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EXCEL - IDEA: XBRL DOCUMENT - XR Energy Inc.Financial_Report.xls
EX-32.1 - CERTIFICATION PURSUANT TO - XR Energy Inc.xreg10q03312014ex32_2.htm
EX-31.2 - CERTIFICATION OF - XR Energy Inc.xreg10q03312014ex31_2.htm
EX-31.1 - CERTIFICATION OF - XR Energy Inc.xreg10q03312014ex31_1.htm
EX-32.1 - CERTIFICATION PURSUANT TO - XR Energy Inc.xreg10q03312014ex32_1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_________________

 

FORM 10-Q

_________________

 

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

 

For the quarterly period ended: March 31, 2014

or

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

 

For the transition period from: ______ to ______

_________________

 

XR ENERGY INC.

(Exact name of registrant as specified in its charter)

_________________

Nevada 333-178156 27-0851973
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or Organization) File Number) Identification No.)

 

8411 Sterling Street Suite 102, Irving TX 75063
(Address of Principal Executive Offices) (Zip Code)

 

Telephone (972) 929-4444
(Registrant’s telephone number, including area code)

 

373 Smithtown Bypass, Suite 198 Hauppaguge, NY 11788
(Former name or former address and former fiscal year, if changed since last report)

_________________

 

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 (§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 ¨   No 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.

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

 

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 33,818,800 shares of common stock issued and outstanding as of May 15, 2014.

 

 

 
 

 

 

TABLE OF CONTENTS

   
   
PART I - Financial Information 3
   
Item 1. Financial Statements 4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 10
Item 3. Quantitative and Qualitative Disclosures About Market Risk 11
Item 4. Controls and Procedures 11
   
PART II – Other Information 12
   
Item 1. Legal Proceedings 12
Item 1A. Risk Factors 12
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 12
Item 3. Defaults Upon Senior Securities 12
Item 4. Mine Safety Disclosures 12
Item 5. Other Information 12
Item 6. Exhibits 12
SIGNATURES 14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 PART I. FINANCIAL INFORMATION

 

Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

 

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: growth and anticipated operating results; developments in our markets and strategic focus; product development and reseller relationships and future economic and business conditions. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our consolidated financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

 

ITEM 1. Financial Statements

 

The unaudited interim financial statements of XR Energy, Inc. (the “Company,” “XR,” “we,” “our,” or “us”) follow. All currency references in this report are in U.S. dollars unless otherwise noted.

 

XR Energy, Inc.

Unaudited

(Expressed in U.S. Dollars)

March 31, 2014

 

Unaudited Balance Sheets 4
Unaudited Statements of Operations 5
Unaudited Statement of Stockholders Equity 6
Unaudited Statements of Cash Flows 7
Unaudited Notes to the Financial Statements 8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 
 

XR Energy, Inc.
Balance Sheets
As of March 31, 2014 (Unaudited) and
December 31, 2013
       
   March 31,  December 31,
   2014  2013
   (Unaudited)   
Assets          
       
Current Assets          
           
Cash and Cash Equivalents  $2,189   $289 
Accrued Commissions Receivable   —      948 
           
     Total Current Assets   2,189    1,237 
           
Total Assets  $2,189   $1,237 
           
Liabilities and Stockholders' Deficit          
           
Current Liabilities          
           
Accounts Payable and          
     Accrued Expenses  $16,237   $11,475 
Due to Officer   10,750    —   
Convertible Note Payable   25,000    25,000 
           
             Total Current Liabilities   51,987    36,475 
           
Long-Term Liabilities          
           
Due to Officer   —      4,750 
           
Total Liabilities   51,987    41,225 
           
Stockholders' Deficit          
           
Common Stock, $.0001 par value,          
    100,000,000 shares authorized,          
    22,818,800 and 22,818,800 shares,          
    respectively, issued and outstanding   2,282    2,282 
Additional Paid-In Capital   54,418    54,418 
Accumulated Deficit   (106,498)   (96,688)
           
    Total Stockholders' Deficit   (49,798)   (39,988)
           
Total Liabilities and          
    Stockholders' Deficit  $2,189   $1,237 
           
           
See accompanying notes to financial statements

 

4

 
 

XR Energy, Inc.
Statements of Operations
For the three months ended March 31, 2014 and 2013
(Unaudited)
       
   Three Months Ended March 31,
   2014  2013
       
       
Commissions Revenue  $1,044   $1,777 
           
         Total Revenues   1,044    1,777 
           
General and Administrative Expenses ;          
           
     Professional Fees   8,400    6,750 
     Transfer Agent Fees   372    9,500 
     Rent and Utilities   525    525 
     Filing Fees   1,191    297 
     Corporate Income Taxes   —      29 
     Bank Charges   54    66 
     Interest Expense   312    183 
           
         Total General and Administrative Expenses   10,854    17,350 
           
           
Net (Loss)  ($9,810)  ($15,573)
           
           
Basic and Diluted Net (Loss) per Share  ($0.00)  ($0.00)
           
           
Weighted Average Number of Shares          
   Outstanding, Basic and Diluted   22,818,800    22,818,800 
           
           
           
See accompanying notes to financial statements

 

 

 

 

 

  

 

 

5

 
 

 

XR Energy, Inc.
Statements of Stockholders' Equity
        For the three months ended March 31, 2014
(Unaudited)
                     
                   
                 Common Stock Additional       Total  
      Number of Par Paid-In   Accumulated   Stockholders'  
      Shares Value Capital   Deficit   Equity  
                     
                     
Balance, December 31, 2013           22,818,800    $        2,282  $      54,418    $    (96,688)    $   (39,988)  
                     
                     
  Net (loss) for the three months ended                     
      March 31, 2014                              -                     -                     -   (9,810)   (9,810)  
                     
                       
Balance, March 31, 2014   22,818,800  $        2,282  $      54,418    $ (106,498)    $   (49,798)  
                     
                   
                     
See accompanying notes to financial statements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 
 

XR Energy, Inc.
Statements of Cash Flows
For the three months ended March 31, 2014 and 2013
(Unaudited)
       
   Three Months Ended March 31,
   2014  2013
       
Cash Flows from Operating Activities:          
           
Net (Loss)  $(9,810)  $(15,573)
           
Adjustments to reconcile net income (loss) to          
   net cash provided by operating activities:          
           
Changes in Operating Assets and Liabilities:          
Accrued Commissions Receivable   948    605 
Accounts Payable and          
    Accrued Expenses   4,762    3,208 
           
Total Adjustments   5,710    3,813 
           
Net cash (used in) operating activities   (4,100)   (11,760)
           
           
Cash Flows from Financing Activities:          
           
Advances from Officer   6,000    —   
Note Payable Line of Credit   —      15,000 
           
Net cash provided by financing activities   6,000    15,000 
           
           
Net increase (decrease) in cash and cash equivalents   1,900    3,240 
           
Cash and Cash Equivalents, Beginning of Period   289    1,253 
           
Cash and Cash Equivalents, End of Period  $2,189   $4,493 
           
 Supplemental dosclosures:          
           
 Interest and Taxes paid:          
           
 Interest Expense  $—     $—   
 Income Taxes  $571   $25 
           
           
See accompanying notes to financial statements

7

 
 

XR Energy, Inc.

Notes To Financial Statements

For The Three Months Ended March 31, 2013 and 2014 (Unaudited)

 

 

(1) Organization and Business Description

 

XR Energy, Inc. (“XR” or the “Company”) was incorporated under the laws of the State of Nevada

on August 31, 2009. XR offers energy consulting services to smaller sized middle market companies in the New York Metropolitan Area. The Company also earns a commission from the related utility, or Energy Service Company (“ESCO”), for energy supply brokered and sold to its customers.

 

Going Concern Uncertainty

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplates the Company continuing as a going concern. As of March 31, 2014, the Company had cash of $2,189 and a working capital deficit of $49,798. For the period August 31, 2009 (inception) through March 31, 2014, the Company had minimal revenues and a cumulative net loss of $106,498. These factors raise substantial doubt as to the ability of the Company to continue as a going concern. However, the Company plans to improve its financial condition by raising additional capital by selling shares of its common stock. Also, the Company plans to pursue new customers and an acquisition target in order to attain profitable operations. However, there is no assurance that the Company will be successful in accomplishing these objectives. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

 

Acquisition of XR Energy of Texas, Inc.

 

On March 11, 2014, the Company executed an Acquisition Agreement (the “Agreement”) with XR Energy of Texas Inc. (“XRT”) and its shareholders holding 100% of the issued and outstanding shares (the Shares”) dated February 28, 2014. XRT represented to the Company that it is a Texas corporation that owns certain oil and natural gas leases located in Texas. The Agreement calls for the Company to deliver to XRT 30,000,000 newly issued shares in the name of XRT Shareholders in exchange for 100% of the XRT shares. Concurrently, the Company’s controlling shareholders are to deliver and assign a total of 19,000,000 shares registered in their names to the Company for cancellation. Closing of the Agreement is expected to occur in May 2014.

 

Effective March 20, 2014, Tara Muratore resigned as a director and Chief Financial Officer of the Company and was replaced by David Taylor. Effective April 4, 2014, Anthony Muratore resigned as a director and Chief Executive Officer of the Company and was replaced by Akram Chaudhary, the Chief Executive Officer of XRT.

 

 

(2) Interim Financial Statements

 

The accompanying unaudited interim financial statements of XR Energy, Inc. (the “Company”) have been prepared by management in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, they do not include all information and footnotes required by generally accepted accounting principles for annual audited financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included.

 

8

 
 

 XR Energy, Inc.

Notes To Financial Statements

For The Three Months Ended March 31, 2013 and 2014 (Unaudited)

 

 

The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014. The accompanying unaudited interim financial statements should be read in conjunction with the Company’s audited financial statements and notes related thereto for the years ended December 31, 2012 and 2013 included in our Form 10-K filed with the SEC.

 

 

(3)  Related Party Transactions

 

Included in Accounts Payable and Accrued Expenses at December 31, 2013 and March 31, 2014 is $8,400 and $8,925, respectively, due to a Company, which is owned by the former Chief Executive Officer of XR, for rent and related costs for office space utilized by XR under a verbal month-to-month agreement. This agreement terminated effective March 31, 2014.

 

 

(4) Convertible Note Payable

 

As of September 13, 2013, the Company had borrowed $25,000 and had accrued interest in the amount of $808 related to a Promissory Note payable to the former Chief Executive Officer (the “Holder”). On September 13, 2013, the Holder sold this Promissory Note to an unrelated third party (Beacon Capital, LLC) for face value. The purchaser and the Company agreed to extend the due date for an additional six months through March 12, 2014 (“Maturity Date”) under the same terms and conditions. On November 25, 2013, this note was amended to add a conversion feature whereby the note is convertible in whole or in part, at the sole discretion of the holder, beginning after the Maturity Date into shares of common stock at a conversion price of $.0025 per share. Since the common stock had not yet begun trading, the Company did not recognize any beneficial conversion feature debt discount from this November 25, 2013 amendment. On March 4, 2014, the Company and Beacon Capital, LLC agreed to extend the Maturity Date of the Convertible Promissory Note for an additional six months to September 12, 2014.

 

 

(5) Due To Officer

 

Due to Officer of $10,750 and $4,750 at March 31, 2014 and December 31, 2013, respectively, represents monies advanced to the Company by the former Chief Executive Officer of thee Company for the purpose of providing working capital for the business. The amount due is non-interest bearing and is payable on demand. The balance at March 31, 2014 has been classified as a Current Liability because payment is now expected in the current fiscal year.

 

 

(6)  Commitments and Contingencies

 

Rental Agreement

 

The Company had rented office space from a related party (see Note 3) under a month-to-month agreement which provided for rent of $175 per month. This agreement terminated effective March 31, 2014.

 

9

 
 

XR Energy, Inc.

Notes To Financial Statements

For The Three Months Ended March 31, 2013 and 2014 (Unaudited)

 

 

Major Source of Revenue

 

One utility accounted for 100% of Commissions Revenue for the three months ended March 31, 2013 and 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

 
 

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

 

As used in this Form 10-Q, references to “XR Energy,” the “Company,” “we,” “our” or “us” refer to XR Energy Inc. unless the context otherwise indicates.

 

Forward-Looking Statements

 

The following discussion and analysis and results of operations should be read in conjunction with our unaudited financial statements and accompanying notes and the other financial information which are included elsewhere in this Form 10-Q (the “Report”). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

 

For a description of such risks and uncertainties, refer to our Registration Statement on Form S-1 which was declared effective by the Securities and Exchange Commission on July 19, 2012 (registration statement no. 333-178156). While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. We assume no obligation to update forward-looking statements, except as otherwise required under the applicable federal securities laws.

 

Business Overview

 

We were formed to offer energy consulting services to smaller sized middle market companies, which are companies generating less than $5,000,000 a year in revenues. The Company will analyze customer’s energy consumption and recommend energy saving solutions.

 

Subsequent Event

 

Acquisition of XR Energy of Texas, Inc.

 

On March 11, 2014, the Company executed an Acquisition Agreement (the “Agreement”) with XR Energy of Texas Inc. (“XRT”) and its shareholders holding 100% of the issued and outstanding shares (the Shares”) dated February 28, 2014. XRT represented to the Company that it is a Texas corporation that owns certain oil and natural gas leases located in Texas. The Agreement calls for the Company to deliver to XRT 30,000,000 newly issued shares in the name of XRT Shareholders (29,000,000 shares to Sterling Royalties LLC and 1,000,000 shares to Global Media Network USA, Inc.) in exchange for 100% of the XRT shares. Concurrently, the Company’s controlling shareholders are to deliver and assign a total of 19,000,000 shares registered in their names to the Company for cancellation. Closing of the Agreement is anticipated sometime in May 2014.

 

XRT represented to the Company that it is a Texas corporation that owns certain oil and natural gas leases located in Texas.

 

Effective March 20, 2014, Tara Muratore resigned as a director and Chief Financial Officer of the Company and was replaced by David Taylor. Effective April 4, 2014, Anthony Muratore resigned as a director and Chief Executive Officer of the Company and was replaced by Akram Chaudhary, the Chief Executive Officer of XRT.

 

 

 

 

11

 
 

Results of Operations

 

Comparison of Three Months Ended March 31, 2014 and 2013:

 

Revenues

 

For the three months ended March 31, 2014, we had $1,044 in income as compared to $1,777 of income for the three months ended March 31, 2013. This income was collected from East Coast Power, LLC.

 

Total operating expenses

 

For the three months ended March 31, 2014 total operating expenses were $10,854 which primarily consisted of $8,400 for professional fees, $372 in transfer agent fees, $525 for rent and utilities, $1,191 for filing fees and $312 for interest expense, as compared to $17,350 of operating expenses for the three months ended March 31, 2013 which consisted primarily of $6,750 for professional fees, $9,500 for transfer agent fees and $525 for rent and utilities.  The decrease in operating expenses was primarily a result of a decrease in transfer agent fees.

 

Net loss

 

Net loss for the three months ended March 31, 2014 was $9,810, as compared to net loss of $15,573 for the three months ended March 31, 2013. The decrease in net loss was primarily the result of a decrease in the amount of transfer agent fees.

 

 

Liquidity and Capital Resources

 

As of March 31, 2014, the Company had a cash balance of $2,189.  The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern

 

As of September 13, 2013, the Company had borrowed $25,000 related to a Promissory Note payable to the former Chief Executive Officer (the “Holder”). On September 13, 2013, the Holder sold this Promissory Note to an unrelated third party (Beacon Capital, LLC) for face value. The purchaser and the Company agreed to extend the due date for an additional six months through March 12, 2014 (“Maturity Date”) under the same terms and conditions. On November 25, 2013, this note was amended to add a conversion feature whereby the note is convertible in whole or in part, at the sole discretion of the holder, beginning after the Maturity Date into shares of common stock at a conversion price of $.0025 per share. Since the common stock had not yet begun trading, the Company did not recognize any beneficial conversion feature debt discount from this November 25, 2013 amendment. On March 4, 2014, the Company and Beacon Capital, LLC agreed to extend the Maturity Date of the Convertible Promissory Note for an additional six months to August 12, 2014.  

 

We currently have no other commitments with any person for any capital expenditures.

 

Off-Balance Sheet Arrangements

 

We have no off-balance sheet arrangements.

 

 

 

 

 

12

 
 

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

Michael T. Studer CPA P.C. is our auditors. There have not been any changes in or disagreements with accountants on accounting and financial disclosure or any other matter.

 

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

As a “smaller reporting company” as defined by Rule 229.10(f)(1), we are not required to provide the information required by this Item 3.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended, as of the end of the period covered by this report (the “Evaluation Date”). 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 such that the information relating to us required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) is accumulated and communicated to management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Based on our evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2014.

 

Changes in Control Over Financial Reporting

 

During our most recent fiscal quarter, there has not occurred any change in our internal control over financial reporting (as such term is defined in Rule 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 13

 
 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company’s property is not the subject of any pending legal proceedings.

 

Item 1A. Risk Factors

 

As a “smaller reporting company” as defined by Rule 229.10(f)(1), we are not required to provide the information required by this Item 1A.

 

Purchases of equity securities by the issuer and affiliated purchasers

 

None.

 

Item 2. Unregistered Sale of Securities and Use of Proceeds

 

None.

 

Item 3. Defaults upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

Item 5. Other information

 

The Company did not acquire the LF Taylor lease as noted in the Form 10K filed on April 15, 2014.

 

Another correction to the Form 10K filed on April 15, 2014 is the following:  The Acquisition Agreement (the “Agreement”) with XR Energy of Texas Inc. (“XRT”) calls for the Company to deliver to XRT 30,000,000 newly issued shares in the name of XRT Shareholders (29,000,000 shares to Sterling Royalties LLC and 1,000,000 shares to Global Media Network USA, Inc.) in exchange for 100% of the XRT shares.  The Form 10K reported that all 30,000,000 shares went to Akram Chaudhary personally.

 

The Form 8-K filed on March 24, 2014 stated that Effective March 20, 2014 David Taylor was appointed as a Director, as President, as Secretary, Treasurer, Principal financial and Accounting Officer of the Company in error.  Mr. Taylor was not named the President.

 

 

 

 

 

 

 

 

  

 14

 
 

Item 6. Exhibits

 

Exhibit No.

Description Location
3.1 Articles of Incorporation of XR Energy, Inc Incorporated by reference to Exhibit 3.1 to Registrant’s SEC Form S-1 filed on November 23, 2011
3.2 By-laws of XR Energy, Inc Incorporated by reference to Exhibit 3.1 to Registrant’s SEC Form S-1 filed on November 23, 2011
4.1 Promissory Note Incorporated by reference to Exhibit 4.1 to Registrant’s Amendment No. 1 to SEC Form S-1 filed on May 15, 2012
10.1 Consulting Agreement dated September 22, 2009 between XR Energy Inc. and RJB Consulting Inc Incorporated by reference to Exhibit 3.1 to Registrant’s SEC Form S-1 filed on November 23, 2011
10.2 Consulting Agreement dated September 22, 2009 between XR Energy Inc. and Stephen Giametta Incorporated by reference to Exhibit 3.1 to Registrant’s SEC Form S-1 filed on November 23, 2011
10.3 Consulting Agreement dated September 22, 2009 between XR Energy Inc. and Andew Vicari Incorporated by reference to Exhibit 3.1 to Registrant’s SEC Form S-1 filed on November 23, 2011
10.4 Compensation Agreement dated August 2, 2010 between XR Energy Inc. and East Coast Power, LLC Incorporated by reference to Exhibit 10.5 to Registrant’s Amendment No. 3 to SEC Form S-1 filed on June 29, 2012.
10.5 Representative & Fee Agreement dated May 23, 2012 between Lexington Power & Light LLC. and East Coast Power, LLC Incorporated by reference to Exhibit 10.5 to Registrant’s Amendment No. 3 to SEC Form S-1 filed on June 29, 2012.
31.1 Rule 13a-14(a)/15d-14(a) Certifications of Akram Chaudhary, President Filed herewith.
31.2 Rule 13a-14(a)/15d-14(a) Certifications of David Taylor, Treasurer Filed herewith.
32.1 Section 1350 Certifications of Akram Chaudhary, President Filed herewith.
32.2 Section 1350 Certifications of David Taylor, Treasurer Filed herewith.

 

 

 

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.

**Furnished herewith.

 

 

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SIGNATURES

 

 

Pursuant to the requirements 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.

 

 

 

 

XR ENERGY INC.

Dated: May __ ,2014  
 

By: /s/  Akram Chaudhary

Name: Akram Chaudhary

Title: President (principal executive officer) and Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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