U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
Quarterly Report under Section 13 or 15 (d) of
Securities Exchange Act of 1934
For the Period ended October 31, 2005
Commission File Number 333-125956
WESTCOAST GOLF EXPERIENCES, INC.
(Name of small business issuer in its charter)
Nevada 7999 20-2706319
(State of incorporation) (Primary SIC Number) (IRS Employer ID Number)
#309 - 333 East 1st Street
North Vancouver, BC, Canada V7L 4W9
(604)988-1083
(Address and telephone number of principal executive offices)
Michael M. Kessler, Esq.,
3436 American Drive, Suite 11
Sacramento, CA 95864
Phone: (916)239 4000
Fax: (916) 239 4008
(Name, address and telephone number of agent for service)
Check 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 is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
There were 2,000,000 shares of Common Stock outstanding as of October 31, 2005.
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
Balance Sheets
October 31, 2005 April 30, 2005
---------------- --------------
(unaudited)
ASSETS
Current Assets
Cash $ 3,645 $ 10,000
-------- --------
Total Assets $ 3,645 $ 10,000
======== ========
LIABILITIES
Current Liabilities
Accounts Payable and accrued liabilities $ 4,447 $ 5,045
-------- --------
Total Current Liabilities 4,447 5,045
-------- --------
STOCKHOLDERS' EQUITY (DEFICIENCY)
Common Stock (Note 2)
75,000,000 authorized shares, par value $0.001
2,000,000 shares issued and outstanding
(April 30, 2005 - 2,000,000) 2,000 2,000
Additional Paid-in-Capital 8,000 8,000
Deficit accumulated during development stage (10,802) (5,045)
-------- --------
Total Stockholders' Equity (802) 4,955
-------- --------
Total Liabilities and Stockholders' Equity $ 3,645 $ 10,000
======== ========
Going Concern Contingency (Note 1)
The accompanying notes are an integral part of
these interim financial statements.
2
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
Interim Statements of Operations
(unaudited)
Three Months Six Months April 20, 2005
Ended Ended (inception) to
October 31, 2005 October 31, 2005 October 31, 2005
---------------- ---------------- ----------------
REVENUES:
Revenues $ -- $ -- $ --
----------- ----------- -----------
EXPENSES:
General and administrative expenses 2,409 5,757 10,802
----------- ----------- -----------
NET LOSS FOR THE PERIOD $ (2,409) $ (5,757) $ (10,802)
=========== =========== ===========
Basic loss Per Common Share $ (0.00) $ (0.00)
=========== ===========
Weighted Average number of Common Shares Outstanding 2,000,000 2,000,000
=========== ===========
The accompanying notes are an integral part of
these interim financial statements.
3
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
Statement of Stockholders' Equity
For the period from April 20, 2005 (inception) to October 31, 2005 (unaudited)
Deficit
Accumulated
Additional During the Total
$0.001 Paid-In Development Stockholders'
Shares Par Value Capital Stage Equity
------ --------- ------- ----- ------
Balance April 20, 2005 -- $ -- $ -- $ -- $ --
Stock Issued for cash at $0.005 per share 2,000,000 2,000 8,000 -- 10,000
Net loss for the period from
April 20, 2005 (inception) to April 30, 2005 -- -- -- (5,045) (5,045)
--------- ------ ------ -------- --------
Balance April 30, 2005 2,000,000 2,000 8,000 (5,045) 4,955
Net loss for the six month period ended
October 31, 2005 (unaudited) -- -- -- (5,757) (5,757)
--------- ------ ------ -------- --------
Balance October 31, 2005 (unaudited) 2,000,000 $2,000 $8,000 $(10,802) $ (802)
========= ====== ====== ======== ========
The accompanying notes are an integral part of
these interim financial statements.
4
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
Interim Statements of Cash Flows
(unaudited)
Six months April 20, 2005
ended (inception) to
October 31, 2005 October 31, 2005
---------------- ----------------
Cash Flows from Operating Activities:
Net Loss for the period $ (5,757) $(10,802)
Adjustments to reconcile net loss to net cash
from operating activities:
Accounts Payable and accrued liabilities (598) 4,447
-------- --------
Net Cash Used in Operating Activities (6,355) (6,355)
-------- --------
Cash Flows from Financing Activities:
Common Stock issued for cash -- 10,000
-------- --------
Net Cash Provided by Financing Activities -- 10,000
-------- --------
Net Increase (Decrease) in Cash (6,355) 3,645
Cash Balance, Beginning of Period 10,000 --
-------- --------
Cash Balance, End of Period $ 3,645 $ 3,645
======== ========
Supplemental Disclosures:
Cash Paid for interest $ -- $ --
======== ========
Cash Paid for income taxes $ -- $ --
======== ========
The accompanying notes are an integral part of
these interim financial statements.
5
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
October 31, 2005 (unaudited)
Notes to Interim Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION
WestCoast Golf Experiences, Inc. (the "Company") was incorporated under the laws
of the State of Nevada on April 20, 2005 for the purpose of marketing golf
packages to corporate clients for their employees or customers utilizing the
Company's teaching professionals and other computer aided instruction.
The Company has a total of 75,000,000 authorized shares with a par value of
$0.001 per share and 2,000,000 shares issued and outstanding as of October 31,
2005.
The Company has been in the initial organization stage since inception and has
no business assets nor current operating revenues. The Company's ability to
continue as a going concern is dependent on raising additional capital to fund
future operations and ultimately to attain profitable operations. Accordingly,
these factors raise substantial doubt as to the Company's ability to continue as
a going concern.
The Company has completed a form SB-2 Registration Statement under the
Securities Act of 1933 with the U.S. Securities and Exchange Commission
registering up to 1,000,000 shares of the Issuer's common stock in connection
with an offering of 1,000,000 shares of the Issuer's common stock at a price of
$0.025 per share to raise $25,000. The Company is in the process of raising the
funds, but has not completed selling the offering.
The Company expects to satisfy its cash requirements for the next twelve months
with the current cash in the bank, proceeds from the planned offering and
advances from the Company's sole director if required.
UNAUDITED INTERIM FINANCIAL STATEMENTS
The accompanying unaudited interim financial statements have been prepared in
accordance with United States generally accepted accounting principles for
interim financial information and with the instructions to Form 10-QSB of
Regulation S-B. They do not include all information and footnotes required by
United States generally accepted accounting principles for complete financial
statements. However, except as disclosed herein, there has been no material
changes in the information disclosed in the notes to the financial statements
for the period ended April 30, 2005 included in the Company's Registration
Statement on Form SB-2 filed with the Securities and Exchange Commission. The
interim unaudited financial statements should be read in conjunction with those
financial statements included in the Form SB-2. In the opinion of Management,
all adjustments considered necessary for a fair presentation, consisting solely
of normal recurring adjustments, have been made. Operating results for the six
months ended October 31, 2005 are not necessarily indicative of the results that
may be expected for the year ending April 30, 2006.
6
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
October 31, 2005 (unaudited)
Notes to Interim Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CON'T)
BASIS OF PRESENTATION
These financial statements are presented in United States dollars and have been
prepared in accordance with United States generally accepted accounting
principles.
The Company's year end is April 30 with its initial period being from April 20,
2005 to April 30, 2005.
DEVELOPMENT STAGE ENTERPRISE
The Company is a development stage enterprise, as defined in Financial
Accounting Standards Board ("FASB") Statement ("SFAS") No. 7. The Company is
devoting all of its present efforts to securing and establishing a new business.
Its planned principal operations have not commenced and accordingly, no revenue
has been derived during the organizational period.
USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted
accounting principles in the United States of America 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 could differ from those estimates.
FAIR VALUE OF FINANCIAL INSTRUMENTS
In accordance with the requirements of SFAS No. 107, management has determined
the estimated fair value of financial instruments using available market
information and appropriate valuation methodologies. The fair value of financial
instruments classified as current assets or liabilities approximate carrying
value due to the short-term maturity of the instruments.
FEDERAL INCOME TAX
The Company has adopted the provisions of SFAS No. 109, "Accounting for Income
Taxes". The Company accounts for income taxes pursuant to the provisions of SFAS
No. 109 which requires an asset and liability approach to calculating deferred
income taxes. The asset and liability approach requires the recognition of
deferred tax liabilities and assets for the expected future tax consequences of
temporary differences between the carrying amounts and the tax basis of assets
and liabilities.
7
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
October 31, 2005 (unaudited)
Notes to Interim Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CON'T)
EARNINGS (LOSS) PER COMMON SHARE
The Company computes earnings (loss) per share in accordance with the provisions
of SFAS No. 128, "Earnings Per Share".
Basic earnings (loss) per share is computed on the basis of the weighted average
number of common shares outstanding during the period.
Diluted earnings (loss) per share is computed on the basis of the weighted
average number of common shares and dilutive securities outstanding during the
period. Dilutive securities having an anti-dilutive effect on diluted earnings
(loss) per share are excluded from the calculation.
Diluted loss per share is equal to basic loss per share as there are no dilutive
securities outstanding.
STOCK-BASED COMPENSATION
The Company has not adopted a stock option plan and has not granted any stock
options. Accordingly no stock-based compensation has been recorded to date.
COMPREHENSIVE INCOME
SFAS No. 130, "Reporting Comprehensive Income," establishes standards for
reporting and presentation of comprehensive income, its components and
accumulated balances. Comprehensive income is defined to include all changes in
equity except those resulting from investments by owners and distributions to
owners. Among other disclosures, SFAS No.130 requires that all items that are
required to be recognized under current accounting standards as components of
comprehensive income be reported in a financial statement that is presented with
the same prominence as other financial statements. The Company does not have any
assets requiring disclosure of comprehensive income.
RECENT ACCOUNTING PRONOUNCEMENTS
In December 2004, the FASB issued SFAS No. 123 (Revised 2004), Share-Based
Payment ("SFAS 123(R)"), which requires the compensation cost related to
share-based payments, such as stock options and employee stock purchase plans,
be recognized in the financial statements based on the grant-date fair value of
the award. SFAS 123(R) is effective for all interim periods beginning after
December 15, 2005. Management does not believe that the adoption of this
standard will have a material impact on the Company's financial condition or
results of operations.
8
WestCoast Golf Experiences, Inc.
(A Development Stage Enterprise)
October 31, 2005 (unaudited)
Notes to Interim Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CON'T)
RECENT ACCOUNTING PRONOUNCEMENTS (CON'T)
In December 2004, the FASB issued SFAS No. 153, Exchanges of Non-monetary
Assets, an amendment of APB Opinion No. 29, Accounting for Non-monetary
Transactions ("SFAS 153") SFAS 153 requires that exchanges of non-monetary
assets are to be measured based on fair value and eliminates the exception for
exchanges of non-monetary, similar productive assets, and adds an exemption for
non-monetary exchanges that do not have commercial substance. SFAS 153 will be
effective for fiscal periods beginning after June 15, 2005. Management does not
believe that the adoption of this standard will have a material impact on the
Company's financial condition or results of operations.
NOTE 2 - COMMON STOCK
The Company's capitalization is 75,000,000 common shares with a par value of
$0.001 per share.
As at October 31, 2005 and to date, the Company has not granted any stock
options and has not recorded any stock-based compensation.
A total of 2,000,000 shares of the Company's common stock were issued to the
founding and sole director of the Company pursuant to a stock subscription
agreement at $0.005 per share for total proceeds of $10,000.
NOTE 3 - RELATED PARTIES
The Company currently has no significant related party transactions with any
related individuals or entities.
NOTE 4 - INCOME TAXES
The Company has net operating loss carry-forwards of approximately $10,800 which
may be available to offset against future taxable income. Due to the uncertainty
of realization of these loss carry-forwards, a full valuation allowance has been
provided for this deferred tax asset, financial statement purposes and tax
purposes.
9
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
RESULTS OF OPERATIONS
We are still in our development stage and have only commenced generating
revenues.
We incurred operating expenses of $2,409 and $5,757 for the three month and six
month periods ended October 31, 2005. These expenses consisted of general
operating expenses incurred in connection with the day to day operation of our
business and the preparation and filing of our periodic reports and registration
statement.
Our net loss for the three and six months ended October 31, 2005 was $2,409 and
$5,757, respectively. Since we have only been incorporated since April 20, 2005,
no comparisons are included in this report to previous years.
In their report on our audited financial statements as at April 30, 2005, our
auditors expressed their doubt about our ability to continue as a going concern
unless we are able to raise additional capital and ultimately to generate
profitable operations.
LIQUIDITY AND CAPITAL RESOURCES
We are in the process of selling our offering for proceeds of $25,000 and upon
completion, we expect to be able to satisfy our cash requirements for at least
the next 12 months with our cash in the bank of $3,645 at October 31, 2005 plus
the proceeds of our current financing without having to raise additional funds
or seek bank loans. After that 12 month period, if we have not yet generated
revenues sufficient to sustain business operations, we may have to raise
additional monies through sales of our equity securities or through loans from
banks or third parties to continue our business plans, however no such plans are
currently anticipated.
OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements.
BUSINESS OPERATIONS OVERVIEW
Our registration statement became effective on October 27, 2005. Management
estimates we will be able to complete our proposed offering of 1,000,000 common
shares by January 31, 2006. During the months preceding that we will rely upon
existing funds to sustain our operations. Once our funding is received we will
proceed with the more cost intensive aspects of our business plan such as
purchasing new computer equipment and commence advertising. Our 12 month budget
is based on operations which will be completely funded by the $25,000 raised
through this offering. If we begin to generate profits we will increase our
sales activity accordingly.
Our business is client-driven and our revenue requirements will be reviewed and
adjusted based on sales. The costs associated with operating as a public company
are included in our budget. Management will be responsible for the preparation
10
of the required documents to keep the costs to a minimum. Our completed
milestones and planned milestones are as follows:
COMPLETED MILESTONES
* The SB-2 Registration Statement was declared effective by the
Securities and Exchange Commission on October 27, 2005.
* A website developer has been contacted and preliminary discussions
have taken place regarding the look and functionality of the initial
website.
* A comprehensive list of potential clients has been compiled and
contact has been made with several parties regarding the company's
products and services.
* The CSWING golf swing analysis software has been purchased as well as
a digital camcorder for image capturing.
* The Company currently has Gift Certificates available for purchase for
$100 each which include 1 swing analysis plus 1 lesson. To date the
Company has sold 10 Gift Certificates for total proceeds of $1,000
PLANNED MILESTONES
JANUARY/FEBRUARY 2006
We anticipate selling and completing our offering for $25,000. We will purchase
a laptop computer (estimated cost $2,000) to you use with the cswing software.
We will design and print our initial brochure. The initial printing run will be
for 2,000 pieces at an estimated cost of $0.25 per 4-color tri-fold brochure
($500 total). Begin our direct mailing efforts targeting contacts in the
financial industry ($390 postal fees). Hire the website designer to expand the
initial website design at www.westcoastgolfexperiences.com as well as provide
search engine optimization for our website domain (estimated cost $500).
MARCH/APRIL 2006
We plan to attend and advertise our golf packages at the Vancouver Golf and
Travel Show in Vancouver, BC. The rental of a 10' x 10' booth is estimated to
remain at or near the 2005 show cost of $1,295. Our officers will be responsible
for setting up and manning the booth. We anticipate purchasing an additional
2,000 brochures for use at the show and estimate the total cost of attending the
trade show to be $2,000.
MAY/JUNE 2006
Continue our direct mailing efforts targeting contacts in the financial industry
($390 postal fees). Begin advertising campaign in Vancouver and B.C. financial
publications, including Business in Vancouver where a 1/20 of page ad costs
approximately $300 per issue. Business in Vancouver is a weekly publication with
an estimated average weekly readership of 60,000 (www.biv.com).
11
CRITICAL ACCOUNTING POLICIES
The un-audited financial statements as of October 31, 2005 included herein have
been prepared without audit pursuant to the rules and regulations of the U.S.
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with general
accepted accounting procedures have been condensed or omitted pursuant to such
rules and regulations. In the opinion of management, all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation have
been included. It is suggested that these financial statements be read in
conjunction with our April 30, 2005 audited financial statements and notes
thereto, which can be found in our Form SB-2 Registration Statement on the SEC
website at www.sec.gov under our SEC File Number 333-125956.
Management's discussion and analysis of our financial condition and results of
operations are based on the financial statements which are prepared in
accordance with accounting principles generally accepted in the United States of
America (GAAP). The preparation of such financial statements requires Management
to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues and expenses and related disclosure of contingent assets
and liabilities. On an ongoing basis, Management will evaluate its estimates and
will base its estimates on historical experience, as well as on various other
assumptions in light of the circumstances surrounding the estimate, and the
results will form the basis in making judgments about the carrying values of our
assets and liabilities that are not readily apparent from other sources. It
should be noted, however, that actual results could materially differ from the
amount derived from Management's estimates under different assumptions or
conditions.
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 on
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 could differ from those estimates.
FAIR VALUE OF FINANCIAL INSTRUMENTS
In accordance with the requirements of SFAS No. 107, management has determined
the estimated fair value of financial instruments using available market
information and appropriate valuation methodologies. The fair value of financial
instruments classified as current assets or liabilities approximate carrying
value due to the short-term maturity of the instruments.
FEDERAL INCOME TAX
The Company has adopted the provisions of SFAS No. 109, Accounting for Income
Taxes. The Company accounts for income taxes pursuant to the provisions of the
Financial Accounting Standards Board Statement No. 109, "Accounting for Income
12
Taxes", which requires an asset and liability approach to calculating deferred
income taxes. The asset and liability approach requires the recognition of
deferred tax liabilities and assets for the expected future tax consequences of
temporary differences between the carrying amounts and the tax basis of assets
and liabilities.
EARNINGS (LOSS) PER COMMON SHARE
The Company computes earnings (loss) per share in accordance with the provisions
of SFAS No. 128, "Earnings Per Share".
Basic earnings (loss) per share is computed on the basis of the weighted average
number of common shares outstanding during the period.
Diluted earnings (loss) per share is computed on the basis of the weighted
average number of common shares and dilutive securities outstanding during the
period. Dilutive securities having an anti-dilutive effect on diluted earnings
(loss) per share are excluded from the calculation.
Diluted loss per share is equal to basic loss per share as there are no dilutive
securities outstanding.
STOCK-BASED COMPENSATION
The Company has not adopted a stock option plan and has not granted any stock
options. Accordingly no stock-based compensation has been recorded to date.
COMPREHENSIVE INCOME
Statement of Financial Accounting Standards (SFAS) No. 130, "Reporting
Comprehensive Income," establishes standards for reporting and presentation of
comprehensive income, its components and accumulated balances. Comprehensive
income is defined to include all changes in equity except those resulting from
investments by owners and distributions to owners. Among other disclosures, SFAS
No.130 requires that all items that are required to be recognized under current
accounting standards as components of comprehensive income be reported in a
financial statement that is presented with the same prominence as other
financial statements. The Company does not have any assets requiring disclosure
of comprehensive income.
RECENT ACCOUNTING PRONOUNCEMENTS
In December 2004, the FASB issued SFAS No. 123 (Revised 2004), Share-Based
Payment ("SFAS 123(R)"), which requires the compensation cost related to
share-based payments, such as stock options and employee stock purchase plans,
be recognized in the financial statements based on the grant-date fair value of
the award. SFAS 123(R) is effective for all interim periods beginning after
December 15, 2005. Management does not believe that the adoption of this
standard will have a material impact on the Company's financial condition or
results of operations.
13
In December 2004, the FASB issued SFAS No. 153, Exchanges of Non-monetary
Assets, an amendment of APB Opinion No. 29, Accounting for Non-monetary
Transactions ("SFAS 153") SFAS 153 requires that exchanges of non-monetary
assets are to be measured based on fair value and eliminates the exception for
exchanges of non-monetary, similar productive assets, and adds an exemption for
non-monetary exchanges that do not have commercial substance. SFAS 153 will be
effective for fiscal periods beginning after June 15, 2005. Management does not
believe that the adoption of this standard will have a material impact on the
Company's financial condition or results of operations.
ITEM 3. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.
Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have no identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.
14
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
The following exhibits are included with this registration statement filing.
Those marked with an asterisk and required to be filed hereunder, are
incorporated by reference and can be found in their entirety in our original
Form SB-2 Registration Statement, filed under SEC File Number 333-125956, at the
SEC website at www.sec.gov:
Exhibit No. Description
----------- -----------
3.1 Articles of Incorporation*
3.2 Bylaws*
31.1 Sec. 302 Certification of Principal Executive Officer
31.2 Sec. 302 Certification of Principal Financial Officer
32.1 Sec. 906 Certification of Principal Executive Officer
32.2 Sec. 906 Certification of Principal Financial Officer
There were no reports filed on Form 8-K during the quarter ended October 31,
2005.
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.
December 14, 2005 WestCoast Golf Experiences, Inc., Registrant
By: /s/ Roger Arnet
-------------------------------------
Roger Arnet, Chief Executive Officer
In accordance with the Exchange Act, this report has been signed below by the
following person on behalf of the registrant and in the capacities and on the
date indicated.
December 14, 2005 WestCoast Golf Experiences, Inc., Registrant
By: /s/ Roger Arnet
-------------------------------------
Roger Arnet, President, Secretary,
Treasurer, Chief Executive Officer,
Chief Financial Officer, and
Principal Accounting Officer
15