United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

Commission file number 0-49701

PACIFIC VEGAS GLOBAL STRATEGIES, INC.

(Exact name of registrant as specified in its charter)

COLORADO	84-1159783
(State or Other Jurisdiction of Incorporation or organization)	(IRS Employer Identification No.)

Room 2, LG/F., Kai Wong Commercial Building,

222 Queen’s Road, Central, Hong Kong

(Address of principal executive offices)

(011) (852) 3154-9370

(Registrant’s telephone number, including area code)

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 o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  YES o  NO x

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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	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 o

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 99,963,615 shares of Common Stock with No Par Value outstanding as at June 30, 2012

TABLE OF CONTENTS

PART I	FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS
	Unaudited Condensed Statements of Operations
	Unaudited Condensed Balance Sheets
	Unaudited Condensed Statements of Cash Flows
	Notes to Unaudited Condensed Financial Statements
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 4.	CONTROLS AND PROCEDURES
PART II	OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS
ITEM 1A.	RISK FACTORS
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES
ITEM 4.	MINE SAFETY DISCLOSURES
ITEM 5.	OTHER INFORMATION
ITEM 6.	EXHIBITS
SIGNATURES
CERTIFICATIONS

2

PART   I  FINANCIAL INFORMATION

All statements other than statements of historical fact presented in this quarterly report regarding our financial position and operating and strategic initiatives and addressing industry developments are forward-looking statements, where we or our management express an expectation or belief as to the future results. Such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statements of such expectation or belief will result or be achieved or accomplished. Actual results of operations may differ materially.

3

PART I:        FINANCIAL INFORMATION

ITEM 1.        FINANCIAL STATEMENTS

Pacific Vegas Global Strategies, Inc.

(A Development Stage Company)

Unaudited Condensed Statements of Operations

		Three months ended June 30,				Six months ended June 30,				Period from re-entering development stage on January 1, 2006 to June 30,
	Note	2012		2011		2012		2011		2012
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
		US$		US$		US$		US$		US$
Revenue		—		—		—		—		—
Expenses
General and administrative expenses		(10,885	)	(8,996	)	(20,736	)	(17,347	)	(375,716	)
Loss before income taxes		(10,885	)	(8,996	)	(20,736	)	(17,347	)	(375,716	)
Income tax expense	4	—		—		—		—		—
Net loss and total comprehensive loss		(10,885	)	(8,996	)	(20,736	)	(17,347	)	(375,716	)
Loss per share:
Basic and diluted	5	(0.00	)	(0.00	)	(0.00	)	(0.00	)	(0.00	)
Weighted average number of common stock outstanding		99,963,615		99,963,615		99,963,615		99,963,615		99,963,615

The accompanying notes are an integral part of these condensed financial statements.

4

Pacific Vegas Global Strategies, Inc.

(A Development Stage Company)

Unaudited Condensed Balance Sheets

		As of		As of
		June 30,		December 31,
	Note	2012		2011
		(Unaudited)		(Audited)
		US$		US$
ASSETS
Current assets
Deposits and prepayments		7,500		12,500
Total current assets		7,500		12,500
Total assets		7,500		12,500
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Due to a principal stockholder	6	340,997		317,955
Accrued expenses		8,894		16,200
Total current liabilities		349,891		334,155
Total liabilities		349,891		334,155
Commitments and contingencies	7
Stockholders’ deficit
Common stock, no par value, 500,000,000 shares authorized, 99,963,615 shares issued and outstanding		—		—
Additional paid-in capital		2,500,000		2,500,000
Accumulated losses before re-entering development stage		(2,466,675	)	(2,466,675	)
Accumulated losses during development stage		(375,716	)	(354,980	)
Accumulated losses		(2,842,391	)	(2,821,655	)
Total stockholders’ deficit		(342,391	)	(321,655	)
Total liabilities and stockholders’ deficit		7,500		12,500

The accompanying notes are an integral part of these condensed financial statements.

5

Pacific Vegas Global Strategies, Inc.

(A Development Stage Company)

Unaudited Condensed Statements of Cash Flows

	Six months ended June 30,				Period from re-entering development stage on January 1, 2006 to June
	2012		2011		30, 2012
	(Unaudited)		(Unaudited)		(Unaudited)
	US$		US$		US$
Cash flows from operating activities
Net loss	(20,736	)	(17,347	)	(375,716	)
Adjustment to reconcile net loss to net cash used in operating activities:
Changes in working capital:
Deposits and prepayments	5,000		5,000		63,048
Accrued expenses	(7,306	)	(10,631	)	(28,329	)
Net cash used in operating activities	(23,042	)	(22,978	)	(340,997	)
Cash flow from financing activities
Advances from a principal stockholder	23,042		22,978		340,997
Net cash from financing activities	23,042		22,978		340,997
Net change in cash and cash equivalents	—		—		—
Cash and cash equivalents at beginning of period	—		—		—
Cash and cash equivalents at end of period	—		—

The accompanying notes are an integral part of these condensed financial statements.

6

Pacific Vegas Global Strategies, Inc.

(A Development Stage Company)

Notes to Unaudited Condensed Financial Statements

1.ORGANIZATION AND PRINCIPAL ACTIVITIES

Pacific Vegas Global Strategies, Inc. (the “Company”), formerly known as Goaltimer International, Inc., was incorporated in Colorado on December 19, 1990.

Upon the expiry of an International Gaming License granted by the government of the Commonwealth of Dominica on December 6, 2004, the Board of Directors of the Company resolved to cease the then business due to significant losses incurred. After the full discontinuance of such business in 2005 and becoming a shell company, the Company has re-entered the development stage since January 1, 2006 and has been reporting as a Development Stage Entity under FASB Accounting Standards Codification (“ASC”) Topic 915 — Development Stage Entities.

The Company has been in an inactive or non-operating status since December 6, 2004, and remains as a shell company with its only activity of incurring non-operating expenses.

2.PREPARATION OF INTERIM FINANCIAL STATEMENTS

The accompanying unaudited condensed financial statements as of June 30, 2012 and 2011 have been prepared based upon Securities and Exchange Commission (“SEC”) rules that permit reduced disclosure for interim periods and include, in the opinion of management, all adjustments (consisting of normal recurring adjustments and reclassifications) necessary to present fairly the financial position, results of operations and cash flows as of June 30, 2012 and for all periods presented. Information as of December 31, 2011 was derived from the audited financial statements of the Company for the year ended December 31, 2011.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“USA”) have been condensed or omitted. These condensed financial statements should be read in conjunction with the audited financial statements and notes thereto in the Company’s Form 10-K for the year ended December 31, 2011. The results of operations for the six months ended June 30, 2012 are not necessarily indicative of the operating results to be expected for the full year.

7

The condensed financial statements and accompanying notes are presented in United States dollars and prepared in conformity with accounting principles generally accepted in the USA (“USGAAP”) which require management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The Company had a negative working capital and a stockholders’ deficit of US$342,391 as of June 30, 2012. The accompanying condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, a substantial doubt has been raised with regard to the ability of the Company to continue as a going concern as the Company had total liabilities in excess of its total assets. In light of the situation, the Company has been contemplating practical plans for a business restructuring and/or possible arrangements to raise additional capital funds to support its continuation as a going concern, but there can be no assurance that the Company will be successful in procuring such efforts. The Company has maintained no revenue-generating or cash in-flow operations since December 6, 2004 and has relied on cash injections from the principal stockholder of the Company, who has undertaken to finance the Company for a “reasonable” period of time for the Company to continue as a going concern, assuming that in such a period of time the Company would be able to restructure its business and restart on a revenue-generating operation and/or raise additional capital funds to support its continuation. However, the principal stockholder retains her right to discontinue such financing at her own discretion. It is uncertain as for how long or to what extent such a period of time would be “reasonable” in the discretion of the principal stockholder, and there can be no assurance that the financing from the principal stockholder will not be discontinued at any time.

Other than the private financing by cash in-flow from the principal stockholder, which is unsecured and could be discontinued at any time, the Company has currently preserved no sources of liquidity to support its continuation as a going concern.

These uncertainties may result in adverse effects on the continuation of the Company as a going concern. The accompanying financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.

8

3.RECENTLY ISSUED ACCOUNTING STANDARDS

As of the date that this quarterly report is filed, there are no recently issued accounting pronouncements whose adoption would have a material impact on the Company’s financial statements.

4.INCOME TAXES

Subject to the provision of ASC Top 740, the Company has analyzed its filing position in the jurisdiction where it is subject to income tax. As of June 30, 2012 and December 31, 2011, the Company has identified United States in which it is subject to income tax. Based on the evaluations noted above, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. As of June 30, 2012 and December 31, 2011, the Company had no unrecognized tax benefits or accruals for the potential payment of interest and penalties.

5.LOSS PER SHARE

Basic loss per share is based on the weighted average number of common stock outstanding during each period.

The Company had no potential common stock instruments with a dilutive effect for any period presented and, therefore, basic and diluted loss per share are the same.

6.DUE TO A PRINCIPAL STOCKHOLDER

The amount due is unsecured, interest-free and repayable on demand. The fair value of advances, which are interest-free, cannot be estimated reliably due to the relationship between the principal stockholder and the Company.

7.COMMITMENTS AND CONTINGENCIES

As of June 30, 2012 and December 31, 2011, the Company had no material outstanding commitments and contingencies.

9

ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Our presentation in this Management’s Discussion and Analysis of Financial Condition and Results of Operations contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current projections or expectations with regard to the future operations of business. Such projections or expectations are expressed in good faith and believed to have a reasonable basis, but there can be no assurance that such projections or expectations will prove to be correct or accurate, and as a result of certain risks and uncertainties, actual results of operations may differ materially.

1Revenue and Expenses

The Company has remained in an inactive and non-operating status since December 6, 2004. There was no active business operated and no revenue earned by the Company for the three months and six months ended June 30, 2012 and 2011.

Total expenses for the three months and six months ended June 30, 2012 were US$10,885 and US$20,736 against US$8,996 and US$17,347 for the same period last year. Expenses represent professional fees and miscellaneous administrative expenses in these periods.

2Net Loss

Net loss for the three months and six months ended June 30, 2012 were US$10,885 and US$20,736 against a net loss of US$8,996 and US$17,347 a year before, respectively.

3Cashflows, Liquidity and Capital Resources

As of June 30, 2012 and December 31, 2011, the balance of cash and cash equivalents for the Company was nil. The Company has currently retained no sources of liquidity other than the private financing by cash inflow from the principal stockholder, which is unsecured and could be discontinued at any time.

4Plan of Operation

The Company has been in a non-operating status and remains as a shell company since December 6, 2004. The Company has planned for a reorganization to acquire sufficient capital funds and engage

10

in a selected business. However, there can be no assurance as to when or whether the Company will be able to accomplish this plan.

5Going Concern

The Company has relied on the private financing by cash inflow from the principal stockholder of the Company, who has undertaken to finance the Company in cash for a “reasonable” period of time for the Company to continue as a going concern, assuming that in such a period of time the Company would be able to restructure its business and restart on a revenue-generating operation and/or raise additional capital funds to support its continuation. However, it is uncertain as for how long or to what extent such a period of time would be “reasonable”, and there can be no assurance that the financing from the principal stockholder will not be discontinued.

These uncertainties may result in adverse effects on the continuation of the Company as a going concern. The accompanying financial statements do not include or reflect any adjustments that might result from the outcome of these uncertainties.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is not exposed to currencies fluctuation or exchange risk as it has been in an inactive or non-operating status since December 6, 2004. The Company has remained as a shell company with its only activity that of incurring non-operating expenses.

ITEM 4.CONTROLS AND PROCEDURES

(a)Evaluation of Disclosure Controls and Procedures

Pursuant to Rule 13a-l5(e) and Rule 15d-15(e) under the Exchange Act, the management has evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as at the end of the quarterly period, and based upon that evaluation, management concluded that the disclosure controls and procedures were effective as of June 30, 2012.

(b)Changes in Internal Controls

Pursuant to Rule 13a-l5(d) and Rule 15d-15(d) under the Exchange Act, the management has evaluated the Company’s internal control over financial reporting as of June 30, 2012 and concluded

11

that there was no change that materially affects the internal control over financial reporting covered by this report.

PART   IIOTHER INFORMATION

ITEM 1.LEGAL PROCEEDINGS

None

ITEM 1A.RISK FACTORS

Not applicable

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OFPROCEEDS

None

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.MINE SAFETY DISCLOSURES

Not applicable

ITEM 5.OTHER INFORMATION

None

ITEM 6.EXHIBITS

The following exhibits are filed herewith:

Exhibit 31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a)

Exhibit 31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(a)

Exhibit 32.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350

Exhibit 32.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350

12

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PACIFIC VEGAS GLOBAL STRATEGIES, INC.

Registrant

NAME	TITLE	DATE
/s/ KWAN SIN YEE	President, Chief Executive Officer,	August 14, 2012
Kwan Sin Yee	Secretary and Director
/s/ KWAN SIN YEE	Chief Financial Officer	August 14, 2012
Kwan Sin Yee

13