AWARENESS FOR TEENS, INC. - FORM 10-Q

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EX-31.1 - CERTIFICATION - AWARENESS FOR TEENS, INC.	arns_ex311.htm
EXCEL - IDEA: XBRL DOCUMENT - AWARENESS FOR TEENS, INC.	Financial_Report.xls
EX-32.1 - CERTIFICATION - AWARENESS FOR TEENS, INC.	arns_ex321.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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 000-54589

Awareness for Teens, Inc.

(Exact name of small business issuer as specified in its charter)

Nevada		27-3103778
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

3416 Rollsreach Drive, San Diego, California 92111

(Address of principal executive offices)

(858) 560-0987

(Issuer's telephone number)

N/A

(Former name, former address and former fiscal year,

if changed since last report)

Check whether the issuer (1) 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 o No x

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 o No x

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

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

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of June 30, 2013 and as of the date hereof: 2,250,000

PART 1. FINANCIAL INFORMATION

FORWARD-LOOKING INFORMATION

All statements contained in this Form 10-Q, other than statements of historical facts, which address future activities, events or developments, are forward-looking statements, including, but not limited to, statements containing the words "believe," "anticipate," "expect" and words of similar import. These statements are based on certain assumptions and analyses made by us in light of our experience and our assessment of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances. However, whether actual results will conform to the expectations and predictions of management is subject to a number of risks and uncertainties that may cause actual results to differ materially.

Consequently, all of the forward-looking statements made in this Form 10-Q are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by management will be realized or, even if substantially realized, that they will have the expected consequences to or effects on our business operations. Certain statements contained below are forward-looking statements (rather than historical facts) that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

As used in this Form 10-Q, unless the context requires otherwise, "we" or "us" means Awareness for Teens, Inc.

ITEM 1. FINANCIAL STATEMENTS.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

FINANCIAL REPORTS

JUNE 30, 2013

DECEMBER 31, 2012

(UNAUDITED)

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

CONTENTS

FINANCIAL STATEMENTS

Condensed Balance Sheets			5

Condensed Statements of Operations			6

Condensed Statement of Stockholders' Equity			7

Condensed Statements of Cash Flows			8

Notes to Condensed Financial Statements			9

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

CONDENSED BALANCE SHEETS

	December 31,			June 30,
	2013			2012
	(Unaudited)
ASSETS
CURRENT ASSETS

Cash	$	12,932		$	12,932

Total current assets		12,932			12,932

Total assets	$	12,932		$	12,932

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts payable	$	1,415		$	915
Officers advances		9,170			9,170

Total current liabilities		10,585			10,085

STOCKHOLDERS’ EQUITY
Common stock: $0.001 par value; authorized 50,000,000 shares;
issued and outstanding: 2,250,000 shares at June 30, 2013 and December 31, 2012;		2,250			2,250
Additional paid in capital		27,750			27,750
Accumulated deficit during development stage		(27,653	)		(27,153	)

Total stockholders’ equity		2,347			2,847

Total liabilities and stockholders’ equity	$	12,932		$	12,932

See Accompanying Notes to Condensed Financial Statements.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	Three months Ended						Six months Ended						April 28, 2010 (Inception) to
	June 30,			June 30,			June 30,			June 30,			June 30,
	2013			2012			2013			2012			2013

Revenues	$	0		$	0		$	0		$	0		$	0

Cost of revenue		0			0			0			0			0

Gross profit		0			0			0			0			0

General, selling and administrative expenses		500			2,829			500			7,438			(27,653	)
Operating (loss)		(500	)		(2,829	)		(500	)		(7,438	)		(27,653	)

Nonoperating income (expense)		0			0			0			0			0

Net (loss)	$	(500	)	$	(2,829	)	$	(500	)	$	(7,438	)	$	(27,653	)

Net (loss) per share, basic and diluted (Note 2)	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Average number of shares of common stock outstanding		2,250,000			2,250,000			2,250,000			2,186,813

See Accompanying Notes to Condensed Financial Statements.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)

	Common Stock				Additional Paid-In		Accumulated (Deficit) During Development
	Shares		Amount		Capital		Stage			Total

May 10, 2010, issue common stock		2,090,000	$	2,000	$	3,000	$	0		$	5,000

Net (loss), December 31, 2010		0		0		0		(9,517	)		(9,517	)

Balance, December 31, 2010		2,000,000		2,000		3,000		(9,517	)		(4,517	)

Net (loss), December 31, 2011		0		0		0		(4,018	)		(4,018	)

Balance, December 31, 2011		2,000,000		2,000		3,000		(13,535	)		(8,535	)

Stock issues at $0.10 per share		250,000		250		24,750		0			25,000

Net (loss), December 31, 2012		0		0		0		(13,618	)		(13,618	)

Balance, December 31, 2012		2,250,000		2,250		27,750		(27,153	)		2,847

Net (loss), June 30, 2013		0		0		0		(500	)		(500	)

Balance, June 30, 2013		2,250,000	$	2,250	$	27,750	$	(27,653	)	$	2,347

See Accompanying Notes to Condensed Financial Statements.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six Months						April 28, 2010 (Inception) to
	Ended June 30, 2013			Ended June 30, 2012			June 30, 2013

Cash Flows From
Operating Activities
Net (loss)	$	(500	)	$	(7,438	)	$	(27,653	)
Adjustments to reconcile net (loss)
to cash provided by (used in) operating activities:
Changes in assets and liabilities
Increase in accounts payable		500			0			1.415

Net cash (used in) operating activities		0			(7,438	)		(26,238	)

Cash Flows From
Investing Activities		0			0			0

Cash Flows From
Financing Activities
Issuance of common stock		0			25,000			30,000
Increase in officer advances		0			7,438			15,973

Net cash provided by financing activities		0			450			45,973

Net increase in cash		0			25,000			12,932

Cash, beginning of period		12,932			0			0

Cash, end of period	$	12,932		$	25,000		$	12,932

SUPPLEMENTAL INFORMATION

Interest Paid	$	0		$	0		$	0

Income Taxes paid	$	0		$	0		$	0

See Accompanying Notes to Condensed Financial Statements.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Note 1. Nature of Business and Significant Accounting Policies

NATURE OF BUSINESS:

Basis of Financial Statement Presentation

The accompanying unaudited condensed consolidated financial statements of Awareness for Teens. Inc, a Nevada corporation (“Company”), have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, these interim condensed consolidated financial statements should be read in conjunction with the Company’s most recent audited financial statements and notes thereto included in its December 31, 2012 Annual Report on Form 10-K. Operating results for the period ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. As used in these Notes to the Condensed Consolidated Financial Statements, the terms the "Company,” "we,” "us,” "our," and similar terms refer to National Automation Services and, unless the context indicates otherwise its consolidated subsidiaries. Significant accounting policies disclosed therein have not changed except as noted below.

Awareness For Teens, Inc. (“Company”) was organized April 28, 2010 under the laws of the State of Nevada. The Company currently has limited operations and, in accordance with FASB ASC 915 “DEVELOPMENT STAGE ENTITIES” is considered a Development Stage Enterprise. The Company has been in the development stage since formation and has realized minimal revenues from its operations.

A SUMMARY OF THE COMPANY’S SIGNIFICANT ACCOUNTING POLICIES IS AS FOLLOWS:

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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

CASH

For the Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2013 and December 31, 2012.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and liquidation of liabilities in the normal course of business. Currently, the Company does not have significant cash or other material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company will be dependent upon the raising of capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation which raises substantial doubt about the Company’s ability to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company.

RECENT ACCOUNTING PRONOUNCEMENTS

The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at the time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements.

Note 2. Stockholders’ Equity

COMMON STOCK

The authorized common stock of the Company consists of 50,000,000 shares with par value of $0.001. On May 20, 2010, the Company authorized and issued 2,000,000 shares of its $0.001 par value common stock in consideration of $5,000 in cash.

From January 1, 2012 through February 15, 2012 the Company sold 250,000 common shares at $0.10 per share, raising $25,000.

The Company has not authorized any preferred stock.

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with FBAS ASC 260, “EARNINGS PER SHARE.” The weighted-average number of common shares outstanding during each period is used to compute basic loss per share. Diluted loss per share is computed using the weighted averaged number of shares and dilutive potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised.

Basic net loss per common share is based on the weighted average number of shares of common stock outstanding of 2,250,000 for the three months ended June 30, 2013 and 2012 and 2,250,000 and 2,186,813 for the six months ended June 30, 2013 and 2012, respectively. As of June 30, 2013 and December 31, 2012 and since inception, the Company had no dilutive potential common shares.

AWARENESS FOR TEENS, INC.

(A Development Stage Company)

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Note 3. Related party Transactions

The Company neither owns nor leases any real or personal property. An officer or resident agent of the corporation provides office services without charge. Such costs are immaterial to the financial statements and accordingly, have not been reflected therein. The officers and directors for the Company are involved in other business activities and may, in the future become involved in other business opportunities. If a specific business opportunity becomes available, such person may face a conflict in selecting between the Company and their other business interest. The Company has not formulated a policy for the resolution of such conflicts. As of June 30, 2013 and December 31, 2012 the Company owed officers $9,170 and $9,170, respectively.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.

General

Awareness for Teens, Inc. (“Awareness”) was incorporated on April 28, 2010 in the State of Nevada.

Business of Issuer

Our business plan originally contemplated providing financial literacy and a money management program for teenagers on a fee for service offered basis with specialized educational programs designed to maximize profit potential and customer loyalty. We had believed that there was a need to train teenagers who we believe lack the basic skills in the management of personal financial affairs.

We had been in the process of establishing ourselves as providing a financial literacy and money management educational program for teenagers for budgeting, the importance of saving, bank accounts and services, establishing and maintaining credit, planning for college, buying a car, basic investing, with related ancillary topics and intended to earn our revenues by charging a fee for individuals to complete our training course.

During the last quarter of 2012, we faced substantial competition, which we could not overcome, from courses in public and private high schools, colleges, other for-profit schools and alternatives to higher education (vocational skill schools and government military schools). This competition, together with past economic financial crisis that still was in recovery in the San Diego area of California, had an adverse effect on our ability to attract students, notwithstanding our marketing attempts.

We are currently inactive and we may remain inactive until such time as the environment for our services change. We may also seek out other business opportunities which will result in a change of our original goals and objectives.

Plan of Operation

Our purpose is to now seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to it by persons or firms who or which desire to seek the advantages of a company who has complied with the Securities Exchange Act of 1934, as amended. We will not restrict its search to any specific business, industry, or geographical location and we may participate in a business venture of virtually any kind or nature. This discussion of the proposed business is purposefully general and is not meant to be restrictive of our virtually unlimited discretion to search for and enter into potential business opportunities. Management anticipates that it may be able to participate in only one potential business venture because we have nominal assets and limited financial resources. This lack of diversification should be considered a substantial risk to our shareholders because it will not permit us to offset potential losses from one venture against gains from another.

Financial Condition

Our auditor's going concern opinion and the notation in the financial statements for the fiscal year ended December 31, 2012 indicate that we do not have sufficient cash or other material assets and that we may be relying on advances from shareholders, officers and directors to meet limited operating expenses. We do not have sufficient cash or other material assets nor do we have sufficient operations or an established source of revenue to cover our operational costs that would allow us to continue as a going concern until we are profitable.

Since the Company has had no operating history nor any significant revenues or earnings from operations, with no significant assets or financial resources, we will in all likelihood sustain operating expense without corresponding revenues, at least until the profitable consummation of any operations.

Results of Operations

Three months ended June 30, 2013

We had no revenues for the periods ended June 30, 2013 or 2012. We had $500 operating expenses for the three month period ended June 30, 2013 compared to $2,829 in 2012. Expenses in 2013 were for the State of Nevada filing fees of the Company, whereas in 2012 expenses are for the legal costs and expenses of filings with the Security and Exchange Commission.

Six months ended June 30, 2013

We had no revenues for the periods ended June 30, 2013 or 2012. We had $500 operating expenses for the six month period ended June 30, 2013 compared to $7,438 in 2012. Expenses in 2013 were for the State of Nevada filing fees of the Company, whereas in 2012 expenses are for the legal costs and expenses of filings with the Security and Exchange Commission.

Liquidity

As of December 31, 2012, we had $ 12,932 cash and we had total liabilities of $ 10,085 and we had a net worth of $ 2,847. As of June 30, 2013 we have cash of $12,932 and total liabilities of $ 10,585. Our net worth was $ 2,347.

We had no changes in the officer’s advance of $9,170 as of December 31, 2012 and June 30, 2013.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

We are a Smaller Reporting Company as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended, and are not required to provide the information under this Item 3.

ITEM 4. EVALUATION OF DISCLOSURE ON CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

The Company's Chief Executive Officer/Principal Accounting Officer participated in the evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), with our independent certified public accountant.

Based on an evaluation of our disclosure controls and procedures as of the end of the period covered by this Form 10-Q (and the financial statements contained in the report), the Company's Chief Executive Officer/Principal Accounting Officer has determined that our current disclosure controls and procedures are effective.

The Company's disclosure controls and procedures and internal controls over financial reporting were not effective at June 30, 2013 due to the Company's inadvertent failure to timely file its quarterly report on Form 10-Q for the quarter.

As a result of our ineffective controls and procedures, we took and are taking measures to enhance the ability of our systems of disclosure controls and procedures to timely identify and respond to changes in the applicable securities filing regulations that are applicable to us.

Changes in Internal Controls and Procedures

In January and March 2014, we made changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that had materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. We had initiated changes in our quarterly review process with our independent public accounting firm.

The changes in our internal controls over financial reporting addressed our prior weaknesses that included our disclosure controls and procedures. We instituted new reporting and approval procedures that have remediated the disclosed material weaknesses and we had further concluded that our internal controls over financial reporting was effective for the prior reported periods, as reflected on the prior quarterly reports. These changes were also applied as it relates to the financial statements contained in this report in accordance with generally accepted accounting principles.

The Company is not an "accelerated filer" for the current fiscal year because it is qualified as a "small business issuer". Hence, under current law, the internal controls certification and attestation requirements of Section 404 of the Sarbanes-Oxley act will not apply to the Company. This Annual report on Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only management's report in this Annual Report on Form 10-K.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEDINGS.

We may be subject to legal proceedings from time to time in the ordinary course of our business. The Company is not currently a party to, nor is any of its property currently the subject of, any material legal proceeding. None of the Company’s directors, officers or affiliates is involved in a proceeding adverse to the Company’s business or has a material interest adverse to the Company’s business.

ITEM 1A. RISK FACTORS.

There have been no material changes in our risk factors since the filing of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

We did not sell unregistered securities during the period covered by this report.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not Applicable

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

There were no 8-K's filed during the reporting period.

The following exhibits are filed with this report:

31.1		Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002.

32.1		Certification pursuant to Section 906 of 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 Linkbase Document

101.LAB **		XBRL Taxonomy Extension Label Linkbase Document

101.PRE **		XBRL Taxonomy Extension Presentation Linkbase Document

____________

** 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

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

	AWARENESS FOR TEENS, INC.

Date: August 6, 2014	By:	/s/ Maureen Cottrell
		Maureen Cottrell
		President (Principal Executive Officer),
		Secretary/Treasurer (Principal Financial Officer) and Sole Director

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