Attached files
| file | filename |
|---|---|
| EX-31.1 - Module One RD, INC | v210597_ex31-1.htm |
| EX-32.1 - Module One RD, INC | v210597_ex32-1.htm |
U.S.
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: December 31, 2010
¨ TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
Commission
file number: 000-52953
MODULE ONE RD,
INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
|
26-0830388
|
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification
No.)
|
228 Clearwater Drive, Ponte
Vedra Beach, Florida 32082
(Address
of principal executive offices)
(904)
273-8420
(Registrant's
telephone number)
________________________________________________
(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.
x Yes ¨ 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” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
|
Large
accelerated filer ¨
|
Accelerated
filer ¨
|
|
Non-accelerated
filer ¨
|
Smaller
reporting company x
|
|
(Do
not check if a smaller reporting company)
|
Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).
x Yes ¨No
APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS
DURING THE PRECEDING FIVE YEARS
Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court.
¨ Yes ¨ No
APPLICABLE
ONLY TO CORPORATE ISSUERS
State the
number of shares outstanding of each of the issuer's classes of common equity,
as of the latest practicable date: At February 9, 2011 there were
1,000,000 shares of common stock outstanding.
PART
I — FINANCIAL INFORMATION
Item
1. Financial Statements.
|
Page
|
||
|
Balance
Sheets as of December 31, 2010 (unaudited) and June 30, 2010 (derived from
audited)
|
F -
1
|
|
|
Statements
of Operations for the three and six months ended December 31, 2010 and
2009 and the period from October 11, 2007 (date of inception) to December
31, 2010 (unaudited)
|
F -
2
|
|
|
Statement
of Stockholder’s Deficit as of December 31, 2010
(unaudited)
|
F -
3
|
|
|
Statements
of Cash Flows for the six months ended December 31, 2010 and 2009 and the
period from October 11, 2007 (date of inception) to December 31, 2010
(unaudited)
|
F -
4
|
|
|
Notes
to Financial Statements
|
F -
5
|
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
BALANCE
SHEETS
AS
OF DECEMBER 31, 2010 AND JUNE 30, 2010
|
December 31,
2010 (unaudited)
|
June 30, 2010
(derived from
audited) |
|||||||
|
ASSETS
|
||||||||
|
Current
Assets
|
||||||||
|
Cash
and equivalents
|
$ | 0 | $ | 10 | ||||
|
TOTAL
ASSETS
|
$ | 0 | $ | 10 | ||||
|
LIABILITIES
AND STOCKHOLDER’S DEFICIT
|
||||||||
|
Liabilities
|
||||||||
|
Current
Liabilities
|
||||||||
|
Accrued
expenses
|
$ | 500 | $ | 3,750 | ||||
|
Accrued
interest – related party
|
4,195 | 3,303 | ||||||
|
Loan
payable - related party
|
28,829 | 20,738 | ||||||
|
Total
liabilities
|
33,524 | 27,791 | ||||||
|
Stockholder’s
Deficit
|
||||||||
|
Common
Stock, $.0001 par value, 100,000,000 shares authorized, 1,000,000 shares
issued and outstanding
|
100 | 100 | ||||||
|
Preferred
Stock, $.0001 par value, 10,000,000 shares authorized, -0- shares issued
and outstanding
|
0 | 0 | ||||||
|
Deficit
accumulated during the development stage
|
(33,624 | ) | (27,881 | ) | ||||
|
Total
stockholder’s deficit
|
(33,524 | ) | (27,781 | ) | ||||
|
TOTAL
LIABILITIES AND STOCKHOLDER’S DEFICIT
|
$ | 0 | $ | 10 | ||||
See
accompanying notes to financial statements.
F-1
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
STATEMENTS
OF OPERATIONS (unaudited)
FOR
THE THREE MONTHS AND SIX MONTHS ENDED DECEMBER 31, 2010 AND 2009
PERIOD
FROM OCTOBER 11, 2007 (INCEPTION) TO DECEMBER 31, 2010
|
Three months
ended December 31, 2010 |
Three months
ended December 31, 2009 |
Six months
ended December 31, 2010 |
Six months
ended December 31, 2009 |
Period from
October 11, 2007 (Inception) to December 31, 2010 |
||||||||||||||||
|
REVENUES
|
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
|
EXPENSES
|
||||||||||||||||||||
|
Professional
fees
|
3,125 | 0 | 3,625 | 3,450 | 27,545 | |||||||||||||||
|
General
and administrative expenses
|
335 | 0 | 1,226 | 175 | 1,884 | |||||||||||||||
|
TOTAL
EXPENSES
|
3,460 | 0 | 4,851 | 3,625 | 29,429 | |||||||||||||||
|
LOSS
FROM OPERATIONS
|
(3,460 | ) | (0 | ) | (4,851 | ) | (3,625 | ) | (29,429 | ) | ||||||||||
|
OTHER
EXPENSES
|
||||||||||||||||||||
|
Interest
expense
|
472 | 381 | 892 | 700 | 4,195 | |||||||||||||||
|
LOSS
BEFORE PROVISION FOR INCOME TAXES
|
(3,932 | ) | (381 | ) | (5,743 | ) | (4,325 | ) | (33,624 | ) | ||||||||||
|
PROVISION
FOR INCOME TAXES
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
|
NET
LOSS
|
$ | (3,932 | ) | $ | (381 | ) | $ | (5,743 | ) | $ | (4,325 | ) | $ | (33,624 | ) | |||||
|
NET
LOSS PER SHARE: BASIC AND DILUTED
|
$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.00 | ) | ||||||||
|
WEIGHTED
AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED
|
1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||
See
accompanying notes to financial statements.
F-2
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
STATEMENT
OF STOCKHOLDER’S DEFICIT (unaudited)
PERIOD
FROM OCTOBER 11, 2007 (INCEPTION) TO DECEMBER 31, 2010
|
Common Stock
|
Deficit
accumulated during the development |
|||||||||||||||
|
Shares
|
Amount
|
stage
|
Total
|
|||||||||||||
|
Inception,
October 11, 2007
|
0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
|
Issuance
of common stock for
cash @$.0001
|
1,000,000 | 100 | - | 100 | ||||||||||||
|
Net
loss for the period ended June 30, 2008
|
- | - | (10,484 | ) | (10,484 | ) | ||||||||||
|
Balance,
June 30, 2008
|
1,000,000 | 100 | (10,484 | ) | (10,384 | ) | ||||||||||
|
Net
loss for the year ended June 30, 2009
|
- | - | (7,331 | ) | (7,331 | ) | ||||||||||
|
Balance,
June 30, 2009
|
1,000,000 | 100 | (17,815 | ) | (17,715 | ) | ||||||||||
|
Net
loss for the year ended June 30, 2010
|
- | - | (10,066 | ) | (10,066 | ) | ||||||||||
|
Balance,
June 30, 2010
|
1,000,000 | 100 | (27,881 | ) | (27,781 | ) | ||||||||||
|
Net
loss for the six months ended December 31, 2010
|
- | - | (5,743 | ) | (5,743 | ) | ||||||||||
|
Balance,
December 31, 2010
|
1,000,000 | $ | 100 | $ | (33,624 | ) | $ | (33,524 | ) | |||||||
See
accompanying notes to financial statements.
F-3
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
STATEMENTS
OF CASH FLOWS (unaudited)
FOR
THE SIX MONTHS ENDED DECEMBER 31, 2010 AND 2009
PERIOD
FROM OCTOBER 11, 2007 (INCEPTION) TO DECEMBER 31, 2010
|
Six months
ended December 31, 2010 |
Six months
ended December 31, 2009 |
Period from
October 11, 2007 (Inception) to December 31, 2010 |
||||||||||
|
CASH
FLOWS FROM OPERATING ACTIVITIES
|
||||||||||||
|
Net
loss for the period
|
$ | (5,743 | ) | $ | (4,325 | ) | $ | (33,624 | ) | |||
|
Change
in non-cash working capital items:
|
||||||||||||
|
Changes
in assets and liabilities:
|
||||||||||||
|
Increase
(decrease) in accrued expenses
|
(3,250 | ) | 1,200 | 500 | ||||||||
|
Increase
in accrued interest – related party
|
892 | 0 | 4,195 | |||||||||
|
CASH
FLOWS USED BY OPERATING ACTIVITIES
|
(8,101 | ) | (3,125 | ) | (28,929 | ) | ||||||
|
CASH
FLOWS FROM FINANCING ACTIVITIES
|
||||||||||||
|
Loans
received from related party
|
8,091 | 3,150 | 28,829 | |||||||||
|
Proceeds
from sales of common stock
|
0 | 0 | 100 | |||||||||
|
NET
CASH PROVIDED BY FINANCING ACTIVITIES
|
8,091 | 3,150 | 28,929 | |||||||||
|
NET
INCREASE (DECREASE) IN CASH
|
(10 | ) | 25 | 0 | ||||||||
|
Cash,
beginning of period
|
10 | 35 | 0 | |||||||||
|
Cash,
end of period
|
$ | 0 | $ | 60 | $ | 0 | ||||||
|
SUPPLEMENTAL
CASH FLOW INFORMATION:
|
||||||||||||
|
Interest
paid
|
$ | 0 | $ | 0 | $ | 0 | ||||||
|
Income
taxes paid
|
$ | 0 | $ | 0 | $ | 0 | ||||||
See
accompanying notes to financial statements.
F-4
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
DECEMBER
31, 2010
NOTE
1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of
Business
Module
One RD, Inc. (“The Company”) was organized
under the laws of the State of Nevada on October 11, 2007 as a
corporation with a year end of June 30. The Company’s objective is to acquire or
merge with a target business or company in a business combination.
Development Stage
Company
The
accompanying financial statements have been prepared in accordance with
generally accepted accounting principles related to development-stage
companies. A development-stage company is one in which planned
principal operations have not commenced or if its operations have commenced,
there has been no significant revenues there from.
Basis of
Presentation
The
financial statements of the Company have been prepared in accordance with
generally accepted accounting principles in the United States of America and are
presented in US dollars.
Accounting
Basis
The
Company uses the accrual basis of accounting and accounting principles generally
accepted in the United States of America (“GAAP” accounting). The
Company has adopted a June 30 fiscal year end.
Cash and Cash
Equivalents
Module
One RD considers all highly liquid investments with maturities of three months
or less to be cash equivalents. At December 31, 2010 and June 30,
2010, the Company had $0 and $10 of cash, respectively.
Fair Value of Financial
Instruments
The
Company’s financial instruments consist of cash and cash equivalents, accrued
expenses, accrued interest – related party and loans payable to a related party.
The carrying amount of these financial instruments approximates fair value due
either to length of maturity or interest rates that approximate prevailing
market rates unless otherwise disclosed in these financial
statements.
Income
Taxes
Income
taxes are computed using the asset and liability method. Under the
asset and liability method, deferred income tax assets and liabilities are
determined based on the differences between the financial reporting and tax
bases of assets and liabilities and are measured using the currently enacted tax
rates and laws. A valuation allowance is provided for the amount of
deferred tax assets that, based on available evidence, are not expected to be
realized.
Use of
Estimates
The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date the financial statements and the
reported amount of revenues and expenses during the reporting
period. Actual results could differ from those
estimates.
Revenue
Recognition
The
Company recognizes revenue when products are fully delivered or services have
been provided and collection is reasonably assured.
F-5
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
DECEMBER
31, 2010
NOTE
1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Basic Income (Loss) Per
Share
Basic
income (loss) per share is calculated by dividing the Company’s net loss
applicable to common shareholders by the weighted average number of common
shares during the period. Diluted earnings per share is calculated by dividing
the Company’s net income available to common shareholders by the diluted
weighted average number of shares outstanding during the year. The diluted
weighted average number of shares outstanding is the basic weighted number of
shares adjusted for any potentially dilutive debt or equity. There are no such
common stock equivalents outstanding as of December 31, 2010.
Stock-Based
Compensation
Stock-based
compensation is accounted for at fair value in accordance with SFAS No. 123 and
123 (R) (ASC 718). To date, the Company has not adopted a stock
option plan and has not granted any stock options. As of December 31, 2010, the
Company has not issued any stock-based payments to its employees.
Recent Accounting
Pronouncements
Module
One RD does not expect the adoption of recently issued accounting pronouncements
to have a significant impact on the Company’s results of operations, financial
position or cash flow.
NOTE
2 – ACCRUED EXPENSES
Accrued
expenses at December 31, 2010 and June 30, 2010 consisted of amounts owed to the
Company’s outside independent auditors.
NOTE
3 – LOAN PAYABLE – RELATED PARTY
The
Company has received loans from a related party to be used for working
capital. The loans are due upon demand, bear 8% interest and are
unsecured. The balance due on these loans was $28,829 and $20,738 as of December
31, 2010 and June 30, 2010, respectively.
Accrued
interest on the above loans was $4,195 and $3,303 as of December 31, 2010 and
June 30, 2010.
NOTE
4 – COMMON STOCK
The
Company has 100,000,000 shares of $0.0001 par value common stock
authorized.
On
October 13, 2007, the Company issued 1,000,000 shares of common stock for cash
proceeds of $100.
As of
December 31, 2010 and June 30, 2010 there were 1,000,000 shares of common stock
issued and outstanding.
The
Company also has 10,000,000 shares of $0.0001 par value preferred stock
authorized.
As of
December 31, 2010 and June 30, 2010 there were 0 shares of preferred stock
issued and outstanding.
F-6
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
DECEMBER
31, 2010
NOTE
5 – INCOME TAXES
As of
December 31, 2010, the Company had net operating loss carry forwards of
approximately $33,600 that may be available to reduce future years’ taxable
income through 2030. Future tax benefits which may arise as a result of these
losses have not been recognized in these financial statements, as their
realization is determined not likely to occur and accordingly, the Company has
recorded a valuation allowance for the deferred tax asset relating to these tax
loss carry-forwards.
The
provision for Federal income tax consists of the following:
|
December
31, 2010 |
||||
|
Federal
income tax benefit attributable to:
|
||||
|
Current
Operations
|
$ | 1,950 | ||
|
Less:
valuation allowance
|
(1,950 | ) | ||
|
Net
provision for Federal income taxes
|
$ | 0 | ||
The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:
|
December
31, 2010 |
June 30,
2010 |
|||||||
|
Deferred
tax asset attributable to:
|
||||||||
|
Net
operating loss carryover
|
$ | 11,400 | $ | 9,479 | ||||
|
Less:
valuation allowance
|
(11,400 | ) | (9,479 | ) | ||||
|
Net
deferred tax asset
|
$ | 0 | $ | 0 | ||||
Due to
the change in ownership provisions of the Tax Reform Act of 1986, net operating
loss carry forwards of $33,600 for Federal income tax reporting purposes are
subject to annual limitations. Should a change in ownership occur net operating
loss carry forwards may be limited as to use in future years.
NOTE
6 – LIQUIDITY AND GOING CONCERN
Module
One RD has negative working capital, has incurred losses since inception, and
has not yet received revenues from sales of products or
services. These factors create substantial doubt about the Company’s
ability to continue as a going concern. The financial statements do
not include any adjustment that might be necessary if the Company is unable to
continue as a going concern.
The
ability of Module One RD to continue as a going concern is dependent on the
Company generating cash from the sale of its common stock and/or obtaining debt
financing and attaining future profitable operations. Management’s
plans include selling its equity securities and obtaining debt financing to fund
its capital requirement and ongoing operations; however, there can be no
assurance the Company will be successful in these efforts.
F-7
MODULE
ONE RD, INC.
(A
DEVELOPMENT STAGE COMPANY)
NOTES
TO THE FINANCIAL STATEMENTS
DECEMBER
31, 2010
NOTE
7 – COMMITMENTS AND CONTINGENCIES
The
Company neither owns nor leases any real or personal property. An officer has
provided office services without charge. There is no obligation for
the officer to continue this arrangement. Such costs are immaterial
to the financial statements and accordingly are not reflected
herein. The officers and directors are involved in other business
activities and most likely will become involved in other business activities in
the future.
NOTE
8 – SUBSEQUENT EVENTS
Management
has evaluated subsequent events through February 4, 2011, the date these
financial statements were issued, and has determined it does not have any
material subsequent events to disclose.
F-8
Item
2. Management’s Discussion and Analysis or Plan of Operation.
Overview.
Module
One RD, Inc. (“we”, “us” or the “Company”) was organized in the State of Nevada
on October 12, 2007. We are a developmental stage company and have
not generated any revenues to date. We were organized to serve as a
vehicle for a business combination through a capital stock exchange, merger,
reverse acquisition, asset acquisition or other similar business combination (a
“Business Combination”) with an operating or development stage business (the
“Target Business”) which desires to utilize our status as a reporting company
under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). We are in the process of identifying and evaluating targets
for a Business Combination. We are not presently engaged in, and will
not engage in, any substantive commercial business operations unless and until
we consummate a Business Combination.
Our
management has broad discretion with respect to identifying and selecting a
prospective Target Business. We have not established any specific
attributes or criteria (financial or otherwise) for prospective Target
Businesses. Our sole officer and director has never served as an
officer or director of a development stage public company with the business
purpose of entering into a transaction such as that contemplated by our
Company. Accordingly, he may not successfully identify a Target
Business or conclude a Business Combination.
We cannot assure you that we will be
successful in concluding a Business Combination. We will not realize
any revenues or generate any income unless and until we successfully merge with
or acquire an operating business that is generating revenues and otherwise is
operating profitably. Moreover, we can offer no guarantee that the Company
will achieve long-term or immediate short-term earnings from any Business
Combination.
Any
entity with which we enter into a Business Combination will be subject to
numerous risks in connection with its operations. To the extent we
affect a Business Combination with a financially unstable company or an entity
in its early stage of development or growth, including entities without
established records of sales or earnings, we may be affected by numerous risks
inherent in the business and operations of financially unstable and early stage
or potential emerging growth companies. If we consummate a Business
Combination with a foreign entity, we will be subject to all of the risks
attendant to foreign operations. Although our management will
endeavor to evaluate the risks inherent in a particular Target Business, we
cannot assure you that we will properly ascertain or assess all significant risk
factors.
We expect
that in connection with any Business Combination, we will issue a significant
number of shares of our common stock (equal to at least 80% of the total number
of shares outstanding after giving effect to the transaction and likely a
significantly higher percentage) in order to ensure that the Business
Combination qualifies as a tax-free transaction under federal tax
laws. The issuance of additional shares of our capital stock
will:
|
·
|
significantly
reduce the equity interest of our stockholders prior to the transaction;
and
|
|
·
|
cause
a change in control in our Company and likely result in the resignation or
removal of our officers and directors as of the date of the
transaction.
|
Our
management anticipates that the Company likely will affect only one Business
Combination, due primarily to our financial resources and the dilution of
interest for present and prospective stockholders, which is likely to occur as a
result of our management's plan to offer a controlling interest to a Target
Business in order to achieve a tax-free reorganization. This lack of
diversification should be considered a substantial risk in investing in us
because it will not permit us to offset potential losses from one venture
against potential gains from another.
Liquidity and Capital
Resources.
At
December 31, 2010, we had no cash on hand. During the next twelve
months we anticipate that we will incur costs and expenses in connection with
the preparation and filing of reports under the Exchange Act, the identification
and evaluation of Target Businesses and, possibly, in connection with a Business
Combination, and we will require cash therefor. Over the next twelve
months, we estimate that we will incur costs and expenses in connection with the
preparation and filing of reports under the Exchange Act of approximately
$14,000. We are unable to provide an estimate of the costs we may
incur in connection with identifying and evaluating Targets Businesses or costs
we may incur in connection with entering into a Business Combination given the
multitude of variables associated with such activities. Our lack of
cash and revenues should be considered a a significant risk factor to investing
in our securities.
2
To date,
we have funded our operations through loans from our stockholder, who is our
sole officer and director, and, as of December 31, 2010, we had borrowed an
aggregate of $28,829 from him, including $8,091 during the six months then
ended. Our stockholder has advised orally that he presently expects
to fund additional costs and expenses that we will incur through loans or
further investment in the Company, as and when necessary. However,
our stockholder is under no obligation to provide such funding.
We cannot
provide investors with any assurance that we will have sufficient capital
resources to identify a suitable Target Business, to conduct effective due
diligence as to any Target Business or to consummate a Business
Combination. As a result of our negative working capital, our losses
since inception, and failure to generate revenues from operations, our financial
statements include a note in which our auditor has expressed doubt about our
ability to continue as a "going concern."
Results of
Operations.
Since our
inception, we have not generated any revenues. We reported a net loss
for the three-month period ended December 31, 2010 of $3,932 and a net loss
since inception of $33,624. The Company has used cash from operations
of $28,929 since its inception, consisting primarily of professional fees and
costs in connection with filing reports with the SEC, and has a negative working
capital of $33,524 at December 31, 2010.
We do not
expect to engage in any activities, other than seeking to identify a Target
Business, unless and until such time as we enter into a Business Combination
with a Target Business, if ever. We cannot provide investors with any
assessment as to the nature of a Target Business’s operations or speculate as to
the status of its products or operations, whether at the time of the Business
Combination it will be generating revenues or its future prospects.
Item
3. Quantitative and Qualitative Disclosures About Market Risk.
Not applicable.
Item
4(T). Controls and Procedures.
Evaluation
of Disclosure Controls and Procedures
As of
December 31, 2010, the Company’s management carried out an evaluation, under the
supervision and with the participation of the Company’s Chief Executive Officer,
who is the Company’s principal executive officer and principal financial
officer, of the effectiveness of the design and operation of the Company’s
disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under
the Exchange Act), pursuant to Exchange Act Rule 13a-15. Based on such
evaluation, the Company’s Chief Executive Officer has concluded that the
Company's disclosure controls and procedures were effective.
Changes
in Internal Controls
There
have been no changes in the Company’s internal control over financial reporting
(as defined in Rules 13a-15 and 15d-15 under the Exchange Act) during the three
months ended December 31, 2010 that have materially affected, or are reasonably
likely to materially affect, the Company’s internal control over financial
reporting.
PART
II — OTHER INFORMATION
Item
1. Legal Proceedings.
The
Company is not a party to any legal proceeding or litigation.
3
Item
1A. Risk Factors.
Smaller
reporting companies are not required to provide the information required by this
item.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a) During
the three months ended December 31, 2010, the Company did not issue any
securities.
(b) Not
applicable.
(c)
During the three months ended December 31, 2010, neither the issuer nor any
"affiliated purchaser," as defined in Rule 10b-18(a)(13), purchased any shares
or other units of any class of the issuer's equity securities.
Item
3. Defaults Upon Senior Securities.
None.
Item
4. (Removed and Reserved)
Item
5. Other Information.
(a) None.
(b) The Company has not adopted any
procedures by which security holders may recommend nominees to the registrant's
board of directors.
Item
6. Exhibits.
Index to
Exhibits
|
Exhibit
|
Description
|
|
|
31.1
|
Certification
of the Company’s Principal Executive Officer and Principal Financial
Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with
respect to the registrant’s Quarterly Report on Form 10-Q for the quarter
ended December 31, 2010.
|
|
|
32.1*
|
Certification
of the Company’s Principal Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes Oxley Act of
2002.
|
* Pursuant
to Commission Release No. 33-8238, this certification will be treated as
“accompanying” this Quarterly Report on Form 10-Q and not “filed” as part of
such report for purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liability of Section 18 of
the Securities Exchange Act of 1934, as amended, and this certification will not
be deemed to be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended,
except to the extent that the registrant specifically incorporates it by
reference.
4
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused the report to be signed on its behalf by the
undersigned thereunto duly authorized.
|
MODULE
ONE RD, INC.
|
|||
|
Date:
February 9, 2011
|
By:
|
/s/ Thomas
Hurley
|
|
|
Name:
|
Thomas Hurley
|
||
|
Title:
|
President, Principal Executive Officer and
Principal Financial
Officer
|
5