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EX-31.1 - CERTIFICATION - AWARENESS FOR TEENS, INC.arns_ex311.htm
EX-32.1 - CERTIFICATION - AWARENESS FOR TEENS, INC.arns_ex321.htm


UNITED STATES
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  June 30, 2012
 
o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
 
For the transition period from ___________, to ___________.
 
Commission file number  000-54589
 
Awareness for Teens, Inc.
(Exact name of small business issuer as specified in its charter)
 
Nevada
 
27-3103778
(State or other jurisdiction of incorporation or organization)
 
(IRS Employer Identification No.)

3416 Rollsreach Drive, San Diego, California 92111
(Address of principal executive offices)

(858) 560-0987
(Issuer's telephone number)

N/A
(Former name, former address and former fiscal year, if changed since last report)
 
Check 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 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 o
 
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 o    No o
 
Large accelerated filer 
o
Accelerated filer 
o
Non-accelerated filer  
o  
Smaller reporting company
x
(Do not check if a smaller reporting company)        
 
Check whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x  No o
 
APPLICABLE ONLY TO CORPORATE ISSUERS
 
State the number of shares outstanding of each of the issuer's classes of common equity, as of August 20, 2012: 2,250,000
 


 
 

 

PART I
 
FINANCIAL INFORMATION
 
ITEM 1.   FINANCIAL STATEMENTS.

AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)

FINANCIAL REPORTS
 
JUNE 30, 2012
DECEMBER 31, 2011
 
 
 

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
CONTENTS
 
CONDENSED FINANCIAL STATEMENTS
     
       
Condensed Balance Sheets
    1  
         
Condensed Statements of Operations
    2  
         
Condensed Statement of Stockholders’ Equity
    3  
         
Condensed Statements of Cash Flows
    4  
         
Notes to Condensed Financial Statements
    5-7  
 
 
 

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
CONDENSED BALANCE SHEETS
 
   
June 30,
   
December 31,
 
   
2012
   
2011
 
   
(Unaudited)
       
ASSETS
CURRENT ASSETS
           
Cash
  $ 25,000     $ 0  
Total current assets
    25,000       0  
Total assets
  $ 25,000     $ 0  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
               
Officer advances
  $ 15,973     $ 8,535  
                 
Total current liabilities
    15,973       8,535  
                 
STOCKHOLDERS’ EQUITY (DEFICIT)
               
Common stock: $0.001 par value; 
               
authorized 50,000,000 shares;
issued and outstanding:2,250,000 and 2,000,000 shares at
June 30, 2012 and December 31, 2011, respectively
    2,250       2,000  
Additional paid-in capital
    27,750       3,000  
Accumulated deficit during development stage
    (20,973 )     (13,535 )
                 
Total stockholders’ equity (deficit)
    9,027       (8,535 )
                 
Total liabilities and stockholders’ equity (deficit)
  $ 25,000     $ 0  
 
See Accompanying Notes to Condensed Financial Statements.
 
 
1

 
 
WARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
 
                           
April 28, 2010
 
   
Three Months Ended
   
Six Months Ended
   
(inception) to
 
   
June 30,
   
June 30,
   
June 30,
   
June 30,
   
June 30,
 
   
2012
   
2011
   
2012
   
2011
   
2012
 
                                         
Revenues
  $ 0     $ 0     $ 0     $ 0     $ 0  
                                         
Cost of revenue
    0       0       0       0       0  
                                         
Gross profit
  $ 0     $ 0     $ 0     $ 0     $ 0  
                                         
General, selling and administrative expenses
    2,829       5,282       7,438       5,282       20,973  
                                         
Operating loss
  $ (2,829 )   $ (5,282 )   $ (7,438 )   $ (5,282 )   $ (20,973 )
                                         
Non-operating income (expense)
    0       0       0       0       0  
                                         
Net loss
  $ (2,829 )   $ (5,282 )   $ (7,438 )   $ (5,282 )   $ (20,973 )
                                         
Net loss per share, basic and diluted
  $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.00 )        
                                         
Weighted average number of shares common stock outstanding
    2,250,000       2,000,000       2,186,813       2,000,000          
 
See Accompanying Notes to Condensed Financial Statements.
 
 
2

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY
(UNAUDITED)
 
   
Common Stock
   
Additional
Paid-In
   
Accumulated
Deficit During
Development
       
   
Shares
   
Amount
   
Capital
   
Stage
   
Total
 
                               
May 10, 2010, issue common stock
    2,000,000     $ 2,000     $ 3,000     $ 0     $ 5,000  
                                         
Net loss, December 31, 2010 
    -       -       -       (9,517 )     (9,517 )
                                         
Balance, December 31, 2010
    2,000,000       2,000       3,000       (9,517 )     (4,517 )
                                         
Net loss, December 31, 2011 
    -       -       -       (4,018 )     (4,018 )
                                         
Balance, December 31, 2011
    2,000,000       2,000       3,000       (13,535 )     (8,535 )
                                         
Stock issued at $0.10 per share
    250,000       250       24,750       -       25,000  
                                         
Net loss, June 30, 2012
    -       -       -       (7,438 )     (7,438 )
                                         
Balance, June 30, 2012
    2,250,000     $ 2,250     $ 27,750     $ (20,973 )   $ 9,027  
 
See Accompanying Notes to Condensed Financial Statements.
 
 
3

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
 
   
Six Months
Ended
June 30,
2012
    Six Months
Ended
June 30,
2011
   
April 28, 2010
(inception) to
June 30,
2012
 
Cash Flows From Operating Activities
                 
Net loss
  $ (7,438   $ (5,282 )   $ (20,973 )
Adjustments to reconcile net loss to cash used in operating activities:
                       
Changes in assets and liabilities
                       
Increase (decrease) in accounts payable
    0       0       0  
                         
Net cash provided by operating activities
    (7,438 )     (5,282 )     (18,144
                         
Cash Flows From Investing Activities
    0       0       0  
                         
Cash Flows From Financing Activities
                       
Increase in officer advances
    7,438       5,282       13,144  
Issuance of common stock for cash
    25,000       0       30,000  
                         
Net cash provided by financing activities
    32,438       5,282       43,144  
                         
Net increase in cash
    25,000       0       25,000  
                         
Cash, beginning of period
    0       0       0  
                         
Cash, end of period
  $ 25,000     $ 0     $ 25,000  
                         
Supplemental Information and Non-Monetary Transactions:
                       
Interest paid
  $ 0     $ 0     $ 0  
                         
Taxes paid
  $ 0     $ 0     $ 0  
 
See Accompanying Notes to Condensed Financial Statements.
 
 
4

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
NOTES TO CONDENSED FINANCIAL STATEMENTS
 
Note 1.  Nature of Business and Significant Accounting Policies
 
NATURE OF BUSINESS:

Basis of Financial Statement Presentation
 
The accompanying unaudited condensed consolidated financial statements of Awareness for Teens. Inc, a Nevada corporation (“Company”), 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 generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed consolidated 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, these interim condensed consolidated financial statements should 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 period ended June 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. As used in these Notes to the Condensed Consolidated Financial Statements, the terms the "Company,” "we,” "us,” "our," and similar terms refer to National Automation Services and, unless the context indicates otherwise its consolidated subsidiaries. Significant accounting policies disclosed therein have not changed except as noted below.
 
Awareness For Teens, Inc. (“Company”) was organized on April 28, 2010 under the laws of the State of Nevada. The Company currently has limited operations and, in accordance with FASB ASC 915 “DEVELOPMENT STAGE ENITITES” is considered a Development Stage Enterprise. The Company has been in the development stage since formation and has realized minimal revenues from its operations.
 
A SUMMARY OF THE COMPANY’S SIGNIFICANT ACCOUNTING POLICIES IS AS FOLLOWS:

ESTIMATES

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the reporting period.  Actual results could differ from those estimates.
 
 
5

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
NOTES TO CONDENSED FINANCIAL STATEMENTS

CASH

For the Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents.  There were no cash equivalents as of June 30, 2012 and December 31, 2011.
 
GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  Currently, the Company does not have cash, no material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern.  The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan.  There can be no assurance that the Company will be successful in either situation which raises substantial doubt about the Company’s ability to continue as a going concern.  The officers and directors have committed to advancing certain operating costs of the Company.

RECENT ACCOUNTING PRONOUNCEMENTS
 
The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at that time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements.
 
Note 2.  Stockholders’ Equity
 
COMMON STOCK

The authorized common stock of the Company consists of 50,000,000 shares with par value of $0.001.  As of June 30, 2012, 2,250,000 shares of common stock were issued and outstanding.

From January 1, 2012 through February 15, 2012, the Company sold 250,000 shares at $0.10 per share, raising $25,000.

The Company has not authorized any preferred stock.
 
 
6

 
 
AWARENESS FOR TEENS, INC.
(A Development Stage Enterprise)
 
NOTES TO CONDENSED FINANCIAL STATEMENTS

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with FASB ASC 260, “EARNINGS PER SHARE.”  The weighted-average number of common shares outstanding during each period is used to compute basic loss per share.  Diluted loss per share is computed using the weighted averaged number of shares and dilutive potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.

Basic net loss per common share is based on the weighted average number of shares of common stock outstanding of 2,186,813 as of June 30, 2012 and 2,000,000 as of December 31, 2011.  As of June 30, 2012, December 31, 2011 and since inception, the Company had no dilutive potential common shares.
 
Note 3. Related Party Transactions

The Company neither owns nor leases any real or personal property.  An officer or resident agent of the corporation provides office services without charge.  Such costs are immaterial to the financial statements and accordingly, have not been reflected therein.  The officers and directors for the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interest.  The Company has not formulated a policy for the resolution of such conflicts. As of June 30, 2012 and December 31, 2011, the Company owed officers $15,973 and $8,535, respectively.
 
 
7

 
 
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
 
Awareness for Teens, Inc. (“Awareness”) was incorporated on April 28, 2010 in the State of Nevada.

Business of Issuer

Our business is to provide a financial literacy and money management program for teenagers on a fee for service offered basis with specialized educational programs designed to maximize profit potential and customer loyalty.  We believe that there is a need to train teenagers who we believe lack the basic skills in the management of personal financial affairs.   Located in a fluent area, many are unable to balance a checkbook and most simply have no insight into the basic survival principals involved with earning, spending, saving and investing.

Should our business plan be successfully implemented, we may be expanding our operations in the south western portion of the United States.  We are in the organizational stage and have not yet begun our educational operations and we currently have no revenues and no significant assets.

Principal Services
 
We are in the process of establishing ourselves as providing a financial literacy and money management educational program for teenagers on a fee for service offered basis.  We intend to provide such topics which would include budgeting, the importance of saving, bank accounts and services, establishing and maintaining credit, planning for college, buying a car, basic investing, with related ancillary topics.
 
We will earn our revenues by charging a fee for individuals to complete our training course. We intend to charge each student $500 for our services.  Our marketing is going to be the parents of teenagers who understand that many young people fail in the management of the first consumer credit experience, establish bad financial management habits, and fail to take direction from their parents, who realize that it makes no sense for their teenager to learn by trial and error.   Our instruction will include practical information preparing them in planning and understanding their financial future.
 
Further, we anticipate that our instruction will also be useful in teaching the managing of the teenagers money, establish the basics of budgeting, savings and checking accounts, responsible borrowing and will extend to buying an automobile, renting an apartment and the responsible use of day to day credit. Further topics that will be addressed will include surrounding yourself with professionals in connection with starting and managing a small business, investing for the future, and basic knowledge on commencing a plan for retirement, although the retirement age is in the far distant future for the teenagers.
 
Our intensive two-week training will involve 18 hours of classroom instruction for groups of not to exceed 8 students.  The instruction time will address the needs and requirements of each of the interested parties.

Probably the most important aspect of our training will be in developing positive financial responsibility and commitment.  Effective inter-personal skills will reap personal satisfaction as well as financial gratification through increased tips.
 
Classroom instruction will be held at rented office space or in a hotel facility. Classroom space can be arranged on an “as needed” and “as available” basis at normal costs.
 
 
8

 
 
The Marketing
 
We will use a direct market approach.  We intend to begin with a small number of students that will be drawn from the local high schools.
 
Awareness intends to use neighborhood and local newspaper print media to create interest in the company and to attract teenage students.  These newspapers will usually provide a news story about the company if the company also places an advertisement in the paper.  These genres of newspapers are usually free to the consumer and are distributed without cost in a targeted area.  They are usually weekly or monthly or sporadic in distribution.  Awareness will also place advertisements in school newspapers.  In addition, notices on local bulletin boards in business establishments that provide for community notices will be posted.  We intend to have a website - an internet presence to assist us in marketing our curriculum and to associate the name of the company to the service that we provide.  We do not believe that the website will be an originating source to attract students to our business but may provide information to the consumer if aware of the website.  We have not conducted any marketing research to obtain statistical data to develop a marketing plan; we intend to focus on this limited media promotion and our pricing to attract the parent and teenage student to the company and the selling ability of Maureen Cottrell if parents telephone Awareness for information.
 
We intend to design and build our website.  The website will provide basic information and facts about the services we are offering.  It will provide us with exposure to the general marketplace within our target market area.  The website will have the facility for prospective students to contact us with questions and inquiries, and will eventually allow for on-line course registration.
 
Competition and Competitive Strategy
 
Secondary education (final stage of compulsory education) in California is mandatory to the age 18, with a limited number of specified statutory exceptions, and the schools that do provide secondary education do provide limited general training and instructions to its students in various classes relating to investments, financial planning and personal wealth management.  We compete with traditional public and private two-year and four-year colleges, other for-profit schools and alternatives to higher education (vocational skill schools and government military schools).  Public colleges may offer programs similar to those of Awareness at a lower tuition level as a result of government subsidies, government and foundation grants, tax-deductible contributions and other financial sources not available to proprietary institutions.  These competitors may also provide general training and instructions to all social and economic demographics.  In addition, we anticipate the possible integration of new or changed curricular by our competitors that will provide additional competition for us.  Our competitors in both the public and private sectors have substantially greater financial and other resources than we do.
 
Further, the financial educational seminar industry is highly competitive.  Awareness’s market in which it will operate is fragmented and decentralized with low barriers to entry.  Our competitors include other companies and individuals who promote and conduct seminars and provide products on topics relating to investments, financial planning and personal wealth management.
 
Presently there is very little general training and instruction available or applicable for and specifically designed for the targeted teenagers living within the higher social economic or higher net worth demographics.  We have been informed and believe that in addition to schools, banks and brokerage firms do provide personal financial training for free or at a very low cost.  The providers of these services usually direct their efforts to only narrow areas that may be beneficial to them.
 
 
9

 
 
Competition from Other Educational Institutions
 
While Awareness’s course material presented to our students may be fully protected by intellectual property laws, our course concept will not.  Consequently, other financial or educational institutions, based upon any success Awareness may enjoy in its educational material presentation, may decide to offer similar course material based on Awareness’s model.  These financial or educational institutions have greater resources than Awareness, and as such will be able to compete successfully against Awareness.  We may not be able to survive in the educational marketplace against such competition.
 
Dependence on One or a Few Major Customers
 
This business is not the type of business that is, or can be, dominated by one or a small number of customers.
 
Patent, Trademark, License & Franchise Restrictions and Contractual Obligations & Concessions
 
There are no inherent factors or circumstances associated with the educational trading services that we plan to provide that would give cause for any patent, trademark or license infringements or violations.  Awareness has also not entered into any franchise agreements or other contracts that have given, or could give rise to obligations or concessions.  Our course materials, where applicable, will be fully protected by copyright.
 
Existing or Probable Government Regulations
 
There are no other types of government regulations existing or being contemplated that would adversely affect Awareness’s ability to operate.
 
Research and Development Activities and Costs
 
Awareness has no plans to undertake any research and development activities.

Employees
 
Awareness’s only employee at the present time is Maureen Cottrell and we are dependent on her.  We rely on her entrepreneurial skills and experience to implement our business plan.  Maureen Cottrell is responsible for all planning, developing and operational duties, and will continue to do so throughout the early stages of our growth.
 
We have no intention of hiring further employees until the business has been successfully launched and we have sufficient, reliable tuition revenue flowing into Awareness from our educational operations.  We believe that we will be able to secure guest lectures from financial instructions such as banks and brokerage firms and local accountants and attorneys at no cost.  Subject to their business schedule, these guest lecturers are available as they provide the financial institutions, providers of services and themselves with the ability to market their business, create a firm brand to the parents and boost client referrals and uncover potentially new clients.  Maureen Cottrell will also act as a classroom instructor, as needed, and do whatever work is necessary to bring our business to the point of being in positive cash flow.  We do not expect to hire any other employees within the first year of operation.
 
 
10

 
 
The Curriculum
 
Awareness has developed an outline that will be the basis for the curriculum for use in its early sessions.  Of particular importance to Awareness will be the student response and input to its curriculum material.  We intend to conduct these early sessions on an interactive basis with our students, carefully noting student responses to the curriculum material such as comprehension, interest, clarity of presentation, order of curriculum format, and ability of students to absorb material presented.  Subsequent curriculum development will be based to a great extent upon the student response and input received regarding our initial curriculum material and their suggestions for effective delivery modes.
 
A general outline of our initial curriculum is set out below.  It will consist of 18 hours of classroom instruction.  This outline presently consists of three parts:

Part One – The Fundamentals (approximately eight hours)

Money and Money Management
Basics of Budgeting
Savings and Checking Accounts
Using Credit Cards and the Cost of Borrowing
Responsible Borrowing and Maintaining Good Credit
 
Part Two – The Next Step (approximately eight hours)

Living Within your Means
Savings and Paying for College
Buying a Car-Auto Finance
Renting an Apartment
Responsible Use of Credit

Part Three – “Old Folks” (approximately two hours)

Banking and Credit Essentials
Buying a Home
The Small Business
Investing for the Future
Plans for Retirement
 
During the first year of operations, we will concentrate our efforts exclusively on obtaining our teenager students in the more affluent cities and communities within the County of San Diego, California.  Initially, we intend to concentrate in northern San Diego which includes the La Jolla area (an affluent section of northern San Diego).  As we gain experience, and develop sufficient revenues from sales, we may consider expanding our business within the region and possibly to other locations within the south western United States.
 
 
11

 
 
Plan of Operation

We are in the process of establishing ourselves as providing a financial literacy and money management educational program for teenagers on a fee for service offered basis. We intend to provide such topics which would include budgeting, the importance of saving, bank accounts and services, establishing and maintaining credit, planning for college, buying a car, basic investing, with related ancillary topics.

We will earn our revenues by charging a fee for individuals to complete our training course. We intend to charge each student $500 for our services.

Our intensive two-week training will involve 18 hours of classroom instruction for groups of not to exceed 8 students. The instruction time will address the needs and requirements of each of the interested parties.

Classroom instruction will be held at rented office space or in a hotel facility. Classroom space can be arranged on an “as needed” and “as available” basis at normal costs.

During the first stages of our growth, our sole officer and director will provide all the labor required to develop the curriculum and lead the educational sessions - at no charge. We believe that we will be able to secure guest lecturers from financial instructions such as real estate and stock brokerage firms and from local accountants and attorneys at no cost. Since we intend to operate with very limited administrative support, our sole officer and director will continue to be responsible for these duties for at least the first year of operations.

Our marketing strategy will be directed to the parents of the teenager who understand that the average student graduates from high school lacks basic skills in the management of personal financial affairs. These parents understand that many young people fail in the management of their first consumer credit experience, establish bad financial management habits, and stumble through their early financial lives learning by trial and error. We will inform the parents, in our marketing presentation, that each of the various subjects taught may also have visiting guest lecturers, with sufficient credentials and experience to give the program creditability. We believe that we will be able to secure these individual’s to act as guest lecturers predicated upon the possible additional business that may be obtained from the parent, after being informed of the presentation by the student and business obtained from the student.
 
Financial Condition.

Our auditor's going concern opinion and the notation in the financial statements for the fiscal year ended December 31, 2011 indicate that we do not have sufficient cash or other material assets and that we may be relying on advances from shareholders, officers and directors to meet limited operating expenses. We do not have sufficient cash or other material assets nor do we have sufficient operations or an established source of revenue to cover our operational costs that would allow us to continue as a going concern until we are profitable.
 
Since the Company has had no operating history nor any significant revenues or earnings from operations, with no significant assets or financial resources, we will in all likelihood sustain operating expense without corresponding revenues, at least until the profitable consummation of our planned operations.
 
 
12

 

Results of Operations

Three months ended June 30, 2012

We had no revenues for the periods ended June 30, 2012 or 2011.  Operating expenses were $2,829 for the six month period ended June 30, 2012 compared to $5,282 in 2011, an decrease of 46.4%.  Expenses in 2011 were for the formation of the Company, whereas the 2012 expenses are for the compliance costs of registration with the Security and Exchange Commission.

Six months ended June 30, 2012

We had no revenues for the periods ended June 30, 2012 or 2011.  Operating expenses were $7,438 for the six month period ended June 30, 2012 compared to $5,282 in 2011, an increase of 40.8%.  Expenses in 2011 were for the formation of the Company, whereas the 2012 expenses are for the compliance costs of registration with the Security and Exchange Commission.

Liquidity.

As of December 31, 2011, we had no cash and we had total liabilities of $8,535 and we had a net worth of $(8,535). As of June 30, 2012 we have cash of $25,000 and total liabilities of $15,973. Our net worth is $9,027.

We have had no revenues from inception to June 30, 2012. We have a loss from inception through December 31, 2011 of $13,535. Our loss from inception to June 30, 2012 is $ 20,973.

We have officer's advances of $8,535 from inception to December 31, 2011.  Our officer’s advances as of June 30, 2012 are $15,973.

ITEM 4.  EVALUATION OF DISCLOSURE ON CONTROLS AND PROCEDURES.

Based on an evaluation of our disclosure controls and procedures as of the end of the period covered by this Form 10Q (and the financial statements contained in the report), our president and treasurer have determined that our current disclosure controls and procedures are effective.

There have not been any changes in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) or any other factors during the quarter covered by this report, that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.
 
 
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PART II
OTHER INFORMATION
 
ITEM 1.   LEGAL PROCEDINGS.
 
We may be subject to legal proceedings from time to time in the ordinary course of our business.  The Company is not currently a party to, nor is any of its property currently the subject of, any material legal proceeding.  None of the Company’s directors, officers or affiliates is involved in a proceeding adverse to the Company’s business or has a material interest adverse to the Company’s business.
 
ITEM 1A.   RISK FACTORS.

There have been no material changes in our risk factors since the March 14, 2012 filing of our Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2012.

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

We did not sell unregistered securities during the period covered by this report.
 
ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

None.
 
ITEM 4.  MINE SAFETY DISCLOSURES.
 
None.
 
ITEM 5.  OTHER INFORMATION.

None.
 
 
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ITEM 6.  EXHIBITS.
 
There were no 8-K's filed during the reporting period.

The following exhibits are filed with this report:
 
31.1 
Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002.
   
32.1 
Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002.
   
101.INS **
XBRL Instance Document
   
101.SCH **
XBRL Taxonomy Extension Schema Document
   
101.CAL **
XBRL Taxonomy Extension Calculation Linkbase Document
   
101.DEF **
XBRL Taxonomy Extension Definition Linkbase Document
   
101.LAB **
XBRL Taxonomy Extension Label Linkbase Document
   
101.PRE **
XBRL Taxonomy Extension Presentation Linkbase Document

** XBRL (Extensible Business Reporting Language) 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
 
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
AWARENESS FOR TEENS, INC.
 
       
Date: August 21, 2012 
By:
/s/ Maureen Cottrell
 
   
Maureen Cottrell
 
   
President (Principal Executive Officer),
 
   
Secretary/Treasurer (Principal Financial Officer) and Sole Director
 
 
 
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