LiquidValue Development Inc. - Quarter Report: 2017 March (Form 10-Q)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[X] QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the
quarterly period ended March 31, 2017
or
[
] TRANSITION REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the
transition period from __________to _________
000-55038
Commission
file number
HOMEOWNUSA
(Exact
name of registrant as specified in its charter)
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NEVADA
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27-1467607
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State
or other jurisdiction of incorporation or
organization
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(I.R.S.
Employer Identification No.)
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4800 Montgomery Lane, Bethesda, Maryland
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20814
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(Address
of principal executive offices)
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(Zip
Code)
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301-971-3940
Registrant’s
telephone number, including area code
N/A
(Former
name, former address and former fiscal year, if changed since last
report)
Indicate
by check mark whether the registrant (1) has 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 [ ] No [x]
Indicate
by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files). Yes [ ] No
[x]
Indicate
by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of
“large accelerated filer,” “accelerated
filer”, “smaller reporting company” and
“emerging growth company” in Rule 12b-2 of the Exchange
Act.
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Large
accelerated filer
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[
]
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Accelerated
filer
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[
]
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Non-accelerated
filer
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[
]
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Smaller
reporting company
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[x]
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(Do not
check if a smaller reporting company)
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Emerging
growth company
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[x]
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If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [
]
Indicate
by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act). Yes [x] No [
]
As of May 15, 2017, there were [74,043,324] shares of the
registrant’s common stock $0.001 par value per share, issued
and outstanding.
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Table of Contents
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Page
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No.
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Part
I.
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Interim
Financial Information
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Item 1.
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Financial
Statements (Unaudited)
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4
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Item
2.
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Management’s
Discussion and Analysis of Financial Condition and Results of
Operations.
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12
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Item
3.
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Quantitative
and Qualitative Disclosures about Market Risk
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12
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Item
4.
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Controls
and Procedures
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12
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Part
II.
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Other
Information
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Item
1.
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Legal
Proceedings
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13
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Item
1a.
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Risk
Factors
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13
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Item
2.
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Unregistered
Sales of Equity Securities and Proceeds
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13
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Item
3.
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Defaults
Upon Senior Securities
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13
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Item
4.
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Submission
of Matters to a Vote of Security Holders
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13
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Item
5.
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Other
Information
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13
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Item
6.
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Exhibits
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13
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Signatures
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14
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2
HOMEOWNUSA
FINANCIAL STATEMENTS
March 31, 2017
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Condensed
Balance Sheets
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4
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Condensed
Statements of Operations
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5
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Condensed
Statements of Changes in Stockholders’ Equity
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6
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Condensed
Statements of Cash Flow
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7
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Notes
to Condensed Financial Statements (unaudited)
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8
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3
HOMEOWNUSA
CONDENSED BALANCE SHEETS
As Of March 31, 2017 (UNAUDITED) AND DECEMBER 31, 2016
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March 31,
2017
(Unaudited)
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December
31,
2016
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CURRENT
ASSETS:
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Cash
or cash equivalents
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$4,657
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$32,376
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TOTAL
CURRENT ASSETS
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4,657
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32,376
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TOTAL
ASSETS
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$4,657
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$32,376
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LIABILITIES
AND STOCKHOLDERS' DEFICIT
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CURRENT
LIABILITIES:
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Accounts
payable and accrued expenses
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$21,750
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$40,346
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TOTAL
CURRENT LIABILITIES
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21,750
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40,346
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TOTAL
LIABILITIES
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21,750
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40,346
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STOCKHOLDERS'
DEFICIT:
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Capital
stock (Note 3), authorized 75,000,000, $0.001 par
value
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74,043,324
shares issued and outstanding, as of
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March
31, 2017 and December 31, 2016, respectively
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74,043
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74,043
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Additional
paid-in capital
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100,694
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100,694
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Accumulated
deficit
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(191,830)
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(182,707)
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TOTAL
STOCKHOLDERS' DEFICIT
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$(17,093)
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$(7,970)
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TOTAL
LIABILITIES AND STOCKHOLDERS’ DEFICIT
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$4,657
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$32,376
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The
accompanying notes are an integral part of these financial
statements.
4
HOMEOWNUSA
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016
(UNAUDITED)
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Three months
ended
March 31,
2017
(Unaudited)
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Three
months ended
March 31,
2016
(Unaudited)
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Total
Revenues
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$-
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$-
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Operating
expenses:
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Bank
Service Charges
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30
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30
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Computer
& Internet Expense
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93
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Transfer
Agent
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1,500
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1,648
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Accounting/Auditing
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6,000
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4,000
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Legal
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1,500
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1,005
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Total
operating expenses
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9,123
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6,683
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Loss
from operations
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(9,123)
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(6,683)
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Net
loss applicable to common shareholders
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$(9,123)
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$(6,683)
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Net
loss per share - basic and diluted
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(0.00)
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(0.00)
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Weighted
number of shares outstanding -
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Basic
and diluted
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74,043,324
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74,043,324
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The
accompanying notes are an integral part of these financial
statements.
5
HOMEOWNUSA
CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE PERIOD JANUARY 31, 2015 THROUGH MARCH 31, 2017
(UNAUDITED)
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Common
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Paid-In
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Discount
on
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Accumulated
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Stockholders'
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Shares
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Par
Value
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Capital
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Common
Stock
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Deficit
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Deficit
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Balance December
31, 2015
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74,043,324
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$74,043
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$79,694
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$(37,000)
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$(127,827)
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$(11,090)
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Proceeds from
majority shareholder
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-
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-
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$21,000
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$37,000
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-
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$58,000
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Net loss for
period
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-
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-
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-
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-
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$(54,880)
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$(54,880)
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Balance December
31, 2016
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74,043,324
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$74,043
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$100,694
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$-
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$(182,707)
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$(7,970)
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Net loss for
period
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-
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-
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-
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$(9,123)
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$(9,123)
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Balance March 31,
2017
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74,043,324
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$74,043
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$100,694
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$-
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$(191,830)
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$(17,093)
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The
accompanying notes are an integral part of these financial
statements.
6
HOMEOWNUSA
STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016
(UNAUDITED)
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Three Months
ended March 31, 2017 (Unaudited)
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Three Months
ended March 31, 2016 (Unaudited)
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CASH
FLOWS FROM OPERATING ACTIVITIES:
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Net
loss
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$(9,123)
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$(6,683)
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Adjustments
to reconcile net loss to cash used in operating
activities:
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Change in operating assets and
liabilities:
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Accounts
payable and accrued expenses
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(18,596)
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4,804
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Net
cash used in operating activities
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(27,719)
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(1,879)
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CASH
FLOW FROM FINANCING ACTIVITIES:
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Proceeds from
majority shareholder
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-
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18,000
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Net
cash provided by financing activities
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-
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18,000
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NET
INCREASE (DECREASE) IN CASH
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(27,719)
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16,121
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CASH
AND CASH EQUIVALENTS at beginning of period
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32,376
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1,248
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CASH
AND CASH EQUIVALENTS at end of period
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$4,657
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$17,369
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Supplemental
disclosure of cash flow information
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Cash
paid for:
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Interest
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$-
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$-
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Income
Taxes
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$-
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$-
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The
accompanying notes are an integral part of these financial
statements.
7
NOTE 1 – NATURE OF OPERATIONS AND BASIS OF
PRESENTATION
HOMEOWNUSA
was incorporated in the State of Nevada as a for-profit Company on
December 10, 2009 and established a fiscal year end of January
31st. The Company was organized to enter into the home equity
lease/rent to own business. On December 31, 2013, the
Company’s sole director and officer and nine other
shareholders sold their interest in the Company to Cloud Biz
International Pte, Ltd (“CloudBiz”), a Singapore
corporation. The total number of shares purchased was 15,730 which
represented a 69% interest in the Company (the
“Transaction”). Along with the Transaction, the sole
director and officer resigned and a new officer director was named.
On July 7, 2014 CloudBiz invested $37,000 in the Company. For such
investment, CloudBiz received an additional 74 million shares. In
October 2014, the Company issued 20,534 shares to 30 new investors
for total proceeds of $2,053. On December 22, 2016 Cloudbiz
International Pte. Ltd transferred 74,015,730 common shares to
Singapore eDevelopment Ltd. On March 10, 2017, our board of
directors approved and ratified a change in the Company's fiscal
year end from January 31st to December 31st, effective
immediately as of the date of the board approval. The Company
is currently looking into potential business plan opportunities but
has not yet decided on a plan.
Going concern
To date the Company has generated no revenues from its business
operations and has incurred operating losses since inception of
$191,830. The Company requires additional funding to meet its
ongoing obligations and to fund anticipated operating losses. The
ability of the Company to continue as a going concern is dependent
on raising capital to fund its initial business plan and ultimately
to attain profitable operations. Accordingly, management has
concluded that due to these factors described above, there is
substantial doubt as to the Company’s ability to continue as
a going concern through May 2018. The Company intends to
continue to fund its business by way of private placements and
advances from related parties as may be required. These financial
statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts, or
amounts and classification of liabilities that might result from
this uncertainty.
Currently the company is an OTC shell company. Most expenses are
audit, tax and SEC filing expenses, which are total approximately
$36,000 annually. The company does not pay salaries and
compensations to its officers and directors. The 99.96%
shareholder, Singapore eDevelopment Ltd, a multinational public
company, listed on the Singapore Exchange Securities Trading
Limited (“SGX-ST”), will provide advances for the
operation costs as additional paid in capital anytime when the
company needs. We have evaluated the significance of the conditions
in relation to our ability to meet our obligations and believe that
our current cash balance in addition to future advancements
received from our majority shareholders will provide sufficient
capital to continue operations through May 2018.
Basis of Presentation
The
financial statements present the condensed balance sheet, the
condensed statements of operations, the condensed statement of
stockholders’ deficit and the condensed statement of cash
flows of the Company. These financial statements are presented in
the United States dollars and have been prepared in accordance with
accounting principles generally accepted in the United
States.
Unaudited Financial Statements
The
accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles for
financial information and with the instructions to Form 10-Q. They
do not include all information and footnotes required by United
States generally accepted accounting principles for complete
financial statements. However, except as disclosed herein, there
has been no material changes in the information disclosed in the
notes to the financial statements for the year ended December 31,
2016 included in the Company’s Annual Report on Form 10-K
filed with the Securities and Exchange Commission. The unaudited
financial statements should be read in conjunction with those
financial statements included in the Form 10-K. In the opinion of
Management, all adjustments considered necessary for a fair
presentation, consisting solely of normal recurring adjustments,
have been made. Operating results for the three months ended March
31, 2017 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2017.
8
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Loss per Common Share
Basic
loss per share is computed by dividing the net loss attributable to
the common stockholders by weighted average number of shares of
common stock outstanding during the period. Fully diluted loss per
share is computed similar to basic loss per share except that the
denominator is increased to include the number of additional common
shares that would have been outstanding if the potential common
shares had been issued and if the additional common shares were
dilutive. There were no dilutive financial instruments issued or
outstanding for the periods ended March 31, 2017 or March 31,
2016.
Income Taxes
The
Company accounts for income taxes pursuant to FASB ASC 740.
Deferred tax assets and liabilities are determined based on
temporary differences between the bases of certain assets and
liabilities for income tax and financial reporting purposes. The
deferred tax assets and liabilities are classified according to the
financial statement classification of the assets and liabilities
generating the differences.
The
Company maintains a valuation allowance with respect to deferred
tax assets. The Company establishes a valuation allowance based
upon the potential likelihood of realizing the deferred tax asset
and taking into consideration the Company’s financial
position and results of operations for the current period. Future
realization of the deferred tax benefit depends on the existence of
sufficient taxable income within the carry-forward period under the
Federal tax laws.
Changes
in circumstances, such as the Company generating taxable income,
could cause a change in judgment about the realizability of the
related deferred tax asset. Any change in the valuation allowance
will be included in income in the year of the change in
estimate.
Fair Value of Financial Instruments
The
Company estimates the fair value of financial instruments using the
available market information and valuation methods. Considerable
judgment is required in estimating fair value. Accordingly, the
estimates of fair value may not be indicative of the amounts the
Company could realize in a current market exchange. As of March 31,
2017 the carrying value of accounts payable-trade and accrued
liabilities approximated fair value due to the short-term nature
and maturity of these instruments.
Estimates
The
financial statements are prepared on the basis of accounting
principles generally accepted in the United States. The preparation
of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and
liabilities. Actual results could differ from those estimates made
by management.
Recent Accounting Pronouncements
On
January 5, 2016, the FASB issued Accounting Standards Update
2016-01, Financial Instruments–Overall: Recognition and
Measurement of Financial Assets and Financial Liabilities (the
ASU). Changes to the current GAAP model primarily affects the
accounting for equity investments, financial liabilities under the
fair value option, and the presentation and disclosure requirements
for financial instruments. In addition, the FASB clarified guidance
related to the valuation allowance assessment when recognizing
deferred tax assets resulting from unrealized losses on
available-for-sale debt securities. The accounting for other
financial instruments, such as loans, investments in debt
securities, and financial liabilities is largely
unchanged.
On Feb.
25, 2016, the Financial Accounting Standards Board (FASB) released
Accounting Standards Update No. 2016-02, Leases (Topic
842) (the Update). The new leasing standard presents dramatic
changes to the balance sheets of lessees. Lessor
accounting is updated to align with certain changes in the
lessee model and the new revenue recognition standard. The Company
does not expect the adoption of ASU No. 2016-02 to have a material
impact on its financial statements.
9
In
August 2016, FASB issued ASU No. 2016-15, “Classification of
Certain Cash Receipts and Cash Payments” (“ASU
2016-15”). ASU 2016-15 clarifies the presentation and
classification of certain cash receipts and cash payments in the
statement of cash flows. ASU 2016-15 is effective for fiscal years,
and interim periods within those years beginning after December 15,
2017. Early adoption is permitted. The Company does not expect the
adoption of ASU No. 2016-15 to have a material impact on its
financial statements.
The
Company has implemented all new accounting pronouncements that are
in effect and that may impact its financial statements and does not
believe that there are any other new accounting pronouncements that
have been issued that might have a material impact on its financial
position or results of operations.
NOTE 3 – CAPITAL STOCK
The
Company’s capitalization is 75,000,000 common shares with a
par value of $0.001 per share. No preferred shares have been
authorized or issued.
On July
7, 2014 CloudBiz invested $37,000 in the Company. For such
investment, CloudBiz received an additional 74 million common
shares. The 74 million common shares were issued below par at a
discount. The discount of $37,000 was recorded as a “discount
on common stock” in equity.
During
October 2014, the Company issued 20,534 common shares to 30
individual investors for total proceeds of $2,053.
In
February of 2016, the Company received an additional $18,000 from
Cloudbiz International Pte. Ltd., its majority shareholder, to
assist the company in paying for operating expenses. The $18,000
was applied to "discount on common stock". In October of 2016, The
Company received an additional $40,000 from Cloudbiz International
Pte. Ltd., its majority shareholder, to assist the Company in
paying for operating expenses. Of the $58,000 of proceeds received
from Cloudbiz International Pte. Ltd, $37,000 were applied to
"discount on common stock" and the remaining proceeds were applied
to additional paid-in-capital.
On
December 22, 2016 Cloudbiz International Pte. Ltd transferred
74,015,730 common shares to Singapore eDevelopment
Ltd.
NOTE 4 – SUBSEQUENT EVENTS
None.
10
Item 2.
Management’s Discussion and Analysis or Plan of
Operation.
FORWARD-LOOKING STATEMENTS
Certain
matters discussed herein are forward-looking statements. Such
forward-looking statements contained in this Form 10-Q involve
risks and uncertainties, including statements as to:
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1.
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our
future operating results;
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2.
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our
business prospects;
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3.
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any
contractual arrangements and relationships with third
parties;
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4.
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the
dependence of our future success on the general
economy;
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5.
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any
possible financings; and
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6.
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the
adequacy of our cash resources and working
capital.
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These
forward-looking statements can generally be identified as such
because the context of the statement will include words such as we
“believe,” “anticipate,”
“expect,” “estimate” or words of similar
meaning. Similarly, statements that describe our future plans,
objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and
uncertainties which are described in close proximity to such
statements and which could cause actual results to differ
materially from those anticipated as of the date of filing of this
Form 10-Q. Shareholders, potential investors and other readers
are urged to consider these factors in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements included herein are only made as of the date of filing
of this Form 10-Q, and we undertake no obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances.
This
discussion contains forward-looking statements that reflect our
plans, estimates and beliefs. Our actual results may differ
materially from those anticipated in these forward-looking
statements.
Overview
The
Company has decided to not pursue its original business plan. The
Company presently has no revenues and minimal assets, and
accordingly, the Company is deemed to be a shell company. The
Company is currently reviewing business opportunities, including
the potential to enter into a reverse merger transaction. Our
officers and directors are presently exploring such opportunities.
To become profitable, we will need to commence operations utilizing
a new business plan.
Change in Fiscal Year End
On
March 10, 2017, the board of directors of the Company approved and
ratified to change the Company's fiscal year end from January 31 to
December 31, effective immediately as of the date of the board
approval. In view of this change, HomeownUSA compares the unaudited
financial statements as of and for the three months ended March 31,
2017 (also referred to as the first quarter of fiscal year 2017)
with the unaudited financial statements as of and for the three
months ended March 31, 2016.
Results of Operations
For the unaudited three-month period ended March 31, 2017 and
2016
For the
three months ended March 31, 2017 and 2016, we had $0 revenues. Our
total expenses for the three months ended March 31, 2017 were
$9,123 as compared to operating expenses of $6,683 for the three
months ended March 31, 2016, representing an increase of $2,440.
The increase in total expenses was primarily due to increased
professional fees related to the Company’s efforts to update
its financial records. For the three months ended March 31, 2017,
we incurred a net loss of $9,123 as compared to a net loss of
$6,683 for the three months ended March 31, 2016.
Our
auditor has expressed substantial doubt as to whether we will be
able to continue to operate as a going concern due to the fact that
the Company has incurred net operating losses of $191,830 from
inception through March 31, 2017 and has not yet established on
going source of revenues sufficient to cover its operating costs
and allow it continue as a going concern. The ability of the
Company to continue as a going concern is dependent on the Company
obtaining the adequate capital to fund operating losses until it
becomes profitable. If the Company is unable to obtain adequate
capital, it could be forced to cease operations. We believe that we
will be able to continue operations through May 2018.
11
Liquidity and Capital Resources
As of
March 31, 2017, we had cash of $4,657. We anticipate that our
current cash and cash equivalents and cash generated from
operations, if any, will be insufficient to satisfy our liquidity
requirements for at least the next 12 months. We will require
additional funds prior to such time and the Company will seek to
obtain these funds by selling additional capital through private
equity placements, debt or other sources of financing. If we are
unable to obtain sufficient additional financing, we may be
required to reduce the scope of our planned operations, which could
harm our business, financial condition and operating results.
Additional funding to meet our requirements may not be available on
favorable terms, if at all.
For the
three months ended March 31, 2017, we had net loss of $9,123. We
had a change in accounts payable and accrued expenses of $18,596,
resulting in net cash used in operating activities of $27,719 for
the period.
For the
three months ended March 31, 2016, we incurred net loss of $6,683.
We had a change in accounts payable and accrued expenses of $4,804,
resulting in net cash used in operating activities of $1,879 for
the period.
For the
three months ended March 31, 2017 and 2016, we did not pursue any
investing activities.
For the
three months ended March 31, 2017, we did not pursue any financing
activities.
For the
three months ended March 31, 2016, we received $18,000 from the
majority shareholder, resulting in net cash provided by financing
activities of $18,000 for the period.
Off-Balance Sheet Arrangements
As of
March 31, 2017, we do not have any off-balance sheet arrangements,
as defined under applicable SEC rules.
Item 3. Quantitative and Qualitative Disclosures about Market
Risk
We are
a smaller reporting company as defined in Rule 12b-2 of the
Security Act of 1934 and are not required to provide the
information required under this item.
Item 4. Controls and Procedures
Our
Chief Executive Officer and Chief Financial Officer are responsible
for establishing and maintaining disclosure controls and procedures
for the Company.
(a)
Evaluation of Disclosure
Controls and Procedures
Based
on the evaluation as of the end of the period covered by this
Quarterly Report on Form 10-Q, our Chief Executive Officer and
Chief Financial Officer concluded that our disclosure controls and
procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”) are not effective to ensure that information required
to be disclosed by us in reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported within
the time periods specified in the Securities and Exchange
Commission’s (“SECs”) rules and forms and to
ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is
accumulated and communicated to our management, including our Chief
Executive Officer and Chief Financial Officer, as appropriate to
allow timely decisions regarding required disclosure. Management
determined that as of March 31, 2017, we had a material weakness
that relates to the relatively small number of employees who have
bookkeeping and accounting functions and therefore prevents us from
segregating duties within our internal control system.
(b)
Changes in the
Company’s Internal Controls Over Financial
Reporting
There
was no change in our internal control over financial reporting (as
defined in Rules 13a-15(f) and 15(d)-15(f) under the Exchange Act)
that occurred during the quarterly period ended March 31, 2017 that
has materially affected, or is reasonably likely to materially
affect, our internal control over financial reporting.
12
Part II. Other Information
Item 1. Legal Proceeding
The registrant is not a party to, and its property is not the
subject of, any material pending legal proceedings.
Item 1A. Risk Factors
Not applicable to smaller reporting companies.
Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds
None
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not Applicable
Item 5. Other Information
None
Item 6. Exhibits
The following documents are filed as a part of this
report:
|
Exhibit 31.1* - Certification of Chief
Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002.
|
|
Exhibit 31.2* - Certification of Chief
Financial Officer 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
|
|
101.INS**
XBRL Instance Document
|
|
101.SCH**
XBRL Taxonomy Extension Schema Document
|
|
101.CAL**
XBRL Taxonomy Extension Calculation Linkbase
Document
|
|
101.DEF**
XBRL Taxonomy Extension Definition Linkbase
Document
|
|
101.LAB**
XBRL Taxonomy Extension Label Linkbase
Document
|
|
101.PRE**
XBRL Taxonomy Extension Presentation Linkbase
Document
|
* Filed herewith.
**XBRL (Extensible Business Reporting Language) information is
furnished and not filed or a part of a registration statement or
prospectus for purposes of Sections 11 or 12 of the Securities Act
of 1933, as amended, is deemed not filed for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, and otherwise
is not subject to liability under these sections.
13
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.
|
|
HOMEOWNUSA
|
|
|
|
|
|
|
|
|
Dated:
May 15, 2017
|
By:
|
/s/
Conn
Flanigan
|
|
|
|
|
Conn
Flanigan, Chief Executive Officer, Director
(Principal
Executive Officer)
|
|
|
Dated:
May 15, 2017
|
By:
|
/s/
Rongguo
(Ronald) Wei
|
|
|
|
|
Rongguo (Ronald) Wei |
|
|
|
|
Chief
Financial Officer
(Principal
Financial and Accounting Officer)
|
|
14