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EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT - Arista Financial Corp.f10q0911ex32i_hunt4travel.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT - Arista Financial Corp.f10q0911ex31i_hunt4travel.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
 
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 September 30, 2011
 
or
 
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______to______
 
HUNT FOR TRAVEL, INC.
 (Exact name of registrant as specified in charter)
 
Nevada
 
333-169802
 
27-1497347
(State or other jurisdiction of
incorporation or organization)
 
(Commission File Number)
 
(I.R.S. Employee Identification No.)

90122 Hoey Road
Chapel Hill, NC 27517
 (Address of principal executive offices)
 _______________
 
(919) 889-9461
 (Registrants 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 issuer was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes x No o
 
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 o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “large accelerated filer”, “accelerated filer” and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one):
 
Large Accelerated Filer o    Accelerated Filer o     Non-Accelerated Filer o (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 x No o
 
6,887,500 shares of Common Stock issued and outstanding, as of as of November 14, 2011:  
 
 
 

 
 
HUNT FOR TRAVEL, INC.
 
FORM 10-Q
 
September 30, 2011
 
INDEX
 
 
PART I-- FINANCIAL INFORMATION
 
     
Item 1.
Financial Statements
1
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
2
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
4
Item 4.
Controls and Procedures
4
     
PART II--OTHER INFORMATION
 
     
Item 1.
Legal Proceedings
5
Item 1A.
Risk Factors
5
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
5
Item 3.
Defaults Upon Senior Securities
5
Item 4.
(Removed and Reserved)
5
Item 5.
Other Information
5
Item 6.
Exhibits
5
     
SIGNATURE
6
     
 
 
 
 

 
 
PART I-- FINANCIAL INFORMATION
 
ITEM 1. FINANCIAL STATEMENTS

 
HUNT FOR TRAVEL, INC.
(A DEVELOPMENT STAGE COMPANY)

 
CONTENTS
 
     
PAGE
F-1
CONDENSED BALANCE SHEETS AS OF SEPTEMBER 30, 2011 (UNAUDITED) AND JUNE 30, 2011
     
PAGE
F-2
CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010, FOR THE PERIOD FROM DECEMBER 15, 2009 (INCEPTION) TO SEPTEMBER 30, 2011 (UNAUDITED)
     
PAGE
F-3
CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIENCY) FOR THE PERIOD FROM DECEMBER 15, 2009 (INCEPTION) TO SEPTEMBER 30, 2011 (UNAUDITED)
     
PAGE
F-4
CONDENSED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010, FOR THE PERIOD FROM DECEMBER 15, 2009 (INCEPTION) TO SEPTEMBER 30, 2011 (UNAUDITED)
     
PAGES
F-5 - F-10
NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
     


 
1

 
 
Hunt For Travel, Inc.
(A Development Stage Company)
Condensed Balance Sheets
   
   
   
             
ASSETS
   
September 30, 2011
   
June 30, 2011
 
   
(Unaudited)
       
             
Current Assets
           
Cash
  $ 1,412     $ 11,182  
Accounts Receivable, net of provision for uncollectible accounts of $0 and $0, respectively
    513       3,619  
Prepaid Expenses
    2,500       4,000  
Total Assets
  $ 4,425     $ 18,801  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIENCY)
                 
Current Liabilities
               
Accounts Payable
  $ 13,379     $ -  
Total  Liabilities
    13,379       -  
                 
Commitments and Contingencies
    -       -  
                 
Stockholders' Equity/(Deficiency)
               
  Preferred stock, $0.0001 par value; 5,000,000 shares authorized,
               
none issued  and outstanding
    -       -  
  Common stock, $0.0001 par value; 100,000,000 shares authorized, 6,887,500 and 6,887,500 shares
               
issued and outstanding, respectively
    689       689  
  Additional paid-in capital
    182,536       181,236  
  Deficit accumulated during the development stage
    (192,179 )     (163,124 )
Total Stockholders' Equity/(Deficiency)
    (8,954 )     18,801  
                 
Total Liabilities and Stockholders' Equity/(Deficiency)
  $ 4,425     $ 18,801  
                 
                 
                 
 
See accompanying notes to condensed unaudited financial statements.
 
 
F-1

 
 
Hunt For Travel, Inc.
 
(A Development Stage Company)
 
Condensed Statements of Operations
 
(Unaudited)
 
   
   
                   
   
For the Three
   
For the Three
   
For the period from December 15, 2009
 
   
Months Ended
September 30, 2011
   
Months Ended
September 30, 2010
   
(inception) to September 30, 2011
 
                   
Revenue
  $ 50     $ 350     $ 1,225  
                         
Operating Expenses
                       
Professional fees
    25,025       22,952       167,273  
General and administrative
    4,055       1,864       26,090  
Total Operating Expenses
    29,080       24,816       193,363  
                         
Loss from Operations
    (29,030 )     (24,466 )     (192,138 )
                         
Other Expense
                       
Interest Expense
    -       -       (16 )
                         
Total Other Income / (Expense) - net
    -       -       (16 )
                         
LOSS FROM OPERATIONS BEFORE INCOME TAXES
    (29,030 )     (24,466 )     (192,154 )
                         
Provision for Income Taxes
    (25 )     -       (25 )
                         
NET LOSS
  $ (29,055 )   $ (24,466 )   $ (192,179 )
                         
Net Loss Per Share  - Basic and Diluted
  $ (0.00 )   $ (0.00 )        
                         
Weighted average number of shares outstanding
                       
  during the period - Basic and Diluted
    6,887,500       6,867,610          
                         
 
See accompanying notes to condensed unaudited financial statements.
 
 
F-2

 
 
Hunt For Travel, Inc.
 
(A Development Stage Company)
 
Condensed Statement of Changes in Stockholders' Equity /(Deficiency)
 
For the period from December 15, 2009 (Inception) to September 30, 2011
 
(Unaudited)
 
                                           
                                           
                                           
                                 
Deficit
       
   
Preferred Stock
   
Common stock
   
Additional
   
accumulated during the
   
Total
 
                           
paid-in
   
development
   
Stockholders'
 
   
Shares
   
Amount
   
Shares
   
Amount
   
capital
   
stage
   
Equity/(Deficiency)
 
                                           
Balance December 15, 2009
    -     $ -       -     $ -     $ -     $ -     $ -  
                                                         
Common stock issued for services to founder ($0.0001 per share)
    -       -       4,000,000       400       -       -       400  
                                                         
 Common stock issued for cash to founder ($0.0001 per share)
                    1,000,000       100       -       -       100  
                                                         
 Common stock issued for cash ($0.10/ per share)
    -       -       1,865,000       187       186,313       -       186,500  
                                                         
 Stock Offering Costs
    -       -       -       -       (13,500 )             (13,500 )
                                                         
 In kind contribution of services
    -       -       -       -       2,800       -       2,800  
                                                         
 Net loss for the period December 15, 2009 (inception) to June 30, 2010
    -       -       -       -       -       (34,895 )     (34,895 )
                                                         
 Balance, June 30, 2010
    -       -       6,865,000       687       175,613       (34,895 )     141,405  
                                                         
 Common stock issued for cash ($0.10/ per share)
    -       -       22,500       2       2,248       -       2,250  
                                                         
 Stock Offering Costs
    -       -       -       -       (1,825 )     -       (1,825 )
                                                         
 In kind contribution of services
    -       -       -       -       5,200       -       5,200  
                                                         
 Net loss for the year ended June 30, 2011
    -       -       -       -       -       (128,229 )     (128,229 )
                                                         
Balance, June 30, 2011
    -       -       6,887,500       689       181,236       (163,124 )     18,801  
                                                         
 In kind contribution of services
    -       -       -       -       1,300       -       1,300  
                                                         
 Net loss for the the three month period ended September 30, 2011
    -       -       -       -       -       (29,055 )     (29,055 )
                                                         
Balance, September 30, 2011
    -     $ -       6,887,500     $ 689     $ 182,536     $ (192,179 )   $ (8,954 )
 
See accompanying notes to condensed unaudited financial statements.
 
 
F-3

 
 
Hunt For Travel, Inc.
 
(A Development Stage Company)
 
Condensed Statements of Cash Flows
 
(Unaudited)
 
                   
   
For the Three
   
For the Three
   
For the period from December 15, 2009
 
   
Months Ended
September 30,
2011
   
Months Ended
September 30, 2010
   
(inception) to September 30, 2011
 
Cash Flows Used in Operating Activities:
                 
Net Loss
  $ (29,055 )   $ (24,466 )   $ (192,179 )
  Adjustments to reconcile net loss to net cash used in operations
                       
    In-kind contribution of services
    1,300       1,300       9,300  
    Shares issued to founder for services
    -       -       400  
  Changes in operating assets and liabilities:
                       
       (Increase)/Decrease in accounts receivable
    -       1,024       -  
       (Increase)/Decrease in prepaid expenses
    1,500       -       (2,500 )
       Decrease/(Increase) in amounts due from customer
    3,106       -       (513 )
      Increase in accounts payable and accrued expenses
    13,379       2,387       13,379  
Net Cash Used In Operating Activities
    (9,770 )     (19,755 )     (172,113 )
                         
Cash Flows From Financing Activities:
                       
Proceeds from issuance of common stock, net of offering costs
    -       425       173,525  
Net Cash Provided by Financing Activities
    -       425       173,525  
                         
Net Increase (Decrease) in Cash
    (9,770 )     (19,330 )     1,412  
                         
Cash at Beginning of Period
    11,182       143,033       -  
                         
Cash at End of Period
  $ 1,412     $ 123,703     $ 1,412  
                         
Supplemental disclosure of cash flow information:
                       
                         
Cash paid for interest
  $ -     $ -     $ 16  
Cash paid for taxes
  $ 25     $ -     $ 25  
                         
 
See accompanying notes to condensed unaudited financial statements.
 
 
F-4

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)
 

NOTE 1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A)  Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information.  Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.

It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation.  The results for the interim period are not necessarily indicative of the results to be expected for the year.

Hunt for Travel, Inc. (a development stage company) (the "Company") was incorporated in Nevada on December 15, 2009 to design and market enrichment excursions for U.S. travelers. The enrichment component of these trips can be educational, informational or experiential and is tailored to the travelers’ specific interests and tastes. Enrichment travel can also be referred to as adventure travel.

Activities during the development stage include developing the business plan and raising capital.

(B) Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period.  Actual results could differ from those estimates.

(C) Cash and Cash Equivalents

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents.  At September 30, 2011 and June 30, 2011, the Company had no cash equivalents.

(D) Loss Per Share
 
Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.”  As of September 30, 2011 and September 30, 2010 there were no common share equivalents outstanding.

 
F-5

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)

(E) Income Taxes

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”).  Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  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.  Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(F) Business Segments

The Company operates in one segment and therefore segment information is not presented.

(G) Accounts Receivable

Accounts receivable represents obligations from customers that are subject to normal collection terms.  The Company periodically evaluates the collectability of its accounts receivable and considers the need to record an allowance for doubtful accounts based upon historical collection experience and specific customer information. Actual amounts could vary from the recorded estimates. 

(H) Revenue Recognition
 
The Company will recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”.  In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. The Company recognizes revenue derived from travel related transactions on the net basis when the Company is not the merchant of record and the prices and services are determined by and provided by third parties.
 
 
F-6

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)

(I) Concentration of Credit Risk

For the three months ended September 30, 2011, 100% of sales earned were from one Customer.

For the three months ended September 30, 2010, 100% of sales earned were from one Customer.

At September 30, 2011, 100% of accounts receivable were from one Customer.

At June 30, 2011, 100% of accounts receivable were from one Customer.

(J) Fair Value of Financial Instruments
 
The carrying amounts of the Company’s financial instruments including accounts receivable and accounts payable, approximate fair value due to the relatively short period to maturity for these instruments.

(K) Recent Accounting Pronouncments

ASU No. 2011-03; Reconsideration of Effective Control for Repurchase Agreements.  In April, 2011, the FASB issued ASU No. 2011-03. The amendments in this ASU remove from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee. The amendments in this ASU also eliminate the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets.

The guidance in this ASU is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Company will adopt the methodologies prescribed by this ASU by the date required, and does not anticipate that the ASU will have a material effect on its financial position or results of operations.

ASU No. 2011-04; Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.   In May, 2011, the FASB issued ASU No. 2011-04. The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed.  This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRSs.  The amendments in this ASU are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted.
 
 
F-7

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)

The Company will adopt the methodologies prescribed by this ASU by the date required, and does not anticipate that the ASU will have a material effect on its financial position or results of operations.

ASU No. 2011-05; Amendments to Topic 220, Comprehensive Income.  In June, 2011, the FASB issued ASU No. 2011-05. Under the amendments in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income.

The amendments in this ASU should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted, because compliance with the amendments is already permitted. The amendments do not require any transition disclosures. Due to the recency of this pronouncement, the Company is evaluating its timing of adoption of ASU 2011-05, but will adopt the ASU retrospectively by the due date.

On September 15, 2011, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other, which simplifies how an entity is required to test goodwill for impairment. This ASU would allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under the ASU, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The ASU includes a number of factors to consider in conducting the qualitative assessment.  The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  Early adoption is permitted. This standard is not expected to have a material impact on the Company’s reported results of operations or financial position.
 
 
F-8

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)
 
 
NOTE 2
STOCKHOLDERS’ EQUITY

(A) Common Stock Issued for Cash

During the year ended June 30, 2011, the Company issued 22,500 shares of common stock for $2,250 ($0.10/share) and paid $1,825 in offering costs.

For the period ended June 30, 2010, the Company issued 1,865,000 shares of common stock for $186,500($0.10/share) and paid $13,500 in offering costs.  The Company also issued 1,000,000 shares of common stock to its founder for $100 ($0.0001 per share) (See Note 4).

(B) In-Kind Contribution

For the three months September 30, 2011, a shareholder of the Company contributed services having a fair value of $1,300 (See Note 4).

For the year ended June 30, 2011, a shareholder of the Company contributed services having a fair value of $5,200 (See Note 4).

For the year ended September 30, 2010, a shareholder of the Company contributed services having a fair value of $2,800 (See Note 4).

(C) Stock Issued for Services

On December 15, 2009, the Company issued 4,000,000 shares of common stock to its founder having a fair value of $400 ($0.0001/share) based on a recent cash price in exchange for services provided (See Note 4).
 
NOTE 3        COMMITMENTS

On February 8, 2010, the Company entered into a consulting agreement with Europa Capital Investments, LLC to receive administrative and other miscellaneous consulting services.  The Company is required to pay $5,000 a month.  The agreement is to remain in effect unless either party desired to cancel the agreement.
 
NOTE 4        RELATED PARTY TRANSACTIONS
 
For the three months September 30, 2011, a shareholder of the Company contributed services having a fair value of $1,300 (See Note 2(B)).

For the year ended June 30, 2011, a shareholder of the Company contributed services having a fair value of $5,200 (See Note 2(B)).
 
 
F-9

 
 
HUNT FOR TRAVEL, INC.
 (A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2011
(UNAUDITED)
 
 
For the year ended June 30, 2010, a shareholder of the Company contributed services having a fair value of $2,800 (See Note 2(B)).

On December 19, 2009, the Company issued 5,000,000 shares of common stock to its founder having a fair value of $500 ($0.0001/share) in exchange for services and cash (See Note 2 (A) and 2 (C)).

NOTE 5        GOING CONCERN

As reflected in the accompanying condensed unaudited financial statements, the Company is in the development stage with minimal operations, used cash in operations of $172,113 from inception and has a net loss since inception of $192,179. The Company also has a working capital deficiency and stockholders’ deficiency of $8,954 as of September 30, 2011.  This raises substantial doubt about its ability to continue as a going concern.  The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
 
Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.
 
NOTE 6        SUBSEQUENT EVENT

Subsequent to September 30, 2011, the Company received $5,000 from an unrelated party. Pursuant to the terms of the loan, the loan is non-interest bearing, unsecured and is due on demand.
 
 
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ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 
The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our financial statements and notes thereto. This section includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like “believe”, “expect”, “estimate”, “anticipate”, “intend”, “project” and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Plan of Operations

The Company seeks to develop mutually beneficial business relationships with tour operators and other enrichment travel consultants and begin offering programs for sale to U.S. travelers. The Company plans to launch a web site to begin marketing its services online.

The Company plans to cultivate customers through a variety of methods. The Company will attend wedding shows, cruise shows both locally and regionally. This activity should cost about $2,000. Additionally the Company will seek out travel blogs to dialogue with which should cost nothing and will seek paid and free advertising in the Chapel Hill Magazine, 15-501 Magazine and Our State Magazine. The Company anticipates spending no more than $5,000 for the advertising. The Company feels like these marketing and advertising efforts can be accomplished for minimal investment possibly $7,000. The Company is planning to initiate most of the marketing efforts within the next 60 to 90 days.
 
Our initial work thus far includes establishing relationships and validity for the Company with the key industry organizations which was completed over the last 12 months. They include
 
·  
Gaining membership in valid travel-related organizations
o  
CLIA (Cruise Lines International Association, Inc.) membership ($320/yr)
·  
Continue to gain travel knowledge and “be up to date” on information
o  
StarService (agent-only hotel and destination service)  ($250/yr)

o  
TravelWeekly (provides travel professionals with a necessary global perspective through in-depth coverage of every business sector, including airline, car rental, cruise, destination, hotel and tour operator as well as technology, economic and governmental issues.)
 
Recommend Magazine (trade magazine that focuses on worldwide destinations and the travel products within them providing themed issues and hands-on reviews of hotels, destinations and tours, etc.)
o  
As owner operator we spent many hours linking to websites catering to travel information and special rates/fares. Most of this is at no cost other than the time of the president.
 
We provide specific services such as investigating/researching specific companies providing services/destinations clients are interested in - or suggest alternatives.  We likewise investigate/research countries/areas where travel/service is desired.
 
We provide advice regarding safety, insurance, medical needs, passport/visa requirements, alternative sites/companies, better pricing, and different routing to save money. We will make actual travel arrangements as well as provide quotes for travel insurance and apply for visas for clients who wish to purchase these services.
 
 
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Limited Operating History
 
We have generated no independent financial history and have not previously demonstrated that we will be able to expand our business. Our business is subject to risks inherent in growing an enterprise, including limited capital resources and possible rejection of our business model and/or sales methods.
 
For the three Months Ended September 30, 2011 compared to the 3 Months Ended September 30, 2010
 
Results of Operations
 
For the period ended September 30, 2011, we had $50 in revenue compared to $350 for the period ended September 30, 2010. Operating Expenses for the three months ended September 30, 2011 totaled $29,080 resulting in a net loss of $29,055. Operating Expenses for the three months ended September 30, 2010 consisted of $22,952 in professional fees and $1,864 for General and administrative resulting of a net loss of $24,466.
 
Capital Resources and Liquidity
 
As of September 30, 2011 we had $1,412 cash on hand.
 
Carolyn Hunter will be the only employee and sole officer and director initially as the company seeks to generate revenue and will not be taking a salary from the company for the foreseeable future.
 
On February 8, 2010, the Company entered into a consulting agreement to receive administrative and other miscellaneous services.  The Company is required to pay $5,000 a month.  The agreement is to remain in effect unless either party desired to cancel the agreement.
 
·  
Revenue targets
 
The Company is targeting  revenues of $10,000 through the remainder of the year from providing travel consulting to friends and family and charging minimal commissions while the marketing of core services is finalized.
 
·  
Core services
 
The Company provides specific services such as investigating/researching specific companies providing services/destinations clients are interested in - or suggest alternatives. The Company will investigate/research countries/areas where travel/service is desired.
 
We currently do not have enough cash to continue operations for the next 12 months.  If we are unable to satisfy our cash requirements we may be unable to proceed with our plan of operations.  We do not anticipate the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees. The foregoing represents our best estimate of our cash needs based on current planning and business conditions. In the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to proceed with our business plan for the development and marketing of our core services. Should this occur, we will suspend or cease operations.
 
We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern.
 
Our liquidity may be negatively impacted by the significant costs associated with our public company reporting requirements, costs associated with newly applicable corporate governance requirements, including requirements under the Sarbanes-Oxley Act of 2002 and other rules implemented by the Securities and Exchange Commission. We expect all of these applicable rules and regulations to significantly increase our legal and financial compliance costs and to make some activities more time consuming and costly.
 
Critical Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our results of operations, financial position or liquidity for the periods presented in this report.
 
 
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Recent Accounting Pronouncements
 
ASU No. 2011-03; Reconsideration of Effective Control for Repurchase Agreements.  In April, 2011, the FASB issued ASU No. 2011-03. The amendments in this ASU remove from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee. The amendments in this ASU also eliminate the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets.
 
The guidance in this ASU is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Company will adopt the methodologies prescribed by this ASU by the date required, and does not anticipate that the ASU will have a material effect on its financial position or results of operations.
 
ASU No. 2011-04; Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.   In May, 2011, the FASB issued ASU No. 2011-04. The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed.  This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRSs.  The amendments in this ASU are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted.
 
The Company will adopt the methodologies prescribed by this ASU by the date required, and does not anticipate that the ASU will have a material effect on its financial position or results of operations.
ASU No. 2011-05; Amendments to Topic 220, Comprehensive Income.  In June, 2011, the FASB issued ASU No. 2011-05. Under the amendments in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income.
 
The amendments in this ASU should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted, because compliance with the amendments is already permitted. The amendments do not require any transition disclosures. Due to the recency of this pronouncement, the Company is evaluating its timing of adoption of ASU 2011-05, but will adopt the ASU retrospectively by the due date.
 
On September 15, 2011, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other, which simplifies how an entity is required to test goodwill for impairment. This ASU would allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under the ASU, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The ASU includes a number of factors to consider in conducting the qualitative assessment.  The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  Early adoption is permitted. This standard is not expected to have a material impact on the Company’s reported results of operations or financial position.
 
Off-Balance Sheet Arrangements
 
We have no off-balance sheet arrangements.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
 
Not applicable to smaller reporting companies.
 
ITEM 4.  CONTROLS AND PROCEDURES

a)   Evaluation of Disclosure Controls. Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

(b)   Changes in internal control over financial reporting. There have been no changes in our internal control over financial reporting that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 
 
 
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PART II - OTHER INFORMATION
 
Item 1.      Legal Proceedings
 
We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
 
Item 1A.   Risk Factors

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
 
(a)              Exhibits
 
31.1  Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
   
32.1* Certification of the 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 
   
101.INS **
 
XBRL Instance Document
101.SCH **
 
XBRL Taxonomy Schema
101.CAL **
 
XBRL Taxonomy Calculation Linkbase
101.DEF **
 
XBRL Taxonomy Definition Linkbase
101.LAB **
 
XBRL Taxonomy Label Linkbase
101.PRE **
 
XBRL Taxonomy Presentation Linkbase
 
* The certification attached as Exhibit 32.1 accompanying this Quarterly Report on Form 10-Q is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of Hunt For Travel, Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Quarterly Report on Form 10-Q, irrespective of any general incorporation language contained in such filing.
 
** Furnished 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.
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
HUNT FOR TRAVEL, INC.
   
Date: November 14, 2011
By:  
/s/ Carolyn Hunter
   
Carolyn Hunter
   
President,
Principal Executive Officer,
Principal Financial Officer
Principal Accounting Officer, Director
 
 
 
 

 
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