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EXCEL - IDEA: XBRL DOCUMENT - TOA Holdings, Inc. | Financial_Report.xls |
EX-31.1 - EXHIBIT 31.1 - TOA Holdings, Inc. | exhibit311.htm |
EX-32.1 - EXHIBIT 32.1 - TOA Holdings, Inc. | exhibit321.htm |
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 MARCH 28, 2013
OR
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
COMMISSION FILE NUMBER: 000-54822
TOA Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 46-0992328 | ||
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | ||
C/O Toa Shoko, 1-1-36, Nishiawaji, Higashiyodogawa- ku Osaka 533-0031, Japan | 533-0031 | ||
(Address of principal executive offices) | (Zip Code) | ||
N/A
(Former name, former address and former fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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. [X ]Yes [ ] 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 (Section 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). [X ]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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | [ ] | Accelerated filer | [ ] | |||
Non-accelerated filer | [ ] (Do not check if a smaller reporting company) | Smaller reporting company | [X] |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
[X ]Yes [ ] No
State the number of shares outstanding of each of the issuer’s classes of common equity, as of May 10, 2013: 71,600,000 shares of common stock and 1,000,000 shares of preferred stock.
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TABLE OF CONTENTS
TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
INDEX
PART I-FINANCIAL INFORMATION
ITEM 1 | FINANCIAL STATEMENTS | 3 | |
Balance Sheets at September 30, 2012 and March 28, 2013 (unaudited) | 3 | ||
Statements of Operations for the Three Months ended March 28, 2013, Six Months ended March 28, 2013, and for the period from September 11, 2012 (Date of Inception) through March 28, 2013 (unaudited) | 4 | ||
Statement of Changes in Stockholders’ Equity (Deficit) for the Period from September 11, 2012 (Date of Inception) through September 30, 2012 (audited) and October 1, 2012 through March 28, 2013 (unaudited) | 5 | ||
Statements of Cash Flows for the Three Months ended March 28, 2013, Six Months ended March 28, 2013, and for the Period from September 11, 2012 (Date of Inception) through March 28, 2013 (unaudited) | 6 | ||
Notes to Unaudited Financial Statements | 7-9 | ||
ITEM 2 | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS | 10 | |
ITEM 3 | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 11 | |
ITEM 4 | CONTROLS AND PROCEDURES. | 11 | |
PART II-OTHER INFORMATION | |||
ITEM 1 | LEGAL PROCEEDING | 11 | |
ITEM 1A | RISK FACTORS | ||
ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 11 | |
ITEM 3 | DEFAULTS UPON SENIOR SECURITIES | 11 | |
ITEM 4 | REMOVED AND RESERVED | 12 | |
ITEM 5 | OTHER INFORMATION | 12 | |
ITEM 6 | EXHIBITS | 12 | |
SIGNATURES | 12 |
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PART I-FINANCIAL INFORMATION
ITEM 1 | FINANCIAL STATEMENTS |
TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
(UNAUDITED)
As of | As of | ||||
March 28, 2013 | September 30, 2012 | ||||
(unaudited) | (audited) | ||||
ASSETS | |||||
Current Assets | |||||
Prepaid expenses | $ | - | $ | 2,500 | |
TOTAL CURRENT ASSETS | $ | - | $ | 2,500 | |
TOTAL ASSETS | $ | - | $ | 2,500 | |
LIABILITIES AND SHAREHOLDER EQUITY | |||||
Current Liabilities | |||||
Account payables-Related Party | $ | 400 | $ | 2,648 | |
TOTAL CURRENT LIABILITIES | $ | 400 | $ | 2,648 | |
TOTAL LIABILITIES | $ | 400 | $ | 2,648 | |
Stockholders’ Equity (Deficit) | |||||
Preferred stock ($.0001 par value, 20,000,000 shares authorized; none issued and outstanding) | $ | 0 | $ | 0 | |
Common stock ($.0001 par value, 500,000,000 shares authorized, 20,000,000 shares issued and outstanding as of March 28, 2013 and September 30, 2012) |
$ | 2,000 | $ | 2,000 | |
Deficit accumulated during the development stage | $ | (2,400) | $ | (2,148) | |
TOTAL SHAREHOLDER EQUITY | $ | (400) | $ | (148) | |
TOTAL LIABILITIES AND SHAREHOLDER EQUITY | $ | - | $ | 2,500 |
See Accompanying Notes to Unaudited Financial Statements
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TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
(UNAUDITED)
Period from | |||||||
September 11, 2012 | |||||||
Three months | Six months | (Date of Inception) | |||||
Ended | Ended | through | |||||
March 28, 2013 | March 28, 2013 | March 28, 2013 | |||||
Revenues | $ | - | $ | - | $ | - | |
Cost of revenues | - | - | - | ||||
Gross profit | - | - | - | ||||
General and Administrative Expenses | |||||||
Organization and related expenses | $ | - | $ | 2,500 | $ | 4,648 | |
Other expenses | 400 | 400 | 400 | ||||
Total Expenses | $ | 400 | $ | 2,900 | 5,048 | ||
OTHER INCOME | |||||||
Gains from write-off of account payables | $ | - | $ | 2,648 | $ | 2,648 | |
Total other income | - | 2,648 | 2,648 | ||||
NET INCOME (LOSS) BEFORE TAXES | $ | (400) | $ | (252) | $ | (2,400) | |
Income Tax Expenses | $ | - | $ | - | $ | - | |
NET INCOME (LOSS) | $ | (400) | $ | (252) | $ | (2,400) | |
WEIGHTED AVERAGE SHARES OUTSTANDING | 5,000,000 | 10,000,000 | 10,000,000 | ||||
NET INCOME(LOSS) PER SHARE | $ | (0.00) | $ | (0.00) | $ | (0.00) |
See Accompanying Notes to Unaudited Financial Statements
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TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
(UNAUDITED)
ADDITIONAL | |||||||||
COMMON STOCK | PAID IN | EARNINGS | |||||||
NUMBER | AMOUNT | CAPITAL | (DEFICIT) | TOTALS | |||||
September
11, 2012 (Inception) - Shares issued for services rendered |
20,000,000 | $ | 2,000 | $ | - | $ | - | $ | 2,000 |
Net
loss for the period from September 11, 2012 through September 30, 2012 |
- | - | - | (2,148) | (2,148) | ||||
Balance – September 30, 2012 (audited) | 20,000,000 | $ | 2,000 | $ | - | $ | (2,148) | $ | (148) |
Net
loss for the period from October 1, 2012 through March 28, 2013 |
- | - | - | (252) | (252) | ||||
Balance – March 28, 2013 | 20,000,000 | 2,000 | - | (2,400) | (400) |
See Accompanying Notes to Unaudited Financial Statements
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TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
(UNAUDITED)
Period from | |||||||
September 11, 2012 | |||||||
Three months | Six months | (Date of Inception) | |||||
Ended | Ended | through | |||||
March 28, 2013 | March 28, 2013 | March 28, 2013 | |||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
Net income (loss) | $ | (400) | $ | (252) | $ | (2,400) | |
Stock issued for services rendered | - | - | 2,000 | ||||
Prepaid expenses | 2,500 | 2,500 | - | ||||
Account payables | (2,248) | (2,248) | 400 | ||||
Net cash provided by (used in) operating activities | $ | (148) | $ | - | $ | - | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||
Net cash provided by (used in) investing activities | $ | - | $ | - | $ | - | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||
Net cash provided by (used in) financing activities | $ | - | $ | - | $ | - | |
Net Change in Cash and Cash equivalents | $ | - | $ | - | $ | - | |
Cash and cash equivalents - beginning of period | - | - | - | ||||
Cash and cash equivalents - end of period | - | - | - | ||||
NONCASH INVESTING AND FINANCING ACTIVITIES | |||||||
Common stock issued to founder for services rendered | $ | - | $ | - | 2,000 | ||
SUPPLEMENTAL INFORMATION | |||||||
Interest paid | - | - | - | ||||
Income taxes paid | - | - | - |
See Accompanying Notes to Unaudited Financial Statements
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TOA HOLDINGS, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
AS OF MARCH 28, 2013
(UNAUDITED)
NOTE 1—ORGANIZATION AND DESCRIPTION OF BUSINESS
TOA Holdings Inc. (the “Company”), a development stage company, was incorporated under the laws of the State of Delaware on September 11, 2012, with an objective to acquire, or merge with, an operating business. As of March 28, 2013, the Company had not yet commenced any operations.
Note 2 - Significant Accounting Policies
Basis of presentation
The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission ("SEC") to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the financial statements of the Company for the period from September 11, 2012 (Inception) through the end of its fiscal year September 30, 2012 and notes thereto contained in the Company's interim period report ending March 28, 2013.
Development stage company.
The Company is a development stage company as defined by section 810-10-20 of the FASB Accounting Standards Codification. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's exploration stage activities.
Use of estimates.
The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Fiscal year end.
The Company elected September 30th as its fiscal year ending date.
Cash equivalents.
The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.
Fair value of financial instruments.
The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:
Level 1. Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2. Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3. Pricing inputs that are generally observable inputs and not corroborated by market data.
The carrying amounts of the Company's financial assets and liabilities, such as accrued expenses approximate its fair values because of the short maturity of this instrument. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at March 28, 2013, nor gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date for the period from September 11, 2012 (inception) through end of fiscal year September 30, 2012 and interim period from October 1, 2012 through March 28, 2013.
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REVENUE RECOGNITION
The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
Income taxes.
The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification ("Section 740-10-25"). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.
Net loss per common share.
Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of March 28, 2013.
NOTE 3—GOING CONCERN
The accompanying financial statements are prepared on a basis of accounting assuming that the Company is a going concern that contemplates realization of assets and satisfaction of liabilities in the normal course of business. The Company is considered a development stage company and has no current revenue sources. The Company’s management plans to engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue- producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.
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NOTE 4—STOCKHOLDER’S EQUITY
On September 27, 2012, the Board of Directors issued 20,000,000 shares of common stock to the founding shareholder in exchange for incorporation fees of $98, annual resident agent fees in the State of Delaware for $50, and developing the Company’s business concept and plan valued at $2,000 to a total amount of $2,148. The capitalization of the Company consists of the following classes of capital stock as of September 30, 2012 and March 28, 2013:
* | Common stock, $0.0001 par value: 500,000,000 shares authorized; 20,000,000 shares issued and outstanding |
* | Preferred stock, $0.0001 par value: 20,000,000 shares authorized; but not issued and outstanding. |
NOTE 5—RELATED-PARTY TRANSACTIONS
At March 28, 2013 the company had a related-party payable in the amount of $400 to its sole officer and shareholder.
We neither rent nor own any properties. Until we pursue a viable business opportunity and recognize income, we will not seek office space. We currently have no policy with respect to investments or interests in real estate, real estate mortgages or securities of, or interests in, persons primarily engaged in real estate activities.
NOTE 6—FINANCIAL INSTRUMENTS AND RISK CONCENTRATION
Financial instruments
Our investments in cash equivalents, short-term investments and certain long-term investments are carried at fair value, which is described in Note 3. The carrying values for other current financial assets and liabilities, such as accounts receivable and accounts payable, approximate fair value due to the short maturity of such instruments. The carrying value of our long-term debt if we had any would approximate fair value.
Risk concentration
Financial instruments that could subject us to concentrations of credit risk are primarily cash, cash equivalents, short-term investments and accounts receivable. At March 28, 2013 we had no risk concentration.
NOTE 7—SUBSEQUENT EVENTS
The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that there are reportable subsequent events to be disclosed as follows.
On April 1, 2013, the Company acquired 1,000,000 shares of common stock representing 100% shares of TOA Shoko Japan Co., Ltd, a Japan Corporation, from Mr. Hajime Abe in consideration of $10,000. As a result, TOA SHOKO JAPAN CO., LTD. became the wholly owned subsidiary of the TOA Holdings, Inc. “The Company”.
On April 22, 2013, the Company issued 1,000,000 shares of restricted Series A preferred stock valued at $100 to Hajime Abe as director’s compensation.
On April 22, 2013, the Company issued 20,000,000 shares of restricted common stock valued at $2,000 to Hajime Abe as director’s compensation.
On April 23, 2013 Hajime Abe sold 31,600,000 shares of restricted common stock to 328 shareholders.
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ITEM 2 | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. |
PLAN OF OPERATION
The Company will attempt to locate and negotiate with a business entity for the combination of that target company with the Company. The combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange (the “business combination”). In most instances, the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that the Company will be successful in locating or negotiating with any target business.
The Company has not restricted its search for any specific kind of businesses, and it may acquire a business which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business life. It is impossible to predict the status of any business in which the Company may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which the Company may offer.
In implementing a structure for a particular business acquisition, the Company may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity.
It is anticipated that any securities issued in any such business combination would be issued in reliance upon exemption from registration under applicable federal and state securities laws. In some circumstances, however, as a negotiated element of its transaction, the Company may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times hereafter. If such registration occurs, it will be undertaken by the surviving entity after the Company has entered into an agreement for a business combination or has consummated a business combination. The issuance of additional securities and their potential sale into any trading market which may develop in the Company’s securities may depress the market value of the Company’s securities in the future if such a market develops, of which there is no assurance.
The Company will participate in a business combination only after the negotiation and execution of appropriate agreements. Negotiations with a target company will likely focus on the percentage of the Company, which the target company shareholders would acquire in exchange for their shareholdings. Although the terms of such agreements cannot be predicted, generally such agreements will require certain representations and warranties of the parties thereto, will specify certain events of default, will detail the terms of closing and the conditions which must be satisfied by the parties prior to and after such closing and will include miscellaneous other terms. Any merger or acquisition effected by the Company can be expected to have a significant dilutive effect on the percentage of shares held by the Company’s shareholders at such time.
OFF-BALANCE SHEET ARRANGEMENTS
The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
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ITEM 3 | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item.
ITEM 4 | CONTROLS AND PROCEDURES |
Evaluation of Disclosure Controls and Procedures
Our Principal Executive Officer and Principal Financial Officer evaluated the effectiveness of our disclosure controls and procedures as of March 28, 2013. Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this report were effective such that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to the Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding disclosure.
Changes in Internal Controls
There have been no significant changes to the Company’s internal controls over financial reporting that occurred during our last fiscal quarter ended March 28, 2013, that materially affected, or were reasonably likely to materially affect, our internal controls over financial reporting.
PART II-OTHER INFORMATION
ITEM 1 | LEGAL PROCEEDINGS |
There are no legal proceedings against the Company and the Company is unaware of such proceedings contemplated against it.
ITEM 1A | RISK FACTORS |
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item.
ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
On January 18, 2013 Jeffrey DeNunzio sold 20,000,0000 shares of common stock to Hajime Abe.
On April 1, 2013, the Company acquired 1,000,000 shares of common stock representing 100% shares of TOA Shoko Japan Co., Ltd, a Japan Corporation, from Mr. Hajime Abe in consideration of $10,000. As a result, TOA SHOKO JAPAN CO., LTD. became the wholly owned subsidiary of the TOA Holdings, Inc. “The Company”.
On April 22, 2013, the Company issued 1,000,000 shares of restricted Series A preferred stock valued at $100 to Hajime Abe as director’s compensation.
On April 22, 2013, the Company issued 20,000,000 shares of restricted common stock valued at $2,000 to Hajime Abe as director’s compensation.
On April 23, 2013 Hajime Abe sold 31,600,000 shares of restricted common stock to 328 shareholders.
ITEM 3 | DEFAULTS UPON SENIOR SECURITIES |
None
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ITEM 4 | MINE SAFETY DISCLOSURES |
Not applicable.
ITEM 5 | OTHER INFORMATION |
None
ITEM 6 | EXHIBITS |
(a) | Exhibits required by Item 601 of Regulation S-K. |
Exhibit No. |
Description | |
3.1 | Certificate of Incorporation, as filed with the Delaware Secretary of State on October 9, 2012. (1) | |
3.2 | By-laws. (1) | |
31.1 | Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s report on Form 10-Q for the quarter ended March 28, 2013. (2) | |
32.1 | Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (2) | |
101.INS | XBRL Instance Document (3) | |
101.SCH | XBRL Taxonomy Extension Schema (3) | |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase (3) | |
101.DEF | XBRL Taxonomy Extension Definition Linkbase (3) | |
101.LAB | XBRL Taxonomy Extension Label Linkbase (3) | |
101.PRE | XBRL Taxonomy Extension Presentation Linkbase (3) | |
____________________
(1) | Filed as an exhibit to the Company's Registration Statement on Form 10, as filed with the SEC on October 9, 2012, and incorporated herein by this reference. |
(2) | Filed herewith. |
(3) | Users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Exchange Act of 1934 and otherwise are not subject to liability. |
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.
TOA Holdings Inc.
(Registrant)
By: /s/ Hajime Abe
Hajime Abe, President, Secretary and
Principal Financial Officer
Dated: May 10, 2013
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