-CASH FINANCING ACTIVITIES
Common stock issued for acquisition of asset $ - $ - $ 394,062
Common stock issued for debt conversion $ - $ - $ 1,210,719
Common stock issued for mineral properties $ - $ - $ 550,000
Common stock issued for services $ - $ - $ 3,781,023
Common stock issued for license $ - $ - $ 125,000
Common stock issued for subscription $ - $ - $ 387,750
Common stock issued for payment of
accounts payable $ - $ - $ 8,800
Services performed by related parties for the
reduction in stock subscription receivable $ - $ - $ 246,761
The accompanying notes are an integral part of these financial statements.
7
KOMODO, INC.
(A Development Stage Company)
Notes to the Financial Statements
September 30, 2005 and March 31, 2005
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION
The accompanying unaudited condensed financial statements have been
prepared by the Company pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United
States of America have been condensed or omitted in accordance with
such rules and regulations. The information furnished in the interim
condensed financial statements include normal recurring adjustments and
reflects all adjustments, which, in the opinion of management, are
necessary for a fair presentation of such financial statements.
Although management believes the disclosures and information presented
are adequate to make the information not misleading, it is suggested
that these interim condensed financial statements be read in
conjunction with the Company's most recent audited financial statements
and notes thereto included in its March 31, 2005 Annual Report on Form
10-KSB. Operating results for the six months ended September 30, 2005
are not necessarily indicative of the results that may be expected for
the year ending March 31, 2006.
NOTE 2 - GOING CONCERN
The Company's financial statements are prepared using United States
generally accepted accounting principles applicable to a going concern
which contemplates the realization of assets and liquidation of
liabilities in the normal course of business. However, the Company has
not an established a reliable source of revenues sufficient to cover
its operating costs and to allow it to continue as a going concern. The
Company intends to develop a secure e-mail service for sale to the
public. In the interim, management is committed to meeting the
operational cash flow needs of the Company through the private
placement of shares of its common stock. The Company is in the
beta-testing stage with its e-mail service and expects to have a
marketable service by the end of 2005.
The ability of the Company to continue as a going concern is dependent
upon its ability to successfully accomplish the plan described in the
preceding paragraph and eventually attain profitable operations. The
accompanying financial statements do not include any adjustments that
may be necessary if the Company is unable to continue as a going
concern.
NOTE 3 - RELATED PARTY TRANSACTIONS
As of September 30, 2005, the Company owed related parties $58,367 for
amounts advanced to the Company to cover operating expenses and accrued
salaries.
8
KOMODO, INC.
(A Development Stage Company)
Notes to the Financial Statements
September 30, 2005 and March 31, 2005
NOTE 3 - RELATED PARTY TRANSACTIONS (Continued)
On September 28, 2005, the Company printed a common stock certificate
for 300,000 shares of its common stock to be held as collateral for
advertising services performed and to be performed by AlphaTrade.com.
AlphaTrade.com has management in common with the Company. The shares
are considered to be unissued because they will only be delivered to
AlphaTrade.com, Inc. upon failure of the Company to pay for the
advertising services. The Company has accrued $60,000 for these
services through September 30, 2005.
The Company has a receivable of $31,653 from Real Time. Real Time has
management in common with the Company. The receivable will be repaid as
Real Time incurs and pay expenses on the Company's behalf.
NOTE 5 - OPTIONS AND WARRANTS
On September 27, 2002, the Company established the 2002 stock option
plan (the plan) to promote the interests of the Company. The Board of
Directors of the Company has sole and complete authority to determine
the employees to whom options shall be granted, the number of each
grant and any additional conditions and limitations. The total number
of shares of common stock subject to outstanding options shall be
1,000,000 shares. The exercise price shall not be less than the fair
market value of the underlying shares.
On August 8, 2003, the Company established the 2003 stock option plan
(the plan) to promote the interests of the Company. The Board of
Directors of the Company has sole and complete authority to determine
the employees and/or consultants to who options shall be granted, the
number of each grant and any additional conditions and limitations. The
total number of shares of common stock subject to outstanding options
shall be 1,150,000 shares. The exercise price shall not be less than
the fair market value of the underlying shares.
On February 12, 2004, the Company established the 2004 stock option
plan (the plan) to promote the interests of the Company. The Board of
Directors of the Company has sole and complete authority to determine
the employees and/or consultants to who options shall be granted, the
number of each grant and any additional conditions and limitations. The
total number of shares of common stock subject to outstanding options
shall be 1,000,000 shares. The exercise price at the date of grant
shall not be less than the fair market value of the underlying shares.
On December 1, 2004, in connection with the private placement of its
common stock, the Company granted options to purchase 500,000 shares of
its common stock at $1.50 per share, 500,000 shares of its common stock
at $3.00 per share and 500,000 shares of its common stock at $5.00 per
share.
9
KOMODO, INC.
(A Development Stage Company)
Notes to the Financial Statements
September 30, 2005 and March 31, 2005
NOTE 5 - OPTIONS AND WARRANTS (Continued)
A summary of the status of the Company's outstanding stock options as
of September 30, 2005 (FY2006) and March 31,2005 (FY2005) and changes
during the six months ended September 30, 2005 and the year ended March
31,2005 is presented below:
2006 2005
------------------- -------------------
Weighted Weighted
Average Average
Exercise Exercise
Shares Price Shares Price
--------- ------- --------- -------
Outstanding, beginning of
year 4,650,000 $ 1.27 3,150,000 $ 0.36
Granted - - 1,500,000 3.17
Expired/Cancelled - - - -
Exercised - - - -
--------- ------- --------- -------
Outstanding, end of year 4,650,000 $ 1.27 4,650,000 $ 1.27
========= ======= ========= =======
Exercisable 3,575,000 $ 1.52 3,575,000 $ 1.52
========= ======= ========= =======
Outstanding Exercisable
--------------------------------------------- ---------------------
Weighted
Number Average Weighted Number Weighted
Range of Outstanding Remaining Average Exercisable Average
Exercise at Sept.30, Contractual Exercise at Sept.30, Exercise
Prices 2005 Life Price 2004 Price
------------ ----------- ----------- -------- ------------ --------
$0.14 - 5.00 4,650,000 7.67 $ 1.27 3,575,000 $ 1.52
------------ ---------- ----- -------- ----------- --------
$0.14 - 5.00 4,650,000 7.67 $ 1.27 3,575,000 $ 1.52
============ =========== =========== ======== =========== ========
The Company has the following outstanding warrants:
10
KOMODO, INC.
(A Development Stage Company)
Notes to the Financial Statements
September 30, 2005 and March 31, 2005
NOTE 5 - OPTIONS AND WARRANTS (Continued)
2006 2005
------------------- -------------------
Weighted Weighted
Average Average
Exercise Exercise
Shares Price Shares Price
--------- ------- --------- -------
Outstanding, beginning of
year 7,500,000 $ 0.46 3,500,000 $ 0.18
Granted - - 4,000,000 0.70
Expired/Cancelled - - - -
Exercised - - - -
--------- ------- --------- -------
Outstanding end of year 7,500,000 $ 0.46 7,500,000 $ 0.46
========= ======= ========= =======
Exercisable 7,500,000 $ 0.46 7,500,000 $ 0.46
========= ======= ========= =======
Outstanding Exercisable
------------------------------------ --------------------------------
Weighted
Number Average Weighted Number Weighted
Range of Outstanding Remaining Average Exercisable Average
Exercise at Sept.30, Contractual Exercise at Sept.30, Exercise
Prices 2005 Life Price 2005 Price
------------ ----------- ----------- ---------- ------------ --------
$ 0.12-0.70 7,500,000 8.19 $0.12-0.70 7,500,000 $ 0.46
------------ ----------- ----------- ---------- ------------ --------
$ 0.12-0.70 7,500,000 8.19 $0.12-0.70 7,500,000 $ 0.46
============ =========== =========== ========== ============ ========
The warrants were repriced on March 19, 2001. The exercise price was
less than the trading price of the stock. Accordingly, a compensation
expense of $51,761 was recorded as per the Black Scholes calculation.
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The accompanying balance sheets of Komodo, Inc. at September 30,
2005 and March 31, 2005, related statements of operations and cash flows for the
three months and six months ended September 30, 2005 and 2004, have been
prepared by our management in conformity with accounting principles generally
accepted in the United States of America. In the opinion of management, all
adjustments considered necessary for a fair presentation of the results of
operations and financial position have been included and all such adjustments
are of a normal recurring nature. Operating results for the quarter and six
months ended September 30, 2005, are not necessarily indicative of the results
that can be expected for the fiscal year ending March 31, 2006.
11
Item 2. Management's Discussion and Analysis of Financial Condition or Plan of
Operations
The following information should be read in conjunction with the financial
statements and notes thereto appearing elsewhere in this Form 10-QSB.
Forward-looking and Cautionary Statements
This report contains certain forward-looking statements. These statements relate
to future events or our future financial performance and involve known and
unknown risks and uncertainties. These factors may cause our company's, or our
industry's actual results, levels of activity, performance or achievements to be
materially different from those expressed or implied by the forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as "may," "will" "should," "expects," "intends," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential," "continue," or
the negative of these terms or other comparable terminology.
These statements are only predictions. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
Business Overview
-----------------
Komodo is a software development company in the process of designing and
building a web based application designed to eradicate viruses, spam, unwanted
e-mails while providing complete privacy and or anonymity. E-mail traffic is
rampant with viruses, unwanted spam, unsolicited adult content and causes 100's
of millions of dollars in wasted time and added bandwidth costs to the current
infrastructure. This annoying and costly phenomenon increasingly results in
extra expenses in terms of lost productivity when computers are virus infected
and getting rid of unwanted e-mails. Current solutions are ineffective
filtration methods and usually require special software or equipment to be
installed on the client side.
We believe our e-mail system will be effective in eliminating spam, viruses,
unwanted e-mail solicitations and will speed up the delivery of all mail,
especially larger files. The application will be a subscription based service
which will enable customers to continue using their current e-mail address
thereby minimizing any frustrations and eliminating unnecessary stress caused by
changing e-mail addresses or domains. Subscribers will be able to sign up online
for the services and will be provided with a multiple selection of products
designed for eliminating spam, viruses while providing extremely high levels of
security and privacy. Our technology is in development and it is anticipated
will undergo some structural changes before release in its beta format.
Development of web based technology requires open-ended development and
typically code is rewritten, adjusted and modified during development which may
result in delays.
We expect that we need approximately $1,500,000 over the next 12 month period.
In the past 12 months we have raised $1,422,000. This funding was completed in
the form of private placement funding from the sale of shares of the company's
common stock. Without adequate funding the product will not progress. Obtaining
financing depends on current market conditions, the willingness of the
12
investment community to make investments into software development, the timing
of key developments of the software and other similar factors. We cannot provide
any assurances that we will be able to secure the funding.
Results of Operations
Net losses for the three months ended September 30, 2005 were $345,000, as
compared to $115,000 for the same period in 2004. The net loss for 2005
translates into a loss of $0.02 per share compared to a loss of $0.01 per share
for the same period in 2004. The increase in the net loss is attributable to
research and development fees incurred in the development of our technology of
approximately $70,000 compared to $-0- in 2004. Our office lease expense and
incurred related occupancy expenses was $32,000 compared to $6,000 in 2004. We
paid or accrued approximately $121,000 to our management consultants in the
second quarter of fiscal 2006 compared to $44,000 in the prior year. The balance
of our general and administrative expenses were made up primarily of legal and
accounting of approximately $5,000 and advertising/marketing of $62,000 compared
to $11,000 and $-0-, respectively.
Net losses for the six months ended September 30, 2005 were $732,000 as compared
to $361,000 for the same period in 2004. The net loss for 2005 translates into a
loss of $0.05 per share compared to a loss of $0.04 per share for the same
period in 2004. The increase in the net loss is attributable to research and
development fees incurred in the development of our technology of approximately
$140,000 compared to $-0- in 2004. Our office lease expense and incurred related
occupancy expenses was $59,000 compared to $6,000 in 2004. We paid or accrued
approximately $235,000 to our management consultants in the first half of fiscal
2006 compared to $173,000 in the prior year. The balance of our general and
administrative expenses were made up primarily of legal and accounting of
approximately $23,000 and advertising/marketing of $163,000 compared to $23,000
and $53,000, respectively.
Liquidity and Capital Resources
We had approximately $2,000 cash on hand at September 30, 2005 compared to
$584,000 at March 31, 2005. We used approximately $542,000 of cash for
operations during the six months ended September 30, 2005 compared to
approximately $327,000 for the same period of FYE 2005. The increase was due to
the completion of the development of our e-mail security technology and the
preparation for beta testing of the product. We estimate that we will need
approximately $1,500,000 of additional funds over the next twelve months.
We estimate that existing sources of liquidity and the funds provided by
anticipated capital activity will satisfy our projected working capital
requirements through fiscal 2006. Our ability to maintain sufficient liquidity
through fiscal 2006 is dependent on our raising additional capital and such
capital may not be available on acceptable terms, if at all. Additional
financing may result in substantial and immediate dilution to existing
stockholders. If adequate funds are not available to satisfy either short or
long-term capital requirements, we may be required to curtail operations
significantly or to seek funds through arrangements with strategic partners,
existing investors or other parties.
Item 3. Controls and Procedures
13
As of the end of the period covered by this report, we carried out an
evaluation, under the supervision and with the participation of management,
including our chief executive officer and principal financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Securities
Exchange Act of 1934. Based upon that evaluation, our chief executive officer
and principal financial officer concluded that our disclosure controls and
procedures are effective to cause the material information required to be
disclosed by us in the reports that we file or submit under the Exchange Act to
be recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms. There have been no significant changes
in our internal controls or in other factors which could significantly affect
internal controls subsequent to the date we carried out our evaluation.
PART II - OTHER INFORMATION.
Item 1. Legal Proceedings.
We are not aware of any pending claims or assessments, that may have a
material adverse impact on Komodo's financial position or results of operations.
Item 2. Changes in Securities.
The following unregistered securities have been issued since March 31st, 2005:
Valued
Date No. of Shares Title At Reason
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 and Reports on Form 8-K.
(a) Exhibits
(a) Exhibits
Exhibit 31.1 Certification of C.E.O. and Principal Accounting Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.1 Certification of C.E.O. and Principal Accounting Officer
Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
(b) Report on Form 8-K
None
14
SIGNATURES
In accordance with the requirements of the Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
KOMODO, INC.
Date: November 8, 2005 / s / Gordon Muir
----------------------------
President / Director
Principal Accounting Officer
15