-----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, PGecYUUDdiS200dI77m8oe+AYd0EZAH7ue9u1r7hPSt8swLEvb2+CNBik2fqw0nI fahshD3xDnDba49/zs8DnA== 0001165527-08-000711.txt : 20081114 0001165527-08-000711.hdr.sgml : 20081114 20081114143019 ACCESSION NUMBER: 0001165527-08-000711 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081114 DATE AS OF CHANGE: 20081114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Casita Enterprises, Inc. CENTRAL INDEX KEY: 0001398805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 208457250 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53204 FILM NUMBER: 081189938 BUSINESS ADDRESS: STREET 1: 1093 E. MAIN ST.#508 CITY: EL CAJON STATE: CA ZIP: 92021 BUSINESS PHONE: 775-352-4133 MAIL ADDRESS: STREET 1: 1093 E. MAIN ST.#508 CITY: EL CAJON STATE: CA ZIP: 92021 10-Q 1 g2758.txt QTRLY REPORT FOR THE QTR ENDED 9-30-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report under Section 13 or 15 (d) of Securities Exchange Act of 1934 For the Period ended September 30, 2008 Commission File Number 333-147104 Casita Enterprises, Inc. (Exact name of Registrant as specified in its charter) Nevada 20-8457250 (State of Incorporation) (IRS Employer ID Number) 1093 East Main Street, Suite 508 El Cajon, CA 92021 (775) 352-4133 (Address and telephone number of principal executive offices) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. Large accelerated filer [ ] Accelerated Filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] (Do Not Check if a Smaller Reporting Company) Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [ ] The number of registrant's shares of common stock, $0.001 par value, outstanding as of November 12, 2008 was 9,000,000. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CASITA ENTERPRISES INC. (A Development Stage Company) Balance Sheets
September 30, December 31, 2008 2007 -------- -------- ASSETS CURRENT ASSETS Cash $ 4,650 $ 12,087 -------- -------- Total Current Assets 4,650 12,087 -------- -------- TOTAL ASSETS $ 4,650 $ 12,087 ======== ======== LIABILITIES & STOCKHOLDERS' EQUITY LIABILITIES Accounts Payable $ -- $ 2,000 Loan Payable - Director $ 7,645 $ 3,645 -------- -------- TOTAL LIABILITIES $ 7,645 $ 5,645 -------- -------- STOCKHOLDERS' EQUITY Common Stock; 50,000,000 shares authorized; par value $.001; 9,000,000 and 5,000,000 shares issued and outstanding at September 30, 2008 and December 31, 2007 9,000 5,000 Additional Paid-in Capital 27,000 15,000 Deficit accumulated during the Development Stage (38,995) (13,558) -------- -------- TOTAL STOCKHOLDERS' EQUITY (2,995) 6,442 -------- -------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,650 12,087 ======== ========
See accompanying notes to the financial statements 2 CASITA ENTERPRISES INC. (A Development Stage Company) Statements of Operations
February 12, 2007 February 12, 2007 Three months Three months Nine months (Inception) (Inception) ended ended ended through through September 30, September 30, September 30, September 30, September 30, 2008 2007 2008 2007 2008 ---------- ---------- ---------- ---------- ---------- REVENUES Revenues $ -- $ -- $ -- $ -- $ -- ---------- ---------- ---------- ---------- ---------- TOTAL REVENUES -- -- -- -- -- OPERATING EXPENSE Administrative Expense (3,967) (6,803) (25,437) (10,247) (38,995) ---------- ---------- ---------- ---------- ---------- NET (LOSS) $ (3,967) $ (6,803) $ (25,437) $ (10,247) $ (38,995) ========== ========== ========== ========== ========== Basic and Diluted (loss) per share $ (0.00) $ (0.00) $ (0.00) $ (0.00) Weighted average number of common shares outstanding 9,000,000 4,320,652 8,781,022 2,956,522
See accompanying notes to the financial statements 3 CASITA ENTERPRISES INC. (A Development Stage Company) Statements of Cash Flows
February 12,2007 February 12, 2007 Nine months (Inception) (Inception) ended through through September 30, September 30, September 30, 2008 2007 2008 -------- -------- -------- CASH FLOW FROM OPERATING ACTIVITIES Net income (loss) $(25,437) $(10,247) $(38,995) Changes in operating assets & liabilities Loan payable from Director 4,000 3,645 7,645 Accounts Payable (2,000) -- -- -------- -------- -------- Net cash (used in) operating activities (23,437) (6,602) (31,350) CASH FLOW FROM INVESTING ACTIVITIES Net cash provided by (used in) investing activities -- -- -- CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issuance of common stock 16,000 20,000 36,000 -------- -------- -------- Net cash provided by financing activities 16,000 20,000 36,000 Net increase in cash (7,437) 13,398 4,650 Cash at beginning of period 12,087 -- -- -------- -------- -------- Cash at end of period $ 4,650 $ 13,398 $ 4,650 ======== ======== ========
See accompanying notes to the financial statements 4 CASITA ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements September 30, 2008 (Unaudited) NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Casita Enterprises, Inc. (the Company) was incorporated under the laws of the State of Nevada on February 12, 2007. The Company was formed to provide IT services to small businesses. The Company is in the development stage. Its activities to date have been limited to capital formation, organization, development of its business plan and raising capital to implement its plan. The Company has not commenced operations. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. BASIS OF PRESENTATION The Company's financial statements are prepared using the accrual method of accounting and have been prepared in accordance with accounting principles generally accepted in the United States. The Company has elected a December 31, year-end. These interim financial statements for the three and nine month periods ended September 30, 2008 and 2007, and for the period from February 12, 2007 (inception) to September 30, 2008, are not audited. These financial statements reflect all adjustments that, in the opinion of management, are necessary to present fairly the results of operations for the interim periods presented. All adjustments are of a normal recurring nature, unless otherwise disclosed. The Company suggests that these financial statements be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2007. The results of operations for the three and nine month periods ended September 30, 2008 are not necessarily indicative of the results that may be expected for the year ending December 31, 2008. B. BASIC AND DILUTED 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 February 12, 2007 (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. At September 30, 2008, the Company did not have any cash equivalents. 5 CASITA ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements September 30, 2008 (Unaudited) NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. STOCKHOLDERS' EQUITY The Company accounts for stock transactions with nonemployees based on the fair value of the consideration received. Stock transactions with employees are accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. 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. 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 of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. G. CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash deposits. This cash is on deposit with a large federally insured bank. The Company has not experienced any losses in cash balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents. H. RECENT ACCOUNTING PRONOUNCEMENTS The Company does not expect any recent accounting pronouncements to have a material impact on its financial statements. 6 CASITA ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements September 30, 2008 (Unaudited) NOTE 3. GOING CONCERN The accompanying financial statements are presented on a going concern basis. The Company had no revenues during the period from February 12, 2007 (inception) to September 30, 2008 and has a deficit accumulated during the development stage as of September 30, 2008 of $38,995. This condition raises substantial doubt about the Company's ability to continue as a going concern. Management's plans are to raise funds through debt or equity offerings, to fund its operations over the next twelve months. NOTE 4. RELATED PARTY TRANSACTIONS On March 6, 2007, the Company issued 2,500,000 shares of common stock to its President and sole Director for $10,000. While the company was seeking additional capital, the director advanced funds to the company to pay for organizational costs and other expenses incurred. These funds are interest free with no specific terms of repayment. The balance due the director on September 30, 2008 was $7,645. NOTE 5. INCOME TAXES As of September 30, 2008 ------------------------ Deferred tax assets: Net operating loss carryforwards $ 38,995 Other 0 -------- Gross deferred tax assets 13,259 Valuation allowance (13,259) -------- 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 has recorded a valuation allowance for the full amount of the deferred tax asset related to the net operating loss carryforward. NOTE 6. NET OPERATING LOSSES As of September 30, 2008, the Company has a net operating loss carryforward of approximately $38,995. The net operating loss carryforward begins to expire twenty years from the date the loss was incurred. 7 CASITA ENTERPRISES, INC. (A Development Stage Company) Notes to Financial Statements September 30, 2008 (Unaudited) NOTE 7. STOCKHOLDERS' EQUITY On March 9, 2007 the Company issued a total of 2,500,000 shares of common stock to the sole director for cash at $0.004 per share for a total of $10,000. On July 25, 2007 the Company issued a total of 2,500,000 shares of common stock to 4 investors for cash at $0.004 per share for a total of $10,000 (625,000 shares each for $2,500). In January 2008 the Company completed an offering of 4,000,000 shares of common stock. The shares were sold at $0.004 per share for a total of $16,000. The stockholders' equity section of the Company contains the following classes of capital stock as of September 30, 2008: * Common stock, $ 0.001 par value: 50,000,000 shares authorized; 9,000,000 shares issued and outstanding. 8 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This report contains forward-looking statements that are based on current expectations, estimates, forecasts and projections about us, the industry in which we operate and other matters, as well as management's beliefs and assumptions and other statements regarding matters that are not historical facts. These statements include, in particular, statements about our plans, strategies and prospects. For example, when we use words such as "projects," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "should," "would," "could," "will," "opportunity," "potential" or "may," variations of such words or other words that convey uncertainty of future events or outcomes, we are making forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (Securities Act) and Section 21E of the Securities Exchange Act of 1934 (Exchange Act). Our forward-looking statements are subject to risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors. These and other risks and uncertainties that could affect our actual results are discussed in this report and in our other filings with the SEC, particularly in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2007 in the section entitled "Risk Factors." Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance, or achievements. We do not assume responsibility for the accuracy and completeness of the forward-looking statements other than as required by applicable law. We do not undertake any duty to update any of the forward-looking statements after the date of this report to conform them to actual results, except as required by the federal securities laws. OVERVIEW Casita Enterprises, Inc. plans to market and sell its computer installations and maintenance services to small and medium-sized businesses. Our mission is to provide computer network services to businesses seeking a solution for installing and maintaining their computer systems. Information Technology (IT) refers to multiple products and services that turn data into useful, meaningful, accessible information. The Information Technology industry has three main components: computer hardware, software, and services. Large companies often have sophisticated IT departments to install, manage, and maintain their computer networks. Small and medium-sized businesses often find developing an in-house IT department to be prohibitively expensive, and a full time staff unnecessary. They are, however, in need of qualified computer technicians. We intend to provide our clients with outsource IT services and computer network installations. Since inception, we have set ambitious business goals to provide value to our shareholders. We plan to continue our efforts to achieve our business goals, however we now face a major economic downturn in Mexico and the United States that has affected our abilities to obtain additional funding for our business operations. Our director continues to provide funding for our basic business operations, but we cannot operate our business on the scale we believe is 9 profitable without additional outside capital. As of the date of this filing, our director has been unsuccessful in securing any new outside sources willing to provide us with necessary funding. During our current year, as we seek additional funding, we intend to reduce the level of our operations in order to maintain our cash flow and incur a lower level of expenses until more financial resources are available. We plan to seek funds through sales of our equity securities or through outside debt. Only if we have sufficient funding will we be able to hire the two IT technical service personnel we need in order to meet our company's technical personnel skill requirements. We plan to purchase computer service equipment when we are able to hire service personnel. Based upon our ability to find competent service personnel, we believe we will be able to offer our IT services to business customers by the end of 2009. In the past we were able to pay our president a management fee of $450 per month which also includes the use of his existing shop area of approximately 700 square feet. We may need to delay paying our director so that our available funds can be used for administrative and minor operating expenses. Without new outside funding, we will likely only budget $1,000 to $1,500 per month in basic operations until the last quarter of 2009. If we are able to secure funding as economic conditions improve in Mexico, we will continue our original operating plans with estimated expenditures per month of approximately $4,500 for officer salary and use of shop space, employee costs for two salaries of IT service technicians $6,000, purchase of furniture and equipment $2,100, telephone & utilities $2,000, costs of website and marketing $2,100, auto fuel and maintenance $1,300. Based upon these future estimates, contingent upon future additional capital, total cost of operations will be approximately $18,000 for one year. We will only be able to begin delivering bids for IT services to business customers after hiring our service technicians. We anticipate we will be successful in winning enough bids for IT services once we have sufficient capital to continue our IT services operating plan. At this time we anticipate we will be forced by current financial conditions to only be able to continue our original operating plan near the end of 2009. Once we are able to implement IT services and invoice our customers, we anticipate receiving revenues from our customers' payments to us during the first quarter of 2010. Our budgeted costs and projected sales are estimates based upon our president's past experience in this same type of business. Due to current financial conditions in Mexico, we are unable to predict when or if we will be able to raise outside capital to continue our original business plan. LIQUIDITY AND CAPITAL RESOURCES Our cash balance at September 30, 2008 was $4,650. We believe our existing cash balance will only be sufficient to fund our minor level of operations for the next twelve months if our director continues to loan funds to us. Our director has loaned the company $7,645 and has agreed to loan the company funds as needed. The loan is non-interest bearing and has no specific terms of repayment. In the event our director does not provide such funding if it becomes necessary our business may fail and investors will likely lose their money. We are a development stage company and have generated no revenue to date. We have sold $36,000 in equity securities to pay for our operations. 10 RESULTS OF OPERATIONS We have generated no revenues since inception and have incurred $38,995 in expenses from inception (February 12, 2007) through September 30, 2008. For the three month periods ended September 30, 2008 and 2007 we incurred $3,967 and $6,803 in expenses. These costs consisted of operating and administrative expenses. The following table provides selected financial data about our company for the period ended September 30, 2008. Balance Sheet Data: 9/30/08 ------------------- ------- Cash $ 4,650 Total assets $ 4,650 Total liabilities $ 7,645 Stockholders' equity $(2,995) In March 2007, our director purchased 2,500,000 shares of common stock for $10,000. In July 2007, four non-affiliated investors purchased 2,500,000 shares of common stock for a total of $10,000. In January 2008, we successfully completed an offering of 4,000,000 shares of our common stock to forty non-affiliated investors for total proceeds of $16,000. Our cash balance has been materially reduced this year. We will need additional funds which we plan to raise through sales of our equity securities and loans from banks or third parties to continue our business plan. No assurances can be given that we will be able to raise additional funds to satisfy our financial requirements. At some point, even with reduced operations, we may determine we our business operations will cease due to a lack of financial resources. We may look for other potential business opportunities that might be available to us. There are no assurances that we will find other business opportunities, or find business opportunities that meet our goals, or that we will have financial resources required to take advantage of any possible business opportunities. 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 4. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES Our management team, under the supervision and with the participation of our principal executive officer and our principal financial officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as such term is defined under Rule 13a-15(e) promulgated under the Exchange Act, as of the last day of the fiscal period covered by this report, 11 September 30, 2008. The term disclosure controls and procedures means our controls and other procedures that 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 recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures 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 management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our principal executive officer and our principal financial officer concluded that, as of September 30, 2008, our disclosure controls and procedures were effective at a reasonable assurance level. CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING There have been no changes in our internal control over financial reporting during the fiscal quarter ended September 30, 2008 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS None. ITEM 1A. RISK FACTORS There have been no material changes to the risks to our business described in our Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC on March 27, 2008. ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS None. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS None. ITEM 5. OTHER INFORMATION None. 12 ITEM 6. EXHIBITS Incorporated by Reference or Exhibit No. Exhibit Filed Herewith - ----------- ------- -------------- 3.1 Articles of Incorporation Incorporated by reference to the Registration Statement on Form SB-2 filed with the SEC on 11/2/07, File No. 333-147104 3.2 Bylaws Incorporated by reference to the Registration Statement on Form SB-2 filed with the SEC on 11/2/0707, File No. 333-147104 31.1 Section 302 Certification of Filed herewith Chief Executive Officer 31.2 Section 302 Certification of Filed herewith Chief Financial Officer 32 Section 906 Certification of Filed herewith Chief Executive Officer and Chief Financial Officer SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. Casita Enterprises, Inc. (Registrant) /s/ Jose Cisneros November 12, 2008 - ---------------------------------------------------------- ----------------- Jose Cisneros Date (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer & Sole Director) 13 EX-31.1 2 ex31-1.txt CEO SECTION 302 CERTIFICATION EXHIBIT 31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER I, Jose Cisneros, certify that: 1. I have reviewed this report on Form 10-Q of Casita Enterprises, 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 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 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: November 12, 2008 /s/Jose Cisneros ------------------------------------- Name: Jose Cisneros Title: President and Chief Executive Officer EX-31.2 3 ex31-2.txt CFO SECTION 302 CERTIFICATION EXHIBIT 31.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER I, Jose Cisneros, certify that: 1. I have reviewed this report on Form 10-Q of Casita Enterprises, 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 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 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: November 12, 2008 /s/ Jose Cisneros ---------------------------------- Name: Jose Cisneros Title: Chief Financial Officer EX-32 4 ex32.txt CEO & CFO SECTION 906 CERTIFICATION EXHIBIT 32 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 I, Jose Cisneros, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge, Casita Enterprises, Inc.'s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2008 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of Casita Enterprises, Inc. Date: November 12, 2008 By: /s/ Jose Cisneros ----------------------------------------- Name: Jose Cisneros Title: Chief Executive and Financial Officer A signed original of this written statement required by Section 906 has been provided to Casita Enterprises, Inc. and will be retained by Casita Enterprises, Inc. and furnished to the Securities and Exchange Commission or its staff upon request. -----END PRIVACY-ENHANCED MESSAGE-----