CUSIP No. 61173r103
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13G |
Page 2 of 5 Pages
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1.
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Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only).
IBC Funds LLC
EIN: 45-5351131
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
Nevada
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Number
of Shares
Beneficially by
Owned by
Each Reporting
Person With:
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5.
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Sole Voting Power
21,161,195*
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6.
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Shared Voting Power
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7.
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Sole Dispositive Power
21,161,195*
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8.
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Shared Dispositive Power
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*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of promissory note(s), subject to the right of the issuer to repay the note(s) as set forth in the terms of the note(s).
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
21,161,195*
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*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of promissory note(s), subject to the right of the issuer to repay the note(s) as set forth in the terms of the note(s).
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9)
9.9% (based on the total of 213,794,445 outstanding shares of Common Stock reported in the Issuer’s Form 10-Q for the Quarterly Period Ended March 31, 2014 filed with the Securities & Exchange Commission on May 20 2014)
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12.
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Type of Reporting Person (See Instructions)
OO
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CUSIP No. 61173r103
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13G
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Page 3 of 5 Pages
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Item 1
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(a)
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Name of Issuer:
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MONSTER ARTS, INC., a Nevada corporation
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(b)
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Address Of Issuer's Principal Executive Offices:
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117 Calle de Los Molinos, San Clemente, CA 92672
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Item 2
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(a)
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Name of Person Filing:
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IBC Funds LLC
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(b)
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Address of Principal Business Office, or, if none, Residence:
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5348 Vegas Drive, Las Vegas, Nevada 89108
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(c)
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Citizenship:
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Nevada
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(d)
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Title of Class of Securities:
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Common Stock, $0.001 value per share
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(e)
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Cusip Number:
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61173r103
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Item 3
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If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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o Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8).
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(e)
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o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
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(f)
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o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(ii)(F).
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(g)
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o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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o Group in accordance with §240.13d-1(b)(ii)(J).
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CUSIP No. 61173r103
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13G
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Page 4 of 5 Pages
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Item 4
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Ownership | ||
(a) | Amount beneficially owned 21,161,195* | ||
(b)
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Percent of class: 9.9%
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote
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21,161,195*
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(ii)
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Shared power to vote or to direct the vote
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(iii)
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Sole power to dispose or to direct the disposition of
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21,161,195*
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(iv)
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Shared power to dispose or to direct the disposition of
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Item 5
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Ownership of Five Percent or Less of a Class
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Item 6
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Ownership of More Than Five Percent on Behalf Of Another Person
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N/A
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Item 7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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N/A
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Item 8
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Identification and Classification of Members of The Group
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N/A
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Item 9
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Notice of Dissolution of Group
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N/A
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Item 10
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Certification
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CUSIP No. 61173r103
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13G
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Page 5 of 5 Pages
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June 26, 2014
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Date
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/s/ Samuel Oshana
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Signature
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Samuel Oshana, Managing Member
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Name/Title
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