Thunder Energies Corp - Quarter Report: 2013 February (Form 10-Q)
United States
Securities and Exchange Commission
Washington, D.C. 20549
Form 10-Q
x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 28, 2013
or
o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from __________ to __________.
Commission file number 000-54464
CCJ ACQUISITION CORP.
(Name of small business issuer in its charter)
Florida
(State or other jurisdiction of incorporation or organization)
45-1967797
(I.R.S. Employer Identification No.)
8200 Seminole Boulevard, Seminole, Florida 33772
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (727) 322-5111
Indicate by check mark whether the registrant (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. x Yes o No
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). o Yes x No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer o | Accelerated filer o | Non-accelerated filer o | Smaller reporting company x |
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) x Yes o No
The number of shares of the issuer’s common stock, par value $.001 per share, outstanding as of May 14, 2013 was 3,000,000. There are zero (0) shares of the issuer’s preferred stock outstanding as of such date.
TABLE OF CONTENTS
Page
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Part I. Financial Information. | 3 | ||||
Item 1. |
Financial Statements.
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3 | |||
Balance Sheets for the periods ending February 28, 2013 (unaudited) and May 31, 2012 (audited).
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3 | ||||
Statements of Operations (unaudited) for the three and nine month periods ended February 28, 2013 and February 29, 2012.
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4 | ||||
Statement of Stockholders’ Equity for the period from April 21, 2011 (inception) until February 28, 2013.
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5 | ||||
Statements of Cash Flows (unaudited) for the nine month periods ended February 28, 2013 and February 29, 2012.
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6 | ||||
Notes to Financial Statements (unaudited).
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7 | ||||
Item 2. |
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
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11 | |||
Item 3. |
Quantitative and Qualitative Disclosures About Market Risk.
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14 | |||
Item 4. |
Controls and Procedures.
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14 | |||
Part II. Other Information. | 15 | ||||
Item 1. |
Legal Proceedings.
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15 | |||
Item 1A. |
Risk Factors.
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15 | |||
Item 2. |
Unregistered Sales of Equity Securities and Use of Proceeds.
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15 | |||
Item 3. |
Defaults Upon Senior Securities.
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15 | |||
Item 4. |
Mine Safety Disclosure.
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15 | |||
Item 5. |
Other Information.
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15 | |||
Item 6. |
Exhibits.
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16 | |||
Signatures. | 17 |
2
Part I. Financial Information
Item 1. Financial Statements
CCJ Acquisition Corp.
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(A Development Stage Company)
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Condensed Balance Sheets
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February 28,
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May 31,
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2013
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2012
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(unaudited)
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(audited)
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ASSETS
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Current Assets
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Cash and cash equivalents
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$ | 362 | $ | 1,735 | ||||
Total Current Assets
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362 | 1,735 | ||||||
TOTAL ASSETS
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$ | 362 | $ | 1,735 | ||||
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current Liabilities
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Accounts payable
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$ | 1,177 | $ | 500 | ||||
Loans from Shareholders
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390 | 0 | ||||||
TOTAL LIABILITIES
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1,567 | 500 | ||||||
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Stockholders' Equity
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Preferred stock: 750,000,000 authorized; $0.001 par
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Value; 0 shares issued and outstanding
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- | - | ||||||
Common stock: 900,000,000 authorized; $0.001 par
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3,000 | 3,000 | ||||||
Value; 3,000,000 shares issued and outstanding
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- | - | ||||||
Additional paid in capital
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- | - | ||||||
Accumulated deficit during development stage
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(4,205 | ) | (1,765 | ) | ||||
Total Stockholders' Equity
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(1,205 | ) | 1,235 | |||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
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$ | 362 | $ | 1,735 |
See notes to unaudited condensed financial statements
3
CCJ Acquisition Corp.
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(A Development Stage Company)
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Condensed Statements of Operations
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(unaudited)
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For the Three Months Ended
(Unaudited)
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For the Nine Months Ended
(Unaudited)
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April 21, 2011
(inception date) |
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Feb. 28, 2013
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Feb. 29, 2012
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Feb. 28, 2013
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Feb. 29, 2012
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Feb. 28, 2013
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(Unaudited)
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Revenues
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$ | --- | $ | --- | $ | --- | $ | --- | $ | --- | ||||||||||
Operating Expenses: | ||||||||||||||||||||
Professional
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927 | 0 | 2,305 | 500 | 3,128 | |||||||||||||||
General and Administrative
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45 | --- | 135 | --- | 105 | |||||||||||||||
Total expenses | 972 | 0 | 2,440 | 500 | 3,233 | |||||||||||||||
Net Loss From Operations
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(972 | ) | (0 | ) | (2,440 | ) | (500 | ) | (3,233 | ) | ||||||||||
Other Income (expense)
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Interest Expense
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--- | --- | --- | --- | --- | |||||||||||||||
Income Tax Provision | --- | --- | --- | --- | --- | |||||||||||||||
Net Loss
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$ | (972 | ) | $ | (0 | ) | $ | (2,440 | ) | $ | (500 | ) | $ | (3,233 | ) | |||||
Basic and diluted loss per share | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | ||||||||
Weighted average number of shares outstanding | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
See notes to unaudited condensed financial statements
4
CCJ Acquisition Corp.
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(A Development Stage Company)
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Condensed Statement of Stockholders' Equity
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Additional
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Common Stock
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Paid in
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Accumulated
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Shares
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Amount
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Capital
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Deficit
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Total
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Balance as of April 21, 2011
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- | $ | - | $ | - | $ | - | $ | - | |||||||||||
Common shares issued:
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April 21, 2011, to founders for cash at $.001 per share
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3,000,000 | 3,000 | - | 3,000 | ||||||||||||||||
Net loss
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(500 | ) | (500 | ) | ||||||||||||||||
Balance as of May 31, 2011
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3,000,000 | 3,000 | - | (500 | ) | 2,500 | ||||||||||||||
Net loss (audited)
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(1,265 | ) | (1,265 | ) | ||||||||||||||||
Balance as of May 31, 2012
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3,000,000 | 3,000 | - | (1,765 | ) | 1,235 | ||||||||||||||
Net loss (unaudited)
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(2,440 | ) | (2,440 | ) | ||||||||||||||||
Balance, February 28, 2013
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3,000,000 | $ | 3,000 | $ | - | $ | (4,205 | ) | $ | (1,205 | ) |
See notes to unaudited condensed financial statements
5
CCJ Acquisition Corp.
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(A Development Stage Company)
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Condensed Statements of Cash Flows
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April 21, 2011
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(inception)
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For the 9 Months Ended
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through
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February 28,
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February 28,
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2013
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2012
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2013
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(unaudited)
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(unaudited)
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(unaudited)
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CASH FLOWS FROM OPERATING ACTIVITIES:
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Net income (loss)
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$ | (2,440 | ) | $ | (500 | ) | $ | (4,205 | ) | |||
Adjustment to reconcile Net Income to net cash provided by operations:
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Changes in assets and liabilities:
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Accounts payable
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677 | (500 | ) | 1,177 | ||||||||
Net Cash Used in Operating Activities
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(1,763 | ) | (750 | ) | (3,028 | ) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES:
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Advances from related parties
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390 | 390 | ||||||||||
Issuance of common stock
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- | - | 3,000 | |||||||||
Net Cash Provided by Financing Activates
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390 | - | 3,390 | |||||||||
Net increase (decrease) in cash and cash equivalents
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(1,373 | ) | (750 | ) | 362 | |||||||
Cash and cash equivalents, beginning of period
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1,735 | 3,000 | - | |||||||||
Cash and cash equivalents, end of period
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$ | 362 | $ | 2,250 | $ | 362 | ||||||
Supplemental cash flow information
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Cash paid for interest
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$ | - | $ | - | $ | - | ||||||
Cash paid for taxes
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$ | - | $ | - | $ | - |
See notes to unaudited condensed financial statements
6
CCJ ACQUISITION CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS
FEBRUARY 28, 2013
(unaudited)
Note 1 – Nature of Operations
CCJ Acquisition Corp. (a shell company company) (“CCJ” or the “Company”) was incorporated in Florida on April 21, 2011, with an objective to acquire, or merge with, an operating business. As of February 28 , 2013, the Company had not yet achieved our objective or entered into any agreements.
Fiscal year end
The Company elected May 31 as its fiscal year ending date.
Note 2 – Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period ended February 28, 2013, the Company has had no operations. As of February 28, 2013, the Company has not emerged from the development stage. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to acquire an operating company and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The Company may not be sucessful in acquiring an operating Company or raise sufficient capital or secure funds for its operating plan purposes. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.
Note 3 – Significant Accounting Policies
Development stage company
The Company is a development stage company as defined by section 810-10-20 of the FASB Accounting Standards Codification. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company’s exploration stage activities.
Use of estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates.
7
Interim Financial Statements
The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended February 29, 2012 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).
The results of operations for the nine month period ended February 28, 2013 are not necessarily indicative of the results for the full fiscal year ending May 31, 2013.
Cash equivalents
The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents totaled $362 and $1,735 at February 28, 2013 and May 31, 2012, respectively.
Basic and diluted net loss per share
Basic loss per share is computed using the weighted average number of shares of common stock outstanding during each period. Diluted loss per share includes the dilutive effects of common stock equivalents on an “as if converted” basis. Basic and diluted loss per share are the same due to the absence of common stock equivalents.
Income taxes
Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.
We have net operating loss carryforwards available to reduce future taxable income. Future tax benefits for these net operating loss carryforwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.
Net loss per common share
Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of February 28, 2013.
8
Recently issued accounting standards
Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.
Note 4 – Income Taxes
At February 28, 2013, the Company had a net operating loss carry–forward for Federal income tax purposes of $3,233 that may be offset against future taxable income that will start phasing out in 2031 No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets of $1,099, calculated at an effective tax rate of 34%, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by a valuation allowance of $1,099.
Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability.
Note 5 – Equity
Common Stock
The Company has been authorized to issue 900,000,000 shares of common stock, $.001 par value. Each share of issued and outstanding common stock shall entitle the holder thereof to fully participate in all shareholder meetings, to cast one vote on each matter with respect to which shareholders have the right to vote, and to share ratably in all dividends and other distributions declared and paid with respect to common stock, as well as in the net assets of the corporation upon liquidation or dissolution. On April 21, 2011, the Company issued 3,000,000 shares of common stock, at par of $.001, for $3,000.
Preferred Stock
The Company has been authorized to issue 750,000,000 shares of $.001 par value Preferred Stock. The Board of Directors is expressly vested with the authority to divide any or all of the Preferred Stock into series and to fix and determine the relative rights and preferences of the shares of each series so established, within certain guidelines established in the Articles of Incorporation. There have been no preferred shares issued.
9
Note 6 – Related Party Transactions
As described above, on April 21, 2011, the Company sold 1,000,000 shares of its $0.001 common stock to an officer and director of the Company for $1,000 in cash.
The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.
The Company has been provided office space by a member of the Board of Directors at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statements.
The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at no charge.
The above amounts are not necessarily indicative of the amount that would have been incurred had a comparable transaction been entered into with independent parties.
Note 7 – Subsequent Events
Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure.
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Note Regarding Forward Looking Statements.
This quarterly report on Form 10-Q of CCJ Acquisition Corp. for the period ended November 30, 2012 contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements which, by definition, involve risks and uncertainties. In particular, statements under the Sections; Description of Business, Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result or be achieved or accomplished.
The following are factors that could cause actual results or events to differ materially from those anticipated, and include but are not limited to: general economic, financial and business conditions; changes in and compliance with governmental regulations; changes in tax laws; and the costs and effects of legal proceedings.
You should not rely on forward-looking statements in this quarterly report. This quarterly report contains forward-looking statements that involve risks and uncertainties. We use words such as “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” and similar expressions to identify these forward-looking statements. Prospective investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by CCJ Acquisition Corp. Financial information provided in this Form 10-Q, for periods subsequent to May 31, 2012, is preliminary and remains subject to audit. As such, this information is not final or complete, and remains subject to change, possibly materially.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following management’s discussion, analysis of financial condition should be read in conjunction with our financial statements and notes thereto contained elsewhere in this report.
We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.
We do not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury or with additional amounts, as necessary, to be loaned to or invested in us by our stockholders, management or other investors.
During the next 12 months we anticipate incurring costs related to:
(i) filing of Exchange Act reports, and
(ii) consummating an acquisition
We anticipate that our cost for filing Exchange Act reports for the next 12 months will be approximately $2500. We anticipate that we also should be able to consummate a business combination for approximately $2500. We believe we will be able to meet these costs through use of funds in our treasury and additional amounts, as necessary to be loaned by our invested in us by our stockholders, management or other investors.
11
We are in the development stage and have negative working capital, negative stockholders’ equity and have not earned any revenues from operations to date. These conditions raise substantial doubt about our ability to continue as a going concern. We are currently devoting our efforts to locating merger candidates. Our ability to continue as a going concern is dependent upon our ability to develop additional sources of capital, locate and complete a merger with another company, ultimately, achieve profitable operations.
We may consider a business which has recently commenced operations, in a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.
Our sole officer and director has not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.
Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing and dilution of interest for present and prospective stockholders, which is like to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered to a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.
We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or perceived benefits of becoming a publicly traded corporation. We intend to contact various stock transfer agents, investment relation firms and business development entities to locate potential candidates for a business combination transaction. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.
Critical Accounting Policies
We prepare our condensed financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the condensed financial statements are prepared. Due to the need to make estimates about the effect of matters that are inherently uncertain, materially different amounts could be reported under different conditions or using different assumptions. On a regular basis, we review our critical accounting policies and how they are applied in the preparation of our condensed financial statements.
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While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.
For a full description of our critical accounting policies, please refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2012 Annual Report on Form 10-K
Our Plan of Operation for the next twelve months is to raise capital to implement our strategy. We do not have the necessary cash and revenue to satisfy our cash requirements for the next twelve months. We cannot guarantee that additional funding will be available on favorable terms, if at all. If adequate funds are not available, then we may not be able to expand our operations. If adequate funds are not available, we believe that our officers and directors will contribute funds to pay for some of our expenses. However, we have not made any arrangements or agreements with our officers and directors regarding such advancement of funds. We do not know whether we will issue stock for the loans or whether we will merely prepare and sign promissory notes. If we are forced to seek funds from our officers or directors, we will negotiate the specific terms and conditions of such loan when made, if ever.
Financial Condition
Results of Operations
For the three and nine months ended February 28, 2013 and 2012
The Company had no revenues for the three and nine month periods ended February 28, 2013 and February 29, 2012.
Operating expenses were $972 and $2,440 for the three and nine month periods ended February 28, 2013 and $0 and $500 for the three and nine month periods ended February 29, 2012. The expenses are for professional fees and general and administrative expenses.
The Company does not expect to generate any revenue to cover the operating expenses. The Company may incur significant other operating expenses in the fulfillment of the obligations of a reporting company under the Securities Exchange Act of 1934 unless and until such time that the Company begins meaningful operations.
Liquidity and Capital Resources
As of February 28, 2013 the Company had $362 in cash. Our cash decreased due to the payment of professional fees and administrative expenses.
We are not aware of any known trends, demands. Commitments, events or uncertainties that will result or are reasonably likely to materially affect our liquidity.
We do not have any material commitments for capital expenditures as of February 28, 2013.
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Off-Balance Sheet Arrangements
We have made no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
We are a Smaller Reporting Company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
Item 4. Controls and Procedures.
Evaluation of disclosure controls and procedures.
The Company’s Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Securities Exchange Act Rules 13a-15 (f) and 15d-15(f)) as of February 28, 2013, have concluded that as of such date the Company’s disclosure controls and procedures were ineffective. Material weaknesses noted are lack of an audit committee, lack of a majority of outside directors on the board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and management is dominated by a single individual, without adequate compensating controls.
Changes in internal control over financial reporting
There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the three months ended February 28, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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None.
Item 1A. Risk Factors
We are a Smaller Reporting Company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
None,
None.
Not applicable.
None.
15
Exhibit Number and Description | Location Reference | ||||
(a) |
Financial Statements
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Filed Herewith
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|||
(b) | Exhibits required by Item 601, Regulation SB; | ||||
(3)
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Articles of Incorporation
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(3.1) |
Initial Articles of Incorporation filed with Form 10 Registration Statement on July 21, 2011
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See Exhibit Key | |||
(3.2) |
Bylaws filed with Form 10 Registration Statement on July 21, 2011
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See Exhibit Key | |||
(11.0)
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Statement re: computation of per share Earnings
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Note 2 to Financial Stmts. | |||
(14.0)
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Code of Ethics
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See Exhibit Key
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(31.1)
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Certificate of Chief Executive Officer and Principal Financial and Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
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Filed herewith | |||
(32.1) |
Certification of Chief Executive Officer and Principal Financial and Accounting Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
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Filed herewith | |||
(101.INS) | XBRL Instance Document |
Filed herewith
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(101.SCH) | XBRL Taxonomy Ext. Schema Document |
Filed herewith
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(101.CAL) | XBRL Taxonomy Ext. Calculation Linkbase Document |
Filed herewith
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(101.DEF) | XBRL Taxonomy Ext. Definition Linkbase Document |
Filed herewith
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(101.LAB) | XBRL Taxonomy Ext. Label Linkbase Document |
Filed herewith
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(101.PRE) | XBRL Taxonomy Ext. Presentation Linkbase Document |
Filed herewith
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Exhibit Key
3.1
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Incorporated by reference herein to the Company’s Form 10Registration Statement filed with the Securities and Exchange Commission on July 21, 2011.
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3.2
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Incorporated by reference herein to the Company’s Form 10Registration Statement filed with the Securities and Exchange Commission on July 21, 2011.
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14.0
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Incorporated by reference herein to the Company’s Form 10-QQuarterly Report filed with the Securities and Exchange Commission on January 17, 2012.
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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.
CCJ ACQUISITION CORP. | |||
Date: June 4, 2013
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By:
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/s/ Jay D. Solomon | |
Jay D. Solomon, | |||
Chief Executive Officer
Principal Financial and Accounting Officer
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