10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AMENDMENT NO.1

to

FORM 10-K

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

For the period ended June 30, 2012

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____

Commission file number 000-28562

LMK GLOBAL RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Delaware	94-2857548
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

2741 Lemon Grove Ave, Lemon Grove, CA 91945

(Address of principal executive offices)

(714) 724-3355

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Name of each exchange on which registered

Securities registered pursuant to Section 12(g) of the Act:  

Common Stock, par value $0.01 per share

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.	Yes [ ]  No [X]
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.	Yes [ ]  No [X]
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 [  ]  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 [  ]  No [  ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.	[  ]

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). Yes [  ]  No [X]

State the aggregate market value of the registrant’s voting and non-voting common equity held by non-affiliates as of the last business day of the registrant’s most recently completed second fiscal quarter (December 31, 2011) in thousands.	$ 77,000
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date (October 31, 2012).	93,310,458 Shares

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to the LMK Global Resources, Inc. Annual Report on Form 10-K for the year ended June 30, 2012, filed with the Securities and Exchange Commission on November 11, 2012 (the “Form 10-K”), is solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the consolidated financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

ITEM 6. EXHIBITS.

Exhibit No.	Description
31.1**	Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-K for the year ended June 30, 2012.
31.2**	Certification of the Company’s Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-K for the year ended June 30, 2012.
32.1**	Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document*
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document

* Filed herewith.

** Previously filed.

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.

Date:  July 10, 2013	By:	/s/ Frank Dreschler
		Frank Dreschler
		President, Chief Executive Officer and Sole Director

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4 Income Taxes (Details Narrative) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Income Tax Disclosure [Abstract]
Loss carryforward	$ 40,507	$ 25,019

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STATEMENTS OF EXPENSES - Unaudited (USD $)	12 Months Ended		41 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Income Statement [Abstract]
General and administrative expenses	$ 11,727	$ 7,841	$ 30,063
Interest expense	3,761	3,626	10,444
Total Expenses	(15,488)	(11,467)	(40,507)
Net loss	$ (15,488)	$ (11,467)	$ (40,507)
Net loss per share, basic and fully diluted	$ 0.00	$ 0.00
Weighted average number of shares outstanding	26,104,100	26,104,100

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5 Capitalization

12 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

5 Capitalization

Note 5 — Capitalization

During the year ended June 27, 2008, Verilink began issuing post-reorganization New Common Stock as follows:

·Issued 25,000,000 shares, which are not subject to the reversal, to the IACE Investments Two, Inc.

·Issue 1,000,000 shares to the Venture Fund I, Inc., pursuant to the terms under the DIP Loan.  

·Issue 75,000 shares to the Bankruptcy Trustee to be distributed according to the Plan.  

·Issue 100 shares to each of 191 holders of an Allowed Unsecured Claim in Class 7 for a total of 19,100 shares issued.

Stock Warrants

On the 27th day of June, 2008, pursuant to the terms of the DIP Loan and Plan, we issued 1,000,000 New shares and warrants for 5,000,000 New shares to Venture Fund I, Inc., for providing the DIP Loan.  The warrants are exercisable at $25 per share at any time on or prior to November 30, 2016.  The number of shares called or exercised at any given time and the purchase price per share shall be subject to adjustment from time to time by the Board of Directors of the Company.

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5 Capitalization (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2008	Jun. 30, 2012	Jun. 30, 2011
Accounting Policies [Abstract]
New common stock shares issued to IACE Investments Two, Inc.	25,000,000	26,104,100	26,104,100
New shares and warrants issed to Venture Fund I, Inc.	1,000,000
New shares to Venture Fund 1 for providing DIP loan	5,000,000
Warrant exercisable per share value	$ 25

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1 The Company and a Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

1 The Company and a Summary of Significant Accounting Policies

Note 1 — The Company and a Summary of Significant Accounting Policies

The Company

LMK Global Resources, Inc. f/k/a Verilink Corporation (“we”, “our” or the “Company”), a Delaware Corporation, was incorporated in 1982. Prior to ceasing operations in June 2006, we developed, manufactured, and marketed integrated access devices, Optical Ethernet access products, wireless access devices, and bandwidth aggregation solutions for network service providers, enterprise customers, and original equipment manufacturer partners. Our integrated network access and customer premises/located equipment products were used by network service providers. On July 11, 2012, Verilink Corp changed its name to LMK Global Resources, Inc.

On April 9, 2006, we filed bankruptcy.  On June 15, 2006, we sold substantially all of our assets for $5,250,000, the assumption of certain liabilities and the payment of certain other costs. In January 2007, the Court approved our reorganization plan, which included (i) the sale of the Verilink shell to an outside investor group, and (ii) the creation of a Liquidating Trust responsible for payments to creditors. Following the sale of substantially all assets, we ceased operations.

On January 31, 2007, the Court approved the Second Amended Plan. Under the Plan, if the Business Combination occurs within six (6) months of the Effective Date, the Company will receive a discharge of its debts under Section 1141 of the Bankruptcy Code. On January 17, 2008, the Court issued the Order Granting Motion of Liquidating Trustee to Extend Certain Deadlines Established in the Debtors’ Plan of Reorganization, which ordered the Business Combination deadline extended to February 13, 2009.

On February 10, 2009, the Company entered into an Option Agreement to acquire certain oil and gas leases on approximately 3,912 acres located in Phillips County, Colorado from Osage Land Company, an Oklahoma corporation,.  The primary term of the leases is for a five year period that expires in 2012.  Osage Land is to receive $80.00 per net mineral acre on or before July 10, 2009 as extended to March 31, 2010, or about $313,000.  Due to lack of funding, we have not engaged in any operations related to the Option Agreement.  

In February, 2009, we emerged from bankruptcy as an exploration stage company.

Basis of presentation

Our fiscal year end is June 30.

As of February 13, 2009, the Company became an exploration stage company and has not yet realized any revenue from its operations. It is primarily engaged in acquisition, exploration and development of its mining properties located in Phillips County, Colorado. The Company has not yet determined whether these properties contain mineral reserves that are economically recoverable. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurances that current exploration programs will result in profitable mining operations.

Management estimates and assumptions

The preparation of financial statements in conformity with 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. Actual results could differ from those estimates.

Basic and Diluted Net Income (loss) per share

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during a period. The Company has 5,000,000 warrants outstanding as of June 30, 2012. These warrants were excluded from the computation of diluted loss per share as their effect would be anti-dilutive.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operating, financial position or cash flows.

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3 Advances from Related Party

12 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

3 Related Party

Note 3 — Advances from Related Party

As of June 30, 2012, the Company currently has related party advances of $47,015 due to a major shareholder, for operating expenses paid on the Company’s behalf. The related party advances bear an interest rate of 8%, is unsecured and is payable upon demand.  We have accrued $10,444 in interest to IACE since emerging from bankruptcy.

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1 The Company and a Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of presentation

Basis of presentation

Our fiscal year end is June 30.

As of February 13, 2009, the Company became an exploration stage company and has not yet realized any revenue from its operations. It is primarily engaged in acquisition, exploration and development of its mining properties located in Phillips County, Colorado. The Company has not yet determined whether these properties contain mineral reserves that are economically recoverable. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurances that current exploration programs will result in profitable mining operations.

Management estimates and assumptions

Management estimates and assumptions

The preparation of financial statements in conformity with 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. Actual results could differ from those estimates.

Basic and Diluted Net Income (loss) per share

Basic and Diluted Net Income (loss) per share

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during a period. The Company has 5,000,000 warrants outstanding as of June 30, 2012. These warrants were excluded from the computation of diluted loss per share as their effect would be anti-dilutive.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operating, financial position or cash flows.

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4 Income Taxes

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Income Taxes

Note 4 — Income Taxes

The components of the net deferred income tax assets and liabilities at June 30, 2012 and June 30, 2011, are as follows:

		June 30, 2012		June 30, 2011
Deferred tax asset	$	14,177	$	8,506
Valuation allowance		(14,177)		(8,506)
Net deferred tax asset	$	-	$	-

Cumulative net operating loss carryforwards at June 30, 2012 and June 30, 2011 are $40,507 and $25,019, respectively and begin to expire in 2029.

Internal Revenue Code Section 382 limits the use of net operating losses in certain situations where changes occur in the stock ownership of a company. The availability and timing of net operating losses carried forward to offset future taxable income will be significantly limited due to the changes of ownership from the bankruptcy court actions.

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BALANCE SHEETS - Unaudited (Parenthetical) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Balance Sheets - Unaudited
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	26,104,100	26,104,100
Common stock, shares outstanding	26,104,100	26,104,100

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2 Going Concern (Details Narrative) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ (57,759)	$ (53,698)

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STATEMENTS OF CASH FLOWS - Unaudited (USD $)	12 Months Ended		41 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Statement of Cash Flows [Abstract]
Net loss	$ (15,488)	$ (11,467)	$ (40,507)
Change in assets and liabilities:
Change in accounts payable and accrued liabilities	4,061	2,660	9,778
Net cash used in operating activities	(11,427)	(8,807)	(30,729)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from shareholder	11,427	8,807	30,729
Net cash provided by financing activities	11,427	8,807	30,729
Cash at beginning of period
Cash at end of period

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BALANCE SHEETS - Unaudited (USD $)	Jun. 30, 2012	Jun. 30, 2011
ASSETS
TOTAL ASSETS	$ 0	$ 0
CURRENT LIABILITIES
Accounts payable	300
Advances from shareholder	47,015	47,015
Accrued interest to shareholders	10,444	6,683
TOTAL LIABILITIES	57,759	53,698
STOCKHOLDERS' DEFICIT
Preferred stock, par value $0.01, authorized: 1,000,000 shares, no shares issued or outstanding
Common stock: $0.01 par value; 60,000,000 shares authorized; 26,104,100 shares issued and outstanding at June 30, 2011 and June 25, 2010		261,041
Additional paid-in capital	90,809,350	90,797,923
Accumulated other comprehensive loss	(63,201)	(63,201)
Accumulated deficit from prior operations	(91,024,442)	(91,024,442)
Deficit accumulated during the exploration stage	(40,507)	(25,019)
TOTAL STOCKHOLDERS' DEFICIT	(57,759)	(53,698)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 0

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4 Income Taxes - Net deferred income tax assets and liabilities (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Income Tax Disclosure [Abstract]
Deferred tax asset	$ 14,177	$ 8,506
Valuation allowance	(14,177)	(8,506)
Net deferred tax asset

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1 The Company and a Summary of Significant Accounting Policies (Details Narrative)	Jun. 30, 2012
Company And Summary Of Significant Accounting Policies Details Narrative
Warrants outstanding	5,000,000

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4 Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Net deferred income tax assets and liabilities

		June 30, 2012		June 30, 2011
Deferred tax asset	$	14,177	$	8,506
Valuation allowance		(14,177)		(8,506)
Net deferred tax asset	$	-	$	-

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2 Going Concern

12 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

2 Going Concern

Note 2 – Going Concern

As shown in the accompanying financial statements, the Company has a working capital deficit of $57,759 as of June 30, 2012 and is not currently generating revenue from operations.  These factors raise substantial doubt regarding the Company's ability to continue as a going concern. Management has established plans to begin generating revenues and decrease debt. These plans, if successful, will mitigate the factors, which raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

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3 Related Party (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2012
Related Party Transactions [Abstract]
Related party advances	$ 47,015
Accured interest	$ 10,444
Interest	8.00%

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Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2012	Oct. 31, 2012
Document and Entity Information:
Entity Registrant Name	LMK Global Resources, Inc.
Document Type	10-K
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Entity Central Index Key	0000774937
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding			78,312,300
Entity Public Float		$ 77,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q4