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EX-32 - SECTION 1350 CERTIFICATIONS OF CEO AND CFO - ALL MARKETING SOLUTIONS, INC.ex321.htm
EX-31 - SECTION 302 CERTIFICATIONS OF CEO AND CFO - ALL MARKETING SOLUTIONS, INC.ex311.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 10-Q


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


For the quarterly period ended March 31, 2018



Commission File Number 001-35597


ALL MARKETING SOLUTIONS, INC.

(Exact name of registrant as specified in it’s charter)


Nevada       26-3895737

(State or other jurisdiction of incorporation or organization)

   (I.R.S. Employer Identification No.)


112 North Curry Street - Carson City - Nevada 89703-4934

(Address of principal executive offices)(Zip Code)


(775) 321-8206

(Registrant’s telephone number, including area code)


N/A

(Former name, former address and former fiscal year, if changed since last report)


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


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,"  "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.   Large accelerated filer (_)   Accelerated filer (_) Non-accelerated filer (_)  (Do not check if a smaller reporting company) Smaller reporting company (X) Emerging Growth Company (X)


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ( )


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


As of October 5, 2018, there were 104,710,000 shares of common stock issued and outstanding.



1





TABLE of CONTENTS



PART I—FINANCIAL INFORMATION

3

 

 

 

Item 1.

Condensed Financial Statements

3

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

8

 

 

Item 3.

Quantitative and Qualitative Disclosure about Market Risk

9

 

 

Item 4.

Controls and Procedures

9

 

 

 

PART II – OTHER INFORMATION

10

 

 

 

Item 1.  

Legal Proceedings

10

 

 

 

Item 1A.

Risk Factors

10

 

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

10

 

 

 

Item 3.

Defaults upon Senior Securities

10

 

 

 

Item 4

Mine Safety Disclosures

10

 

 

 

Item 5.

Other Information

10

 

 

 

Item 6.

Exhibits

10

 

 

Signatures

11









2




PART I—FINANCIAL INFORMATION









ALL MARKETING SOLUTIONS, INC.




CONDENSED INTERIM FINANCIAL STATEMENTS


March 31, 2018









 

 

 

CONDENSED UNAUDITED BALANCE SHEETS

 

CONDENSED UNAUDITED STATEMENTS OF OPERATIONS

 

CONDENSED UNAUDITED STATEMENTS OF CASH FLOWS

 

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS




3





ALL MARKETING SOLUTIONS, INC.

 

 

CONDENSED UNAUDITED BALANCE SHEETS

 

 

 

 

 

 

 

 

March 31, 2018

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

Cash

$

-    

$

-    

TOTAL CURRENT ASSETS

 

-    

 

-    

 

 

 

 

 

TOTAL ASSETS

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

Accounts payable and accrued liabilities

$

172,722

$

166,972

Accounts payable - related party

 

37,350

 

37,350

Loans from related party

 

117,435

 

117,435

TOTAL CURRENT LIABILITIES

 

327,507

 

321,757

TOTAL LIABILITIES

$

327,507

$

321,757

 

 

 

 

 

STOCKHOLDERS' EQUITY/(DEFICIT)

 

 

 

 

Capital stock

 

 

 

 

Authorized

 

 

 

 

     200,000,000 shares of common stock, $0.001 par value,

 

 

 

 

Issued and outstanding

 

 

 

 

     104,710,000 shares at March 31, 2018 and December 31, 2017, respectively

$

104,710

$

104,710

     Additional Paid in Capital

 

960,610

 

960,610

Accumulated Deficit

 

(1,392,827)

 

(1,387,077)

TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)

$

(327,507)

$

(321,757)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) 

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

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




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ALL MARKETING SOLUTIONS, INC.

 

 

CONDENSED UNAUDITED STATEMENTS OF OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

Three months

 

 

ended

 

ended

 

 

March 31, 2018

 

March 31, 2017

REVENUE

 

 

 

 

 

 

 

 

 

Revenues

$

-    

$

-    

Total Revenues

$

-    

$

-    

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

Office and general

$

-    

$

170

Professional Fees

 

5,750

 

3,225

Total Expenses

$

5,750

$

3,395

 

 

 

 

 

Loss before Income Tax

 

(5,750) 

 

(3,395) 

 

 

 

 

 

Income Tax

 

-

 

-

 

 

 

 

 

NET LOSS

$

(5,750)

$

(3,395)

 

 

 

 

 

BASIC AND DILUTED LOSS PER COMMON SHARE

 

 

 

 

$

(0.00)

$

(0.00)

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON

SHARES OUTSTANDING

 

104,710,000

 

104,710,000

 

 

 

 

 

 

 

 

 

 

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




5







ALL MARKETING SOLUTIONS, INC.

 

 

CONDENSED UNAUDITED STATEMENTS OF CASH FLOWS

 

 

 

 

Three months

 

Three months

 

 

 

ended

 

ended

 

 

 

March 31, 2018

 

March 31, 2017

 

 

 

 

 

 

 OPERATING ACTIVITIES

 

 

 

 

 

Net loss

$

(5,750)

$

(3,395)

 

Adjustment to reconcile net loss to net cash

 

 

 

 

 

used in operating activities

 

 

 

 

 

Increase (decrease) in accounts payable and accrued liabilities

 

5,750

 

3,395

 

 

 

 

 

 

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

 

 

 

 

$

-    

$

 -   

 

 

 

 

 

 

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

 

 

 

 

$

-    

$

-    

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

 

 

$

-    

$

-    

 

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

$

-    

$

-    

 

 

 

 

 

 

CASH, BEGINNING OF PERIOD

$

-    

$

-    

 

 

 

 

 

 

CASH, END OF PERIOD

$

-    

$

-    

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

Cash paid for:

 

 

 

 

 

Interest

$

-    

$

-    

 

 

 

 

 

 

 

Income taxes

$

-    

$

-    

 

 

 

 

 

 

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




6





ALL MARKETING SOLUTIONS, INC.


NOTES TO THE UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS


March 31, 2018


NOTE 1 – CONDENSED FINANCIAL STATEMENTS


The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2018, and for all periods presented herein, have been made.


Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2017 audited financial statements.  The results of operations for the periods ended March 31, 2018 and the same period last year are not necessarily indicative of the operating results for the full years.


NOTE 2 – GOING CONCERN


The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $327,507, an accumulated deficit of $1,392,827. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.


In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.


The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


NOTE 3 – CAPITAL STOCK


The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share.  No preferred shares have been authorized or issued.


As of March 31, 2018, 104,710,000 (104,710,000 as of December 31, 2017) common shares were issued and outstanding.


NOTE 4 – LOANS PAYABLE – RELATED PARTY LOANS


At March 31, 2018 the Company received loans from four different related parties totaling $117,435 ($117,435 at December 31, 2017.) These loans are payable on demand and without interest.  $37,350 ($37,350 at December 31, 2017) of expenses were paid by two related parties and recorded on the balance sheet as accounts payable - related party.


NOTE 5 - RECENT ACCOUNTING PRONOUNCEMENTS


The Company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the Company’s financial statement.


NOTE 6 - SUBSEQUENT EVENTS


The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose.



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


This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.


Results of Operations

 

For the three month period ended March 31, 2018 we had no revenue. Expenses for the three month period ended March 31, 2018 totaled $5,750 resulting in a Net loss of $5,750 compared to expenses totaling $3,395 and a net loss of $3,395 for the three month period ended March 31 2017. The Net Loss for the three month period ended March 31 2018 was a result of Office and general expense of $Nil comprised primarily of bank fees, Professional Fees of $5,750 comprised primarily of accounting expense The Net Loss for the three month period ended March 31, 2017 is a result of Office and general expense of $170 comprised primarily of web site maintenance expense, Professional Fees of $3,225 comprised primarily of accounting expense.  


Capital Resources and Liquidity


Our auditors have issued a “going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have completed the financing from this offering and implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, our only source for cash at this time is investments by others in this offering. We must raise cash to implement our strategy and stay in business. The amount of the offering will likely allow us to operate for at least one year.


As of March 31, 2018, we had $Nil in cash as compared to $Nil in cash at December 31, 2017. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status. Our current cash holdings will not satisfy our liquidity requirements and we will require additional financing to pursue our planned business activities.  We previously registered 4,000,000 shares of our common stock for sale to the public.  Our registration statement became effective on November 1, 2011 and we are still in the process of seeking additional equity financing in the form of private placements to fund our operations over the next 12 months.  


Management believes that if subsequent private placements are successful, we will generate sales revenue within twelve months thereof. However, additional equity financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.


We do not anticipate researching and releasing any further features to our software nor do we foresee the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees.


Off-balance sheet arrangements


Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk.


We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.


Item 4.  Controls and Procedures.


Disclosure Controls and Procedures


Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without



8




limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.


In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of March 31, 2018, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.


Changes in Internal Control Over Financial Reporting


There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended March 31, 2018 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.


PART II—OTHER INFORMATION


Item 1. Legal Proceedings.


Currently we are not involved in any pending litigation or legal proceeding.


Item 1A. Risk Factors.


We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.


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


None


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.


3(i)

Article of Incorporation1

3(ii)

Bylaws2

31.1

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer

31.2

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *

32.1

Section 1350 Certification of Chief Executive Officer

32.2

Section 1350 Certification of Chief Financial Officer **


(1) Incorporated by reference to the Registrant’s Registration Statement on Form S-1 (File No. 333-160031), filed with the Securities and Exchange Commission on June 17, 2009.


(2) Incorporated by reference to the Registrant’s Registration Statement on Form S-1 (File No. 333-160031), filed with the Securities and Exchange Commission on June 17, 2009.

*     Included in Exhibit 31.1

**   Included in Exhibit 32.1

9




 


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.


All Marketing Solutions, Inc.

(Registrant)


Date:  October 5, 2018

By: /s/ Nathathai Thongda

 

Nathathai Thongda

Principal and Executive Officer

Principal Financial Officer

Principal Accounting Officer






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