SOURCE: Universal Tracking Solutions, Inc.

Universal Tracking Solutions, Inc. - 10-Q

UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549 

 

FORM 10-Q

 

[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934

FOR THE QUARTERLY PERIOD ENDED September 30, 2011

 

[ ] Transition report under Section 13 or 15(d) of the Exchange Act

For the transition period from __________ to __________

 

Commission File Number 0-131224

 

Universal Tracking Solutions, Inc.

 

Universal Tracking Solutions, Inc.

(Exact Name of Small Business Issuer as Specified in Its Charter)

 

NEVADA 

20-5249860

(State or Other Jurisdiction of Incorporation or Organization)

(IRS Employer Identification No.)

 

3317 S. Higley Road, Suite 114-475

Gilbert, AZ 85297 

(Address of Principal Executive Offices)

 

(480) 855-8877 

(Issuer's Telephone Number, Including Area Code)

 

N/A

(Former Name, Former Address and Former Fiscal Year, If changed since Last Report)

 

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [] No [X]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [] No [X]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer []   Accelerated filer []   Non-accelerated filer []   Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes [] No []

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

The number of shares outstanding of each of the Registrant’s classes of common stock, as of September 30, 2011 was 22,124,373 shares, all of one class, $0.0001 par value per share.

 


UNIVERSAL TRACKING SOLUTIONS, INC.

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2011

 

 

ITEM 1. FINANCIAL STATEMENTS

 

 

TABLE OF CONTENTS

 

PART I

 

 

 

Balance Sheets as of September 30, 2011 and December 31, 2010

F-1

Statements of Operations for the Three and Nine Months Ended June 30, 2011 and 2010

F-2

Statements of Cash Flows for the Nine Months Ended September 30, 2011 and 2010

F-3

Notes to Consolidated Financial Statements

F-4

Item 2. Management’s Discussion and Analysis or Plan of Operation

11

Item 3. Controls and Procedures

12

PART II

 

Item 1. Legal Proceedings

13

Item 1A. Risk Factors

13

Item 2. Unregistered Sale of Equity Securities and Use of Proceeds

13

Item 3. Defaults Upon Senior Securities

13

Item 4. Removed and Reserved

13

Item 5. Other Information

13

Item 6. Exhibits

14

 


UNIVERSAL TRACKING SOLUTIONS, INC.

BALANCE SHEET

SEPTEMBER 30, 2011 AND DECEMBER 31, 2010

(Unaudited)

 

 

2011

(unaudited)

 

 

2010

(unaudited)

 

Current Assets:

 

 

 

 

 

 

Cash

 

$

48,381

 

 

$

       12,045

 

Accounts Receivable

 

 

122,183

 

 

 

       71,193

 

Inventory

 

 

2,459

 

 

 

            740

 

Other Current Assets

 

 

 

 

 

 

         4,869

 

Total Current Assets

 

 

173,023

 

 

 

       88,847

 

 

 

 

 

 

 

 

 

 

Property and Equipment, net

 

 

1,738

 

 

 

         1,738

 

 

 

 

 

 

 

 

 

 

Other Assets:

 

 

15,120

 

 

 

       35,069

 

 

 

 

 

 

 

 

 

 

Total Assets

 

 

189,881

 

 

 

   125,654

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

Accounts Payable

 

 

41,951

 

 

 

       42,051

 

Notes Payable, Short Term

 

 

35,636