OLIE INC - FORM 10-Q - August 20, 2013

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EXCEL - IDEA: XBRL DOCUMENT - OLIE INC	Financial_Report.xls
EX-32 - CERTIFICATION - OLIE INC	olie_ex32.htm
EX-31 - CERTIFICATION - OLIE INC	olie_ex31.htm

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 10-Q

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

For the quarterly period ended June 30, 2013

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to __________.

Commission file number 333-178208

OLIE, INC.

(Name of small business issuer in its charter)

Delaware

(State or other jurisdiction of incorporation or organization)

33-1220056

(I.R.S. Employer Identification No.)

300-838 Hastings Street Vancouver, BC V6C0A6

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (604) 828-9999

Indicate by check mark whether the registrant (1) 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. x Yes o 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). o 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):

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

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

The number of shares of the issuer’s common stock, par value $.00001 per share, outstanding as of August 13, 2013 was 96,500,000.

TABLE OF CONTENTS

		Page
Part I. Financial Information

Item 1.	Financial Statements.		3
	Consolidated Balance Sheets for the periods ending June 30, 2013 (unaudited) and September 30, 2012 (audited).		3
	Consolidated Statements of Operations for the three and nine months ending June 30, 2013 and 2012 and for the period December 10, 2010 (date of inception) through June 30, 2013 (unaudited).		4
	Consolidated Statements of Cash Flows for the three and nine months ending June 30, 2013 and 2012 and for the period December 10, 2010 (date of inception) through June 30, 2013 (unaudited).		5
	Notes to Consolidated Financial Statements (unaudited).		6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		9
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		13
Item 4.	Controls and Procedures.		13

Part II. Other Information.

Item 1.	Legal Proceedings		14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		14
Item 3.	Defaults Upon Senior Securities.		14
Item 4.	Mine Safety Disclosure.		14
Item 5.	Other Information.		14
Item 6.	Exhibits.		15

Signatures			16

Part I. Financial Information

Item 1. Consolidated Financial Statements.

OLIE, Inc.

(A Development Stage Company)

Consolidated Balance Sheets

	June 30, 2013			September 30, 2012

ASSETS

Current Assets
Cash	$	127		$	127

TOTAL ASSETS	$	127		$	127

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
Accounts payable and accrued expenses	$	48,497		$	2,389
Notes payable		77,445			5,970
Notes payable, related party		284,184			465
Total Current Liabilities		410,126			8,824

STOCKHOLDERS' DEFICIT

Common stock, $.0001 par value, 200,000,000 shares
authorized; 96,500,000 and 96,000,000 shares issued and
outstanding, respectively		9,650			9,600
Additional paid-in capital		36,000			36,000
Accumulated deficit during development stage		(450,249	)		(48,897	)
TOTAL STOCKHOLDERS' DEFICIT		(409,999	)		(8,697	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	127		$	127

See notes to unaudited condensed financial statements

__________

* Retroactive restatement for forty for one (40:1) forward split approved on December 19, 2012

Olie, Inc.

(A Development Stage Company)

Consolidated Statements of Operations

	Three Months Ended June 30,						Nine Months Ended June 30,						December 10, 2010 (inception) through June 30,
	2013			2012			2013			2012			2013

REVENUES	$	-		$	-		$	-		$	-		$	-

OPERATING EXPENSES
Professional		70,511			14,020			144,631			32,920			186,581
General and administrative		39,710			2,797			56,721			8,443			63,668

NET OPERATING LOSS		110,221			16,817			201,352			41,363			250,249

OTHER EXPENSES
Investment exploration		200,000						200,000						200,000

NET LOSS	$	(310,221	)	$	(16,817	)	$	(401,352	)	$	(41,363	)	$	(450,249	)

Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average common shares outstanding —basic and diluted		96,346,154			96,000,000			96,115,385			96,000,000

See notes to unaudited condensed financial statements

____________

* Retroactive restatement for forty for one (40:1) forward split approved on December 19, 2012

Olie Inc.

(A Development Stage Company)

Consolidated Statements of Cash Flows

	Nine Months Ended June 30,						December 10, 2010 (inception) through June 30,
	2013			2012			2013

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(401,352	)	$	(41,363	)	$	(450,249	)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services		50			-			50
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		46,108			6,659			48,497
NET CASH USED IN OPERATING ACTIVITIES		(355,194	)		(34,704	)		(401,702	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes and loans payable		355,194			-			361,629
Proceeds from issuance of common stock		-			680			40,200
NET CASH PROVIDED BY FINANCING ACTIVITIES		355,194			680			401,829

INCREASE (DECREASE) IN CASH		-			(34,024	)		127

CASH - BEGINNING OF PERIOD		127			38,068			-

CASH - END OF PERIOD	$	127		$	4,044		$	127

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-		$	-
Cash paid for interest	$	-		$	-		$	-

See notes to unaudited condensed financial statements

OLIE, INC.

(A Development Stage Entity)

Notes to Consolidated Financial Statements

For the period ending June 30, 2013

(Unaudited)

NOTE 1. NATURE OF OPERATIONS

ORGANIZATION

Olie, Inc. (the “Company”), was incorporated in the State of Delaware on December 10, 2010. The Company is headquartered in British Columbia, Canada.

The Company intends to operate a music production company. The Company’s fiscal year end is September 30.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended September 30, 2012 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

RECENT ACCOUNTING PRONOUNCEMENTS

Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

OLIE, INC.

(A Development Stage Entity)

Notes to Consolidated Financial Statements

For the period ending June 30, 2013

(Unaudited)

NOTE 3. GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of June 30, 2013, the Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 4. COMMON STOCK

On November 29, 2012 a Written Consent to Action without a Meeting form was executed by shareholders to facilitate the 40 to 1 forward stock split. On December 19, 2012 FINRA declared effective a Forty-for-One (40-for-1) forward split of our shares. The forward split was approved by a majority of the holders of our outstanding share capital. The common shares and per share information included in the financial statements have been retroactively restated for the forty to one (40:1) forward split approved on December 19, 2012.

On April 29, 2013, the Company issued 500,000 shares of common stock for services rendered. These shares were valued at par for a total of $50.

OLIE, INC.

(A Development Stage Entity)

Notes to Condensed Financial Statements

For the period ending June 30, 2013

(Unaudited)

NOTE 5. RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it is relying on advances from its shareholders and related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.

As of June 30, 2013, there has been $284,184 advanced from these related parties. The balance is documented with a demand note that carries no repayment terms and no stated interest. The balance due to the related party at June 30, 2013 and September 30, 2012 was $284,184 and $465, respectively.

The above amount is not necessarily indicative of the amounts that would have been incurred had comparable transactions been entered into with independent parties.

NOTE 6. NOTES PAYABLE

In July 2012, the Company received $5,970. The loan is non-interest bearing, unsecured, and due on July 31, 2013.

During the period ending June 30, 2013, a non related party paid certain expenses for the Company in the amount of $71,475. The loan is non-interest bearing, unsecured and due on demand.

NOTE 7. NOTES PAYABLE - RELATED PARTY

In February 2012, the Company’s Secretary loaned the Company $465. The loan is non-interest bearing, unsecured, and due on demand.

During the period ending June 30, 2013, Robert Gardner, CEO paid certain expenses on for the Company in the amount of $283,719. The loan is non-interest bearing, unsecured and due on demand.

NOTE 8. SUBSEQUENT EVENTS

In accordance with ASC 855-10, management has evaluated subsequent events through the date the financial statements were issued.

In July 2013, the Company changed the par value of its common stock from $.0001 to $.00001 and increased the number of common shares authorized from 200,000,000 to 3,000,000,000. It also added four classes of stock which are Preferred Stock, Classes A, B, C and D. The total number of authorized shares of preferred stock is 45,000,004 with a par value of $.0001. Voting powers and other special rights allowable by law are at the discretion of the Board of Directors. At this time, no designation of any series has been determined. No preferred shares have been issued. These changes have not been reflected in the financial statements for the nine months ended June 30, 2013. Below summarizes the amended authorized shares:

Type of Share	Par		Authorized

Common	$	0.00001		3,000,000,000

Preferred - A	$	0.00010		4

Preferred - B	$	0.00010		10,000,000

Preferred - C	$	0.00010		25,000,000

Preferred - D	$	0.00010		10,000,000

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Note Regarding Forward Looking Statements.

This quarterly report on Form 10-Q of Olie Inc. for the period ended June 30, 2013 contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements which, by definition, involve risks and uncertainties. In particular, statements under the Sections; Description of Business, Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result or be achieved or accomplished.

The following are factors that could cause actual results or events to differ materially from those anticipated, and include but are not limited to: general economic, financial and business conditions, changes in and compliance with governmental regulations, changes in tax laws, and the costs and effects of legal proceedings.

You should not rely on forward-looking statements in this quarterly report. This quarterly report contains forward-looking statements that involve risks and uncertainties. We use words such as “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” and similar expressions to identify these forward-looking statements. Prospective investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by Olie Inc. For example, a few of the uncertainties that could affect the accuracy of forward-looking statements include:

1.	Our business strategy;
2.	Our financial position;
3.	The extent to which we are leveraged;
4.	Our cash flow and liquidity;
5.	Our inability to obtain additional financing in order to fund our operations, capital expenditures, and to meet our other obligations;
6.	Our inability to attract and retain key personnel;

Financial information provided in this Form 10-Q, for periods subsequent to September 30, 2012, is preliminary and remains subject to audit. As such, this information is not final or complete, and remains subject to change, possibly materially.

Overview

We are a development stage company with limited operations and no revenues from our business operations. We do not anticipate that we will generate significant revenues until we are able to market and sell primarily our proposed remote post-production music production services and generate customers. Accordingly, we must raise cash from sources other than our operations in order to implement our marketing plan.

“Post Production” music services include, but are not limited to, sound engineering, mixing, and all aspects of creating a piece of music save for the actual original recording. For example, if singer records as song with a guitar, a post production engineer can add other instruments, sound effects and harmonies during post production. Modern digital technology permits post production to be done anywhere in the world.

In our management’s opinion, even though the music industry is concentrated and dominated by large recording companies they believe that there is a market for reasonably priced “Post Production” music services, especially among independent musicians who have a limited amount of funds to produce their music.

We have raised approximately $40,000 from our shareholders. We believe that we will need to raise an additional approximate $60,000 in order to allow us to begin our market development and sales activities and to remain in business for twelve months including the costs related with being a public company. There is no reasonable expectation as to when revenues may be generated. At the present time, we have not made any arrangements to raise additional cash to finance our operations. We may seek to obtain additional funds through a second public offering, a private placement of securities, or loans. Other than as described in this paragraph, we have no financing plans at this time.

Plan of Operation

We have not shown any revenues or profits since our inception date. Over the next twelve months we intend to commence an advertising and promotional strategy stated below in order to attain our initial customers and generate revenue. We will develop a website with our base price list which we believe will attract traffic based on the low pricing matrix. Customers can contact us by filling out a simple contact sheet on-line or will be encouraged to call us to set up a free consultation. In the modern world of digital technology we expect to do these consultations over the phone, via video conference or in person.

We intend to use large files that can be transferred via “Dropbox,” a free service, which allows us to send files in gigabyte (s) sizes. In fact, we never actually have to meet our client in person in order to conduct business. On the other hand, the equipment in our studio is completely portable and can be taken offsite.

We believe that a good deal of our business will be post-production engineering. Post production will not require face to face meeting with the customers, but rather that the client, will provide us via “Dropbox” (or other such service) with their initial digitized recording(s) and we will handle the post production work remotely. We will do post production remotely and send back to the clients the work for their approval. We anticipate a collaborative process similar to that done in a studio – but taking advantage of current technology – and the ease with which our anticipated client base uses that technology.

Critical Accounting Policies

We prepare our condensed financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the condensed financial statements are prepared. Due to the need to make estimates about the effect of matters that are inherently uncertain, materially different amounts could be reported under different conditions or using different assumptions. On a regular basis, we review our critical accounting policies and how they are applied in the preparation of our condensed financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

For a full description of our critical accounting policies, please refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2012 Annual Report on Form 10- K

Results of Operations for the three and six months ended June 30, 2013 and June 30, 2012.

Revenues

We had no revenues for the period from December 10, 2010 (date of inception) through June 30, 2013.

Operating Expenses

Total Operating Expenses. Total operating expenses for the three and nine months ended June 30, 2013 and 2012 were $110,221, $201,352, and $16,817 and $41,363, respectively. Total operating expenses consisted of professional fees and selling, general and administrative expenses. The change was primarily due to an increase in consulting fees and attorney fees incurred to assist in implementing our business plan.

Financial Condition

Total Assets. Total assets at June 30, 2013 and September 30, 2012 were $127 and $127, respectively.

Total Liabilities. Total liabilities at June 30, 2013 and September 30, 2012 were $410,126 and $8,824, respectively. Total liabilities consist of notes payable and accounts payable. The change was due to an increase in funds advanced the company by the Robert Gardner, CEO and a non-related party to pay for professional fees associated with implementing our business plan.

Liquidity and Capital Resources

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 ordinary course of business.

The Company sustained a loss of $310,221 and $401,352 for the three and nine months ended June 30, 2013. The Company has an accumulated loss of $450,249 during the development stage, December 10, 2010 (date of inception) through June 30, 2013. Because of the absence of positive cash flows from operations, the Company will require additional funding for continuing the development and marketing of products. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

We are not presently able to meet our obligations as they come due. At June 30, 2013 we had minimal assets and a working capital deficit of $409,999. Our working capital deficit is due to the results of operations.

Net cash used in operating activities for the nine months ended June 30, 2013 and 2012 was $(355,194) and $(34,704), respectively. Net cash used in operating activities during the development stage, December 10, 2010 (date of inception) through June 30, 2013 was $(401,702). Net cash used in operating activities includes our net loss and accounts payable.

Net cash provided by financing activities for the three and nine months ended June 30, 2013 and 2012 was $355,194 and $680, respectively. Net cash provided by financing activities for the development stage, December 10, 2010 (date of inception) through June 30, 2013 was $401,829. Net cash provided by financing activities includes the proceeds from stock sales of $40,200 and proceeds from notes payable and notes payable - related party of $361,629.

We anticipate that our future liquidity requirements will arise from the need to fund our growth from operations, pay current obligations and future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations and raising additional funds from the private sources and/or debt financing. However, we can provide no assurances that we will be able to generate sufficient cash flow from operations and/or obtain additional financing on terms satisfactory to us, if at all, to remain a going concern. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis and ultimately to attain profitability. Our Plan of Operation for the next twelve months is to raise capital to continue to expand our operations. We are presently engaged in capital raising activities through one or more private offering of our company’s securities. We would most likely rely upon the transaction exemptions from registration provided by Regulation D, Rule 506 or conduct another private offering under Section 4(2) of the Securities Act of 1933. See “Note 3 – Going Concern” in our financial statements for additional information as to the possibility that we may not be able to continue as a “going concern.”

We have no known demands or commitments and are not aware of any events or uncertainties that will result in or that are reasonably likely to materially increase or decrease our current liquidity.

We are not aware of any trends or known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in material increases or decreases in liquidity.

Capital Resources.

We had no material commitments for capital expenditures as of June 30, 2013 and September 30, 2012.

Off-Balance Sheet Arrangements

We have made no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

We are a Smaller Reporting Company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Item 4. Controls and Procedures.

(a) Management’s Conclusions Regarding Effectiveness of Disclosure Controls and Procedures.

The Company’s Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Securities Exchange Act Rules 13a-15 (f) and 15d-15(f)) as of June 30, 2013, have concluded that as of such date the Company’s disclosure controls and procedures were ineffective. Material weaknesses noted are: lack of a functioning audit committee due to a lack of a majority of independent members; lack of a majority of outside directors on the board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and, management dominated by a single individual without adequate compensating controls.

(b) Changes in Internal Controls.

There have been no changes in the Company’s internal control over financial reporting during the period ended June 30, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

For a full discussion of controls and procedures refer to Item 9A, Controls and Procedures, in our 2012 Annual Report on Form 10K.

Part II. Other Information

Item 1. Legal Proceedings.

None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

During the six month period ending June 30, 2013, the Company issued 500,000 unregistered shares of its common stock for consulting services at a cost basis of par value.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosure.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits

Exhibit Number and Description

(a)	Financial Statements*

(b)	Exhibits required by Item 601, Regulation S-K;

Exhibit No.		Description

3.1		Certificate of Incorporation (incorporated by reference from our Registration Statement on Form S-1 files on November 29, 2012).

3.2		Bylaws (incorporated by reference from our Registration Statement on Form S-1 filed on November 29, 2012).

31*		Section 302 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner

32*		Section 906 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner

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

*Filed herewith.

** 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.

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.

	OLIE, INC.

Date: August 16, 2013	By:	/s/ Robert Gardner
		Robert Gardner,
		Principal Executive Office, Principal Accounting Officer
		Chief Financial Officer, Secretary,
		Chairman of the Board of Directors

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