0001161697-14-000281.txt : 20140627 0001161697-14-000281.hdr.sgml : 20140627 20140624202315 ACCESSION NUMBER: 0001161697-14-000281 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20130228 FILED AS OF DATE: 20140625 DATE AS OF CHANGE: 20140624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ON THE MOVE SYSTEMS CORP. CENTRAL INDEX KEY: 0001498148 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 272343603 STATE OF INCORPORATION: FL FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-55079 FILM NUMBER: 14938554 BUSINESS ADDRESS: STREET 1: 3001 NORTH ROCKY POINT EAST STREET 2: SUITE 200 CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: (813) 367-7748 MAIL ADDRESS: STREET 1: 3001 NORTH ROCKY POINT EAST STREET 2: SUITE 200 CITY: TAMPA STATE: FL ZIP: 33607 10-K/A 1 form_10-k.htm FORM 10-K/A AMENDMENT NO. 3 FOR 02-28-2013

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


Form 10-K/A
Amendment No. 3


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


For the fiscal year ended February 28, 2013


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 333-168530


 

On The Move Systems Corp.

(Exact name of registrant as specified in its charter)


Florida

 

27-2343603

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

 

 

3001 North Rocky Point Drive East, Suite 200

 

 

Tampa, FL

 

33607

(Address of principal executive offices)

 

(Zip Code)


Registrant’s telephone number, including area code: (813) 367-3511


Securities registered pursuant to Section 12(b) of the Act: None


Securities registered pursuant to Section 12(g) of the Act:


Title

 

Name of each exchange on which registered

Common stock, $0.0001 par value

 

NASDAQ OTC


Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes o No þ


Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes o No þ


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 þ No o


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, ever 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 þ No o


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Yes þ 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

 

Smaller reporting company

þ


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No þ


The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, based on the closing price on August 31, 2012, is $90,000. Shares of common stock held by each officer and director and by each person who owns 5% or more of the outstanding common stock have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.


There were 18,500,000 shares of the registrant’s common stock issued and outstanding as of May 29, 2013.


- ii -



EXPLANATORY NOTE


The purpose of this Amendment No. 3 to our Annual Report on Form 10-K for the year ended February 28, 2013, is to submit Exhibit 101 in accordance with Rule 405 of Regulation S-T.  Exhibit 101 consists of the Interactive Data Files relating to our restatement of audited consolidated financial statements on Form 10-K Amendment No. 2 for the year ended February 28, 2013, filed with the Securities and Exchange Commission on June 19, 2014.



Part IV


Item 15. Exhibits and Financial Statement Schedules.


Exhibit Number Description


2.1

Asset Purchase Agreement, dated as of March 25, 2011, by and among Crawford Mobile Installation Corporation and Crawford Mobile Install (sole proprietorship). (2)

 

 

3.1

Articles of Incorporation of On The Move Systems Corporation (1)

 

 

3.2

Bylaws of On The Move Systems Corporation (1)

 

 

3.3

Articles of Incorporation of Crawford Mobile Installation Corporation (2)

 

 

3.4

Bylaws of Crawford Mobile Installation Corporation (2)

 

 

10.1

Convertible Note from On the Move Systems Corporation to Global Equities Limited (2)

 

 

10.2

Note from Crawford Mobile Installation to John Crawford (2)

 

 

10.3

Note from Crawford Mobile Install to Greg Crawford dated September 28, 2010 (2)

 

 

10.4

Note from Crawford Mobile Install to Greg Crawford dated February 11, 2011 (2)

 

 

23.1

Consent of Independent Registered Public Accounting Firm from Peter Messineo, CPA dated March 28, 2011 (2)

 

 

31.1 *

Section 302 Certification

 

 

32.1 *

Section 906 Certification

 

 

101 **

XBRL Interactive Data


* Previously filed


** In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Annual Report on Form 10-K, as amended, shall be deemed “furnished” and not “filed”.


(1) Incorporated by reference to the comparable exhibit filed with our Registration Statement on Form S-1


(2) Incorporated by reference to the Form 8-K filed on March 28, 2011


- 1 -



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date: June 24 , 2014

On The Move Systems Corp.

 

 

 

 

 

By: /s/ Robert Wilson

 

 

Robert Wilson

 

 

President

 

 

Chief Executive Officer

 

 

Chief Financial Officer

 

 

Principal Accounting Officer

 

 

Treasurer and Director

 


- 2 -


EX-101.INS 2 omvs-20130228.xml XBRL INSTANCE FILE On the Move Systems Corp. (the "Company" or "we") is filing this Amendment No. 2 (the "Second Amendment") to our Annual Report on Form 10-K for the year ended February 28, 2013, filed on June 13, 2013, (the "Original Filing"), as amended by Amendment 1 to the Form 10-K filed on July 26, 2013 (the "First Amendment") to restate and amend our previously issued audited consolidated financial statements and related disclosures for the years ended February 28, 2013 and February 29, 2012 previously included in the Original Filing. Background to the Restatement On June 11, 2014, the Company determined that due to an error in accounting for our acquisition of Crawford Mobile Install ("CMI"), the Company's consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012 should no longer be relied upon. The purpose of this restatement is to correct the accounting for our acquisition of Crawford Mobile Install ("CMI"). In the Original Filing, the acquisition of CMI was accounted for as an acquisition of a business. However, since John Crawford was our CEO at the time of the acquisition and also owned all of CMI, the acquisition should have been accounted for as a business acquired from an entity under common control according to ASC 805-50-30. We had originally recognized intangible assets and goodwill as a result of the acquisition of CMI. According to ASC 805-50-30, neither should have been recognized. As a result of the restatement, goodwill in the amount of $108,724 and intangible assets in the amount of $20,000 have be removed from assets. In addition, we recognized a loss on the acquisition of CMI in the amount of $128,724. Effects of Restatement As originally filed the Original Filing indicated that there were material weaknesses in our internal control over financial reporting and concluded that the Company did not maintain effective internal control over financial reporting as of February 28, 2013. Management has considered the effect of the restatement on our prior conclusions as to the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Management has concluded there is no change in the conclusion that our disclosure controls and procedures and internal control over financial reporting for such periods were not effective as of February 28, 2013. This Second Amendment amends and restates Items 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and 8 (Financial Statements and Supplementary Data) of Part II of the Original Filing, as necessary based on the restatement of our consolidated financial statements. Additionally, this Second Amendment replaces the interactive data files required by Item 601(b)(101) of Regulation S-K and Sections 405 and 406T of Regulation S-T, that were initially filed on the First Amendment. As required pursuant to the Securities and Exchange Act of 1934, as amended, the Second Amendment also includes updated certifications from the Company's Chief Executive Officer as Exhibits 31.1 and 32.1. Except as described above, this Second Amendment does not amend, update or change any other items or disclosures in the Original Filing and the First Amendment and does not purport to reflect any information or events subsequent to the filing thereof. Accordingly, this Second Amendment should be read in conjunction with the Original Filing and First Amendment. true --02-28 FY 2013 2013-02-28 10-K/A 0001498148 18500000 Yes Smaller Reporting Company 90000 ON THE MOVE SYSTEMS CORP. No No 10000 100000 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>2. Going Concern</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. For the year ended February 28, 2013, the Company had a net loss of $315,176. The Company has not generated positive cash flow from operations since inception and does not expect to generate positive cash flow from operations during the coming year. In view of these matters, the Company&#39;s ability to continue as a going concern is dependent upon the Company&#39;s ability to achieve a level of profitability which would generate positive cash flow or from its ability to raise adequate capital either from sales of equity securities or the issuance of debt. The Company intends on financing its operations and its working capital needs largely through the issuance of debt. There is no assurance that the Company will be able to obtain adequate financing when needed or that such financing will be available on terms that are acceptable to the Company. The consolidated financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <!--EndFragment--></div> </div> 128724 128724 107200 28071 3794 5702 26871 21657 3877150 3877150 3877150 3877150 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">ADVERTISING COSTS - The Company&#39;s policy regarding advertising is to expense advertising when incurred.</p> <!--EndFragment--></div> </div> 77147 79366 144204 204423 44522 41527 44522 41527 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">BASIS OF PRESENTATION - The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. &nbsp;The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. See Note 2 regarding the assumption that the Company is a going concern. &nbsp;</p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>3. Basis of Presentation and Accounting Policies</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">BASIS OF PRESENTATION - The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. &nbsp;The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. See Note 2 regarding the assumption that the Company is a going concern. &nbsp;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">PRINCIPLES OF CONSOLIDATION - The consolidated financial statements include the accounts On the Move Systems Corp. and our wholly-owned subsidiary, Crawford Mobile Installation Corp.&nbsp;&nbsp;All material intercompany accounts and transactions are eliminated in consolidation. The year end for the Company and its subsidiary is February 28. &nbsp;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">USE OF ESTIMATES - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">CASH AND CASH EQUIVALENTS - All cash, other than cash held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">INVENTORY - Inventory represents purchased aftermarket electronic products and other items valued at the lower of cost or market with cost determined using the specific identification method, and with market defined as the lower of replacement cost or realizable value.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">FIXED ASSETS - Fixed assets of the Company include vehicles and are stated at cost. In accordance with ASC Topic 360, expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Depreciation is provided principally on the straight-line method over the estimated useful lives of four years for financial reporting purposes.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">REVENUE AND COST RECOGNITION - The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured. Revenue is recognized net of sales returns and allowances.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">ADVERTISING COSTS - The Company&#39;s policy regarding advertising is to expense advertising when incurred.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">RESEARCH AND DEVELOPMENT EXPENSES - Expenditures for research, development, and engineering of products are expensed as incurred.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">INCOME TAXES - Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes resulting from temporary differences. Such temporary differences result from differences in the carrying value of assets and liabilities for tax and financial reporting purposes. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company adopted the provisions of FASB ASC 740-10 "Uncertainty in Income Taxes" (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">EARNINGS (LOSS) PER SHARE - Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average common shares outstanding for the period. Diluted loss per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the exercise of stock options and warrants and the conversion of notes payable to common stock. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company&#39;s convertible debt is considered anti-dilutive due to the Company&#39;s net loss for the year ended February 28, 2013 and February 29, 2012. As a result, the Company did not have any potentially dilutive common shares for those periods.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">FINANCIAL INSTRUMENTS - In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 "Fair Value Measurements and Disclosures" (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity&#39;s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="24">&nbsp;</td> <td width="24">&nbsp;</td> <td width="672">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 3 - Inputs that are both significant to the fair value measurement and unobservable.</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company&#39;s notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">RECENT ACCOUNTING PRONOUNCEMENTS</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">We have reviewed the FASB issued Accounting Standards Update, accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company&#39;s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.</p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>5. Acquisition of CMI and Goodwill</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On March 25, 2011, the Company purchased the assets and businesses of CMI, a sole proprietorship owned by the Company&#39;s sole officer and director, in execution of its business plan. The terms of the acquisition required a down payment of $10,000 payable at closing with a Promissory Note for $90,000, at 10% interest rate, payable in monthly installments of $2,500 with a balloon payment of the remaining principal and interest due February 1, 2014.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The acquisition of CMI was accounted for as an acquisition of a business acquired from an entity under common control according to ASC 805-50-30. CMI&#39;s results of operations and cash flows are included in the accompanying consolidated financial statements from the date of acquisition.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">CMI&#39;s assets and liabilities were recorded at their book value prior to their acquisition by the Company. The following table summarizes the book values of the assets acquired and liabilities assumed at the date of acquisition:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="264">&nbsp;</td> <td width="17">&nbsp;</td> <td width="15">&nbsp;</td> <td width="65">&nbsp;</td> <td width="15">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="80" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Amount</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Cash</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">2,300</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Accounts receivable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">2,042</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Inventory</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">450</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Fixed assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">19,047</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Total assets acquired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">23,839</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Debt assumed (accounts and notes payable)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">52,563</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Net liabilities acquired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">(28,724</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Cash payment at closing</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">10,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Note payable to John Crawford</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">90,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Total purchase price</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">100,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">As a result of the acquisition, the Company recognized a loss on the acquisition of CMI in the amount of $128,724.</p> <!--EndFragment--></div> </div> 23839 2300 2042 450 52563 19047 -28724 18718 18690 128760 28 -110070 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">CASH AND CASH EQUIVALENTS - All cash, other than cash held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.</p> <!--EndFragment--></div> </div> 0.0001 0.0001 100000000 100000000 18500000 18500000 18500000 18500000 18500000 18500000 12500000 1850 1850 1850 1850 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px">PRINCIPLES OF CONSOLIDATION - The consolidated financial statements include the accounts On the Move Systems Corp. and our wholly-owned subsidiary, Crawford Mobile Installation Corp.&nbsp;&nbsp;All material intercompany accounts and transactions are eliminated in consolidation. The year end for the Company and its subsidiary is February 28. &nbsp;</p> <!--EndFragment--></div> </div> 100100 281192 313792 32600 32600 69809 32404 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>9. Notes Payable</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On February 28, 2011, the Company borrowed $100,100 through a convertible note, for the purpose of raising operating capital. Under the terms of the note, interest shall accrue at 7% per annum; and principal and accrued interest shall become due on February 27, 2013, unless extended by mutual consent of the parties. Unpaid principal and accrued interest are convertible into common stock of the company at $0.015 per share.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On November 3, 2011, the holder of the note elected to convert principal in the amount of $67,500 into 4,500,000 shares of common stock. As of February 28, 2012, the balance of the convertible note payable was $32,600.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On January 31, 2012, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $281,192 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on February 28, 2015. &nbsp;The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.01 per share.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company evaluated the terms of this note in accordance with ASC Topic No. 815 - 40,&nbsp;<em>Derivatives and Hedging - Contracts in Entity&#39;s Own Stock</em>&nbsp;and determined that the underlying common stock is indexed to the Company&#39;s common stock. The Company determined that the conversion feature did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the notes and was deemed to be greater than the market value of underlying common stock at the inception of the note.&nbsp;&nbsp;Therefore, the Company did not recognize a beneficial conversion feature.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">&nbsp;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">During the year ended February 28, 2013, the Company received advances in the amount of $255,941 for working capital. These advances are non-interest bearing and payable on demand.</p> <!--EndFragment--></div> </div> 0.015 0.01 -90000 0.1 0.07 0.1 2011-02-08 2012-01-31 2014-02-01 2013-02-27 2015-02-28 2500 5214 4498 5214 4498 10446 -0.02 -0.28 -0.02 -0.27 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">EARNINGS (LOSS) PER SHARE - Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average common shares outstanding for the period. Diluted loss per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the exercise of stock options and warrants and the conversion of notes payable to common stock. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company&#39;s convertible debt is considered anti-dilutive due to the Company&#39;s net loss for the year ended February 28, 2013 and February 29, 2012. As a result, the Company did not have any potentially dilutive common shares for those periods.</p> <!--EndFragment--></div> </div> 1 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">FINANCIAL INSTRUMENTS - In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 "Fair Value Measurements and Disclosures" (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity&#39;s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="24">&nbsp;</td> <td width="24">&nbsp;</td> <td width="672">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="FONT-FAMILY: Symbol; TEXT-ALIGN: justify; MARGIN: 0px"> &middot;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="672"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Level 3 - Inputs that are both significant to the fair value measurement and unobservable.</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company&#39;s notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value.</p> <!--EndFragment--></div> </div> 7667 3667 108724 54724 108724 -54724 -108724 54000 -54000 44215 39852 44215 39852 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>8. Income Taxes</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">There are no current or deferred income tax expense or benefit for the fiscal years ended February 28, 2013 and February 29, 2012.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes.</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="204">&nbsp;</td> <td width="16">&nbsp;</td> <td width="12">&nbsp;</td> <td width="80">&nbsp;</td> <td width="16">&nbsp;</td> <td width="13">&nbsp;</td> <td width="78">&nbsp;</td> <td width="8">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="92" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended<br /> February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="92" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended<br /> February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="204"> <p style="MARGIN: 0px">Tax benefit at U.S. statutory rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">102,612</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">1,144,800</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="MARGIN: 0px">Non deductible stock based compensation</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">(1,050,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="204"> <p style="MARGIN: 0px">Valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">(102,612</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">(94,800</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="8"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="MARGIN: 0px">Tax benefit</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company did not have any temporary differences during the fiscal years ended February 28, 2013 or February 29, 2012.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company has not recognized an income tax benefit for the period based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the current period presented is offset by a valuation allowance (100%) established against deferred tax assets arising from operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not.</p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">INCOME TAXES - Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes resulting from temporary differences. Such temporary differences result from differences in the carrying value of assets and liabilities for tax and financial reporting purposes. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company adopted the provisions of FASB ASC 740-10 "Uncertainty in Income Taxes" (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.</p> <!--EndFragment--></div> </div> -102612 -94800 102612 1144800 -1050000 68683 31170 -1908 3660 10598 14373 4875 16685 20000 12333 16333 -12333 -16333 10598 14373 10598 14373 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>4. Inventory</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The Company follows FASB ASC 330, <em>"Inventory".</em> &nbsp;<font style="BACKGROUND-COLOR: #ffffff">Inventories are stated at the lower of cost or net realizable value. The cost of inventories comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories is determined using the weighted average cost method. Inventory is reduced for the estimated losses due to obsolescence. This reduction is determined for groups of products based on purchases in the recent past and/or expected future demand. &nbsp;Our inventory is made up of electronic components which we have acquired from wholesalers, retailers and manufacturers to install in customer vehicles.</font></p> <!--EndFragment--></div> </div> 22010 17135 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">INVENTORY - Inventory represents purchased aftermarket electronic products and other items valued at the lower of cost or market with cost determined using the specific identification method, and with market defined as the lower of replacement cost or realizable value.</p> <!--EndFragment--></div> </div> 761852 448895 761852 448895 77147 79366 144204 204423 380662 326632 2003 10467 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>1. Background Information</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On The Move Systems Corp., a Florida corporation ("we", "us", "our", "OMVS", or the "Company"), was formed to provide mobile electronic services to automobile, recreational vehicle and boat dealerships, government agencies as well as individual consumers. The Company installs its inventoried after market electronic products desired by the customer at their location. The Company was incorporated on March 25, 2010 with its corporate headquarters located in Tampa, Florida.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On March 25, 2011, Crawford Mobile Installation Corp. ("CMIC"), a wholly owned subsidiary of the Company acquired all of the assets and assumed certain liabilities of Crawford Mobile Install ("CMI"). The assets of CMI included cash, inventory, a vehicle and installation equipment. On the date of the acquisition, a material relationship existed between the parties, because John Crawford was the sole officer and director of both the Company and CMIC as well as being the sole proprietor of CMI. The purchase price for the assets and liabilities of CMI was $100,000.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Restatement</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On June 11, 2014, the Company determined that due to an error in accounting for our acquisition of Crawford Mobile Install ("CMI"), the Company&#39;s consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012 should no longer be relied upon. The purpose of this restatement is to correct the accounting for our acquisition of Crawford Mobile Install ("CMI"). In the Original Filing, the acquisition of CMI was accounted for as an acquisition of a business. However, since John Crawford was our CEO at the time of the acquisition and also owned all of CMI, the acquisition should have been accounted for as a business acquired from an entity under common control according to ASC 805-50-30. We had originally recognized intangible assets and goodwill as a result of the acquisition of CMI. According to ASC 805-50-30, neither should have been recognized.&nbsp;As a result of the restatement, goodwill in the amount of $108,724 and intangible assets in the amount of $20,000 have be removed from assets. In addition, we recognized a loss on the acquisition of CMI in the amount of $128,724.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">The Company as a result restated the consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>On The Move Systems Corp.</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>RESTATED CONSOLIDATED BALANCE SHEETS</strong></p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="354">&nbsp;</td> <td width="11">&nbsp;</td> <td width="85">&nbsp;</td> <td width="22">&nbsp;</td> <td width="83">&nbsp;</td> <td width="23">&nbsp;</td> <td width="30">&nbsp;</td> <td width="10">&nbsp;</td> <td width="85">&nbsp;</td> <td width="12">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="353" colspan="8"> <p style="MARGIN: 0px; text-align: center"><strong>February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Total current assets</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">44,522</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">44,522</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Fixed assets, net of accumulated depreciation of $26,871</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">32,625</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">32,625</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Intangible assets, net of accumulated amortization of $7,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">12,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(12,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">54,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(54,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">TOTAL ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">144,204</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">77,147</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">761,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">761,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Stockholders&#39; Deficit:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Additional paid-in capital</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Accumulated deficit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(4,496,648</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(67,057</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">(2)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(4,563,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(617,648</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(684,705</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">TOTAL LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">144,204</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">77,147</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="353">&nbsp;</td> <td width="11">&nbsp;</td> <td width="84">&nbsp;</td> <td width="21">&nbsp;</td> <td width="85">&nbsp;</td> <td width="23">&nbsp;</td> <td width="29">&nbsp;</td> <td width="14">&nbsp;</td> <td width="81">&nbsp;</td> <td width="13">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="352" colspan="8"> <p style="MARGIN: 0px; text-align: center"><strong>February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="95" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Total current assets</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">41,527</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">41,527</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Fixed assets, net of accumulated depreciation of $21,657</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">37,839</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">37,839</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Intangible assets, net of accumulated amortization of $3,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">16,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(16,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">108,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(108,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">TOTAL ASSETS</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">204,423</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">79,366</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">448,895</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">448,895</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Stockholders&#39; Deficit:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Additional paid-in capital</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Accumulated deficit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">(4,123,472</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(125,057</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="MARGIN: 0px">(3)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,248,529</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">(244,472</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(369,529</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">204,423</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">79,366</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>On The Move Systems Corp.</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS</strong></p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="345">&nbsp;</td> <td width="19">&nbsp;</td> <td width="81">&nbsp;</td> <td width="19">&nbsp;</td> <td width="102">&nbsp;</td> <td width="31">&nbsp;</td> <td width="18">&nbsp;</td> <td width="83">&nbsp;</td> <td width="18">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="355" colspan="7"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="102" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px">GROSS PROFIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">44,215</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">44,215</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px">Selling, general and administrative expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">352,793</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: right">(4,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">348,793</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">LOSS FROM OPERATIONS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(308,578</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(304,578</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">OTHER EXPENSE:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Impairment of goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(54,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: right">54,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;&nbsp;(5)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">-&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Interest expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(10,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(10,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(373,176</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(315,176</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss per share - basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(0.02</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(0.02</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Weighted average number of common shares outstanding-<br /> basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">18,500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">18,500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="346">&nbsp;</td> <td width="18">&nbsp;</td> <td width="81">&nbsp;</td> <td width="18">&nbsp;</td> <td width="103">&nbsp;</td> <td width="30">&nbsp;</td> <td width="18">&nbsp;</td> <td width="82">&nbsp;</td> <td width="18">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="355" colspan="7"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="101" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="101" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px">GROSS PROFIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">39,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">39,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px">Selling, general and administrative expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">4,113,886</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: right">(3,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">4,110,219</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">LOSS FROM OPERATIONS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,074,034</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(4,070,367</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">OTHER EXPENSE:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Loss on acquisition of Crawford Mobile Install</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: right">(128,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(128,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Interest expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(14,373</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(14,373</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,088,407</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(4,213,464</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss per share - basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(0.27</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(0.28</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Weighted average number of common shares outstanding-<br /> basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">14,987,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">14,987,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Adjustments to consolidated financial statements:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="24">&nbsp;</td> <td width="696">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Remove intangible assets and goodwill from the consolidated balance sheets.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(2)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Loss on acquisition of CMI for the year ended February 29, 2012 in the amount of $128,724 offset by the reversal of the impairment of goodwill in the amount of $54,000 and amortization of intangibles of $7,667.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(3)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Loss on acquisition of CMI in the amount of $128,724 offset by the reversal of the amortization of intangibles of $3,667.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(4)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Reverse amortization of intangible assets.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(5)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Reverse impairment of goodwill</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(6)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Recognize loss on acquisition of CMI.</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> 233676 225964 -30990 -233648 -305044 -315176 -4213464 -315176 -4213464 -373176 -4088407 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">RECENT ACCOUNTING PRONOUNCEMENTS</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">We have reviewed the FASB issued Accounting Standards Update, accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company&#39;s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.</p> <!--EndFragment--></div> </div> 90000 273462 288115 65395 79196 -304578 -4070367 -308578 -4074034 7700 23290 0.0001 0.0001 10000000 10000000 0 0 0 0 255941 284938 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>6. Fixed Assets</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Fixed assets of the Company include vehicles and are stated at cost. Expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Depreciation is provided principally on the straight-line method over the estimated useful lives ranging of four years for financial reporting purposes. The Company recognized depreciation expense of $5,214 and $4,498 during the years ended February 28, 2013 and February 29, 2012.</p> <!--EndFragment--></div> </div> 32625 37839 32625 37839 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">FIXED ASSETS - Fixed assets of the Company include vehicles and are stated at cost. In accordance with ASC Topic 360, expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Depreciation is provided principally on the straight-line method over the estimated useful lives of four years for financial reporting purposes.</p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>7. Related Party Transactions</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">On March 25, 2011, CMIC, a wholly owned subsidiary of the Company, entered into an agreement to purchase all of the assets and the business of CMI for $100,000. CMI was a sole proprietorship owned and operated by John Crawford. John Crawford is also the sole officer-director of the Company and CMIC. The purchase price was paid with $10,000 in cash at closing and a note payable for the remaining $90,000. The note bears interest at 10% per year and is payable in monthly installments of $2,500 with a balloon payment of the remaining principal and interest due February 1, 2014. The balance of the note payable was $65,395 and $79,196 as of February 28, 2013 and February 29, 2012, respectively.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">As of February 28, 2012, there were accrued liabilities in the amount of $10,446 owed to related parties. These amounts related primarily to accrued compensation which was paid during the year ended February 28, 2013.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The above terms and amounts are not necessarily indicative of the terms and amounts that would have been incurred had comparable transactions been entered into with independent parties.</p> <!--EndFragment--></div> </div> 8464 36974 13801 22000 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">RESEARCH AND DEVELOPMENT EXPENSES - Expenditures for research, development, and engineering of products are expensed as incurred.</p> <!--EndFragment--></div> </div> -4563705 -4248529 -4496648 -4123472 -67057 -125057 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">REVENUE AND COST RECOGNITION - The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured. Revenue is recognized net of sales returns and allowances.</p> <!--EndFragment--></div> </div> 114024 72256 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes.</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="204">&nbsp;</td> <td width="16">&nbsp;</td> <td width="12">&nbsp;</td> <td width="80">&nbsp;</td> <td width="16">&nbsp;</td> <td width="13">&nbsp;</td> <td width="78">&nbsp;</td> <td width="8">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="92" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended<br /> February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="92" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended<br /> February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="204"> <p style="MARGIN: 0px">Tax benefit at U.S. statutory rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">102,612</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">1,144,800</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="MARGIN: 0px">Non deductible stock based compensation</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">(1,050,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="204"> <p style="MARGIN: 0px">Valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">(102,612</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="16"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">(94,800</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="8"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="204"> <p style="MARGIN: 0px">Tax benefit</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="80"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="8"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> </table> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px">The Company as a result restated the consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>On The Move Systems Corp.</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>RESTATED CONSOLIDATED BALANCE SHEETS</strong></p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="354">&nbsp;</td> <td width="11">&nbsp;</td> <td width="85">&nbsp;</td> <td width="22">&nbsp;</td> <td width="83">&nbsp;</td> <td width="23">&nbsp;</td> <td width="30">&nbsp;</td> <td width="10">&nbsp;</td> <td width="85">&nbsp;</td> <td width="12">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="353" colspan="8"> <p style="MARGIN: 0px; text-align: center"><strong>February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Total current assets</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">44,522</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">44,522</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Fixed assets, net of accumulated depreciation of $26,871</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">32,625</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">32,625</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Intangible assets, net of accumulated amortization of $7,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">12,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(12,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">54,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(54,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">TOTAL ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">144,204</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">77,147</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">761,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">761,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Stockholders&#39; Deficit:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Additional paid-in capital</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Accumulated deficit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(4,496,648</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(67,057</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">(2)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(4,563,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(617,648</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(684,705</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="354"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="354"> <p style="MARGIN: 0px">TOTAL LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">144,204</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">77,147</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="353">&nbsp;</td> <td width="11">&nbsp;</td> <td width="84">&nbsp;</td> <td width="21">&nbsp;</td> <td width="85">&nbsp;</td> <td width="23">&nbsp;</td> <td width="29">&nbsp;</td> <td width="14">&nbsp;</td> <td width="81">&nbsp;</td> <td width="13">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="352" colspan="8"> <p style="MARGIN: 0px; text-align: center"><strong>February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="95" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">ASSETS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Total current assets</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">41,527</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">41,527</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Fixed assets, net of accumulated depreciation of $21,657</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">37,839</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">37,839</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Intangible assets, net of accumulated amortization of $3,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">16,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(16,333</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">108,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(108,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">TOTAL ASSETS</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">204,423</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">79,366</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">448,895</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">448,895</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px"> Stockholders&#39; Deficit:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">1,850</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Additional paid-in capital</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">3,877,150</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">Accumulated deficit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">(4,123,472</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px; text-align: right">(125,057</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="MARGIN: 0px">(3)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,248,529</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">(244,472</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(369,529</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="353"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="11"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="85"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="14"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="353"> <p style="MARGIN: 0px 0px 0px 11px; TEXT-INDENT: -11px">TOTAL LIABILITIES AND STOCKHOLDERS&#39; DEFICIT</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="84"> <p style="MARGIN: 0px; text-align: right">204,423</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="21"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="85"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="23"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="29"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="14"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">79,366</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="13"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>On The Move Systems Corp.</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS</strong></p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="345">&nbsp;</td> <td width="19">&nbsp;</td> <td width="81">&nbsp;</td> <td width="19">&nbsp;</td> <td width="102">&nbsp;</td> <td width="31">&nbsp;</td> <td width="18">&nbsp;</td> <td width="83">&nbsp;</td> <td width="18">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="355" colspan="7"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended February 28, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="102" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px">GROSS PROFIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">44,215</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">44,215</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px">Selling, general and administrative expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">352,793</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: right">(4,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">348,793</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">LOSS FROM OPERATIONS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(308,578</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(304,578</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">OTHER EXPENSE:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Impairment of goodwill</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(54,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="MARGIN: 0px; text-align: right">54,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;&nbsp;(5)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">-&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Interest expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(10,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(10,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(373,176</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(315,176</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss per share - basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(0.02</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">(0.02</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="345"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="345"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Weighted average number of common shares outstanding-<br /> basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">18,500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="19"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="102"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="31"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="83"> <p style="MARGIN: 0px; text-align: right">18,500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="346">&nbsp;</td> <td width="18">&nbsp;</td> <td width="81">&nbsp;</td> <td width="18">&nbsp;</td> <td width="103">&nbsp;</td> <td width="30">&nbsp;</td> <td width="18">&nbsp;</td> <td width="82">&nbsp;</td> <td width="18">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="355" colspan="7"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended February 29, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As originally</strong><br /> <strong>reported</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: center"> <strong>Adjustments</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="101" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>As Restated</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="100" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="101" colspan="2"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px">GROSS PROFIT</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">39,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">39,852</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px">Selling, general and administrative expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">4,113,886</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: right">(3,667</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">4,110,219</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">LOSS FROM OPERATIONS</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,074,034</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(4,070,367</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">OTHER EXPENSE:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Loss on acquisition of Crawford Mobile Install</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="MARGIN: 0px; text-align: right">(128,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">) (4)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(128,724</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -12px">Interest expense</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(14,373</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(14,373</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(4,088,407</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(4,213,464</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Net loss per share - basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">(0.27</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">(0.28</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="346"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="346"> <p style="MARGIN: 0px 0px 0px 16px; TEXT-INDENT: -16px">Weighted average number of common shares outstanding-<br /> basic and fully diluted</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="81"> <p style="MARGIN: 0px; text-align: right">14,987,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="103"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> &nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="30"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="82"> <p style="MARGIN: 0px; text-align: right">14,987,705</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccecff" valign="bottom" width="18"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Adjustments to consolidated financial statements:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="24">&nbsp;</td> <td width="696">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(1)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Remove intangible assets and goodwill from the consolidated balance sheets.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(2)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Loss on acquisition of CMI for the year ended February 29, 2012 in the amount of $128,724 offset by the reversal of the impairment of goodwill in the amount of $54,000 and amortization of intangibles of $7,667.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(3)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Loss on acquisition of CMI in the amount of $128,724 offset by the reversal of the amortization of intangibles of $3,667.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(4)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Reverse amortization of intangible assets.</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(5)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Reverse impairment of goodwill</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="top" width="24"> <p style="MARGIN: 0px">(6)</p> </td> <td style="MARGIN-TOP: 0px" valign="top" width="696"> <p style="MARGIN: 0px">Recognize loss on acquisition of CMI.</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">The following table summarizes the book values of the assets acquired and liabilities assumed at the date of acquisition:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="264">&nbsp;</td> <td width="17">&nbsp;</td> <td width="15">&nbsp;</td> <td width="65">&nbsp;</td> <td width="15">&nbsp;</td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="80" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Amount</strong></p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Cash</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">2,300</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Accounts receivable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">2,042</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Inventory</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">450</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Fixed assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">19,047</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Total assets acquired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">23,839</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Debt assumed (accounts and notes payable)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">52,563</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Net liabilities acquired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">(28,724</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">Cash payment at closing</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">10,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Note payable to John Crawford</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">90,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="264"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="264"> <p style="MARGIN: 0px">Total purchase price</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="17"> <p style="MARGIN: 0px">&nbsp;</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">100,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px">&nbsp;</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> 348793 4110219 352793 4113886 -4000 -3667 3750000 -684705 -369529 26435 1850 1850 1250 3877150 3877150 60250 -35065 -617648 -244472 4500000 4500000 1500000 67050 450 67500 67500 3749850 150 3750000 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>10. Subsequent Events</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure.</p> <!--EndFragment--></div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px">USE OF ESTIMATES - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <!--EndFragment--></div> </div> 18500000 14987705 18500000 14987705 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure 0001498148 us-gaap:AdditionalPaidInCapitalMember 2012-03-01 2013-02-28 0001498148 us-gaap:ScenarioPreviouslyReportedMember 2012-03-01 2013-02-28 0001498148 us-gaap:RetainedEarningsMember 2012-03-01 2013-02-28 0001498148 us-gaap:RestatementAdjustmentMember 2012-03-01 2013-02-28 0001498148 us-gaap:CommonStockMember 2012-03-01 2013-02-28 0001498148 2012-03-01 2013-02-28 0001498148 omvs:PromissoryNoteTwoMember 2012-01-01 2012-01-31 0001498148 omvs:PromissoryNoteOneMember 2011-10-01 2011-11-03 0001498148 us-gaap:AdditionalPaidInCapitalMember 2011-03-01 2012-02-29 0001498148 us-gaap:ScenarioPreviouslyReportedMember 2011-03-01 2012-02-29 0001498148 us-gaap:RetainedEarningsMember 2011-03-01 2012-02-29 0001498148 us-gaap:RestatementAdjustmentMember 2011-03-01 2012-02-29 0001498148 us-gaap:CommonStockMember 2011-03-01 2012-02-29 0001498148 2011-03-01 2012-02-29 0001498148 omvs:CrawfordMobileInstallMember 2011-03-01 2011-03-25 0001498148 omvs:PromissoryNoteOneMember 2011-02-01 2011-02-28 0001498148 2013-05-29 0001498148 us-gaap:AdditionalPaidInCapitalMember 2013-02-28 0001498148 us-gaap:ScenarioPreviouslyReportedMember 2013-02-28 0001498148 us-gaap:RestatementAdjustmentMember 2013-02-28 0001498148 us-gaap:CommonStockMember 2013-02-28 0001498148 2013-02-28 0001498148 2012-08-31 0001498148 us-gaap:AdditionalPaidInCapitalMember 2012-02-29 0001498148 us-gaap:ScenarioPreviouslyReportedMember 2012-02-29 0001498148 us-gaap:RestatementAdjustmentMember 2012-02-29 0001498148 omvs:PromissoryNoteOneMember 2012-02-29 0001498148 omvs:CrawfordMobileInstallMember 2012-02-29 0001498148 us-gaap:CommonStockMember 2012-02-29 0001498148 2012-02-29 0001498148 omvs:PromissoryNoteTwoMember 2012-01-31 0001498148 omvs:CrawfordMobileInstallMember 2011-03-25 0001498148 us-gaap:AdditionalPaidInCapitalMember 2011-02-28 0001498148 us-gaap:RetainedEarningsMember 2011-02-28 0001498148 omvs:PromissoryNoteOneMember 2011-02-28 0001498148 us-gaap:CommonStockMember 2011-02-28 0001498148 2011-02-28 Remove intangible assets and goodwill from the consolidated balance sheets. 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Fixed Assets [Abstract] Property, Plant and Equipment Disclosure [Text Block] Fixed Assets Depreciation Depreciation expense Related Party Transactions [Abstract] Related Party Transactions Disclosure [Text Block] Related Party Transactions Accrued liabilities owed to related parties Income Taxes [Abstract] Income Tax Disclosure [Text Block] Income Taxes Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Valuation allowance Income Tax Expense (Benefit) Tax benefit Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount Valuation allowance Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount Tax benefit at U.S. statutory rate Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount Non deductible stock based compensation Subsequent Events [Abstract] Subsequent Events [Text Block] Subsequent Events Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Schedule of Income Tax Benefit Total purchase price The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. 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$0.0001 par value 18,500,000 shares issued and outstanding Common Stock, Value, Issued Equity [Abstract] Stockholders' Deficit: Error Corrections and Prior Period Adjustments Restatement [Line Items] Intangible asset - customer list, net of accumulated amortization of $7,667 and $3,667 Intangible Assets, Net (Excluding Goodwill) Liabilities TOTAL LIABILITIES Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Liabilities and Equity [Abstract] LIABILITIES AND STOCKHOLDERS' DEFICIT Preferred Stock, Value, Issued Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding Property, Plant and Equipment, Net Fixed assets, net of accumulated depreciation of $26,871 and $21,657 Restatement Adjustment [Member] Adjustments [Member] Retained Earnings (Accumulated Deficit) Accumulated deficit Scenario, Previously Reported [Member] As originally reported [Member] Scenario, Unspecified [Domain] Schedule of Error Corrections and Prior Period Adjustment Restatement [Table] CONSOLIDATED BALANCE SHEETS [Abstract] Scenario [Axis] TOTAL STOCKHOLDERS' DEFICIT Stockholders' Equity Attributable to Parent ASSETS RESTATED CONSOLIDATED BALANCE SHEETS [Abstract] Fixed assets, accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Common Stock, Par or Stated Value Per Share Common stock, par value per share Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued Common stock, shares outstanding Common Stock, Shares, Outstanding Intangible assets, accumulated amortization Finite-Lived Intangible Assets, Accumulated Amortization Preferred Stock, Par or Stated Value Per Share Preferred stock, par value per share Preferred Stock, Shares Authorized Preferred stock, shares authorized Preferred Stock, Shares Issued Preferred stock, shares issued Preferred Stock, Shares Outstanding Preferred stock, shares outstanding EX-101.PRE 7 omvs-20130228_pre.xml XBRL PRESENTATION FILE EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0#4VKBTTP$``!\5```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,F%U/PC`4AN]-_`]+;PWK MVBFB87#AQZ62B#^@K@>VL+5-6Q#^O=WXB"&((9)X;EC8VO,^Z\63[.T/EW45 M+<"Z4JN,L#@A$:A)%V::^5!^8YO9I!!_Q$F M8E[YZ&D9;J])+%2.1`_KA4U61H0Q59D+'TCI0LF]E,XF(0X[VS6N*(V["AB$ M'DQHGOPAJ#L[P/?9QSA"C36RVKA0Z%DX M_12VC5VSNV/"(+"^A%UG=ZC[VB6&,O#TP+WR#9JZ48(\D$W;>G/P!0``__\# M`%!+`P04``8`"````"$`M54P(_4```!,`@``"P`(`E]R96QS+RYR96QS(*($ M`BB@``(````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````````(R2ST[#,`S&[TB\0^3[ZFY("*&ENTQ( MNR%4'L`D[A^UC:,D0/?VA`."2F/;T?;GSS];WN[F:50?'&(O3L.Z*$&Q,V)[ MUVIXK9]6#Z!B(F=I%,<:CAQA5]W>;%]XI)2;8M?[J+*+BQJZE/PC8C0=3Q0+ M\>QRI9$P4P>J/OH\^;*W-$UO>"_F M?6*73HQ`GA,[RW;E0V8+J<_;J)I"RTF#%?.&PO7W)E;',O=V]R:V)O;VLN M>&UL+G)E;',@H@0!**```0`````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``"\6,MJPS`0O!?Z#T;W1ME5FSZ(DTLIY-K'!PA;B4TY>GE^N+A168BV+6W3 MM2Y7>Q?4UML[<9IGDYGVI_64(L?-;-5F2N_*LFH['G?IZ/_+]ZMUW7A[KOB=>?: M^,L9^KWSVU`Y%U-1ZS%5,TMP0Y.9R3#@A[IO4BH.*O];H_.LQCQ^:YHA@V/KNHVL$AE@8#3&$(TT. 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Going Concern (Details) (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Going Concern [Abstract]    
Net loss $ 315,176 $ 4,213,464

XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Presentation and Accounting Policies
12 Months Ended
Feb. 28, 2013
Basis of Presentation and Accounting Policies [Abstract]  
Basis of Presentation and Accounting Policies

3. Basis of Presentation and Accounting Policies


BASIS OF PRESENTATION - The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC.  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. See Note 2 regarding the assumption that the Company is a going concern.  


PRINCIPLES OF CONSOLIDATION - The consolidated financial statements include the accounts On the Move Systems Corp. and our wholly-owned subsidiary, Crawford Mobile Installation Corp.  All material intercompany accounts and transactions are eliminated in consolidation. The year end for the Company and its subsidiary is February 28.  


USE OF ESTIMATES - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


CASH AND CASH EQUIVALENTS - All cash, other than cash held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.


INVENTORY - Inventory represents purchased aftermarket electronic products and other items valued at the lower of cost or market with cost determined using the specific identification method, and with market defined as the lower of replacement cost or realizable value.


FIXED ASSETS - Fixed assets of the Company include vehicles and are stated at cost. In accordance with ASC Topic 360, expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.


Depreciation is provided principally on the straight-line method over the estimated useful lives of four years for financial reporting purposes.


REVENUE AND COST RECOGNITION - The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured. Revenue is recognized net of sales returns and allowances.


ADVERTISING COSTS - The Company's policy regarding advertising is to expense advertising when incurred.


RESEARCH AND DEVELOPMENT EXPENSES - Expenditures for research, development, and engineering of products are expensed as incurred.


INCOME TAXES - Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes resulting from temporary differences. Such temporary differences result from differences in the carrying value of assets and liabilities for tax and financial reporting purposes. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.


The Company adopted the provisions of FASB ASC 740-10 "Uncertainty in Income Taxes" (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.


EARNINGS (LOSS) PER SHARE - Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average common shares outstanding for the period. Diluted loss per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the exercise of stock options and warrants and the conversion of notes payable to common stock. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company's convertible debt is considered anti-dilutive due to the Company's net loss for the year ended February 28, 2013 and February 29, 2012. As a result, the Company did not have any potentially dilutive common shares for those periods.


FINANCIAL INSTRUMENTS - In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 "Fair Value Measurements and Disclosures" (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:


     

 

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Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

 

 

 

·

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

 

 

·

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.


Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company's notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value.


RECENT ACCOUNTING PRONOUNCEMENTS


We have reviewed the FASB issued Accounting Standards Update, accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

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M97AT4&%R=%\Q.#-E8S)E-%\P9#!F7S1A9CA?8CDQ.%]B83-F-C0P9#4V.6(- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3@S96,R931?,&0P9E\T M868X7V(Y,3A?8F$S9C8T,&0U-CEB+U=O&UL M#0I#;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE M#0I#;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U XML 13 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fixed Assets (Details) (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Fixed Assets [Abstract]    
Depreciation expense $ 5,214 $ 4,498

XML 14 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition of CMI and Goodwill (Schedule of Assets Acquired and Liabilities Assumed) (Details) (Crawford Mobile Install ("CMI") [Member], USD $)
Mar. 25, 2011
Crawford Mobile Install ("CMI") [Member]
 
Business Acquisition [Line Items]  
Cash $ 2,300
Accounts receivable 2,042
Inventory 450
Fixed assets 19,047
Total assets acquired 23,839
Debt assumed (accounts and notes payable) 52,563
Net assets acquired (28,724)
Cash payment at closing 10,000
Note payable to John Crawford 90,000
Total purchase price $ 100,000
XML 15 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions (Details) (USD $)
1 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Mar. 25, 2011
Crawford Mobile Install ("CMI") [Member]
Business Acquisition [Line Items]      
Purchase price     $ 100,000
Cash payment at closing     10,000
Note payable to John Crawford     90,000
Interest annual rate     10.00%
Monthly installments     2,500
Maturity date     Feb. 01, 2014
Note payable to related party 65,395 79,196  
Accrued liabilities owed to related parties    $ 10,446  
XML 16 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details) (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Income Taxes [Abstract]    
Tax benefit at U.S. statutory rate $ 102,612 $ 1,144,800
Non deductible stock based compensation    (1,050,000)
Valuation allowance (102,612) (94,800)
Tax benefit      
Valuation allowance 100.00%  
XML 17 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern
12 Months Ended
Feb. 28, 2013
Going Concern [Abstract]  
Going Concern

2. Going Concern


The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. For the year ended February 28, 2013, the Company had a net loss of $315,176. The Company has not generated positive cash flow from operations since inception and does not expect to generate positive cash flow from operations during the coming year. In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to achieve a level of profitability which would generate positive cash flow or from its ability to raise adequate capital either from sales of equity securities or the issuance of debt. The Company intends on financing its operations and its working capital needs largely through the issuance of debt. There is no assurance that the Company will be able to obtain adequate financing when needed or that such financing will be available on terms that are acceptable to the Company. The consolidated financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML 18 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable (Details) (USD $)
12 Months Ended 1 Months Ended 1 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Nov. 03, 2011
February 28, 2011 Convertible Note [Member]
Feb. 28, 2011
February 28, 2011 Convertible Note [Member]
Feb. 29, 2012
February 28, 2011 Convertible Note [Member]
Jan. 31, 2012
January 31, 2012 Convertible Promissory Note [Member]
Debt Instrument [Line Items]            
Issuance date       Feb. 08, 2011   Jan. 31, 2012
Convertible note payable       $ 100,100   $ 281,192
Interest annual rate       7.00%   10.00%
Maturity date       Feb. 27, 2013   Feb. 28, 2015
Debt convertible into common stock, price per share       $ 0.015   $ 0.01
Amount of note converted into shares of common stock   67,500 67,500      
Stock issued for conversion of debt, shares     4,500,000      
Convertible note payable 313,792 32,600     32,600  
Advances for working capital $ 255,941 $ 284,938        
XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Feb. 28, 2013
Feb. 29, 2012
Current Assets:    
Cash and cash equivalents $ 18,718 $ 18,690
Accounts receivable 3,794 5,702
Inventory 22,010 17,135
Total current assets 44,522 41,527
Fixed assets, net of accumulated depreciation of $26,871 and $21,657 32,625 37,839
TOTAL ASSETS 77,147 79,366
Current Liabilities:    
Accounts payable and accrued expenses 107,200 28,071
Accounts payable and accrued expenses - related party    10,446
Current portion of notes payable and accrued interest payable 273,462 288,115
Total Current Liabilities 380,662 326,632
Convertible note payable 313,792 32,600
Notes payable 2,003 10,467
Note payable to related party 65,395 79,196
TOTAL LIABILITIES 761,852 448,895
Stockholders' Deficit:    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding      
Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding 1,850 1,850
Additional paid-in capital 3,877,150 3,877,150
Accumulated deficit (4,563,705) (4,248,529)
TOTAL STOCKHOLDERS' DEFICIT (684,705) (369,529)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 77,147 $ 79,366
XML 20 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
OPERATING ACTIVITIES:    
Net loss $ (315,176) $ (4,213,464)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,214 4,498
Stock-based compensation    3,750,000
Loss on acquisition of Crawford Mobile Install    128,724
Changes in operating assets and liabilities    
Accounts receivable 1,908 (3,660)
Inventory (4,875) (16,685)
Accounts payable and accrued liabilities 68,683 31,170
Accrued interest payable 10,598 14,373
Net cash used in operating activities (233,648) (305,044)
INVESTING ACTIVITIES:    
Acquisition of Crawford Mobile, net of cash acquired    (7,700)
Purchases of fixed assets    (23,290)
Net cash used by investing activities    (30,990)
FINANCING ACTIVITIES:    
Proceeds from advances 255,941 284,938
Proceeds from issuance of common stock      
Repayments of notes payable (8,464) (36,974)
Repayments of notes payable to related parties (13,801) (22,000)
Net cash provided by financing activities 233,676 225,964
NET CHANGE IN CASH 28 (110,070)
CASH, BEGINNING OF PERIOD 18,690 128,760
CASH, END OF PERIOD 18,718 18,690
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for: Interest      
Cash paid during the period for: Taxes      
Noncash Investing and Financing Transactions:    
Acquisition of Crawford Mobile Installation for note payable    $ 90,000
XML 21 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background Information (Restated Consolidated Balance Sheets) (Details) (USD $)
Feb. 28, 2013
Feb. 29, 2012
Feb. 28, 2011
ASSETS      
Total current assets $ 44,522 $ 41,527  
Fixed assets, net of accumulated depreciation of $26,871 and $21,657 32,625 37,839  
Intangible asset - customer list, net of accumulated amortization of $7,667 and $3,667        
Goodwill        
TOTAL ASSETS 77,147 79,366  
LIABILITIES AND STOCKHOLDERS' DEFICIT      
TOTAL LIABILITIES 761,852 448,895  
Stockholders' Deficit:      
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding        
Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding 1,850 1,850  
Additional paid-in capital 3,877,150 3,877,150  
Accumulated deficit (4,563,705) (4,248,529)  
TOTAL STOCKHOLDERS' DEFICIT (684,705) (369,529) 26,435
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 77,147 79,366  
As originally reported [Member]
     
ASSETS      
Total current assets 44,522 41,527  
Fixed assets, net of accumulated depreciation of $26,871 and $21,657 32,625 37,839  
Intangible asset - customer list, net of accumulated amortization of $7,667 and $3,667 12,333 16,333  
Goodwill 54,724 108,724  
TOTAL ASSETS 144,204 204,423  
LIABILITIES AND STOCKHOLDERS' DEFICIT      
TOTAL LIABILITIES 761,852 448,895  
Stockholders' Deficit:      
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding        
Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding 1,850 1,850  
Additional paid-in capital 3,877,150 3,877,150  
Accumulated deficit (4,496,648) (4,123,472)  
TOTAL STOCKHOLDERS' DEFICIT (617,648) (244,472)  
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 144,204 204,423  
Adjustments [Member]
     
ASSETS      
Intangible asset - customer list, net of accumulated amortization of $7,667 and $3,667 (12,333) [1] (16,333) [1]  
Goodwill (54,724) [1] (108,724) [1]  
Stockholders' Deficit:      
Accumulated deficit $ (67,057) [2] $ (125,057) [3]  
[1] Remove intangible assets and goodwill from the consolidated balance sheets.
[2] Loss on acquisition of CMI for the year ended February 29, 2012 in the amount of $128,724 offset by the reversal of the impairment of goodwill in the amount of $54,000 and amortization of intangibles of $7,667.
[3] Loss on acquisition of CMI in the amount of $128,724 offset by the reversal of the amortization of intangibles of $3,667.
XML 22 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background Information (Restated Consolidated Statements of Operations) (Details) (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
GROSS PROFIT $ 44,215 $ 39,852
Selling, general and administrative expense 348,793 4,110,219
LOSS FROM OPERATIONS (304,578) (4,070,367)
OTHER EXPENSE:    
Loss on acquisition of Crawford Mobile Install    (128,724)
Interest expense (10,598) (14,373)
Net loss (315,176) (4,213,464)
Net loss per share - basic and fully diluted $ (0.02) $ (0.28)
Weighted average number of common shares outstanding- basic and fully diluted 18,500,000 14,987,705
As originally reported [Member]
   
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
GROSS PROFIT 44,215 39,852
Selling, general and administrative expense 352,793 4,113,886
LOSS FROM OPERATIONS (308,578) (4,074,034)
OTHER EXPENSE:    
Impairment of goodwill (54,000)  
Loss on acquisition of Crawford Mobile Install     
Interest expense (10,598) (14,373)
Net loss (373,176) (4,088,407)
Net loss per share - basic and fully diluted $ (0.02) $ (0.27)
Weighted average number of common shares outstanding- basic and fully diluted 18,500,000 14,987,705
Adjustments [Member]
   
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Selling, general and administrative expense (4,000) [1] (3,667) [1]
OTHER EXPENSE:    
Impairment of goodwill 54,000 [2]  
Loss on acquisition of Crawford Mobile Install   $ (128,724) [3]
[1] Reverse amortization of intangible assets.
[2] Reverse impairment of goodwill
[3] Recognize loss on acquisition of CMI.
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Background Information
12 Months Ended
Feb. 28, 2013
Background Information [Abstract]  
Background Information

1. Background Information


On The Move Systems Corp., a Florida corporation ("we", "us", "our", "OMVS", or the "Company"), was formed to provide mobile electronic services to automobile, recreational vehicle and boat dealerships, government agencies as well as individual consumers. The Company installs its inventoried after market electronic products desired by the customer at their location. The Company was incorporated on March 25, 2010 with its corporate headquarters located in Tampa, Florida.


On March 25, 2011, Crawford Mobile Installation Corp. ("CMIC"), a wholly owned subsidiary of the Company acquired all of the assets and assumed certain liabilities of Crawford Mobile Install ("CMI"). The assets of CMI included cash, inventory, a vehicle and installation equipment. On the date of the acquisition, a material relationship existed between the parties, because John Crawford was the sole officer and director of both the Company and CMIC as well as being the sole proprietor of CMI. The purchase price for the assets and liabilities of CMI was $100,000.


Restatement


On June 11, 2014, the Company determined that due to an error in accounting for our acquisition of Crawford Mobile Install ("CMI"), the Company's consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012 should no longer be relied upon. The purpose of this restatement is to correct the accounting for our acquisition of Crawford Mobile Install ("CMI"). In the Original Filing, the acquisition of CMI was accounted for as an acquisition of a business. However, since John Crawford was our CEO at the time of the acquisition and also owned all of CMI, the acquisition should have been accounted for as a business acquired from an entity under common control according to ASC 805-50-30. We had originally recognized intangible assets and goodwill as a result of the acquisition of CMI. According to ASC 805-50-30, neither should have been recognized. As a result of the restatement, goodwill in the amount of $108,724 and intangible assets in the amount of $20,000 have be removed from assets. In addition, we recognized a loss on the acquisition of CMI in the amount of $128,724.


The Company as a result restated the consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012.


On The Move Systems Corp.

RESTATED CONSOLIDATED BALANCE SHEETS


                   

 

February 28, 2013

 

 

As originally
reported

 

Adjustments

 

 

As Restated

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Total current assets

$

44,522

 

 

 

 

$

44,522

 

 

 

 

 

 

 

 

 

 

 

Fixed assets, net of accumulated depreciation of $26,871

 

32,625

 

 

 

 

 

32,625

 

Intangible assets, net of accumulated amortization of $7,667

 

12,333

 

(12,333

)

(1)

 

-

 

Goodwill

 

54,724

 

(54,724

)

(1)

 

-

 

TOTAL ASSETS

$

144,204

 

 

 

 

$

77,147

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

761,852

 

 

 

 

 

761,852

 

 

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

 

Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding

 

-

 

 

 

 

 

-

 

Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding

 

1,850

 

 

 

 

 

1,850

 

Additional paid-in capital

 

3,877,150

 

 

 

 

 

3,877,150

 

Accumulated deficit

 

(4,496,648

)

(67,057

)

(2)

 

(4,563,705

)

TOTAL STOCKHOLDERS' DEFICIT

 

(617,648

)

 

 

 

 

(684,705

)

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

144,204

 

 

 

 

$

77,147

 



                   

 

February 29, 2012

 

 

As originally
reported

 

Adjustments

 

 

As Restated

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Total current assets

$

41,527

 

 

 

 

$

41,527

 

 

 

 

 

 

 

 

 

 

 

Fixed assets, net of accumulated depreciation of $21,657

 

37,839

 

 

 

 

 

37,839

 

Intangible assets, net of accumulated amortization of $3,667

 

16,333

 

(16,333

)

(1)

 

-

 

Goodwill

 

108,724

 

(108,724

)

(1)

 

-

 

TOTAL ASSETS

$

204,423

 

 

 

 

$

79,366

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

448,895

 

 

 

 

 

448,895

 

 

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

 

Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding

 

-

 

-

 

 

 

-

 

Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding

 

1,850

 

-

 

 

 

1,850

 

Additional paid-in capital

 

3,877,150

 

-

 

 

 

3,877,150

 

Accumulated deficit

 

(4,123,472

)

(125,057

)

(3)

 

(4,248,529

)

TOTAL STOCKHOLDERS' DEFICIT

 

(244,472

)

 

 

 

 

(369,529

)

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

204,423

 

 

 

 

$

79,366

 


On The Move Systems Corp.

CONSOLIDATED STATEMENTS OF OPERATIONS


                 

 

Year Ended February 28, 2013

 

 

As originally
reported

 

Adjustments

 

As Restated

 

 

 

 

 

 

 

 

GROSS PROFIT

$

44,215

 

 

 

 

44,215

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expense

 

352,793

 

(4,000

) (4)

 

348,793

 

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(308,578

)

 

 

 

(304,578

)

 

 

 

 

 

 

 

 

 

OTHER EXPENSE:

 

 

 

 

 

 

 

 

Impairment of goodwill

 

(54,000

)

54,000

  (5)

 

 

Interest expense

 

(10,598

)

 

 

 

(10,598

)

 

 

 

 

 

 

 

 

 

Net loss

$

(373,176

)

 

 

$

(315,176

)

 

 

 

 

 

 

 

 

 

Net loss per share - basic and fully diluted

$

(0.02

)

 

 

$

(0.02

)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding-
basic and fully diluted

 

18,500,000

 

 

 

 

18,500,000

 



                 

 

Year Ended February 29, 2012

 

 

As originally
reported

 

Adjustments

 

As Restated

 

 

 

 

 

 

 

 

GROSS PROFIT

$

39,852

 

 

 

$

39,852

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expense

 

4,113,886

 

(3,667

) (4)

 

4,110,219

 

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(4,074,034

)

 

 

 

(4,070,367

)

 

 

 

 

 

 

 

 

 

OTHER EXPENSE:

 

 

 

 

 

 

 

 

Loss on acquisition of Crawford Mobile Install

 

-

 

(128,724

) (4)

 

(128,724

)

Interest expense

 

(14,373

)

 

 

 

(14,373

)

 

 

 

 

 

 

 

 

 

Net loss

$

(4,088,407

)

 

 

$

(4,213,464

)

 

 

 

 

 

 

 

 

 

Net loss per share - basic and fully diluted

$

(0.27

)

 

 

$

(0.28

)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding-
basic and fully diluted

 

14,987,705

 

 

 

 

14,987,705

 



Adjustments to consolidated financial statements:


   

(1)

Remove intangible assets and goodwill from the consolidated balance sheets.

(2)

Loss on acquisition of CMI for the year ended February 29, 2012 in the amount of $128,724 offset by the reversal of the impairment of goodwill in the amount of $54,000 and amortization of intangibles of $7,667.

(3)

Loss on acquisition of CMI in the amount of $128,724 offset by the reversal of the amortization of intangibles of $3,667.

(4)

Reverse amortization of intangible assets.

(5)

Reverse impairment of goodwill

(6)

Recognize loss on acquisition of CMI.


XML 25 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Feb. 28, 2013
Feb. 29, 2012
CONSOLIDATED BALANCE SHEETS [Abstract]    
Fixed assets, accumulated depreciation $ 26,871 $ 21,657
Preferred stock, par value per share $ 0.0001 $ 0.0001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, shares authorized 100,000,000 100,000,000
Common stock, par value per share $ 0.0001 $ 0.0001
Common stock, shares issued 18,500,000 18,500,000
Common stock, shares outstanding 18,500,000 18,500,000
XML 26 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Presentation and Accounting Policies (Policies)
12 Months Ended
Feb. 28, 2013
Basis of Presentation and Accounting Policies [Abstract]  
BASIS OF PRESENTATION

BASIS OF PRESENTATION - The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC.  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. See Note 2 regarding the assumption that the Company is a going concern.  

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION - The consolidated financial statements include the accounts On the Move Systems Corp. and our wholly-owned subsidiary, Crawford Mobile Installation Corp.  All material intercompany accounts and transactions are eliminated in consolidation. The year end for the Company and its subsidiary is February 28.  

USE OF ESTIMATES

USE OF ESTIMATES - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS - All cash, other than cash held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents.

INVENTORY

INVENTORY - Inventory represents purchased aftermarket electronic products and other items valued at the lower of cost or market with cost determined using the specific identification method, and with market defined as the lower of replacement cost or realizable value.

FIXED ASSETS

FIXED ASSETS - Fixed assets of the Company include vehicles and are stated at cost. In accordance with ASC Topic 360, expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.


Depreciation is provided principally on the straight-line method over the estimated useful lives of four years for financial reporting purposes.

REVENUE AND COST RECOGNITION

REVENUE AND COST RECOGNITION - The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured. Revenue is recognized net of sales returns and allowances.

ADVERTISING COSTS

ADVERTISING COSTS - The Company's policy regarding advertising is to expense advertising when incurred.

RESEARCH AND DEVELOPMENT EXPENSES

RESEARCH AND DEVELOPMENT EXPENSES - Expenditures for research, development, and engineering of products are expensed as incurred.

INCOME TAXES

INCOME TAXES - Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes resulting from temporary differences. Such temporary differences result from differences in the carrying value of assets and liabilities for tax and financial reporting purposes. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.


The Company adopted the provisions of FASB ASC 740-10 "Uncertainty in Income Taxes" (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10. If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE - Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average common shares outstanding for the period. Diluted loss per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the exercise of stock options and warrants and the conversion of notes payable to common stock. In periods in which a net loss has been incurred, all potentially dilutive common shares are considered anti-dilutive and thus are excluded from the calculation. The Company's convertible debt is considered anti-dilutive due to the Company's net loss for the year ended February 28, 2013 and February 29, 2012. As a result, the Company did not have any potentially dilutive common shares for those periods.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS - In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 "Fair Value Measurements and Disclosures" (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:


     

 

·

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

 

 

 

·

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

 

 

 

·

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.


Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, accrued compensation and accrued expenses. The fair value of the Company's notes payable is estimated based on current rates that would be available for debt of similar terms which is not significantly different from its stated value.

RECENT ACCOUNTING PRONOUNCEMENTS

RECENT ACCOUNTING PRONOUNCEMENTS


We have reviewed the FASB issued Accounting Standards Update, accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the Company's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

XML 27 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information (USD $)
12 Months Ended
Feb. 28, 2013
May 29, 2013
Aug. 31, 2012
Document And Entity Information [Abstract]      
Document Type 10-K/A    
Amendment Flag true    
Document Period End Date Feb. 28, 2013    
Entity Registrant Name ON THE MOVE SYSTEMS CORP.    
Entity Central Index Key 0001498148    
Current Fiscal Year End Date --02-28    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2013    
Entity Filer Category Smaller Reporting Company    
Entity Common Stock, Shares Outstanding   18,500,000  
Entity Public Float     $ 90,000
Entity Voluntary Filers No    
Entity Well-known Seasoned Issuer No    
Entity Current Reporting Status Yes    
Amendment Description On the Move Systems Corp. (the "Company" or "we") is filing this Amendment No. 2 (the "Second Amendment") to our Annual Report on Form 10-K for the year ended February 28, 2013, filed on June 13, 2013, (the "Original Filing"), as amended by Amendment 1 to the Form 10-K filed on July 26, 2013 (the "First Amendment") to restate and amend our previously issued audited consolidated financial statements and related disclosures for the years ended February 28, 2013 and February 29, 2012 previously included in the Original Filing. Background to the Restatement On June 11, 2014, the Company determined that due to an error in accounting for our acquisition of Crawford Mobile Install ("CMI"), the Company's consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012 should no longer be relied upon. The purpose of this restatement is to correct the accounting for our acquisition of Crawford Mobile Install ("CMI"). In the Original Filing, the acquisition of CMI was accounted for as an acquisition of a business. However, since John Crawford was our CEO at the time of the acquisition and also owned all of CMI, the acquisition should have been accounted for as a business acquired from an entity under common control according to ASC 805-50-30. We had originally recognized intangible assets and goodwill as a result of the acquisition of CMI. According to ASC 805-50-30, neither should have been recognized. As a result of the restatement, goodwill in the amount of $108,724 and intangible assets in the amount of $20,000 have be removed from assets. In addition, we recognized a loss on the acquisition of CMI in the amount of $128,724. Effects of Restatement As originally filed the Original Filing indicated that there were material weaknesses in our internal control over financial reporting and concluded that the Company did not maintain effective internal control over financial reporting as of February 28, 2013. Management has considered the effect of the restatement on our prior conclusions as to the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Management has concluded there is no change in the conclusion that our disclosure controls and procedures and internal control over financial reporting for such periods were not effective as of February 28, 2013. This Second Amendment amends and restates Items 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and 8 (Financial Statements and Supplementary Data) of Part II of the Original Filing, as necessary based on the restatement of our consolidated financial statements. Additionally, this Second Amendment replaces the interactive data files required by Item 601(b)(101) of Regulation S-K and Sections 405 and 406T of Regulation S-T, that were initially filed on the First Amendment. As required pursuant to the Securities and Exchange Act of 1934, as amended, the Second Amendment also includes updated certifications from the Company's Chief Executive Officer as Exhibits 31.1 and 32.1. Except as described above, this Second Amendment does not amend, update or change any other items or disclosures in the Original Filing and the First Amendment and does not purport to reflect any information or events subsequent to the filing thereof. Accordingly, this Second Amendment should be read in conjunction with the Original Filing and First Amendment.    
XML 28 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background Information (Tables)
12 Months Ended
Feb. 28, 2013
Background Information [Abstract]  
Schedule of Prior Period Adjustments

The Company as a result restated the consolidated financial statements as of and for the years ended February 28, 2013 and February 29, 2012.


On The Move Systems Corp.

RESTATED CONSOLIDATED BALANCE SHEETS


                   

 

February 28, 2013

 

 

As originally
reported

 

Adjustments

 

 

As Restated

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Total current assets

$

44,522

 

 

 

 

$

44,522

 

 

 

 

 

 

 

 

 

 

 

Fixed assets, net of accumulated depreciation of $26,871

 

32,625

 

 

 

 

 

32,625

 

Intangible assets, net of accumulated amortization of $7,667

 

12,333

 

(12,333

)

(1)

 

-

 

Goodwill

 

54,724

 

(54,724

)

(1)

 

-

 

TOTAL ASSETS

$

144,204

 

 

 

 

$

77,147

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

761,852

 

 

 

 

 

761,852

 

 

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

 

Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding

 

-

 

 

 

 

 

-

 

Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding

 

1,850

 

 

 

 

 

1,850

 

Additional paid-in capital

 

3,877,150

 

 

 

 

 

3,877,150

 

Accumulated deficit

 

(4,496,648

)

(67,057

)

(2)

 

(4,563,705

)

TOTAL STOCKHOLDERS' DEFICIT

 

(617,648

)

 

 

 

 

(684,705

)

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

144,204

 

 

 

 

$

77,147

 



                   

 

February 29, 2012

 

 

As originally
reported

 

Adjustments

 

 

As Restated

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Total current assets

$

41,527

 

 

 

 

$

41,527

 

 

 

 

 

 

 

 

 

 

 

Fixed assets, net of accumulated depreciation of $21,657

 

37,839

 

 

 

 

 

37,839

 

Intangible assets, net of accumulated amortization of $3,667

 

16,333

 

(16,333

)

(1)

 

-

 

Goodwill

 

108,724

 

(108,724

)

(1)

 

-

 

TOTAL ASSETS

$

204,423

 

 

 

 

$

79,366

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

448,895

 

 

 

 

 

448,895

 

 

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

 

Preferred stock; $0.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding

 

-

 

-

 

 

 

-

 

Common stock: 100,000,000 authorized; $0.0001 par value 18,500,000 shares issued and outstanding

 

1,850

 

-

 

 

 

1,850

 

Additional paid-in capital

 

3,877,150

 

-

 

 

 

3,877,150

 

Accumulated deficit

 

(4,123,472

)

(125,057

)

(3)

 

(4,248,529

)

TOTAL STOCKHOLDERS' DEFICIT

 

(244,472

)

 

 

 

 

(369,529

)

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

204,423

 

 

 

 

$

79,366

 


On The Move Systems Corp.

CONSOLIDATED STATEMENTS OF OPERATIONS


                 

 

Year Ended February 28, 2013

 

 

As originally
reported

 

Adjustments

 

As Restated

 

 

 

 

 

 

 

 

GROSS PROFIT

$

44,215

 

 

 

 

44,215

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expense

 

352,793

 

(4,000

) (4)

 

348,793

 

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(308,578

)

 

 

 

(304,578

)

 

 

 

 

 

 

 

 

 

OTHER EXPENSE:

 

 

 

 

 

 

 

 

Impairment of goodwill

 

(54,000

)

54,000

  (5)

 

 

Interest expense

 

(10,598

)

 

 

 

(10,598

)

 

 

 

 

 

 

 

 

 

Net loss

$

(373,176

)

 

 

$

(315,176

)

 

 

 

 

 

 

 

 

 

Net loss per share - basic and fully diluted

$

(0.02

)

 

 

$

(0.02

)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding-
basic and fully diluted

 

18,500,000

 

 

 

 

18,500,000

 



                 

 

Year Ended February 29, 2012

 

 

As originally
reported

 

Adjustments

 

As Restated

 

 

 

 

 

 

 

 

GROSS PROFIT

$

39,852

 

 

 

$

39,852

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expense

 

4,113,886

 

(3,667

) (4)

 

4,110,219

 

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

(4,074,034

)

 

 

 

(4,070,367

)

 

 

 

 

 

 

 

 

 

OTHER EXPENSE:

 

 

 

 

 

 

 

 

Loss on acquisition of Crawford Mobile Install

 

-

 

(128,724

) (4)

 

(128,724

)

Interest expense

 

(14,373

)

 

 

 

(14,373

)

 

 

 

 

 

 

 

 

 

Net loss

$

(4,088,407

)

 

 

$

(4,213,464

)

 

 

 

 

 

 

 

 

 

Net loss per share - basic and fully diluted

$

(0.27

)

 

 

$

(0.28

)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding-
basic and fully diluted

 

14,987,705

 

 

 

 

14,987,705

 



Adjustments to consolidated financial statements:


   

(1)

Remove intangible assets and goodwill from the consolidated balance sheets.

(2)

Loss on acquisition of CMI for the year ended February 29, 2012 in the amount of $128,724 offset by the reversal of the impairment of goodwill in the amount of $54,000 and amortization of intangibles of $7,667.

(3)

Loss on acquisition of CMI in the amount of $128,724 offset by the reversal of the amortization of intangibles of $3,667.

(4)

Reverse amortization of intangible assets.

(5)

Reverse impairment of goodwill

(6)

Recognize loss on acquisition of CMI.


XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
REVENUE $ 114,024 $ 72,256
COST OF GOODS SOLD 69,809 32,404
GROSS PROFIT 44,215 39,852
Selling, general and administrative expense 348,793 4,110,219
LOSS FROM OPERATIONS (304,578) (4,070,367)
OTHER EXPENSE:    
Loss on acquisition of Crawford Mobile Install    (128,724)
Interest expense (10,598) (14,373)
Net loss $ (315,176) $ (4,213,464)
Net loss per share - basic and fully diluted $ (0.02) $ (0.28)
Weighted average number of common shares outstanding- basic and fully diluted 18,500,000 14,987,705
XML 30 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fixed Assets
12 Months Ended
Feb. 28, 2013
Fixed Assets [Abstract]  
Fixed Assets

6. Fixed Assets


Fixed assets of the Company include vehicles and are stated at cost. Expenditures for fixed assets which substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred.


Depreciation is provided principally on the straight-line method over the estimated useful lives ranging of four years for financial reporting purposes. The Company recognized depreciation expense of $5,214 and $4,498 during the years ended February 28, 2013 and February 29, 2012.

XML 31 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition of CMI and Goodwill
12 Months Ended
Feb. 28, 2013
Acquisition of CMI and Goodwill [Abstract]  
Acquisition of CMI and Goodwill

5. Acquisition of CMI and Goodwill


On March 25, 2011, the Company purchased the assets and businesses of CMI, a sole proprietorship owned by the Company's sole officer and director, in execution of its business plan. The terms of the acquisition required a down payment of $10,000 payable at closing with a Promissory Note for $90,000, at 10% interest rate, payable in monthly installments of $2,500 with a balloon payment of the remaining principal and interest due February 1, 2014.


The acquisition of CMI was accounted for as an acquisition of a business acquired from an entity under common control according to ASC 805-50-30. CMI's results of operations and cash flows are included in the accompanying consolidated financial statements from the date of acquisition.


CMI's assets and liabilities were recorded at their book value prior to their acquisition by the Company. The following table summarizes the book values of the assets acquired and liabilities assumed at the date of acquisition:


         

 

 

Amount

 

Cash

 

$

2,300

 

Accounts receivable

 

 

2,042

 

Inventory

 

 

450

 

Fixed assets

 

 

19,047

 

Total assets acquired

 

 

23,839

 

 

 

 

 

 

Debt assumed (accounts and notes payable)

 

 

52,563

 

Net liabilities acquired

 

$

(28,724

)

 

 

 

 

 

Cash payment at closing

 

$

10,000

 

Note payable to John Crawford

 

 

90,000

 

 

 

 

 

 

Total purchase price

 

$

100,000

 


As a result of the acquisition, the Company recognized a loss on the acquisition of CMI in the amount of $128,724.

XML 32 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background Information (Restated Consolidated Balance Sheets Parenthetical) (Details) (USD $)
Feb. 28, 2013
Feb. 29, 2012
Background Information [Abstract]    
Fixed assets, accumulated depreciation $ 26,871 $ 21,657
Intangible assets, accumulated amortization $ 7,667 $ 3,667
Preferred stock, par value per share $ 0.0001 $ 0.0001
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 per share $ 0.0001 $ 0.0001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 18,500,000 18,500,000
Common stock, shares outstanding 18,500,000 18,500,000
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M,)&,C+X<8,.HY^GY=,M2(M0#*GT:Z/4TVJK=LEP2_;6C20T@)G%W8H[:B[I- M'>-AD*2H"G4E'P4/@Y85Y:8PD+-0=#!?E.)S!B-KL>C!$UW**5Z/0N$\0G\Y M@C!)#G%]S;"D_G<$?IYQX=[S*?5(3U?F>??$GQ*1IKV MR0U%O`MM+Z>B@V"O7>YCRO;P:=?&MW8L+N73J9_AM_@ MU.;'979"K[I-R(NZ\;CS=8LG:WDV?U.GDZ:2*O9PH<^E'+),-!#$O1/<;[,( MI\_,):+#?5]'".BA>.K/4+X<9WYL,#GJ;1X034:@FTK)Q4*_J2$CN4BR-4?I MHDA6Z>29?\>75(Y_TY=HCAL-%>#V;U!+`0(>`Q0````(`",PV40CYYGZU7L` M`*T6!P`1`!@```````$```"D@0````!O;79S+3(P,3,P,C(X+GAM;%54!0`# MX9VJ4W5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`",PV40.+9E940P``+^8 M```5`!@```````$```"D@2!\``!O;79S+3(P,3,P,C(X7V-A;"YX;6Q55`4` M`^&=JE-U>`L``00E#@``!#D!``!02P$"'@,4````"``C,-E$)@>`AI(2``"9 M-P$`%0`8```````!````I('`B```;VUV&UL550% M``/AG:I3=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`(S#91!6[D0Z^3@`` M.%($`!4`&````````0```*2!H9L``&]M=G,M,C`Q,S`R,CA?;&%B+GAM;%54 M!0`#X9VJ4W5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`",PV41[E32!?2@` M`&VA`@`5`!@```````$```"D@:[J``!O;79S+3(P,3,P,C(X7W!R92YX;6Q5 M5`4``^&=JE-U>`L``00E#@``!#D!``!02P$"'@,4````"``C,-E$ZB/"[#0( M``"87```$0`8```````!````I(%Z$P$`;VUV`L``00E#@``!#D!``!02P4&``````8`!@`:`@``^1L!```` ` end XML 34 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition of CMI and Goodwill (Tables)
12 Months Ended
Feb. 28, 2013
Acquisition of CMI and Goodwill [Abstract]  
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the book values of the assets acquired and liabilities assumed at the date of acquisition:


         

 

 

Amount

 

Cash

 

$

2,300

 

Accounts receivable

 

 

2,042

 

Inventory

 

 

450

 

Fixed assets

 

 

19,047

 

Total assets acquired

 

 

23,839

 

 

 

 

 

 

Debt assumed (accounts and notes payable)

 

 

52,563

 

Net liabilities acquired

 

$

(28,724

)

 

 

 

 

 

Cash payment at closing

 

$

10,000

 

Note payable to John Crawford

 

 

90,000

 

 

 

 

 

 

Total purchase price

 

$

100,000

 


XML 35 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable
12 Months Ended
Feb. 28, 2013
Notes Payable [Abstract]  
Notes Payable

9. Notes Payable


On February 28, 2011, the Company borrowed $100,100 through a convertible note, for the purpose of raising operating capital. Under the terms of the note, interest shall accrue at 7% per annum; and principal and accrued interest shall become due on February 27, 2013, unless extended by mutual consent of the parties. Unpaid principal and accrued interest are convertible into common stock of the company at $0.015 per share.


On November 3, 2011, the holder of the note elected to convert principal in the amount of $67,500 into 4,500,000 shares of common stock. As of February 28, 2012, the balance of the convertible note payable was $32,600.


On January 31, 2012, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $281,192 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on February 28, 2015.  The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.01 per share.


The Company evaluated the terms of this note in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity's Own Stock and determined that the underlying common stock is indexed to the Company's common stock. The Company determined that the conversion feature did not meet the definition of a liability and therefore did not bifurcate the conversion feature and account for it as a separate derivative liability. The Company evaluated the conversion feature for a beneficial conversion feature. The effective conversion price was compared to the market price on the date of the notes and was deemed to be greater than the market value of underlying common stock at the inception of the note.  Therefore, the Company did not recognize a beneficial conversion feature.

 

During the year ended February 28, 2013, the Company received advances in the amount of $255,941 for working capital. These advances are non-interest bearing and payable on demand.

XML 36 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions
12 Months Ended
Feb. 28, 2013
Related Party Transactions [Abstract]  
Related Party Transactions

7. Related Party Transactions


The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

On March 25, 2011, CMIC, a wholly owned subsidiary of the Company, entered into an agreement to purchase all of the assets and the business of CMI for $100,000. CMI was a sole proprietorship owned and operated by John Crawford. John Crawford is also the sole officer-director of the Company and CMIC. The purchase price was paid with $10,000 in cash at closing and a note payable for the remaining $90,000. The note bears interest at 10% per year and is payable in monthly installments of $2,500 with a balloon payment of the remaining principal and interest due February 1, 2014. The balance of the note payable was $65,395 and $79,196 as of February 28, 2013 and February 29, 2012, respectively.


As of February 28, 2012, there were accrued liabilities in the amount of $10,446 owed to related parties. These amounts related primarily to accrued compensation which was paid during the year ended February 28, 2013.


The above terms and amounts are not necessarily indicative of the terms and amounts that would have been incurred had comparable transactions been entered into with independent parties.

XML 37 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
12 Months Ended
Feb. 28, 2013
Income Taxes [Abstract]  
Income Taxes

8. Income Taxes


There are no current or deferred income tax expense or benefit for the fiscal years ended February 28, 2013 and February 29, 2012.


The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes.


               

 

 

Year Ended
February 28, 2013

 

Year Ended
February 29, 2012

 

Tax benefit at U.S. statutory rate

 

$

102,612

 

$

1,144,800

 

Non deductible stock based compensation

 

 

-

 

 

(1,050,000

)

Valuation allowance

 

 

(102,612

)

 

(94,800

)

Tax benefit

 

$

-

 

$

-

 


The Company did not have any temporary differences during the fiscal years ended February 28, 2013 or February 29, 2012.


The Company has not recognized an income tax benefit for the period based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the current period presented is offset by a valuation allowance (100%) established against deferred tax assets arising from operating losses and other temporary differences, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not.

XML 38 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
12 Months Ended
Feb. 28, 2013
Subsequent Events [Abstract]  
Subsequent Events

10. Subsequent Events


Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure.

XML 39 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background Information (Details) (USD $)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Feb. 29, 2012
Crawford Mobile Install ("CMI") [Member]
Mar. 25, 2011
Crawford Mobile Install ("CMI") [Member]
Business Acquisition [Line Items]        
Purchase price       $ 100,000
Loss on acquisition of Crawford Mobile Install    128,724    
Goodwill       108,724  
Intangible assets     $ 20,000  
XML 40 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Presentation and Accounting Policies (Details)
12 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Basis of Presentation and Accounting Policies [Abstract]    
Potentially dilutive common shares      
XML 41 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (USD $)
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Balance at Feb. 28, 2011 $ 26,435 $ 1,250 $ 60,250 $ (35,065)
Balance, shares at Feb. 28, 2011   12,500,000    
Stock issued for services 3,750,000 150 3,749,850   
Stock issued for services, shares   1,500,000    
Stock issued for conversion of debt 67,500 450 67,050   
Stock issued for conversion of debt, shares   4,500,000    
Net loss (4,213,464)       (4,213,464)
Balance at Feb. 29, 2012 (369,529) 1,850 3,877,150  
Balance, shares at Feb. 29, 2012 18,500,000 18,500,000    
Net loss (315,176)       (315,176)
Balance at Feb. 28, 2013 $ (684,705) $ 1,850 $ 3,877,150  
Balance, shares at Feb. 28, 2013 18,500,000 18,500,000    
XML 42 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Inventory
12 Months Ended
Feb. 28, 2013
Inventory [Abstract]  
Inventories

4. Inventory


The Company follows FASB ASC 330, "Inventory".  Inventories are stated at the lower of cost or net realizable value. The cost of inventories comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. The cost of inventories is determined using the weighted average cost method. Inventory is reduced for the estimated losses due to obsolescence. This reduction is determined for groups of products based on purchases in the recent past and/or expected future demand.  Our inventory is made up of electronic components which we have acquired from wholesalers, retailers and manufacturers to install in customer vehicles.

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Acquisition of CMI and Goodwill (Narrative) (Details) (USD $)
12 Months Ended 1 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Mar. 25, 2011
Crawford Mobile Install ("CMI") [Member]
Business Acquisition [Line Items]      
Cash payment at closing     $ 10,000
Note payable to John Crawford     90,000
Interest annual rate     10.00%
Monthly installments     2,500
Maturity date     Feb. 01, 2014
Loss on acquisition of Crawford Mobile Install    $ 128,724  
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Income Taxes (Tables)
12 Months Ended
Feb. 28, 2013
Income Taxes [Abstract]  
Schedule of Income Tax Benefit

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes.


               

 

 

Year Ended
February 28, 2013

 

Year Ended
February 29, 2012

 

Tax benefit at U.S. statutory rate

 

$

102,612

 

$

1,144,800

 

Non deductible stock based compensation

 

 

-

 

 

(1,050,000

)

Valuation allowance

 

 

(102,612

)

 

(94,800

)

Tax benefit

 

$

-

 

$

-

 

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