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| Large accelerated filer | o | Accelerated filer | o |
| Non-accelerated filer | o | Smaller reporting company | þ |
| PART I - FINANCIAL INFORMATION | Page | ||||
| Item 1. | Financial Statements | 3 | |||
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17 | |||
| Item 4. | Controls and Procedures | 18 | |||
| PART II – OTHER INFORMATION | |||||
| Item 1. | Legal Proceedings | 19 | |||
| Item 5. | Other Information | 19 | |||
| Item 6. | Exhibits | 20 | |||
| SIGNATURES | 21 | ||||
| Page | ||||
| Consolidated Balance Sheets (Unaudited) | 4 | |||
| Consolidated Statements of Operations For The Three Month Periods Ended September 30, 2010 and 2009 and the Period from September 20, 1996 (Inception) to September 30, 2010 (Unaudited) | 5 | |||
| Statements of Changes in Stockholders’ Deficit For The Three Month Periods Ended September 30, 2010 and 2009 and the Period from September 20, 1996 (Inception) to September 30, 2010 (Unaudited) | 6 | |||
| Consolidated Statements of Cash Flows For The Three Month Periods Ended September 30, 2010 and 2009 and the Period from September 20, 1996 (Inception) to September 30, 2010 (Unaudited) | 9 | |||
| Notes to Unaudited Financial Statements | 10 | |||
|
(A development stage company)
|
||||||||
|
|
||||||||
|
(Unaudited)
|
||||||||
|
September 30,
2010
|
June 30,
2010
|
|||||||
|
ASSETS
|
||||||||
|
CURRENT ASSETS:
|
||||||||
|
Cash & cash equivalents
|
$ | 49,744 | $ | 4,868 | ||||
|
Account receivable
|
13,414 | 204 | ||||||
|
Advances to supplier
|
40,000 | - | ||||||
|
Total current assets
|
103,158 | 5,072 | ||||||
|
Property and equipment, net
|
3,766 | 6,817 | ||||||
|
Total Assets
|
$ | 106,924 | $ | 11,889 | ||||
|
LIABILITIES AND STOCKHOLDERS' DEFICIT
|
||||||||
|
CURRENT LIABILITIES:
|
||||||||
|
Accounts payable and accrued expenses
|
$ | 340,861 | $ | 333,235 | ||||
|
Due to related party
|
1,126 | 6,539 | ||||||
|
Advances
|
- | 890 | ||||||
|
Notes payable - related parties
|
142,500 | 142,500 | ||||||
|
Series B preferred shares to be issued, net of debt issuance cost
|
602 | - | ||||||
|
Total current liabilities
|
485,089 | 483,164 | ||||||
|
Long term notes payable - related party
|
10,000 | 10,000 | ||||||
|
Related party convertible debenture, net of beneficial conversion feature
|
3,010 | - | ||||||
|
Total long term liabilities
|
13,010 | 10,000 | ||||||
|
Total Liabilities
|
498,098 | 493,164 | ||||||
|
COMMITMENT & CONTINGENCY
|
||||||||
|
STOCKHOLDERS' DEFICIT:
|
||||||||
|
Preferred stock, 10,000,000 authorized par $0.001
|
||||||||
|
Series A: 5,000,000 shares issued
|
5,000 | 5,000 | ||||||
|
Series B: 1,600,000 and 1,600,000 shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively
|
1,600 | 1,600 | ||||||
|
Common stock, $0.001 par value; 190,000,000 shares authorized; 184,315,200 and 184,315,200 shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively
|
184,315 | 184,315 | ||||||
|
Additional paid-in capital
|
3,827,505 | 3,727,505 | ||||||
|
Deficit accumulated during the development stage
|
(4,409,594 | ) | (4,399,695 | ) | ||||
|
Total stockholders' deficit
|
(391,174 | ) | (481,275 | ) | ||||
|
Total Liabilities and Stockholders' Deficit
|
$ | 106,924 | $ | 11,889 | ||||
|
(A development stage company)
|
|||||
|
|
|||||
|
FOR THE THREE-MONTH PERIODS ENDED SEPTEMBER 30, 2010 AND 2009
|
|||||
|
AND FOR THE PERIOD FROM SEPTEMBER 20, 1996 (INCEPTION) TO SEPTEMBER 30, 2010
|
|||||
|
(Unaudited)
|
|
For The Three-Month Periods
Ended
September 30,
|
For The Period From September 20, 1996 (Inception) to
September 30,
|
|||||||||||
|
2010
|
2009
|
2010 | ||||||||||
|
NET REVENUE
|
$ | 50,184 | $ | 8,241 | $ | 143,410 | ||||||
|
Cost of Revenue
|
38,276 | 14,823 | 184,264 | |||||||||
|
GROSS PROFIT (LOSS)
|
11,908 | (6,582 | ) | (40,854 | ) | |||||||
|
COSTS AND EXPENSES
|
||||||||||||
|
Product Launch Expenses
|
- | - | 1,077,785 | |||||||||
|
Impairment of Assets
|
- | - | 1,196,383 | |||||||||
|
General & Administrative Expenses
|
14,014 | 9,981 | 1,795,505 | |||||||||
|
TOTAL COSTS AND EXPENSES
|
14,014 | 9,981 | 4,069,673 | |||||||||
|
OTHER INCOME (EXPENSES)
|
||||||||||||
|
Other Income
|
- | - | 1,928 | |||||||||
|
Interest Expense
|
(3,983 | ) | (2,869 | ) | (49,751 | ) | ||||||
|
BCF Expense
|
(3,010 | ) | - | (3,010 | ) | |||||||
|
Unallocated Accrued Expenses Reversed
|
- | - | 150,123 | |||||||||
|
Settlement Income
|
- | - | 52,600 | |||||||||
|
Loss on Debt Settlement
|
- | - | (23,033 | ) | ||||||||
|
Litigation Settlement
|
- | - | (135,000 | ) | ||||||||
|
TOTAL OTHER EXPENSES
|
(6,993 | ) | (2,869 | ) | (6,143 | ) | ||||||
|
NET LOSS BEFORE INCOME TAXES
|
(9,099 | ) | (19,432 | ) | (4,116,670 | ) | ||||||
|
Provision of Income Taxes
|
800 | 800 | 14,400 | |||||||||
|
NET LOSS
|
$ | (9,899 | ) | $ | (20,232 | ) | $ | (4,131,070 | ) | |||
|
* WEIGHTED AVERAGE SHARES OF COMMON STOCK
OUTSTANDING, BASIC AND DILUTED
|
241,315,200 | 223,231,867 | ||||||||||
|
BASIC NET LOSS PER SHARE
|
$ | (0.00 | ) | $ | (0.00 | ) | ||||||
|
* Weighted average number of shares used to compute basic and diluted loss per share is the same as the effect of dilutive securities are anti dilutive.
|
|
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
|
|||||||||||||||||||
|
(A development stage company)
|
|||||||||||||||||||
|
STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
|
|||||||||||||||||||
|
FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2010
|
|||||||||||||||||||
|
AND FOR THE PERIOD FROM SEPTEMBER 20, 1996 (INCEPTION) TO SEPTEMBER 30, 2010
|
|||||||||||||||||||
|
(Unaudited)
|
|
Preferred Stock
|
Common Stock
|
Additional
Paid In
Capital
|
Shares
to Be
Issued
|
Accumulated
Deficit
|
Stockholders'
Deficit
|
Advance
Subscriptions
|
Common Stock
Subject to
Contingency
|
|||||||||||||||||||||||||||||||||
|
Number of
|
Par
|
Number of
|
Par
|
|||||||||||||||||||||||||||||||||||||
|
Shares
|
Value
|
Shares
|
Value
|
|||||||||||||||||||||||||||||||||||||
|
Common Stock issued for cash
|
||||||||||||||||||||||||||||||||||||||||
|
through June 30, 1997
|
- | $ | - | 176,306 | $ | 1,763 | $ | 106,162 | $ | - | $ | - | $ | 107,925 | $ | - | $ | - | ||||||||||||||||||||||
|
Common stock issued for services
|
||||||||||||||||||||||||||||||||||||||||
|
through June 30, 1997
|
- | - | 621,545 | 6,215 | - | - | - | 6,215 | - | - | ||||||||||||||||||||||||||||||
|
Net loss through June 30, 1997
|
- | - | - | - | - | - | (96,933 | ) | (96,933 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 0, 1997
|
- | - | 797,851 | 7,978 | 106,162 | - | (96,933 | ) | 17,207 | - | - | |||||||||||||||||||||||||||||
|
Common Stock issued for cash
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 1998
|
- | - | 137,475 | 1,375 | 194,650 | - | - | 196,025 | - | - | ||||||||||||||||||||||||||||||
|
Common stock issued for services
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 1998
|
- | - | 22,550 | 226 | - | - | - | 226 | - | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 1998
|
- | - | - | - | - | - | (283,891 | ) | (283,891 | ) | - | - | ||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
Balance at June 30, 1998
|
- | - | 957,876 | 9,579 | 300,812 | - | (380,824 | ) | (70,433 | ) | - | - | ||||||||||||||||||||||||||||
|
Common Stock issued for cash
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 1999
|
- | - | 208,000 | - | - | - | - | - | - | 60,996 | ||||||||||||||||||||||||||||||
|
Common stock issued for services
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 1999
|
- | - | 450 | - | - | - | - | - | - | 4 | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 1999
|
- | - | - | - | - | - | (89,919 | ) | (89,919 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 1999
|
- | - | 1,166,326 | 9,579 | 300,812 | - | (470,743 | ) | (160,352 | ) | - | 61,000 | ||||||||||||||||||||||||||||
|
Acquisition and retirement of Common shares
|
- | - | (262,000 | ) | (2,620 | ) | - | - | - | (2,620 | ) | - | - | |||||||||||||||||||||||||||
|
Common Stock issued for cash
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 2000
|
- | - | 117,184 | - | - | - | - | - | - | 202,061 | ||||||||||||||||||||||||||||||
|
Common stock issued for services
|
||||||||||||||||||||||||||||||||||||||||
|
in the year ended June 30, 2000
|
- | - | 354,870 | - | - | - | - | - | - | 3,549 | ||||||||||||||||||||||||||||||
|
Post acquisition stock subscription funds
|
||||||||||||||||||||||||||||||||||||||||
|
received net of costs & expenses of $79,710
|
- | - | - | - | - | - | - | - | 1,175,790 | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2000
|
- | - | - | - | - | - | (986,986 | ) | (986,986 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2000
|
- | - | 1,376,380 | 6,959 | 300,812 | - | (1,457,729 | ) | (1,149,958 | ) | 1,175,790 | 266,610 | ||||||||||||||||||||||||||||
|
Post acquisition stock subscription funds
|
||||||||||||||||||||||||||||||||||||||||
|
received
|
- | - | - | - | - | - | - | - | 487,500 | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2001
|
- | - | - | - | - | - | (544,080 | ) | (544,080 | ) | - | - | ||||||||||||||||||||||||||||
|
Preferred Stock
|
Common Stock
|
Additional
Paid In
Capital
|
Shares
to Be
Issued
|
Accumulated
Deficit
|
Stockholders'
Deficit
|
Advance
Subscriptions
|
Common Stock
Subject to
Contingency
|
|||||||||||||||||||||||||||||||||
|
Number of
Shares
|
Par
Value
|
Number of
Shares
|
Par
Value
|
|||||||||||||||||||||||||||||||||||||
|
Balance at June 30, 2001
|
- | - | 1,376,380 | 6,959 | 300,812 | - | (2,001,809 | ) | (1,694,038 | ) | 1,663,290 | 266,610 | ||||||||||||||||||||||||||||
|
Recapitalization upon merger
|
- | - | 118,681,333 | 113,099 | (300,812 | ) | - | (278,527 | ) | (466,240 | ) | - | - | |||||||||||||||||||||||||||
|
Stock subscription received for 500,000 shares
|
- | - | - | - | - | 29,983 | - | 29,983 | - | - | ||||||||||||||||||||||||||||||
|
Stock issued for services
|
- | - | 2,532,581 | 119,031 | - | - | - | 119,031 | - | - | ||||||||||||||||||||||||||||||
|
Stock to be issued for services-3,275,472 shares
|
- | - | - | - | - | 153,947 | - | 153,947 | - | - | ||||||||||||||||||||||||||||||
|
Adjustment to paid in capital on merger
|
- | - | - | (116,499 | ) | 116,499 | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2002
|
- | - | - | - | - | - | (478,229 | ) | (478,229 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2002
|
- | - | 122,590,294 | 122,590 | 116,499 | 183,930 | (2,758,565 | ) | (2,335,546 | ) | 1,663,290 | 266,610 | ||||||||||||||||||||||||||||
|
Stock issued for subscription received in the prior year
|
- | - | 500,000 | 500 | 29,483 | (29,983 | ) | - | - | - | - | |||||||||||||||||||||||||||||
|
Stock issued for services included in the prior period
|
- | - | 3,275,472 | 3,275 | 150,672 | (153,947 | ) | - | - | - | - | |||||||||||||||||||||||||||||
|
Forfeiture of stock subscription
|
- | - | - | - | 10,000 | - | - | 10,000 | - | - | ||||||||||||||||||||||||||||||
|
Cancellation of over issued shares on recapitalization
|
- | - | (73,017 | ) | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2003
|
- | - | - | - | - | - | (47,272 | ) | (47,272 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2003
|
- | - | 126,292,749 | 126,365 | 306,654 | - | (2,805,837 | ) | (2,372,818 | ) | 1,663,290 | 266,610 | ||||||||||||||||||||||||||||
|
Adjustment to par value
|
- | - | - | (72 | ) | 72 | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Issuance of shares for cash
|
- | - | 2,000,000 | 2,000 | 18,000 | - | - | 20,000 | - | - | ||||||||||||||||||||||||||||||
|
Issuance of shares for services
|
- | - | 4,000,000 | 4,000 | 212,000 | - | - | 216,000 | - | - | ||||||||||||||||||||||||||||||
|
Issuance of shares for acquisition of Planet Halo
|
- | - | 9,999,998 | 10,000 | 490,000 | - | - | 500,000 | - | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2004
|
- | - | - | - | - | - | (514,639 | ) | (514,639 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2004
|
- | - | 142,292,747 | 142,293 | 1,026,726 | - | (3,320,476 | ) | (2,151,457 | ) | 1,663,290 | 266,610 | ||||||||||||||||||||||||||||
|
Reclassify contingent liabilities to Additional Paid In Capital
|
- | - | - | - | 1,929,900 | - | - | 1,929,900 | (1,663,290 | ) | (266,610 | ) | ||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2005
|
- | - | - | - | - | - | (544,284 | ) | (544,284 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2005
|
- | - | 142,292,747 | 142,293 | 2,956,626 | - | (3,864,761 | ) | (765,841 | ) | - | - | ||||||||||||||||||||||||||||
|
Loans converted to Paid in Capital
|
- | - | - | - | 281,708 | - | - | 281,708 | - | - |
|
Preferred Stock
|
Common Stock
|
Additional
Paid In
Capital
|
Shares
to Be
Issued
|
Accumulated
Deficit
|
Stockholders'
Deficit
|
Advance
Subscriptions
|
Common Stock
Subject to
Contingency
|
|||||||||||||||||||||||||||||||||
|
Number of
Shares
|
Par
Value
|
Number of
Shares
|
Par
Value
|
|||||||||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2006
|
- | - | - | - | - | - | (44,552 | ) | (44,552 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2006
|
- | - | 142,292,747 | 142,293 | 3,238,334 | - | (3,909,313 | ) | (528,686 | ) | - | - | ||||||||||||||||||||||||||||
|
Issuance of shares for services
|
- | - | 5,000,000 | 5,000 | 30,000 | - | - | 35,000 | - | - | ||||||||||||||||||||||||||||||
|
Issuance of shares for cash
|
- | - | 27,027,027 | 27,027 | 62,973 | - | - | 90,000 | - | - | ||||||||||||||||||||||||||||||
|
Issuance of shares for debt settlement
|
- | - | 3,003,003 | 3,003 | 30,030 | - | - | 33,033 | - | - | ||||||||||||||||||||||||||||||
|
Net income for the year ended June 30, 2007
|
- | - | - | - | - | - | 38,214 | 38,214 | - | - | ||||||||||||||||||||||||||||||
|
Balance at June 30, 2007
|
- | - | 177,322,777 | 177,323 | 3,361,337 | - | (3,871,095 | ) | (332,434 | ) | - | - | ||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2008
|
- | - | - | - | - | - | (350,866 | ) | (350,866 | ) | - | - | ||||||||||||||||||||||||||||
|
Shares issued for cash
|
- | - | 909,090 | 909 | 9,091 | - | - | 10,000 | - | - | ||||||||||||||||||||||||||||||
|
Issuance of Shares for Purchase of Wireless Village
|
5,000,000 | 5,000 | - | - | 245,000 | - | - | 250,000 | - | - | ||||||||||||||||||||||||||||||
|
Balance at June 30, 2008
|
5,000,000 | 5,000 | 178,231,867 | 178,232 | 3,615,428 | - | (4,221,961 | ) | (423,301 | ) | - | - | ||||||||||||||||||||||||||||
|
Shares issued for cash
|
1,000,000 | 1,000 | - | - | 49,000 | - | - | 50,000 | - | - | ||||||||||||||||||||||||||||||
|
Debt settlement with a shareholder
|
- | - | - | - | 18,468 | - | - | 18,468 | - | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2009
|
- | - | - | - | - | - | (72,915 | ) | (72,915 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2009
|
6,000,000 | 6,000 | 178,231,867 | 178,232 | 3,682,896 | - | (4,294,876 | ) | (427,748 | ) | - | - | ||||||||||||||||||||||||||||
|
Preferred shares issued for cash
|
600,000 | 600 | - | - | 29,400 | - | - | 30,000 | - | - | ||||||||||||||||||||||||||||||
|
Common shares issued for compensation
|
- | - | 6,083,333 | 6,083 | 15,209 | - | - | 21,292 | - | - | ||||||||||||||||||||||||||||||
|
Net loss for the year ended June 30, 2010
|
- | - | - | - | - | - | (104,819 | ) | (104,819 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at June 30, 2010
|
6,600,000 | 6,600 | 184,315,200 | 184,315 | 3,727,505 | - | (4,399,695 | ) | (481,275 | ) | - | - | ||||||||||||||||||||||||||||
|
Beneficial conversion feature
|
- | - | - | - | 100,000 | - | - | 100,000 | - | - | ||||||||||||||||||||||||||||||
|
Net loss for the quarter ended September 30, 2010
|
- | - | - | - | - | - | (9,899 | ) | (9,899 | ) | - | - | ||||||||||||||||||||||||||||
|
Balance at September 30, 2010
|
6,600,000 | $ | 6,600 | 184,315,200 | $ | 184,315 | $ | 3,827,505 | $ | - | $ | (4,409,594 | ) | $ | (391,174 | ) | $ | - | $ | - |
|
(A development stage company)
|
||||||||
|
|
||||||||
|
FOR THE THREE-MONTH PERIODS ENDED SEPTEMBER 30, 2010 AND 2009
|
||||||||
|
AND FOR THE PERIOD FROM SEPTEMBER 20, 1996 (INCEPTION) TO SEPTEMBER 30, 2010
|
||||||||
|
(Unaudited)
|
|
For the Three Month Periods
Ended
September 30,
|
For the period from September 20, 1996 (inception) to
September 30,
|
|||||||||||
| 2010 | 2009 | 2010 | ||||||||||
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||||
|
Net loss
|
$ | (9,899 | ) | $ | (20,232 | ) | $ | (4,131,070 | ) | |||
|
Adjustments to reconcile net loss to net cash used in
|
||||||||||||
|
operating activities:
|
||||||||||||
|
Impairment of goodwill/asset
|
- | - | 950,583 | |||||||||
|
Depreciation and amortization
|
3,051 | 5,904 | 52,722 | |||||||||
|
Beneficial conversion feature expense
|
3,010 | - | 3,010 | |||||||||
|
Amortization of debt issuance cost
|
602 | - | 602 | |||||||||
|
Stock issued for services
|
- | - | 552,644 | |||||||||
|
Loss on settlement of debts
|
- | - | 23,033 | |||||||||
|
Unallocated accrued expense reversed
|
- | - | (150,123 | ) | ||||||||
|
(Increase) decrease in current assets:
|
||||||||||||
|
Accounts Receivable
|
(13,210 | ) | 1,182 | (13,414 | ) | |||||||
|
Prepayment for inventory
|
(40,000 | ) | 196 | (285,801 | ) | |||||||
|
Increase (decrease) in current liabilities:
|
||||||||||||
|
Advance subscription
|
(890 | ) | (59 | ) | - | |||||||
|
Accounts payable & Accrued expense
|
7,626 | (7,391 | ) | 411,805 | ||||||||
|
Net cash used in operating activities
|
(49,711 | ) | (20,400 | ) | (2,586,010 | ) | ||||||
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
||||||||||||
|
Cash received on acquisition of subsidiary
|
- | - | 34,421 | |||||||||
|
Note Due - related party
|
- | - | (81,808 | ) | ||||||||
|
Purchase of equipment
|
- | - | (56,241 | ) | ||||||||
|
Net cash used in investing activities
|
- | - | (103,628 | ) | ||||||||
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||||
|
Due from/to related party
|
(5,413 | ) | (7,963 | ) | 6,602 | |||||||
|
Proceeds from Shares to be Issued
|
- | - | 737,007 | |||||||||
|
Proceeds from sale of preferred stock
|
- | 30,000 | 30,000 | |||||||||
|
Proceeds from stock subscription forfeited
|
- | - | 10,000 | |||||||||
|
Proceeds from advance subscriptions
|
- | - | 1,772,983 | |||||||||
|
Costs and expenses of advance subscriptions
|
- | - | (79,710 | ) | ||||||||
|
Proceeds from related party loans
|
- | - | 162,500 | |||||||||
|
Proceeds from convertible debenture
|
100,000 | - | 100,000 | |||||||||
|
Net cash provided by financing activities
|
94,587 | 22,037 | 2,739,382 | |||||||||
|
NET INCREASE IN CASH & CASH EQUIVALENTS
|
44,876 | 1,637 | 49,744 | |||||||||
|
CASH & CASH EQUIVALENTS, BEGINNING BALANCE
|
4,868 | 2,566 | - | |||||||||
|
CASH & CASH EQUIVALENTS, ENDING BALANCE
|
$ | 49,744 | $ | 4,203 | $ | 49,744 | ||||||
|
NON-CASH INVESTING & FINANCING ACTIVITIES
|
||||||||||||
|
Series B preferred shares to be issued for debt issuance
|
$ | 20,000 | $ | - | $ | 20,000 | ||||||
|
September 30,
2010
|
June 30,
2010
|
|||||||
|
Account payable
|
$ | 129,974 | $ | 109,213 | ||||
|
Accrued judgment
|
135,000 | 135,000 | ||||||
|
Accrued interest
|
72,387 | 69,022 | ||||||
|
Accrued accounting fees
|
3,500 | 20,000 | ||||||
|
Total
|
$ | 340,861 | $ | 333,235 | ||||
|
Notes payable consisted of the following at:
|
Sept. 30, 2010
|
June 30, 2010
|
||||||
|
Current Liabilities:
|
||||||||
|
Notes payable to shareholder, interest rate of 8%, unsecured and payable on October 1, 2006 (past due)
|
$ | 35,000 | $ | 35,000 | ||||
|
Notes payable to director/shareholder, non-interest bearing unsecured and payable on demand
|
8,500 | 8,500 | ||||||
|
Notes payable to shareholder, interest rate of 10%, unsecured and payable on July 31, 2004 (past due)
|
5,000 | 5,000 | ||||||
|
Notes payable to shareholder, interest rate of 10%, unsecured and payable on October 1, 2004 (past due)
|
28,000 | 28,000 | ||||||
|
Notes payable to shareholder, interest rate of 8%, unsecured and payable on October 1, 2004 (past due)
|
14,000 | 14,000 | ||||||
|
Notes payable to director/shareholder, interest rate of 8%,
unsecured and payable on September 1, 2004 (past due)
|
3,500 | 3,500 | ||||||
|
Notes payable to shareholder, interest rate of 8%, unsecured and payable on October 1, 2005 (past due)
|
20,000 | 20,000 | ||||||
|
Notes payable to director/shareholder, interest rate of 8%, unsecured and payable on February 1, 2006 (past due)
|
5,000 | 5,000 | ||||||
|
Notes payable to director/shareholder, interest rate of 8%, unsecured and payable on June 1, 2006 (past due)
|
5,000 | 5,000 | ||||||
|
Notes payable to director/shareholder, interest rate of 8%, unsecured and payable on February 1, 2006 (past due)
|
2,500 | 2,500 | ||||||
|
Notes payable to director/shareholder, interest rate of 6%, unsecured and payable on September 1, 2007 (past due)
|
1,000 | 1,000 | ||||||
|
Notes payable to shareholder, interest rate of 8%, unsecured and payable on November 1, 2007 (past due)
|
15,000 | 15,000 | ||||||
|
Total Current Liabilities
|
$ | 142,500 | $ | 142,500 | ||||
|
Long term notes payable to shareholder, interest rate of 6%, unsecured and payable on February 1, 2012
|
$ | 10,000 | $ | 10,000 | ||||
|
Convertible debenture, net of beneficial conversion feature, interest rate of 6%, payable on September 8, 2012
|
3,010 | - | ||||||
|
Total Long Term Liabilities
|
$ | 13,010 | $ | 10,000 | ||||
| Exhibit |
|
Item
|
|
|
2
|
-
|
Stock Purchase Agreement of March 6, 2000 between Starfest, Inc. and MAS Capital, Inc.*
|
|
|
2
|
-
|
Stock Purchase Agreement among Concierge Technologies, Inc., Wireless Village, Inc., Bill Robb and Daniel Britt.++
|
|
|
3.1
|
-
|
Certificate of Amendment of Articles of Incorporation of Starfest, Inc. and its earlier articles of incorporation.*
|
|
|
3.2
|
-
|
Bylaws of Concierge, Inc., which became the Bylaws of Concierge Technologies upon its merger with Starfest, Inc. on March 20, 2002.*
|
|
|
3.5
|
-
|
Articles of Merger of Starfest, Inc. and Concierge, Inc. filed with the Secretary of State of Nevada on March 1, 2002.**
|
|
|
3.6
|
-
|
Agreement of Merger between Starfest, Inc. and Concierge, Inc. filed with the Secretary of State of California on March 20, 2002.**
|
|
|
3.7
|
-
|
Articles of Incorporation of Concierge Technologies, Inc. filed with the Secretary of State of Nevada on April 20, 2005.+
|
|
|
3.8
|
-
|
Articles of Merger between Concierge Technologies, Inc., a California corporation, and Concierge Technologies, Inc., a Nevada corporation, filed with the Secretary of State of Nevada on March 2, 2006 and the Secretary of State of California on October 5, 2006.+
|
|
|
10.1
14
|
-
-
|
Agreement of Merger between Starfest, Inc. and Concierge, Inc.*
Code of Ethics for CEO and Senior Financial Officers.***
|
|
|
-
|
Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
-
|
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
-
|
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.
|
|
|
-
|
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.
|
|
|
*Previously filed with Form 8-K12G3 on March 10, 2000; Commission File No. 000-29913, incorporated herein.
|
|
|
**Previously filed with Form 8-K on April 2, 2002; Commission File No. 000-29913, incorporated herein.
|
|
|
***Previously filed with Form 10-K FYE 06-30-04 on October 13, 2004; Commission File No. 000-29913, incorporated herein.
|
|
|
+Previously filed with Form 10-K FYE 06-30-06 on October 13, 2006; Commission File No. 000-29913, incorporated herein.
|
|
|
++Previously filed on November 5, 2007 as Exhibit 10.2 to Concierge Technologies’ Form 8-K for the Current Period 10-30-07; Commission File No. 000-29913, incorporated herein.
|
| CONCIERGE TECHNOLOGIES, INC. | |||
|
Dated: November 22, 2010
|
By:
|
/s/ David W. Neibert | |
| David W. Neibert, Chief Executive Officer | |||
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|