U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

(Mark One)

 

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

 

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2013

 

OR

 

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

 

FOR THE TRANSITION PERIOD FROM ______________ TO ______________

 

COMMISSION FILE NUMBER: 000-15109

 

CALA CORPORATION

Exact Name of Company as Specified in Its Charter)

 

Oklahoma		73-1251800
(State or Other Jurisdiction of Incorporation)		(I.R.S. Employer or Organization Identification No.)
1314 Texas Street, Suite 400, Houston, TX 77002		(713) 302-8689
(Address of Principal Executive Offices.		(Company’s Telephone Number)

  

Indicate by check mark whether the Company (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 Company was required to file such reports), and (2) been subject to such filing requirements for the past 90 days. Yes ¨ 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 x No ¨

 

Indicate by check mark whether the Company is a large accelerated filer, an accelerated file, non-accelerated filer, or a smaller reporting company.

 

Large accelerated filer	¨	Accelerated filed	¨
Non-accelerated filer	¨	Smaller reporting company	x

 

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

 

As of September 22, 2015, the Company had 320,866,147 shares of common stock issued and outstanding.

 

Transitional Small Business Disclosure Format (check one): Yes ¨ No x

 

 

 

 

TABLE OF CONTENTS

 

			Page
PART I: FINANCIAL INFORMATION
Item 1.	Financial Statements			3
	Balance Sheets as at March 31, 2013 (unaudited) and December 31, 2012 (audited)			3
	Statements of Operations for the three months ending March 31, 2013 and 2012 (unaudited)			4
	Statements of Cash Flows for the three months ended March 31, 2013 and 2012 (unaudited)			5
	Notes to Financial Statements (unaudited)			6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations			8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk			13
Item 4.	Controls and Procedures			14
PART II: OTHER INFORMATION
Item 1.	Legal Proceedings			15
Item 1A.	Risk Factors			15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds			15
Item 3.	Defaults upon Senior Securities			16
Item 4.	Mine Safety Disclosure			16
Item 5.	Other Information			16
Item 6.	Exhibits			16
Signatures				17

 

2

  

CALA CORPORATION

BALANCE SHEETS

 

		March 31, 2013				December 31, 2012
		(Unaudited)				(Audited)
ASSETS
Total assets		$	--			$	--
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued expenses		$	91,308			$	91,130
Due to related party			127,862				124,522
Accrued officers salary			1,408,600				1,333,600
Taxes payable			11,599				11,599
Notes payable			62,000				62,000
Contingent liabilities			321,667				321,667
Total current liabilities			2,023,036				1,944,518
Total liabilities			2,023,036				1,944,518
Stockholders' deficit
Common stock
$0.005 par value; 400,000,000 shares authorized
Issued and outstanding: 320,866,147 and 320,866,147,
respectively			1,604,329				1,604,329
Additional paid-in capital			11,861,259				11,861,259
Accumulated deficit			(15,487,508	)			(15,408,990	)
Treasury stock - 56,533 shares at cost			(1,116	)			(1,116	)
Total stockholders' deficit			(2,023,036	)			(1,944,518	)
Total liabilities and stockholders’ deficit		$	--			$	--

 

The accompanying notes are an integral part of these unaudited financial statements.

 

3

 

CALA CORPORATION

STATEMENTS OF OPERATIONS

(Unaudited)

 

		For three Months Ended March 31, 2013				For three Months Ended March 31, 2012
Income		$	--			$	--
General and administrative expense			75,354				75,404
Total operating expenses			75,354				75,404
Loss from operations			(75,354	)			(75,404	)
Other income (expense)
Interest expense			(3,164	)			(2,914	)
Total other income (expense)			(3,164	)			(2,914	)
Net loss		$	(78,518	)		$	(78,318	)
Earnings per share:
Basic and diluted loss per share		$	(0.00	)		$	(0.00	)
Basic and diluted weighted average number of shares of common stock outstanding			320,866,147				320,866,147

 

The accompanying notes are an integral part of these unaudited financial statements.

 

4

 

CALA CORPORATION

STATEMENTS OF CASH FLOWS

(Unaudited)

 

		For Three Months Ended March 31, 2013				For Three Months Ended March 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(78,518	)		$	(78,318	)
Adjustments to reconcile loss from continuing
operations to net cash used in operating activities:
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities			178				1,558
Officers salary payable			75,000				75,000
Net cash used in operating activities			(3,340	)			(1,760	)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from advances - related party			3,340				1,760
Net cash provided by financing activities			3,340				1,760
NET CHANGE IN CASH			--				--
CASH AT BEGINNING OF PERIOD			--				--
CASH AT END OF PERIOD		$	--			$	--
SUPPLEMENTAL INFORMATION:
Interest paid		$	28			$	--

 

The accompanying notes are an integral part of these unaudited financial statements.

 

5

  

CALA CORPORATION

NOTES TO FINANCIAL STATEMENTS

March 31, 2013

(Unaudited)

 

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

 

Cala Corporation, (formerly Magnolia Foods, Inc.), (the “Company”) was incorporated on June 13, 1985 under the laws of the State of Oklahoma. The Company's sole industry segment was the business of owning, operating, licensing and joint venturing restaurants. The Company discontinued this line of business on December 31, 2006.

 

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 December 31, 2012 and notes thereto and other pertinent information contained in our Form S-1 the Company has filed with the Securities and Exchange Commission (the “SEC”).

 

The results of operations for the three month period ended March 31, 2013 are not necessarily indicative of the results for the full fiscal year ending December 31, 2013.

 

NOTE 2 - GOING CONCERN

 

The accompanying financial statements are prepared on a basis of accounting assuming that the Company is a going concern that contemplates realization of assets and satisfaction of liabilities in the normal course of business. The Company’s management plans to engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue-producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern.

 

6

  

NOTE 3 - RELATED PARTY TRANSACTIONS

 

During the three months ending March 31, 2013, the Company accrued $75,000 for salary payable to an officer of the Company resulting in a balance due of $1,408,600 which has been accrued and not paid. As of December 31, 2012, salary payable due to officer was $1,333,600

 

During the three months period ending March 31, 2013, an officer advanced $3,340 to the Company for operating expenses on behalf of the company. As of March 31, 2013 and December 31, 2012, the outstanding balance was $127,862 and $124,522, respectively.

 

NOTE 4- NOTE PAYABLE

 

In January 2007, the Company issued a note for $60,000 bearing interest at 10% on the principal and accrued interest compounding monthly. As of March 31, 2013 and December 31, 2012, the outstanding principal balance of the note was $60,000 and $60,000 and had accrued interest of $57,726 and $54,590, respectively. The note, including principal and interest, is in default and still outstanding.

 

Additionally, in June 2009, the Company received $2,000 in other advances to meet the day to day expenses of the Company. Such advances are non-interest bearing and due on demand. As of March 31, 2013 and December 31, 2012, the outstanding balance in advances was $2,000 and $2,000, respectively.

 

NOTE 5 —SUBSEQUENT EVENTS

 

Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure.

 

7

  

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The following discussion and analysis of the Company’s financial condition and results of operations is based upon, and should be read in conjunction with, its unaudited financial statements and related notes included elsewhere in this Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United States.

 

Overview

 

The Company is in the planning and development stage of building the first UnderSea Resort & Casino, the first Undersea Residence, and the first Residence Fractional Ownership. The development will be the residence and the fractional ownership, and the project will be financed from pre-selling individual units. The Company estimates that the resort and casino will include a 50,000 square foot world class Spa by Pevonia and a 200,000 square foot convention center. The development should generate approximately $600 million of revenue from the sale of the units while the total development cost should be approximately $460 million. The Company is in discussions with leaders in the hospitality, gambling, spa and convention industry to explore the possibility of a partnership or contractual arrangement with the Company. The undersea resort ships have the ocean available without the limitations of land. If and when the Company locates a business opportunity, management of the Company will give consideration to the dollar amount of that entity's profitable operations and the adequacy of its working capital in determining the terms and conditions under which the Company would consummate such an acquisition. Potential business opportunities, no matter which form they may take, will most likely result in substantial dilution for the Company’s shareholders due to the issuance of stock to acquire such an opportunity.

 

The Company also intends to take advantage of any reasonable business proposal presented which management believes will provide the Company and its stockholders with a viable business opportunity and fits within the objectives of the Company and its business development. The board of directors will make the final approval in determining whether to complete any acquisition, and unless required by applicable law, the articles of incorporation or bylaws or by contract, stockholders' approval will not be sought.

 

Along with the development of the Undersea Resort and Casino, the investigation of specific business opportunities and the negotiation, drafting, and execution of relevant agreements, disclosure documents, and other instruments will require substantial management time and attention and will require the Company to incur costs for payment of accountants, attorneys, and others. If a decision is made not to participate in or complete the acquisition of a specific business opportunity, the costs incurred in a related investigation will not be recoverable. Further, even if an agreement is reached for the participation in a specific business opportunity by way of investment or otherwise, the failure to consummate the particular transaction may result in the loss to the Company of all related costs incurred.

 

8

 

Results of Operations

 

Revenues

 

The Company reported no revenues for the three months ended March 31, 2013 and 2012.

 

General and Administrative Expenses

 

The Company incurred total selling, general and administrative expenses of $75,354 for the three months ended March 31, 2013 as compared to $75,404 for the three months ended March 31, 2012. The decrease in this expense category, while insignificant, was due primarily to lower accounting and filing costs in 2013 over 2012.

 

Interest Expense

 

The Company incurred interest charges of $3,164 and $2,914 during the three months ended March 31, 2013 and 2012. The increase in interest is due to the interest calculation on the note plus accrued interest increasing the interest amount each quarter.

 

Net Loss

 

The Company reported a net loss of $78,518 for the three months ended March 31, 2013 as compared to a net loss of $78,318 for the same period ended March 31, 2012. The loss for the quarter ended March 31, 2013 was primarily attributable to accrual of officer salaries.

 

Factors That May Affect Operating Results

 

The operating results of the Company can vary significantly depending upon a number of factors, many of which are outside its control. General factors that may affect the Company’s operating results include:

 

	·	market acceptance of and changes in demand for products and services;
	·	a small number of customers account for, and may in future periods account for, substantial portions of the Company’s revenue, and revenue could decline because of delays in customer orders or the failure to retain customers;
	·	gain or loss of clients or strategic relationships;
	·	announcement or introduction of new services and products by the Company or by its competitors;

 

9

 

	·	price competition;
	·	the ability to upgrade and develop systems and infrastructure to accommodate growth;
	·	the ability to introduce and market products and services in accordance with market demand;
	·	changes in governmental regulation; and
	·	reduction in or delay of capital spending by clients due to the effects of terrorism, war and political instability.

 

Key Personnel

 

The Company’s success is largely dependent on the personal efforts and abilities of its senior management. The loss of certain members of the Company’s senior management, including the Company’s chief executive officer, chief financial officer and chief technical officer, could have a material adverse effect on the Company’s business and prospects.

 

Operating Activities

 

The net cash used in operating activities was $3,340 for the three months ended March 31, 2013 compared to net cash used of $1,760 for the three months ended March 31, 2012. This decrease is due primarily to higher accounts payable in 2013 over 2012.

 

Investing Activities

 

There was no investing activity in either March 31, 2013 or 2012.

 

Financing Activities

 

Net cash provided by financing activities was $3,340 for the three month period ending March 31, 2013 and $1,760 for the same period ending March 31, 2012. Cash provided was from advances from a related party in both periods.

 

10

  

Liquidity and Capital Resources

 

As of March 31, 2013, the Company had total current assets of zero and total current liabilities of $2,023,036 resulting in net working capital deficit of $2,023,036. During the three months ended March 31, 2013 and 2012, the Company incurred losses of $78,518 and $78,318, respectively. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. In fact, the Company’s independent accountants’ audit report included in the Form 10-K for the year ended December 31, 2012 includes a substantial doubt paragraph regarding the Company’s ability to continue as a going concern.

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. However, the ability of the Company to continue as a going concern on a longer-term basis will be dependent upon its ability to generate sufficient cash flow from operations to meet its obligations on a timely basis, to retain its current financing, to obtain additional financing, and ultimately attain profitability.

 

Our current cash flow will not be sufficient to maintain our capital requirements for the next twelve months. Accordingly, the Company will need to continue raising capital through either debt or equity instruments. The Company believes it will need to raise additional capital to continue executing the business plan. Whereas the Company has been successful in the past in raising capital, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to the Company. The financial statements do not include any adjustments relating to the recoverability and classification of assets or liabilities that might be necessary should the Company be unable to continue as a going concern.

 

If funding is insufficient at any time in the future, the Company may not be able to take advantage of business opportunities or respond to competitive pressures, or may be required to reduce the scope of our planned product development and marketing efforts, any of which could have a negative impact on its business and operating results. In addition, insufficient funding may have a material adverse effect on our financial condition, which could require us to:

 

	·	curtail operations significantly;
	·	sell significant assets;
	·	seek arrangements with strategic partners or other parties that may require the Company to relinquish significant rights to products, technologies or markets; or
	·	explore other strategic alternatives including a merger or sale of the Company.

 

To the extent that the Company raises additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If additional funds are raised through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuance of stock in lieu of cash, which may also result in dilution to existing shareholders.

 

11

  

Off Balance Sheet Arrangements

 

The Company does not engage in any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity or capital expenditures.

 

Inflation

 

The impact of inflation on our costs and the ability to pass on cost increases to customers over time is dependent upon market conditions. We are not aware of any inflationary pressures that have had any significant impact on our operations over the past quarter, and the Company does not anticipate inflationary factors will have a significant impact on future operations.

 

Critical Accounting Policies

 

The Securities and Exchange Commission (“SEC”) has issued Financial Reporting Release No. 60, “Cautionary Advice Regarding Disclosure About Critical Accounting Policies” (“FRR 60”); suggesting companies provide additional disclosure and commentary on their most critical accounting policies. In FRR 60, the SEC has defined the most critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and operating results, and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, the Company’s most critical accounting policies include: (a) use of estimates in the preparation of financial statements; (b) non-cash compensation arrangements; and (c) revenue recognition. The methods, estimates and judgments the Company uses in applying these most critical accounting policies have a significant impact on the results the Company reports in its financial statements.

 

(a) Use of Estimates in the Preparation of Financial Statements.

 

The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates these estimates, including those related to revenue recognition and concentration of credit risk. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

 

12

  

(b) Stock-Based Compensation Arrangements.

 

The Company may issue shares of common stock to various individuals and entities for management, legal, consulting and marketing services. These issuances will be valued at the fair market value of the services provided and the number of shares issued is determined, based upon the open market closing price of common stock as of the date of each respective transaction. These transactions will be reflected as a component of selling, general and administrative expenses in the Company’s statement of operations.

 

(c) Revenue Recognition

 

Sales are recognized when the product or service is delivered to the customer.

 

Forward Looking Statements

 

Information in this Form 10-Q contains “forward looking statements” within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended. When used in this Form 10-Q, the words “expects,” “anticipates,” “believes,” “plans,” “will” and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, our need for future financing, our dependence on personnel, and our operating expenses.

 

Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under “Factors That May Affect Our Results.” These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required under this Item.

 

13

  

ITEM 4: CONTROLS AND PROCEDURES

 

This report includes the certifications of our Chief Executive Officer and Chief Financial Officer required by Rule 13a-14 under the Securities Exchange Act of 1934 (the "Exchange Act"). See Exhibits 31.1 and 31.2. This Item 4 includes information concerning the controls and control evaluations referred to in those certifications.

 

Evaluation of Disclosure Controls and Procedures

 

Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to management, including the Principal Executive Officer and the Principal Financial Officer, to allow timely decisions regarding required disclosures.

 

In connection with the preparation of this report, our management, under the supervision and with participation of our Principal Executive Officer and Principal Financial Officer (the “Certifying Officers”) conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2013. Based on that evaluation, our management concluded that there is a material weakness in our disclosure controls and procedures over financial reporting. The material weakness results from a lack of written procedures which effectively documents the proper procedures and descriptions of the duties of all persons involved in the disclosure controls of the Company. The Company hopes to implement plans to document the procedures and internal controls of the Company. A material weakness is a deficiency, or a combination of control deficiencies, in disclosure control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. This does not include an evaluation by the Company’s registered public accounting firm regarding the Company’s internal control over financial reporting.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Our management believes that the Unaudited Financial Statements included herein present, in all material respects, the Company’s financial condition, results of operations and cash flows for the periods presented.

 

14

  

PART II – OTHER INFORMATION

 

ITEM 1: LEGAL PROCEEDINGS

 

On January 20, 2009, a complaint was filed against the Company in the Superior Court of California (case # CIVWS09-0049) terminating the lease at 500 Bollinger Canyon Way, San Roman, CA due to subleasing the premises without consent of the landlord. A judgment was entered giving the landlord possession of the premises with no monetary amount awarded.

 

On February 18, 2009, the Company received a letter demanding payment on the deficiencies of 2 notes totaling $125,000 issued by the Company. Subsequent to this an action was originated in the District Court of Jefferson County Texas (case # A-183,766). The Plaintiff contends the Company had not paid the principal or interest on promissory notes issued in 2004. In 2005 the Company issued stock of 3,400,000 and 2,500,000 shares to the plaintiff in full payment of the outstanding notes and interest to the plaintiff. The Company and principal shareholder has agreed to a judgment of $176,667 plus attorney’s fees of $25,000. On October 27, 2012 the judgment for cause $183,766 was lodged and entered by the court making the judgment effective as of that date.

 

The Company and its principal stockholder has agreed to a judgment in Harris Court Texas District Court (Cause# 2010-36988) with the plaintiff of the case to pay the plaintiff $115,000 plus legal costs of $5,000. The settlement calls for a $50,000 payment on January 12, 2013 plus payments of $2,000 per month thereafter. No payments have been made to date. As of this date the judgment has not been signed by the plaintiff attorney or the judge presiding over the case so actual liability is hard to determine.

 

As of March 31, 2013, the Company has accrued $321,667 for the legal liabilities.

 

ITEM 1A: RISK FACTORS

 

There have been no material changes to the Company’s risk factors as previously disclosed in our most recent 10-K filing for the year ending December 31, 2012.

 

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

 

None

 

15

  

ITEM 3: DEFAULTS UPON SENIOR SECURITIES

 

In January 2007, the Company issued an unsecured note for $60,000 bearing interest at 10% on the principal and accrued interest compounding monthly. The Company renewed the note payable agreement in March 2008 thereby issuing a note for $60,000 bearing interest at 11% on the principal and accrued interest compounding annually. As of September 30, 2012, the outstanding principle balance of the note was $60,000 and had accrued interest of $57,726. The note including principal and interest is in default and still outstanding.

 

ITEM 4: MINE SAFETY DISCLOSURE.

 

None

 

ITEM 5: OTHER INFORMATION.

 

None

 

ITEM 6: EXHIBITS:

 

31	Rule 13a-14(a)/15d-14(a) - Certification of Joseph Cala.
32	Section 1350 - Certification of Joseph Cala.

 

16

 

SIGNATURE

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Cala Corporation.
Dated: September 24, 2015	By:	/s/ Joseph Cala
		Joseph Cala, President
		Principal Executive Officer and Chief Financial Officer

 

17

 

EXHIBIT INDEX

 

Number		Description
31		Rule 13a-14(a)/15d-14(a) - Certification of Joseph Cala (filed herewith).
32		Section 1350 -Certification of Joseph Cala (filed herewith).

 

18

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