Nevada
|
100
|
27-5159463
|
||
(State or other jurisdiction
of incorporation or organization)
|
(Primary Standard Industrial
Classification Code Number)
|
IRS I.D.
|
Oak Brook Pointe,
Suite 500,
700 Commerce Drive,
Oak Brook,
Illinois
|
60523
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Large accelerated filer | o | Accelerated Filer | o |
Non-accelerated filer | o | Smaller reporting company | x |
Title of each class of securities to be registered
|
Amount to be registered [1]
|
Proposed maximum offering price per unit
|
Proposed maximum aggregate offering price
|
Amount of registration fee [2]
|
||||||||||||
Common Stock offered by the Selling Stockholders [3]
|
4,305,000 | $ | 0.10 | $ | 430,500 | $ | 49.34 |
PAGE | ||||
SUMMARY INFORMATION | 5 | |||
RISK FACTORS | 7 | |||
USE OF PROCEEDS | 14 | |||
DETERMINATION OF OFFERING PRICE | 14 | |||
DILUTION | 14 | |||
SELLING SHAREHOLDERS | 15 | |||
PLAN OF DISTRIBUTION | 21 | |||
LEGAL PROCEEDINGS | 23 | |||
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS | 23 | |||
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 26 | |||
DESCRIPTION OF SECURITIES | 27 | |||
INTEREST OF NAMED EXPERTS | 27 | |||
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES LIABILITIES | 28 | |||
DESCRIPTION OF BUSINESS | 28 | |||
DESCRIPTION OF PROPERTY | 37 | |||
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS | 37 | |||
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS | 38 | |||
EXECUTIVE COMPENSATION | 40 | |||
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 41 | |||
FINANCIAL STATEMENTS | F-1 |
·
|
Company set up
|
a.
|
Incorporate company in state of Nevada
|
b.
|
Set up main executive office in Oak Brook, IL
|
c.
|
Open up bank account for the company
|
·
|
Secured initial capital by private placement to investors
|
·
|
Commenced significant other operational activities, such as:
|
a.
|
Have visited 3 existing seed suppliers in California, Illinois, Maine
|
b.
|
Have visited 2 existing farms in California
|
c.
|
Have visited 2 existing seed breeders in California and Wisconsin
|
·
|
Rispens Seeds. Inc, IL
|
·
|
Holaday Seed Company, CA
|
·
|
Johnny's Selected Seeds, ME
|
·
|
Integra Hybrids, LLC, CA
|
STATEMENT OF LOSS
|
||||||||
Year Ended
September 30,
|
Cumulative from
February 7, 2011 (Date
|
|||||||
Revenues:
|
- | - | ||||||
COGS:
|
- | - | ||||||
Gross Profit
|
- | - | ||||||
Operating expenses:
|
$ | 37,543 | $ | 37,543 | ||||
Net Loss
|
$ | (37,543 | ) | $ | (37,543 | ) |
BALANCE SHEETS
|
||||
September 30, 2011
|
||||
ASSETS
|
$ | 440,606 | ||
LIABILITIES
|
$ | 2,992 | ||
STOCKHOLDERS’ Equity
|
$ | 437,614 | ||
TOTAL LIABILITIES & EQUITY
|
$ | 440,606 |
•
|
Level of government involvement in the economy;
|
•
|
Control of foreign exchange;
|
•
|
Methods of allocating resources;
|
•
|
Balance of payments position;
|
•
|
International trade restrictions; and
|
•
|
International conflict.
|
·
|
our lack of significant revenues
|
·
|
our growth potential
|
·
|
the price we believe a purchaser is willing to pay for our stock
|
Name of Shareholders
|
Total Shares Owned
|
Shares Registered
|
Remaining Shares if All Registered Shares Sold
|
% Before Offering
|
% After Offering
|
Material Transactions with Selling Shareholder in past 3 years (incl. nature of services provided and dates provided)
|
Jun Huang
|
15,000,000
|
100,000
|
14,900,000
|
43.54%
|
43.26%
|
Officer/Director
|
Yidan Liu
|
15,000,000
|
100,000
|
14,900,000
|
43.54%
|
43.26%
|
Officer/Director
|
Jiwen Zhang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Pieter Droegkamp
|
5,000
|
5,000
|
0
|
*
|
0
|
|
Ross R. Rispens
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
Officer/Director
|
Howard K. Rispens
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Jincheng Wu & Bing Qian
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Xiaorong Han
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Xiaodong Han
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Han Wang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Jifen Xu
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Mike L Fang
|
30,000
|
30,000
|
0
|
*
|
0
|
|
Sean Zhang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Alan C. Fung & Jie Hu
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Hu Zhenxi & Cao Xueyan
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Dongqing Xue
|
20,000
|
20,000
|
0
|
*
|
0
|
Qiuju Xue
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Yujiu Zhang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Xiaoxuan Jiang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Sun Liang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Baohua Hang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Jingjie Ma
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Ke Li
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Kejing Xiao
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Zhanhong Liu
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Yangfei Huang
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Zhong Li
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Fei Lu
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Xinyu Wang
|
10,000
|
10,000
|
0
|
*
|
0
|
Officer/Director
|
Fangmin Ye
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Yuntao Shi
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Youqing Zhou
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Tao Jiang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Tao Fan
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Yang Li
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Shurong Wang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Xiujin Fu
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Bo Yang
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Jin Wang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Guoxin Qiu
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Yuyan Guo
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Xindong Lu
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Bingmei Ma
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
Wen Huang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Chuanwen Sun
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Baojian Qiao
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Guangfu Pan
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Yaolian Huang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Manying Chen
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
Officer/Director
|
Donggui Hong
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Yong Chen
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Shuxia Jiang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Xiaowen Han
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Weiyi Wu
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Yongwei Chen
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Ming Lu
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Hui Zhang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Jihong Zhang
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Jishuang Zhang
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Xianfeng Zhang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Junjie Dai
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Suhua Lu
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Ping Guan
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Yingchun Wang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Zhiqiang Liu
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Qunshan Yang
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Baocheng Li
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Hongchen Li
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Hongyan Liu
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Lizhong Jia
|
10,000
|
10,000
|
0
|
*
|
0
|
Hongjun Li
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Yuncheng Chen
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Guohua Zhang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Kai Hu
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Qiming Peng
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Jinwang Sun
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Jie Zhang
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Hongbo Yuan
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Xiumei Zhang
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Li Zhang
|
200,000
|
100,000
|
100,000
|
0.58%
|
0.29%
|
|
Minhang Wei
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
Officer/Director
|
Minyun Wei
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Guiwang Wei
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Na Yin
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Rongbo Li
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Furong Jiang
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Fuqiang Jiang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Yulong Yan
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Qin Fang
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Haiyun Qin
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Shuang Liang
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Weidong Cheng
|
20,000
|
20,000
|
0
|
*
|
0
|
|
Jun Li
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Suna Lu
|
10,000
|
10,000
|
0
|
*
|
0
|
|
Ming Zhang
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
|
Jun Zhan
|
50,000
|
50,000
|
0
|
0.15%
|
0
|
|
Huaijin Lin
|
100,000
|
100,000
|
0
|
0.29%
|
0
|
Name
|
Age
|
Position
|
||
Yidan (Andy) Liu
|
42
|
Founder, Director and Secretary/Treasurer
|
||
Jun (Charlie) Huang
|
44
|
Founder, President
|
||
Ross Rispens
|
53
|
Director
|
||
Manying Chen
|
47
|
Director
|
||
Minhang Wei
|
40
|
Director
|
||
Xinyu Wang
|
44
|
Director
|
· |
Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time,
|
· |
Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses),
|
· |
Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities,
|
· |
Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.
|
· |
Having any government agency, administrative agency, or administrative court impose an administrative finding, order, decree, or sanction against them as a result of their involvement in any type of business, securities, or banking activity.
|
· |
Being the subject of a pending administrative proceeding related to their involvement in any type of business, securities, or banking activity.
|
· |
Having any administrative proceeding been threatened against you related to their involvement in any type of business, securities, or banking activity.
|
Name
|
Number of Shares of Common stock
|
Percentage
|
||||||
Yidan (Andy) Liu
|
15,000,000 | 43.54 | % | |||||
Jun (Charlie) Huang
|
15,000,000 | 43.54 | % | |||||
Ross Rispens
|
50,000 | 0.15 | % | |||||
MinHang Wei
|
100,000 | 0.3 | % | |||||
ManYing Chen
|
50,000 | 0.15 | % | |||||
XinYu Wang
|
10,000 | 0.03 | % | |||||
All executive officers and directors as a group [6 persons]
|
30,210,000 | 87.69 | % |
·
|
Company set up
|
a.
|
Incorporate company in state of Nevada
|
b.
|
Set up main executive office in Oak Brook, IL
|
c.
|
Open up bank account for the company
|
·
|
Secured initial capital by private placement to investors
|
·
|
Commenced significant other operational activities, such as:
|
a.
|
Have visited 3 existing seed suppliers in California, Illinois, Maine
|
b.
|
Have visited 2 existing farms in California
|
c.
|
Have visited 2 existing seed breeders in California and Wisconsin
|
·
|
Rispens Seeds. Inc, IL
|
·
|
Holaday Seed Company, CA
|
·
|
Johnny's Selected Seeds, ME
|
·
|
Integra Hybrids, LLC, CA
|
·
|
succeed in developing products that are equal to or superior to our products or potential products or that achieve greater market acceptance than our products or potential products;
|
·
|
devote greater resources to developing, marketing or selling their products;
|
·
|
respond more quickly to new or emerging technologies or scientific advances and changes in customer requirements, which could render our products or potential products obsolete or less preferable;
|
·
|
obtain patents that block or otherwise inhibit our ability to develop and commercialize potential products we might otherwise develop;
|
·
|
withstand price competition more successfully than we can;
|
·
|
establish cooperative relationships among themselves or with third parties that enhance their ability to address the needs of our customers or prospective customers; and
|
·
|
take advantage of acquisition or other opportunities more readily than we can.
|
·
|
Company set up
|
a.
|
Incorporate company in state of Nevada
|
b.
|
Set up main executive office in Oak Brook, IL
|
c.
|
Open up bank account for the company
|
·
|
Secured initial capital by private placement to investors
|
·
|
Commenced significant other operational activities, such as:
|
a.
|
Have visited 3 existing seed suppliers in California, Illinois, Maine
|
b.
|
Have visited 2 existing farms in California
|
c.
|
Have visited 2 existing seed breeders in California and Wisconsin
|
·
|
Rispens Seeds. Inc, IL
|
·
|
Holaday Seed Company, CA
|
·
|
Johnny's Selected Seeds, ME
|
·
|
Integra Hybrids, LLC, CA
|
Event
|
Actions
|
Time
|
Total estimated cost
|
Set up Beijing, China branch office
|
Shop for office location,
Design organizational structure
Register with local government/departments
Recruit right resources to fill in org chart
|
By June 30
th
, 2012
|
$25,000
|
Broccoli Seed sale to reach 1000 units (100,000 seed count/unit)
|
Continue China marketing;
Continue trials at different locations in China;
|
By June 30
th
, 2012
|
$20,000
|
To attend ASTA's 129th Annual Convention
|
Collect grower/distributors requirements
Prepare flyers, promotion materials
|
By June 30
th
, 2012
|
$12,000
|
To attend another 2-3 nation-wide shows, including product demo in the fields, in U.S
|
Collect grower/distributors requirements
Prepare flyers, promotion materials
|
By Dec 31
st
, 2012
|
$25,000
|
Carrot Seed sale to reach 1,000kg
|
Continue to work with the breeder in U.S to agree on price;
Continue trials at different locations in China;
Marketing in China
|
By Dec 31
st
, 2012
|
$30,000
|
Broccoli Seed sale to reach 3000 units (100,000 seed count/unit)
|
Continue China marketing;
Continue trials at different locations in China;
|
By Dec 31
st
, 2012
|
$30,000
|
To attend 3-4 national seeds shows in China
|
Define marketing approach, design and implement company logo, web pages, posters
|
By Dec 31
st
, 2012
|
$12,000
|
Squash seed sale to reach 200KG
|
Continue China marketing;
Continue to trials at different locations in China
|
By Dec 31
st
, 2012
|
$10,000
|
To invite U.S carrot breeders from Integra Hybrids to visit Chinese growers mainly located in Fujian province, southern China
|
To work on schedule, agenda, logistic details
|
By April 30
th
, 2012
|
$10,000 (2 people from U.S)
|
To invite U.S sweet corn breeders from Abbott Cobb, to visit Chinese growers located in north-east of China
|
To work on schedule, agenda, logistic details
|
By Oct 31
st
, 2012
|
$10,000 (2 people from U.S)
|
Expense
|
||||
Bank Service Charges
|
$ | 270 | ||
License & Registration
|
1,275 | |||
Meals and Entertainment
|
67 | |||
Postage and Delivery
|
30 | |||
Printing and Reproduction
|
124 | |||
Auto and Truck Expenses
|
14 | |||
Professional Fees
|
34,450 | |||
Rent Expense
|
1,312 | |||
Total Expense
|
$ | 37,543 |
At September 30
|
||||
2011
|
||||
Current Ratio*
|
147.26 | |||
Cash
|
$ | 435,437 | ||
Working Capital***
|
$ | 437,614 | ||
Total Assets
|
$ | 440,606 | ||
Total Liabilities
|
$ | 2,992 | ||
Total Equity
|
$ | 437,614 | ||
Total Debt/Equity**
|
0.01 |
·
|
Name of Landlord: Regus
|
·
|
Term of Lease: 2/24/2011 to 2/29/2012
|
·
|
Monthly Rental: $169
|
Name
|
Title
|
Share QTY
|
Amount
|
Purchase Date
|
% of Common Share
|
Jun Huang
|
President
|
15,000,000
|
$ 15,000
|
2/7/2011
|
43.54%
|
Yidan Liu
|
Secretary, CFO
|
15,000,000
|
$ 15,000
|
2/7/2011
|
43.54%
|
Ross Rispens
|
Diretor
|
50,000
|
$ 5,000
|
5/31/2011
|
0.15%
|
Xinyu Wang
|
Diretor
|
10,000
|
$ 1,000
|
5/31/2011
|
0.03%
|
Manying Chen
|
Diretor
|
50,000
|
$ 5,000
|
5/31/2011
|
0.15%
|
Minhang Wei
|
Diretor
|
100,000
|
$ 10,000
|
5/31/2011
|
0.29%
|
Total
|
30,210,000
|
$ 51,000
|
87.69%
|
·
|
Deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared by the Securities and Exchange Commission relating to the penny stock market, unless the broker-dealer or the transaction is otherwise exempt;
|
·
|
Disclose commissions payable to the broker-dealer and our registered representatives and current bid and offer quotations for the securities;
|
·
|
Send monthly statements disclosing recent price information pertaining to the penny stock held in a customer's account, the account's value, and information regarding the limited market in penny stocks; and
|
·
|
Make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction, prior to conducting any penny stock transaction in the customer's account.
|
Name
|
Fees
earned
or paid
in cash
($)
|
Stock
awards
($)
|
Option
awards
($)
|
Non-equity
incentive plan
compensation
($)
|
Nonqualified
deferred
compensation
earnings
($)
|
All other
compensation
($)
|
Total
($)
|
|||||||||||||||||||||
Yidan (Andy) Liu
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
Jun (Charlie) Huang
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
Ross Rispens
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
MinHang Wei
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
ManYing Chen
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||||||||||||
XinYu Wang
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
PAGE | ||||
Independent Auditor’s Report on the Financial Statements
|
F-3 | |||
Balance Sheet
|
F-4 | |||
Statement of Loss
|
F-5 | |||
Statement of Stockholders Equity
|
F-6 | |||
Statement of Cash Flows
|
F-7 | |||
Notes to Financial Statements
|
F-8 |
Year Ended
September 30
|
Cumulative from
February 7, 2011 (Date
|
|||||||
(Audited)
|
(Audited)
|
|||||||
Revenues
|
$ | - | $ | - | ||||
Cost of Goods Sold
|
$ | - | $ | - | ||||
Gross Profit
|
$ | - | $ | - | ||||
Operating expenses:
|
||||||||
Research and development
|
$ | - | $ | - | ||||
Selling, general and administrative expenses
|
$ | 37,543 | $ | 37,543 | ||||
Depreciation and amortization expenses
|
$ | - | $ | - | ||||
Total Operating Expenses
|
$ | 37,543 | $ | 37,543 | ||||
Operating Loss
|
$ | (37,543 | ) | $ | (37,543 | ) | ||
Investment income, net
|
$ | - | $ | - | ||||
Interest Expense, net
|
$ | - | $ | - | ||||
Loss before income taxes
|
$ | (37,543 | ) | $ | (37,543 | ) | ||
Income (loss) tax expense
|
$ | - | $ | - | ||||
Net loss
|
$ | (37,543 | ) | $ | (37,543 | ) | ||
Net loss per common share- Basics
|
$ | (0.00 | ) | $ | (0.00 | ) | ||
Net loss per common share- Diluted
|
$ | (0.00 | ) | $ | (0.00 | ) | ||
Other comprehensive income (loss), net of tax:
|
||||||||
Foreign currency translation adjustments
|
$ | 207 | $ | 207 | ||||
Other comprehensive income (loss)
|
$ | 207 | $ | 207 | ||||
Comprehensive Income (Loss)
|
$ | (37,336 | ) | $ | (37,336 | ) |
Deficit
|
|||||||||||||||||||||
Accumulated
|
Accumulated
|
||||||||||||||||||||
Additional
|
During the
|
Other
|
Total
|
||||||||||||||||||
Common Stock
|
Paid-in
|
Development
|
Comprehensive
|
Stockholders'
|
|||||||||||||||||
Shares
|
Amount
|
Capital
|
Stage
|
Income (Loss)
|
Equity
|
||||||||||||||||
Issuance of common stocks
|
|||||||||||||||||||||
to shareholders @0.001 per
|
|||||||||||||||||||||
share on February 7, 2011
|
30,000,000 | $ | 30,000 | $ | - | $ | 30,000 | ||||||||||||||
Issuance of common stocks
|
|||||||||||||||||||||
to shareholders @0.1 per
|
|||||||||||||||||||||
share on May 31, 2011
|
4,105,000 | $ | 4,105 | $ | 406,395 | $ | 410,500 | ||||||||||||||
Issuance of common stocks
|
|||||||||||||||||||||
to Michael Williams @0.1 per
|
|||||||||||||||||||||
share on June 30, 2011
|
344,495 | $ | 345 | $ | 34,105 | $ | 34,450 | ||||||||||||||
Adjustment for Exchange
|
|||||||||||||||||||||
rate changes
|
$ | 207 | $ | 207 | |||||||||||||||||
Net loss for the period
|
|||||||||||||||||||||
ended September 30, 2011
|
$ (37,543)
|
$ | (37,543 | ) | |||||||||||||||||
Balance, September 30, 2011
|
34,449,495 | $ | 34,450 | $ | 440,500 |
$ (37,543)
|
$ | 207 | $ | 437,614 |
Year Ended
September 30
|
Cumulative from
February 7, 2011 (Date
|
|||||||
(Audited)
|
(Audited)
|
|||||||
Operating Activities:
|
||||||||
Net loss
|
$ | (37,543 | ) | $ | (37,543 | ) | ||
Adjustments to reconcile net income to net cash provided
|
||||||||
by operating activities:
|
||||||||
Non-cash portion of share based legal fee expense
|
34,450 | 34,450 | ||||||
Prepaid expense
|
(169 | ) | (169 | ) | ||||
Account payable
|
- | - | ||||||
Loan from shareholders
|
2,992 | 2,992 | ||||||
Net cash provided by operating activities
|
$ | (270 | ) | $ | (270 | ) | ||
Investing Activities:
|
||||||||
Net cash provided by investing activities
|
$ | - | $ | - | ||||
Financing Activities:
|
||||||||
Proceeds from issuance of common stock
|
435,500 | 435,500 | ||||||
Net cash provided by financing activities
|
$ | 435,500 | $ | 435,500 | ||||
Effect of Exchange Rate on Cash
|
$ | 207 | $ | 207 | ||||
Net increase (decrease) in cash and cash equivalents
|
$ | 435,437 | $ | 435,437 | ||||
Cash and cash equivalents at beginning of the year
|
$ | - | $ | - | ||||
Cash and cash equivalents at end of year
|
$ | 435,437 | $ | 435,437 | ||||
Supplemental schedule of non-cash investing and financing activities:
|
||||||||
Common stock issued pursuant to stock
subscription receivable - shareholder
(Note D)
|
$ | 5,000 | $ | 5,000 |
Expense
|
||||
Bank Service Charges
|
270.00 | |||
License & Registration
|
1,275.00 | |||
Meals and Entertainment
|
67.40 | |||
Postage and Delivery
|
29.95 | |||
Printing and Reproduction
|
124.34 | |||
Auto and Truck Expenses
|
14.25 | |||
Professional Fees
|
34,449.50 | |||
Rent Expense
|
1,312.18 | |||
Total Expense
|
37,542.62 |
Cumulative Period From February 7 2011 to September 30, 2011
|
||||
Basic & Diluted EPS Computation
|
||||
Net Loss September 30, 2011
|
$ | (37,543 | ) | |
Loss available to common stockholders
|
$ | (37,543 | ) |
Dates
|
Shares
|
Fraction of Period
|
Weighted -
|
|||||||||
Outstanding
|
Outstanding
|
On Daily Basis
|
Average Shares
|
|||||||||
February 7, 2011
|
30,000,000 | 245/245 | 30,000,000 | |||||||||
May 31, 2011
|
4,105,000 | 122/245 | 2044122 | |||||||||
June 30, 2011
|
344,495 | 92/245 | 129,361 | |||||||||
September 30, 2011
|
0 | 0 | 0 | |||||||||
Weighted-average shares
|
32,173,484 | |||||||||||
Basic & Diluted Net Loss Per Common Share
|
$ | (0.00 | ) |
Pronouncement
|
Issued
|
Title
|
||
ASC 605
|
October 2009
|
Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements – a consensus of the FASB Emerging Issues Task Force
|
||
ASC 860
|
December 2009
|
Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets
|
||
ASC 505
|
January 2010
|
Accounting for Distributions to Shareholders with Components of Stock and Cash – a consensus of the FASB Emerging Issues Task Force
|
||
ASC 810
|
January 2010
|
Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification
|
||
ASC 718
|
January 2010
|
Compensation – Stock Compensation (Topic 718): Escrowed Share Arrangements and the Presumption of Compensation
|
||
ASC 820
|
January 2010
|
Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements
|
||
ASC 810
|
February 2010
|
Consolidation (Topic 810): Amendments for Certain Investment Funds
|
||
ASC 815
|
March 2010
|
Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives
|
||
ASC-310 Receivables
|
July 2010
|
For public entities, the disclosure as of the end of a reporting period are effective for interim and annual reporting periods ending on or after December 15, 2010. The disclosures about activity that occurs during a reporting period are effective for interim and annual reporting periods beginning on or after December 15, 2010. For nonpublic entities, the disclosures are effective for annual reporting period ending on or after December 15, 2011.
|
Name
|
Title
|
Share QTY
|
Amount
|
Purchase Date
|
% of Common Share
|
||||||||||
Jun Huang
|
President
|
15,000,000 | $ | 15,000 |
2/7/2011
|
43.54 | % | ||||||||
Yidan Liu
|
Secretary, CFO
|
15,000,000 | $ | 15,000 |
2/7/2011
|
43.54 | % | ||||||||
Ross Rispens
|
Diretor
|
50,000 | $ | 5,000 |
5/31/2011
|
0.15 | % | ||||||||
Xinyu Wang
|
Diretor
|
10,000 | $ | 1,000 |
5/31/2011
|
0.03 | % | ||||||||
Manying Chen
|
Diretor
|
50,000 | $ | 5,000 |
5/31/2011
|
0.15 | % | ||||||||
Minhang Wei
|
Diretor
|
100,000 | $ | 10,000 |
5/31/2011
|
0.29 | % | ||||||||
Total
|
30,210,000 | $ | 51,000 | 87.69 | % |
AMOUNT
|
||||
SEC Registration Fee*
|
$
|
4
|
||
Legal Fees and Expenses
|
30,000
|
|||
Accounting Fees and Expenses*
|
20,000
|
|||
Miscellaneous
|
10,000
|
|||
Total*
|
$
|
60,004
|
·
|
None of these issuances involved underwriters, underwriting discounts or commissions.
|
·
|
Restrictive legends were and will be placed on all certificates issued as described above.
|
·
|
The distribution did not involve general solicitation or advertising.
|
·
|
The distributions were made only to investors who were sophisticated enough to evaluate the risks of the investment.
|
·
|
None of these issuances involved underwriters, underwriting discounts or commissions;
|
·
|
We placed Regulation S required restrictive legends on all certificates issued;
|
·
|
No offers or sales of stock under the Regulation S offering were made to persons in the United States;
|
·
|
No direct selling efforts of the Regulation S offering were made in the United States.
|
·
|
Access to all our books and records.
|
·
|
Access to all material contracts and documents relating to our operations.
|
·
|
The opportunity to obtain any additional information, to the extent we possessed such information, necessary to verify the accuracy of the information to which the investors were given access.
|
1 | Articles of Incorporation – A & C United Agriculture Developing Inc. |
2 | Bylaws - A & C United Agriculture Developing Inc. |
1
|
Form of common stock Certificate of the A & C United Agriculture Developing Inc.
(1)
|
1
|
Legal Opinion of Williams Law Group, P.A.
|
1 | Consent of Enterprise CPAs, Ltd, CPA. |
2 | Consent of Williams Law Group, P.A. (included in Exhibit 5.1) |
1.
|
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
|
i.
|
To include any prospectus required by
section 10(a)(3)
of the Securities Act of 1933;
|
ii.
|
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to
Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
|
iii.
|
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
|
2.
|
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
|
3.
|
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
|
4.
|
That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser: Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person of the corporation in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by a controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by us is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such case.
|
A & C United Agriculture Developing Inc. | |||
January 19, 2012
|
By:
|
/s/ Jun (Charlie) Huang | |
Jun (Charlie) Huang | |||
Principal Executive Officer | |||
Signature
|
Title
|
Date
|
||
/s/ Yidan (Andy) Liu
|
Principal Accounting Officer and Principal Financial Officer and Director
|
January 19, 2012
|
||
Yidan (Andy) Liu
|
||||
/s/ Jun (Charlie) Huang
|
Principal Executive Officer and Director
|
January 19, 2012
|
||
Jun (Charlie) Huang
|
||||
/s/ Ross Rispens
|
Director
|
January 19, 2012
|
||
Ross Rispens
|
||||
/s/ Manying Chen | Director | January 19, 2012 | ||
Manying Chen | ||||
/s/ Minhang Wei
|
Director | January 19, 2012 | ||
Minhang Wei | ||||
/s/ Xinyu Wang
|
Director | January 19, 2012 | ||
Xinyu Wang |