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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Optec International Inc (PK) | USOTC:OPTI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00005 | 2.17% | 0.00235 | 0.0023 | 0.0024 | 0.0025 | 0.0022 | 0.0023 | 16,720,265 | 20:56:13 |
Wyoming
|
7812
|
45-5552519
|
(State or other jurisdiction of
incorporation or organization)
|
(Primary Standard Industrial
Classification Code Number)
|
(I.R.S. Employer Identification
Code Number)
|
Securities registered under Section 12(b) of the Exchange Act:
None
|
Securities registered under Section 12(g) of the Exchange Act:
None
|
Large accelerated filer
|
o
|
Accelerated filer
|
o
|
|
|
|
|
Non-accelerated filer
(Do not check if a smaller reporting company)
|
o
|
Smaller reporting company
|
x
|
Emerging growth company | ☒ |
ITEM 1. DESCRIPTION OF BUSINESS.
|
3
|
ITEM 1A. RISK FACTORS
|
12
|
ITEM 2. DESCRIPTION OF PROPERTY.
|
12
|
ITEM 3. LEGAL PROCEEDINGS.
|
12
|
ITEM 4. MINE SAFETY DISCLOSURES.
|
12
|
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
|
13
|
ITEM 6. SELECTED FINANCIAL DATA.
|
13
|
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
|
14
|
ITEM 8. FINANCIAL STATEMENTS.
|
19
|
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
|
32
|
ITEM 9A. CONTROLS AND PROCEDURES.
|
32
|
ITEM 9B OTHER INFORMATION
|
33
|
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.
|
34
|
ITEM 11. EXECUTIVE COMPENSATION.
|
35
|
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.
|
36
|
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
|
36
|
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
|
37
|
ITEM 15. EXHIBITS AND REPORTS ON FORM 8-K
|
37
|
|
|
SIGNATURE PAGE
|
38
|
YEAR
|
(billion $)
|
|||
2014
|
$
|
58.51 Estimated | ||
2013
|
$
|
55.72
|
||
2012
|
$
|
53.33
|
||
2011
|
$
|
50.96
|
||
2010
|
48.35
|
|||
2009
|
$
|
45.50
|
||
2008
|
$
|
43.20
|
||
2007
|
$
|
41.20
|
||
2006
|
$
|
38.5
|
||
2005
|
$
|
36.30
|
||
2004
|
$
|
34.40
|
||
2003
|
$
|
32.40
|
||
2002
|
$
|
29.50
|
||
2001
|
$
|
28.50
|
||
1998
|
$
|
23
|
||
1996
|
$
|
21
|
||
1994
|
$
|
17
|
||
|
Breakdown
|
(billion $)
|
|||
Food
|
$
|
22.62
|
||
Supplies/OTC Medicine
|
$
|
13.72
|
||
Vet Care
|
$
|
15.25
|
||
Live animal purchases
|
$
|
2.19
|
||
Pet Services: grooming & boarding
|
$
|
4.73
|
Breakdown:
|
(billion $)
|
|||
Food
|
$
|
21.57
|
||
Supplies/OTC Medicine
|
$
|
13.14
|
||
Vet Care
|
$
|
14.37
|
||
Live animal purchases
|
$
|
2.23
|
||
Pet Services: grooming & boarding
|
$
|
4.41
|
|
●
|
Product selection and availability, including the availability of prescription and non-prescription medications;
|
|
●
|
Brand recognition;
|
|
●
|
Reliability and speed of delivery;
|
|
●
|
Personalized service and convenience;
|
|
●
|
Price; and
|
|
●
|
Quality of website content.
|
|
●
|
All natural product;
|
|
●
|
With our formula, a chewable tablet that pets will potentially eat as they would a treat;
|
|
●
|
unique "niche" products inclusive of our Green Meadow PR formula as well as out PawPal.
|
|
defamation;
|
|
invasion of privacy;
|
|
copyright infringement;
|
|
actions for royalties and accountings;
|
|
trademark misappropriation;
|
|
trade secret misappropriation;
|
|
breach of contract;
|
|
negligence; and/or
|
|
other claims based on the nature and content of the materials distributed.
|
Year Ended June 30, 2017*
|
High Bid
|
Low Bid
|
||||||
2017
|
||||||||
Year ended June 30, 2017
|
$
|
3.00
|
$
|
0.20
|
|
Year End June 30
|
Year End June 30
|
||||||
|
2017
|
2016
|
||||||
Balance Sheet Data
:
|
||||||||
|
||||||||
Cash
|
$
|
342
|
8,977
|
|||||
Total assets
|
$
|
17,688
|
25,699
|
|||||
Total liabilities
|
$
|
7,000
|
5,000
|
|||||
Retained earnings (accumulated deficit)
|
$
|
(42,762
|
)
|
(32,751
|
)
|
|||
|
||||||||
Operating Data
:
|
||||||||
|
||||||||
Revenue
|
$
|
24,200
|
30,875
|
|||||
Cost of revenue
|
$
|
7,000
|
12,000
|
|||||
Operating expenses
|
$
|
27,211
|
51,806
|
|||||
Income tax expense (benefit)
|
$
|
-
|
-
|
|||||
Net income (loss)
|
$
|
(10,011
|
)
|
(32,931
|
)
|
ITEM 8.
|
FINANCIAL STATEMENTS
|
Reports of Registered Independent Accounting Firms
|
21
|
Financial Statements
|
|
Balance Sheet as of June 30, 2017 and 2016
|
22
|
Statements of Operations for the years ended June 30, 2017 and 2016
|
23
|
Statements of Changes in Stockholders' Equity for years ended June 30, 2017 and 2016
|
24
|
Statements of Cash Flows for years ended June 30, 2017 and 2016
|
25
|
Notes to the Audited Financial Statements
|
26
|
|
||||||||
|
June 30, 2017
|
June 30, 2016
|
||||||
|
||||||||
Assets
|
||||||||
Current Assets
|
||||||||
Cash
|
$
|
342
|
$
|
8,977
|
||||
Accounts Receivable
|
4,700
|
-
|
||||||
|
||||||||
Total Current Assets
|
5,042
|
8,977
|
||||||
Other Assets
|
||||||||
Web development costs, net of accumulated amortization of $8,500 and $5,500 respectively.
|
6,500
|
9,500
|
||||||
Other intangible assets, net of accumulated amortization of $4,604 and $3,528 respectively.
|
6,146
|
7,222
|
||||||
|
||||||||
Total Assets
|
17,688
|
$
|
25,699
|
|||||
|
||||||||
Liabilities And Stockholders' Equity
|
||||||||
|
||||||||
Current Liabilities
|
||||||||
Accounts payable
|
$
|
7,000
|
$
|
5,000
|
||||
Total Current Liabilities
|
7,000
|
5,000
|
||||||
|
||||||||
Total Liabilities
|
7,000
|
5,000
|
||||||
Commitments and Contingencies
|
-
|
-
|
||||||
Stockholders' Equity
|
||||||||
Common stock $0.001 par value 75,000,000 shares authorized 52,944,500 shares issued and outstanding
|
52,945
|
52,945
|
||||||
Additional paid-in-capital
|
505
|
505
|
||||||
Retained earnings (accumulated deficit)
|
(42,762
|
)
|
(32,751
|
)
|
||||
Total Stockholders' Equity
|
10,688
|
20,699
|
||||||
|
||||||||
Total Liabilities and Stockholders' Equity
|
$
|
17,688
|
$
|
25,699
|
||||
|
|
||||||||
|
Year ended
|
Year ended
|
||||||
|
June 30, 2017
|
June 30, 2016
|
||||||
|
||||||||
Revenue
|
||||||||
Sub license and service agreements
|
$
|
12,000
|
$
|
15,000
|
||||
Pet products
|
12,200
|
15,875
|
||||||
Total Revenue
|
24,200
|
30,875
|
||||||
|
||||||||
Cost of goods sold
|
7,000
|
12,000
|
||||||
|
||||||||
Gross profit
|
17,200
|
18,875
|
||||||
|
||||||||
Operating Expenses
|
||||||||
Professional fees
|
16,486
|
29,825
|
||||||
Advertising and marketing
|
5,075
|
6,000
|
||||||
Amortization
|
4,076
|
4,076
|
||||||
Consulting
|
1,500
|
11,000
|
||||||
General and administrative
|
74
|
905
|
||||||
Total Operating Expenses
|
27,211
|
51,806
|
||||||
|
||||||||
Income (loss) before taxes
|
(10,011
|
)
|
(32,931
|
)
|
||||
|
||||||||
Income tax expense (benefit)
|
-
|
-
|
||||||
|
||||||||
Net Income (loss)
|
$
|
(10,011
|
)
|
$
|
(32,931
|
)
|
||
|
||||||||
Income (loss) Basic and Diluted
|
$
|
(0.00
|
)*
|
$
|
(0.00
|
)*
|
||
|
||||||||
Weighted Average of Common Shares Outstanding - Basic and Diluted
|
52,944,500
|
52,944,500
|
||||||
|
||||||||
|
|
Common Stock Number
of Shares (1)
|
Amount (1)
|
Additional Paid
in Capital (1)
|
Accumulated
Earnings (Deficit)
|
Total
|
|||||||||||||||
Balance, June 30, 2015
|
52,944,500
|
$
|
52,945
|
$
|
505
|
$
|
180
|
$
|
53,630
|
|||||||||||
Net loss for the year ended June 30, 2016
|
-
|
-
|
-
|
(32,931
|
)
|
(32,931
|
)
|
|||||||||||||
Balance, June 30, 2016
|
52,944,500
|
$
|
52,945
|
$
|
505
|
$
|
(32,751
|
)
|
$
|
20,699
|
||||||||||
Net loss for the year ended June 30, 2017
|
-
|
-
|
-
|
(10,011
|
)
|
(10,011
|
)
|
|||||||||||||
Balance, June 30, 2017
|
52,944,500
|
$
|
52,945
|
$
|
505
|
$
|
(42,762
|
)
|
$
|
10,688
|
|
Year Ended
|
Year Ended
|
||||||
|
June 30, 2017
|
June 30, 2016
|
||||||
|
||||||||
Cash Flows from Operating Activities
|
||||||||
Net income (loss)
|
$
|
(10,011
|
)
|
$
|
(32,931
|
)
|
||
Adjustments to Reconcile Net Income (Loss) To Net Cash
Provided by (Used In) Operating Activities: |
||||||||
Amortization expense
|
4,076
|
4,076
|
||||||
Stock issued for services
|
-
|
-
|
||||||
Changes in operating assets and liabilities
|
||||||||
Inventory
|
-
|
-
|
||||||
Accounts Receivable
|
(4,700
|
)
|
||||||
Accounts payable
|
2,000
|
4,702
|
||||||
Income tax Benefit
|
-
|
(32
|
)
|
|||||
|
||||||||
Net Cash Provided by (Used in) Operating Activities
|
(8,635
|
)
|
(24,185
|
)
|
||||
|
||||||||
Net Cash Provided by (Used in) Operating Activities
|
(8,635
|
)
|
(24,185
|
)
|
||||
|
||||||||
Cash Flows from Investing Activities
|
-
|
-
|
||||||
Net Cash used in Investing Activities
|
-
|
-
|
||||||
|
||||||||
Cash Flows from Financing Activities
|
-
|
-
|
||||||
Net Cash Provided by Financing Activities
|
-
|
-
|
||||||
|
||||||||
Increase (decrease) in Cash
|
(8,635
|
)
|
(24,185
|
)
|
||||
|
||||||||
Cash at Beginning of Year
|
8,977
|
33,162
|
||||||
|
||||||||
Cash at End of Year
|
$
|
342
|
$
|
8,977
|
||||
|
||||||||
Supplemental disclosure
|
||||||||
Cash paid for Interest
|
$
|
-
|
$
|
-
|
||||
Cash paid for income taxes
|
$
|
-
|
$
|
-
|
||||
|
||||||||
|
|
June 30, 2017
|
June 30, 2016
|
||||||||||||||
|
$ |
|
%
|
$ |
|
%
|
||||||||||
Total licensing revenue
|
12,200
|
50.4
|
15,000
|
48.6
|
||||||||||||
Total product revenue
*
|
12,000
|
49.6
|
15,875
|
51.4
|
||||||||||||
Total revenue
|
24,200
|
100
|
30,875
|
100
|
||||||||||||
|
||||||||||||||||
Total licensing revenue
|
||||||||||||||||
Customer A
|
5,000
|
16.1
|
||||||||||||||
Customer B
|
7,100
|
29.4
|
—
|
—
|
||||||||||||
Customer C
|
5,100
|
21.0
|
10,000
|
32.5
|
||||||||||||
Customer D
|
-
|
-
|
-
|
-
|
||||||||||||
Customer E
|
-
|
-
|
-
|
-
|
||||||||||||
Concentration total
|
12,200
|
50.4
|
15,000
|
48.6
|
|
June 30, 2017
|
June 30, 2016
|
||||||
|
||||||||
Net operating loss carry forward
|
$
|
6,414
|
$
|
4,913
|
||||
Valuation allowance
|
(6,414
|
)
|
(4,913
|
)
|
||||
|
$
|
-
|
$
|
-
|
|
June 30, 2017
|
June 30, 2016
|
||||||
|
||||||||
Tax Benefit at statutory rate
|
$
|
1,501
|
$
|
4,940
|
||||
Change in Valuation allowance
|
(1,501
|
)
|
(4,940
|
)
|
||||
|
$
|
-
|
$
|
-
|
Name and Principal Position
|
Year
|
Salary
|
Bonus
|
Option Awards
|
All Other Compensation
|
Total
|
|||||||||||||||
Stan Windhorn(1)
|
2015
|
6,000
|
-
|
-
|
-
|
6,000
|
|||||||||||||||
|
2016 |
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
|
2017 |
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Peter Sollenne(2)
|
2017
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
(1) |
Stan Windhorn, Director and CEO, CFO and Secretary since inception-resigned as Director and CEO, CFO on May 24, 2017.
|
(2) |
Peter Sollenne, Director and CEO, CFO since May 24, 2017.
|
Name
|
|
Age
|
|
Term Served
|
|
Title / Position(s)
|
Stanley Windhorn
|
|
50
|
|
Since inception, June 22, 2012
|
|
CEO, CFO, and Director
|
Since May 24, 2017
|
Secretary
|
|||||
Peter Sollenne
|
68
|
Since May 24, 2017
|
CEO,CFO and Director
|
|
-
|
Each person who owns beneficially more than five percent of the outstanding shares of our common stock;
|
|
-
|
Each person who owns beneficially more than five percent of the outstanding shares of our preferred stock;
|
|
-
|
Each director;
|
|
-
|
Each named executive officer; and
|
|
-
|
All directors and officers as a group.
|
Title of Class
|
Name and Address of
Beneficial Owner
|
Amount and Nature of
Beneficial Ownership
|
Percent of Class
|
Common
|
Stanley Windhorn
|
49,700,000*
|
94%
|
Common
|
Peter Sollenne
|
-
|
-
|
Exhibit No. | Description |
101.INS
|
XBRL Instance Document.
|
101.SCH
|
XBRL Taxonomy Extension Schema Document.
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document.
|
101.LAB
|
XBRL Taxonomy Extension Labels Linkbase Document.
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document.
|
101.DEF
|
XBRL Taxonomy Extension
Definition Linkbase Document.
|
|
OPTEC INTERNATIONAL, INC. (FORMERLY GREEN MEADOW PRODUCTS, INC.)
|
|
|
|
|
|
|
Dated: March 16, 2018
|
By:
|
/s/
Peter Sollenne
|
|
|
|
Peter Sollenne,
|
|
|
|
CEO, CFO and Director (Principal Executive, Financial and Accounting Officer)
|
|
|
|
|
|
|
|
|
|
SIGNATURE
|
TITLE
|
DATE
|
|
|
|
|
|
/s/ Peter Sollenne
|
Director, CEO, CFO (Principal Executive, Financial and Accounting Officer)
|
March 16, 2018
|
|
Peter Sollenne
|
|
|
|
|
|
|
1 Year Optec (PK) Chart |
1 Month Optec (PK) Chart |
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