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EXCEL - IDEA: XBRL DOCUMENT - Pulse Network, Inc.Financial_Report.xls
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EX-31 - Pulse Network, Inc.ex31-2.txt

                                  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 quarter ended December 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 000-54741


                            ISOFT INTERNATIONAL INC.
             (Exact name of registrant as specified in its charter)

           Nevada                                                45-4798356
(State or other jurisdiction of                               (I.R.S. Employer
 Incorporation or organization)                              Identification No.)

             1 Ahmed Kamal St., Sidi Gaber Alexandria 21311, Egypt
              (Address of principal executive offices) (Zip Code)

      Registrant's telephone number, including area code: +20 (10) 920-4278

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 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 [ ]                        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 Exchange Act). Yes [X] No [ ]

Number of  shares  outstanding  of the  registrant's  class of  common  stock as
February 4, 2013: 6,000,000

Authorized share capital of the registrant:  75,000,000 common shares, par value
of $0.001

The Company  recorded $nil sales revenue for the nine months ended  December 31,
2012.

FORWARD-LOOKING STATEMENTS THIS QUARTERLY REPORT ON FORM 10-Q CONTAINS PREDICTIONS, PROJECTIONS AND OTHER STATEMENTS ABOUT THE FUTURE THAT ARE INTENDED TO BE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (COLLECTIVELY, "FORWARD-LOOKING STATEMENTS"). FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS. IN ASSESSING FORWARD-LOOKING STATEMENTS CONTAINED IN THIS QUARTERLY REPORT ON FORM 10-Q, READERS ARE URGED TO READ CAREFULLY ALL CAUTIONARY STATEMENTS - INCLUDING THOSE CONTAINED IN OTHER SECTIONS OF THIS QUARTERLY REPORT ON FORM 10-Q. AMONG SAID RISKS AND UNCERTAINTIES IS THE RISK THAT THE COMPANY WILL NOT SUCCESSFULLY EXECUTE ITS BUSINESS PLAN, THAT ITS MANAGEMENT IS ADEQUATE TO CARRY OUT ITS BUSINESS PLAN AND THAT THERE WILL BE ADEQUATE CAPITAL OR THEY MAY BE UNSUCCESSUFL FOR TECHNICAL, ECONOMIC OR OTHER REASONS. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS Page Number ------ Balance Sheets......................................................... 3 Statements of Operations............................................... 4 Statements of Stockholders' Deficit.................................... 5 Statements of Cash Flows............................................... 6 Notes to the Financial Statements...................................... 7 2
ISOFT INTERNATIONAL INC. (A Development Stage Company) BALANCE SHEETS December 31, March 31, 2012 2012 -------- -------- (unaudited) ASSETS Current assets Cash and bank accounts $ 8,855 $ 45,729 Prepaid expense -- 350 -------- -------- Total current assets 8,855 46,079 -------- -------- Total assets $ 8,855 $ 46,079 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 160 $ 160 -------- -------- Total current liabilities 160 160 -------- -------- Stockholders' equity Authorized: 75,000,000 common shares Par value $0.001 Issued and outstanding: 6,000,000 common shares 6,000 6,000 Additional paid-in capital 50,328 49,653 Deficit accumulated during the development stage (47,633) (9,734) -------- -------- Total stockholders' equity 8,695 45,919 -------- -------- Total liabilities and stockholders' equity $ 8,855 $ 46,079 ======== ======== The accompanying notes are an integral part of these financial statements. 3
ISOFT INTERNATIONAL INC. (A Development Stage Company) STATEMENTS OF OPERATIONS (unaudited) Date of Three Months Three Months Nine Months Nine Months Incorporation on Ended Ended Ended Ended March 9, 2011 to December 31, December 31, December 31, December 31, December 31, 2012 2011 2012 2011 2012 ---------- ---------- ---------- ---------- ---------- REVENUE $ -- $ -- $ -- $ -- $ -- ---------- ---------- ---------- ---------- ---------- OPERATING EXPENSES General & administrative 929 225 4,299 675 6,812 Organization -- -- -- 325 605 Professional fees 4,134 -- 33,600 5,250 40,216 ---------- ---------- ---------- ---------- ---------- Loss before income taxes (5,063) (225) (37,899) (6,250) (47,633) Provision for income taxes -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- Net loss $ (5,063) $ (225) $ (37,899) $ (6,250) $ (47,633) ========== ========== ========== ========== ========== Basic and diluted loss per Common share (1) ========== ========== ========== ========== Weighted average number of common shares outstanding (Note 5) 6,000,000 5,046,956 6,000,000 5,015,709 ========== ========== ========== ========== ---------- (1) less than $0.01 The accompanying notes are an integral part of these financial statements. 4
ISOFT INTERNATIONAL INC. (A Development Stage Company) STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) Deficit Accumulated Common Stock Additional During the Total ------------------- Paid in Development Stockholders' Shares Amount Capital Stage Equity ------ ------ ------- ----- ------ Inception, March 9, 2011 -- $ -- $ -- $ -- $ -- Initial capitalization, sale of common stock to Director on March 9, 2011 5,000,000 5,000 10,000 -- 15,000 Net loss for the period -- -- -- (440) (440) --------- --------- --------- --------- --------- Balance, March 31, 2011 5,000,000 5,000 10,000 (440) 14,560 Common stock issued for cash, net of offering costs 1,000,000 1,000 38,753 -- 39,753 Capital contribution -- -- 900 -- 900 Net loss for the period -- -- -- (9,294) (9,294) --------- --------- --------- --------- --------- Balance, March 31, 2012 6,000,000 6,000 49,653 (9,734) 45,919 Capital contribution -- -- 675 -- 675 Net loss for the period -- -- -- (37,899) (37,899) --------- --------- --------- --------- --------- Balance, December 31, 2012 6,000,000 $ 6,000 $ 50,328 $ (47,633) $ 8,695 ========= ========= ========= ========= ========= The accompanying notes are an integral part of these financial statements. 5
ISOFT INTERNATIONAL INC. (A Development Stage Company) STATEMENTS OF CASH FLOWS (unaudited) Date of Nine Months Nine Months Incorporation on Ended Ended March 9, 2011 to December 31, December 31, December 31, 2012 2011 2012 -------- -------- -------- OPERATING ACTIVITIES Net loss for the period $(37,899) $ (6,250) $(47,633) Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities Changes in operating assets and liabilities: Prepaid expense 350 -- -- Accounts payable -- 1,000 160 -------- -------- -------- Net cash used for operating activities (37,549) (5,250) (47,473) -------- -------- -------- INVESTING ACTIVITIES -- -- -- -------- -------- -------- Net cash used for investing activities -- -- -- -------- -------- -------- FINANCING ACTIVITIES Payment of offering costs -- (9,053) (10,247) Contributed capital 675 675 1,575 Proceeds from issuance of common stock -- 9,000 65,000 -------- -------- -------- Net cash provided by financing activities 675 622 56,328 -------- -------- -------- (Decrease) increase in cash during the period (36,874) (4,628) 8,855 Cash, beginning of the period 45,729 14,720 -- -------- -------- -------- Cash, end of the period $ 8,855 $ 10,092 $ 8,855 ======== ======== ======== Supplemental disclosure with respect to cash flows: Cash paid for income taxes $ -- $ -- $ -- Cash paid for interest $ -- $ -- $ -- The accompanying notes are an integral part of these financial statements. 6
ISOFT INTERNATIONAL INC. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2012 (unaudited) NOTE 1. GENERAL ORGANIZATION AND BUSINESS The Company was originally incorporated under the laws of the state of Nevada on March 9, 2011. The Company is devoting substantially all of its present efforts to establish a new business. It is considered a development stage company, and has had no revenues from operations to date. Initial operations have included organization and capital formation. Management is planning to develop and then market an internet based, social media online video game to prospective users. NOTE 2. BASIS OF PRESENTATION These unaudited interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim reporting, and in accordance with rules of the Securities and Exchange Commission. In the opinion of management, all known adjustments have been made (which consist primarily of normal, recurring accruals and estimates, and assumptions that impact the financial statements) for fair presentation of the financial position and operating results as of and for the period March 9, 2011 (date of inception) to December 31, 2012. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related footnotes for the fiscal year ended March 31, 2012. Notes to the financial statements, which would substantially duplicate the disclosures contained in the audited financial statements, have been omitted. Operating results for the nine months ended December 31, 2012 are not necessarily indicative of the results that may be expected for the year ending March 31, 2013. 7
ISOFT INTERNATIONAL INC. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2012 (unaudited) NOTE 3. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has net losses for the period from inception to December 31, 2012 of $(47,633). The Company intends to fund its expenditures through equity financing arrangements, which may be insufficient to fund its proposed development expenditures, working capital and other cash requirements through the next fiscal year ending March 31, 2013. The ability of the Company to emerge from the development stage is dependent upon the Company's successful efforts to raise sufficient capital for its business plans and then attaining profitable operations. In response to these issues, management has planned the following actions: - The Company has recently cleared a Registration Statement with the SEC and raised initial equity funding through a public offering. - Management is currently formulating plans to develop an internet based social media online video game to generate future revenues. There can be no assurances, however, that management's expectations of future revenues will be realized. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. NOTE 4. STOCKHOLDERS' EQUITY AUTHORIZED The Company is authorized to issue 75,000,000 shares of $0.001 par value common stock. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company. 8
ISOFT INTERNATIONAL INC. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2012 (unaudited) NOTE 4. STOCKHOLDERS' EQUITY (CONTINUED) ISSUED AND OUTSTANDING On March 9, 2011 (inception), the Company issued 5,000,000 common shares to its President, Secretary Treasurer and Director for cash of $15,000. See Note 5. During the fiscal year ended March 31, 2012, the Company accepted subscriptions for 1,000,000 shares of common stock under its registered offering for gross proceeds of $50,000, or $0.05 per share. Subsequent to offsetting offering costs of $10,247 against capital, net proceeds were $39,753. NOTE 5. RELATED PARTY TRANSACTIONS The Company's officer and director provides office space free of charge. The Company has recorded the estimated value of the office space of $75 per month as a contribution to capital. The Company's officer and director is 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 interests. The Company has not formulated a policy for the resolution of such conflicts. On March 9, 2011, the Company issued 5,000,000 shares of its common stock to its President, Secretary Treasurer and Director for cash of $15,000. See Note 5. NOTE 6. SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to December 31, 2012 and has determined that it does not have any material subsequent events to disclose in these financial statements. 9
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following information should be read in conjunction with our financial statements and related notes appearing elsewhere in this Form 10-Q, together with the more detailed business information and the March 31, 2012 audited financial statements included in the Company's 10K/A-1 Annual Report (File No. 333-174443), as filed with the SEC on January 9, 2013. The 10K/A-1 also includes our detailed expenditures and milestones for our plan of operations described herein. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute "forward-looking" statements. GENERAL OVERVIEW Isoft International Inc. (referred to as "Isoft", "us", "we" and "our") was incorporated in the State of Nevada on March 9, 2011 to engage in the development and operation of online games for social networking websites. Our principal executive offices are located at 1 Ahmed Kamal St., Sidi Gaber Alexandria 21311, Egypt. Our phone number is +20 (100) 920-4278. We are a development stage company, we only just completed our first full fiscal year end on March 31 and we have no subsidiaries. Since incorporation, we have not made any significant purchases or sale of assets, nor have we been involved in any mergers, acquisitions or consolidations. We have never declared bankruptcy, have never been in receivership, and never been involved in any legal action or proceedings. Our company's business is focused on the development and sale of social media, internet based, interactive entertainment games for use by the general public. We are in the early stages of developing our first game that we have named Curse of the Pharaohs ("COTP"). COTP is planned to provide an engaging online game experience, to be played on social media websites such as Facebook. We are also designing our game to capitalize on the interactive and social elements of gaming, appealing to players of all ages and genders. Each player will primarily play against his or her own programming directions or decisions, but will have the ability to draw on assistance provided by their own social media "friends". It is being designed as a fantasy quest in an engaging and intense environment, in which the player will play a young and ambitious archeologist on a mission to discover the hidden tombs and buried treasures of the Egyptian Pharaohs in the Valley of the Kings. Our website www.isoftinternational.com is functional and will ultimately serve as the primary method to promote our company, our current and planned products, and gain feedback on our commercial product offerings. We completed our first public offering of 1,000,000 shares of our common stock in late February 2012, and raised a gross amount of $50,000 for our operations. We must complete 2 major milestones prior to having our game available for future commercial use and revenue generation. First, we are completing a DVD based video trailer with the funds we receive from our offering. During the first quarter, we contracted with a third party with gaming and video presentation expertise to develop the DVD. The trailer objective is to provide a visually engaging and dynamic representation through motion graphics and special effects to illustrate the key components and processes of the COTP game. The trailer will contain summary representations of our proposed game, characters and stage or realm development that we can use for presentations to the industry and financial community to raise the additional financing we require to complete our second milestone, develop and successfully launch COTP. It will also serve to give us valuable feedback on our concept from our own website viewers. Secondly, we currently estimate that we will require in approximately $250-400,000 to complete development and $200,000 to successfully launch our game with an adequate marketing and promotional campaign. Therefore, we anticipate that we will not have a commercial product for at least 12-24 months from the date hereof. 10
GOING CONCERN We have very limited operations and no revenues. We have incurred losses from operations since inception. No revenues are anticipated until we complete and successfully commercialize our planned game. The ability of our Company to continue as a going concern is dependent on raising capital to fund our business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern. Our activities to date have been financed from the proceeds of share subscriptions. From our inception to December 31, 2012 we have raised a total of $65,000 in gross proceeds from the issuance of our common stock. We require significant additional financing to develop our business. There is no guarantee that we will be able to raise any additional funds. PLAN OF OPERATION Our initial plan of operations over this 12 month fiscal period was to gain support for our concept and then raise sufficient suitable additional financing to commence with the development of the COTP social media game. We did not expect to generate any revenues during this time frame. In order to achieve our plan, we have established the following goals: * Create and execute a video trailer which illustrates our game concept * Upload our trailer on our company website after completion * Secure additional suitable financing to develop our game * Research & select of most effective game engine for COTP requirements * Upon selection of game engine, interview programming specialists who have experience with specific coding languages to develop and support the game engine We have experienced significant delays from our video development contractor, and are currently evaluating whether to allow them to complete it or contract another party. To date, we have developed the overall storyline, brand logo, limited character sketches, and loaded the most recent video demo on our website. The demo is not yet to our satisfaction, and requires additional production to complete. These delays are severely impacting our abilities to raise additional financing. Without additional financing, we may not be able to even complete the video demo to our satisfaction or any other milestones necessary to develop and commercialize our proposed products. Historically, we have been able to raise a limited amount of capital through the sale of our common stock, but we are uncertain about our continued ability to raise funds privately. Our immediate priority is to secure suitable financing to continue with our existing business, but the recent credit and political crisis in our country has only made our situation more difficult. Investors who were historically receptive to startup situations such as ours have become reluctant to invest in this environment. Our current cash balances are limited. Our President and Director has indicated that he will provide unsecured loans to meet only our basic operating and regulatory obligations for the next fiscal year. He is continuing to seek additional financing, and analyzing the various alternatives available to our company, to ensure our survival and to preserve our shareholder's investment in our common shares. RESULTS OF OPERATIONS We incurred a loss of $5,063 for the three months ended December 31, 2012, compared to $225 for the comparable period ended December 31, 2011. Our 2012 loss includes $929 for general and administrative costs and $4,134 for professional fees. Our comparable 2011 loss included $225 for general and administrative costs. We incurred a loss of $37,899 for the nine months ended December 31, 2012, compared to $6,250 for the comparable period ended December 31, 2011. Our 2012 loss includes $4,299 for general and administrative costs and $33,600 for professional fees. Total professional fees expense includes $4,000 for the first contractual payment for the development of our video demo and $23,000 for 11
consulting fees to assist us with the raise of additional capital. Our comparable 2011 loss included $675 for general and administrative costs, $325 for organizational costs and $5,250 for professional fees. From inception on March 9, 2011 to December 31, 2012 we have incurred cumulative losses of $47,633. We believe we will continue to incur losses into the foreseeable future as we develop our business. REVENUES We have not generated any revenues from March 9, 2011 (inception) to December 31, 2012. We will not be in a position to generate revenues for at least 24 months. Future revenue generation is dependent on the successful development and launch of our COTP game. LIQUIDITY AND CAPITAL RESOURCES Historically, we have financed our cash flow and operations solely from the sale of common stock. We started our current fiscal year with $45,729 in cash and $45,919 in working capital. During the nine months ended December 31, 2012 we used $37,549 in cash for our operations and received a capital contribution of $675. As a result, our remaining cash balance as of December 31, 2012 was $8,855. We also have outstanding accounts payable of $160. Therefore, our net working capital balance as of December 31, 2012 was $8,695. We believe our current cash and net working capital balance is sufficient to cover our expenses for the next quarter and will enable us to carry out our initial plan of operations for this period. If we cannot raise additional financing prior to the expiry of this timeframe, we will be forced to cease operations within the following 4-6 months and our business will fail. We are a development stage company and have generated no revenue to date. Even if we are successful in raising additional financing, we will still not be in a position to generate revenues or become profitable. We currently estimate that we will require a minimum of 12-24 months from the date hereof and an additional $450-600,000 to complete the development of our COTP game and promote it commercially. These additional funds will have to be raised through equity financing, debt financing, or other sources, which may result in the dilution in the equity ownership of our shares. We will also need more funds if the costs of the development of our concept and actual game are greater than we have budgeted. We will also require additional financing to sustain our business operations if we are ultimately not successful in earning revenues. We currently do not have any arrangements for further financing and we may not be able to obtain financing when required. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments. There are no assurances that we will be able to obtain further funds required for our continued operations. Even if additional financing is available, it may not be available on terms we find favorable. At this time, there are no anticipated sources of additional funds in place. Failure to secure the needed additional financing will have an adverse effect on our ability to remain in business. ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 3. ITEM 4. CONTROLS AND PROCEDURES DISCLOSURE CONTROLS AND PROCEDURES Under the supervision and with the participation of our management, including our principal executive officer and the principal financial officer, we are responsible for conducting an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end 12
of the fiscal period covered by this report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission ("SEC") reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective as of December 31, 2012. CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING There were no changes in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS None. ITEM 1A. RISK FACTORS As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A. ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS None. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable. ITEM 5. OTHER INFORMATION None. ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. Pursuant to Rule 601 of Regulation SK, the following exhibits are included herein or incorporated by reference. Exhibit Number Description ------ ----------- 3.1 Articles of Incorporation* 3.2 By-laws* 31.1 Certification Pursuant to 18 U.S.C. ss. 1350, Section 302 31.2 Certification Pursuant to 18 U.S.C. ss. 1350, Section 302 32.1 Certification Pursuant to 18 U.S.C. ss.1350, Section 906 101 Interactive Data Files pursuant to Rule 405 of Regulation S-T ---------- * Incorporated by reference to our S-1 Registration Statement, File 333-174443, filed on May 24, 2011 Reports on Form 8-K None. 13
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 4th day of February, 2013. ISOFT INTERNATIONAL INC. Date: February 4, 2013 By: /s/ Mohamed Ayad --------------------------------------- Name: Mohamed Ayad Title: President, CEO, Secretary, Treasurer Principal Executive, Financial and Accounting Officer 1