10-Q/A 1 qtrfeb2007.htm AMENDED REPORT

                                    UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                  FORM 10-QSB/A

                                (Amendment No. 1)


[ X ] Quarterly Report pursuant to Section 13 or 15(d) of the Securities

      Exchange Act of 1934


      For the period ended February 28, 2007


[    ]Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act

      of 1934


      For the transition period           to


            Commission File Number   333-139773


                                   K-9 Concepts, Inc.

                  ___________________________________________________

                 Exact name of Small Business Issuer as specified in its

            

 charter)


             Nevada                                        Pending

_____________________________                   _____________________________

(State or other jurisdiction of                (IRS Employer Identification No.)

incorporation or organization)



6250 King's Lynn Street

Vancouver, British Columbia, Canada

V5S 4V5

________________________________________                  ____________________

(Address of principal executive offices)                  (Postal or Zip Code)



Issuer's telephone number, including area code:            604-618-2888



                                         N/A


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

  last report)


Check  whether  the issuer (1) 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 issuer 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 ]


State the number of shares outstanding of each of the issuer's classes of common

stock, as of the latest practicable date: 6,400,000 shares of common stock with

par value of $0.001 per share outstanding as of April 16, 2007.


EXPLANATORY REASON FOR AMEMENDMENT:


The Company has never been a "Shell" status and the box was checked wrongly. The Box "NO" is now properly checked.

<PAGE>







                               K-9 CONCEPTS, INC.

                         (A development stage Company)


                              FINANCIAL STATEMENTS


                               February 28, 2007


                             (Stated in US Dollars)


                                  (Unaudited)



















BALANCE SHEETS


STATEMENTS OF OPERATIONS


STATEMENTS OF CASH FLOWS


NOTES TO THE FINANCIAL STATEMENTS













<PAGE>




<TABLE>

<CAPTION>

K-9 CONCEPTS, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

<S>            <C>                 <C>         <C>   <C>   <C>  <C> <C>   <C>                 <C> <C>


                                                                                 February 28,     

August 31,

                                                                                         2007

      2006

                                    ASSETS                                        (Unaudited)            (Audited)

CURRENT ASSETS

               Cash                                                           $        15,965     $        16,826

               Other receivable                                                            96                  96


TOTAL ASSETS                                                                  $        16,061     $        16,922


Commitments and Contingencies (Note 1)


                             STOCKHOLDERS' EQUITY


               Common stock

               Authorized:

               75,000,000, par value $0.001 per share

               Issued and outstanding:

               6,400,000 common shares



               (August 31, 2006 - 6,400,000 common shares)                              6,400               6,400

               Additional paid in capital                                              25,600              22,600

               Deficit accumulated during the development stage                       (15,939)            (12,078)


TOTAL STOCKHOLDERS' EQUITY                                                    $        16,061     $        16,922



</TABLE>

























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





<PAGE>





<TABLE>

<CAPTION>

K-9 CONCEPTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

(UNAUDITED)

<S> <C> <C>            <C> <C>            <C> <C>            <C> <C>          <C> <C>          <C> <C>





                          Three Months       Three Months     Six Months       Six Months       August 25, 2005

                          Ended              Ended            Ended            Ended

(Date of Inception)

                          February 28,       February 28,     February 28,     February 28,

to February 28,

                          2007               2006             2007             2006

2007


     EXPENSES

     Bank charges           $       44       $          -     $         87     $          -

$      311

     Filing and transfer           750                  -              750                -            750

      agent fees

     Management fees             1,500                  -            3,000                -          6,000

     Marketing                       -                  -                -                -          1,626

     Professional fees               -                  -                -                -          4,348

     Travel and entertainment       24                  -               24                -          2,904



Net loss                    $   (2,318)       $         -     $     (3,861)     $         -     $   (15,939)



BASIC AND DILUTED           $    (0.00)       $     (0.00)    $      (0.00)     $      (0.00)

 LOSS PER SHARE

WEIGHTED AVERAGE

 NUMBER OF SHARES            6,400,000                  -        6,400,000                -

 OUTSTANDING

</TABLE>



























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









<PAGE>


<TABLE>

<CAPTION>

K-9 CONCEPTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(UNAUDITED)

<S> <C> <C>                                  <C> <C> <C> <C> <C> <C> <C>  <C> <C> <C>                 <C> <C>


                                                      Six             Six

August 25, 2005

                                                      Months          Months            (Date of

                                                      Ended

      Ended

Inception) to

                                                      February

      February

February

                                                      28, 2007

      28, 2006

28, 2007


CASH FLOWS FROM OPERATING ACTIVITIES

        Net loss                                    $  (3,861)        $      -   

$    (15,939)

        Non-cash item:

          Donated services                               3,000               -                 6,000

        Changes in non-cash operating

        working capital item:

          Other receivable                                   -               -                   (96)


        Net cash used in operations                      (861)               -               (10,035)


CASH FLOWS FROM FINANCING ACTIVITIES

      Issuance of common shares                              -               -                26,000


    Net cash provided by financing                           -               -                26,000

    activities




NET INCREASE (DECREASE) IN CASH                           (861)              -                15,965

CASH, BEGINNING                                         16,826               -                     -


CASH, ENDING                                        $   15,965        $      -   

$     15,965


SUPPLEMENTAL CASH FLOW DISCLOSURE:

CASH PAID FOR:

        Interest                                    $        -        $      -   

$          -

        Income taxes                                $        -        $      -   

$          -

</TABLE>














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


<PAGE>


K-9 CONCEPTS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

FEBRUARY 28, 2007

(UNAUDITED)


NOTE 1.  NATURE AND CONTINUANCE OF OPERATIONS


       K-9 Concepts,  Inc.  ("the  Company")  was incorporated under the laws of

       State of Nevada on August 25, 2005. The  Company  is  in  the business of

       marketing  and  distribution  of showerhead and related accessories.  The

       Company  is considered to be a development  stage  company  and  has  not

       generated any significant revenues from operations.


       Going concern

       The accompanying  financial  statements  have  been prepared assuming the

       Company will continue as a going concern. As of  February  28,  2007, the



       Company has a working capital of $16,061, has not yet achieved profitable

       operations and has accumulated a deficit of $15,939 since inception.  Its

       ability  to  continue as a going concern is dependent upon the ability of

       the Company to obtain the necessary financing to meet its obligations and

       pay its liabilities  arising  from  normal  business operations when they

       come  due.  The outcome of these matters cannot  be  predicted  with  any

       certainty at  this time and raise substantial doubt that the Company will

       be able to continue as a going concern. These financial statements do not

       include any adjustments  to  the amounts and classification of assets and

       liabilities  that  may be necessary  should  the  Company  be  unable  to

       continue as a going  concern.  Management  believes  that the Company has

       adequate funds to carry on operations for the upcoming fiscal year.


       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 may 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 year ended

       August  31,  2006  included in the Company's 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  February  28, 2007 are not necessarily indicative  of  the



       results that may be expected for the year ending August 31, 2007.



NOTE 2. RELATED PARTY TRANSACTIONS


      The Company recognized donated  services  by  directors of the Company for

      management fees, valued at $500 per month, totaling  $3,000  for  the  six

      months  ended to February 28, 2007 ($Nil for the six months ended February

      28, 2006).  These  transactions were recorded at the exchange amount which

      is the amount agreed to by the related parties.


NOTE 3.  INCOME TAXES


      At February 28, 2007,   the   Company   has accumulated non-capital losses

      totaling  $15,939, which are available  to   reduce   taxable   income  in

      future   taxation    years.   These  losses  expire  beginning  2026.  The

      potential  benefit of those losses, if any, has not been recorded  in  the

      financial statements as these losses are not likely to be realized.









<PAGE>




FORWARD-LOOKING STATEMENTS


This Form 10-QSB includes "forward-looking statements" within the meaning of the

"safe-harbor" provisions of the Private Securities Litigation Reform Act of

1995.  Such statements are based on management's current expectations and are

subject to a number of factors and uncertainties that could cause actual results

to differ materially from those described in the forward-looking statements.


All statements other than historical facts included in this Form, including

without limitation, statements under "Plan of Operation", regarding our



financial position, business strategy, and plans and objectives of management

for the future operations, are forward-looking statements.


Although we believe that the expectations reflected in such forward-looking

statements are reasonable, it can give no assurance that such expectations will

prove to have been correct.  Important factors that could cause actual results

to differ materially from our expectations include, but are not limited to,

market conditions, competition and the ability to successfully complete

financing.


ITEM 2. PLAN OF OPERATION


The success of our business plan depends on the strength of national and local

new residential construction, home improvement and remodelling markets.  Future

downturns in new residential construction and home improvement activity may

result in intense price competition among building materials suppliers, which

may adversely affect our intended business.


The building products distribution industry is subject to cyclical market

pressures and most impacted by changes in the demand for new homes and in

general economic conditions that impact the level of home improvements. Our

business success depends on anticipating changes in consumer preferences and on

successful new product and process development and product re-launches in

response to such changes. Consumer preferences for our products shift due to a

variety of factors that affect discretionary spending, including changes in

demographic and social trends and downturn in general economic conditions.


The building materials distribution industry is extremely fragmented and

competitive.  Our competition varies by product line, customer classification

and geographic market.  The principal competitive factors in our industry are

pricing and availability of product, service and delivery capabilities, ability

to assist with problem-solving, customer relationships, geographic coverage and

breadth of product offerings.  We compete with many local, regional and national

building materials distributors and dealers.




Separate showers and baths have also become de rigueur in many households and

increasingly a major component in the Personal Healthcare industry segment.

Showers have morphed into vertical spas and the use of multiple shower heads is

also growing in popularity, often with multiple sprays for each head.


We are positioning ourselves to take advantage of current market and industry

trends for the Personal Healthcare segment; including an increased emphasis on a

personal health care lifestyle and an increased emphasis on spending time at

home or "cocooning". Consumers in this industry segment wish to remain active

and seek personal health care products to maintain a high quality of life. These

"baby boomers" typically have more discretionary income, which are more likely

spent on home remodelling projects (including projects to improve their pools

and spas).


We intend to develop our retail network by initially focusing our marketing

efforts on larger chain stores that sell various types of shower heads, such as

Home Depot.  These businesses sell more shower heads, have a greater budget for

in-stock inventory and tend to purchase a more diverse assortment of shower

heads.





<PAGE>

In 2007, we anticipate expanding our retail network to include small to medium

size retail businesses whose businesses focus is limited to the sale of bathroom

accessories.  Any relationship we arrange with retailers for the wholesale

distribution of our shower heads will be non-exclusive.  Accordingly, we will

compete with other shower head vendors for positioning of our products in retail

space.


Even if we are able to receive an order commitment, some larger chains will only

pay cash on delivery and will not advance deposits against orders. Such a policy

may place a financial burden on us and, as a result, we may not be able to



deliver the order. Other retailers may only pay us 30 or 60 days after delivery,

creating an additional financial burden.


We intend to retain one full-time sales person in the next six months, as well

as an additional full-time sales person in the six months thereafter.  These

individuals will be independent contractors compensated solely in the form of

commission based upon sales they arrange. We expect to pay each sales person 12%

to 15% of the net profit we realize from such sales.


We therefore expect to incur the following costs in the next 12 months in

connection with our business operations:


Marketing costs:                            $20,000

General administrative costs:               $10,000


Total:                                      $30,000


In addition, we anticipate spending an additional $10,000 on administrative

fees.  Total expenditures over the next 12 months are therefore expected to be

$40,000.


While we have sufficient funds on hand to commence business operations, our cash

reserves are not sufficient to meet our obligations for the next twelve-month

period. As a result, we will need to seek additional funding in the near future.

We currently do not have a specific plan of how we will obtain such funding;

however, we anticipate that additional funding will be in the form of equity

financing from the sale of our common stock.


We may also seek to obtain short-term loans from our directors, although no such

arrangement has been made. At this time, we cannot provide investors with any

assurance that we will be able to raise sufficient funding from the sale of our

common stock or through a loan from our directors to meet our obligations over

the next twelve months.  We do not have any arrangements in place for any future

equity financing.


If we are unable to raise the required financing, we will be delayed in

conducting our business plan.




Our ability to generate sufficient cash to support our operations will be based

upon our sales staff's ability to generate bamboo flooring sales.  We expect to

accomplish this by securing a significant number of agreements with large and

small retailers and by retaining suitable salespersons with experience in the

retail sales sector.


RESULTS OF OPERATIONS FOR PERIOD ENDING FEBRUARY 28, 2007


We did not earn any revenues in the six-month period ended February 28, 2007.

During the same period, we incurred operating expenses of $3,861 consisting of

donated management fees of $3,000, filing and transfer agent fees of $750,

travel and promotion costs of $24, and bank charges of $87.






<PAGE>


At February 28, 2007, we had assets of $16,061 consisting of $15,965 in cash and

$96 in other receivables.  We did not have any liabilities as of February 28,

2007.


We have not attained profitable operations and are dependent upon obtaining

financing to pursue exploration activities.  For these reasons our auditors

believe that there is substantial doubt that we will be able to continue as a

going concern.


ITEM 3. CONTROLS AND PROCEDURES


EVALUATION OF DISCLOSURE CONTROLS


We evaluated the effectiveness of our disclosure controls and procedures as of

February 28, 2007.  This evaluation was conducted by Albert Au, our chief

executive officer and Jeanne Mok, our principal accounting officer.


Disclosure controls are controls and other procedures that are designed to

ensure that information that we are required to disclose in the reports we file

pursuant to the Securities Exchange Act of 1934 is recorded, processed,

summarized and reported.




LIMITATIONS ON THE EFFECTIVE OF CONTROLS


Our management does not expect that our disclosure controls or our internal

controls over financial reporting will prevent all error and fraud.  A control

system, no matter how well conceived and operated, can provide only reasonable,

but no absolute, assurance that the objectives of a control system are met.

Further, any control system reflects limitations on resources, and the benefits

of a control system must be considered relative to its costs.  These limitations

also include the realities that judgments in decision-making can be faulty and

that breakdowns can occur because of simple error or mistake.  Additionally,

controls can be circumvented by the individual acts of some persons, by

collusion of two or more people or by management override of a control.  A

design of a control system is also based upon certain assumptions about

potential future conditions; over time, controls may become inadequate because

of changes in conditions, or the degree of compliance with the policies or

procedures may deteriorate.  Because of the inherent limitations in a cost-

effective control system, misstatements due to error or fraud may occur and may

not be detected.


CONCLUSIONS


Based upon their evaluation of our controls, Albert Au, our chief executive

officer and Jeanne Mok, our principal accounting officer, have concluded that,

subject to the limitations noted above, the disclosure controls are effective

providing reasonable assurance that material information relating to us is made

known to management on a timely basis during the period when our reports are

being prepared.  There were no changes in our internal controls that occurred

during the quarter covered by this report that have materially affected, or are

reasonably likely to materially affect our internal controls.


          PART II- OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


The Company is not a party to any pending legal proceeding.  Management is not

aware of any threatened litigation, claims or assessments.




ITEM 2. CHANGES IN SECURITIES


None.






<PAGE>

ITEM 3. DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


None.


ITEM 5. OTHER INFORMATION


None.


ITEM 6. EXHIBITS AND REPORT ON FORM 8-K


 31.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted

          pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 31.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted

          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 32.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted

          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 32.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted

          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


We did not file any current reports on Form 8-K during the period.



          SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused

this report to be signed on its behalf by the undersigned, thereunto duly

authorized.


April 16, 2007



K-9 Concepts, Inc.



/s/ Albert Au

------------------------------

Albert Au, President


=============================================================

SIGNATURE

 

Resubmitted: November 30, 2015

 

Now Called Predictive Technology Group, Inc. (f.k.a Global Enterprises Group, Inc.)(f.k.a Global Housing Group, Inc.)

 

In accordance with the requirements of the Exchange Act, the registrant caused

this report to be signed on its behalf by the undersigned, thereunto duly

authorized.

 

By: Merle Ferguson

/s/ Merle Ferguson

Chairman

 

November 30, 2015