-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FEMgkoJ/5i5gl0OXyKdYitwHpzFIAauTdCu8STutRnI/Zv/sFEXTlb1fCTkESNw6 DvOLur9lIBzf8CuAlI0hqw== 0001165527-08-000180.txt : 20080402 0001165527-08-000180.hdr.sgml : 20080402 20080402102652 ACCESSION NUMBER: 0001165527-08-000180 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20080229 FILED AS OF DATE: 20080402 DATE AS OF CHANGE: 20080402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DoMar Exotic Furnishings Inc. CENTRAL INDEX KEY: 0001365160 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] IRS NUMBER: 204647578 STATE OF INCORPORATION: NV FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-136247 FILM NUMBER: 08731595 BUSINESS ADDRESS: STREET 1: 1624 TIOGA TRAIL CITY: WINTER PARK STATE: FL ZIP: 32789 BUSINESS PHONE: 407 448 0100 MAIL ADDRESS: STREET 1: 1624 TIOGA TRAIL CITY: WINTER PARK STATE: FL ZIP: 32789 10-Q 1 g2286.txt QTRLY REPORT FOR THE QTR ENDED 2-29-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED FEBRUARY 29, 2008 Commission file number 333-136247 DOMAR EXOTIC FURNISHINGS INC. (Exact name of registrant as specified in its charter) NEVADA (State or other jurisdiction of incorporation or organization) 1624 Tioga Trail Winter Park, FL 32789 (Address of principal executive offices, including zip code.) (407)650-2723 (Telephone number, including area code) Joseph I. Emas 1224 Washington Avenue Miami Beach, FL 33139 Phone: (305)531-1174 Fax: (305)531-1274 (Name, address and telephone number of agent for service) 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 (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 last 90 days. YES [X] 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," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. 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 [ ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 2,000,000 shares as of February 29, 2008 ITEM 1. FINANCIAL STATEMENTS CHANG G. PARK, CPA, PH. D. * 371 E STREET * CHULA VISTA * CALIFORNIA 91910-2615* * TELEPHONE (858) 722-5953 * FAX (858) 761-0341 * FAX (858) 764-5480 * E-MAIL changgpark@gmail.com * Report of Independent Registered Public Accounting Firm To the Board of Directors of DoMar Exotic Furnishings Inc. (A Development Stage Company) We have reviewed the accompanying balance sheet of DoMar Exotic Furnishings Inc. (A Development Stage "Company") as of February 29, 2008, and the related statements of operation, changes in stockholders' equity (deficit), and cash flows for the nine months ended February 29, 2008 and for the period from March 30, 2006 (inception) through February 29, 2008. These financial statements are the responsibility of the Company's management. We conducted our review in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the financial statements referred to above for them to be in conformity with generally accepted accounting principles. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Because of the Company's current status and limited operations there is substantial doubt about its ability to continue as a going concern. Management's plans in regard to its current status are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/ Chang G. Park - ---------------------------- Chang G. Park, CPA Chula Vista, CA 91910 March 9, 2008 Member of the California Society of Certified Public Accountants Registered with the Public Company Accounting Oversight Board 2 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Balance Sheets - --------------------------------------------------------------------------------
As of As of February 29, May 31, 2008 2007 -------- -------- (Unaudited) ASSETS CURRENT ASSETS Cash $ 31,742 $ 40,672 Prepaid Expense -- 1,200 Inventory 1,381 1,232 -------- -------- TOTAL CURRENT ASSETS 33,123 43,104 FIXED ASSETS Office Equipment 251 296 -------- -------- TOTAL FIXED ASSETS 251 296 -------- -------- $ 33,374 $ 43,400 ======== ======== LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES Accounts Payable -- -- Due a Director 300 1,200 -------- -------- TOTAL CURRENT LIABILITIES 300 1,200 -------- -------- TOTAL LIABILITIES 300 1,200 STOCKHOLDERS' EQUITY (DEFICIT) Common stock, ($0.001 par value, 75,000,000 shares authorized; 2,000,000 shares issued and outstanding as of February 29, 2008 and May 31, 2007) 2,000 2,000 Additional paid-in capital 53,000 53,000 Deficit accumulated during development stage (21,926) (12,800) -------- -------- TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 33,074 42,200 -------- -------- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) $ 33,374 $ 43,400 ======== ========
See Notes to Financial Statements 3 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Statements of Operations (Unaudited) - --------------------------------------------------------------------------------
March 30, 2006 Nine Months Nine Months Three Months Three Months (inception) Ended Ended Ended Ended through February 29, February 28, February 29, February 28, February 29, 2008 2007 2008 2007 2008 ---------- ---------- ---------- ---------- ---------- REVENUES Revenues $ -- $ -- $ -- $ -- $ -- ---------- ---------- ---------- ---------- ---------- TOTAL REVENUES -- -- -- -- -- OPERATING COSTS Professional Fees 6,125 5,900 1,625 3,900 13,525 Administrative Expenses 3,001 3,628 965 915 8,401 ---------- ---------- ---------- ---------- ---------- TOTAL OPERATING COSTS 9,126 9,528 2,590 4,815 21,926 ---------- ---------- ---------- ---------- ---------- NET INCOME (LOSS) $ (9,126) $ (9,528) $ (2,590) $ (4,815) $ (21,926) ========== ========== ========== ========== ========== BASIC EARNINGS (LOSS) PER SHARE $ (0.00) $ (0.01) $ (0.00) $ (0.00) ========== ========== ========== ========== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 2,000,000 1,000,000 2,000,000 1,000,000 ========== ========== ========== ==========
See Notes to Financial Statements 4 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Statement of Changes in Stockholders' Equity (Unaudited) From March 30, 2006 (Inception) through February 29, 2008 - --------------------------------------------------------------------------------
Deficit Accumulated Common Additional During Common Stock Paid-in Development Stock Amount Capital Stage Total ----- ------ ------- ----- ----- BALANCE, MARCH 30, 2006 -- $ -- $ -- $ -- $ -- Stock issued for cash on March 30, 2006 @ $0.005 per share 1,000,000 1,000 4,000 5,000 Net loss, May 31, 2006 (340) (340) ---------- ------- -------- --------- -------- BALANCE, MAY 31, 2006 1,000,000 1,000 4,000 (340) 4,660 ========== ======= ======== ========= ======== Stock issued for cash on March 9, 2007 @ $0.05 per share 1,000,000 1,000 49,000 50,000 Net loss, May 31, 2007 (12,460) (12,460) ---------- ------- -------- --------- -------- BALANCE, MAY 31, 2007 2,000,000 2,000 53,000 (12,800) 42,200 ========== ======= ======== ========= ======== Net loss, February 29, 2008 (9,126) (9,126) ---------- ------- -------- --------- -------- BALANCE, FEBRUARY 29, 2008 2,000,000 $ 2,000 $ 53,000 $ (21,926) $ 33,074 ========== ======= ======== ========= ========
See Notes to Financial Statements 5 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Statements of Cash Flows (Unaudited) - --------------------------------------------------------------------------------
March 30, 2006 Nine Months Nine Months (inception) Ended Ended through February 29, February 28, February 29, 2008 2007 2008 -------- -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (9,126) $ (9,528) $(21,926) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation expense 45 -- 50 Changes in operating assets and liabilities: (Increase) decrease in Prepaid Expenses 1,200 -- -- (Increase) decrease in Inventory (149) -- (1,381) Increase (decrease) in Accounts Payable -- 2,860 -- Increase (decrease) in Stock Subscriptions Received -- 5,100 -- Increase (decrease) in Due a Director (900) 5,400 300 -------- -------- -------- NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (8,930) 3,832 (22,957) CASH FLOWS FROM INVESTING ACTIVITIES Office Equipment -- -- (301) -------- -------- -------- NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES -- -- (301) CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common stock -- -- 2,000 Additional paid-in capital -- -- 53,000 -------- -------- -------- NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES -- -- 55,000 -------- -------- -------- NET INCREASE (DECREASE) IN CASH (8,930) 3,832 31,742 CASH AT BEGINNING OF PERIOD 40,672 5,000 -- -------- -------- -------- CASH AT END OF PERIOD $ 31,742 $ 8,832 $ 31,742 ======== ======== ======== SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during year for: Interest $ -- $ -- $ -- ======== ======== ======== Income Taxes $ -- $ -- $ -- ======== ======== ========
See Notes to Financial Statements 6 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Notes to Financial Statements February 29, 2008 (Unaudited) NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS DoMar Exotic Furnishings Inc. (A Development Stage "Company") was incorporated under the laws of the State of Nevada on March 30, 2006. The Company was formed to engage in the acquisition and refinishing of aged furniture using exotic materials and then reselling it through interior decorators, high-end consignment shops and online sales. The Company is in the development stage. Its activities to date have been limited to capital formation, organization and development of its business plan and limited operations. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. BASIS OF ACCOUNTING The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a May 31, year-end. B. BASIC EARNINGS PER SHARE In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share. The Company has adopted the provisions of SFAS No. 128 effective March 30, 2006 (inception). Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. C. CASH EQUIVALENTS The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. D. INVENTORY Inventories are stated at the lower of cost or market with cost determined using the first in first out. 7 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Notes to Financial Statements February 29, 2008 (Unaudited) NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) E. USE OF ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. In accordance with FASB 16 all adjustments are normal and recurring. F. INCOME TAXES Income taxes are provided in accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. NOTE 3. GOING CONCERN The accompanying financial statements are presented on a going concern basis. The Company had no operations during the period from March 30, 2006 (inception) to February 29, 2008 and generated a net loss of $21,926. This condition raises substantial doubt about the Company's ability to continue as a going concern. Because the Company is currently in the development stage and has minimal expenses, management believes that the company's current cash of $31,742 is sufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario or until they raise additional funding. NOTE 4. WARRANTS AND OPTIONS There are no warrants or options outstanding to acquire any additional shares of common. 8 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Notes to Financial Statements February 29, 2008 (Unaudited) NOTE 5. RELATED PARTY TRANSACTIONS The Company neither owns nor leases any real or personal property. Beginning June 1, 2006 the Company has paid a director $100 per month for use of office space and services. All officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities as they become available. Thus they may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts. NOTE 6. INCOME TAXES As of February 29, 2008 ----------------------- Deferred tax assets: Net operating tax carryforwards $ 7,455 Other 0 ------- Gross deferred tax assets 7,455 Valuation allowance (7,455) ------- Net deferred tax assets $ 0 ======= Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance. NOTE 7. NET OPERATING LOSSES As of February 29, 2008, the Company has a net operating loss carryforwards of approximately $21,926. Net operating loss carryforward expires twenty years from the date the loss was incurred. NOTE 8. STOCK TRANSACTIONS Transactions, other than employees' stock issuance, are in accordance with paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair value of the consideration received. Transactions with employees' stock issuance are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable. 9 DOMAR EXOTIC FURNISHINGS INC. (A Development Stage Company) Notes to Financial Statements February 29, 2008 (Unaudited) NOTE 8. STOCK TRANSACTIONS (CONTINUED) On March 30, 2006 the Company issued a total of 1,000,000 shares of common stock to two directors for cash at $0.005 per share for a total of $5,000. On March 9, 2007 the Company issued a total of 1,000,000 shares of common stock to 27 unrelated third parties for cash at $0.05 per share for a total of $50,000. As of February 29, 2008 the Company had 2,000,000 shares of common stock issued and outstanding. NOTE 9. STOCKHOLDERS' EQUITY The stockholders' equity section of the Company contains the following class of capital stock as of February 29, 2008: * Common stock, $ 0.001 par value: 75,000,000 shares authorized; 2,000,000 shares issued and outstanding. 10 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. FORWARD LOOKING STATEMENTS Some of the statements contained in this Form 10-Q that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-Q, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors affecting our operations, market growth, services, products and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. All written forward-looking statements made in connection with this Form 10-Q that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements. The safe harbours of forward-looking statements provided by the Securities Litigation Reform Act of 1995 are unavailable to issuers not subject to the reporting requirements set forth under Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended. As we have not registered our securities pursuant to Section 12 of the Exchange Act, such safe harbours set forth under the Reform Act are unavailable to us. RESULTS OF OPERATIONS We are still in our development stage and have generated no revenue to date. We incurred operating expenses of $9,126 and $9,528 for the three-month periods ended February 29, 2008 and February 28, 2007, respectively. These expenses consisted of general and administrative expenses. At February 29, 2008, we had cash on hand of $31,742. At the same date, our total assets were $33,374 and our liabilities were $300 consisting of a loan from our president. Cash provided by financing activities from inception through February 29, 2008 was $55,000, $5,000 resulting from the sale of our common stock to our directors Maureen Doyle Sieck and Scott Sieck, who each purchased 500,000 shares of our Common Stock at $0.005 per share on March 30, 2006 and $50,000 raised pursuant to our offering of 1,000,000 registered shares pursuant to our SB-2 Registration Statement filed with the SEC under file number 333-136247 which became effective on September 25, 2006. The offering was completed and closed on March 9, 2007. 11 The following table provides selected financial data about our company for the period from the date of incorporation through February 29, 2008. Balance Sheet Data: 2/29/08 ------------------- ------- Cash $31,742 Total assets $33,374 Total liabilities $ 300 Shareholders' equity $33,074 Our auditors have expressed their doubt about our ability to continue as a going concern unless we are able to generate profitable operations. LIQUIDITY AND CAPITAL RESOURCES We currently have $31,742 cash in the bank and total assets of $33,374. Management believes that the current cash is sufficient to cover the expenses we will incur during the next twelve months. We currently have no plans to hire additional employees in the next twelve months unless sales are sufficient to cover the cost. PLAN OF OPERATION MILESTONES FOR BUSINESS OPERATIONS The criteria for the future milestones are based on management's estimates only. The number of pieces we plan to have for our inventory and the other projected milestones are approximations only and subject to adjustment based on costs and needs. COMPLETED MILESTONES SEPTEMBER - DECEMBER 2006: We conducted further research into the specialty hides and furniture making production. Maureen Sieck, one of our directors, conducted competitive market research, by visiting trade shows, specialty furniture stores and internet research. Furniture craftsman re-upholsterer was secured for all work to be performed. We registered the domain name www.DomarExotic.com for our corporate website which will be used for future marketing purposes. Web traffic advertising techniques were established for budgetary purposes. Product photographs for our corporate website were secured. Preliminary designs and printing quotes were explored for marketing brochures. Management commenced seeking funding commitments. JANUARY - JUNE 2007: We committed to the purchase of two unique furniture frames, deemed appropriate for rework and upholstery. Primary vendors for the purchase of superior hides were contacted and relations formed. Maureen Sieck expanded our local exposure by sending brochures to specialty home and furniture retailers in our target markets. SB-2 funding was closed on March 9, 2007. The first order of quality hides was placed on March 19th, delivery expected in 5-10 business days. 12 We toured through the mid-Atlantic states to secure new pieces for our inventory and network potential outlets for finished products. Follow-up communication with new and existing customer base was done via e-mail and/or phone. JULY - NOVEMBER 2007: We continued attempts for expansion of wholesale outlets for the custom pieces in Canada and the U.S. through direct marketing and consignment. A follow up trip thru the Atlantic states in late August was conducted to re-enforce and build our product capabilities and name recognition was conducted. Solid relations for future frames and distribution were established. DECEMBER 2007 - FEBRUARY 2008 We conducted further research into the specialty hides and furniture making production. Continued competitive market research, by visiting trade shows, specialty furniture stores. Furniture craftsman re-upholsterer was secured for all work to be performed. Web traffic advertising techniques were established and web advertising accounts were established with Adsonar, Pulse360 and Industry Brains. Management continues to seek additional funding commitments. FUTURE MILESTONES Previous order commitments have weakened, due in part to general overall market conditions and credit restrictions. Management is seeking inventory credit lines to provide floor planned finance capabilities for its committed vendors. The company is seeking a domestic supply of quality hides due in part to the declining exchange rate of the US dollar. Raw inventory costs have risen by 30% in the past 6 months, OFF-BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements. 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 the principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective such that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, particularly during the period when this report was being prepared. 13 Additionally, there were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the evaluation date. We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken. PART II. OTHER INFORMATION ITEM 6. EXHIBITS. The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our original Form SB-2 Registration Statement, filed under SEC File Number 333-136247, at the SEC website at www.sec.gov: Exhibit No. Description ----------- ----------- 3.1 Articles of Incorporation* 3.2 Bylaws* 31.1 Certification pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934 31.2 Certification pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934 32.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 32.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 14 SIGNATURES In accordance with the requirements of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on April xx, 2008. DoMar Exotic Furnishings Inc., Registrant April 1, 2008 By: /s/ Maureen Doyle Sieck ---------------------------------------- Maureen Doyle Sieck, Director, President and Principal Executive Officer April 1, 2008 By: /s/ Scott Sieck ---------------------------------------- Scott Sieck, Director, Treasurer, Chief Financial Officer and Principal Accounting Officer In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. DoMar Exotic Furnishings Inc., Registrant April 1, 2008 By: /s/ Maureen Doyle Sieck ---------------------------------------- Maureen Doyle Sieck, Director, President and Principal Executive Officer April 1, 2008 By: /s/ Scott Sieck ---------------------------------------- Scott Sieck, Director, Treasurer, Chief Financial Officer and Principal Accounting Officer 15 EX-31.1 2 ex31-1.txt CEO SECTION 302 CERTIFICATION Exhibit 31.1 CERTIFICATION I, Maureen Doyle Sieck, certify that: 1. I have reviewed this report on Form 10-Q of DoMar Exotic Furnishings Inc. 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 registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are 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 registrant 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 registrant, 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 registrant'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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant'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 registrant'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 registrant's internal control over financial reporting. Date: April 1, 2008 /s/ Maureen Doyle Sieck - ------------------------------------- Maureen Doyle Sieck President and Chief Executive Officer EX-31.2 3 ex31-2.txt CFO SECTION 302 CERTIFICATION Exhibit 31.2 CERTIFICATION I, Scott Sieck, certify that: 1. I have reviewed this report on Form 10-Q of DoMar Exotic Furnishings Inc. 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 registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are 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 registrant 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 registrant, 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 registrant'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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant'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 registrant'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 registrant's internal control over financial reporting. Date: April 1, 2008 /s/ Scott Sieck - ------------------------------ Scott Sieck Chief Financial Officer EX-32.1 4 ex32-1.txt CEO SECTION 906 CERTIFICATION Exhibit 32.1 CERTIFICATION OF CHIEF 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 Quarterly Report of DoMar Exotic Furnishings Inc. (the "Company") on Form 10-Q for the period ending February 29, 2008 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Maureen Doyle Sieck, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 1st day of April, 2008. /s/ Maureen Doyle Sieck - ----------------------------- Chief Executive Officer EX-32.2 5 ex32-2.txt CFO SECTION 906 CERTIFICATION Exhibit 32.2 CERTIFICATION OF CHIEF FINANCIAL 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 Quarterly Report of DoMar Exotic Furnishings Inc. (the "Company") on Form 10-Q for the period ending February 29, 2008 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Scott Sieck, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. IN WITNESS WHEREOF, the undersigned has executed this certification as of the 1st day of April, 2008. /s/ Scott Sieck - ------------------------------ Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----