UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
[X] |
Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
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For the quarterly period ended May 31, 2015 |
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[ ] |
Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934 |
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For the transition period
from __________ to __________ |
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Commission File Number: 333-178464 |
Skookum Safety Solutions Corp.
(Exact name of registrant as specified in its
charter)
Nevada |
05-0554762 |
(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
E09 Calle Jacarandas, Urbanizacion Los Laureles,
Escazu San Jose, Costa Rica |
(Address of principal executive offices) |
(866) 279-7880 |
(Registrant’s telephone number) |
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_______________________________________________________________ |
(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 [X] No
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 [X] No
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
[ ] Large accelerated filer |
[ ] Accelerated filer |
[ ] Non-accelerated filer |
[X] Smaller reporting company |
Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
[X] Yes [ ] No
State the number of shares outstanding of each
of the issuer’s classes of common stock, as of the latest practicable date: 2,300,000 common shares as of July 6, 2015.
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Our financial statements included in this Form
10-Q are as follows:
These financial statements have been prepared
in accordance with accounting principles generally accepted in the United States of America for interim financial information
and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation
have been included. Operating results for the interim period ended May 31, 2015 are not necessarily indicative of the results
that can be expected for the full year.
SKOOKUM SAFETY SOLUTIONS CORP.
BALANCE SHEETS (unaudited)
|
May 31, 2015 | |
August 31, 2014 |
ASSETS |
| |
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Current Assets |
| |
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Cash and equivalents |
$ | 110 | | |
$ | 466 | |
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| | | |
| | |
TOTAL ASSETS |
$ | 110 | | |
$ | 466 | |
LIABILITIES AND STOCKHOLDERS’ EQUITY |
| | | |
| | |
Liabilities |
| | | |
| | |
Current Liabilities |
| | | |
| | |
Accrued expenses |
$ | 23,637 | | |
$ | 14,989 | |
Due to officer |
| 2,500 | | |
| 0 | |
Total Liabilities |
$ | 26,137 | | |
$ | 14,989 | |
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| | | |
| | |
Stockholders’ Equity |
| | | |
| | |
Common Stock, $.001 par value, 30,000,000 shares authorized, 2,300,000 shares issued and outstanding (2,300,000 – August 31, 2013) |
| 2,300 | | |
| 2,300 | |
Additional paid-in capital |
| 100,825 | | |
| 100,825 | |
Deficit accumulated |
| (129,152 | ) | |
| (117,648 | ) |
Total Stockholders’ Equity |
| (26,027 | ) | |
| (14,523 | ) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ | 110 | | |
$ | 466 | |
See accompanying notes to financial statements.
SKOOKUM SAFETY SOLUTIONS CORP.
STATEMENTS OF OPERATIONS
(unaudited)
|
Three months ended
May 31, 2015 | |
Three months ended
May 31, 2014 | |
Nine months ended
May 31, 2015 | |
Nine months ended
May 31, 2014 |
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| |
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| |
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REVENUES |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
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| | | |
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EXPENSES |
| | | |
| | | |
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Professional fees |
| 3,115 | | |
| 4,235 | | |
| 10,443 | | |
| 8,609 | |
General and administrative |
| 93 | | |
| 126 | | |
| 1,061 | | |
| 994 | |
TOTAL EXPENSES |
| 3,208 | | |
| 4,361 | | |
| 11,504 | | |
| 9,603 | |
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| | | |
| | | |
| | | |
| | |
LOSS FROM OPERATIONS |
| (3,208 | ) | |
| (4,361 | ) | |
| (11,504 | ) | |
| (9,603 | ) |
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| | | |
| | | |
| | | |
| | |
PROVISION FOR INCOME TAXES |
| - | | |
| - | | |
| - | | |
| - | |
|
| | | |
| | | |
| | | |
| | |
NET LOSS |
$ | (3,208 | ) | |
$ | (4,361 | ) | |
$ | (11,504 | ) | |
$ | (9,603 | ) |
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| | | |
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NET LOSS PER SHARE: BASIC AND DILUTED |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
$ | (0.01 | ) | |
$ | (0.00 | ) |
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WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED |
| 2,300,000 | | |
| 2,300,000 | | |
| 2,300,000 | | |
| 2,300,000 | |
See accompanying notes to financial statements.
SKOOKUM SAFETY SOLUTIONS CORP.
STATEMENTS OF CASH FLOWS (unaudited)
|
Nine months ended
May 31, 2015 | |
Nine months ended
May 31, 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES |
| | | |
| | |
Net loss for the period |
$ | (11,504 | ) | |
$ | (9,603 | ) |
Adjustments to reconciled net loss to net cash used in operating activities: |
| | | |
| | |
Changes in assets and liabilities: |
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(Increase) decrease in prepaid expenses |
| - | | |
| - | |
Increase (decrease) in accrued expenses |
| 8,648 | | |
| 2,159 | |
Increase (decrease) in due to officer |
| 2,500 | | |
| 0 | |
Net Cash Used in Operating Activities |
| (356 | ) | |
| (7,444 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES |
| | | |
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Proceeds from issuance of common stock |
| - | | |
| - | |
Capital contribution |
| - | | |
| - | |
Net Cash Provided by Financing Activities |
| - | | |
| - | |
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NET INCREASE (DECREASE) IN CASH |
| (356 | ) | |
| (7,444 | ) |
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Cash, beginning of period |
| 466 | | |
| 17,505 | |
Cash, end of period |
$ | 110 | | |
$ | 10,061 | |
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SUPPLEMENTAL CASH FLOW INFORMATION: |
| | | |
| | |
Cash paid for interest |
$ | - | | |
$ | - | |
Cash paid for income taxes |
$ | - | | |
$ | - | |
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SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION: |
| | | |
| | |
Forgiveness of accrued officer compensation |
$ | - | | |
$ | - | |
See accompanying notes to financial statements.
SKOOKUM SAFETY SOLUTIONS CORP.
NOTES TO THE UNAUDITED FINANCIAL
STATEMENTS
MAY 31, 2015
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Business
Skookum Safety Solutions Corp. (‘Skookum”
or “the Company”) was incorporated under the laws of the State of Nevada, U.S. on October 19, 2010. Skookum is developing
a line of baby products. Skookum has not yet realized any revenues from its planned operations.
Basis
of Presentation
The accompanying unaudited interim financial
statements of Skookum Safety Solutions Corp. have been prepared in accordance with accounting principles generally accepted in
the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in
conjunction with the audited financial statements and notes thereto contained in the Company’s annual report filed with the
SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair
presentation of financial position and the results of operations for the interim periods presented have been reflected herein.
The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes
to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for
the most recent fiscal year 2014 have been omitted.
Accounting Basis
The Company uses the accrual basis of accounting
and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company
has adopted an August 31 fiscal year end.
Cash and Cash Equivalents
Skookum considers all highly liquid investments
with maturities of three months or less to be cash equivalents. At May 31, 2015 and August 31, 2014, respectively, the Company
had $110 and $466 of cash.
Fair Value of Financial Instruments
The Company’s financial instruments consist
of cash and cash equivalents, prepaid expenses, accrued expenses and an amount due to an officer. The carrying amount of these
financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market
rates unless otherwise disclosed in these financial statements.
Income Taxes
Income taxes are computed using the asset and
liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the
differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted
tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence,
are not expected to be realized.
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 the financial statements
and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
SKOOKUM SAFETY SOLUTIONS CORP.
NOTES TO THE UNAUDITED FINANCIAL
STATEMENTS
MAY 31, 2015
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Revenue Recognition
The Company recognizes revenue when products
are fully delivered or services have been provided and collection is reasonably assured.
Foreign Currency
Skookum maintains both U.S. Dollar and Canadian
Dollar bank accounts. The functional currency is the U.S. Dollar. Transactions in foreign currencies other than the functional
currency, if any, are re-measured into the functional currency at the rate in effect at the time of the transaction. Re-measurement
gains and losses that arise from exchange rate fluctuations are included in income or loss from operations due to materiality.
Monetary assets and liabilities denominated in Canadian Dollars are translated into U.S. Dollars at the rate in effect at the balance
sheet date. Revenue and expenses denominated in Canadian Dollars are translated at the average exchange rate.
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated
by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during
the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders
by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding
is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents
outstanding as of May 31, 2015.
Stock-Based Compensation
Stock-based compensation is accounted for at
fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock
options.
Recent Accounting Pronouncements
Development Stage Entities (Topic 915): Elimination
of Certain Financial Reporting Requirements” (“ASU 2014-10”) issued in June 2014, ASU 2014-10 eliminates the
distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date
information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective
prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods,
however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for all the periods presented.
NOTE 2 – ACCRUED EXPENSES
Accrued expenses at May 31, 2015 and August
31, 2014 consisted of amounts due to the Company’s legal counsel, accountant and outside independent auditors.
SKOOKUM SAFETY SOLUTIONS CORP.
NOTES TO THE UNAUDITED FINANCIAL
STATEMENTS
MAY 31, 2015
NOTE 3 – COMMON STOCK
The Company has 30,000,000 shares of $0.001
par value common stock authorized.
During the period ended August 31, 2011, the
Company issued 1,500,000 shares of common stock at $0.02 per share to its founder for total cash proceeds of $30,000. Additionally,
the Company issued 500,000 shares of common stock at $0.08 per share for total cash proceeds of $40,000.
During the year ended August 31, 2012, the
Company issued 300,000 shares of common stock at $0.10 per share for total cash proceeds of $30,000. On July 19, 2012, a shareholder
forgave a balance due of $3,125. The amount was recorded as contributed capital.
As of May 31, 2015 there were 2,300,000 shares
of common stock issued and outstanding.
NOTE 4 – COMMITMENTS AND CONTINGENCIES
The Company neither owns nor leases any real
or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue
this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers
and directors are involved in other business activities and most likely will become involved in other business activities in the
future.
SKOOKUM SAFETY SOLUTIONS CORP.
NOTES TO THE UNAUDITED FINANCIAL
STATEMENTS
MAY 31, 2015
NOTE 5 – RELATED PARTY TRANSACTIONS
During the year ended August 31, 2012, the
Company entered into an agreement with an officer and shareholder for compensation in the amount of $10,000. The agreement was
for the period from January 1, 2012 through August 31, 2012. The officer and shareholder was paid $5,000 on this agreement as of
August 31, 2012. On July 19, 2012, the officer resigned and forgave the prorated balance due on the agreement of $3,125. The amount
was recorded as contributed capital.
NOTE 6 – GOING CONCERN
Skookum
has an accumulated deficit of $129,152 as of May 31, 2015. Skookum's financial statements are prepared
using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets
and liquidation of liabilities in the normal course of business. However, Skookum has no current source of revenue and a limited
amount of working capital. Without realization of additional capital, it would be unlikely for Skookum to continue as a going concern.
Skookum's management plans on raising cash from public or private debt or equity financing, on an as needed basis and in the longer
term, and, ultimately, upon achieving profitable operations through the development of business activities.
NOTE 7 – SUBSEQUENT EVENTS
In accordance with ASC Topic 855-10, the Company
has analyzed its operations subsequent to May 31, 2015 to the date these financial statements
were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.
Item 2. Management’s
Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
Certain statements, other than purely historical
information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results,
and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,”
“may,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement
for purposes of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions
that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements.
Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could
have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to:
changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally
accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including
additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.
Company Overview
We are engaged in the business of developing,
manufacturing, and selling blocks designed to elevate the head of a bed or crib specifically for the treatment of symptoms associated
with certain medical disorders in children and adults. These products will be marketed to the doctors who treat these disorders,
as well as the patients (and the parents of minor patients) who are afflicted by them. We are currently in the process of developing
our product design, seeking manufacturers, and planning marketing strategies. We have had discussions with product designers, manufacturers,
and marketing consultants regarding these activities, but we have not, however, entered into any oral or written agreement concerning
the designing, manufacturing, or marketing of our products as of the date of this quarterly report. When we are able to raise sufficient
capital and we are satisfied that our products will compete effectively in the Home Healthcare Industry, we will begin the manufacture
and distribution of the products online initially, and eventually through conventional retailers.
Natalie M. Rydstrom is our president and sole
director. Our offices are located at E09 Calle Jacarandas, Urbanizacion Los Laureles, Escazu San Jose, Costa Rica.
Results of operations for the three and
nine months ended May 31, 2015 and 2014
We have not earned any revenues since our inception
on November 19, 2010. We do not anticipate earning revenues until such time that we have fully developed and are able to market
our products.
We incurred operating
expenses in the amount of $3,208 for the three months ended May 31, 2015, as compared with $4,361 for the three months ended May
31, 2014. Our operating expenses for the three months ended May 31, 2015 consisted mainly
of professional fees of $3,115, and general and administrative of $93. Our operating expenses for the three months ended May 31,
2014 consisted mainly of professional fees of $4,235, and general and administrative of $126.
We incurred operating
expenses in the amount of $11,504 for the nine months ended May 31, 2015, as compared with $9,603 for the nine months ended May
31, 2014. Our operating expenses for the nine months ended May 31, 2015 consisted mainly of
professional fees of $10,443, and general and administrative of $1,061. Our operating expenses for the nine months ended May 31,
2014 consisted mainly of professional fees of $8,609, and general and administrative of $994.
We anticipate our operating expenses will increase
as we continue to expand our operations. The increase will be attributable to administrative and operating costs associated with
implementing our business plan and our continued reporting obligations with the Securities and Exchange Commission.
We incurred a net loss in the amount of $3,208
for the three months ended May 31, 2015, as compared with $4,361 for the three months ended May 31, 2014. We incurred a net loss
in the amount of $11,504 for the nine months ended May 31, 2015, as compared with $9,603 for the nine months ended May 31, 2014.
Our losses for each period are attributable to operating expenses together with a lack of any revenues.
Liquidity and Capital Resources
As of May 31, 2015, we had $110 in current
assets. Our total current liabilities as of May 31, 2015 were $26,137. As a result, we had a working capital deficit of $26,027
as of May 31, 2015.
Operating activities used $356 in cash for
three months ended May 31, 2015. Our net loss of $11,504 for this period was the main component of our negative operating cash
flow, offset by an increase in accrued expenses of $8,648 and an increase of $2,500 due to our officer and director for expenses
paid on our behalf for the quarter.
The success of our business plan beyond the
next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing
arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not
have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can
be no assurance that such additional financing will be available to us on acceptable terms, or at all.
Off Balance Sheet Arrangements
As of May 31, 2015, there were no off balance
sheet arrangements.
Going Concern
We have a deficit accumulated during the development
stage of $129,152 as of May 31, 2015. Our financial statements are prepared using the generally accepted accounting principles
applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course
of business. However, we have no current source of revenue. Without realization of additional capital, it would be unlikely for
us to continue as a going concern. Our management plans on raising cash from public or private debt or equity financing, on an
as needed basis and in the longer term, and, ultimately, upon achieving profitable operations through the development of business
activities.
Item 3. Quantitative and Qualitative Disclosures
About Market Risk
A smaller reporting company is not required
to provide the information required by this Item.
Item 4. Controls and Procedures
Disclosure Controls and Procedures
We carried out an evaluation of the effectiveness
of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
as of May 31, 2015. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer
and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded
that, as of May 31, 2015, our disclosure controls and procedures were not effective due to the presence of material weaknesses
in internal control over financial reporting.
A material weakness is a deficiency, or a combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has
identified the following material weaknesses which have caused management to conclude that, as of May 31, 2015, our disclosure
controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient
written policies and procedures for accounting and financial reporting with respect to the requirements and application of both
US GAAP and SEC guidelines.
Remediation Plan to Address the Material
Weaknesses in Internal Control over Financial Reporting
Our company plans to take steps to enhance
and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on
Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to
implement the following changes during our fiscal year ending August 31, 2015: (i) appoint additional qualified personnel to address
inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for
accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing
to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may
be adversely affected in a material manner.
We are unable to remedy our controls related
to the inadequate segregation of duties and ineffective risk management until we receive financing to hire additional employees.
Changes in Internal Control over Financial
Reporting
There were no changes in our internal control
over financial reporting during the three months ended May 31, 2015 that have materially affected, or are reasonable likely to
materially affect, our internal control over financial reporting.
PART II – OTHER INFORMATION
Item 1. Legal Proceedings
We are not a party to any pending legal proceeding.
We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more
of our voting securities are adverse to us or have a material interest adverse to us.
Item 1A: Risk Factors
A smaller reporting company is not required
to provide the information required by this Item.
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
None
Item 3. Defaults upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not applicable.
Item 5. Other Information
None
Item 6. Exhibits
**Provided herewith
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.
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Skookum Safety Solutions Corp. |
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Date: |
July 13, 2015 |
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By: |
/s/ Natalie M. Rydstrom
Natalie M. Rydstrom |
Title: |
Chief Executive Officer and Director |
CERTIFICATIONS
I, Natalie M. Rydstrom, certify that;
1. |
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I have reviewed this quarterly report on Form 10-Q for the quarter ended May 31, 2015 of Skookum Safety Solutions Corp (the “registrant”); |
2. |
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Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. |
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Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. |
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The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. |
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Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. |
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Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. |
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Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. |
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Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. |
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The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
a. |
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All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
b. |
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Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: July 13, 2015
/s/ Natalie M. Rydstrom
By: Natalie M. Rydstrom
Title: Chief Executive Officer
CERTIFICATIONS
I, Natalie M. Rydstrom, certify that;
1. |
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I have reviewed this quarterly report on Form 10-Q for the quarter ended May 31, 2015 of Skookum Safety Solutions Corp (the “registrant”); |
2. |
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Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. |
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Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. |
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. |
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. |
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. |
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. |
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. |
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
a. |
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
b. |
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: July 13, 2015
/s/ Natalie M. Rydstrom
By: Natalie M. Rydstrom
Title: Chief Financial Officer
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
AND
CHIEF FINANCIAL OFFICER
PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF
2002
In connection with the quarterly Report of
Skookum Safety Solutions Corp (the “Company”) on Form 10-Q for the quarter ended May 31, 2015 filed with the Securities
and Exchange Commission (the “Report”), I, Natalie M. Rydstrom, Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
| 1. | The Report fully complies with the requirements of Section 13(a)
of the Securities Exchange Act of 1934; and |
| 2. | The information contained in the Report fairly presents, in all material
respects, the consolidated financial condition of the Company as of the dates presented and the consolidated result of operations
of the Company for the periods presented. |
By: |
/s/ Natalie M. Rydstrom |
Name: |
Natalie M. Rydstrom |
Title: |
Principal Executive Officer, Principal Financial Officer and Director |
Date: |
July 13, 2015 |
This certification has been furnished solely pursuant to Section
906 of the Sarbanes-Oxley Act of 2002.
Skookum Safety Solutions (CE) (USOTC:SKSK)
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Skookum Safety Solutions (CE) (USOTC:SKSK)
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