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 UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 FORM 10-Q/A

(Amendment No. 1)

(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: 000-53364

KRANEM CORPORATION
(Exact Name of Registrant as Specified in Its Charter)

Colorado 000-53563 02-0585306
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation or organization)    

1080 O’Brien Drive
Menlo Park, CA 94025
(Address of principal executive offices)

(650) 319-6743
(Registrant’s telephone number, including area code)

2700 Cherry Creek South Drive #406, Denver, CO 80209
(Former name or former address, 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” and “smaller reporting 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 ]  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [    ]  No [ X ]

The number of shares outstanding of each of the issuer’s classes of common stock, as of August 19, 2011 is as follows:

Class of Securities Shares Outstanding
Common Stock, no par value 39,888,750


i


EXPLANATORY NOTE

The purpose of this Amendment No. 1 to Kranem Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011, filed with the Securities and Exchange Commission on August 22, 2011 (the "Form 10-Q"), is solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the consolidated financial statements and related notes from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language).

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

 


PART II
OTHER INFORMATION

ITEM 6. EXHIBITS.

Except as noted below, the following exhibits are filed as part of this report or incorporated by reference:

Exhibit No. Description
101* The following materials from Registrant’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, formatted in Extensible Business Reporting Language (XBRL) includes: (i) Consolidated Balance Sheets as of June 30, 2011 (unaudited) and December 31, 2010, (ii) Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2011 and 2010 (unaudited), (iii) Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2011 and 2010 (unaudited) and (iv) Notes to the Consolidated Financial Statements.

*In accordance with Rule 406T of Regulation S-T, the information furnished in these exhibits will not be deemed "filed" for purposes of Section 18 of the Exchange Act. Such exhibits will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act.


SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 14, 2011

KRANEM CORPORATION

By: /s/ Ajay Batheja                                      

Ajay Batheja, Chief Executive Officer
(Principal Executive Officer)

By: /s/ Edward Miller                                     

Edward Miller, Chief Financial Officer
(Principal Financial and Accounting Officer)


EXHIBIT INDEX

Exhibit No. Description
101* The following materials from Registrant’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, formatted in Extensible Business Reporting Language (XBRL) includes: (i) Consolidated Balance Sheets as of June 30, 2011 (unaudited) and December 31, 2010, (ii) Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2011 and 2010 (unaudited), (iii) Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2011 and 2010 (unaudited) and (iv) Notes to the Consolidated Financial Statements.

*In accordance with Rule 406T of Regulation S-T, the information furnished in these exhibits will not be deemed "filed" for purposes of Section 18 of the Exchange Act. Such exhibits will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act.