Nevada
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26-1973257
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(State or other jurisdiction of
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(I.R.S. Employer
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incorporation or organization)
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Identification No.)
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Large accelerated filer
¨
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Accelerated filer
¨
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Non-accelerated filer
¨
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Smaller reporting company
x
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(Do not check if a smaller
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reporting company)
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Page No.
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PART I | |||||
Item 1.
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Business
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4 | |||
Item 1A.
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Risk Factors
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10 | |||
Item 1B.
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Unresolved Staff Comments
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10 | |||
Item 2.
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Properties
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10 | |||
Item 3.
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Legal Proceedings
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10 | |||
Item 4.
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Mine Safety Disclosures
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10 | |||
PART II | |||||
Item 5.
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Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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11 | |||
Item 6.
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Selected Financial Data
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12 | |||
Item 7.
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Management’s Discussion and Analysis of Financial Condition and Results of Operations
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12 | |||
Item 7A.
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Quantitative and Qualitative Disclosures About Market Risk
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15 | |||
Item 8.
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Financial Statements and Supplementary Data
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16 | |||
Item 9.
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Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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24 | |||
Item 9A.
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Controls and Procedures
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24 | |||
Item 9B.
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Other Information
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26 | |||
Part III | |||||
Item 10.
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Directors, Executive Officers and Corporate Governance
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28 | |||
Item 11.
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Executive Compensation
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30 | |||
Item 12.
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Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
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31 | |||
Item 13.
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Certain Relationships and Related Transactions, and Director Independence
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32 | |||
Item 14.
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Principal Accounting Fees and Services
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32 | |||
Part IV | |||||
Item 15.
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Exhibits and Financial Statement Schedules
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33 | |||
Signatures
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34 |
ITEM 1.
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BUSINESS
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ITEM 1A.
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RISK FACTORS
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ITEM 1B.
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UNRESOLVED STAFF COMMENTS
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ITEM 2.
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PROPERTIES
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ITEM 3.
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LEGAL PROCEEDINGS
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ITEM 4.
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MINE SAFETY DISCLOSURES.
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ITEM 5.
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MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS MARKET INFORMATION
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BID PRICE PER SHARE
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||||||||
HIGH
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LOW
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|||||||
Three Months Ended September 30, 2012
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$ | 0.00 | $ | 0.00 | ||||
Three Months Ended June 30, 2012
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$ | 0.00 | $ | 0.00 | ||||
Three Months Ended March 31, 2012
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$ | 0.44 | $ | 0.36 | ||||
Three Months Ended December 31, 2011
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$ | 0.21 | $ | 0.15 | ||||
Three Months Ended September 30, 2011
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$ | 0.00 | $ | 0.00 | ||||
Three Months Ended June 30, 2012
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$ | 0.00 | $ | 0.00 | ||||
Three Months Ended March 31, 2011
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$ | 0.00 | $ | 0.00 | ||||
Three Months Ended December 31, 2010
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$ | 0.00 | $ | 0.00 |
ITEM 6.
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SELECTED FINANCIAL DATA
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ITEM 7.
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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
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Balance Sheet Data
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September 30,
2012
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June 30,
2012
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||||||
Cash and Cash Equivalents
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$ | 4,963 | $ | 4,840 | ||||
Total Assets
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$ | 8,231 | $ | 7,608 | ||||
Total Liabilities
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$ | 35,130 | $ | 14,284 | ||||
Shareholders’ Equity (Deficit)
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$ | (26,899 | ) | $ | (6,676 | ) |
Accounting & Legal
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$ | 8,000.00 | ||
Transfer Agent
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$ | 2,500.00 | ||
Server Leasing & hosting
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$ | 3,100.00 | ||
Additional Data Traffic
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$ | 400.00 | ||
Product Development
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$ | 14,900.00 | ||
Telephone
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$ | 200.00 | ||
Web hosting
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$ | 60.00 | ||
Corporate and marketing collateral
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$ | 2,450.00 | ||
Marketing
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$ | 3,000.00 | ||
Sales Support Staff
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$ | 0.00 | ||
Office Equipment
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$ | 1,200.00 | ||
Office Rental
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$ | 2,280.00 | ||
Office Supplies
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$ | 1,200.00 | ||
Misc. Expenditure
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$ | 7,100.00 | ||
TOTAL
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$ | 46,390.00 |
ITEM 7A.
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QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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September 30,
2012
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September 30,
2011
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Assets
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Cash
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$ | 4,963 | $ | 4,840 | ||||
Prepaid expenses
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3,268 | 2,768 | ||||||
Total Assets
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$ | 8,231 | $ | 7,608 | ||||
Liabilities
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Accounts payable and accrued liabilities
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$ | 16,130 | $ | 14,284 | ||||
Due to related party
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19,000 | - | ||||||
Total Liabilities
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35,130 | 14,284 | ||||||
Stockholders’ Deficit
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||||||||
Preferred stock authorized –
25,000,000 preferred shares with a par value of $0.0001
Preferred stock issued and outstanding- none, respectively
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- | - | ||||||
Common stock authorized –
325,000,000 common shares with a par value of $0.0001
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||||||||
Common stock issued and outstanding –
220,500,000 common shares, respectively
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22,050 | 22,050 | ||||||
Additional paid in capital
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38,950 | 38,950 | ||||||
Deficit accumulated in the development stage
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(87,899 | ) | (67,676 | ) | ||||
Total Stockholders’ Deficit
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(26,899 | ) | (6,676 | ) | ||||
Total Liabilities and Stockholders’ Deficit
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$ | 8,231 | $ | 7,608 |
Year ended September 30,
2012
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Year ended September 30,
2011
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Period
from Inception (
Dec. 18, 2007
) to
September 30,
2012
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Expenses:
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General and administrative
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$ | 20,223 | $ | 15,592 | $ | 87,899 | ||||||
Net loss before income taxes
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(20,223 | ) | (15,592 | ) | (87,899 | ) | ||||||
Provision for income taxes
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- | - | - | |||||||||
Net loss
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$ | (20,223 | ) | $ | (15,592 | ) | $ | (87,899 | ) | |||
Basic and diluted loss per common share
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(0.00 | ) | (0.00 | ) | ||||||||
Weighted average number of common shares outstanding
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220,500,000 | 220,500,000 |
Common Shares
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Additional Paid In
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Deficit Accumulated During Development
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Issued Shares
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Amount
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Capital
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Stage
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Equity
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Balance, December 18, 2007 (inception)
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- | $ | - | $ | - | $ | - | $ | - | |||||||||||
Shares issued to founder on Dec 18, 2008 @ $0.005 per share
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200,000,000 | 20,000 | - | - | 20,000 | |||||||||||||||
Net Loss
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- | - | - | (5,874 | ) | (5,874 | ) | |||||||||||||
Balance, September 30, 2008
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200,000,000 | 20,000 | - | (5,874 | ) | 14,126 | ||||||||||||||
Net Loss
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- | - | - | (22,616 | ) | (22,616 | ) | |||||||||||||
Balance, September 30, 2009
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200,000,000 | 20,000 | - | (28,490 | ) | 8,490 | ||||||||||||||
Private placement closed on
October 31, 2009 @ $0.10 per share
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20,500,000 | 2,050 | 38,950 | - | 41,000 | |||||||||||||||
Net loss
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- | - | - | (23,594 | ) | (23,594 | ) | |||||||||||||
Balance, September 30, 2010
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220,500,000 | 22,050 | 38,950 | (52,084 | ) | 8,916 | ||||||||||||||
Net loss
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- | - | - | (15,592 | ) | (15,592 | ) | |||||||||||||
Balance, September 30, 2011
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220,500,000 | 22,050 | 38,950 | (67,676 | ) | (6,676 | ) | |||||||||||||
Net loss
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- | - | - | (20,223 | ) | (20,223 | ) | |||||||||||||
Balance, September 30, 2012
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220,500,000 | $ | 22,050 | $ | 38,950 | $ | (87,899 | ) | $ | (26,899 | ) |
Year ended September 30,
2012
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Year ended September 30,
2011
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Period
from Inception (
Dec. 18, 2007
) to
September 30,
2012
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Cash flows used in operating activities
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Net loss
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$ | (20,223 | ) | $ | (15,592 | ) | $ | (87,899 | ) | |||
Adjustment to reconcile net loss to net cash used in operating activities:
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Change in operating assets and liabilities
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||||||||||||
Prepaid expenses
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(500 | ) | (768 | ) | (3,268 | ) | ||||||
Accounts payable and accrued liabilities
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1,846 | 3,730 | 16,130 | |||||||||
Net cash used in operating activities
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(18,877 | ) | (12,630 | ) | (75,037 | ) | ||||||
Cash flows from financing activities
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Due to related party
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19,000 | - | 19,000 | |||||||||
Sale of stock
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- | - | 61,000 | |||||||||
Net cash provided by financing activities
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19,000 | - | 80,000 | |||||||||
Net change in cash
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123 | (12,630 | ) | 4,963 | ||||||||
Cash, beginning of period
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4,840 | 17,470 | - | |||||||||
Cash, end of period
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$ | 4,963 | $ | 4,840 | $ | 4,963 |
Deferred tax asset
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$ | 29,886 | ||
Less: Valuation allowance
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(29,886 | ) | ||
Net deferred tax asset
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$ | - |
ITEM 9.
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CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE
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ITEM 9A.
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CONTROLS AND PROCEDURES
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ITEM 9B.
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OTHER INFORMATION.
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ITEM 10.
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DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
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Name
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Age
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Positions and Offices
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Fadi Zeidan
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42
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President, Secretary, Treasurer and Director
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Ufuk Turk
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34
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Director
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ITEM 11.
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EXECUTIVE COMPENSATION
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Name and
Principal
Position
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Year
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Salary($)
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Bonus($)
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Stock
Awards($)
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Option
Awards($)
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Non-Equity
Incentive
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Nonqualified
Deferred
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All Other
Compensation($)
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Total($)
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Fadi Zeidan (1)
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2012
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0
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0
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0
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0
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0
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0
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0
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0
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|||||||||||||||||||||||||
2011
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0
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0
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0
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0
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0
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0
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0
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0
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(3)
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Appointed President, Treasurer and Director on February 15, 2008, and appointed Secretary on August 18, 2008.
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Fees
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Non-Equity
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Nonqualified
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||||||||||||||||||||||||||
Earned
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Incentive
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Deferred
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Paid in
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Stock
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Option
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Plan
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Compensation
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All Other
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Name
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Cash($)
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Awards($)
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Awards($)
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Compensation($)
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Earnings($)
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Compensation($)
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Total($)
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|||||||||||||||||||||
Fadi Zeidan (1)
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0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Ufuk Turk (2)
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0 | 0 | 0 | 0 | 0 | 0 | 0 |
ITEM 12.
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
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(3)
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Unless otherwise noted, the address of each person or entity listed is, c/o Surf a Movie Solutions Inc., #204 – 1110 Finch Ave. West, Huntington Beach, California 92648.
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ITEM 13.
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
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ITEM 14.
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PRINCIPAL ACCOUNTING FEES AND SERVICES
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ITEM 15.
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EXHIBITS AND FINANCIAL STATEMENT SCHEDULE
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(3)
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The following Exhibits, as required by Item 601 of Regulation SK, are attached or incorporated by reference, as stated below.
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Number
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Description
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3.1.1
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Articles of Incorporation (1)
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3.1.2
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Certificate of Amendment
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3.1.3
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Certificate of Change
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3.2
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Bylaws (1)
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31.1
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Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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31.2
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Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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32.1
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Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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101.INS **
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XBRL Instance Document
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101.SCH **
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XBRL Taxonomy Extension Schema Document
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101.CAL **
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XBRL Taxonomy Extension Calculation Linkbase Document
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101.DEF **
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XBRL Taxonomy Extension Definition Linkbase Document
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101.LAB **
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XBRL Taxonomy Extension Label Linkbase Document
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101.PRE **
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XBRL Taxonomy Extension Presentation Linkbase Document
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SURF A MOVIE SOLUTIONS INC.
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(Name of Registrant)
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Date: December 21, 2012
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By:
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/s/ Fadi Zeidan
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Name:
Fadi Zeidan
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Title:
President, Secretary, Treasurer and Director (and principal financial officer and principal accounting officer)
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Date: December 21, 2012
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By:
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/s/ Ufuk Turk
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Name:
Ufuk Turk
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Title:
Director
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Description
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3.1.1
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Articles of Incorporation (1)
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3.1.2
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Certificate of Amendment
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3.1.3
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Certificate of Change
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3.2
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Bylaws (1)
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31.1
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Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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31.2
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Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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32.1
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Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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101.INS **
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XBRL Instance Document
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101.SCH **
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XBRL Taxonomy Extension Schema Document
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101.CAL **
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XBRL Taxonomy Extension Calculation Linkbase Document
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101.DEF **
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XBRL Taxonomy Extension Definition Linkbase Document
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101.LAB **
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XBRL Taxonomy Extension Label Linkbase Document
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101.PRE **
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XBRL Taxonomy Extension Presentation Linkbase Document
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Date: December 21, 2012
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By: |
/s/ Fadi Zeidan
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Fadi Zeidan
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President, Secretary, Treasurer and Director (and principal financial officer and principal accounting officer)
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Date: December 21, 2012
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By: |
/s/ Fadi Zeidan
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Fadi Zeidan
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President, Secretary, Treasurer and Director (and principal financial officer and principal accounting officer)
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Date: December 21, 2012 |
/s/ Fadi Zeidan
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Fadi Zeidan
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President, Secretary, Treasurer and Director (and principal financial officer and principal accounting officer)
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