[X]
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QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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For
the Quarterly Period Ended December 31, 2009
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[ ]
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TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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For
the transition period from ______________ to
________________
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Nevada
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84-1517404
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(State
or Other Jurisdiction of Incorporation)
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(I.R.S.
Employer Identification No.)
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Large
accelerated filer
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[ ]
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Accelerated
file
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[ ]
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Non-accelerated
filer
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[ ]
(Do not check if a smaller reporting company)
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Smaller
reporting company
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[X ]
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PART
I
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Financial
Information
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Item
1.
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Condensed
Financial Statements (unaudited)
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Condensed
Balance Sheets
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3
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Condensed
Statements of Operations
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4
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Condensed
Statements of Change in Stockholders’ Deficiency
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5
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Condensed
Statements of Cash Flows
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6
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Notes
to Condensed Financial Statements
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7
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Item
2.
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Management's
Discussion and Analysis
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13
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Item
3.
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Quantitative
and Qualitative Disclosures About Market Risk
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16
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Item
4.
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Controls
and Procedures
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16
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PART
II.
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Other
Information
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Item
1.
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Legal
Proceedings
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17
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Item
2.
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Unregistered
Sales of Equity Securities and Use of Proceeds
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17
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Item
3.
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Defaults
Upon Senior Securities
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17
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Item
4.
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Submission
of Matters to a Vote of Security Holders
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17
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Item
5.
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Other
Information
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17
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Item
6.
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Exhibits
and Reports on Form
8-K
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17
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Signatures
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18
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December
31, 2009
(UNAUDITED)
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March
31, 2009
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|||||||
ASSETS
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||||||||
Current
assets
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||||||||
Cash
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$ | - | $ | 201 | ||||
Accounts
receivable, net
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- | 4,868 | ||||||
Prepaid
expenses
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- | 938 | ||||||
Inventory
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- | 123,441 | ||||||
Deposit
on acquisition (Note 3)
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47,575 | - | ||||||
Total
assets
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$ | 47,575 | $ | 129,448 | ||||
Current
liabilities
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||||||||
Bank
overdraft
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$
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1,821
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$
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-
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||||
Accounts
payable and accrued liabilities
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484,554
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377,863
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||||||
Due
to related parties (Note 4)
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1,060,534
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809,179
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||||||
Deposits
(Note 5)
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121,367
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121,367
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||||||
Total
current liabilities
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$
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1,668,276
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$
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1,308,409
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||||
Preferred
stock, $0.001 par value; 5,000,000 shares
authorized, no shares issued and outstanding
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-
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-
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||||||
Common
stock, $0.001 par value; 200,000,000 shares authorized,
136,659,671 shares issued and outstanding (March 31, 2009:
126,659,671)
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136,660
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126,660
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||||||
Common
stock units subscribed (Note 6 )
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4,000
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300,000
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||||||
Additional
paid-in capital
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3,242,419
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2,952,419
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||||||
Accumulated
deficit
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(5,003,780)
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(4,558,040
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)
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|||||
Total
stockholders’ deficiency
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(1,620,701)
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(1,178,961
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)
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|||||
Total
liabilities and stockholders’ deficiency
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$
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47,575
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$
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129,448
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||||
Three
months ended
December
31
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Nine
months ended
December
31
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|||||||||||||||
2009
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2008
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2009
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2008
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|||||||||||||
Revenues
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$
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-
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$
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36,240
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$
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12,508
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$
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202,594
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||||||||
Cost
of sales
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-
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22,884
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7,149
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136,198
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||||||||||||
Gross
profit
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-
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13,356
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5,359
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66,396
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||||||||||||
Operating
expenses:
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||||||||||||||||
Management
fees
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54,552
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86,507
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161,327
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278,455
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||||||||||||
Office
and general
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29,961
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11,117
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94,813
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147,410
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||||||||||||
Professional
and consulting
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8,100
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49,376
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27,618
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242,248
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||||||||||||
Total
operating expenses
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92,613
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147,000
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283,758
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668,113
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||||||||||||
Net
loss before other expenses and income taxes
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(92,613)
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(133,644
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)
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(283,758)
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(601,717
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)
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||||||||||
Other
expenses (income)
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||||||||||||||||
Foreign
exchange loss (gain)
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15,950
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(99,383)
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141,999
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(119,631)
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||||||||||||
Interest
(income)
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(1,627)
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-
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(1,627)
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-
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||||||||||||
Interest
expense
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9,630
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8,923
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26,969
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30,482
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||||||||||||
Total
other expenses (income)
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23,953
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(90,460)
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167,341
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(89,149)
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||||||||||||
Net
income (loss) before income taxes
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(116,566)
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(43,184
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)
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(445,740)
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(512,568
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)
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||||||||||
Provision
for income taxes
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-
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-
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-
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-
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||||||||||||
Net
loss
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$
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(116,566)
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$
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(43,184
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)
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$
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(445,740)
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$
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(512,568
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)
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||||||
Weighted
average number of common shares outstanding – Basic and
diluted
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136,659,671
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125,894,364
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136,104,115
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124,598,637
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||||||||||||
Loss
per share of common stock - Basic and diluted
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(0.001)
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(0.000
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)
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(0.003)
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(0.004
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)
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Common
Stock
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||||||||||||||||||||||||
Shares
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Par
Value Amount
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Common
Stock Subscribed
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Additional
Paid – In Capital
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Accumulated
(Deficit)
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Total
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|||||||||||||||||||
Balance,
March 31, 2009
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126,659,671
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$
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126,660
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$
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300,000
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$
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2,952,419
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$
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(4,558,040
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)
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$
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(1,178,961
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)
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|||||||||||
Issuance
of common stock pursuant to private placement
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10,000,000
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10,000
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(300,000
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)
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290,000
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-
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-
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|||||||||||||||||
Net
loss for period ended June 30, 2009
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-
|
-
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-
|
-
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(170,090
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)
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(170,090
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)
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||||||||||||||||
Balance,
June 30, 2009
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136,659,671
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$
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136,660
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$
|
-
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$
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3,242,419
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$
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(4,728,130
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)
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$
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(1,349,051
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)
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|||||||||||
Net
loss for period ended September 30, 2009
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-
|
-
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-
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-
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(159,084
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)
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(159,084)
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|||||||||||||||||
Balance,
September 30, 2009
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136,659,671
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$
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136,660
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$
|
-
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$
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3,242,419
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$
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(4,887,214)
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(1,508,135)
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||||||||||||||
Common
stock subscriptions received
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- | - |
4,000
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- | - |
4,000
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||||||||||||||||||
Net
loss for period ended
December
31, 2009
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-
|
-
|
-
|
-
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(116,566
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)
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(116,566)
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|||||||||||||||||
Balance,
December 31, 2009
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136,659,671
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$
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136,660
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$
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4,000
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$
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3,242,419
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$
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(5,003,780)
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(1,620,701)
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Nine
months ended
December
31,
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||||||||
2009
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2008
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|||||||
Net
cash used in operations
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||||||||
Net
loss
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$
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(445,740)
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$
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(512,568)
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||||
Adjustments
to reconcile net loss
to
net cash used in operating activities:
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||||||||
Bad
debt allowance
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5,153
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-
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||||||
Common
stock issued for consulting services
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-
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34,375
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||||||
Changes
in operating assets and liabilities:
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||||||||
Accounts
receivable
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(285)
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(4,056)
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||||||
Accounts
payable and accrued liabilities
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210,467
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(38,788)
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||||||
Inventory
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19,665
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-
|
||||||
Prepaid
expenses
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938
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(31,937)
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||||||
Deposits
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-
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(95,630)
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||||||
Net
cash used in operating activities
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(209,802)
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(648,604)
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||||||
Cash flows provided by
investing activities:
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||||||||
Deposit
on acquisition (Note 3)
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(47,575)
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-
|
||||||
Net
cash used in investing activities:
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(47,575)
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-
|
||||||
Cash flows provided by
financing activities:
|
||||||||
Increase
in bank overdraft
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1,821
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-
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||||||
Proceeds
from common stock subscriptions
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4,000
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-
|
||||||
Proceeds
from the issuance of common stock
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-
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205,000
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||||||
Proceeds
from related parties (Note 4)
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251,355
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434,936
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||||||
Net
cash provided by financing activities:
|
257,176
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639,936
|
||||||
Increase
(decrease) in cash
|
(201)
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(8,668)
|
||||||
Cash, beginning
of period
|
201
|
9,335
|
||||||
Cash, end of
period
|
$
|
-
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$
|
667
|
||||
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·
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Issued 10,000,000 common shares
valued at $300,000 pursuant to common stock units subscribed during the
fiscal period ended March 31,
2009.
|
|
·
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Lumonall International acquired
$80,000 of photo luminescent inventory, amounts were paid directly to
unpaid suppliers (Note 7).
|
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·
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Issued 1,243,746 common shares
valued at $34,375 for consulting services
provided.
|
|
·
|
Issued 9,100,000 common shares
valued at $132,490 pursuant to a settlement with a related
party.
|
|
·
|
Issued 500,000 common share units
subscribed, valued at $15,000 for previous consulting services
provided.
|
|
·
|
Issued 3,500,000 common share
units subscribed, valued at $105,000 for previous related party services
provided.
|
December
31, 2009
|
March
31, 2009
|
|||||||
Newlook
Industries Corp.
|
$
|
751,550
|
$
|
565,503
|
||||
Wireless
Age Communications, Inc.
|
84,090
|
35,830
|
||||||
Directors
and/or Officers of the Company
|
177,319
|
207,846
|
||||||
Director
and Officer of the Company deposit loan
|
47,575
|
-
|
||||||
$
|
1,060,534
|
$
|
809,179
|
|
a)
|
Exhibits
|
Exhibit
31.1
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Rule
13a-14(a) Certification of Chief Executive Officer. *
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Exhibit
31.2
|
Rule
13a-14(a) Certification of Chief Financial Officer. *
|
Exhibit
32.1
|
Certification
of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
*
|
Exhibit
32.2
|
Certification
of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
*
|
|
b)
|
Reports
Filed on Form 8-K
|
Lumonall
Inc.
|
|||
Date:
February 22, 2010
|
By:
|
/s/
John Simmonds
|
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Name:
John Simmonds
|
|||
Title:
Chief Executive Officer and Chairman
|
|||
By:
|
/s/
Gary N Hokkanen
|
||
Name:
Gary N. Hokkanen
|
|||
Title:
Chief Financial Officer
|
|||