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EX-31.1 - EXHIBIT 31.1 - IMK GROUP, INC.ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - IMK GROUP, INC.ex32-1.htm
EXCEL - IDEA: XBRL DOCUMENT - IMK GROUP, INC.Financial_Report.xls
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 10-Q
 
                (Mark One)
 
[X]
Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended August 31, 2011

 
[  ]
Transition Report under Section 13 or 15(d) of the Exchange Act for the Transition Period from ________ to ___________

Commission File Number: 333-123611

FUTURA PICTURES, INC.
(Exact name of small business issuer as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)
56-2495218
(I.R.S. Employer Identification No.)

17337 Ventura Boulevard, Suite 305
Encino, California    91316
Issuer's Telephone Number:  (818) 784-0040
(Address and phone number of principal executive offices)

Indicate by a check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [_]

Indicate  by  check  mark   whether  the   registrant   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 [X]   No [_]

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  o
Accelerated filer  o
   
Non-accelerated filer  o
(Do not check if smaller reporting company)
Smaller reporting company  x

Check whether the issuer is a “shell company” as defined in Rule 12b-2 of the Exchange Act  Yes [_]  No [X ]

As of October 6, 2011 the issuer had 1,599,750 shares of common stock outstanding.

 
 

 
 
INDEX TO QUARTERLY REPORT
ON FORM 10-Q


PART I
FINANCIAL INFORMATION
Page
     
Item 1.
Financial Statements (Unaudited)
3
 
Condensed Balance Sheets
August 31, 2011 and February 28, 2011
 
4
 
Condensed Statements of Operations
For the Three- and Six-Month Periods
Ended August 31, 2011 and 2010
 
 
5
 
Condensed Statements of Stockholders’ Deficit
For the Six Months Ended August 31, 2011
 
6
 
Condensed Statements of Cash Flows
For the Six Months Ended August 31, 2011
and 2010
 
 
7
 
Notes to Financial Statements
8
     
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
11
     
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
16
     
Item 4
Controls and Procedures
16
     
PART II
OTHER INFORMATION
 
     
Item 1.
Legal Proceedings
17
     
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
17
     
Item 3.
Defaults upon Senior Securities
17
     
Item 4.
Removed and Reserved
17
     
Item 5.
Other Information
17
     
Item 6.
Exhibits
17
     
Signatures
18
 
 
2

 
 
PART I
FINANCIAL INFORMATION

ITEM 1.                 FINANCIAL STATEMENTS

(Financial Statements Commence on Following Page)
 
 
 
 
 
 
 
 
 
 
3

 
 
FUTURA PICTURES, INC.
CONDENSED BALANCE SHEETS
 
 
   
August 31,
2011
(Unaudited)
   
February 28,
2011
 
ASSETS
           
             
Cash
  $ 1,681     $ 9,683  
Accounts receivable
    1,333       3,204  
Prepaid expenses
    646       828  
                 
TOTAL CURRENT ASSETS
    3,660       13,715  
                 
Deposits
    900       900  
                 
TOTAL ASSETS
  $ 4,560     $ 14,615  
                 
                 
                 
LIABILITIES
               
                 
Line of credit
  $ 39,471     $ 39,421  
Accrued expenses
    35,288       35,903  
Unearned revenue
    14,590       14,590  
Accrued interest – related party
    14,466       11,382  
Loan payable – related party
    82,492       72,754  
                 
TOTAL LIABILITIES
    186,307       174,050  
                 
STOCKHOLDERS’ EQUITY (DEFICIT)
               
                 
Common stock, par value $0.0001 per share
Authorized – 100,000,000 shares
Issued and outstanding – 1,599,750 shares
    160       160  
Additional paid-in capital
    296,204       275,404  
Retained deficit
    (478,111 )     (434,999 )
                 
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)
    (181,747 )     (159,435 )
                 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
  $ 4,560     $ 14,615  
 
 
The accompanying notes are an integral part of these financial statements.
 
 
4

 
 
FUTURA PICTURES, INC.
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED AUGUST 31, 2011 AND 2010
(UNAUDITED)
 
 
   
For the Three
Months Ended
August 31, 2011
   
For the Three
Months Ended
August 31, 2010
   
For the Six
Months Ended
August 31, 2011
   
For the Six
Months Ended
August 31, 2010
 
                         
REVENUE
  $ 20,246     $ 6,006     $ 40,491     $ 15,420  
                                 
COST OF REVENUE
    5,017       905       9,319       1,952  
                                 
GROSS PROFIT
    15,229       5,101       31,172       13,468  
                                 
OPERATING EXPENSES
                               
Selling, general and administrative
    40,875       15,158       67,000       30,092  
                                 
TOTAL OPERATING EXPENSES
    40,875       15,158       67,000       30,092  
                                 
(LOSS) FROM OPERATIONS
    (25,646 )     (10,057 )     (35,828 )     (16,624 )
                                 
OTHER INCOME (EXPENSE)
                               
Other income
    -       -       1,204       -  
Interest expense
    (3,895 )     (1,369 )     (7,688 )     (2,815 )
                                 
TOTAL OTHER INCOME (EXPENSE)
    (3,895 )     (1,369 )     (6,484 )     (2,815 )
                                 
(LOSS) BEFORE INCOME TAXES
    (29,541 )     (11,426 )     (42,312 )     (19,439 )
                                 
Income tax expense
    -       -       800       800  
                                 
NET (LOSS)
  $ (29,541 )   $ (11,426 )   $ (43,112 )   $ (20,239 )
                                 
NET (LOSS) PER COMMON SHARE
                               
Basic and diluted
  $ (0.02 )   $ (0.01 )   $ (0.03 )   $ (0.01 )
                                 
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
                               
Basic and diluted
    1,599,750       1,599,750       1,599,750       1,599,750  
 
 
The accompanying notes are an integral part of these financial statements.
 
 
5

 
 
FUTURA PICTURES, INC.
CONDENSED STATEMENT OF STOCKHOLDERS’ DEFICIT
FOR THE SIX MONTHS ENDED AUGUST 31, 2011
(UNAUDITED)

      Common Stock                          
      Shares       Amount    
  Additional
Paid-in Capital
      Retained Deficit    
  Total Stockholders’
Equity (Deficit)
 
Balance, March 1, 2011
    1,599,750     $ 160     $ 275,404     $ (434,999 )   $ (159,435 )
                                         
Contributed services
    -       -       20,800       -       20,800  
                                         
Net (loss) for the six months ended August 31, 2011
    -       -       -       (43,112 )     (43,112 )
                                         
Balance, August 31, 2011
    1,599,750     $ 160     $ 296,204     $ (478,111 )   $ (181,747 )
 
 
The accompanying notes are an integral part of these financial statements.
 
 
6

 
 
FUTURA PICTURES, INC.
CONDENSED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE SIX MONTHS ENDED AUGUST 31, 2011 AND 2010
(UNAUDITED)
 
 
   
2011
   
2010
           
CASH FLOWS FROM OPERATING ACTIVITIES:
         
Net (loss)
  $ (43,112 )   $ (20,239 )
Adjustments to reconcile net (loss) to net cash (used) by operating activities:
               
Amortization expense
    180       240  
Contributed services
    20,800       20,800  
Changes in operating assets and liabilities:
               
     Accounts receivable
    1,871       2,054  
     Prepaid expenses
    2       4  
     Accrued expenses
    2,469       3,215  
                 
  NET CASH PROVIDED (USED) BY  OPERATING ACTIVITIES
    (17,790 )     6,074  
                 
                 
CASH FLOWS FROM FINANCING ACTIVITIES:
               
Proceeds from line of credit
    50       -  
Proceeds from loan payable – related party
    13,250       500  
Repayment of loan payable – related party
    (3,512 )     (6,000 )
                 
  NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES
    9,788       (5,500 )
                 
NET INCREASE (DECREASE) IN CASH
    (8,002 )     574  
                 
CASH AT THE BEGINNING OF THE PERIOD
    9,683       1,344  
                 
CASH AT THE END OF THE PERIOD
  $ 1,681     $ 1,918  
                 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION                
                 
               Interest paid   $
4,604
    $
-
 
               Taxes paid   $
800
    $
800
 
 
 
The accompanying notes are an integral part of these financial statements.
 
 
7

 
 
FUTURA PICTURES, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
AUGUST 31, 2011 (UNAUDITED)


NOTE 1                 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

Futura Pictures, Inc. (the “Company”) was incorporated under the laws of the state of Delaware on December 10, 2003.  The Company was formed to engage in the production and the co-financing of films, documentaries and similar products produced solely for the distribution directly to the domestic and international home video markets.

Presentation

The interim financial statements of the Company are condensed and do not include some of the information necessary to obtain a complete understanding of the financial data.  Management believes that all adjustments (consisting of only normal recurring adjustments, unless otherwise noted) necessary for a fair presentation of results have been included in the unaudited financial statements for the interim period presented.  Operating results for the six months ended August 31, 2011 are not necessarily indicative of the results that may be expected for the year ended February 28, 2012.  Accordingly, your attention is directed to footnote disclosures found in the February 28, 2011 Annual Report and particularly to Note 1, which includes a summary of significant accounting policies.

Unclassified Balance Sheet

As required by ASC Topic 926, the Company has elected to present an unclassified balance sheet.

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 certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities.  These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations.  The Company’s actual results could vary materially from management’s estimates and assumptions.
 
 
8

 
 
Disclosure About Fair Value of Financial Instruments

The Company estimates that the fair value of all financial instruments at August 31, 2011 does not differ materially from the aggregate carrying values of its financial instruments recorded in the accompanying balance sheet.  The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies.  Considerable judgment is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not necessarily indicative of the amounts that the Company could realize in a current market exchange.
 
Recent Pronouncements

There are no recently issued accounting standards with pending adoptions that the Company’s management currently anticipates will have any material impact upon its financial statements.
 
NOTE 2                 SIGNIFICANT UNCERTAINTY REGARDING THE COMPANY’S ABILITY TO CONTINUE AS A GOING CONCERN AND MANAGEMENT PLANS
 
The Company has incurred significant losses over recent years and currently has a working capital deficit of approximately $182,000. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company's current financial resources are not considered adequate to fund its planned operations.  This condition raises substantial doubt about its ability to continue as a going concern.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
 
The Company's continuation as a going concern currently is dependent upon  timely  procuring  significant  external  debt  and/or  equity financing  to  fund  its  immediate  and  near-term  operations,  and subsequently realizing  operating  cash  flows  from sales of its film products  sufficient to sustain its  longer-term  operations and growth initiatives.  During the next 12 months the Company will be seeking to produce, or acquire another one or two “self-improvement/educational” DVDs, and to expand their library of workforce training programs.

 
9

 

NOTE 3                  UNEARNED REVENUE

On August 12, 2009, the Company signed an agreement with Gaiam America, licensing them the distribution rights to "The Five Secrets of Communication That Swept Obama to the Presidency." Under the terms of the agreement, Gaiam America will distribute the DVD throughout the world to the non-educational market. Further, pursuant to the agreement the Company received the $15,000 advance on September 14, 2009. Sales of the DVD under the Gaiam America distribution agreement commenced during the last quarter of fiscal 2010 and the company has recorded $410 of income since the effective date of the agreement, The Company had no related revenue recorded as of the six months ended August 31, 2011.

NOTE 4                 RELATED PARTY TRANSACTION

Prepaid Loan Commitment

On February 16, 2005, the Company’s President, Buddy Young, accepted an unsecured promissory note from the Company and agreed to lend up to $100,000 to the Company to fund any cash shortfalls through December 31, 2011.  The note bears interest at 8% and is due upon demand, no later than June 30, 2012.  The outstanding balance was $82,492 as of August 31, 2011.

NOTE 5                 STOCKHOLDERS’ DEFICIT

For the six months ended August 31, 2011 and 2010, the Company’s President devoted time to the development process of the Company.  Compensation expense totaling $20,800 has been recorded in each period.  The President has waived reimbursement of $20,800 during each of the six months ended August 31, 2011 and 2010, respectively, and accordingly the amounts have been recorded as a contribution to capital.

 
10

 

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

You should read this section together with our financial statements and related notes thereto included elsewhere in this report. In addition to the historical information contained herein, this report contains forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are not based on historical information but relate to future operations, strategies, financial results or other developments. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. Certain statements contained in this Form 10, including, without limitation, statements containing the words "believe," "anticipate," "estimate," "expect," "are of the opinion that" and words of similar import, constitute "forward-looking statements." You should not place any undue reliance on these forward-looking statements.
 
You should be aware that our results from operations could materially be effected by a number of factors, which include, but are not limited to the following: economic and business conditions specific to the motion picture, television, and home video industries; competition from other producers of home video content; and television documentaries, our ability to control costs and expenses, access to capital, and our ability to meet contractual obligations. There may be other factors not mentioned above or included elsewhere in this report that may cause actual results to differ materially from any forward-looking information.

CRITICAL ACCOUNTING POLICIES

Our discussion and analysis of our financial condition and results of operations are based upon our statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. In consultation with our Board of Directors, we have identified two accounting policies that we believe are key to an understanding of our financial statements. These are important accounting policies that require management's most difficult, subjective judgment.

Going Concern.  The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company's current financial resources are not considered adequate to fund its planned operations.  This condition raises substantial doubt about its ability to continue as a going concern.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
 
 
11

 
 
The Company's continuation as a going concern currently is dependent upon timely procuring significant external debt and/or equity financing to fund its immediate and near-term operations, and subsequently realizing operating cash flows from sales of its film products sufficient to sustain its longer-term operations and growth initiatives, including its desired marketing and new potential film screenplays.

Non-Cash Equity Issuances. We periodically issue shares of our common stock in exchange for, or in settlement of, services. Our management values the shares issued in such transactions at either the then market value of our common stock, as determined by the Board of Directors and after taking into consideration factors such as the volume of shares issued or trading restrictions, or the value of the services received, whichever is more readily determinable.

General

In November 2008, the Company commenced production on a 47 minute “self-improvement” DVD entitled, “The 5 Secrets of Communication That Swept Obama to the Presidency.”

The DVD uses video examples of President Barack Obama’s most memorable speeches to illustrate five essential secrets of effective public and personal communication.  International communication analyst and coach Richard Greene hosts the DVD and instructs in the system of communication techniques he created. The DVD was completed in February 2009, and is being sold via the internet and through distributors specializing in the sale of product to the educational market, i.e. libraries, universities etc., and to organizations for employee training.

Effective January 1, 2011, pursuant to an Asset Transfer, Assignment and Assumption Agreement, we acquired from Progressive Training, Inc. all its assets and liabilities related to Progressive’s workforce training business.

Three-Month Period Ended August 31, 2011 Compared to Three-Month Period Ended August 31, 2010

Revenues

Our revenues for the three months ended August 31, 2011 were $20,246. Revenues during the three months ended August 31, 2010 were $6,006. This increase in revenue resulted from the sales income and royalty earned from the marketing and distribution of "The Five Secrets of Communication That Swept Obama to the Presidency,” as well as income derived from the recently acquired training programs from Progressive Training.
 
The cost of revenues during the three months ended August 31, 2011, was $5,017. The cost of revenues during the three months ended August 31, 2010, was $905.

 
12

 
 
General and Administrative

To date, our expenses have consisted mainly of selling, general and administrative expenses.  The main components being compensation to the Company’s President, Buddy Young, in the amount of $10,400 per quarter, Mr. Young has waived reimbursement and the amount has been applied to additional paid-in capital, professional services and the amortization of our loan commitment fee.

During the three months ended August 31, 2011, we incurred a total of $40,875 selling, general and administrative expenses, compared to a total of $15,158 during the three months ended August 31, 2010. This represents an increase of $25,717. This increase is mainly the result of increased costs related to the acquisition of Progressive Training associated with the sales and marketing of additional videos and the staff of Progressive Training.
 
Interest Expense

We incurred $3,895 and $1,369 in interest expense during the three months ended August 31, 2011 and 2010, respectively. Of this amount, $1,596 and $1,369 is related to the interest charges we incur on our loan from Buddy Young in each period, respectively.  The remaining interest expense relates to a company credit card and our line of credit.

While we cannot guarantee the level of our expenses in the future, we anticipate them to increase as we develop or acquire new educational/self- improvement and training DVDs.
 
 
13

 
 
Six-Month Period Ended August 31, 2011 Compared to Six-Month Period Ended August 31, 2010

Revenues

Our revenues for the six months ended August 31, 2011 were $40,491. Revenues during the six months ended August 31, 2010, were $15,420.  This increase in revenue resulted from the sales income and royalty earned from the marketing and distribution of "The Five Secrets of Communication That Swept Obama to the Presidency,” as well as income derived from the recently acquired training programs from Progressive Training.
 
The cost of revenues during the six months ended August 31, 2011, was $9,319. The cost of revenues during the six months ended August 31, 2010, was $1,952.

General and Administrative

To date, our expenses have consisted mainly of selling, general and administrative expenses.  The main components being compensation to the Company’s President, Buddy Young, in the amount of $20,800, Mr. Young has waived reimbursement and the amount has been applied to additional paid-in capital, professional services and the amortization of our loan commitment fee.

During the six months ended August 31, 2011, we incurred a total of $67,000 selling, general and administrative expenses, compared to a total of $30,092 during the six months ended August 31, 2010. This represents an increase of $36,908. This increase is mainly the result of increased costs related to the acquisition of Progressive Training associated with the sales and marketing of additional videos and the staff of Progressive Training.

Interest Expense

We incurred $7,688 and $2,815 in interest expense during the six months ended August 31, 2011 and 2010, respectively. Of this amount, $3,084 and $2,815 is related to the interest charges we incur on our loan from Buddy Young in each period, respectively.  The remaining interest expense relates to a company credit card and our line of credit.

Plan of Operation

During the past twelve months we concentrated our efforts on expanding our domestic and international distribution network to handle the sales and marketing of “The Five Secrets of Communication That Swept Obama to the Presidency,” as well as any future self-improvement/educational programs that we produce or acquire. Additionally, in accordance with management’s decision to alter the Company’s business plan, we acquired a library of general workforce/management training programs from Progressive Training.
 
 
14

 
 
We anticipate that during the next 12 months our efforts will consist of: (a) raising funds through a private placement sale of equity, to be used for the purpose of adding to our library of programs, (b) improve the functionality and visibility of our website advancedknowledge.com,  (c) increase revenue by hiring additional commissioned sales personnel and expand our sub-distributor network, and (d) maximize the product potential of the training programs we recently acquired from Progressive Training by creating new marketing materials.

 We expect that cash resulting from the further sales and licensing of “The Five Communication Secrets That Swept Obama to the Presidency,” along with the revenue generated from the sale of our recently acquired programs and the funds provided to us by our president and principal shareholder, under a promissory note dated February 16, 2005, as amended, will be sufficient to fund our cash requirements to continue our efforts through February 2012.

If during the next twelve months our revenue is insufficient to continue operations, and we are unable to raise funds through the sale of additional equity, or from traditional borrowing sources, we may be required to scale back our planned operations, or be forced to totally abandon our business plan and seek other business opportunities in a related or unrelated industry. Such opportunities may include a reverse merger with a privately held company. The result of which could cause the existing shareholders to be severely diluted.

Employees

Due to our very limited financial resources, the Company’s President, Buddy Young, along with Joseph Adelman, and Mel Powell, our Director of acquisitions, work on a part-time basis. We have one part-time employee and one commissioned sales person.  Additionally, we regularly utilize the services of independent firms to handle our accounting and certain administrative matters. If and when our capital resource permits, we will hire full-time professional and administrative employees.

Liquidity and Capital Resources

We had a cash balance of $1,681 on August 31, 2011. Other than funds received from the sale of “The Five Communication Secrets That Swept Obama to the Presidency,” along with the training programs acquired from Progressive Training, at this time, our only other known cash resource comes from an agreement with our President and majority shareholder to fund any shortfall in cash flow up to $100,000 at 8% interest through December 31, 2011.  As of August 31, 2011 the balance owing on this agreement is $82,492. Payment of principal and interest is due on this loan on June 30, 2012.

 
15

 
 
We believe that revenue derived from the sale of the above mentioned programs and further borrowings from our President will be sufficient to satisfy our budgeted cash requirement through February 28, 2012.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
 
Based on the nature of our current operations, we have not identified any issues of market risk at this time.

ITEM 4.  CONTROLS AND PROCEDURES

The principal executive officer and principal financial officer of the Company, who are the same person (“the Certifying Officer”) with the assistance of advisors, evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in section 240.13a-14(c) and 240.15d-14(c) under the Exchange Act) within 90 days prior to the filing of this report. Based upon the evaluation, the Certifying Officer concludes that the Company’s disclosure controls and procedures are not effective in timely alerting management to material information relative to the Company which is required to be disclosed in its periodic filings with the SEC.

There were no significant changes in the Company’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
 
 
16

 
 
PART II
OTHER INFORMATION


ITEM 1.
LEGAL PROCEEDINGS     None.
   
ITEM 2.
UNREGISTERED SALE 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.
   
ITEM 6.
EXHIBITS
   
 
31.1
Certification of CEO Pursuant to Securities Exchange Act Rules 13a-14 and 15d-14, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
   
 
32.1
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
  101.INS** XBRL Instance
     
  101.SCH** XBRL Taxonomy Extension Schema
     
  101.CAL** XBRL Taxonomy Extension Calculation
     
  101.DEF** XBRL Taxonomy Extension Definition
     
  101.LAB** XBRL Taxonomy Extension Labels
     
  101.PRE** XBRL Taxonomy Extension Presentation
     
  ** XBRL information is furnished and not filed or a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.
 
 
 
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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, thereunto duly authorized.
 
 
 
FUTURA PICTURES, INC.
 
  (Registrant)  
     
       
Date:  October 11, 2011
By:
/s/ Buddy Young  
    Buddy Young, President and  
   
Chief Executive Officer
 


 
 
 
 
 
 
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