[X]
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Quarterly
Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
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For
the quarterly period ended January 31,
2009
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[ ]
|
Transition
Report pursuant to 13 or 15(d) of the Securities Exchange Act of
1934
|
For
the transition period to __________
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|
Commission
File Number: 333-148922
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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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(IRS
Employer Identification No.)
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632 Marsh Creek Court,
Henderson, NV 89002
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(Address
of principal executive offices)
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888-283-1426
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(Issuer’s
telephone number)
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______________________________________________________
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(Former
name, former address and former fiscal year, if changed since last
report)
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[ ]
Large accelerated filer Accelerated filer
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[ ]
Non-accelerated filer
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[X]
Smaller reporting company
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Page
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PART I – FINANCIAL
INFORMATION
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||
PART II – OTHER
INFORMATION
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||
Our
unaudited financial statements included in this Form 10-Q are as
follows:
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|
ASSETS
|
|||||
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January
31, 2009 |
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October
31, 2008 |
||
(unaudited)
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(Re-Stated)
|
||||
CURRENT
ASSETS
|
|||||
Cash
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$
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396
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$
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3,370
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|
Inventory
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-
|
-
|
|||
Total
Current Assets
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396
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3,370
|
|||
FIXED
ASSETS, net
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4,430
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4,733
|
|||
TOTAL
ASSETS
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$
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4,826
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$
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8,103
|
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LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|||||
CURRENT
LIABILITIES
|
|||||
Accounts
payable
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$
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2,646
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$
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6,546
|
|
Due
to Shareholder
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2,000
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||||
Bank
Overdraft
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-
|
-
|
|||
Total
Current Liabilities
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4,646
|
6,546
|
|||
STOCKHOLDERS'
EQUITY
|
|||||
Preferred
stock - $0.001 par value, 10,000,000 shares authorized; no
shares issued and outstanding
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-
|
-
|
|||
Common
stock - $0.001 par value; 90,000,000 shares authorized;
10,860,000 shares issued and outstanding
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10,860
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10,860
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|||
Additional
paid in capital
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16,340
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16,340
|
|||
Deficit
accumulated during the development stage
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(27,020)
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(25,643)
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|||
Total
Stockholders' Equity
|
180
|
1,557
|
|||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY
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$
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4,826
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$
|
8,103
|
For
the Three Months
Ended |
For
the Three Months
Ended |
From
Inception on August
3, |
||||||
REVENUES
|
$ | 50 | $ | 119 | $ | 261 | ||
COST
OF GOODS SOLD
|
- | 121 | 449 | |||||
GROSS
MARGIN
|
50 | (2) | (188) | |||||
OPERATING
EXPENSES
|
||||||||
Depreciation
expense
|
303 | 302 | 1,616 | |||||
Professional
fees
|
100 | 1,013 | 16,555 | |||||
General
and administrative
|
1,024 | 161 | 8,779 | |||||
Total
Operating Expenses
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1,427 | 1,476 | 26,950 | |||||
LOSS
FROM OPERATIONS
|
(1,377) | (1,478) | (27,138) | |||||
OTHER
INCOME
|
||||||||
Interest
income
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- | - | 118 | |||||
Total
Other Income
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- | - | 118 | |||||
LOSS
BEFORE INCOME TAXES
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(1,377) | (1,478) | (27,020) | |||||
INCOME
TAX EXPENSE
|
- | - | - | |||||
NET
LOSS
|
$ | (1,377) | $ | (1,478) | $ | (27,020) | ||
BASIC
LOSS PER SHARE
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(0.00) | (0.00) | ||||||
WEIGHTED
AVERAGE NUMBER OF SHARES
OUTSTANDING
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10,860,000 | 10,860,000 |
Common
Stock
|
Additional Paid-in |
Accumulated
|
Total Stockholders' |
||||||||||
Shares
|
Amount
|
Capital
|
Deficit
|
Equity
|
|||||||||
Balance
August 3, 2007
|
- | $ | - | $ | - | $ | - | $ | - | ||||
Common
stock issued for cash at $0.001 per
share
|
10,000,000 | 10,000 | - | - | 10,000 | ||||||||
Common
stock issued for cash at $0.02 per
share
|
860,000 | 860 | 16,340 | - | 17,200 | ||||||||
Net
loss from inception through October 31,
2008
|
- | - | - | (25,643) | (25,643) | ||||||||
Balance,
October 31, 2008
|
10,860,000 | 10,860 | 16,340 | (25,643) | 1,557 | ||||||||
Net
loss for the three months ended through January 31,
2009
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- | - | - | (1,377) | (1,377) | ||||||||
Balance,
January 31, 2009
|
10,860,000 | $ | 10,860 | $ | 16,340 | $ | (27,020) | $ | 180 |
For
the Three Months
Ended |
For
the Three Months
Ended |
From
Inception on August
3, |
||||||
OPERATING
ACTIVITIES
|
||||||||
Net loss
|
$ | (1,377) | $ | (1,478) | $ | (27,020) | ||
Adjustments
to reconcile net loss to
|
||||||||
net
cash used by operating activities:
|
||||||||
Depreciation
expense
|
303 | 302 | 1,515 | |||||
Changes
in operating assets and liabilities:
|
||||||||
Changes
in inventory
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- | - | - | |||||
Changes
in accounts payable
|
(3,900) | 770 | 2,747 | |||||
Net
Cash Used by
|
||||||||
Operating
Activities
|
(4,974) | (406) | (22,758) | |||||
INVESTING
ACTIVITIES
|
||||||||
Increase
in fixed assets and other assets
|
- | - | (6,046) | |||||
Net
Cash Used by
|
||||||||
Operating
Activities
|
- | - | (6,046) | |||||
FINANCING
ACTIVITIES
|
||||||||
Proceeds
from common stock issued
|
- | - | 27,200 | |||||
Proceeds
from loans
|
2,000 | - | 2,000 | |||||
Net
Cash Provided by
|
||||||||
Financing
Activities
|
2,000 | - | 29,200 | |||||
NET
DECREASE IN CASH
|
(2,974) | (406) | 396 | |||||
CASH
AT BEGINNING OF PERIOD
|
3,370 | 17,732 | - | |||||
CASH
AT END OF PERIOD
|
$ | 396 | $ | 17,326 | $ | 396 | ||
SUPPLEMENTAL
DISCLOSURES OF
|
||||||||
CASH
FLOW INFORMATION
|
||||||||
CASH
PAID FOR:
|
||||||||
Interest
|
$ | - | $ | - | $ | - | ||
Income
Taxes
|
$ | - | $ | - | $ | - |
Restatements
Made to the Balance Sheet
|
|||
As
Previously Reported
|
Adjustment
|
As
Restated
|
|
Year
Ended October 31, 2008
|
|||
Total
Current Liabilities
|
4,000
|
2,546
|
6,546
|
Deficit
accumulated during the development stage
|
(23,097)
|
2,546
|
(25,643)
|
Total
Stockholders' Equity
|
4,103
|
2,546
|
1,557
|
Restatements
Made to the Statement of Operations
|
|||
As
Previously Reported
|
Adjustment
|
As
Restated
|
|
Year
Ended October 31, 2008
|
|||
Total
Operating Expenses
|
7,873
|
2,546
|
10,419
|
Net
Loss
|
(15,330)
|
2,546
|
(17,876)
|
Restatements
Made to the Statement of Stockholders' Equity
|
|||
As
Previously Reported
|
Adjustment
|
As
Restated
|
|
Year
Ended October 31, 2008
|
Net
Loss for the Year Ended October 31, 2008
|
(19,097)
|
2,546
|
(21,876)
|
||||
Balance
as of October 31, 2008
|
(23,097)
|
2,546
|
(25,643)
|
Restatements
Made to the Statements of Cash Flows
|
|||
No
Effect
|
Exhibit
Number
|
Description
of Exhibit
|
Jumpkicks,
Inc.
|
|
Date:
|
March
23, 2008
|
By: /s/Richard
Douglas
Richard
Douglas
Title: Chief
Executive Officer and
Director
|