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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Berkshire Homes Inc (CE) | USOTC:BKSH | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | 0.00 | 01:00:00 |
x
|
Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
o
|
Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934
|
Nevada
|
333-171423
|
68-0680858
|
(State or Jurisdiction
|
(Commission
|
(IRS Employer
|
of Incorporation)
|
File Number)
|
Identification No.)
|
Large accelerated filer
|
o |
Accelerated filer
|
o | |
Non-accelerated filer
|
o
|
Smaller reporting company
|
x |
May 31, 2013
|
November 30, 2012
|
|||||||
ASSETS
|
||||||||
Current Assets
|
||||||||
Cash and equivalents
|
$ | 9,542 | $ | - | ||||
TOTAL ASSETS
|
$ | 9,542 | $ | - | ||||
LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
||||||||
Current Liabilities
|
||||||||
Accounts payable and accrued interest
|
$ | 583,185 | $ | 551,479 | ||||
Accounts payable – related party
|
9,900 | 3,989 | ||||||
Accrued compensation
|
25,000 | - | ||||||
Due to related party
|
275 | 275 | ||||||
Promissory notes
|
500,000 | 400,000 | ||||||
Total Liabilities
|
$ | 1,118,360 | 955,743 | |||||
Stockholders’ Deficit
|
||||||||
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding
|
- | - | ||||||
Common Stock, $.0001 par value, 500,000,000 shares authorized, 4,510,000 shares issued and outstanding
|
451 | 451 | ||||||
Additional paid-in capital
|
23,149 | 23,149 | ||||||
Deficit accumulated during the development stage
|
(1,132,418 | ) | (979,343 | ) | ||||
Total Stockholders’ Deficit
|
(1,108,818 | ) | (955,743 | ) | ||||
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
$ | 9,542 | $ | - |
Three months ended May 31, 2013
|
Three months ended May 31, 2012
|
Six months ended May 31, 2013
|
Six months ended May 31, 2012
|
For the period from June 2, 2010 (Inception) to May 31, 2013
|
||||||||||||||||
REVENUES
|
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 22,000 | ||||||||||
EXPENSES
|
||||||||||||||||||||
Consulting fees
|
- | 67,544 | 1,000 | 84,419 | 554,922 | |||||||||||||||
General and administrative
|
6,406 | 31,472 | 22,299 | 54,768 | 151,808 | |||||||||||||||
Professional fees
|
1,894 | 29,363 | 43,376 | 35,613 | 130,232 | |||||||||||||||
Management fees
|
37,500 | 57,659 | 50,000 | 109,422 | 235,776 | |||||||||||||||
Bad debt expense
|
- | - | - | - | 2,125 | |||||||||||||||
TOTAL EXPENSES
|
45,800 | 186,038 | 116,675 | 284,222 | 1,074,863 | |||||||||||||||
LOSS FROM OPERATIONS
|
(45,800 | ) | (186,038 | ) | (116,675 | ) | (284,222 | ) | (1,052,863 | ) | ||||||||||
OTHER INCOME (EXPENSE)
|
||||||||||||||||||||
Interest expense
|
(19,350 | ) | (8,832 | ) | (36,400 | ) | (11,155 | ) | (79,555 | ) | ||||||||||
(19,350 | ) | (8,832 | ) | (36,400 | ) | (11,155 | ) | (79,555 | ) | |||||||||||
PROVISION FOR INCOME TAXES
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
NET LOSS
|
$ | (65,150 | ) | $ | (194,870 | ) | $ | (153,075 | ) | $ | (295,377 | ) | $ | (1,132,418 | ) | |||||
NET LOSS PER SHARE: BASIC AND DILUTED
|
$ | (0.01 | ) | $ | (0.04 | ) | $ | (0.03 | ) | $ | (0.07 | ) | ||||||||
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED
|
4,510,000 | 4,510,000 | 4,510,000 | 4,510,000 |
Six months ended May 31, 2013
|
Six months ended May 31, 2012
|
For the period from June 2, 2010 (Inception) to May 31, 2013
|
||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||||||
Net loss for the period
|
$ | (153,075 | ) | $ | (295,377 | ) | $ | (1,132,418 | ) | |||
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||||||
Changes in operating assets and liabilities:
|
||||||||||||
Prepaid expenses
|
- | (7,500 | ) | - | ||||||||
Accrued compensation
|
25,000 | - | 25,000 | |||||||||
Accounts payable and accrued interest
|
31,706 | (8,850 | ) | 583,186 | ||||||||
Accounts payable – related party
|
5,911 | (10,349 | ) | 9,900 | ||||||||
Net Cash Used by Operating Activities
|
(90,458 | ) | (322,076 | ) | (514,332 | ) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||||||
Loans from related parties
|
- | - | 274 | |||||||||
Issuance of promissory notes
|
100,000 | 400,000 | 500,000 | |||||||||
Sale of common stock
|
- | - | 23,600 | |||||||||
Net Cash Provided by Financing Activities
|
100,000 | 400,000 | 523,874 | |||||||||
Net Increase (Decrease) in Cash
|
9,542 | 77,924 | 9,542 | |||||||||
Cash, beginning of period
|
- | - | 0 | |||||||||
Cash, end of period
|
$ | 9,542 | $ | 77,924 | $ | 9,542 | ||||||
SUPPLEMENTAL CASH FLOW INFORMATION:
|
||||||||||||
Interest paid
|
$ | 0 | $ | 0 | $ | 0 | ||||||
Income taxes paid
|
$ | 0 | $ | 0 | $ | 0 |
Exhibit No.
|
Document Description
|
|
31.1
|
Section 302 Certification under Sarbanes-Oxley Act of 2002 of the Chief Executive Officer and Chief Financial Officer
|
|
32.1
|
Section 906 Certification under Sarbanes-Oxley Act of 2002 of the Chief Executive Officer and Chief Financial Officer
|
Date:
July 17, 2013
|
By:
/s/ Llorn Kylo
|
|
Llorn Kylo
|
||
President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director (Principal Executive Officer and Principal Financial and Accounting Officer)
|
1 Year Berkshire Homes (CE) Chart |
1 Month Berkshire Homes (CE) Chart |
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