SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): August 14, 2009
HEALTHY
FAST FOOD, INC.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or other jurisdiction of
incorporation)
|
000-53130
(Commission
File
Number)
|
43-2092180
(IRS
Employer
Identification
No.)
|
1075
American Pacific, Suite C, Henderson, Nevada 89074
(Address
of principal executive
offices)
(Zip Code)
(702)
448-5301
Registrant's
telephone number, including area code
Not
applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.01
|
Completion
of Acquisition or Disposition of
Assets
|
Effective
August 14, 2009, the registrant closed its two Fresh and Fast restaurants, which
had been formerly operated as EVOS restaurants. The assets involved
in this discontinued operation are leasehold improvements, cash, rent deposits,
prepaid franchise fees and inventory.
As a
result of the closures, activities of the Fresh and Fast concept were accounted
for as discontinued operations in the unaudited financial statements included in
the registrant’s quarterly report on Form 10-Q for the quarter ended September
30, 2009, and will be reported as
discontinued operations in its
Form 10-K for the year ending on December 31, 2009. For the
nine months ended September 30, 2009, the registrant reported a loss of
$1,027,467 from the Fresh and Fast operations, including a loss on disposal of
$814,849.
At the
time of closure, the registrant was liable for the leases of the two abandoned
restaurants for a period of 21 months on one location and 48 months on the
other. In November 2009, the registrant reached an agreement with the
landlord of the location with the shorter lease term and settled the liability
for 21,244 restricted shares of the registrant’s common stock. The
registrant is negotiating with the other landlord.
Also at
the time of closure and continuing through the date of this report, the
registrant has been negotiating to sever its franchisee relationship with EVOS
USA, Inc.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
HEALTHY
FAST FOOD, INC.
|
|
February
5, 2010
|
By: /s/ Henry E.
Cartwright
Henry
E. Cartwright
President
|
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