Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. KOLASCO CORP (1542261) 10-Q/A published on Dec 18, 2014 at 2:47 pm
-- The Certification Pursuant to 18 U.S.C. Section 1350 and 302 Certification are now correctly signed by the current CEO (the previous filing had incorrectly listed the outgoing CEO as the signer of both documents).
On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.
Our principal executive office is located at 2360 CORPORATE CIRCLE STE 400, HENDERSON, Nevada, 89074-7722. Our telephone number is (702) 403-0743 , and our registered agent for service of process is the INCORP SERVICES, INC, located at 2360 CORPORATE CIRCLE STE 400, HENDERSON, Nevada, 89074-7722. We were incorporated in the State of Nevada on December 28, 2010. Our fiscal year end is November 30.
All knowledge and information acquired during the term of this Contract with respect to the business and products of the client will be treated by translator as confidential until and unless stipulated by client.
During the three months period ended August 31, 2013, our operating expenses were general and administrative expenses $40, professional fees of $1,306, and depreciation expense $85. The weighted average number of shares outstanding was 108,000,000 for the nine months period ended August 31, 2014. During the three months period ended August 31, 2014, our operating expenses were general and administrative expenses $24, professional fees of $ 1,675, and depreciation expense $85.