10-Q
NIKA PHARMACEUTICALS, INC (NIKA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 10-Q
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 2021
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period
Commission File No.:
0001798456
CENTENNIAL GROWTH EQUITIES INC.
(Exact name of the small business issuer as specified in its charter)
| colorado | 90-0292940 |
|---|---|
| (State or Other Jurisdiction of | (I.R.S. Employer |
| Incorporation or Organization) | Identification No.) |
11069 East Kilarea Ave. #180 Mesa, Arizona85209 (Address of principal executive offices)
303-730-7939(Registrant’s telephone number,
including area code)
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant (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 [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [ ] No [X]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | [ ] | Accelerated filer | [ ] |
|---|---|---|---|
| Non-accelerated filer | [X] | Smaller reporting company | [X] |
| Emerging growth company | [X] |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [X] No [ ]
The number of shares of Common Stock, $0.001 par value of the
registrant outstanding at August 9, 2021 was 13,203,000.
TABLE OF CONTENTS
| Page No. | |
|---|---|
| PART I. | |
| Item 1. Financial Statements. | |
| Consolidated Balance Sheets as of<br> June 30, 2021 and December 31, 2020 (Unaudited) | 3 |
| Consolidated Statements of Operations for the three and six<br> months Ended June 30, 2021 and 2020 (Unaudited) | 4 |
| Consolidated Statements of Stockholders’ Deficit for the<br> three and six months Ended June 30, 2021and 2020 (Unaudited) | 5 |
| Consolidated Statements of Cash<br> Flows for the six months Ended June 30, 2021and 2020 (Unaudited) | 6 |
| Notes to Unaudited Consolidated<br> Financial Statements | 7 |
| Item 2. Management’s Discussion and<br> Analysis of Financial Condition and Results of Operations | 8 |
| Item 3. Quantitative and<br> Qualitative Disclosures About Market Risks. | 10 |
| Item 4. Controls and Procedures | 10 |
| PART II. | |
| Item 1. Legal Proceedings. | 11 |
| Item 1A. Risk Factors. | 11 |
| Item 2. Unregistered Sales of<br> Equity Securities and Use of Proceeds. | 11 |
| Item 3. Defaults Upon Senior<br> Securities. | 11 |
| Item 4. Mine Safety Disclosures. | 11 |
| Item 5. Other Information. | 11 |
| Item 6. Exhibits. | 12 |
| EXHIBIT INDEX | 12 |
| SIGNATURES | 12 |
Item 1. Consolidated Financial Statements
| CENTENNIAL GROWTH EQUITIES, INC. | |||||
|---|---|---|---|---|---|
| CONSOLIDATED BALANCE SHEETS | |||||
| (UNAUDITED) | |||||
| June 30, 2021 | December 31, 2020 | ||||
| --- | --- | --- | --- | --- | --- |
| ASSETS | |||||
| Current Assets: | |||||
| Cash | 398 | $ | 1,611 | ||
| Total current assets | 398 | 1,611 | |||
| Total Assets | 398 | $ | 1,611 | ||
| LIABILITIES<br> ANDSTOCKHOLDERS' DEFICIT | |||||
| Due to related party – long term | 18,018 | 10,518 | |||
| Total Liabilities | 18,018 | 10,518 | |||
| Commitments and contingencies | |||||
| Stockholders' Deficit: | |||||
| Preferred Stock par value<br> 0.001, 10,000,000 shares authorized; no shares issued and outstanding | - | - | |||
| Common Stock, par value 0.001, 90,000,000<br> shares authorized; 13,203,000 shares issued and outstanding | 13,203 | 13,203 | |||
| Additional paid-in capital | 114,877 | 114,877 | |||
| Accumulated deficit | (145,700 | ) | (136,987 | ) | |
| Total Stockholders' Deficit | (17,620 | ) | (8,907 | ) | |
| Total Liabilities and Stockholders' Deficit | 398 | $ | 1,611 |
All values are in US Dollars.
The accompanying notes are an integral part of these unauditedconsolidated financial statements.
| CENTENNIAL GROWTH EQUITIES, INC. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||
| (Unaudited) | ||||||||||
| For the Three<br> Months Ended | For the Six<br> Months Ended | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| June 30, | June 30, | |||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||
| Operating Expenses: | ||||||||||
| General and<br> administrative | $ | 2,959 | $ | - | $ | 8,713 | $ | - | ||
| Total operating expenses | 2,959 | - | 8,713 | - | ||||||
| Loss from operations | (2,959 | ) | - | (8,713 | ) | - | ||||
| Loss before provision for<br> income taxes | (2,959 | ) | - | (8,713 | ) | - | ||||
| Provision for income taxes | - | - | - | - | ||||||
| Net Loss | $ | (2,959 | ) | $ | - | $ | (8,713 | ) | $ | - |
| Loss per share, basic and diluted | $ | (0.00 | ) | $ | - | $ | (0.00 | ) | $ | - |
| Weighted average common shares outstanding,<br> <br>basic and diluted | 13,203,000 | 13,203,000 | 13,203,000 | 13,203,000 |
The accompanying notes are an integral part of theseunaudited consolidated financial statements.
| CENTENNIAL GROWTH EQUITIES, INC. | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT | |||||||||||
| FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND 2020 | |||||||||||
| (Unaudited) | |||||||||||
| Additional | |||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Common Stock | Paid | Accumulated | |||||||||
| Shares | Amount | in Capital | Deficit | Total | |||||||
| Balance, December 31, 2020 | 13,203,000 | $ | 13,203 | $ | 114,877 | $ | (136,987 | ) | $ | (8,907 | ) |
| Net loss | — | — | — | (5,754 | ) | (5,754 | ) | ||||
| Balance, March 31, 2021 | 13,203,000 | 13,203 | 114,877 | (142,741 | ) | (14,661 | ) | ||||
| Net loss | — | — | — | (2,959 | ) | (2,959 | ) | ||||
| Balance, June 30, 2021 | 13,203,000 | $ | 13,203 | $ | 114,877 | $ | (145,700 | ) | $ | (17,620 | ) |
| Additional | |||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |
| Common Stock | Paid | Accumulated | |||||||||
| Shares | Amount | in Capital | Deficit | Total | |||||||
| Balance, December 31, 2019 | 13,203,000 | $ | 13,203 | $ | 114,877 | $ | (128,080 | ) | $ | — | |
| Net loss | — | — | — | — | — | ||||||
| Balance, March 31, 2020 | 13,203,000 | 13,203 | 114,877 | (128,080 | ) | — | |||||
| Net loss | — | — | — | — | — | ||||||
| Balance, June 30, 2020 | 13,203,000 | $ | 13,203 | $ | 114,877 | $ | (128,080 | ) | $ | — |
The accompanying notes are an integral part of theseunaudited consolidated financial statements.
| CENTENNIAL GROWTH EQUITIES, INC. | |||||
|---|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||
| (Unaudited) | |||||
| For the Six<br> Months Ended | |||||
| --- | --- | --- | --- | --- | --- |
| June 30, | |||||
| 2021 | 2020 | ||||
| Cash flows from operating<br> activities: | |||||
| Net Loss | $ | (8,713 | ) | $ | - |
| Adjustments to reconcile net<br> loss to net cash used in operating activities: | |||||
| Changes in operating<br> assets and liabilities: | - | - | |||
| Net cash used in operating<br> activities | (8,713 | ) | - | ||
| Cash flows from investing<br> activities: | - | - | |||
| Cash flows from financing<br> activities: | |||||
| Loans from related<br> party | 7,500 | - | |||
| Net cash provided<br> by financing activities | 7,500 | - | |||
| Net decrease in cash | (1,213 | ) | - | ||
| Cash, beginning of period | 1,611 | - | |||
| Cash, end of period | $ | 398 | $ | - | |
| Supplemental disclosure of<br> cash flow information: | |||||
| Cash paid for taxes | $ | - | $ | - | |
| Cash paid<br> for interest | $ | - | $ | - |
The accompanying notes are an integral part of these unauditedconsolidated financial statements.
CENTENNIAL GROWTH EQUITIES, INC. NOTES TO UNAUDITEDCONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2021
NOTE 1 – ORGANIZATION AND OPERATIONS
Centennial Growth Equities, Inc. (the “Company”), was incorporated in the State of Colorado on June 8, 2000. The management is changing the direction of the Company to be a product development and marketing company. The Company is in the process of developing a line of products for camping, travel and emergency, all of which will be marketed under a company logo.
On August 20, 2006, Mr. Phil E. Ray purchased 4,000,000 shares
of Common Stock of the Company from Eleece “Patty” Murphy. Venture vest Capital Corporation, a Colorado corporation controlled by Mr. Phil Ray purchased 4,000,000 shares from Jim Piper.
On February 19, 2020, the Company created a subsidiary, Venture
Growth Equities, Inc., a Colorado corporation, of which 100 shares of common stock was issued to Centennial Growth Equities, making it a wholly owned subsidiary of the Company. There has been no activity in the subsidiary.
On February 28, 2020, the Company created a subsidiary,
Centennial Ventures, Inc., a Colorado corporation, of which 100 shares of common stock was issued to Centennial Growth Equities, Inc., making it a wholly owned subsidiary of the Company. There has been no activity in the subsidiary.
Mr. Ray was appointed as a Director, Vice President and Secretary Treasurer of the Company and Mrs. Alice Ray, the wife of Mr. Ray, was appointed as a Director of the Company.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation
The Company’s unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2021. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Principles of Consolidation
The unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Centennial Growth Equities and Centennial Ventures, Inc. There has been no activity in either subsidiary as of June 30, 2021.
Recent accounting pronouncements
The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
NOTE 3 - GOING CONCERN
As reflected in the unaudited consolidated financial statements,
the Company has an accumulated deficit of $145,700 as of June 30, 2021, has no current operations and has generated no income to date. These factors raise substantial doubt about its ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company may raise additional capital through the sale of its equity securities, through offerings of debt securities, or through borrowings from financial institutions. Management believes that actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company considers all new accounting pronouncements and management has determined that there have been no other recently adopted or issued accounting standards that had or will have a material impact on its financial statements.
NOTE 4 – RELATED PARTY TRANSACTIONS
During the year ended December 31, 2020, Phil Ray, CEO, loaned the Company $10,518. The loan matures and will begin to accrue interest on December 31, 2022.
During the six months ended June 30, 2021, Phil Ray, CEO, loaned the Company $7,500. The loan matures and will begin to accrue interest on December 31, 2023.
NOTE 5 - SUBSEQUENT EVENTS
Management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these unaudited consolidated financial statements.
Item 2. Management’s Discussion and Analysis of FinancialCondition and Results of Operations
Forward-Looking Statements
This quarterly report on Form 10-Q contains “forward-lookingstatements” that include information relating to future events, future financialperformance, strategies, expectations, competitive environment, regulation andavailability of resources. These forward-looking statements include, withoutlimitation, statements regarding: proposed new products or services; ourstatements concerning litigation or other matters; statements concerningprojections, predictions, expectations, estimates or forecasts for our business,financial and operating results and future economic performance; statements ofmanagement’s goals and objectives; trends affecting our financial condition,results of operations or future prospects; our financing plans or growthstrategies; and other similar expressions concerning matters that are nothistorical facts. Words such as “may,” “will,” “should,” “could,” “would,”“predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,”“intends,” “plans,” “believes” and “estimates,” and similar expressions, as wellas statements in future tense, identify forward-looking statements.
Forward-looking statements should not be read as a guaranteeof future performance or results, and will not necessarily be accurateindications of the times at, or by which, that performance or those results willbe achieved. Forward-looking statements are based on information available atthe time they are made and/or management’s good faith belief as of that timewith respect to future events, and are subject to risks and uncertainties thatcould cause actual performance or results to differ materially from thoseexpressed in or suggested by the forward-looking statements. We assume noobligation to update forward-looking statements to reflect actual results,changes in assumptions or changes in other factors affecting forward-lookinginformation, except to the extent required by applicable securities laws. If wedo update one or more forward-looking statements, no inference should be drawnthat we will make additional updates with respect to those or otherforward-looking statements.
Business Overview
Centennial Growth Equities, Inc. was incorporated in the State of Colorado on June 6, 2000 for the purpose of conducting business in the area of real estate, including the purchase and sale of all types of real estate, remodeling, building, refurbishing all types of real estate, the development of land for real estate development, the purchase and sale of land assets and to operate a construction business in connection with the above described activities with the extent of the laws of the State of Colorado. Our address is 11069 East Kilarea Ave. #180, Mesa, Arizona 85209. Telephone 303-725-7935.
The management is changing the direction of the Company to be a product development and marketing company. The Company is in the process of developing a line of products for camping, travel and emergency, all of which will be marketed under a company logo.
As a part of the program, the Company is designing a lightweight travel, camping and emergency trailer, which encompasses a number of extra features that will make it unique in the industry.
The trailer, unlike most trailers, is a one-wheel (swivel-wheel) trailer that is versatile, capable of being towed by any size of vehicle, from a large van to a small Volkswagen Bug or other small cars. It is designed to be very different from camper trailers that are presently on the market. Not to be a sleeper trailer, and yet, with the adaption of a specially made tent attachment, can accommodate sleeping arrangements. There will be several different models.
A single wheel trailer is a trailer that has only one wheel supporting it with a rigid attachment to the vehicle. Unlike traditional trailers with a ball pivot, the single swivel wheel trailer always tracks with the tow vehicle, acting more like an extension of the vehicle.
The trailer is usually fitted with a two-power hitch, which is attached to the tow vehicle at a standard Class-III or Class-IV, 2”x2” receiver on the vehicle.
With the swivel wheel, the trailer does not swing from side to side and does not fishtail or jackknife like most trailers. When backing and turning, the trailer stays straight with the tow vehicle and the wheel swivels around to the direction of the motion.
In one model of the trailer, there will be an assortment of emergency type of items such as the following:
| 1. | Our emergency kit containing 17 very important<br> items for travel, camping and emergency use |
|---|---|
| 2. | First Aid Kit containing 299 items –for camping<br> or emergency or when traveling |
| 3. | Water purifier kit – small and convenient but<br> excellent for camping or emergency or travel |
| 4. | Emergency Reflectors - 3 large reflectors for<br> emergency use |
| 5. | Folding shovel/pick – a small but convenient<br> folding shovel with spade. |
| 6. | Hatchet with saw and fire starter – an<br> important camping and emergency item |
| 7. | Camp Table – lightweight and strong 3’-Fold N<br> Half Aluminum Table |
| 8. | Folding Camp chairs - 2each-lightweight but<br> compact and strong – 2 in each trailer |
| 9. | Portable camp toilet /camping commode – for<br> camping and emergency use |
| 10. | Collapsible Water bucket – for camping and<br> emergency use. Folds to 2” and holds up to 3 gallons |
| 11. | Waterproof folding Toilet Paper Storage<br> Cylinder Case –for keeping toilet paper handy and dry. |
| 12. | Tarp - Large Multi-Purpose,<br> waterproof, heavy duty poly tarp |
| 13. | Portable battery powered<br> shower – This battery powered shower for showering from a bucket of<br> water. |
| 14. | Emergency blankets – a pack<br> of 4 emergency thermal blanks for emergency use |
| 15. | Reusable Emergency Sleeping<br> Bag – A small thermal waterproof survival sleeping bag |
| 16. | Tire repair kit - for the<br> repair of a tire that leaks. |
| 17. | Survival Gear Tube Tent – A<br> compact, lightweight waterproof tent for emergency use. |
| 18. | Duct Tape – a roll of duct<br> tape which can have multiple uses. |
| 19. | Mess Kit – an 11-piece kit<br> with plates, cups, eating utensils and pan. |
The Company has researched possible venders for components for the trailer and all items that would be included in the basic model of the trailer.
Critical Accounting Policies, Judgments andEstimates
Our discussion and analysis of our financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The preparation of these consolidated financial statements requires us to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
Results of Operations for the threemonths ended June 30,2021compared to the three months ended June 30, 2020.
As of June 30, 2021, the Company has had no revenue.
Operating expenses primarily consist of costs related to filing the Form 10-Kand Form 10-Qs for the Company, including audit and accounting expense and filing fees. For the three months ended June 30, 2021, total operating expenses were $2,959 compared to $0 during the three months ended June 30, 2020.
During the three months ended June 30, 2021, the Company incurred a net loss of $2,959, compared to a net loss of $0 during the three months ended June 30, 2020. The increase in net loss was related to the increase in operating expenses described above.
Results of Operations for the six months ended June 30, 2021compared to the six months ended June 30, 2020.
Operating expenses primarily consist of costs related to filing the Form 10-Kand Form 10-Qs for the Company, including audit and accounting expense and filing fees. For the six months ended June 30, 2021, total operating expenses were $8,713 compared to $0 during the six months ended June 30, 2020.
During the six months ended June 30, 2021, the Company incurred a net loss of $8,713, compared to a net loss of $0 during the six months ended June 30, 2020. The increase in net loss was related to the increase in operating expenses described above.
Liquidity and Capital Resources
As of June 30, 2021, we had a cash balance of $398 and $18,018 due to our CEO.
Investing Activities
We neither generated nor used cash in investing activities during the six months ended June 30, 2021 and 2020.
Financing Activities
Cash flows provided by financing activities were $7,500 in loan proceeds from a related party and $0 during the six months ended June 30, 2021 and 2020, respectively.
Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The Company currently has limited operations and has an accumulated deficit of $145,700. If the Company cannot fulfill its business plan, the Company may attempt to find a merger target in the form of an operating entity. The Company cannot be certain that it will be successful in this strategy.
These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Off Balance Sheet Arrangements
We have not entered into any off-balance sheet arrangements.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUTMARKET RISKS.
Not applicable to smaller reporting companies.
ITEM 4. CONTROLS AND PROCEDURES.
Evaluation of Disclosure Controls and Procedures
We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, they concluded that our disclosure controls and procedures were not effective for the quarterly period ended June 30, 2021.
The following aspects of the Company were noted as potential material weaknesses:
● lack of an audit committee
● lack of separation of duties
In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs.
Changes in Internal Controls
Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that no change occurred in the Company's internal controls over financial reporting during the quarter ended June 30, 2021, that has materially affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting.
PART II
ITEM 1. LEGAL PROCEEDINGS.
There are no legal proceedings against the Company and the Company is unaware of any proceedings contemplated against it.
Item 1A. Risk Factors.
In accordance with the requirements of Form 10-Q, the Company, as a smaller reporting company, is not required to make the disclosure under this item.
Item 2. Unregistered Sales of Equity Securities and Use ofProceeds.
None
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
None
Item 5. Other Information.
None
Item 6. Exhibits.
(a) Exhibits.
| Exhibit | |
|---|---|
| No. | Description |
| 101.INS* | XBRL Instance Document |
| 101.SCH* | XBRL Taxonomy Extension Schema Document |
| 101.CAL* | XBRL Taxonomy Extension Calculation Linkbase<br> Document |
| 101.DEF* | XBRL Taxonomy Extension Definition Linkbase<br> Document |
| 101.LAB* | XBRL Taxonomy Extension Label Linkbase<br> Document |
| 101.PRE* | XBRL Taxonomy Extension Presentation Linkbase<br> Document |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
Signatures
Pursuant to the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Centennial Growth Equities, Inc. | ||
|---|---|---|
| Date:August 11, 2021 | By: | /s/ PhilE. Ray |
| Phil E. Ray, Chief Executive Officer, | ||
| Chief Financial and Accounting Officer and | ||
| Director |
Centennial Growth Equities, Inc.: Exhibit 32.1 - Filed by EDGARhub LLC
EXHIBIT 32.1
CERTIFICATION
Pursuant to 18 U.S.C. 1350 (Section 906 of the Sarbanes-Oxley Act of 2002)
In connection with the Quarterly Report on Form 10-Q of Centennial Growth Equities Inc. (the “Company”) for the quarterended June 30, 2021, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Phil E. Ray, as Chief Executive Officer and Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
| (1) | The Report fully complies with the requirements of<br> Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and<br> | |
|---|---|---|
| (2) | The information contained in the Report fairly presents,<br> in all material respects, the financial condition and results of<br> operations of the Company. | |
| Date: August 11, 2021 | By: | /s/ Phil E. Ray |
| --- | --- | --- |
| Phil E. Ray | ||
| Chief Executive<br> Officer and Chief Financial | ||
| Officer |
This certification accompanies each Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.
A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.
Centennial Growth Equities, Inc.: Exhibit 31.1 - Filed by EDGARhub LLC
EXHIBIT 31.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, PhilE. Ray, certify that:
| 1. | I have reviewed this report on Form 10-Q. | |
|---|---|---|
| 2. | Based on my knowledge, this report does not contain any<br> untrue statement of a material fact or omit to state a material fact<br> necessary to make the statements made, in light of the circumstances under<br> which such statements were made, not misleading with respect to the period<br> covered by this report; | |
| 3. | Based on my knowledge, the financial statements, and<br> other financial information included in this report, fairly present in all<br> material respects the financial condition, results of operations and cash<br> flows of the registrant as of, and for, the periods presented in this<br> report; | |
| 4. | The registrant’s other certifying officer(s) and I are<br> responsible for establishing and maintaining disclosure controls and<br> procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and<br> internal control over financial reporting (as defined in Exchange Act<br> Rules 13a-15(f) and 15d-15(f)) for the registrant and have:<br> | |
| a) | Designed such disclosure controls and procedures or<br> caused such disclosure controls and procedures to be designed under our<br> supervision, to ensure that material information relating to the<br> registrant, including its consolidated subsidiaries, is made known to us<br> by others within those entities, particularly during the period in which<br> this report is being prepared; | |
| --- | --- | |
| b) | Designed such internal control over financial reporting,<br> or caused such internal control over financial reporting to designed under<br> our supervision, to provide reasonable assurance regarding the reliability<br> of financial reporting the preparation of financial statements for<br> external purposes in accordance with generally accepted accounting<br> principles; | |
| c) | Evaluated the effectiveness of the registrant’s<br> disclosure controls and procedures and presented in this report our<br> conclusions about the effectiveness of the disclosure controls and<br> procedures, as of the end of the period covered by this report based on<br> such evaluation; and | |
| d) | Disclosed in this report any change in the registrant’s<br> internal control over financial reporting that occurred during the<br> registrant’s most recent fiscal quarter (the registrant’s fourth fiscal<br> quarter in the case of an annual report) that has materially affected, or<br> is reasonably likely to materially affect, the registrant’s internal<br> control over financial reporting; and | |
| 5. | The registrant’s other certifying officer(s) and I have<br> disclosed, based on our most recent evaluation of internal control over<br> financial reporting, to the registrant’s auditors and the audit committee<br> of registrant’s board of directors (or persons performing the equivalent<br> functions): | |
| --- | --- | |
| a) | All significant deficiencies and material<br> weaknesses in the design or operation of internal control over financial<br> reporting which are reasonably likely to adversely affect the registrant’s<br> ability to record, process, summarize and report financial information;<br> and | |
| --- | --- | |
| b) | Any fraud, whether or not material, that<br> involves management or other employees who have a significant role in the<br> registrant’s internal control over financial reporting. | |
| Date: August 11, 2021 | By: | /s/ Phil E. Ray |
| --- | --- | --- |
| Phil E. Ray | ||
| Chief Executive Officer and Chief | ||
| Financial Officer |