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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Horrison Resources Inc (CE) | USOTC:HRSR | 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% | 0.000001 | 0.00 | 01:00:00 |
SICHUAN LEADERS PETROCHEMICAL COMPANY
|
(Exact name of registrant as specified in its charter)
|
FLORIDA
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20-4138848
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|||
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(State or other jurisdiction of incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
|
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||||
11015 Gatewood Drive Unit 103 Lakewood Ranch, FL 34211
|
||||
(Address of principal executive offices, including zip code)
|
||||
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||||
(941) 907-6889
|
||||
(Registrant's telephone number, including area code)
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15500 Roosevelt Boulevard Suite 305 Clearwater, FL 33760
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(Former name, former address and former fiscal year, if changed since last report)
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Large accelerated filer.☐
|
Accelerated filer. ☐
|
Non-accelerated filer. ☐
(Do not check if a smaller reporting company)
|
Smaller reporting company. ☑
|
Page | ||
3 | ||
4 | ||
Item 1.
|
12 | |
Item 2.
|
15 | |
Item 3.
|
15 | |
Item 4.
|
||
Item 6.
|
16 | |
17 |
·
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our ability to raise capital;
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·
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our ability to identify suitable acquisition targets;
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·
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our ability to successfully execute acquisitions on favorable terms; and
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·
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declines in general economic conditions in the markets where we may compete
|
|
June 30, 2015
(unaudited)
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December 31, 2014
(audited)
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||||||
ASSETS
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||||||||
Current Assets:
|
||||||||
Cash and Cash Equivalents
|
$
|
83,940
|
$
|
23,092
|
||||
Prepaid Expenses
|
7,860
|
3,832
|
||||||
Total Current Assets
|
91,800
|
26,924
|
||||||
Total Assets:
|
91,800
|
26,924
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current Liabilities:
|
||||||||
Accounts Payable
|
-
|
3,795
|
||||||
Interest Payable
|
3,326
|
-
|
||||||
Loans from Shareholder
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110,000
|
-
|
||||||
Total Current Liabilities
|
113,326
|
3,795
|
||||||
Total Current Liabilities
|
113,326
|
3,795
|
||||||
Stockholders' Equity:
|
||||||||
Common Stock; $0.01 per share par value; 5,000,000,000 shares authorized; and 30,755,000 and 30,755,000 issued and outstanding at June 30, 2015 and December 31, 2014, respectively.
|
307,550
|
307,550
|
||||||
Additional Paid in Capital
|
(68,566
|
)
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(68,566
|
)
|
||||
Accumulated Deficit
|
(260,510
|
)
|
(215,855
|
)
|
||||
Total Stockholders' Equity (Deficit)
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(21,526
|
)
|
23,129
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|||||
Total Liabilities and Stockholders' Equity
|
$
|
91,800
|
$
|
26,924
|
Six Months Ended June 30,
|
Three Months Ended June 30,
|
|||||||||||||||
2015
(unaudited)
|
2014
(unaudited)
|
2015
(unaudited)
|
2014
(unaudited)
|
|||||||||||||
Revenue:
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||
Operating Expenses:
|
||||||||||||||||
General and Administrative Expense - Related Party
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28,014
|
-
|
8,964
|
-
|
||||||||||||
General and Administrative
|
16,641
|
15,008
|
8,070
|
7,728
|
||||||||||||
Operations Loss, Pre Tax
|
(44,655
|
)
|
(15,008
|
)
|
(17,034
|
)
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(7,728
|
)
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||||||||
Net Loss Continued Operations
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(44,655
|
)
|
(15,008
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)
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(17,034
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)
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(7,728
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)
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||||||||
Net Loss
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$
|
(44,655
|
)
|
$
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(15,008
|
)
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$
|
(17,034
|
)
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$
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(7,728
|
)
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||||
Basic and Diluted Net (Loss) per share:
|
||||||||||||||||
Continuing Operations
|
(0.00
|
)
|
(0.00
|
)
|
(0.00
|
)
|
(0.00
|
)
|
||||||||
Weighted average number of shares outstanding; Basic and Diluted
|
30,755,000
|
30,755,000
|
30,755,000
|
30,755,000
|
Six Months Ended June 30,
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||||||||
2015
(unaudited)
|
2014
(unaudited)
|
|||||||
Cash Flows from Operating Activities:
|
||||||||
Net Loss
|
$
|
(44,655
|
)
|
$
|
(15,008
|
)
|
||
Adjustments to reconcile net loss to net cash (used in) provided by operations:
|
||||||||
Changes in Operating Assets and Liabilities:
|
||||||||
Accounts Payable
|
(469
|
)
|
(848
|
)
|
||||
Prepaid Expenses
|
(4,028
|
)
|
1,963
|
|||||
Net Cash Flows Used in Operating Activities:
|
(49,152
|
)
|
(13,893
|
)
|
||||
Cash Flows from Financing Activities:
|
||||||||
Loans from (to) Related Party
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110,000
|
-
|
||||||
Loans from (to) Related Party
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(2,000
|
)
|
||||||
Repayment of loan from shareholder
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(44,122
|
)
|
||||||
Net Cash Provided by Financing Activities
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110,000
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(46,122
|
)
|
|||||
Change in Cash and Cash Equivalents:
|
60,848
|
(60,015
|
)
|
|||||
Cash and Cash Equivalents, Beginning of Period
|
23,092
|
134,762
|
||||||
Cash and Cash Equivalents, End of Period
|
$
|
83,940
|
$
|
74,747
|
||||
Supplemental Cash Flow Information:
|
||||||||
Cash paid for interest
|
-
|
-
|
||||||
Cash paid for taxes
|
-
|
-
|
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. |
Level 2 | Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable data by correlation or other means. |
Level 3 | Inputs that are both significant to the fair value measurement and unobservable. |
|
Six Month Period Ended June 30,
(Unaudited)
|
|||||||
|
2015
|
2014
|
||||||
Tax Expense (benefit) at the Statutory Rate
|
$
|
(15,200
|
)
|
$
|
(5,200
|
)
|
||
State Income Taxes, Net of Federal Income Tax Benefit
|
(1,500
|
)
|
(500
|
)
|
||||
Change in Valuation allowance
|
(16,700
|
)
|
(5,700
|
)
|
||||
Total
|
$
|
-
|
$
|
-
|
Six Months Ended June 30,
(Unaudited)
|
||||||||||||
|
2015
|
2014
|
% Change
|
|||||||||
Revenue
|
$
|
-
|
$
|
-
|
0
|
%
|
||||||
General and Administrative Expense – Related Party
|
28,014
|
-
|
100
|
%
|
||||||||
General and Administrative Expense
|
$
|
16,641
|
$
|
15,008
|
(11
|
%)
|
||||||
Loss from Operations
|
$
|
(44,655
|
)
|
$
|
(15,008
|
)
|
(198
|
%)
|
||||
Net Loss
|
$
|
(44,655
|
)
|
$
|
(15,008
|
)
|
(198
|
%)
|
Three Months Ended June 30, (Unaudited)
|
||||||||||||
|
2015
|
2014
|
% Change
|
|||||||||
Revenue
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||
General and Administrative Expense – Related Party
|
8,964
|
-
|
100
|
%
|
||||||||
General and Administrative Expense
|
8,070
|
7,728
|
(5
|
%)
|
||||||||
Loss from Operations
|
(17,034
|
)
|
(7,728
|
)
|
(121
|
%)
|
||||||
Net Loss
|
$
|
(17,034
|
)
|
$
|
(7,728
|
)
|
$
|
(121
|
%)
|
Exhibit No.
|
Description
|
3.1
|
Amended and Restated Articles of Incorporation *
|
3.2
|
Articles of Amendment to Articles of Incorporation **
|
3.3
|
By-Laws *
|
10.1
|
|
31
|
|
32
|
|
101
|
Financial statements from the quarterly report on Form 10-Q of Sichuan Leaders Petrochemical Company for the fiscal quarter ended June 30, 2015, formatted in XBRL: (i) the Balance Sheets; (ii) the Statements of Operations; (iii) the Statements of Cash Flows; and (iv) the Notes to Financial Statements Filed herewith
|
* | Incorporated herein by reference to Sichuan Leaders Petrochemical Company's Registration Statement on Form S-1filed with the SEC on August 7, 2012. |
|
|
|
SICHUAN LEADERS PETROCHEMICAL COMPANY
|
|
|
|
|
Dated July 28, 2015
|
/s/Andy Z. Fan
|
|
ANDY Z. FAN
|
|
Principal Executive Officer
|
|
|
SICHUAN LEADERS PETROCHEMICAL COMPANY
|
|
By: /s/ Andy Z Fan
Name: Andy Z. Fan
Title: President
|
AF OCEAN INVESTMENT MANAGEMENT COMPANY
|
|
By: /s/ Tina Donnelly
Name: Tina Donnelly
Title: Secretary
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Sichuan Leaders Petrochemical Company;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have;
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
|
5.
|
I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weakness in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
|
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
July 28, 2015
|
/s/ Andy Z. Fan
|
|
Andy Z. Fan
|
||
Principal Executive Officer
|
||
Principal Financial Officer
|
|
(1)
|
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
|
(2)
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
|
Date: July 28, 2015 |
/s/ Andy Z. Fan
|
|
|
Name: Andy Z. Fan | |
|
Title: Chief Executive Officer
Chief Financial Officer
|
|
|
|
1 Year Horrison Resources (CE) Chart |
1 Month Horrison Resources (CE) Chart |
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