10-K/A

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
================================================================================


                                   FORM 10-K/A
                                (Amendment No. 1)
(Mark one)
[X]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934


                 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010 OR

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

                          COMMISSION FILE NO. 000-27055

                            GOLDEN DRAGON HOLDING CO.
                            -------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                 DELAWARE                                 27-4635140
                ----------                               ------------
       (STATE OR OTHER JURISDICTION                    (I.R.S. EMPLOYER
     OF INCORPORATION OR ORGANIZATION)              IDENTIFICATION NUMBER)

           2460 WEST 26th AVENUE, SUITE 380-C, DENVER, COLORADO 80211
           ----------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (303) 704 4623
                                ----------------
                     (TELEPHONE NUMBER, INCLUDING AREA CODE)

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities to be registered  pursuant to Section 12(g) of the Act: COMMON STOCK,
$0.0001 PAR VALUE

Indicate by check mark if the  registrant is a well-known  seasoned  issuer,  as
defined in Rule 405 of the Securities Act. Yes |_| No |X|

Indicate  by  check  mark if the  registrant  is not  required  to file  reports
pursuant to Section 13 or Section 15(d) of the Act. Yes |_| No |X|

Indicate by check mark whether the registrant (1) has 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. Yes |X| No |_|

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. |_|

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
definition of "accelerated  filer and large accelerated  filer" in Rule 12b-2 of
the Exchange Act. (check one):

Large accelerated filer  |_|    Accelerated filer  |_|
Non-accelerated filer  |_|    Smaller reporting company  |X|

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |X| No |_|

As of June  20,  2011  there  were  2,384,407  shares  of  Common  Stock  of the
registrant  issued and outstanding of which 838,287 were held by  non-affiliates
of the registrant

The  aggregate  market  value of  common  stock  held by  non-affiliates  of the
registrant as of June 20, 2011 was approximately $259,869.




                                Explanatory Note


Golden Dragon  Holding Co. is filing this Amendment No. 1 (the "Form 10-K/A") to
our Annual  Report on Form 10-K for the year ended  December 31, 2010 (the "Form
10-K"),  filed with the Securities and Exchange  Commission  ("SEC") on June 28,
2011,  for the sole purpose of filing the  Interactive  Data Files  furnished as
Exhibit 101, which were omitted from the previous filing.  No other changes have
been  made to the Form  10-K.  This  Form  10-K/A  continues  to speak as of the
original  filing date of the Form 10-K,  does not  reflect  events that may have
occurred  subsequent to the original  filing date, and does not modify or update
any related disclosures made in the Form 10-K.


                                     PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

The  following  exhibits are filed as part of this Annual Report on Form 10-K in
accordance with Item 601 of Regulation S-K:


EXHIBIT
NUMBER                    DESCRIPTION AND METHOD OF FILING

2.1    Agreement and Plan of Merger (1)

2.2    Agreement and Plan of Merger and Reorganization Into Holding Company (1)

3(i).1    Articles of Incorporation of Golden Dragon Holding Co.(1)

3(ii).1    Bylaws of Golden Dragon Holding Co.(1)

31.1  Certification of Chief Executive Officer pursuant to Section 302 of  the
      Sarbanes-Oxley Act(1)

32.1  Certification of Principal Executive Officer pursuant to Section 906 of
      the Sarbanes-Oxley Act (1)

101.INS  XBRL Instance Document (2)

101.SCH  XBRL Taxonomy Extension Schema Document (2)

101.CAL  XBRL Taxonomy Extension Calculation Linkbase Document (2)

101.DEF  XBRL Taxonomy Extension Definition Linkbase Document (2)

101.LAB  XBRL Taxonomy Extension Label Linkbase Document (2)

101.PRE  XBRL Taxonomy Extension Presentation Linkbase Document (2)

(1) Filed with,  or  incorporated  by reference in, our Form 10-K filed June 28,
20101 (File No. 000-27055).

(2)  Pursuant to Rule 406T of  Regulation  S-T,  this  interactive  data file is
deemed not filed or part of a registration  statement or prospectus for purposes
of  sections  11 or 12 of the  Securities  Act of 1933,  is deemed not filed for
purposes of section 18 of the Securities  Exchange Act of 1934, and otherwise is
not subject to liability under these sections.







                                   SIGNATURES

In accordance with the requirements of Section 12 of the Securities Exchange Act
of 1934, the Registrant has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized.

                                              GOLDEN DRAGON HOLDING CO.



Date: June 29, 2011                        By: /s/ DAVID J. CUTLER
                                               --------------------------
                                               David J Cutler
                                               Chief Executive Officer, &
                                               Chief Financial Officer


In accordance  with the  Securities  Exchange Act of 1924,  this report has been
signed  by  the  following  persons  on  behalf  of  the  Registrant  and in the
capacities and on the dates indicated.

                SIGNATURE                     TITLE              DATE



     /s/ David J. Cutler           Chief Executive Officer        June 29, 2011
           David  J. Cutler        &
                                   Chief Financial Officer
                                   (Principal Financial and
                                   Accounting Officer)

     /s/ Redgie Green              Director                       June 29, 2011

EX-31

                                  Exhibit 31.1

                        CERTIFICATION OF PERIODIC REPORT

I, David J. Cutler, certify that:


1.   I have reviewed this annual report on  Form 10-K/A of Golden Dragon Holding
     Co.;


2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the Company as of, and for, the periods presented in this report;

4.   I am responsible for establishing and maintaining  disclosure  controls and
     procedures  (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) and
     internal control over financial reporting (as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f) for the Company and have:

     a.   Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision  to  ensure  that  material  information  relating  to the
          Company, including its consolidated subsidiaries,  is made known to us
          by others  within those  entities,  particularly  during the period in
          which this report is being prepared;

     b.   Designed such internal  control over  financial  reporting,  or caused
          such internal  control over  financial  reporting to be designed under
          our  supervision,   to  provide  reasonable  assurance  regarding  the
          reliability  of financial  reporting and the  preparation of financial
          statements for external purposes in accordance with generally accepted
          accounting principles;

     c.   Evaluated the effectiveness of the Company's  disclosure  controls and
          procedures  and  presented  in this report our  conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     d.   Disclosed in this report any change in the Company's  internal control
          over  financial  reporting  that occurred  during the  Company's  most
          recent  fiscal  quarter (the  Company's  4th quarter in the case of an
          annual report) that has materially  affected,  or is reasonably likely
          to materially  affect,  the Company's  internal control over financial
          reporting; and







5.   I have disclosed,  based on our most recent  evaluation of internal control
     over financial reporting, to the Company's auditors and the audit committee
     of the Company's  board of directors (or persons  performing the equivalent
     functions):

     a.   All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably likely to adversely affect the Company's ability to record,
          process, summarize and report financial information; and

     b.   Any fraud, whether or not material,  that involves management or other
          employees  who  have a  significant  role  in the  Company's  internal
          control over financial reporting.



     Date: June 29, 2011


                                    /s/ David J. Cutler
                                    -------------------------------------------
                                    David J. Cutler, Chief Executive Officer and
                                            Chief Financial Officer
                                    (Principal Executive & Accounting Officer)

EX-32

                                  Exhibit 32.1



                  CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with the  accompanying  Annual  Report on Form  10-K/A of Golden
Dragon  Holding Co. for the year ended  December 31,  2010,  I, David J. Cutler,
Principal  Executive and Accounting Officer of Golden Dragon Holding Co., hereby
certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, to my knowledge, that:


     a)   such Annual Report on Form 10-K/A of Golden Dragon Holding Co. for the
          year ended December 31, 2010,  fully complies with the requirements of
          section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

     b)   the  information  contained  in such  Annual  Report on Form 10-K/A of
          Golden Dragon Holding Co. for the year ended December 31, 2010, fairly
          presents,  in all  material  respects,  the  financial  condition  and
          results of operations of Golden Dragon Holding Co.



Date: June 29, 2011


                                   /s/ David J. Cutler
                                   ------------------------------------------
                                   David J. Cutler, Chief Executive Officer
                                     and Chief Financial Officer
                                   (Principal Executive and Accounting Officer)

This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002,  be deemed  filed by the  Company  for  purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.

XML



Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2010	Jun. 20, 2011
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2010
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	FY
Entity Registrant Name	GOLDEN DRAGON HOLDING CO.
Entity Central Index Key	0001081938
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,384,407
Entity Public Float		$ 259,869

XML



ACCOUNTS PAYABLE

12 Months Ended

Dec. 31, 2010

ACCOUNTS PAYABLE [Abstract]

ACCOUNTS PAYABLE

4. ACCOUNTS PAYABLE

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2010, we had no liabilities outstanding.

Of the outstanding accounts payable at December 31, 2009, $92,226 related to liabilities outstanding in December 2000 when we filed for Chapter 11 bankruptcy protections which have not been settled or statute barred as yet. The remaining balance of $82,604 accounts payable related to current liabilities incurred in bringing our financial and SEC filings up to date.

XML



ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2010

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

5. ACCRUED EXPENSES

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2000, we had no accrued expenses outstanding.

Of the expenses accrued at December 31, 2009, $89,040 relates to potential liabilities to creditors of the December 2010 Chapter11 including a reserve for potential disputes in respect of liabilities believed to be statute barred and potential interest at default rates and penalties on capital leases. The balance of $12,749 relates to expenses incurred in 2009 relating to share transfer agent fees and interest on our related party loan.

XML



CAPITAL AND OPERATING LEASES

12 Months Ended

Dec. 31, 2010

CAPITAL AND OPERATING LEASES [Abstract]

CAPITAL AND OPERATING LEASES

6. CAPITAL AND OPERATING LEASES

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2010, we had no liabilities under capital and operating outstanding.

These balances of payable under capital and operating leases outstanding at December 31, 2009 represented an estimate of the outstanding liabilities on capital and operating leases remaining from the December 2000 Chapter 11 bankruptcy.

XML



RELATED PARTY LOANS

12 Months Ended

Dec. 31, 2010

RELATED PARTY LOANS [Abstract]

RELATED PARTY LOANS

7. RELATED PARTY LOANS

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2010, we had no liabilities under related party loans outstanding.

As at December 31, 2009, related party loans represent the loan made to us by one of our directors, Mr. David J Cutler. Interest is accrued on the loan at 8%.

XML



COMMITMENTS

12 Months Ended

Dec. 31, 2010

COMMITMENTS [Abstract]

COMMITMENTS

8. COMMITMENTS AND CONTINGENCIES

Capital and Operating Leases

Following the sale of all of our subsidiary company, CCAPS, effective December 31, 2010, we had no liabilities under capital and operating outstanding.

The balances of payable under capital and operating leases outstanding at December 31, 2009 represented an estimate of the outstanding liabilities on capital and operating leases remaining from the December 2000 Chapter 11 bankruptcy.

We have not entered into any further capital or operating leases since December 2006.

Litigation

No legal proceedings are currently pending or threatened to the best of our knowledge.

XML



RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2010

RELATED PARTY TRANSACTIONS [Abstract]

RELATED PARTY TRANSACTIONS

9. RELATED PARTY TRANSACTIONS

During the year ended December 31, 2010, we paid $60,000 (2009 - $60,000) of Mr. Cutler's remuneration to Burlingham Corporate Finance, Inc. ("Burlingham") in the form of consulting fees. Mr. Cutler is the principal shareholder of Burlingham.

As at December 31, 2010, we had no outstanding liability with Mr. Cutler (2009 - $99,809) and no accrued interest outstanding (2009 - $5,749).

XML



STOCKHOLDERS' EQUITY (DEFICIT)

12 Months Ended

Dec. 31, 2010

STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]

STOCKHOLDERS' EQUITY (DEFICIT)

10. STOCKHOLDERS' EQUITY (DEFICIT):

Preferred Stock

We were authorized, without further action by the shareholders, to issue 10,000,000 shares of one or more series of preferred stock at a par value of $0.0001, all of which is nonvoting. The Board of Directors may, without shareholder approval, determine the dividend rates, redemption prices, preferences on liquidation or dissolution, conversion rights, voting rights and any other preferences.

No shares of preferred stock were issued or outstanding during the financial years ended December 31, 2010 and 2009.

Common Stock

We were authorized to issue 100,000,000 shares of common stock, par value $0.0001 per share.

Effective December 31, 2010 we issued 25,000 shares of our common stock, valued at $1,000, under the terms of the agreement for the sale of our subsidiary company, CCAPS.

Warrants

No warrants were issued or outstanding during the years ended December 31, 2010 and 2009.

Stock Options

Effective March 19, 1999, we adopted a stock option plan (the "Plan"). The Plan provides for grants of incentive stock options, nonqualified stock options and restricted stock to designated employees, officers, directors, advisors and independent contractors. The Plan authorized the issuance of up to 75,000 shares of Common Stock. Under the Plan, the exercise price per share of a non-qualified stock option must be equal to at least 50% of the fair market value of the common stock at the grant date, and the exercise price per share of an incentive stock option must equal the fair market value of the common stock at the grant date.

The following table summarizes stock option activity under the Plan:

Under the Stock Option Plan: Other Grants:

------------------------------------------- --------------------

Granted to Granted to

Non- Employees Non-Employees

-------------------- -------------------

Weighted Weighted

Average Average

Exercise Exercise

Shares Price Shares Price

------- -------- -------- --------

Outstanding at December 31, 2008 2,000 $45.00 - -

Granted - - - -

Exercised - - - -

Canceled (2,000) (45.00) - -

--------- --------- -------- --------

Outstanding at December 31, 2009 - - - -

========= ========= ======== ========

Our remaining options expired, un-exercised, during the year ended December 31, 2009.

XML



INCOME TAXES

12 Months Ended

Dec. 31, 2010

INCOME TAXES [Abstract]

INCOME TAXES

11. INCOME TAXES:

We have had losses since our Inception, and therefore are not subject to federal or state income taxes. We have accumulated tax losses available for carryforward in excess $16 million. The carryforward is subject to examination by the tax authorities and expires at various dates through the year 2022. The Tax Reform Act of 1986 contains provisions that may limit the NOL carryforwards available for use in any given year upon the occurrence of certain events, including significant changes in ownership interest. Consequently following the issue more than 50% of our total authorized and issued share capital in September 2006 to Mr. Cutler, one of our directors, our ability to use these losses is substantially restricted by the impact of section 382 of the Internal Revenue Code.

XML



SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2010

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

12. SEGMENT INFORMATION:

We consider our ongoing business activities to constitute a single segment.

XML



SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2010

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS:

We have evaluated subsequent events through June 20, 2011. There have been no subsequent events after December 31, 2010 for which disclosure is required.

XML



BALANCE SHEETS (USD $)	Dec. 31, 2010	Dec. 31, 2009
CURRENT ASSETS
Cash and Cash Equivalents	$ 100
Total Current Assets	100
TOTAL ASSETS	100
CURRENT LIABILITIES
Accounts Payable		174,830
Accrued Expenses		101,789
Capital Leases		3,660
Operating Leases		196,216
Related Party Loans		99,809
Total Current Liabilities		576,304
COMMITMENTS AND CONTINGENCIES (Note. 8)
STOCKHOLDERS' EQUITY / (DEFICIT)
Preferred Stock; $0.0001 par value, 10,000,000 shares authorized no shares issued and outstanding
Class A Common Stock; $0.0001 par value, 100,000,000, shares authorized, 2,348,407 and 2,359,407 shares issued and outstanding respectively	239	236
Additional Paid In Capital	16,874,642	16,873,645
Accumulated Deficit	(16,874,781)	(17,450,185)
Total Stockholders' Equity / (Deficit)	100	(576,304)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY / (DEFICIT)	$ 100

XML



BALANCE SHEETS (Parenthetical)	Dec. 31, 2010	Dec. 31, 2009
BALANCE SHEETS [Abstract]
Preferred Stock, par value per share	0.0001	0.0001
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Class A Common Stock, par value per share	0.0001	0.0001
Class A Common Stock, shares authorized	100,000,000	100,000,000
Class A Common Stock, shares issued	2,384,407	2,359,407
Class A Common Stock, shares outstanding	2,384,407	2,359,407

XML



STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
OPERATING (INCOME) / EXPENSES
Gain on Sale of Subsidiary Company	$ (676,989)
Gain on Debt Relief		(207,300)
General and Administrative Expenses	91,389	93,562
Total Operating (Income) / Expenses	(585,600)	(113,738)
OPERATING INCOME (LOSS)	585,600	113,738
Interest and Other Income / (Expenses) Net	(10,196)	(4,875)
Income / (Loss) before Income Taxes	575,404	108,863
Provision for Income Taxes
NET INCOME (LOSS)	$ 575,404	$ 108,863
NET INCOME (LOSS) PER COMMON SHARE
Basic and Diluted	0.24	0.05
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and Diluted	2,359,475	2,359,407

XML



STATEMENTS OF STOCKHOLDERS' EQUITY / (DEFICIT) (USD $)	Total	Class A Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Equity / (Deficit) [Member]
Balance, Values at Dec. 31, 2008	$ (685,167)	$ 236	$ 16,873,645	$ (17,559,048)
Balance, Shares at Dec. 31, 2008		2,359,407
Net Income	108,863			108,863
Balance, Values at Dec. 31, 2009	(576,304)	236	16,873,645	(17,450,185)
Balance, Shares at Dec. 31, 2009	2,359,407	2,359,407
Stock Issued on Sale of Subsidiary, Values	1,000	3	997
Stock Issued on Sale of Subsidiary, Shares		25,000
Net Income	575,404			575,404
Balance, Values at Dec. 31, 2010	$ 100	$ 239	$ 16,874,642	$ (16,874,781)
Balance, Shares at Dec. 31, 2010	2,384,407	2,384,407

XML



STATEMENT OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
CASH FLOW PROVIDED BY (USED IN) OPERATING ACTIVITIES
NET INCOME (LOSS)	$ 575,404	$ 108,863
ADJUSTMENTS TO RECONCILE NET INCOME / (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Gain on Sale of Subsidiary Company	(676,989)
Gain on Debt Relief		(207,300)
CHANGES IN OPERATING ASSETS AND LIABILITIES
Increase (Decrease) in Accounts Payable	31,389	24,440
Increase (Decrease) in Accrued Expenses	10,196	4,874
Total Cash Flow used in Operating Activities	(60,000)	(69,123)
CASH FLOW PROVIDED BY (USED IN) INVESTING ACTIVITIES
Proceeds on Sale of Subsidiary Company	100
Total Cash Flow provided by / (used in) Investing Activities	100
CASH FLOW PROVIDED BY (USED IN) FINANCING ACTIVITIES
Funds from Related Party Loans	60,000	69,123
Total Cash Flow provided by / (used in) Financing Activities	60,000	69,123
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	100	0
Cash and Cash Equivalents at the beginning of the period
Cash and Cash Equivalents at the end of the period	100
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION
Cash paid for interest
Cash paid for income tax

XML



NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2010

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES: [Abstract]

NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES:

Nature of Operations - In April 2010, Concord Ventures, Inc. ("Concord"), a Colorado corporation, incorporated three new subsidiary companies, CCVG, Inc. ("CCVG"), CCAPS Co. ("CCAPS") and Golden Dragon Holding Co. ("Golden Dragon"). All three of the new subsidiary companies were domiciled in Delaware.

Re-domicile in Delaware

In order for Concord to re-domicile in Delaware from Colorado, on September 29, 2010, Concord entered into an Agreement and Plan of Merger ("the Merger Agreement") with its wholly owned subsidiary, CCVG. Under the terms of the Merger Agreement, Concord shares of common stock converted automatically to CCVG shares, without change or necessity to reissue. Also under the Merger Agreement, CCVG became the surviving company domiciled in Delaware.

Reorganization into a Holding Company Structure

Effective December 31, 2010, under an Agreement and Plan of Merger and Reorganization into a Holding Company ("the Reorganization") filed with the Secretary of State of Delaware:

- Golden Dragon acquired 100% of the issued share capital of CCVG in a share for share exchange of Golden Dragon shares for CCVG shares with CCVG's existing shareholders, and

- CCVG merged with CCAPS, one of CCVG's former subsidiary companies.

As a result of this reorganization into a Holding Company structure, Golden Dragon became the surviving publicly quoted parent holding company with CCAPS, the surviving corporation of the merger between CCVG and CCAPS, becoming the sole remaining wholly-owned subsidiary of Golden Dragon.

The Reorganization has been accounted for so as to reflect the fact that both CCVG and Golden Dragon were under common control at the date of the Reorganization, similar to a reverse acquisition of CCVG and its subsidiary company, CCAPS, by Golden Dragon.

Sale of CCAPS

On December 31, 2010, Golden Dragon entered into a Share Purchase Agreement with James Clark. Under the terms of the Share Purchase Agreement, Golden Dragon sold 100% of the issued and outstanding shares of its sole remaining wholly owned subsidiary, CCAPS, to James Clark for $100 cash consideration, subject to its debts, and issued 25,000 shares of Golden Dragon Common Stock, valued at $1,000, to CCAPS pursuant to the terms of the Share Purchase Agreement. At the time of the sale, CCAPS had no ongoing operations or assets and outstanding liabilities of approximately $678,000.

Following the merger of CCVG with and into CCAPS, CCAPS, as the surviving corporation in that merger, retained all outstanding liabilities of CCVG in the divestiture.

As a result of the sale of 100% of the issued and outstanding shares of CCAPS, Golden Dragon, the surviving publicly quoted holding company will no longer consolidate the liabilities of CCAPS or CCVG.

Cash and Cash Equivalents -- Cash and cash equivalents consist of cash and highly liquid debt instruments with original maturities of less than three months.

Property and Equipment- We sold all of our fixed assets effective February 16, 2001 for the benefit of our creditors as part of our Chapter 11 reorganization. Accordingly, we had no property and equipment as of December 31, 2010 and 2009 and we recorded no depreciation expense in the years ended December 31, 2010 and 2009.

Deferred Costs and Other -- Offering costs with respect to issue of common stock, warrants or options by us were initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful. We had no deferred costs and other as at December 31, 2010 and 2009.

Impairment of Long-Lived and Intangible Assets -- In the event that facts and circumstances indicated that the cost of long-lived and intangible assets may be impaired, an evaluation of recoverability was performed. If an evaluation was required, the estimated future undiscounted cash flows associated with the asset were compared to the asset's carrying amount to determine if a write-down to market value or discounted cash flow value was required.

Financial Instruments -- The estimated fair values for financial instruments was determined at discrete points in time based on relevant market information. These estimates involved uncertainties and could not be determined with precision. The carrying amounts of notes receivable, accounts receivable, accounts payable and accrued liabilities approximated fair value because of the short-term maturities of these instruments. The fair value of notes payable approximated to their carrying value as generally their interest rates reflected our effective annual borrowing rate.

Income Taxes -- We account for income taxes under the liability method, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.

Advertising cost -- Advertising costs were expensed as incurred. No advertising costs were incurred in the years ended December 31, 2010 and 2009.

Comprehensive Income (Loss) -- Comprehensive income is defined as all changes in stockholders' equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. From our inception there were no differences between our comprehensive loss and net loss.

Our comprehensive income / (loss) for the years ended December 31, 2010 and 2009 was identical to our net income / (loss) for the years ended December 31, 2010 and 2009.

Income (Loss) Per Share --. Income (loss) per share is presented in accordance with Accounting Standards Update ("ASU"), Earning Per Share (Topic 260) which requires the presentation of both basic and diluted earnings per share ("EPS") on the consolidated income statements. Basic EPS would exclude any dilutive effects of options, warrants and convertible securities but does include the restricted shares of common stock issued. Diluted EPS would reflect the potential dilution that would occur if securities of other contracts to issue common stock were exercised or converted to common stock. Basic EPS calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted EPS calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Basic and diluted EPS were identical for the years ended December 31, 2010 and 2009 as the exercise price of our outstanding stock options was substantially in excess of our share price throughout these periods.

Stock-Based Compensation - We have adopted ASC Topic 718 (formerly SFAS 123R), "Accounting for Stock-Based Compensation", which establishes a fair value method of accounting for stock-based compensation plans. In accordance with guidance now incorporated in ASC Topic 718, the cost of stock options and warrants issued to employees and non-employees is measured on the grant date based on the fair value. The fair value is determined using the Black-Scholes option pricing model. The resulting amount is charged to expense on the straight-line basis over the period in which we expect to receive the benefit, which is generally the vesting period. The fair value of stock warrants was determined at the date of grant using the Black-Scholes option pricing model. The Black-Scholes option model requires management to make various estimates and assumptions, including expected term, expected volatility, risk-free rate, and dividend yield.

Use of Estimates -- The preparation of our consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Actual results could differ from those estimates. Due to uncertainties inherent in the estimation process, it is possible that these estimates could be materially revised within the next year.

Business Segments -- We consider our ongoing activities to constitute a single segment.

Recently Issued Accounting Pronouncements-- We have reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.

Gain on debt relief - The Company recorded a gain on debt relief in the year ended December 13, 2009 of $207,300 based on its interpretation of and estimates from various state statutes of limitation.

XML



GOING CONCERN AND LIQUIDITY

12 Months Ended

Dec. 31, 2010

GOING CONCERN AND LIQUIDITY [Abstract]

GOING CONCERN AND LIQUIDITY

2. GOING CONCERN AND LIQUIDITY

As at December 31, 2010, we had assets of $100, no operating business or other source of income, no outstanding liabilities and a stockholders' equity of $100.

In our financial statements for the fiscal years ended December 31, 2010 and 2009, the Report of the Independent Registered Public Accounting Firm includes an explanatory paragraph that describes substantial doubt about our ability to continue as a going concern. Our financial statements for the fiscal years ended December 31, 2010 and 2009 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. We had a working capital of $100 and reported an accumulated deficit of $16,874,781 as at December 31, 2010.

It is our current intention to seek raise debt and, or, equity financing to fund ongoing operating expenses and attempt to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance that these events will be satisfactorily completed.

XML



ASSETS

12 Months Ended

Dec. 31, 2010

ASSETS [Abstract]

ASSETS

3. ASSETS

As at December 31, 2010, our sole asset was Cash and Cash Equivalents of $100 relating to the sales consideration arising from the sale of our subsidiary company, CCAPS. We had no assets as at December 31, 2009.