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EXCEL - IDEA: XBRL DOCUMENT - M LINE HOLDINGS INCFinancial_Report.xls
EX-31.2 - EXHIBIT 31.2 - M LINE HOLDINGS INCv325807_31-2.htm
EX-32.2 - EXHIBIT 32.2 - M LINE HOLDINGS INCv325807_32-2.htm
EX-31.1 - EXHIBIT 31.1 - M LINE HOLDINGS INCv325807_31-1.htm
EX-32.1 - EXHIBIT 32.1 - M LINE HOLDINGS INCv325807_32-1.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

Form 10-K/A

 

x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended June 30, 2012

 

OR

 

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from_____________ to _____________.

 

Commission file number 000-53265

 

M LINE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction of

incorporation or organization)

88-0375818

(I.R.S. Employer

Identification No.)

   

2672 Dow Avenue

Tustin, CA

 (Address of principal executive offices)

92780

(Zip Code)

 

Registrant’s telephone number, including area code    (714) 630-6253

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Name of each exchange on which registered
     
None   None

 

Securities registered pursuant to Section 12(g) of the Act:

 

Common Stock, par value $0.001

(Title of class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes  ¨      No  x

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.  Yes x    No  ¨

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes x    No ¨

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  x

 

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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer  ¨ Accelerated filer  ¨
   
Non-accelerated filer ¨ Smaller reporting company x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   Yes ¨    No x

 

Aggregate market value of the voting stock held by non-affiliates: $588,030 as based on last reported sales price of such stock.  The voting stock held by non-affiliates on that date consisted of 29,401,515 shares of common stock.

 

Applicable Only to Registrants Involved in Bankruptcy Proceedings During the Preceding Five Years:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  Yes ¨     No ¨

 

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.  As of September 30, 2011, there were 56,846,145shares of common stock, par value $0.001, issued and outstanding.

 

Documents Incorporated by Reference

 

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K/A (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to rule 424(b) or (c) of the Securities Act of 1933.  The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).  None.

 

 
 

 

Explanatory Note

 

The sole reason for this amendment on Form 10-K/A is for the submission of our XBRL data.

 

 
 

 

PART IV

 

ITEM 15 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 

(a)(1)           Financial Statements

 

The following financial statements are filed as part of this report:

 

Report of Registered Public Accounting Firm F-1
   
Consolidated Balance Sheet as of June 30, 2012 and 2011 F-2
   
Consolidated Statements of Operations for the years ended June 30, 2012 and 2011 F-3
   
Consolidated Statements of Shareholders’ Equity for the years ended June 30, 2012 and 2011 F-4
   
Consolidated Statements of Cash Flows for the years ended June 30, 2012 and 2011 F-5
   
Notes to Consolidated Financial Statements F-6

 

(a)(2)      Financial Statement Schedules

 

We do not have any financial statement schedules required to be supplied under this Item.

 

(a)(3)      Exhibits

 

Refer to (b) below.

 

(b)           Exhibits

 

Item No.   Description
     
3.1 (1)   Articles of Incorporation of M Line Holdings, Inc., a Nevada corporation, as amended
     
3.2 (5)   Certificate of Amendment of Articles of Incorporation
     
3.3 (1)   Bylaws of M Line Holdings, Inc., a Nevada corporation
     
10.1 (1)   Asset Purchase Agreement with CNC Repos, Inc. and certain of its shareholders dated October 1, 2007
     
10.2 (1)   Commercial Real Estate Lease dated February 15, 2007 for the office space located in Tustin, CA
     
10.3 (1)   Commercial Real Estate Lease dated November 15, 2007 for the office space located in Anaheim, CA
     
10.4 (1)   Employment Agreement with Timothy D. Consalvi dated February 1, 2007

 

 

 

 

 

10.5 (1)   Employment Agreement with Joseph T.W. Gledhill dated February 5, 2007
     
10.6 (2)   Employment Agreement with Lawrence A. Consalvi dated February 5, 2007
     
10.7 (1)   Share Exchange Agreement with Gledhill/Lyons, Inc. dated March 26, 2007
     
10.8 (1)   Share Exchange Agreement with Nu-Tech Industrial Sales, Inc. dated March 19, 2007
     
10.9 (1)   Fee Agreement with Steve Kasprisin dated April 30, 2008
     
10.10 (3)   Separation Agreement by and between Gateway International Holdings, Inc., and Mr. Lawrence A. Consalvi dated September 26, 2008
     
10.11 (4)   Sales Agent Agreement by and between Gateway International Holdings, Inc., and Mr. Lawrence A. Consalvi dated September 30, 2008
     
10.12 (4)   Loan Agreements with Pacific Western Bank dated September 20, 2008
     
10.13 (5)   Assignment of Promissory Note and Consent Thereto by and between M Line Holdings, Inc. and Money Line Capital, Inc. dated March 24, 2009
     
10.14 (5)   M Line Holdings, Inc. Demand Note for up to $500,000 dated March 25, 2009
     
10.15 (6)   Letter of Intent by and between M Line Holdings, Inc. and Money Line Capital, Inc. dated June 30, 2010
     
10.16 (8)   Securities Purchase Agreement and Convertible Promissory Note with Asher Enterprises, Inc. dated April 26, 2010 (filed herewith)
     
10.17 (8)   Convertible Promissory Note with Asher Enterprises, Inc. dated May 25, 2010
     
10.18 (8)   Commercial Real Estate Lease with SG&H Partners, L.P. for Anaheim Property dated August 13, 2010 
     
10.19 (8)  

Business Loan Agreement with Pacific Western Bank dated June 7, 2010

 

10.20 (8) Loan and Security Agreement and Note with Utica Leaseco, LLC (filed herewith)

 

10.21 (8) Note and Stock Purchase Agreements with Spagus Capital Partners, LLC (filed herewith)

     
10.22   Addendum No. 2 dated September 30, 2011 to Commercial Real Estate Lease dated February 15, 2007 for the office space located in Tustin, CA
     
10.23   Executive Employee Agreement with Barton Webb dated July 25, 2011
     
21 (7)   List of Subsidiaries
     
31.1   Rule 13a-14(a)/15d-14(a) Certification of George Colin (filed herewith).
     
31.2   Rule 13a-14(a)/15d-14(a) Certification of Jitu Banker (filed herewith).
     
32.1   Section 1350 Certification of George Colin (filed herewith).
     
32.2   Section 1350 Certification of Jitu Banker (filed herewith).
 

 

(1) Incorporated by reference from our Registration Statement on Form 10-12G filed with the Commission on May 16, 2008.

 

(2) Incorporated by reference from our Registration Statement on First Amended Form 10-12G/A filed with the Commission on July 16, 2008.

 

 

 

(3) Incorporated by reference from our First Amended Current Report on Form 8-K/A filed with the Commission on October 10, 2008.

 

(4)  Incorporated by reference from our Quarterly Report on Form 10-Q for the period ended September 30, 2008, as filed with the Commission on November 13, 2008.

 

(5)  Incorporated by reference from our Current Report on Form 8-K filed with the Commission on April 24, 2009.

 

(6)  Incorporated by reference from our Current Report on Form 8-K filed with the Commission on July 6, 2009.

 

(7)  Incorporated by reference from our Annual Report on Form 10-K for the period ended June 30, 2009, as filed with the Commission on October 13, 2009.

 

(8)  Incorporated by reference from our Annual Report on Form 10-K for the period ended June 30, 2010, as filed with the Commission on November 12, 2010.

 

 
 

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  M Line Holdings, Inc.
     
Dated:  October 29, 2012   /s/ George Colin
  By: George Colin
    Chief Executive Officer
    and a Director
     
Dated:  October 29, 2012   /s/ Jitu Banker
  By: Jitu Banker
    Chief Financial Officer
    and a Director
     
Dated:  October 29, 2012   /s/ Anthony Anish
  By: Anthony Anish
    Secretary and a Director

 

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Dated:  October 29, 2012   /s/ George Colin
  By: George Colin
    Chief Executive Officer
    and a Director
     
Dated:  October 29, 2012   /s/ Jitu Banker
  By: Jitu Banker
    Chief Financial Officer
    and a Director
     
Dated:  October 29, 2012   /s/ Anthony Anish
  By: Anthony Anish
    Secretary and a Director