x
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ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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o
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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NEVADA
|
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(State
or other jurisdiction of
incorporation
or organization)
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(IRS
Employer Identification No.)
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1921
Denver West Court, Suite 2022
Golden,
Colorado
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80401
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(Address
of principal executive offices)
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(Zip
Code)
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Securities
registered under Section 12(b) of the Exchange Act:
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|
Title
of each class registered:
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Name
of each exchange on which registered:
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None
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None
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Securities
registered under Section 12(g) of the Exchange Act:
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|
Common
Stock, par value $0.00001
(Title
of class)
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Large
accelerated filer
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o
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Accelerated
filer
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o
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Non-accelerated
filer
(Do
not check if a smaller reporting company)
|
o
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Smaller
reporting company
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x
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PAGE
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||||
PART
I
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||||
ITEM
1.
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1 | |||
ITEM
1A.
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2 | |||
ITEM
2.
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2 | |||
ITEM
3.
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3 | |||
ITEM
4.
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3 | |||
PART
II
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||||
ITEM
5.
|
3 | |||
ITEM
6.
|
3 | |||
ITEM
7.
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3 | |||
ITEM
7A.
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5 | |||
ITEM
8.
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7 | |||
ITEM
9.
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8 | |||
ITEM
9A.
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8 | |||
PART
III
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||||
ITEM
10.
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9 | |||
ITEM
11.
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10 | |||
ITEM
12.
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10 | |||
ITEM
13.
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11 | |||
ITEM
14.
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11 | |||
ITEM
15.
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12 | |||
SIGNATURES
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PAGE
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F-1
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REPORT
OF INDEPENDEDNT REGISTERED PUBLIC ACCOUNTING FIRM
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PAGE
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F-2
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BALANCE
SHEETS AS OF NOVEMBER 31, 2008 AND 2007
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PAGE
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F-3
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STATEMENTS
OF OPERATIONS FOR THE YEARS ENDED NOVEMBER 30, 2008 AND 2007 AND FOR THE
PERIOD FROM OCTOBER 21, 2005 (INCEPTION) TO NOVEMBER 31,
2008
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PAGE
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F-4
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STATEMENT
OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIENCY) FOR THE PERIOD FROM
OCTOBER 21, 2005 (INCEPTION) TO NOVEMBER 31, 2008
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PAGE
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F-5
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STATEMENTS
OF CASH FLOWS FOR THE YEARS ENDED NOVEMBER 31, 2008 AND 2007 AND FOR THE
PERIOD FROM OCTOBER 21, 2005 (INCEPTION) TO NOVEMBER 31,
2008
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PAGES
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F-6
- F-11
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NOTES
TO FINANCIAL STATEMENTS
|
Paw
Spa, Inc.
|
||||||||
(A
Development Stage Company)
|
||||||||
Balance
Sheets
|
||||||||
ASSETS
|
||||||||
November
30, 2008
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November
30, 2007
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|||||||
Current
Assets
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||||||||
Cash
|
$ | 77 | $ | 52,186 | ||||
Prepaid
expenses
|
833 | 350 | ||||||
Security
deposit
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- | 350 | ||||||
Total
Assets
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$ | 910 | $ | 52,886 | ||||
LIABILITIES AND STOCKHOLDERS'
EQUITY/(DEFICIENCY)
|
||||||||
Current
Liabilities
|
||||||||
Accounts payable
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$ | 22,365 | $ | 7,277 | ||||
Loan
payable
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6,905 | - | ||||||
Stockholder
loans
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12,634 | 17,634 | ||||||
Total
Current Liabilities
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41,904 | 24,911 | ||||||
Commitments
and Contingencies
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- | - | ||||||
Stockholders'
Equity/(Deficiency)
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||||||||
Preferred
stock, $0.00001 par value; 100,000,000 shares authorized,
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||||||||
none
issued and outstanding
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- | - | ||||||
Common
stock, $0.00001 par value; 100,000,000 shares
authorized,
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||||||||
5,757,900
and 5,757,900 shares issued and outstanding, respectively
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58 | 58 | ||||||
Additional
paid-in capital
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93,632 | 81,964 | ||||||
Deficit
accumulated during the development stage
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(134,684 | ) | (54,047 | ) | ||||
Total
Stockholders' Equity/(Deficiency)
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(40,994 | ) | 27,975 | |||||
Total
Liabilities and Stockholders' Equity/(Deficiency)
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$ | 910 | $ | 52,886 | ||||
Paw
Spa, Inc.
|
||||||||||||
(A
Development Stage Company)
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||||||||||||
Statements
of Operations
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||||||||||||
For
the Years Ended November 30,
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For
the Period from October 21, 2005 (inception)
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|||||||||||
2008
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2007
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November
30, 2008
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||||||||||
Operating
Expenses
|
||||||||||||
Professional
fees
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$ | 38,095 | $ | 14,565 | $ | 72,372 | ||||||
General
and administrative
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37,584 | 15,855 | 53,972 | |||||||||
Impairment
Loss
|
3,000 | - | 3,000 | |||||||||
Total
Operating Expenses
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78,679 | 30,420 | 129,344 | |||||||||
Loss
from Operations
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(78,679 | ) | (30,420 | ) | (129,344 | ) | ||||||
Other
Expense
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||||||||||||
Interest
Expense
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(1,958 | ) | (3,382 | ) | (5,340 | ) | ||||||
Loss
from Operation before Provision for Income Taxes
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(80,637 | ) | (33,802 | ) | (134,684 | ) | ||||||
Provision
for Income Taxes
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- | - | - | |||||||||
Net
Loss
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$ | (80,637 | ) | $ | (33,802 | ) | $ | (134,684 | ) | |||
Net
Loss Per Share - Basic and Diluted
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$ | (0.01 | ) | $ | (0.01 | ) | ||||||
Weighted
average number of shares outstanding
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||||||||||||
during
the period - Basic and Diluted
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5,757,900 | 5,686,601 |
Paw
Spa, Inc.
|
||||||||||||||||||||||||||||||||
(A
Development Stage Company)
|
||||||||||||||||||||||||||||||||
Statement
of Changes in Stockholders' Equity/(Deficiency)
|
||||||||||||||||||||||||||||||||
For
the period from October 21, 2005 (inception) to November
30,2008
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||||||||||||||||||||||||||||||||
|
|
Deficit
|
||||||||||||||||||||||||||||||
Preferred
stock
$.00001 Par
Value
|
Common
stock
$.00001 Par
Value
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Additional
|
accumulated
during
|
Total
Stockholder's
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||||||||||||||||||||||||||||
paid-in
|
development
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Subscription
|
Equity
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|||||||||||||||||||||||||||||
Shares
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Amount
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Shares
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Amount
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capital
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stage
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Receivable
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(Deficiency)
|
|||||||||||||||||||||||||
Balance
October 21, 2005 (Inception)
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- | $ | - | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
Common
stock issued to founders for cash ($0.00001 per share)
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- | - | 5,000,000 | 50 | - | - | - | 50 | ||||||||||||||||||||||||
Net
loss for the period October 21, 2005 (inception ) to November 30,
2005
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- | - | - | - | - | (15,434 | ) | - | (15,434 | ) | ||||||||||||||||||||||
Balance
November 30, 2005
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- | - | 5,000,000 | 50 | - | (15,434 | ) | - | (15,384 | ) | ||||||||||||||||||||||
Common
stock issued for cash ($0.00001 per share)
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- | - | 394,900 | 4 | 39,486 | - | (12,490 | ) | 27,000 | |||||||||||||||||||||||
Net
loss
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- | - | - | - | - | (4,811 | ) | - | (4,811 | ) | ||||||||||||||||||||||
Balance
November 30, 2006 (Restated)
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- | - | 5,394,900 | 54 | 39,486 | (20,245 | ) | (12,490 | ) | 6,805 | ||||||||||||||||||||||
In
kind contribution of services
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- | - | - | - | 2,800 | - | - | 2,800 | ||||||||||||||||||||||||
In
kind contribution of interest
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- | - | - | - | 3,382 | - | - | 3,382 | ||||||||||||||||||||||||
Common
stock issued for cash ($0.00001 per share)
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- | - | 363,000 | 4 | 36,296 | - | 12,490 | 48,790 | ||||||||||||||||||||||||
Net
loss
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- | - | - | - | - | (33,802 | ) | - | (33,802 | ) | ||||||||||||||||||||||
Balance
November 30, 2007
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- | - | 5,757,900 | 58 | 81,964 | (54,047 | ) | - | 27,975 | |||||||||||||||||||||||
In
kind contribution of services
|
- | - | - | - | 7,800 | - | - | 7,800 | ||||||||||||||||||||||||
In
kind contribution of automobile lease
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- | - | - | - | 2,100 | - | - | 2,100 | ||||||||||||||||||||||||
In
kind contribution of interest
|
- | - | - | - | 1,768 | - | - | 1,768 | ||||||||||||||||||||||||
Net
loss
|
- | - | - | - | - | (80,637 | ) | - | (80,637 | ) | ||||||||||||||||||||||
Balance,
November 30, 2008
|
- | $ | - | 5,757,900 | $ | 58 | $ | 93,632 | $ | (134,684 | ) | $ | - | $ | (40,094 | ) |
Paw
Spa, Inc.
|
||||||||||||
(A
Development Stage Company)
|
||||||||||||
Statements
of Cash Flows
|
||||||||||||
For
the Year Ended
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For
the Period from October 21, 2005 (inception) to
|
|||||||||||
November
30, 2008
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November
30, 2007
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November
30, 2008
|
||||||||||
Cash
Flows From Operating Activities:
|
||||||||||||
Net
Loss
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$ | (80,637 | ) | $ | (33,802 | ) | $ | (134,684 | ) | |||
Adjustments
to reconcile net loss to
net
cash used in operations
|
||||||||||||
In-kind
contribution of services
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7,800 | 6,182 | 10,600 | |||||||||
In-kind
contribution of automobile
lease
|
2,100 | - | 2,100 | |||||||||
In-kind
contribution of interest
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1,768 | - | 5,150 | |||||||||
Impairment
Loss
|
3,000 | - | 3,000 | |||||||||
Changes
in operating assets and
liabilities:
|
||||||||||||
Increase
in prepaid expenses and
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(133 | ) | (700 | ) | (833 | ) | ||||||
Increase
in accounts payable
deposits
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15,088 | 4,565 | 22,365 | |||||||||
Net
Cash Used In Operating Activities
|
(51,014 | ) | (23,755 | ) | (92,302 | ) | ||||||
Cash
Flows From Investing Activities:
|
||||||||||||
Purchase
of Fixed Assets
|
(3,000 | ) | - | (3,000 | ) | |||||||
Net
Cash Used In Investing Activities
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(3,000 | ) | - | (3,000 | ) | |||||||
Cash
Flows From Financing Activities:
|
||||||||||||
Proceeds
from stockholder loans
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- | - | 17,634 | |||||||||
Repayment
of stockholder loans
|
(5,000 | ) | - | (5,000 | ) | |||||||
Loans
payable
|
6,905 | - | 6,905 | |||||||||
Proceeds
from issuance of common stock
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- | 48,790 | 75,840 | |||||||||
Net
Cash Provided by (Used in) Financing Activities
|
1,905 | 48,790 | 95,379 | |||||||||
Net
Increase (Decrease) in Cash
|
(52,109 | ) | 25,035 | 77 | ||||||||
Cash
at Beginning of Period/Year
|
52,186 | 27,151 | - | |||||||||
Cash
at End of Period/Year
|
$ | 77 | $ | 52,186 | $ | 77 | ||||||
Supplemental disclosure of cash flow
information:
|
||||||||||||
Cash
paid for interest
|
$ | - | $ | - | $ | - | ||||||
Cash
paid for taxes
|
$ | - | $ | - | $ | - | ||||||
Name
and Address
|
Age
|
Position(s)
|
Edd
Cockerill
1921
Denver West Ct. #2022
Golden,
Colorado 80401
|
53
|
President,
Chief Executive Officer, Treasurer,
Chief
Financial Officer, Principal
Accounting Officer
and
Chairman of the Board of
Directors
|
Non-
|
Nonqualified
|
||||||||||||||||||||||||||||||||
Name
|
Equity
|
Deferred
|
All
|
||||||||||||||||||||||||||||||
and
|
Stock
|
Option
|
Incentive
|
Compensation
|
Other
|
||||||||||||||||||||||||||||
Principal
|
Salary
|
Bonus
|
Awards
|
Awards
|
Plan
|
Earnings
|
Compensation
|
Total
|
|||||||||||||||||||||||||
Position
|
Year
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Edd
Cockerill
|
2008
|
$
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
$
|
0
|
||||||||||||||||||||||
President,
Treasurer
|
2007
|
5,000
|
0
|
0
|
0
|
0
|
0
|
0
|
5,000
|
||||||||||||||||||||||||
2006
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Direct
Amount of
|
Percent
|
|||
Name
of Beneficial Owner
|
Beneficial
Owner
|
Position
|
of
Class
|
|
Edd
Cockerill
|
5,000,000
|
President,
Chief Executive Officer,
|
86.84
%
|
|
1921
Denver West Ct. #2022
|
and
Director
|
|||
Golden,
CO 80401
|
||||
All
Officers and Directors as a
|
86.84
%
|
|||
Group (1
Person)
|
5,000,000
|
2008
|
$
|
11,298
|
Webb
& Company, P.A
|
||
2008
|
$
|
0
|
Williams
& Webster, CPA, P.S.
|
||
2007
|
$
|
9,585
|
Williams
& Webster, CPA, P.S.
|
||
2007
|
$
|
7,757
|
Webb
& Company,
P.A.
|
-
|
approved
by our audit committee; or
|
-
|
entered
into pursuant to pre-approval policies and procedures established by the
audit committee, provided the policies and procedures are detailed as to
the particular service, the audit
committee is informed of each service, and such policies and procedures do
not include delegation of the audit committee's responsibilities to
management.
|
Exhibits
No.
|
Descriptions
|
31.1
|
Certification
of Chief Executive Officer and Chief Financial Officer Pursuant to Section
302 of the Sarbanes-Oxley Act of
2002
|
32.1
|
Certification
of Chief Executive Officer and Chief Financial Officer Pursuant to
Section 906 of the Sarbanes-Oxley Act of
2002
|
PAW
SPA, INC.
|
|||
Date:
February 27, 2009
|
By:
|
/s/ Edd Cockerill | |
Edd
Cockerill
|
|||
President,
Chief Executive Officer, Treasurer,
Chief
Financial Officer, Principal
Accounting Officer,
|
|||
and
sole member of the Board of Directors
|
Name
|
Title
|
Date
|
|
/s/
Edd Cockerill
|
President, Chief Executive Officer, Treasurer, Chief Financial Officer, |
February 27,
2009
|
|
Edd
Cockerill
|
Principal
Accounting Officer, and sole member of the Board of
Directors
|