0001019687-13-003426.txt : 20130905 0001019687-13-003426.hdr.sgml : 20130905 20130905155346 ACCESSION NUMBER: 0001019687-13-003426 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20130903 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130905 DATE AS OF CHANGE: 20130905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIPP INDUSTRIES, INC. CENTRAL INDEX KEY: 0000943653 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 870810718 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25820 FILM NUMBER: 131080435 BUSINESS ADDRESS: STREET 1: 2360 CORPORATE CIRCLE STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 BUSINESS PHONE: 647-426-1640 MAIL ADDRESS: STREET 1: 2360 CORPORATE CIRCLE STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 FORMER COMPANY: FORMER CONFORMED NAME: PROMAX COMMUNICATIONS INC DATE OF NAME CHANGE: 19970514 8-K 1 sipp_8k.htm CURRENT REPORT ON FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 3, 2013

SIPP Industries, Inc.

(Exact name of registrant as specified in its charter)

Nevada	0-225820	87-0810718
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

2360 Corporate Circle, Suite 400
Henderson, NV 89074

(Address of Principal Executive Officers) (Zip Code)

Registrant's telephone number, including area code: 647-426-1640

________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 - Financial Information

2.02 Results of Operations and Financial Condition

Sipp Industries, Inc., (The “Company”) has voluntarily disclosed unaudited financials for the following:

Year End December 31, 2010

Quarter End March 31, 2011

Quarter End June 30, 2011

Quarter End September 30, 2011

Year End December 31, 2012

Quarter End March 31, 2013

Quarter End June 30, 2013

(See Exhibit 1, 2, 3, 4, 5, 6, and 7)

The limited financial statements are strictly for informational purposes and should be viewed in conjunction with other available information about the Company. The Company has not consulted with any Public Company Accounting Oversight Board approved auditors, nor with any accountants regarding either the application of accounting principles to any to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the Company’s financial statements, and neither a written report or oral advice was provided to the Company by any auditors or accountants that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue.

The Company filed Form 15 on July 29, 2010, in accordance with Rule 12g-4(a)(2) of the Securities Exchange Act of 1934. Under Rule 12g-4(a)(2), the Company is not required to file quarterly or annual reports.

Section 9 - Financial Statements and Exhibits

9.01 Financial Statements and Exhibits

No.	Exhibit

99.1	December 31, 2010 Year End Financial Statement
99.2	March 31, 2011 Quarterly Financial Statement
99.3	June 30, 2011 Quarterly Financial Statement
99.4	September 30, 2011 Quarterly Financial Statement
99.5	December 31, 2012 Year End Financial Statement
99.6	March 31, 2013 Quarterly Financial Statement
99.7	June 30, 2013 Quarterly Financial Statement

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, hereunto duly authorized.

	SIPP INDUSTRIES, INC.

	By:	/s/ Sasa Vasiljevic
		Sasa Vasiljevic CEO

Date: September 5, 2013

EX-99.1 2 sipp_8k-ex9901.htm SIPP INDUSTRIES, INC. 12-31-10 FINANCIAL STATEMENTS

EXHIBIT 99.1

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Year End December 31, 2010
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–
LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS – NBV		–
INTANGIBLE ASSETS – NBV		–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	–
Other Payables		–
Taxes Payable		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 44,857,488 @ PV $.001		44,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001

Additional Paid In Capital		(44,857	)

Deficit		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Year End December 31, 2010
(Unaudited)

CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	–

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	–

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		–
Increase in paid-in-capital		–
Increase in loans payable		–
Issuance of capital stock		–

Cash Used For financing activities	$	–

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Year End December 31, 2010
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		–
Selling Expense		–

		–

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		0

NET PROFIT (LOSS)		0

Deficit - Beginning of period
Deficit - Beginning of period

SIPP INDUSTRIES INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Year End December 31, 2010

(Unaudited)

Common

Stock

PIC

Amount

R/E

Total

Opening Bal

44,857,488

44,857

(44,857

)

–

Issuance of stock

–

Capital Paid In

–

Net Profit/Loss

EX-99.2 3 sipp_8k-ex9902.htm SIPP INDUSTRIES, INC. 03-31-2011 FINANCIAL STATEMENTS

EXHIBIT 99.2

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Quarter End March 31, 2011
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS - NBV		–
INTANGIBLE ASSETS - NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	–
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 44,857,488 @ PV $.001		44,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001

Additional Paid In Capital		(44,857	)

Deficit		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Quarter End March 31, 2011
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		–
Selling Expense		–

		–

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		0

NET PROFIT (LOSS)		0

Deficit - Beginning of period
Deficit - Beginning of period

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Quarter End March 31, 2011
(Unaudited)

CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	–

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	–

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		–
Increase in paid-in-capital		–
Increase in loans payable		–
Issuance of capital stock		–

Cash Used For financing activities	$	–

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY
Quarter End March 31, 2011
(Unaudited)


	Common		Stock		PIC
	Shares		Amount		Amount			R/E		Total
Opening Balance		44,857,488	$	44,857	$	(44,857	)	$	–	$	–
Issuance of stock		0		–		–					–
Capital Paid In			$	–	$	–

Net Profit/Loss

Bal December 2010		44,857,488		44,857	$	(44,857	)	$	–	$	–

EX-99.3 4 sipp_8k-ex9903.htm SIPP INDUSTRIES, INC. 06-30-2011 FINANCIAL STATEMENTS

EXHIBIT 99.3

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Quarter End June 30, 2011
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS – NBV		–
INTANGIBLE ASSETS – NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	–
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 44,857,488 @ PV $.001		44,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001

Additional Paid In Capital		(44,857	)

Deficit		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Quarter End June 30, 2011
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		–
Selling Expense		–

		–

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		0

NET PROFIT (LOSS)		0

Deficit - Beginning of period
Deficit - Beginning of period

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Quarter End June 30, 2011
(Unaudited)


CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	–

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	–

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		–
Increase in paid-in-capital		–
Increase in loans payable		–
Issuance of capital stock		–

Cash Used For financing activities	$	–

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Quarter End June 30, 2011

(Unaudited)


	Common		Stock		PIC
	Shares		Amount		Amount			R/E		Total
Opening Balance		44,857,488	$	44,857	$	(44,857	)	$	–	$	–
Issuance of stock		0		–		–					–
Capital Paid In			$	–	$	–

Net Profit/Loss

Bal December 2010		44,857,488		44,857	$	(44,857	)	$	–	$	–

EX-99.4 5 sipp_8k-ex9904.htm SIPP INDUSTRIES, INC. 09-30-2011 FINANCIAL STATEMENTS

EXHIBIT 99.4

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Quarter End September 30, 2011
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS - NBV		–
INTANGIBLE ASSETS - NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	–
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 44,857,488 @ PV $.001		44,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001

Additional Paid In Capital		(44,857	)

Deficit		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Quarter End September 30, 2011
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		–
Selling Expense		–

		–

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		0

NET PROFIT (LOSS)		0

Deficit - Beginning of period
Deficit - Beginning of period

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Quarter End September 30, 2011
(Unaudited)


CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	–

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	–

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		–
Increase in paid-in-capital		–
Increase in loans payable		–
Issuance of capital stock		–

Cash Used For financing activities	$	–

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Quarter End September 30, 2011

(Unaudited)


	Common		Stock		PIC
	Shares		Amount		Amount			R/E		Total
Opening Balance		44,857,488	$	44,857	$	(44,857	)	$	–	$	–
Issuance of stock		0		–		–					–
Capital Paid In			$	–	$	–

Net Profit/Loss

Bal December 2010		44,857,488		44,857	$	(44,857	)	$	–	$	–

EX-99.5 6 sipp_8k-ex9905.htm SIPP INDUSTRIES, INC. 12-31-2012 FINANCIAL STATEMENTS

EXHIBIT 99.5

CONSOLIDATED BALANCE SHEET
Year End December 31, 2012
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS - NBV		–
INTANGIBLE ASSETS - NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	–
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 44,857,488 @ PV $.001		44,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001

Additional Paid In Capital		(44,857	)

Deficit		–
		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
for the Year Ended December 31, 2012
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		–
Selling Expense		–

		–

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		0

NET PROFIT (LOSS)		0

Deficit - Beginning of period
Deficit - Beginning of period

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Year End December 31, 2012
(Unaudited)

CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	–

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	–

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		–
Increase in paid-in-capital		–
Increase in loans payable		–
Issuance of capital stock		–

Cash Used For financing activities	$	–

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Year End December 31, 2012

(Unaudited)

Common

Stock

PIC

Amount

R/E

Total

Opening Balance

44,857,488

44,857

(44,857

)

–

Issuance of stock

–

Capital Paid In

–

Net Profit/Loss

EX-99.6 7 sipp_8k-ex9906.htm SIPP INDUSTRIES, INC. 03-31-2013

EXHIBIT 99.6

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Quarter End March 31, 2013
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS - NBV		–
INTANGIBLE ASSETS - NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	3,100.00
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 469,857,488 @ PV $.001		469,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001		1,000

Additional Paid In Capital		(1,197,605	)

Deficit		1,671,562.00
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Quarter End March 31, 2013
(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		5,817.00
Selling Expense		–

		5,817.00

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		(5,817	)

NET PROFIT (LOSS)		0

Deficit - Beginning of period		1665745
Deficit - End of period		1671562

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Quarter End March 31, 2013
(Unaudited)


CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	(5,817.00	)

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	(5,817.00	)

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		400.00
Increase in paid-in-capital		418,783.00
Increase in loans payable		–
Issuance of capital stock		425,000.00

Cash used for financing activities	$	5,817.00

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY
Quarter End March 31, 2013
(Unaudited)


	Preferred		Stock		Common		Stock		PIC
	Shares		Amount		Shares		Amount		Amount			R/E			Total
Opening Balance		1,000,000	$	1,000		44,857,488	$	44,857	$	1,617,388		$	(1,665,745.00	)	$	(2,500	)

Issuance of stock						425,000,000		425,000		–						425,000
Capital Paid In								–	$	(419,783	)				$	(419,783	)

Net Profit/Loss												$	(5,817	)	$	(5,817	)

EX-99.7 8 sipp_8k-ex9907.htm SIPP INDUSTRIES, INC. 06-30-2013 FINANCIAL STATEMENTS

EXHIBIT 99.7

SIPP INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
Quarter End June 30, 2013
(Unaudited)


BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–

LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS - NBV		–
INTANGIBLE ASSETS - NBV		–
	$	–

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts Payable and Accrued Liabilities	$	3,100.00
Other Payables		–
Taxes Payable		–
		–

LONG TERM LIABILITIES -		–
		–
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 260,000,000
Issued and outstanding - 469,857,488 @ PV $.001		469,857
Preferred Stock, authorized shares 10,000,000
Issued and outstanding - 1,000,000 @ PV $.001		1,000

Additional Paid In Capital		(1,197,605	)

Deficit		1,671,562.00
		–
	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS
Quarter End June 30, 2013
(Unaudited)


EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–

COST OF SALES

Cost of Sales		–

TOTAL COST OF SALES		–

GROSS PROFIT		–

OPERATING EXPENSES

Administrative Expense		5,817.00
Selling Expense		–

		5,817.00

OTHER INCOME & EXPENSES		–

PROFIT (LOSS)		(5,817	)

NET PROFIT (LOSS)		0

Deficit - Beginning of period		1665745
Deficit - End of period		1671562

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Quarter End June 30, 2013
(Unaudited)

CASH FLOWS

Cash flows from operating activities
Profit/Loss from operations	$	(5,817.00	)

Adjustments to cash flows from operating activities:
Amortization of goodwill
Depreciation of fixed assets		–

Cash flows from operating activities	$	(5,817.00	)

Cash flows from investing activities:
Capital expenditures
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–

Cash used in investing activities	$	–

Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		400.00
Increase in paid-in-capital		418,783.00
Increase in loans payable		–
Issuance of capital stock		425,000.00

Cash used for financing activities	$	5,817.00

Net increase (decrease) in cash		–

Cash at beginning of period		–
Cash at end of period	$	–

SIPP INDUSTRIES INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY
Quarter End June 30, 2013
(Unaudited)


	Preferred		Stock		Common		Stock		PIC
	Shares		Amount		Shares		Amount		Amount			R/E			Total
Opening Balance		1,000,000	$	1,000		44,857,488	$	44,857	$	1,617,388		$	(1,665,745.00	)	$	(2,500	)

Issuance of stock						425,000,000		425,000		–						425,000
Capital Paid In								–	$	(419,783	)				$	(419,783	)

Net Profit/Loss												$	(5,817	)	$	(5,817	)