nhi_0908q.htm
FORM
10-Q
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
(Mark
One)
x Quarterly
Report Under Section 13 or 15(d) Of the
Securities Exchange Act of 1934
For Quarterly Period
Ended September 30, 2008.
o Transition Report
Under Section 13 or 15(d) of the Exchange Act.
For the transition
period from
to
.
Commission
File Number: 000-52991
NORTH
HORIZON, INC.
(Exact
name of registrant as specified in its charter)
NEVADA
|
|
87-0324697
|
(State or
other jurisdiction of incorporation or organization)
|
|
(IRS Employer
Identification No.)
|
2290 East
4500 South, Suite 130
Salt Lake
City, Utah 84117
(Address
of principal executive offices)
Registrant's
telephone number including area code:(801)278-9925
Former
Address, if changed since last report.
Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
proceeding 12 months (or such shorter period that the registrant was required to
file such reports) and (2) has been subject to such filing requirements for the
past 90 days.Yes
x No
Indicate
by check mark whether the registrant is a large accelerated filer, a
non-accelerated filer, or a smaller reporting company.
Large
accelerated filer o
|
Accelerated
filer o
|
Non-accelerated
filer o
|
Smaller
reporting company o
|
(Do not
check if a smaller reporting company.)
Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes x No o
As of
June 30, 2008, Registrant had 13,251,250 shares of common stock, par value of
$.001 per share, issued and outstanding.
PART
I
ITEM
I - FINANCIAL STATEMENTS
The condensed financial statements
included herein have been prepared by North Horizon, Inc. (the "Company",
"Registrant", “we”, “us”, or “our”), without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations, although we believe
that the disclosures are adequate to make the information presented not
misleading.
In our opinion, all adjustments,
consisting of only normal recurring adjustments, necessary to present fairly the
financial position of the Company as of September 30, 2008, and the results of
our operations from January 1, 2008, through September 30, 2008 and for the
three month period from July 1, 2008, to September 30, 2008. The
results of our operations for such interim periods are not necessarily
indicative of the results to be expected for the entire year.
NORTH
HORIZON, INC.
(A
Development Stage Company)
FINANCIAL
STATEMENTS
September
30, 2008 and December 31, 2007
NORTH
HORIZON, INC.
|
|
(A
Development Stage Company)
|
|
Balance
Sheets
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September
30,
|
|
|
December
31,
|
|
|
|
2008
|
|
|
2007
|
|
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Total
Current Assets
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
$ |
- |
|
|
$ |
1,500 |
|
Related
party payable
|
|
|
21,193 |
|
|
|
3,410 |
|
|
|
|
|
|
|
|
|
|
Total
Current Liabilities
|
|
|
21,193 |
|
|
|
4,910 |
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY (DEFICIT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock; 80,000,000 shares authorized,
|
|
|
|
|
|
|
|
|
at
$0.001 par value, 13,251,250 and 10,001,250
|
|
|
|
|
|
|
|
|
shares
issued and outstanding
|
|
|
13,251 |
|
|
|
13,251 |
|
Additional
paid-in capital
|
|
|
3,211,114 |
|
|
|
3,211,114 |
|
Deficit
accumulated during the development stage
|
|
|
(3,245,558 |
) |
|
|
(3,229,275 |
) |
|
|
|
|
|
|
|
|
|
Total
Stockholders' Equity (Deficit)
|
|
|
(21,193 |
) |
|
|
(4,910 |
) |
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES AND STOCKHOLDERS'
|
|
|
|
|
|
|
|
|
EQUITY
(DEFICIT)
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
The
accompanying notes are an integral part of these financial
statements.
NORTH
HORIZON, INC.
|
|
(A
Development Stage Company)
|
|
Statements
of Operations
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January
1, 2002
|
|
|
|
For
the Three Months Ended
|
|
|
For
the Nine Months Ended
|
|
|
Through
|
|
|
|
September
30,
|
|
|
September
30,
|
|
|
September
30,
|
|
|
|
2008
|
|
|
2007
|
|
|
2008
|
|
|
2007
|
|
|
2008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REVENUES
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EXPENSES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General
and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
administrative
|
|
|
3,224 |
|
|
|
878 |
|
|
|
16,283 |
|
|
|
7,142 |
|
|
|
24,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Expenses
|
|
|
3,224 |
|
|
|
878 |
|
|
|
16,283 |
|
|
|
7,142 |
|
|
|
24,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS
FROM OPERATIONS
|
|
|
(3,224 |
) |
|
|
(878 |
) |
|
|
(16,283 |
) |
|
|
(7,142 |
) |
|
|
(24,582 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISCONTINUED
OPERATIONS
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(3,220,976 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET
LOSS
|
|
$ |
(3,224 |
) |
|
$ |
(878 |
) |
|
$ |
(16,283 |
) |
|
$ |
(7,142 |
) |
|
$ |
(3,245,558 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BASIC
LOSS PER SHARE
|
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WEIGHTED
AVERAGE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NUMBER
OF SHARES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OUTSTANDING
|
|
|
13,251,250 |
|
|
|
13,251,250 |
|
|
|
13,251,250 |
|
|
|
13,251,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
accompanying notes are an integral part of these financial
statements.
NORTH
HORIZON, INC.
|
|
(A
Development Stage Company)
|
|
Statements
of Stockholders' Equity (Deficit)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional
|
|
|
|
|
|
Total
|
|
|
|
Common
Stock
|
|
|
|
|
|
Paid-In
|
|
|
Accumulated
|
|
|
Stockholders'
|
|
|
|
Shares
|
|
|
Amount
|
|
|
Capital
|
|
|
Deficit
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
January 1, 2002
|
|
|
9,025,062 |
|
|
$ |
9,025 |
|
|
$ |
3,210,975 |
|
|
$ |
(3,220,000 |
) |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
services
at $0.001 per share
|
|
|
976,188 |
|
|
|
976 |
|
|
|
- |
|
|
|
- |
|
|
|
976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the year ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
through
December 31, 2003
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(976 |
) |
|
|
(976 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2003
|
|
|
10,001,250 |
|
|
|
10,001 |
|
|
|
3,210,975 |
|
|
|
(3,220,976 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the year ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31, 2004
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2004
|
|
|
10,001,250 |
|
|
|
10,001 |
|
|
|
3,210,975 |
|
|
|
(3,220,976 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the year ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31, 2005
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(250 |
) |
|
|
(250 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2005
|
|
|
10,001,250 |
|
|
|
10,001 |
|
|
|
3,210,975 |
|
|
|
(3,221,226 |
) |
|
|
(250 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the year ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31, 2006
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2006
|
|
|
10,001,250 |
|
|
|
10,001 |
|
|
|
3,210,975 |
|
|
|
(3,221,226 |
) |
|
|
(250 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
debt
at $0.001 per share
|
|
|
3,250,000 |
|
|
|
3,250 |
|
|
|
139 |
|
|
|
- |
|
|
|
3,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the year ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31, 2007
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(8,049 |
) |
|
|
(8,049 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2007
|
|
|
13,251,250 |
|
|
|
13,251 |
|
|
|
3,211,114 |
|
|
|
(3,229,275 |
) |
|
|
(4,910 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss for the nine months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ended
September 30, 2008
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(16,283 |
) |
|
|
(16,283 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
September 30, 2008
|
|
|
13,251,250 |
|
|
$ |
13,251 |
|
|
$ |
3,211,114 |
|
|
$ |
(3,245,558 |
) |
|
$ |
(21,193 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
accompanying notes are an integral part of these financial
statements.
NORTH
HORIZON, INC.
|
|
(A
Development Stage Company)
|
|
Statements
of Cash Flows
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From
|
|
|
|
|
|
|
|
|
|
January
1,2002
|
|
|
|
For
the Nine Months Ended
|
|
|
Through
|
|
|
|
September
30,
|
|
|
September
30,
|
|
|
|
2008
|
|
|
2007
|
|
|
2008
|
|
|
|
|
|
|
|
|
|
|
|
CASH
FLOWS FROM OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
$ |
(16,283 |
) |
|
$ |
(7,142 |
) |
|
$ |
(3,245,558 |
) |
Adjustments
to reconcile net loss to net cash
|
|
|
|
|
|
|
|
|
|
|
|
|
used
by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for services
|
|
|
- |
|
|
|
- |
|
|
|
976 |
|
Changes
in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase
in accounts payable
|
|
|
(1,500 |
) |
|
|
1,500 |
|
|
|
- |
|
Increase
in related party payables
|
|
|
17,783 |
|
|
|
5,642 |
|
|
|
24,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Used by
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Activities
|
|
|
- |
|
|
|
- |
|
|
|
(3,220,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH
FLOWS FROM INVESTING ACTIVITIES
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH
FLOWS FROM FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale
of common stock
|
|
|
- |
|
|
|
- |
|
|
|
3,220,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Provided by
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing
Activities
|
|
|
- |
|
|
|
- |
|
|
|
3,220,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET
DECREASE IN CASH
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH
AT BEGINNING OF PERIOD
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH
AT END OF PERIOD
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLIMENTAL
DISCLOSURES OF CASH
FLOW INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH
PAID FOR:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Income Taxes
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON
CASH FINANCING ACTIVITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for debt
|
|
$ |
- |
|
|
$ |
3,389 |
|
|
$ |
3,389 |
|
The
accompanying notes are an integral part of these financial
statements.
NORTH
HORIZON, INC.
Notes to
the Condensed Financial Statements
September
30, 2008 and December 31, 2007
E NOTE 1
- CONDENSED
FINANCIAL STATEMENTS
The
accompanying financial statements have been prepared by the Company without
audit. In the opinion of management, all adjustments (which include
only normal recurring adjustments) necessary to present fairly the financial
position, results of operations, and cash flows at September 30, 2008, and for
all periods presented herein, have been made.
Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America have been condensed or omitted. It is
suggested that these condensed financial statements be read in conjunction with
the financial statements and notes thereto included in the Company’s December
31, 2007 audited financial statements. The results of operations for
the periods ended September 30, 2008 and 2007 are not necessarily indicative of
the operating results for the full years.
NOTE 2
- GOING
CONCERN
The
Company’s financial statements are prepared using generally accepted accounting
principles in the United States of America applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business. The Company has not yet established an ongoing source
of revenues sufficient to cover its operating costs and allow it to continue as
a going concern. The ability of the Company to continue as a going concern is
dependent on the Company obtaining adequate capital to fund operating losses
until it becomes profitable. If the Company is unable to obtain adequate
capital, it could be forced to cease operations.
In order
to continue as a going concern, the Company will need, among other things,
additional capital resources. Management’s plan is to obtain such resources for
the Company by obtaining capital from management and significant shareholders
sufficient to meet its minimal operating expenses and seeking equity and/or debt
financing. However management cannot provide any assurances that the Company
will be successful in accomplishing any of its plans.
The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going
concern.
ITEM
2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
The
following information should be read with the financial statements and notes
thereto appearing in this Form 10-Q.
Plan
of Operations.
We have
not engaged in any material operations during the period ended September 30,
2008. Over the past several years we have not engaged in any material
operations other than matters pertaining to our corporate
existence. We intend to continue to seek the acquisition of assets,
property, or business that may be beneficial to us and our shareholders. We are
considered to be a development stage company and we have no assets.
Our only
foreseeable cash requirements during the next twelve month period will relate to
maintaining our status as a corporate entity, complying with the periodic
reporting requirements of the U.S. Securities and Exchange Commission, and
evaluating and reviewing possible business ventures and
opportunities. We do not anticipate raising additional capital in the
next twelve months. If additional funds are required, it is anticipated that
management will advance such funds as loans to us or we will issue shares for
the funds advanced. Any loan will not be on terms less favorable than
we could obtain from a commercial lender. We will not engage in any
product development or research. We have no expectation of the
purchase of any plant or significant equipment nor the hiring of any
employees.
Results
of Operations.
For the
quarter and nine month period ended September 30, 2008, we had limited
operations. During the quarter ended September 30, 2008, we had no
revenues and incurred expenses of $3,224 with a net loss of $(3,224) compared to
no revenues and expenses of $878 and a net loss of $(878) for the same period a
year earlier. During the nine month period ended
September 30, 2008, we had no revenues and incurred expenses of $16,283 with a
net loss of $(16,283) compared to no revenues and expenses of $7,142 with a net
loss of $(7,142) for the same period a year earlier. Expenses
increased because of the additional financial burdens of becoming a reporting
company.
Off-balance
sheet arrangements.
We have
no off-balance sheet arrangements.
Forward
looking statements.
This
Report makes certain forward-looking statements. Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934
refer to the term “forward looking statements.” Such statements may
refer to such matters as anticipated financial performance, future revenues or
earnings, business prospects, projected ventures, new products and services,
anticipated market performance, and similar matters.
Such
words as “may”, “will”, “expect,” “continue,” “estimate,” “project,” and
“intend” and similar terms and expressions are intended to identify
forward-looking statements. These terms may relate to events,
conditions, and financial trends that may affect our future plans of operations,
business strategy, operating results, and financial position. We advise readers
that actual results may differ substantially from such forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those
expressed in or implied by the statements, including but not limited to, the
following: our ability to find a suitable business venture that will benefit us,
our ability to investigate a potential business venture, and our ability to
determine all information about a business venture.
ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISKS.
This item
is not applicable to smaller reporting companies.
ITEM
4(T). CONTROLS AND PROCEDURES
Evaluation
of Disclosure Controls and Procedures.
As of the
end of the period covered by this quarterly report, our president who is our
chief executive officer and principal accounting officer, did an evaluation of
the effectiveness of the design and operation of our “disclosure controls and
procedures”, as defined in the Exchange Act and Rules 13a-15(e) and
15d-15(e).
Disclosure
control procedures are designed to ensure that such information is accumulated
and communicated to management, including our chief executive officer and
principal accounting officer, to allow decisions regarding required disclosure
to be made in a timely manner.
At the
end of the period covered by this quarterly report, we conducted an evaluation
under the supervision and direct participation of our president who is our chief
executive officer and principal accounting officer, of the effectiveness of the
design and operation of our disclosure controls and procedures. In
designing and evaluating disclosure controls and procedures, it was recognized
that there are inherent limitations to the effectiveness of any system of
disclosure controls and procedures, including the possibility of human error and
the circumvention or overriding of the controls and
procedures. Accordingly, even effective disclosure controls and
procedures can only provide reasonable assurance of achieving their desired
control objectives. In evaluating and implementing possible controls
and procedures, management is required to apply its reasonable
judgment. Based on the evaluation described above, our president who
is our principal executive officer and principal accounting officer, concluded
that, as of September 30, 2008, our disclosure controls and procedures were
effective.
Changes
in Internal Controls over Financial Reporting.
We had no
significant changes in our internal controls during the period ended September
30, 2008. Management concluded that there has been no change in our
internal control over financial reporting during the period ended September 30,
2008, that has materially affected or is reasonably likely to affect our
internal control over financial reporting.
PART
II.
Item
1. Legal Proceedings.
None.
Item
1A. This item is not applicable to smaller reporting
companies.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
This item
is not applicable.
Item
3. Defaults upon Senior Securities.
This item
is not applicable.
Item
4. Submission of Matters to a Vote of Security Holders.
This item
is not applicable.
Item
5. Other Information.
We have
filed through a broker an application, known as a Form 211, to have our shares
of common stock trade on the Electronic Bulletin Board. If our application is
appproved we will receive a trading symbol. No assurance can be given
that our application will be approved.
Item
6. Exhibits.
EXHIBITS
|
No.
|
|
Description |
3
(i) |
|
Articles of
Incorporation - previously filed. |
(ii) |
|
Bylaws -
previously filed. |
(iii) |
|
Ethics Policy
- previously filed. |
31.1 |
|
Certification
pursuant to Section 302 |
31.2 |
|
Certification
pursuant to SEction 302 |
32.1 |
|
Certification |
32.2 |
|
Certification |
Signatures
In
accordance with the requirements of the Exchange Act, the Registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
North Horizon, Inc.
|
|
|
|
|
|
Date:
October 9, 2008
|
By:
|
/s/
Wallace Boyack |
|
|
|
President
and Chief Executive Officer |
|
|
|
|
|
|
|
|
|
|
By: |
/s/
Wallace Boyack |
|
|
|
Chief
Financial Officer |
|
|
|
|
|