We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
First America Resources Corporation (PK) | USOTC:FSTJ | 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% | 0.60 | 0.009 | 2.94 | 0.00 | 21:01:35 |
Nevada
|
5065
|
27-2563052
|
||
(State or other jurisdiction of
incorporation or organization)
|
(Primary Standard Industrial Classification
Code Number)
|
IRS I.D.
|
1000 East Armstrong Street
Morris, IL
|
60450
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Large accelerated filer
|
o
|
Accelerated filer
|
o
|
Non-accelerated filer
|
o
|
Smaller Reporting Company
|
x
|
PART I — FINANCIAL INFORMATION
|
|||||
Item 1.
|
Financial Statements
|
3 | |||
Item 2.
|
Management’s Discussion and Analysis or Plan of Operation.
|
21 | |||
Item 3.
|
Quantitative and Qualitative Disclosure about Market Risk.
|
26 | |||
Item 4.
|
Controls and Procedures.
|
26 | |||
PART II — OTHER INFORMATION
|
|||||
Item 1.
|
Legal Proceedings.
|
27 | |||
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds.
|
27 | |||
Item 3.
|
Defaults Upon Senior Securities.
|
27 | |||
Item 4.
|
Mine Safety Disclosures.
|
27 | |||
Item 5.
|
Other Information.
|
27 | |||
Item 6.
|
Exhibits.
|
28 |
Balance Sheet | 5 | |||
Statement of Loss | 6 | |||
Shareholders Equity | 7 | |||
Cash Flows | 8 | |||
Notes to Financial Statements | 9 | |||
Exhibit A | 20 |
Golden Oasis New Energy Group, Inc.
|
(A Development Stage Enterprise)
|
BALANCE SHEET
|
March 31
|
June 30
|
|||||||
2013
|
2012
|
|||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
$ | 472 | $ | 28,924 | ||||
Inventory
|
- | 13,831 | ||||||
Prepaid Rent
|
- | - | ||||||
Total Current Assets
|
$ | 472 | $ | 42,755 | ||||
TOTAL ASSETS
|
$ | 472 | $ | 42,755 | ||||
LIABILITIES & EQUITY
|
||||||||
Current liabilities:
|
||||||||
Account payable
|
$ | 3,500 | $ | - | ||||
Total current liabilities
|
$ | 3,500 | $ | - | ||||
Other current liabilities:
|
||||||||
Loan from shareholders
|
$ | 25,788 | $ | 24,213 | ||||
Sales Tax Payable
|
- | 94 | ||||||
Total other current liabilities
|
$ | 25,788 | $ | 24,307 | ||||
Total liabilities
|
$ | 29,288 | $ | 24,307 | ||||
Stockholders' Equity:
|
||||||||
Common stock, $0.001 par value;
|
||||||||
500,000,000 shares authorized;
|
||||||||
6,493,090 shares issued and outstanding.
|
$ | 6,494 | $ | 6,494 | ||||
Paid-in capital
|
112,780 | 112,780 | ||||||
Deficit accumulated during the development stage
|
(148,090 | ) | (100,826 | ) | ||||
Accumulated other comprehensive income (loss)
|
- | - | ||||||
Total stockholders' equity
|
$ | (28,816 | ) | $ | 18,448 | |||
TOTAL LIABILITIES & EQUITY
|
$ | 472 | $ | 42,755 |
Golden Oasis New Energy Group, Inc.
|
(A Development Stage Enterprise)
|
STATEMENT OF LOSS
|
Nine
Month Ended
|
Nine
Month Ended
|
Three
Month Ended
|
Three
Month Ended
|
Cumulative from
May 10, 2010 (Date
March 31,
|
||||||||||||||||
2013
|
2012
|
2013
|
2012
|
2013
|
||||||||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||||||||
Revenues
|
$ | 7,093 | $ | - | $ | - | $ | - | $ | 14,059 | ||||||||||
Cost of Goods Sold
|
$ | 4,423 | $ | - | $ | - | $ | - | $ | 10,131 | ||||||||||
Gross Profit
|
$ | 2,670 | $ | - | $ | - | $ | - | $ | 3,928 | ||||||||||
Operating expenses:
|
||||||||||||||||||||
Research and development
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Selling, general and administrative expenses
|
$ | 49,935 | $ | 59,486 | $ | 5,319 | $ | 34,528 | $ | 152,100 | ||||||||||
Depreciation and amortization expenses
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Total Operating Expenses
|
$ | 49,935 | $ | 59,486 | $ | 5,319 | $ | 34,528 | $ | 152,100 | ||||||||||
Operating Loss
|
$ | (47,265 | ) | $ | (59,486 | ) | $ | (5,319 | ) | $ | (34,528 | ) | $ | (148,172 | ) | |||||
Investment income, net
|
$ | 1 | $ | 9 | $ | - | $ | 3 | $ | 82 | ||||||||||
Interest Expense, net
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Loss before income taxes
|
$ | (47,264 | ) | $ | (59,477 | ) | $ | (5,319 | ) | $ | (34,525 | ) | $ | (148,090 | ) | |||||
Loss tax expense
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Net loss
|
$ | (47,264 | ) | $ | (59,477 | ) | $ | (5,319 | ) | $ | (34,525 | ) | $ | (148,090 | ) | |||||
Net loss per common share- Basics
|
$ | (0.01 | ) | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.02 | ) | |||||
Net loss per common share- Diluted
|
$ | 0.01 | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.00 | ) | ||||||
Other comprehensive loss, net of tax:
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Comprehensive income (loss)
|
$ | (47,264 | ) | $ | (59,477 | ) | $ | (5,319 | ) | $ | (34,525 | ) | $ | (148,090 | ) |
Golden Oasis New Energy Group, Inc.
|
(A Development Stage Enterprise)
|
STATEMENT OF STOCKHOLDERS EQUITY
|
The Period May 10, 2010 ( Date of Inception)
|
through March 31, 2013
|
Deficit
|
||||||||||||||||||||||||
Accumulated
|
Accumulated
|
|||||||||||||||||||||||
Additional
|
During the
|
Other
|
Total
|
|||||||||||||||||||||
Common Stock
|
Paid-in
|
Development
|
Comprehensive
|
Stockholders'
|
||||||||||||||||||||
Shares
|
Amount
|
Capital
|
Stage
|
Income (Loss)
|
Equity
|
|||||||||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to shareholders @0.005 per
|
||||||||||||||||||||||||
share on May 28 2010
|
5,000,000 | $ | 5,000 | $ | 20,000 | $ | 25,000 | |||||||||||||||||
Net loss for the period
|
||||||||||||||||||||||||
ended June 30, 2010
|
$ | (2,195 | ) | $ | (2,195 | ) | ||||||||||||||||||
Balance June 30, 2010
|
5,000,000 | $ | 5,000 | $ | 20,000 | $ | (2,195 | ) | $ | - | $ | 22,805 | ||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to shareholders @0.01 per
|
||||||||||||||||||||||||
share on December 23, 2010
|
611,500 | $ | 612 | $ | 5,503 | $ | 6,115 | |||||||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to Michael Williams @0.10 per
|
||||||||||||||||||||||||
share on March 31, 2011
|
100,000 | $ | 100 | $ | 9,900 | $ | 10,000 | |||||||||||||||||
Net loss for the period
|
||||||||||||||||||||||||
ended June 30, 2011
|
$ | (32,041 | ) | $ | (32,041 | ) | ||||||||||||||||||
Balance June 30, 2011
|
5,711,500 | $ | 5,712 | $ | 35,403 | $ | (34,236 | ) | - | 6,879 | ||||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to shareholders @0.10 per
|
||||||||||||||||||||||||
share on September 08, 2011
|
60,000 | $ | 60 | $ | 5,940 | $ | 6,000 | |||||||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to Pivo Associates @0.10 per
|
||||||||||||||||||||||||
share on June 13, 2012
|
50,000 | $ | 50 | $ | 4,950 | $ | 5,000 | |||||||||||||||||
Issuance of common stocks
|
||||||||||||||||||||||||
to Keming Li @0.10 per
|
||||||||||||||||||||||||
share on June 13, 2012
|
671,590 | $ | 672 | $ | 66,487 | $ | 67,159 | |||||||||||||||||
Net loss for the period
|
||||||||||||||||||||||||
ended June 30, 2012
|
$ | (66,590 | ) | $ | (66,590 | ) | ||||||||||||||||||
Balance June 30, 2012
|
6,493,090 | $ | 6,494 | $ | 112,780 | $ | (100,826 | ) | $ | - | $ | 18,448 | ||||||||||||
Net loss for the period
|
||||||||||||||||||||||||
ended March 31, 2013
|
$ | (47,264 | ) | $ | (47,264 | ) | ||||||||||||||||||
Balance March 31, 2013
|
6,493,090 | $ | 6,494 | $ | 112,780 | $ | (148,090 | ) | $ | - | $ | (28,816 | ) |
Golden Oasis New Energy Group, Inc.
|
(A Development Stage Enterprise)
|
STATEMENT OF CASH FLOWS
|
·
|
The seller's price to the buyer is substantially fixed or determinable at the date of sale.
|
·
|
The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product.
|
·
|
The buyer's obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product.
|
·
|
The buyer acquiring the product for resale has economic substance apart from that provided by the seller.
|
·
|
The seller does not have significant obligations for future performance to directly bring about resale of the product by the buyer.
|
·
|
The amount of future returns can be reasonably estimated.
|
·
|
Acts as principal in the transaction, Entity Is the Primary Obligor in the Arrangement. The Company will purchase the products from supplier(s) and will responsible for the acceptability of the products, store the products in our warehouse as inventory. The current leased property is a warehouse with office suite. For whole purchase and selling cycle, the Company acts as principal and primary obligator throughout the whole purchase to selling transaction.
|
·
|
Has risk and rewards of ownership, such as general inventory risk, risk of loss for collection, delivery and returns. Based on the signed distribution agreement, the supplier ship the products FOB at shipping point, after shipping, the Company will take care of the products loss, and after receiving the products the Company will store all products in leased warehouse and incur risk of loss inventory. After selling to customers, the Company is also responsible for risk of loss for delivery, return, and collection of receivable.
|
·
|
Takes title to the products. The Company will take title to the products before customers order them. The Company will retail its purchased products to general public through e-commerce or online selling. All customer orders and its shipments to customers will be responsible of the Company, not supplier(s).
|
·
|
Flexibility in pricing. The retail price to customers will be responsible of the Company according to the market competitions.
|
·
|
Assumes credit risk. The Company will assume collection and receivable risks.
|
·
|
The company can change the products or perform part of the service, and the Company is involved in the determination of products or service specifications based on customer’s needs. At the beginning of the Company’s development stage, the Company will not change the products. After the products purchased by the Company and stored in warehouse, the Company will display our products on our website or through e-bay, the interested customers will click the specific product items to complete purchase orders. After the development stage, the Company will develop its own design and will customize the products according to customers’ request.
|
Nine
Month Ended
|
Nine
Month Ended
|
Three
Month Ended
|
Three
Month Ended
|
Cumulative from
May 10, 2010 (Date
of Inception) Through
March 31,
|
||||||||||||||||
2013
|
2012
|
2013
|
2012
|
2013
|
||||||||||||||||
Professional Fees
|
||||||||||||||||||||
Accounting & Auditing Fees
|
$ | 21,000 | $ | 15,000 | $ | 1,000 | $ | 10,000 | $ | 36,000 | ||||||||||
Legal expenses
|
$ | 9,600 | $ | 23,600 | $ | 600 | $ | 12,000 | $ | 57,099 | ||||||||||
SEC filling fees
|
$ | 5,941 | $ | 2,306 | $ | 2,703 | $ | 137 | $ | 8,272 | ||||||||||
Transfer Agent Service
|
$ | 155 | $ | 155 | $ | 155 | ||||||||||||||
Professional Fees - Other
|
$ | 7,500 | $ | 7,542 | $ | 7,517 | $ | 20,017 | ||||||||||||
Total Professional Fees
|
$ | 44,196 | $ | 48,448 | $ | 4,458 | $ | 29,654 | $ | 121,543 |
Pronouncement
|
Issued
|
Title
|
||
ASC 855
|
May 2009
|
Subsequent Events
|
||
ASC 105
|
June 2009
|
The
FASB Accounting Standards Codification
and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162
|
||
ASC 820
|
August 2009
|
Fair Value Measurements and Disclosures – Measuring Liabilities at Fair Value
|
||
ASC 260
|
September 2009
|
Earnings per Share – Amendments to Section 260-10-S99
|
||
ASC 820
|
September 2009
|
Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent)
|
||
ASC 605
|
October 2009
|
Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements – a consensus of the FASB Emerging Issues Task Force
|
||
ASC 470
|
October 2009
|
Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance or Other Financing – a consensus of the FASB Emerging Issues Task Force
|
||
ASC 860
|
December 2009
|
Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets
|
||
ASC 505
|
January 2010
|
Accounting for Distributions to Shareholders with Components of Stock and Cash – a consensus of the FASB Emerging Issues Task Force
|
||
ASC 810
|
January 2010
|
Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification
|
||
ASC 718
|
January 2010
|
Compensation – Stock Compensation (Topic 718): Escrowed Share Arrangements and the Presumption of Compensation
|
||
ASC 820
|
January 2010
|
Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements
|
||
ASC 810
|
February 2010
|
Consolidation (Topic 810): Amendments for Certain Investment Funds
|
||
ASC 815
|
March 2010
|
Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives
|
||
ASC 310
Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses
|
July 2010
|
For public entities, the disclosures as of the end of a reporting period are
effective for interim and annual reporting periods ending on or after December 15, 2010. The disclosures about activity that occurs during a reporting period are effective for interim and annual reporting periods beginning on or after December
15, 2010.
For nonpublic entities, the disclosures are effective for annual reporting periods ending on or after December 15, 2011.
|
Name
|
Title
|
Share QTY
|
Date
|
% of Common Share
|
|||||||
Jian LI
|
CEO & President
|
5,387,925 |
2/6/2013
|
82.98 | % | ||||||
Total
|
5,387,925 | 82.98 | % |
Nine
Month Ended
|
Nine
Month Ended
|
Three
Month Ended
|
Three
Month Ended
|
Cumulative from
May 10, 2010 (Date
of Inception) Through
March 31,
|
||||||||||||||||
2013
|
2012
|
2013
|
2012
|
2013
|
||||||||||||||||
Expense
|
||||||||||||||||||||
Advertising and Promotion
|
$ | - | $ | - | $ | - | $ | 100 | ||||||||||||
Automobile expense
|
$ | 7 | $ | - | $ | 7 | $ | 7 | ||||||||||||
Bank Service Charges
|
$ | 273 | $ | 150 | $ | 28 | $ | 70 | $ | 627 | ||||||||||
Business Licenses and Permits
|
$ | 307 | $ | - | $ | - | $ | 881 | ||||||||||||
Computer and Internet Expense
|
$ | 419 | $ | 202 | $ | 971 | ||||||||||||||
Consulting Fee
|
||||||||||||||||||||
Custom Fees
|
$ | 300 | $ | 300 | ||||||||||||||||
Garbage Expense
|
$ | 115 | $ | 511 | $ | 115 | $ | 1,044 | ||||||||||||
Postage and Delivery
|
$ | 276 | $ | - | $ | 25 | $ | - | $ | 491 | ||||||||||
Professional Fees
|
$ | 44,196 | $ | 48,448 | $ | 4,458 | $ | 29,654 | $ | 121,543 | ||||||||||
Registration & License
|
$ | 125 | $ | 125 | $ | 125 | ||||||||||||||
Rent Expenses
|
$ | 4,394 | $ | 6,854 | $ | 600 | $ | 2,091 | $ | 20,883 | ||||||||||
Sales Tax Expenses
|
$ | - | $ | 83 | $ | - | $ | 94 | ||||||||||||
Utilities
|
$ | 166 | $ | 1,047 | $ | 339 | $ | 3,500 | ||||||||||||
Website Expense
|
$ | 83 | $ | 1,750 | $ | 1,750 | $ | 1,834 | ||||||||||||
Total Expense
|
$ | 49,935 | $ | 59,486 | $ | 5,319 | $ | 34,528 | $ | 152,100 |
Golden Oasis New Energy Group, Inc
|
|||||||||||||
Operating Expense Details
|
|||||||||||||
Cumulative from
|
|||||||||||||
May 10, 2010 (Date
|
|||||||||||||
Nine
March 31
Month Ended
|
Nine
March 31
Month Ended
|
of Inception) Through
March 31,
|
|||||||||||
2013
|
2012
|
2013
|
|||||||||||
Expense
|
|||||||||||||
Advertising and Promotion
|
$ | - | $ | 100 | |||||||||
Automobile expense
|
$ | 7 | $ | 7 | |||||||||
Bank Service Charges
|
$ | 273 | $ | 150 | $ | 627 | |||||||
Business Licenses and Permits
|
$ | 307 | $ | - | $ | 881 | |||||||
Computer and Internet Expense
|
$ | 419 | $ | 971 | |||||||||
Consulting Fee
|
|||||||||||||
Custom Fees
|
$ | 300 | |||||||||||
Garbage Expense
|
$ | 115 | $ | 511 | $ | 1,044 | |||||||
Postage and Delivery
|
$ | 276 | $ | - | $ | 491 | |||||||
Professional Fees
|
$ | 44,196 | $ | 48,448 | $ | 121,543 | |||||||
Registration & License
|
$ | 125 | $ | 125 | |||||||||
Rent Expenses
|
$ | 4,394 | $ | 6,854 | $ | 20,883 | |||||||
Sales Tax Expenses
|
$ | - | $ | 94 | |||||||||
Utilities
|
$ | 166 | $ | 1,047 | $ | 3,500 | |||||||
Website Expense
|
$ | 83 | $ | 1,750 | $ | 1,834 | |||||||
Total Expense
|
$ | 49,935 | $ | 59,486 | $ | 152,100 |
Golden Oasis New Energy Group, Inc.
|
||||||||
At March 31
|
At June 30
|
|||||||
2013
|
2012
|
|||||||
Current Ratio
|
0.02 | 1.76 | ||||||
Cash
|
$ | 472 | $ | 28,924 | ||||
Working Capital
|
$ | (28,816 | ) | $ | 18,448 | |||
Total Assets
|
$ | 472 | $ | 42,755 | ||||
Total Liabilities
|
$ | 29,288 | $ | 24,307 | ||||
Total Equity
|
$ | (28,816 | ) | $ | 18,448 | |||
Total Debt/Equity
|
-1.02 | 1.32 | ||||||
Current Ration = Current Asset / Current Liabilities
|
||||||||
Working Capital = Current asset - Current Liabilities
|
||||||||
Total Debt / Equity = Total Liabilities / Total Shareholders’ Equity.
|
(a)
|
Exhibits.
|
Exhibit No.
|
Document Description
|
|
31.1
|
CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
|
|
32.1 *
|
CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
|
Exhibit 101
|
Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**
|
|
101.INS
|
XBRL Instance Document**
|
|
101.SCH
|
XBRL Taxonomy Extension Schema Document**
|
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document**
|
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document**
|
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document**
|
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document**
|
Title
|
Name
|
Date
|
Signature
|
|||
Principal Executive Officer
|
Jian Li
|
May 13, 2013
|
/s/ Jian Li
|
SIGNATURE
|
NAME
|
TITLE
|
DATE
|
|||
/s/ Jian Li
|
Jian Li
|
Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer and Director
|
May 13, 2013
|
Exhibit No.
|
Document Description
|
|
31.1
|
CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
|
|
32.1 *
|
CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
|
Exhibit 101
|
Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**
|
|
101.INS
|
XBRL Instance Document**
|
|
101.SCH
|
XBRL Taxonomy Extension Schema Document**
|
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document**
|
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document**
|
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document**
|
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document**
|
1 Year First America Resources (PK) Chart |
1 Month First America Resources (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions