xfuel_10qa.htm

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 10-Q/A1

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2015

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

 

333-174304 

Commission File Number

 

 Xfuels, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

99-0363013

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

120 H Turnbull Crt.

Cambridge, ONT N1T 1H9, Canada

N/A

(Address of principal executive offices)

(Zip Code)

 

(519) 800-7556

(Registrant's telephone number, including area code)

__________________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

 

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 ¨ No x

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No x

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

¨

Accelerated filer

¨

Non-accelerated filer

¨

Smaller reporting company

x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY 

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes x No ¨

 

APPLICABLE ONLY TO CORPORATE ISSUERS

 

215,000,000 common shares outstanding as of July 31, 2015

(Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.)

 

 

 

Explanatory Note:

 

The purpose of the Amendment No. 1 on Form 10–Q/A to Xfuels, Inc. quarterly report of Form 10–Q for the quarter ended July 31, 2015, filed with the Securities and Exchange Commission on April 27, 2016 (the "Form 10–Q"), is s to furnish Exhibit 101 to the Form 10–Q in accordance with Rule 405 of Regulation S–T. In addition, the balance sheet, as previously filed did not list the total of fixed assets.

 

No other changes have been made to the Form 10–Q.  This Amendment No. 1 speaks as of the original filing date of the Form 10–Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the original Form 10–Q.

 

Pursuant to rule 406T of Regulation S–T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections.

 
 
2
 

 

Xfuels, Inc.

 

TABLE OF CONTENTS

 

Index

Page

PART I. FINANCIAL INFORMATION

Item 1.

Financial Statements

4

 

Balance Sheets as of July 31, 2015 and Restated April 30, 2015

4

 

Statements of Operations for the three months ended July 31, 2015 and 2014, and the period from June 2, 2010 (Inception) to July 31, 2015

5

 

Statements of Cash Flows for nine months ended July 31, 2015 and 2014, and the period from June 2, 2010 (Inception) to July 31, 2015

6

 

Notes to Financial Statements July 31, 2015.

7

 

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations.

9

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

11

 

Item 4.

Controls and Procedures.

11

 

PART II. OTHER INFORMATION

 

 

Item 1.

Legal Proceedings.

12

 

Item 1A.

Risk Factors

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

12

 

Item 3.

Defaults Upon Senior Securities.

12

 

Item 4.

Mining Safety Disclosures.

12

 

Item 5.

Other Information.

12

 

Item 6.

Exhibits.

13

 

Signatures

14

 

 
3
 

 

ITEM 1. FINANCIAL STATEMENTS

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the period ended July 31, 2015, are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2015. For further information refer to the financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2015 as filed with the Securities and Exchange Commission on November 5th 2015.

 

XFUELS, INC.

Balance Sheets

 

 

 

 

 

 

 

 

 

July 31,

 

 

April 30,

 

 

 

2015

 

 

2015

 

 

 

(Unaudited)

 

 

 

 

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash

 

$19,873

 

 

$27,883

 

Prepaid expenses

 

 

-

 

 

 

-

 

Total current assets

 

$19,873

 

 

$27,883

 

 

 

 

 

 

 

 

 

 

Fixed assets

 

 

 

 

 

 

 

 

Computer equipment, net

 

 

2,000

 

 

 

2,000

 

Total fixed assets

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

Total assets

 

$21,873

 

 

$29,883

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$17,193

 

 

$17,193

 

Accrued Interest payable

 

$150,280

 

 

$152,102

 

Convertible debentures net of discount

 

$508,144

 

 

$549,746

 

Total current liabilities

 

$675,617

 

 

$716,041

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

Common stock, $0.0001 par value, 1,500,000,000 authorized,

 

 

 

 

 

 

 

 

215,000,000 shares issued and outstanding

 

$156,163

 

 

 

63,253

 

Additional paid-in capital

 

$714,669

 

 

 

714,156

 

Deficit accumulated during development stage

 

 

(1,524,576)

 

 

(1,466,567)

Total stockholders' equity

 

 

(653,744)

 

 

(689,158)

Total liabilities and stockholders' equity

 

$21,873

 

 

$29,883

 

 

The accompanying notes are an integral part of these financial statements.

 

 
4
 

 

XFUELS, INC.

Statements of Operations

(Unaudited)

 

 

 

For the Three Months Ended

 

 

 

July 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

REVENUES

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

-

 

 

 

25,000

 

Professional fees

 

 

58,009

 

 

 

18,505

 

General and administrative

 

 

-

 

 

 

41,163

 

 

 

 

 

 

 

 

 

 

Total Operating Expenses

 

 

58,009

 

 

 

84,668

 

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

 

(58,009)

 

 

(84,668)

 

 

 

 

 

 

 

 

 

OTHER EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

(34,711)

 

 

 

 

 

 

 

 

 

Total Other Expenses

 

 

-

 

 

 

(34,711)

 

 

 

 

 

 

 

 

 

NET LOSS

 

$(58,009)

 

$(119,379)

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED LOSS PER COMMON SHARE

 

$(0.00)

 

$(0.00)

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

 

 

16,208,000

 

 

 

215,000,000

 

 

The accompanying notes are an integral part of these financial statements.

 

 
5
 

 

XFUELS, INC.

Statements of Cash Flows

(Unaudited)

 

 

 

For the Three Months Ended

 

 

 

July 31,

 

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$(58,009)

 

$(119,379)

Unamortized note discount

 

 

 

 

 

 

6,521

 

Adjustments to reconcile net loss to

 

 

 

 

 

 

 

 

net cash used in operating activities:

 

 

 

 

 

 

 

 

Common stock issued for services

 

 

-

 

 

 

-

 

Impairment of intangible assets

 

 

-

 

 

 

-

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

-

 

 

 

25,000

 

Refundable deposits

 

 

-

 

 

 

-

 

Accounts payable

 

 

-

 

 

 

-

 

Accounts payable and accrued interest

 

 

(1,822)

 

 

27,620

 

 

 

 

 

 

 

 

 

 

Net Cash Used in Operating Activities

 

 

(59,831)

 

 

(60,238)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from convertible notes

 

 

51,821

 

 

 

106,250

 

 

 

 

 

 

 

 

 

 

Net Cash Provided by Financing Activities

 

 

51,821

 

 

 

106,250

 

 

 

 

 

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

 

 

(8,010)

 

 

46,012

 

 

 

 

 

 

 

 

 

 

CASH AT BEGINNING OF PERIOD

 

 

27,883

 

 

 

13,454

 

 

 

 

 

 

 

 

 

 

CASH AT END OF PERIOD

 

$19,873

 

 

$59,466

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH PAID FOR:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$-

 

 

$-

 

Income Taxes

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

NON CASH FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock issued for subsidiary

 

$-

 

 

$-

 

Cancellation of common stock

 

$-

 

 

$-

 

 

The accompanying notes are an integral part of these financial statements.

 

 
6
 

 

Xfuels, Inc.  

Notes to Unaudited Condensed Financial Statements 

July 31, 2015 and April 30, 2015

 

NOTE 1 – CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at July 31, 2015, and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's April 30, 2015 audited consolidated financial statements. The results of operations for the periods ended July 31, 2015 and 2014 are not necessarily indicative of the operating results for the full years.

 

NOTE 2 – GOING CONCERN

 

The Company's consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES

 

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 could differ from those estimates.

 

Recent Accounting Pronouncements

 

The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company's financial position, or statements.

 

 
7
 

 

NOTE 4 – SUBSEQUENT EVENTS

 

In accordance with ASC 855-10 Company management reviewed all material events through the date of this report and determined that there are no material subsequent events to report.

 

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

 
8
 

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

General

 

We were incorporated in the State of Nevada on June 2, 2010. Until October 7, 2013 we were in the business of distributing of Brazilian hardwood flooring. On October 7, 2013, the Company reported the entry into certain agreements between our sole officer and director, Michael Soursos ("Soursos") and Gennadiy Petrovich Glazunov ("Glazunov"), the holder of certain know how and trade secrets as they relate to pure hydrogen production, whereby Soursos transferred a total of of 64,500,000 shares of our common stock from the 120,000,000 shares of common stock held by Soursos in his personal name to Glazunov and his assigns in exchange for the rights to the know how and trade secrets and the filing of a patent covering such technology in the USA. On October 28, 2013, Glazunov provided the documentation related to the patent and the patent has been filed by the Company's U.S. patent attorney, with the United States Patent and Trademark Office ("USPTO").

 

We have not generated any revenues and the only operations we have engaged in to prior to October 7, 2013 were developing of business plan and executing of an Exclusive Contract for Sale of Goods on April 15, 2011 with Equatorian S.A. Laminados Amazonia, where we engaged Equatorian S.A. Laminados Amazonia as our supplier of hardwood flooring. On October 16, 2013, the Company submitted to the State of Nevada documentation registering that the Company was now doing business as (d.b.a.) Euro-American Hydrogen Corp., and we have focused on continued development of pure hydrogen production.

 

Plan of Operation

 

With the change in management to Michael Soursos, the new management set about to identify new business opportunities that he believed would allow for the growth of the Company and determined that there was substantive opportunity to progress technologies related to the production of pure hydrogen. Shortly after changing our business focus to the development of hydrogen production related technologies, we identified an opportunity to acquire and file patent rights for hydrogen production technology related to the production of pure hydrogen utilizing a unique one-step process.

 

Results of Operations

 

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Three months ended July 31, 2015 compared to the three months ended July 31, 2014

 

Our net loss for the three month period ended July 31, 2015 was $(58,009) compared to a net loss of $(119,379) during the three month period ended July 31, 2014 due to an increase in research and development fees as well as professional fees.

 

The Company has not generated any revenue since inception.

 

During the three month period ended July 31, 2015, we incurred general and administrative expenses of $0 compared to $41,163 incurred during three month period ended July 31, 2014.

 

 
9
 

 

Liquidity and Capital Resources

 

As of July 31, 2015, we had $21,873 in total assets and our total liabilities were $675,617, comprised of $17,193 in accounts payable, $150,280 in accrued interest payable, $508,144 in convertible debentures net of discount, and total long term liabilities of $(653,744).

 

As of April 30, 2015, we had $29,883 in total assets and $719,041 in liabilities.

 

Cash Flows from Financing Activities

 

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the period from inception (June 2, 2010) to July 31, 2015 cash provided by financing activities was $(41,602) received from the issuance of convertible notes.

 

Current cash on hand is insufficient for all of the Company's commitments for the next 12 months. We anticipate that the additional funding that we require will be in the form of equity financing.

 

We estimate that within the next 12 months we will need approximately $2,000,000 for acquisition of inventory, marketing and developing a distribution chain.

 

We cannot be certain that the required additional financing will be available or available on terms favorable to us. We currently do not have any arrangements or commitments in place for any other financings. If additional funds are raised by the issuance of our equity securities, existing stockholders will experience dilution of their ownership interest. If adequate funds are not available or not available on acceptable terms, we may be unable to fund our operations.

 

We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with equity sales or loans. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

 

Going Concern

 

The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs to allow it to continue as a going concern. As of July 31, 2015, the Company had an accumulated deficit of $1,524,576. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

 
10
 

 

Off-Balance Sheet Arrangements

 

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

No report required.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2015. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

 

Changes in Internal Controls over Financial Reporting

 

During the quarter ended July 31, 2015, there were no changes in internal control over financial reporting that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

 

 
11
 

 

PART II. OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

No report required.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

No report required.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

No report required.

 

ITEM 5. OTHER INFORMATION

 

Changes in Control

 

No change in control has occurred since the last filing.

 

 
12
 

 

ITEM 6. EXHIBITS

 

Exhibits:

 

31.2

Certification of Principal Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002****

32.1

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley****

 

101.INS 

XBRL Instance Document*****

101.SCH 

XBRL Taxonomy Extension Schema Document*****

101.CAL 

XBRL Taxonomy Extension Calculation Linkbase Document*****

101.DEF 

XBRL Taxonomy Extension Definition Linkbase Document*****

101.LAB 

XBRL Taxonomy Extension Label Linkbase Document*****

101.PRE 

XBRL Taxonomy Extension Presentation Linkbase Document*****

_____________ 

*

filed as the corresponding exhibit to the Form S-1 (Registration No. 333-174304) effective as of August 15, 2011

**

filed as the corresponding exhibit to the Current Report on Form 8-K filed by the Company on July 25, 2013

 

***

filed as the corresponding exhibit to the Current Report on Form 8-K by the Company on September 3, 2013

 

****

filed previously

 

*****

XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 

 
13
 

 

SIGNATURES

 

Pursuant to the requirements 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.

 

XFUELS, INC.

Date: August 5, 2016

By:

/s/ Michael Mclaren

Name:

Michael Mclaren

Title:

Chief Executive Officer

 

14