AnTix Holdings, Inc 10-Q for FY2014 Q1

AnTix Holdings, Inc. (IMTH)

10-Q 2021-02-01 For: 2013-07-31

Added on April 06, 2026

About this 10-Q

AnTix Holdings, Inc filed this 10-Q on February 1, 2021, covering the quarter ended July 31, 2013 (FY2014 Q1).

Headline figures

Quarter ended July 31, 2013, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $0; compared with $0 a year earlier
Net loss: $16.16K; compared with a net loss of $24.41K a year earlier

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Delaware		33-1130446
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

2310 York St, Suite 200 Blue Island, IL		60406
(Address of principal executive offices)		(Zip Code)

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Not applicable.	Note applicable.	Not applicable.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements		4
Item 2. Management’s Discussion and Analysis of Financial Conditions and Results of Operations		15
Item 3. Quantitative and Qualitative Disclosures about Market Risk		17
Item 4. Controls and Procedures		18

PART II - OTHER INFORMATION

Item 1. Legal Proceedings		20
Item 1A. Risk Factors		20
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		24
Item 3. Defaults Upon Senior Securities		24
Item 4. Mine Safety Disclosure		24
Item 5. Other Information		24
Item 6. Exhibits		25
SIGNATURES		26

	July 31, 2013			October 31, 2012
	(unaudited)			(unaudited)
ASSETS

Total assets	$	-		$	-

LIABILITIES AND STOCKHOLDERS DEFICIT
Current liabilities
Accounts payable and accrued expenses	$	1,325,848		$	1,150,349
Accrued interest		230,701			176,747
Notes payable, related party, current		32,312			32,312
Notes payable, current, net of debt discount		467,396			406,083
Derivative liability		556,733			334,526
Total current liabilities		2,612,990			2,100,017
Total liabilities		2,612,990			2,100,017

Commitments and contingencies (Note 10)

Stockholders’ deficit
Preferred stock, $.0001 par value, 5,000,000 shares authorized,
issued and outstanding		500			500
Common stock, $.0001 par value, 2,000,000,000 authorized shares,
1,635,610,445 shares outstanding		163,562			163,562
Additional paid in capital		7,054,106			7,054,106
Accumulated deficit		(9,831,158	)		(9,318,185	)
Total stockholders’ deficit		(2,612,990	)		(2,100,017	)

Total liabilities and stockholders’ deficit	$	-		$	-

	For the			For the			For the			For the
	three months ended			three months ended			nine months ended			nine months ended
	July 31, 2013			July 31, 2012			July 31, 2013			July 31, 2012
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Revenue	$	-		$	-		$	-		$	-
Cost of goods sold		-			-			-			-
Gross profit		-			-			-			-

Operating expenses
Salaries and wages		36,000			36,000			108,000			108,000
Sales and marketing		-			2,659			50,000			229,314
Legal and professional fees		1,500			47,950			2,600			121,100
General and administrative		21,281			43,430			64,898			378,655
Total operating expenses		58,781			130,039			225,498			837,069
Income (loss) from operations		(58,781	)		(130,039	)		(225,498	)		(837,069	)

Other income (expense)
Income on forgiveness of debt		-			-			-			124,294
Change in fair value of derivatives		93,790			7,765			(172,207	)		34,341
Interest (expense) income		(51,164	)		68,860			(115,268	)		31,322
Total other income (expenses)		42,626			76,625			(287,475	)		189,957

Loss before provision for income taxes		(16,155	)		(53,414	)		(512,973	)		(647,112	)
Provision for income taxes		-			-			-			-
Net loss from continuing operations	$	(16,155	)	$	(53,414	)	$	(512,973	)	$	(647,112	)
Net income (loss) from discontinued operations, net of income taxes		-			29,009			-			92,236

Net Loss	$	(16,155	)	$	(24,405	)	$	(512,973	)	$	(554,876	)

Basic and diluted earnings (loss) per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding (basic and diluted)		1,635,610,445			1,068,943,779			1,635,610,445			838,928,622

Date of Note Issuance	Original Principal Balance		Maturity Date	Interest Rate %			Conversion Rate		Principal Balance 7/31/13			Principal Balance 10/31/12
2/1/13	$	50,000	2/1/14		10	%	lesser $0.0015 or 50% discount to market		$	50,000		$	-
10/31/12		104,278	10/31/13		10	%	lesser $0.0015 or 50% discount to market			104,278			104,278
3/16/12		50,000	9/16/12		10	%	$	0.00200		60,000			60,000
2/14/12		14,900	2/14/13		10	%	$	0.00100		24,900			24,900
2/10/12		25,000	8/10/12		10	%	$	0.00119		25,000			25,000
1/26/12		40,000	7/26/12		10	%	$	0.00113		8,000			8,000
1/26/12		65,595	7/26/12		10	%	$	0.00113		27,595			27,595
10/18/11		1,900	10/18/11		8	%	no written agreement			6,900			6,900
10/11/11		2,500	4/11/12		12	%	$	0.00390		2,500			2,500
8/25/11		108,101	2/25/12		10	%	$	0.01000		2,631			2,631
10/3/10		20,000	10/3/12		10	%	lesser $0.01 or 20% discount to market			20,000			20,000
10/31/09		4,000	10/31/10		8	%	no written agreement			4,000			4,000
8/31/09		5,000	8/31/12		12	%	lesser $0.01 or 20% discount to market			5,000			5,000
8/26/09		20,000	8/26/12		12	%	lesser $0.01 or 20% discount to market			20,000			20,000
8/25/09		20,000	8/25/12		12	%	lesser $0.01 or 20% discount to market			20,000			20,000
2/26/07		30,000	2/26/09		12	%	lesser $0.50 or 35% discount to market			30,000			30,000
4/17/07		20,000	4/17/09		10	%	lesser $0.45 or 35% discount to market			20,000			20,000
6/14/07		15,000	6/15/09		10	%	lesser $0.50 or 25% discount to market			15,000			15,000
1/29/07		15,000	1/29/09		10	%	$	0.95000		15,000			15,000
4/17/07		15,000	4/17/09		10	%	lesser $0.45 or 35% discount to market			15,000			15,000
12/23/06		18,000	12/23/08		10	%	$	0.95000		18,000			18,000
11/30/06		50,000	11/30/08		10	%	$	0.85000		50,000			50,000
9/16/06		100,000	9/9/08		12	%	35% discount to market			38,000			38,000
10/1/05		15,000	4/1/07		10	%	$	0.50000		15,000			15,000
Total									$	596,804		$	546,804
Debt Discount										(129,408	)		(140,721	)
Total									$	467,396		$	406,083

	July 31, 2013
The financings giving rise to derivative	Indexed		Fair
financial instruments	Shares		Values
Compound embedded derivative		3,050,817,927	$	(556,733	)

	October 31, 2012
The financings giving rise to derivative	Indexed		Fair
financial instruments	Shares		Values
Compound embedded derivative		1,929,452,480	$	(334,526	)

	July 31, 2013			July 31, 2012
Quoted market price on valuation date	$	0.0003		$	0.0005
Contractual conversion rate	$	0.00011 - $0.00023		$	0.00029 - $0.00046
Range of effective contractual conversion rates		--			--
Contractual term to maturity	0.25 – 0.50 Years			1.00 Year
Market volatility:
Volatility	138.28% - 238.13		%	138.28% - 238.13		%
Contractual interest rate	5% - 12		%	5% - 12		%

	July 31, 2013		October 31, 2012
Beginning balance	$	334,526	$	176,871
Issuances:
Convertible Note Financing		50,000		182,648
Changes in fair value inputs and assumptions reflected in income		172,207		(24,993	)
Ending balance	$	556,733	$	334,526

Statutory federal income tax rate	(34	%)
State taxes – net of federal benefits	(5	%)
Valuation allowance	39	%
Income tax rate – net	0	%

	•	Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the Company’s assets;
	•	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the board of directors; and
	•	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

	·	new products by us or our competitors;
	·	additions or departures of key personnel;
	·	sales of our common stock;
	·	our ability to integrate operations and products;
	·	our ability to execute our business plan;
	·	operating results below expectations;
	·	industry developments;
	·	economic and other external factors; and
	·	period-to-period fluctuations in our financial results.

	·	enhance our technological capabilities;
	·	develop and market services which meet changing customer needs; and
	·	successfully anticipate or respond to technological changes in e-government processes on a cost-effective and timely basis.

	·	our new and unproven business model and technology;
	·	the difficulties we face in managing rapid growth in personnel and operations;
	·	the response by potential customers and strategic partners to our products and services;
	·	the timing and success of new product and service introductions and new technologies by our competitors; and,
	·	our ability to build awareness and receive recognition in the information technology and software market.

	·	hire additional personnel, including marketing personnel, engineers and other technical staff;
	·	hire senior executives and members of our senior management team;
	·	expand our selling and marketing activities;
	·	expand our product and service offerings;
	·	upgrade our operational and financial systems, procedures and controls.

Exhibit		Description

31.1		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101		The following materials from the Company’s Quarterly Report on Form 10-Q for the period ended July 31, 2013 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows and (iv) related notes.

	Fresh Harvest Products, Inc.
	(Registrant)

	/s/ Michael Jordan Friedman
	Michael Jordan Friedman, President, Chief Executive Officer and Chief Financial Officer

	Date: February 1, 2021

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended July 31, 2013 of Fresh Harvest Products, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	FRESH HARVEST PRODUCTS, INC.

Dated: February 1, 2021	By:	/s/ Michael Jordan Friedman
		Michael Jordan Friedman Chief Executive Officer, President, Chief Financial Officer and Chairman

	(1)	the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

	(2)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.