Page
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PART I- FINANCIAL INFORMATION: | |
Item
1. Financial Statements
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Balance
Sheets as of September 30, 2007 (Unaudited) and December 31,
2006
(Audited)
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F-1
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Statements
of Operations for the Three Months Ended September 30, 2007 and
2006
(Unaudited), the Nine Months Ended September 30, 2007 (Unaudited),
from
January 24, 2006 (Inception) to September 30, 2006 (Unaudited)
and for the
Cumulative Period from January 24, 2006 (Inception) to September
30, 2007
(Unaudited)
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F-2
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Statement
of Stockholders’ Equity (Deficit) for the Cumulative Period from January
24, 2006 (Inception) to September 30, 2007 (Unaudited)
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F-3
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Statements
of Cash Flows for the Nine Months Ended September 30, 2007 (Unaudited),
from January 24, 2006 (Inception) to September 30, 2006 (Unaudited)
and
for the Cumulative Period from January 24, 2006 (Inception) to
September
30, 2007 (Unaudited)
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F-4
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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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3
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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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4
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Signatures
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5
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Plastron
Acquisition Corp. II
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|||
A
Development Stage Company
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|||
BALANCE
SHEETS
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As
of
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As
of
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||||||
September
30,
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December
31,
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||||||
2007
|
2006
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||||||
(Unaudited)
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(Audited)
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||||||
ASSETS
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|||||||
CURRENT
ASSETS:
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|||||||
Cash
and cash equivalents
|
$
|
6,479
|
$
|
30,000
|
|||
Total
current assets
|
6,479
|
30,000
|
|||||
TOTAL
ASSETS
|
$
|
6,479
|
$
|
30,000
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|||
LIABILITIES
AND STOCKHOLDERS’ EQUITY (DEFICIT)
|
|||||||
CURRENT
LIABILITIES:
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|||||||
Note
payable - related party
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12,500
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12,500
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|||||
Accrued
interest - related party
|
826
|
451
|
|||||
Total
current liabilities
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13,326
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12,951
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|||||
LONG
TERM LIABILITIES:
|
-
|
-
|
|||||
TOTAL
LIABILITIES
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13,326
|
12,951
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|||||
STOCKHOLDERS’
EQUITY (DEFICIT):
|
|||||||
Preferred
stock, $.0001 par value; 10,000,000 shares authorized; none
issued and outstanding
|
-
|
-
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|||||
Common
stock, $.0001 par value; 75,000,000 shares authorized; 2,000,000
shares issued and outstanding
|
200
|
200
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|||||
Additional
paid-in capital
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29,800
|
29,800
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|||||
Deficit
accumulated during the development stage
|
(36,847
|
)
|
(12,951
|
)
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|||
TOTAL
STOCKHOLDERS’ EQUITY (DEFICIT)
|
(6,847
|
)
|
17,049
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||||
TOTAL
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
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$
|
6,479
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$
|
30,000
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Plastron
Acquisition Corp. II
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|||||||||
A
Development Stage Company
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|||||||||
STATEMENTS
OF OPERATIONS
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July
1, 2007
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July
1, 2006
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January
1, 2007
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January
24, 2006
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January
24, 2006
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||||||||||||
to
|
to
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to
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(Inception)
to
|
(Inception)
to
|
||||||||||||
September
30, 2007
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September
30, 2006
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September
30, 2007
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September
30, 2006
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September
30, 2007
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||||||||||||
(Unaudited)
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(Unaudited)
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(Unaudited)
|
(Unaudited)
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(Unaudited)
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||||||||||||
REVENUE
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$
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-
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$
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-
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$
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-
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$
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-
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$
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-
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||||||
OPERATING
EXPENSES:
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||||||||||||||||
General
and administrative expenses
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11,994
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-
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23,521
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12,500
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36,021
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|||||||||||
LOSS
FROM OPERATIONS
|
(11,994
|
)
|
-
|
(23,521
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)
|
(12,500
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)
|
(36,021
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)
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|||||||
OTHER
INCOME (EXPENSE)
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||||||||||||||||
Interest
expense - related party
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(125
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)
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-
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(375
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)
|
-
|
(826
|
)
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||||||||
Total
other income (expense)
|
(125
|
)
|
-
|
(375
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)
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-
|
(826
|
)
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||||||||
NET
LOSS
|
$
|
(12,118.50
|
)
|
$
|
-
|
$
|
(23,895.75
|
)
|
$
|
(12,500.00
|
)
|
$
|
(36,846.75
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)
|
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BASIC
NET LOSS PER SHARE
|
($0.01
|
)
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$
|
0.00
|
($0.01
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)
|
($0.01
|
)
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($0.02
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)
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||||||
WEIGHTED
AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING,
BASIC
|
2,000,000
|
2,000,000
|
2,000,000
|
2,000,000
|
2,000,000
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Plastron
Acquisition Corp. II
A
Development Stage Company
STATEMENT
OF STOCKHOLDERS’ EQUITY
(DEFICIT)
|
(Deficit)
Accumulated
|
||||||||||||||||||||||
Preferred
Stock
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Common
Stock
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Additional
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During
the Development
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Total
Stockholders
|
||||||||||||||||||
Shares
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Amount
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Shares
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Amount
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Paid-in
Capital
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Stage
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Deficit
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||||||||||||||||
BALANCES
AT JANUARY 24, 2006, (INCEPTION)
|
-
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$
|
-
|
-
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$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||
Issuance
of common stock for cash at $.015
per share
|
-
|
-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
-
|
$
|
30,000
|
||||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
|
(12,951
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)
|
(12,951
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)
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|||||||||||||
BALANCES
AT DECEMBER 31, 2006
|
-
|
$
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-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
($12,951
|
)
|
$
|
17,049
|
||||||||||
Net
(loss)
|
-
|
-
|
-
|
-
|
-
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(23,896
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)
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(23,896
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)
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|||||||||||||
BALANCES
AT SEPTEMBER 30, 2007
|
-
|
$
|
-
|
2,000,000
|
$
|
200
|
$
|
29,800
|
(36,847
|
)
|
(6,847
|
)
|
Plastron
Acquisition Corp. II
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|
A
Development Stage Company
|
|
STATEMENTS
OF CASH FLOWS
|
January
1, 2007 to September 30, 2007
|
|
January
24, 2006 (Inception) to September 30, 2006
|
|
January
24, 2006 (Inception) to September 30, 2007
|
|
|||||
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||
Net
loss
|
(23,896
|
)
|
(12,500
|
)
|
($36,847
|
)
|
||||
Adjustments
to reconcile net (loss) to net cash used in operating
activities:
|
||||||||||
Changes
in operating liabilities:
|
||||||||||
Increase
in accrued liabilities
|
375
|
-
|
826
|
|||||||
Net
cash used in operating activities
|
(23,521
|
)
|
(12,500
|
)
|
(36,021
|
)
|
||||
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
|
(23,521
|
)
|
-
|
6,479
|
||||||
Cash
and cash equivalents at beginning of period
|
30,000
|
-
|
-
|
|||||||
CASH
AND CASH EQUIVALENTS AT END OF PERIOD
|
$
|
6,479
|
-
|
$
|
6,479
|
$
|
(36,021
|
)
|
||
Investing
activities
|
-
|
|||
Financing
activities
|
$
|
42,500
|
||
|
||||
Net
effect on cash
|
$
|
6,479
|
Exhibit
No.
|
Description
|
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*3.1
|
Certificate
of Incorporation, as filed with the Delaware Secretary of State
on January
24, 2006.
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*3.2
|
By-Laws.
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31.1
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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 September 30, 2007.
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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.
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*
|
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.
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Dated: October 24, 2007 | PLASTRON ACQUISITION CORP. II | |
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By: | /s/ Michael Rapp | |
Name: Michael Rapp |
||
Title: President |