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EX-31.1 - CERTIFICATION - Blockchain Holdings Capital Ventures, Inc.safelane_ex3101.htm
EX-32.1 - CERTIFICATION - Blockchain Holdings Capital Ventures, Inc.safelane_ex3201.htm

UNITED STATES

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 September 30, 2015

OR

 

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

 

 For the transition period __________ to __________

 

Commission File Number: 333-198435

 

SAFE LANE SYSTEMS, Inc.

(Exact name of registrant as specified in its charter)

 

COLORADO   46-3892319

 

(State or Other Jurisdiction of

Incorporation or Organization)

 

(IRS Employer

Identification Number)

 

1624 Market Street, Suite #202, Denver, Colorado 80202/ Phone (949) 825-6512

(Address and telephone number of principal executive offices)

 

Paul D. Dickman, Chief Executive Officer, President and Chairman of the Board

1624 Market Street, Suite #202, Denver, Colorado 80202/ Phone (949) 825-6512

(Name, address and telephone number of agent for service)

 

COPIES OF ALL COMMUNICATIONS TO:

Michael A. Littman, Attorney at Law

7609 Ralston Road, Arvada, CO, 80002 phone 303-422-8127 / fax 303-431-1567

 

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  x    No o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

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

 

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

 

As of November 1, 2015 there were outstanding 24,840,773 shares of the issuer’s common stock, par value $0.0001 per share and 10,000,000 shares of the issuer’s class A preferred stock, par value $0.0001 per share.

   

 

 

SAFE LANE SYSTEMS, INC.

 

FORM 10-Q for the Quarter Ended September 30, 2015

 

INDEX

 

  Page
PART I - FINANCIAL INFORMATION
     
Item 1. Financial Statements 3
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 11
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk  
     
Item 4. Controls and Procedures 12
     
PART 2 - OTHER INFORMATION
     
Item 1. Legal Proceedings 14
     
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 14
     
Item 3.   Defaults Upon Senior Securities   14
     
Item 4. Mine Safety Disclosures 14
     
Item 5. Other Information 14
     
Item 6. Exhibits  14
     
Signatures 15

 

 2 

 

 

Safe Lane Systems, Inc.
Balance Sheet
         
   (Unaudited)     
   September 30, 2015   December 31, 2014 
Assets
Current Assets          
Cash and cash equivalents  $51,806   $88,494 
Total Current Assets   51,806    88,494 
           
Non-current Assets          
Patent Sublicense, net   1,905    2,009 
Total Non-current Assets   1,905    2,009 
           
Total Assets  $53,711   $90,503 
           
Liabilities and Stockholders' Equity
Commitments and Contingencies          
Current Liabilities          
Accounts Payable  $   $ 
Unsecured, short-term notes payable   360,000    210,000 
Accrued Liabilities   10,960    2,764 
Total Current Liabilities   370,960    212,764 
           
Stockholders' Equity          
Class A super voting preferred stock, $0.0001 par value; 10,000,000 shares authorized, issued and outstanding   1,000    1,000 
Class B non-voting preferred stock, $0.0001 par value; 50,000,000 shares authorized; 0 and 22,768,273 issued and outstanding as of September 30, 2015 and December 31, 2014       2,277 
Common Stock, $0.0001 par value:          
50,000,000 shares authorized, 2,000,000 and 24,768,273 issued and outstanding as of September 30, 2015 and December 31, 2014   2,477    200 
Additional paid-in-capital   801    801 
Accumulated earnings   (321,527)   (126,539)
           
Total Stockholders' Equity   (317,249)   (122,261)
           
Total Liabilities and Stockholders' Equity  $53,711   $90,503 

 

 3 

 

 

 

Safe Lane Systems, Inc.

Statement of Operations

For the Three and Nine Months Ended September 30, 2015 and 2014

 

   Three Months Ended
September 30, 2015
   Nine Months Ended
September 30, 2015
 
   2015   2014   2015   2014 
Ordinary Income/Expense                    
                     
Revenue  $   $   $1,725   $ 
Total Revenue           1,725     
                     
Expense                    
General & Administrative Expense   11,012    31,972    16,033    43,511 
Professional & Contract Expense   56,755    16,200    172,486    27,318 
Total Expense   67,767    48,172    188,519    70,829 
                     
Net Income/(Loss) from Operations   (67,767)   (48,172)   (186,794)   (70,829)
                     
Other Income/Expense                    
Interest Income                
Interest Expense   3,509        8,196    2,660 
Total Other Income/Expense   3,509        8,196    2,660 
                     
Net Income/(Loss)  $(71,276)  $(48,172)  $(194,990)  $(73,489)
                     
Net Income/(Loss) per share (basic and diluted)  $(0.00)  $   $(0.01)  $ 
                     
Weighted average number of common shares outstanding  $24,768,273    9,537,455    24,768,273    4,969,300 

 

 4 

 

 

 

Safe Lane Systems, Inc

Statement of Cash Flow

For the Nine Months Ended September 30, 2015 and 2014

 

  

9 Months Ended

   (Unaudited) 
   2015   2014 
Cash Flows From Operating Activities          
Net Income  $(194,989)  $(73,489)
           
Adjustments to reconcile net income to net cash provided by (used for) operating activities:          
Amortization   104    268 
Stock Based Compensation        
           
Changes in operating Assets and Liabilities:          
Accounts Payable        
Other Accrued Liabilities   8,196    2,392 
           
Net Cash Provided by (used for) Operating Activities   (186,689)   (70,829)
           
Cash Flows from Investing Activities:        
           
           
Cash Flow from Financing Activities:          
Superior Traffic Controls Loan   150,000    160,000 
Net cash provided by Financing Activities   150,000    160,000 
           
Net Increase (Decrease) in Cash   (36,689)   89,171 
           
Cash at Beginning of Period   88,495     
           
Cash at End of Period  $51,806   $89,171 

 

 

 5 

 

SAFE LANES SYSTEMS, INC.

 

NOTES TO THE FINANCIAL STATEMENTS

September 30, 2015

 

NOTE 1.  ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

 

SAFE LANES SYSTEMS, INC. (the “Company”), was incorporated in the State of Colorado on September 10, 2013. The Company was formed to engage in the sale of traffic safety equipment. The Company may also engage in any other business permitted by law, as designated by the Board of Directors of the Company. During the second quarter of 2014 the Company secured a perpetual license to all of the intellectual property of Superior Traffic Control in exchange for the issuance of nonvoting convertible stock in the company.

 

Basis of Presentation - The accompanying financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of the Company’s management, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position and cash flows. All such adjustments are of a normal, recurring nature.

 

Reclassifications - Certain amounts in the prior period’s financial statements have been reclassified to conform to the current quarter’s presentation and to correct prior period errors.

 

Cash and Cash Equivalents

 

Cash Flows - During the year period ending September 30, 2015, the Company primarily utilized cash proceeds from an unsecured short term loan to fund its operations.

 

Cash flows used by operations for the period ended September 30, 2015 and 2014 were $186,689 and $70,829 respectively.

 

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. As of September 30, 2015, the Company had cash and cash equivalents of $51,806 as compared to cash and cash equivalents of $88,494 as of December 31, 2014.

 

Impairment of Long-life Assets

 

In accordance with ASC Topic 360, the Company reviews its long-lived assets, including property, plant and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be fully recoverable. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset. No impairment was deemed necessary as of September 30, 2015 and December 31, 2014.

 

Intangible Assets, Patents

 

During the second quarter of 2014 fiscal year the Company acquired the exclusive license rights and intellectual property for the patent of the Kone General device which expires July 2022. As payment for the license rights the company agreed to issue 22,768,273 shares of class B preferred, nonvoting shares to the shareholders of the original license holders “Superior Traffic Controls”. The Company accounts for its patent sub-license in accordance with ASC 350-30-30 “Intangibles – goodwill and other” and 805-50-30 and 805-50-15 related to “Business Combinations” by recognizing the fair value to the amount paid by the company for the asset at the time of purchase. Since Safe Lanes Systems has a limited operating history management determined to use par value as the value recognized for the transaction. Since the patent has a predetermined, finite life span, the cost of the asset will be recognized on a straight line basis over the remaining life of the patent. In addition, each period the Company will evaluate the intangible asset for impairment. As of September 30, 2015 no impairment was deemed necessary.

 6 

 

 

   September 30, 2015   December 31, 2014 
Patents  $2,277   $2,277 
Less: Accumulated Amortization   (372)   (268)
   $1,905   $2,009 

 

Amortization expense for the nine-month period ended September 30, 2015 and 2014 was $104 and $268 respectively.

 

Accounts payable and accrued liabilities

 

Accounts payable and accrued liabilities consisted of accrued interest of $10,960 and $2,764 at September 30, 2015 and December 31, 2014 respectively.

 

Unsecured, short-term notes payable

 

The company obtained an unsecured, short-term note of $250,000 at 4% from the original holder of the license to the Kone-General patent in the second quarter of 2014. The Company received $50,000 of funding from this loan in the year ending December 31, 2013. As of September 30, 2014 the Company received an additional $160,000 of funding and then through September 30, 2015 the Company received an additional $40,000 in funding on this loan for a total of $250,000. An additional $110,000 was borrowed from this same source, under the same terms with a verbal agreement in place. The company has recognized $10,960 in accrued interest expense related to these loans.

 

Stockholders’ Equity

 

At September 30, 2015 and December 31, 2014, the Company was authorized to issue 500,000,000 shares of common stock, $0.0001 par value per share. In addition, 10,000,000 shares of Class A preferred super majority voting stock, $.0001 par value and 50,000,000 shares of Class B preferred, $.0001 par value nonvoting convertible shares were authorized. All common stock shares have full dividend rights. However, it is not anticipated that the Company will be declaring distributions in the foreseeable future.

 

Upon formation, the Company sold the founder 2,000,000 shares of $0.0001 par value common stock for $1,000 cash. Also upon formation, the Company paid the founder stock based compensation for services rendered of 10,000,000 shares of $0.0001 par value class A preferred super majority voting stock. These preferred shares have a stated value of par value of $0.0001. The holder of the Class Stock shall have the right to vote on any matter with holders of Common Stock and may vote as required on any action, which Colorado law provides may or must be approved by vote or consent of the holders of the specific series of voting preferred shares and the holders of common shares. The Record Holders of the Class B Preferred Shares shall have that number of votes equal to that number of common shares which is not less than 60% of the vote required to approve any action, which Colorado law provides may or must be approved by vote or consent of the holders of other series of voting preferred shares and the holders of common shares or the holders of other securities entitled to vote, if any.

 

Upon execution of a patent sublicense agreement the Company issued 22,768,273 shares of its class B preferred convertible stock to  a trustee on behalf of shareholders of the original license agreement. These shares will convert into regular common stock upon the company registering the underlying shares with the SEC and listing of the shares on a recognized exchange.

 

 7 

 

Professional and contractor expenses

 

Professional and contractor expenses are comprised of the following in the nine month period ended September 30, 2015:

 

   September 30, 2015   September 30, 2014 
Contract Management Fees  $43,200   $16,200 
Other Professional Services   129,286    11,118 
   $172,486   $27,318 

 

Use of Estimates 

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect 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.

 

Stock Based Compensation

 

The Company accounts for share-based payments pursuant to ASC 718, “Stock Compensation” and, accordingly, the Company records compensation expense for share-based awards based upon an assessment of the grant date fair value for stock options and restricted stock awards using the Black-Scholes option pricing model.

 

Stock compensation expense for stock options is recognized over the vesting period of the award or expensed immediately under ASC 718 and EITF 96-18 when options are given for previous service without further recourse. The Company issued stock options to contractors that had been providing services to the Company upon their termination of services. Under ASC 718 and EITF 96-18 these options were recognized as expense in the period issued because they were given as a form of compensation for services already rendered with no recourse.

 

The following table summarizes share-based compensation expense recorded in selling, general and administrative expenses during each period presented:

 

   September 30, 2015   December 31, 2014 
Stock Options       10,000,000 
Total Share-Based Compensation Exp  $   $1,000 

 

Stock option activity was as follows:

 

   Number of Shares   Weighted Average Exercise Price ($) 
Balance at December 31, 2013   0   $ 
Granted   10,000,000    0.20 
Exercised   0     
Forfeited or expired   0     
Balance at December 31, 2014   10,000,000    0.20 
Granted   0     
Exercised   0     
Forfeited or expired   0     
Balance at June 30, 2015   10,000,000    0.20 
Granted   0     
Exercised   0     
Forfeited or expired   0     
Balance at September 30, 2015   10,000,000    0.20 

 

 8 

 

 

The following table presents information regarding options outstanding and exercisable as of September 30, 2015:

 

Weighted average contractual remaining term - options outstanding   0.0 years 
Aggregate intrinsic value - options outstanding    
Options exercisable   10,000,000 
Weighted average exercise price - options exercisable  $0.20 

 

The fair value of each option granted is estimated on the date of the grant using the Black-Scholes option pricing model with weighted average assumptions for grants as follows:

 

Risk-free interest rate   0.01% 
Expected life of options    4-5 years  
Annualized volatility   144.00% 
Dividend Income   0.00% 

 

Income Tax

 

Income taxes are accounted for under the asset and liability method of ASC 740. Deferred tax assets and liabilities are recognized for net operating loss and other credit carry forwards and the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the tax effect of transactions are expected to be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the year that includes the enactment date.

 

Deferred tax assets are reduced by a full valuation allowance since it is more likely than not that the amount will not be realized. Deferred tax assets and liabilities are classified as current or noncurrent based on the classification of the underlying asset or liability giving rise to the temporary difference or the expected date of utilization of the carry forwards.

 

Fiscal year

 

The Company employs a fiscal year ending December 31.

 

Net Income (Loss) per share

 

The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding.  Warrants, stock options, and common stock issuable upon the conversion of the Company’s preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.

 

Revenue Recognition

 

Revenue is recognized on an accrual basis as earned once the product is delivered and collection is reasonable assured.

 

Financial Instruments

 

The carrying value of the Company’s financial instruments, including cash and cash equivalents, as reported in the accompanying balance sheet, are stated at fair value.

 

 9 

 

 

Going Concern and Managements’ Plans

 

As shown in the accompanying financial statements for the period ended September 30, 2015, the Company has a limited operating history.

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, however, the above conditions raise substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustment to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

 

The Company has a plan in place to remove this threat through the issuance of notes payable and common stocks offerings. If the Offering raises at least $250,000, then the Company’s estimated expenses related to the Offering and the expenses related to initial projected operating costs of the Company will be covered. However, the Company will need to generate more than the expenses of the Offering in order to have enough capital to execute its business plan.

 

Recent Accounting Pronouncements

 

The Company has reviewed all recently issued but not yet effective accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or results of operations.

 

Related Party Transactions

 

The Company pays its Chief Executive Officer, Paul Dickman through Mr. Dickman’s consulting company, Breakwater Finance, LLC. For the nine month period ended September 30, 2015 and September 30, 2014, management fees were $45,000 and $45,000 respectively.

 

Subsequent Events

 

The Company evaluates events and transactions after the balance sheet date but before the financial statements are issued. As of the date of this filing there were no events that materially impacted the company.

 

 10 
 

 

 

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

 

This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as “believes”, “expects”, “anticipates”, “intends”, “plans”, “estimates”, “should”, “likely” or similar expressions, indicates a forward-looking statement.

 

The identification in this report of factors that may affect our future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

 

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

 

General

 

The Company was incorporated in Colorado in September of 2013.

 

The Company had minimal operations from inception to December 31, 2015.

 

The Company is in the business of marketing and selling traffic safety equipment. We have licensed and sub-licensed I.P. for a spring traffic cone dispenser designed to protect highway workers, first responders to vehicle collisions and highway incidents, law enforcement personnel, towing operators, private and public utility workers, as well as pedestrians and motorists. Our flagship product, The Kone General Automatic Safety Cone Deployment System, is the world’s first and only portable safety cone dispensing system. Safe D-Ploy Spring Cones are patented MUTCD (Manual on Uniform Traffic Control Devices) compliant highway safety cones.

 

We have begun initial minimal operations and currently have limited revenue. We have engaged a marketing consultant to develop a marketing and sales plan for both the spring traffic cone and our automatic traffic cone dispenser. We have engaged and are currently under agreement with a globally recognized manufacturer’s representation firm, The Johander Company of Minneapolis, to help guide us into retail markets, build a manufacturer’s representative network, and drive retail sales of our Spring Cone and Safe-D-ploy product accessories. Johander was founded in 1987 by Bill Johander and remains a family business operated by his daughter Jennifer who joined the company after a successful career at Target Stores. We will pursue under a ‘pay for success’ commission structure the following existing Johander retail relationships including; Target and Target.com, Bluestem Brands (Fingerhut), Meijer, Menard’s, Home Depot, Lowe’s, Advance Auto, Sam’s Club and Gander Mountain, Walmart, Costco, Dick's Sporting Goods, Sports Authority, Academy Amazon, NAPA, Auto Zone, O'Reillys, Pep Boys, AC Delco, ULine, Grainger, Gempler's, Toys R Us, and Streicher's. Through this relationship we expect to have a new manufacture in place by the end of the year at no additional costs until such time as manufacturing begins.

 

We are in the developmental stage of our business. Since our incorporation September 2013, we have been engaged in securing both exclusive and non-exclusive license agreements for our key products, designing a marketing plan, and lining up suppliers and manufacturers for production.

 

During the 2015 fiscal year, we intend to focus our efforts on our product launch and marketing of the Kone General Automatic Safety Cone Deployment System. We must commence manufacture and sales by January 1, 2016 or our licenses will be in default.

 

Results of Operations

 

There were no revenues in the nine months ended September 30, 2014. However, there was one sale on the amazon.com platform resulting in $1,725 in revenue in the nine months ended September 31, 2015.

 

Expenses increased from $70,829 in the nine month period ended September 30, 2014 to $188,519 in the nine month period ending September 30, 2015.

 

 

 11 
 

 

Liquidity and Capital Resources

 

During the nine months ended September 30, 2015 the Company received $150,000 from the issuance of notes payable as compared to $160,000 received in the nine months ended September 30, 2014.

 

During the twelve months ending September 30, 2016 the Company estimates it will need a minimum of approximately $500,000 to implement its business plan. Other than the foregoing, the Company does not know of any trends, events or uncertainties that have had, or are reasonably expected to have, a material impact on sales, revenues or income from continuing operations, or liquidity and capital resources.

 

Item 4.  Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures

 

An evaluation was carried out under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report on Form 10-Q. Disclosure controls and procedures are procedures designed with the objective of ensuring that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, such as this Form 10-Q, is recorded, processed, summarized and reported, within the time period specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and is communicated to our management, including our Principal Executive Officer and Principal Financial Officer, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on that evaluation, our management concluded that, as of September 30, 2015, our disclosure controls and procedures were not effective.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting during the quarter ended September 30, 2015, that materially affected or are reasonably likely to materially affect our internal control over financial reporting.

 

 13 

 

PART II

Item 1. Legal Proceedings.

 

The Company is not a party to any legal proceeding that it believes will have a material adverse effect upon its business or financial position.

 

Item 1A. Risk Factors.

 

Not required for smaller reporting companies.

 

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

 

None.

 

Item 3. Defaults Upon Senior Securities.

 

There have been no defaults upon senior securities.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

Item 6.  Exhibits

 

a.  Exhibits

 

31.1   Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32.1   Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   XBRL Instance Document
     
101.SCH   XBRL Schema Document
     
101.CAL   XBRL Calculation Linkbase Document
     
101.DEF   XBRL Definition Linkbase Document
     
101.LAB   XBRL Labels Linkbase Document
     
101.PRE   XBRL Presentation Linkbase Document
 

 14 

 

 

 

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.

 

  SAFE LANE SYSTEMS, INC.
   
Date: November 20, 2015  By: /s/ Paul Dickman
    Paul Dickman, Chief Executive Officer, Principal
Financial and Accounting Officer

 

 

 15