**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 10 - K/A**

(Mark One)

[ x ]    ANNUAL REPORT UNDER SECTION 13 OR 15 (d)OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Period year ended November 30, 2008

[    ]    TRANSITION REPORT UNDERSECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to___________________

 

Commission file number: **000-51976**

**Monza Ventures Inc.**

**----------------------------------------------**

(Exact name of small business issuer as specified in itscharter)

| **Nevada** | **N/A**				(State or other jurisdiction of incorporation or organization)				(IRS Employer Number)
 

**1018 Huguang Rd., Chang Chung, China, 130012**

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

(Address of principal executive office)

**011-86-43185918321**

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

(Issuer's telephone number)

 

**n/a****-----------------**

(Former name, former address and former fiscal year, ifchanged since last report)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, asdefined in Rule 405 of the Securities Act:

Yes o No x

Indicate by check mark if the registrant is not required to file reportspursuant to Section 13 or Section 15(d) of the Act:

Yes o No x

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 suchfiling requirements for the past 90 days:

Yes x No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item  405 of Regulation S-K is not contained herein, and will not be contained, to the  best of the registrant's knowledge, in definitive proxy or information  statements incorporated by reference in Part III of this Form 10-K or anyamendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer,  an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and"smaller reporting company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer o Accelerated filer o 

Non-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 definedin Rule 12b-2 of the Exchange Act):

Yes x   No o

The aggregate market value of Monza's Common Stock owned by non-affiliatesas of March 19, 2009 was $9,075,000.

Number of shares of each class of Monza Ventures' capital stock outstandingas of March 19, 2009: 10,500,000 shares of common stock

 

1

 

 

**Monza Ventures Inc.**

**FORM 10-K/A**

November 30, 2008 Annual Report on Form 10-K

Table of Contents

 

*Part I*

 Item 1.       Description of Business

Item 1A.    Risk Factors

Item 1B.    Unresolved Staff Comments

 Item 2.       Description of Property

 Item 3.       Legal Proceedings

 Item 4.       Submission of Matters to a vote of Security Holders

*Part II*

Item5.        Market for Registrant's CommonEquity and Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6.       Selected Financial Data

 Item 7.       Management's Discussion and Analysis of Financial Condition and the Results ofOperations

Item 7A.   Quantitative and Qualitative Disclosures About Market Risk

 Item 8.       Financial Statements and Supplementary Data

 Item 9.       Changes In and Disagreements with Accountants on Accounting and FinancialDisclosure

 Item 9A.    Controls and Procedures

 Item 9B.    Other Information

*Part III*

Item  10.      Directors, Executive Officers, Promoters and Control Persons;Compliance with Section 16(a) of the Exchange Act

 Item 11.     Executive Compensation

 Item 12.     Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters

 Item13.      Exhibits and Financial Statements Schedules

 Item 14.     Principal Accountants Fees and Services

 Signatures

  

**Explanatory Note**

Certain informationrequired by Part II, Item 8 of Form 10-K was inadvertently omitted from ourreport on Form 10-K filed on March 19, 2009.  The omitted information isfiled herewith and provided below as required.

FORWARD LOOKING STATEMENTS

CERTAIN STATEMENTS IN THIS ANNUAL REPORT ON FORM 10-K, ORTHE "REPORT," ARE "FORWARD-LOOKING STATEMENTS." THESE FORWARD-LOOKING STATEMENTSINCLUDE, BUT ARE  NOT LIMITED TO, STATEMENTS ABOUT THE PLANS, OBJECTIVES,EXPECTATIONS AND INTENTIONS OF MONZA VENTURES INC., A NEVADA CORPORATION ANDOTHER STATEMENTS CONTAINED IN THIS REPORT THAT ARE NOT HISTORICAL FACTS.FORWARD-LOOKING STATEMENTS IN THIS REPORT OR HEREAFTER INCLUDED IN OTHERPUBLICLY AVAILABLE DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION,OR THE "COMMISSION," REPORTS TO OUR SHAREHOLDERS AND OTHER PUBLICLY AVAILABLESTATEMENTS ISSUED OR RELEASED BY US INVOLVE KNOWN AND UNKNOWN RISKS,UNCERTAINTIES AND OTHER FACTORS WHICH COULD CAUSE OUR ACTUAL RESULTS,PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURERESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED ORIMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FUTURE RESULTS ARE BASED UPONMANAGEMENT'S BEST ESTIMATES BASED UPON CURRENT CONDITIONS AND THE MOST RECENTRESULTS OF OPERATIONS. WHEN USED IN THIS REPORT, THE WORDS "EXPECT," "ANTICIPATE,""INTEND," "PLAN," "BELIEVE," "SEEK," "ESTIMATE" AND SIMILAREXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS,BECAUSE THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. THEREARE IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROMTHOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS, INCLUDING OURPLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS AND OTHER FACTORS.

 

**About Our Company**

MonzaVentures Inc. was incorporated in the state of Nevada on September 6, 2005. Weintend to commence operations as an e-commerce retailer which will offer forsale overstocked inventory items from factories in China over the internet. Theinitial region we plan to market our website to is North America. We currentlyhave signed a contract with a Canadian business development firm to create anddevelop our website. We expect that our website will reach the beta phase ofdevelopment by the end of July 2009. We currently have not advanced beyond thebusiness plan state from our inception until the date of this filing. In orderfor us to begin commercialization of our product, we will need to raiseadditional capital. We currently do not have a specific plan to raise thesefunds. During September of 2005, we received initial funding through the sale ofcommon stock to investors. We do not intend to open any new stores; enter intoany type of new business; or, purchase equipment or other assets in the nexttwelve month period following the date of this prospectus. From inception untilthe date of this filing, we have had no material operating activities. Ourcurrent cash balance is $339. We anticipate that our current cash balance willnot satisfy our cash needs for the following twelve-month period.  

We plan to commence operations as an e-commerce retailer that allowscustomers to purchase overstocked inventory items from factories in China. Theinitial region that we plan to market our website to is North America. Ourwebsite will contain a wide variety of overstocked goods from Chinese factories.Items that can be found on our website will vary depending on what items areover produced by the Chinese factories. As of the date of this prospectus, we dohave any contracts, agreements, and understandings with any manufacturers inChina. We have currently signed a contract with a Canadian business developmentfirm to help us create and develop our website. We are planning to have ourwebsite fully developed and running by the end of July 2009.

This isthe initial stage of our business. *From inception until thedate of this filing, we have had no material operating activities. Our currentcash balance is $339 as of November 30, 2008. We anticipate that our current cashbalance will not satisfy our cash needs for the following twelve-month period.There can be no assurance that we will be successful in finding financing, oreven if financing is found, that we will be successful in achieving profitableoperations.*

*Our principal executiveoffices are located at 202 - 351 No. 13 Mai ZiDian Zao Ying Bei Li, ChaoyangDistrict, Beijing, 100024 and our telephone number is 011-86-43185918321. Ourfiscal year end is November 30th.*

*Purchase of Significant Equipment*

We do not intend to purchase any significant equipment (excludingrestaurant development activities) over the twelve months ending November 30,2009.

*Revenue*

As of the date of this filing, we have not generated any revenues,as we have had no operational activities.

*Insurance*

Currently, we have no insurance coverage

*Employees*

Currently our only employees are our directors and officers. We donot expect any material changes in the number of employees over the next 12month period. We do and will continue to outsource contract employment asneeded. However, with project advancement and if we are successful in ourinitial and any subsequent operations, we may retain additional employees.

**Item 1A:     Risk Factors**

In addition to the other information in this report and our other filings    with the SEC, you should carefully consider the risks described below. These    risks are not the only ones facing us. Additional risks and uncertainties not    presently known to us or that we currently believe to be immaterial may also    impair our business operations. If any of the following risks occur, our    business, financial condition or operating results could be materially and  adversely affected. 

Risks associated with Monza Ventures Inc.:

*Because our auditors have issued a going concern opinion,there is substantial uncertainty we will continue activities in which case youcould lose your investment.*

Our auditors have issued a going concern opinion. This meansthat there is substantial doubt that we can continue as an ongoing business forthe next twelve months. As such we may have to cease activities and you couldlose your investment.

*Because we have not yet commenced operations we face ahigh risk of business failure.*

We were incorporated on September 6, 2005 and to date have beeninvolved primarily in organizational activities. As of the date of this filing,we have not earned any revenues. Accordingly, you can evaluate our business, andtherefore our future prospects, based only on a limited operating history.Potential investors should be aware of the difficulties normally encountered bydevelopment stage companies and the high rate of failure for such enterprises.

*If we are not able to effectively respond to competition,our business may fail.*

There will be many companies in the restaurant industry thatwill compete with us. Most of these competitors have established businesses withreturning customers. We will attempt to compete against these groups by offeringa higher quality of products and services to our customers. However, we cannotassure you that such a strategy will be successful, or that competitors will notcopy our business strategy. Our inability to achieve sales and revenues due tocompetition will have an adverse effect on our business operations and financialcondition.

*Because all of our assets and our officers and directorsare located outside the United States of America, it may be difficult for aninvestor to enforce within the United States any judgments obtained against usor any of our officers and directors.*

All of our assets are located outside of the United Statesand we do not currently maintain a permanent place of business within the UnitedStates. In addition, our directors and officers are nationals and/or residentsof countries other than the United States, and all or a substantial portion ofsuch persons' assets are located outside the United States. As a result, it maybe difficult for an investor to effect service of process or enforce within theUnited States any judgments obtained against us or our officers or directors,including judgments predicated upon the civil liability provisions of thesecurities laws of the United States or any state thereof. In addition, there isuncertainty as to whether the courts of China and other jurisdictions wouldrecognize or enforce judgments of United States courts obtained against us orour director and officer predicated upon the civil liability provisions of thesecurities laws of the United States or any state thereof, or be competent tohear original actions brought in China or other jurisdictions against us or ourdirector and officer predicated upon the securities laws of the United States orany state thereof.

*Because our management only has limited technicaltraining or experience in starting, and operating a restaurant operation,management's decisions and choices may not take into account standard restaurantor managerial approaches hospitality companies commonly use. As a result, we mayhave to suspend or cease activities which will result in the loss of yourinvestment.*

Our management has limited experience with exploring for,starting, and operating a restaurant program. Further, our management has nodirect training or experience in these areas and as a result may not be fullyaware of many of the specific requirements related to working within theindustry. Management's decisions and choices may not take into account standardrestaurant or managerial approaches mineral exploration companies commonly use.Consequently our activities, earnings and ultimate financial success couldsuffer irreparable harm due to management's lack of experience in this industry.As a result we may have to suspend or cease activities which will result in theloss of your investment.

*Because we do not maintain any insurance, if a judgmentis rendered against us, we may have to cease operations.*

We do not maintain any insurance and do not intend tomaintain insurance in the future. Because we do not have any insurance, if weare made a party to a lawsuit, we may not have sufficient funds to defend thelitigation. In the event that we do not defend the litigation or a judgment isrendered against us, we may have to cease operations.

***Risks Associated with Our Common Stock***

*Trading in our common shares on the OTC Bulletin Board islimited and sporadic making it difficult for our shareholders to sell theirshares or liquidate their investments.*

Our common shares are currently listed for public trading onthe OTC Bulletin Board. The trading price of our common shares has been subjectto wide fluctuations. Trading prices of our common shares may fluctuate inresponse to a number of factors, many of which will be beyond our control. Thestock market has generally experienced extreme price and volume fluctuationsthat have often been unrelated or disproportionate to the operating performanceof companies with no current business operation. There can be no assurance thattrading prices and price earnings ratios previously experienced by our commonshares will be matched or maintained. These broad market and industry factorsmay adversely affect the market price of our common shares, regardless of ouroperating performance. 

In the past, following periods of volatility in the marketprice of a company's securities, securities class-action litigation has oftenbeen instituted. Such litigation, if instituted, could result in substantialcosts for us and a diversion of management's attention and resources. 

*Our stock is a penny stock. Trading of our stock may berestricted by the SEC's penny stock regulations which may limit a stockholder'sability to buy and sell our stock.*

Our stock is a penny stock. The Securities and ExchangeCommission has adopted Rule 15g-9 which generally defines "penny stock" to beany equity security that has a market price (as defined) less than $5.00 pershare or an exercise price of less than $5.00 per share, subject to certainexceptions. Our securities are covered by the penny stock rules, which imposeadditional sales practice requirements on broker-dealers who sell to personsother than established customers and "accredited investors". The term"accredited investor" refers generally to institutions with assets in excess of$5,000,000 or individuals with a net worth in excess of $1,000,000 or annualincome exceeding $200,000 or $300,000 jointly with their spouse. The penny stockrules require a broker-dealer, prior to a transaction in a penny stock nototherwise exempt from the rules, to deliver a standardized risk disclosuredocument in a form prepared by the SEC which provides information about pennystocks and the nature and level of risks in the penny stock market. Thebroker-dealer also must provide the customer with current bid and offerquotations for the penny stock, the compensation of the broker-dealer and itssalesperson in the transaction and monthly account statements showing the marketvalue of each penny stock held in the customer's account. The bid and offerquotations, and the broker-dealer and salesperson compensation information, mustbe given to the customer orally or in writing prior to effecting the transactionand must be given to the customer in writing before or with the customer'sconfirmation. In addition, the penny stock rules require that prior to atransaction in a penny stock not otherwise exempt from these rules; thebroker-dealer must make a special written determination that the penny stock isa suitable investment for the purchaser and receive the purchaser's writtenagreement to the transaction. These disclosure requirements may have the effectof reducing the level of trading activity in the secondary market for the stockthat is subject to these penny stock rules. Consequently, these penny stockrules may affect the ability of broker-dealers to trade our securities. Webelieve that the penny stock rules discourage investor interest in and limit themarketability of our common stock. 

*The Financial Industry Regulatory Authority, or FINRA,has adopted sales practice requirements which may also limit a stockholder'sability to buy and sell our stock.*

In addition to the "penny stock" rules described above, FINRAhas adopted rules that require that in recommending an investment to a customer,a broker-dealer must have reasonable grounds for believing that the investmentis suitable for that customer. Prior to recommending speculative low pricedsecurities to their non-institutional customers, broker-dealers must makereasonable efforts to obtain information about the customer's financial status,tax status, investment objectives and other information. Under interpretationsof these rules, FINRA believes that there is a high probability that speculativelow priced securities will not be suitable for at least some customers. FINRArequirements make it more difficult for broker-dealers to recommend that theircustomers buy our common stock, which may limit your ability to buy and sell ourstock and have an adverse effect on the market for our shares. 

**Item 2:    Description of Property**

*Executive Offices*

Our principal offices are located at 1018Huguang Rd., Chang Chung, China, 130012, , Beijing,100024. Our telephone number at our principal office is 011-86-43185918321. We believe that our office space and facilities are sufficient to meet ourpresent needs and do not anticipate any difficulty securing alternative oradditional space, as needed, on terms acceptable to us.

**Item 3:     Legal Proceedings**

There are no existing, pending or threatened legal proceedings involving MonzaVentures Inc., or against any of our officers or directors as a result of theirinvolvement with the Company. 

 

**Item 4:      Submission of Matters to a Vote ofSecurity Holders**

There were no matters submitted to a vote of security holders during thefiscal period ended November 30, 2008.

 

***PART II***

**Item 5:    Market for Common Equity, RelatedStockholder Matters and Small Business Issuer Purchases of Equity Securities**

The Company's Common stock is presently listed on the OTCBulletin Board under the symbol "MZAV". Our common stock has been listed on the OTC BulletinBoard since May 2008. 

The following table reflects the high and low bid informationfor our common stock obtained from Stockwatch and reflects inter-dealer prices,without retail mark-up, markdown or commission, and may not necessarilyrepresent actual transactions.

The high and low bid prices of our common stock for theperiods indicated below are as follows:

**National Association of Securities Dealers****OTC Bulletin Board****Quarter End****High****Low**May 31, 2008$1.95$1.85August 31st, 2008$1.85$10.25November 30, 2008$10.25$10.25
As of November 30, 2008, there were approximately 29 stockholders of record of the Company'sCommon Stock. As of such date, 10,500,000 common shares were issued andoutstanding.

Our common shares are issued in registered form. SignatureStock Transfer Inc.,2220 Coit Rd, Ste 480, Plano TX, 75075-3762 is the registrar andtransfer agent for our common shares.

The Company has not paid any cash dividends to date, and it has no intentionof paying any cash dividends on its common stock in the foreseeable future. Thedeclaration and payment of dividends is subject to the discretion of its Boardof Directors. The timing, amount and form of dividends, if any, will depend on,among other things, results of operations, financial condition, cashrequirements and other factors deemed relevant by the Board of Directors.    

There are no outstanding options or warrants or convertible securities topurchase our common equity.      

The Company has never issued securities under and does not have any equitycompensation plan.

We did not purchase any of our shares of common stock or other securitiesduring our fiscal year ended November 30, 2008.

**Item 6:     Selected Financial Data**
 **As of****As of****As of****As of** **November 30, 2008****November 30, 2007****November 30, 2006****November 30, 2005****Balance Sheet**    			Total Assets			$339			$7,976			$5,490			$1,873			Total Liabilities			$71,405			$51,596			$27,685			$1,000			Stockholders Equity (Deficit)			($71,066)			($43,620)			$(22,195)			$873      **For the****For the****For the****From Inception** **Year ended****Year Ended****Year Ended****to** **November 30, 2008****November 30, 2007****November 30, 2006****November 30, 2005****Income Statement**    			Revenues			$ -			$ -			$ -			$ -			Total Expenses			$30,127			$23,659			$23,068			$23,127			Net Loss			($30,127)			($23,659)			($23,068)			($23,127)     
 

**Item 7:     Management's Discussion and Analysis orPlan of Operation**

*The following is a discussionand analysis of our plan of operation for the next year ended November 30,2009, and the factors that could affect our future financial condition and planof operation.*

*This discussion and analysisshould be read in conjunction with our financial statements and the notesthereto included elsewhere in this annual report. Our financial statements areprepared in accordance with United States generally accepted accountingprinciples. All references to dollar amounts in this section are in UnitedStates dollars unless expressly stated otherwise. Please see our "Risk Factors"for a list of our risk factors.*

*Cash Requirements*

MonzaVentures Inc. was incorporated in the state of Nevada on September 6, 2005. Weintend to commence operations as an e-commerce retailer which will offer forsale overstocked inventory items from factories in China over the internet. Theinitial region we plan to market our website to is North America. We currentlyhave signed a contract with a Canadian business development firm to create anddevelop our website. We expect that our website will reach the beta phase ofdevelopment by the end of July 2009. We currently have not advanced beyond thebusiness plan state from our inception until the date of this filing. In orderfor us to begin commercialization of our product, we will need to raiseadditional capital. 

We currently have not advanced beyond thebusiness plan state from our inception until the date of this filing. Frominception until the date of this filing, we have had no material operatingactivities. Our current cash balance is $339. We anticipate that our current cashbalance will not satisfy our cash needs for the following twelve-month period.There can be no assurance that we will be successful in finding financing, oreven if financing is found, that we will be successful in proceeding withprofitable operations.

Not accounting for our working capital deficit of $66,066, werequire additional funds of approximately $25,000 at a minimum to proceed withour plan of operation over the next twelve months, exclusive of any capitalinvestments. As we do not have the funds necessary to cover our projectedoperating expenses for the next twelve month period, we will be required toraise additional funds through the issuance of equity securities, through loansor through debt financing. There can be no assurance that we will be successfulin raising the required capital or that actual cash requirements will not exceedour estimates. 

Our auditors have issued a going concern opinion for the yearended November 30, 2008. This means that there is substantial doubt that we cancontinue as an on-going business for the next twelve months unless we obtainadditional capital to pay our bills. This is because we have not generated anysignificant revenues and no significant revenues are anticipated until ourcommercial operations begin. As we had cash in the amount of $339 and a workingcapital deficit in the amount of $66,066 as of November 30, 2008, we do nothave sufficient working capital to enable us to carry out our stated plan ofoperation for the next twelve months. We will require additional funds toimplement our operations. These funds may be raised through equity financing,debt financing, or other sources, which may result in further dilution in theequity ownership of our shares. We currently do not have any arrangements inplace for the completion of any debt financings or private placement financingsand there is no assurance that we will be successful in completing any debtfinancing or private placement financing.

**Estimated Net Expenditures During the Next TwelveMonths**
General and administrative $ 8,000 Rent $12,000  Professional fees $ 5,000  **Total****$**** 25,000** 
*Liquidity and Capital Resources*

As of the date of this annual report, we have not generatedany revenues from our business activities.

As of November 30, 2008, our total assets were $339 andour total liabilities were $71,405 and we had a working capital deficit of$66,066. Our financial statements report a net loss of $30,127 for the yearended November 30, 2008, and a net loss of $94,981 for the period fromSeptember 6, 2005 (date of incorporation) to November 30, 2008. Our losses have increasedprimarily as a result of professional fees and office facility costs incurred.Our net loss from operations increased to $30,127 for the year ended November30, 2008, as compared to $23,659 for the year endedNovember 30, 2007.

The continuation of our business is dependent upon obtainingfurther financing, a successful implementation of our business plan, and,finally, achieving a profitable level of operations. The issuance of additionalequity securities by us could result in a significant dilution in the equityinterests of our current stockholders. Obtaining commercial loans, assumingthose loans would be available, will increase our liabilities and future cashcommitments. 

There are no assurances that we will be able to obtainfurther funds required for our continued operations. As noted herein, we arepursuing various financing alternatives to meet our immediate and long-termfinancial requirements. 

There can be no assurance that additional financing will beavailable to us when needed or, if available, that it can be obtained oncommercially reasonable terms. If we are not able to obtain the additionalfinancing on a timely basis, we will be unable to conduct our operations asplanned, and we will not be able to meet our other obligations as they becomedue. In such event, we will be forced to scale down or perhaps even cease ouroperations.

*Purchase of Significant Equipment*

We do not intend to purchase any significant equipment overthe twelve months ending November 30, 2009. 

*Employees*

Currently our only employees are our directors and officers.We do not expect any material changes in the number of employees over the next12 month period. We do and will continue to outsource contract employment asneeded.

*Going Concern*

We have suffered recurring losses from operations. Thecontinuation of our company as a going concern is dependent upon our companyattaining and maintaining profitable operations and raising additional capital.The financial statements do not include any adjustment relating to the recoveryand classification of recorded asset amounts or the amount and classification ofliabilities that might be necessary should our company discontinue operations.

Due to the uncertainty of our ability to meet our currentoperating expenses and the capital expenses noted above, in their report on theannual financial statements for the year ended November 30, 2008, ourindependent auditors included an explanatory paragraph regarding the substantialdoubt about our ability to continue as a going concern. Our financial statementscontain additional note disclosures describing the circumstances that lead tothis disclosure by our independent auditors.

The continuation of our business is dependent upon us raisingadditional financial support. The issuance of additional equity securities by uscould result in a significant dilution in the equity interests of our currentstockholders. Obtaining commercial loans, assuming those loans would beavailable, will increase our liabilities and future cash commitments.

**Item 8:    Financial Statements**

The financial statements required to be filed pursuant to this Item 8 beginon page F-1 of this report.

**Item 9:    Changes In Disagreements With Accountants onAccounting and Financial Disclosure**

None

***Item 9A: Controls and Procedures***

***Management's Report on Disclosure Controls andProcedures***

***Our management has evaluated, under thesupervision and with the participation of our chief executive officer and chieffinancial officer, the effectiveness of our disclosure controls and proceduresas of the end of the period covered by this report pursuant to Rule 13a-15(b)under the Securities Exchange Act of 1934 ("the Exchange Act").   Based on thatevaluation, our chief executive officer and chief financial officer haveconcluded that, as of the end of the period covered by this report, ourdisclosure controls and procedures are not effective in ensuring thatinformation required to be disclosed in our Exchange Act reports is (1)recorded, processed, and summarized and reported with the time periods specifiedin the Securities and Exchange Commission's rules and forms and (2) accumulatedand communicated to our management, including our chief executive officer andchief financial officer, as appropriate to allow timely decisions regardingrequired disclosure.***

***Management's Report on Internal Control overFinancial Reporting***

***Our management is responsible for establishingand maintaining adequate internal control over financial reporting (as definedin Rule 13a-15(f) under the Securities Exchange Act, as amended). In fulfillingthis responsibility, estimates and judgments by management are required toassess the expected benefits and related costs of control procedures. Theobjectives of internal control include providing management with reasonable, butnot absolute, assurance that assets are safeguarded against loss fromunauthorized use or disposition, and that transactions are executed inaccordance with management's authorization and recorded properly to permit thepreparation of consolidated financial statements in conformity with accountingprinciples generally accepted in the United States. Our management assessed theeffectiveness of our internal control over financial reporting as of November 30, 2008. In making this assessment, our management used the criteria set forthby the Committee of Sponsoring Organizations of the Treadway Commission ("COSO")in Internal Control-Integrated Framework. Our management has concluded that, asof November 30, 2008, our internal control over financial reporting iseffective in providing reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for externalpurposes in accordance with US generally accepted accounting principles.***

***This annual report does not include anattestation report of our company's registered public accounting firm regardinginternal control over financial reporting. Management's report was not subjectto attestation by our company's registered public accounting firm pursuant totemporary rules of the Securities and Exchange Commission that permit ourcompany to provide only management's report in this annual report.***

***Changes in Internal Control over FinancialReporting***

There have been no significant changes in our internal  controls over financial reporting that occurred during the year ended November30, 2008 that have materially or are reasonably likely to materially affect, our  internal controls over financial reporting.

***Inherent limitations on effectiveness of controls***

***Internal control over financial reporting hasinherent limitations which include but is not limited to the use of independentprofessionals for advice and guidance, interpretation of existing and/orchanging rules and principles, segregation of management duties, scale oforganization, and personnel factors. Internal control over financial reportingis a process which involves human diligence and compliance and is subject tolapses in judgment and breakdowns resulting from human failures. Internalcontrol over financial reporting also can be circumvented by collusion orimproper management override. Because of its inherent limitations, internalcontrol over financial reporting may not prevent or detect misstatements on atimely basis, however these inherent limitations are known features of thefinancial reporting process and it is possible to design into the processsafeguards to reduce, though not eliminate, this risk. Therefore, even thosesystems determined to be effective can provide only reasonable assurance withrespect to financial statement preparation and presentation. Projections of anyevaluation of effectiveness to future periods are subject to the risk thatcontrols may become inadequate because of changes in conditions, or that thedegree of compliance with the policies or procedures may deteriorate.***

 

***PART III***

 

**Item 10:    Directors, ExecutiveOfficers, Promoters and Control Persons; Compliance with Section 16(a) of theExchange Act**

**Officers and Directors**

Each of our directors serves until his or her successor is elected andqualified. Each of our officers is elected by the board of directors to a termof one (1) year and serves until his or her successor is duly elected andqualified, or until he or she is removed from office. The board of directors hasno nominating, auditing or compensation committees.

The name, age, and position of our present officers anddirectors are set forth below:
**Name****Age****Position Held**Chen Wang 46President, Principal Executive Officer, Principal Financial			Officer, Principal Accounting Officer, Treasurer, Secretary, and			DirectorPeng Jian Zhi38DirectorYuan Wei24Director
Each director serves until our next annual meeting of the stockholders orunless they resign earlier. The Board of Directors elects officers and theirterms of office are at the discretion of the Board of Directors.

**Background of officers and directors**

In 2006, Mr.Chen Wang has over 20 years of experience as amanagement consultant, specializing in the field of manufacturing. For the lastfive years, Mr. Wang has been self employed as a consultant to domestic PRCmanufacturers.

Mr. Peng Jian Zhi has over 15 years ofexperience as an importer/exporter of retail goods in Asia. For the last fiveyears, Mr. Zhi has been self employed and serves as a consultant to domestic PRCfirms seeking advice on sourcing and procurement of goods.

Mr. Yuan Wei has over 7 years ofexperience with Internet start up companies in various capacities, from computerprogrammer to an executive management role. For the last five years, Mr. Wei hasbeen a sole proprietor of an E-Commerce consulting company operated under hisown name in China. 

*Other Committees of the Board*

*Compensation Committee*

We do not have a compensation committee. 

*Nominating Committee*

We do not have a Nominating Committee, our entire board ofdirectors perform the functions of a Nominating Committee and oversee theprocess by which individuals may be nominated to our board of directors.

The current size of our board of directors does notfacilitate the establishment of a separate committee. We hope to establish aseparate Nominating Committee consisting of independent directors, if the numberof our directors is expanded.

*Family Relationships*

There are no family relationships between any director orexecutive officer.

*Involvement in Certain Legal Proceedings*

Our directors, executive officers and control persons havenot been involved in any of the following events during the past five years:
1. 
any bankruptcy petition filed by or against any		business of which such person was a general partner or executive officer		either at the time of the bankruptcy or within two years prior to that		time;  2. 
any conviction in a criminal proceeding or being		subject to a pending criminal proceeding (excluding traffic violations		and other minor offenses);  3. 
being subject to any order, judgment, or decree, not		subsequently reversed, suspended or vacated, of any court of competent		jurisdiction, permanently or temporarily enjoining, barring, suspending		or otherwise limiting his involvement in any type of business,		securities or banking activities; or  4. 
being found by a court of competent jurisdiction (in		a civil action), the Securities and Exchange Commission or the Commodity		Futures Trading Commission to have violated a federal or state		securities or commodities law, and the judgment has not been reversed,		suspended, or vacated.
 

*Section 16(a) Beneficial Ownership Compliance*

Section 16(a) of the Securities Exchange Act requires ourexecutive officers and directors, and persons who own more than 10% of ourcommon stock, to file reports regarding ownership of, and transactions in, oursecurities with the Securities and Exchange Commission and to provide us withcopies of those filings. Based solely on our review of the copies of such formsreceived by us, or written representations from certain reporting persons, webelieve that during fiscal year ended November 30, 2008, all filingrequirements applicable to its officers, directors and greater than 10% percentbeneficial owners were complied with, with the exception of the following:
**Name****Number of Late****Reports****Number of Transactions Not****Reported on a Timely Basis****Failure to File****Requested Forms**Chen WangNil Nil Nil Peng Jian ZhiNilNilNilYuan WeiNil Nil Nil Andrew WongNilNilNil
*Nomination Process*

As of March 17, 2009, we did not effect any materialchanges to the procedures by which our shareholders may recommend nominees toour board of directors. Our board of directors does not have a policy withregards to the consideration of any director candidates recommended by ourshareholders. Our board of directors has determined that it is in the bestposition to evaluate our company's requirements as well as the qualifications ofeach candidate when the board considers a nominee for a position on our board ofdirectors. If shareholders wish to recommend candidates directly to our board,they may do so by sending communications to the President of our company at theaddress on the cover of this annual report.

*Audit Committee and Audit Committee Financial Expert*

We do not have a standing audit committee at the presenttime. Our board of directors has determined that we do not have a board memberthat qualifies as an "audit committee financial expert" as defined in Item401(e) of Regulation S-B, nor do we have a board member that qualifies as"independent" as the term is used in Item 7(d) (3) (iv) of Schedule 14A underthe Securities Exchange Act of 1934, as amended.

We believe that the members of our board of directors arecapable of analyzing and evaluating our financial statements and understandinginternal controls and procedures for financial reporting. The board of directorsof our company does not believe that it is necessary to have an audit committeebecause we believe that the functions of an audit committee can be adequatelyperformed by the board of directors, consisting of Michael Hill and OscarFernandez. In addition, we believe that retaining an independent director whowould qualify as an "audit committee financial expert" would be overly costlyand burdensome and is not warranted in our circumstances given the early stagesof our development and the fact that we have not generated any revenues fromoperations to date.

**Code of Ethics**

The Company has adopted code of ethics for all of theemployees, directors and officers which is attached to this Annual Report asExhibit 14.1.

**Item 11:    Executive Compensation**

*Executive Compensation*

The particulars of compensation paid to the followingpersons:
(a) 
our principal executive officer;  (b) 
each of our two most highly compensated executive		officers who were serving as executive officers at the end of the year		ended November 30, 2008; and  (c) 
up to two additional individuals for whom disclosure		would have been provided under (b) but for the fact that the individual		was not serving as our executive officer at the end of the year ended		November 30, 2008,
who we will collectively refer to as our named executiveofficers, of our company for the years ended November 30, 2008 and November 30, 2007, are set out in the following summary compensation table, except thatno disclosure is provided for any named executive officer, other than ourprincipal executive officer, whose total compensation does not exceed $100,000for the respective fiscal year: 
**SUMMARY COMPENSATION TABLE****Name****and Principal****Position****Year****Salary****($)****Bonus****($)****Stock****Awards****($)****Option****Awards****($)****Non-Equity****Incentive****Plan****Compensa-****tion****($)****Change in****Pension****Value and****Nonqualified****Deferred****Compensation****Earnings****($)****All****Other****Compensa-****tion****($)****Total****($)**Chen Wang (1) *President,**Chief**Executive Officer,**Secretary**and**Treasurer*2008$Nil$Nil$Nil$Nil$Nil$Nil$Nil$NilAndrew Wong (2) *Former President,**Chief**Executive Officer,**Secretary**and**Treasurer*2008
2007$Nil
$Nil$Nil
$Nil$Nil
$Nil$Nil
$Nil$Nil
$Nil$Nil
$Nil

 $Nil
$Nil$Nil
$Nil  
There are no compensatory plans or arrangements with respectto our executive officers resulting from their resignation, retirement or othertermination of employment or from a change of control.

*Outstanding Equity Awards at Fiscal Year-End*

As at November 30, 2008, there were no unexercised optionsor stock that had not vested in regards to our executive officers, and therewere no equity incentive plan awards for our executive officers during the yearended November 30, 2008.

*Options Grants in the Year Ended November30, 3008*

During the year ended November 30, 2008, no stock optionswere granted to our executive officers.

*Aggregated Options Exercised in the Year EndedNovember 30, 2008 and Year End Option Values*

There were no stock options exercised during the year endedNovember 30, 2008 and no stock options held by our executive officers at theend of the year ended November 30, 2008.

*Repricing of Options/SARS*

We did not reprice any options previously granted to ourexecutive officers during the year ended November 30, 2008

*Director Compensation*

Directors of our company may be paid for their expensesincurred in attending each meeting of the directors. In addition to expenses,directors may be paid a sum for attending each meeting of the directors or mayreceive a stated salary as director. No payment precludes any director fromserving our company in any other capacity and being compensated for suchservice. Members of special or standing committees may be allowed similarreimbursement and compensation for attending committee meetings. During the yearended November 30, 2008, we did not pay any compensation or grant any stockoptions to our directors.

**Indemnification**

Under our Articles of Incorporation and Bylaws of the corporation, we mayindemnify an officer or director who is made a party to any proceeding,including a law suit, because of his position, if he acted in good faith and ina manner he reasonably believed to be in our best interest. We may advanceexpenses incurred in defending a proceeding. To the extent that the officer ordirector is successful on the merits in a proceeding as to which he is to beindemnified, we must indemnify him against all expenses incurred, includingattorney's fees. With respect to a derivative action, indemnity may be made onlyfor expenses actually and reasonably incurred in defending the proceeding, andif the officer or director is judged liable, only by a court order. Theindemnification is intended to be to the fullest extent permitted by the laws ofthe State of Nevada. 

Regarding indemnification for liabilities arising under the Securities Act of1933, which may be permitted to directors or officers under Nevada law, we areinformed that, in the opinion of the Securities and Exchange Commission,indemnification is against public policy, as expressed in the Act and is,therefore, unenforceable.

**Item 12: Security Ownership of Certain Beneficial Ownersand Management and Related Stockholder Matters**

The following table sets forth, as of March 17, 2009, certain information withrespect to the beneficial ownership of our common stock by each stockholderknown by us to be the beneficial owner of more than 5% of our common stock andby each of our current directors and executive officers. Each person has solevoting and investment power with respect to the shares of common stock.Beneficial ownership consists of a direct interest in the shares of commonstock, except as otherwise indicated. The address for each person is our addressat 1018 Huguang Rd., Chang Chung, China, 130012, , Beijing, 100024.
**Name and Address of Beneficial Owner****Amount and Nature of****Beneficial Ownership****Percentage****of Class(1)**Chen WangNil 0% *Directors and Executive Officers as a Group*Nil0.%
*Change in Control*

We are not aware of any arrangement that might result in achange in control of our company in the future.

*Equity Plan Compensation Information*

Our company does not currently have a stock option plan orother form of equity plan.

*Certain Relationships and Related Transactions*

No director, executive officer, principal shareholder holding at least 5% ofour common shares, or any family member thereof, had any material interest,direct or indirect, in any transaction, or proposed transaction, during the yearended November 30, 2008, in which the amount involved in the transaction exceededor exceeds the lesser of $120,000 or one percent of the average of our totalassets at the year end for the last three completed fiscal years.

*Corporate Governance*

We do not have a standing audit committee at the presenttime. Our board of directors has determined that we do not have a board memberthat qualifies as an "audit committee financial expert" as defined in Item407(d) (5) (ii) of Regulation S-B. We have determined, however, that Chen Wang,Peng Jian Zhi, and Yuan Wei are an independent directors as defined in section 803 of the Amex CompanyGuide.

We believe that our members of our board of directors arecapable of analyzing and evaluating our financial statements and understandinginternal controls and procedures for financial reporting. The board of directorsof our company does not believe that it is necessary to have an audit committeebecause we believe that the functions of an audit committee can be adequatelyperformed by the board of directors. In addition, we believe that retaining anindependent director who would qualify as an "audit committee financial expert"would be overly costly and burdensome and is not warranted in our circumstancesgiven the early stages of our development and the fact that we have notgenerated any revenues from operations to date.

*Transactions with Independent Directors*

There were no transactions with any independent directors.

 

***Item 13: Exhibits***

*Exhibit No.                             Description*

3.1*                                        Articles of Incorporation of the Company (incorporated by reference to the FormSB-2 filed with the Securities and Exchange Commission on January 4, 2006)

3.2*                                        Bylaws of the Company (incorporated by reference to the Form SB-2 filed with theSecurities and Exchange Commission on January 4, 2006)   

10.1*                                      Asset Purchase Agreement (incorporated by reference to the Form SB-2 filed withthe Securities and Exchange Commission on January 4, 2006)

14                                           Code of Ethics

31                                           Certification of the Chief Executive Officer and Chief Financial Officerpursuant to Rule 13a-14 of the Securities and Exchange Act of 1934 as amended,as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32                                          Certification of the Chief Executive Officer and Chief Financial Officerpursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of theSarbanes-Oxley Act of 2002

 

**Item 14: Principal Accountant Fees and Services**

1) Audit Fees

The aggregate fees billed for the last two fiscal years for professionalservices rendered by the principal accountant for the audit of the Company'sannual financial statements and review of financial statements included in theCompany's Form 10-Qs or services that are normally provided by the accountant inconnection with statutory and regulatory engagements for those fiscal years was:

2008 - $4,700          M&K CPAS,PLLC

2007 - $3,300          M&K CPAS,PLLC 

 

2) Audit - Related Fees

The aggregate fees billed in each of the last two fiscal years for assuranceand related services by the principal accountants that are reasonably related tothe performance of the audit or review of the Company's financial statements andare not reported in the preceding paragraph:

2008 - $0                M&K CPAS, PLLC 

2007 - $0                M&K CPAS, PLLC 

 

3) Tax Fees

The aggregate fees billed in each of the last two fiscal years forprofessional services rendered by the principal accountant for tax compliance,tax advice, and tax planning was:

2008 - $0                M&K CPAS, PLLC 

2007 - $0                M&K CPAS, PLLC 

4) All Other Fees

The aggregate fees billed in each of the last two fiscal years for theproducts and services provided by the principal accountant, other than theservices reported in paragraphs (1), (2), and (3) was:

2008 - $0                    M&K CPAS, PLLC

2007 - $0                    M&K CPAS, PLLC

           

 

 

 

12

 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the SecuritiesExchange Act of 1934, the Registrant has duly caused this report to be signed onits behalf by the undersigned, thereunto duly authorized on this 10th day ofMay, 2009

**Monza Ventures Inc.**

(Registrant)

By: /s/ _Chen Wang

Chen Wang

President and Chief ExecutiveOfficer

Pursuant to the requirements of the Securities Exchange Act of 1934, thisreport has been signed below by the following persons on behalf of theregistrant and in the capacities and on the dates indicated:
**Signature****Title****Date**/s/ Chen WangPresident, CEO, Secretary, Treasurer and Director
May 10, 2009Chen Wang     
 

 

**Monza Ventures Inc.**

**(A Development Stage Company)**

**INDEX TO FINANCIAL STATEMENTS**

 
			Report of Independent Registered Public Accounting Firm   			Balance Sheets for the fiscal years ended November 30, 2008 and			2007			F-2  			Statements of Operations for the fiscal year ended November 30,			2008 and 2007 and the period from September 6, 2005 (inception) through			November 30, 2008			F-3  			Statements of Cash Flows for the fiscal year ended November 30,			2008 and 2007 and the period from September 6, 2005 (inception) through			November 30, 2008			F-4  			Statements of Stockholder's Equity (Deficit) for the period from			September 6, 2005 (inception) through November 30, 2008			F-5  			Notes to Financial Statements 			F-6
 

 

**To the Board of Directors**

**Monza Ventures Inc.**

 
Wehave audited the accompanying balance sheets of Monza Ventures Inc. (adevelopment stage company) as of November 30, 2008 and 2007, and the relatedstatements of expenses, changes in stockholders' equity (deficit), and cashflows for the years then ended, and the period from September 6, 2005(inception) through November 30, 2008. These financial statements are theresponsibility of the Company's management. Our responsibility is to express anopinion on these financial statements based on our audits. 

 

Weconducted our audits in accordance with the standards of the Public CompanyAccounting Oversight Board (United States). Those standards require that we planand perform the audit to obtain reasonable assurance about whether the financialstatements are free of material misstatement. The Company is not required tohave, nor were we engaged to perform, an audit of its internal control overfinancial reporting. Our audit included consideration of internal control overfinancial reporting as a basis for designing audit procedures that areappropriate in the circumstances, but not for the purpose of expressing anopinion on the effectiveness of the Company's internal control over financialreporting. Accordingly, we express no such opinion. An audit also includesexamining, on a test basis, evidence supporting the amounts and disclosures inthe financial statements, assessing the accounting principles used andsignificant estimates made by management, as well as evaluating the overallfinancial statement presentation. We believe that our audit provides areasonable basis for our opinion. 

 

Inour opinion, the financial statements referred to above present fairly, in allmaterial respects, the financial position of Monza Ventures Inc. and as ofNovember 30, 2008 and 2007, and the results of its operations, changes instockholders' equity (deficit) and cash flows for the periods described above inconformity with accounting principles generally accepted in the United States ofAmerica. 

 

Theaccompanying financial statements have been prepared assuming that the Companywill continue as a going concern. As discussed in Note 2 to the financialstatements, the Company has suffered recurring losses from operations, whichraises substantial doubt about its ability to continue as a going concern.Management's plans regarding those matters also are described in Note 2. Thefinancial statements do not include any adjustments that might result from theoutcome of this uncertainty. 

  

/s/ M&K CPAS, PLLC 

  

www.mkacpas.com 

Houston, Texas 

March 13, 2009 

F-1

 

 

 

   

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Balance Sheets**

 
  			November 30, 2008			November 30, 2007
**ASSETS****Current Assets**     Cash and Cash Equivalents$              			339$             			2,976**Total			Current Assets**			339			2,976   Website Development Costs-5,000 -5,000   **TOTAL ASSETS**			$     339			$     7,976 			========			======== 
**LIABILITIES AND STOCKHOLDERS' DEFICIT**   **Current Liabilities**  Accounts			Payable and Accrued Liabilities			$    3,199			$    2,590			Due to Related Parties			31,000			19,000			Loan from Related Party			37,206			30,006**TOTAL			CURRENT LIABILITIES**			71,405			51,596** **  **Stockholders' Deficit**  Common Stock  Authorized: 75,000,000 Common Shares at			$0.001 par value  Issued and Outstanding: 10,500,000			Common Shares10,50010,500Additional paid-in capital18,41515,734			(Deficit) accumulated during the development stage			(99,981)			(69,854)**TOTAL STOCKHOLDERS' DEFICIT**			(71,066)			(43,620   **TOTAL LIABILITIES AND STOCKHOLDERS'			DEFICIT**$ 339$ 7,976 =================   
**See Accompanying Summary of Accounting				Policies and Notes to Financial Statements**		 
 

F-2

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Statements of Operations**

 
 **For the Year Ended****September 6, 2005 (Inception), to November 30, 2008** **November 30,** **2008****2007****General and Administrative					Expenses**   Filing Fees$   					1,080$   					1,054$   					 3,280					Bank Charges					181					120					590					Professional Fees					9,185					8,251					48,196					Interest Expense					2,681					2,234					4,915					Rent					12,000					12,000					38,000					Website Development					5,000					-					5,000					 					(30,127)					(23,659)					(99,981)					 					 					 					 					Net (loss) for the period					$   (30,127)					$   (23,659)					$   (99,981) 					==========					==========					=========    **Net Loss per Common Share**   										Basic and diluted					$      (0.00)					$      (0.00)     **Weighted Average Number of Shares Outstanding**   										Basic and diluted					10,500,000					10,500,000 				 
**See Accompanying Summary of Accounting				Policies and Notes to Financial Statements**
 

F-3

 

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Statements of Cash Flows**

 
 **For the Year Ended****September 6, 2005 (Inception), to November 30, 2008** **November 30,** **2008****2007****Cash Flows from Operating					Activities**   					Net (loss) for the period					$    (30,127)					$        (23,659)					$    (99,981)					Imputed interest on related party transactions					2,681					2,234					4,915*Changes in non-cash working capital items*   					Accounts payable and accrued liabilities					12,603					2,511					34,199**Net Cash Flow Used in Operating Activities**					(14,843)					(18,914)					(60,867)    **Cash Flows from Investing Activities**   Website					development					5,000					-					-**Net Cash Flow Used in Investing					Activities**---    **Cash Flows from Financing					Activities**   Advances from related party7,20621,40037,206					Issuance of common stock					-					-					24,000**Net Cash Provided by Financing Activities**					7,206					21,400					61,206    **Cash increase (decrease)					During the Period**(2,637)2,486339    **Cash, Beginning of Period**					2,976					490					-**Cash, End of Period**					$          					339					$         2,976					$          339 ==========================    **Supplemental Disclosures of					Cash Flow Information**       **Cash Paid for interest**---**Cash Paid for income tax**---    
**See Accompanying Summary of Accounting					Policies and Notes to Financial Statements**
F-4

 

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Statements of Stockholders' Equity (Deficit)**

**From September 6, 2005 (Inception) toNovember 30, 2008**
 Common StockAdditionalDeficit Accumulated			During the Total Stockholder's 			Shares			Amount			Paid In Capital			Development Stage			Equity (Deficit)      Common stock issued for cash:     - at $0.001 per share, September 9, 20055,000,000$      5,000$                			- $              			- $           5,000- at $0.001 per share, September 12, 20054,000,0004,000--4,000- at $0.01 per share, September 13, 20051,500,0001,50013,500-15,000 			 			 			 			 			 			Comprehensive income (loss)			 			 			 			 			 			- Net loss for the period 			 			 			 			(23,127)			(23,127)**Balance, November 30, 2005**10,500,00010,50013,500(23,127)873      			Comprehensive income (loss)			 			 			 			 			 			- Net loss for the period 			 			 			 			(23,068)			(23,068)**Balance, November 30, 2006**10,500,00010,50013,500(46,195)(22,195)      			Imputed interest on shareholder loan			-			-			2,234			-			2,234      			Comprehensive income (loss)			 			 			 			 			 			- Net loss for the period 			 			 			 			(23,659)			(23,659)**Balance, November 30, 2007**10,500,00010,50015,734(69,854)(43,620)      			Imputed interest on shareholder loan			-			-			2,681			-			2,681      			Comprehensive income (loss)			 			 			 			 			 			- Net loss for the period 			 			 			 			(30,127)			(30,127)**Balance, November 30, 2008**10,500,00010,50018,415(99,981)(71,066)      
**See Accompanying Summary of Accounting					Policies and Notes to Financial Statements**
 

 

F-6

 

Monza Ventures Inc. 

(A Development Stage Company)

Notes to the Financial Statements

 
**NOTE 1        SUMMARY OF SIGNIFICANTACCOUNTING POLICIES**
The Company is a development stage company which was incorporated in theState of Nevada on September 6, 2005. The Company intends to commence operationsas an e commerce retailer of overstock items through a website on the internet.
**Basis of Presentation**
The Company follows accounting principles generally accepted in the UnitedStates of America. In the opinion of management, all adjustments, consisting ofnormal recurring adjustments, necessary for a fair presentation of financialposition and the results of operations for the periods presented have beenreflected herein.
**Use of Estimates**
The preparation of financial statements in conformity with generally acceptedaccounting principle requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure ofcontingent liabilities at the date of the financial statements and the reportedamounts of revenues and expenses during the reporting period. Actual resultscould differ from those estimates.
**Cash and Cash Equivalents**
For purposes of the statement of cash flows, the Company considers all highlyliquid investments purchased with an original maturity of three months or lessto be cash equivalents. As of November 30, 2008 and 2007, there were no cashequivalents.
**Development Stage Company**
The Company complies with Statement of Financial Accounting Standard ("SFAS")No. 7 and the Securities and Exchange Commission Exchange Act 7 for itscharacterization of the Company as development stage. 
**Impairment of Long Lived Assets**
Long-lived assets are reviewed for impairment in accordance with SFAS No.144, "Accounting for the Impairment or Disposal of Long- lived Assets". UnderSFAS No. 144, long-lived assets are tested for recoverability whenever events orchanges in circumstances indicate that their carrying amounts may not berecoverable. An impairment charge is recognized or the amount, if any, which thecarrying value of the asset exceeds the fair value.
**Income Taxes**
Monza uses the liability method of accounting for income taxes pursuant toStatement of Financial Accounting Standards No. 109. Under this method, deferredincome taxes are recorded to reflect the tax consequences in future years oftemporary differences between the tax basis of the assets and liabilities andtheir financial amounts at year end.
**Basic and Diluted Net Loss Per Share**
Basic earnings per common share is computed based upon the weighted averagenumber of common shares outstanding during the period. Diluted earnings pershare consists of the weighted average number of common shares outstanding plusthe dilutive effects of options and warrants calculated using the treasury stockmethod. In loss periods, dilutive common equivalent shares are excluded as theeffect would be anti-dilutive. At November 30, 2008, no equivalents existedbecause the effect would be anti-dilutive.
**Website Development Cost**
The Company adopted EITF 00-2, "Accounting for Website Development Costs,"which specifies the appropriate accounting for costs incurred in connection withthe development and maintenance of websites. Under the EITF 00-2, websitedevelopment costs are capitalized when acquired and installed, and are beingamortized over its estimated useful life. On November 15, 2005, the Companyentered into a web design contract. The company accrued and paid $5,000 websitedevelopment cost and has not recorded an amortization of the website developmentcosts as the initial installation of the website has not yet completed as ofNovember 30, 2008. 
**Stock Based Compensation**
The Company accounts for stock-based employee compensation arrangements usingthe fair value method in accordance with the provisions of Statement ofFinancial Accounting Standards No.123(R) or SFAS No. 123(R), Share-BasedPayments, and Staff Accounting Bulletin No. 107, or SAB 107, Share-BasedPayments.  The company accounts for the stock options issued tonon-employees in accordance with the provisions of Statement of FinancialAccounting Standards No. 123, or SFAS No. 123, Accounting for Stock-BasedCompensation, and Emerging Issues Task Force No. 96-18, Accounting for EquityInstruments with Variable Terms That Are Issued for Consideration other ThanEmployee Services under FASB Statement No. 123.  

The Company did not grant any stock options or warrants during the periodfrom inception to November 30, 2008.
**Revenue Recognition**
Revenue is recognized when it is realized or realizable and earned. Monzaconsiders revenue realized or realizable and earned when pervasive evidence ofan arrangement exists, services have been provided, and collectability isreasonably assured. Revenue that is billed in advance such as recurring weeklyor monthly services are initially deferred and recognized as revenue over theperiods the services are provided.
**Advertising Expenses**
The company expenses advertising costs as incurred. There was no advertisingexpense incurred by the company during the period ended November 30, 2008 and2007.
**New Accounting Standards**
Monza does not expect the adoption of recently issued accountingpronouncements to have a significant impact on its results of operations,financial position or cash flow.
**NOTE**2         GOING CONCERN **
Monza's financial statements have been prepared on a going concern basis,which contemplates the realization of assets and settlement of liabilities andcommitments in the normal course of business for the foreseeable future. Sinceinception, the Company has accumulated losses aggregating to $94,981 and hasinsufficient working capital to meet operating needs for the next twelve monthsas of November 30, 2008, all of which raise substantial doubt about Monza'sability to continue as a going concern.
**NOTE 3       CAPITAL STOCK**
On September 9, 2005, the Company issued 5,000,000 common shares at $0.001per share to the sole director of the Company for total proceeds of $5,000.

On September 12, 2005, the Company issued 4,000,000 common shares at $0.001per share for total proceeds of $4,000.

On September 13, 2005, the Company issued 1,500,000 common shares at $0.01per share for total proceeds of $15,000. 
**NOTE 4        INCOME TAXES**
As of November 30, 2008 and 2007, the Company has an estimated net operatingloss carryforward for tax purpose of $99,981 and $69,584, respectively. Thisamount may be applied against future federal taxable income and expires in 2028.

As management of the Company cannot determine that it is more likely than notthat the Company will realize the benefit of the deferred tax asset, a valuationallowance equal to the deferred tax asset has been established as at November30, 2008 and 2007. The significant components of the deferred tax asset as atNovember 30, 2008 and 2007 are as follows:
 **2008**2007Net Operating loss carryfowards
$ 33,243
$ 24,354Valuation allowance
(33,243)
(24,354)Net Deferred Tax asset
$  -
$   -**NOTE 5        RELATED PARTY TRANSACTIONS**
For periods ended November 30, 2008 and 2007, the Company incurred rent of$12,000 and $12,000, respectively to a company controlled by persons related tothe former director of the Company. 

As of November 30, 2008 and 2007, $31,000 and $19,000, respectively ofaccounts payable is payable to a company controlled by a person related to theformer director of the company.

A shareholder loaned the Company $7,200 and $21,400 during the periods endedNovember 30, 2008 and 2007, respectively. The balance of $37,206 is unsecured,non interest bearing, with no specific terms of repayment. Imputed interest inthe amount of $2,681 and $2,234 are included in additional paid in capital forthe years ended November 30, 2008 and 2007, respectively.

 

 ****** |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|