Delaware
|
33-143215
|
(State
or other jurisdiction of
incorporation
or organization)
|
(I.R.S. Employer
Identification
No.)
|
1420
5th Avenue #220
Seattle,
Washington
|
98101
|
(Address
of principal executive
offices)
|
(Zip
Code)
|
Securities
registered under Section
12(b)
of the Exchange Act:
|
None.
|
Securities
registered under Section
12(g)
of the Exchange Act:
|
None
|
(Title
of class)
|
PART I
|
||
ITEM
1.
|
DESCRIPTION
OF BUSINESS
|
1
|
ITEM
2.
|
PROPERTIES
|
1
|
ITEM
3.
|
LEGAL
PROCEEDINGS
|
1
|
ITEM
4.
|
SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS
|
1
|
PART
II
|
||
ITEM
5.
|
MARKET
FOR REGISTRANT’S COMMON EQUITY; RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
|
2
|
ITEM
6.
|
SELECTED
FINANCIAL DATA
|
3
|
ITEM
7.
|
MANAGEMENT’S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
|
3
|
ITEM
7A.
|
QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
5
|
ITEM
8.
|
FINANCIAL
STATEMENTS AND SUPPLEMENTARY DATA
|
6
|
ITEM
9.
|
CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
|
7
|
ITEM
9A.
|
CONTROLS
AND PROCEDURES
|
7
|
PART
III
|
||
ITEM
10.
|
DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
|
7
|
ITEM
11.
|
EXECUTIVE
COMPENSATION
|
8
|
ITEM
12.
|
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS
|
8
|
ITEM
13.
|
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
|
9
|
ITEM
14.
|
PRINCIPAL
ACCOUNTANT FEES AND SERVICES
|
9
|
PART
IV
|
||
ITEM
15.
|
EXHIBITS,
FINANCIAL STATEMENT SCHEDULES
|
10
|
SIGNATURES
|
12
|
Option
Payments
|
|||||
Payment
|
Amount
|
Status/Date
Due
|
|||
Initial
|
$ | 55,000 |
Paid
|
||
Final
|
$ | 20,000 |
May
15, 2008
|
||
Total
|
$ | 75,000 |
Name
|
Record
Number
|
Units
|
WILLOW
|
530309
|
183.83
|
2008
|
||||||||
High
|
Low
|
|||||||
October
26, 2007 to current
|
$ | 0.20 | $ | 0.20 |
FINANCIAL
STATEMENTS
|
Page
#
|
Report
of Independent Registered Public Accountant (revised)
|
F-1
|
Balance
Sheet
|
F-2
|
Statement
of Operations and Retained Deficit
|
F-3
|
Statement
of Stockholders Equity
|
F-4
|
Cash
Flow Statement
|
F-5
|
Notes
to the Financial Statements
|
F-6
|
12/31/2008
|
12/31/2007
|
|||||||
ASSETS
|
||||||||
CURRENT ASSETS
|
||||||||
Cash
|
$
|
-
|
$
|
10,157
|
||||
Total
Current Assets
|
-
|
10,157
|
||||||
OTHER CURRENT ASSETS
|
||||||||
None
|
-
|
-
|
||||||
Total
Other Current Assets
|
-
|
-
|
||||||
TOTAL
ASSETS
|
$
|
-
|
$
|
10,157
|
||||
LIABILITIES AND STOCKHOLDERS'
EQUITY
|
||||||||
CURRENT LIABILITIES
|
||||||||
Accrued
Expenses
|
$
|
1,950
|
$
|
5,250
|
||||
Payable
agreement for claim rights
|
-
|
20,000
|
||||||
Total
Current Liabilities
|
1,950
|
25,250
|
||||||
LONG-TERM LIABILITIES
|
||||||||
Payable
agreement for claim rights
|
-
|
-
|
||||||
TOTAL
LIABILITIES
|
1,950
|
25,250
|
||||||
STOCKHOLDERS' EQUITY
|
||||||||
Common
Stock, $.001 par value
|
||||||||
Authorized:
200,000,000
|
||||||||
Issued:
18,000,000and 15,902,624, respectively
|
18,000
|
15,903
|
||||||
Additional
paid in capital
|
469,700
|
71,797
|
||||||
Accumulated
deficit during development stage
|
(489,650
|
)
|
(102,793
|
)
|
||||
Total
Stockholders' Equity
|
(1,950
|
)
|
(15,093
|
)
|
||||
TOTAL
LIABILITIES AND EQUITY
|
$
|
-
|
$
|
10,157
|
12
MONTHS
|
12
MONTHS
|
|||||||||||
ENDING
|
ENDING
|
FROM
|
||||||||||
12/31/08
|
12/31/07
|
INCEPTION
|
||||||||||
REVENUE
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||
COST OF SERVICES
|
-
|
-
|
-
|
|||||||||
GROSS PROFIT OR (LOSS)
|
-
|
-
|
-
|
|||||||||
COMPENSATION IN THE FORM OF
STOCK
|
400,000
|
10,000
|
410,000
|
|||||||||
GENERAL AND ADMINISTRATIVE
EXPENSES
|
6,857
|
5,186
|
24,650
|
|||||||||
GENERAL EXPLORATION
|
-
|
-
|
75,000
|
|||||||||
OTHER INCOME
|
20,000
|
-
|
20,000
|
|||||||||
OPERATING INCOME
|
(386,857
|
)
|
(15,186
|
)
|
(489,650
|
)
|
||||||
ACCUMULATED DEFICIT,
BEGINNING
|
(102,793
|
)
|
(87,607
|
)
|
-
|
|||||||
ACCUMULATED DEFICIT, ENDING
|
$
|
(489,650
|
)
|
$
|
(102,793
|
)
|
$
|
(489,650
|
)
|
|||
Earnings (loss) per share,
basic
|
$
|
(0.024
|
)
|
$
|
(0.001
|
)
|
$
|
(0.031
|
)
|
|||
Weighted average number of common
shares
|
16,134,076
|
15,894,016
|
15,939,244
|
ADDITIONAL
|
||||||||||||||||||||
COMMON
|
PAR
|
PAID
IN
|
ACCUM.
|
TOTAL
|
||||||||||||||||
STOCK
|
VALUE
|
CAPITAL
|
DEFICIT
|
EQUITY
|
||||||||||||||||
|
|
|
|
|
||||||||||||||||
Common stock issued for
compensation April 11, 2006 at $0.001 per
share
|
9,902,624 | $ | 9,903 | $ | 97 | $ | - | $ | 10,000 | |||||||||||
Common stock issued for
cash April 16, 2006
at $0.01 per share
on private placement
|
5,941,575 | 5,942 | 54,058 | - | 60,000 | |||||||||||||||
Net
income (loss)
|
(87,607 | ) | (87,607 | ) | ||||||||||||||||
Balance,
December 31, 2006
|
15,844,199 | $ | 15,844 | $ | 54,156 | $ | (87,607 | ) | $ | (17,607 | ) | |||||||||
Common stock issued for
cash February 21,
2007 at $0.30 per
share on private placement
|
58,425 | 58 | 17,642 | - | 17,700 | |||||||||||||||
Cancellation of common
stock issued for
cash March 21, 2007 at $.30 per
share
|
(990 | ) | (1 | ) | (299 | ) | - | (300 | ) | |||||||||||
Common Stock issued for
cash July 4, 2007 at
$0.30 per share on
private placement
|
990 | 1 | 299 | - | 300 | |||||||||||||||
Net
income (loss)
|
(15,186 | ) | (15,186 | ) | ||||||||||||||||
Balance,
December 31, 2007
|
15,902,624 | $ | 15,903 | $ | 71,797 | $ | (102,793 | ) | $ | (15,093 | ) | |||||||||
Retroactively applied
share issuance
treated as a 0.99026241954-to-1 reverse stock split at par
value, $0.001 per
share on April 17, 2008
|
||||||||||||||||||||
Cancellation of common stock
issued for compensation at $0.001 per share
on September 12,
2008
|
(9,902,624 | ) | (9,903 | ) | (97 | ) | - | (10,000 | ) | |||||||||||
Common stock issued for
compensation September 12, 2008 at $0.001 per
share
|
10,000,000 | 10,000 | - | - | 10,000 | |||||||||||||||
Common stock issued for
compensation November 24, 2008 at $0.20 per
share
|
2,000,000 | 2,000 | 398,000 | - | 400,000 | |||||||||||||||
Net
income (loss)
|
(386,857 | ) | (386,857 | ) | ||||||||||||||||
Balance,
December 31, 2008
|
18,000,000 | $ | 18,000 | $ | 469,700 | $ | (489,650 | ) | $ | (1,950 | ) |
12
MONTHS
|
12
MONTHS
|
|||||||||||
ENDING
|
ENDING
|
FROM
|
||||||||||
|
12/31/08
|
12/31/07
|
INCEPTION
|
|||||||||
CASH FLOWS FROM OPERATING
ACTIVITIES
|
||||||||||||
Net
income (loss)
|
$
|
(386,857
|
)
|
$
|
(15,186
|
)
|
$
|
(489,650
|
)
|
|||
Adjustments
to reconcile net income to net cash
|
||||||||||||
provided
by (used in) operating activities:
|
||||||||||||
Stock
issued in the form of compensation
|
400,000
|
-
|
410,000
|
|||||||||
Increase
(Decrease) in Accrued Expenses
|
(3,300
|
)
|
2,750
|
1,950
|
||||||||
Increase
(Decrease) in claims payable
|
(20,000
|
)
|
-
|
-
|
||||||||
Total
adjustments to net income
|
376,700
|
2,750
|
411,950
|
|||||||||
Net
cash provided by (used in) operating activities
|
(10,157
|
)
|
(12,436
|
)
|
(77,700
|
)
|
||||||
CASH FLOWS FROM INVESTING
ACTIVITIES
|
||||||||||||
None
|
-
|
-
|
-
|
|||||||||
Net
cash flows provided by (used in) investing activities
|
-
|
-
|
-
|
|||||||||
CASH FLOWS FROM FINANCING
ACTIVITIES
|
||||||||||||
Cash
paid to related party
|
-
|
-
|
-
|
|||||||||
Proceeds
from stock issuance
|
.
|
17,700
|
77,700
|
|||||||||
Net
cash provided by (used in) financing activities
|
-
|
17,700
|
77,700
|
|||||||||
CASH RECONCILIATION
|
||||||||||||
Net
increase (decrease) in cash
|
(10,157
|
)
|
5,264
|
-
|
||||||||
Cash
- beginning balance
|
10,157
|
4,893
|
-
|
|||||||||
CASH BALANCE END OF PERIOD
|
$
|
-
|
$
|
10,157
|
$
|
-
|
Deferred
tax assets:
|
||||
Federal
net operating loss
|
$
|
73,448
|
||
State
net operating loss
|
24,482
|
|||
Total
deferred tax assets
|
97,930
|
|||
Less
valuation allowance
|
(97,930
|
)
|
||
$
|
—
|
2008
|
2007
|
|||||||
Federal
income tax rate
|
(15.0 | )% | (15.0 | )% | ||||
State
tax, net of federal benefit
|
(5.0 | )% | (5.0 | )% | ||||
Increase
in valuation allowance
|
20.0 | % | 20.0 | % | ||||
Effective
income tax rate
|
0.0 | % | 0.0 | % |
NAME
|
AGE
|
POSITION
|
Andrey
Oks
|
30
|
President,
Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer,
Director
|
Name
and Principal
Position
|
Year
|
Salary
|
Bonus
|
Stock
Awards
($)
|
Option
Awards
($)
|
Totals
($)
|
||||||||||||||||
Andrey
Oks, Chief
|
2008
|
$
|
0
|
N/A
|
N/A
|
N/A
|
$
|
0
|
||||||||||||||
Executive
Officer, Chief
|
||||||||||||||||||||||
Financial
Officer,
|
2007
|
$
|
N/A
|
N/A
|
N/A
|
N/A
|
$
|
N/A
|
||||||||||||||
Secretary,
Treasure, and
|
||||||||||||||||||||||
Director
|
(1)
|
Mr. Oks
received 10,000,000 shares for services rendered to us. He will not
receive such compensation in the
future.
|
Name
And Address Of
Beneficial
Owner (1)
|
Amount
And
Nature
Of
Beneficial
Ownership
|
Percent
Of
Outstanding
Shares
|
||||||
5%
Stockholders, Director And Named Executive Officer
|
||||||||
Andrey
Oks
|
10,000,000 | 62.3 | % | |||||
Officers
And Directors
As
A Group (1 In Number)
|
10,000,000 | 62.3 | % |
14.1
|
Code
of Ethics (1)
|
31.1
|
Certification
of Principal Executive Officer and Principal Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
|
32.1
|
Certification
of Principal Executive Officer and Principal Financial Officer Pursuant to
Section 906 of the Sarbanes-Oxley Act of
2002
|