Attached files
| file | filename |
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| EXCEL - IDEA: XBRL DOCUMENT - MyDx, Inc. | Financial_Report.xls |
| EX-32 - MyDx, Inc. | certification321.htm |
| EX-31 - MyDx, Inc. | certification311.htm |
U.S. SECURITIES AND EXCHANGE COMMISSION Form 10-Q |
Mark One
[ X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2014
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to _______
Commission File No. 333-191721
BRISTA CORP.
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction of Incorporation or Organization)
99-0384160 IRS Employer Identification Number | 2822 Primary Standard Industrial Classification Code Number |
Brista Corp.
Stigu iela, 26 dz. 2
Mezares, Babites pagasts, Latvia LV- 2101
Tel. 37127196113
Email: bristacorp@gmail.com
(Address and telephone number of principal executive offices)
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Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No[ ]
Indicate by check mark whether the registrant is a large accelerated filed, 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 checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ X ] No [ ]
Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.
N/A
Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes[ ] No[ ]
Applicable Only to Corporate Registrants
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:
Class | Outstanding as of June 11, 2014 |
Common Stock, $0.001 | 3,375,000 |
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BRISTA CORP.
Form 10-Q
Part 1 | FINANCIAL INFORMATION |
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Item 1 | Financial Statements | 4 |
| Condensed Balance Sheets | 4 |
| Unaudited Condensed Statements of Operations | 5 |
| Unaudited Condensed Statement of changes stockholders’ equity | 6 |
| Unaudited Condensed Statements of Cash Flows | 7 |
| Notes to Unaudited Condensed Financial Statements | 8 |
Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12 |
Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 15 |
Item 4. | Controls and Procedures | 15 |
Part II. | OTHER INFORMATION |
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Item 1 | Legal Proceedings | 16 |
Item 2. | 16 | |
Item 3 | Defaults Upon Senior Securities | 16 |
Item 4 | Mine Safety Disclosures | 16 |
Item 5 | Other Information | 17 |
Item 6 | Exhibits |
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BRISTA CORP. (A DEVELOPMENT STAGE COMPANY) CONDENSED BALANCE SHEETS | ||||
| APRIL 30, 2014 (UNAUDITED) | JULY 31, 2013 (AUDITED) | ||
ASSETS |
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Current Assets |
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| Cash and cash equivalents | $ 12,658 | $ 3,088 | |
| Total current assets | 12,658 | 3,088 | |
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Total Assets | $ 12,658 | $ 3,088 | ||
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LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
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Current Liabilities | ||||
| Loan from shareholder | $ 5,217 | $ 217 | |
| Total current liabilities | 5,217 | 217 | |
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Total Liabilities | 5,217 | 217 | ||
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Commitments and Contingencies | ||||
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Stockholder’s Equity | ||||
| Common stock, $0.001 par value, 75,000,000 shares authorized; |
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| 3,375,000 and 3,000,000 shares issued and outstanding as at April 30, 2014 and July 31,2013, respectively | 3,375 | 3,000 | |
| Additional paid-in-capital | 10,875 | - | |
| Deficit accumulated during the development stage | (6,809) | (129) | |
Total Stockholder’s Equity | 7,441 | 2,871 | ||
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Total Liabilities and Stockholder’s Equity | $ 12,658 | $ 3,088 | ||
The accompanying notes are an integral part of these unaudited condensed financial statements.
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BRISTA CORP. (A DEVELOPMENT STAGE COMPANY) CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) | |||||
| Three months ended April 30, 2014 | Three months ended April 30, 2013 | Nine months ended April 30, 2014 | For the Period from Inception (December 20, 2012) to April 30, 2013 | For the Period from Inception (December 20, 2012) to April 30, 2014 |
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Revenue | $ - | $ - | $ - | $ - | $ - |
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Operating expenses |
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General and administrative expenses | 1,560 | - | 6,680 | 117 - | 6,809 |
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Total operating expenses | (1,560) | - | (6,680) | (117) | (6,809) |
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Loss before income taxes | (1,560) | - | (6,680) | (117) | (6,809) |
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Provision for taxes | - |
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Net loss | $ (1,560) | $ - | $ (6,680) | $ (117) | $ (6,809) |
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Loss per common share – Basic and Diluted | $ (0.00)* | $ -** | $ (0.00)* | $ -** |
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Weighted Average Number of Common Shares Outstanding-Basic and Diluted | 3,057,079 | -** | 3,018,608 | -** |
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‘* denotes a loss of less than $(0.01) per share.
‘** no shares of common stock were issued and outstanding during these periods
The accompanying notes are an integral part of these unaudited condensed financial statements.
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The accompanying notes are an integral part of these unaudited condensed financial statements.
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BRISTA CORP. (A DEVELOPMENT STAGE COMPANY) CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED) | ||||
| Nine months ended April 30, 2014 | For the Period from Inception (December 20, 2012) to April 30, 2013 | For the Period from Inception (December 20, 2012) to April 30, 2014 | |
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CASH FLOWS GENERATED BY (USED IN) OPERATING ACTIVITIES |
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| Net loss | $ (6,680) | $ (117) | $ (6,809) |
| Net cash used in operating activities | (6,680) | (117) | (6,809) |
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CASH FLOWS GENERATE DBY (USED IN) INVESTING ACTIVITIES |
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| Net cash generated by (used in) investing activities | - | - | - |
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CASH FLOWS GENERATED BY (USED IN) FINANCING ACTIVITIES |
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| Proceeds from sale of common stock | 11,250 | - | 14,250 |
| Proceeds from loan from shareholder | 5,000 | 117 | 5,217 |
| Net cash provided by financing activities | 16,250 | 117 | 19,467 |
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Net increase in cash and equivalents | 9,570 | - | 12,658 | |
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Cash and equivalents at beginning of the period | 3,088 | - | - | |
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Cash and equivalents at end of the period | $ 12,658 | $ - | $ 12,658 | |
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Supplemental cash flow information: |
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| Cash paid for: |
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| Interest | $ - | $ - | $ - |
| Taxes | $ - | $ - | $ - |
The accompanying notes are an integral part of these unaudited condensed financial statements.
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BRISTA CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTH PERIODS ENDED APRIL 30, 2014 AND 2013, THE NINE MONTH PERIOD ENDED APRIL 30, 2014, THE PERIOD FROM INCEPTION (DECEMBER 20, 2012) TO APRIL 30, 2013 AND THE PERIOD FROM INCEPTION (DECEMBER 20, 2013) TO APRIL 30, 2014
NOTE 1 - BASIS OF PRESENTATION
Organization and Description of Business
BRISTA CORP. (the “Company”, “we”, “us” or “our”) was incorporated under the laws of the State of Nevada on December 20, 2012 (“Inception”) and intends to commence operations in production of crumb rubber. The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 "Development-Stage Entities.” Since Inception (December 20, 2012) through April 30, 2014 the Company has not generated any revenue and has accumulated losses of $6,809.
Going Concern
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since Inception (December 20, 2012) resulting in an accumulated deficit of $6,809 as of April 30, 2014 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.
The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the private placement of common stock.
Unaudited Interim Financial Statements
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, the 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 consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
Accounting Basis
The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted July 31 fiscal year end.
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Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At July 31, 2013 and April 30, 2014 the Company's bank deposits did not exceed the insured amounts.
Basic and Diluted Income (Loss) Per Share
The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. There were no potentially dilutive debt or equity securities issued or outstanding during the period from Inception (December 20, 2012) to April 30, 2014.
Dividends
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.
Income Taxes
The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Advertising Costs
The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the three and nine month periods ended April 30, 2014, the three month period ended April 30, 2013, the period from Inception (December 10, 2012) to April 30, 2013 for the period from Inception (December 10, 2012) to April 30, 2014.
Impairment of Long-Lived Assets
The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
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Recent accounting pronouncements
We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe that the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Stock-Based Compensation
As of April 30, 2014 the Company has not issued any stock-based payments to its employees.
Stock-based compensation is accounted for at fair value in accordance with ASC 718,”Compensation – Stock Compensation”, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Revenue Recognition
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. No revenue has been earned since inception.
NOTE 2 – COMMON STOCK
The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share.
On May 14, 2013 the Company issued 3,000,000 shares of its common stock at $0.001 per share for total proceeds of $3,000.
In April 2014, the Company issued 375,000 shares of its common stock at $0.03 per share for total proceeds of $11,250.
As of April 30, 2014, the Company has 3,375,000 shares of common stock issued and outstanding.
NOTE 3 – INCOME TAXES
As of April 30, 2014 the Company had net operating loss carry forwards of $6,809 that may be available to reduce future years’ taxable income through 2034. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.
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NOTE 4 – RELATED PARTY TRANSACTIONS
In support of the Company’s efforts and cash requirements, it may rely on advances from 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. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.
As of April 30, 2014, our shareholder has advanced to us an amount of $5,217 by way of loan. The loan is non-interest bearing, due upon demand and unsecured.
NOTE 5 – COMMITMENTS AND CONTINGENCIES
On September 13, 2013 we signed a Premises and Equipment Lease Agreement with SIA PM Grupa. Under the terms of this agreement, we will lease premises with total area of 238 square meters and equipment for the production of crumb rubber tile. The premises and equipment are leased for a period of 5 years commencing on June 1, 2014 and expiring on May 31, 2019. The rent is $ 2,000 per month and includes use of facilities and equipment. At this time we do not have the funds to make the payments required under the terms of the lease and there is no assurance that we will be able to raise the necessary funding.
NOTE 6 – SUBSEQUENT EVENTS
The Company has evaluated subsequent events from April 30, 2014 through the date the financial statements were available to be issued on June 11, 2014 and has determined that other than as disclosed above, there have been no subsequent events after April 30, 2014 for which disclosure is required.
FORWARD LOOKING STATEMENTS
Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
GENERAL
BRISTA CORP. (“BRISTA”, "the Company", “our” or "we") was incorporated under the laws of the State of Nevada on December 20, 2012. Our registration statement has been filed with the Securities and Exchange Commission on October 15, 2013 and has been declared effective on April 9, 2014. Brista Corp. established a fiscal year end of July 31. We do not have revenues, have minimal assets and have incurred losses since inception. We are a development-stage company formed to commence operations in crumb rubber tile manufacturing. We have not commenced operations. As of today, we have developed our business plan and have entered into a Premises and Equipment Lease Agreement, dated September 13, 2013 with SIA „PM Grupa”. The leased equipment includes plant for the hot polymerization of rubber granules and plant for the cold polymerization of rubber granules. It is produced by RTE GmbH LLP (UK) and consist of the Bunker, Mixer, Molding Press, Hot Press with 140 degrees Celsius and Cold Press with 70 degrees Celsius and packaging equipment. The dimension of the whole production line is 7,540 mm X 4,100 mm X 3,200 mm and the weight is 6 tones.
Our Business
We plan to produce crumb rubber tile. The raw material for our production us crumb rubber, recycled rubber from automotive and truck scrap tires. Tire recycling is the process of grinding vehicle and truck tires that are no longer suitable for use on cars or trucks due to wear or irreparable damage. These tires are among the largest and most problematic sources of waste, due to the large volume produced and their durability. Those same characteristics which make waste tires such a problem also make them one of the best re-used waste materials since it results in recycled rubber flooring that is very resilient and can be made into many types of products including gym and weight room flooring. Most importantly, recycling rubber tires helps ensure a cleaner and healthier environment for our future generations. Our principal product is crumb rubber tile. We forecast a high demand for our products. We do not need any government approval for our principal products. We plan to market and distribute our product in European market. We plan to sell our product to daycares, gyms, municipalities for playgrounds and schools.
RESULTS OF OPERATION
We are a development stage company with limited operations since our inception on December 20, 2012 to April 30, 2014. As of April 30, 2014, we had total assets of $12,658 and total liabilities of $5,217. Since our inception to April 30, 2014, we have accumulated a deficit of $6,809. We anticipate that we will continue to incur substantial losses in the next 12 months. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. There can be no assurance we will be successful in raising the funds we require to implement our business plan.
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Three Month Period Ended April 30, 2014 Compared to the Three Month Period Ended April 30, 2013
Revenue
During the three month periods ended April 30, 2014 and 2013, we did not generate any revenue as we have not commenced operations.
Operating Expenses
During the three month periods ended April 30, 2014 and 2013 , operating expenses, comprising solely of general and administrative expenses, of $1,560 and $0 respectively. General and administrative expenses are generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses. The increase in expenses between the two periods reflects the increase in corporate activity between the two periods.
Net Losses
During the three month periods ended April 30, 2014 and 2013 we incurred a loss of $1,560 and $0 respectively due to the factors discussed above.
Nine Month Period Ended April 30, 2014 Compared to the period from Inception (December 20, 2012) to April 30, 2013
Revenue
During the nine month period ended April 30, 2014 and the period from December 20, 2012 (Inception) to April 30, 2013 we did not generated any revenue as we have not commenced operations.
Operating Expenses
During the nine month period ended April 30, 2014 and the period from December 20, 2012 (Inception) to April 30, 2013, we incurred operating expenses, comprising solely of general and administrative expenses, of $6,680 compared to $117 respectively. General and administrative expenses generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses. The increase in expenses between the two periods reflects the increase in corporate activity between the two periods
Net Losses
During the nine month period ended April 30, 2014 and the period from December 20, 2012 (Inception) to April 30, 2013 we incurred a loss of $6,680 and $117 respectively due to the factors discussed above.
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LIQUIDITY AND CAPITAL RESOURCES
As of April 30, 2014
As at April 30, 2014 our current assets were $12,658 comprising entirely of cash compared to $3,088 in current assets at July 31, 2013 again comprising entirely of cash. As at April 30, 2014 our current liabilities were $5,217 comprising entirely of a loan from a shareholder compared to $217 in current liabilities at July 31, 2013 again comprising entirely of a loan from a shareholder. Stockholders’ equity increased from $2,871 as of July 31, 2013 to $7,441 as of April 30, 2014.
Cash Flows from Operating Activities
We have not generated positive cash flows from operating activities. For the nine month period ended April 30, 2014 and for the period from December 20, 2012 to April 30, 2013, net cash flows used in operating activities were $6,680 and $117 respectively reflecting our net losses for the respective periods.
Cash Flows from Investing Activities
We neither used nor generated cash flow from investing activities during the nine month period ended April 30, 2014 and for the period from December 20, 2012 to April 30, 2013
Cash Flows from Financing Activities
We have financed our operations primarily from the sale of shares of our common stock and by way of loan from a shareholder. During the nine month period ended April 30, 2014 and for the period from December 20, 2012 to April 30, 2013 net cash flows from investing activities were $16,250 and $117 respectively For the nine month period ended April 30, 2014, $11,250 was received from proceeds from the sale of shares of our common stock and $5,000 was received by way of loan from a shareholder. For the period from December 20, 2012 to April 30, 2013, we received $117 by way of loan from a shareholder.
PLAN OF OPERATION AND FUNDING
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.
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OFF-BALANCE SHEET ARRANGEMENTS
As of the date of this Quarterly Report, we do not have any 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 are material to investors.
GOING CONCERN
The independent auditors' report accompanying our July 31, 2013 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Smaller reporting companies are not required to provide the information required by this item
ITEM 4. CONTROLS AND PROCEDURES
Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of April 30, 2014. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine-month period ended April 30, 2014 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
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PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
No unregistered sales of equity securities were completed in the three month periods ended April 30, 2014 or 2013.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
No senior securities were issued or outstanding during the three month periods ended April 30, 2014 or 2013.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5. OTHER INFORMATION
None.
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ITEM 6. EXHIBITS
Exhibits:
31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS XBRL Instance Document
101.SCH XBRL Taxonomy Extension Schema Document
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF XBRL Taxonomy Extension Definition Document
101.LAB XBRL Taxonomy Extension Label Linkbase Document
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| BRISTA CORP. |
Dated: June 11, 2014 | By: /s/ Andrejs Levaskovics |
| Andrejs Levaskovics, President and Chief Executive Officer and Chief Financial Officer |
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