0001294606-15-000180.txt : 20151116 0001294606-15-000180.hdr.sgml : 20151116 20151116144809 ACCESSION NUMBER: 0001294606-15-000180 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151116 DATE AS OF CHANGE: 20151116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mondovita Corp. CENTRAL INDEX KEY: 0001641521 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-204143 FILM NUMBER: 151233601 BUSINESS ADDRESS: STREET 1: #22 CALLE FELIX NOLASCO CITY: ATLANTICA, PUERTO PLANTA STATE: G8 ZIP: 00000 BUSINESS PHONE: 702-982-5686 MAIL ADDRESS: STREET 1: #22 CALLE FELIX NOLASCO CITY: ATLANTICA, PUERTO PLANTA STATE: G8 ZIP: 00000 10-Q 1 mondovitacorp-form10qfor0930.htm MONDOVITA CORP. - QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2015 mondovitacorp-form10qfor0930.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES

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

September 30, 2015

 

OR

[ ]

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from

 

to

 

Commission File Number

333-204143

MONDOVITA CORP.

(Exact name of registrant as specified in its charter)

Nevada

 

38-3971039

(State or other jurisdiction of incorporation or organization)

 

(IRS Employer Identification No.)

#22 Calle Felix Nolasco, Atlantica, Puerto Planta, Dominican Republic

 

(Address of principal executive offices)

(Zip Code)

(829) 639-9334

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

[X]

YES

[ ]

NO

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).  

 

[X]

YES

[ ]

NO

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

Large accelerated filer

[ ]

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)

 

[X]

YES

[ ]

NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

13,333,333 common shares issued and outstanding as of November 13, 2015.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 
 

 

 

Table of Contents

PART 1 – FINANCIAL INFORMATION

 

Item 1. Financial Statements

3

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

4

Item 3. Quantitative and Qualitative Disclosures About Market Risks

6

Item 4. Controls and Procedures

6

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

7

Item 1A. Risk Factors

7

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

7

Item 3. Defaults Upon Senior Securities

7

Item 4. Mine Safety Disclosures

7

Item 5. Other Information

7

Item 6. Exhibits 

8

SIGNATURES

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2


 
 

  

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

 

Mondovita Corp.

September 30, 2015

 

Index

 

Balance Sheets (unaudited)

F-1

Statements of Operations (unaudited)

F-2

Statement of Cash Flows (unaudited)

F-3

Notes to the Financial Statements (unaudited)

F-4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3


 
 

MONDOVITA CORP.

BALANCE SHEETS

 

 

 

 

 

September 30,

2015

 

 

March 31,

2015

 

 

(Unaudited)

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

-

$

16,000

 

 

 

 

 

  Total Assets 

$

-

 $

16,000

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

       

       

Current Liabilities

       
         

Accounts payable and accrued liabilities

$

5,541

$

-

         

Total Liabilities

 

5,541

 

-

         

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

Stockholders’ Equity (Deficit)

 

 

 

 

 

 

 

 

 

 

Preferred stock, $0.00001 par value, 100,000,000 shares authorized;

No shares issued and outstanding as of September 30, 2015 and

March 31, 2015, respectively

 

-

 

-

Common stock, $0.00001 par value, 100,000,000 shares authorized;

13,333,333 shares issued and outstanding as of September 30, 2015 and

March 31, 2015, respectively

 

133

 

133

Additional paid-in capital

 

15,867

 

15,867

Accumulated deficit

 

(21,541)

 

-

 

 

 

 

 

 

Total Stockholders’ Equity (Deficit)

 

(5,541)

 

16,000

 

 

 

 

 

 

Total Liabilities and Stockholders’ Equity

$

-

$

16,000

 

 

 

 

 

 

 

 (The accompanying notes are an integral part of these unaudited financial statements)
F-1


 
 

 

 

MONDOVITA CORP.

STATEMENT OF OPERATIONS

(Unaudited)

 

 

 

For The
Three Months Ended
September 30, 2015

 

For The
Six Months Ended
September 30, 2015

 

 

 

 

 

Operating Expenses

 

 

 

 

 

General and administrative

$

7,400

 

21,541

 

 

 

 

 

 

Total Operating Expenses

 

7,400

 

21,541

 

 

 

 

 

Net Loss

$

(7,400)

 

(21,541)

 

 

 

 

 

Net Loss Per Common Share - Basic and Diluted

 $

0.00

 

0.00

 

 

 

 

 

Weighted Average Common Shares Outstanding -

Basic and Diluted

 

13,333,333

 

13,333,333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(The accompanying notes are an integral part of these unaudited financial statements)
F-2


 
 

 

 

MONDOVITA CORP.

STATEMENT OF CASH FLOW

(Unaudited)

 

 

For The
Six Months Ended
September 30,

 

2015

 

 

 

Cash Flows from Operating Activities

 

 

 

Net loss

$

(21,541)

 

Adjustments to reconcile net loss to net cash used

 

 

 

in operating activities:

Changes in operating assets and liabilities:

 

 

 

 Accounts payable

 

5,541

Cash used in operating activities

 

(16,000)

 

 

 

 

Net change in cash

 

(16,000)

 

 

 

Cash and cash equivalents, beginning of period

 

16,000

 

 

 

Cash and cash equivalents, end of period

$

-

 

 

 

Supplementary Cash Flows Information

 

 

 

Interest paid

$

-

 

Income taxes paid

$

-

 

 

 

 

 

 

 

 

 

 

 

(The accompanying notes are an integral part of these unaudited financial statements)
F-3


 
 

MONDOVITA CORP.

Notes to the Financial Statements

Unaudited

 

NOTE 1.           NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS

 

MONDOVITA CORP. (“we”, “us”, “our” or the “Company”) was formed on November 24, 2014 in Nevada. The Company is engaged in the business of procuring and negotiating employment and endorsement contracts for top talented athletes. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, and cash flows for such periods. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016.These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Registration Statement on Form S-1 for the year ended March 31, 2015.

 

 NOTE 2.         GOING CONCERN  

 

These financial statements have been prepared on a going concern basis which assumes the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of September 30, 2015, the Company has not yet generated revenue from operations, and will require additional funds to maintain our operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through continued financial support from its shareholders and private placements of common stock. 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.

 

NOTE 3.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

a)      Basis of Presentation

 

These financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company’s year-end is March 31.

 

b)      Estimates and Assumptions

 

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. 

 

 

F-4


 

c)      Earnings (Loss) Per Common Share

 

Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At September 30, 2015, the Company has no potentially dilutive securities outstanding.

 

NOTE 4.           STOCKHOLDERS’ EQUITY

 

a)    The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.00001 and 100,000,000 shares of preferred stock with a par value of $0.00001.

 

b)    On March 4, 2015, 13,333,333 shares of common stock were issued to the sole director of the Company at $0.0012 per share for cash proceeds of $16,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F-5


 
 

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


Forward Looking Statements

 

The information set forth in this Management's Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including, among others (i) expected changes in our revenue and profitability, (ii) prospective business opportunities and (iii) our strategy for financing our business. Forward-looking statements are statements other than historical information or statements of current condition. Some forward-looking statements may be identified by use of terms such as “believes”, “anticipates”, “intends” or “expects”. These forward-looking statements relate to our plans, liquidity, ability to complete financing and purchase capital expenditures, growth of our business including entering into future agreements with companies, and plans to successfully develop and obtain approval to market our product. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

 

Although we believe that our expectations with respect to the forward-looking statements are based upon reasonable assumptions within the bounds of our knowledge of our business and operations, in light of the risks and uncertainties inherent in all future projections, the inclusion of forward-looking statements in this Quarterly Report should not be regarded as a representation by us or any other person that our objectives or plans will be achieved.

 

We assume no obligation to update these forward-looking statements to reflect actual results or changes in factors or assumptions affecting forward-looking statements.

 

Our revenues and results of operations could differ materially from those projected in the forward-looking statements as a result of numerous factors, including, but not limited to, the following: the risk of significant natural disaster, the inability of the our company to insure against certain risks, inflationary and deflationary conditions and cycles, currency exchange rates, and changing government regulations domestically and internationally affecting our products and businesses.

 

You should read the following discussion and analysis in conjunction with the Financial Statements and Notes attached hereto, and the other financial data appearing elsewhere in this Quarterly Report.

 

US Dollars are denoted herein by “USD”, "$" and "dollars".

 

Overview

 

Our business plan is to procure and negotiate employment and endorsement contracts for top talent athletes. Being a start-up company, we have no revenues; we have limited operating history and no athletes under contract.

 

We plan to work with clients at all stages of their careers as we help them negotiate contracts, build their personal brand, secure marketing opportunities and support them to excel both in their chosen profession as well as in the community. Our strategic initiative entails building relationships in the Dominican Republic to sign promising athletes in Baseball and Mixed Martial Arts to be their exclusive agency for representation. We plan to derive revenue by way of commissions earned on successfully negotiated employment contracts as well as generate new business/revenue opportunities with clients within their specified sports industry and branding. We will endeavor to become a leading sports management company, representing athletes in mainstream sports internationally.

 

4


 
 

 

Plan of Operation

 

We anticipate that we will meet our ongoing cash requirements through equity or debt financing. We estimate that our expenses over the next 12 months will be approximately $80,000 as described in the table below. These estimates may change significantly depending on the nature of our future business activities and our ability to raise capital from shareholders or other sources.

 

Description

Estimated Completion Date

Estimated Expenses
($)

Offering expenses

Current

$20,000

Legal and accounting fees

12 months

$20,000

General and administrative expenses

12 months

$10,000

Advertising and Marketing expenses

12 months

$10,000

Player Development expenses

12 months

$8,000

Management fees

12 months

$5,000

Salaries and consulting fees

12 months

$5,000

Website development

12 months

$2,000

Total

 

$80,000

 

We intend to meet our cash requirements for the next 12 months through a combination of debt financing and equity financing by way of private placements. We currently do not have any arrangements in place to complete any private placement financings and there is no assurance that we will be successful in completing any such financings on terms that will be acceptable to us.

 

If we are not able to raise the full $80,000 to implement our business plan as anticipated, we will scale our business development in line with available capital. Our primary priority will be to retain our reporting status with the SEC, which means that we will first ensure that we have sufficient capital to cover our legal and accounting expenses. Once these costs are accounted for, in accordance with how much financing we are able to secure, we will focus on the procuring personnel in the Dominican for recruiting athletes and marketing efforts, player development sales and marketing activities and website development. We will likely not expend funds on the remainder of our planned activities unless we have the required capital. 

 

Results of Operations for the Three and Six Months Ended September 30, 2015

 

We have not earned any revenues during the three and six months ended September 30, 2015. We do not expect to achieve revenues until we locate athletes and sign them to contracts.

 

As at September 30, 2015, we have generated $0 in revenues and incurred a net loss of $21,541.

 

Liquidity and Capital Resources

 

As of September 30, 2015, we had total current assets of $0 and total current liabilities of $5,541. We had a working capital deficit of $5,540 as of September 30, 2015.

 

5


 
 

Cash flows used by operating activities during the six month period ended September 30, 2015 amounted to $16,000. Our net loss for the period was the reason for our negative operating cash flow.

 

Cash flows provided by investing activities during the six month period ended September 30, 2015 amounted to $0.

 

Cash flows provided by financing activities during the six month period ended September 30, 2015 amounted to $0.

 

We were incorporated on November 24, 2014. Our operations, to date, have been devoted primarily to startup and development activities. Currently, we have no players under contract. Because of our limited operating history, it is difficult to predict our capital needs on a monthly, quarterly or annual basis. We have raised $16,000 to date, and expect to use those funds along with some of the offering proceeds for the remaining funds on the expenses associated with our offering. As such, we will have no capital available to us if we are unable to raise money from our offering or find alternate forms of financing, which we do not have in place at this time.

 

Going Concern

 

As of September 30, 2015, we have not yet generated revenue from operations, and will require additional funds to maintain our operations. These matters raise substantial doubt about our ability to continue as a going concern. Our financial statements included elsewhere in this report have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate our continuation as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not necessarily purport to represent realizable or settlement values. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.

 

Off-Balance Sheet Arrangements

 

As of September 30, 2015, there were no off balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risks

 

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 4. Controls and Procedures
  

Disclosure Controls and Procedures

 

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of September 30, 2015. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of September 30, 2015, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

 

 

 

 

 

 

6


 
 

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of September 30, 2015, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

 

Remediation Plan to Address the Material Weaknesses in Internal Control over Financial Reporting

Our company plans to take steps to enhance and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending March 31, 2016: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.

 

Changes in Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting during the six months ended September 30, 2015 that have materially affected, or are reasonable likely to materially affect, our internal control over financial reporting. 


PART II - OTHER INFORMATION

Item 1. Legal Proceedings


From time to time, we may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.
We are not aware of any material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors


As a “smaller reporting company”, we are not required to provide the information required by this Item.

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.

 

7


 
 

Item 5. Other Information

None.

Item 6. Exhibits  

Exhibit Number  

Description   

31.1*

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer

32.1*

Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer

101*

Interactive Data File  

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.   

 

 

 

 

 

 

 

 

 

 

 

 

 

8


 
 

 

 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

 

MONDOVITA CORP.

November 16, 2015

 

 

 

BY:

/s/ Elvis Santana

 

 

Elvis Santana, President, Principal Executive Officer, Secretary, Treasurer, Principal Financial Officer, Principal Accounting Officer and sole member of the Board of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9


 

 

 

 

 

 

EX-31 2 exhibit311.htm SOX SECTION 302 CERTIFICATION OF THE CEO & CFO exhibit311.htm - Generated by SEC Publisher for SEC Filing  

Exhibit 31.1

 

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Elvis Santana, certify that:

1.             I have reviewed this quarterly report on Form 10-Q of Mondovita 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.             The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act 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 our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)       Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)       Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)       Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.             The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)       All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)       Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  November 16, 2015

 

/s/ Elvis Santana

Elvis Santana

President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)


 


EX-32 3 exhibit321.htm SOX SECTION 906 CERTIFICATION OF THE CEO & CFO exhibit321.htm - Generated by SEC Publisher for SEC Filing  

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

 

I, Elvis Santana, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)           the Quarterly Report on Form 10-Q of Mondovita Corp. for the period ended September 30, 2015 (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 Mondovita Corp.

 

 

 

 

 

 

 

 

 

 

 

 

 

Dated November 16, 2015

 

/s/ Elvis Santana

 

 

Elvis Santana

 

 

 

President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

 

 

 

Mondovita Corp.

 

 

 

 

 

 

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Mondovita Corp. and will be retained by Mondovita Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 


 

 

 

 

 

 

 

EX-101.INS 4 none-20150930.xml XBRL INSTANCE DOCUMENT 0001641521 2015-03-31 0001641521 2015-09-30 0001641521 2015-07-01 2015-09-30 0001641521 2015-04-01 2015-09-30 0001641521 2015-11-13 0001641521 2015-04-01 2015-06-30 iso4217:USD iso4217:USD xbrli:shares xbrli:shares 16000 16000 5541 5541 133 133 15867 15867 -21541 -5541 16000 16000 0.00001 0.00001 100000000 100000000 0 0 0 0 100000000 100000000 13333333 13333333 13333333 13333333 -7400 -21541 -7400 -21541 7400 21541 0.00 0.00 13333333 13333333 5541 -16000 -16000 0 0 Mondovita Corp. 10-Q --03-31 13333333 false 0001641521 Yes No Smaller Reporting Company No 2016 Q2 2015-09-30 <p style="MARGIN: 0in 0in 0pt"><b><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">NOTE 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS</font></b></p><br/><p style="MARGIN: 0in 0in 0pt; BACKGROUND: white"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">MONDOVITA CORP. (&#x201c;we&#x201d;, &#x201c;us&#x201d;, &#x201c;our&#x201d; or the &#x201c;Company&#x201d;) was formed on November 24, 2014 in Nevada.&nbsp;The Company is engaged in the business of procuring and negotiating employment and endorsement contracts for top talented athletes. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, and cash flows for such periods. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016.These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Registration Statement on Form S-1 for the year ended March 31, 2015.</font></p><br/> <p style="MARGIN: 0in 0in 0pt; BACKGROUND: white"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">&nbsp;</font><b><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">NOTE 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GOING CONCERN&nbsp;&nbsp;</font></b></p><br/><p style="MARGIN: 0in 0in 0pt"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">These financial statements have been prepared on a going concern basis which assumes the Company will continue to realize its assets and discharge its liabilities in the normal course of business.&nbsp;As of September 30, 2015, the Company has not yet generated revenue from operations, and will require additional funds to maintain our operations.&nbsp;These factors raise substantial doubt regarding the Company&#x2019;s ability to continue as a going concern. The Company&#x2019;s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through continued financial support from its shareholders and private placements of common stock. 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></p><br/> <p style="MARGIN: 0in 0in 0pt"><b><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">NOTE 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p><br/><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basis of Presentation</font></p><br/><p style="MARGIN: 0in 0in 0pt 0.5in"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">These financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company&#x2019;s year-end is March 31.</font></p><br/><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Estimates and Assumptions</font></p><br/><p style="MARGIN: 0in 0in 0pt 0.5in"><font style="line-height: normal; font-size: 10.5pt; font-family: times new roman;" lang="EN-US">The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company&#x2019;s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.&nbsp;</font></p><br/><p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font lang="EN-US" style="font-size:11.0pt;line-height:normal; font-family: times new roman;">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Earnings (Loss) Per Common Share </font></p><br/><p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font lang="EN-US" style="font-size:11.0pt;line-height:normal; font-family: times new roman;">Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At September 30, 2015, the Company has no potentially dilutive securities outstanding.</font></p><br/> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font lang="EN-US" style="font-size:11.0pt;line-height:normal; font-family: times new roman;">NOTE 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STOCKHOLDERS&#x2019; EQUITY</font></b></p><br/><p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font lang="EN-US" style="font-size:11.0pt;line-height:normal; font-family: times new roman;">a)&nbsp;&nbsp;&nbsp;&nbsp;The Company&#x2019;s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.00001 and 100,000,000 shares of preferred stock with a par value of $0.00001.</font></p><br/><p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font lang="EN-US" style="font-size:11.0pt;line-height:normal; font-family: times new roman;">b)&nbsp;&nbsp;&nbsp; On March 4, 2015, 13,333,333 shares of common stock were issued to the sole director of the Company at $0.0012 per share for cash proceeds of $16,000. </font></p><br/> EX-101.SCH 5 none-20150930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 001 - Statement - Mondovita Corp. 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NOTE 4. STOCKHOLDERS' EQUITY
3 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 4.           STOCKHOLDERS’ EQUITY


a)    The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.00001 and 100,000,000 shares of preferred stock with a par value of $0.00001.


b)    On March 4, 2015, 13,333,333 shares of common stock were issued to the sole director of the Company at $0.0012 per share for cash proceeds of $16,000.


XML 13 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
6 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block]

NOTE 3.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


a)      Basis of Presentation


These financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars. The Company’s year-end is March 31.


b)      Estimates and Assumptions


The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. 


c)      Earnings (Loss) Per Common Share


Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At September 30, 2015, the Company has no potentially dilutive securities outstanding.


XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Mondovita Corp. BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Current Assets    
Cash and cash equivalents $ 16,000
Total Assets   16,000
Current Liabilities    
Accounts payable and accrued liabilities $ 5,541  
Total Liabilities 5,541  
Stockholders’ Equity (Deficit)    
Common stock, $0.00001 par value, 100,000,000 shares authorized; 13,333,333 shares issued and outstanding as of September 30, 2015 and March 31, 2015, respectively 133 133
Additional paid-in capital 15,867 15,867
Accumulated deficit (21,541)  
Total Stockholders’ Equity (Deficit) $ (5,541) 16,000
Total Liabilities and Stockholders’ Equity   $ 16,000
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
NOTE 1. NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS
6 Months Ended
Sep. 30, 2015
Disclosure Text Block [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 1.           NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS


MONDOVITA CORP. (“we”, “us”, “our” or the “Company”) was formed on November 24, 2014 in Nevada. The Company is engaged in the business of procuring and negotiating employment and endorsement contracts for top talented athletes. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at September 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, and cash flows for such periods. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016.These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Registration Statement on Form S-1 for the year ended March 31, 2015.


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NOTE 2. GOING CONCERN
6 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Substantial Doubt about Going Concern [Text Block]

 NOTE 2.         GOING CONCERN  


These financial statements have been prepared on a going concern basis which assumes the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of September 30, 2015, the Company has not yet generated revenue from operations, and will require additional funds to maintain our operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through continued financial support from its shareholders and private placements of common stock. 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.


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Mondovita Corp. BALANCE SHEETS (unaudited) (Parentheticals) - $ / shares
Sep. 30, 2015
Mar. 31, 2015
Preferred stock, par value (in Dollars per share) $ 0.00001 $ 0.00001
Preferred stock, shares authorized 100,000,000 100,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 13,333,333 13,333,333
Common stock, shares outstanding 13,333,333 13,333,333
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Document And Entity Information - shares
6 Months Ended
Sep. 30, 2015
Nov. 13, 2015
Document and Entity Information [Abstract]    
Entity Registrant Name Mondovita Corp.  
Document Type 10-Q  
Current Fiscal Year End Date --03-31  
Entity Common Stock, Shares Outstanding   13,333,333
Amendment Flag false  
Entity Central Index Key 0001641521  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Filer Category Smaller Reporting Company  
Entity Well-known Seasoned Issuer No  
Document Period End Date Sep. 30, 2015  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q2  
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Mondovita Corp. STATEMENT OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2015
Sep. 30, 2015
Operating Expenses    
General and administrative $ 7,400 $ 21,541
Total Operating Expenses 7,400 21,541
Net Loss $ (7,400) $ (21,541)
Net Loss Per Common Share - Basic and Diluted (in Dollars per share) $ 0.00 $ 0.00
Weighted Average Common Shares Outstanding - Basic and Diluted (in Shares) 13,333,333 13,333,333
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Mondovita Corp. STATEMENT OF CASH FLOW (unaudited)
6 Months Ended
Sep. 30, 2015
USD ($)
Cash Flows from Operating Activities  
Net loss $ (21,541)
in operating activities: Changes in operating assets and liabilities:  
Accounts payable 5,541
Cash used in operating activities (16,000)
Net change in cash (16,000)
Cash and cash equivalents, beginning of period $ 16,000
Cash and cash equivalents, end of period
Supplementary Cash Flows Information  
Interest paid $ 0
Income taxes paid $ 0
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