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MSSD > SEC Filings for MSSD > Form 10-Q on 22-Aug-2013All Recent SEC Filings

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Form 10-Q for MASSIVE DYNAMICS, INC.


22-Aug-2013

Quarterly Report


Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

FORWARD-LOOKING STATEMENTS

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report of Massive Dynamics, Inc., on Form 10-Q contains forward-looking statements. Such forward-looking statements contained herein involve risks and uncertainties, including statements as to:

*our future operating results;

*our business prospects;

*any contractual arrangements and relationships with third parties;

*technological innovations in our industry;

*the dependence of our future success on the general economy;

*any possible financings; and

*the adequacy of our cash resources and working capital.

These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe, "anticipate," "expect," "estimate" or words of similar meaning. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which are described in close proximity to such statements and which could cause actual results to differ materially from those anticipated as of the date of this report. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.

Operations

We were founded as a Nevada corporation on March 15, 2011. The incorporation effort included the Company issuing 100,000,000 shares (post-split equivalent) of common stock to our founders.

The Company was previously engaged in the business of providing services to cellular phone tower companies. The Company then changed its business focus to selling cellular phone accessories. On April 16, 2013, we purchased certain a printer prototype 3D scanner and camera valued at $15,000 for 15,000,000 restricted common shares from RV3D, LLC ("RV3D"), a company owned by our CEO, Jonathan Jay Howard. As a result of this transaction, Mr. Howard was named CEO of the Company and we entered the 3D imaging technology business.

Our independent registered auditors included an explanatory paragraph in their opinion on our financial statements for the period from inception on March 15, 2011 through June 30, 2013 that states that this lack of resources causes substantial doubt about our ability to continue as a going concern. To maintain operations as a going concern, we are keeping day-to-day operating costs to a minimum and seeking leads for new revenue opportunities. We hope that we can raise sufficient capital through operations and financing activities to dispel such concerns and qualifications.

We have developed technology around an imaging technology known as "structured light" that allows for the rapid capture and processing of the digital signal capture 3D images of objects or real time 3D video of a desired target. Utilizing structured light technology, an object is first placed on a rotating stage that is marked in the edge in degrees for calibration. The subject is then rotated and an initial 360 degree texture image (picture) is taken, followed by the taking of a structured light image in the same manner. A structured light image is a calibrated grid of lines that is projected on the subject. These projected lines deviate as they fall over the subject. An image of these lines is captured. Real View 3D software can extract Z-axis data from these line deviations and a topographical map is created. To image a complete subject, the subject is rotated 360 degrees for the image and then another 360 degree rotation for capturing the structured light for the Z axis map information. The resulting Z-axis map and the image are then fused into a 360 degree renderable image. This image can then be exported into many other formats for viewing.

Results of Operations


Revenue

Revenue was $0 for the three months ended June 30, 2013 and June 30, 2012. The Company has discontinued its prior business of operating cellular phone towers and entered into the 3D imaging business. We are unsure of the revenues that we may generate from the 3D imaging business, if any.

Expenses

Expenses of operation increased to $4,597,862 in the three months ended June 30, 2013. In June 30, 2012, our operating expenses were $25,310. The greatest factor in this increase was the purchase of the RV3D assets which have been classified as a research and development expense.

Net Loss

Our net loss for the three months ended June 30, 2013 was $4,567,862. For the quarter ended June 30, 2012, our net loss was $25,310. The greatest factor in this increase was the purchase of the RV3D assets which have been classified as a research and development expense for the quarter ended June 30, 2013.

Liquidity

As of June 30, 2013, we had cash of $21,328, compared to cash of $5,862 for the quarter ended March 31, 2013.

We have an agreement with Infinite Funding, Inc. ("Infinite") whereby we can borrow up to $500,000 by putting promissory notes to Infinite. At June 30, 2013, we had borrowed $435,000 under this agreement. These loans have a maturity of one year and carry an interest rate of 10% per year.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements as of June 30, 2013.

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