10-Q 1 v386755_10q.htm FORM 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q

 

QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the Quarter ended June 30, 2014

 

Commission File Number: 333-133327

  

INTELLIGENT BUYING, INC.
(Exact name of registrant as specified in its charter)

   

California   20-0956471
(State of organization)   (I.R.S. Employer Identification No.)

 

450 National Ave

Mountain View, CA
94043
 (Address of principal executive offices)
 
(650) 279-9954
Registrant’s telephone number, including area code
 
n/a
Former address if changed since last report

  

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes x

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, 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 No ¨

 

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

 

Large Accelerated Filer ¨   Accelerated Filer ¨   Non-Accelerated Filer ¨
(Do not check if a smaller
reporting company)
  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 ¨ No x

 

Securities registered under Section 12(g) of the Exchange Act:

 

Common Stock $.001 par value

 

There are 5,889,533 shares of common stock outstanding as of August 14, 2014.

 

 
 

 

TABLE OF CONTENTS

 

 

 

  PART I - FINANCIAL INFORMATION  
     
ITEM 1. INTERIM FINANCIAL STATEMENTS 2
ITEM 2. MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION 11
ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 12
ITEM 4. CONTROLS AND PROCEDURES 12
     
  PART II - OTHER INFORMATION  
     
ITEM 1. LEGAL PROCEEDINGS 13
ITEM 1(A) RISK FACTORS 13
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES 13
ITEM 3. DEFAULTS UPON SENIOR SECURITIES 13
ITEM 4. MINE SAFETY DISCLOSURES 13
ITEM 5. OTHER INFORMATION 13
ITEM 6. EXHIBITS 13
   
SIGNATURES   14

 

 
 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1.        INTERIM FINANCIAL STATEMENTS

 

2
 

 

INTELLIGENT BUYING, INC.

 

BALANCE SHEET

(unaudited)

 

   June 30, 2014   December 31, 2013 
         
CURRENT ASSETS          
Cash  $3,134   $1,669 
Accounts receivable   1,425    - 
TOTAL CURRENT ASSETS   4,559    1,669 
           
TOTAL ASSETS  $4,559   $1,669 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY          
Accounts payable and accrued expenses  $5,451   $15,876 
Loan payable—officer   37,584    12,813 
           
TOTAL CURRENT LIABILITIES   43,035    28,689 
           
STOCKHOLDERS’ (DEFICIENCY):          
Preferred stock (Note 5), $.001 par value,    0    0 
Authorized – 25,000,000 shares           
Issued and outstanding – 2,500,000 shares           
Common stock, $.001 par value,          
Authorized – 50,000,000 shares          
Issued and outstanding – 5,889,533 shares   5,889    5,889 
Additional paid-in capital   670,656    670,657 
Accumulated deficit   (715,021)   (703,566)
TOTAL STOCKHOLDERS’ DEFICIENCY   (38,476)   (27,020)
           
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY  $4,559   $1,669 

 

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

 

3
 

 

INTELLIGENT BUYING, INC.

 

STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT

(unaudited)

 

   THREE MONTHS ENDED JUNE 30 
   2014   2013 
         
SALES:          
Related Party  $-   $4,339 
           
TOTAL SALES   -    4,339 
           
COSTS AND EXPENSES:          
Cost of sales   -    - 
Selling, general and administrative   2,598    2,886 
TOTAL COSTS AND EXPENSES   2,598    2,886 
           
INCOME (LOSS) BEFORE TAXES   (2,598)   1,453 
           
INCOME TAXES   -    800 
           
NET (LOSS) INCOME   (2,598)   653 
           
ACCUMULATED DEFICIT- BEGINNING OF PERIOD   (703,566)   (683,563)
           
ACCUMULATED DEFICIT- END OF PERIOD  $(706,154)  $(682,910)
           
BASIC AND DILUTED NET LOSS PER COMMON SHARE  $(0.00)  $0.00 
           
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING   5,889,533    5,889,533 

 

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

 

4
 

 

INTELLIGENT BUYING, INC.

 

STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT

(unaudited)

 

   SIX MONTHS ENDED JUNE 30 
   2014   2013 
         
SALES:          
Related Party  $-   $24,213 
           
TOTAL SALES   -    24,213 
           
COSTS AND EXPENSES:          
Cost of sales   -    15,340 
Selling, general and administrative   10,655    12,068 
TOTAL COSTS AND EXPENSES   10,665    27,408 
           
(LOSS) BEFORE TAXES   (10,665)   (3,195)
           
INCOME TAXES   800    800 
           
NET (LOSS)   (11,455)   (3,995)
           
ACCUMULATED DEFICIT- BEGINNING OF PERIOD   (703,566)   (685,775)
           
ACCUMULATED DEFICIT- END OF PERIOD  $(715,021)  $(689,770)
           
BASIC AND DILUTED NET LOSS PER COMMON SHARE  $(0.00)  $0.00 
           
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING   5,889,533    5,889,533 

 

The accompanying notes are an integral part of these financial statements

 

5
 

 

INTELLIGENT BUYING, INC.

 

STATEMENTS OF CASH FLOWS

(unaudited)

 

   SIX MONTHS ENDED JUNE 30 
   2014   2013 
OPERATING ACTIVITIES:          
Net income (loss)  $(11,455)  $2,212 
Adjustments to reconcile net income (net loss)  to net cash provided by (used in) operating activities:          
           
Changes in operating assets and liabilities:          
Accounts receivable   (1,425)     
Accounts payable and accrued expenses   (10,425)   (4,534)
           
NET CASH (USED IN) OPERATING ACTIVITIES  $(1,561)   (2,322)
           
FINANCING ACTIVITIES:         
Proceeds of loan payable--officer   24,770    - 
           
NET CASH PROVIDED BY FINANCING ACTIVITIES   24,770    - 
           
INCREASE (DECREASE) IN CASH   1,465   $(2,322)
           
CASH – BEGINNING OF PERIOD   1,669    3,934 
CASH – END OF PERIOD  $3,134   $1,612 

 

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

 

6
 

 

INTELLIGENT BUYING, INC.

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 2014

(UNAUDITED)

 

1. SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

     

The accompanying financial statements have been prepared on substantially the same basis as the audited financial statements included in the Intelligent Buying Inc. Annual Report on Form 10-K for the year ended December 31, 2013. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission (SEC) rules and regulations regarding interim financial statements. All amounts included herein related to the condensed financial statements as of June 30, 2014 and the three and six months ended June 30, 2014 and 2013 are unaudited and should be read in conjunction with the audited financial statements and the notes there to included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

 

In the opinion of management, the accompanying financial statements include all necessary adjustments for the fair presentation of the Company’s financial position, results of operations and cash flows. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the full fiscal year ending December 31, 2014 or any other period.

 

Business description

 

The financial statements presented are those of Intelligent Buying, Inc. (the “Company”).  The Company was incorporated under the laws of the State of California on March 22, 2004 and is in the business of media advertising and acquiring high-end computer and networking equipment from resellers and end-users and then reselling this equipment at discounted prices.

 

Uses of estimates in the preparation of financial statements

 

The preparation of financial statements in conformity with generally accepted accounting principles accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses during each reporting period.  Actual results could differ from those estimates.

 

Revenue Recognition

 

The Company recognizes revenue on a gross basis when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when persuasive evidence of an arrangement exists, the product has been shipped or the services have been provided to the customer, the sales price is fixed or determinable and collectability is reasonably assured.  The Company reduces revenue for estimated customer returns, rotations and sales rebates when such amounts are estimable.  When not estimable, The Company defers revenue until the product is sold to the end customer.  The Company does not provide support on products sold unless a separate agreement for installation and setup has been entered into.  The revenue from such an agreement would be reported separately as fee income if and when such services are performed, completed and accepted by the customer.

 

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INTELLIGENT BUYING, INC.

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 2014

(UNAUDITED)

 

Comprehensive income

 

SFAS No. 130, "Reporting Comprehensive Income," establishes standards for the reporting and display of comprehensive income and its components in financial statements. SFAS No. 130 requires that all items required to be recognized under accounting standards as components of comprehensive income be reported in a financial statement with the same prominence as other financial statements. Comprehensive income consists of net earnings, the net unrealized gains or losses on available-for-sale marketable securities, foreign currency translation adjustments, minimum pension liability adjustments and unrealized gains and losses on financial instruments qualifying for hedge accounting and is presented in the accompanying Consolidated Statement of Shareholders' Equity in accordance with SFAS No. 130. During the quarter ended June 30, 2014 and 2013, the Company did not have any components of comprehensive income (loss) to report.

 

Net loss per share

 

Authoritative guidance on Earnings per Share requires dual presentation of basic and diluted earnings or loss per share (“EPS”) for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation.  Basic EPS excludes dilution; diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

 

Basic loss per share is computed by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period.  Diluted loss per share reflects the potential dilution that could occur if dilutive securities and other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, unless the effect is to reduce a loss or increase earnings per share.

 

Stock-based compensation

 

The Company has adopted the FASB standard on Share-Based Payment, which addresses the accounting for share-based payment transactions. The standard eliminates the ability to account for share-based compensation transactions using old standards, and generally requires instead that such transactions be accounted and recognized in the statement of operations based on their fair value. The standard is effective for public companies that file as small business issuers as of the first interim or annual reporting period that begins after December 15, 2005.  Depending upon the number of and terms for options that may be granted in future periods, the implementation of this standard could have a significant non-cash impact on results of operations in future periods

 

During the quarters ended June 30, 2014 and 2013, there were no stock options granted or outstanding.

 

8
 

 

INTELLIGENT BUYING, INC.

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 2014

(UNAUDITED)

 

New Accounting Pronouncements

 

From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting.  The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

 

2.  INCOME TAXES

 

The Company recognizes deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns.  Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.

 

The Company recorded no income taxes for the quarters ended June 30, 2014 and 2013 due to the use of available net operating loss carryforwards.

 

Net operating loss carry forwards of approximately $715,021 at June 30, 2014 are available to offset future taxable income, if any, and expire in 2028.  This results in a net deferred tax asset, assuming an effective tax rate of 34% of approximately $243,107 at June 30, 2014.  A valuation allowance in the same amount has been provided to reduce the deferred tax asset, as realization of the asset is not assured.

 

3.  STOCKHOLDERS’ EQUITY (DEFICIENCY)

 

Preferred stock

 

At June 30, 2014, the Company had no shares of its preferred stock issued and outstanding. Previously issued preferred shares were converted according to their terms into 5,000,000 shares of common stock on September 16, 2010.

 

Common stock

 

At June 30, 2014, the Company had 5,889,533 shares of its common stock issued and outstanding. These shares comprised 273,333 shares issued on March 22, 2006 in exchange for certain Notes Payable (see Note 2, above), 500,000 shares issued on April 1, 2006 in consideration for certain financial advisory services, 116,200 shares issued on March 31, 2006 in connection with a private placement of common shares and 5,000,000 converted preferred shares as mentioned in the Preferred stock paragraph above.  Dividends may be paid on outstanding shares of common stock as declared by the Board of Directors. Each share of common stock is entitled to one vote.

 

9
 

 

INTELLIGENT BUYING, INC.

NOTES TO FINANCIAL STATEMENTS

JUNE 30, 2014

(UNAUDITED)

 

4.  RELATED PARTY TRANSACTIONS

 

The Company sells to Anchorfree Wireless, Inc and AFNCA, Inc., a company controlled by the principal shareholders of the Company.  During the three months ended June 30, 2014, the Company recorded no sales, however, during the three months ended June 30, 2013, approximately 100% of sales were to Anchorfree Wireless Inc and AFNCA, Inc. As of June 30, 2014 and 2013, Anchorfree Wireless, Inc and AFNCA, Inc were not indebted to the Company for sales made in the ordinary course of business.

 

 6.    GOING CONCERN

 

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has suffered net losses and, as of June 30, 2014, its total liabilities exceeded its total assets by $38,476.  The Company had negative working capital of $38,476 as of June 30, 2014, an accumulated deficit of $715,021 incurred through such date and recorded a net loss of $2,598 for the three months ended June 30, 2014.  Because the auditors have issued a going concern opinion, there is substantial uncertainty the Company will continue operations in which case investors could lose their investments.  The auditors have issued a going concern opinion. This means that there is substantial doubt that the Company can continue as an ongoing business for the next 12 months. The financial statements do not include any adjustments that might result from the uncertainty about the ability to continue the business.

 

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. There are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

10
 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

 

The following discussion should be read in conjunction with our unaudited financial statements and the notes thereto.

 

Forward-Looking Statements

 

This quarterly report contains forward-looking statements and information relating to us that are based on the beliefs of our management as well as assumptions made by, and information currently available to, our management. When used in this report, the words "believe," "anticipate," "expect," "estimate," “intend”, “plan” and similar expressions, as they relate to us or our management, are intended to identify forward-looking statements. These statements reflect management's current view of us concerning future events and are subject to certain risks, uncertainties and assumptions, including among many others: a general economic downturn; a downturn in the securities markets; federal or state laws or regulations having an adverse effect on proposed transactions that we desire to effect; Securities and Exchange Commission regulations which affect trading in the securities of "penny stocks,"; and other risks and uncertainties. Should any of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report as anticipated, estimated or expected. The accompanying information contained in this registration statement, including, without limitation, the information set forth under the heading “Management’s Discussion and Analysis or Plan of Operation -- Risk Factors" identifies important additional factors that could materially adversely affect actual results and performance. You are urged to carefully consider these factors. All forward-looking statements attributable to us are expressly qualified in their entirety by the foregoing cautionary statement.

 

Overview

 

Plan of Operation

 

The Company has been engaged since 2004 in the business of asset management and sales of high-end computerized networking equipment to emerging high technology companies.  The focus of the Company’s business is to facilitate the liquidation of high-end networking equipment and information technology assets by businesses which are ceasing operations and to resell these assets to evolving technology companies at a fraction of the original cost.   In this respect, the Company provides a valuable service to both the financial stakeholders of the selling businesses and the purchasers.

 

Results of Operations for Fiscal Quarter Ended June 30, 2014 Compared To June 30, 2013

 

During the second fiscal quarter of 2014, we incurred a net loss of $2,598 on revenues of $-0- compared to a net income of $653 on revenues of $4,339 in the second fiscal quarter of 2013. Selling, general and administrative expenses in the second quarter of 2014 were $2,598 compared to $2,886 in the second quarter of 2013.  We paid no rent or salaries during the quarter.

 

Results of Operations for Six Months Ended June 30, 2014 Compared To June 30, 2013

 

During the six months ended June 30, 2014, we incurred a net loss of $11,455 on revenues of $-0- compared to a net loss of $3,995 on revenues of $24,21 in the six months ended June 30, 2013. Selling, general and administrative expenses in the first six months of 2014 were $10,655 compared to $12,068 in the first six months of 2013.  We paid no rent or salaries during the period.

 

Liquidity and Capital Resources

 

We had $3,134 cash on hand at the end of the second quarter of 2014 and total current assets of $4,559.  Since inception, we have accumulated a deficit of $715,021. As of June 30, 2014 we had total liabilities of $43,035 and a negative net working capital of $38,476.

 

11
 

 

The potential exists that our available capital resources may not be adequate to fund our working capital requirements based upon our present level of operations for the 12-month period subsequent to January 1, 2014. A shortage of capital would affect our ability to fund our working capital requirements. If we require additional capital, funds may not be available on acceptable terms, if at all. In addition, if we raise additional capital through the sale of equity or convertible debt securities, the issuance of these securities could dilute existing shareholders. If funds are not available, this could materially adversely affect our financial condition and results of operations.

 

Historically, we have depended on loans from our principal shareholders and their families and acquaintances to provide us with working capital as required. We do not have any credit facilities or other commitments for debt or equity financing. No assurance can be given that financing, when needed, will be available. To date, we have had discussions with potential sources of additional funding, however, the Company does not currently have any firm commitment with respect thereto.  None of our shareholders is obligated to make any loans or advances to us and there can be no assurance that any of our shareholders will continue making loans or advances to us in the future.

 

To meet commitments that are greater than 12 months in the future, we will have to operate our business in such a manner as produce positive cash flow and enhance our exposure in the market. There does not currently appear to be any other viable source of long-term financing except that management may consider various sources of debt and/or equity financing if same can be obtained on terms deemed reasonable to management.

 

Going Concern.  Our independent auditors have added an explanatory paragraph to their audit issued in connection with the financial statements for the period ended December 31, 2013, relative to our ability to continue as a going concern.  The Company has suffered net losses and, as of June 30, 2014, its total liabilities exceeded its total assets by $38,476.  We had negative working capital of $38,476 as of June 30, 2014, we had an accumulated deficit of $715,021 incurred through such date and recorded a net loss of $2,598 for the fiscal quarter ended June 30, 2014.  Because our auditors have issued a going concern opinion, there is substantial uncertainty we will continue operations in which case you could lose your investment.  Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an ongoing business for the next 12 months. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business.

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

 

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an  evaluation  of  our  disclosure  controls  and procedures, as such term  is defined under  Rule  13a-15(e)  and  Rule 15d- 15(e)  promulgated  under  the Securities Exchange Act of 1934, as amended  (Exchange  Act),  as  of June 30, 2014.  Based on this evaluation, our principal executive officer and principal financial officer  have  concluded that our disclosure controls and procedures are effective to ensure that  information required to be disclosed by us in the reports  we file or submit under  the  Exchange  Act  is  recorded,  processed, summarized,  and  reported  within the time periods specified in the Securities and Exchange Commission's rules  and forms and that our disclosure and controls are designed to ensure that information required  to  be disclosed by us in the reports that we file or submit under  the  Exchange  Act  is   accumulated  and communicated  to  our management, including our principal executive officer and principal  financial  officer,  or  persons performing  similar  functions,  as appropriate to allow timely decisions regarding required disclosure.

 

12
 

 

Changes in Internal Control Over Financial Reporting

 

There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the second quarter of fiscal 2014 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1.LEGAL PROCEEDINGS

 

There are no legal proceedings which are pending or have been threatened against us or any of our officers, directors or control persons of which management is aware.

 

ITEM 1(A)RISK FACTORS

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES

 

None.

 

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4.MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5.OTHER INFORMATION

 

None.

 

ITEM 6.EXHIBITS

 

Exhibit No.   Description
     
31.1   Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2   Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1   Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2   Certification of Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   XBRL Taxonomy Extension definition Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

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SIGNATURES

 

In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

Date:  August 14, 2014    
  INTELLIGENT BUYING, INC.
     
  By: /s/ Eugene Malobrodsky
  Eugene Malobrodsky
  Chief Executive Officer

 

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EXHIBIT INDEX

 

Exhibit No.   Description
     
31.1   Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2   Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1   Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2   Certification of Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   XBRL Taxonomy Extension definition Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

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