UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
10-K
[X]
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ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the fiscal year ended October 31,
2008
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[ ]
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT
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For
the transition period from _________ to ________
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Commission
file number: 333-148922
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Jumpkicks,
Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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26-0690857
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification No.)
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632 Marsh Creek Court,
Henderson, NV
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89002
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number: 888-283-1426
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Securities
registered under Section 12(b) of the Exchange
Act:
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Title
of each class
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Name
of each exchange on which registered
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none
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not
applicable
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Securities
registered under Section 12(g) of the Exchange Act:
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Title
of each class
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Name
of each exchange on which registered
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Common Stock, par
value $0.001
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not
applicable
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Indicate by check
mark if the registrant is a well-known seasoned issuer, as defined in Rule 405
of the Securities Act. Yes
[ ] No
[X]
Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes
[ ] No
[X]
Check whether the
Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act during the past 12 months (or for 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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
(§ 229.405 of this chapter) is not contained herein, and will not be contained,
to the best of registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. Yes
[ ] No
[X]
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] Smaller reporting company [X]
Indicate by check mark whether the registrant is a
shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes
[X] No [ ]
State the aggregate market value of the voting and
non-voting common equity held by non-affiliates computed by reference to the
price at which the common equity was last sold, or the average bid and asked
price of such common equity, as of the last business day of the registrant’s
most recently completed second fiscal quarter. Not
available
Indicate the number of shares outstanding of each of
the registrant’s classes of common stock, as of the latest practicable
date. 10,860,000
as of October 31, 2008.
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Page
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PART
I
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PART
II
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PART
III
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PART
IV
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PART I
Company
Overview
We
were incorporated as Jumpkicks, Inc. (“Jumpkicks”) in the State of Delaware on
August 3, 2007 to engage in the business of online retailing. Specifically, we
purchased and further developed a martial arts website (the “Site”). Through the
Site, we provide content of interest to martial artists and sell products, such
as uniforms, t-shirts, protective equipment, mats, and other equipment and
accessories of interest to martial arts practitioners and
instructors.
We
sought to draw martial arts students and practitioners to our site by
positioning ourselves as a source of martial arts knowledge. We anticipated that
a certain percentage of visitors to our Site will become retail customers,
purchasing the equipment we display in our online catalog. Although we offered
discounted retail pricing to individual martial arts practitioners and students,
demand for these products has been very limited.
During
May of 2008, an unknown third party changed the registration of our domain name,
www.jumpkicks.com, so that our Site became inaccessible. We have investigated
this change in registration, and we contracted with a third party to negotiate
the return of our domain name. However, we have been unable to re-acquire the
domain name www.jumpkicks.com.
We
have purchased additional domain names, www.jumpkicks.net, www.jumpkicks.org,
www.jumpkicks.us, and www.jumpkicks.info. We have uploaded our Site to these
domain names, and have pursued our business plan with these alternate
sites.
Unfortunately,
the domain name www.jumpkicks.com lent significant value to our company. The
long history of the Site drew regular repeat traffic. We attempted to draw
traffic to the new domain names, but were unable to do so successfully. Because
we have not been able to generate significant traffic, we have not been able to
generate significant revenue from sales to support our operations.
Our
offices are located at 632 Marsh Creek Court, Henderson, Nevada 89002, and our
telephone number is (888) 283-1426. Our Internet Site can be found at
www.Jumpkicks.net. Information contained on our Web Site is not part of this
periodic report.
Richard
Douglas is our President, Secretary, Chief Executive Officer, Chief Financial
Officer, and sole director.
Plant
and Significant Equipment
We
do not intend to purchase or sell any plants or significant equipment in the
next twelve months.
Intellectual
Property
We
have not filed a trademark application to register the name or the URL for our
Site. To date, we do not own any other patent, trademark, or legally enforceable
claim to proprietary intellectual property.
Employees
We
have no significant employees other than our sole officer and director, Richard
Douglas.
Research
and Development Expenditures
We
have not incurred any research or development expenditures since our
incorporation.
Government
Regulation
Government
regulation and compliance with environmental laws do not have a material effect
on our business. We are subject to the laws and regulations of those
jurisdictions in which we plan to operate and sell our products, which are
generally applicable to business operations, such as business licensing
requirements, income taxes and payroll taxes. In general, the publishing of our
Site and the sale of our products are not subject to special regulatory and/or
supervisory requirements.
Subsidiaries
We
do not own any subsidiaries.
We
do not lease or own any real property. We maintain our corporate office at 632
Marsh Creek Court, Henderson, NV. This office space is being provided free of
charge by our president, Richard Douglas. While limited in size, our
present corporate office provides facilities suited to our current
operations. This arrangement provides us with the office space necessary to
process necessary paper work while providing telephone, fax and mailing
facilities. As our business operations grow, it may be necessary for us to
seek additional office space.
We
are not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.
No
matters were submitted to a vote of the Company's shareholders during the fiscal
year ended October 31, 2008.
PART II
Market
Information
Our
common stock is currently quoted on the OTC Bulletin Board (“OTCBB”), which is
sponsored by FINRA. The OTCBB is a network of security dealers who buy and sell
stock. The dealers are connected by a computer network that provides information
on current "bids" and "asks", as well as volume information. Our shares are
quoted on the OTCBB under the symbol “JKIK”
The
following table sets forth the range of high and low bid quotations for our
common stock for each of the periods indicated as reported by the OTCBB. These
quotations reflect inter-dealer prices, without retail mark-up, mark-down or
commission and may not necessarily represent actual transactions.
Fiscal
Year Ending October 31, 2008
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Quarter
Ended
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High
$
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Low
$
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October
31, 2008
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N/A
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N/A
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July
31, 2008
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N/A
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N/A
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April
30, 2008
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N/A
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N/A
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January
31, 2007
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N/A
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N/A
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Fiscal
Year Ending October 31, 2007
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Quarter
Ended
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High
$
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Low
$
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October
31, 2007
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N/A
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N/A
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July
31, 2007
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N/A
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N/A
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April
30, 2007
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N/A
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N/A
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January
31, 2006
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N/A
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N/A
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Penny
Stock
The
SEC has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities with
a market price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or system. The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock, to deliver a
standardized risk disclosure document prepared by the SEC, that: (a) contains a
description of the nature and level of risk in the market for penny stocks in
both public offerings and secondary trading; (b) contains a description of the
broker's or dealer's duties to the customer and of the rights and remedies
available to the customer with respect to a violation of such duties or other
requirements of the
securities
laws; (c) contains a brief, clear, narrative description of a dealer market,
including bid and ask prices for penny stocks and the significance of the spread
between the bid and ask price; (d) contains a toll-free telephone number for
inquiries on disciplinary actions; (e) defines significant terms in the
disclosure document or in the conduct of trading in penny stocks; and (f)
contains such other information and is in such form, including language, type
size and format, as the SEC shall require by rule or regulation.
The
broker-dealer also must provide, prior to effecting any transaction in a penny
stock, the customer with (a) bid and offer quotations for the penny stock; (b)
the compensation of the broker-dealer and its salesperson in the transaction;
(c) the number of shares to which such bid and ask prices apply, or other
comparable information relating to the depth and liquidity of the market for
such stock; and (d) a monthly account statement showing the market value of each
penny stock held in the customer's account.
In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions involving
penny stocks, and a signed and dated copy of a written suitability
statement.
These
disclosure requirements may have the effect of reducing the trading activity for
our common stock. Therefore, stockholders may have difficulty selling our
securities.
Holders
of Our Common Stock
As
of October 31, 2008, we had 10,860,000 shares of our common stock issued and
outstanding, held by 35 shareholders of record.
Dividends
We
currently intend to retain future earnings, if any, to finance the expansion of
our business. As a result, we do not anticipate paying any cash dividends in the
foreseeable future.
In
the event that a dividend is declared, common stockholders on the record date
are entitled to share ratably in any dividends that may be declared from time to
time on the common stock by our board of directors from funds legally
available.
There
are no restrictions in our Certificate of Incorporation or bylaws that restrict
us from declaring dividends. The Delaware General Corporation Law provides that
a corporation may pay dividends out of surplus, out the corporation's net
profits for the preceding fiscal year, or both provided that there remains in
the stated capital account an amount equal to the par value represented by all
shares of the corporation's stock raving a distribution preference.
Securities
Authorized for Issuance under Equity Compensation Plans
We
do not have any equity compensation plans.
A
smaller reporting company is not required to provide the information required by
this Item.
Forward-Looking
Statements
Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions. We intend such forward-looking statements to be covered by the
safe-harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this statement for
purposes of complying with those safe-harbor provisions. Forward-looking
statements are based on current expectations and assumptions that are subject to
risks and uncertainties which may cause actual results to differ materially from
the forward-looking statements. Our ability to predict results or the actual
effect of future plans or strategies is inherently uncertain. Factors which
could have a material adverse affect on our operations and future prospects on a
consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability of capital, interest
rates, competition, and generally accepted accounting principles. These risks
and uncertainties should also be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Further information concerning our business, including additional factors that
could materially affect our financial results, is included herein and in our
other filings with the SEC.
Plan
of Operation in the Next Twelve Months
URL
During
May of 2008, an unknown third party changed the registration of our domain name,
www.jumpkicks.com, so that our Site became inaccessible. We have investigated
this change in registration, and we contracted with a third party to negotiate
the return of our domain name. However, we have been unable to re-acquire the
domain name www.jumpkicks.com.
We
have purchased additional domain names, www.jumpkicks.net, www.jumpkicks.org,
www.jumpkicks.us, and www.jumpkicks.info. We have uploaded our Site to these
domain names, so that we will remain operational while we work to regain control
of our original domain name.
Unfortunately,
the domain name www.jumpkicks.com lent significant value to our company. The
long history of the Site drew regular repeat traffic. We are now attempting to
draw traffic to the new domain names, but we have thus far been unable to do so
successfully. If we are not able to generate significant traffic, we will not be
able to generate significant revenue to support our operations.
Site
Development
We
are currently seeking to contract with a third party programmer to further
develop our Site. While the site is currently operational and publicly available
in a beta format, we intend to include at least two new sections in the proposed
redevelopment of the Site. The first is a Tournaments section. This will include
a schedule of martial arts tournaments around the country. We hope that martial
artists will come to our Site to find information on local and national
tournaments. After a tournament has occurred, we will include photos from the
tournament, so that participants may log on to our Site to view and download
photos of themselves and other competitors. We feel that this strategy will draw
a large number of viewers to our Web Site.
The
final section we intend to include in the redeveloped Web Site is our Online
Catalog. We have already added a section to our Site containing a small list of
products, which we have been offering for sale to our Site visitors. However, we
intend to overwrite this temporary page with a permanent Online Catalog that
will be developed by our contracted Site developer. We intend to offer a variety
of martial arts supplies for sale through our Site, including: uniforms,
t-shirts, protective equipment, mats, and other equipment and accessories of
interest to martial arts practitioners and instructors. Our only current source
and our only planned source of revenue is the retail sales generated through our
Online Catalog. The other sections of the Site are intended to draw traffic to
the Site. We anticipate that a certain percentage of visitors to our Site will
become retail customers, purchasing the equipment we display in our online
catalog. Thus, we feel our revenue will depend, in part, upon the quality of the
remaining four sections of the Site. We have already created an early design of
this section and posted a limited number of items for sale.
Although
we have contacted several web site designers, we have not yet entered into a
contractual relationship with anyone to redevelop our Site. We anticipate that
the redevelopment of our Site will cost approximately $10,000. Much of this cost
is due to the complexity of designing and programming web sites for retail
sales. As part of the development, we may be required either to purchase
commercially available third party shopping cart software packages such as
Volusion E-commerce Solutions, or work with a company such as Intuit, designer
of QuickBooks. Intuit offers Web design solutions that will incorporate their
industry-standard accounting software into our Web Site.
At
this point in time, we do not have the financial resources to pay a web site
designer to redevelop our Site. If we are able to acquire additional capital
through debt or equity financing, we will then seek to contract with a web site
designer. However, we currently do not have a viable plan to raise the capital
necessary for a Site redesign.
Increase Product
Offerings
We
currently offer fewer than twenty unique products for sale through our Online
Catalog. If we are able to increase our online orders, we intend to increase our
inventory level to reduce turnaround time for customers and to offer a greater
number of products for sale. By offering a greater selection to the online
shopping public, we hope to increase the volume of our sales and thereby
increase our revenue and net income. Our suppliers offer thousands of products,
and we are currently working with them to determine the most popular items, so
we can incorporate them sooner than others and achieve a high level of
efficiency in our business operations.
Refine Order
Fulfilment
We
currently have contracts with two major martial arts supply companies to
purchase products from them at a discounted wholesale rate – Century Martial
Arts Supply (“Century”) and Asian World of Martial Arts (“AWMA”). We plan to
manage our standing inventory in a manner that allows us to meet most small
orders immediately. This will allow us to be responsive to the majority of our
customers without tying up a significant amount of capital to maintain a larger
inventory level. We believe that the majority of our customers are currently
individual practitioners and private instructors. Larger retail outlets and
studios generally have access to the same wholesale prices we pay, and likely
from the same suppliers as well. As we grow, we plan to switch from purchasing
wholesale from martial arts suppliers to purchasing directly from manufacturers.
This will allow us to then provide products directly to studio owners and
retailers at a wholesale price that allows both them and us to realize a margin
on the sale, while continuing our online retail sales with a larger
margin.
Marketing
Our
plan is to draw martial arts students and practitioners to our site by
positioning ourselves as a source of martial arts knowledge. While our previous
domain name had been used as a resource for martial artists around the world
since 1996, we are now starting over to generate interest in our new domain
names. We hope to position the Site as a vital resource for instructors and
students alike by engaging in the following:
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Our
President plans to update the most popular section of the Web Site
regularly. A new Move of the Week will bring back repeat users each week
to learn a new technique for themselves or their
students;
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Working
with tournament promoters to cross promote our Web Site, providing
t-shirts and other door prizes with our logo and Site URL on them, as well
as promoting their tournaments on our
Site;
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Posting
photos of tournaments on our Web Site, drawing competitors, fans, and
promoters to our Site to view, save, and print the
photos;
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Working
with our Site developer to include meta tags and other design elements in
a fashion that will result in our Web Site being listed at or near the top
of search engine listings for phrases such as martial arts, karate,
self-defense techniques, martial arts supplies, rape prevention, karate
tournaments, etc.
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We
currently have forecasted the expenditure of approximately $20,000 during the
next twelve months in order to pursue our business plan and remain in compliance
with the reporting requirements of the Securities Exchange Act of 1934. The
completion of our business plan for the next 12 months is contingent upon us
obtaining additional financing. If we are unable to obtain additional financing,
our business plan will be significantly impaired. We do not have any formal
commitments or arrangements for the sales of stock or the advancement or loan of
funds. Without the necessary cash flow, we will not be able to pursue our plan
of operations until such time as the necessary funds are raised in the equity
securities market.
We
do not anticipate purchasing any real property or significant equipment during
the next 12 months.
At
the present time we have no employees other than our sole officer and director,
Mr. Richard Douglas. We do not anticipate hiring any employees until such time
as we are able to acquire any additional businesses.
Results
of Operations for the year ended October 31, 2008 and for the periods from
August 3, 2007 (Date of Inception) until October 31, 2007, and October 31,
2008
We
generated revenue from sales of $140 for the year ended October 31, 2008. Our
Operating Expenses equaled $19,184, and Cost of Goods Sold was $404 during the
year ended October 31, 2008. The primary components of our Operating Expenses
were General and Administrative Expenses of $4,872, Depreciation Expense of
$1,212, and Professional Fees of $13,100. After considering interest income of
$118, our Net Loss for the year ended October 31, 2008, was
$19,330.
We
generated revenue from sales of $71 for the period from Inception (August 3,
2007) through October 31, 2007, and $211 for the period from Inception (August
3, 2007) through October 31, 2008. Our Cost of Goods Sold was $45 and $449 for
each period, respectively. Our Operating Expenses for the period from Inception
(August 3, 2007) through October 31, 2007 equaled $3,793. The primary components
of our Operating Expenses were General and Administrative Expenses of $2,883,
Depreciation Expense of $101, and Professional Fees of $809. Thus, our Net Loss
for the period from Inception (August 3, 2007) through October 31, 2007, was
$3,767. Our Operating Expenses for the period from Inception (August 3, 2007)
through October 31, 2008 equaled $22,977. The primary components of our
Operating Expenses were General and Administrative Expenses of $7,755,
Depreciation Expense of $1,313, and Professional Fees of $13,909. After
considering interest income of $118, our Net Loss for the period from Inception
(August 3, 2007) through October 31, 2008, was $23,097.
We
anticipate our operating expenses will increase as we more fully implement our
business plan. The increase will be attributable to expenses to operating our
business, and the professional fees to be incurred in connection with our
reporting obligations as a public company as our business activity
increases.
Liquidity
and Capital Resources
As
of October 31, 2008, we had total current assets of $3,370. We had $4,000 in
current liabilities as of October 31, 2008. Thus, we had a working capital
deficit of $630 as of October 31, 2008.
For
the year ended October 31, 2008, and for the period from Inception (August 3,
2007) through October 31, 2007, and October 31, 2008, operating activities have
used $14,362, $3,422, and $17,784, respectively. The primary factors in this
negative operational cash flow were our net losses of $19,330, $3,767, and
$23,097, respectively, offset primarily by changes in accounts payable. We
generated no cash from financing activities during the year ended October 31,
2008, but we generated $27,200 in cash from financing activities during the
periods from Inception (August 3, 2007) through October 31, 2007, and October
31, 2008, all of which was due to an equity offering. There was no positive or
negative cash flow due to investing activities during the year ended October 31,
2008. Investing Activities used $6,046 in cash for the periods from Inception
(August 3, 2007) through October 31, 2007, and October 31, 2008.
We
expect to spend approximately $20,000 to further develop and market our Site,
and to pay the professional fees associated with our business over the next
twelve (12) months. As of October 31, 2008, we have insufficient cash to operate
our business at the current level for the next twelve months and insufficient
cash to achieve our business goals. The success of our business plan during the
next 12 months and beyond is contingent upon us obtaining additional financing.
We hope to obtain business capital through the use of private equity fundraising
or shareholders loans. We do not have any formal commitments or arrangements for
the sales of stock or the advancement or loan of funds at this time. There can
be no assurance that such additional financing will be available to us on
acceptable terms, or at all.
Going
Concern
The
accompanying financial statements have been prepared in conformity with
generally accepted accounting principle, which contemplate continuation of the
Company as a going concern. However, we have accumulated deficit of
$23,097 as of October 31, 2008. We currently have limited liquidity,
and have not completed our efforts to establish a stabilized source of revenues
sufficient to cover operating costs over an extended period of
time.
Management
anticipates that we will be dependent, for the near future, on additional
investment capital to fund operating expenses. We intend to position ourselves
so that may be able to raise additional funds through the capital markets. In
light of management’s efforts, our auditors have expressed doubt that we will be
successful in this or any of our endeavors or become financially viable and
continue as a going concern.
Off
Balance Sheet Arrangements
As
of October 31, 2008, there were no off balance sheet arrangements.
Critical
Accounting Policies
In
December 2001, the SEC requested that all registrants list their most “critical
accounting polices” in the Management Discussion and Analysis. The SEC indicated
that a “critical accounting policy” is one which is both important to the
portrayal of a company’s financial condition and results, and requires
management’s most difficult, subjective or complex judgments, often as a result
of the need to make estimates about the effect of matters that are inherently
uncertain.
Use of
Estimates
The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities at the date of the financial statements and the reported amounts of
revenue and expenses during the reporting period. Actual results could differ
from those estimates.
Basic
(Loss) per Common Share
Basic
(loss) per share is calculated by dividing our net loss applicable to common
shareholders by the weighted average number of common shares during the period.
Diluted earnings per share is calculated by dividing our net income available to
common shareholders by the diluted weighted average number of shares outstanding
during the year. The diluted weighted average number of shares outstanding is
the basic weighted number of shares adjusted for any potentially dilutive debt
or equity. There are no such common stock equivalents outstanding as of October
31, 2008.
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(Loss)
(Numerator)
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Shares
(Denominator)
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Basic
(Loss) Per Share Amount
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For
the year ended October 31, 2008
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$ (19,330)
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10,860,000
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$ (0.00)
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For
the period ended October 31, 2007
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$ (3,767)
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10,430,000
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$ (0.00)
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Revenue
Recognition
We
recognize revenue when products are fully delivered or services have been
provided and collection is reasonably assured.
Advertising
Costs
Our
policy regarding advertising is to expense advertising when incurred. We had not
incurred any advertising expense as of October 31, 2008 and 2007.
Cash
and Cash Equivalents
For
purposes of the Statement of Cash Flows, we consider all highly liquid
instruments purchased with a maturity of three months or less to be cash
equivalents to the extent the funds are not being held for investment
purposes.
Income
Taxes
We
provide for income taxes under Statement of Financial Accounting Standards No.
109, Accounting for Income Taxes. SFAS No. 109 Requires the use of an asset and
liability approach in accounting for income taxes. Deferred tax assets and
liabilities are recorded based on the differences between the financial
statement and tax bases of assets and liabilities and the tax rates in effect
when these differences are expected to reverse. Our predecessor operated as
entity exempt from Federal and State income taxes.
SFAS
No. 109 requires the reduction of deferred tax assets by a valuation allowance
if, based on the weight of available evidence, it is more likely than not that
some or all of the deferred tax assets will not be realized.
The
provision for income taxes differs from the amounts which would be provided by
applying the statutory federal income tax rate of 39% to the net loss before
provision for income taxes for the following reasons:
|
October
31, 2008
|
|
October
31, 2007
|
Income
tax expense at statutory rate
|
$ |
(7,539) |
|
$ |
(1,469) |
Common
stock issued for services
|
|
-0- |
|
|
-0- |
Valuation
allowance
|
|
7,539 |
|
|
1,469 |
Income
tax expense per books
|
$ |
-0- |
|
$ |
-0- |
Net
deferred tax assets consist of the following components as of:
|
October
31, 2008
|
|
October
31, 2007
|
NOL
Carryover
|
$ |
9,008 |
|
$ |
1,469 |
Valuation
allowance
|
|
(9,008) |
|
|
(1,469) |
Net
deferred tax asset
|
$ |
-0- |
|
$ |
-0- |
Due
to the change in ownership provisions of the Tax Reform Act of 1986, net
operating loss carry forwards of $23,097 for federal income tax reporting
purposes are subject to annual limitations. Should a change in ownership occur
net operating loss carry forwards may be limited as to use in future
years.
Impairment
of Long-Lived Assets
We
continually monitor events and changes in circumstances that could indicate
carrying amounts of long-lived assets may not be recoverable. When such events
or changes in circumstances are present, we assess the recoverability of
long-lived assets by determining whether the carrying value of such assets will
be recovered through undiscounted expected future cash flows.
If
the total of the future cash flows is less than the carrying amount of those
assets, we recognize an impairment loss based on the excess of the carrying
amount over the fair value of the assets. Assets to be disposed of are reported
at the lower of the carrying amount or the fair value less costs to
sell.
Accounting
Basis
The
basis is accounting principles generally accepted in the United States of
America. We have adopted an October 31 fiscal year end.
Stock-based
compensation.
As
of October 31, 2008, we have not issued any share-based payments to its
employees.
We
adopted SFAS No. 123-R effective January 1, 2006 using the modified
prospective method. Under this transition method, stock compensation expense
includes compensation expense for all stock-based compensation awards granted on
or after January 1,2006, based on the grant-date fair value estimated in
accordance with the provisions of SFAS No. 123-R.
Recently Issued Accounting
Pronouncements
In
June 2008, the FASB issued FASB Staff Position EITF 03-6-1, Determining
Whether Instruments Granted in Share-Based Payment Transactions Are
Participating Securities, (“FSP EITF 03-6-1”). FSP EITF 03-6-1 addresses
whether instruments granted in share-based payment transactions are
participating securities prior to vesting, and therefore need to be included in
the computation of earnings per share under the two-class method as described in
FASB Statement of Financial Accounting Standards No. 128, “Earnings per
Share.” FSP EITF 03-6-1 is effective for financial statements issued for fiscal
years beginning on or after December 15, 2008 and earlier adoption is
prohibited. We are not required to adopt FSP EITF 03-6-1; neither do we believe
that FSP EITF 03-6-1 would have material effect on our consolidated financial
position and
results of operations if adopted.
In May 2008, the Financial Accounting Standards
Board (“FASB”) issued SFAS No. 163, “Accounting for
Financial Guarantee Insurance Contracts-and interpretation of FASB Statement No.
60”. SFAS No. 163 clarifies how Statement 60 applies to
financial guarantee insurance contracts, including the recognition and
measurement of premium revenue and claims liabilities. This statement
also requires expanded disclosures about financial guarantee insurance
contracts. SFAS No. 163 is effective for fiscal years beginning on or after
December 15, 2008, and interim periods within those years. SFAS No. 163 has no
effect on the Company’s financial position, statements of operations, or cash
flows at this time.
In May 2008, the Financial Accounting Standards
Board (“FASB”) issued SFAS No. 162, “The Hierarchy
of Generally Accepted Accounting Principles”. SFAS No. 162 sets
forth the level of authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two categories, the
more authoritative category will prevail. SFAS No. 162 will become effective 60
days after the SEC approves the PCAOB’s amendments to AU Section 411 of the
AICPA Professional Standards. SFAS No. 162 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.
In
March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS No.
161, Disclosures
about Derivative Instruments and Hedging Activities—an amendment of FASB
Statement No. 133. This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entity’s financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its financial position, results of operations or cash
flows.
In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an estimate of expected term of "plain vanilla" share options in
accordance with SFAS No. 123 (R), Share-Based
Payment. In particular, the staff indicated in SAB 107 that it
will accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined estimates of
expected term. At the time SAB 107 was issued, the staff believed that more
detailed external information about employee exercise behavior (e.g., employee
exercise patterns by industry and/or other categories of companies) would, over
time, become readily available to companies. Therefore, the staff stated in SAB
107 that it would not expect a company to use the simplified method for share
option grants after December 31, 2007. The staff understands that such detailed
information about employee exercise behavior may not be widely available by
December 31, 2007. Accordingly, the staff will continue to accept, under certain
circumstances, the use of the simplified method beyond December 31, 2007. The
Company currently uses the simplified method for “plain vanilla” share options
and warrants, and will assess the impact of SAB 110 for fiscal year 2009. It is
not believed that this will have an impact on the Company’s financial position,
results of operations or cash flows.
In
December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements—an amendment of ARB No.
51. This statement amends ARB 51 to establish accounting and
reporting standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in
a subsidiary is an ownership interest in the consolidated entity that should be
reported as equity in the consolidated financial statements. Before this
statement was issued, limited guidance existed for reporting noncontrolling
interests. As a result, considerable diversity in practice existed. So-called
minority interests were reported in the consolidated statement of financial
position as liabilities or in the mezzanine section between liabilities and
equity. This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods within those
fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009,
for entities with calendar year-ends). Earlier adoption is prohibited. The
effective date of this statement is the same as that of the related Statement
141 (revised 2007). The Company will adopt this Statement beginning March 1,
2009. It is not believed that this will have an impact on the Company’s
financial position, results of operations or cash flows.
In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.’This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in
Statement 141. This Statement establishes principles and
requirements for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase;
and (c) determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This statement applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may not
apply it before that date. The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling
Interests in Consolidated Financial Statements. The Company
will adopt this statement beginning March 1, 2009. It is not believed that this
will have an impact on the Company’s financial position, results of operations
or cash flows.
In
February 2007, the FASB, issued SFAS No. 159, The Fair Value
Option for Financial Assets and Liabilities—Including an Amendment of
FASB Statement No. 115. This standard permits an entity to choose to
measure many financial instruments and certain other items at fair value. This
option is available to all entities. Most of the provisions in FAS 159 are
elective; however, an amendment to FAS 115 Accounting for
Certain Investments in Debt and Equity Securities applies to all entities
with available for sale or trading securities. Some requirements apply
differently to entities that do not report net income. SFAS No. 159 is effective
as of the beginning of an entities first fiscal year that begins after November
15, 2007. Early adoption is permitted as of the beginning of the previous fiscal
year provided that the entity makes that choice in the first 120 days of that
fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements. The Company adopted SFAS No. 159 beginning March
1, 2008. The adoption of this pronouncement did not have an impact on the
Company’s financial position, results of operations or cash flows.
In September 2006,
the FASB issued SFAS No. 157, Fair Value
Measurements This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting principles
(GAAP), and expands disclosures about fair value measurements. This statement
applies under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting
pronouncements that fair value is the relevant measurement attribute.
Accordingly, this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will change
current practice. This statement is effective for financial statements issued
for fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. Earlier application is encouraged, provided that the
reporting entity has not yet issued financial statements for that fiscal year,
including financial statements for an interim period within that fiscal
year. The Company adopted this statement March 1, 2008. The adoption of this
pronouncement did not have an impact on the Company’s financial position,
results of operations or cash flows.
A
smaller reporting company is not required to provide the information required by
this Item.
See
the financial statements annexed to this annual report.
No
events occurred requiring disclosure under Item 307 and 308 of Regulation S-K
during the fiscal year ending October 31, 2008.
Management
is responsible for establishing and maintaining adequate internal control over
financial reporting as defined in Rule 13a-15(f) under the Exchange Act.
This rule defines internal control over financial reporting as a process
designed by, or under the supervision of, the Company’s Chief Executive Officer
and Chief Financial Officer, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with U.S. GAAP. Our internal control over
financial reporting includes those policies and procedures that:
•
|
Pertain
to the maintenance of records that, in reasonable detail, accurately and
fairly reflect our transactions and
dispositions;
|
•
|
Provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with U.S. GAAP, and that
our receipts and expenditures are being made only in accordance with
authorizations of management and directors of the
Company; and
|
•
|
Provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of our assets that could
have a material effect on the financial
statements.
|
Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. In addition, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
With
the participation of the Chief Executive Officer and the Chief Financial
Officer, our management conducted an evaluation of the effectiveness of our
internal control over financial reporting. Based on this
evaluation, our management has concluded that our internal control over
financial reporting was not effective as of October 31, 2008, as the result of a
material weakness. The material weakness results from
significant deficiencies in internal control that collectively constitute a
material weakness.
A
significant deficiency is a deficiency, or combination of deficiencies, in
internal control over financial reporting that is less severe than a material
weakness, yet important enough to merit attention by those responsible for
oversight of the registrant’s financial reporting. We had the following
significant deficiencies at October 31, 2008:
·
|
We
have only one employee to oversee bank reconciliations, posting payables,
and so forth, so there are no checks and balances on internal
controls.
|
Remediation
of Material Weakness
We
are unable to remedy the material weakness in our internal controls until we are
able to hire additional employees, so that we may then introduce checks and
balances on internal controls.
Limitations
on the Effectiveness of Internal Controls
Our
management, including our Chief Executive Officer and our Chief Financial
Officer, does not expect that our disclosure controls and procedures or our
internal control over financial reporting are or will be capable of preventing
or detecting all errors or all fraud. Any control system, no matter how well
designed and operated, can provide only reasonable, not absolute, assurance that
the control system’s objectives will be met. The design of a control system must
reflect the fact that there are resource constraints, and the benefits of
controls must be considered relative to their costs. Further, because of the
inherent limitations in all control systems, no evaluation of controls can
provide absolute assurance that misstatements, due to error or fraud will not
occur or that all control issues and instances of fraud, if any, within the
company have been detected. These inherent limitations include the realities
that judgments in decision-making can be faulty and that breakdowns may occur
because of simple error or mistake. Controls can also be circumvented by the
individual acts of some persons, by collusion of two or more people, or by
management override of controls. The design of any system of controls is based
in part on certain assumptions about the likelihood of future events, and there
can be no assurance that any design will succeed in achieving its stated goals
under all potential future conditions. Projections of any evaluation of controls
effectiveness to future periods are subject to risk.
This
annual report does not include an attestation report of our registered public
accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit us to provide only management’s report in this annual
report.
During
the most recently completed fiscal quarter, there has been no change in our
internal control over financial reporting that has materially affected or is
reasonably likely to materially affect, our internal control over financial
reporting.
None
PART
III
The
following information sets forth the name of our sole executive officer and
directors, her age as of October 31, 2008 and her present
position.
Name
|
Age
|
Position
Held with the Company
|
Richard
Douglas
632
Marsh Creek Court
Henderson,
NV 89002
|
42
|
President,
Secretary, CEO,
CFO,
Director
|
Set
forth below is a brief description of the background and business experience of
our sole executive officer and director.
Richard Douglas is our sole officer and director Mr. Douglas
has been involved in martial arts for over thirty years as both a student and
instructor. He has held the rank of Black Belt in three different national
martial arts governing bodies: the United Fighting Arts Federation; the National
Tang Soo Do Congress; and the Western Tang Soo Do
Federation.
Mr.
Douglas holds a Bachelor of Science degree in accounting and graduated in 2004
from the University of Nevada Las Vegas with a Masters of Accountancy Degree
with an emphasis in tax. He is licensed to practice in Nevada as
a Certified Public Accountant. From 2000 to 2004, Mr. Douglas worked in the
hotel services industry, focusing on guest services. Since 2004, Mr. Douglas has
worked as a tax associate at a large public accounting firm, where he performed
bookkeeping services and prepared individual, partnership and corporate tax
returns. As an auditing senior associate, he planned and
performed compilation, review and auditing services for a variety of
not-for-profit entities, large governmental entities, small and large hotels and
casinos, and construction companies. As an accountant, Mr. Douglas has
specialized in assurance services, focusing on internal audit functions, audits
and compliance services, and brings that experience and perspective to
Jumpkicks.
Directors
Our
bylaws authorize no less than one (1) and more than ten (10)
directors. We currently have one Director.
Term
of Office
Our
Directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws. Our officers are appointed by our board of directors
and hold office until removed by the board.
Family
Relationships
There
are no family relationships between or among the directors, executive officers
or persons nominated or chosen by us to become directors or executive
officers.
Involvement
in Certain Legal Proceedings
To the
best of our knowledge, during the past five years, none of the
following occurred with respect to a
present or former director, executive officer, or employee: (1) any
bankruptcy petition filed by or against any business of which such
person was a general partner or executive officer either
at the time of the bankruptcy or within two
years prior to that time; (2) any conviction in a
criminal proceeding or being subject to a
pending criminal
proceeding (excluding traffic violations and
other minor offenses); (3) being subject to any order,
judgment or decree, not subsequently reversed, suspended
or vacated, of any court of competent jurisdiction, permanently or
temporarily enjoining, barring, suspending or otherwise limiting his or her
involvement in any type of business, securities or banking
activities; and (4) being found
by a court of competent jurisdiction (in a civil
action), the SEC or the
Commodities Futures Trading Commission to have violated
a federal or state securities or commodities law, and the judgment has not been
reversed, suspended or vacated.
Audit
Committee
We
do not have a separately-designated standing audit committee. The entire Board
of Directors performs the functions of an audit committee, but no written
charter governs the actions of the Board when performing the functions of what
would generally be performed by an audit committee. The Board approves the
selection of our independent accountants and meets and
Section
16(a) Beneficial Ownership Reporting Compliance
Section
16(a) of the Exchange Act requires our directors and executive officers and
persons who beneficially own more than ten percent of a registered class of the
Company’s equity securities to file with the SEC initial reports of ownership
and reports of changes in ownership of common stock and other equity securities
of the Company. Officers, directors and greater than ten percent
beneficial shareholders are required by SEC regulations to furnish us with
copies of all Section 16(a) forms they file. To the best of our
knowledge based solely on a review of Forms 3, 4, and 5 (and any amendments
thereof) received by us during or with respect to the year ended October 31,
2006, the following persons have failed to file, on a timely basis, the
identified reports required by Section 16(a) of the Exchange Act during fiscal
year ended October 31, 2008:
Name
and principal position
|
Number
of
late
reports
|
Transactions
not
timely
reported
|
Known
failures to
file
a required form
|
Richard
Douglas
|
0
|
0
|
0
|
Code
of Ethics
As
of October 31, 2008, we had not adopted a Code of Ethics for Financial
Executives, which would include our principal executive officer, principal
financial officer, principal accounting officer or controller, or persons
performing similar functions.
Summary
Compensation Table
The
table below summarizes all compensation awarded to, earned by, or paid to both
to our officers and to our directors for all services rendered in all capacities
to us for our fiscal years ended October 31, 2008 and 2007.
SUMMARY
COMPENSATION TABLE
|
Name
and
principal
position
|
Year
|
Salary ($)
|
Bonus
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Nonqualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Richard Douglas,President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
2008
2007
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
Narrative
Disclosure to the Summary Compensation Table
We have
not entered into any employment agreement or consulting agreement with our
executive officer. There are no arrangements or plans in which we
provide pension, retirement or similar benefits for executive
officers.
Although
we do not currently compensate our officer, we reserve the right to provide
compensation at some time in the future. Our decision to compensate
officers depends on the availability of our cash resources with respect to the
need for cash to further our business purposes.
Outstanding
Equity Awards at Fiscal Year-End
The table
below summarizes all unexercised options, stock that has not vested, and equity
incentive plan awards for each named executive officer as of October 31,
2008.
OUTSTANDING
EQUITY AWARDS AT FISCAL YEAR-END
|
OPTION
AWARDS
|
STOCK
AWARDS
|
Name
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number
of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
(#)
|
Market
Value
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
($)
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Vested
(#)
|
Equity
Incentive
Plan
Awards:
Market
or
Payout
Value
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Vested
(#)
|
Richard
Douglas
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Stock
Option Grants
We have
not granted any stock options to the executive officers or directors since our
inception.
Director
Compensation
The table
below summarizes all compensation awarded to, earned by, or paid to our director
for all services rendered in all capacities to us for the period from inception
(August 3, 2007) through October 31, 2008.
DIRECTOR
COMPENSATION
|
Name
|
Fees
Earned or
Paid
in
Cash
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Non-Qualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Richard
Douglas
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Narrative
Disclosure to the Director Compensation Table
We do not
pay any compensation to our directors at this time. However, we reserve the
right to compensate our directors in the future with cash, stock, options, or
some combination of the above.
We have
not reimbursed our directors for expenses incurred in connection with attending
board meetings nor have we paid any directors fees or other cash compensation
for services rendered as a director in the year ended October 31,
2008.
We have
no formal plan for compensating our directors for their services in their
capacity as directors. In the future we may grant options to our
directors to purchase shares of common stock as determined by our Board of
Directors or a compensation committee that may be established. We do
have a stock option plan in place at this time although we have not yet issued
any options. Directors are entitled to reimbursement for reasonable
travel and other out-of-pocket expenses incurred in connection with attendance
at meetings of our board of directors. The board of directors may
award special remuneration to any director undertaking any special services on
behalf of Jumpkicks other than services ordinarily required of a
director. No director received and/or accrued any compensation for
his or her services as a director, including committee participation and/or
special assignments
Stock
Option Plans
We did
not have a stock option plan as of October 31, 2008
The
following table sets forth certain information known to us with respect to the
beneficial ownership of our Common Stock as of October 31, 2008, by (1) all
persons who are beneficial owners of 5% or more of our voting securities, (2)
each director, (3) each executive officer, and (4) all directors and executive
officers as a group. The information regarding beneficial ownership of our
common stock has been presented in accordance with the rules of the Securities
and Exchange Commission. Under these rules, a person may be deemed to
beneficially own any shares of capital stock as to which such person, directly
or indirectly, has or shares voting power or investment power, and to
beneficially own any shares of our capital stock as to which such person has the
right to acquire voting or investment power within 60 days through the exercise
of any stock option or other right. The percentage of beneficial ownership as to
any person as of a particular date is calculated by dividing (a) (i) the number
of shares beneficially owned by such person plus (ii) the number of shares as to
which such person has the right to acquire voting or investment power within 60
days by (b) the total number of shares outstanding as of such date, plus any
shares that such person has the right to acquire from us within 60 days.
Including those shares in the tables does not, however, constitute an admission
that the named stockholder is a direct or indirect beneficial owner of those
shares. Unless otherwise indicated, each person or entity named in the table has
sole voting power and investment power (or shares that power with that person’s
spouse) with respect to all shares of capital stock listed as owned by that
person or entity.
Except as
otherwise indicated, all Shares are owned directly and the percentage shown is
based on 10,860,000 Shares of Common Stock issued and outstanding as of October
31, 2008.
Name
and Address of Beneficial Owners of Common Stock1
|
Title
of Class
|
Amount
and Nature of Beneficial Ownership
|
%
of Common Stock2
|
Richard
Douglas
632
Marsh Creek Court
Henderson,
NV 89002
|
Common
Stock
|
10,000,000
|
92.08%
|
DIRECTORS
AND OFFICERS – TOTAL
|
|
10,000,000
|
92.08%
|
|
|
|
|
5%
SHAREHOLDERS
|
|
|
|
None
|
Common
Stock
|
NONE
|
NONE
|
Other
than the shareholders listed above, we know of no other person who is the
beneficial owner of more than five percent (5%) of our common
stock.
None of
our directors or executive officers, nor any proposed nominee for election as a
director, nor any person who beneficially owns, directly or indirectly, shares
carrying more than 5% of the voting rights attached to all of our outstanding
shares, nor any members of the immediate family (including spouse, parents,
children, siblings, and in-laws) of any of the foregoing persons has any
material interest, direct or indirect, in any transaction over the last two
years or in any presently proposed transaction which, in either case, has or
will materially affect us.
Below is
the table of Audit Fees (amounts in US$) billed by our auditor in connection
with the audit of the Company’s annual financial statements for the years
ended:
Financial
Statements for the Year Ended October 31
|
Audit
Services
|
Audit
Related Fees
|
Tax
Fees
|
Other
Fees
|
2008
|
$4,750
|
$0
|
$0
|
$0
|
2007
|
$5,000
|
$0
|
$0
|
$0
|
PART IV
Index to
Financial Statements Required by Article 8 of Regulation S-X:
Audited
Financial Statements:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibit
Number
|
Description
|
3.1
|
Articles
of Incorporation, as amended (1)
|
3.2
|
Bylaws,
as amended (1)
|
|
|
|
|
|
|
|
|
1
|
Incorporated
by reference to the Registration Statement on Form SB-2 filed on January
29, 2008.
|
SIGNATURES
In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Jumpkicks,
Inc.
By:
|
/s/Richard
Douglas
|
|
Richard
Douglas
President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
|
|
|
February
12, 2009
|
In accordance with Section 13 or 15(d)
of the Exchange Act, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates
indicated:
By:
|
/s/Richard
Douglas
|
|
Richard
Douglas
President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
|
|
|
February
12, 2009
|