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Share Name | Share Symbol | Market | Type |
---|---|---|---|
DKG Capital Inc (CE) | USOTC:DKGH | 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% | 0.0002 | 0.00 | 01:00:00 |
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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NEVADA
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46-3787845
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(State or other jurisdiction of
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(I.R.S. Employer
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incorporation or organization)
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Identification No.)
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Large accelerated filer
☐
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|
Accelerated filer
☐
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Non-accelerated filer
☐
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Smaller reporting company
☒
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(Do not check if smaller reporting company)
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Emerging growth company
☒
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PART I FINANCIAL INFORMATION
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||
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Page
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ITEM 1.
FINANCIAL STATEMENTS
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||
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||
Balance Sheets (Unaudited) at June 30, 2017 and December 31, 2016
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3
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|
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||
Statements of Operations (Unaudited) for the three and six months ended June 30, 2017 and 2016
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4
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|
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||
Statements of Cash Flows (Unaudited) for the six months ended June 30, 2017 and 2016
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5
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|
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||
Notes to the Financial Statements (Unaudited)
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6
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|
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ITEM 2
. Management's Discussion and Analysis and Plan of Operation
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8
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ITEM 3
. Quantitative and Qualitative Disclosures About Market Risk
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10
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ITEM 4.
Controls and Procedures
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10
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PART II OTHER INFORMATION
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||
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ITEM 1A
. Risk Factors
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11
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|
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ITEM 6.
Exhibits
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11
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|
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INDEX TO EXHIBITS
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11
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SIGNATURES
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11
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June 30,
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December 31,
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|||||||
2017
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2016
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|||||||
ASSETS
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||||||||
Total assets
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$
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-
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$
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-
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||||
LIABILITIES AND STOCKHOLDERS' DEFICIT
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||||||||
Current liabilities
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||||||||
Accounts payable and accrued liabilities
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$
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2,500
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$
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8,500
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||||
Amount due to former director
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2,306
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2,306
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||||||
Amount due to shareholder
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16,648
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-
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||||||
Total current liabilities
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21,454
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10,806
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||||||
Stockholders' deficit
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||||||||
Common stock, 5,000,000,000 shares authorized, at
$0.001 par value, 14,893,714 shares issued and outstanding, respectively |
14,894
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14,894
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||||||
Additional paid-in capital
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2,782,620
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2,782,620
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||||||
Accumulated deficit
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(2,818,968
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)
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(2,808,320
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)
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||||
Total stockholders' deficit
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(21,454
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)
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(10,806
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)
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||||
Total liabilities and stockholders' deficit
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$
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-
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$
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-
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For the Three Months ended
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For the Six Months ended
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||||||||||||||
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June 30,
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June 30,
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||||||||||||||
2017
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2016
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2017
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2016
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|||||||||||||
Operating expenses
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||||||||||||||||
General and administrative
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$
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1,500
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$
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10,167
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$
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10,648
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$
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17,540
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||||||||
Total operating expenses
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1,500
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10,167
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10,648
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17,540
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||||||||||||
Loss from operations
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(1,500
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)
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(10,167
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)
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(10,648
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)
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(17,540
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)
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||||||||
Other expenses
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||||||||||||||||
Interest expense
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-
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-
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-
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(500
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)
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|||||||||||
Total other expenses
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-
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-
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-
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(500
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)
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|||||||||||
Loss before provision for income taxes
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(1,500
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)
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(10,167
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)
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(10,648
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)
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(18,040
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)
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||||||||
Net loss
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$
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(1,500
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)
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$
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(10,167
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)
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$
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(10,648
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)
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$
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(18,040
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)
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Basic and diluted net loss per common share
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$
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(0.00
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)
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$
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(0.00
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)
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$
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(0.00
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)
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$
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(0.00
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)
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||||
Weighted average common shares outstanding
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||||||||||||||||
Basic and diluted
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14,893,714
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14,893,714
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14,893,714
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14,893,714
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For the Six Months ended
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||||||||
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June 30,
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|||||||
2017
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2016
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|||||||
Cash flow from operating activities
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||||||||
Net loss
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$
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(10,648
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)
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$
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(18,040
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)
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Adjustment to reconcile net loss to cash used in operating activities
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||||||||
Amortization of intangible asset
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-
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1,067
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||||||
Change in assets and liabilities
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||||||||
Increase (decrease) in accounts payables and accruals
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10,648
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498
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||||||
Net cash used in operating activities
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-
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(16,475
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)
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|||||
Cash flows from financing activities
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||||||||
Net proceeds from note payable-related party
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-
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9,210
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||||||
Net cash provided by financing activities
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-
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9,210
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||||||
Net decrease in cash
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-
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(7,265
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)
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|||||
Cash, beginning
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-
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11,651
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||||||
Cash, ending
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$ |
$
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4,386
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|||||
Supplementary information
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||||||||
Cash paid:
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||||||||
Interest
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$
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-
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$
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-
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||||
Income taxes
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$
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-
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$
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-
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||||
Non-cash Investing and Financing Activities:
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||||||||
Former related party notes and payables forgiven
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$
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-
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$
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93,515
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||||
Due to shareholder for payment of expenses on behalf of the Company
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16,648
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-
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· |
our marketing plan;
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· |
our plans to hire industry experts and expand our management team;
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· |
our beliefs regarding the future of our competitors;
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· |
our anticipated development schedule;
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· |
the anticipated benefits of our product;
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· |
our expectation that the demand for our products will eventually increase; and
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· |
our expectation that we will be able to raise capital when we need it.
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· |
general economic and business conditions;
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· |
we may have product liability claims;
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· |
we may not be successful in commercialization of our products;
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· |
regulatory changes may hurt the market for our products;
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· |
we may not be able to protect our intellectual property rights;
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· |
our auditors have issued a going concern opinion regarding our company;
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· |
competition for, among other things, capital, products and skilled personnel; and
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· |
other factors discussed under the section entitled "Risk Factors",
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EXHIBIT
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NUMBER
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DOCUMENT DESCRIPTION
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31.1
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32.1
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101.INS
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XBRL Instance Document*
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101.SCH
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XBRL Taxonomy Extension Schema Document*
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101.CAL
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XBRL Taxonomy Extension Calculation Linkbase Document*
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101.DEF
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XBRL Taxonomy Extension Definition Linkbase Document*
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101.LAB
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XBRL Taxonomy Extension Label Linkbase Document*
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101.PRE
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XBRL Taxonomy Extension Presentation Linkbase Document*
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DKG CAPITAL INC.
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BY:
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Tesheb Casimir
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/s/
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Tesheb Casimir
|
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Principal Executive Officer
|
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Principal Financial Officer and
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Principal Accounting Officer
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1 Year DKG Capital (CE) Chart |
1 Month DKG Capital (CE) Chart |
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