Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment 1 to
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 June 30, 2011
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ________________ to _________________
Commission File Number: 000-52712
PEER REVIEW MEDIATION AND ARBITRATION, INC.
-------------------------------------------
(Exact name of registrant as specified in its charter)
Florida 65-1126951
------- ----------
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or organization)
1450 S. Dixie Highway, Ste. 201
Boca Raton, Florida 33432
-------------------------------
(Address of principal executive offices)
(561) 347-1178
--------------
(Registrant's telephone number, including area code)
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
(section 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 [ ] 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.
2
Large accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] Smaller reporting company [X]
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 August 22, 2011, there were 9,164,986 shares of Peer Review Mediation
and Arbitration, Inc. Common Stock, $0.001 par value per share, issued and
outstanding.
Explanatory Note
This Amendment 1 to the Quarterly Report on Form 10-Q for the quarter
ended June 30, 2011 of the registrant, originally filed with the
Securities and Exchange Commission on August 22, 2011 amends the
original Form 10-Q in the manner described below.
Amendment 1 is being filed to include the currently-dated
certifications from our chief executive officer and our chief financial
officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act
of 2002.
3
PART I
FINANCIAL INFORMATION
Page
----
Item 1. Financial Statements 4
Consolidated Balance Sheets as of
June 30, 2011 (Unaudited) and December 31, 2010
Consolidated Statements of Operations for the
Three Months and Six Months Ended June 30, 2011
and 2010 (unaudited)
Consolidated Statements of Cash Flows for the
Six Month Periods Ended June 30,
2011 and 2010 (unaudited)
Notes to Consolidated Financial Statements (unaudited)
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations 15
Item 3. Quantitative and Qualitative Disclosures About
Market Risk 18
Item 4. Controls and Procedures 18
PART II
OTHER INFORMATION
Item 1. Legal Proceedings 19
Item 2. Unregistered Sales of Equity Securities and
Use of Proceeds 19
Item 3. Defaults Upon Senior Securities 19
Item 4. (Removed and Reserved) 19
Item 5. Other Information 19
Item 6. Exhibits 19
Signatures
4
PART I - FINANCIAL INFORMATION
PEER REVIEW MEDIATION AND ARBITRATION, INC.
CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Quarter Ended June 30, 2011
5
PEER REVIEW MEDIATION AND ARBITRATION, INC.
Consolidated Financial Statements
(Unaudited)
TABLE OF CONTENTS
Page
----
FINANCIAL STATEMENTS
Consolidated balance sheets 6
Consolidated statements of operation 8
Consolidated statements of cash flows 10
Notes to consolidated financial statements 12
6
PEER REVIEW MEDIATION AND ARBITRATION, INC.
CONSOLIDATED BALANCE SHEETS
June 30,
December 31, 2011
2010 (Unaudited)
---------- ----------
ASSETS
Current assets:
Cash $ 155,655 $ 97,822
Accounts receivable 30,663 115,132
Inventory 22,294 22,294
Marketable securities 79 79
---------- ----------
Total current assets 208,691 235,327
---------- ----------
Fixed assets 328,522 1,282,047
Less accumulated depreciation (99,663) (928,832)
Other assets 13,584 14,108
---------- ----------
242,443 367,323
---------- ----------
Total Assets $ 451,134 $ 602,650
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accrued payables $ 633,379 $ 816,028
Related party payables 2,797,987 2,943,668
Notes payable - current portion - 78,625
Notes payable - related party -
current portion 189,391 86,602
Capital lease obligation - 73,207
Other liabilities 3,894 -
----------- -----------
Total current liabilities 3,624,651 3,998,130
Capital lease obligation - -
Notes payable - 172,737
Notes payable - related party 15,000 -
----------- -----------
Total liabilities 3,639,651 3,174,336
----------- -----------
7
Stockholders' Equity
Preferred stock, Series II, $.001 par value;
1,000,000 shares authorized; convertible;
1,000,000 issued and outstanding 1,000 1,000
Common stock, $.001 par value; 45,000,000
shares authorized; 9,140,683 (2010)
and 9,161,869 (2011) 9,140 9,161
Additional paid in capital 9,054,356 23,232,385
Stock subscription receivable (7,968,750) (7,203,750)
Accumulated deficit ( (17,625,384) (19,593,782)
Accumulated other comprehensive
income (loss) (13,673) (13,673)
Total PRMA stockholders' equity (3,187,920) (3,568,659)
Noncontrolling interest (597) 442
----------- -----------
Total Stockholders' Equity (3,188,517) (3,568,217)
----------- -----------
Total Liabilities and Stockholders' Equity $ 451,134 $ 602,650
=========== ===========
The accompanying notes are an integral part
of the consolidated financial statements.
8
PEER REVIEW MEDIATION AND ARBITRATION, INC.
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Unaudited)
Three Months Three Months Six Months Six Months
Ended Ended Ended Ended
June 30, 2010 June 30, 2011 June 30, 2010 June 30, 2011
------------- ------------- ------------- -------------
Revenue $ 69,630 $ 2,263,650 $ 82,536 $ 4,195,573
Cost of sales 20,318 2,010,913 25,420 3,678,438
--------- ----------- --------- -----------
49,312 252,737 57,116 517,135
Expenses:
Depreciation 6,334 56,534 10,611 117,087
Selling, general and
administrative 418,888 551,108 792,019 1,128,797
Write offs - - - 1,051,900
--------- ----------- --------- -----------
425,222 607,642 802,630 2,297,784
--------- ----------- --------- -----------
Loss from operations (375,910) (354,905) (745,514) (1,780,649)
--------- ----------- --------- -----------
Other income (expense)
Interest income - - - -
Interest (expense) (63,729) (67,372) (122,584) (137,815)
Beneficial conversion feature
- expense - (15,875) - (50,688)
--------- ----------- --------- -----------
(63,729) (83,247) (122,584) (188,503)
--------- ----------- --------- -----------
Income (loss) before provision
for income taxes (439,639) (438,152) (868,098) (1,969,152)
Provision for income tax - - - -
--------- ----------- --------- -----------
Net income (loss) (439,639) (438,152) (868,098) (1,968,152)
Other comprehensive income
(loss) - net of tax
Unrealized gain (loss) on
securities (46) - (52) -
--------- ----------- --------- -----------
Comprehensive income (loss) (439,685) (438,152) (868,150) (1,968,152)
Comprehensive (income) loss
attributable to noncontrolling
interest - 455 - 754
--------- ----------- --------- -----------
Comprehensive income (loss)
attributable to PRMA $(439,685) $ (437,697) $ - $(1,968,398)
========= =========== ========= ===========
Net income (loss) per share
(Basic and fully diluted) $ (0.05) $ (0.05) $ (0.10) $ (0.22)
========= =========== ========= ===========
9
Weighted average number of
common shares outstanding 8,422,994 9,156,311 8,408,898 9,154,117
========= =========== ========= ===========
The accompanying notes are an integral part
of the consolidated financial statements.
10
PEER REVIEW MEDIATION AND ARBITRATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)
Six Months Six Months
Ended Ended
June 30, 2010 June 30, 2011
------------- ------------
Cash Flows From Operating Activities:
Net income (loss) $ (868,098) $(1,969,152)
Adjustments to reconcile net income
to net cash provided by (used for)
operating activities:
Depreciation 10,611 117,087
Accounts receivable (38,950) 35,351
Accrued payables 186,512 178,756
Related party payables 239,298 145,681
Other assets - (524)
Beneficial conversion feature - expense - 50,688
Writeoffs - 1,051,900
----------- -----------
Net cash provided by (used for)
operating activities (470,627) (460,915)
Cash Flows From Investing Activities:
Fixed asset purchases (1,212) (12,667)
Business acquisition - net - 11,706
----------- -----------
Net cash provided by (used for)
investing activities (1,212) (961)
----------- -----------
(Continued on Following Page)
The accompanying notes are an integral part
of the consolidated financial statements.
11
PEER REVIEW MEDIATION AND ARBITRATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)
(Continued From Previous Page)
Six Months Six Months
Ended Ended
June 30, 2010 June 30, 2011
------------- -------------
Cash Flows From Financing Activities:
Notes payable - borrowings - -
Notes payable - payments (40,345) (237,886)
Capital lease obligation - payments - (46,834)
Related party loans - net 3,275 -
Option Exercises 584,215 283,263
----------- -----------
Net cash provided by (used for)
financing activities 547,145 404,043
----------- -----------
Net Increase (Decrease) In Cash 75,306 57,833
Cash At The Beginning Of The Period 27,392 155,655
----------- -----------
Cash At The End Of The Period $ 102,698 $ 97,822
=========== ===========
Schedule of Non-Cash Investing and Financing Activities
-------------------------------------------------------
In 2011 the Company purchased $11,796 in cash, $49,118 in accounts
receivable, and $228,776 in fixed assets, with corresponding
liabilities of $491,500 by issuing 5,000 common shares valued at
$85,000 and fulfilling a stock subscription payable of $765,000 by
issuing 45,000 common shares.
Supplemental Disclosure
-----------------------
Cash paid for interest $ 1,293 $ 9,323
Cash paid for income taxes $ - $ -
The accompanying notes are an integral part
of the consolidated financial statements.
12
PEER REVIEW MEDIATION AND ARBITRATION, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:
Peer Review Mediation And Arbitration, Inc. ("PRMA", the "Company"),
was incorporated in the State of Florida on April 16, 2001. The Company
provides peer review services and expertise to law firms, medical
practitioners, insurance companies, hospitals and other organizations
in regard to personal injury, professional liability and quality
review.
Basis of Presentation
---------------------
The accompanying unaudited financial statements have been prepared in
accordance with the instructions to Form 10-Q and do not include all of
the information and disclosures required by generally accepted
accounting principles for complete financial statements. All
adjustments which are, in the opinion of management, necessary for a
fair presentation of the results of operations for the interim periods
have been made and are of a recurring nature unless otherwise disclosed
herein. The results of operations for such interim periods are not
necessarily indicative of operations for a full year.
Principles of Consolidation
---------------------------
The accompanying consolidated financial statements include the accounts
of Peer Review Mediation and Arbitration, Inc. and its wholly owned
subsidiary. All intercompany accounts and transactions have been
eliminated in consolidation.
Cash and Cash Equivalents
-------------------------
The Company considers all highly liquid investments with an original
maturity of three months or less as cash equivalents.
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.
Income tax
----------
The Company accounts for income taxes pursuant to ASC 740. Under ASC
740 deferred taxes are provided on a liability method whereby deferred
tax assets are recognized for deductible temporary differences and
13
PEER REVIEW MEDIATION AND ARBITRATION, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES: (Continued)
operating loss carryforwards and deferred tax liabilities are
recognized for taxable temporary differences. Temporary differences are
the differences between the reported amounts of assets and liabilities
and their tax bases. Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than
not that some portion or all of the deferred tax assets will not be
realized. Deferred tax assets and liabilities are adjusted for the
effects of changes in tax laws and rates on the date of enactment.
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 after services have been
performed under contract terms, the service price to the client is
fixed or determinable, and collectability is reasonably assured. The
Company's revenues to date have been earned primarily from consulting
fees for arranging medical expert insurance case review.
Property and equipment
----------------------
Property and equipment are recorded at cost and depreciated under the
straight line method over each item's estimated useful life.
Financial Instruments
---------------------
The carrying value of the Company's financial instruments, as reported
in the accompanying balance sheet, approximates fair value.
Marketable Securities
---------------------
The Company's marketable securities are classified as available-for-
sale, are presented in the balance sheets at fair market value, and
consist entirely of equity securities. Gains and losses are determined
using the specific identification method.
14
PEER REVIEW MEDIATION AND ARBITRATION, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES: (Continued)
The Company accounts for comprehensive income (loss) under ASC 220,
which establishes standards for reporting and display of comprehensive
income and its components. Unrealized gains (losses) from marketable
securities are reported as other comprehensive income (loss) in the
consolidated statements of income and comprehensive income and as
accumulated other comprehensive income (loss) in stockholders' equity.
Stock based compensation
------------------------
The Company accounts for employee and non-employee stock awards under
ASC 718, whereby equity instruments issued to employees for services
are recorded based on the fair value of the instrument issued and those
issued to non-employees are recorded based on the fair value of the
consideration received or the fair value of the equity instrument,
whichever is more reliably measurable.
15
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. The statements regarding Peer Review Mediation
and Arbitration, Inc. and its subsidiaries contained in this Report
that are not historical in nature, particularly those that utilize
terminology such as "may," "will," "should," "likely," "expects,"
"anticipates," "estimates," "believes" or "plans," or comparable
terminology, are forward-looking statements based on current
expectations and assumptions, and entail various risks and
uncertainties that could cause actual results to differ materially from
those expressed in such forward-looking statements.
Overview
---------
We were incorporated under the laws of the State of Florida on April
16, 2001. We have been conducting business operations ever since,
primarily focused on the creation and continual development of our
proprietary Private Network Application which allows direct access to
our Peer Review Data Archival resource via our PeerReviewboard.com
Internet web site. Our wholly owned subsidiary, Independent Review,
Inc., is engaged in providing medical case reviews to the Texas
Insurance Commission pursuant to a license from the state of Texas.
Our service enables subscribers, attorneys, insurance claims agents,
healthcare providers and consumers the ability to efficiently search
and engage medical experts for a variety of medical consulting
projects. PRMA maintains a network of independent physicians as members
of its Peer Review Board, available to assist in areas such as: expert
medical opinions and testimony, legal case evaluation and strategy,
assessment of damages, case valuation, medical peer review and chart
review, independent medical review, quality and utilization review,
medical case management, and medical second opinion. In addition, we
offer a diverse program of technology and innovation services as member
benefits to our member physicians through Pro-Med Alliance, our wholly-
owned subsidiary.
Results Of Operations
---------------------
Comparison of Results of Operations for the Three Months Ended June 30,
2011 and 2010
Sales were $2,263,650 for the three months ended June 30, 2011, as
compared to sales of $69,630 for the three months ended June 30, 2010,
an increase of $2,194,020, or 3,151%. This increase in revenue for the
three months ending June 30, 2011 is due to the transition the Company
has made from developmental to operational, and due to the additional
revenue provided by our Document Management Division, Environmental
Division, and Staffing Division.
16
Cost of sales was $2,010,913 for the three months ended June 30, 2011,
as compared to cost of sales of $20,318 for the comparable period in
2010, an increase of $1,990,595, or 9,797%. Cost of sales increased due
to the corresponding increase in revenues.
For the three months ended June 30, 2011, we incurred operating
expenses of $607,642, which included selling, general and
administrative expenses of $551,108, compared to operating expense of
$425,222 during the three months ended June 30, 2010, which included
selling, general and administrative expenses of $418,888 for the same
period last year, or a 31.6% increase in selling, general and
administrative expense. This increase is due an increase in business
activity as the Company continues to execute its business plan.
Selling, general and administrative expenses during the three months
ended June 30, 2011, consisted of $103,620 in physician recruitment,
$69,080 in administrative expense, $57,567 in operational expense,
$17,594 in IT hosting and maintenance, $31,253 in rent, $89,462 in
officers and directors compensation, $49,323 in consulting fees,
$10,204 in telephone, $14,589 in legal and & professional fees, $5,708
in utilities and maintenance, $15,209 in office supplies, $1,935 in
promotion and advertising, and $67,372 in interest expense.
Depreciation and amortization expense increased to $56,534 during the
three months ended June 30, 2011, compared with that of $6,334 for the
same period in 2010. The increase in depreciation and amortization
expense was primarily due to an increase in fixed assets, associated
primarily with asset acquisitions.
As a result, we incurred a loss of ($438,152) during three months ended
June 30, 2011, or ($0.05) per share, compared with a loss of ($439,685)
during the three months ended June 30, 2010, or ($0.05) per share.
Comparison of Results of Operations for the Six Months Ended June 30,
2011 and 2010
Sales were $4,195,573 for the six months ended June 30, 2011, as
compared to sales of $82,536 for the six months ended June 30, 2010, an
increase of $4,113,037, or 4,983%. Our increase in revenues during the
six months ended June 30, 2011 is due to the transition the Company has
made from developmental to operational and due to the additional
revenue provided our Document Management Division, Environmental
Division, and Staffing Division.
Cost of sales was $25,420 for the six months ended June 30, 2011, as
compared to cost of sales of $25,420 for the comparable period in 2010,
an increase of $3,653,018, or 14,371%. Cost of sales increased due to
the corresponding increase in revenues.
For the six months ended June 30, 2011, we incurred operating expenses
of $2,297,030, which included selling, general and administrative
expenses of $1,128,797, compared to operating expense of $802,630
during the six months ended June 30, 2010, which included selling,
general and administrative expenses of $792,019 for the same period
last year, or a 20.5% increase in selling, general and administrative
expense. This increase is due an increase in business activity as the
17
Company continues to execute its business plan. Selling, general and
administrative expenses during the six months ended June 30, 2011,
consisted of $212,756 in physician recruitment, $141,837 in
administrative expense, $118,198 in operational expense, $87,839 in IT
hosting and maintenance, $56,758 in rent, $180,285 in officers and
directors compensation, $88,071 in consulting fees, $19,603 in
telephone, $27,839 in legal and & professional fees, $7,696 in
utilities and maintenance, $22,959 in office supplies, $5,705 in
licenses/permits, $2,235 in promotion and advertising, $18,448 in
miscellaneous fees, and $137,815 in interest expense. Depreciation and
amortization expense increased to $117,087 during the six months ended
June 30, 2011, compared with that of $10,611 for the same period in
2010. The increase in depreciation and amortization expense was
primarily due to an increase in fixed assets, associated primarily with
asset acquisitions.
As a result, we incurred a loss of ($1,967,644) during six months ended
June 30, 2011, or ($0.22) per share, compared with a loss of ($868,150)
during the six months ended June 30, 2010, or ($0.10) per share.
Liquidity And Capital Resources
At June 30, 2011, we had $97,901 in cash and marketable securities.
During the quarter ending June 30, 2011, operations were funded through
the exercise of our outstanding Common Stock Purchase Options. On
April 2, 2009 our registration statement was deemed effective by the
SEC wherein we registered 323,940 shares of our Common Stock that
underlie previously issued purchase options. As of the date of this
report we have received an aggregate of $3,313,712 from the exercise of
these Purchase Options and issued 189,355 shares of our Common Stock as
a result. It is management's intent to use the funds generated by the
exercising of these options to execute the business plan.
The net cash used in operating activities for the quarter ended June
30, 2011 was $470,627. The net cash provided from financing activities
for the quarter ended June 30, 2011 was $547,145. We had $97,901 in
cash and cash equivalents as of June 30, 2011, compared to $102,808 in
cash and cash equivalents as of June 30, 2010. We had $115,132 in
account receivables as of June 30, 2011, as compared to $45,910 at June
30, 2010.
Off-Balance Sheet Arrangements
------------------------------
We have not entered into any 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 and would be considered material to investors.
18
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Not applicable.
ITEM 4. CONTROLS AND PROCEDURES
During the three months ended June 30, 2011, there were no changes in
our internal controls over financial reporting (as defined in Rule 13a-
15(f) and 15d-15(f) under the Exchange Act) that have materially
affected, or are reasonably likely to materially affect, our internal
control over financial reporting,
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, we
conducted an evaluation of our disclosure controls and procedures, as
such term is defined under Rule 13a-15(e) and Rule 15d-15(e)
promulgated under the Securities Exchange Act of 1934, as amended, as
of June 30, 2011. Based on this evaluation, our chief executive
officer and chief financial officer have concluded such controls and
procedures to be effective as of June 30, 2011 to ensure that
information required to be disclosed by the issuer in the reports that
it files or submits under the Act is recorded, processed, summarized
and reported, within the time periods specified in the Commission's
rules and forms and to ensure that information required to be disclosed
by an issuer in the reports that it files or submits under the Act is
accumulated and communicated to the issuer's management, including its
principal executive and principal financial officers, or persons
performing similar functions, as appropriate to allow timely decisions
regarding required disclosure.
19
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. (REMOVED AND RESERVED)
ITEM 5. OTHER INFORMATION
None
ITEM 6. EXHIBITS
Exhibit 31* - Certifications pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
Exhibit 32* - Certifications pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
Exhibit 101.INS** XBRL Instance Document
Exhibit 101.SCH** XBRL Taxonomy Extension Schema Document
Exhibit 101.CAL** XBRL Taxonomy Extension Calculation Linkbase
Document
Exhibit 101.DEF** XBRL Taxonomy Extension Definition Linkbase
Document
Exhibit 101.LAB** XBRL Taxonomy Extension Label Linkbase Document
Exhibit 101.PRE** XBRL Taxonomy Extension Presentation Linkbase
Document
* Filed herewith
**XBRL (Extensible Business Reporting Language) information is
furnished and not filed or a part of a registration statement or
prospectus for purposes of Sections 11 or 12 of the Securities Act of
1933, as amended, is deemed not filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and otherwise is not
subject to liability under these sections.
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.
PEER REVIEW MEDIATION AND ARBITRATION, INC.
Dated: August 22, 2010
By: /s/Willis Hale
-------------------------------
Willis Hale
Chief Executive Officer
By: /s/Marc E. Combs
-------------------------------
Marc E. Combs
Chief Financial Officer
2