Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2010
OR
|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________ to _________
Commission file number:
BOSTON THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 27-0801073
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
33 South Commercial St. 03101
Manchester, NH
-------------------------------------- --------
(Address of principal executive offices) (Zip Code)
603-935-9799
------------
(Registrant's telephone number, including area code)
Avanyx Therapeutics, Inc.
12 Appleton Circle, Newton, MA 02459
---------------------------------------------------
(Former name, former address and former fiscal year,
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 preceding 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 |_| No |X|
Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T
(ss.232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit and post such files).
Yes |_| No |_| (the Registrant is not yet required to submit Interactive Data)
Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act.
Large accelerated filer |_| Accelerated filer |_|
Non-accelerated filer |_| Smaller Reporting Company |X|
(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 |_| No |X|
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Class Outstanding at November 11, 2010
-------------------------------------- -----------------------------------
Common Stock, $0.001 par value per share 14,041,236 shares
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BOSTON THERAPEUTICS, INC.
(formerly Avanyx Therapeutics, Inc.)
FORM 10-Q
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION 4
Item 1. Financial Statements 4
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations 10
Item 3. Quantitative and Qualitative Disclosures About
Market Risk 13
Item 4T. Controls and Procedures 13
PART II - OTHER INFORMATION 14
Item 1. Legal Proceedings 14
Item 1A. Risk Factors 14
Item 2. Unregistered Sales of Equity Securities and Use
of Proceeds 14
Item 3. Defaults Upon Senior Securities 14
Item 4. (Removed and Reserved) 14
Item 5. Other Information 14
Item 6. Exhibits 15
SIGNATURES 16
Except as otherwise required by the context, all references in this report
to "we", "us", "our", "BTI" or "Company" refer to the consolidated operations of
Boston Therapeutics, Inc., a Delaware corporation, formerly called Avanyx
Therapeutics, Inc., and its wholly owned subsidiaries.
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PART I - FINANCIAL INFORMATION
Boston Therapeutics, Inc.
(formerly Avanyx Therapeutics, Inc.)
(A Development Stage Company)
Balance Sheets
September 30, 2010 and December 31, 2009 (Unaudited)
September 30, December 31,
2010 2009
ASSETS
Cash $ 30,149 $ 23,530
--------- ---------
Total current assets 30,149 23,530
--------- ---------
Total assets $ 30,149 $ 23,530
========= =========
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable $ 56,561 $ 48,254
Accrued expenses 126,634 53,350
Advances - related party 123,252 --
--------- ---------
Total current liabilities $ 306,447 $ 101,604
Advances - related party -- 49,747
--------- ---------
Total liabilities 306,447 151,351
Stockholders' deficit:
Preferred stock, $0.001 par value,
5,000,000 shares authorized,
none issued and outstanding -- --
Common stock, $0.001 par value,
100,000,000 shares authorized,
10,031,236 and 10,000,000 shares
issued and outstanding at
September 30, 2010 and December 31,
2009 respectively 10,031 10,000
Additional paid-in capital 21,205 --
Deficit accumulated during the development stage (307,534) (137,821)
--------- ---------
Total stockholders' deficit (276,298) (127,821)
--------- ---------
Total liabilities and stockholders' deficit $ 30,149 $ 23,530
========= =========
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Boston Therapeutics, Inc.
(formerly Avanyx Therapeutics, Inc.)
(A Development Stage Company)
Statements of Operations
For the Three and Nine Month Periods Ended September 30, 2010
and the Period from Inception (August 24, 2009) through September 30, 2010
(Unaudited)
----------------------------------------------------------------------------------------------------------
Three Months Nine Months Period From Inception
Ended Ended (August 24, 2009) to
September 30, September 30, September 30, September 30,
2010 2010 2010 2009
---------------- ------------- -------------- ---------------
Operating expenses:
General and administrative $ 69,454 $ 165,208 $ 302,102 $ 54,100
------------ ------------ ------------ ------------
Total operating expenses 69,454 165,208 302,102 54,100
------------ ------------ ------------ ------------
Interest expense-related party 1,902 4,505 5,432 --
------------ ------------ ------------ ------------
Net loss $ (71,356) $ (169,713) $ (307,534) $ (54,100)
============ ============ ============ ============
Net loss per share - basic and diluted $ (0.01) $ (0.02)
============ ============
Weighted average shares outstanding
- basic and diluted 10,031,236 10,020,569
============ ============
5
Boston Therapeutics, Inc.
(formerly Avanyx Therapeutics, Inc.)
(A Development Stage Company)
Statements of Cash Flows
For the Three and Nine Month Periods Ended September 30, 2010
and the Period from Inception (August 24, 2009) through September 30, 2010
(Unaudited)
--------------------------------------------------------------------------------
Nine Months Period From Inception
Ended (August 24, 2009) to
September 30, September 30,
2010 2010
------------ ------------
Cash flows from operating activities:
Net loss $(169,713) $(307,534)
Adjustments to reconcile net loss to cash
used in operating activities:
Increase in:
Accounts payable 8,307 56,561
Accrued expenses 73,284 126,634
------------ ------------
Net cash used in operating activities (88,122) (124,339)
------------ ------------
Cash flows from financing activities
Proceeds from advances - related party 73,505 123,252
Proceeds from investment in capital
stock - related party -- 10,000
Proceeds from investment in capital stock 21,236 21,236
------------ ------------
Net cash provided by financing activities 94,741 154,488
------------ ------------
Net increase in cash and cash equivalents 6,619 30,149
Cash and cash equivalents, beginning of period 23,530 --
------------ ------------
Cash and cash equivalents, end of period $ 30,149 $ 30,149
------------ ------------
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest $ - $ -
============ ============
Income taxes $ - $ -
============ ============
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Boston Therapeutics, Inc.
(formerly Avanyx Therapeutics, Inc.)
(A Development Stage Company)
Notes to Financial Statements
For the Three and Nine Month Periods Ended September 30, 2010 and the Period
from Inception (August 24, 2009) to September 30, 2010
1. GENERAL ORGANIZATION AND BUSINESS
On November 10, 2010, Avanyx Therapeutics, Inc. entered into an
Agreement and Plan of Merger with Boston Therapeutics, Inc. ("BTI").
BTI is in the business of developing, manufacturing and selling, among
other things, dietary supplements including its initial product,
SugarDown(TM), a complex carbohydrate based dietary supplement based
upon the BTI's proprietary processes and technology. SugarDown(TM) is
currently in the initial stage of market introduction. The Company
believes that SugarDown(TM) has significant revenue and positive cash
flow potential.
Under the terms of the agreement, BTI merged into the Company with the
Company being the surviving entity. Avanyx Therapeutics, Inc. issued
4,000,000 shares of common stock to the stockholders of BTI in exchange
for all the outstanding common stock of BTI, and the Company's name was
changed to Boston Therapeutics, Inc. The Company's CEO is also a
founder and 10% shareholder of BTI.
Due to the timing of the acquisition of BTI, the Company has not
completed the initial accounting for the business combination including
valuation of consideration transferred, each class of assets acquired
and liabilities assumed.
Boston Therapeutics, Inc., formerly Avanyx Therapeutics, Inc. (the
"Company") was incorporated under the laws of the state of
Delaware on August 24, 2009. The Company's initial focus is
to develop products intended to treat oxygen deprivation in tissue and
organs. Oxygen deprivation is present in conditions such as anemia,
ischemia and trauma. The Company's initial BLOODBOOSTER(TM) product,
called IPOXYN(TM), is designed to deliver oxygen to affected sites. The
Company's initial objective is to obtain near-term toxicity data in a
Phase I clinical trial with the Food and Drug Administration ("FDA").
The Company has minimal operations and is considered to be in the
development stage as of September 30, 2010.
The accompanying financial statements have been prepared assuming the
Company will continue as a going concern. The Company is a recently
formed entity with limited resources and operating history. As shown in
the accompanying financial statements, the Company has incurred net
losses of $307,534 for the cumulative period from August 24, 2009
(inception) to September 30, 2010 and has negative working capital of
$276,298. The future of the Company is dependent upon its ability to
obtain financing and upon future profitable operations from the
development of its new business opportunities. If the Company is unable
to obtain additional financing, it may be required to cease operations.
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Management has plans to seek additional capital through private
placements and public offerings of its common stock. The Company filed
a Registration Statement on Form S-1 to the Securities and Exchange
Commission ("SEC") which became effective on October 15, 2010 ("Form
S-1"). The Company wishes to sell in a self-directed offering
15,000,000 shares of newly issued common stock. There can be no
assurance that the Company will be successful in accomplishing its
objectives. Without such additional capital, the Company may be
required to cease operations.
These conditions raise substantial doubt about the Company's ability to
continue as a going concern. The financial statements do not include
any adjustments relating to the recoverability and classification of
recorded assets, or the amounts of and classification of liabilities
that might be necessary in the event the Company cannot continue in
existence.
2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
Basis of Presentation
The accompanying unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United
States of America ("US GAAP") for interim financial information and the
rules of the Securities and Exchange Commission for quarterly reports
on Form 10-Q. It is suggested that these consolidated condensed
financial statements be read in conjunction with the Company's
financial statements for its period ended December 31, 2009 included in
its Form S-1. In the opinion of management, the statements contain all
adjustments, including normal recurring adjustments necessary in order
to present fairly the financial position as of September 30, 2010 and
the results of operations for the three and nine month periods ended
September 30, 2010 and the period from inception (August 24, 2009)
through September 30, 2010.
The year-end balance sheet data was derived from the audited financial
statements but does not include all disclosures required by accounting
principles generally accepted in the United States of America.
The results disclosed in the Statements of Operations for the nine
months ended September 30, 2010 are not necessarily indicative of the
results to be expected for the full fiscal year.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP
requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent
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.
Loss per Share
Basic net loss per share is computed based on the net loss for the
period divided by the weighted average actual shares outstanding during
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the period. Diluted net loss per share is computed based on the net
loss for the period divided by the weighted average number of common
shares and common equivalent shares outstanding during each period
unless the effect of such common equivalent shares would be
anti-dilutive. Common stock equivalents represent the dilutive effect
of the assumed exercise of certain outstanding stock options using the
treasury stock method. There were no dilutive financial instruments
issued or outstanding for the period ending September 30, 2010.
Fair Value of Financial Instruments
Considerable judgment is required in estimating the fair value of the
Company's financial instruments. Accordingly, the estimates of fair
value may not be indicative of the amounts the Company could realize in
a current market exchange. As of September 30, 2010, the carrying value
of cash and cash equivalents, accounts payable, accrued expenses and
related party advances approximated fair value due to their short-term
nature.
3. STOCKHOLDERS' EQUITY
The Company is authorized to issue up to 5,000,000 shares of its $0.001
par value preferred stock and up to 100,000,000 shares of its $0.001
par value common stock.
Preferred Stock
No shares of preferred stock have been issued and the terms of such
preferred stock have not been designated by the Board of Directors.
Common Stock
On August 26, 2009, the Company issued 10,000,000 shares of its $0.001
par value common stock to its two founders. Eight million shares were
issued to the Company's Chief Executive Officer ("CEO"), Chairman of
the Board of Directors and co-founder, in exchange for a patent, a
provisional patent and know-how. In accordance with ASC 845-10-S99,
Transfers of Non-monetary Assets from Promoters or Shareholders, the
transfer of nonmonetary assets to a company by its shareholders in
exchange for stock prior to the Company's initial public offering
should be recorded at the transferor's historical cost basis determined
under GAAP. As a result, the value of the patent, provisional patent
and know-how was valued at the CEO's historical cost basis of zero
because no records exist to support an historical cost basis in
accordance with GAAP. The patent and provisional patent were assigned
to the Company on December 10, 2009. An additional 2,000,000 shares
were issued to the co-founder for $10,000 in cash during 2009.
On March 31, 2010, the Company issued 20,000 shares of its $0.001 par
value common stock to a third party for $10,000 in cash. On April 9,
2010, the Company issued 11,236 shares of common stock to a third party
in exchange for $11,236. No other issuances of preferred or common
stock have been made except as noted in Note 5 Subsequent Events
4. RELATED PARTY TRANSACTIONS
The CEO advanced $117,820 to the Company to fund start-up costs. This
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advance will be repaid to the CEO once the Company raises sufficient
capital or March 31, 2011, whichever comes first. Advances by the CEO
carry interest at the rate of 6.5%. As of September 30, 2010, $5,432
had been recorded as interest expense-related party and included in
Advances-related party on the accompanying balance sheet. The CEO
intends to fund the Company's start-up costs in this manner until the
Company raises sufficient capital.
5. SUBSEQUENT EVENTS
The Company has evaluated events and transactions that occurred between
September 30, 2010 through the date of filing, for possible disclosure
and recognition in the financial statements.
On October 4, 2010, the Company issued 10,000 shares of common stock in
exchange for $10,000 cash to a third party.
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations
The following discussion and analysis is based on, and should be read in
conjunction with the unaudited condensed consolidated financial statements and
the notes thereto included elsewhere in this Form 10-Q . This Quarterly Report
on Form 10-Q contains "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. These statements are
often identified by the use of words such as "may," "will," "expect," "believe,"
"anticipate," "intend," "could," "estimate," or "continue," and similar
expressions or variations. Such forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results and the timing
of certain events to differ materially from future results expressed or implied
by such forward-looking statements. The forward-looking statements in this
Quarterly Report on Form 10-Q represent our views as of the date of this
Quarterly Report on Form 10-Q. We anticipate that subsequent events and
developments will cause our views to change. However, while we may elect to
update these forward-looking statements at some point in the future, we have no
current intention of doing so except to the extent required by applicable law.
You should, therefore, not rely on these forward-looking statements as
representing our views as of any date subsequent to the date of this Report on
Form 10-Q.
The following discussion should be read in conjunction with our financial
statements.
Overview
We are a development-stage company that was formed on August 24, 2009.
Our Chief Executive Officer ("CEO") and founder has contributed a provisional
patent, a patent and know-how to the Company. In accordance with ASC 845-1-S99,
Transfers of Non-Monetary Assets from Promoters or Shareholders, the transfer of
non-monetary assets to a company by its shareholders in exchange for stock prior
to the Company's initial public offering should be recorded at the transferor's
historical cost basis determined under GAAP. Because no records exist to support
Boston Therapeutics, Inc. ("BTI"). BTI is in the business of developing,
10
a historical cost basis in accordance with GAAP, the patent, provisional patent
and know-how were valued at the CEO's historical cost basis of zero.
On November 10, 2010, we entered into an Agreement and Plan of Merger with
manufacturing and selling, among other things, dietary supplements including its
initial product, SugarDown(TM), a complex carbohydrate based dietary supplement
based upon the BTI's proprietary processes and technology. SugarDown(TM) is
currently in the initial stage of market introduction. We believe that
SugarDown(TM) has significant revenue and positive cash flow potential.
We issued 4,000,000 shares of common stock to the stockholders of BTI in
exchange for all the outstanding common stock of BTI, and the Company's name was
changed to Boston Therapeutics, Inc. The CEO is also a founder and 10%
shareholder of BTI.
We must raise new capital to continue our business operations and intend to use
the provisional patent, patent and know-how contributed by our CEO and the
assets acquired from BTI (as described in Note 1 to the unaudited condensed
consolidated financial statements included elsewhere in this Form 10-Q) to raise
capital. Our CEO intends to provide minimal cash to fund critical needs until
shares are sold to raise capital. We anticipate the need for approximately
$5,000,000 in additional funding to support the planned expansion of our
operations over the next approximately 12 months. The Company filed a
Registration Statement on Form S-1 to the Securities and Exchange Commission
("SEC") registering a self-directed offering of 15,000,000 shares of its common
stock. There is no guarantee that this offering will be successful.
Results of Operations
Three months ended September 30, 2010
General and administrative expense for the three months ended September 30, 2010
was $69,454. This consists primarily of legal and accounting fees associated
with the Form S-1 filing and quarterly financial statements for the Company.
We had no research and development expense for the three months ended September
30, 2010.
Nine months ended September 30, 2010
General and administrative expense for the nine months ended September 30, 2010
was $165,208. This consists primarily of legal and accounting fees associated
with the Form S-1 filing and quarterly financial statements for the Company.
We had no research and development expense for the nine months ended September
30, 2010.
Period from Inception (August 24, 2009) through December 31, 2009
General and administrative expense for the period from inception through
December 31, 2009 was $136,894. This consists primarily of legal and accounting
fees associated with the start-up and Form S-1 filing for the Company.
We had no research and development expense for the period ending December 31,
2009.
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Liquidity and Capital Resources
As of September 30, 2010
As of September 30, 2010, we had cash of $30,149, accounts payable and accrued
expenses of $183,195, all of which were current liabilities, and an advance
payable including accrued interest to our CEO of $123,252. The $123,252 will be
repaid to our CEO once we raise sufficient cash or March 31, 2011, whichever is
sooner. On October 4, 2010, the Company issued 10,000 shares of common stock in
exchange for $10,000 cash.
We have not yet received any revenues from our development stage operations, nor
have we otherwise engaged in any business operations. The absence of revenues
and known adequate, available financing results in an uncertainty regarding the
Company's ability to continue as a going concern.
Management has plans to seek additional capital through private placements and
public offerings of its common stock, including the registered self-directed
offering described above. There can be no assurance that the Company will be
successful in accomplishing its objectives. Without such additional capital, the
Company may be required to cease operations.
Our CEO intends to continue to provide minimal cash to fund critical needs until
shares are sold to raise capital.
Our CEO contributed a patent, a provisional patent, pending trademark
applications and know-how to the Company. We intend to use the assets to raise
the capital required to fund operations. In accordance with ASC 845-1-S99,
Transfers of Non-Monetary Assets from Promoters or Shareholders, the transfer of
non-monetary assets to a company by its shareholders in exchange for stock prior
to the Company's initial public offering should be recorded at the transferor's
historical cost basis determined under GAAP. Because no records exist to support
a historical cost basis in accordance with GAAP, the patent, provisional patent,
pending trademark applications and know-how were valued at the CEO's historical
cost basis of zero.
Other than our CEO's intention to provide minimal cash, we have no current
commitment from our officers and directors or any of our shareholders, to
supplement our operations or provide us with financing in the future. If we are
unable to raise additional capital from conventional sources and/or additional
sales of stock in the future, we may be forced to curtail or cease our
operations. Even if we are able to continue our operations, the failure to
obtain financing could have a substantial adverse effect on our business and
financial results. In the future, we may be required to seek additional capital
by selling debt or equity securities, and we may be required to cease
operations, or otherwise be required to bring cash flows in balance when we
approach a condition of cash insufficiency. The sale of additional equity or
debt securities, if accomplished, may result in dilution to our then
shareholders. We provide no assurance that financing will be available in
amounts or on terms acceptable to us, or at all.
Contractual obligations
Other than the Agreement and Plan of Merger with Boston Therapeutics, Inc.
("BTI") discussed in Note 1 to the financial statements, we do not
currently have any other material contractual obligations.
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Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements that have, or are reasonably
likely to have, a current or future material effect on our consolidated
financial condition, results of operations, liquidity, capital expenditures or
capital resources.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are
not required to provide the information requested by this item, as provided by
Regulation S-K Item 305(e).
Item 4T. Controls and Procedures
Disclosure Controls and Procedures
Pursuant to Rules 13a-15(b) and 15-d-15(b) under the Securities Exchange Act of
1934, as amended ("Exchange Act"), the Company carried out an evaluation, with
the participation of the Company's management, including the Company's Chief
Executive Officer and Chief Financial Officer ("CEO/CFO") (the Company's
principal financial and accounting officer), of the effectiveness of the
Company's disclosure controls and procedures (as defined under Rules 13a-15(e)
and 15d-15(e) under the Exchange Act) as of the end of the period covered by
this report. Based upon that evaluation, the Company's CEO/CFO concluded that
the Company's disclosure controls and procedures were effective as of September
30, 2010 to ensure that information required to be disclosed by the Company in
the reports that the Company files or submits under the Exchange Act, is
recorded, processed, summarized and reported, within the time periods specified
in the SEC's rules and forms, and that such information is accumulated and
communicated to the Company's management, including the Company's CEO/CFO, as
appropriate, to allow timely decisions regarding required disclosure.
Changes in Internal Control Over Financial Reporting
There have not been any changes in the Company's internal control over financial
reporting (as such term is defined in Rules 13a-15(f) under the Exchange Act)
during the fiscal period to which this report relates that have materially
affected, or are reasonably likely to materially affect, the Company's internal
control over financial reporting.
The Company's management, including the Company's CEO/CFO, does not expect that
the Company's internal control over financial reporting will prevent all errors
and all fraud. Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements. Also, 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 or compliance with the policies or procedures may deteriorate.
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PART II - OTHER INFORMATION
Item 1. Legal Proceedings
None.
Item 1A. Risk Factors
As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are
not required to provide the information requested by this item, as provided by
Regulation S-K Item 305(e).
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. (Removed and Reserved)
Item 5. Other Information
None.
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Item 6. Exhibits
Exhibit No. Title of Document
--------------- --------------------------------------------------------------
31.1 Certification of Principal Executive Officer pursuant to Rule
13a-14 and Rule 15d-14(a), promulgated under the Securities
and Exchange Act of 1934, as amended*
31.2 Certification of Principal Financial Officer pursuant to Rule
13a-14 and Rule 15d 14(a), promulgated under the Securities
and Exchange Act of 1934, as amended*
32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of
2002 (Chief Executive Officer)**
32.2 Certification pursuant to Section 906 of Sarbanes Oxley Act of
2002 (Chief Financial Officer)**
*Filed as an exhibit hereto.
**These certificates are furnished to, but shall not be deemed to be filed with,
the Securities and Exchange Commission.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, there unto duly
authorized.
BOSTON THERAPEUTICS, INC.
Date: November 22, 2010 By: /s/ David Platt
---------------------------
David Platt
Chief Executive Officer and
Chief Financial Officer
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