Title of Each Class of
Securities To Be Registered
|
Amount to
be
Registered
|
Proposed Maximum
Offering Price
Per Share
|
Proposed Maximum
Aggregate
Offering Price
|
Amount of
Registration Fee
|
||||
Common stock, par value $.001 per share
|
10,000,000 shares
|
$10.00 (1)
|
$100,000,000
|
$290.25(2)
|
(1)
|
This share price is the offering price of the common stock.
|
(2)
|
The registration fee was paid in connection with the original filing of the registration statement.
|
Page
|
||
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
5
|
|
PROSPECTUS SUMMARY
|
6
|
|
RISK FACTORS
|
8
|
|
USE OF PROCEEDS
|
12
|
|
DETERMINATION OF OFFERING PRICE
|
12
|
|
MARKET FOR OUR COMMON STOCK AND RELATED STOCKHOLDER MATTERS
|
12
|
|
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|
13
|
|
BUSINESS
|
15
|
|
MANAGEMENT
|
19
|
|
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|
20
|
|
VOTING SECURITIES AND PRINCIPAL HOLDERS
|
21
|
|
SELLING STOCKHOLDERS
|
22
|
|
PLAN OF DISTRIBUTION
|
24
|
|
DESCRIPTION OF CAPITAL STOCK
|
26
|
|
LEGAL MATTERS
|
26
|
|
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
|
26
|
|
EXPERTS
|
27
|
|
WHERE YOU CAN FIND MORE INFORMATION
|
27
|
|
INDEX TO FINANCIAL STATEMENTS
|
28
|
·
|
Our ability to achieve our business of producing and selling products;
|
·
|
Our ability to develop new products of interest to our client base;
|
·
|
Our ability to attract, retain and motivate qualified employees and management. The impact of federal, state or local government regulations;
|
·
|
Competition in the electronic defense technology industry;
|
·
|
Availability and cost of additional capital;
|
·
|
Litigation in connection with our business;
|
·
|
Our ability to protect our trademarks, patents and other proprietary rights;
|
·
|
Other risks described from time to time in our periodic reports filed with the Securities and Exchange Commission
|
Balance Sheet Summary
|
December 31, 2011
|
March 31, 2011
|
March 31, 2010
|
|||||||||
(Unaudited)
|
(Audited)
|
(Audited)
|
||||||||||
Cash
|
$ | 4,178 | $ | 89,584 | $ | 103 | ||||||
Prepaid expenses
|
1,560 | 59,140 | - | |||||||||
Property and equipment, net
|
1,130,876 | 1,458,258 | 1,766,975 | |||||||||
Total assets
|
1,136,614 | 1,606,982 | 1,767,078 | |||||||||
Total liabilities
|
480,491 | 287,195 | 189,203 | |||||||||
Total stockholders’ equity
|
656,123 | 1,319,787 | 1,577,875 |
Statement of Operations Summary
|
Nine Months Ended December 31, 2011
|
Year Ended March 31, 2011
|
Year Ended March 31, 2010
|
|||||||||
(Unaudited)
|
(Audited)
|
(Audited)
|
||||||||||
Revenues
|
$ | 79,620 | $ | 386,203 | $ | 1,938,355 | ||||||
Gross profit
|
43,465 | 235,194 | 236,780 | |||||||||
Operating expenses
|
707,602 | 830,799 | 869,110 | |||||||||
Net loss
|
(666,031 | ) | (595,605 | ) | (638,330 | ) |
·
|
that a broker or dealer approve a person’s account for transactions in penny stocks; and
|
·
|
the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
|
·
|
obtain financial information and investment experience objectives of the person; and
|
·
|
make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.
|
·
|
sets forth the basis on which the broker or dealer made the suitability determination; and
|
·
|
that the broker or dealer received a signed, written agreement from the investor prior to the transaction.
|
Name
|
Age
|
Position
|
||
Saul Backal
|
48
|
Chairman & CEO
|
||
Roni Backal
|
46
|
Vice President & Director
|
||
Orna Mizrahi
|
44
|
Treasurer & Director
|
||
Name and principal position
|
Year
|
Salary ($)
|
Commissions($)
|
Stock Awards ($)
|
Total ($)
|
Saul Backal, CEO (1)
|
2011
2010
|
$120,000
$120,000
|
$39,620
$193,835
|
$0
$0
|
$159,620
$313,835
|
(1)
|
Mr. Backal has an employment agreement which provides he is to receive a base annual salary of $120,000. In addition he is to receive 10% of the gross product sales he brings to the Company. Mr. Backal has declined to take earned compensation when the Company is not in a cash position to pay it. In 2010 Mr. Backal was paid $192,121 of his total compensation of $313,835 which means $121,714 was accrued. In 2011 Mr. Backal was paid $62,470 of his total compensation of $159,620 which means $97,150 was accrued. As of March 31, 2011, $218,865 of Mr. Backal’s total compensation was unpaid and accrued in current liabilities. Pursuant to his employment agreement, Mr. Backal is an at-will employee and may terminate his employment at any time. Also pursuant to his employment agreement, Mr. Backal has the authority to increase his own salary and the discretion to pay himself a bonus if he believes major progress in being made with the company. |
·
|
each person who is known by us to own beneficially more than 5% of our common stock;
|
·
|
each of our executive officers;
|
·
|
each of our current directors; and
|
·
|
all officers and directors as a group.
|
Beneficial Owner
|
Amount and Nature of
Beneficial Ownership
|
Percentage
|
||
Saul Backal
2510 E. Sunset Rd. Unit 5-777
Las Vegas, NV 89120
|
53,015,467 Direct
|
53%
|
||
Roni Backal
2510 E. Sunset Rd. Unit 5-777
Las Vegas, NV 89120
|
1,000,000 Direct
|
1%
|
||
Orna Mizrahi
2510 E. Sunset Rd. Unit 5-777
Las Vegas, NV 89120
|
1,000,000 Direct
|
1%
|
||
All directors and executive officers as a group (3 persons)
|
55,015,467
|
55%
|
·
|
the names of the selling stockholders;
|
·
|
the number of shares of common stock owned by each of the selling stockholders;
|
·
|
the percentage of the class of common stock owned by each of the selling stockholders; and
|
·
|
the number of shares of common stock being offered by the selling stockholders in this prospectus.
|
·
|
the controlling person if not an individual
|
·
|
the way in which the stock was acquired
|
Selling Stockholder
|
Shares
Beneficially
Owned Before
the Offering
|
Shares Being
Registered
|
Shares Beneficially Owned
After the Offering
|
||
Number
|
Percentage
|
||||
2005 Todd & Alexandra Leone Revocable Trust
|
30,300
|
3,030
|
27,270
|
*
|
|
Edward & June Abramson Family Trust
|
6,000
|
600
|
5,400
|
*
|
|
Jeff Ackerman
|
50,000
|
5,000
|
45,000
|
*
|
|
Kurt J. Ackerman
|
85,850
|
8,585
|
77,265
|
*
|
|
Jesse B. Adams
|
85,500
|
8,550
|
76,950
|
*
|
|
Trent D. Adams
|
35,125
|
3,512
|
31,613
|
*
|
|
Zion & Valerie J. Adani
|
16,667
|
1,666
|
15,001
|
*
|
|
Yitzhak Aharoni
|
13,000
|
1,300
|
11,700
|
*
|
|
Haim Ahroni
|
16,834
|
1,683
|
15,151
|
*
|
|
Yael Aizik
|
17,835
|
1,783
|
16,052
|
*
|
|
Barbara R. Aldridge
|
12,120
|
1,212
|
10,908
|
*
|
|
Allan Lipkowitz Revocable Living Trust
|
327,240
|
32,724
|
294,516
|
*
|
|
Ben Alter
|
251,944
|
25,194
|
226,750
|
*
|
|
Fred Alter
|
52,000
|
5,200
|
46,800
|
*
|
|
Kelly Michael Alton
|
26,260
|
2,626
|
23,634
|
*
|
|
Ambos Pty Ltd ATF Threlfall Superannuation Fund
|
10,000
|
1,000
|
9,000
|
*
|
|
Arie Lourie & Dina Lourie Trust
|
50,500
|
5,050
|
45,450
|
*
|
|
Dean S. and Etasha W. Arnold
|
5,050
|
505
|
4,545
|
*
|
|
Robert Paul & Cheng Shu Aronson
|
64,320
|
6,432
|
57,888
|
*
|
|
Yuval Atias
|
6,375
|
637
|
5,738
|
*
|
|
Aviv & Hana Avishay
|
46,250
|
4,625
|
41,625
|
*
|
|
Gideon Avrami
|
10,000
|
1,000
|
9,000
|
*
|
|
Azrieli Group LTD
|
100,000
|
10,000
|
90,000
|
*
|
|
B.A.S.K. Investment Assoc.
|
35,350
|
3,535
|
31,815
|
*
|
|
Bret Bacciocco
|
50,500
|
5,050
|
45,450
|
*
|
|
Ron Backal
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Roni Backal (1)
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Saul Backal (1)
|
53,015,467
|
5,301,547
|
47,713,920
|
47.7%
|
|
Tova Backal
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Harel & Sadowsky, Ronit Bahalul
|
12,500
|
1,250
|
11,250
|
*
|
|
Laith & Lisa M. Bakoo
|
50,500
|
5,050
|
45,450
|
*
|
|
Louie & Christina Bakoo
|
2,020
|
202
|
1,818
|
*
|
|
Saleem and Julie Bakoo
|
12,120
|
1,212
|
10,908
|
*
|
|
Altug Bal
|
10,000
|
1,000
|
9,000
|
*
|
|
Zohar & Bali, Galit Loeb Bali
|
10,000
|
1,000
|
9,000
|
*
|
|
Moises Banuelos
|
25,000
|
2,500
|
22,500
|
*
|
|
Anat Barashy
|
10,050
|
1,005
|
9,045
|
*
|
|
Calvin Barnes
|
28,140
|
2,814
|
25,326
|
*
|
|
Robert or Teri Barros
|
5,050
|
505
|
4,545
|
*
|
|
Ben Bass
|
60,600
|
6,060
|
54,540
|
*
|
|
Michael B., SEP Batlan
|
18,938
|
1,893
|
17,045
|
*
|
|
Amir Bazak
|
5,000
|
500
|
4,500
|
*
|
|
Mauricio Becerra
|
25,250
|
2,525
|
22,725
|
*
|
|
James F. & Ama E. Beeler
|
101,000
|
10,100
|
90,900
|
*
|
|
Isaac Behar
|
175,000
|
17,500
|
157,500
|
*
|
|
Paraskevi Belogianneas
|
12,500
|
1,250
|
11,750
|
*
|
|
Scotty & Janie Bem
|
40,400
|
4,040
|
36,360
|
*
|
|
Menashe Ben Zur
|
10,000
|
1,000
|
9,000
|
*
|
|
Banjamin Benakote
|
120,000
|
12,000
|
108,000
|
*
|
|
Ziv Ben-Dor
|
12,500
|
1,250
|
11,250
|
*
|
|
Yochanan Ben-Ner
|
336,667
|
33,666
|
303,001
|
*
|
|
Chad M. Bennett
|
5,025
|
502
|
4,523
|
*
|
|
Eli Ben Zur
|
80,000
|
8,000
|
72,000
|
*
|
|
Razu & Arueka Bergman
|
12,625
|
1,262
|
11,363
|
*
|
|
Loie M. Bering
|
16,667
|
1,666
|
15,001
|
*
|
|
Elon Berk
|
7,500
|
750
|
6,750
|
*
|
|
Joseph G. Binder
|
12,500
|
1,250
|
11,250
|
*
|
|
Heidi M. Blair
|
53,000
|
5,300
|
47,700
|
*
|
|
Mila or Paul Blinder
|
82,063
|
8,206
|
73,857
|
*
|
|
Jaime Bocanegra
|
1,000
|
100
|
900
|
*
|
|
Boomerang Capital Pty Ltd.
|
30,300
|
3,030
|
27,270
|
*
|
|
Caroline Botsford
|
25,125
|
2,512
|
22,613
|
*
|
|
Kenneth J. Bowman
|
74,385
|
7,438
|
66,947
|
*
|
|
Kenneth J. Bowman
|
5,000
|
500
|
4,500
|
*
|
|
Kenneth J. Bowman
|
615
|
61
|
554
|
*
|
|
Dale A. Bradley
|
5,050
|
505
|
4,545
|
*
|
|
Brian Brassil
|
244,425
|
24,442
|
219,983
|
*
|
|
Donna F. Brassil
|
35,014
|
3,501
|
31,513
|
*
|
|
Jerry L. Bregman
|
801,158
|
80,115
|
721,043
|
*
|
|
Gerald Brost
|
10,000
|
1,000
|
9,000
|
*
|
|
Peter & Effie Brotsis
|
20,100
|
2,010
|
18,090
|
*
|
|
William Nelson Brotton
|
25,250
|
2,525
|
22,725
|
*
|
|
William F. Brown
|
100,250
|
10,025
|
90,225
|
*
|
|
William R. Brown, as Trustee of the Brown Family Trust
|
50,250
|
5,025
|
45,225
|
*
|
|
Daivd M. & Nina Brubaker
|
45,000
|
4,500
|
40,500
|
*
|
|
Craig & Jodi Buda
|
101,000
|
10,100
|
90,900
|
*
|
|
Frank Buda
|
101,000
|
10,100
|
90,900
|
*
|
|
Edward F. Bukaty III
|
10,000
|
1,000
|
9,000
|
*
|
|
Ricky M. Bullard
|
62,950
|
6,295
|
56,655
|
*
|
|
Patrick & Olivia Burke Francis
|
40,000
|
4,000
|
36,000
|
*
|
|
John Burrough
|
10,000
|
1,000
|
9,000
|
*
|
|
Wendell R. Burton
|
12,500
|
1,250
|
11,250
|
*
|
|
Avram Buso
|
250,000
|
25,000
|
225,000
|
*
|
|
Laverda Y. Butler
|
6,313
|
631
|
5,682
|
*
|
|
Roger A. Caccamo
|
36,438
|
3,643
|
32,795
|
*
|
|
Tommer Carmel
|
10,000
|
1,000
|
9,000
|
*
|
|
R.A. Carrington
|
50,000
|
5,000
|
45,000
|
*
|
|
Josh, Carsman
|
150,550
|
15,055
|
135,495
|
*
|
|
Annette & James Cassidy
|
12,500
|
1,250
|
11,250
|
*
|
|
John Casey or Doreen Cassidy
|
34,974
|
3,497
|
31,477
|
*
|
|
Arpad A. Chabafy
|
27,765
|
2,776
|
24,989
|
*
|
|
Christopher Cherry
|
16,834
|
1,683
|
15,151
|
*
|
|
Cesar Haim & Monica Chomski
|
50,500
|
5,050
|
45,450
|
*
|
|
Joe & Juli Clark
|
5,050
|
505
|
4,545
|
*
|
|
Tim & Toni Cloonan
|
20,000
|
2,000
|
18,000
|
*
|
|
Jennifer D. Coco
|
3,000
|
300
|
2,700
|
*
|
|
Irving Cohen
|
10,100
|
1,010
|
9,090
|
*
|
|
Jeff Cole
|
60,000
|
6,000
|
54,000
|
*
|
|
James Coleman
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Deborah J. Collins
|
1,507,500
|
150,750
|
1,356,750
|
1.4%
|
|
Cindy L. Colombo
|
17,500
|
1,750
|
15,750
|
*
|
|
Michael A. Colombo
|
17,500
|
1,750
|
15,750
|
*
|
|
Traci Coltrane
|
3,000
|
300
|
2,700
|
*
|
|
Reginald Coopwood
|
50,000
|
5,000
|
45,000
|
*
|
|
Dave Cordone
|
5,050
|
505
|
4,545
|
*
|
|
Manuel Cornejo
|
12,500
|
1,250
|
11,250
|
*
|
|
David L. Cornella
|
101,000
|
10,100
|
90,900
|
*
|
|
Debbie Dubravka Cosic
|
12,500
|
1,250
|
11,250
|
*
|
|
David Couzin
|
12,575
|
1,257
|
11,318
|
*
|
|
Michael R. Crill
|
187,500
|
18,750
|
168,750
|
*
|
|
Cronus Enterprise, LLC
|
100,000
|
10,000
|
90,000
|
*
|
|
Anthony C. Cruz
|
10,000
|
1,000
|
9,000
|
*
|
|
Maria Luisa Cruz
|
100,000
|
10,000
|
90,000
|
*
|
|
Marlon H. Cryer
|
16,667
|
1,666
|
15,001
|
*
|
|
Gregory M. Curnutte
|
42,925
|
4,292
|
38,633
|
*
|
|
William B. Curnutte
|
5,050
|
505
|
4,545
|
*
|
|
Gaetano Cutarella
|
13,130
|
1,313
|
11,817
|
*
|
|
Melissa Dalton
|
10,000
|
1,000
|
9,000
|
*
|
|
Marc T. Dasen
|
18,485
|
1,848
|
16,637
|
*
|
|
Kym David
|
2,000
|
200
|
1,800
|
*
|
|
Mike Davidov
|
55,555
|
5,555
|
50,000
|
*
|
|
Joel D. Davidowski
|
63,968
|
6,396
|
57,572
|
*
|
|
John R. Davison
|
12,500
|
1,250
|
11,250
|
*
|
|
Bernard Demers
|
50,000
|
5,000
|
45,000
|
*
|
|
Antoinette Demonbreun
|
50,500
|
5,050
|
45,450
|
*
|
|
Zigi & Lauren Dromy
|
15,000
|
1,500
|
13,500
|
*
|
|
Errol Derman
|
20,100
|
2,010
|
18,090
|
*
|
|
Mattew H. Deters
|
2,000
|
200
|
1,800
|
*
|
|
Eduardo Diaz
|
4,000
|
400
|
3,600
|
*
|
|
Shah Dilip
|
50,500
|
5,050
|
45,450
|
*
|
|
Phong Dinh Ngo
|
25,000
|
2,500
|
22,500
|
*
|
|
Alan J. & Melody M. Ditter
|
3,000
|
300
|
2,700
|
*
|
|
Thomas J. Dobbins
|
16,666
|
1,666
|
15,000
|
*
|
|
Bitton & Shelomo Tobol Dror
|
18,750
|
1,875
|
16,875
|
*
|
|
Michael B. & Jennifer Duffy
|
10,000
|
1,000
|
9,000
|
*
|
|
Elizabeth Mary Dunn
|
50,500
|
5,050
|
45,450
|
*
|
|
Scott Eaker
|
10,050
|
1,005
|
9,045
|
*
|
|
Barbara Shirley Eckert
|
10,000
|
1,000
|
9,000
|
*
|
|
Fred J. Eckert
|
150,000
|
15,000
|
135,000
|
*
|
|
Gerald Eckert MD
|
10,000
|
1,000
|
9,000
|
*
|
|
Thomas F. Eckert
|
10,100
|
1,010
|
9,090
|
*
|
|
Michael G. Eckman
|
12,625
|
1,262
|
11,363
|
*
|
|
Nissim Edri
|
266,000
|
26,600
|
239,400
|
*
|
|
Edward D. Jones & CO. Custodian FBO Eric R Von Borstel SEP
|
38,750
|
3,875
|
34,875
|
*
|
|
Peter Eggmann
|
50,500
|
5,050
|
45,450
|
*
|
|
Aharon Elchanan
|
60,000
|
6,000
|
54,000
|
*
|
|
Eleni & Demetrias Pantazis Family Trust
|
40,400
|
4,040
|
36,360
|
*
|
|
Dosit Eli
|
5,000
|
500
|
4,500
|
*
|
|
John J. Ellegate
|
200,000
|
20,000
|
180,000
|
*
|
|
James Ellison
|
80,400
|
8,040
|
72,360
|
*
|
|
Michael Engbrecht
|
17,170
|
1,717
|
15,453
|
*
|
|
Shawn Engbrecht
|
11,195
|
1,119
|
10,076
|
*
|
|
Kenneth G. Enochs Jr.
|
10,000
|
1,000
|
9,000
|
*
|
|
Brenda L. & Karl F. Esengard
|
3,333
|
333
|
3,000
|
*
|
|
Dennis D. Estrada
|
6,250
|
625
|
5,625
|
*
|
|
Frank J. Estrada
|
130,000
|
13,000
|
117,000
|
*
|
|
Becky Etcheverry
|
12,500
|
1,250
|
11,250
|
*
|
|
Jerry Lee Evans Jr.
|
10,200
|
1,020
|
9,180
|
*
|
|
Jerry Lee Sr. & Ruth Ann Evans
|
71,710
|
7,171
|
64,539
|
*
|
|
Amnon Even
|
62,500
|
6,250
|
56,250
|
*
|
|
Steven A. Farah
|
17,170
|
1,717
|
15,453
|
*
|
|
Benjamin Farkash
|
15,625
|
1,562
|
14,063
|
*
|
|
Sharon Fashempour
|
9,333
|
933
|
8,400
|
*
|
|
Charles Schwab Co. Inc. FBO Ronald J. Hauer IRA
|
10,000
|
1,000
|
9,000
|
*
|
|
Stephen Marco Fea
|
111,166
|
11,116
|
100,050
|
*
|
|
Eran Feig
|
12,751
|
1,275
|
11,476
|
*
|
|
Frank Feldman
|
26,934
|
2,693
|
24,241
|
*
|
|
Robin Ferris
|
10,000
|
1,000
|
9,000
|
*
|
|
Nancy & Vernon JR. Field
|
20,000
|
2,000
|
18,000
|
*
|
|
Thomas M. or Julie J. Field
|
10,000
|
1,000
|
9,000
|
*
|
|
Darrell Forgey
|
8,333
|
833
|
7,500
|
*
|
|
Ronald Forgey
|
28,333
|
2,833
|
25,500
|
*
|
|
Frajnd Family Trust 3-14-05
|
12,625
|
1,262
|
11,363
|
*
|
|
Benjamin Freeman
|
40,400
|
4,040
|
36,360
|
*
|
|
Eliana Freeman
|
20,000
|
2,000
|
18,000
|
*
|
|
Gary Freeman
|
303,000
|
30,300
|
272,700
|
*
|
|
Jonathan Freeman
|
12,000
|
1,200
|
10,800
|
*
|
|
Leela Freeman
|
20,000
|
2,000
|
18,000
|
*
|
|
Marc Freeman
|
120,000
|
12,000
|
108,000
|
*
|
|
Ian & Julia Freitor
|
10,000
|
1,000
|
9,000
|
*
|
|
Ronald & Barbara Freshour
|
16,413
|
1,641
|
14,772
|
*
|
|
Gerald J. Fresonke
|
16,667
|
1,666
|
15,001
|
*
|
|
Alexander Fritz
|
60,300
|
6,030
|
54,270
|
*
|
|
Anne E. Fritz
|
14,070
|
1,407
|
12,663
|
*
|
|
Thomas M. Fritz
|
179,845
|
17,984
|
161,861
|
*
|
|
John S. & Jeanne A. Frost
|
48,480
|
4,848
|
43,632
|
*
|
|
Brad Fryman
|
10,000
|
1,000
|
9,000
|
*
|
|
Isabel Omayka Fuentes
|
10,050
|
1,005
|
9,045
|
*
|
|
Paul E. Fuller
|
50,000
|
5,000
|
45,000
|
*
|
|
Patricia A. Fusano
|
12,500
|
1,250
|
11,250
|
*
|
|
Meir & Laurie Gabbai
|
165,650
|
16,565
|
149,085
|
*
|
|
Rebekah Gamble
|
14,140
|
1,414
|
12,726
|
*
|
|
Richard J. & Lori L. Gascoyne
|
100,500
|
10,050
|
90,450
|
*
|
|
Navot Gasul
|
16,667
|
1,666
|
15,001
|
*
|
|
Felix Genkin
|
50,332
|
5,033
|
45,299
|
*
|
|
Antonio J. Gentile
|
20,000
|
2,000
|
18,000
|
*
|
|
Gregory A. Gereaux
|
101,000
|
10,100
|
90,900
|
*
|
|
Aylene Geringer
|
1,579
|
157
|
1,422
|
*
|
|
Michael Geringer
|
14,079
|
1,407
|
12,672
|
*
|
|
Richard Geringer
|
1,579
|
157
|
1,422
|
*
|
|
Johnny O. Gibbons
|
10,100
|
1,010
|
9,090
|
*
|
|
Terry L Jr. Giese
|
22,000
|
2,200
|
19,800
|
*
|
|
Melinda & Matthew Gins
|
20,200
|
2,020
|
18,180
|
*
|
|
David Gitis
|
7,500
|
750
|
6,750
|
*
|
|
Marilny & Brad Good
|
5,000
|
500
|
4,500
|
*
|
|
Bryan Good
|
20,100
|
2,010
|
18,090
|
*
|
|
Diane or William Good
|
10,100
|
1,010
|
9,090
|
*
|
|
Renee & John Good
|
20,200
|
2,020
|
18,180
|
*
|
|
Robert Le Roy or Susan Lynn Good
|
34,270
|
3,427
|
30,843
|
*
|
|
Tom G. or Kathleen M. Good
|
15,150
|
1,515
|
13,635
|
*
|
|
Sandra L. Goodwin
|
12,500
|
1,250
|
11,250
|
*
|
|
Donald J. Gormley
|
1,087,500
|
108,750
|
978,750
|
*
|
|
Donald J. & Lynn E. Gormley
|
20,200
|
2,020
|
18,180
|
*
|
|
Ofer Gover
|
10,500
|
1,050
|
9,450
|
*
|
|
Hymie Green
|
65,325
|
6,532
|
58,793
|
*
|
|
Joyce Green
|
14,442
|
1,444
|
12,998
|
*
|
|
Daniel Morris Greenberg
|
4,040
|
404
|
3,636
|
*
|
|
Evan Jonah Greenberg
|
4,040
|
404
|
3,636
|
*
|
|
Lee & Rachel Greenberg
|
247,510
|
24,751
|
222,759
|
*
|
|
Marvin & Claire Greenberg
|
30,300
|
3,030
|
27,270
|
*
|
|
Richard G. & Jodie R Grimshaw
|
1,010
|
101
|
909
|
*
|
|
Stacey Grodski
|
16,667
|
1,666
|
15,001
|
*
|
|
Ron Grossman
|
10,500
|
1,050
|
9,450
|
*
|
|
Samuel A. Grossman
|
25,000
|
2,500
|
22,500
|
*
|
|
Valdis O. or Hinde Gubins
|
30,000
|
3,000
|
27,000
|
*
|
|
Maher Guirguis Guindi
|
600,000
|
60,000
|
540,000
|
*
|
|
Dmitry y. Gurovich
|
500,000
|
50,000
|
450,000
|
*
|
|
Ian Peter & Carol Anne Gunn
|
20,200
|
2,020
|
18,180
|
*
|
|
Shahar Habani
|
197,960
|
19,796
|
178,164
|
*
|
|
Dennis D. or Patricia Ann Hagele
|
10,000
|
1,000
|
9,000
|
*
|
|
Yosef Haim
|
25,000
|
2,500
|
22,500
|
*
|
|
Gary Jr. &Christy Hale
|
50,000
|
5,000
|
45,000
|
*
|
|
Uri & Ora Oli Halfon Trustees
|
56,111
|
5,611
|
50,500
|
*
|
|
Jason Harden
|
12,500
|
1,250
|
11,250
|
*
|
|
Susan Harmon
|
17,500
|
1,750
|
15,750
|
*
|
|
Duncan Harrison
|
121,842
|
12,184
|
109,658
|
*
|
|
Fred M. & Sara-Linn Harwin
|
10,000
|
1,000
|
9,000
|
*
|
|
Carolyn A. Hauer
|
19,850
|
1,985
|
17,865
|
*
|
|
Karen S. Hayes
|
12,120
|
1,212
|
10,908
|
*
|
|
Eric and Melissa Heffler
|
12,625
|
1,262
|
11,363
|
*
|
|
Clifford Hein
|
70,350
|
7,035
|
63,315
|
*
|
|
Sean Hendifar
|
15,417
|
1,541
|
13,876
|
*
|
|
Karen Hermesh
|
6,313
|
631
|
5,682
|
*
|
|
Talia Hermesh
|
6,313
|
631
|
5,682
|
*
|
|
Bruce A. Hesselbach
|
20,000
|
2,000
|
18,000
|
*
|
|
Robert N. & Deborah R. Hesselbach
|
20,000
|
2,000
|
18,000
|
*
|
|
Troy Hilfiker
|
3,000
|
300
|
2,700
|
*
|
|
Mei Hui Ho
|
100,000
|
10,000
|
90,000
|
*
|
|
William Lee & Barbara M. Hodges
|
11,363
|
1,136
|
10,227
|
*
|
|
Danile C. & Melanie C. Hogan
|
25,000
|
2,500
|
22,500
|
*
|
|
Carol Wardlaw Holden
|
16,667
|
1,666
|
15,001
|
*
|
|
Sandra I. Hollander
|
12,500
|
1,250
|
11,250
|
*
|
|
Dennis Michael & Stephanie Ann Hom
|
100,000
|
10,000
|
90,000
|
*
|
|
Charlotte Horowitz
|
75,750
|
7,575
|
68,175
|
*
|
|
Crawford Hoss
|
45,450
|
4,545
|
40,905
|
*
|
|
Carol G. Hovsepian
|
12,625
|
1,262
|
11,363
|
*
|
|
Zakary and/or Heather Hubbard
|
20,100
|
2,010
|
18,090
|
*
|
|
Phil Huber
|
13,750
|
1,375
|
12,375
|
*
|
|
Nicholas Basil Hudson
|
13,837
|
1,383
|
12,454
|
*
|
|
Hummingbird Trust
|
222,680
|
22,268
|
200,412
|
*
|
|
Douglas W. Hunter
|
130,000
|
13,000
|
117,000
|
*
|
|
Eric L. Hutchings
|
25,000
|
2,500
|
22,500
|
*
|
|
Ivan G. Hyden
|
40,200
|
4,020
|
36,180
|
*
|
|
Eric Iannamico
|
8,333
|
833
|
7,500
|
*
|
|
C. Young Im
|
71,000
|
7,100
|
63,900
|
*
|
|
William C. Irish Jr.
|
25,125
|
2,512
|
22,613
|
*
|
|
Irwin Meyers C/O Meyers, Saxon & Cole
|
12,500
|
1,250
|
11,250
|
*
|
|
John F. Irwin
|
25,250
|
2,525
|
22,725
|
*
|
|
Russell J. & Sozanne E. Isham
|
50,753
|
5,075
|
45,678
|
*
|
|
Thomas S. Ishkanian
|
116,993
|
11,699
|
105,294
|
*
|
|
Scott H. & Maggie Shea Jacobs
|
26,950
|
2,695
|
24,255
|
*
|
|
Stephanie Jaehn
|
2,500
|
250
|
2,250
|
*
|
|
Jeffrey & Sandra Janes
|
20,500
|
2,050
|
18,450
|
*
|
|
Alan J. Jaskoski
|
1,250
|
125
|
1,125
|
*
|
|
Robert S. Jefferson
|
17,625
|
1,762
|
15,863
|
*
|
|
Patti Lyn Jerzy
|
10,000
|
1,000
|
9,000
|
*
|
|
Reuven Jerzy
|
16,667
|
1,666
|
15,001
|
*
|
|
Sharone Jerzy
|
10,100
|
1,010
|
9,090
|
*
|
|
James D. & Jeris C. Johnson
|
50,000
|
5,000
|
45,000
|
*
|
|
Robert Joseph
|
32,825
|
3,282
|
29,543
|
*
|
|
William D. Joseph
|
249,240
|
24,924
|
224,316
|
*
|
|
Henry & Maxine E. Kalin
|
20,200
|
2,020
|
18,180
|
*
|
|
Yossi Kandero
|
6,250
|
625
|
5,625
|
*
|
|
Edo Kanterowitsch
|
12,272
|
1,227
|
11,045
|
*
|
|
Kathy S. Kaprinyak
|
4,000
|
400
|
3,600
|
*
|
|
William S. & Dina M. Kase
|
21,834
|
2,183
|
19,651
|
*
|
|
Allan Katz
|
141,905
|
14,190
|
127,715
|
*
|
|
Yair and Debra Katzir
|
20,100
|
2,010
|
18,090
|
*
|
|
Eyal S. Kaufmann
|
12,500
|
1,250
|
11,250
|
*
|
|
Todd Kausrud
|
45,250
|
4,525
|
40,725
|
*
|
|
Dayana Kedem
|
5,000
|
500
|
4,500
|
*
|
|
Keller Trust Dated: 8/21/99
|
12,625
|
1,262
|
11,363
|
*
|
|
Alexander Kerman
|
30,300
|
3,030
|
27,270
|
*
|
|
Ken Kessler
|
40,200
|
4,020
|
36,180
|
*
|
|
Bernard Kiesel
|
205,367
|
20,537
|
184,830
|
*
|
|
Coral Kline
|
20,000
|
2,000
|
18,000
|
*
|
|
Heath L. Kline
|
30,500
|
3,050
|
27,450
|
*
|
|
David J. Kludjian
|
168,670
|
16,867
|
151,803
|
*
|
|
Robert J. & Bette J. Knepp
|
10,100
|
1,010
|
9,090
|
*
|
|
Chris & Post, Eileen Kobus
|
12,625
|
1,262
|
11,363
|
*
|
|
Kristen E. Koch
|
20,200
|
2,020
|
18,180
|
*
|
|
Tom Kotarac
|
77,000
|
7,700
|
69,300
|
*
|
|
Koudanis Family Trust
|
42,925
|
4,292
|
38,633
|
*
|
|
John & Eugenia Koudanis
|
25,250
|
2,525
|
22,725
|
*
|
|
George Kravitz
|
50,000
|
5,000
|
45,000
|
*
|
|
Louis Krokover
|
12,625
|
1,262
|
11,363
|
*
|
|
Donald A. Kunda
|
26,934
|
2,693
|
24,241
|
*
|
|
Kevin & Julie Kunda
|
6,667
|
666
|
6,001
|
*
|
|
Tiffany Kunda
|
8,080
|
808
|
7,272
|
*
|
|
Adam Kunst
|
10,000
|
1,000
|
9,000
|
*
|
|
Natalia Kustovinov
|
25,000
|
2,500
|
22,500
|
*
|
|
Martin H. & Judith C. Katchai
|
73,670
|
7,367
|
66,303
|
*
|
|
Kathryn & Andreu Labrador
|
2,000
|
200
|
1,800
|
*
|
|
Damon J and Erin L LaCasella
|
5,000
|
500
|
4,500
|
*
|
|
Donald La Forest
|
50,180
|
5,018
|
45,162
|
*
|
|
Lana Lipkowitz Inc.
|
10,100
|
1,010
|
9,090
|
*
|
|
Lana Lipkowitz Inc. & Paul Goldberg
|
10,100
|
1,010
|
9,090
|
*
|
|
Robert Langbart
|
30,150
|
3,015
|
27,135
|
*
|
|
Moshe & Isac Lazarovits
|
177,013
|
17,701
|
159,312
|
*
|
|
Jason Leal
|
9,000
|
900
|
8,100
|
*
|
|
Carol Lee
|
56,100
|
5,610
|
50,490
|
*
|
|
Wayne Lee
|
9,000
|
900
|
8,100
|
*
|
|
Daniel M. Lent-Koop
|
11,883
|
1,188
|
10,695
|
*
|
|
Scott and Larra Leonardson
|
22,000
|
2,200
|
19,800
|
*
|
|
Roni Leuck
|
1,579
|
157
|
1,422
|
*
|
|
Melech Levi
|
12,500
|
1,250
|
11,250
|
*
|
|
Greg Levy
|
151,500
|
15,150
|
136,350
|
*
|
|
Harry S. & Rose E. Levy TTEE
|
101,000
|
10,100
|
90,900
|
*
|
|
Shay Levy
|
8,838
|
883
|
7,955
|
*
|
|
Perry B. & Bonnie R. Lewin
|
20,200
|
2,020
|
18,180
|
*
|
|
Myra F. Lewis
|
12,500
|
1,250
|
11,250
|
*
|
|
Jeff & Robin Lichtenstein
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Robert Lichtenstein
|
45,000
|
4,500
|
40,500
|
*
|
|
Terry Lichtenstein
|
55,550
|
5,555
|
49,995
|
*
|
|
Jeff Lievense
|
20,100
|
2,010
|
18,090
|
*
|
|
Barbara A. Lilenfeld
|
22,330
|
2,233
|
20,097
|
*
|
|
Barbara M. Lilenfeld
|
27,100
|
2,710
|
24,390
|
*
|
|
Carol G. Lilenfeld
|
12,625
|
1,262
|
11,363
|
*
|
|
Sid Lipkowirz
|
20,000
|
2,000
|
18,000
|
*
|
|
Dennis Lipscomb
|
12,625
|
1,262
|
11,363
|
*
|
|
Steven E. & Sharon P. Littman
|
1,344
|
134
|
1,210
|
*
|
|
Aaron C. Loboda
|
1,200
|
120
|
1,080
|
*
|
|
Brandon T. Loboda
|
3,030
|
303
|
2,727
|
*
|
|
Christopher W. & Renee A. Loboda
|
35,071
|
3,507
|
31,564
|
*
|
|
Justin L. Loboda
|
2,100
|
210
|
1,890
|
*
|
|
Walter E & Monica S. Loboda
|
2,677
|
267
|
2,410
|
*
|
|
Augustin Lomeli
|
40,000
|
4,000
|
36,000
|
*
|
|
Michael J. & Stephanie J. Loomis
|
12,500
|
1,250
|
11,250
|
*
|
|
Loving Family Trust
|
16,834
|
1,683
|
15,151
|
*
|
|
Gabriel Luban
|
8,000
|
800
|
7,200
|
*
|
|
Alex Lvovsky
|
25,000
|
2,500
|
22,500
|
*
|
|
M. Scott Zillioux SEP IRA FCC As Custodian
|
40,000
|
4,000
|
36,000
|
*
|
|
James H. Jr & Kelly Mabry
|
75,955
|
7,595
|
68,360
|
*
|
|
Carl Macalalad
|
149,333
|
14,933
|
134,400
|
*
|
|
Oren Madar
|
30,000
|
3,000
|
27,000
|
*
|
|
ShaI Magdish
|
36,666
|
3,666
|
33,000
|
*
|
|
Dotty Malinsky
|
10,000
|
1,000
|
9,000
|
*
|
|
Nick L. & Dee Mallas
|
50,500
|
5,050
|
45,450
|
*
|
|
Joseph V. Maltese
|
70,700
|
7,070
|
63,630
|
*
|
|
Kosta & Lichtenstein, Terry Maltezos
|
45,450
|
4,545
|
40,905
|
*
|
|
Dino Daniel Mancinelli
|
90,900
|
9,090
|
81,810
|
*
|
|
Julie Mancinelli
|
26,260
|
2,626
|
23,634
|
*
|
|
Ricci Mancinelli
|
221,950
|
22,195
|
199,755
|
*
|
|
Carl J. Manfredi
|
4,040
|
404
|
3,636
|
*
|
|
Manios Family Trust
|
10,000
|
1,000
|
9,000
|
*
|
|
Gregory A. or Rae Ann Manship
|
20,200
|
2,020
|
18,180
|
*
|
|
Richard L. or Kathryn R. Manship
|
100,400
|
10,040
|
90,360
|
*
|
|
Donald Mantie
|
18,750
|
1,875
|
16,875
|
*
|
|
Kurt Aaron Mantie
|
12,500
|
1,250
|
11,250
|
*
|
|
Ovadya Mantsur
|
22,000
|
2,200
|
19,800
|
*
|
|
Brad March
|
20,000
|
2,000
|
18,000
|
*
|
|
Michel Margaritis
|
12,500
|
1,250
|
11,250
|
*
|
|
Zev Marmurstein
|
33,667
|
3,366
|
30,301
|
*
|
|
Patrick Marona
|
10,100
|
1,010
|
9,090
|
*
|
|
Ricardo Marquez
|
6,667
|
666
|
6,001
|
*
|
|
Harold M. & Marilyn Marshall
|
22,220
|
2,222
|
19,998
|
*
|
|
Sherry D. Martin
|
50,500
|
5,050
|
45,450
|
*
|
|
Mary E. Good Trustee
|
10,100
|
1,010
|
9,090
|
*
|
|
Michael Mascaro
|
20,000
|
2,000
|
18,000
|
*
|
|
Ana C. Mathis
|
8,693
|
869
|
7,824
|
*
|
|
James Mathis
|
2,000
|
200
|
1,800
|
*
|
|
Eliahu Matsliah
|
300,000
|
30,000
|
270,000
|
*
|
|
Erez Maya
|
10,000
|
1,000
|
9,000
|
*
|
|
Margaret E. Mayberry
|
5,000
|
500
|
4,500
|
*
|
|
Steven B. Mayberry
|
21,000
|
2,100
|
18,900
|
*
|
|
Timothy Sean Mayne
|
18,750
|
1,875
|
16,875
|
*
|
|
Loy A. Mayo
|
20,100
|
2,010
|
18,090
|
*
|
|
Mark McCullough
|
20,100
|
2,010
|
18,090
|
*
|
|
Patrick J. McInnis
|
100,000
|
10,000
|
90,000
|
*
|
|
David F. McKenzie
|
50,000
|
5,000
|
45,000
|
*
|
|
Mike Mecka
|
10,050
|
1,005
|
9,045
|
*
|
|
Ralph or Barbara Mecka
|
33,750
|
3,375
|
30,375
|
*
|
|
Darcey A. Meddings
|
12,626
|
1,262
|
11,364
|
*
|
|
Amish & Rajul Mehta
|
101,000
|
10,100
|
90,900
|
*
|
|
Howard D. & Rosemary E. Meinicove
|
12,625
|
1,262
|
11,363
|
*
|
|
Patricia Melton
|
12,625
|
1,262
|
11,363
|
*
|
|
Shauna & Tom Menner
|
2,020
|
202
|
1,818
|
*
|
|
Mitchell F. Mense
|
20,000
|
2,000
|
18,000
|
*
|
|
Christopher H. Mesbah
|
12,500
|
1,250
|
11,250
|
*
|
|
Eyal Messika
|
33,250
|
3,325
|
29,925
|
*
|
|
David J. & Cynthia C. Messing
|
51,284
|
5,128
|
46,156
|
*
|
|
Yaacov Jake Metzler
|
176,750
|
17,675
|
159,075
|
*
|
|
Shirley A. Meyer
|
80,400
|
8,040
|
72,360
|
*
|
|
John and Emi Hirose Meyers
|
12,000
|
1,200
|
10,800
|
*
|
|
Michael H. Decker & Michele Carkner-Decker
|
808
|
80
|
728
|
*
|
|
Jason Miller
|
5,000
|
500
|
4,500
|
*
|
|
Jaime Milstein
|
403,750
|
40,375
|
363,375
|
*
|
|
Mike or Michael I. Mintz
|
13,750
|
1,375
|
12,375
|
*
|
|
Frank Miraglia
|
18,938
|
1,893
|
17,045
|
*
|
|
Walter Miraglia
|
4,040
|
404
|
3,636
|
*
|
|
Mirimichi Investments PTY Ltd
|
10,100
|
1,010
|
9,090
|
*
|
|
L. P. Misuma
|
33,333
|
3,333
|
30,000
|
*
|
|
Iouri Mitchenko
|
10,000
|
1,000
|
9,000
|
*
|
|
David Mitshnik
|
100,000
|
10,000
|
90,000
|
*
|
|
Brian L. Mitteldorf
|
222,200
|
22,220
|
199,980
|
*
|
|
Robert & Peggy Mitteldorf
|
444,400
|
44,440
|
399,960
|
*
|
|
Avigdor Mizrahi
|
16,667
|
1,666
|
15,001
|
*
|
|
Orna Mizrahi (1)
|
1,000,000
|
100,000
|
900,000
|
*
|
|
Meir Mizrahi
|
33,668
|
3,366
|
30,302
|
*
|
|
Ali Motamedi-Rad
|
20,000
|
2,000
|
18,000
|
*
|
|
Bonnie Jean Moore
|
5,050
|
505
|
4,545
|
*
|
|
Sia Mormanis
|
8,333
|
833
|
7,500
|
*
|
|
Thomas J. III & Joanne O. Munger
|
17,675
|
1,767
|
15,908
|
*
|
|
Jim M. & Brenda K. Nabulsi
|
20,200
|
2,020
|
18,180
|
*
|
|
Zak & Elizabeth Nahmoulis
|
21,208
|
2,120
|
19,088
|
*
|
|
Alan Nanas
|
20,000
|
2,000
|
18,000
|
*
|
|
Herb Nanas
|
20,000
|
2,000
|
18,000
|
*
|
|
Rick Nanas
|
10,000
|
1,000
|
9,000
|
*
|
|
Shmuel Naparstek
|
10,000
|
1,000
|
9,000
|
*
|
|
Rami Navarro
|
60,000
|
6,000
|
54,000
|
*
|
|
Vaughn Nelson
|
6,000
|
600
|
5,400
|
*
|
|
Walter Netzke
|
32,685
|
3,268
|
29,417
|
*
|
|
Jerrold Newman
|
50,000
|
5,000
|
45,000
|
*
|
|
Hong N. Nguyen
|
633,040
|
63,304
|
569,736
|
*
|
|
William & Lupita Niccum
|
10,100
|
1,010
|
9,090
|
*
|
|
Howard P. Nichols
|
20,000
|
2,000
|
18,000
|
*
|
|
Norman Janes & Patricia M. Janes Living Trust
|
12,500
|
1,250
|
11,250
|
*
|
|
Erin Nowak
|
4,020
|
402
|
3,618
|
*
|
|
Michael F. & Elizabeth A. O’Brien
|
14,358
|
1,435
|
12,923
|
*
|
|
David P. O’Connor
|
50,000
|
5,000
|
45,000
|
*
|
|
Zareh Ohanian
|
20,000
|
2,000
|
18,000
|
*
|
|
Peter & Wendy Oillataguerre
|
5,000
|
500
|
4,500
|
*
|
|
Daniel E. Olander
|
7,215
|
721
|
6,494
|
*
|
|
Mathew J. O’Leary
|
31,984
|
3,198
|
28,786
|
*
|
|
Kerri Lee Oneill
|
10,000
|
1,000
|
9,000
|
*
|
|
Pacific West Management
|
1,900,000
|
190,000
|
1,710,000
|
1.7%
|
|
William J. & Margo J. Pagnini, Trustees
|
12,625
|
1,262
|
11,363
|
*
|
|
John and Cindy Pappas
|
4,242
|
424
|
3,818
|
*
|
|
Lance K. Paris
|
4,020
|
402
|
3,618
|
*
|
|
Charles Mack & Hattie E. Pate
|
20,200
|
2,020
|
18,180
|
*
|
|
Jeffrey Pedersen
|
12,625
|
1,262
|
11,363
|
*
|
|
Michael G. Pelaic
|
21,250
|
2,125
|
19,125
|
*
|
|
James J. Peot
|
10,000
|
1,000
|
9,000
|
*
|
|
Ronald B. Perelman, MD
|
25,000
|
2,500
|
22,500
|
*
|
|
Gal Peretz
|
10,000
|
1,000
|
9,000
|
*
|
|
Juan F. Perez
|
10,050
|
1,005
|
9,045
|
*
|
|
Robert B. Perkins
|
6,677
|
667
|
6,010
|
*
|
|
Dirk D. & Jeannine J. Perriseau
|
50,000
|
5,000
|
45,000
|
*
|
|
James M. Perrizo
|
12,500
|
1,250
|
11,250
|
*
|
|
John K. Perry
|
12,500
|
1,250
|
11,250
|
*
|
|
John M. Petote
|
631,250
|
63,125
|
568,125
|
*
|
|
Bertold W. Pfeifer
|
241,200
|
24,120
|
217,080
|
*
|
|
Karin Pfeifer
|
55,166
|
5,516
|
49,650
|
*
|
|
Dwyne B. Philippin
|
39,050
|
3,905
|
35,145
|
*
|
|
Myrna Picard
|
2,000
|
200
|
1,800
|
*
|
|
Robin Picard
|
8,000
|
800
|
7,200
|
*
|
|
Harve Pierre
|
12,625
|
1,262
|
11,363
|
*
|
|
James Reid Pint
|
50,500
|
5,050
|
45,450
|
*
|
|
David L. Pitts
|
20,000
|
2,000
|
18,000
|
*
|
|
Kellye Tarelka Pitts
|
20,000
|
2,000
|
18,000
|
*
|
|
Posey Family Trust
|
30,300
|
3,030
|
27,270
|
*
|
|
Douglas F. & Windi L. Posey
|
13,000
|
1,300
|
11,700
|
*
|
|
Russ & Lauri Posey
|
10,100
|
1,010
|
9,090
|
*
|
|
Eleni Potouridou
|
13,750
|
1,375
|
12,375
|
*
|
|
Jeanne M. Powell
|
20,000
|
2,000
|
18,000
|
*
|
|
Allan H. & Judith M. Price
|
18,750
|
1,875
|
16,875
|
*
|
|
Myra Priskie
|
20,000
|
2,000
|
18,000
|
*
|
|
Linda Provencio
|
10,000
|
1,000
|
9,000
|
*
|
|
David L. Puckett
|
148,134
|
14,813
|
133,321
|
*
|
|
Paul D’arey Purtill
|
60,000
|
6,000
|
54,000
|
*
|
|
Amalia Michelle Quezada
|
4,000
|
400
|
3,600
|
*
|
|
Kobi & Golan Rabin
|
12,625
|
1,262
|
11,363
|
*
|
|
Josef & Mirit Rabinovitz
|
303,000
|
30,300
|
272,700
|
*
|
|
David J. Radis
|
12,500
|
1,250
|
11,250
|
*
|
|
Alen Rasidkadic
|
15,000
|
1,500
|
13,500
|
*
|
|
George & Dorothy Relyea
|
5,050
|
505
|
4,545
|
*
|
|
William T. Rhodes
|
97,750
|
9,775
|
87,975
|
*
|
|
Yolanda Ridoutt
|
16,667
|
1,666
|
15,001
|
*
|
|
Itzik & Sandra Rief
|
20,200
|
2,020
|
18,180
|
*
|
|
Bryan & Tamara Riley
|
5,000
|
500
|
4,500
|
*
|
|
Robert Saxon C/O Meyers, Saxon & Cole
|
12,500
|
1,250
|
11,250
|
*
|
|
James E. Rock, Jr.
|
12,500
|
1,250
|
11,250
|
*
|
|
John Thomas Rogers Jr.
|
103,525
|
10,352
|
93,173
|
*
|
|
Reynoldo J. Roman
|
10,000
|
1,000
|
9,000
|
*
|
|
Roscious Pty Ltd.
|
20,000
|
2,000
|
18,000
|
*
|
|
Jason Rosenberg
|
4,500
|
450
|
4,050
|
*
|
|
Larry & Carla Rosenberg
|
26,333
|
2,633
|
23,700
|
*
|
|
Bert Rosenbluth
|
12,625
|
1,262
|
11,363
|
*
|
|
Bernice Ross
|
25,000
|
2,500
|
22,500
|
*
|
|
Joseph S. Rossi
|
50,500
|
5,050
|
45,450
|
*
|
|
Chad W. Roth
|
2,525
|
252
|
2,273
|
*
|
|
Shane V. Roth
|
7,070
|
707
|
6,363
|
*
|
|
Ron Rotschild
|
16,833
|
1,683
|
15,150
|
*
|
|
Ruck & Maul Pty Ltd ATF Johneales Family Trust
|
20,000
|
2,000
|
18,000
|
*
|
|
Jeff Ruiz
|
30,582
|
3,058
|
27,524
|
*
|
|
Jerry Ruiz
|
30,584
|
3,058
|
27,526
|
*
|
|
Julian Ruiz Jr.
|
10,500
|
1,050
|
9,450
|
*
|
|
Stephen E. Ruskowski
|
25,250
|
2,525
|
22,725
|
*
|
|
Hyung Ryu
|
17,500
|
1,750
|
15,750
|
*
|
|
Solomon Sadoun
|
33,666
|
3,366
|
30,300
|
*
|
|
Joe Salcedo
|
24,240
|
2,424
|
21,816
|
*
|
|
Alexandra F. Salomon
|
12,500
|
1,250
|
11,250
|
*
|
|
Amanda M. Salomon
|
12,500
|
1,250
|
11,250
|
*
|
|
Lenore S. Salamon
|
16,667
|
1,666
|
15,001
|
*
|
|
Michael S. Salomon
|
246,682
|
24,668
|
222,014
|
*
|
|
Scott M Saloon
|
12,500
|
1,250
|
11,250
|
*
|
|
Etty Scaglia
|
22,725
|
2,272
|
20,453
|
*
|
|
Mathias Scaglia
|
15,150
|
1,515
|
13,635
|
*
|
|
David Paul & Sherrie Ann Scheele
|
2,500
|
250
|
2,250
|
*
|
|
Julie Anne Schultz
|
9,343
|
934
|
8,409
|
*
|
|
Anthony J. & Mario A. Sciacca
|
52,500
|
5,250
|
47,250
|
*
|
|
Shawn & Candy Scranton
|
8,838
|
883
|
7,955
|
*
|
|
Anthony M. Servera
|
4,000
|
400
|
3,600
|
*
|
|
Moshe Shaked
|
60,600
|
6,060
|
54,540
|
*
|
|
Guy Shamir
|
12,625
|
1,262
|
11,363
|
*
|
|
Pinhas & Natalia Sharon
|
60,300
|
6,030
|
54,270
|
*
|
|
Ron Shashua
|
165,650
|
16,565
|
149,085
|
*
|
|
Lee Brent Shaw
|
60,000
|
6,000
|
54,000
|
*
|
|
David J. Sheen
|
12,500
|
1,250
|
11,250
|
*
|
|
Hillel Sheinfeld
|
12,500
|
1,250
|
11,250
|
*
|
|
Robert Shermin
|
58,333
|
5,833
|
52,500
|
*
|
|
Clifford Makr & Jacqueline Frances Sheridan
|
20,200
|
2,020
|
18,180
|
*
|
|
Jean Sherwood
|
5,050
|
505
|
4,545
|
*
|
|
Stewart or Deborah Sherwood
|
50,500
|
5,050
|
45,450
|
*
|
|
Dotan Shoham
|
252,500
|
25,250
|
227,250
|
*
|
|
Chagay & Gila Shoval
|
12,625
|
1,262
|
11,363
|
*
|
|
Larry W. & Linda R. Shryer
|
12,120
|
1,212
|
10,908
|
*
|
|
Jonathan W. Shuken
|
54,167
|
5,416
|
48,751
|
*
|
|
Pamela Shuken
|
37,500
|
3,750
|
33,750
|
*
|
|
Victoria A. Shuken
|
66,667
|
6,666
|
60,001
|
*
|
|
Peter M. Shulman
|
110,500
|
11,050
|
99,450
|
*
|
|
Lie H. Sie
|
10,050
|
1,050
|
9,045
|
*
|
|
Joseph J & Elisabeth K Signor
|
101,000
|
10,100
|
90,900
|
*
|
|
Daniel H. Silver
|
12,500
|
1,250
|
11,250
|
*
|
|
Edwin & Cherie Silver
|
18,938
|
1,893
|
17,045
|
*
|
|
Robert & Judie Silver
|
40,400
|
4,040
|
36,360
|
*
|
|
Karleen I. Simons
|
50,250
|
5,025
|
45,225
|
*
|
|
Thomas Sinagra
|
20,200
|
2,020
|
18,180
|
*
|
|
Simon Singh
|
10,000
|
1,000
|
9,000
|
*
|
|
Michael V. Smalley
|
20,100
|
2,010
|
18,090
|
*
|
|
Leanna Smith
|
12,500
|
1,250
|
11,250
|
*
|
|
Michael D. Smith
|
100,000
|
10,000
|
90,000
|
*
|
|
Michael H. Sofia
|
20,000
|
2,000
|
18,000
|
*
|
|
Barbara Soony Mathes
|
8,333
|
833
|
7,500
|
*
|
|
Scott and Suzanne Soper
|
50,000
|
5,000
|
45,000
|
*
|
|
SPI International Inc (Pending Payment Due) | 2,000,000 | 200,000 | 1,800,000 | 1.8% | |
Todd & Katrina Spivek
|
2,000
|
200
|
1,800
|
*
|
|
Douglas & Churtchai Squire
|
12,500
|
1,250
|
11,250
|
*
|
|
Ann & William Sriro
|
1,000
|
100
|
900
|
*
|
|
Edna N. Statman
|
25,250
|
2,525
|
22,725
|
*
|
|
Scott A. Stave
|
80,000
|
8,000
|
72,000
|
*
|
|
Danny & Sharon Stefek
|
82,000
|
8,200
|
73,800
|
*
|
|
William A. Stephenson
|
80,400
|
8,040
|
72,360
|
*
|
|
Janice Stompro
|
12,500
|
1,250
|
11,250
|
*
|
|
Richard H. & Patricia Stoner
|
70,350
|
7,035
|
63,315
|
*
|
|
Nathaniel Swain
|
12,060
|
1,206
|
10,854
|
*
|
|
Chris Sweeney
|
10,000
|
1,000
|
9,000
|
*
|
|
Donald E. & Cindy L. Sweet
|
61,863
|
6,186
|
55,677
|
*
|
|
Todd & Jennifer Swendsen
|
20,200
|
2,020
|
18,180
|
*
|
|
Patricia Taber
|
12,625
|
1,262
|
11,363
|
*
|
|
David S. & Linda M. Tamura
|
100,500
|
10,050
|
90,450
|
*
|
|
Scott Tamura
|
261,300
|
26,130
|
235,170
|
*
|
|
John & Lisa Taraska
|
6,302
|
630
|
5,672
|
*
|
|
Cory Tauber
|
2,000
|
200
|
1,800
|
*
|
|
Sean Tauber
|
7,000
|
700
|
6,300
|
*
|
|
Richard S. Tenold
|
21,210
|
2,121
|
19,089
|
*
|
|
Richard S. Tenold
|
12,625
|
1,262
|
11,353
|
*
|
|
Shannon & Paty Terry
|
45,955
|
4,595
|
412,360
|
*
|
|
Joe Thabet
|
10,100
|
1,010
|
9,090
|
*
|
|
The Armored Group, LLC
|
100,000
|
10,000
|
90,000
|
*
|
|
The Rosen Family Trust
|
36,667
|
3,666
|
3,301
|
*
|
|
Stuart Thomas
|
20,100
|
2,010
|
18,090
|
*
|
|
Greg Thompson
|
6,312
|
631
|
5,681
|
*
|
|
Cathy Thompson
|
6,313
|
631
|
5,682
|
*
|
|
Alan Gregory Threlfall
|
20,000
|
2,000
|
18,000
|
*
|
|
Wayne & Marjorie F. Threm
|
70,700
|
7,070
|
63,630
|
*
|
|
Nicholas John Tomlin
|
40,400
|
4,040
|
36,360
|
*
|
|
Miguel Torres
|
33,666
|
3,366
|
30,300
|
*
|
|
Sean Treloggen
|
190,000
|
19,000
|
171,000
|
*
|
|
Chaim Troman
|
83,630
|
8,363
|
75,267
|
*
|
|
Joseph Scott Trotochau
|
40,000
|
4,000
|
36,000
|
*
|
|
H. David Turner
|
30,553
|
3,055
|
27,498
|
*
|
|
Herbert Joseph Turner
|
12,500
|
1,250
|
11,250
|
*
|
|
Vito Ungaro
|
141,310
|
14,131
|
127,179
|
*
|
|
James & Phoda Vandermeyden
|
9,000
|
900
|
8,100
|
*
|
|
Barry Lee Vanderveen
|
14,000
|
1,400
|
12,600
|
*
|
|
Alon Varsha
|
15,000
|
1,500
|
13,500
|
*
|
|
Rami Varsha
|
15,000
|
1,500
|
13,500
|
*
|
|
Jamie Peter Vasas
|
10,250
|
1,025
|
9,225
|
*
|
|
Gary K. & Cheri L. Virgin
|
20,000
|
2,000
|
18,000
|
*
|
|
Mark Volkov
|
33,668
|
3,366
|
30,302
|
*
|
|
Eric Von Borstel
|
303,455
|
30,345
|
273,110
|
*
|
|
James Earl Waolder
|
20,000
|
2,000
|
18,000
|
*
|
|
Marc D. Wallick
|
50,500
|
5,050
|
45,450
|
*
|
|
Josephine V. Walsh
|
8,417
|
8,417
|
7,576
|
*
|
|
John H. Walters
|
50,000
|
5,000
|
45,000
|
*
|
|
Roger E. Walters
|
101,000
|
10,100
|
90,900
|
*
|
|
Robert Scott Webb
|
4,000
|
400
|
3,600
|
*
|
|
Terrence & Margaret Weber
|
1,344
|
134
|
1,210
|
*
|
|
Dawn Weber
|
18,750
|
1,875
|
16,875
|
*
|
|
Barry Weiner
|
7,500
|
750
|
6,750
|
*
|
|
Michael Weiss
|
12,625
|
1,262
|
11,363
|
*
|
|
Aaron Werth
|
22,500
|
2,250
|
20,250
|
*
|
|
Andrew Davison West
|
123,725
|
12,372
|
111,353
|
*
|
|
Anita Westfall
|
98,834
|
9,883
|
88,951
|
*
|
|
Arnon & Rivka Wexler
|
12,500
|
1,250
|
11,250
|
*
|
|
Desley White
|
14,070
|
1,407
|
12,663
|
*
|
|
Billy Jack or Antoinet Whitley
|
50,500
|
5,050
|
45,450
|
*
|
|
Norman D. Whitsed
|
4,040
|
404
|
3,636
|
*
|
|
Melvin L. & Bette J. Wilkins
|
15,070
|
1,507
|
13,563
|
*
|
|
Robert P. Williams
|
12,500
|
1,250
|
11,250
|
*
|
|
Sally D. Wilson
|
25,000
|
2,500
|
22,500
|
*
|
|
William L. & Jo H. Wiltse
|
50,500
|
5,050
|
45,450
|
*
|
|
William S. Wiltse
|
41,410
|
4,141
|
37,269
|
*
|
|
Carl W. Winters Jr.
|
25,250
|
2,525
|
22,725
|
*
|
|
James C. & Donna L. Witkowski
|
10,000
|
1,000
|
9,000
|
*
|
|
Edgar Wolff
|
10,000
|
1,000
|
9,000
|
*
|
|
Irvin Wolff
|
10,000
|
1,000
|
9,000
|
*
|
|
Li-Mei Wong
|
70,700
|
7,070
|
63,630
|
*
|
|
Mei-Yuk Wong
|
25,000
|
2,500
|
22,500
|
*
|
|
Richard & Caryn Wood
|
50,000
|
5,000
|
45,000
|
*
|
|
Charles E. Woodrow
|
50,250
|
5,025
|
45,225
|
*
|
|
Hedy Woodrow
|
50,250
|
5,025
|
45,225
|
*
|
|
Robert K. & Shirley F. Worcester
|
202,000
|
20,200
|
181,800
|
*
|
|
Jessica J. Wright
|
24,400
|
2,440
|
21,960
|
*
|
|
Oren Yaacobi
|
22,500
|
2,250
|
20,250
|
*
|
|
Amram Yahalom
|
52,183
|
5,218
|
46,965
|
*
|
|
Patricia Ann Yelder
|
6,000
|
600
|
5,400
|
*
|
|
Karen Lani Yonemoto
|
30,300
|
3,030
|
27,270
|
*
|
|
Yaeook Yoon
|
12,500
|
1,250
|
11,250
|
*
|
|
Gil Zahavi
|
33,333
|
3,333
|
30,000
|
*
|
|
Uri Zahavi
|
55,555
|
5,555
|
50,000
|
*
|
|
Peter Zakurdaew
|
12,500
|
1,250
|
11,250
|
*
|
|
Zeolla Marble Company, Inc.
|
1,516,000
|
151,600
|
1,364,400
|
1.4%
|
|
Anthony B. & Mary E. Zeolla
|
1,476,200
|
147,620
|
1,328,580
|
1.3%
|
|
John A. & Rosalia B. Zeolla
|
280,800
|
28,080
|
25,920
|
*
|
|
Amy Zillioux
|
3,272
|
327
|
2,945
|
*
|
|
Eric & Sheri Zillioux
|
22,462
|
2,246
|
20,216
|
*
|
|
Erin P. Zillioux
|
2,525
|
252
|
2,273
|
*
|
|
M. Scott & Nan Dwyer Zillioux
|
25,083
|
2,508
|
22,575
|
*
|
|
Matthew W. Zillioux
|
2,525
|
252
|
2,273
|
*
|
|
Joshua & Rachel Zipp
|
10,000
|
1,000
|
9,000
|
*
|
|
Louis & Frances Zirille
|
5,050
|
505
|
4,545
|
*
|
|
Mark Zodda
|
25,250
|
2,525
|
22,725
|
*
|
|
Steve & Deborah Zografos
|
20,000
|
2,000
|
18,000
|
*
|
|
Asher & Ruth Zohar
|
222,200
|
22,220
|
199,980
|
*
|
|
Ronen Zour
|
190,833
|
19,083
|
171,750
|
*
|
|
Luba Zuk
|
22,725
|
2,272
|
20,453
|
*
|
|
Jonathan Zuk
|
269,597
|
26,959
|
242,638
|
*
|
|
Roie Zuk
|
10,000
|
1,000
|
9,000
|
*
|
|
Shonie Zuk
|
10,000
|
1,000
|
9,000
|
*
|
|
Neta Zuk
|
10,000
|
1,000
|
9,000
|
*
|
|
Amichai Zuntz
|
10,050
|
1,005
|
9,045
|
*
|
Pages
|
|
Balance Sheets as of December 31, 2011 (Unaudited) and March 31, 2011
|
30
|
Statements of Operations (Unaudited) for the nine month periods ended December 31, 2011 and December 31, 2010
|
31
|
Statements of Cash Flows (Unaudited) for the nine month periods ended December 31, 2011 and December 31, 2010
|
32
|
Notes to Financial Statements
|
33 through 35
|
Report of Independent Registered Accounting Firm
|
36
|
Balance Sheets as of March 31, 2011 and March 31, 2010
|
37
|
Statements of Operations for the years ended March 31, 2011 and 2010
|
38
|
Statements of Stockholders’ Equity for the years ended March 31, 2011 and 2010
|
39
|
Statements of Cash Flows for the years ended March 31, 2011 and 2010
|
40
|
Notes to Financial Statements
|
41 through 47
|
ASSETS
|
||||||||
December 31,2011
|
March 31, 2011
|
|||||||
(Unaudited)
|
(Audited)
|
|||||||
Current assets:
|
||||||||
Cash | $ | 4,178 | $ | 89,584 | ||||
Prepaid expenses
|
1,560 | 59,140 | ||||||
Total current assets
|
5,738 | 148,724 | ||||||
Property and equipment, net
|
1,130,876 | 1,458,258 | ||||||
Total assets
|
$ | 1,136,614 | $ | 1,606,982 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable and accrued liabilities
|
$ | 367,317 | $ | 277,195 | ||||
Unearned revenue
|
- | 10,000 | ||||||
Officer Loan
|
113,174 | - | ||||||
Total current liabilities
|
480,491 | 287,195 | ||||||
Total liabilities
|
480,491 | 287,195 | ||||||
Stockholders' equity:
|
||||||||
Common stock; $0.001 par value, 100,000,000 shares authorized and
|
||||||||
100,000,000 and 100,000,000 shares issued and outstanding at December 31, 2011
|
||||||||
and March 31, 2011, respectively
|
100,000 | 100,000 | ||||||
Additional paid-in capital
|
2,456,089 | 2,453,722 | ||||||
Accumulated deficit
|
(1,899,966 | ) | (1,233,935 | ) | ||||
Total stockholders' equity
|
656,123 | 1,319,787 | ||||||
Total liabilities and stockholders' equity
|
$ | 1,136,614 | $ | 1,606,982 |
Nine Months Ended December 31,
|
||||||||
2011
|
2010
|
|||||||
Revenues
|
$ | 79,620 | $ | 131,745 | ||||
Cost of revenues
|
36,155 | 15,125 | ||||||
Gross profit
|
43,465 | 116,620 | ||||||
Operating expenses:
|
||||||||
General and administrative
|
143,561 | 49,382 | ||||||
Depreciation
|
353,424 | 332,432 | ||||||
Compensation
|
118,277 | 116,565 | ||||||
Rent
|
92,340 | 90,000 | ||||||
Total operating expenses
|
707,602 | 588,379 | ||||||
Loss before other income and expenses
|
(664,137 | ) | (471,759 | ) | ||||
Other income and expenses
|
||||||||
Gain on sale of fixed assets
|
472 | - | ||||||
Interest expense
|
2,366 | - | ||||||
Loss before income taxes
|
(666,031 | ) | (471,759 | ) | ||||
Provision for income taxes
|
- | - | ||||||
Net loss
|
$ | (666,031 | ) | $ | (471,759 | ) | ||
Basic loss per common share
|
$ | (0.01 | ) | $ | (0.00 | ) | ||
Basic weighted average common
|
||||||||
shares outstanding
|
100,000,000 | 100,000,000 |
Nine Months Ended
|
||||||||
December 31,
|
||||||||
2011
|
2010
|
|||||||
Cash flows from operating activities:
|
||||||||
Net loss
|
$ | (666,031 | ) | $ | (471,759 | ) | ||
Adjustments to reconcile net loss to net
|
||||||||
cash used in operating activities:
|
||||||||
Depreciation
|
353,424 | 332,432 | ||||||
Gain on sale of asset
|
472 | - | ||||||
Imputed interest on officer advance
|
2,366 | - | ||||||
Changes in operating assets and liabilities:
|
||||||||
Decrease in prepaid expenses
|
57,579 | (975 | ) | |||||
Increase (decrease) in accounts payable and accrued expenses
|
90,123 | 62,832 | ||||||
Increase in unearned revenue
|
(10,000 | ) | - | |||||
Net cash used in operating activities
|
(172,067 | ) | (77,470 | ) | ||||
Cash flows from investing activities:
|
||||||||
Purchase of fixed assets
|
(31,367 | ) | (67,007 | ) | ||||
Proceeds from disposal of fixed assets
|
4,854 | -- | ||||||
Net cash used in investing activities
|
(26,513 | ) | (67,007 | ) | ||||
Cash flows from financing activities:
|
||||||||
Proceeds from issuance of stock
|
- | 130,239 | ||||||
Advances from officer
|
140,017 | - | ||||||
Repayment of officer advance
|
(26,843 | ) | - | |||||
Proceeds from shareholder contributions
|
- | 13,614 | ||||||
Net cash provided by financing activities
|
113,174 | 143,853 | ||||||
Net change in cash
|
(85,406 | ) | (624 | ) | ||||
Cash, beginning of period
|
89,584 | 103 | ||||||
Cash, end of period
|
$ | 4,178 | $ | (521 | ) | |||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
|
||||||||
Cash paid during the period for
|
||||||||
Interest
|
$ | - | $ | - | ||||
Taxes
|
$ | 16,594 | $ | 17,390 |
1.
|
DESCRIPTION OF BUSINESS AND HISTORY
|
2.
|
SUMMARY OF SIGNIFICANT POLICIES
|
2.
|
SUMMARY OF SIGNIFICANT POLICIES – (CONTINUED)
|
3.
|
GOING CONCERN
|
4.
|
PREPAID EXPENSES
|
December 31, 2011
|
March 31, 2011
|
|||||||
Rent paid in advance
|
$ | 1,560 | $ | 43,900 | ||||
Professional fees
|
- | 14,590 | ||||||
Property taxes
|
- | 650 | ||||||
$ | 1,560 | $ | 59,140 |
5.
|
PROPERTY AND EQUIPMENT, NET
|
December 31, 2011
|
March 31, 2011
|
|||||||
Furniture and equipment
|
$ | 2,285,603 | $ | 2,264,648 | ||||
Leasehold improvements
|
82,987 | 78,543 | ||||||
2,368,590 | 2,343,191 | |||||||
Less: accumulated depreciation
|
(1,237,714 | ) | (884,933 | ) | ||||
$ | 1,130,876 | $ | 1,458,258 |
6.
|
RELATED PARTY TRANSACTIONS
|
7.
|
SUBSEQUENT EVENTS
|
ASSETS
|
March 31,
|
|||||||
2011
|
2010
|
|||||||
Current assets:
|
||||||||
Cash | $ | 89,584 | $ | 103 | ||||
Prepaid expenses
|
59,140 | - | ||||||
Total current assets
|
148,724 | 103 | ||||||
Property and equipment, net
|
1,458,258 | 1,766,975 | ||||||
Total assets
|
$ | 1,606,982 | $ | 1,767,078 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current liabilities:
|
||||||||
Accounts payable and accrued liabilities
|
$ | 277,195 | $ | 189,203 | ||||
Unearned revenue
|
10,000 | - | ||||||
Total current liabilities
|
287,195 | 189,203 | ||||||
Total liabilities
|
287,195 | 189,203 | ||||||
Stockholders' equity:
|
||||||||
Common stock; $0.001 par value, 100,000,000 shares authorized and
|
||||||||
100,000,000 and 100,000,000 shares issued and outstanding at March 31, 2011
|
||||||||
and 2010, respectively
|
100,000 | 100,000 | ||||||
Additional paid-in capital
|
2,453,722 | 2,116,205 | ||||||
Accumulated deficit
|
(1,233,935 | ) | (638,330 | ) | ||||
Total stockholders' equity
|
1,319,787 | 1,577,875 | ||||||
Total liabilities and stockholders' equity
|
$ | 1,606,982 | $ | 1,767,078 |
Year Ended March 31,
|
||||||||
2011
|
2010
|
|||||||
Revenues
|
$ | 386,203 | $ | 1,938,355 | ||||
Cost of revenues
|
151,009 | 1,701,575 | ||||||
Gross profit
|
235,194 | 236,780 | ||||||
Operating expenses:
|
||||||||
General and administrative
|
84,132 | 42,372 | ||||||
Depreciation
|
443,860 | 441,073 | ||||||
Compensation
|
182,807 | 348,325 | ||||||
Rent
|
120,000 | 37,340 | ||||||
Total operating expenses
|
830,799 | 869,110 | ||||||
Loss before other expenses and income taxes
|
(595,605 | ) | (632,330 | ) | ||||
Other expenses
|
||||||||
Interest expense
|
- | 6,000 | ||||||
Loss before income taxes
|
(595,605 | ) | (626,330 | ) | ||||
Provision for income taxes
|
- | - | ||||||
Net loss
|
$ | (595,605 | ) | $ | (638,330 | ) | ||
Basic loss per common share
|
$ | (0.01 | ) | $ | (0.01 | ) | ||
Basic weighted average common
|
||||||||
shares outstanding
|
100,000,000 | 100,000,000 |
Common Stock
|
Additional
|
Accumulated
|
Total Stockholders'
|
|||||||||||||||||
Shares
|
Amount
|
Paid-in Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance, March 31, 2009
|
100,000,000 | $ | 100,000 | $ | 2,083,379 | $ | - | $ | 2,183,379 | |||||||||||
Shareholder cash contributions
|
- | - | 32,826 | - | 32,826 | |||||||||||||||
Net loss
|
- | - | - | (638,330 | ) | (638,330 | ) | |||||||||||||
Balance, March 31, 2010
|
100,000,000 | 100,000 | 2,116,205 | (638,330 | ) | 1,577,875 | ||||||||||||||
Shares returned to treasury by majority shareholder
|
(1,902,928 | ) | (1,903 | ) | 1,903 | - | - | |||||||||||||
Options exercised
|
1,877,928 | 1,878 | 299,696 | - | 301,574 | |||||||||||||||
Issaunce of stock for services
|
25,000 | 25 | 12,475 | - | 12,500 | |||||||||||||||
Shareholder cash contributions
|
- | - | 23,443 | - | 23,443 | |||||||||||||||
Net loss
|
- | - | - | (595,605 | ) | (595,605 | ) | |||||||||||||
Balance, March 31, 2011
|
100,000,000 | $ | 100,000 | $ | 2,453,722 | $ | (1,233,935 | ) | $ | 1,319,787 |
Year Ended March 31,
|
||||||||
2011
|
2010
|
|||||||
Cash flows from operating activities:
|
||||||||
Net loss
|
$ | (595,605 | ) | $ | (638,330 | ) | ||
Adjustments to reconcile net loss to net
|
||||||||
cash (used) provided by operating activities:
|
||||||||
Depreciation
|
443,860 | 441,073 | ||||||
Stock issued for services
|
12,500 | - | ||||||
Changes in operating assets and liabilities:
|
||||||||
(Increase) in prepaid expenses
|
(59,140 | ) | - | |||||
Decrease in accounts receivable
|
- | 254,214 | ||||||
Increase (decrease) in accounts payable and accrued expenses
|
87,992 | (36,997 | ) | |||||
Increase in unearned revenue
|
10,000 | - | ||||||
Net cash (used) provided in operating activities
|
(100,393 | ) | 19,960 | |||||
Cash flows from investing activities:
|
||||||||
Purchase of fixed assets
|
(135,143 | ) | (2,683 | ) | ||||
Net cash used in investing activities
|
(135,143 | ) | (2,683 | ) | ||||
Cash flows from financing activities:
|
||||||||
Payments made on related party advance
|
- | (50,000 | ) | |||||
Proceeds from issuance of stock
|
301,574 | - | ||||||
Proceeds from shareholder contributions
|
23,443 | 32,826 | ||||||
Net cash provided by financing activities
|
325,017 | (17,174 | ) | |||||
Net change in cash
|
89,481 | 103 | ||||||
Cash, beginning of period
|
103 | - | ||||||
Cash, end of period
|
$ | 89,584 | $ | 103 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
|
||||||||
Cash paid for interest
|
$ | - | $ | 6,000 | ||||
Cash paid for taxes
|
$ | - | $ | - | ||||
Non-cash investing and financing ativities:
|
||||||||
Common stock gifted by officer
|
$ | 1,903 | $ | - |
1.
|
DESCRIPTION OF BUSINESS AND HISTORY
|
2.
|
SUMMARY OF SIGNIFICANT POLICIES
|
2.
|
SUMMARY OF SIGNIFICANT POLICIES – (CONTINUED)
|
Description
|
Estimated Life
|
Equipment
|
5 yr
|
Computers
|
5 yr
|
Leasehold improvements
|
5 yr
|
Office furniture
|
5 yr
|
2.
|
SUMMARY OF SIGNIFICANT POLICIES – (CONTINUED)
|
3.
|
GOING CONCERN
|
4.
|
PREPAID EXPENSES
|
2011
|
2010
|
|||||||
Rent paid in advance
|
$ | 43,900 | $ | - | ||||
Professional fees
|
14,590 | - | ||||||
Property taxes
|
650 | - | ||||||
$ | 59,140 | $ | - |
5.
|
PROPERTY AND EQUIPMENT, NET
|
2011
|
2010
|
|||||||
Furniture and equipment
|
$ | 2,264,648 | $ | 2,205,366 | ||||
Leasehold improvements
|
78,543 | 2,683 | ||||||
2,343,191 | 2,208,049 | |||||||
Less: accumulated depreciation
|
(884,933 | ) | (441,074 | ) | ||||
$ | 1,458,258 | $ | 1,766,975 |
6.
|
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
|
2011
|
2010
|
|||||||
Accounts payable
|
$ | 654 | $ | 40,000 | ||||
Accrued payroll
|
218,865 | 121,714 | ||||||
Accrued payroll tax
|
57,676 | 34,489 | ||||||
$ | 277,195 | $ | 196,203 |
7.
|
INCOME TAXES
|
|
The Company provides for income taxes under FASB ASC 740, Accounting for Income Taxes. FASB ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently.
|
For the period ended March 31,
|
2011
|
2010
|
||||||
Book loss for the year
|
$ | (595,605 | ) | $ | (638,330 | ) | ||
Adjustments:
|
||||||||
Unpaid salaries
|
114,738 | 148,177 | ||||||
Tax depreciation under (over) book
|
(112,427 | ) | (331,067 | ) | ||||
Non-deductible stock compensation
|
12,500 | - | ||||||
Non-deductible portion of meals and entertainment
|
2,371 | 556 | ||||||
Non-deductible penalties
|
5,600 | 8,026 | ||||||
Tax loss for the year
|
$ | (572,823 | ) | $ | (812,638 | ) | ||
Estimated effective tax rate
|
35 | % | 35 | % | ||||
Deferred tax asset
|
$ | 200,488 | $ | 284,423 |
For the period ended March 31,
|
2011
|
2010
|
||||||
Deferred tax asset
|
$ | 497,117 | $ | 296,629 | ||||
Valuation allowance
|
(497,117 | ) | (296,629 | ) | ||||
Current taxes payable
|
- | - | ||||||
Income tax expense
|
$ | - | $ | - |
Year
|
Amount
|
Expiration
|
2011
|
$497,117
|
2031
|
2010
|
$231,809
|
2030
|
9.
|
OPERATING LEASE
|
10.
|
RELATED PARTY TRANSACTIONS
|
10.
|
RELATED PARTY TRANSACTIONS – (CONTINUED)
|
11.
|
STOCK OPTIONS
|
Balance, March 31, 2010
|
1,877,928 | $0.16 | ||||||
Options granted
|
- | |||||||
Options expired
|
- | |||||||
Options canceled
|
- | |||||||
Options exercised
|
(1,877,928 | ) | $0.16 | |||||
Balance, March 31, 2011
|
- |
Securities and Exchange Commission registration fee
|
$ 290.25
|
Miscellaneous expenses
|
500.00
|
Legal
|
25,000.00
|
Accounting fees and expenses
|
25,000.00
|
Total
|
$50,790.25
|
Exhibit No.
|
Description
|
|
3.1
|
Articles of Incorporation *
|
|
3.2
|
Bylaws *
|
|
4.1
|
Specimen Common Stock Certificate of Registrant *
|
|
5.1
|
Opinion of Gary R. Henrie, Attorney at Law regarding the legality of the common stock being registered *
|
|
10.1
|
Lease Agreement *
|
|
10.2
|
Employment Agreement with Mr. Backal *
|
|
10.3
|
Government Certification**
|
|
21.1
|
List of Subsidiaries *
|
|
23.1
|
Consent of HJ & Associates, L.L.C.
|
|
23.2
|
Consent of Gary R. Henrie (included in Exhibit 5.1) *
|
|
23.3
|
Powers of attorney (included in signature page)
|
|
99.1
|
NASDAQ Rule 4200(a)(15) regarding Director Independence**
|
(1)
|
a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
|
(2)
|
a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);
|
(3)
|
a transaction from which the director derived an improper personal profit; and
|
(4)
|
willful misconduct.
|
(1)
|
such indemnification is expressly required to be made by law;
|
(2)
|
the proceeding was authorized by our Board of Directors;
|
(3)
|
such indemnification is provided by us, in our sole discretion, pursuant to the powers vested us under Nevada law; or
|
(4)
|
such indemnification is required to be made pursuant to the bylaws.
|
1.
|
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
|
(a)
|
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
|
(b)
|
To reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and |
(c)
|
To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in the registration statement.
|
2.
|
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
|
3.
|
To remove from registration by means of a post-effective amendment any of the securities being registered hereby, which remain unsold at the termination of the offering.
|
MEGANET CORPORATION
|
||||
By:
|
/s/Saul Backal
|
|||
Saul Backal
|
||||
Chief Executive Officer
|
||||
(Principal Executive Officer)
|
Signature
|
Title
|
Date
|
||
/s/Saul Backal
Saul Backal
|
Chief Executive Officer and Director
(Principal Executive, Financial and Accounting Officer)
|
3-1-2012
|
||
/s/ Roni Backal
Roni Backal
|
Director
|
3-1-2012
|
||
/s/ Orna Mizrahi
Orna Mizrahi
|
Director
|
3-1-2012
|