IMK GROUP, INC. - FORM 10-Q - January 10, 2012

Attached files

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EX-32.1 - EXHHIBIT 32.1 - IMK GROUP, INC.	ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - IMK GROUP, INC.	ex31-1.htm
EXCEL - IDEA: XBRL DOCUMENT - IMK GROUP, INC.	Financial_Report.xls

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

For the quarterly period ended November 30, 2011

[ ]	Transition Report under Section 13 or 15(d) of the Exchange Act for the Transition Period from ________ to ___________

Commission File Number: 333-123611

FUTURA PICTURES, INC.

(Exact name of small business issuer as specified in its charter)

Delaware

(State or other jurisdiction of incorporation or organization)

56-2495218

(I.R.S. Employer Identification No.)

17337 Ventura Boulevard, Suite 305

Encino, California 91316

Issuer's Telephone Number: (818) 784-0040

(Address and phone number of principal executive offices)

Indicate by a check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or 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 (ss.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 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 [_]	Smaller reporting company [X]

Check whether the issuer is a “shell company” as defined in Rule 12b-2 of the Securities Exchange Act of 1934. Yes [_] No [X]

The Registrant has 1,599,750 shares of Common stock, par value $.0001 per share issued and outstanding as of December 31, 2011.

INDEX TO QUARTERLY REPORT

ON FORM 10-Q

PART 1	FINANCIAL INFORMATION	Page

Item 1.	Financial Statements (Unaudited)
	Condensed Balance Sheets
	November 30, 2011 and February 28, 2011	4
	Condensed Statements of Operations
	For the Three and Nine Month Periods Ended November 30, 2011 and 2010	5
	Condensed Statements of Shareholders’ Equity (Deficit)
	For the Nine Months Ended November 30, 2011	6
	Condensed Statements of Cash Flows
	For the Nine Months Ended November 30, 2011 and 2010	7
	Notes to Condensed Financial Statements	8

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	12

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17

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		20

PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

(Financial Statements Commence on Following Page)

FUTURA PICTURES, INC.

CONDENSED BALANCE SHEETS

	November 30, 2011 (Unaudited)			February 28, 2011
ASSETS

Cash	$	3,958		$	9,683
Accounts receivable		4,358			3,204
Prepaid expenses		555			828

TOTAL CURRENT ASSETS		8,871			13,715

Deposits		900			900

TOTAL ASSETS	$	9,771		$	14,615



LIABILITIES

Line of credit	$	39,421		$	39,421
Accrued expenses		37,273			35,903
Unearned revenue		14,653			14,590
Accrued interest – related party		16,260			11,382
Loan payable – related party		92,989			72,754

TOTAL LIABILITIES		200,596			174,050

STOCKHOLDERS’ EQUITY (DEFICIT)

Common stock, par value $0.0001 per share Authorized – 100,000,000 shares Issued and outstanding – 1,599,750 shares		160			160
Additional paid-in capital		306,604			275,404
Retained deficit		(497,589	)		(434,999	)

TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		(190,825	)		(159,435	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	9,771		$	14,615

The accompanying notes are an integral part of these financial statements.

FUTURA PICTURES, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED NOVEMBER 30, 2011 AND 2010

(UNAUDITED)

	For the Three Months Ended November 30, 2011			For the Three Months Ended November 30, 2010			For the Nine Months Ended November 30, 2011			For the Nine Months Ended November 30, 2010

REVENUE	$	17,598		$	862		$	58,089		$	16,282

COST OF REVENUE		1,861			130			11,180			2,082

GROSS PROFIT		15,737			732			46,909			14,200

OPERATING EXPENSES
Selling, general and administrative		31,260			15,450			98,260			45,542

TOTAL OPERATING EXPENSES		31,260			15,450			98,260			45,542

(LOSS) FROM OPERATIONS		(15,523	)		(14,718	)		(51,351	)		(31,342	)

OTHER INCOME (EXPENSE)
Other income		283			-			1,487			-
Interest expense		(4,238	)		(1,360	)		(11,926	)		(4,175	)

TOTAL OTHER INCOME (EXPENSE)		(3,955	)		(1,360	)		(10,439	)		(4,175	)

(LOSS) BEFORE INCOME TAXES		(19,478	)		(16,078	)		(61,790	)		(35,517	)

Income tax expense		-			-			800			800

NET (LOSS)	$	(19,478	)	$	(16,078	)	$	(62,590	)	$	(36,317	)

NET (LOSS) PER COMMON SHARE
Basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.02	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic and diluted		1,599,750			1,599,750			1,599,750			1,599,750

The accompanying notes are an integral part of these financial statements.

FUTURA PICTURES, INC.

CONDENSED STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED NOVEMBER 30, 2011

(UNAUDITED)

	Common Stock									Total
	Shares		Amount		Additional Paid-in Capital		Retained Deficit			Stockholders’ Equity (Deficit)
Balance, March 1, 2011		1,599,750	$	160	$	275,404	$	(434,999	)	$	(159,435	)

Contributed services		-		-		31,200		-			31,200

Net (loss) for the nine months ended November 30, 2011		-		-		-		(62,590	)		(62,590	)

Balance, November 30, 2011		1,599,750	$	160	$	306,604	$	(497,589	)	$	(190,825	)

The accompanying notes are an integral part of these financial statements.

FUTURA PICTURES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED NOVEMBER 30, 2011

(UNAUDITED)

	2011			2010

CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$	(62,590	)	$	(36,317	)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:
Amortization expense		271			360
Contributed services		31,200			31,200
Changes in operating assets and liabilities:
Accounts receivable		(1,154	)		1,561
Prepaid expenses		2			4
Accrued expenses		6,311			5,526

NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES		(25,960	)		2,334


CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan payable – related party		24,550			4,500
Repayment of loan payable – related party		(4,315	)		(8,000	)

NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES		20,235			(3,500	)

NET DECREASE IN CASH		(5,725	)		(1,166	)

CASH AT THE BEGINNING OF THE PERIOD		9,683			1,344

CASH AT THE END OF THE PERIOD	$	3,958		$	178

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Interest paid	$	7,048	$	-
Taxes paid	$	800	$	800

FUTURA PICTURES, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOVEMBER 30, 2011 (UNAUDITED)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

Futura Pictures, Inc. (the “Company”) was incorporated under the laws of the state of Delaware on December 10, 2003. The Company was formed to engage in the production and the co-financing of films, documentaries and similar products produced solely for the distribution directly to the domestic and international home video markets.

Effective January 1, 2011, pursuant to an Asset Transfer, Assignment and Assumption Agreement, the Company acquired from Progressive Training, Inc. all its assets and liabilities related to Progressive’s workforce training business.

Presentation

The interim financial statements of the Company are condensed and do not include some of the information necessary to obtain a complete understanding of the financial data. Management believes that all adjustments (consisting of only normal recurring adjustments, unless otherwise noted) necessary for a fair presentation of results have been included in the unaudited financial statements for the interim period presented. Operating results for the nine months ended November 30, 2011 are not necessarily indicative of the results that may be expected for the year ended February 29, 2012. Accordingly, your attention is directed to footnote disclosures found in the February 28, 2011 Annual Report and particularly to Note 1, which includes a summary of significant accounting policies.

Unclassified Balance Sheet

As permitted by ASC Topic 926, the Company has elected to present an unclassified balance sheet.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results could vary materially from management’s estimates and assumptions.

FUTURA PICTURES, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOVEMBER 30, 2011 (UNAUDITED)

Disclosure About Fair Value of Financial Instruments

The Company estimates that the fair value of all financial instruments at November 30, 2011 does not differ materially from the aggregate carrying values of its financial instruments recorded in the accompanying balance sheet. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Recent Pronouncements

There are no recently issued accounting standards with pending adoptions that the Company’s management currently anticipates will have any material impact upon its financial statements.

NOTE 2 SIGNIFICANT UNCERTAINTY REGARDING THE COMPANY’S ABILITY TO CONTINUE AS A GOING CONCERN AND

MANAGEMENT PLANS

The Company has incurred significant losses over recent years and currently has a working capital deficit of approximately $191,000. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company's current financial resources are not considered adequate to fund its planned operations. This condition raises substantial doubt about its ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company's continuation as a going concern currently is dependent upon timely procuring significant external debt and/or equity financing to fund its immediate and near-term operations, and subsequently realizing operating cash flows from sales of its film products sufficient to sustain its longer-term operations and growth initiatives. During the next 12 months the Company will be seeking to produce, or acquire another one or two “self-improvement/educational” DVDs, and to expand their library of workforce training programs.

FUTURA PICTURES, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOVEMBER 30, 2011 (UNAUDITED)

NOTE 3 UNEARNED REVENUE

On August 12, 2009, the Company signed an agreement with Gaiam America, licensing them the distribution rights to "The Five Secrets of Communication That Swept Obama to the Presidency." Under the terms of the agreement, Gaiam America will distribute the DVD throughout the world to the non-educational market. Further, pursuant to the agreement the Company received the $15,000 advance on September 14, 2009. Sales of the DVD under the Gaiam America distribution agreement commenced during the last quarter of fiscal 2010 and the company has recorded $410 of income since the effective date of the agreement, The Company had no significant activity recorded relating to this unearned income as of the nine months ended November 30, 2011.

NOTE 4 RELATED PARTY TRANSACTION

Prepaid Loan Commitment

On February 16, 2005, the Company’s President, Buddy Young, accepted an unsecured promissory note from the Company and agreed to lend up to $100,000 to the Company to fund any cash shortfalls through December 31, 2012. The note bears interest at 8% and is due upon demand, no later than June 30, 2013. The outstanding balance was $92,989 as of November 30, 2011.

NOTE 5 STOCKHOLDERS’ DEFICIT

For the nine months ended November 30, 2011 and 2010, the Company’s President devoted time to the development process of the Company. Compensation expense totaling $31,200 has been recorded in each period. The President has waived reimbursement of $31,200 during each of the nine months ended November 30, 2011 and 2010, respectively, and accordingly the amounts have been recorded as a contribution to capital.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read this section together with our financial statements and related notes thereto included elsewhere in this report. In addition to the historical information contained herein, this report contains forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are not based on historical information but relate to future operations, strategies, financial results or other developments. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. Certain statements contained in this Form 10, including, without limitation, statements containing the words "believe," "anticipate," "estimate," "expect," "are of the opinion that" and words of similar import, constitute "forward-looking statements." You should not place any undue reliance on these forward-looking statements.

You should be aware that our results from operations could materially be effected by a number of factors, which include, but are not limited to the following: economic and business conditions specific to the motion picture, television, and home video industries; competition from other producers of home video content; and television documentaries, our ability to control costs and expenses, access to capital, and our ability to meet contractual obligations. There may be other factors not mentioned above or included elsewhere in this report that may cause actual results to differ materially from any forward-looking information.

CRITICAL ACCOUNTING POLICIES

Our discussion and analysis of our financial condition and results of operations are based upon our statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. In consultation with our Board of Directors, we have identified two accounting policies that we believe are key to an understanding of our financial statements. These are important accounting policies that require management's most difficult, subjective judgment.

Going Concern. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company's current financial resources are not considered adequate to fund its planned operations. This condition raises substantial doubt about its ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company's continuation as a going concern currently is dependent upon timely procuring significant external debt and/or equity financing to fund its immediate and near-term operations, and subsequently realizing operating cash flows from sales of its film products sufficient to sustain its longer-term operations and growth initiatives, including its desired marketing and new potential film screenplays.

Non-Cash Equity Issuances. We periodically issue shares of our common stock in exchange for, or in settlement of, services. Our management values the shares issued in such transactions at either the then market value of our common stock, as determined by the Board of Directors and after taking into consideration factors such as the volume of shares issued or trading restrictions, or the value of the services received, whichever is more readily determinable.

General

In November 2008, the Company commenced production on a 47 minute “self-improvement” DVD entitled, “The 5 Secrets of Communication That Swept Obama to the Presidency.”

The DVD uses video examples of President Barack Obama’s most memorable speeches to illustrate five essential secrets of effective public and personal communication. International communication analyst and coach Richard Greene hosts the DVD and instructs in the system of communication techniques he created. The DVD was completed in February 2009, and is being sold via the internet and through distributors specializing in the sale of product to the educational market, i.e. libraries, universities etc., and to organizations for employee training.

Effective January 1, 2011, pursuant to an Asset Transfer, Assignment and Assumption Agreement, we acquired from Progressive Training, Inc. all its assets and liabilities related to Progressive’s workforce training business.

Three-Month Period Ended November 30, 2011 Compared to Three-Month Period Ended November 30, 2010

Revenues

Our revenues for the three months ended November 30, 2011 were $17,598. Revenues for the three months ended November 30, 2010 were $862. This increase in revenue resulted from the sales income and royalty earned from the marketing and distribution of "The Five Secrets of Communication That Swept Obama to the Presidency,” as well as income derived from the training programs acquired from Progressive Training.

The cost of revenues during the three months ended November 30, 2011, were $1,861. The cost of revenues during the three months ended November 30, 2010, were $130.

Expenses

Selling, general and administrative expenses were $31,260 during the three months ended November 30, 2011 as compared to $15,450 during the three months ended November 30, 2010.

Selling and marketing expenses were $2,017 for the three months ended November 30, 2011 as compared to zero for the three months ended November 30, 2010. These costs are mainly related to the marketing of “The 5 Communication Secrets That Swept Obama to the Presidency” DVD, and the training programs acquired from Progressive.

During the three month period ended November 30, 2011, we incurred a total of $29,243 in general and administrative expenses. This consisted primarily of $10,400 of contributed services by our CEO, Buddy Young, and $13,112 of professional fees incurred for our audited financial statements and related filings. We valued the contributed services from Buddy Young at $100 per hour. During the same period in 2010, we incurred a total of $15,450 general and administrative expenses. This consisted primarily of $10,400 of contributed services by our CEO, Buddy Young, and $4,840 of professional fees incurred for our audited financial statements and related filings.

We incurred $4,238 and $1,360 in interest expense during the three months ended November 30, 2011 and 2010, respectively. Of this amount, $1,794 and $1,360 related to the interest charges we incur on our loan from Buddy Young in each period, respectively. The remaining interest expense relates to a company credit card and our line of credit.

While we cannot guarantee the level of our expenses in the future, we anticipate them to increase as we develop new educational/self improvement DVDs.

Nine-Month Period Ended November 30, 2011 Compared to Nine-Month Period Ended November 30, 2010

Revenues

Our revenues for the nine months ended November 30, 2011 were $58,089. Revenues for the nine months ended November 30, 2010 were $16,282. This increase in revenue resulted from the sales income and royalty earned from the marketing and distribution of "The Five Secrets of Communication That Swept Obama to the Presidency,” as well as income derived from the training programs acquired from Progressive Training.

The cost of revenues during the nine months ended November 30, 2011, was $11,180. The cost of revenues during the nine months ended November 30, 2010, were $2,082.

Expenses

Selling, general and administrative expenses were $98,260 during the nine months ended November 30, 2011 as compared to $45,542 during the nine months ended November 30, 2010.

Selling and marketing expenses were $8,439 for the nine months ended November 30, 2011 as compared to $111 for the nine months ended November 30, 2010. These costs are mainly related to the marketing of “The 5 Communication Secrets That Swept Obama to the Presidency” DVD, and the training programs acquired from Progressive.

During the nine month period ended November 30, 2011, we incurred a total of $89,821 in general and administrative expenses. This consisted primarily of $31,200 of contributed services by our CEO, Buddy Young, and $41,867 of professional fees incurred for our audited financial statements and related filings. We valued the contributed services from Buddy Young at $100 per hour. During the same period in 2010, we incurred a total of $45,431 general and administrative expenses. This consisted primarily of $31,200 of contributed services by our CEO, Buddy Young, and $13,545 of professional fees incurred for our audited financial statements and related filings.

We incurred $11,926 and $4,175 in interest expense during the nine months ended November 30, 2011 and 2010, respectively. Of this amount, $4,878 and $4,175 related to the interest charges we incur on our loan from Buddy Young in each period, respectively. The remaining interest expense relates to a company credit card and our line of credit.

Plan of Operation

During the past twelve months we concentrated our efforts on expanding our domestic and international distribution network to handle the sales and marketing of “The Five Secrets of Communication That Swept Obama to the Presidency,” as well as any future self-improvement/educational programs that we produce or acquire. Additionally, we acquired a library of general workforce/management training programs from Progressive Training, as well as their dba “Advanced Knowledge,” and its website www.advancedknowledge.com.

We anticipate that during the next 12 months our efforts will consist of: (a) raising funds through a private placement sale of equity, to be used for the purpose of adding to our library of programs, (b) improve the functionality and visibility of our website advancedknowledge.com, (c) increase revenue by hiring additional commissioned sales personnel and expand our sub-distributor network, and (d) maximize the product potential of the training programs we recently acquired from Progressive Training by creating new marketing materials.

We expect that cash resulting from the further sales and licensing of “The Five Communication Secrets That Swept Obama to the Presidency,” along with the revenue generated from the sale of our recently acquired programs and the funds provided to us by our president and principal shareholder, under a promissory note dated February 16, 2005, as amended, will be sufficient to fund our cash requirements to continue our efforts through February 2013.

If during the next twelve months our revenue is insufficient to continue operations, and we are unable to raise funds through the sale of additional equity, or from traditional borrowing sources, we may be required to scale back our planned operations, or be forced to totally abandon our business plan and seek other business opportunities in a related or unrelated industry. Such opportunities may include a reverse merger with a privately held company. The result of which could cause the existing shareholders to be severely diluted.

Employees

Due to our very limited financial resources, the Company’s President, Buddy Young, along with Joseph Adelman, and Mel Powell, our Director of acquisitions, work on a part-time basis. We have one part-time employee and one commissioned sales person. Additionally, we regularly utilize the services of independent firms to handle our accounting and certain administrative matters. If and when our capital resource permits, we will hire full-time professional and administrative employees.

Liquidity and Capital Resources

We had a cash balance of $3,958 on November 30, 2011. To date other than funds received from the sale of “The Five Communication Secrets That Swept Obama to the Presidency” and workforce training videos, our only other known cash resource comes from an agreement with our President and majority shareholder to fund any shortfall in cash flow up to $100,000 at 8% interest through December 31, 2012. As of November 30, 2011 the balance owing on this agreement is $92,989. Payment of principal and interest is due on this loan on June 30, 2013.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Based on the nature of our current operations, we have not identified any issues of market risk at this time.

ITEM 4. CONTROLS AND PROCEDURES

The principal executive officer and principal financial officer of the Company, who are the same person (“the Certifying Officer”) with the assistance of advisors, evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in section 240.13a-14(c) and 240.15d-14(c) under the Exchange Act) within 90 days prior to the filing of this report. Based upon the evaluation, the Certifying Officer concludes that the Company’s disclosure controls and procedures are effective in timely alerting management to material information relative to the Company which is required to be disclosed in its periodic filings with the SEC.

There were no significant changes in the Company’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

PART II

OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS None.

ITEM 2.

CHANGES IN 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

31.1

Certification of CEO Pursuant to Securities Exchange Act Rules 13a-14 and 15d-14, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification 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

101.SCH**

XBRL Taxonomy Extension Schema

101.CAL**

XBRL Taxonomy Extension Calculation

101.DEF**

XBRL Taxonomy Extension Definition

101.LAB**

XBRL Taxonomy Extension Labels

101.PRE**

XBRL Taxonomy Extension Presentation

**XBRL

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

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FUTURA PICTURES, INC. (Registrant)
Dated: January 10, 2012	/s/ Buddy Young Buddy Young, President and Chief Executive Officer

IMK GROUP, INC. - FORM 10-Q - January 10, 2012

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IMK GROUP, INC. Reports