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EX-31 - Sino-American Net Media Corpsae31.htm
EX-32 - Sino-American Net Media Corpsae32.htm




Washington, DC 20549




[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


For the period ended: June 30, 2011.


[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934


For the transition period from         to


Commission File Number:  000-53682




(Exact name of Small Business Issuer as specified in its charter)


Delaware                                 To be applied

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

(State or other jurisdiction of          (IRS Employer

incorporation or organization) Identification No.)



227 West Valley Blvd., #298-C, San Gabriel, CA 91776        48331

(Address of principal executive offices)                   (Postal or Zip Code)


Issuer's telephone number, including area code:       626-807-2198


Securities registered pursuant to Section 12(b) of the Exchange Act: None


Securities registered pursuant to Section 12(g) of the Exchange Act: Common Stock, par value $.0001 per share.


Indicated by check 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 issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                 Yes [ x ]   No  [  ]


Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B is not contained in this form, 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-K or any amendment to this Form 10-K.                  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. (Check one):


Large accelerated filer [ ]                        Accelerated filer [ ]


Non-accelerated filer [ ](Do not                   Small reporting company [x]

check if smaller reporting company)


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


The issuer's revenues for the its most recent fiscal year: $0


State the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 31,340,000 shares of common stock with par value of $0.0001 per share outstanding as of September 8, 2011.











                         TABLE OF CONTENTS

                  TO QUARTERLY REPORT ON FORM 10-Q

                  FOR QUARTER ENDED JUNE 30, 2011


                        Part I – FINANCIAL INFORMATION   



Item 1. Financial Statements    

            Balance Sheets          ----------------------------     4

            Statement Of Operations ----------------------------     5

            Statement of Cash Flows ---------------------------- 6

            Condensed Notes to Financial Statement ------------ 7     

Item 2. Management's Discussion And Analysis Of Financial

        Condition And Results Of Operation ----------------------      11

Item 3  Quantitative And Qualitative Disclosure About Market Risk       15

Item 4T. Controls and Procedures ----------------------                 15


                        PART II - OTHER INFORMATION


Item 1. Legal Proceedings    ----------------------------               16

Item 2. Unregistered Sale of Equity Securities and Use of Proceeds      16

Item 3. Defaults Upon Senior Securities ----------------------------    16

Item 4. Submission of Matters to a Vote of Security Holder -------- 16

Item 5. Other Information  ----------------------------                 16

Item 6. Exhibits         ----------------------------                   16





                     Part I – FINANCIAL INFORMATION

Item 1. Financial Statements  


Sino-American Investment Holdings Inc, Balance Sheet

As of June 30, 2011 and December 31, 2010

          6/30/2011   12/31/2010
          (Unaudited)   (audited)
Cash and cash equivalent         $                                       -     $                                 -
Total Current Asset         $                                       -     $                                 -
   Investment         $                                       -     $                                 -
   Property           $                                       -     $                                 -
   Intangible Assets         $                                       -     $                                 -
Total Assets           $                                       -     $                                 -
Liabilities and Shareholders' equity          
  Current Liabilities:            
Total Liabilities         $                                       -     $                                 -
Commitments And Contingence          
Shareholders' Equity            
   Common shares 31,340,000 outstanding        
  with par value $0.0001          $                               3,134     $                          3,134
  Profits (Deficit) accumulated       $                             (3,134)     $                  (3,134)
Total Shareholders' Equity         $                                       -     $                                 -
Total Liabilities and Shareholders' Equity       $                                       -     $                                 -

Sino-American Investment Holdings Inc

Statements of Operation Income (Loss) For

Three and Six Months Ended June 30, 2011 and 2010 Periods

          Three Months     Three Months   Six Months   Six Months From Inception
           ended on      ended on    ended on    ended on (2/9/2009)   to
        6/30/2011   6/30/2010 6/30/2011 6/30/2010 6/30/2011
Revenue         $                  -     $                  -   $                    -   $            -   $                   -
Gross Profits         $                  -     $                  -   $                    -   $              -   $    -
Operating Expenses                  
  Selling expenses         $                  -     $                  -   $                    -   $             -   $                   -
  General and administrative expenses     $                  -     $                  -   $                    -   $             -   $     3,134
Total Operating Expenses       $                  -     $                  -   $                    -   $           -   $    (3,134)
Income (loss) from Operation       $                  -     $                  -   $                    -   $            -   $                   -
Other income (expenses)       $                  -           $                   -
  Interests income (expenses)         $   -     $       -   $        -   $   -   $   -
  Provision for income tax       $    -     $       -   $        -   $   -   $   -
Net income (loss)         $                  -     $                  -   $                    -   $          -   $                   -
Earning per share (EPS)                
Basic and diluted net earnings per share              
   25,000,000 Shares  O/S respectively     $                -       $                -     $                  -     $               -     $                 -  
  Weighted average number of common shares used to compute EPS:              
  -Basic/Diluted       31,340,000   31,340,000 31,340,000 31,340,000 31,340,000




Sino-American Investment Holdings Inc

Statements of Cash Flows For

Six Months Ended June 30, 2011 and 2010 Periods


        From From From Inception
        1/1/2011 1/1/2010 2/9/2010    to
        6/30/2011 6/30/2010 6/30/2011
    Net income (loss)         $                             -   $                              -   $                           (3,134)
          $                             -   $                              -   $                                    -
Net cash provided by operating activities       $                             -   $                              -   $                           (3,134)
   Private Financing by issued shares       $                             -   $                              -   $                             3,134
Net Cash Provided By Financial Activities       $                             -   $                              -   $                             3,134
  Increase (decrease) in cash        
    Cash, beginning at the period     $                             -   $                              -   $                                    -
    Cash, end at the period       $                             -   $                              -   $                                    -
Supplemental Cash Flow Information:        
  Interests paid:       $                           -   $                           -   $                           -





                                 NOTES TO FINANCIAL STATEMENTS

                                       June 30, 2011




Basis of Accounting


The accompanying audited financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for annual financial information, and with the rules and regulations of SEC to Form 10-Q and Article 8 of Regulation S-X.


The Company selected its year-end on December 31.


Development Stage Company


The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification.  The Company has recognized no revenue since inception, and is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception, have been considered as part of the Company’s development stage activities.



The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


Cash Equivalents


The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.


Fair Value of Financial Instruments


The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:


·         Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.


·         Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.


·         Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data.


The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for financial assets and liabilities measured at fair value at June 30, 2011, nor gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date for the period from December 28, 2010 (inception) through June 30, 2011.


Revenue Recognition


The Company will apply paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.  The Company will recognize revenue when it is realized or realizable and earned.  The Company will consider revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.  


Income Taxes


The Company will account for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification.  Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the

assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.


The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.


Net Loss Per Common Share


Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.  There were no potentially dilutive shares outstanding as of June 30, 2011.




The accompanying financial statements are presented on a going concern basis. The Company had minimal operations during the period from February 9, 2009 (date of inception) to June 30, 2011, and has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.





There are no warrants or options outstanding to acquire any additional shares of common stocks.







                                              As of June 30, 2011


Deferred tax assets:

     Net operating losses carry forwards        $     0

     Other                                            0


     Valuation allowance                          (3,134)

     Net deferred tax assets                    $     0


Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.




As of June 30, 2011, the Company has a net operating loss carryforward of $ 3,134, including $0 generated in this quarter. Net operating loss carryforward expires twenty years from the date the loss was incurred.








The stockholders' equity section of the Company contains the following classes of capital stock as of this date of reporting:


Common stock, $ 0.0001 par value: 250,000,000 shares authorized; 31,340,000 shares issued and outstanding.


Item 2. Management's Discussion And Analysis Of Financial Condition And Results Of Operation




This Form 10-Q includes "forward-looking statements" within the meaning of Section 21E of the Exchange Act. These forward-looking statements are based on our current goals, plans, expectations, assumptions, estimates and predictions about the Company. When used in this Form 10-Q, the words "plan", "believes," "continues," "expects," "anticipates," "estimates," "intends", "should," "would," "could," or "may," and similar expressions are intended to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or growths to be materially different from any future results, events or growths expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, Chinese government policy or rule changes, market conditions, competition and the ability to successfully complete financing.


Plan of Operation:


Sino-American Investment Holdings Inc. (the "Company") was organized on February 9, 2009, as a blank check or shell company under the Laws of the State of Delaware. The Company does not currently engage in any business activities that provide cash flow. From inception, the primary activity of the Company has been directed towards organizational efforts, compliance matters and locating potential merger or acquisition candidates.


The Company has registered its Common Stock on a Form 10 registration statement filed pursuant to the Securities Exchange Act of 1934 (the Exchange Act) and Rule 12(g) thereof. The Company files with the U.S. Securities and Exchange Commission periodic reports under Rule 13(a) of the Exchange Act, including quarterly reports on Form 10-Q and annual reports on Form 10-K.


The Company was formed to engage in a merger with or acquisition of an unidentified private company, which desires to become a reporting (public) company whose securities are qualified for trading in the United States secondary market. The Company meets the definition of a blank check company contained in Section 7(b)(3) of the Securities Act of 1933, as amended.


The Company believes that there are perceived benefits to being a reporting company with a class of publicly-traded securities which may be attractive to foreign and domestic private companies.


These benefits are commonly thought to include:


1. the ability to use registered shares to make acquisition of assets or businesses;


2. increased visibility in the financial community;


3. the facilitation of borrowing from financial institutions;


4. improved trading efficiency;


5. shareholder liquidity;


6. greater ease in subsequently raising capital;


7. compensation of key employees through options for stock for which there is a public market;


8. enhanced corporate image; and,


9. a presence in the United States capital market.


A private company, which may be interested in a business combination with the Company, may include the following:


1. a company for which a primary purpose of becoming public is the use of its securities for the acquisition of assets or businesses;


2. a company which is unable to find an underwriter of its securities or is unable to find an underwriter of securities on terms acceptable to it;


3. a company which wishes to become public with less dilution of its Common Stock than would occur normally upon an underwriting;


4. a company which believes that it will be able to obtain investment capital on more favorable terms after it has become public;


5. a foreign company which may wish an initial entry into the United States securities market;


6. a special situation company, such as a company seeking a public market to satisfy redemption requirements under a qualified Employee Stock Option Plan; and,


7. a company seeking one or more of the other benefits believed to attach to a public company.



The Company is authorized to enter into a definitive agreement with a wide variety of private businesses without limitation as to their industry or revenues. It is not possible at this time to predict with which private company, if any, the Company will enter into a definitive agreement or what will be the industry, operating history, revenues, future prospects or other characteristics of that company.


As of the date hereof, management of the Company has not made any final decision for a business combination with any private corporations, partnerships or sole proprietorships. When any such agreement is reached or other material fact occurs, the Company will file notice of such agreement or fact with the U.S. Securities and Exchange Commission on Form 8-K. Persons reading this Form 10-Q are advised to see if the Company has subsequently filed a Form 8-K.


There is presently no trading market for the Company's common stock and no market may ever exist for the Company's common stock. The Company plans to apply for a corporate CUSIP # for its common stock and to assist broker-dealers in complying with Rule 15c2-11 of the Securities Exchange Act of 1934, as amended, so that such brokers can trade the Company's common stock in the Over-The-Counter Electronic Bulletin Board (the "OTC Bulletin Board" or “OTCBB”) after the Company is no longer classified as a "blank check" or shell company, as defined by the U.S. Securities and Exchange Commission. There can be no assurance to investors that any broker-dealer will actually file the materials required in order for such OTC Bulletin Board trading to proceed.


The U.S. Securities and Exchange Commission has adopted a rule (Rule 419) which defines a blank-check company as (i) a development stage company, that is (ii) offering penny stock, as defined by Rule 3a51-1, and (iii) that has no specific business plan or purpose or has indicated that its business plan is engage in a merger or acquisition with an unidentified company or companies.




The Company will attempt to locate and negotiate with a business entity for the combination of that target company with the Company. The combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange (the "business combination"). In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that the Company will be successful in locating or negotiating with any target business.


The Company has not restricted its search for any specific kind of businesses, and it may acquire a business, which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business life. It is impossible to predict the status of any business in which the Company may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which the Company may offer.


In implementing a structure for a particular business acquisition, the Company may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity.


It is anticipated that any securities issued in any such business combination would be issued in reliance upon exemption from registration under applicable federal and state securities laws. In some circumstances, however, as a negotiated element of its transaction, the Company may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration occurs, it will be undertaken by the surviving entity after the Company has entered into an agreement for a business combination or has consummated a business combination. The issuance of additional securities and their potential sale into any trading market which may develop in the Company's securities may depress the market value of the Company's securities in the future if such a market develops, of which there is no assurance.


The Company will participate in a business combination only after the negotiation and execution of appropriate agreements. Negotiations with a target company will likely focus on the percentage of the Company, which the target company shareholders would acquire in exchange for their shareholdings.


Although the terms of such agreements cannot be predicted, generally such agreements will require certain representations and warranties of the parties thereto, will specify certain events of default, will detail the terms of closing and the conditions which must be satisfied by the parties prior to and after such closing and will include miscellaneous other terms. Any merger or acquisition effected by the Company can be expected to have a significant dilution effect on the percentage of shares held by the Company's shareholders at such time.




The Company has no current operating history and does not have any revenues or earnings from operations. The Company has no assets or financial resources. We will, in all likelihood, sustain operating expenses without corresponding revenues, at least until the consummation of a business combination. This may result in the Company incurring a net operating loss that will increase continuously until the Company can consummate a business combination with a profitable business opportunity. There is no assurance that we can identify such a business opportunity and consummate such a business combination.





On June 30, 2011, the Company had no cash and no other assets. We are dependent upon our officers to meet any minimum costs that may occur. Mr. Zhong Fang the sole officer and director of the Company, has agreed to provide the necessary funds, without interest, for the Company to comply with the Securities Exchange Act of 1934, as amended; provided that he is still an officer and director of the Company when the obligation is incurred. All advances are interest-free.


Item 3. Quantitative And Qualitative Disclosure About market Risk




Item 4T. Controls and Procedures


An evaluation was performed under the supervision and with the participation of our management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange act of 1934, as amended) as of the end of period covered by this report. Based on that evaluation, the Company's Chief Executive Officer and Chief Financial Officer concluded that these disclosure controls and procedures were effective. There has been no change in our internal control over financial reporting during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



Other Information.


During the change of control, Mr. Zhong Fang was appointed as the Chairman of the Board, President and Chief Executive Officer of the Company. Even though appointments have been made, the sole officer and director, Mr. Zhong Fang, is not compensated for his time.



                  PART II - OTHER INFORMATION


Item 1. Legal Proceedings




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




Item 3. Defaults Upon Senior Securities




Item 4. Submissions of Matters to a Vote of Security Holders




Item 5. Other Information




Item 6. Exhibits and Reports on Form 8-k


31 - Certification of Chief Executive Officer and Chief Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


32 - Certification of Chief Executive Officer and Chief 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 the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



                      Sino-American Investment Holdings Inc


 Dated: August 31, 2011          By: /s/ Zhong Fang  


                           Zhong Fang, CEO, CFO       

                           (principal executive officer)