UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549




FORM 10-Q




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




For the quarterly period ended June 30, 2012




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




For the transition period from to




Commission File Number: 000-54083




CORRIDOR VENTURES I ACQUISITION CORP.


(Exact name of registrant as specified in its charter)




Nevada
27-3183663(State or other jurisdiction of
(I.R.S. Employer Identification No.)incorporation or organization)





1 Changi North Street 1, Singapore
100027(Address of principal executive offices)
(Zip Code)








Registrant’s telephone number (including area code): +(86) 10-8591-1129




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




Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
 Yes xNo o





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):




Large accelerated filer o
Accelerated filer oNon-accelerated filer o
Smaller reporting company x(Do not check if a smaller reporting company)




Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).




Yes xNo o




As of August 21, 2012, there were 2,000,000 shares of company common stock issued and outstanding.










CORRIDOR VENTURES I ACQUISITION CORP.


Quarterly Report on Form 10-Q


TABLE OF CONTENTS




PART I – FINANCIAL INFORMATION




Cautionary Note Regarding Forward-Looking Statements
2Item 1.
Financial Statements (unaudited)
3Condensed Balance Sheets as of June 30, 2012 and March 31, 2012 (unaudited)
F-1Condensed Statements of Operations for the and three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012 (unaudited)
F-2Condensed Statements of Cash Flows for the three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012(unaudited)
F-3Notes to Condensed Financial Statements for the three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012 (unaudited)
F-4 to F-8Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
4Item 3.
Quantitative and Qualitative Disclosures About Market Risk
5Item 4.
Controls and Procedures
5PART II – OTHER INFORMATIONItem 1.
Legal Proceedings
6Item 1A.
Risk Factors
6Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
6Item 3.
Defaults Upon Senior Securities
6Item 4.
Mine Safety Disclosures
6Item 5.
Other Information
6Item 6.
Exhibits
6SIGNATURES
7









CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS




This report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Forward-looking statements are speculative and uncertain and not based on historical facts. Because forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including those discussed under “Description of Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. These uncertainties and other factor include, but are not limited to: our ability to locate a business opportunity for merger; the terms of our acquisition of or participation in a business opportunity; and the operating and financial performance of any business combination with us.




Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements, and the reader is advised to consult any further disclosures made on related subjects in our future SEC filings.




2




Item 1. Financial Statements




CORRIDOR VENTURES I ACQUISITION CORP.
 INDEX TO FINANCIAL STATEMENTS (UNAUDITED)
 
 Page(s)Condensed Balance Sheets as of June 30, 2012 and March 31, 2012 (unaudited)
F-1Condensed Statements of Operations for the three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012 (unaudited)
F-2Condensed Statements of Cash Flows for the three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012 (unaudited)
F-3Notes to Condensed Financial Statements for the three months ended June 30, 2012 and 2011, and for the period from inception (February 22, 2010) through June 30, 2012 (unaudited)
F-4
 
 3
 
 CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 CONDENSED BALANCE SHEETS
 (Unaudited)
 
 ASSETS

June 30,

2012


March 31,

2012Current assets:Cash

$
-


$
-Total Assets

$
-


$
-LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent liabilities:Accrued expenses

$
-


$
2,000Total Current Liabilities


-



2,000Commitments and contingencies


-



-STOCKHOLDERS’ DEFICITStockholders’ deficit:Preferred stock, $0.001 par value, 10,000,000 shares authorized;no shares issued and outstanding June 30, 2012 and March 31, 2012


-



-Common stock, $0.001 par value, 200,000,000 shares authorized;2,000,000 issued and outstanding June 30, 2012 and March 31, 2012


2,000



2,000Additional paid-in Capital


20,575



6,075Deficit accumulated during development stage


(22,575
)


(10,075
)Total Stockholders’ Deficit


-



(2,000
)Total Liabilities and Stockholders’ Deficit

$
-


$
-
  The accompanying notes are an integral part of these condensed financial statements
 
 F-1
 
 CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 CONDENSED STATEMENTS OF OPERATIONS
 UNAUDITED
  For The

Three Months Ended


For The

Three Months Ended


February 22, 2010

(inception) throughJune 30,


June 30,


June 30,2012


2011


2012RevenuesRevenues

$
-


$
-


$
-Total revenues


-



-



-General & Administrative ExpensesOrganization and related expenses


12,500



3,270



22,575Total General & Administrative Expenses


12,500



3,270



22,575Net Loss

$
(12,500
)

$
(3,270
)

$
(22,575
)Basic loss per share

$
(0.00
)

$
(0.00
)

$
(0.01
)Basic weighted average number of shares outstanding


2,000,000



2,000,000



2,000,000
  The accompanying notes are an integral part of these condensed financial statements.
 
 F-2
 
 CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 CONDENSED STATEMENTS OF CASH FLOWS
 (UNAUDITED)
 
 For The

Three Months Ended


For The

Three Months Ended


February 22, 2010 (inception) throughJune 30,


June 30,


June 30,2012


2011


2012Cash flows used in operating activities:Net loss

$
(12,500
)

$
(3,270
)

$
(22,575
)Adjustments to reconcile net loss to net cash used in operating activities:Services for stock-related party


-



-



1,000Changes in Assets and Liabilities:(Decrease)/Increase in accrued expense


(2,000
)


-



-Net cash used in operating activities


(14,500
)


(3,270
)


(21,575
)Cash flows provided by financing activities:Advance from stockholder


14,500



3,270



21,575Net cash flows provided by financing activities:


14,500



3,270



21,575Net increase (decrease) in cash


-



-



-Cash and cash equivalents, beginning of period


-



-



-Cash and cash equivalents, end of period

$
-


$
-


$
-Supplemental disclosures of cash flow information:Cash paid during the period

Interest

$
-


$
-


$
-Taxes

$
-


$
-


$
-Non cash Investing and Financing Activities:Common stock issued to founder for services rendered

$
-


$
-


$
1,000Stock subscription received through reduction of amount due to a stockholder

$
-


$
-


$
1,000Waiver of loan by stockholder

$
14,500


$
6,075


$
20,575
  The accompanying notes are an integral part of these condensed financial statements
 
 F-3
 
 CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 NOTES TO CONDENSED FINANCIAL STATEMENTS
 FOR THE THREE MONTHS ENDED JUNE 30, 2012 AND 2011
 AND FOR THE PERIOD FROM INCEPTION (FEBRUARY 22, 2010) THROUGH JUNE 30, 2012
 
 Note 1- Basis of presentation
 
 The accompanying unaudited condensed financial statements of the Corridor Ventures I Acquisition Corp. have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended March 31, 2012.
 
 In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three-month period have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms "Company", "we", "us" or "our" mean Corridor Ventures I Acquisition Corp. included in these financial statements.
 
 Note 2- Organization and Description of Business
 
 Corridor Ventures I Acquisition Corp. (the “Company”), a Nevada “blank check” Company, was incorporated on February 22, 2010. The Company intends to seek a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. The Company currently has no operations.
 
 On March 14, 2011, the Company entered into and closed a securities purchase agreement (the "Purchase Agreement") between the Company, Corridor Ventures, LLC ("Seller") and Asia Junwei Finance Capital Group Company Limited (“Buyer”), pursuant to which, the Seller sold an aggregate of 1,950,000 shares of the Company’s common stock par value, $0.001, to the Buyer for an aggregate purchase price of $10,000.
 
 On May 2, 2012, Corridor Ventures I Acquisition Corp. (the “Company”), Yang Lin and David Waldman (the “Sellers”) and Varian Limited (the “Purchaser”) entered into and closed a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchaser purchased from the Sellers 2,000,000 shares of common stock of the Company, par value $0.001 per share (the “Shares”), representing 100% of the issued and outstanding Shares, for an aggregate purchase price of $21,500 (the “Purchase Price”).
 
 In connection with the closing of the Stock Purchase Agreement, on May 2, 2012, Yang Lin submitted to the Company a resignation letter pursuant to which he resigned from his positions as president, director and chief executive officer of the Company, effective immediately.
 
 On the same day, by a consent to action without meeting by unanimous consent of the board of directors of the Company (the “Board”), the Board accepted the resignation of Yang Lin and appointed Yana Slatina to serve as the sole officer and director of the Company, effective immediately.
 
 Note 3 - Summary of Significant Accounting Policies
 
 Basis of Presentation
 
 The Company has not earned any revenue from operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Company” as set forth in Financial Accounting Standards Board Accounting Standards Codification 915 (“FASB ASC 915”). Among the disclosures required by FASB ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ deficit and cash flows disclose activity since the date of the Company’s inception.
 
 Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.
 
 F-4
  CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 NOTES TO CONDENSED FINANCIAL STATEMENTS
 FOR THE THREE MONTHS ENDED JUNE 30, 2012 AND 2011
 AND FOR THE PERIOD FROM INCEPTION (FEBRUARY 22, 2010) THROUGH JUNE 30, 2012
 
 Note 3 - Summary of Significant Accounting Policies - continued
 
 Estimates
 
 The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
 
 Organizational Costs
 
 Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15 “Start-Up Costs”.
 
 Income Taxes
 
 The Company has adopted the provisions of FASB ASC 740, “Accounting for Income Taxes" which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the condensed financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
 
 Basic Earnings (Loss) Per Share
 
 The computation of income / loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with FASB ASC 260 “Earnings Per Share”. At June 30, 2012 and March 31, 2012, the Company did not have any stock equivalents.
 
 Note 4 - Recent Changes in Accounting Standards
 
 Recent Accounting Pronouncements
 
 The Company does not expect that adoption of recently issued accounting pronouncements will have a material impact on its financial position, results of operations or cash flows.
 
 Note 5 - Going Concern
 
 The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.
 
 F-5
 
 CORRIDOR VENTURES I ACQUISITION CORP.
 (A DEVELOPMENT STAGE COMPANY)
 NOTES TO CONDENSED FINANCIAL STATEMENTS
 FOR THE THREE MONTHS ENDED JUNE 30, 2012 AND 2011
 AND FOR THE PERIOD FROM INCEPTION (FEBRUARY 22, 2010) THROUGH JUNE 30, 2012 AND 2011
 
 Note 6 – Income Taxes
 
 For the three months ended June 30, 2012 and for the year ended March 31, 2012, the Company has incurred net losses and, therefore, has no tax liability.  The net deferred tax asset generated by the loss carry-forward has been fully reserved.  The cumulative net operating loss carry-forward is approximately $22,575 at June 30, 2012, and will expire in the year 2031. The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:
 
 June 30,


March 31,Deferred tax asset attributable to:

2012


2012Net operating loss carryover

$
7,675


$
3,426Valuation allowance


(7,675
)


(3,426
)Net deferred tax asset

$
-


$
-
 
 Realization of deferred tax assets is not expected, as such, a full valuation allowance against the net operating loss carry-forward has been provided as of June 30, 2012 and March 31, 2012.
 
 The Company has elected to classify interest and/or penalties related to an uncertain position, if and when required, as part of other expenses in the statements of operation.  No such amounts have been incurred or accrued through June 30, 2012 by the Company.
 
 For the three months ended June 30, 2012, there is no unrecognized tax benefit. Management does not anticipate any potential future adjustments which would result in a material change to its financial tax position.  As of June 30, 2012, the Company did not accrue any interest and penalties.
 
 Note 7 – Stockholders’ Deficit
 
 The Company’s Articles of Incorporation authorize 200,000,000 shares of $0.001 par value common stock and 10,000,000 shares of $0.001 par value preferred stock. On February 22, 2010, the Company issued 1,000,000 shares of its common stock to the Company’s sole director, President, Treasurer and Secretary and Incorporator, in exchange for services rendered to form and incorporate the Company and develop its business plan and format. The Company valued these shares at the value of services rendered and recorded $1,000 of organizational expenses.  On February 22, 2010 the Company issued 1,000,000 shares of its common stock to the Company’s President, Secretary and Treasurer in exchange for a $1,000 stock subscription receivable. The Company sold the shares at $0.001, the par value of the common stock.
 
 Note 8 – Amount Due to a Stockholder
 
 The amount due to a stockholder at June 30, 2012 was waived by the previous stockholder and was credited to additional paid-in capital to reflect the final capital contribution by previous shareholder right after the closing of stock purchase on May 2, 2012.
 
 F-6





Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.




We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.




We do not currently engage in any business activities that provide cash flow. During the next 12 months we anticipate incurring costs related to filing Exchange Act reports and investigating, analyzing and consummating an acquisition. Currently, our ability to continue as a going concern is dependent upon our ability to generate future profitable operations following a reverse merger transaction and, before such time, to obtain loans or other financing from our sole officer and director, Yana Slatina, one of its or Ms. Slatina’s affiliates, or from third parties. We have not identified any third parties that may be willing to make us loans or provide us with other financing and we believe that it is unlikely that we will be able to identify third parties willing to make loans to us or provide us with other financing at any time prior to a reverse merger transaction with an operating company. We have no identified source of liquidity that can pay for these costs that we expect to incur during the next 12 months other than funds that may be loaned to us or invested in us by Ms. Slatina or her affiliates. Ms. Slatina has indicated that she intends to pay for the expenses necessary for us to operate, including the expenses necessary to file reports with the SEC and to seek out an acquisition target, until we consummate a business combination. Although Ms. Slatina has made such indication, she is not legally committed to make any further loan or investment to us and if she were to stop making loans or investments in amounts necessary to cover our expenses, we would have no other known source of liquidity and would likely have to wind down all operations.




In reviewing potential acquisition targets, we may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital but which desires to establish a public trading market for its shares while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.




Our management has not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.




Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.




We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.




4




Off-Balance Sheet Arrangements




We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.




Critical Accounting Policies




The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Company’s management to make assumptions, estimates and judgments that affect the amounts reported in the financial statements, including the notes thereto, and related disclosures of commitments and contingencies, if any. The Company considers its critical accounting policies to be those that require the more significant judgments and estimates in the preparation of financial statements, including the following:




Estimates




The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.




Organizational Costs




Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15 “Start-Up Costs”.




Income Taxes




The Company has adopted the provisions of FASB ASC 740 “Accounting for Income Taxes", which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.




Item 3. Quantitative And Qualitative Disclosures About Market Risk.




Pursuant to Item 305(e) of Regulation S-K, we are not required to provide the information required by this Item as we are a “smaller reporting company.”




Item 4. Controls And Procedures.




Evaluation of Disclosure Controls and Procedures




We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act). Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.




5




As required by Rule 13a-15(e), our management has carried out an evaluation, with the participation and under the supervision of Yana Slatina, our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of June 30, 2012. Based upon, and as of the date of this evaluation, Ms. Slatina, determined that our disclosure controls and procedures were effective at the reasonable assurance level.




Changes in Internal Control over Financial Reporting




During the fiscal quarter ended June 30, 2012, there were no changes in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.




PART II - OTHER INFORMATION




Item 1. Legal Proceedings




From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.




Item 1A. Risk Factors




As a smaller reporting company, we are not required to make disclosures under this Item 1A.




Item 2. Unregistered Sales of Equity Securities and Use of Proceeds




None.




Item 3. Defaults Upon Senior Securities




None.




Item 4. Mine Safety Disclosures




Not applicable.




Item 5. Other Information




None.




Item 6. Exhibits




(a) Exhibits




ExhibitNumber

Description of Exhibit 31.1

Certification of Principal Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes - Oxley Act of 2002.32.1*

Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002.101.INS**

XBRL Instance Document101.SCH**

XBRL Taxonomy Extension Schema Document101.CAL**

XBRL Taxonomy Extension Calculation Linkbase Document101.DEF**

XBRL Taxonomy Extension Definition Linkbase Document101.LAB**

XBRL Taxonomy Extension Label Linkbase Document101.PRE**

XBRL Taxonomy Extension Presentation Linkbase Document





* The certification attached as Exhibit 32.1 accompanying this Quarterly Report on Form 10-Q and are not deemed filed with the Securities and Exchange Commission.
 
 ** Pursuant to Rule 405(a)(2) of Regulation S-T, the registrant is relying upon the applicable 30-day grace period for the initial filing of its first Interactive Data File required to contain detail-tagged footnotes or schedules. The registrant intends to file the required detail-tagged footnotes or schedules by the filing of an amendment to this Quarterly Report on Form 10-Q within the 30-day period.




6




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.




CORRIDOR VENTURES I ACQUISITION CORP.Date: August 21, 2012
By:
/s/Yana SlatinaYana SlatinaChief Executive Officer, Chief Financial Officer and Director(Principal Executive Officer and Principal Accounting Officer)







7