Delaware
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14-1961545
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(I.R.S.
employer
|
|
incorporation
or organization)
|
identification
number)
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c/o
Clifford W. Chapman Jr.
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712
Fifth Avenue
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New
York, New York
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10019
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(Zip
Code)
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Item
1. Financial Statements
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Page
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|||
Balance
Sheets as of June 30, 2007 (unaudited) and December 31,
2006
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F-1
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|||
(audited)
|
||||
Statements
of Operations for the Three and Six Months Ended June 30,
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F-2
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|||
2007
(unaudited), the Three Months Ended June 30, 2006 and from
|
||||
January
24, 2006 (Inception) to June 30, 2006 (unaudited) and for
the
|
||||
Cumulative
Period from January 24, 2006 (Inception) to June 30, 2007
|
||||
(unaudited)
|
||||
Statement
of Stockholders’ Equity for the Cumulative Period from
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F-3
|
|||
January
24, 2006 (Inception) to June 30, 2007 (unaudited)
|
||||
Statements
of Cash Flows for the Six Months Ended June 30, 2007
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F-4
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|||
(unaudited),
from January 24, 2006 (Inception) to June 30, 2006
(unaudited)
|
||||
and
for the Cumulative Period from January 24, 2006 (Inception)
to
|
||||
June
30, 2007 (unaudited)
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||||
Notes
to Financial Statements (unaudited)
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F-5
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|||
Item
2. Management's Discussion and Analysis or Plan of
Operation
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1
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|||
Item
3. Controls and Procedures
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2
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|||
PART
II - OTHER INFORMATION:
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||||
Item
1. Legal Proceedings
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3
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|||
Item
2. Unregistered Sales of Equity Securities and Use of
Proceeds
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3
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|||
Item
3. Defaults Upon Senior Securities
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3
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|||
Item
4. Submission of Matters to a Vote of Security Holders
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3
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|||
Item
5. Other Information
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3
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|||
Item
6. Exhibits
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3
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|||
Signatures
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4
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Plastron
Acquisition Corp. II
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|||||||
A
Development Stage Company
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|||||||
BALANCE
SHEETS
|
|||||||
As
of
|
As
of
|
||||||
June
30,
|
December
31,
|
||||||
2007
|
2006
|
||||||
(Unaudited)
|
(Audited)
|
||||||
ASSETS
|
|||||||
CURRENT
ASSETS:
|
|||||||
Cash
and cash equivalents
|
$
|
18,473
|
$
|
30,000
|
|||
Total
current assets
|
18,473
|
30,000
|
|||||
TOTAL
ASSETS
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$
|
18,473
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$
|
30,000
|
|||
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
|||||||
CURRENT
LIABILITIES:
|
|||||||
Note
payable - related party
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12,500
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12,500
|
|||||
Accrued
interest - related party
|
701
|
451
|
|||||
Total
current liabilities
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13,201
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12,951
|
|||||
LONG
TERM LIABILITIES:
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-
|
-
|
|||||
TOTAL
LIABILITIES
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13,201
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12,951
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|||||
STOCKHOLDERS’
EQUITY:
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|||||||
Preferred
stock, $.0001 par value; 10,000,000 shares authorized; none
issued
and outstanding
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-
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-
|
|||||
Common
stock, $.0001 par value; 75,000,000 shares authorized;
2,000,000
shares issued and outstanding
|
200
|
200
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|||||
Additional
paid-in capital
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29,800
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29,800
|
|||||
Deficit
accumulated during the development stage
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(24,728
|
)
|
(12,951
|
)
|
|||
TOTAL
STOCKHOLDERS’ EQUITY
|
5,272
|
17,049
|
|||||
TOTAL
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
$
|
18,473
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$
|
30,000
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Plastron
Acquisition Corp. II
|
|||||||||
A
Development Stage Company
|
|||||||||
STATEMENTS
OF OPERATIONS
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April
1, 2007
to
June
30, 2007
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April
1, 2006
to
June
30, 2006
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January
1, 2007
to
June
30, 2007
|
January
24, 2006
(Inception)
to
June
30, 2006
|
January
24, 2006
(Inception)
to
June
30, 2007
|
||||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||||
REVENUE
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$
|
-
|
$
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-
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$
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-
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$
|
-
|
$
|
-
|
||||||
OPERATING
EXPENSES:
|
||||||||||||||||
General
and administrative expenses
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6,964
|
-
|
11,527
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12,500
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24,027
|
|||||||||||
LOSS
FROM OPERATIONS
|
(6,964
|
)
|
-
|
(11,527
|
)
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(12,500
|
)
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(24,027
|
)
|
|||||||
OTHER
INCOME (EXPENSE)
|
||||||||||||||||
Interest
expense - related party
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(125
|
)
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-
|
(250
|
)
|
-
|
(701
|
)
|
||||||||
Total
other income (expense)
|
(125
|
)
|
-
|
(250
|
)
|
-
|
(701
|
)
|
||||||||
NET
LOSS
|
$
|
(7,089
|
)
|
$
|
-
|
$
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(11,777
|
)
|
$
|
(12,500
|
)
|
$
|
(24,728
|
)
|
||
BASIC
NET LOSS PER SHARE
|
($0.00
|
)
|
$
|
0.00
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($0.01
|
)
|
($0.01
|
)
|
($0.01
|
)
|
||||||
WEIGHTED
AVERAGE NUMBER
OF
COMMON SHARES
OUTSTANDING,
BASIC
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2,000,000
|
2,000,000
|
2,000,000
|
2,000,000
|
2,000,000
|
Plastron
Acquisition Corp. II
A
Development Stage Company
STATEMENT
OF STOCKHOLDERS’ EQUITY
|
||||||||||||||||||||||
Additional
Paid-in Capital
|
(Deficit)
Accumulated During the Development Stage
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Total
Stockholders Equity
|
||||||||||||||||||||
Preferred
Stock
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Common
Stock
|
|||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
|||||||||||||||||||
BALANCES
AT JANUARY 24, 2006, (INCEPTION)
|
-
|
$
|
-
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||
Issuance
of common stock for cash at
$.015
per share
|
-
|
-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
-
|
$
|
30,000
|
||||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
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(12,951
|
)
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(12,951
|
)
|
|||||||||||||
BALANCES
AT DECEMBER 31, 2006
|
-
|
$
|
-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
($12,951
|
)
|
$
|
17,049
|
||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
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(11,777
|
)
|
(11,777
|
)
|
|||||||||||||
BALANCES
AT JUNE 30, 2007
|
-
|
$
|
-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
($24,728
|
)
|
$
|
5,272
|
Plastron
Acquisition Corp. II
|
|||||||
A
Development Stage Company
|
|||||||
STATEMENTS
OF CASH FLOWS
|
January
1, 2007
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January
24, 2006
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January
24, 2006
|
||||||||
to
|
(Inception)
to
|
(Inception)
to
|
||||||||
June
30, 2007
|
June
30, 2006
|
June
30, 2007
|
||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||
Net
loss
|
(11,777
|
)
|
(12,500
|
)
|
($24,728
|
)
|
||||
Adjustments
to reconcile net (loss) to net cash used in
|
||||||||||
operating
activities:
|
||||||||||
Changes
in operating liabilities:
|
||||||||||
Increase
in accrued liabilities
|
250
|
-
|
701
|
|||||||
Net
cash used in operating activities
|
(11,527
|
)
|
(12,500
|
)
|
(24,027
|
)
|
||||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||
Proceeds
from issuance of common stock
|
-
|
-
|
30,000
|
|||||||
Proceeds
from loan - related party
|
-
|
12,500
|
12,500
|
|||||||
Net
cash provided by financing activities
|
-
|
12,500
|
42,500
|
|||||||
NET
INCREASE IN CASH AND CASH
EQUIVALENTS
|
(11,527
|
)
|
-
|
18,473
|
||||||
Cash
and cash equivalents at beginning of period
|
30,000
|
-
|
-
|
|||||||
CASH
AND CASH EQUIVALENTS AT END OF
PERIOD
|
$
|
18,473
|
-
|
$
|
18,473
|
Operating
activities
|
$
|
(24,027
|
)
|
|
Investing
activities
|
-
|
|||
Financing
activities
|
$
|
42,500
|
||
Net
effect on cash
|
$
|
18,473
|
Exhibit No. | Description | |
*3.1
|
Certificate
of Incorporation, as filed with the Delaware Secretary of State
on January
24, 2006.
|
|
*3.2
|
By-Laws.
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31.1
|
Certification
of the Company’s Principal Executive Officer and Principal Financial
Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,
with
respect to the registrant’s Quarterly Report on Form 10-QSB for the
quarter ended June 30, 2007.
|
|
32.1
|
Certification
of the Company’s Principal Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section
906 of the Sarbanes Oxley Act of
2002.
|
*
|
Filed
as an exhibit to the Company's Registration Statement on Form 10-SB,
as
filed with the Securities and Exchange Commission on May 15, 2007,
and
incorporated herein by this
reference.
|
Dated: July 27, 2007 | PLASTRON ACQUISITION CORP. II | |
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By: | /s/ Michael Rapp | |
Name:
Michael Rapp
Title:
President
|