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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Natural Health Farm Holdings Inc (CE) | USOTC:NHEL | 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% | 0.0001 | 0.00 | 01:00:00 |
NEVADA
|
|
|
|
98-1032170
|
(State or other jurisdiction of
incorporation or organization) |
|
|
|
(I.R.S. Employer
Identification No.) |
Large accelerated filer
|
☐
|
Accelerated filer
|
☐
|
Non-accelerated filer
|
☐
|
Smaller reporting company
|
☒
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Emerging growth company
|
☒
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Page No.
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PART I. |
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|
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Item 1. Financial Statements. |
1
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|
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Condensed Balance Sheets as of March 31, 2018 (Unaudited) and September 30, 2017
|
1
|
|
|
|
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Condensed Statements of Operations for the Three Months and Six Months ended March 31, 2018 and 2017 (Unaudited)
|
2
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Condensed Statements of Cash Flows for the Six Months ended March 31, 2018 and 2017 (Unaudited)
|
3
|
|
|
|
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Notes to Unaudited Condensed Financial Statements
|
4
|
|
|
|
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Item 2. Management’s Discussion and Analysis or Plan of Operation
|
10
|
|
|
|
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Item 3. Quantitative and Qualitative Disclosures About Market Risks.
|
12
|
|
|
|
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Item 4. Controls and Procedures
|
12
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|
|
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PART II. |
|
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Item 1. Legal Proceedings.
|
13
|
|
|
|
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Item 1A. Risk Factors.
|
13
|
|
|
|
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
|
13
|
|
|
|
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Item 3. Defaults Upon Senior Securities.
|
13
|
|
|
|
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Item 4. Mine Safety Disclosures.
|
13
|
|
|
|
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Item 5. Other Information.
|
13
|
|
|
|
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Item 6. Exhibits.
|
13
|
|
|
|
|
SIGNATURES |
14
|
|
|
|
|
EXHIBIT INDEX |
15
|
NATURAL HEALTH FARM HOLDINGS INC.
|
CONDENSED BALANCE SHEETS
|
NATURAL HEALTH FARM HOLDINGS INC.
|
CONDENSED STATEMENTS OF OPERATIONS
|
(UNAUDITED)
|
|
For the Three Months Ended March 31,
|
For the Six Months Ended March 31,
|
||||||||||||||
|
2018
|
2017
|
2018
|
2017
|
||||||||||||
|
||||||||||||||||
Revenues – related parties
|
$
|
6,493
|
$
|
-
|
$
|
8,492
|
$
|
-
|
||||||||
Revenues – non-related parties
|
2,973
|
-
|
2,973
|
-
|
||||||||||||
Total Revenues
|
9,466
|
-
|
11,465
|
-
|
||||||||||||
Cost of Goods Sold
|
3,488
|
-
|
4,094
|
-
|
||||||||||||
|
||||||||||||||||
Gross Profit
|
5,978
|
-
|
7,371
|
-
|
||||||||||||
|
||||||||||||||||
Operating Expenses:
|
||||||||||||||||
Consulting fees
|
20,050
|
4,905
|
35,614
|
9,145
|
||||||||||||
Legal and filing fees
|
20,810
|
-
|
23,715
|
-
|
||||||||||||
Other general and administrative
|
8,147
|
-
|
8,147
|
-
|
||||||||||||
Total Operating Expenses
|
49,007
|
4,905
|
67,476
|
9,145
|
||||||||||||
|
||||||||||||||||
Loss from Operations
|
(43,029
|
)
|
(4,905
|
)
|
(60,105
|
)
|
(9,145
|
)
|
||||||||
|
||||||||||||||||
Other Income (Expense)
|
-
|
-
|
-
|
-
|
||||||||||||
|
||||||||||||||||
Loss Before Provision For Income Tax
|
(43,029
|
)
|
(4,905
|
)
|
(60,105
|
)
|
(9,145
|
)
|
||||||||
|
||||||||||||||||
Provision for Income Tax
|
-
|
-
|
-
|
-
|
||||||||||||
|
||||||||||||||||
Net Loss
|
$
|
(43,029
|
)
|
$
|
(4,905
|
)
|
$
|
(60,105
|
)
|
$
|
(9,145
|
)
|
||||
|
||||||||||||||||
Basic and Dilutive Net Loss Per Share
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
||||
|
||||||||||||||||
Weighted Average Number of Shares
Outstanding - Basic and Diluted
|
150,794,444
|
150,150,000
|
150,468,681
|
150,150,000
|
NATURAL HEALTH FARM HOLDINGS INC.
|
CONDENSED STATEMENTS OF CASH FLOWS
|
(UNAUDITED)
|
For the Six Months Ended March 31,
|
||||||||
2018
|
2017
|
|||||||
Cash Flows from Operating Activities:
|
||||||||
Net Loss
|
$
|
(60,105
|
)
|
$
|
(9,145
|
)
|
||
Adjustment to reconcile net loss to net cash provided by
(used in) operating activities
|
||||||||
Amortization of computer software costs
|
4,094
|
-
|
||||||
Common stock issued to consultants for services
|
20,000
|
|||||||
Changes in operating assets and liabilities
|
||||||||
(Increase) in prepaid expense
|
-
|
(4,286
|
)
|
|||||
Increase in accounts payable
|
6,627
|
-
|
||||||
Increase in accrued expense
|
1,930
|
-
|
||||||
Increase in deferred revenue
|
129,535
|
-
|
||||||
Net Cash Flows Provided by (Used in) Operating Activities
|
102,081
|
(13,431
|
)
|
|||||
Cash Flows from Investing Activities
|
||||||||
Purchase of computer software
|
(41,850
|
)
|
-
|
|||||
Net Cash Flows Used in Investing Activities
|
(41,850
|
)
|
-
|
|||||
Cash Flows from Financing Activities
|
||||||||
Payable to affiliate
|
20,770
|
8,526
|
||||||
Cash advance from director
|
500
|
4,905
|
||||||
Contributed capital
|
35,537
|
|||||||
Net Cash Flows Provided by Financing Activities
|
56,807
|
13,431
|
||||||
Net Increase in Cash and Cash Equivalents
|
117,038
|
-
|
||||||
Cash and Cash Equivalents, Beginning of the Period
|
-
|
-
|
||||||
Cash and Cash Equivalents, End of the Period
|
$
|
117,038
|
$
|
-
|
||||
Supplemental Disclosures of Cash Flow Information:
|
||||||||
Cash paid for Income Taxes
|
$
|
-
|
$
|
-
|
||||
Cash paid for Interest
|
$
|
-
|
$
|
-
|
||||
Supplemental disclosures of non-cash investing and financing activities:
|
||||||||
Forgiveness of debt by a former director
|
$
|
-
|
$
|
9,247
|
Description
|
Level 1
|
Level 2
|
Level 3
|
||||||||||
None
|
$
|
-
|
$
|
-
|
$
|
-
|
Description
|
Level 1
|
Level 2
|
Level 3
|
||||||||||
None
|
$
|
-
|
$
|
-
|
$
|
-
|
|
Balance at
September 30, 2017
|
Additions
|
Amortization
|
Balance at
March 31, 2018
|
||||||||||||
|
||||||||||||||||
Computer Software Costs, net
|
$
|
-
|
$
|
41,850
|
$
|
(4,094
|
)
|
$
|
37,756
|
Year ending September 30,
|
Amount
|
|||
2018
|
$
|
6,975
|
||
2019
|
13,950
|
|||
2020
|
13,950
|
|||
2021
|
2,881
|
|||
Total
|
$
|
37,756
|
|
Balance
March 31, 2018
|
Balance
September 30,
2017 |
||||||
|
(Unaudited)
|
|||||||
Payable to affiliate
|
$
|
98,837
|
$
|
78,067
|
||||
Total
|
$
|
98,837
|
$
|
78,067
|
Item 2.
|
Management’s Discussion and Analysis or Plan of Operation
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risks.
|
Item 4.
|
Controls and Procedures.
|
Item 1.
|
Legal Proceedings.
|
Item 1A.
|
Risk Factors.
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds.
|
Item 3.
|
Defaults Upon Senior Securities.
|
Item 4.
|
Mine Safety Disclosures.
|
Item 5.
|
Other Information.
|
Item 6.
|
Exhibits.
|
Exhibit
|
|
Item
|
|
|
|
31.1
|
|
Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
|
|
|
|
31.2
|
|
Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
|
|
|
|
32.1
|
|
Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
Natural Health Farm Holdings Inc.
|
|
|
Date: May 11, 2018
|
/s/ Tee Chuen Meng
|
|
Tee Chuen Meng, President
(Principal Executive Officer and Principal Accounting Officer)
|
Exhibit
|
|
Item
|
|
|
|
31.1
|
|
Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
|
|
|
|
31.2
|
|
Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
|
|
|
|
32.1
|
|
Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
1 Year Natural Health Farm (CE) Chart |
1 Month Natural Health Farm (CE) Chart |
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