UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

 X .    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2012

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 333-51918

FULLCIRCLE REGISTRY, INC.

(Exact Name of Registrant as Specified in Its Charter)

161 Alpine Drive, Shelbyville, KY 40065

(Address of Principal Executive Offices) (Zip Code)

(502) 410-4500

(Registrant’s Telephone Number, Including Area Code)

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, as amended, (the “Exchange Act”) 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  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 (§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. (Check one):

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes      . No  X .

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 111,632,620 Class A common shares  as of April 28, 2012.

FORM 10-Q

FULLCIRCLE REGISTRY, INC.

Table of Contents

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PART I – FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

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4

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NOTE 1. BASIS OF FINANCIAL STATEMENT PRESENTATION.

The information furnished herein was taken from the books and records of the Company without audit. However, such information reflects all adjustments, which are, in the opinion of management, necessary to properly reflect the results of the interim period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year.

The accompanying un-audited financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company’s most recent audited financial statements and notes thereto included in its December 31, 2011, Annual Report on Form 10-K. Operating results for the three months ended March 31, 2012, are not necessarily indicative of the results that may be expected for the year ending December 31, 2012.

NOTE 2. GOING CONCERN.

The accompanying Consolidated Financial Statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has suffered recurring losses, negative working capital and is dependent upon raising capital to continue operations. The Company has incurred losses resulting in an accumulated deficit of $8,513,468 and $8,443,723 as of March 31, 2012 and December 31, 2011, respectively.

The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is management’s plan to generate additional working capital by increasing revenue as a result of new sales and marketing initiatives and by raising additional capital from investors.

Management's plans with regards to these issues are as follows:

·

Locating and merging with other profitable private companies where the owners of these businesses are seeking liquidity and exit plans.

·

Expanding revenues by purchasing, or otherwise acquiring, profitable private businesses.

·

Continued development of Georgetown 14, our first acquisition, to increase revenues and profitability.

·

Locating and purchasing additional theaters.

·

Using the 68,000 name prescription customer database to provide the foundation of the FullCircle Prescription Service, Inc. business.

·

Attracting contractors and agents to independently market our prescription services.

·

Attracting contractors and agents to independently market our services and assist in our search for business candidates for acquisition.

·

Raising new investment capital, either in the form of equity or loans, sufficient to meet the Company's operating expenses until the revenues are sufficient to meet the Company’s operating expenses on an ongoing basis.

The Company cannot ascertain the eventual success of management's plans with any degree of certainty. No assurances can be given that the Company will be successful in raising immediate capital or that the Company will achieve profitability or positive cash flows.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described above. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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NOTE 3. STOCKHOLDERS’ EQUITY

During the three-month period ending March 31, 2012 the Company issued an aggregate amount of 875,000 restricted shares of the Company’s common stock for operating capital at $.04 per share to accredited investors, and issued 627,000 restricted shares for services at $.04 per share in the same period.

NOTE 4. SIGNIFICANT ACCOUNTING POLICIES

Effective July 1, 2009, in accordance with the provisions of GAAP the Company has revised its estimate of the useful life of the database asset from 15 years to 5 years from the date the assets were originally placed into service. According to GAAP this revised life is to be amortized prospectively over its remaining useful life and, therefore, has no impact on prior periods. The result substantially increases our G&A expenditures by $15,364 per quarter to $21,510 and increases our annual amortization by $61,456 to $86,040 per year.

Fair Value of Financial Instruments

On January 1, 2008, the Company adopted FASB ASC 820-10-50, “Fair Value Measurements”. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:

·

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

·

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

·

Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.

The carrying amounts reported in the balance sheets for the cash and cash equivalents, receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The carrying value of convertible notes payable approximates fair value because negotiated terms and conditions are consistent with current market rates as of March 31, 2012 and December 31, 2011.

Capital Structure

In accordance with ASC 505, “Equity,” the Company’s capital structure is as follows:

Preferred stock, authorized 10,000,000 shares of $.001 par value.   Class A issued and outstanding is 10,000. Class A preferred shares have no voting rights. Class B issued and outstanding is 300,600 shares.  The Class B shares have voting rights of 10 votes for 1 Preferred B share.  There is no publicly traded market for our preferred shares.

Common stock, authorized 200,000,000 shares of $.001 par value, issued and outstanding 111,632,620 on April 28, 2012 and 110,130,620 on December 31, 2011. The common stock has one vote per share. The common stock is traded on the OTCBB under the symbol FLCR.

The Company has not paid, nor declared, any dividends since its inception and does not intend to declare any such dividends in the foreseeable future. The Company's ability to pay dividends is subject to limitations imposed by Nevada law. Under Nevada law, dividends may be paid to the extent that the corporation's assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business.

Class B Preferred shares have a 2% preferred dividend, payable annually.

Use of Estimates in the Preparation of Consolidated Financial Statements

The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and expenses during the reporting period. In these Consolidated Financial Statements, assets, liabilities and expenses involve extensive reliance on management’s estimates. Actual results could differ

from those estimates.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

General

Where this Form 10-Q includes “forward-looking” statements within the meaning of Section 27A of the Securities Act, we desire to take advantage of the “safe harbor” provisions thereof. Therefore, FullCircle Registry, Inc., is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this Form 10-Q reflect our current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this Form 10-Q, the words “anticipates,” “believes,” “expects,” “intends,” “future” and similar expressions identify forward-looking statements. We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this section. We have based these forward-looking statements on our current expectations and projections about future events, including, among other things:

·

Attracting immediate financing;

·

Merging with or acquiring profitable private businesses.

·

Delivering a quality product that meets customer expectations;

·

Obtaining and expanding market acceptance of the products we offer; and

·

Competition in our market.

History

Our initial business began in 2000, with the formation of FullCircle Registry, Inc. We were initially a technology-based business that provided emergency document and information retrieval services. Our service included providing customers with secure storage and immediate access to their critical medical records, legal documents (living wills, powers of attorney, “do not resuscitate” orders, etc.), and emergency contact information.

In 2008 the new CEO Norman Frohreich developed plans to place FullCircle Registry, Inc. into a holding company and began developing new totally held companies.  Since that time the Company has established FullCircle Prescription Services, Inc., FullCircle Insurance Agency, Inc., and FullCircle Entertainment, Inc.

The new mission is to merge with or acquire profitable businesses into our subsidiary companies that will continue on as separate businesses owned by FullCircle Registry, Inc.

Because of the unavailability of funds the Company has been forced to limit the expansion of the business model.  We have had to be extremely conservative about spending Company funds on marketing, salaries and other expenses until more funds are available.  The speed of expanding the business model depends principally upon the available capital to fund filing costs associated with the requirements of the SEC for us to acquire additional businesses.

The developments of all marketing expenditures, brochures, mailings, etc. have been discontinued for now because of the lack of capital. There may be some residual revenues from previous activities, but at this time the Company cannot move forward with the business plan until we receive additional funding. We have protected and preserved cash by eliminating all-unnecessary expenditures.

Our Corporate Information

Our principal executive offices are located at 161 Alpine Drive, Shelbyville, Kentucky, 40065, and our telephone number is (502) 410-4500. Our current website addresses are www.fullcircleregistry.com, www.fullcirclerx.com, and www.medshelp4U.com. Our website and the information contained therein or connected thereto shall not be deemed to be incorporated into this report. Our websites will be revised and updated upon receipt of funds to reflect our new business model.

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SEC compliance and Regulations

The requirements for regulatory compliance continue to be difficult, and we are receiving new rules and changes on a monthly basis.  It is becoming most difficult for an emerging company to be able to afford all of the compliance costs.

The June Quarter Form 10-Q report requires the addition of a new Edgar process that increases our filing expenses by $4,000 for the first year.  The old HTML format is being eliminated and we are not required to file a new XBRL format with all SEC documents.  In the June Quarter report for 2013 the HTML format will be completely eliminated.  During this two-year period we are required to publish our 10Q and 10K reports in both formats.

Our Current Business:

Our current business plan involves the acquisition of small profitable businesses.  FullCircle Registry, Inc. has become a holding company with currently three subsidiaries.  They are FullCircle Entertainment, Inc., FullCircle Insurance Agency, Inc. and FullCircle Prescription Services, Inc.  Target companies are those in search of exit plans for the owners and are intended to continue autonomous operations as current ownership is phased out over a period of 3-5 years.

FullCircle Entertainment, Inc.

In 2010 we established a new company, FullCircle Entertainment, Inc. for the purpose of acquiring movie theaters and other entertainment venues.

On December 31, 2010, we purchased Georgetown 14, a movie theater complex in Indianapolis, Indiana.  

A summary of the Georgetown 14 acquisition follows:

·

The 8-acre property purchase price was $5.5 million.

·

The appraised value was $7.85 million.

·

Assumed mortgage was $5,047,841 with issuance of Company stock valued at $452,159.

·

24 employees.

·

This was an asset purchase only.  No liabilities other than the mortgage were assumed.

Our intention is to expand our movie operations and we are regularly in negotiations to acquire additional movie theaters.

As a result of the Company’s movie theatre activities and conversion of certain notes payable to equity, FullCircle Registry, Inc. has a positive net worth of $223,795 as of December 31, 2011.

In 2011 the Georgetown 14 theater revenues were impacted by major street construction in the area.  Our access six-lane street was at times reduced to one lane and the two exits of a major interstate were also under construction.  At times we experienced a reduction of attendance of up to 50%.  In late December 2011 the construction was completed, and in January 2012 our attendance and revenues returned to pre-construction levels.

Additional acquisitions were suspended until the Georgetown 14 complex returns to profitability.  It is expected that our acquisition of additional properties will occur after the March 2012 quarter is completed.

In January 2012 we received approval for $770,000 in loan funding to convert the remaining 12 screens at Georgetown 14 to digital from 35mm projection reels.  The digital conversion brings a crisper view with the new silver screens, and allows the exhibition of 3D movies on all screens.

The screens were installed in late January 2012 and Georgetown 14 was fully operational with digital projection on February 1, 2012

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FullCircle Insurance Agency, Inc.

The FullCircle Insurance Agency, Inc. was founded in August 2008. Until adequate funding is available, any operations of this company have been placed on hold.  The infrastructure has been designed and we are currently negotiating and interviewing opportunities and individuals.

Currently we have three major focus directions for this company.

1.

Provide exit plans for existing rural insurance agencies.

2.

Provide a one-stop shop for all insurance products with the addition of new products.

3.  

Estate planning assistance and consulting services with attorneys.

Our target acquisition candidates will be:

1.

An agency in a town with a population less than 50,000.

2.

A profitable agency that has gross revenues of $50,000 to $250,000.

3.

An agency owner that is over the age of 55.

Once the agencies are acquired through our subsidiary, FullCircle Insurance Agency, Inc., we will begin the process of adding products to their portfolios and services. Independent licensed insurance agents will service the agencies with the new products. Specialized agents will be engaged on a commissioned consulting basis. Our plans and infrastructure are developed and are ready for implementation. Some examples of our initial plans for our products and services are: Medicare Services, Prescription Assistance, Estate Planning, Life Insurance, Health Insurance (Group and Individual), Auto and Home Insurance, Prescription Services and Medical Record Storage.  

Upon the completion of obtaining funds we plan to proceed with the agency acquisitions.   

FullCircle Prescription Services, Inc.

In 2007, we acquired the assets of AMPO II, Inc. (“AMPO II”), a Kentucky corporation, including its 68,000 customer database.  We own all of the database, software, equipment and the records.

The database includes the names, addresses, and phone numbers of all of the customers of AMPO II.  In 2010 the database was appraised with a value of $1,147,551.

We plan to utilize the database to be part of our prescription spoke in the FullCircle wheel of services in our new company, FullCircle Prescription Services, Inc. We have conducted a beta test of the 68,000 name database, which returned a good indication that the database was current.

FullCircle Prescription Services, Inc. was established for the purpose of handling our new prescription services program. The company’s mission is to assist our customers to find medications at discounted rates worldwide in our “Shop the World” program. FullCircle Prescription Services, Inc. will not dispense any medications nor handle any prescriptions.  We will be functioning only as a customer assistance program.  FullCircle Prescription Services, Inc. has begun minimal operations.  

Our web pages:  www.fullcircleRx.com and www.medshelp4U.com have been launched and are operational.   Our customers can Shop the World and subscribe to our services online.  

FullCircle Prescription Services, Inc. has one full-time Officer and our Office Manager who are available for incoming calls.  We expect to be retaining additional call center employees once the call traffic increases.  Our other officers are currently assisting on an as needed, part-time basis.

We are currently building the marketing programs we must acquire to enable us to begin the marketing phase of our FullCircleRx.com business plan.

We have entered into agreements with several independent contractors and independent agents to find the customers who are in need of assistance in reducing the cost of their medications.   The marketing assistance tools and further recruiting of additional agents are on hold pending further funding.  Once the tools are available our agents are prepared to engage with their connections to provide sales for our prescription assistance.

Our customers are serviced by Canada Drugs, the largest mail order pharmacy in Canada.  Our Shop the World shopping cart takes our customers directly into Canada Drugs where prescriptions are priced from several FDA approved manufacturers around the world. All prescriptions are priced on a daily basis to allow our customers to shop for the best pricing.  By law in Canada, a licensed pharmacist reviews and approves each and every prescription.

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Competition

The motion picture exhibition industry is fragmented and highly competitive. Our theaters compete against regional and independent operators as well as the larger theatre circuit operators.

Our operations are subject to varying degrees of competition with respect to film licensing, attracting customers, and obtaining new theatre sites. In those areas where real estate is readily available, there are few barriers preventing competing companies from opening theatres near one of our existing theatres, which may have a material adverse effect on our theatres. Demographic changes and competitive pressures can also lead to a theatre location becoming impaired.

In addition to competition with other motion picture exhibitors, our theatres face competition from a number of alternative motion picture exhibition delivery systems, such as cable television, satellite and pay-per-view services and home video systems. The expansion of such delivery systems could have a material adverse effect upon our business and results of operations. We also compete for the public’s leisure time and disposable income with all forms of entertainment, including sporting events, concerts, live theatre and restaurants.

Employees

FullCircle Registry, Inc., and subsidiaries currently have 28 employees/officers. We have never experienced employment-related work stoppages and consider that we maintain good relations with our personnel.

Results of Operations for the Three-Month Periods Ended March 31, 2012 and 2011.

Revenues during the three months ended March 31, 2012 were $444,643 with a cost of sales of $188,404, yielding a gross profit of $256,239. This compares to $334,715 in revenues for the same period in 2011, with a cost of sales of $123,921, yielding a gross profit of $210,794.

Operating expenses and selling, general and administrative costs during the current three-month period ended March 31, 2012 were $243,091, resulting in operating income of $13,148, compared to operating expenses of $184,310 in the same period in 2011, resulting in an operating income of $26,484.

Interest expense for the three months ended March 31, 2012 was $81,390, producing a net loss for the period of $68,242, compared to interest expense during the same period in 2011 of $80,420, resulting in a net loss of $53,936.

Our SEC compliance cost for auditors, accountants and attorneys continue to be the major part of our expenses.

The results of the Georgetown 14 Theater are good.  The theater industry typically loses money during the first quarter because there are fewer new films released and many people are recovering from the expense of the holiday season at the end of the previous year.  

During the first quarter of 2012, our Georgetown 14 Theater produced $444,279 n revenues, which was up 33% over the first quarter of 2011.

Liquidity and Capital Resources

At March 31, 2012 the Company had total assets of $6,322,582 compared to $5,579,290 on December 31, 2011. The Company had total assets consisting of $30,428 in cash a $10,000 note receivable, $11,304 in accounts receivable, $6,163,298 of fixed assets in Georgetown 14, and $107,552 in our customer database. Total assets at December 31, 2011 consisted of a note receivable of $10,000, $19,731 in cash, $5,881 accounts receivable, $129,062 in our customer database, and fixed assets of $5,414,616.

At March 31, 2012 the Company had $6,108,452 in total liabilities.  Total liabilities include $82,198 in accounts payable, $2,652 in accrued expenses, $37,729 in accrued interest, $10,546 in preferred dividends payable, $40,000 in notes payable, $212,414 notes payable-related party, $212,634 current portion of long-term debt,$78,616 accrued property taxes, $645,391 digital equipment note and $4,786,272 mortgage payable. Total liabilities at December 31, 2011 were $5,355,495, which was comprised of $98,490 in accounts payable, $32,924 in accrued interest, $1,656 in accrued expenses, $9,043 in preferred dividends payable, $40,000 in notes payable, $172,626 note payable related party, accrued property tax of $62,893, $128,186 current portion of long term debt and $4,809,677 mortgage payable.  

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Net cash provided by operating activities for the three months ended March 31, 2012 was $65,084 compared to net cash provided by operating activities for the three months ended March 31, 2011 of $18,003. During the three months ended March 31, 2012, $0 was used for investments, and $13,856 was provided by financing activities. For the same period in 2011 $0 was used for investments and $23,748 was provided by financing activities.

As of March 31, 2012 we had capital commitments of a mortgage and the digital equipment loan for $5,431,663 for Georgetown 14 Theater. We are currently focused on increasing revenues from our operations and reducing debt through converting notes payable to common stock. We may also seek funding from securities purchases or from lenders offering favorable terms. No assurance can be given that we will be able to obtain the total capital necessary to fund our new business plans. In such an event, this may have a materially adverse effect on our business, operating results and financial condition.

We require additional capital to supplement our anticipated revenues and fund our continuing operations. We have relied upon advances from officers and shareholders and we have issued stock to finance our operations to this point.

FullCircle currently owes $40,000 in notes payable and $212,414 notes payable to related parties. Our auditors have expressed concern that the Company has experienced losses from operations and negative cash flows from operations since inception. We have negative working capital and a capital deficiency at March 31, 2012. These conditions raise substantial doubt about our ability to continue as a going concern.

Factors That May Impact Future Results

At the time of this report, we had insufficient cash reserves and receivables necessary to meet forecast operating requirements for FullCircle Registry, Inc.  Our subsidiary FullCircle Entertainment, Inc. is now producing a positive cash flow and was profitable for the first quarter 2012.  

In the event we are unsuccessful in our efforts to raise additional funds, we will be required to significantly reduce cash outflows and, possibly, discontinue our operations. We need to raise capital to continue to be SEC compliant.  Our failure to obtain financing, or inability to obtain financing on acceptable terms, could require us to limit our plans, incur indebtedness that has high rates of interest or substantial restrictive covenants, issue equity securities that will dilute your holdings, or discontinue all or a portion of our remaining operations.

The current expansion of the Company’s business demands that significant financial resources be raised to fund capital expenditures, working capital needs, and debt service.  Current cash balances and the realization of accounts receivable will not be sufficient to fund the Company’s current business plan for the next twelve months. Consequently, the Company is currently seeking convertible debt and/or additional equity financing in the aggregate amount of at least $250,000, to fund the Company’s expansion needs. Management is currently negotiating with existing shareholders and other accredited investors in order to obtain working capital necessary to meet current and future obligations and commitments.

 Management is confident that these efforts will produce financing to further the growth of the Company. Nevertheless, there can be no assurance that the Company will be able to raise additional capital on satisfactory terms or at all. In the event that the Company is unable to obtain capital on acceptable terms or in sufficient amounts, the impact thereof would have a material adverse impact on the Company’s business, operating results, and financial condition as well as its ability to service debt requirements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Critical Accounting Policies and Estimates

The Company’s discussion and analysis of its financial condition and results of operations are based upon its consolidated financial statements which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these consolidated financial statements may have required the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosures. On an ongoing basis, the Company evaluates estimates, including those related to bad debts, inventories, fixed assets, income taxes, contingencies and litigation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances; the results of which form the basis of the Company’s judgments on the carrying value of assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

The Company’s President and Chief Financial Officer have concluded, based on an evaluation of the Company’s disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15(d)-15(e)), that such disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in Internal Control Over Financial Reporting

There has been no change in the Company’s internal control over financial reporting during the three months ended March 31, 2012 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II—OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

There are no pending legal proceedings.

ITEM 1A. RISK FACTORS.

Not applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

During the three-month period ending March 31, 2012 the Company issued an aggregate amount of 875,000 restricted shares of the Company’s common stock for operating capital at $.04 per share to accredited investors, and issued 627,000 restricted shares for services at $.04 per share in the same period.

We believe the foregoing transactions were exempt from the registration requirements of the Securities Act of 1933, as amended, under Section 4(2) thereof or Rule 506 of Regulation D promulgated thereunder.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS

SIGNATURES

In accordance with the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FULLCIRCLE REGISTRY, INC.

Date: May 9, 2012

/s/ Norman L. Frohreich

Norman L. Frohreich

President

Chief Executive Officer

Chief Financial Officer

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