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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jetblack Corp (PK) | USOTC:JTBK | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00005 | -1.92% | 0.00255 | 0.0021 | 0.0026 | 0.0026 | 0.0021 | 0.0026 | 7,867,570 | 20:41:09 |
Jetblack Corp.
|
(Name of small business issuer in its charter)
|
Nevada
|
98-0379431
|
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
20 Broadwick Street, West End
London, UK
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W1F 8HT
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Title of each class
|
Name of each exchange on which registered
|
|
Nil
|
Nil
|
Common Shares, par value $0.001
|
(Title of class)
|
Large accelerated filer | o | Accelerated filer | o |
Non-accelerated filer | o | Smaller reporting company | x |
(Do not check if a smaller reporting company) |
General and Administrative
|
$ | 50,000 | ||
Website Development and Promotion
|
$ | 20,000 | ||
Total
|
$ | 70,000 |
Report of Independent Registered Public Accounting Firm, dated December 7, 2012. | F-1 | |||
Consolidated Balance Sheets at August 31, 2012 and 2011. | F-2 | |||
Consolidated Statements of Operations for the years ended August 31, 2012 and 2011, and for the period from April 17, 2002 (inception) to August 31, 2012. | F-3 | |||
Consolidated Statements of Shareholders’ Equity (Deficit) from April 17, 2002 (inception) to August 31, 2012. | F-4 | |||
Consolidated Statements of Cash Flows for the years ended August 31, 2012 and 2011 and the period from April 17, 2002 (inception) to August 31, 2012. | F-5 | |||
Notes to the Consolidated Financial Statements | F-6 |
Year Ended
August 31, 2012
|
Year Ended
August 31, 2011
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April 17, 2002 (Inception) to
August 31, 2012
|
||||||||||
$ | $ | $ | ||||||||||
REVENUE
|
– | – | 7,569 | |||||||||
COST OF GOODS SOLD
|
– | – | (1,333 | ) | ||||||||
GROSS PROFIT
|
– | – | 6,236 | |||||||||
EXPENSES
|
||||||||||||
Inventory write-down
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– | – | 1,400 | |||||||||
General and administrative
|
26,905 | 19,619 | 187,659 | |||||||||
Total Expenses
|
26,905 | 19,619 | 189,059 | |||||||||
Net Operating Loss
|
(26,905 | ) | (19,619 | ) | (182,823 | ) | ||||||
NET LOSS
|
(26,905 | ) | (19,619 | ) | (182,823 | ) | ||||||
NET LOSS PER SHARE:
BASIC AND DILUTED
|
(0.00 | ) | (0.00 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED
|
67,156,620 | 124,954,000 |
Common Stock
|
Additional
|
Subscription
|
Deficit Accumulated
During the
Development
|
|||||||||||||||||||||
Number | Amount | Paid-in Capital | Receivable | Stage | Total | |||||||||||||||||||
$
|
$
|
$
|
$
|
$
|
||||||||||||||||||||
Issuance of common stock for cash
|
108,000,000 | 108,000 | (106,000 | ) | – | – | 2,000 | |||||||||||||||||
Issuance of common stock for services
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5,400,000 | 5,400 | (5,300 | ) | – | – | 100 | |||||||||||||||||
Net loss
|
– | – | – | – | (2,124 | ) | (2,124 | ) | ||||||||||||||||
Balance, August 31, 2002
|
113,400,000 | 113,400 | (111,300 | ) | – | (2,124 | ) | (24 | ) | |||||||||||||||
Net loss
|
– | – | – | – | (3,265 | ) | (3,265 | ) | ||||||||||||||||
Balance, August 31, 2003
|
113,400,000 | 113,400 | (111,300 | ) | – | (5,389 | ) | (3,289 | ) | |||||||||||||||
Net loss
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– | – | – | – | (10,673 | ) | (10,673 | ) | ||||||||||||||||
Balance, August 31, 2004
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113,400,000 | 113,400 | (111,300 | ) | – | (16,062 | ) | (13,962 | ) | |||||||||||||||
Issuance of common stock for cash
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36,963,000 | 36,963 | 31,487 | – | – | 68,450 | ||||||||||||||||||
Net loss
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– | – | – | – | (6,866 | ) | (6,866 | ) | ||||||||||||||||
Balance, August 31, 2005
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150,363,000 | 150,363 | (79,813 | ) | – | (22,928 | ) | 47,622 | ||||||||||||||||
Issuance of common stock for acquisition of subsidiary
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299,700 | 300 | 255 | – | – | 555 | ||||||||||||||||||
Net loss
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– | – | – | – | (29,966 | ) | (29,966 | ) | ||||||||||||||||
Balance, August 31, 2006
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150,662,700 | 150,663 | (79,558 | ) | – | (52,894 | ) | 18,211 | ||||||||||||||||
Net loss
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– | – | – | – | (27,252 | ) | (27,252 | ) | ||||||||||||||||
Balance, August 31, 2007
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150,662,700 | 150,663 | (79,558 | ) | – | (80,146 | ) | (9,041 | ) | |||||||||||||||
Issuance of common stock for cash
|
450,000 | 450 | 14,550 | – | – | 15,000 | ||||||||||||||||||
Net loss
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– | – | – | – | (27,042 | ) | (27,042 | ) | ||||||||||||||||
Balance, August 31, 2008
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151,112,700 | 151,113 | (65,008 | ) | – | (107,188 | ) | (21,083 | ) | |||||||||||||||
Cash received for subscription
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– | – | 15,000 | – | – | 15,000 | ||||||||||||||||||
Net loss
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– | – | – | – | (13,485 | ) | (13,485 | ) | ||||||||||||||||
Balance, August 31, 2009
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151,112,700 | 151,113 | (50,008 | ) | – | (120,673 | ) | (19,568 | ) | |||||||||||||||
Issuance of common stock for cash
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1,500,000 | 1,500 | 23,500 | (12,822 | ) | – | 12,178 | |||||||||||||||||
Net loss
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– | – | – | – | (15,626 | ) | (15,626 | ) | ||||||||||||||||
Balance, August 31, 2010
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152,612,700 | 152,613 | (26,508 | ) | (12,822 | ) | (136,299 | ) | (23,016 | ) | ||||||||||||||
Issuance of common stock for cash
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677,900 | 678 | 17,667 | – | – | 18,345 | ||||||||||||||||||
Common stock returned to treasury and cancelled
|
(86,327,600 | ) | (86,328 | ) | 86,328 | – | – | – | ||||||||||||||||
Net loss
|
– | – | – | – | (19,619 | ) | (19,619 | ) | ||||||||||||||||
Balance, August 31, 2011
|
66,963,000 | 66,963 | 77,487 | (12,822 | ) | (155,918 | ) | (24,290 | ) | |||||||||||||||
Issuance of common stock for cash
|
389,000 | 389 | 49,611 | 12,822 | – | 62,822 | ||||||||||||||||||
Capital contribution – forgiveness of accrued interest
|
– | – | 1,397 | – | – | 1,397 | ||||||||||||||||||
Net loss
|
– | – | – | – | (26,905 | ) | (26,905 | ) | ||||||||||||||||
Balance, August 31, 2012
|
67,352,000 | 67,352 | 128,495 | – | (182,823 | ) | 13,024 |
Year Ended
August 31, 2012
|
Year Ended
August 31, 2011
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April 17, 2002 (Inception) to
August 31, 2012
|
||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||||
Net loss
|
$ | (26,905 | ) | $ | (19,619 | ) | $ | (182,823 | ) | |||
Adjustments to reconcile net loss to cash used by
|
||||||||||||
operating activities:
|
||||||||||||
Common stock issued for services
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– | – | 655 | |||||||||
Impairment
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– | – | 1,800 | |||||||||
Change in current assets and liabilities
|
||||||||||||
Inventory
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– | – | (1,800 | ) | ||||||||
Accounts payable and accrued expenses
|
(10,272 | ) | 364 | 9,108 | ||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES
|
(37,177 | ) | (19,255 | ) | (173,060 | ) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||||
Advances from (repayments to) shareholders
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(4,000 | ) | 910 | 910 | ||||||||
Proceeds from issuance of common stock
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62,822 | 18,345 | 193,795 | |||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
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58,822 | 19,255 | 194,705 | |||||||||
NET CHANGE IN CASH
|
21,645 | – | 21,645 | |||||||||
Cash, beginning of period
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– | – | – | |||||||||
Cash, end of period
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$ | 21,645 | $ | – | $ | 21,645 | ||||||
SUPPLEMENTAL CASH FLOW INFORMATION
|
||||||||||||
Interest paid
|
$ | – | $ | – | $ | – | ||||||
Income taxes paid
|
$ | – | $ | – | $ | – | ||||||
NON-CASH TRANSACTIONS
|
||||||||||||
Contributed capital – forgiveness of accrued interest
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$ | 1,397 | $ | – | $ | 1,397 | ||||||
Issuance of common stock for subscription receivable
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$ | – | $ | – | $ | 12,822 |
August 31, 2012
|
August 31, 2011
|
|||||||
Federal income tax provision (benefit) attributable to:
|
||||||||
Current operations
|
$ | 9,100 | $ | 6,600 | ||||
Less, change in valuation allowance
|
(9,100 | ) | (6,600 | ) | ||||
Net provision (benefit)
|
$ | - | $ | - |
July 31, 2012
|
July 31, 2011
|
|||||||
Deferred tax asset attributable to:
|
||||||||
Net operating loss carryover
|
$ | 61,500 | $ | 52,400 | ||||
Less, valuation allowance
|
(61,500 | ) | (52,400 | ) | ||||
Net deferred tax asset
|
$ | - | $ | - |
Name
|
Position Held with the
Company
|
Age
|
Date First Elected
or Appointed
|
|||
Nigel Farnsworth
|
President, Secretary & Director
|
59
|
May 3, 2011
|
(1)
|
filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or present of such a person, or any partnership in which he was a general partner at or within two yeas before the time of such filing, or any corporation or business association of which he was an executive officer within two years before the time of such filing;
|
(2)
|
was convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);
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(3)
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was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting the following activities: (i) acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliated person, director of any investment company, or engaging in or continuing any conduct or practice in connection with such activity; (ii) engaging in any type of business practice; (iii) engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodity laws;
|
(4)
|
was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity;
|
(5)
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was found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law and the judgment in subsequently reversed, suspended or vacate;
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(6)
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was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;
|
(7)
|
was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: (i) any Federal or State securities or commodities law or regulation; or (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or (iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity;
|
(8)
|
was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.
|
Beneficial Owner
|
Amount and Nature of
Beneficial Ownership
|
Percentage
of Class
(1)
|
||||
Nigel Farnsworth
|
21,672,400 common shares
|
32.18 | % | |||
Christopher Fagan
|
5,400,000 common shares
|
8.02 | % | |||
Eduardo Avila Castillo
|
3,510,000 common shares
|
5.21 | % | |||
Directors and Officers (as a group)
|
21,672,400 common shares
|
32.18 | % |
·
|
approved by our audit committee (which consists of entire Board of Directors); or
|
·
|
entered into pursuant to pre-approval policies and procedures established by the audit committee, provided the policies and procedures are detailed as to the particular service, the audit committee is informed of each service, and such policies and procedures do not include delegation of the audit committee's responsibilities to management.
|
(3) | Articles of Incorporation and By-laws |
3.1 | Articles of Incorporation (incorporated by reference from our Registration Statement on Form SB-2, filed on February 4, 2003). |
3.2 | Bylaws (incorporated by reference from our Registration Statement on Form SB-2, filed on February 4, 2003). |
(31) | Section 302 Certification |
31.1 | Certifications of Nigel Farnsworth |
(32) | Section 906 Certification |
32.1 | Certification of Nigel Farnsworth |
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
|
JETBLACK CORP. | |||
Date: December 13, 2012
|
By:
|
/s/ “Nigel Farnsworth” | |
Nigel Farnsworth, President, Secretary and Director
(Principal Executive
Officer, Principal Financial Officer
and Accounting Officer)
|
1 Year Jetblack (PK) Chart |
1 Month Jetblack (PK) Chart |
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