|                                                          | **UNITED STATES**                                                     |                                  |
|---------------------------------------------------------------|-----------------------------------------------------------------------|---------------------------------------|
|                                                          | **SECURITIES AND EXCHANGE COMMISSION**                                |                                  |
|                                                          | **Washington, D.C. 20549**                                            |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **FORM 10-QSB/A**                                                     |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **QUARTERLY REPORT**                                                  |                                  |
|                                                          | **UNDER SECTION 13 OR 15(d)**                                         |                                  |
|                                                          | **OF THE SECURITIES EXCHANGE ACT OF 1934**                            |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **FOR QUARTER ENDED APRIL 30, 2006**                                  |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **WAH KING INVEST CORP.**                                             |                                  |
|                                                          | (Exact name of small business registrant as specified in its charter) |                                  |
|                                                          |                                                                  |                                  |
|                                                          |                                                                  |                                  |
| **Delaware******                                              | **000-27097******                                                     | **98-0215778******                    |
| (State or other jurisdiction of incorporation or organiztion) | (Commission File Number)                                              | (IRS Employer Indentification Number) |
|                                                          |                                                                  |                                  |
|                                                          |                                                                  |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **Kobaltweg 11**                                                      |                                  |
|                                                          | **3542CE Utrecht**                                                    |                                  |
|                                                          | **The Netherlands**                                                   |                                  |
|                                                          | (Address of principal executive offices) (Zip Code)                   |                                  |
|                                                          |                                                                  |                                  |
|                                                          | **+31.35628101**                                                      |                                  |
|                                                          | (Registrant’s telephone no., including area code)                |                                  |

 

**Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the past 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**

 

**Number of shares of the registrant’s common stock outstanding as of June 21, 2006 was: 4,265,401**

 

| **Traditional Small Business Disclosure Format:  Yes o**
**No x**
 

 

1

 

 

 

**WAH KING INVEST CORP.**

 

**FORM 10-QSB**

**FOR QUARTER ENDED APRIL 30, 2006**

 

**TABLE OF CONTENTS**

 

                                                                                                                                                                                                       

**PART I. FINANCIAL INFORMATION**

 

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

3

Balance Sheet as of April 30, 2006 (Unaudited) and July 31, 2005

5

Statements of Operations – For the Three Months and Nine Months Ended April 30, 2006 and 2005 (Unaudited)

6

Statements of Cash Flows – For the Nine Months Ended April 30, 2006 and 2005 (Unaudited)

7

Notes to Condensed Consolidated Financial Statements

8

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

10

ITEM 3. CONTROLS AND PROCEDURES

12

** **

 

**PART II. OTHER INFORMATION**

 

ITEM 1. - LEGAL PROCEEDINGS

12

ITEM 2. - CHANGES IN SECURITIES AND USE OF PROCEEDS

12

ITEM 3. - DEFAULTS UPON SENIOR SECURITIES

13

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

13

ITEM 5. - OTHER INFORMATION

14

ITEM 6. - EXHIBITS AND REPORTS ON FORM 8-K

14

** **

 

**SIGNATURES**

15

 

 

2

 

 

 

**PART I. FINANCIAL INFORMATION**

 

 

**ITEM 1.**

**FINANCIAL STATEMENTS**

 

 

 

 

 

**WAH KING INVEST CORP.**

**FINANCIAL STATEMENTS**

**APRIL 30, 2006 AND 2005**

 

3

 

 

 

**WAH KING INVEST CORP.**

**INDEX TO FINANCIAL STATEMENTS**

**APRIL 30, 2005 AND 2004**

 

 

**FINANCIAL STATEMENTS (UNAUDITED)******

 

Balance Sheet as of April 30, 2006 (Unaudited) and July 31, 2005

 

Statements of Operations 

– For the Three Months Ended April 30, 2006 and 2005 (Unaudited)

 

Statements of Operations

– For the Nine Months Ended April 30, 2006 and 2005 (Unaudited)

 

Statements of Cash Flows

– For the Nine Months Ended April 30, 2006 and 2005 (Unaudited)

 

Notes to Financial Statements

 

 

4

 

 

 

**WAH KING INVEST CORP.**

**CONDENSED CONSOLIDATED BALANCE SHEET**

 

 

**ASSETS**

** **

 

 

 

 

 

** **

 

 

 

 

 

**April 30,******

 

 

**July 31,**

 

 

**2006******

 

 

**2005**

 

CURRENT ASSETS

 

(Unaudited)

 

 

 

 

 

Cash

$

136

 

 

$

184,974

 

Marketable securities

 

0

 

 

 

37,500

 

 

 

 

 

 

 

 

 

Total Current Assets

$

136

 

 

$

222,974

 

 

 

 

 

 

 

 

 

OTHER ASSETS

 

 

 

 

 

 

 

Deposits for land Acquisition

 

217,918

 

 

 

0

 

Security deposits

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Total Other Assets

 

218,418

 

 

 

500

 

 

 

 

 

 

 

 

 

Total Assets

$

218,554

 

 

$

222,974

 

 

 

 

 

 

 

 

**LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)**

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Accounts payable

$

26,699

 

 

$

11,587

 

Accrued interest

 

26,586

 

 

 

15,317

 

Federal and State income taxes payable

 

2,452

 

 

 

2,452

 

Due to officers and shareholders

 

0

 

 

 

1,000

 

Convertible promissory notes

 

297,000

 

 

 

589,000

 

 

 

 

 

 

 

 

 

Total Liabilities

$

352,737

 

 

$

619,356

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Preferred stock, no par value; authorized 120,000,000 Shares; none issued and outstanding

 

0

 

 

 

0

 

Common stock, $0.001 par value; 300,000,000 shares authorized; 4,264,705 and 3,387,196 issued and outstanding  at April 30, 2006 and July 31, 2005.

 

4,265

 

 

 

3,387

 

Additional paid in capital.

 

600,667

 

 

 

69,545

 

Accumulated deficit.

 

(739,115

)

 

 

(469,314

)

 

 

 

 

 

 

 

 

Total Stockholders’ Deficit

 

(134,183

)

 

 

(396,382

)

 

 

 

 

 

 

 

 

Total Liabilities and Stockholders’ Deficit

$

218,554

 

 

$

222,974

 

 

 

See accompanying notes to consolidated financial statements.

 

5

 

 

 

**WAH KING INVEST CORP. AND SUBSIDIARY**

**CONDENSES CONSOLIDATED STATEMENT OF OPERATIONS**

**FOR THE THREE MONTHS ENDED OCTOBER 31, 2005 AND 2004 (UNAUDITED)**

 

 

 

 

 

**Three Months Ended**

** **

** **

**Nine Months Ended**

 

 

 

 

**April 30,**

** **

** **

**April 30,**

 

 

 

 

**2006******

** **

** **

**2005**

** **

** **

**2006******

** **

** **

**2005**

 

 

 

 

 

 

 

(Restated)

 

 

 

 

 

(Restated)

 

 

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

REVENUES

 

$

—

 

$

—

 

$

1,263

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Administrative expenses

 

 

44,391

 

 

47,924

 

 

308,738

 

 

44,651

 

Expenses incurred in seeking acquisitions

 

 

—

 

 

—

 

 

50,000

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Expenses

 

 

44,391

 

 

47,924

 

 

358,738

 

 

44,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSES)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net realized gain (expense) on marketable securities

 

 

—

 

 

—

 

 

127,400

 

 

—

 

Net unrealized loss on marketable securities

 

 

—

 

 

(4,000

)

 

—

 

 

(110,500

)

Interest Income

 

 

—

 

 

—

 

 

23,307

 

 

—

 

Interest Expense

 

 

(19,826

)

 

—

 

 

(34,576

)

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Other Income (Expenses)

 

 

(19,826

)

 

(4,000

)

 

116,131

 

 

(110,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS) BEFORE TAXES

 

 

(64,217

)

 

(51,924

)

 

(241,344

)

 

(155,151

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME TAX EXPENSE

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

(64,217

)

$

(51,924

)

$

(241,344

)

$

(155,151

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS) PER COMMON SHARES

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

$

(0.02

)

$

(0.01

)

$

(0.06

)

$

(0.05

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

 

 

4,264,705

 

 

3,919,844

 

 

3,751,626

 

 

3,058,657

 

 

 

See accompanying notes to consolidated financial statements.

 

6

 

 

 

**WAH KING INVEST CORP.**

**CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW**

 

 

 

 

**For the Nine Months Ended**

 

 

 

**April 30,**

 

 

 

**2006**

 

**2005**

 

** **

** **

** **

(Unaudited)

 

 

(Unaudited)

 

CASH FLOW FROM OPERATING ACTIVITIES 

** **

** **

** **

** **

** **

** **

** **

Net income (loss)

 

$

(241,344

)

$

94,040

 

Deduct: Distribution of shares of Blue Ribbon to shareholders

 

 

(28,457

)

 

—

 

Adjustments to reconcile net income (loss) to net cash used in operating activities:

 

 

 

 

 

 

 

Decrease in marketable securities

 

 

37,500

 

 

—

 

Increase in deposit for land acquisition

 

 

(217,918

)

 

—

 

Increase in other current assets

 

 

—

 

 

(94,500

)

Increase (decrease) in accounts payable

 

 

15,112

 

 

(16,807

)

Increase in accrued interest

 

 

11,269

 

 

—

 

Increase in income taxes payable

 

 

 

 

 

17,267

 

 

 

 

 

 

 

 

 

Net Cash Used in Operating Activities

 

 

(423,838

)

 

—

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

Issuance of convertible promissory notes

 

 

240,000

 

 

—

 

Due to officer and shareholder

 

 

(1,000

)

 

— 

 

 

 

 

 

 

 

 

 

Net Cash Provided from Financing Activities

 

 

239,000

 

 

—

 

 

 

 

 

 

 

 

 

DECREASE IN CASH

 

 

(184,838

)

 

—

 

 

 

 

 

 

 

 

 

CASH BEGINNING OF PERIOD

 

 

184,974

 

 

20

 

 

 

 

 

 

 

 

 

CASH END OF PERIOD

 

$

136

 

$

20

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL CASH FLOW INFORMATION:

 

 

 

 

 

 

 

Issuance of 877,509 shares of common stock to Convert promissory notes

 

$

532,000

 

 

 

 

 

 

See accompanying notes to consolidated financial statements.

 

7

 

 

 

**WAH KING INVEST CORP.**

 

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2006

(UNAUDITED)

 

 

NOTE A

BASIS OF PRESENTATION

 

The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the financial statements not misleading have been included. Results for the three and six months ended April 30, 2006 are not necessarily indicative of the results that may be expected for the year ending July 31, 2006. For further information, refer to the financial statements and footnotes thereto included in the Wah King Invest Corp., formerly known as ICBS International Corp and then known as BusinessWay International Corporation annual report onForm 10-KSB for the year ended July 31, 2005.

 

NOTE B

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Nature of Business

 

Wah King Invest Corp. and Subsidiary formerly ICBS International Corp. (the "Company"), a Delaware corporation, is currently is currently in the process of acquiring real property in Europe and the Far East. 

 

Reverse Merger

 

On February 12, 2005, WAH King Invest Corp. (formerly ICBS International Corp.) entered into an agreement with Puritan Securities, Inc. and issued 17,909,507 shares of its common stock to acquire Puritan Securities, Inc.  In connection with the merger, Puritan Securities, Inc. became a wholly owned subsidiary of ICBS International Corp. Prior to the merger Wah King Invest Corp. was a non-operating “shell” corporation.  Pursuant to Securities and Exchange Commission rules, the merger of a private operating company, Puritan Securities, Inc., into a non-operating public shell corporation, with nominal net assets, is considered a capital transaction.  At the time of the merger, the officers and directors of ICBS International Corp. resigned and were replaced with the officers and directors of Puritan Securities, Inc. For financial statement presentation, the merger has beenreflected in the financial statements as though it occurred on July 31, 2004.  The historical financial statements prior to July 31, 2004 are those of Puritan Securities, Inc.  Since the merger is a recapitalization and not a business combination, pro forma information is not presented.

 

Disposition of Puritan Securities, Inc.

 

On November 16, 2005, the Company sold its subsidiary Puritan Securities, Inc. to Blue Ribbon International, Inc. (Blue Ribbon) for 37,500,000 voting non registered preferred shares of Blue Ribbon which are convertible to and have the voting power of 187,500,000 voting non registered common shares of Blue Ribbon which constituted a 57.92% controlling interest in said Company.  The disposition is being accounted for as a tax-free exchange.  No gain or loss was recognized on the disposition as management of the Company determined that the fair value of Puritan Securities as well as the fair value of the shares of Blue Ribbon approximated the book value of Puritan Securities.  The sale is subject to NASD and other governmental agency approval. 

 

On November 21, 2005 a majority of the shareholders of Blue Ribbon approved a 25 to one reverse of all Common  Shares  outstanding  and a  change of name to Puritan Group, Inc. to take  effect on  or  around 

 

8

 

 

 

WAH KING INVEST CORP.

 

**NOTES TO FINANCIAL STATEMENTS**

APRIL 30, 2006

(UNAUDITED)

 

 

NOTE B

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

 

Disposition of Puritan Securities, Inc. (Continued)

 

December 26, 2005 subject to NASD filing requirements. The Company converted its Preferred Shares to 3,534,000 Common Shares of Puritan Group, Inc. and distributed the shares to shareholders of record as of November 21, 2005.  As the Company was the majority owner of Blue Ribbon at the time of the spin-off, the Company recorded the spin-off at book value with an offset to Accumulated Deficit on the Balance Sheet of the Company.  

 

Going Concern

 

As shown in the accompanying financial statements, the Company has incurred net losses of $241,344 for the nine months ended April 30, 2006 and has a stockholders’ deficit of $134,183 at April 30, 2006.  Management’s plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and the generating of revenue through its business. Failure to raise adequate capital and generate adequate sales revenues could result in the Company having to curtail or cease operations.  Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop business to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about theCompany’s ability to continue as a going concern.  However, the accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.  These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

 

NOTE C

CONVERTIBLE PROMISSORY NOTES

 

During the period March 1, 2005 to July 31, 2005, the Company issued convertible promissory notes aggregating $589,000.  The notes are unsecured and bear interest at a rate of 10% per annum.  The principal and interest is due June 27, 2006.  At the option of the Company, the convertible promissory notes and accrued interest may be converted into shares of the Company’s common stock at $0.75 per share.  During the period ended April 30, 2006, the Company issued and additional $240,000 in convertible promissory notes and converted $532,000, plus interest, into 877,509 shares of common stock.

 

NOTE D

SUBSEQUENT EVENT

 

The Company has entered into an agreement to acquire a Dutch Company MBM Belegginger, B.V. and its wholly owned subsidiary Bolmers O.G., B.V. (collectively “MBM”).  The cost of the acquisition is $6,998,734.  The Company plans to finance the acquisition by: (1) assuming a 1st mortgage on the Company’s property and equipment, (2) the issuance of 1,590,000 common shares valued at $0.50 per share, and (3) the sale of 1,145,780 shares of its common stock under a private placement agreement at $0.50 per share.  The Company has reached a preliminary verbal agreement with a bank to provide financing on the acquisition.  The Company is in the process of closing with the bank and finalizing the agreement.  The $217,918 deposit on the Balance Sheet is part of the acquisition cost of MBM.  The Company is in the process of determining the market value of MBM, performing the purchaseprice allocation, and determining if any goodwill is required to be recognized on the acquisition. 

 

9

 

 

 

**ITEM 2.**

**MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OERATION****.**

 

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:

 

This Quarterly Report on Form 10-QSB for the quarterly period ended April 30, 2005 contains "forward-looking" statements within the meaning of the Federal securities laws.  These forward-looking statements include, among others, statements concerning the Company's expectations regarding sales trends, gross and net operating margin trends, political and economic matters, the availability of equity capital to fund the Company's capital requirements, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts.  The forward-looking statements in this Quarterly Report on Form 10-QSB for the quarterly period ended April 30, 2005 are subject to risks and uncertainties that could cause actual results to differ materially from those results expressed in or implied by the statements contained herein.

 

The interim financial statements have been prepared by Wah King Invest Corp. and in the opinion of management, reflect all material adjustments which are necessary to a fair statement of results for the interim periods presented, including normal recurring adjustments.  Certain information and footnote disclosures made in the most recent annual financial statements included in the Company's Form 10-KSB for the year ended July 31, 2004, have been condensed or omitted for the interim statements.  It is the Company's opinion that, when the interim statements are read in conjunction with the July 31, 2004 financial statements, the disclosures are adequate to make the information presented not misleading.  The results of operations for the three months ended April 30, 2005 are not necessarily indicative of the operating results for the full fiscal year.

 

**(A)**

**THE COMPANY**

 

Wah King Invest Corp. (“Wah King”) [Formerly ICBS International Corp (ICBS) and BusinessWay International Corporation ("BusinessWay")].  The Company was organized on October 30, 1980, under the laws of the State of Florida as C.N.W. Corp.  On February 1, 1981, the Company issued 1,000 shares of its $1 par value common stock for services valued at $1,000.  The Company did not have any activity before 1998 and, accordingly, commencement of its development stage is considered to be at the beginning of 1998.

 

On July 21, 1998, the Company increased its capitalization from 1,000 common shares to 50,000,000 common shares.  The par value was changed from $1 to $0.001.  On July 21, 1998, the Company changed its name to C.N.W of Orlando Inc., and on December 28, 1998 it changed its name to GlobalNetCare, Inc.  The company's direction and sole activities were to operate in Canada with the creation of wholly owned subsidiary Canadian subsidiary corporations.

 

On February 3, 1998, the Company incorporated its wholly owned subsidiary, 3423336 Canada Ltd., a Canadian company, to develop a medical Website.  However, the anticipated plans and operations of the Company for its medical Website have not and will not be achieved or pursued further.  Due to its inability to generate sufficient revenues from these operations, the management had decided to pursue a different course and line of business.

 

On September 12, 2000 the Company completed an acquisition of Cor-Bit Peripherals Inc. and BusinessWay Computer Centers Inc. (the "Acquisition"), the Company was no longer being considered a development stage enterprise.  The acquisition included the incorporation of another wholly owned subsidiary, 3739007 Canada Ltd., for the purpose of acquiring 100% control of all issued and outstanding shares of Cor-Bit Peripherals Inc. and BusinessWay Computer Centers Inc. Under this share Exchange Agreement, the Company acquired the shares of Cor-Bit Peripherals Inc. and BusinessWay Computer Center Inc. in exchange of 40,000,000 exchangeable Preferred Shares (the "Preferred Shares") of 3739007 Canada Ltd. (which are exchangeable for the same number of shares of the Company's common stock), and 37,923,891 Class A Special Voting Shares in the capital of the Company (the "Special Voting Shares").  The Special VotingShares were issued to the principal owners of the acquired companies. The principals of BusinessWay retained BusinessWay's franchise retail operations, as the retail operations of BusinessWay were not included under the terms of the Acquisition. At the closing date of acquisition, a new Board of Directors was formed consisting of the principals of BusinessWay, Cor-Bit as well as one former director of the Company were put into place to lead the Company in its new business direction.

 

 

10

 

 

 

On January 31, 2001 GlobalNetCare changed its name to BusinessWay International Corporation. The name change took effect at the opening for trading on the OTC Bulletin Board on Thursday, February 8, 2001 under the new stock symbol "BITL".  BusinessWay also increased its authorized capital from 100,000.00 shares of $0.001 par value common stock and 40,000,000 Class A Special Voting shares, without par value, to 300,000,000 shares of $0.001 par value common stock and 120,000,000 Class A Special Voting Shares, without par value, (the "Capital Increase").

 

On March 2001, BusinessWay acquired through its wholly owned Canadian subsidiary Cor-Bit Peripherals Inc., the company BusinessWay Group Inc. ("BusinessWay Group").  BusinessWay Group operates as the master franchiser of seven independent retail computer stores located in the province Quebec.  The Company acquired 100% of the issued and outstanding common stock of BusinessWay Group Inc. by a unanimous vote and resolution of the board of directors of the Company.  This acquisition includes all the assets and assumption of all liabilities of the acquired company.  The assets included the master franchiser rights, contracts, the BusinessWay retail operation system and documentation, and the two retail stores situated in the Greater Montreal Region.

 

On April 28 2003 the Company's annual shareholders meeting was held and a vote by the majority shareholders at the meeting voted and approved the sale of the computer division namely "3739007 Canada Inc" and it's Canadian subsidiaries and that the corporation authorized it's directors to negotiate and settle all lease obligations and with certain creditors with an equity for debts agreements.

 

On May 2, 2003 management approved the sale of the Company's wholly owned Canadian subsidiary, 3739007 Canada Ltd. and all of 3739007 wholly owned subsidiaries.  With this sale the company completely and terminated all its business interest and activities of all kinds including in the PC business namely the CompuWay banner stores. The company retained all the RAMS software and the Internet software and medical website division.

 

On December 4, 2004, a change in control of the Company occurred in conjunction with the closing under an Acquisition Agreement dated September 24, 2004, between the Company and Inter Canadian Business Services, Ltd. (a.k.a. Service D'affaires Inter Canadian Ltee.) a Canadian corporation with its corporate headquarters located at 1310 Greene Ave., Suite 730, Westmount, Quebec, H3Z 2B2, Canada, (hereinafter "ICBS").  The closing under the Acquisition Agreement consisted of a stock for stock exchange in which the Company acquired all of the issued and outstanding common stock of ICBS in exchange for the issuance of 86,173,987 shares of its common stock, after a 5 for 1 reverse split of the Company’s outstanding shares. As a result of this transaction, ICBS became a wholly-owned subsidiary of the Company.

 

In accordance with the Acquisition Agreement, the Board of Directors of the Company had approved to file a change of name for the Company from BusinessWay International Corporation to ICBS International Corp. and to change the corporate office from 1480 Rue Begin Saint-Laurent, Quebec, Canada H4R 1X1 to 205 Church Street, Suite 340, New Haven, Connecticut 06510.  The change of corporate office took place immediately.  The change of name took place on November 7, 2004 and the change in trading symbol from BITL to ICBO took place on November 30, 2004 to take effect at the opening of that date.

 

On February 11, 2005 the Company cancelled the December 4, 2005 Acquisition of Inter Canadian Business Services, Ltd., and cancelled the 86,173,987 shares of common stock that had been issued to their four shareholders. Following the February 12, 2005 closing of the Acquisition Agreement of ICBS Global Securities, Inc., the Company has 33,316,680 shares of common stock outstanding.  The 33,316,680 shares of common stock consisted of the issuance of the 17,909,507 common stock shares for the exchange of ICBS Global Securities, Inc. and the conversion of 2,000,000 Class "A" Special Voting Shares for 200,000 common stock shares.

 

On March 3, 2005 the Company completed the $100,000 infusion obligation in accordance with the February 12, 2005 Acquisition Agreement.

 

The Company filed and mailed to its shareholders a Definitive Information Statement Schedule 14C on May 20, 2005 that became effective on June 9, 2005.  In it, the Company announced the approval of the following resolution to reverse split ten to one all issued and outstanding Common Stock, and amend its Articles of Incorporation to reflect: (i) changing the state of incorporation from Florida to Delaware; (ii) authorizing up to 1,000,000 shares of Preferred Stock which allows its Board of Directors to issue, without further shareholder action, one or more series of Preferred Stock; and    (iii) changing  its name  to Wah King  Invest Corp.   As a  result  of the  above actions,  the 

 

11

 

 

 

Company now located at Kobaltweg 11, Utrecht P7 3542CE, in The Netherlands, had its trading symbol on the Over-the Counter Bulletin Board changed to WAHK.

 

**(B)**

**BUSINESS OF THE ISSUER**

 

During the Quarter ending April 30, 2005, the Company sole business operations were from ICBS Global Securities, Inc., its broker-dealer subsidiary, which generated no revenues during the quarter.

 

 

**ITEM 3.**

**CONTROLS AND PROCEDURES**

 

The Company’s management evaluated, with the participation of the Chief Executive Officer and Chief Financial Officer, the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this report.  Based on that evaluation, the Chief Executive officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report.  There has been no change in the Company’s internal control over financial reporting that occurred during the quarter covered by this report that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

**PART II. OTHER INFORMATION**

 

**ITEM 1.**

**LEGAL PROCEEDINGS**

 

There is no past, pending or, to the Company's knowledge, threatened litigation or administrative action which has or is expected by the Company's management to have a material effect upon our Company's business, financial condition or operations, including any litigation or action involving our Company's officers, directors, or other key personnel.

 

 

**ITEM 2.**

**CHANGES IN SECURITIES AND USE OF PROCEEDS**

 

On February 11, 2005 the Company cancelled the December 4, 2005 Acquisition of Inter Canadian Business Services, Ltd., and cancelled the 86,173,987 shares of common stock that had been issued to their four shareholders. Following the February 12, 2005 closing of the Acquisition Agreement of ICBS Global Securities, Inc., the Company has 33,316,680 shares of common stock outstanding.  The 33,316,680 shares of common stock consisted of the issuance of the 17,909,507 common stock shares for the exchange of ICBS Global Securities, Inc. and the conversion of 2,000,000 Class "A" Special Voting Shares for 200,000 common stock shares.

 

On March 3, 2005 the Company completed the $100,000 infusion obligation in accordance with the February 12, 2005 Acquisition Agreement.

 

On March 14, 2005 the Company issued 500,000 shares of common stock to Ross Haugen under the terms of his employment agreement with the Company.  Mr. Haugen serves as Vice President of investor relations for the Company.

 

On March 18, 2005 the Company issued 55,000 shares of common stock to Robert Lawand, CA, the Company’s former auditors as part of a settlement and release agreement of prior debts.

 

The Company filed and mailed to its shareholders a Definitive Information Statement Schedule 14C on May 20, 2005 that became effective on June 9, 2005.  In it, the Company announced the approval of the following resolution to reverse split ten to one all issued and outstanding Common Stock, and amend its Articles of Incorporation to reflect: (i) changing the state of incorporation from Florida to Delaware; (ii) authorizing up to 1,000,000 shares of Preferred Stock which allows its Board of Directors to issue, without further shareholder action, one or more series of Preferred Stock;   and  (iii)  changing its  name to  Wah King Invest Corp.   As a result  of the  above  actions,  the 

 

12

 

 

 

Company now located at Kobaltweg 11, Utrecht P7 3542CE, in The Netherlands, had its trading symbol on the Over-the Counter Bulletin Board changed to WAHK.

 

The reverse stock split affected all of the holders of our Common Stock uniformly.  Any fractional shares existing as a result of the reverse stock split was rounded to the next higher whole number to those shareholders who were entitled to receive them as a consequence of the reverse stock split.  Therefore, each stockholder owned a reduced number of shares of our Common Stock, but held the same percentage of the outstanding shares as such stockholder held prior to the reverse.  The reverse stock split had an impact on the number of shares of our Common Stock that may be issued upon the conversion of our outstanding convertible debentures, as the conversion price has been adjusted accordingly.

 

The reverse stock split and the other terms of the amendments had the following effects upon our Common Stock:

 

The number of shares owned by each holder of Common Stock had been reduced by the ratio of ten (10) to one (1), reducing the number of shares of our Common Stock outstanding from 33,871,702 shares, to approximately 3,387,170 shares;

 

The number of shares of Common Stock we are authorized to issue remained the same at 300,000,000 shares; and

 

The par value of our Common Stock remained the same.

 

The new preferred stock are "blank check" preferred stock, which gave the Board of Directors the authority to issue these preferred stock from time to time in one or more series and to fix the number of shares and the relative dividend rights, conversion rights, voting rights and special rights and qualifications of any such series.  The amendments gave the Company increased financial flexibility as it allowed shares of preferred stock to be available for issuance from time to time as determined by the Board of Directors for any proper corporate purpose.  Such purpose included, without limitation, issuance for cash as a means of obtaining capital for use by the Company, or issuance as part or all of the consideration required to be paid by the Company for acquisitions of other businesses or properties.

 

During the Quarter ending April 30, 2005, the Company entered into several convertible note payable agreements.  The notes bear interest at the rate of 10% per year and are due and payable one year from the date executed at which time the notes, at the option of the note holder, can be converted into 2,314,000 shares of common stock of which 1,000,000 will be converted at $0.10 per share and 1,314,000 will be converted at $0.25 per share.

 

 

**ITEM 3.**

**DEFAULTS UPON SENIOR SECURITIES**

 

None

 

 

**ITEM 4.**

**SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

 

On February 12, 2005, the Company acquired ICBS Global Securities, Inc. a New York Corporation that is an SEC registered broker-dealer and a member of the NASD with its corporate headquarters located in Westport, Connecticut.  The aggregate consideration for the acquisition was 17,909,507 newly issued common shares of the Company paid at closing.  Prior to the closing ICBS Global Securities was a subsidiary of Inter Canadian Business Services, Ltd., a former subsidiary of the Company.  On February 11, 2005 the Stock Exchange Agreement dated April 22, 2004 was rescinded whereby ICBS Global Securities was returned to its former owners and ICBS Global Securities was spun off and became an independent company.  The Acquisition Agreement of ICBS Global Securities was approved by the majority of the shareholders at a special meeting held on February 12, 2005 and became effective on that date.

 

The Company filed and mailed to its shareholders a Definitive Information Statement Schedule 14C on May 20, 2005 that became effective on June 9, 2005.  In it, the Company announced the approval of the following resolution to reverse split  ten to  one all  issued and  outstanding  Common Stock,  and amend its  Articles  of  Incorporation to 

 

13

 

 

 

reflect: (i) changing the state of incorporation from Florida to Delaware; (ii) authorizing up to 1,000,000 shares of Preferred Stock which allows its Board of Directors to issue, without further shareholder action, one or more series of Preferred Stock; and (iii) changing its name to Wah King Invest Corp.  As a result of the above actions, the Company now located at Kobaltweg 11, Utrecht P7 3542CE, in The Netherlands, had its trading symbol on the Over-the Counter Bulletin Board changed to WAHK.

 

The resolution and amendments to the Articles of Incorporation were approved by the Board of Directors on May 9, 2005, who recommended that the resolution and amendments be approved by its shareholders.  The resolution and amendments required the approval of holders of a majority of the outstanding shares of its Common Stock.  In accordance with Florida law, the Company was permitted to obtain approval for the resolution and amendments by written consent of the holders of outstanding shares of voting capital stock having not less than the minimum number of votes that would be necessary to approve the resolution and amendments at a meeting at which all shares entitled to vote thereon were present and voted.  On May 9, 2005, holders of a majority of the shares of our Common Stock acted by written consent to approve the resolution and amendments.  The amendments have been filed with the Secretary of State ofthe State of Delaware and the State of Florida and are now effective.

 

The resolutions and amendments required the approval of the holders of a majority of the Company’s outstanding shares of Common Stock. Holders of the Company’s Common Stock are entitled to one vote per share on all matters submitted to a vote.  There were 33,871,702 shares of the Company’s Common Stock outstanding as of May 9, 2005.  On that date, shareholders representing 18,859,018 shares (55.67%) of its Common Stock, which is a majority of the shares outstanding, consented in writing to the resolution and amendments.

 

 

**ITEM 5.**

**OTHER INFORMATION**

 

The Company is obligated under the terms of a lease dated March 1, 2005 with Sterling Development Co. of Westport, Connecticut for a twenty four month executive office lease at for a total of $12,000 payable $500 per month which includes furniture and electric utilities.

 

 

**ITEM 6.**

**EXHIBITS AND REPORTS ON FORM 8-K**

 

(a)

Exhibits:

 

Exhibit 31.1

Certification of Jerry Gruenbaum, Chairman & CEO

 
Exhibit 31.2

Certification of Nathan Lapkin, Director, President & CFO

 

Exhibit 32.1

Certification of Jerry Gruenbaum, Chairman & CEO

 
Exhibit 32.2

Certification of Nathan Lapkin, Director, President & CFO

 

 

(b)

Reports on Form 8-K:

 

None

 

14

 

 

 

**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.

 

 

 

 

 

 

**WAH KING INVEST CORP.**

 

 

(Registrant)

 

 

 

 

 

 

Date: June 21, 2006 

 

By: /s/ JERRY GRUENBAUM

 

 

Jerry Gruenbaum

 

 

Chief Executive Officer and

 

 

Chairman of the Board

 

 

(Duly Authorized Officer)

 

 

 

 

 

 

Date: June 21, 2006

 

By: /s/ NATHAN LAPKIN

 

 

Nathan Lapkin

 

 

President and Chief

 

 

Financial Officer and Director

 

 

(Principal Financial

 

 

and Accounting Officer)

 

 

 

 

 

 

15

 

 

  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|