UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

 

For the fiscal Quarter ended December 31, 2015

 

OR

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

 

For the transition period from ____________ to ____________

 

TOA DISTRIBUTION SYSTEMS INC

(formerly Skyhigh Resources, Inc.)

(Exact Name of Registrant as Specified in its Charter)

 

Delaware 26-2746101

(State of other jurisdiction of (I.R.S. Employer

incorporation or organization) Identification No.)

 

5700 University West Blvd, Suite 304, Albuquerque NM 87106

(Address of principal executive offices)

 

(formerly 1791 Marcy Lynn Court, San Jose CA 95124)

 

505 919 8036

(Registrant's telephone number, including area code)

 

 

Securities Registered Pursuant to Section 12(B) of the Act: None

 

Securities Registered Pursuant to Section 12(G) of the Act:

Common Stock, par value $.001 per share

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes  ¨  No  þ

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  ¨  No  þ

 

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  þ  No  ¨

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 229.405 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  þ  No  ¨

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-Q or any amendment to this Form 10-Q.þ

 

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

 

Large accelerated filer ¨Accelerated filer ¨Non-accelerated filer ¨Smaller reporting companyþ

 

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

 

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity.

 

As of the last business day of the registrant’s most recently completed fiscal quarter December 31, 2015, the common equity was sold at $0.0025

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date.

 

-At February 10, 2016, we had 30,100,060 shares of $0.001 par value common Stock outstanding,

 

-At February 10, 2016, we had 0 shares of 0.001 par value preferred stock outstanding.

 

Documents incorporated by reference - None

 

State issuer's revenues for its most recent fiscal year: Nil

 

Part 1 – FINANCIAL INFORMATION

 

Item 1:  FINANCIAL STATEMENTS	F-1
Unaudited Condensed Balance Sheets as at December 31, 2015 and March 31, 2015	F-2
Unaudited Condensed Statements of Operations for the three month period ended  December 31, 2015 and December 31, 2014 respectively	F-3
Unaudited Condensed Statements Cash Flows for the three- months ended December 31, 2015 and December 31, 2014 respectively	F-4
Notes to Unaudited Financial Statements	F-1 - F-5
Item 2. Management’s Discussion and Analysis of Financial Conditions and Results of Operations	2
Item 3.  Controls And Procedures	3
PART II – OTHER INFORMATION
Item 1.  Legal Procedures	4
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	4
Item 3. Default Upon Senior Securities	4
Item 4. Submission Of Matters To A Vote Of Security Holders	4
Item 5. Other Information	4
Item 6. Exhibits	4
Signatures	5

 

 

TOA Distribution Systems Inc
(formerly known as Skyhigh Resources Inc)
Condensed Balance Sheets
Unaudited
		At December				At March
		31, 2015				31, 2015
ASSETS
Cash		$	—			$	78
Prepaid Expenses			—			$	3,500
Total Current Assets			—				3,578
LIABILITIES
Current Liabilities
Accounts Payable			—				—
Accrued Expenses			—				500
Loans Payable Related Parties- Principal (Note 4)			74,530				69,472
Loans Payable Related Parties- Accrued Interest (Note 4)			13,922				11,100
Total Current Liabilities		$	88,452			$	81,072
STOCKHOLDERS’ EQUITY
Capital Stock
Preferred Shares - 10,000,000 Shares Authorized, at $0.001
per share - Zero Issued and Outstanding
Common Stock - 250,000,000 authorized at $0.001 par value
47,100,060 issued and outstanding at December 31, 2015
and March 31, 2015, respectively			47,100				47,100
Additional paid-in capital			74,650				74,650
Accumulated Deficit			(210,202	)			(199,244	)
Total Stockholders’ Equity (Deficit)		$	(88,452	)		$	(77,494	)
Total Liabilities and Stockholders’ Equity		$	—			$	3,578

 

 

The accompanying notes are an integral part of these Financial Statements

F-2

 

 

TOA Distribution Systems Inc
(formerly known as Skyhigh Resources Inc)
Condensed Statements of Operations
Unaudited
		3 Month Period Ended December 31, 2015				9 Month Period Ended December 31, 2015				3 Month Period Ended December 31, 2014				9 Month Period Ended December 31, 2014
Revenue		$	0			$	0			$	0			$	0
Expenses
General and Administrative			2,265				8,136				2,200				6,976
Total Expenses			2,265				8,136				2,200				6,976
Net Loss from Operations			(2,265	)			(8,136	)			(2,200	)			(6,976	)
Other Income and (Expense)
Foreign Exchange			—				—				—				—
Interest			(968	)			(2,822	)			(809	)			(2,256	)
Provision for Income Tax			—				—				—				—
Net Loss For The Period			(3,233	)			(10,958	)			(3,009	)			(9,232	)
Basic And Diluted Loss Per Common Share		$	(0.00	)		$	(0.00	)		$	(0.00	)		$	(0.00	)
Weighted Average Number of Common Shares Outstanding			47,100,060				47,100,060				47,100,060				47,100,060

 

 

The accompanying notes are an integral part of these Financial Statements

F-3

 

 

 

 

TOA Distribution Systems Inc
(formerly known as Skyhigh Resources Inc)
Condensed Statements of Cash Flows
Unaudited
	9 Month Period Ended December 31, 2015	9 Month Period Ended December 31, 2014
Operating Activities
Net Income (Loss)	(10,958)	(9,232)
Adjustments To Reconcile Net Loss To Net Cash
Provided by Operations	-	-
Stock Issued for Company Expenses paid by Related Parties	-	-
Company Expenses paid by Related Parties	-	11,863
Impairment of mining Property	-	-
Impairment -Distribution License	-	-
Change in Assets and Liabilities
Increase (decrease) accounts payable	-	(1,587)
Increase (decrease) in accrued expenses	(500)	(3,300)
Increase (decrease) in Prepaid expenses	3,500	-
Increase (Decrease) in Accrued Interest-Related Party	2,822	2,256
Increase (Decrease) in Loans Payable-Related Party	5,058	50
Increase (Decrease) in Accrued Interest-Others	-	-
Net Cash Provided (Used) by Continuing Operating Activities
Investing Activities	(78)	50
Net Cash Provided (Used) by Investing Activities	-	-
Financing Activities
Cash provided by (Used for) Notes Payable Related Party	-	-
Cash provided by (Used for) Notes Payable- Others	-	-
Stock Issued for Cash	-	-
Net Cash Provided (Used) by Financing Activities	-	-
Increase (Decrease) in Cash from Continuing Operations	(78)	50
Cash and Cash Equivalents at Beginning of Period	78	-
Cash and Cash Equivalents at End of Period	-	50
Supplemental Information
Cash Paid For:
Income Taxes	-	-
Non-Cash Activities
Interest	2 ,822	2,256
The accompanying notes are an integral part of these Financial Statements
F-4

 

 

 

TOA Distribution Systems Inc

(formerly known as Skyhigh Resources Inc)

Notes to Unaudited Interim Financial Statements

December 31, 2015

 

NOTE 1. BASIS OF PRESENTATION

 

In August 2009 the Company initiated a number of corporate changes, including 1), a name change to TOA Distribution Systems Inc, (formerly known as Skyhigh Resources Inc, 2) approved a 10 for 1 roll forward of its issued and outstanding common stock, 3), increased it authorized par value $0.001 common shares to 250,000,000 shares (formerly 50,000,000), and 4), authorized 10,000,000 par value $0.001 preferred shares.

The Company also resolved to change its corporate focus, moving from mining and exploration into bottled drinking water distribution.

 

On September 2, 2009 the Company entered into to a Sub-Distribution agreement with Taste of Aruba (US), Inc to distribute bottled water products produced in Aruba by Taste of Aruba-Premium Aruban Water. The territory in which the Company can distribute these products include the United States and all its territories and insular areas in the Caribbean and Pacific such as but not limited to Puerto Rico, U.S. Virgin Islands, Marshall Islands, Guam, and all of Canada.

 

The water product is made from desalinated seawater, is filtered through coral calcium and will be further enhanced by the addition of electrolytes then bottled in Taste of Aruba’s proprietary biodegradable bottles. The products will be marketed to retail locations that currently handle bottled water such as display cases in food beverage marketer at airports, food chain store, and sublicensing to bulk dealers and will include the use of vending machines located at high traffic locations.

 

The Company owned two (2) mineral properties, which were acquired by issuing stock to related parties and which had been fully impaired. These claims were deemed surplus, had been held for sale for about two years and were sold in May 2012.

In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flow, and stockholders' equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions.

Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Form 1O-K for the year ended March 31, 2015.

NOTE 2. GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) in the United States of America, which contemplates continuation of the Company as a going concern.  However, the Company has no business operations to date, accumulated losses amounting to $210,202 and must secure additional financing to commence the Company’s plan of operations, which means there is substantial concern about the Company’s ability to continue as a going concern.  The Company intends to acquire additional operating capital through equity offerings to the public to fund its business plan or loans from shareholders and others. There is no assurance that the equity offerings will be successful or loans will be received to provide sufficient funds to commence operations or to assure the eventual profitability of the Company.

 

NOTE 3. SUB-DISTRIBUTION AGREEMENT

 

On September 2, 2009 the Company signed an Exclusive Sub-Distribution Agreement (“Agreement”) with Taste of Aruba (US) Inc, a State of Nevada Incorporated company, owner and master distributor of products from Taste of Aruba-Premium Aruban Water. Under the Agreement, the Company will distribute in the United States, its territories and insular areas in the Caribbean and Pacific and Canada, bottled water produced under license in Aruba by Water Energy Company-Aruba. To maintain the Agreement, the Company will be required to meet certain product sales volumes after Taste of Aruba commences production. The start of production by Taste of Aruba had been delayed due to its inability to complete funding arrangements which is now reported to be eminent although to date these funds have not been received. If Taste of Aruba receives funding as anticipated, the production facility is estimated to be complete with product available in the fourth quarter of 2015, as at the date of this 10-Q filing, funding arrangements have not reached commitment stage. Payment for the Agreement cost of $42,500, which was fully impaired on acquisition, was paid by the issuance of

 

 

NOTE 3. SUB-DISTRIBUTION AGREEMENT (Continued)

 

17,000,000 post forward split shares of the Company’s common restricted stock issued in accordance with ASC 505-50-30-6 at $0.025 per share.

 

The Company periodically reviews for impairment its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Management has determined that its Distribution Agreement asset requires impairment. As no sale activities have occurred, no product is yet available for sale and funds to establish a sales and distribution operation have not been secured.

 

NOTE 4. LOANS PAYABLE – RELATED PARTIES

 

Loans payable to related parties were received from a director of the Company and others closely associated persons or businesses. These funds were provided as cash loans to cover operating expenses, payment of Company expenses and as payment for services provided.

 

Loans payable to our President and a past officer/director totaled $6,032, made up of principal amounting to $3,742 and accrued interest of $2,290

 

Loans payable to a closely associated business totaled $82,419; made up of principal amounting to $70,788 and accrued interest amounting to 11,631.

 

In aggregate, Loans Payable Related Parties to December 31, 2015 totaled $88,452 made up of $74,530 for principal and $13,922 for accrued interest.

 

NOTE 5. EQUITY

 

At a special shareholders meeting held August 13, 2009, the shareholders approved the change of the Company’s name to TOA Distribution Systems Inc, approved charges to the authorized capital which included creation of 10,000,000 shares of preferred stock at a par value of $0.001 per share and increased the authorized common stock to 250,000,000 with a par value of $0.001 per share. As well, the shareholders approved a 10 for 1 forward stock split of the outstanding shares. All share amounts shown in these financial statements have been adjusted retroactively to account for the forward stock split.

 

In May 2012 we sold our two mineral claims for $25,000. As the sale was made to a related party, the sale amount was recorded to Additional Paid in Capital and not treated as a gain.

 

As of December 31, 2015 and March 31, 2015 we had zero preferred stock issued and had 47,100,060 common shares issued and outstanding, which were issued on the dates and for the purposes listed below.

 

- 15,000,000 common shares issued to a director for cash at $0.0001 on December 13, 2007

- 600,000 common shares issued for services at $0.0025 on December 13, 2007

- 2,000,000 common shares issued for a mining property at $0.01 on January10, 2008

- 2,400,000 common shares issued for cash at $0.0025 on May 11, 2009

- 4,285,000 common shares issued for accounts payable at $0.0025 on June 1, 2009

- 3,315,000 common shares issued for loan payable at $0.0025 on June 13, 2009

- 2,500,060 common shares issued for a mining property at $0.0025 on June 15, 2009

- 17,000,000 common shares issued for a sub-distribution agreement at $0.0025 on Sept 2, 2009

NOTE 6. CONTRIBUTED SURPLUS

The Company owned two (2) mineral claims that had been deemed surplus and fully impaired. On to May 1, 2012 these claims were sold to a related party to whom the Company had loans payable. The terms of the sale was a reduction of the loans payable and proportionate accrued interest in aggregate amounting to Twenty-Five Thousand Dollar, ($25,000.00), an extension on the due date of the loan to November 13, 2014, a reduction of the rate of interest payable to 5% and the issuance by the purchaser of shares in two private companies. These private company shares were valued at $0 therefore had no impact on the financial statements. The shares of these private companies were distributed equally to each of the shareholders of TOA Distribution Systems Inc.

 

NOTE 7. CHANGES TO GENERALLY ACCEAPTED ACCOUNTING PRINCIPLES (GAAP)

During the September 30, 2014 period the Company adopted the revised Accounting Standard Update No. 2014-10 that removes the definition of a development stage entity from ASC Topic 915 under GAAP, which become effective December 15, 2014 while permitting Companies to adopt these guidelines earlier

NOTE 8. SUBSEQUENT EVENTS

Subsequent to the period ending December 31, 2015 the Company’s and Taste of Aruba mutually agreed to cancel their Sub-Distribution Agreement. Taste of Aruba was unable to confirm when its products would be available for resale. The cancelation agreement was on the basis of a no loss, no gain for either party. The 17,000,000 shares issued as the cost for the Sub-Distribution Agreement have been returned and cancelled.

 

Subsequent to the period ending December 31, 2015, the Company entered into discussion with another non related entity to obtain a license for a water treatment technology

 

 

 

 

ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

 

PLAN OF OPERATION

 

In an effort to make available the facilities of the public market to our funding requirements, the Company intends to make application to FINRA for a trading symbol. The Company's application to FINRA will consist of current corporate information, financial statements and other documents as required by Rule 15c211 of the Securities Exchange Act of 1934.

On November 17, 2012, the Company filed a Form 8-K, Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers with the Securities and Exchange Commission. This 8-K filing disclosed the resignation of Trevor Blank as a Director and from all officer positions held with the Company. Concurrent with Mr. Blank’s resignation, Mr. Andy Ruppanner was appointed to serve as sole director and as President and CEO, Vice-President and CFO, Secretary and Treasurer.

Subsequent to the period ending December 31, 2015 the Company’s and Taste of Aruba mutually agreed to cancel their Sub-Distribution Agreement. Taste of Aruba was unable to confirm when its products would be available for resale. The cancelation agreement was on the basis of a no loss, no gain for either party. The 17,000,000 shares issued as the cost for the Sub-Distribution Agreement have been returned and cancelled.

 

Subsequent to the period ending December 31, 2015, the Company entered into discussion with another non related entity to obtain a license for a water treatment technology

 

RESULTS OF OPERATIONS

 

Interim Periods:

 

No sales or income was recorded for the period ended December 31, 2015

 

Operating Costs and Expenses for the three and nine-month period ended December 31, 2015 compared to the same period ended in 2014.

 

For the three-month period ended December 31, 2015 compared to the same period ended in 2014.

 

Net losses incurred during the three-month period ending December 31, 2015 were $3,233 an increase of $224 compared to $3,009 for the same period ended December 31, 2014.

 

General administrative expenses for three-months ended December 31, 2015 were $2,265 compared to $2,200, in the December 31, 2014 period, an increase of $65 made up primarily by higher filing fee.

Interest cost December 31, 2015increased by $159, as a result of the larger loan principal amount upon which interest was calculated.

 

For the nine-month period ended December 31, 2015 compared to the identical periods ended in 2014.

 

Net losses incurred during the nine-month period ending December 31, 2015 were $10,958 compared to $9,232 for the same period ended December 31, 2014, representing an increase of $1,726 in the current period.

 

General administrative expenses for the nine-months ended December 31, 2015 were $8,136 compared to $6,976 in the December 31, 2014, an increase of $1,160 in the December 31, 2015 period. This was made up of an increase in bank service charges in the amount of $135, decrease in filing fee of $725 and an increase in audit fees of $1,750. The increase in bank service fees was because during the December 31, 2014 period we did not have a bank account.

 

The various increases and decreases in cost of filing and audit fees were as a result of an accounting change for the periods Actual costs have not changed only the period in which they are reported changed. Prior to our annual report filing March 31, 2015 quoted costs of the filing and audit fees were accrued into the reporting period. In March 31, 2015 and onward, that reporting practise changed, we no longer accrue the expense into the period. As a result, reporting period amounts are no longer comparable,

Interest cost for the December 31, 2015 period increased by $566 over the December 31, 2014 period. This is as a result of the larger loan principal amount upon which interest was calculated.

 

 

SELECTED FINANCIAL INFORMATION

December 31, 2015

-----------------

Current Assets $ -

Total Assets $ -

Current Liabilities $ (88,452)

Stockholders' Equity $ (88,452

 

LIQUIDITY AND CAPITAL RESOURCES

 

Our cash balance was nil on December 31, 2015. During this nine-month period ended December 31, 2015 we received loans from related parties amounting to $5,058 and have a commitment for any additional funds required to fund our limited levels of operations through March 31, 2016. We have not generated any revenue to date.

 

We have loans payable including interest amounting to $88,452 due December 2016.

 

Our auditor has issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated revenues and no revenues are anticipated until we begin receiving and selling water products. There is no assurance we will ever reach that stage.

 

OFF-BALANCE SHEET ARRANGEMENTS

 

We have no 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.

 

ITEM 3. CONTROLS AND PROCEDURES

 

EVALUATION OF DISCLOSURE CONTROLS

 

As of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act). Based upon this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are ineffective 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 Security and Exchange Commission's rules and forms.

 

There has been no change in our internal control over financial reporting during the current quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

EVALUATION OF AND REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting for the company. Internal control over financial reporting is to provide reasonable assurance regarding the reliability of our financial reporting purposes accordance with accounting principles generally accepted in the United States of America. Internal control over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect our transaction; providing reasonable assurance that transactions are recorded as necessary for preparations of our financial statements; providing reasonable assurance that receipts and expenditures of company assets are made in accordance with management authorization; and providing reasonable assurance that unauthorized acquisitions, use or disposition of company assets that could have a material effect on our financial statements would be prevented or detected.

 

Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation management concluded that the Company's internal control over financial reporting was ineffective as of December 31, 2015. There were no changes in our internal controls over financial reporting during the period ended December 31, 2015 that have materially affected, or are reasonable likely to materially affect our internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL MATTERS

 

None

 

 

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

 

On March 25, 2009 our Registration Statement on Form S-1, commission file number 333-153863, became effective and qualified under Rule 144 for the sale of 10,000,000 shares of the Company’s common sold in accordance with the requirements of Section 4(2) offering under the Securities Act of 1933, as amended and Rule 506 promulgated thereunder. The offering was fully subscribed by June 25, 2009 raising a total of $25,000. There were no underwriters for this offering.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

None

 

ITEM 5. OTHER INFORMATION

 

None

 

ITEM 6. EXHIBITS AND REPORTS

 

The following exhibits are included herein, except for the exhibits marked with a footnote, which are incorporated herein by reference and can be found in the appropriate document referenced.

 

3.1		Articles and By-Laws as filed with the Delaware Secretary of State April 02, 2007*
		Amendment to By-Laws dated August 13, 2009*
99.2		Geologist Report*
31.1		Rule 13a-14(a)/15d-14(a) Certification by the Principal Executive Officer**
31.2		Rule 13a-14(a)/15d-14(a) Certification by the Principal Financial Officer**
32.1		Section 1350 Certification by the Principal Executive Officer**
32.2		Section 1350 Certification by the Principal Financial Officer**

 

* Incorporated by reference to the Registrant's Registration Statement on Form S-1, filed on October 6, 2008.

** Filed herewith

 

SIGNATURES

 

In accordance with Section 13 or 15 (d) 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.

 

In accordance with the requirements of the Securities Act, this 10-Q has been signed by the following persons in the capacities and on the dates stated.

 

 

SIGNATURE		TITLE		DATE
TOA DISTRIBUTION SYSTEMS INC.
/s/ Andy Ruppanner		Chief Executive Officer, Chief Financial Officer, Secretary, Director		February 10, 2016
Andy Ruppanner		(Principal Executive Officer)

 

EXHIBIT 31.1

 

TOA DISTRIBUTION SYSYTEMS INC (the “Company”)

Certification Required by Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934

 

I, Andy Ruppanner, President and Chief Executive Officer, Chief Financial Officer of the Company certify that:

 

1.	I have reviewed this  the Quarterly Report on Form 10-Q of the Company;

 

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;

 

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)	Evaluated the effectiveness of the Company’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)	Disclosed in this report any change in the Company’s internal control over financial reporting that occurred during the Company’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting; and

 

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Company’s auditors and the audit committee of the Company’s board of directors (or persons performing the equivalent functions):

 

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial information; and

 

(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control over financial reporting.

 

Date: February 10, 2016

 

	By:	/s/ Andy Ruppanner Andy Ruppanner Chief Executive Officer, Chief Financial Officer, Secretary and Director

 

 

Exhibit 32.1

 

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the accompanying Quarterly Report on Form 10-Q of TOA Distribution Systems Inc. for the Period Ended December 31, 2015, Andy Ruppanner, President and Chief Executive Officer and Chief Financial Officer of TOA Distribution Systems Inc hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge and belief, that:

 

 

1.	Such Quarterly Report on Form 10-Q for the Period Ended December 31, 2015, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in such Quarterly Report on Form 10-Q for the Period Ended December 31, 2015, fairly presents, in all material respects, the financial condition and results of operations of TOA Distribution Systems Inc.

 

 

Dated: February 10, 2016

 

 

	By:	/s/ Andy Ruppanner Andy Ruppanner Chief Executive Officer, Chief Financial Officer, Secretary and Director