0001477932-16-012544.txt : 20160919 0001477932-16-012544.hdr.sgml : 20160919 20160919060101 ACCESSION NUMBER: 0001477932-16-012544 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 27 CONFORMED PERIOD OF REPORT: 20160531 FILED AS OF DATE: 20160919 DATE AS OF CHANGE: 20160919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Messagebgone, Inc. CENTRAL INDEX KEY: 0001655349 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 300881998 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-208024 FILM NUMBER: 161890631 BUSINESS ADDRESS: STREET 1: 2360 CORPORATE CIRCLE STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074-7739 BUSINESS PHONE: 702-381-5798 MAIL ADDRESS: STREET 1: 2360 CORPORATE CIRCLE STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074-7739 10-Q 1 mess_10q.htm FORM 10-Q mess_10q.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

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

 

For the quarterly period ended: May 31, 2016

 

Commission File Number: 333-2080204

 

messageBgone, Inc.

(Exact name of registrant as specified in it’s charter)

 

Nevada

 

30-0881998

(State or other jurisdiction of incorporation or organization)

 

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

  

Tha Hin, Banpho, Chachoengsao, 24130 THAILAND

(Address of principal executive offices)(Zip Code)

 

1-702-381-5798

(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. ¨ Yes x 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). ¨ Yes x 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

¨

Smaller reporting company

x

(Do not check if a smaller reporting company)

 

 

 

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 ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court ¨ Yes ¨ No

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

As of September 7, 2016 there were 10,000,000 shares of common stock issued and outstanding.

 

 

 
 
 

TABLE OF CONTENTS

 

 

PART I—FINANCIAL INFORMATION.

 

 

 

Item 1.

Financial Statements.

3

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

9

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

10

 

 

Item 4.

Controls and Procedures.

10

 

 

PART II—OTHER INFORMATION.

 

 

 

Item 1.

Legal Proceedings.

11

 

 

Item 1A.

Risk Factors.

11

 

 

Item 2.

Unregistered Sales of Securities and Use of Proceeds.

11

 

 

Item 3.

Defaults Upon Senior Securities.

11

 

 

Item 4.

Mine Safety Disclosures.

11

 

 

Item 5.

Other Information.

11

 

 

Item 6.

Exhibits.

12

 
 
2
 

  

PART I—FINANCIAL INFORMATION

 

MESSAGEBGONE, INC.

 CONDENSED FINANCIAL STATEMENTS

 

May 31, 2016

(Unaudited)

 

CONDENSED BALANCE SHEETS

 

 

3

 

 

 

 

 

 

CONDENSED STATEMENTS OF OPERATIONS

 

 

4

 

 

 

 

 

 

CONDENSED STATEMENTS OF CASH FLOWS

 

 

5

 

 

 

 

 

 

CONDENSED NOTES TO FINANCIAL STATEMENTS

 

 

6

 

 
 
3
 

 

MESSAGEBGONE, INC.

CONDENSED BALANCE SHEETS

 

 

 

May 31,

 2016

 

 

August 31,

2015

 

 

 

(Unaudited)

 

 

 

ASSETS

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

Cash

 

$1,308

 

 

$5,945

 

Prepaid expenses

 

 

-

 

 

 

1,500

 

Total Current Assets

 

 

1,308

 

 

 

7,445

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$1,308

 

 

$7,445

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 Accounts payable

 

$316

 

 

$-

 

 Related parties

 

 

4,579

 

 

 

-

 

 

 

 

 

 

 

 

 

 

TOTAL CURRENT LIABILITIES

 

 

4,895

 

 

 

-

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ (DEFICIT) EQUITY

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

 

 

Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and Outstanding 10,000,000 shares of common stock as of May 31, 2016 and August 31, 2015

 

 

10,000

 

 

 

10,000

 

Accumulated deficit

 

 

(13,587)

 

 

(2,555)

 

 

 

 

 

 

 

 

 

TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY

 

 

(3,587)

 

 

7,445

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

 

$1,308

 

 

$7,445

 

 

The accompanying notes are an integral part of these condensed financial statements.

 

 
4
Table of Contents

 

MESSAGEBGONE, INC.

 CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)

 

 

 

Three months
ended
May 31,

2016

 

 

Nine months
ended
May 31,

 2016

 

 

 

 

 

 

 

 

REVENUE

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

Office and general

 

 

171

 

 

 

11,032

 

 

 

 

 

 

 

 

 

 

TOTAL EXPENSES

 

 

(171)

 

 

(11,032

 

 

 

 

 

 

 

 

 

NET LOSS

 

$(171)

 

$(11,032

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED NET LOSS PER COMMON SHARE

 

$(0.00)

 

$(0.00

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF BASIC COMMON SHARES OUTSTANDING – BASIC AND DILUTED

 

 

10,000,000

 

 

 

10,000,000

 

 

 The accompanying notes are an integral part of these condensed financial statements.

 

 
5
Table of Contents

  

MESSAGEBGONE, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

Nine months
ended

 May 31,

 2016

 

 

 

 

 

OPERATING ACTIVITIES

 

 

 

Net loss for the period

 

$(11,032)

Adjustments to reconcile net loss to net cash used in operating activities

 

 

 

 

Changes in operating assets and liabilities

 

 

 

 

Increase (decrease) in prepaid expenses

 

 

1,500

 

Increase (decrease) in accounts payable

 

 

316

 

 

 

 

 

 

NET CASH (USED IN) OPERATING ACTIVITIES

 

 

(9,216)

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

Proceeds from related parties

 

 

4,579

 

 

 

 

 

 

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

4,579

 

 

 

 

 

 

NET INCREASE IN CASH

 

 

(4,637)

 

 

 

 

 

CASH, BEGINNING OF PERIOD

 

 

5,945

 

 

 

 

 

 

CASH, END OF PERIOD

 

$1,308

 

 

 

 

 

 

SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

Interest

 

$-

 

Income taxes

 

$-

 

  

The accompanying notes are an integral part of these condensed financial statements.

 

 
6
Table of Contents

 

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

 

 

MessageBgone, Inc. was incorporated in the State of Nevada as a for-profit Company on August 25, 2015 and established a fiscal year end of August 31. The Company intends to develop, market and sell the most secure, closed point-to-point messaging system available today.

 

Going concern

 

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $13,587. As at May 31, 2016, the Company has working capital deficit of $3,587. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. As of May 31, 2016 the Company has funded initial expenses through advances from the president. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

 

Basis of Presentation – Unaudited Financial Statements

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended August 31, 2015 included in the Company’s S-1 filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2016 are not necessarily indicative of the results that may be expected for the year ending August 31, 2016.

 

Use of Estimates and Assumptions

 

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain 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 period. Accordingly, actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of May 31, 2016.

 

Financial Instruments

 

All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair value of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.

 

 
7
Table of Contents

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

 

 

Loss per Common Share

 

The basic earnings (loss) per share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

 

Income Taxes

 

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

 

Recent Accounting Pronouncements

 

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

NOTE 3 – CAPITAL STOCK

 

 

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued.

 

As of May 31, 2016, the Company has not granted any stock options and has not recorded any stock-based compensation.

 

On August 25, 2015, the Company issued 10,000,000 common shares at $0.001 per share to the sole director and president of the Company for cash proceeds of $10,000.

 

NOTE 4 – RELATED PARTY TRANSACTIONS

 

 

As of May 31, 2016, the Company has received $4,579 from its officer and director. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

 

 
8
Table of Contents

 

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

 

This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

 

Results of Operations

 

For the three month period ended May 31, 2016 we had no revenue. Expenses for the three month period ended May 31, 2016 totaled $171 resulting in a net loss of $171. The net loss for the three month period ended May 31, 2016 is a result of general and administrative expense of $171, comprised primarily of filing fees.

 

For the nine month period ended May 31, 2016 we had no revenue. Expenses for the nine month period ended May 31, 2016 totaled $11,032 resulting in a net loss of $11,032. The net loss for the nine month period ended May 31, 2016 is a result of general and administrative expense of $11,032, comprised primarily administration expenses of $292, filing fees of $1,040 and Professional fees of $$9,700 comprised primarily of accounting and legal expenses.

 

Capital Resources and Liquidity

 

No substantial revenues are anticipated until we have completed the financing from this offering and implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, our only source for cash at this time is investments by others in this offering. We must raise cash to implement our strategy and stay in business. The amount of the offering will likely allow us to operate for at least one year.

 

As of May 31, 2016, we had $1,038 in cash as compared to $5,945 in cash at August 31, 2015. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status. As of May 31, 2016 the Company’s sole officer and director, Mr. Arraya Wilaiphan has loaned the Company $4,579 and he has indicated he is willing to make additional financial commitments if required to maintain the reporting status of the Company, in the form of a non-secured loan for the next twelve months if no other proceeds are obtained by the Company, but the total amount that he is willing to invest has not yet been determined. However, there is no contract or written agreement in place.

 

We anticipate that we will begin to implement our plan of operations as outlined in our S-1 filing. We do not foresee the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees.

 

Off-balance sheet arrangements

 

Other than the situation described in the section titled Capital Recourses and Liquidity, 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

 

 
9
Table of Contents

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

  

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

Item 4. Controls and Procedures.

 

Disclosure Controls and Procedures

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

 

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. The material weaknesses in our disclosure control procedures are as follows:

 

1. Lack of formal policies and procedures necessary to adequately review significant accounting transactions. We utilize a third party independent contractor for the preparation of our financial statements. Although the financial statements and footnotes are reviewed by our management, we do not have a formal policy to review significant accounting transactions and the accounting treatment of such transactions. The third party independent contractor is not involved in our day to day operations and may not be provided information from our management on a timely basis to allow for adequate reporting/consideration of certain transactions.

 

2. Audit Committee and Financial Expert. We do not have an audit committee with a financial expert and, thus, we lack the appropriate oversight within the financial reporting process.

 

We intend to initiate measures to remediate the identified material weaknesses, including, but not necessarily limited to, the following:

 

 

·

 Establishing a formal review process of significant accounting transactions that includes participation of our principal executive officer, principal financial officer and corporate legal counsel.

 

 

 

 

·

Form an audit committee that will establish policies and procedures that will provide our Board of Directors with a formal review process that will among other things, assure that management controls and procedures are in place and being maintained consistently.

  

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended May 31, 2016 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

 

 
10
Table of Contents

 

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

Currently we are not involved in any pending litigation or legal proceeding.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

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

 

None

 

Item 3. Defaults Upon Senior Securities.

 

None

 

Item 4. Mine Safety Disclosures.

 

None

 

Item 5. Other Information.

 

None

 

 
11
Table of Contents

  

Item 6. Exhibits.

 

31.1

 

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer

 

31.2

 

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *

 

32.1

 

Section 1350 Certification of Chief Executive Officer

 

32.2

 

Section 1350 Certification of Chief Financial Officer **

______

* Included in Exhibit 31.1  

 

** Included in Exhibit 32.1

 

 
12
Table of Contents

 

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.

 

messageBgone, Inc.

(Registrant)

 
Date: September 19, 2016By:/s/ Arraya Wilaiphan

Arraya Wilaiphan
President and Director

Principal and Executive Officer

Principal Financial Officer

Principal Accounting Officer

  

 

13

 

EX-31.1 2 mess_ex311.htm CERTIFICATION mess_ex311.htm

 

EXHIBIT 31.1

 

CERTIFICATIONS

 

I, Arraya Wilaiphan, certify that:

 

1.I have reviewed this quarterly report of messageBgone, Inc.;

 

 

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 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 the 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 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 controls and procedures, or caused such disclosure controls and procedures 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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter 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 equivalent functions):

 

 

a)All significant deficiencies and material weaknesses in the design or operation of internal controls 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: September 19, 2016By:/s/ Arraya Wilaiphan

 

 

Arraya Wilaiphan 
  President, Secretary Treasurer,
Principal Executive Officer,

Principal Financial Officer and Director

 

 

EX-32.1 3 mess_ex321.htm CERTIFICATION mess_ex321.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 Quarterly Report on Form 10-Q for the period ended May 31, 2016 of messageBgone, Inc., a Nevada corporation (the "Company"), as filed with the Securities and Exchange Commission on the date hereof (the "Transition Report"), I, Arraya Wilaiphan, President and Chief Financial Officer of the Company 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 fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended; and

 

 

 

 

2.The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

    
Date: September 19, 2016By:/s/ Arraya Wilaiphan

 

 

Arraya Wilaiphan 
  President, Secretary Treasurer,
Principal Executive Officer,

Principal Financial Officer and Director

 

 

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Document and Entity Information - shares
9 Months Ended
May 31, 2016
Sep. 07, 2016
Document And Entity Information    
Entity Registrant Name Messagebgone, Inc.  
Entity Central Index Key 0001655349  
Document Type 10-Q  
Document Period End Date May 31, 2016  
Amendment Flag false  
Current Fiscal Year End Date --08-31  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? No  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   10,000,000
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2016  
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CONDENSED BALANCE SHEETS - USD ($)
May 31, 2016
Aug. 31, 2015
CURRENT ASSETS    
Cash $ 1,308 $ 5,945
Prepaid expenses 1,500
Total Current Assets 1,308 7,445
TOTAL ASSETS 1,308 7,445
CURRENT LIABILITIES    
Accounts payable 316
Related parties 4,579
TOTAL CURRENT LIABILITIES 4,895
STOCKHOLDERS' (DEFICIT) EQUITY    
Common Stock Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and Outstanding 10,000,000 shares of common stock as of May 31, 2016 and August 31, 2015 10,000 10,000
Accumulated deficit (13,587) (2,555)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY (3,587) 7,445
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 1,308 $ 7,445
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CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
May 31, 2016
Aug. 31, 2015
STOCKHOLDERS' (DEFICIT) EQUITY    
Common stock, par value $ 0.001 $ 0.001
Common stock, authorized shares 200,000,000 200,000,000
Common stock, issued shares 10,000,000 10,000,000
Common stock, outstanding shares 10,000,000 10,000,000
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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2016
May 31, 2016
Condensed Statements Of Operations    
REVENUE
EXPENSES    
Office and general 171 11,032
TOTAL EXPENSES (171) (11,032)
NET LOSS $ (171) $ (11,032)
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.00) $ (0.00)
WEIGHTED AVERAGE NUMBER OF BASIC COMMON SHARES OUTSTANDING - BASIC AND DILUTED 10,000,000 10,000,000
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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2016
May 31, 2016
OPERATING ACTIVITIES    
Net loss for the period $ (171) $ (11,032)
Changes in operating assets and liabilities    
Increase (decrease) in prepaid expenses   1,500
Increase (decrease) in accounts payable   316
NET CASH (USED IN) OPERATING ACTIVITIES   (9,216)
FINANCING ACTIVITIES    
Proceeds from related parties   4,579
NET CASH PROVIDED BY FINANCING ACTIVITIES   4,579
NET INCREASE IN CASH   (4,637)
CASH, BEGINNING OF PERIOD   5,945
CASH, END OF PERIOD $ 1,308 1,308
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid during the period for: Interest  
Cash paid during the period for: Income taxes  
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NATURE OF OPERATIONS AND BASIS OF PRESENTATION
9 Months Ended
May 31, 2016
Notes to Financial Statements  
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION

MessageBgone, Inc. was incorporated in the State of Nevada as a for-profit Company on August 25, 2015 and established a fiscal year end of August 31. The Company intends to develop, market and sell the most secure, closed point-to-point messaging system available today.

 

Going concern

 

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $13,587. As at May 31, 2016, the Company has working capital deficit of $3,587. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. As of May 31, 2016 the Company has funded initial expenses through advances from the president. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
May 31, 2016
Notes to Financial Statements  
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation - Unaudited Financial Statements

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended August 31, 2015 included in the Company’s S-1 filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2016 are not necessarily indicative of the results that may be expected for the year ending August 31, 2016.

 

Use of Estimates and Assumptions

 

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain 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 period. Accordingly, actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of May 31, 2016.

 

Financial Instruments

 

All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair value of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.

 

Loss per Common Share

 

The basic earnings (loss) per share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

 

Income Taxes

 

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

 

Recent Accounting Pronouncements

 

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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CAPITAL STOCK
9 Months Ended
May 31, 2016
Notes to Financial Statements  
NOTE 3 - CAPITAL STOCK

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued.

 

As of May 31, 2016, the Company has not granted any stock options and has not recorded any stock-based compensation.

 

On August 25, 2015, the Company issued 10,000,000 common shares at $0.001 per share to the sole director and president of the Company for cash proceeds of $10,000.

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RELATED PARTY TRANSACTIONS
9 Months Ended
May 31, 2016
Notes to Financial Statements  
NOTE 4 - RELATED PARTY TRANSACTIONS

As of May 31, 2016, the Company has received $4,579 from its officer and director. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
May 31, 2016
Summary Of Significant Accounting Policies Policies  
Basis of Presentation - Unaudited Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended August 31, 2015 included in the Company’s S-1 filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form S-1. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2016 are not necessarily indicative of the results that may be expected for the year ending August 31, 2016.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain 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 period. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of May 31, 2016.

Financial Instruments

All significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practical the fair value of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.

Loss per Common Share

The basic earnings (loss) per share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative)
May 31, 2016
USD ($)
Nature Of Operations And Basis Of Presentation Details Narrative  
Working capital deficit $ 3,587
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CAPITAL STOCK (Details Narrative) - $ / shares
May 31, 2016
Aug. 31, 2015
Capital Stock Details Narrative    
Common stock, par value $ 0.001 $ 0.001
Common stock, authorized shares 200,000,000 200,000,000
Common stock, issued shares 10,000,000 10,000,000
Common stock, outstanding shares 10,000,000 10,000,000
XML 22 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
May 31, 2016
Aug. 31, 2015
Related Party Transactions Details Narrative    
Related parties $ 4,579
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