**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

**FORM 10-QSB**

 

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | (Mark One) |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|--------|
| **x
**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the quarterly period ended: March 31, 2006

**Or**

 

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

 

For the transition period from ____________ to _____________

 

Commission File Number: 333-109903

 

**DP & D, INC.**

(Exact name of registrant as specified in its charter)

 

Nevada

47-0926492

(State or other jurisdiction of incorporation or organization)

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

 

 

4251 East Melody Drive

Higley, Arizona

85236

(Address of principal executive offices)

(Zip Code)

 

 

(480) 396-6275

(Registrant’s telephone number, including area code)

 

N/A

(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 o

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 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 o No o

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 5,750,000

 

**DP & D, INC.**

**(A Development Stage Company)**

 

**Table of Contents**

 

 

Page

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

3

Balance Sheet

4

Statements of Operations

5

Statements of Cash Flows

6

Notes

7

Item 2. Management’s Discussion and Plan of Operation

9

Item 3. Controls and Procedures

10

PART II - OTHER INFORMATION

 

Item 6. Exhibits

11

SIGNATURES

12

 

 

 

 

 

 

 

 

2

 

 

 

 

**Item 1. Unaudited Financial Statements**

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission (“Commission”). While these statements reflect all normal recurring adjustments which are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and footnotes thereto, which are included in the Company’s Annual Report on Form 10-KSB, previously filed with the Commission on March 28, 2006, and subsequent amendments made thereto.

 

 

 

 

 

 

 

 

 

 

 

3

 

 

 

**DP & D, Inc.**

(a Development Stage Company)

**Balance Sheet**

**(unaudited)**

 

 

 

 

**March 31,**

 

 

 

**2006**

 

**Assets**

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

Cash

 

$

10,548

 

Total current assets

 

 

10,548

 

 

 

 

 

 

Fixed assets, net

 

 

1,632

 

 

 

 

 

 

 

 

$

12,180

 

 

 

 

 

 

**Liabilities and Stockholders’ Equity**

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

Notes payable – related party

 

$

10,000

 

Total current liabilities

 

 

10,000

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

Common stock, $0.001 par value, 190,000,000 shares

 

 

 

 

authorized, 5,750,000 shares issued and outstanding

 

 

5,750

 

Preferred stock, $0.001 par value, 10,000,000 shares

 

 

 

 

authorized, no shares issued and outstanding

 

 

—

 

Additional paid-in capital

 

 

34,250

 

(Deficit) accumulated during development stage

 

 

(37,820

)

 

 

 

2,180

 

 

 

 

 

 

 

 

$

12,180

 

 

 

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

 

 

 

 

 

 

 

4

 

 

 

**DP & D, Inc.**

(a Development Stage Company)

**Statements of Operations**

**(unaudited)**

 

 

 

 

**Three Months Ended**

 

**March 1, 2001**

 

 

 

**March 31,**

 

**(Inception) to**

 

 

 

**2006**

 

**2005**

 

**March 31, 2006**

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

—

 

$

—

 

$

3,145

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

4,201

 

 

3,602

 

 

31,857

 

General and administrative expenses – related party 

 

 

—

 

 

—

 

 

8,700

 

Depreciation

 

 

200

 

 

—

 

 

263

 

Total expenses

 

 

4,401

 

 

3,602

 

 

40,820

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) before provision for taxes

 

 

(4,401

)

 

(3,602

)

 

(37,675

)

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

 

(50

)

 

(45

)

 

(145

)

 

 

 

 

 

 

 

 

 

 

 

Net (loss)

 

$

 (4,451

)

$

 (3,647

)

$

 (37,820

)

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of

 

 

 

 

 

 

 

 

 

 

Common shares outstanding – basic and fully diluted

 

 

5,750,000

 

 

5,250,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) per share – basic and fully diluted

 

$

 (0.00

)

$

 (0.00

)

 

 

 

 

 

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

 

 

 

 

 

 

 

 

5

 

 

 

**DP & D, Inc.**

(a Development Stage Company)

**Statements of Cash Flows**

**(unaudited)**

 

 

 

 

**Three Months Ended**

 

**March 1, 2001**

 

 

 

**March 31,**

 

**(Inception) to**

 

 

 

**2006**

 

**2005**

 

**March 31, 2006**

 

**Cash flows from operating activities**

 

 

 

 

 

 

 

 

 

 

Net (loss)

 

$

 (4,451

)

$

 (3,647

)

$

 (37,820

)

Adjustments to reconcile net (loss) to

 

 

 

 

 

 

 

 

 

 

net cash (used) by operating activities:

 

 

 

 

 

 

 

 

 

 

Shares issued for services

 

 

—

 

 

—

 

 

5,000

 

Depreciation

 

 

200

 

 

—

 

 

263

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

(Decrease) in accrued expense

 

 

(148

)

 

—

 

 

—

 

Net cash (used) by operating activities

 

 

(4,399

)

 

(3,647

)

 

(32,557

)

 

 

 

 

 

 

 

 

 

 

 

**Cash flows from investing activities**

 

 

 

 

 

 

 

 

 

 

Purchase of fixed assets

 

 

—

 

 

—

 

 

(1,895

)

Net cash (used) by investing activities

 

 

—

 

 

—

 

 

(1,895

)

 

 

 

 

 

 

 

 

 

 

 

**Cash flows from financing activities**

 

 

 

 

 

 

 

 

 

 

Issuances of common stock

 

 

—

 

 

—

 

 

35,000

 

Proceeds from notes payable – related party

 

 

—

 

 

—

 

 

10,000

 

Net cash (used) by financing activities

 

 

—

 

 

—

 

 

45,000

 

 

 

 

 

 

 

 

 

 

 

 

Net (decrease) increase in cash

 

 

(4,399

)

 

(3,647

)

 

10,548

 

Cash – beginning

 

 

14,947

 

 

3,999

 

 

—

 

Cash – ending

 

$

10,548

 

$

352

 

$

10,548

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosures;

 

 

 

 

 

 

 

 

 

 

Interest paid

 

$

—

 

$

—

 

$

—

 

Income taxes paid

 

$

50

 

$

45

 

$

145

 

 

 

 

 

 

 

 

 

 

 

 

Non-cash transactions:

 

 

 

 

 

 

 

 

 

 

Shares issued for services

 

$

—

 

$

—

 

$

5,000

 

Number of shares issued for services

 

 

—

 

 

—

 

 

5,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

6

 

 

 

**DP&D, Inc.**

**(a Development Stage Company)**

**Notes**

 

**Note 1 – Basis of presentation**

 

The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

 

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these consolidated interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2005 and notes thereto included in the Company’s Annual Report on Form 10-KSB. The Company follows the same accounting policies in the preparation of interim reports.

 

Results of operations for the interim periods are not indicative of annual results. 

 

**Note 2 – Going concern**

 

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred a net loss of ($37,820) for the period from March 1, 2001 (inception) to March 31, 2006, and had minimal sales of $3,145. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its new business opportunities. 

 

In the event additional capital is required, the President of the Company has agreed to provide funds as a loan over the next twelve-month period, as may be required. However, the Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.

 

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

 

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.

 

**Note 3 – Fixed assets**

 

Fixed assets as of March 31, 2006 consisted of the following: 

 

Computer equipment

 

$   1,895

Accumulated depreciation

 

(263)

 

 

$   1,632

 

For the period ended March 31, 2006 and 2005, the Company recorded depreciation expenses of $200 and $0, respectively.

 

 

 

7

 

 

 

**DP&D, Inc.**

**(a Development Stage Company)**

**Notes**

 

**Note 4 – Notes payable – related party**

 

During the year ended December 31, 2004, the Company received a total of $10,000 from a family member of the sole officer and director which is considered a note payable. The note has no interest and is due upon demand. As of March 31, 2006, the total amount owed is $10,000.

 

**Note 5 – Related party transactions**

 

The Company does not lease or rent any property. Office space and services are provided without charge by a director and shareholder. Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

 

**Note 6 – Subsequent event**

 

On April 20, 2006, the Company amended its articles of incorporation to increase its authorized capital to 190,000,000 shares of common stock, $0.001 par value, and 10,000,000 shares of preferred stock, $0.001 par value.

 

 

 

 

 

 

 

 

8

 

 

 

**Item 2. Management’s Discussion**

 

*Forward-Looking Statements*

 

This Quarterly Report contains forward-looking statements about DP & D, Inc.’s business, financial condition and prospects that reflect management’s assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. If any of our management’s assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, DP & D’s actual results may differ materially from those indicated by the forward-looking statements.

 

The key factors that are not within our control and that may have a direct bearing on operating results include, but are not limited to, acceptance of our services, our ability to expand our customer base, managements’ ability to raise capital in the future, the retention of key employees and changes in the regulation of our industry.

 

There may be other risks and circumstances that management may be unable to predict. When used in this Quarterly Report, words such as,  *”believes,”*  *”expects,” “intends,”*  *”plans,”*  *”anticipates,”*  *”estimates”*and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions.

 

*Management’s Discussion and Analysis*

 

DP & D, Inc. was incorporated in the State of Nevada on March 1, 2001. To date, DP & D’s efforts have focused primarily on the execution of our business plan, which include the following activities:  

 

1.

Obtaining capital through sales of our common stock; 

 

2.

Establishing a website at http://www.itsherday.com; 

 

3.

Exhibited at a Wedding Expo; and

 

4.

Contracted a wedding consultant.

 

During the three month periods ended March 31, 2006 and 2005, we did not generate any revenues, as we were unable to attract customers seeking wedding planning services in those periods. However, since our inception, we generated an aggregate of $3,145 in revenues. The realization of sales revenues is attributable to the fact that we were able to begin to implement our planned business due to an infusion of capital related to a public offering of our common stock. As a result of this infusion of capital, we were able to purchase a display booth at the Mesa Chamber of Commerce Wedding Expo in May 2005, from which we were able to generate sales leads. We believe that to attract future clients, we must increase our visibility by attending similar trade shows.

 

Total expenses for the three months ended March 31, 2006 were $4,401, consisting of general and administrative expenses in the amount of $4,201 and $200 in depreciation expense. For the three month period ended March 31, 2005, we incurred total operating expenses of $3,647, all of which was attributable to general and administrative expenses. We believe that our level of expenditures could substantially deviate from the range of expenses between 2006 and 2005. This variance is expected to be the result of our pursuit of furtherance of our business and continued execution of our business plan. Total expenses since our inception on March 1, 2001 were $37,820, all of which is attributable to general and administrative expenses and depreciation expense. 

 

As a result of our minimal amount of revenues and continued expenditures in pursuit of our business objectives, we incurred net losses since our inception. During the quarter ended March 31, 2006, our loss before income taxes totaled $4,401. After accounting for a provision for income taxes in the amount of $50, our net loss for the period ended March 31, 2006 was $4,451. Our loss before taxes for the year ago three month ended March 31, 2005 

 

 

9

 

 

 

was $3,602. Considering a provision for income taxes of $45, our net loss for the period ended March 31, 2005 was $3,647. Our aggregate net loss since inception to March 31, 2006 was $37,820. The cumulative net loss was attributable to a loss before provision for income taxes of $37,675, as well as provision for income taxes in the amount of $145. We expect to incur ongoing losses for the next 12 months of operations unless we are able to increase our revenue generating ability significantly. Our independent registered public accountants have expressed substantial doubt about our ability to continue as a going concern in their report to the financial statements included in this annual report. If our business fails, our investors may face a complete loss of their investment.

 

We believe that our cash on hand as of March 31, 2006 of $10,548 is sufficient to continue operations for the next at least 12 months. Since our incorporation, we have raised capital through sales of our common equity. All told, we raised $35,000 in cash from sales of our common stock since our inception. Implementing our business plan and generating revenues through the use of the proceeds of these offerings is important to support our planned ongoing operations. However, we cannot guarantee that we will generate such growth. There are no formal or informal agreements to attain additional financing. We can not assure you that any financing can be obtained or, if obtained, that it will be on reasonable terms. 

 

We expect to have negative cash flows for the fiscal year 2006, as we have a limited ability to realize cash flows from sales. In addition, if our costs of operations increase unexpectedly, we may need to raise additional capital by issuing equity or debt securities in exchange for cash. There can be no assurance that we will be able to secure additional funds in the future to stay in business. 

 

There are no known trends, events or uncertainties that have had or that are reasonably expected to have a material impact on our revenues from continuing operations. 

 

Our management does not expect to incur research and development costs.

 

We do not have any off-balance sheet arrangements.

 

We currently do not own any significant plant or equipment that we would seek to sell in the near future.

 

Our management does not anticipate the need to hire additional full- or part- time employees over the next 12 months, as the services provided by our officers and directors appear sufficient at this time. We believe that our operations are currently on a small scale that is manageable by a few individuals. 

 

We have not paid for expenses on behalf of our directors. Additionally, we believe that this fact shall not materially change.

 

We currently do not have any material contracts and or affiliations with third parties. 

**Item 3. Controls and Procedures**

 

Within 90 days prior to the date of filing of this report, we carried out an evaluation, under the supervision and with the participation of our management, including the Chief Executive Officer and our Chief Financial Officer, of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective for gathering, analyzing and disclosing the information we are required to disclose in the reports we file under the Securities Exchange Act of 1934, within the time periods specified in the SEC’s rules and forms. There have been no significant changes in our internal controls or in other factors that could significantly affect internal controls subsequent to the date of this evaluation.

 

 

10

 

 

 

**PART II - OTHER INFORMATION**

 

**Item 2. Use of Proceeds**

 

The SB-2 Registration Statement, as amended (SEC File Number 333-109903), filed by DPDI and deemed effective by the Securities and Exchange Commission as of April 29, 2005, offered a minimum of 400,000 and a maximum of 2,000,000 shares of our $0.001 par value common stock at a price of $0.05 per share pursuant to a self-underwritten offering. A total of 500,000 shares were sold to approximately twenty-five investors in conjunction with the registered offering for an aggregate of $25,000.00. On August 19, 2005, we closed the offering and subsequently filed a Post-Effective Amendment to deregister 1,500,000 shares representing the unsold portion of the stock offered by DP & D.

 

From the close of the offering through the three months ended March 31, 2006, the actual uses of the proceeds from the offering were as follows:

 

Item

Amount

 

 

Offering Expenses:

 

Escrow Fees

$     1,000

Transfer Fees

950

 

 

Operating Expenses:

 

Computer Hardware & Software

1,895

Website Development & Maintenance

2,000

Marketing

2,150

General Working Capital

2,300

Office Supplies 

190

Salaries

-

Office Furniture

275

Accounting & Legal Expenses

4,767

 

 

Total Use of Proceeds

$   15,527

 

The actual uses of proceeds described above were relatively consistent with the anticipated uses of proceeds described in the Prospectus for the offering.

 

**Item 6. Exhibits**

 

**Exhibit Number**

**Name and/or Identification of Exhibit**

 

 

3

Articles of Incorporation & By-Laws

 

 

 

(a) Articles of Incorporation (1)

 

 

 

(b) By-Laws (1)

 

 

31

Rule 13a-14(a)/15d-14(a) Certifications

 

 

32

Certification under Section 906 of the Sarbanes-Oxley Act (18 U.S.C. Section 1350)

 

(1) Incorporated by reference to the exhibits to the Company’s Registration Statement on Form SB-2 filed on October 22, 2003.

 

 

11

 

 

 

**SIGNATURES**

 

Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

**DP & D, INC.**

(Registrant)

 

By: /s/ Dina Staheli

Dina Staheli, President

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 **** |