UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended December 31, 2011

 

[  ] 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: 333-144765

 

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(Exact name of registrant as specified in its charter)

 

Nevada		87-0785410
(State or other jurisdiction of		(IRS Employer
incorporation or organization)		Identification No.)

 

1325 Spruce St, Suite 200

Riverside, California 92507

(Address of principal executive offices)

 

(951) 538-8362

(Registrant’s telephone number, including area code)

 

Indicate by check mark whether the issuer: (1) 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 [  ] No [X]

 

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 [  ] No [X]

 

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]

  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

 

State the number of shares outstanding of each of the registrant’s classes of common equity, as of the latest practicable date: 14,561,670 shares of common stock with a par value of $.0001 outstanding as of December 31, 2011.

 

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

 

FORM 10-Q

FOR THE QUARTER ENDED DECEMBER 31, 2011

TABLE OF CONTENTS

 

Table of Contents

 

PART I – FINANCIAL INFORMATION
ITEM 1 – FINANCIAL STATEMENTS		F-1
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS		3
ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK		7
ITEM 4 – CONTROLS AND PROCEDURES		7
PART II – OTHER INFORMATION
ITEM 1 – LEGAL PROCEEDINGS		8
ITEM 1A – RISK FACTORS		8
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS		8
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES		8
ITEM 4 – (REMOVED AND RESERVED)		8
ITEM 5 – OTHER INFORMATION		8
ITEM 6 – EXHIBITS		8

 

  

PART I - FINANCIAL INFORMATION

 

ITEM 1 - FINANCIAL STATEMENTS

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

BALANCE SHEETS

 

		March 31, 2011				December 31, 2011
						(Unaudited)
ASSETS
Current assets
Cash		$	-			$	132,271
Total current assets			-				132,271
Inventory			100,000				-
Investments			-				637,500
Total Assets		$	100,000			$	769,771
LIABILITIES & STOCKHOLDERS’ EQUITY
Current liabilities
Bank Overdraft		$	2,254			$	-
Accounts payable			7,612				5,724
Related party payables			276,346				248,041
Customer deposits			32,000				-
Accrued interest payable			38,621				31,488
Stock subscription payable			-				150,000
Notes payable			165,000				690,000
Total current liabilities			521,833				1,125,253
Total Liabilities			521,833				1,125,253
Stockholders’ Equity
Common stock, $.0001 par value; 25,000,000 shares authorized; 12,925,000 (March 2011) and 14,561,670 (Dec. 2011) shares issued and outstanding			1,293				1,457
Additional paid in capital			135,457				277,460
Deficit accumulated during the development stage			(558,583	)			(634,399	)
Total Stockholders’ Equity			(421,833	)			(355,482	)
Total Liabilities and Stockholders’ Equity		$	100,000			$	769,771

 

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

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

STATEMENTS OF OPERATIONS

(Unaudited)

 

																		Period From
																		Oct. 10, 2006
		Three Months				Three Months				Nine Months				Nine Months				(Inception)
		Ended				Ended				Ended				Ended				To
		Dec. 31, 2010				Dec. 31, 2011				Dec. 31, 2010				Dec. 31, 2011				Dec. 31, 2011
Sales		$	-			$	125,000			$	-			$	125,000			$	125,000
Cost of goods sold			-				112,545				-				112,545				112,545
Gross profit			-				12,455				-				12,455				12,455
Operating expenses:
Amortization & depreciation			-				-				-				-				-
General and administrative			18,002				44,756				45,171				72,014				591,976
			18,002				44,756				45,171				72,014				591,976
Gain (loss) from operations			(18,002	)			(32,301	)			(45,171	)			(59,559	)			(579,521	)
Other income (expense):
Interest expense			(4,500)				(8,007)				(13,250)				(16,257)				(54,878)
			(4,500)				(8,007)				(13,250)				(16,257)				(54,878)
Income (loss) before
Provision for income taxes			(22,502)				(40,308)				(58,421)				(75,816)				(634,399)
Provision for income tax			-				-				-				-				-
Net income (loss)		$	(22,502	)		$	(40,308	)		$	(58,421	)		$	(75,816	)		$	(634,399	)
Net income (loss) per share
(Basic and fully diluted)		$	(0.00	)		$	(0.00	)		$	(0.00	)		$	(0.01	)
Weighted average number of common shares outstanding			12,925,000				13,201,522				12,925,000				13,017,174

 

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

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

(Unaudited)

 

										Period From
										Oct. 10, 2006
		Nine Months				Nine Months				(Inception)
		Ended				Ended				To
		Dec. 31, 2010				Dec. 31, 2011				Dec. 31, 2011
Cash Flows From Operating Activities:
Net income (loss)		$	(58,421	)		$	(75,816	)		$	(634,399	)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Inventory							100,000				-
Bank overdraft							(2,254	)			-
Accounts payable			3,712				(1,888	)			5,724
Related party payables			51,345				62,695				339,041
Accrued payables			13,250				(3,466	)			35,155
Customer deposits			-				(32,000	)			-
Compensatory stock issuances			-				-				38,000
Net cash provided by (used for) operating activities			9,886				47,271				(216,479	)
Cash Flows From Investing Activities:
Investments			-				(300,000	)			(300,000	)
Net cash provided by (used for) investing activities			-				(300,000	)			(300,000	)

 

(Continued On Following Page)

 

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

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

(Unaudited)

 

(Continued From Previous Page)

 

										Period From
										Oct. 10, 2006
		Nine Months				Nine Months				(Inception)
		Ended				Ended				To
		Dec. 31, 2010				Dec. 31, 2011				Dec. 31, 2011
Cash Flows From Financing Activities:
Sales of common stock			-				-				98,750
Stock subscription payable			-				150,000				150,000
Notes payable - borrowings			-				300,000				465,000
Notes payable - payments			(10,000	)			(65,000	)			(65,000	)
Net cash provided by (used for) financing activities			(10,000	)			385,000				648,750
Net Increase (Decrease) In Cash			(114	)			132,271				132,271
Cash At The Beginning Of The Period			238				-				-
Cash At The End Of The Period		$	124			$	132,271			$	132,271
Schedule Of Non-Cash Investing And Financing Activities
In 2011 the Company acquired investment assets valued at $637,500 for $300,000 in cash, a note payable for $300,000 and $37,500 in common stock. In addition, a noteholder converted $13,667 in debt into 136,670 common shares, and a related party debtor converted $91,000 in payables into 1,000,000 common shares.
Supplemental Disclosure
Cash paid for interest		$	-			$	-			$	-
Cash paid for income taxes		$	-			$	-			$	-

 

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

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

 

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

 

Affordable Green Homes International (the “Company”), was incorporated in the State of Nevada on October 10, 2006. The Company is in business to build affordable family homes in potential extreme weather locations as well as areas stuck by a natural disaster primarily in the United States by using low cost structural concrete insulated panels as the basic construction methodology. The Company plans to purchase land for development, and to market and build finished homes using local labor.

 

Basis of Presentation

 

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim periods are not necessarily indicative of operations for a full year.

 

Cash and cash equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.

 

Accounts receivable

 

The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary.

 

Property and equipment

 

Property and equipment are recorded at cost and depreciated under straight line methods over each item’s estimated useful life.

 

Revenue recognition

 

Revenue is recognized on an accrual basis as earned under contract terms.

 

 

AFFORDABLE GREEN HOMES INTERNATIONAL

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

 

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Income tax

 

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment

 

Net income (loss) per share

 

The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company’s preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.

 

Financial Instruments

 

The carrying value of the Company’s financial instruments as reported in the accompanying balance sheet approximates fair value.

 

 

ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Our Management’s Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking (within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”)). Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national and local general economic and market conditions; demographic changes; our ability to sustain, manage, or forecast growth; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission (“SEC”).

 

Although the forward-looking statements in this report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

 

As used in this Quarterly Report, the terms “we,” “us,” and “our,” mean Affordable Green Homes International unless otherwise indicated.

 

Overview

 

We were incorporated on October 10, 2006 in the state of Nevada in order to develop real properties and construction technologies.

 

The Business

 

We are engaged in the business of construction of residential, commercial and industrial structures using “Structural Concrete Insulated Panel” technology (“SCIP”). We initially intend to provide moderate- to low-cost housing in the Northern Panhandle of Texas around the Stinnett/Perryton area where an acute housing shortage currently exists, and in the area of Galveston, Texas, which has been affected by Hurricane Ike. Homes utilizing SCIP technology are constructed with high quality, lightweight, prefabricated panels. The interior and exterior surfaces of the panels are covered with a concrete coating, designed and tested to resist hurricanes, tornados and earthquakes. When the homes are completed, they are more structurally sound than wood or concrete alone and can typically be constructed in less than 30 days.

 

We intend to operate three business units:

 

	1.	A SCIP manufacturing unit;
	2.	A construction unit based in the Northern Panhandle of Texas, primarily around the Stinnett/Perryton area; and
	3.	A construction unit based in the Galveston, Texas area.

 

SCIP Manufacturing: In 2007, Ron Bell built a SCIP home near Crystal Beach, Texas, directly on the Gulf Coast approximately ten miles northeast of Galveston. The home was built on pilings that were designed so that a hurricane-type high surf would pass underneath and not injure the structure of the home. This home was the only house within several blocks to survive Hurricane Ike. This house in Crystal Beach has significantly raised the awareness of construction using SCIP technology in those areas prone to hurricanes, tornados and earthquakes. Officials from the Federal Emergency Management Agency (FEMA) as well as Texas Tech University have visited the Crystal Beach House to inspect it and discuss a wide range of topics concerning using this type of construction all along the Gulf Coast.

 

 

Construction Unit – Northern Texas Panhandle: There is an acute housing shortage in the Northern Panhandle of Texas. This is due to a number of factors:

 

	1.	Conoco-Phillips – seven to ten year plant expansion
	2.	Chevron – seven to ten year plant expansion
	3.	Two Carbon Black plants within ten miles of Stinnett
	4.	New plastics plant within ten miles of Stinnett
	5.	New aircraft plant (Osprey Project) within 20 miles of Stinnett

 

Due to this acute shortage, we believe that there will be high demand for our construction of medium sized houses (i.e., those ranging from 1200 to 1500 sq. ft.) in the area. Our management has met with the Mayor of Stinnett as well as the President of the Stinnett Community Development Corporation, and both have confirmed that there is a demand for the type of housing we can deliver. We are currently working to locate residential lots to begin construction by the summer of 2012.

 

Construction Unit – Galveston Area: Because Hurricane Ike created a great deal of destruction and devastation in the general area, there are a large number of homes and commercial structures that need to be rebuilt. We are currently in discussions with several major insurance carriers about rebuilding homes which utilize SCIP technology.

 

Research and Development Activities and Costs

 

We have not incurred any costs to date relative to research and development activities. We plan to undertake research and development activities during the summer 2012 in order to improve our manufacturing process as well as to develop low environmental impact building components.

 

Critical Accounting Policies

 

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the U.S. 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 several accounting principles that we believe are key to understanding of our financial statements. These important accounting policies require management’s most difficult, subjective judgments.

 

Development Stage Enterprise

 

We are a development stage enterprise, as defined ASC 915, “Accounting and Reporting By Development Stage Enterprises.”

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Stock Issued for Non-Cash Transactions

 

It is our policy to value stock issued for non-cash transactions, such as services, at the fair market value of the goods or services received or the consideration granted, whichever is more readily determinable, at the date the transaction is negotiated. There were no shares of common stock issued for services during the fiscal year ended March 31, 2011.

 

Going Concern

 

Our financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Our ability to continue as a going concern is dependent upon our ability to locate sources of capital, and attain future profitable operations. Our management is currently initiating their business plan. The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern.

 

 

Results of Operations

 

You should read the selected financial data set forth below along with our discussion and our financial statements and the related notes. We have derived the financial data from our unaudited financial statements. We believe the financial data shown in the table below include all adjustments consisting only of normal recurring adjustments, that we consider necessary for a fair presentation of such information. Operating results for the period are not necessarily indicative of the results that may be expected in the future.

 

Results for the Three Months Ended December 31, 2011 Compared to the Three Months Ended December 31, 2010

 

			Three Months Ended				Three Months Ended				Increase/
			December 31, 2011				December 31, 2010				(Decrease)
	Revenue		$	12,455			$	0			$	12,455
	Operating expenses			44,756				18,002			$	26,754
	Other expenses			8,007				4,500			$	3,507
	Net (loss)			(40,308	)			(22,502	)		$	17,806
	Net (loss) per share		$	(0	)		$	(0	)		$	(0	)

 

Revenues

 

We had revenues from operations in the amount of $12,455 for the three months ended December 31, 2011 as compared to revenues of $0 for the three months ended December 31, 2010.

 

Operating Expenses

 

Operating expenses increased by $26,754 to $44,756 for the three months ended December 31, 2011, as compared to $18,002 for the three months ended December 31, 2010. The increase arose from an increase in fees from consulting, accounting and legal.

 

Net Loss

 

We had a net loss of $40,308 for the three months ended December 31, 2011 compared to a net loss of $22,502 for the three months ended December 31, 2010.

 

Results for the Nine months Ended December 31, 2011 Compared to the Nine months Ended December 31, 2010

 

			Nine months Ended				Nine months Ended				Increase/
			December 31, 2011				December 31, 2010				(Decrease)
	Revenue		$	12,455			$	0			$	0
	Operating expenses			72,014				45,171			$	26,843
	Other expenses			16,257				13,250			$	3,007
	Net (loss)			(75,816	)			(58,421	)		$	17,395
	Net (loss) per share		$	(0	)		$	(0	)		$	(0	)

 

Revenues

 

We had revenues from operations in the amount of $12,455 for the nine months ended December 31, 2011 as compared to revenues of $0 for the nine months ended December 31, 2010.

 

Operating Expenses

 

Operating expenses increased by $26,843 to $72,014 for the nine months ended December 31, 2011, as compared to $45,171 for the nine months ended December 31, 2010.

 

 

Net Loss

 

We had a net loss of $75,816 for the nine months ended December 31, 2011 compared to a net loss of $58,421 for the nine months ended December 31, 2010

 

Liquidity and Capital Resources

 

We currently have no material commitments for capital expenditures and have no fixed expenses.

 

Working capital is summarized and compared as follows:

 

		December 31, 2011				December 31, 2010
Current assets		$	132,271			$	358
Current liabilities			1,125,253				479,882
Deficit		$	(992,982	)		$	(479,524	)

 

The changes in our working capital are primarily due to an increase in notes payable.

 

Changes in cash flows are summarized as follows:

 

Our net cash provided by operations was $47,271 for the nine months ended December 31, 2011 as compared to $9,886 used by operations for the nine months ended December 31, 2010.

 

During the nine months ended December 31, 2011, we experienced a net loss of $75,816. This included operating expenses in the amount of $59,559 and interest expense of $16,257.

 

During the nine months ended December 31, 2010, we experienced a net loss of $58,421. This included operating expenses in the amount of $45,171 and interest expense of $13,250.

 

Cash provided by financing activities for the nine months ended December 31, 2011 and 2010 was $385,000 and $(10,000), respectively.

 

As of December 31, 2010 and 2011, we owed related parties $277,065 and $248,041, respectively, for working capital advances which were provided to us on an interest-free basis.

 

We had total principal due under all notes payable at December 31, 2010 and 2011 of $165,000 and $690,000, respectively, all currently due, with accrued interest payable of $34,621 and $31,488, respectively. Interest expense under all notes payable in the fiscal quarters ended December 31, 2010 and 2011 was $8,007 and $4,500, respectively.

 

At December 31, 2010 and 2011, we had $90,000 in unsecured notes payable due to a corporation controlled by an officer, bearing interest at 10% per annum, plus a 10% fee for late repayment which has been incurred, with all principal and interest currently due.

 

At December 31, 2010 and 2011, we had $75,000 and $600,000, respectively, in unsecured notes payable due to several individuals, bearing interest at 10% per annum, and with all principal and interest currently due. One of these notes is in the amount of $10,000 and is convertible at $0.10 per share at any time prior to repayment and in the sole discretion of the note holder. The note also carries a 10% fee for late payment which has now been incurred.

 

Cash used for investing activities for the nine months ended December 31, 2011 and 2010 was $300,000 and $0, respectively.

 

 

ITEM 3 – Quantitative and Qualitative Disclosures About Market Risk

 

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

 

ITEM 4 – CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

Our Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934) as of the end of period covered by this report. Based upon such evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective to ensure that the information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II – OTHER INFORMATION

 

ITEM 1 – LEGAL PROCEEDINGS

 

To the best knowledge of management, there are no litigation matters pending or threatened against us, nor are we aware of any governmental authority contemplating any legal proceeding against us.

 

ITEM 1A – RISK FACTORS

 

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

 

ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

There have been no events which are required to be reported under this item.

 

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

 

There have been no events which are required to be reported under this item.

 

ITEM 4 – (REMOVED AND RESERVED)

 

 

ITEM 5 – OTHER INFORMATION

 

There have been no events which are required to be reported under this item.

 

ITEM 6 – EXHIBITS

 

Exhibits:

 

Exhibit No.		Description
31.1		Certification of Chief Executive Officer Pursuant to the Securities Exchange Act of 1934, Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer Pursuant to the Securities Exchange Act of 1934, Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15 (d) 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.

 

AFFORDABLE GREEN HOMES INTERNATIONAL

 

/s/ Michael P. Vahl
Michael P. Vahl
Chief Executive Officer and President
(Principal Executive Officer)
Date: January 9, 2014