0001213900-14-000747.txt : 20140211 0001213900-14-000747.hdr.sgml : 20140211 20140210174638 ACCESSION NUMBER: 0001213900-14-000747 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20140211 DATE AS OF CHANGE: 20140210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Priced In Corp. CENTRAL INDEX KEY: 0001561880 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-184897 FILM NUMBER: 14590505 BUSINESS ADDRESS: STREET 1: 6110 COXSWAIN CRESCENT TORONTO CITY: ONTARIO STATE: A6 ZIP: L5V-2Z8 BUSINESS PHONE: 418-263-8112 MAIL ADDRESS: STREET 1: 6110 COXSWAIN CRESCENT TORONTO CITY: ONTARIO STATE: A6 ZIP: L5V-2Z8 10-Q/A 1 f10q0313a1_pricedin.htm QUARTERLY REPORT f10q0313a1_pricedin.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

AMENDMENT NO.1 TO
FORM 10-Q/A
(Mark One)

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

For the quarterly period ended March 31, 2013 
or
 
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: 333-184897

PRICED IN CORP.
(Exact name of registrant as specified in its charter)

Nevada
 
N/A
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
   
6110 Coxswain Crescent
Toronto, ON, Canada
 
L5V-2Z8
(Address of principal executive offices)
 
(Zip Code)

(418) 263-8112
 (Registrant's telephone number, including area code)
 
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 of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  
Yes o No x
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  
Yes x 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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer
 
¨
  
Accelerated filer
 
¨
Non-accelerated filer
 
¨  (Do not check if a smaller reporting company)
  
Smaller reporting company
 
x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 
Yes x No o
 
Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.
 
Class
 
Shares outstanding as of May 15, 2013
Common stock, $.001 par value
 
5,000,000
 
 
 

 
 
EXPLANATORY NOTE

The purpose of this Amendment No. 1 to the Annual Report of Priced In Corp. (the “Company”) on Form 10-Q for the quarterly period ended March 31, 2013, filed with the Securities and Exchange Commission on May 15, 2013 (the “Form 10-Q”), is to amend the disclosure on the cover page of the Form 10-Q to indicate that the registrant is a shell company (as defined in Rule 12b-2 of the Act).   This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.
 
INDEX
 
PART I – FINANCIAL INFORMATION
   
       
Item 1.
Financial Statements (Unaudited).
 
1
       
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  2
       
Item 3.
Quantitative and Qualitative Disclosures About Market Risk.
  5
       
Item 4.
Controls and Procedures.
  5
       
PART II – OTHER INFORMATION
   
       
Item 1.
Legal Proceedings.
  6
       
Item 1A.
Risk Factors.
  6
       
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
  6
       
Item 3.
Defaults Upon Senior Securities.
  6
       
Item 4.
Mine Safety Disclosures.
  6
       
Item 5.
Other Information.
  6
       
Item 6.
Exhibits.
  6
       
SIGNATURES
  7
 
 
 

 
 
PART 1 - FINANCIAL INFORMATION
 
Item 1. Financial Statements.

Priced In Corp
(A Development Stage Company)
March 31, 2013
(Unaudited)
 
 
Index
   
Balance Sheets
F–1
   
Statement of Expenses
F–2
   
Statement of Cash Flows
F–3
   
Notes to the Financial Statements
F–4
 
 
1

 
 
Priced In Corp
(A Development Stage Company)
Balance Sheets
(Unaudited)

ASSETS
 
March 31,
2013
   
September 30,
2012
 
             
Current Assets
           
             
Cash
  $ 32,473     $ 41,078  
                 
Total Current Assets
  $ 32,473     $ 41,078  
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
                 
Current Liabilities
               
                 
Accounts payable and accrued liabilities
  $ 8,500     $ 1,500  
Due to related parties
    6       6  
                 
Total Current Liabilities
    8,506       1,506  
                 
Stockholders’ Equity
               
                 
Common stock
Authorized: 75,000,000 shares, par value $0.001
5,000,000 share issued and outstanding
    5,000       5,000  
                 
Additional paid-in capital
    45,000       45,000  
                 
Deficit accumulated during the development stage
    (26,033 )     (10,428 )
                 
Total Stockholders’ Equity
    23,967       39,572  
                 
Total Liabilities and Stockholders’ Equity
  $ 32,473     $ 41,078  
 
The accompanying notes are an integral part of these unaudited financial statements
 
 
F-1

 
 
Priced In Corp
(A Development Stage Company)
Statement of Expenses
(Unaudited)

   
Three Months
Ended
March 31,
2013
   
Three Months
Ended
March 31,
2012
   
Six Months
Ended
March 31,
2013
   
Six Months
Ended
March 31,
2012
   
Period from
November 23,
2010
(Date of Inception)
to March 31,
2013
 
                               
Expenses
                             
                               
General and administrative
  $ 13,233     $ 47     $ 15,605     $ 94     $ 26,033  
                                      ,  
Total Operating Expenses
    13,233       47       15,605       94       26,033  
                                         
Net Loss
  $ (13,233 )   $ (47 )   $ (15,605 )   $ (94 )   $ (26,033 )
                                         
Net Loss Per Share – Basic and Diluted
  $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.00 )        
                                         
Weighted Average Shares Outstanding
    5,000,000       4,322,404       5,000,000       3,120,219          
 
The accompanying notes are an integral part of these unaudited financial statements
 
 
F-2

 
 
Priced In Corp
(A Development Stage Company)
Statement of Cash Flows
(Unaudited)
 
   
Six Months
Ended
March 31,
2013
   
Six Months
Ended
March 31,
2012
   
Period from
November 23, 2010
(Date of Inception)
to March 31,
2013
 
                   
Operating Activities
                 
                   
Net loss for the period
  $ (15,605 )   $ (94 )   $ (26,033 )
                         
Adjustments to reconcile net loss to net cash used in operating activities:
                       
                         
Changes in operating assets and liabilities:
                       
       Accounts payable and accrued expenses
    7,000       -       8,500  
                         
Net cash used in operating activities
    (8,605 )     (94 )     (17,533 )
                         
Financing Activities
                       
                         
Proceeds from issuance of common stock
    -       50,000       50,000  
Advances from related parties
    -       -       790  
Payments on advances to related parties
    -       (510 )     (784 )
                         
Net Cash Provided by Financing Activities
    -       49,490       50,006  
                         
Net Increase in Cash
    (8,605 )     49,396       32,473  
                         
Cash, Beginning of Period
    41,078       -        
                         
Cash, End of Period
    32,473       49,396       32,473  
                         
Supplemental Disclosures
                       
                         
Interest paid
  $ -     $ -     $  
Income taxes paid
    -       -        
 
The accompanying notes are an integral part of these unaudited financial statements
 
 
F-3

 
 
Priced In Corp-
A Development Stage Company
Notes to the Financial Statements

1.     Nature of Business and Basis of Presentation
 
Priced In Corp. (the “Company”) was incorporated in the state of Nevada on November 23, 2010.  The Company has been in the development stage since its formation and has not commenced business operations.
 
The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form S/1. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form S/1, have been omitted
 
2.     Going Concern

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended March 31, 2013, the Company has an accumulated deficit of $26,033. The Company is in the business of developing a website that will aggregates group buying offers from Groupon, Social Living and other sites.  The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
 
3.     Related Party Transactions

 
a)
As at March 31, 2013, the Company was indebted to the former President of the Company in the amount of $6, which is non-interest bearing, unsecured, and due on demand.
 
4.     Common Stock
 
 
a)
On November 24, 2011, the Company issued 4,000,000 common shares at $0.01 per share for proceeds of $40,000.
 
 
b)
On February 1, 2012, the Company issued 1,000,000 common shares at $0.01 per share for proceeds of $10,000.
 
 
F-4

 
 
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
 
The following discussion of our financial condition and results of operations should also be read in conjunction with our unaudited financial statements and the notes to those financial statements appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in the prospectus filed with the Securities and Exchange Commission on April 9, 2013. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report.
 
Overview

Priced In Corp. (“we,” “us,” “our” or the “Company”) was incorporated in the state of Nevada on November 23, 2010.  We have been in the development stage since our formation and have not commenced business operations.

We plan to operate a website that aggregates group buying deals and allows users to view and link to available group buying deals in their area.  We own the URL pricedin.com, which is not yet operational. Visitors to the website we plan to develop will be able to view group buying deals sorted by a number of categories including: city, deal category, deal name and price. We plan to generate revenue by referral commissions earned when users of our website link to the providers of the group buying deals and ultimately purchase a deal.
 
We qualify as an “emerging growth company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);

submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;” and

disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We will remain an “emerging growth company” for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.

We also qualify as a smaller reporting company under Rule 12b-2 of the Securities Exchange Act of 1934, as amended. Moreover, as a smaller reporting company and so long as we remain a smaller reporting company, we benefit from similar exemptions and exclusions as an emerging growth company. In the event that we cease to be an emerging growth company as a result of a lapse of the five year period, but continue to be a smaller reporting company, we would continue to be subject to similar exemptions available to emerging growth company until such time as we were no longer a smaller reporting company.
 
Plan of Operation

Over the 12 month period from the completion of our offering, if we have raised enough funds, we intend to design, launch and market our website. Management believes that selling 25% of the proposed offering should constitute sufficient funds to set this aspect of the business plan in motion. We intend to use all the proceeds from the offering over the 12 month period after completion thereof. The following table sets forth the uses of proceeds assuming the sale of 25%, 50%, 75% and 100%, respectively, of the securities offered for sale by the Company, after deducting the expenses of the preparation of this prospectus and the filing of this registration statement, estimated at approximately $29,000 being paid for by the Company.
 
 
2

 
 
 
Offered Shares Sold
Offering Proceeds
 
Principle Use of Proceeds
     
 
5,000,000 Shares
(25%)
$
50,000
 
Legal, Accounting, transfer agent
Employees and Operating Expenses
Servers and  Website Hosting
Website Development and Testing
Marketing
Administrative Expenses
$
$
$
$
$
$
5,000
0
500
10,000
4,500
1,000
 
                 
 
10,000,000 Shares
(50%)
$
100,000
 
Legal, Accounting, transfer agent
Employees and Operating Expenses
Servers and  Website Hosting
Website Development and Testing
Marketing
Administrative Expenses
$
$
$
$
$
$
5,000
2,000
3,000
26,000
32,000
3,000
 
                 
 
15,000,000 Shares
(75%)
$
150,000
 
Legal, Accounting, transfer agent
Employees and Operating Expenses
Servers and  Website Hosting
Website Development and Testing
Marketing
Administrative Expenses
$
$
$
$
$
$
5,000
12,000
4,000
40,000
56,000
4,000
 
                 
 
20,000,000 Shares (maximum)
$
200,000
 
Legal, Accounting, transfer agent
Employees and Operating Expenses
Servers and  Website Hosting
Website Development and Testing
Marketing
Administrative Expenses
$
$
$
$
$
$
5,000
22,000
5,000
55,000
79,000
5,000
 
 
Within 90 days of the completion of our offering, the Company intends to begin its hiring of website developers. We then plan to develop a specification list for features of the website.
 
We intend to solicit bids through various Internet websites for the development of the website and back end software.  We intend to review the various bids we expect to receive and select a developer within 90 days of completing this offering.
  
We do not know whether the software developer we ultimately select will also offer front end graphic design services for the web interface or if we will choose to use the same firm to develop both aspects of the software. These aspects require different types of expertise.  We may need to hire a separate web development and graphics design firm to complete the look and feel of the web interface.  During the course of the software’s development we will strive to optimize the site for registration in the search engines.
  
Based on our initial research, we believe development of the website and software to take between 4 – 6 months. During the development of the software, we will plan our marketing strategy.  If we sell 50% of the proposed offering, we will likely hire a part-time software development manager to maintain and develop our website.  If we sell 75% of the proposed offering, we will likely hire a part-time website manager and a part-time strategic relations manager to manage relations with various group buy websites with whom our back end will interface as well as any advertising relationships we develop.  If we sell the entire proposed offering, we will likely hire a full-time website development manager and a full-time strategic relations manager.
 
We plan to spend the remainder of the 12 months after this offering focused on marketing our website. We will register our website in a large number of search engines, using various SEO techniques, and also purchase AdWords on Google.
 
If we are unable to complete any phase of our website development or marketing efforts because we do not have enough resources, we believe that we will have to cease our development and or marketing operations until we raise money. Attempting to raise capital after failing in any phase of our software development plan would be difficult. As such, if we cannot secure additional proceeds we may have to cease marketing our website which may negatively affect investors’ investment.
 
Results of Operations
 
We did not have any revenues from November 23, 2010 (inception) through March 31, 2013.  Our expenses from November 23, 2010 (inception) through March 31, 2013 were $26,033.
 
 
3

 
 
Capital Resources and Liquidity

As of March 31, 2013 we had $32,473 in cash. 
 
Management may decide, based on market conditions, to seek future private placements if management believes such private placements are in the best interests of the Company. We believe we will be able to generate referral revenue within one hundred and twenty (120) days of the launch of our website.
 
We estimate that we will be able to use the currently available capital resource to develop a first version of our planned website and fund our planned operations, including public company reporting costs, for the next twelve months, after which if we do not generate sufficient revenue to support our planned operations, we will need to obtain additional financing. We are not certain that we will be able to obtain additional financing on favorable terms, if at all. If we need additional capital and cannot raise it on acceptable terms, we will have to cease our operations.
 
We are highly dependent upon the success of the public offering described herein.
 
We do not anticipate researching any further products or services nor the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees other than those noted above.

Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While we believe in the viability of its strategy to increase revenues, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and being generating revenues.
 
We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern.

Off-Balance Sheet Arrangements

The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.
 
 
4

 
 
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
 
Not applicable because we are a smaller reporting company.
 
Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures are effective as of March 31, 2013 to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure. 

Changes in Internal Control over Financial Reporting

No change in our system of internal control over financial reporting occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
 
5

 
 
PART II - OTHER INFORMATION
 
Item 1. Legal Proceedings.

None.

Item 1A. Risk Factors.
 
Not applicable because we are a smaller reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
 
None.

Item 3. Defaults Upon Senior Securities.

None.
 
Item 4. Mine Safety Disclosures.

Not applicable.
 
Item 5. Other Information.
 
None.
 
Item 6. Exhibits.
 
Exhibit No.
 
Description
     
31.1
 
Certification of Chief Executive Officer and Chief Financial Officer Required by Rule 13a-14(a) (17 CFR 240.13a-14(a)) *
32.1
 
Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 **
101.INS
 
XBRL Instance Document †
101.SCH
 
XBRL Taxonomy Extension Schema Document †
101.CAL
 
XBRL Taxonomy Extension Calculation Linkbase Document †
101.DEF
 
XBRL Taxonomy Extension Definition Linkbase Document †
101.LAB
 
XBRL Taxonomy Extension Label Linkbase Document †
101.PRE
 
XBRL Taxonomy Extension Presentation Linkbase Document †
     
*
 
Filed herewith.
**
 
In accordance with SEC Release 33-8238, Exhibits 32.1 is furnished and not filed.
 
Furnished herewith. XBRL (eXtensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.
 
 
6

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
   
 
Priced In Corp.
 
       
Date: February 10, 2014
By:
/s/ Ken-Muen Le
 
   
Ken-Muen Le
Chief Executive Officer, Chief Financial Officer and Director
(Principal Executive Officer and Principal Financial Officer)
 
 
 
7

 
EX-31.1 2 f10q0313ex31i_pricedin.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER REQUIRED BY RULE 13A-14(A) (17 CFR 240.13A-14(A)) * f10q0313ex31i_pricedin.htm
Exhibit 31.1
 
Certification of Chief Executive Officer and Chief Financial Officer
Required by Rule 13a-14(a) (17 CFR 240.13a-14(a))

I, Ken-Muen Le, certify that:

1.
I have reviewed this Form 10-Q/a of Priced In Corp.;
     
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods present in this report;
     
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:
     
 
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
 
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
 
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
 
(d)
 Disclosed in this report any change in the registrant’s internal control over financing reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
     
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     
 
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
 
(b)
Any fraud, whether or not material, that involved management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
/s/ Ken-Muen Le    
Ken-Muen Le
Chief Executive Officer, Chief Financial Officer and Director
(Principal Executive Officer and Principal Financial Officer)
   
 
Date: February 10, 2014
   
 
EX-32.1 3 f10q0313ex32i_pricedin.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 ** f10q0313ex32i_pricedin.htm
Exhibit 32.1
 
Certification Pursuant To
18 U.S.C. Section 1350
As Adopted Pursuant To
Section 906 of the Sarbanes-Oxley Act of 2002

      In connection with the amended Quarterly Report of Priced In Corp. (the “Company”) on Form 10-Q/A for the period ended March 31, 2013 as filed with the Securities and Exchange Commission (the “Report”), I, Ken-Muen Le, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
/s/ Ken-Muen Le    
Ken-Muen Le
   
Chief Executive Officer, Chief Financial Officer and Director
(Principal Executive Officer and Principal Financial Officer)
   
 
Date: February 10, 2014
   

A signed original of this written statement required by Section 906 has been provided to Priced In Corp. and will be retained by Priced In Corp.and furnished to the Securities and Exchange Commission or its staff upon request.
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In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form S/1, have been omitted</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2.&#160;&#160;&#160;&#160;&#160;Going Concern</font></div><div style="text-indent: 0pt; display: block;">&#160;</div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended March 31, 2013, the Company has an accumulated deficit of $26,033. The Company is in the business of developing a website that will aggregates group buying offers from Groupon, Social Living and other sites.&#160;&#160;The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company&#8217;s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">3</font>.&#160;&#160;&#160;&#160;&#160;Related Party Transactions</font></div><div style="text-indent: 0pt; display: block;">&#160;</div><div><table align="center" style="width: 100%; font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td style="width: 18pt;"><div><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">a)</font></div></td><td><div align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;">As at March 31, 2013, the Company was indebted to the former President of the Company in the amount of $6, which is non-interest bearing, unsecured, and due on demand.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">4.&#160;&#160;&#160;&#160; Common Stock</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table align="center" style="width: 100%; font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td style="width: 18pt;"><div><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">a)</font></div></td><td><div align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On November 24, 2011, the Company issued 4,000,000 common shares at $0.01 per share for proceeds of $40,000.</font></div></td></tr></table></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div><div><table align="center" style="width: 100%; font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td style="width: 18pt;"><div><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160; </font></div></td><td style="width: 18pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">b)</font></div></td><td><div align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On February 1, 2012, the Company issued 1,000,000 common shares at $0.01 per share for proceeds of $10,000.</font></div></td></tr></table></div> 4000000 1000000 40000 10000 0.01 0.01 EX-101.SCH 5 pric-20130331.xsd 001 - 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Common Stock
6 Months Ended
Mar. 31, 2013
Common Stock [Abstract]  
Common Stock
4.     Common Stock
 
 
a)
On November 24, 2011, the Company issued 4,000,000 common shares at $0.01 per share for proceeds of $40,000.
 
 
b)
On February 1, 2012, the Company issued 1,000,000 common shares at $0.01 per share for proceeds of $10,000.
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Related Party Transactions
6 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions
3.     Related Party Transactions
 
 
a)
As at March 31, 2013, the Company was indebted to the former President of the Company in the amount of $6, which is non-interest bearing, unsecured, and due on demand.
XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (Unaudited) (USD $)
Mar. 31, 2013
Sep. 30, 2012
Current Assets    
Cash $ 32,473 $ 41,078
Total Current Assets 32,473 41,078
Current Liabilities    
Accounts payable and accrued liabilities 8,500 1,500
Due to related parties 6 6
Total Current Liabilities 8,506 1,506
Stockholders' Equity    
Common stock Authorized: 75,000,000 shares, par value $0.001 5,000,000 share issued and outstanding 5,000 5,000
Additional paid-in capital 45,000 45,000
Deficit accumulated during the development stage (26,033) (10,428)
Total Stockholders' Equity 23,967 39,572
Total Liabilities and Stockholders' Equity $ 32,473 $ 41,078
XML 15 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Nature of Business and Basis of Presentation
6 Months Ended
Mar. 31, 2013
Nature Of Business and Basis Of Presentation [Abstract]  
Nature of Business and Basis of Presentation
1.     Nature of Business and Basis of Presentation
 
Priced In Corp. (the “Company”) was incorporated in the state of Nevada on November 23, 2010.  The Company has been in the development stage since its formation and has not commenced business operations.
 
The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form S/1. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form S/1, have been omitted
XML 16 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 17 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern
6 Months Ended
Mar. 31, 2013
Going Concern [Abstract]  
Going Concern
2.     Going Concern
 
These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period ended March 31, 2013, the Company has an accumulated deficit of $26,033. The Company is in the business of developing a website that will aggregates group buying offers from Groupon, Social Living and other sites.  The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
XML 18 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets( Parenthetical) (Unaudited) (USD $)
Mar. 31, 2013
Sep. 30, 2012
Balance Sheets [Abstract]    
Common stock, shares authorized 75,000,000 75,000,000
common stock, par value $ 0.001 $ 0.001
Common stock, shares issued 5,000,000 5,000,000
Common stock, shares outstanding 5,000,000 5,000,000
XML 19 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
6 Months Ended
Mar. 31, 2013
May 15, 2013
Document and Entity Information [Abstract]    
Entity Registrant Name Priced In Corp.  
Entity Central Index Key 0001561880  
Amendment Flag false  
Current Fiscal Year End Date --09-30  
Document Type 10-Q  
Document Period End Date Mar. 31, 2013  
Document Fiscal Year Focus 2013  
Document Fiscal Period Focus Q2  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   5,000,000
XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Expenses (Unaudited) (USD $)
3 Months Ended 6 Months Ended 28 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Expenses          
General and administrative $ 13,233 $ 47 $ 15,605 $ 94 $ 26,033
Total Operating Expenses 13,233 47 15,605 94 26,033
Net Loss $ (13,233) $ (47) $ (15,605) $ (94) $ (26,033)
Net Loss Per Share - Basic and Diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00  
Weighted Average Shares Outstanding 5,000,000 4,322,404 5,000,000 3,120,219  
XML 21 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock (Details) (USD $)
0 Months Ended
Feb. 01, 2012
Nov. 24, 2011
Common Stock (Textual)    
Proceeds from issuance of common shares (Shares) 1,000,000 4,000,000
Proceeds from issuance of common shares $ 10,000 $ 40,000
Common stock value, per share $ 0.01 $ 0.01
XML 22 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions (Details) (USD $)
Mar. 31, 2013
Sep. 30, 2012
Related Party Transactions (Textual)    
Due to related parties $ 6 $ 6
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Statement of Cash Flows (Unaudited) (USD $)
6 Months Ended 28 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Operating Activities      
Net loss for the period $ (15,605) $ (94) $ (26,033)
Changes in operating assets and liabilities:      
Accounts payable and accrued expenses 7,000    8,500
Net cash used in operating activities (8,605) (94) (17,533)
Financing Activities      
Proceeds from issuance of common stock    50,000 50,000
Advances from related parties       790
Payments on advances to related parties    (510) (784)
Net Cash Provided by Financing Activities    49,490 50,006
Net Increase in Cash (8,605) 49,396 32,473
Cash, Beginning of Period 41,078      
Cash, End of Period 32,473 49,396 32,473
Supplemental Disclosures      
Interest paid         
Income taxes paid         
XML 25 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern (Details) (USD $)
3 Months Ended 6 Months Ended 28 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Going Concern (Textual)          
Net loss for the period $ (13,233) $ (47) $ (15,605) $ (94) $ (26,033)
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