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EXCEL - IDEA: XBRL DOCUMENT - GEI GLOBAL ENERGY CORP.Financial_Report.xls
EX-32.1 - EXHIBIT 32.1 - GEI GLOBAL ENERGY CORP.ex32_1.htm
EX-31.1 - EXHIBIT 31.1 - GEI GLOBAL ENERGY CORP.ex31_1.htm


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

x
QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
  
FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2012
 
  
  
 
 
OR                
 
  
  
 
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                    
 

Commission file number 333-171572

                          SUJA MINERALS, CORP.                     
(Exact name of registrant as specified in its charter)
                                            NEVADA                                         
(State or other jurisdiction of incorporation or organization)
10300 W. Charleston Blvd., #13-56
                                          Las Vegas, NV 89135                                             
(Address of principal executive offices, including zip code.)

                                           702-425-2873                                       
(telephone number, including area code)

Check 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 for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.  YES x     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. See the definitions of “large accelerated filer, “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  o
Accelerated filer  o
Non-accelerated filer    o
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 o    NO x

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 19,450,000 shares of common stock as of June 15, 2012.
 


 
 

 
  
TABLE OF CONTENTS
 
 
 PART I. - FINANCIAL INFORMATION
   
 Page
     
ITEM 1
FINANCIAL STATEMENTS 
3
     
 
Balance Sheets as of April 30, 2012 (unaudited) and October 31, 2011
3
     
 
Unaudited Statements of Operations for the three and six month periods
ended April 30, 2012  and the periods from April 28, 2010 (inception) to
April 30, 2012
4
     
 
Unaudited Statements of Cash Flows for the six month period ended April
30,  2012 and the periods from April 28, 2010 (inception) to April 30, 2012
5
     
 
Condensed Notes to Interim Financial Statements
6
     
ITEM 2
Management’s Discussion and Analysis of Financial Condition and Results
of Operations
10
     
ITEM 3
Quantitative and Qualitative Disclosures about Market Risk
12
     
ITEM 4
Controls and Procedures
12
     
 PART II
OTHER INFORMATION
12
     
ITEM 1A
Risk Factors
12
     
ITEM 4
Mine Safety Disclosures 12
     
ITEM 6 
Exhibits
12
     
INDEX TO EXHIBITS
12
   
SIGNATURES
  13
 
 
2

 
 
SUJA MINERALS CORPORATION
 
(AN EXPLORATION STAGE COMPANY)
 
BALANCE SHEETS
 
(unaudited)
 
             
             
   
April 30,
   
October 31,
 
   
2012
   
2011
 
ASSETS
 
(unaudited)
   
(audited)
 
             
Current assets:
  $ -     $ -  
                 
Other assets:
               
Property option - related party
    128,478       128,478  
Total other assets
    128,478       128,478  
                 
Total assets
  $ 128,478     $ 128,478  
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
               
                 
Current liabilities:
               
Accounts payable
  $ 35,439     $ 31,345  
Accrued payroll
    20,000       20,000  
Accrued interest payable - related party
    1,492       788  
Accrued interest payable
    94       -  
Notes payable - related party
    27,708       27,153  
Notes payable
    15,000       -  
Total current liabilities
    99,733       79,286  
                 
Total liabilities
    99,733       79,286  
                 
Stockholders' equity:
               
Common stock, $0.001 par value, 75,000,000 shares
               
authorized, 19,450,000 shares issued and outstanding
    19,450       19,450  
Additional paid-in capital
    175,050       175,050  
Deficit accumulated during exploration stage
    (165,755 )     (145,308 )
Total stockholders' equity
    28,745       49,192  
                 
Total liabilities and stockholders' equity
  $ 128,478     $ 128,478  
 
See Accompanying Notes to Financial Statements.
 
 
3

 
 
SUJA MINERALS CORPORATION
 
(AN EXPLORATION STAGE COMPANY)
 
STATEMENTS OF OPERATIONS
 
(unaudited)
 
                               
                               
   
For the
   
For the
   
For the
   
For the
   
Inception
 
   
three months
   
three months
   
six months
   
six months
   
(April 28, 2010)
 
   
ended
   
ended
   
ended
   
ended
   
to
 
   
April 30,
   
April 30,
   
April 30,
   
April 30,
   
April 30,
 
   
2012
   
2011
   
2012
   
2011
   
2012
 
                               
                               
Revenue
  $ -     $ -     $ -     $ -     $ -  
                                         
Operating expenses:
                                       
General and administrative
    3,450       132       3,450       297       3,902  
General and administrative - related party
    -       -       -       -       30,112  
Professional fees
    8,849       3,650       16,135       26,450       130,195  
Total operating expenses
    12,299       3,782       19,585       26,747       164,209  
                                         
Loss from operations
    (12,299 )     (3,782 )     (19,585 )     (26,747 )     (164,209 )
                                         
Other income (expense):
                                       
Foreign currency transaction gain
    -       -       -       -       104  
Interest expense
    (94 )     -       (158 )     -       (158 )
Interest expense - related party
    (354 )     (90 )     (704 )     (201 )     (1,492 )
Total other income (expense)
    (448 )     (90 )     (862 )     (201 )     (1,546 )
                                         
Net loss
  $ (12,747 )   $ (3,872 )   $ (20,447 )   $ (26,948 )   $ (165,755 )
                                         
                                         
Weighted average number of common
    19,450,000       19,343,258       19,450,000       19,270,442          
shares outstanding - basic
                                       
                                         
Net loss per share - basic
  $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.00 )        
 
See Accompanying Notes to Financial Statements.
 
 
4

 
 
SUJA MINERALS CORPORATION
 
(AN EXPLORATION STAGE COMPANY)
 
STATEMENTS OF CASH FLOWS
 
(unaudited)
 
                   
                   
   
For the
   
For the
   
Inception
 
   
six months
   
six months
   
(April 28, 2010)
 
   
ended
   
ended
   
to
 
   
April 30,
   
April 30,
   
April 30,
 
   
2012
   
2011
   
2012
 
                   
CASH FLOWS FROM OPERATING ACTIVITIES
                 
Net loss
  $ (20,447 )   $ (26,948 )   $ (165,755 )
Adjustments to reconcile net loss
                       
to net cash used in operating activities:
                       
Shares issued for services
    -       -       10,000  
Changes in operating assets and liabilities:
                       
Decrease in prepaid expenses
    -       1,075       -  
Increase in accounts payable
    4,094       965       35,439  
Increase in accrued payroll
    -       7       20,000  
Decrease in accrued interest payable - related party
    704       194       1,492  
Decrease in accrued interest payable
    94       -       94  
                         
Net cash used in operating activities
    (15,555 )     (24,707 )     (98,730 )
                         
CASH FLOWS FROM INVESTING ACTIVITIES
                       
Purchase of property option - related party
    -       -       (1,755 )
                         
Net cash used in investing activities
    -       -       (1,755 )
                         
CASH FLOWS FROM FINANCING ACTIVITIES
                       
Increase in bank overdraft
    -       -       -  
Proceeds from notes payable - related party
    555       430       985  
Proceeds from notes payable
    15,000       -       15,000  
Advances
            2,750          
Proceeds from sale of common stock, net of offering costs
    -       10,000       84,500  
                         
Net cash provided by financing activities
    15,555       13,180       100,485  
                         
NET CHANGE IN CASH
    -       (11,527 )     -  
                         
CASH AT BEGINNING OF PERIOD
    -       11,535       -  
                         
CASH AT END OF YEAR
  $ -     $ 8     $ -  
                         
SUPPLEMENTAL INFORMATION:
                       
Interest paid
  $ -     $ -     $ -  
Income taxes paid
  $ -     $ -     $ -  
                         
Non-cash activities:
                       
Shares issued for property option - related party
  $ -     $ -     $ 100,000  
Note payable - related party issued for purchase of
                       
property option, net of payments of $1,755
  $ -     $ -     $ 26,723  
 
See Accompanying Notes to Financial Statements.
 
 
5

 
SUJA MINERALS CORPORATION
(AN EXPLORATION STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
 
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation
The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.
 
These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the period ended October 31, 2011 and notes thereto included in the Company’s 10-K annual report. The Company follows the same accounting policies in the preparation of interim reports.
 
Results of operations for the interim period are not indicative of annual results.

Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.

Cash and cash equivalents
For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.

Stock-based compensation
The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. 
 
The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.

Earnings per share
The Company follows ASC Topic 260 to account for the earnings per share. Basic earning per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
 
 
6

 
SUJA MINERALS CORPORATION
(AN EXPLORATION STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent pronouncements
The Company has evaluated all the recent accounting pronouncements through June 2012 and believes that none of them will have a material effect on the Company’s financial statement.

NOTE 2 – GOING CONCERN
 
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. As noted above, the Company is in the development stage and, accordingly, has not yet generated revenues from operations. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and incurring start up costs and expenses. As a result, the Company incurred accumulated net losses from Inception (April 28, 2010) through the period ended April 30, 2012 of ($165,755). In addition, the Company’s development activities since inception have been financially sustained through equity financing.
 
The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

NOTE 3 – PROPERTY OPTION

On August 9, 2010, the Company executed an option to acquire a 100% undivided interest on mineral claims in Canada.  As part of the agreement, the Company agreed to issue 10,000,000 shares of common stock valued at $0.01 per share and issued a promissory note for $8,400 which was due by August 31, 2010.   The second payment of $76,800 was due by August 31, 2011.  The Company agreed to payments of $50,000 due by August 31, 2012 and payments of $50,000 for the next four years.  The Company must pay $250,000 per year for the following five year periods until such time as the project is abandoned or put into production.  The options will be deemed exercised upon satisfaction of all the above stated terms; at which point the Company will have acquired 100% interest in the property.  Once it is put into production, the payments of $250,000 per year will cease and the Company will pay $3 per ton adjusted annual by the Canadian Cost of Living Index.
 
As of October 31, 2010, the Company issued 10,000,000 shares of common stock and has paid a total of $1,755 as part of the agreement.  As a result of the transaction, the counterparty is now considered a related party since it is a shareholder of the Company.
 
On June 15, 2011, the Company renegotiated the payment terms of the option agreement.  The promissory note was amended to account for the increase in the payment amount in the amended option agreement.  See Note 4 for details of the promissory note.  The counterparty retained the 10,000,000 shares of common stock and the first payment has increased to CAD $26,000 and is due on April 30, 2012.  The second payment of CAD $76,800 is due on August 31, 2013.  The Company agreed to payments of $50,000 due by August 31, 2014 and payments of $50,000 for the next four years.  The Company must pay $250,000 per year for the following five year periods until such time as the project is abandoned or put into production.  The options will be deemed exercised upon satisfaction of all the above stated terms; at which point the Company will have acquired 100% interest in the property.  Once it is put into production, the payments of $250,000 per year will cease and the Company will pay $3 per ton adjusted annual by the Canadian Cost of Living Index.

On April 15, 2012, the Company renegotiated the payment terms of the option agreement.  The first payment of $26,000 is due on July 31, 2012.  The second payment of $76,800 is due on August 31, 2012.  The rest of the terms remain the same.
 
 
7

 
SUJA MINERALS CORPORATION
(AN EXPLORATION STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
 
NOTE 3 – PROPERTY OPTION (CONTINUED)

As of April 30, 2012, the Company has an outstanding principal amount of $27,708 in notes payable – related party, related to the agreement.

NOTE 4 – NOTES PAYABLE – RELATED PARTY

Note Payable with Officer, Director and Shareholder

On February 14, 2011, the Company had a verbal arrangement with Matt Reams, an officer, director and shareholder of the Company, for a total of $430.  During the three months ended January 31, 2012, the Company received an additional loan from Matt Reams for $555.  The unsecured loan is due upon demand and bears interest at 8% per annum.

During the three months ended April 30, 2012, the interest expense totaled $20.  During the three months ended April 30, 2011, the interest expense totaled $7.  During the six months ended April 30, 2012, the interest expense totaled $36.  During the six months ended April 30, 2011, the interest expense totaled $7.  As of April 30, 2012, the Company had accrued interest of $60.

Note Payable with Shareholder

On August 9, 2010, the Company executed a promissory note for $8,400.  The loan was due on August 9, 2011 and bears interest at 5% per annum.  The Company paid a total of $1,755 in principal payments and the accrued interest on the loan commenced on September 1, 2010.  On June 15, 2011, the promissory note was amended and increased to CAD $26,000 which is approximately $26,723.  The increase in the loan amount was due to the increase in the amended property option.  See Note 3.  The loan is due on August 31, 2012 and bears interest at 5% per annum.

During the three months ended April 30, 2012, the interest expense totaled $334.  During the three months ended April 30, 2011, the interest expense totaled $83.  During the six months ended April 30, 2012, the interest expense totaled $668.  During the six months ended April 30, 2011, the interest expense totaled $194.  As of April 30, 2012, the Company had accrued interest of $1,432.

NOTE 5 – NOTES PAYABLE

On March 15, 2012, the Company executed a promissory note for $15,000.  The loan is due on March 15, 2013 and bears interest at 5% per annum.

During the three months ended April 30, 2012, the interest expense totaled $94.  During the three months ended April 30, 2011, the interest expense totaled $0.  During the six months ended April 30, 2012, the interest expense totaled $94.  During the six months ended April 30, 2011, the interest expense totaled $0.  As of April 30, 2012, the Company had accrued interest of $94.

NOTE 6 – STOCKHOLDERS’ EQUITY
 
The Company is authorized to issue 75,000,000 shares of its $0.001 par value common stock.

Common Stock
 
On April 28, 2010, the Company issued an officer and director of the Company 1,000,000 shares of its $0.001 par value common stock at a price of $0.001 per share for services of $10,000.
 
 
8

 
SUJA MINERALS CORPORATION
(AN EXPLORATION STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
 
NOTE 6 – STOCKHOLDERS’ EQUITY (CONTINUED)

On October 13, 2010, the Company issued 7,200,000 shares of its common stock for cash of $74,500.  The Company had 250,000 shares unissued valued at $2,500 in common stock payable.  During March 2011, the Company issued the remaining 250,000 shares and reduced the entire balance of common stock payable.

On October 13, 2010, the Company issued 1,000,000 shares of its common stock for subscriptions receivable of $10,000.  The Company received $10,000 from the investor in November 2010.

On October 13, 2010, the Company issued 10,000,000 shares of its common stock for property option valued at $100,000 based on the fair value of the common stock.

On November 30, 2010, the Company received $10,000 from an investor and reduced the entire balance of subscriptions receivable balance for shares issued during October 2010. 

On March 11, 2011, the Company issued 250,000 shares of common stock to an investor for cash received during October 2010.  Upon issuance of the shares, the Company reduced the entire balance of common stock payable.
 
During the six months ended April 30, 2012, there have been no other issuances of common stock.

NOTE 7 – WARRANTS AND OPTIONS

As of April 30, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.

NOTE 8 – RELATED PARTY TRANSACTIONS

On April 28, 2010, the Company issued an officer and director of the Company 1,000,000 shares of its $0.001 par value common stock at a price of $0.001 per share for services of $10,000.

On June 15, 2011, the Company authorized a bonus of $20,000 for the President of the Company.  As of April 30, 2012, the entire amount was unpaid and is recorded to accrued payroll.
 
 
9

 
 
ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

This section of this report 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, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Plan of Operation

We are a start-up corporation and have not yet generated or realized any revenues from our business operations.  

12 month Plan
 
Our plan of operation for the next 12 months will be to complete the recommended  two Phases of the exploration work program on the Crawford Creek mineral property consisting of 1, prospecting, trenching and sampling and , 2, diamond drilling. We anticipate that the total cost of these exploration programs will be approximately $86,904.  In addition, under our renegotiated option agreement, we will need to pay $26,312 (at an exchange rate of $1 CAD to $1.012 USD) to the property vendor on or before July 31, 2012.
 
We plan to commence Phase 1 of the recommended exploration program on the Crawford Creek in 2nd half of 2012.   This initial exploration program consists of prospecting, trenching and soil sampling. This initial Phase 1 program is anticipated to be completed in approximately two months at a cost of approximately $8,568.
 
We will then review results and information from the completed phase 1 of the exploration work program on the Crawford Creek and, based on positive results and recommendations, we plan to commence Phase two of the recommended exploration program consisting of diamond drilling. The drilling program is anticipated to be completed approximately 10 months following completion of phase 1 at a cost of approximately $78,336.
 
After Phase II is completed, we will review findings from the diamond drilling program on the Crawford Creek property and will proceed with additional exploration work program that may be recommended by our professional Geologist or Engineer.  Management estimates that it would then take another $350,000 of drilling costs to outline sufficient tonnage to commence production from the property, although there is no assurance that $350,000 or any amount of drilling costs will prove up a mineral resource at Crawford Creek.

If an economic resource is established through drilling, there will be substantial additional costs to place the property in production, such as the costs of permitting, bonding, equipment and working capital, which costs cannot be estimated until such time as the Crawford Creek mineral resource, if any, has been explored and is better understood.
 
We do not have any verbal or written agreement regarding the retention of any qualified engineer or geologist for the recommended two phases exploration program.
 
We will require additional funding in order to cover phase one of the exploration program, as well as administrative expenses and to proceed with the recommended phase two exploration program and any additional exploration programs that may be recommended as a result of findings of the initial two phases of the exploration work on the Crawford Creek property.
 
 
10

 

Business Plan Risks

The Company’s business plan is prone to significant risks and uncertainties which could have an immediate impact on its efforts to generate a positive net cash flow and could deter the anticipated exploration and development of its mining interests. Historically, the Company has not generated sufficient cash flow to sustain operations and has had to rely on debt or equity financing to remain in business. Therefore, we cannot offer future expectations that any interests owned by the Company will be commercially developed or that its operations will be sufficient to generate the revenue required. Should we be unable to generate cash flow, the Company may be forced to seek additional debt or equity financing as alternatives to the cessation of operations. The success of such measures can in no way be assured.  Inherently, in the exploration of mineral properties, there are substantial risks which the Company may not be able to mitigate and could result in a cessation of operations.

 Going Concern

Our auditors have issued a going concern opinion.  This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills.  This is because we have not generated any revenues and no revenues are anticipated until we begin operations.  There is no assurance we will ever reach this point.  Accordingly, we must raise cash from sources other than operations.       

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance.  We have not generated any revenues from operations.  We cannot guarantee we will be successful in our business operations.  Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in goods and services.  We need additional capital to operate during the next twelve months.

To become profitable and competitive, we have to explore our Crawford Creek mining claims and, if economically feasible, develop and open a mine.  

Equity financing could result in additional dilution to existing shareholders.

As of the date of this report, we have yet to begin operations and therefore have not generated any revenues.

Liquidity and Capital Resources

As of  April 30, 2012, our total assets were $128,478, including cash of $0.  Our total liabilities were $99,733.  If we are unable to raise additional cash we will either have to suspend operations until we do raise the cash, or cease operations entirely.  As of the date of this report, we have not initiated revenue-producing operations. 
 
Results of Operations

Period from April 28, 2010 to April 30, 2012:

Since the Company’s original inception on April 28, 2010, we have not generated any revenues.  Our expenses from that inception through April 30, 2012 were $165,755.

 
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Three and Six Month Periods Ending April 30, 2012:

In the three and six month periods ending April 30, 2012, the loss from continuing operations was $12,747 and 20,447, respectively. The Company’s most significant expense was for professional fees associated with its SEC Registration Statement on S-1, which were largely paid during the six month period ending April 30, 2011, with the result that professional fees were lower during the six months ended April 30, 2012.  We have had ongoing professional fees payable as a result of becoming a public company.

Recent Accounting Pronouncements

The Company has analyzed the Accounting Standards Updates that were issued after April 30, 2012 and have determined that none are anticipated to have a material impact on the Company’s financial position or results of operations.

ITEM 3.        QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
  
ITEM 4.        CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report.  Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were not effective during the quarter ended April 30, 2012.

There were no changes in our internal control over financial reporting during the quarter ended April 30, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 
 
PART II. OTHER INFORMATION

ITEM 1A.     RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4. MINE SAFETY DISCLOSURES

The exploration activities of the Company are yet to start; hence the mine safety disclosures are not applicable.

ITEM 6.        EXHIBITS.

The following documents are included herein:

Exhibit
No.
 
Document Description
  
 
  
31.1
 
Certification of Principal Executive Officer and Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002
  
 
  
32.1
 
Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
  
 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this 19th day of June, 2012.

 
SUJA MINERALS, CORP.
  
  
  
  
  
  
  BY: MATT REAMS  
       
 
/s/
MATT REAMS            
  
  
  
President and
Principal Executive Officer  
and
  
  
  
  
  
  
  
  
  
  BY: MATT REAMS  
       
  
/s/
MATT REAMS                   
  
  
  
Chief Financial Officer and
Principal Financial Officer
  


 
 
 
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