0001294606-13-000128.txt : 20130523 0001294606-13-000128.hdr.sgml : 20130523 20130522175809 ACCESSION NUMBER: 0001294606-13-000128 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130523 DATE AS OF CHANGE: 20130522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Neologic Animation Inc CENTRAL INDEX KEY: 0001371310 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-52747 FILM NUMBER: 13865991 BUSINESS ADDRESS: STREET 1: JINDI GARDEN, BOYAGE STREET 2: XIHU DISTRICT, HANGZOU CITY: ZHEJIANG STATE: F4 ZIP: 00000000 BUSINESS PHONE: 011 86 1358 841 1118 MAIL ADDRESS: STREET 1: JINDI GARDEN, BOYAGE STREET 2: XIHU DISTRICT, HANGZOU CITY: ZHEJIANG STATE: F4 ZIP: 00000000 FORMER COMPANY: FORMER CONFORMED NAME: Narnia Corp. DATE OF NAME CHANGE: 20120123 FORMER COMPANY: FORMER CONFORMED NAME: China Forest Energy Corp. DATE OF NAME CHANGE: 20101229 FORMER COMPANY: FORMER CONFORMED NAME: Henix Resources Inc. DATE OF NAME CHANGE: 20060802 10-Q/A 1 neologic-form10qaq1march3113.htm NEOLOGIC ANIMATION INC. - AMENDED QUARTERLY REPORT FOR THE PERIOD ENDED MARCH 31, 2013 neologic-form10qaq1march3113.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

Amendment No. 1

(Mark One)

 

[X]

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

 

For the quarterly period ended

March 31, 2013

 

 

or

 

[  ]

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

 

For the transition period from

 

to

 

 

Commission File Number

000-52747

 

NEOLOGIC ANIMATION INC.

 

(Exact name of registrant as specified in its charter)

 

Nevada

 

N/A

 

(State or other jurisdiction of incorporation or organization)

 

(IRS Employer Identification No.)

 

Jindi Garden, Boyage, Xihu District, Hangzhou, Zhejian, P.R. China

N/A

 

(Address of principal executive offices)

(Zip Code)

 

011 86 1358 841 1118

 

(Registrant’s telephone number, including area code)

 

N/A

 

(Former name, former address and former fiscal year, if changed since last report)

 

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.

 

[X]

YES

[  ]

NO

 

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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  

 

 

[ ]

YES

[X]

NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small 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

[X]

NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.

 

 

[  ]

YES

[  ]

NO

APPLICABLE ONLY TO CORPORATE ISSUERS

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

162,729,000 common shares issued and outstanding as of May 20, 2013.

 

                                             

 

 

EXPLANATORY NOTE

Our company is filing this Amendment No. 1 on Form 10-Q/A (the “Amendment”) to our quarterly report on Form 10-Q for the period ended March 31, 2013 (the “Form 10-Q”), filed with the Securities and Exchange Commission on May 20, 2013 (the “Original Filing Date”), to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from our Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):

101.INS

XBRL Instance Document

101.SCH

XBRL Taxonomy Schema

101.CAL

XBRL Taxonomy Calculation Linkbase

101.DEF

XBRL Taxonomy Definition Linkbase

101.LAB

XBRL Taxonomy Label Linkbase

101.PRE

XBRL Taxonomy Presentation Linkbase

  

This Amendment speaks as of the Original Filing Date, does not reflect events that may have occurred subsequent to the Original Filing Date, and does not modify or update in any way disclosures made in the Form 10-Q.  

Pursuant to Rule 406T of Regulation S-T, the interactive data files attached as Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the certifications required pursuant to the rules promulgated under the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which were included as exhibits to the Original Report, have been amended, restated and re-executed as of the date of this Amendment No. 1 and are included as Exhibits 31.1 and 32.1 hereto. 

 

 

 

 

 

 

2


 

 

Item 6.           Exhibits

Exhibit No.

Description

(3)

Articles of Incorporation and Bylaws     

3.1

Articles of Incorporation (incorporated by reference to our Registration Statement on Form SB-2 filed on August 17, 2006)

3.2

Bylaws (incorporated by reference to our Registration Statement on Form SB-2 filed on August 17, 2006)

3.3

Articles of Merger (incorporated by reference to our Current Report on Form 8-K filed on December 23, 2010)

3.4

Certificate of Change (incorporated by reference to our Current Report on Form 8- K filed on December 23, 2010)

3.5

Articles of Merger (incorporated by reference to our current report on Form 8-K filed on May 16, 2012)

(10)

Material Contracts  

10.1

Share Exchange Agreement dated May 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 16, 2012)

10.2

Xuerun Consulting Services Agreement dated July 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 18, 2012)

10.3

Xuerun Business Operating Agreement dated July 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 18, 2012)

10.4

Xuerun Equity Pledge Agreement dated July 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 18, 2012)

10.5

Xuerun Exclusive Option Agreement dated July 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 18, 2012)

10.6

Xuerun Voting Rights Proxy Agreement dated July 7, 2011 (incorporated by reference to our current report on Form 8-K filed on May 18, 2012)

(14)

Code of Ethics  

14.1

Code of Ethics (incorporated by reference to our Annual Report on Form 10-KSB filed on July 30, 2007)

(21)

List of Subsidiaries

21.1

Full East International Limited, a British Virgin Islands company

21.2

Hangzhou Naniya Technology Co. Ltd., a People's Republic of China company, wholly owned by Full East International Limited

21.3

Hangzhou Xuerun Education & Technology Ltd. a People's Republic of China Company of which Full East holds a controlling contractual interest

(31)

Rule 13a-14(a)/15d-14(a) Certifications  

31.1*

Section 302 Certification under Sarbanes-Oxley Act of 2002 of Principal Executive Officer.

31.2*

Section 302 Certification under Sarbanes-Oxley Act of 2002 of Principal Financial Officer and Principal Accounting Officer.

 

 
 
 

3


 

 

        (32)

Section 1350 Certifications  

      32.1*

Section 906 Certification under Sarbanes-Oxley Act of 2002 of Principal Executive Officer.

      32.2*

Section 906 Certification under Sarbanes-Oxley Act of 2002 of Principal Financial Officer and Principal Accounting Officer.

     101**

Interactive Data Files

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

*      Filed herewith

**   Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

 

 

 

 

 

 

 

 

 

 

 

 

 

4


 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

 

 

NEOLOGIC ANIMATION INC.

 

 

(Registrant)

Dated: May 23, 2013

 

 /s/ Hongxiao Zhang

 

 

Hongxiao Zhang

 

 

President, Chief Executive Officer, Secretary, Treasurer and Director

 

 

(Principal Executive Officer)

Dated: May 23, 2013

 

 /s/ Xu Yongbiao

 

 

Xu Yongbiao

 

 

Chief Financial Officer

 

 

(Principal Financial Officer and Principal Accounting Officer)

 

 

 

 

 

 

 

 

 

 

 

 

5


EX-31 2 exhibit311.htm SECTION 302 CERTIFICATION UNDER SARBANES-OXLEY ACT OF 2002 OF PRINCIPAL EXECUTIVE OFFICER exhibit311.htm - Generated by SEC Publisher for SEC Filing

EXHIBIT 31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Hongxiao Zhang, certify that:

1.             I have reviewed this quarterly report on Form 10-Q/A of Neologic Animation 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 the 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:  May 23, 2013

 

/s/ Hongxiao Zhang

Hongxiao Zhang

President, Chief Executive Officer, Secretary, Treasurer and Director

(Principal Executive Officer)


 


EX-31 3 exhibit312.htm SECTION 302 CERTIFICATION UNDER SARBANES-OXLEY ACT OF 2002 OF PRINCIPAL FINANCIAL OFFICER AND PRINCIPAL ACCOUNTING OFFICER exhibit312.htm - Generated by SEC Publisher for SEC Filing

EXHIBIT 31.2

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Xu Yongbiao, certify that:

1.             I have reviewed this quarterly report on Form 10-Q/A of Neologic Animation 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 the 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:  May 23, 2013

 

/s/ Xu Yongbiao

Xu Yongbiao

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)


 


EX-32 4 exhibit321.htm SECTION 906 CERTIFICATION UNDER SARBANES-OXLEY ACT OF 2002 OF PRINCIPAL EXECUTIVE OFFICER exhibit321.htm - Generated by SEC Publisher for SEC Filing

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Hongxiao Zhang, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)           the Quarterly Report on Form 10-Q/A of Neologic Animation Inc.  for the period ended March 31, 2013 (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 results of operations of Neologic Animation Inc.

 

Dated: May 23, 2013

 

 

 

 

 

 

 

 

 

 

/s/ Hongxiao Zhang

 

 

 

 

Hongxiao Zhang

 

 

President, Chief Executive Officer, Secretary,
Treasurer and Director

(Principal Executive Officer)

 

 

Neologic Animation Inc.

 

 

 

 

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Neologic Animation Inc. and will be retained by Neologic Animation Inc.  and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 

 


 

EX-32 5 exhibit322.htm SECTION 906 CERTIFICATION UNDER SARBANES-OXLEY ACT OF 2002 OF PRINCIPAL FINANCIAL OFFICER AND PRINCIPAL ACCOUNTING OFFICER exhibit322.htm - Generated by SEC Publisher for SEC Filing

EXHIBIT 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Xu Yongbiao, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)           the Quarterly Report on Form 10-Q/A of Neologic Animation Inc. for the period ended March 31, 2013 (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 results of operations of Neologic Animation Inc.

 

Dated: May 23, 2013

 

 

 

 

 

 

 

 

 

 

/s/ Xu Yongbiao

 

 

 

 

Xu Yongbiao

 

 

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

 

 

Neologic Animation Inc.

 

 

 

 

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Neologic Animation Inc. and will be retained by Neologic Animation Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 

 

 

 


 

EX-101.INS 6 nani-20130331.xml XBRL INSTANCE DOCUMENT 0001371310 2013-03-31 0001371310 2012-12-31 0001371310 2013-01-01 2013-03-31 0001371310 2012-01-01 2012-03-31 0001371310 2011-05-04 2013-03-31 0001371310 2011-12-31 0001371310 2012-03-31 0001371310 2013-05-20 iso4217:USD iso4217:USD xbrli:shares xbrli:shares 94853 94906 94853 94906 47813 41417 685 685 166900 166900 21000 21000 236398 230002 236398 230002 0 0 1850 1850 -5763 -9685 67 67 50000 50000 87699 77328 -141545 -135096 94853 94906 0.00001 0.00001 100000000 100000000 0 0 0 0 0.00001 0.00001 400000000 400000000 185000000 185000000 185000000 185000000 0 0 0 6237 14 75799 -6237 -14 -75799 38 67 4172 11967 -4134 -11900 -10371 -14 -87699 1 67 -10371 -13 -87632 0.00 0.00 185000000 85000000 2250 8250 1672 5657 6396 26847 -53 -14 -46945 8 685 124400 16646 8 141731 1 67 -53 -5 94853 1976 1971 0 0 0 0 0 0 20966 42500 21000 Neologic Animation Inc. 10-Q --12-31 162729000 false 0001371310 Yes No Smaller Reporting Company No 2013 Q1 2013-03-31 <p style="MARGIN: 0in 0in 10pt"> <b><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">NOTE 1 &#8211; NATURE OF OPERATIONS</font></b> </p><br/><p style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"> <font style="font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Neologic Animation Inc. (&#8220;Neologic&#8221; or the &#8220;Company&#8221;) was incorporated in the State of Nevada on January 26, 2006. The Company is a Development Stage Company. The Company&#8217;s principal business is an educational software company in the People&#8217;s Republic of China.&#160; The Company is focused in educational software development and marketing company; currently developing a website to be marketed as &#8220;Naniya World&#8221; for primary school students in China.&#160; The website&#8217;s goal is to educate children on how to develop and hone their creative skills through interactive educational games that incorporate Adobe Flash. The games incorporate a curriculum that has been developed by some of China&#8217;s top professors and child psychology experts. It sets itself apart from other after school programs in China because it deviates from the traditional methods of Chinese education.&#160; The Company&#8217;s mission is to inspire every child in China to become the best student they can possibly be by showing them that learning is fun. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2012 as reported in the Form 10-K have been omitted.</font> </p><br/> <p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <b><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">NOTE 2 &#8211; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b> </p><br/><p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Basis of Presentation</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company&#8217;s fiscal year-end is&#160;December 31.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Use of Estimates</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">The preparation of financial statements in conformity with U.S. 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. The Company regularly evaluates estimates and assumptions related to donated expenses and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company&#8217;s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Earnings (Loss) Per Common Share</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method for options and warrants and the if-converted method for convertible preferred stock and convertible debt. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company currently does not have any dilutive financial instruments outstanding.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Cash and Cash Equivalents</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Foreign Currency Translation</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">The Company&#8217;s functional and reporting currency is the United States dollar. Occasional transactions may occur in a foreign currency. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US" color="black">Income Taxes</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US" color="black">Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Recent Accounting Pronouncements</font></u> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US" color="black">The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant effect on its financial position or results of operations.</font> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <u><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">Subsequent Events</font></u> </p><br/><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US" color="black">The Company evaluated subsequent events through the date the financial statements were issued for disclosure consideration.</font> </p><br/> <p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <b><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">NOTE 3 &#8211; GOING CONCERN</font></b> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; letter-spacing: -0.1pt; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. Since inception, the Company has not generated revenues and has not paid any dividends and is unlikely to either pay dividends or generate revenues in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing,</font> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">the Company&#8217;s success in acquiring interests in properties that have economically recoverable reserves,</font> <font style="line-height: normal; letter-spacing: -0.1pt; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">and the attainment of profitable operations. As at</font> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">March&#160;31, 2013</font><font style="line-height: normal; letter-spacing: -0.1pt; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">, t</font><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">he Company has a working capital deficit, generated no revenues since inception, and has an accumulated deficit totaling $87,699 since inception. These factors raise substantial doubt regarding the Company&#8217;s ability to continue as a going concern. T</font><font style="line-height: normal; letter-spacing: -0.1pt; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">hese financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</font> </p><br/> 87699 <p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 10pt"> <b><font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">NOTE 4 &#8211; RELATED PARTY TRANSACTIONS</font></b> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">As of March 31, 2013 and December 31, 2012, the Company was indebted to a current director and a current officer in the amount of $21,000, respectively, representing cash advances and expenses paid on behalf of the Company. The balances consist of advances that are non-interest bearing, unsecured and due on demand.</font> </p><br/><p style="MARGIN: 0in 0in 0pt"> <font style="line-height: normal; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">During the quarter ended March 31, 2013, the Company recognized $2,250 for donated rent and services. This amount&#160;was charged to operations and recorded as additional paid-in capital.</font> </p><br/> 21000 2250 <p style="MARGIN: 0in 0in 10pt"> <b><font style="line-height: 115%; font-size: 10pt; font-family: Times New Roman;" lang="EN-US">NOTE 5 &#8211; NOTES PAYABLE</font></b> </p><br/><p style="MARGIN: 0in 0in 10pt"> <font style="LINE-HEIGHT: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt" lang="EN-US">As of March 31, 2013, the Company had non-interest bearing loans totaling $166,900. These loans are unsecured and due on demand. The Company recorded imputed interest in the amount of $1,672 on these non-interest bearing loans and recorded as additional paid-in capital.</font> </p><br/> 166900 1672 EX-101.SCH 7 nani-20130331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 001 - Statement - Neologic Animation Inc. - Balance Sheet (unaudited) link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Neologic Animation Inc. - Balance Sheet (unaudited) (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Neologic Animation Inc. - Statement of Operations and Comprehensive Loss (Unaudited) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Neologic Animation Inc. - Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Disclosure - NOTE 1 - NATURE OF OPERATIONS link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - NOTE 3 - GOING CONCERN link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - NOTE 4 - RELATED PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - NOTE 5 - NOTES PAYABLE link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - NOTE 3 - GOING CONCERN (Detail) link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - NOTE 4 - RELATED PARTY TRANSACTIONS (Detail) link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - NOTE 5 - NOTES PAYABLE (Detail) link:presentationLink link:definitionLink link:calculationLink 000 - Disclosure - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 nani-20130331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 nani-20130331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 nani-20130331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT EX-101.PRE 11 nani-20130331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 4 - RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2013
Related Party Transactions Disclosure [Text Block]

NOTE 4 – RELATED PARTY TRANSACTIONS


As of March 31, 2013 and December 31, 2012, the Company was indebted to a current director and a current officer in the amount of $21,000, respectively, representing cash advances and expenses paid on behalf of the Company. The balances consist of advances that are non-interest bearing, unsecured and due on demand.


During the quarter ended March 31, 2013, the Company recognized $2,250 for donated rent and services. This amount was charged to operations and recorded as additional paid-in capital.


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NOTE 3 - GOING CONCERN
3 Months Ended
Mar. 31, 2013
Going Concern Note

NOTE 3 – GOING CONCERN


These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. Since inception, the Company has not generated revenues and has not paid any dividends and is unlikely to either pay dividends or generate revenues in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing, the Company’s success in acquiring interests in properties that have economically recoverable reserves, and the attainment of profitable operations. As at March 31, 2013, the Company has a working capital deficit, generated no revenues since inception, and has an accumulated deficit totaling $87,699 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Neologic Animation Inc. - Balance Sheet (unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 94,853 $ 94,906
Total assets 94,853 94,906
Current liabilities    
Accounts payable and accrued expenses 47,813 41,417
Due to related parties 685 685
Short-term loan - third party 166,900 166,900
Short-term loan - related party 21,000 21,000
Total current liabilities 236,398 230,002
Total liabilities 236,398 230,002
Preferred stock, $0.00001 par value, 100,000,000 shares    
authorized, none issued and outstanding 0 0
185,000,000 shares issued and outstanding    
at March 31, 2013 and December 31, 2012, respectively 1,850 1,850
Additional paid-in deficit (5,763) (9,685)
Accumulated other comprehensive income 67 67
Subscription receivable (50,000) (50,000)
Accumulated deficit (87,699) (77,328)
Total stockholders' deficit (141,545) (135,096)
Total liabilities & stockholders' deficit $ 94,853 $ 94,906
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 1 - NATURE OF OPERATIONS
3 Months Ended
Mar. 31, 2013
Nature of Operations [Text Block]

NOTE 1 – NATURE OF OPERATIONS


Neologic Animation Inc. (“Neologic” or the “Company”) was incorporated in the State of Nevada on January 26, 2006. The Company is a Development Stage Company. The Company’s principal business is an educational software company in the People’s Republic of China.  The Company is focused in educational software development and marketing company; currently developing a website to be marketed as “Naniya World” for primary school students in China.  The website’s goal is to educate children on how to develop and hone their creative skills through interactive educational games that incorporate Adobe Flash. The games incorporate a curriculum that has been developed by some of China’s top professors and child psychology experts. It sets itself apart from other after school programs in China because it deviates from the traditional methods of Chinese education.  The Company’s mission is to inspire every child in China to become the best student they can possibly be by showing them that learning is fun. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2012 as reported in the Form 10-K have been omitted.


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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Mar. 31, 2013
Significant Accounting Policies [Text Block]

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation


These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31.


Use of Estimates


The preparation of financial statements in conformity with U.S. 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. The Company regularly evaluates estimates and assumptions related to donated expenses and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.


Earnings (Loss) Per Common Share


Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method for options and warrants and the if-converted method for convertible preferred stock and convertible debt. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company currently does not have any dilutive financial instruments outstanding.


Cash and Cash Equivalents


The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.


Foreign Currency Translation


The Company’s functional and reporting currency is the United States dollar. Occasional transactions may occur in a foreign currency. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.


Income Taxes


Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.


Recent Accounting Pronouncements


The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant effect on its financial position or results of operations.


Subsequent Events


The Company evaluated subsequent events through the date the financial statements were issued for disclosure consideration.


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Neologic Animation Inc. - Balance Sheet (unaudited) (Parentheticals) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Preferred stock, $0.00001 par value (in Dollars per share) $ 0.00001 $ 0.00001
Preferred stock, shares authorized 100,000,000 100,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value (in Dollars per share) $ 0.00001 $ 0.00001
Common stock, shares authorized 400,000,000 400,000,000
Common stock, shares issued 185,000,000 185,000,000
Common stock, shares outstanding 185,000,000 185,000,000
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Document And Entity Information
3 Months Ended
Mar. 31, 2013
May 20, 2013
Document and Entity Information [Abstract]    
Entity Registrant Name Neologic Animation Inc.  
Document Type 10-Q  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   162,729,000
Amendment Flag false  
Entity Central Index Key 0001371310  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Filer Category Smaller Reporting Company  
Entity Well-known Seasoned Issuer No  
Document Period End Date Mar. 31, 2013  
Document Fiscal Year Focus 2013  
Document Fiscal Period Focus Q1  
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Neologic Animation Inc. - Statement of Operations and Comprehensive Loss (Unaudited) (USD $)
3 Months Ended 23 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Revenue $ 0 $ 0 $ 0
Operating expenses      
General and administrative 6,237 14 75,799
Operating loss (6,237) (14) (75,799)
Other income (expenses):      
Interest income 38   67
Interest expense (4,172)   (11,967)
Total other expenses (4,134)   (11,900)
Net loss (10,371) (14) (87,699)
Other Comprehensive Income      
Foreign currency translation   1 67
Total comprehensive loss $ (10,371) $ (13) $ (87,632)
Earnings per common share - basic and diluted (in Dollars per share) $ 0.00 $ 0.00  
Weighted-average common shares outstanding, basic and diluted (in Dollars per share) $ 185,000,000 $ 85,000,000  
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NOTE 4 - RELATED PARTY TRANSACTIONS (Detail) (USD $)
3 Months Ended
Mar. 31, 2013
Related Party Transaction, Amounts of Transaction $ 21,000
$ 2,250
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NOTE 3 - GOING CONCERN (Detail) (USD $)
Mar. 31, 2013
Retained Earnings (Accumulated Deficit) $ 87,699
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NOTE 5 - NOTES PAYABLE (Detail) (USD $)
3 Months Ended
Mar. 31, 2013
Notes Payable, Current $ 166,900
Interest Expense, Borrowings $ 1,672
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Neologic Animation Inc. - Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 23 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash Flows From Operating Activities      
Net loss $ (10,371) $ (14) $ (87,699)
Adjustments to reconcile net loss to net cash used in operating activities      
Donated rent and services 2,250   8,250
Imputed interest 1,672   5,657
Changes in operating assets and liabilities:      
Accounts payable 6,396   26,847
Net cash used in operating activities (53) (14) (46,945)
Cash Flows From Financing Activities      
Advances from (repayment to) related party   8 685
Proceeds from notes payable     124,400
Cash contributions from shareholders     16,646
Net cash provided by financing activities   8 141,731
Effect of exchange rate changes on cash   1 67
Net increase (decrease) in cash and cash equivalents (53) (5) 94,853
Cash and cash equivalents, beginning of period 94,906 1,976  
Cash and cash equivalents, end of period 94,853 1,971 94,853
Supplemental information:      
Income tax paid 0 0 0
Interest paid 0 0 0
Non-cash investing and financing activities:      
Shares issued under reverse merger for assumption of accounts payable     20,966
Shares issued under reverse merger for assumption of notes payable     42,500
Shares issued under reverse merger for assumption of notes payable – related party     $ 21,000
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NOTE 5 - NOTES PAYABLE
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Text Block]

NOTE 5 – NOTES PAYABLE


As of March 31, 2013, the Company had non-interest bearing loans totaling $166,900. These loans are unsecured and due on demand. The Company recorded imputed interest in the amount of $1,672 on these non-interest bearing loans and recorded as additional paid-in capital.


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