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MSSD > SEC Filings for MSSD > Form 10-Q on 19-Nov-2012All Recent SEC Filings

Show all filings for MASSIVE DYNAMICS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 10-Q for MASSIVE DYNAMICS, INC.


19-Nov-2012

Quarterly Report


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following information should be read in conjunction with (i) the financial statements of Massive Dynamics, Inc., a Nevada corporation and development stage company, and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the March 31, 2012 audited financial statements and related notes included in the Company's Amended Form 10 as filed with the Securities and Exchange Commission on May 27, 2011.
Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute "forward-looking" statements

OVERVIEW

Going Concern

We were formed in Nevada on March 15, 2011. To date the Company has limited operations and revenues and consequently has incurred losses from operations.
Our independent public accounting firm has issued an opinion for us which includes a statement raising substantial doubt as to our ability to continue as a going concern.

We were a "shell company" until we entered into Services Agreement with Horizon Tower, LLC on July 11, 2011. Accordingly, comparisons between the current period and any other period are not meaningful.

PLAN OF OPERATION

Since inception we have focused the majority of our resources on corporate development initiative designed to provide a stable foundation for long-term growth. Upon the conclusion of our corporate development agenda we have turned our focus to locating the latest cutting edge products and technologies that are poised for commercialization. Our strategic investments in these products and technologies will allow us the opportunity to stake early ground in emerging high-tech markets.

Liquidity and Capital Resources

As of September 30, 2012 we had $18,916 cash on hand and had a $35 overdraft for the year ending March 31, 2012. Total current liabilities have increased from $20,580 at March 31, 2012 to $160,036 as of September 30, 2012, mostly due to our borrowings under our credit line. We are dependent upon our recently established $250,000 line of credit to finance our continuing operations. Our operating expenses were $31,394 and $8,893 for the six months ended September 30, 2012 and 2011, respectively, with the increase primarily due a $20,000 expense related to the issuance of shares for services rendered by our transfer agent. For the period from inception to September 30, 2012 we have incurred total expenses of $61,974 and have accrued a net loss from operations of $56,974.

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