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Pursuant to a Debt Purchase Agreement, dated October 18, 2016, among the Company, Selling Stockholder and Linux Labs, Linux Labs purchased indebtedness owed the Selling Stockholder by the Company.
Upon the consummation of the Purchase Agreement and the transactions contemplated thereby, there was a change in control of the Company.
As of October 14, 2016 a change of control of the Company occurred, new management was appointed and on October 18, 2016, the Company established a new wholly owned subsidiary, Sirrus Security Inc., a Georgia corporation. With the change of control and the formation of a wholly-owned subsidiary, the Company will now focus on cyber security.
We have not declared bankruptcy, been involved in receivership or any similar proceeding.
Our office is located at 11340 Lakefield Drive, Suite 200, Johns Creek GA 30097 and our telephone number is (888) 263-7622. Our registered statutory office is located at 711 S. Carson Street, Suite 6, Carson City, Nevada 89701, (775) 882-4641. We do not own any property.
Results of Operations
We have not generated any revenues since inception through November 30, 2016.
For the Three Months Ended November 30, 2016 Compared to the Three Months Ended November 30, 2015
3 Months Ended 2015 Revenue $
11/30, 2016 Operating Exps
General and
admin exps 10,052 2,265
Professional
fees 11,398 4,289
Net Loss $ (21,450 ) $ (6,554 )
Our operating expenses, for the three months ended November 30, 2016 were $21,450 compared to $6,554 for the same period in 2015.
General and administrative expenses increased due to additional consulting fees incurred.
Professional fees increased due to additional accounting and legal fees incurred.
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