U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
Mark One
[ X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 31, 2014
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to _______
Commission File No. No. 333-188358
ANYTRANSLATION CORP.
(Exact name of registrant as specified in its charter)
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| Nevada (State or Other Jurisdiction of Incorporation or Organization) | 7380 (Primary Standard Industrial Classification Number) | 98-1060941 (IRS Employer Identification Number) |
2620 S. Maryland Parkway #14-857
Las Vegas, NV
89109
(702) 997-2269
(Address and telephone number of principal executive offices)
Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No[ ]
Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]
Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [ X ]
Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A
Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes[ X ] No[ ]
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Applicable Only to Corporate Registrants
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date: As of December 15, 2014, there were 6,079,000 shares of Common Stock issued and outstanding.
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| PART 1 | FINANCIAL INFORMATION |
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| Item 1 | Financial Statements (Unaudited) |
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| Balance Sheets as of October 31, 2014 and January 31, 2014 | 4 |
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| Statements of Operations for the three and nine months ended October 31, 2014 and 2013 and the period from July 5, 2012 (Inception) to October 31, 2014 | 5 |
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| Statements of Cash Flows for the nine months ended October 31, 2014 and 2013 and the period from July 5, 2012 (Inception) to October 31, 2014 | 6 |
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| Notes to Financial Statements | 7 |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 9 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 12 |
| Item 4. | Controls and Procedures | 13 |
| PART II. | OTHER INFORMATION |
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| Item 1 | Legal Proceedings | 13 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 13 |
| Item 3 | Defaults Upon Senior Securities | 13 |
| Item 4 | Removed and Reserved | 12 |
| Item 5 | Other Information | 14 |
| Item 6 | Exhibits | 14 |
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| Signatures |
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ANYTRANSLATION CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
AS OF OCTOBER 31, 2014 AND JANUARY 31, 2014
(UNAUDITED)
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| ASSETS | October 31, 2014 | January 31, 2014 |
| Current Assets |
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| Cash and cash equivalents | $ 298 | $ 20,009 |
| Total current assets | 298 | 20,009 |
| Total Assets | $ 298 | $ 20,009 |
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| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) |
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| Liabilities |
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| Current Liabilities |
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| Advances from director | $14,678 | $ 5,678 |
| Accounts payable | 1,800 | - |
| Total current liabilities | 16,478 | 5,678 |
| Total Liabilities | 16,478 | 5,678 |
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| Stockholders’ Equity (Deficit) |
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| Common stock, par value $0.001; 75,000,000 shares authorized, 6,079,000 shares issued and outstanding | 6,079 | 6,079 |
| Additional paid in capital | 20,501 | 20,501 |
| Deficit accumulated during the development stage | (42,760) | (12,249) |
| Total Stockholders’ Equity (Deficit) | (16,180) | 14,331 |
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| Total Liabilities and Stockholders’ Equity (Deficit) | $ 298 | $ 20,009 |
The accompanying notes are an integral part of these financial statements
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ANYTRANSLATION CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
FOR THE THREE AND NINE MONTH PERIODS ENDED OCTOBER 31, 2014 AND 2013
AND THE PERIOD FROM JULY 5, 2012 (INCEPTION) TO OCTOBER 31, 2014
(UNAUDITED)
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| Three months ended October 31, 2014 |
| Three months ended October 31, 2013 |
| Nine months Ended October 31, 2014 |
| Nine months Ended October 31, 2013 |
| For the period from July 5, 2012 (Inception) to October 31, 2014 | |||||||||
| REVENUES | $ | - | $ | - | $ | - | $ | 3,990 | $ | 3,990 | |||||||||
| OPERATING EXPENSES |
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| General and administrative expenses |
| 2,408 |
| 3,713 |
| 30,511 |
| 11,983 |
| 46,750 | |||||||||
| TOTAL OPERATING EXPENSES |
| 2,408 |
| 3,713 |
| 30,511 |
| 11,983 |
| 46,750 | |||||||||
| NET LOSS | $ | (2,408) | $ | (3,713) | $ | (30,511) | $ | (7,993) | $ | (42,760) | |||||||||
| NET LOSS PER SHARE: BASIC AND DILUTED | $ | (0.00) | $ | (0.00) | $ | (0.01) | $ | (0.00) |
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| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED |
| 6,079,000 |
| 5,000,000 |
| 6,079,000 |
| 5,000,000 |
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The accompanying notes are an integral part of these financial statements
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ANYTRANSLATION CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTH PERIODS ENDED OCTOBER 31, 2014 AND 2013
AND THE PERIOD FROM JULY 5, 2012 (INCEPTION) TO OCTOBER 31, 2014
(UNAUDITED)
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| Nine months ended October 31, 2014 |
| Nine months ended October 31, 2013 |
| For the period from July 5, 2012 (Inception) to October 31, 2014 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
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| Net loss | $ | (30,511) | $ | (7,993) | $ | (42,760) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
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| Changes in assets and liabilities |
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| Accounts payable |
| 1,800 |
| 1,825 |
| 1,800 |
| CASH FLOW USED IN OPERATING ACTIVITIES |
| (28,711) |
| (6,168) |
| (40,960) |
| CASH FLOW FROM FINANCING ACTIVITIES |
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| Proceeds from sale of common stock |
| - |
| - |
| 26,580 |
| Proceeds from director advances |
| 9,000 |
| 5,000 |
| 14,678 |
| CASH FLOWS PROVIDED BY FINANCING ACTIVITIES |
| 9,000 |
| 5,000 |
| 41,258 |
| NET CHANGE IN CASH |
| (19,711) |
| (1,168) |
| 298 |
| Cash, beginning of period |
| 20,009 |
| 2,879 |
| - |
| Cash, end of period | $ | 298 | $ | 1,711 | $ | 298 |
| SUPPLEMENTAL CASH FLOW INFORMATION: |
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| Interest paid | $ | - | $ | - | $ | - |
| Income taxes paid | $ | - | $ | - | $ | - |
The accompanying notes are an integral part of these financial statements
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ANYTRANSLATION CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
OCTOBER 31, 2014
(Unaudited)
NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
AnyTranslation Corp. (the “Company”) was incorporated under the laws of the State of Nevada on July 5, 2012. We are in the business of translation and interpretation. The Company will undertake translation and interpretation projects for various fields from business, economics, to science issues. All operating projects are customer tailored with freelancers that operate in their mother-tongue.
NOTE 2 – BASIS OF PRESENTATION AND GOING CONCERN
BASIS OF ACCOUNTING
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 and regulations of the Securities and Exchange Commission (the "SEC") for interim financial reporting. Accordingly, these financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of October 31, 2014 and for all interim periods presented herein have been reflected in these financial statements and the notes there to. Interim results for the nine months ended October 31, 2014 are not necessarily indicative of the results to be expected for the fiscal year as a whole. These financial statements should be read in conjunction with the audited financial statements and accompanying notes as included in the Form 10-K for the year ended January 31, 2014.
GOING CONCERN
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since Inception (July 5, 2012) resulting in an accumulated deficit of $42,760 as of October 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and, or, private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Recent Accounting Pronouncements
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.
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ANYTRANSLATION CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
OCTOBER 31, 2014
(Unaudited)
NOTE 3 – ADVANCES FROM DIRECTOR
On July 5, 2012, the Company’s sole director loaned $678 to incorporate the Company. On July 5, 2013 the director advanced an additional $2,500 to the Company for operating expenses.
During the nine months ended October 31, 2014, the Company’s sole director loaned an additional $9,000 to the Company for operating expenses. The balance due to the director was $14,678 and $5,678 as of October 31, 2014 and January 31, 2014, respectively. The advances are unsecured, payable on demand and non-interest bearing.
NOTE 4 – CAPITAL STOCK
The Company has 75,000,000, $0.001 par value shares of common stock authorized.
On July 16, 2012, the Company issued 5,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share.
The Company sold 1,079,000 shares of common stock during the year ended January 31, 2014 at $0.02 per share for total cash proceeds of $21,580.
There were 6,079,000 shares of common stock issued and outstanding as of October 31, 2014 and January 31, 2014.
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FORWARD LOOKING STATEMENTS
Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
GENERAL
The objective of this corporation is to provide a translation and/or interpretation service to anyone, anywhere. To do so, our business model will consist of employing freelancers instead of regular office employees. These freelancers will be working from their own homes, in their own countries.
Other than translation and interpretation, we will be performing a localization service. This involves a comprehensive study of the target culture in order to correctly adapt the product to local needs. The localization process is most generally related to the cultural adaptation and translation of software, video games and websites, and less frequently to any written translation.
Finally, the last service that will be available at AnyTranslation will be proofreading. It may also be seen as the most important one since the freelancers are humans, and mistakes could be made. It is the proofreaders’ job to find these mistakes and show them to the translator to correct them before handing the job to the client.
Finally, once all the operations are in place and the company starts profiting from the services, we will need to obtain office space and hire project managers to send the received work to the right person. The project managers will have to assess the needed time for our freelancers to achieve the job and deliver it to the client.
Results of Operations
Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.
We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.
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Nine Month Period Ended October 31, 2014 Compared to Nine Month Period Ended October 31, 2013.
Our net loss for the nine month period ended October 31, 2014 was $30,511 compared to a net loss of $7,993 for the nine month period ended October 31, 2013. During the nine-month period ended October 31, 2014 we have not generated any revenue while in the nine-month period ended October 31, 2013 we have generated $3,990 of revenue.
During the nine month period ended October 31, 2014, we incurred general and administrative expenses $30,511 compared to $11,983 incurred for the nine month period ended October 31, 2013. General and administrative fee expenses incurred during the nine month periods ended October 31, 2014 and 2013 were generally related to corporate overhead, financial and administrative contracted services.
The weighted average number of shares outstanding was 6,079,000 and 5,000,000 for the nine month period ended October 31, 2014 and 2013, respectively.
Three Month Period Ended October 31, 2014 Compared to Three Month Period Ended July 31, 2013
Our net loss for the three month period ended October 31, 2014 was $2,408 compared to a net loss of $3,713 for the three month period ended October 31, 2013. During the three-month periods ended October 31, 2014 and 2013, we have not generated any revenue.
During the three month period ended October 31, 2014, we incurred general and administrative expenses $2,408 compared to $3,713 incurred for the three month period ended October 31, 2013. General and administrative fee expenses incurred during the three month periods ended October 31, 2014 and 2013 were generally related to corporate overhead, financial and administrative contracted services.
The weighted average number of shares outstanding was 6,079,000 and 5,000,000 for the nine month period ended October 31, 2014 and 2013, respectively.
Liquidity and Capital Resources
Nine Month Period Ended October 31, 2014
As of October 31, 2014, our total assets were $298 compared to $20,009 in total assets at January 31, 2014. Total assets were comprised of $298 in cash. As of October 31, 2014, our current liabilities were $16,478. Stockholders’ deficit was $16,180 as of October 31, 2014 compared to stockholders' equity of $14,331 as of January 31, 2014.
Cash Flows from Operating Activities
We have not generated positive cash flows from operating activities. For the nine month period ended October 31, 2014, net cash flows used in operating activities was $28,711. Net cash flows used in operating activities was $6,168 for the nine month period ended October 31, 2013.
Cash Flows from Investing Activities
For the nine month period ended October 31, 2014 and 2013, the Company has not generated any cash flows from investing activities.
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Cash Flows from Financing Activities
We have financed our operations primarily from either advancements or the issuance of equity. For the nine months ended October 31, 2014 and 2013, net cash provided by financing activities was 9,000 and $5,000, respectively. For the period from inception (July 5, 2012) to October 31, 2014, cash provided by financing activities consisted of $26,580 received from proceeds from issuance of common stock and $14,678 from advances from a director.
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Plan of Operation and Funding
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of operating equipment; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.
Off-Balance Sheet Arrangements
As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
Going Concern
The independent auditors' review report accompanying our January 31, 2014 audited financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
No report required.
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ITEM 4. CONTROLS AND PROCEDURES
Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2014. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine-month period ended October 31, 2014 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
No report required.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
No report required.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No report required.
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ITEM 5. OTHER INFORMATION
ITEM 6. EXHIBITS
Exhibits:
31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| Signature |
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| /s/ Andrei Catalin Ispas |
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| Andrei Catalin Ispas |
| President, Treasurer, Secretary and Director |
| December 15, 2014 |
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302 CERTIFICATION
I, Andrei Catalin Ispas, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Anytranslation 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 presented in this report;
4. I am 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 13a-15(f) and 15d-15(f)) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures, to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: December 15, 2014
/s/Andrei Catalin Ispas
Andrei Catalin Ispas
Chief Executive Officer
Chief Financial Officer
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
The undersigned officer of Anytranslation Corp. (the "Company"), hereby certifies, to such officer's knowledge, that the Company's Quarterly Report on Form 10-Q for the quarter ended October 31, 2014 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/s/Andrei Catalin Ispas
Andrei Catalin Ispas
Chief Executive Officer
Chief Financial Officer
December 15, 2014
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Note 4 - Capital Stock
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9 Months Ended |
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Oct. 31, 2014
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| Notes | |
| Note 4 - Capital Stock | NOTE 4 – CAPITAL STOCK
The Company has 75,000,000, $0.001 par value shares of common stock authorized.
On July 16, 2012, the Company issued 5,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share.
The Company sold 1,079,000 shares of common stock during the year ended January 31, 2014 at $0.02 per share for total cash proceeds of $21,580.
There were 6,079,000 shares of common stock issued and outstanding as of October 31, 2014 and January 31, 2014. |
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Note 2 - Basis of Presentation and Going Concern
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9 Months Ended |
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Oct. 31, 2014
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| Notes | |
| Note 2 - Basis of Presentation and Going Concern | NOTE 2 – BASIS OF PRESENTATION AND GOING CONCERN
BASIS OF ACCOUNTING
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 and regulations of the Securities and Exchange Commission (the "SEC") for interim financial reporting. Accordingly, these financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of October 31, 2014 and for all interim periods presented herein have been reflected in these financial statements and the notes there to. Interim results for the nine months ended October 31, 2014 are not necessarily indicative of the results to be expected for the fiscal year as a whole. These financial statements should be read in conjunction with the audited financial statements and accompanying notes as included in the Form 10-K for the year ended January 31, 2014.
GOING CONCERN
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since Inception (July 5, 2012) resulting in an accumulated deficit of $42,760 as of October 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and, or, private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. |
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Note 3 - Advances From Director
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9 Months Ended |
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Oct. 31, 2014
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| Notes | |
| Note 3 - Advances From Director | NOTE 3 – ADVANCES FROM DIRECTOR On July 5, 2012, the Company’s sole director loaned $678 to incorporate the Company. On July 5, 2013 the director advanced an additional $2,500 to the Company for operating expenses.
During the nine months ended October 31, 2014, the Company’s sole director loaned an additional $9,000 to the Company for operating expenses. The balance due to the director was $14,678 and $5,678 as of October 31, 2014 and January 31, 2014, respectively. The advances are unsecured, payable on demand and non-interest bearing.
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Unaudited Statement of Operations (USD $)
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3 Months Ended | 9 Months Ended | 28 Months Ended | ||
|---|---|---|---|---|---|
|
Oct. 31, 2014
|
Oct. 31, 2013
|
Oct. 31, 2014
|
Oct. 31, 2013
|
Oct. 31, 2014
|
|
| Revenues | |||||
| Revenues | $ 0 | $ 0 | $ 0 | $ 3,990 | $ 3,990 |
| Operating Expenses | |||||
| Miscellaneous Expense | 0 | ||||
| Selling, General and Administrative Expense | 2,408 | 3,713 | 30,511 | 11,983 | 46,750 |
| Total Operating Expenses | 2,408 | 3,713 | 30,511 | 11,983 | 46,750 |
| Net loss from operations | (2,408) | (3,713) | (30,511) | (17,993) | (42,760) |
| Income Tax Expense (Benefit) | |||||
| Provision for Income Taxes (Benefit) | 0 | 0 | 0 | ||
| Net Income (Loss) | $ (2,408) | $ (3,713) | $ (30,511) | $ (7,993) | $ (42,760) |
| Earnings Per Share | |||||
| Earnings Per Share, Basic and Diluted | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Weighted Average Number of Shares Outstanding, Basic and Diluted | 6,079,000 | 5,000,000 | 6,079,000 | 5,000,000 | 6,079,000 |
|
Document and Entity Information (USD $)
|
9 Months Ended |
|---|---|
|
Oct. 31, 2014
|
|
| Document and Entity Information: | |
| Entity Registrant Name | ANYTRANSLATION CORP |
| Document Type | 10-Q |
| Document Period End Date | Oct. 31, 2014 |
| Amendment Flag | false |
| Entity Central Index Key | 0001571804 |
| Current Fiscal Year End Date | --01-31 |
| Entity Common Stock, Shares Outstanding | 6,079,000 |
| Entity Public Float | $ 60,790 |
| Entity Filer Category | Smaller Reporting Company |
| Entity Current Reporting Status | No |
| Entity Voluntary Filers | No |
| Entity Well-known Seasoned Issuer | No |
| Document Fiscal Year Focus | 2015 |
| Document Fiscal Period Focus | Q3 |
|
Note 1 - Organization and Nature of Business
|
9 Months Ended |
|---|---|
|
Oct. 31, 2014
|
|
| Notes | |
| Note 1 - Organization and Nature of Business | NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS
AnyTranslation Corp. (the “Company”) was incorporated under the laws of the State of Nevada on July 5, 2012. We are in the business of translation and interpretation. The Company will undertake translation and interpretation projects for various fields from business, economics, to science issues. All operating projects are customer tailored with freelancers that operate in their mother-tongue. |