10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

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

For the quarterly period ended March 31, 2012

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

 For the transition period from ______to______.

Commission file number: 000-54049

MATTER OF TIME I CO.

(Exact name of registrant as specified in its charter)

Nevada	27-2564032
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

23 Corporate Plaza, Suite 150

Newport Beach, California  92660

(Address of principal executive offices including zip code)

(877) 449-8842

(Registrant 's telephone number, including area code)

N/A

(Former address)

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 o

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 o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o (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 o

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Not applicable.

APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding of the registrant’s common stock, par value $0.001, on May 14, 2012 was 200,000 shares.

2

MATTER OF TIME I CO

Quarterly Period Ended September 30, 2011

INDEX

PART I.     FINANCIAL INFORMATION	4
Item 1.       Financial Statements (Unaudited)	4
Item 2.       Management's Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3.       Quantitative and Qualitative Disclosures About Market Risk	9
Item 4.       Controls and Procedures	10
PART II.    OTHER INFORMATION	10
Item 1.        Legal Proceedings	10
Item 1A.     Risk Factors	10
Item 2.        Unregistered Sales of Equity Securities and Use of Proceeds	10
Item 3.        Defaults Upon Senior Securities	11
Item 4.        (Removed and Reserved)	11
Item 5.        Other Information	11
Item 6.        Exhibits	11
SIGNATURES	11

3

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

MATTER OF TIME I CO.
(A Development Stage Company)
BALANCE SHEETS
As of March 31, 2012 and December 31, 2011
(Unaudited)
	March 31,		December 31,
	2012		2011
ASSETS
CURRENT ASSETS:
Cash	$	-	$	-
Total Current Assets		-		-
TOTAL ASSETS	$	-	$	-
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
CURRENT LIABILITIES:
Accounts payable	$	6,852	$	8,660
Accounts payable-Related parties		16,794		1,500
Accrued interest-Related parties		630		480
Convertible note payable-Related parties		6,000		6,000
Total Current Liabilities		30,276		16,640
Total liabilities		30,276		16,640
STOCKHOLDERS' (DEFICIT):
Preferred stock, $.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2012 and December 31, 2011		-		-
Common stock, $.001 par value; 100,000,000 shares authorized; 200,000 shares issued and outstanding at March 31, 2012 and December 31, 2011		200		200
Additional paid-in capital		21,011		21,011
Deficit accumulated during the development stage		(51,487)		(37,851)
Total Stockholders' (Deficit)		(30,276)		(16,640)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$	-	$	-

See accompanying notes to unaudited financial statements.

4

MATTER OF TIME I CO.
(A Development Stage Company)
STATEMENTS OF EXPENSES
Three Months Ended March 31, 2012 and 2011
and For the Date of Inception (April 28, 2010) to March 31, 2012
(Unaudited)
					Date of Inception (April 28,2010) to March 31,
	Three Months Ended March 31,
	2012		2011		2012
Operating Expenses:
General and administrative expenses	$	13,486	$	3,271	$	50,857
Total operating expenses		13,486		3,271		50,857
Loss from Operations		13,486		3,271		50,857
Other Income/(Expense)
Interest (expense)-Related parties		(150)		-		(630)
Total Other Income (Expense)		(150)		-		(630)
Net (Loss)	$	(13,636)	$	(3,271)	$	(51,487)
Net (Loss) Per Share:
Basic and Diluted	$	(0.07)	$	(0.02)	$	(0.29)
Weighted Average Shares Outstanding
Basic and Diluted		200,000		200,000		178,378

See accompanying notes to unaudited financial statements.

5

MATTER OF TIME I CO.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
Three Months Ended March 31, 2012 and 2011
and For the Date of Inception (April 28, 2010) to March 31, 2012
(Unaudited)
	Three Months Ended March 31,				Date of Inception (April 28, 2010) to March 31,
	2012		2011		2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$	(13,636)	$	(3,271)	$	(51,487)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Common stock issued for services		-		-		6,000
Changes in assets and liabilities:
Accounts payable		(1,808)		500		6,852
Accounts payable-related party		15,294		95		16,794
Accrued interest-related party		150		28		630
Net cash provided by operating activities		-		(2,648)		(21,211)
CASH FLOWS FROM FINANCING ACTIVITIES:
Contributed capital		-		-		9,211
Increase in notes payable-Related party		-		6,000		6,000
Proceeds from issuance of common stock		-		-		6,000
Net cash from financing activities		-		6,000		21,211
Net increase in cash		-		3,352		-
CASH AT BEGINNING PERIOD		-		252		-
CASH AT END OF PERIOD	$	-	$	3,604	$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-	$	-
Cash paid for income taxes	$	-	$	-	$	-
Common stock issued for legal and management fees	$	-	$	-	$	6,000

See accompanying notes to unaudited financial statements.

6

MATTER OF TIME I CO.

(A DEVELOPMENT STAGE COMPANY)

March 31, 2012

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

NOTE A – PRESENTATION

The accompanying unaudited interim financial statements of Matter of Time I Co. (“we”, “our” or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Matter of Time I Co.’s Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2011 as reported in the Form 10-K have been omitted.

NOTE B - GOING CONCERN

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.   We had negative working capital of $30,276 at March 31, 2012, a deficit accumulated during the development stage of $51,487 at March 31, 2012, and a net loss from operations of $13,636 for the three months then ended.  It also sustained operating losses in prior years. Additionally, due to the current and prior year net operating loss, the Company currently has a deficit in its stockholders’ equity account.  These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieving future profitable operations.

The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

NOTE C – RELATED PARTY TRANSACTIONS

In October, 2011, in connection to the change of control of the Company to Green Auto, the unsecured promissory note matures and becomes due and payable on March 31, 2012.  Interest accrues on the note on the unpaid principal balance at a rate of 10% per annum and is pro-rated for partial periods. At March 31, 2012, we had $6,000 outstanding under the promissory note and related accrued interest of $630.

7

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-looking Statements

Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

Accordingly, results actually achieved may differ materially from expected results in these statements.  Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Business

We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Until October, 3, 2011, our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. As discussed in NOTE C, on February 10, 2012 the Company executed a Merger Agreement and Plan of Reorganization with its parent and sole shareholder, Green Automotive pursuant to which the Company will be dissolving into and becoming part of Green Automotive, with Green Automotive becoming the surviving corporation and surviving the Company as a reporting issuer under the Securities Exchange act of 1934. Until the closing of the Merger with Green Automotive, we are not going to restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

We believe we will be able to meet these costs through use of funds in our treasury and additional amounts, as necessary, to be by our sole stockholders, management or other investors.

We are in the development stage and have negative working capital, negative stockholders’ equity and have not earned any revenues from operations to date. These conditions raise substantial doubt about our ability to continue as a going concern. We are currently devoting our efforts to locating merger candidates. Our ability to continue as a going concern is dependent upon our ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations.

Failing to complete the Merger with Green Automotive, we may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

8

We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

Results of Operations

As reflected in the accompanying financial statements, we had negative working capital of $30,276 at March 31, 2012 and a deficit accumulated during the development stage of $51,487 at March 31, 2012.

The Company incurred a net loss from operations of $13,636 for the three months ended March 31, 2012 versus a net loss from operation of $3,271 for the three months ended March 31, 2011.  The reason for the increase was due to an increase in administrative costs for director’s fees due to the new management and professional fees for the managing of the company.

Liquidity and Capital Resources

For the three months ended March 31, 2012, we had no capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses pending acquisition of an operating company.  However, our shareholders are under no obligation to provide such funding.

Failing to complete the Merger with Green Automotive management will resume seeking out a target company through solicitation. Such solicitation may include newspaper or magazine advertisements, mailings and other distributions to law firms, accounting firms, investment bankers, financial advisors and similar persons, the use of one or more World Wide Web sites and similar methods. No estimate can be made as to the number of persons who will be contacted or solicited. Management may engage in such solicitation directly or may employ one or more other entities to conduct or assist in such solicitation. Failing to complete the Merger with Green Automotive management and its affiliates will pay referral fees to consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest. Payments are made if a business combination occurs, and may consist of cash or a portion of the stock in the Company retained by management and its affiliates, or both.

As reflected in the accompanying financial statements, the Company is in the development stage with no operations have a net loss of $51,487 from inception, and used no cash in operations for the period from April 28, 2010 (inception) to March 31, 2012. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company's ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not required

9

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q.  In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.  In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.  The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2012, our disclosure controls and procedures were, subject to the limitations noted above, effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules, regulations and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in internal control over financial reporting

Our management, with the participation of the chief executive officer and chief financial officer, has concluded there were no significant changes in our internal controls over financial reporting that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Disclosure Controls and Procedures.

Disclosure controls and procedures and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time period specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer as appropriate, to allow timely decisions regarding required disclosure.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Presently, we are not a party and none of our property is subject to any pending legal proceedings, and we know of no proceedings that are threatened or contemplated against us.

Item 1A. Risk Factors

Not required.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

10

Item 3. Defaults on Senior Securities

None.

Item 4. (Removed and Reserved)

Item 5. Other Information

None

Item 6. Exhibits

(a)

Exhibits

31.1

Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002.

31.2

Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002.

Signatures

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.

	MATTER OF TIME I CO.
Dated: May 14, 2012	By:	/s/ Fred Luke
		Fred Luke Chief Executive Officer (Principal Executive Officer and Principal Financial Officer)

11

EX-31

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Fred Luke, President, Secretary, Treasurer of Matter of Time I Co. (the “Registrant”), certify that:

1.

I have reviewed this Quarterly Report on Form 10-Q of the Registrant;

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 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 Rule 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 officers(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 9, 2012	/s/ Fred Luke
	Fred Luke, President and Treasurer

EX-32

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

In connection with the Quarterly Report of Matter of Time I Co (the “Registrant”) on Form 10-Q for the quarter ended March 31, 2012, as filed with the Commission on the date hereof (the “Quarterly Report”), I, Fred Luke, President, Secretary and Treasurer of the Registrant, 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 Annual 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 Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

May 9, 2012 

/s/ Fred Luke

Fred Luke,

President/Secretary/Treasurer

XML

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE C – RELATED PARTY TRANSACTIONS

In October, 2011, in connection to the change of control of the Company to Green Auto, the unsecured promissory note matures and becomes due and payable on March 31, 2012.  Interest accrues on the note on the unpaid principal balance at a rate of 10% per annum and is pro-rated for partial periods. At March 31, 2012, we had $6,000 outstanding under the promissory note and related accrued interest of $630.

XML

Balance Sheets (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 0	$ 0
Total Current Assets	0	0
TOTAL ASSETS	0	0
CURRENT LIABILITIES:
Accounts payable	6,852	8,660
Accounts payable-Related parties	16,794	1,500
Accrued interest-Related Parties	630	480
Convertible notes payable-Related parties	6,000	6,000
Total Current Liabilities	30,276	16,640
STOCKHOLDERS' DEFICIT:
Preferred stock, $.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2012 and December 31, 2011	0	0
Common stock, $.001 par value; 100,000,000 shares authorized; 200,000 shares issued and outstanding at March 31, 2012 and December 31, 2011	200	200
Additional paid-in capital	21,011	21,011
Deficit accumulated during the development stage	(51,487)	(37,851)
Total Stockholders' (Deficit)	(30,276)	(16,640)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$ 0	$ 0

XML

PRESENTATION

3 Months Ended

Mar. 31, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

PRESENTATION

NOTE A – PRESENTATION

The accompanying unaudited interim financial statements of Matter of Time I Co. (“we”, “our” or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Matter of Time I Co.’s Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2011 as reported in the Form 10-K have been omitted.

XML

GOING CONCERN

3 Months Ended

Mar. 31, 2012

Going Concern

GOING CONCERN

NOTE B - GOING CONCERN

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.   We had negative working capital of $30,276 at March 31, 2012, a deficit accumulated during the development stage of $51,487 at March 31, 2012, and a net loss from operations of $13,636 for the three months then ended. It also sustained operating losses in prior years. Additionally, due to the current and prior year net operating loss, the Company currently has a deficit in its stockholders’ equity account.  These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieving future profitable operations.

The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

XML

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2012	Dec. 31, 2011
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock , shares issued	200,000	200,000
Common stock, shares outstanding	200,000	200,000

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2012	May 14, 2012
Document And Entity Information
Entity Registrant Name	MATTER OF TIME I CO.
Entity Central Index Key	0001497632
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		200,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012

XML

Statements of Expenses (Unaudited) (USD $)	3 Months Ended		23 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Operating Expenses:
General and administrative expenses	$ 13,486	$ 3,271	$ 50,857
Total operating expenses	13,486	3,271	50,857
Loss from Operations	13,486	3,271	50,857
Other Income (Expense)
Interest (expense) - Related parties	(150)	0	(630)
Total Other Income (Expense)	(150)	0	(630)
Net (Loss)	$ (13,636)	$ (3,271)	$ (51,487)
Net (Loss) Per Share-Basic and Diluted	$ (0.07)	$ (0.02)	$ (0.29)
Weighted Average Shares Outstanding- Basic and Diluted	200,000	200,000	178,378

XML

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		23 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net income (loss)	$ (13,636)	$ (3,271)	$ (51,487)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Common stock issued for services	0	0	6,000
Changes in assets and liabilities:
Accounts payable	(1,808)	500	6,852
Accounts payable-related party	15,294	95	16,794
Accrued interest- related party	150	28	630
Net cash provided by operating activities	0	(2,648)	(21,211)
CASH FLOWS FROM FINANCING ACTIVITIES:
Contributed capital	0	0	9,211
Increase in notes payable - Related party	0	6,000	6,000
Proceeds from issuance of common stock	0	0	6,000
Net cash from financing activities	0	6,000	21,211
Net Increase in cash	0	3,352	0
CASH AT BEGINNING PERIOD	0	252	0
CASH AT END OF PERIOD	0	3,604	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	0	0
Cash paid for income taxes	0	0	0
Common stock issued for legal and management fees	$ 0	$ 0	$ 6,000