[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 September 30,
2009
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[ ]
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Transition
Report pursuant to 13 or 15(d) of the Securities Exchange Act of
1934
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For
the transition period to __________
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Commission
File Number: 333-148775
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Nevada
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N/A
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(State
or other jurisdiction of incorporation or organization)
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(IRS
Employer Identification No.)
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Lot
7B Blk 7 Emerald St.,
Gold
Riverville Subd. Burgos, Montalban
Rizal, the Philippines
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(Address
of principal executive offices)
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63-920-938-0830
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(Issuer’s
telephone number)
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_______________________________________________________________
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(Former
name, former address and former fiscal year, if changed since last
report)
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[ ]
Large accelerated filer Accelerated filer
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[ ]
Non-accelerated filer
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[X]
Smaller reporting company
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Page
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PART I – FINANCIAL INFORMATION
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3 | ||
4 | ||
6 | ||
6 | ||
PART II – OTHER INFORMATION
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8 | ||
8 | ||
8 | ||
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8 |
Our
financial statements included in this Form 10-Q are as
follows:
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F-1
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Balance
Sheets as of September 30, 2009 (unaudited) and December 31, 2008
(audited);
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F-2
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Statements
of Operations for the three and nine months ended September 30, 2009 and
2008, and period from November 8, 2007 (Inception) to September 30, 2009
(unaudited);
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F-3
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Statements
of Stockholders’ Deficit for period from November 8, 2007 (Inception) to
September 30, 2009 (unaudited);
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F-4
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Statements
of Cash Flows for the nine months ended September 30, 2009 and 2008, and
period from November 8, 2007 (Inception) to September 30, 2009
(unaudited);
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F-4
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Notes
to Financial Statements;
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September
30,
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December
31,
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|||||||
ASSETS
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2009
(unaudited)
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2008
(audited)
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||||||
Current
Assets
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||||||||
Cash
and equivalents
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$ | -0- | $ | -0- | ||||
Prepaid
expenses
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-0- | -0- | ||||||
TOTAL
ASSETS
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$ | -0- | $ | -0- | ||||
LIABILITIES
AND STOCKHOLDERS’ DEFICIT
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||||||||
Liabilities
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||||||||
Current
Liabilities
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||||||||
Due
to officer
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$ | 12,000 | $ | 6,000 | ||||
Stockholders’
Deficit
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||||||||
Common
Stock, $.001 par value, 90,000,000
shares authorized,
2,150,000 shares issued and outstanding
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2,150 | 2,150 | ||||||
Preferred
Stock, $.001 par value, 10,000,000
shares authorized,
-0- shares issued and outstanding
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-0- | -0- | ||||||
Additional
paid-in capital
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40,850 | 40,850 | ||||||
Deficit
accumulated during the development stage
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(55,000 | ) | (49,000 | ) | ||||
Total
stockholders’ deficit
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(12,000 | ) | (6,000 | ) | ||||
TOTAL
LIABILITIES AND STOCKHOLDERS’ DEFICIT
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$ | -0- | $ | -0- | ||||
Period
from
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||||||||||||||||||||
Three
Months
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Three
Months
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Nine
Months
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Nine
Months
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November
8, 2007
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||||||||||||||||
Ended
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Ended
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Ended
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Ended
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(Date
of Inception) to
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||||||||||||||||
September
30,
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September
30,
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September
30,
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September
30,
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September
30,
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||||||||||||||||
2009
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2008
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2009
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2008
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2009
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Revenues
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$ | -0- | $ | -0- | $ | -0- | $ | -0- | $ | -0- | ||||||||||
Expenses
:
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||||||||||||||||||||
Professional
fees
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2,000 | 2,000 | 6,000 | 41,000 | 55,000 | |||||||||||||||
Net
Loss
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$ | (2,000 | ) | $ | (2,000 | ) | $ | (6,000 | ) | $ | (41,000 | ) | $ | (55,000 | ) | |||||
Net
loss per share:
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||||||||||||||||||||
Basic
and diluted
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$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||
Weighted
average shares outstanding:
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||||||||||||||||||||
Basic
and diluted
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2,150,000 | 2,150,000 | 2,150,000 | 2,150,000 | 2,150,000 |
Common
stock
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Additional
paid-in capital
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Deficit
accumulated during the development stage
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Total
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||||||
Shares
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Amount
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||||||||
Issuance
of common stock
for
cash @$.001
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2,150,000
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$ 2,150
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$ 40,850
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$ -
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$ 43,000
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Loss
for the period ended December 31, 2007
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-
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-
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-
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(4,000)
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(4,000)
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||||
Balance,
December 31, 2007
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2,150,000
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2,150
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40,850
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(4,000)
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39,000
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||||
Net
loss for the year
ended
December 31, 2007
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-
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-
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-
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(45,000)
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(45,000)
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Balance,
December 31,
2008
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2,150,000
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2,150
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40,850
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(49,000)
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(6,000)
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Net
loss for the period
ended
September 30, 2009
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-
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-
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-
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(6,000)
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(6,000)
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Balance,
September 30,
2009
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2,150,000
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$ 2,150
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$ 40,850
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$ (55,000)
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$ (12,000)
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Period
From
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||||||||||
Nine
Months
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Nine
Months
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November
8, 2007
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||||||||
Ended
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Ended
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(Inception)
to
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||||||||
September
30,
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September
30,
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September
30,
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||||||||
2009
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2008
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2009
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CASH
FLOWS FROM OPERATING ACTIVITIES
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Net
loss
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$ | (6,000) | $ | (41,000) | $ | (55,000 | ) | |||
Change
in non-cash working capital items
Prepaid
expenses
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-0- | 6,000 | -0- | |||||||
CASH
FLOWS USED BY OPERATING ACTIVITIES
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(6000) | (35,000) | (55,000 | ) | ||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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||||||||||
Proceeds
from sales of common stock
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-0- | -0- | 43,000 | |||||||
Due
to officer
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6,000 | -0- | 12,000 | |||||||
CASH
FLOWS PROVIDED BY FINANCING ACTIVITIES
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6,000 | -0- | 55,000 | |||||||
NET
DECREASE IN CASH
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-0- | (35,000) | -0- | |||||||
Cash,
beginning of period
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-0- | 35,000 | -0- | |||||||
Cash,
end of period
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$ | -0- | $ | -0- | $ | -0- | ||||
SUPPLEMENTAL
CASH FLOW
INFORMATION
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||||||||||
Interest
paid
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$ | -0- | $ | -0- | $ | -0- | ||||
Income
taxes paid
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$ | -0- | $ | -0- | $ | -0- | ||||
2009
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Deferred
tax asset attributable to:
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Net
operating loss carryover
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$
18,700
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Valuation
allowance
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(18,700)
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Net
deferred tax asset
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$ -
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Exhibit
Number
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Description
of Exhibit
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Liberto,
Inc.
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Date:
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November
6, 2009
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By: /s/Rosielyn S.
Baclig
Rosielyn S. Baclig
Title:
Chief Executive Officer and
Director
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