Nevada
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87-0574491
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(State
or other jurisdiction of
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(I.R.S.
Employer
|
incorporation
or organization)
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Identification
No.)
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1981 E. Murray
Holladay Rd, Suite 100, Salt Lake City,
Utah
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84117
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(Address
of principal executive offices)
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(Zip
Code)
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Large
Accelerated Filer [ ]
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Accelerated
Filer [ ]
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Non-Accelerated
filer [ ]
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Smaller
Reporting Company [ x ]
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Class
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Outstanding as
of September 30, 2009
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Common Stock,
$0.001
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4,269,950
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Page
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|||
Number
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|||
PART
I.
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|||
ITEM
1.
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Financial
Statements (unaudited)
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3
|
|
Balance
Sheets
|
|
||
September
30, 2009 and December 31, 2008
|
4 | ||
Statements
of Operations
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|||
For
the three and nine months ended September 30, 2009 and 2008 and
the period June 16, 1977
to September 30, 2009
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5
|
||
|
|||
Statements
of Cash Flows
|
|||
For
the nine months ended September 30, 2009 and 2008
and the period June 16,
1977 to September 30, 2009
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6
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||
Notes
to Financial Statements
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7
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||
ITEM
2.
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Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
10 | |
ITEM
3.
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Quantitative
and Qualtitative Disclosures About Market Risk
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11
|
|
ITEM
4T.
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Controls
and Procedures
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11
|
|
PART
II.
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|||
ITEM
6.
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Exhibits
and Reports on 8K
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12
|
|
Signatures
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12
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Sept
30,
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Dec
31,
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|||||||
2009
|
2008
|
|||||||
ASSETS
|
||||||||
CURRENT
ASSETS
|
||||||||
Cash
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$ | 84,759 | $ | 89,537 | ||||
Note
receivable
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202,395 | 200,000 | ||||||
|
||||||||
Total
Current Assets
|
$ | 287,154 | $ | 289,537 | ||||
|
||||||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Accounts
payable
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$ | - | $ | 1,198 | ||||
|
||||||||
Total
Current Liabilities
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- | 1,198 | ||||||
|
||||||||
STOCKHOLDERS'
EQUITY
|
||||||||
Common
stock
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||||||||
100,000,000
shares authorized, at $0.001 par value; 4,269,950 shares issued and
outstanding
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4,270 | 4,270 | ||||||
Capital
in excess of par value
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349,898 | 349,898 | ||||||
Deficit
accumulated during the development stage
|
(67,014 | ) | (65,829 | ) | ||||
|
||||||||
Total
Stockholders' Equity
|
287,154 | 288,339 | ||||||
$ | 287,154 | $ | 289,537 |
Three
Months
|
Nine
Months
|
|||||||||||||||||||
Sept
30
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Sept
30,
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Sept
30,
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Sept
30,
|
Jun
16, 1977 to
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||||||||||||||||
2009
|
2008
|
2009
|
2008
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Sept 30, 2009
|
||||||||||||||||
REVENUES
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$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
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||||||||||||||||||||
EXPENSES
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||||||||||||||||||||
|
||||||||||||||||||||
Administrative
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3,669
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5,941 | 8,765 | 22,612 | 224,310 | |||||||||||||||
Valuation
adjustment - available-for-securities
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- | - | - | 30,401 | ||||||||||||||||
3,669 | 5,941 | 8,765 | 22,612 | 254,711 | ||||||||||||||||
NET
LOSS FROM OPERATIONS
|
(3.669 | ) | (5,941 | ) | (8,765 | ) | (22,612 | ) | (254,711 | ) | ||||||||||
Interest
and contract income
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2,544 | 2,461 | 7,580 | 6,206 | 187,697 | |||||||||||||||
NET
PROFIT (LOSS)
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$ | (1,125 | ) | $ | (3,480 | ) | $ | (1,185 | ) | $ | (16,406 | ) | $ | (67,014 | ) | |||||
|
||||||||||||||||||||
NET
LOSS PER COMMON SHARE
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||||||||||||||||||||
Basic and diluted
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$ | - | $ | - | $ | - | $ | - | ||||||||||||
|
||||||||||||||||||||
AVERAGE OUTSTANDING
SHARES - stated in
1,000's
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||||||||||||||||||||
Basic
|
4,270 | 4,270 | 4,270 | 4,270 |
Jun
16, 1977
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||||||||||||
Sept
30,
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Sept
30,
|
to
Sept 30,
|
||||||||||
2009
|
2008
|
2009
|
||||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES
|
||||||||||||
Net
profit (loss)
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$ | (1,185 | ) | $ | (16,406 | ) | $ | (67,014 | ) | |||
Adjustments
to reconcile net loss to net cash provided by operating
activities
|
||||||||||||
Changes
in interest receivable
|
(2,395 | ) | (1,666 | ) | (2, 395 | ) | ||||||
Changes
in accounts payable
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(1,198 | ) | 1,345 | - | ||||||||
Net
Change in Cash from Operations
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(4,778 | ) | (16,727 | ) | (69,409 | ) | ||||||
CASH
FLOWS FROM INVESTING ACTIVITIES
|
||||||||||||
Changes
note receivable
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- | (200,000 | ) | (200,000 | ) | |||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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||||||||||||
|
||||||||||||
Proceeds
from issuance of common stock
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- | - | 354,168 | |||||||||
Net
Change in Cash
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(4,778 | ) | (216,727 | ) | 84,759 | |||||||
Cash
at Beginning of Period
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89,537 | 307,425 | - | |||||||||
Cash
at End of Period
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$ | 84,759 | $ | 90,698 | $ | 84,759 |
Exhibit
31.1
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Rule
13a-14(a)/15d-14(a) Certification.
|
Exhibit
32.1
|
Certification
by the Chief Executive Officer/Acting Chief Financial Officer Relating to
a Periodic Report Containing Financial
Statements.*
|
ORANCO,
Inc.
|
|
[Registrant]
|
|
S/ Claudio
Gianascio
|
|
President
& Treasurer
|
|
October
30, 2009
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