Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 31, 2012
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934
For the transition period from __________ to __________
Commission file number: 000-54392
PACIFIC CLEAN WATER TECHNOLOGIES,
INC.
(formerly Unseen Solar, Inc.)
(Exact name of registrant as specified in its charter)
Delaware | 27-1662208 |
(State or other jurisdiction | (IRS Employer Identification No.) |
of Incorporation or organization) |
650 N. Rose Drive #607
Placentia, CA 92870
(Address of principal executive offices and zip code)
(714) 809-7881
(Registrant's 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
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days.
Yes [X] No
[ ]
Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
Large accelerated filer [ ] | Accelerated filer [ ] |
Non-accelerated filer [ ] | Smaller reporting company [X] |
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act).
Yes
[X] No [ ]
As of December 17, 2012, there were 300,000,000 shares of common stock issued and outstanding.
Pacific Clean Water Technologies, Inc.
(formerly
Unseen Solar, Inc.)
Form 10-Q
For the Three and Nine Months Ended October 31, 2012
INDEX
PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Balance Sheets
(Unaudited)
October 31, | January 31, | |||||
2012 | 2012 | |||||
ASSETS | ||||||
CURRENT ASSETS | ||||||
Cash | $ | - | $ | 172 | ||
Prepaid expenses | 319 | - | ||||
Total Current Assets | 319 | 172 | ||||
TOTAL ASSETS | $ | 319 | $ | 172 | ||
LIABILITIES AND STOCKHOLDERS DEFICIT | ||||||
CURRENT LIABILITIES | ||||||
Accounts payable and accrued liabilities | $ | 1,731 | $ | 120 | ||
Accrued interest | 659 | 252 | ||||
Loans payable | 34,642 | - | ||||
Notes payable related party due in one year | - | 2,400 | ||||
Total Current Liabilities | 37,032 | 2,772 | ||||
Notes payable related party | 15,701 | 7,550 | ||||
TOTAL LIABILITIES | 52,733 | 10,322 | ||||
STOCKHOLDERS DEFICIT | ||||||
Preferred stock, 20,000,000
shares authorized at par value of $0.0001, no shares issued and outstanding |
- | - | ||||
Common stock, 500,000,000 shares authorized
at par value of $0.0001, 120,000,000 shares issued and outstanding |
12,000 | 12,000 | ||||
Additional paid-in capital | 13,000 | 13,000 | ||||
Deficit accumulated during the development stage | (77,414 | ) | (35,150 | ) | ||
TOTAL SHAREHOLDERS DEFICIT | (52,414 | ) | (10,150 | ) | ||
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $ | 319 | $ | 172 |
The accompanying notes are an integral part of these unaudited financial statements.
1
PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Statements of
Operations
(Unaudited)
January 8, 2010 | |||||||||||||||
(inception) | |||||||||||||||
For the Three Months | For the Nine Months | through October | |||||||||||||
Ended October 31, | Ended October 31, | 31, | |||||||||||||
2012 | 2011 | 2012 | 2011 | 2012 | |||||||||||
REVENUE | $ | - | $ | $ | - | - | $ | - | |||||||
OPERATING EXPENSES | |||||||||||||||
General and administrative | 4,052 | 1,748 | 6,186 | 4,813 | 20,295 | ||||||||||
Professional fees | 27,710 | 1,800 | 35,660 | 9,200 | 56,460 | ||||||||||
LOSS BEFORE OTHER ITEM | (31,762 | ) | (3,548 | ) | (41,856 | ) | (14,013 | ) | (76,755 | ) | |||||
OTHER ITEM | |||||||||||||||
Interest expense | (138 | ) | (24 | ) | (408 | ) | (72 | ) | (659 | ) | |||||
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) | $ | (31,900 | ) | $ | (3,572 | ) | $ | (42,264 | ) | $ | (14,085 | ) | $ | (77,414 | ) |
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | |||
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED | 120,000,000 | 120,000,000 | 120,000,000 | 120,000,000 |
The accompanying notes are an integral part of these unaudited financial statements.
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PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Statements of
Stockholders' Deficit
(Unaudited)
Deficit | |||||||||||||||
Accumulated | |||||||||||||||
Additional | During the | Total | |||||||||||||
Common Stock | Paid-in | Development | Stockholders | ||||||||||||
Shares | Amount | Capital | Stage | Deficit | |||||||||||
Balance, January 8, 2010 (Inception) | - | $ | - | $ | - | $ | - | $ | - | ||||||
Common stock issued, January 12, 2010 at $0.0025 per share | 80,000,000 | 8,000 | (3,000 | ) | - | 5,000 | |||||||||
Loss for the period beginning January 8, 2010 (inception) to January 31, 2010 | - | - | - | (600 | ) | (600 | ) | ||||||||
Balance, January 31, 2010 | 80,000,000 | 8,000 | (3,000 | ) | (600 | ) | 4,400 | ||||||||
Common stock issued, November 26, 2010 at $0.02 per share | 40,000,000 | 4,000 | 16,000 | - | 20,000 | ||||||||||
Net Loss, year ended January 31, 2011 | - | - | - | (17,012 | ) | (17,012 | ) | ||||||||
Balance, January 31, 2011 | 120,000,000 | 12,000 | 13,000 | (17,612 | ) | 7,388 | |||||||||
Net Loss, year ended January 31, 2012 | - | - | - | (17,538 | ) | (17,538 | ) | ||||||||
Balance, January 31, 2012 | 120,000,000 | 12,000 | 13,000 | (35,150 | ) | (10,150 | ) | ||||||||
Net Loss, nine months ended October 31, 2012 | - | - | - | (42,264 | ) | (42,264 | ) | ||||||||
Balance, October 31, 2012 (Unaudited) | 120,000,000 | $ | 12,000 | $ | 13,000 | $ | (77,414 | ) | $ | (52,414 | ) |
The accompanying notes are an integral part of these unaudited financial statements.
3
PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Statements of Cash
Flows
(Unaudited)
January 8, 2010 | |||||||||
(inception) through | |||||||||
For the Nine Months Ended October 31, | October 31, | ||||||||
2012 | 2011 | 2012 | |||||||
OPERATING ACTIVITIES | |||||||||
Net loss | $ | (42,264 | ) | $ | (14,085 | ) | $ | (77,414 | ) |
Changes in operating assets and liabilities | |||||||||
Prepaid expenses | - | ||||||||
Accounts payable and accrued liabilities | 35,934 | (8 | ) | 36,054 | |||||
Accrued interest | 407 | 73 | 659 | ||||||
Net Cash Used in Operating Activities | (5,923 | ) | (14,020 | ) | (40,701 | ) | |||
FINANCING ACTIVITIES | |||||||||
Proceed from notes payable related party | 10,000 | 4,250 | 26,950 | ||||||
Repayment of notes payable related party | (4,249 | ) | - | (11,249 | ) | ||||
Proceed from issuance of common stock | - | - | 25,000 | ||||||
Net Cash Provided by Financing Activities | 5,751 | 4,250 | 40,701 | ||||||
NET INCREASE (DECREASE) IN CASH | (172 | ) | (9,770 | ) | - | ||||
CASH AT BEGINNING OF PERIOD | 172 | 9,979 | - | ||||||
CASH AT END OF PERIOD | $ | - | $ | 209 | $ | - | |||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||||||||
Non-cash investing and financing activities: | |||||||||
Account Payable paid by Third Party Loan | $ | 34,642 | $ | - | $ | 34,642 | |||
CASH PAID FOR: | |||||||||
Interest | $ | - | $ | - | $ | - | |||
Income Taxes | $ | - | $ | - | $ | - |
The accompanying notes are an integral part of these unaudited financial statements.
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PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Notes to the
Financial Statements
October 31, 2012
(Unaudited)
NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS
Unseen Solar, Inc. (the Company) was incorporated on January 8, 2010 under the laws of the State of Delaware to enter into the solar energy industry. The Companys activities to date have been limited to organization and capital. The Company has been in the development stage since its formation and has not yet realized any revenues from its planned operations. The Companys fiscal year end is January 31.
On November 13, 2012, the Company purchased Western Water Consultants, Inc. In accordance with the terms of the Agreement, the Company issued an aggregate of 180,000,000 common shares to the Selling Shareholders in consideration for 100% of the issued and outstanding capital stock of Western.
On December 12, 2012, the Company changed its name to: Pacific Clean Water Technologies, Inc.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Interim Financial Statements
The unaudited financial
statements as of October 31, 2012 and for the three and nine months ended
October 31, 2012 and 2011 have been prepared in accordance with accounting
principles generally accepted in the United States for interim financial
information in accordance with Securities and Exchange Commission (SEC)
Regulation S-X rule 8-03 and should be read in conjunction with the audited
financial statements and notes thereto contained in the Companys last Annual
Report filed with the SEC on Form 10-K for the year ended January 31, 2012. In
the opinion of management, the unaudited financial statements have been prepared
on the same basis as the annual financial statements and reflect all
adjustments, which include normal recurring adjustments, necessary to present
fairly the financial position as of October 31, 2012 and the results of
operations and cash flows for the periods then ended. The financial data and
other information disclosed in these notes to the interim financial statements
related to the period are unaudited. The results for the three and nine month
period ended October 31, 2012, are not necessarily indicative of the results to
be expected for any subsequent quarters or for the entire year ending January
31, 2013. Notes to the unaudited interim financial statements that would
substantially duplicate the disclosures contained in the audited financial
statements for the most recent fiscal year as reported in the Form 10-K have
been omitted.
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 estimates and assumptions
that affect the reported amounts of 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 from those estimates.
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PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Notes to the
Financial Statements
October 31, 2012
(Unaudited)
NOTE 3 GOING CONCERN
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern. However, the Company has a working capital deficit of $36,713 at October 31, 2012, has not generated any revenue since inception and has an accumulated deficit of $77,414 at October 31, 2012. The Company currently has limited liquidity and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt about the Companys ability to continue as a going concern.
Management anticipates that the Company will be dependent, for the near future, on additional investment capital, primarily from its shareholders, to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
NOTE 4 LOANS PAYABLE
During the nine months ended October 31, 2012, accounts payable of $34,642 were paid directly by a third party. The loans are unsecured, bear no interest and are due on demand.
6
PACIFIC CLEAN WATER TECHNOLOGIES, INC.
(formerly
UNSEEN SOLAR, INC.)
(A Development Stage Company)
Notes to the
Financial Statements
October 31, 2012
(Unaudited)
NOTE 5 NOTES PAYABLE RELATED PARTY
Since inception the Company received cash totaling $26,950 from EFM Venture Group, Inc. and made repayments of $11,249 in cash. EFM Venture Group, Inc. is 100% owned by a former director. As of October 31, 2012, the amount due to EFM Venture Group was $15,701.
Through July 31, 2010, the Company received a $7,000 loan. This loan is at 4% interest with principal and interest all due on July 31, 2012. On November 7, 2010, the Company made a payment of $7,000 to EFM Venture Group. As of October 31, 2012, accrued interest is $100.
On October 6, 2010, the Company received a $2,400 loan. This loan is at 4% interest with principal and interest all due on October 6, 2012. On May 18, 2012, the Company made a payment of $2,400 to EFM Venture Group. As of October 31, 2012, accrued interest is $148.
On October 31, 2011, the Company received a $4,250 loan. This loan is at 2% interest with principal and interest all due on November 14, 2013. As of October 31, 2012, accrued interest is $85.
On January 3, 2012, the Company received a $3,300 loan. This loan is at 4% interest with principal and interest all due on January 3, 2014. On May 18, 2012, the Company made a partial repayment of $1,849 to EFM Venture Group. As of October 31, 2012, accrued interest is $75.
On March 5, 2012, the Company received a $4,000 loan. This loan is at 4% interest with principal and interest all due on March 5, 2014. As of October 31, 2012, accrued interest is $105.
On March 22, 2012, the Company received a $6,000 loan. This loan is at 4% interest with principal and interest all due on March 22, 2014. As of October 31, 2012, accrued interest is $146.
NOTE 6 SUBSEQUENT EVENTS
On December 05, 2012, the Company authorized the issuance of a 40-1 stock dividend to holders of the Companys common stock. Pursuant to the dividend, the Company will issue thirty nine shares of Company common stock for each share of common stock issued and outstanding. The stock dividend will be mailed directly to shareholders without any further action on their part. The dates for the stock dividend are as follows: Record Date: 12/5/12; Payment Date: 12/6/12; Ex Date: 12/7/12. All share amounts in these financial statements have been retroactively revised to reflect this dividend.
On November 13, 2012, the Company purchased Western Water Consultants, Inc. In accordance with the terms of the Agreement, the Company issued an aggregate of 180,000,000 common shares to the Selling Shareholders in consideration for 100% of the issued and outstanding capital stock of Western.
On December 12, 2012, the Company changed its name to: Pacific Clean Water Technologies, Inc.
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Item 2. Management's Discussion and Analysis or Plan of Operations.
The following discussion and analysis of our financial condition as of October 31, 2012. Our results of operations should be read in conjunction with our unaudited financial statements and notes thereto included elsewhere in this report and the audited financial statements and the notes thereto included in our Form 10-K for the year ended January 31, 2012.
Forward-Looking Statements
This report contains forward-looking statements that involve risk and uncertainties. We use words such as anticipate", "believe", "plan", "expect", "future", "intend", and similar expressions to identify such forward-looking statements. Investors should be aware that all forward-looking statements contained within this filing are good faith estimates of management as of the date of this filing. 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.
RESULTS OF OPERATIONS
We are a development stage company and have generated no revenues since inception (January 8, 2010) and have incurred $77,414 in expenses through October 31, 2012. For the three months ended October 31, 2012 we incurred $31,786 in operating expenses, $138 in interest expense and had a foreign exchange gain of $24 compared to $3,548 in operating expenses and $24 in interest expense for the three months ended October 31, 2011. For the nine months ended October 31, 2012 we incurred $41,880 in operating expenses, $408 in interest expense and had a foreign exchange gain of $24 compared to $14,013 in operating expenses and $72 in interest expense for the nine months ended October 31, 2011.
The following table provides selected data about our company for the period ended October 31, 2012.
Balance Sheet Data: | October 31, 2012 | ||
Total assets | $ | 319 | |
Total liabilities | $ | 52,733 | |
Total shareholders deficit | $ | (52,414 | ) |
Cash provided by financing activities since inception through October 31, 2012 was $5,000 from the sale of 80,000,000 shares of common stock to our former officer and director in January 2010 and $15,701 of net proceeds from related party loans. On November 26, 2010 we completed an offering of 40,000,000 shares of common stock to 26 individuals pursuant to the S-1 Registration Statement we filed with the US Securities and Exchange Commission. Total proceeds from the offering were $20,000.
Through October 31, 2012, the Company received a total of $26,950 from a company owned by a former director of the Company, of which $11,249 has been repaid. As of October 31, 2012, $15,701 remains outstanding with $659 in accrued interest.
During the three months ended October 31, 2012, the Company received a total of $34,642 from an unrelated party. As of October 31, 2012, $34,642 remains outstanding.
LIQUIDITY AND CAPITAL RESOURCES
Our cash balance at October 31, 2012 was $Nil, with $52,733 in outstanding liabilities, consisting of $1,731 in accounts payable and accrued liabilities, $659 in interest payable, $34,642 in loans from an unrelated party and $15,701 in loans from a related party. If we experience a shortfall of cash our director has agreed to loan us additional funds for operating expenses, however he has no legal obligation to do so.
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STOCK PURCHASE AGREEMENT WITH WESTERN WATER
On November 13, 2012, the Company closed a stock purchase transaction with Western Water Consultants, Inc., a California corporation (Western) and the shareholders of Western (Selling Shareholders) pursuant to a Stock Purchase Agreement dated August 30, 2012 (the Agreement) by and among the Company, Western, and the Selling Shareholders.
In accordance with the terms of Agreement, on the Closing Date, the Registrant issued an aggregate of 180,000,000 shares of its common stock to the Selling Shareholders in consideration for 100% of the issued and outstanding capital stock of Western (the Transaction). As a result of the Transaction, the Selling Shareholders acquired approximately 60% of our issued and outstanding common stock, Western became our wholly-owned subsidiary, and the Registrant acquired the business and operations of Western.
Western is an environmental services company engaged in the business of operating water treatment programs for major manufacturers, oil and gas refiners, and the food and beverage industries.
PLAN OF OPERATION
Western aims to provide professional services and quality products to the industrial and commercial marketplace in the southwestern portion of the United States and emerging nations. Western is committed to developing long term business relationships with its customers and employees.
Western provides to its customers:
- Treatment programs designed to conserve energy and water.
- Environmentally sensitive water treatment utilizing chemical and/or non-chemical programs.
- Professional services that meet the needs of its customers.
- Quality products and services at the lowest possible cost.
As a company, Western strives to:
- Establish an international reputation as one of the leading green water treatment companies. This will be accomplished through customer satisfaction and uncompromising professional standards.
- Aim to increase sales at such a rate to obtain a significant market share of the specialty chemicals and services market in five (5) years.
- Maintain profit levels that allow Western to expand and provide the resources to reach its objectives.
- Create new distribution channels for Western, its subsidiaries, and any joint-venture partners.
- To increase brand awareness.
- Achieve highly appreciated value for shareholders through sustained performance.
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PRODUCTS, SERVICE & DISTRIBUTION
Western provides chemical and/or non-chemical water treatment programs for the treatment of boilers, cooling systems and process systems.
Westerns primary customers are: large commercial facilities, industrial (chemical manufacturing, refineries, paper manufacturing, food processing, etc.), oil and gas drilling, oil and gas refining, mineral exploration, co-generation plants.
Western sells the following:
- Chemicals for treatment to prevent corrosion, scale deposition, and microbiological fouling
- Polymers for oil and water separation
- Feed and control equipment
- Pre-treatment equipment, such as sodium zeolite softeners, demineralizers, dealkilizers and reverse osmosis equipment
- Laboratory and test equipment
- Coagulants and polymers for wastewater
- (NSF) rated potable products for water clarification
- Silica deposit control agents oil field applications
- Antifoams
- Anti-scalants for reverse-osmosis membranes
- Consulting and engineering services
Western currently sells its products and services in the southwestern portion of the United States and is looking to expand into the rest of the country and also into emerging nations.
Service is an integral part of any water treatment program and without service, the program is likely to fail. The routine service provided by Western includes running complete water analysis of all systems treated, reviewing operator logs, inspection of heat exchange equipment, analysis of deposits, and providing the training for designated customer personnel. All services are documented in writing, utilizing both service reports and written correspondence. It is the intent of Western to provide the best quality service offered by any water treatment company.
Western offers a full range of services and products tailored specifically towards individual client needs. Examples of some Western programs consist of:
- Oil and water separation
- Protecting heat exchange systems from corrosion
- Water recycling and re-use
- Wastewater deposits
- Beta-carotine separation
- Keeping companies compliant with Regulations Agencies
- Keeping customers compliant with National Organic Standards
10
Off-Balance Sheet Arrangements
None.
Recent Accounting Pronouncements
For the nine month period ended October 31, 2012, there were no accounting standards or interpretations issued that are expected to have a material impact on our financial position, operations or cash flows.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a smaller reporting company, as defined by Rule 229.10(f)(1) .
Item 4. Controls and Procedures.
As required by Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act), we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures as of the end of the period covered by this quarterly report, being October 31, 2012. This evaluation was carried out under the supervision and with the participation of our Company's management, including our President, Principal Executive Officer and Principal Financial Officer. Based upon that evaluation, our President, Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures are not effective as of the end of the period covered by this report due to the material weaknesses described in Management's Report on Internal Control over Financial Reporting included in our annual report on Form 10-K for the year ended January 31, 2012.
There have been no significant changes in our Company's internal controls or in other factors, which could significantly affect internal controls subsequent to the date we carried out our evaluation. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our Company's reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our Company's reports filed under the Exchange Act is accumulated and communicated to management, including our Company's president and Principal Executive Officer as appropriate, to allow timely decisions regarding required disclosure.
There have been no changes in our internal controls over financial reporting during the most recently completed fiscal quarter that have materially affected or are reasonably likely to materially affect the Companys internal control over financial reporting.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.
Item 1A. Risk Factors.
Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a smaller reporting company, as defined by Rule 229.10(f)(1) .
11
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
Item 5. Other Information
None.
Item 6. Exhibits.
Exhibit Description No.
* Filed herewith.
(1) Filed as exhibits to the Companys Registration Statement on Form S-1, filed with the Commission on March 10, 2010, and incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
PACIFIC CLEAN WATER TECHNOLOGIES, INC. | |
Dated: December 17, 2012 | By: /s/ Craig S. McMillan |
Craig S. McMillan | |
Chief Executive Officer and Director | |
(Principal Executive Officer) | |
Dated: December 17, 2012 | By: /s/ Steve W. Roussin |
Steve W. Roussin | |
President, Chief Financial Officer and Director | |
(Principal Financial Officer and Principal Accounting Officer) |
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