Note 1: Basis of Presentation
The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-K.
The Company incurred net operating losses during the periods shown on the condensed financial statements resulting in a deferred tax asset, which was reserved; therefore the net benefit and expense resulted in $-0- income taxes.
The completion of the acquisition is contingent upon the receipt of audited financial statements of Hunt. Such audited financial statements have not been completed at the time of this filing.
During the three months ended June 30, 2010 and June 30, 2009, the Company did not recognize any revenues from its operational activities.
During the three months ended June 30, 2010, we incurred $26,554 in selling and general administrative expenses compared to $100,030 during the three months ended June 30, 2009. The decrease of $73,476 was a result of the decrease in our activities in operations.
During the three months ended June 30, 2010, we recognized a net loss of $26,587 compared to $120,519 for the three months ended June 30, 2009.
No Revenue... Under $2000 in cash in bank... HOW EXACTLY DOES SOMEONE WITH NO MONEY BUY ANOTHER COMPANY?
D-I-L-U-T-I-O-N.
Then what comes next?
R-E-V-E-R-S-E S-P-L-I-T
Whenever possible, flank your enemies. History will
not remember how dramatic your failed frontal assault
looked.
