[X]
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ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the fiscal year ended October 31,
2008
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[ ]
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT
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For
the transition period from _________ to ________
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Commission
file number: 333-148922
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Jumpkicks,
Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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26-0690857
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification No.)
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632 Marsh Creek Court,
Henderson, NV
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89002
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number: 888-283-1426
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Securities
registered under Section 12(b) of the Exchange
Act:
|
Title
of each class
|
Name
of each exchange on which registered
|
none
|
not
applicable
|
Securities
registered under Section 12(g) of the Exchange Act:
|
|
Title
of each class
|
Name
of each exchange on which registered
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Common Stock, par
value $0.001
|
not
applicable
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Page
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PART
I
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PART
II
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PART
III
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||
PART
IV
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||
Fiscal
Year Ending October 31, 2008
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||||
Quarter
Ended
|
High
$
|
Low
$
|
||
October
31, 2008
|
N/A
|
N/A
|
||
July
31, 2008
|
N/A
|
N/A
|
||
April
30, 2008
|
N/A
|
N/A
|
||
January
31, 2007
|
N/A
|
N/A
|
Fiscal
Year Ending October 31, 2007
|
||||
Quarter
Ended
|
High
$
|
Low
$
|
||
October
31, 2007
|
N/A
|
N/A
|
||
July
31, 2007
|
N/A
|
N/A
|
||
April
30, 2007
|
N/A
|
N/A
|
||
January
31, 2006
|
N/A
|
N/A
|
·
|
Our
President plans to update the most popular section of the Web Site
regularly. A new Move of the Week will bring back repeat users each week
to learn a new technique for themselves or their
students;
|
·
|
Working
with tournament promoters to cross promote our Web Site, providing
t-shirts and other door prizes with our logo and Site URL on them, as well
as promoting their tournaments on our
Site;
|
·
|
Posting
photos of tournaments on our Web Site, drawing competitors, fans, and
promoters to our Site to view, save, and print the
photos;
|
·
|
Working
with our Site developer to include meta tags and other design elements in
a fashion that will result in our Web Site being listed at or near the top
of search engine listings for phrases such as martial arts, karate,
self-defense techniques, martial arts supplies, rape prevention, karate
tournaments, etc.
|
(Loss)
(Numerator)
|
Shares
(Denominator)
|
Basic
(Loss) Per Share Amount
|
|||
For
the year ended October 31, 2008
|
$ (19,330)
|
10,860,000
|
$ (0.00)
|
||
For
the period ended October 31, 2007
|
$ (3,767)
|
10,430,000
|
$ (0.00)
|
October
31, 2008
|
October
31, 2007
|
||||
Income
tax expense at statutory rate
|
$ | (7,539) | $ | (1,469) | |
Common
stock issued for services
|
-0- | -0- | |||
Valuation
allowance
|
7,539 | 1,469 | |||
Income
tax expense per books
|
$ | -0- | $ | -0- |
October
31, 2008
|
October
31, 2007
|
||||
NOL
Carryover
|
$ | 9,008 | $ | 1,469 | |
Valuation
allowance
|
(9,008) | (1,469) | |||
Net
deferred tax asset
|
$ | -0- | $ | -0- |
•
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Pertain
to the maintenance of records that, in reasonable detail, accurately and
fairly reflect our transactions and
dispositions;
|
•
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Provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with U.S. GAAP, and that
our receipts and expenditures are being made only in accordance with
authorizations of management and directors of the
Company; and
|
•
|
Provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of our assets that could
have a material effect on the financial
statements.
|
·
|
We
have only one employee to oversee bank reconciliations, posting payables,
and so forth, so there are no checks and balances on internal
controls.
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Name
|
Age
|
Position
Held with the Company
|
Richard
Douglas
632
Marsh Creek Court
Henderson,
NV 89002
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42
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President,
Secretary, CEO,
CFO,
Director
|
Name
and principal position
|
Number
of
late
reports
|
Transactions
not
timely
reported
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Known
failures to
file
a required form
|
Richard
Douglas
|
0
|
0
|
0
|
SUMMARY
COMPENSATION TABLE
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|||||||||
Name
and
principal
position
|
Year
|
Salary ($)
|
Bonus
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Nonqualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Richard Douglas,President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
2008
2007
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
|
0
0
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OUTSTANDING
EQUITY AWARDS AT FISCAL YEAR-END
|
|||||||||
OPTION
AWARDS
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STOCK
AWARDS
|
||||||||
Name
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number
of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
(#)
|
Market
Value
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
($)
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Vested
(#)
|
Equity
Incentive
Plan
Awards:
Market
or
Payout
Value
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Vested
(#)
|
Richard
Douglas
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
DIRECTOR
COMPENSATION
|
|||||||
Name
|
Fees
Earned or
Paid
in
Cash
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Non-Qualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Richard
Douglas
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Name
and Address of Beneficial Owners of Common Stock1
|
Title
of Class
|
Amount
and Nature of Beneficial Ownership
|
%
of Common Stock2
|
Richard
Douglas
632
Marsh Creek Court
Henderson,
NV 89002
|
Common
Stock
|
10,000,000
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92.08%
|
DIRECTORS
AND OFFICERS – TOTAL
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10,000,000
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92.08%
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|
5%
SHAREHOLDERS
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|||
None
|
Common
Stock
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NONE
|
NONE
|
Financial
Statements for the Year Ended October 31
|
Audit
Services
|
Audit
Related Fees
|
Tax
Fees
|
Other
Fees
|
2008
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$4,750
|
$0
|
$0
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$0
|
2007
|
$5,000
|
$0
|
$0
|
$0
|
Audited
Financial Statements:
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|
Exhibit
Number
|
Description
|
3.1
|
Articles
of Incorporation, as amended (1)
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3.2
|
Bylaws,
as amended (1)
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1
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Incorporated
by reference to the Registration Statement on Form SB-2 filed on January
29, 2008.
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By:
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/s/Richard
Douglas
|
Richard
Douglas
President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
|
February
12, 2009
|
By:
|
/s/Richard
Douglas
|
Richard
Douglas
President,
Chief Executive Officer, Principal Executive Officer,
Chief
Financial Officer, Principal Financial Officer, Principal Accounting
Officer and Director
|
|
February
12, 2009
|
ASSETS
|
|||||
October
31, 2008 |
October
31, 2007 |
||||
CURRENT
ASSETS
|
|||||
Cash
|
$ | 3,370 | $ | 17,732 | |
Inventory
|
- | - | |||
Total
Current Assets
|
3,370 | 17,732 | |||
PROPERTY
AND EQUIPMENT, net
|
4,733 | 5,945 | |||
TOTAL
ASSETS
|
$ | 8,103 | $ | 23,677 | |
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|||||
CURRENT
LIABILITIES
|
|||||
Accounts
payable
|
$ | 4,000 | $ | 244 | |
Bank
overdraft
|
- | - | |||
Total
Current Liabilities
|
4,000 | 244 | |||
STOCKHOLDERS'
EQUITY
|
|||||
|
|||||
Preferred
stock - $0.001 par value, 10,000,000 shares authorized; no
shares issued and outstanding
|
- | - | |||
Common
stock - $0.001 par value; 90,000,000 shares authorized;
10,860,000 shares issued and outstanding
|
10,860 | 10,860 | |||
Additional
paid in capital
|
16,340 | 16,340 | |||
Deficit
accumulated during the development stage
|
(23,097) | (3,767) | |||
Total
Stockholders' Equity
|
4,103 | 23,433 | |||
TOTAL
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
$ | 8,103 | $ | 23,677 |
For
the Year Ended |
From
Inception on August
3, |
From
Inception on August
3, |
||||||
REVENUES
|
$ | 140 | $ | 71 | $ | 211 | ||
COST
OF GOODS SOLD
|
404 | 45 | 449 | |||||
GROSS
MARGIN
|
(264) | 26 | (238) | |||||
OPERATING
EXPENSES
|
||||||||
Depreciation
expense
|
1,212 | 101 | 1,313 | |||||
Professional
fees
|
13,100 | 809 | 13,909 | |||||
General
and administrative
|
4,872 | 2,883 | 7,755 | |||||
Total
Operating Expenses
|
19,184 | 3,793 | 22,977 | |||||
LOSS
FROM OPERATIONS
|
(19,448) | (3,767) | (23,215) | |||||
OTHER
INCOME
|
||||||||
Interest
income
|
118 | - | 118 | |||||
Total
Other Income
|
118 | - | 118 | |||||
LOSS
BEFORE INCOME TAXES
|
(19,330) | (3,767) | (23,097) | |||||
INCOME
TAX EXPENSE
|
- | - | - | |||||
NET
LOSS
|
$ | (19,330) | $ | (3,767) | $ | (23,097) | ||
BASIC
LOSS PER SHARE
|
(0.00) | (0.00) | ||||||
|
||||||||
WEIGHTED
AVERAGE NUMBER OF SHARES
OUTSTANDING
|
10,860,000 | 10,430,000 |
Common
Stock
|
Additional Paid-in |
Deficit Accumulated |
Total Stockholders' |
||||||||||
Shares
|
Amount
|
Capital
|
Stage
|
Equity
|
|||||||||
Balance
August 3, 2007
|
- | $ | - | $ | - | $ | - | $ | - | ||||
Common
stock issued for cash at $0.001 per
share
|
10,000,000 | 10,000 | - | - | 10,000 | ||||||||
Common
stock issued for cash at $0.02 per
share
|
860,000 | 860 | 16,340 | - | 17,200 | ||||||||
Net
loss from inception through October 31,
2007
|
- | - | - | (3,767) | (3,767) | ||||||||
Balance,
October 31, 2007
|
10,860,000 | 10,860 | 16,340 | (3,767) | 23,433 | ||||||||
Net
loss for the year ended October 31,
2008
|
- | - | - | (19,330) | (19,330) | ||||||||
Balance,
October 31, 2008
|
10,860,000 | $ | 10,860 | $ | 16,340 | $ | (23,097) | $ | 4,103 |
For
the Year Ended |
From
Inception on August
3, |
From
Inception on August
3,October
31, 2008 |
||||||
OPERATING
ACTIVITIES
|
||||||||
Net
loss
|
$ | (19,330) | $ | (3,767) | $ | (23,097) | ||
Adjustments
to reconcile net loss to net cash used by operating
activities:
|
||||||||
Depreciation
expense
|
1,212 | 101 | 1,313 | |||||
Changes
in operating assets and liabilities:
|
||||||||
Changes
in inventory
|
- | - | - | |||||
Changes
in accounts payable
|
3,756 | 244 | 4,000 | |||||
Net
Cash Used in Operating Activities
|
(14,362) | (3,422) | (17,784) | |||||
INVESTING
ACTIVITIES
|
||||||||
Purchase
of property and equipment
|
- | (6,046) | (6,046) | |||||
Net
Cash Used in Investing
Activities
|
- | (6,046) | (6,046) | |||||
FINANCING
ACTIVITIES
|
||||||||
Proceeds
from common stock issued
|
- | 27,200 | 27,200 | |||||
Net
Cash Provided by Financing
Activities
|
- | 27,200 | 27,200 | |||||
NET
DECREASE IN CASH
|
(14,362) | 17,732 | 3,370 | |||||
CASH
AT BEGINNING OF PERIOD
|
17,732 | - | - | |||||
CASH
AT END OF PERIOD
|
$ | 3,370 | $ | 17,732 | $ | 3,370 | ||
SUPPLEMENTAL
DISCLOSURES OF
CASH FLOW
INFORMATION
|
||||||||
CASH
PAID FOR:
|
||||||||
Interest
|
$ | - | $ | - | $ | - | ||
Income
Taxes
|
$ | - | $ | - | $ | - |
(Loss)
(Numerator)
|
Shares
(Denominator)
|
Basic
(Loss) Per Share Amount
|
||||||
For
the year ended October 31, 2008
|
$ | (19,330) | 10,860,000 | $ | (0.00) | |||
For
the period ended October 31, 2007
|
$ | (3,767) | 10,430,000 | $ | (0.00) |
October
31, 2008
|
October
31, 2007
|
||||
Income
tax expense at statutory rate
|
$ | (7,539) | $ | (1,469) | |
Common
stock issued for services
|
-0- | -0- | |||
Valuation
allowance
|
7,539 | 1,469 | |||
Income
tax expense per books
|
$ | -0- | $ | -0- |
October
31, 2008
|
October
31, 2007
|
||||
NOL
Carryover
|
$ | 9,008 | $ | 1,469 | |
Valuation
allowance
|
(9,008) | (1,469) | |||
Net
deferred tax asset
|
$ | -0- | $ | -0- |
Office
Equipment
|
$ | 431 |
Computer
Equipment
|
5,615 | |
Accumulated
Depreciation
|
(1,313) | |
Total
|
$ | 4,733 |