UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K



(Mark One)



þANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31, 2009



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



For the transition period from ________________ to________________



Commission file number 000-131224



SMART HOLDINGS, INC.*

[corporate name in Nevada is SStartrade Tech, Inc.*]

(Exact name of Company as specified in its charter)



|                                                               |                                     
|-------------------------------------------------------------- | ------------------------------------
|Nevada                                                         | 20-5956047                          
|(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.)



|                                                                                     
|-------------------------------------------------------------------------------------
|c/o John B. Lowy, P.C.
645 Fifth Avenue, Suite 400
New York, NY 10022
(212) 371-7799*
|(Address and telephone number of principal executive offices)                        





Securities registered under Section 12(b) of the Act:



|                   
|-------------------
|None*              
|Title of each class



Securities registered under Section 12(g) of the Act:



None*

(Title of class)



Indicate by check mark if the Company is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.*



Indicate by check mark if the Company is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.*



Indicate by check mark whether the Company (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 Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.*



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



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 Companys knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.*



Indicate by check mark whether the Company is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.*





If an emerging growth company, indicate by checkmark if the Company has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.*



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



The aggregate market value of common equity held by non-affiliates as of June 30, 2009 is unknown as of the date of the filing of this Annual Report.*  As of November 6, 2009, there were outstanding 8,602,500 shares of common stock, par value $0.0001, and no shares of preferred stock.



*

See Explanatory Note Page i









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EXPLANATORY NOTE



On July 7, 2010, Smart Holdings, Inc. (the "Company") filed a Form 15 with the Securities and Exchange Commission ("SEC"), terminating its reporting obligations with the Securities and Exchange Commission ("SEC"). On that date, the Company was delinquent in filing this Form 10-K Annual Report for the year ended December 31, 2009, and the Form 10-Q for the quarter ended March 31, 2010.



On August 3, 2017, the Company's new management (See "Subsequent Events" in Item 1 herein), changed the Company's corporate name in Nevada to SStartrade Tech, Inc., and authorized a 1-for-10 reverse split of its 995,098,061 issued and outstanding common shares as of that date. The Company then submitted its request to FINRA, to announce a new trading symbol and the reverse split.



However, FINRA has not announced the new symbol or the reverse split, because their initial reply to the Company's request stated that they will not announce either the new symbol or the reverse split, because the Company was delinquent in its SEC filings when it filed the Form 15. The Company's new management has disagreed with FINRA's initial reply, basically because the Company is not now and might never become a SEC-reporting issuer again, and therefore it should not have to file delinquent reports with the SEC. Moreover, FINRA announced a 1-for-90 reverse split for the Company in 2012, when it had not filed the same Form 10-K and Form-10-Q it cited in FINRAs initial reply.



While the Company awaits a final decision from FINRA, the Company's management had authorized the filing of this Form 10-K Annual Report for the year ended December 31, 2009, and the Form 10-Q for the quarter ended March 31, 2010, so that, retrospectively, the Company will be current in its SEC filings as of July 7, 2010, when it filed the Form 15 to terminate its SEC reporting obligations.



As of December 31, 2009, the Company had virtually no assets or liabilities, and was a "shell," as that term is defined in SEC Rule 12b-2 of the Securities Exchange Act. Accordingly, and pursuant to Section 1320.2 of the SEC Division of Corporate Finance's Financial Reporting Manual, the Company is filing this Form 10-K Annual Report as an "Inactive Company." That Section permits an Inactive Company (defined as a company with gross receipts or expenditures less than $100,000, no transactions in its securities, and no material changes) to file its Form 10-K Annual Report without its financial statements being reviewed or audited.



Accordingly, the financial statements included in this Form 10-K Annual Report have been neither reviewed nor audited by an accounting firm.



Except: (a) as otherwise noted in this Annual Report, (b) for the Subsequent Events noted in Item 1, (c) as noted in the Subsequent Events footnote to the Financial Statements, and (d) because the Company is not a reporting issuer (and therefore the Certifications required by reporting issuers have not been included in this Report), this Form 10-K Annual Report contains information that would have been filed by the Company on or before March 30, 2010, the date when this Report was due to be filed, and assumes that the Company would file as an Inactive Company at that time.









i



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PART I



Forward Looking Statements. Certain of the statements included in this annual report on Form 10-K, including those regarding future financial performance or results or that are not historical facts, are "forward-looking" statements as that term is defined in Section 2 IE of the Securities Exchange Act of I934, as amended, and Section 27A of the Securities Act of 1933, as amended. The words "expect," "plan," "believe," "anticipate," "project," "estimate," and similar expressions are intended to identify forward-looking statement. Smart Holdings, Inc. (referred to herein, with its predecessors and subsidiaries, as "Smart Holdings, Inc.", the "Company", we", "us", and "our") cautions readers that these statements are not guarantees of future performance or events and such statements involve risks and uncertainties that may cause actual results and outcomes to differ materially from those indicated in forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.  We undertake no duty to update these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us which attempt to advise interested parties of the additional factors which may affect our business, including the disclosures made under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this report.



ITEM 1.

BUSINESS



Smart Holdings, Inc. (commonly referred to herein as the "Company") was incorporated in the State of Nevada on December 6, 2005. It is a consulting company, headquartered in Milford, Michigan, which plans to offer a variety of strategic business consulting services to public and private companies. Currently, the main service is providing financial and business consulting services to its clients. The services offered include due diligence, mergers and acquisition consulting, and strategic business planning. Smart Holdings, Inc. works with both private and public companies. Smart Holdings, Inc.'s long-term focus is on creating lasting relationships with its clients. It also provides strategic consulting services and business plan development for start-up companies and has the expertise to work with its clients through the public offering process, with introductions to underwriters, broke dealers and market makers, as well as post offering support services such as development of road show and research materials.



As indicated above, the Company was recently incorporated and is presently in the development stage wherein it is in the process of setting up operations and working to obtain clients. It has not yet realized revenue.



Subsequent Events



Initially, the Company was engaged in the strategic consulting business. However, on January 5, 2010, the Company experienced a change of control, and became engaged in offering automotive extended service warranties.



The Company remained in that automotive extended service warranty business until April 8, 2013, when there was a change of control, and the Company acquired Anatolian Walnut Company ("AWPC"), a Turkish company which owns and operates walnut plantations in Turkey, and was controlled by Ismail Uslu and Mustafa Laz.



The Company continued its ownership of AWPC until June 30, 2017, when Messrs. Uslu and Laz resigned as officers and directors of the Company, appointed Bruno Horn as sole director, and sold all of their common shares and their 20,000 Preferred Shares to Bruno Horn (869,596,180 common shares) and Carla Horn, his wife (96,621,798 common shares), and all 20,000 of their Preferred Shares to Mr. Horn. The 20,000 Preferred Shares were then retired, and there are no Preferred Shares currently issued or outstanding.



Also on June 30, 2017, the Company signed a Reorganization Agreement with SStartrade SA, a Swiss corporation controlled by Mr. Horn, pursuant to which the Company is to acquire 74% of SStartrade SA in exchange for 40,000,000 pre-reverse split common shares of the Company. At the same time, the Company sold AWPC back to Messrs. Uslu and Laz for $1. In connection with the change of control which took place on June 30, 2017, the Company filed an Amendment to its Articles of Incorporation, changing its corporate name to SStartrade Tech, Inc., and authorizing a 1-for-10 reverse split of its 995,098,061 currently issued and outstanding common shares. The acquisition of SStartrade SA has not yet been completed.





1



---





ITEM 1A.

RISK FACTORS



See Explanatory Note  Page i



ITEM 2.

PROPERTIES.



Property and equipment are recorded at historical cost and include expenditures, which substantially increase the useful lives of existing property and equipment. Maintenance and repairs are charged to operations when incurred.



Depreciation of property and equipment is computed primarily using the straight-line method based on estimated useful lives (furniture and fixtures, 6 to 7 years, office equipment 5 to 7 years, and computers and software, 3 to 5 years). Depreciation for income tax purposes is computed principally using the straight line method and estimated useful lives.



As of the date of the filing this Annual Report on Form 10-K, the Company has not completed its acquisition of SStartrade SA, and owns no assets.



ITEM 3.

LEGAL PROCEEDINGS.



As of December 31, 2009, Smart Holdings lnc. did not have any outstanding legal issues outside of the ordinary course of business.



As of the date of filing this Annual Report, the Company has no litigation pending or threatened.



ITEM 4.

MINE SAFETY DISCLOSURES.



See Explanatory Note  Page i







2



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PART II



ITEM 5.

MARKET FOR COMPANYS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.



On February 21, 2007, Smart Holdings, Inc. filed an SB-2 registration statement with the SEC. The Company registered an additional 1 million (1,000,000) shares to be sold for an aggregate of $1 million ($1,000,000). The registration has been approved by the SEC and no shares were sold prior to December 31, 2008. The Company is currently attempting to complete the offering.



As of the date of filing this Annual Report, the bid and asked prices of the Company' s common stock on OTC Markets is $.005-$.015. The Company has 74 shareholders of record, and hundreds more in street name.



See Explanatory Note  Page i



ITEM 6.

SELECTED FINANCIAL DATA.



See Explanatory Note  Page i



ITEM 7.

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



Results of Operations



Our net loss for twelve months ended December 31, 2009 was $764, compared to $942 for the twelve months ended December 31, 2008. A discussion of our results of operations is as follows:



Revenues for twelve months ended December 31, 2009 and 2008 were $0. No revenues have been generated since inception.



Our cost of services for the twelve months ended December 31, 2009 and 2008 was $0. As we have had no revenue to date, there is no cost of services.



Operating expenses were $764 for the twelve months ended December 31, 2009, compared to $942 for the twelve months ended December 31, 2008.



This slight decrease is attributable to the limited activity during the most recent year.



No provision for income taxes have been reflected or recorded on these financial statements. We incurred a net loss of $764 for the twelve months ended December 31, 2009 as a result of the matters discussed above. Losses to date may be used to offset future taxable income, assuming the Company becomes profitable.



Liquidity and Capital Resources



As reflected in the accompanying financial statements, the Company has a deficit stockholders' equity of ($2,708) as of December 31, 2009. The Company has incurred losses and has been dependent upon the financial support of stockholders, management and other related parties.



ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.



INDEX TO FINANCIAL STATEMENTS



|                                                                                              |  
|--------------------------------------------------------------------------------------------- | -
|Balance Sheet at December 31, 2009 UNAUDITED                                                  | 4
|Statements of Income Years Ended December 31, 2009 and 2008 UNAUDITED                         | 5
|Statement of Changes In Stockholders' Equity Years Ended December 31, 2009 and 2008 UNAUDITED | 6
|Statement of Cash Flows Years Ended December 31, 2009 and 2008 UNAUDITED                      | 7
|Notes to Financial Statements UNAUDITED                                                       | 8







3



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SMART HOLDINGS, INC.

BALANCE SHEET

DECEMBER 31, 2009 AND 2008

(UNAUDITED)



|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---- | ------- | - | ---- | - | ------- | -
|                                                                                                                                                                   |  | 2009 |         |   | 2008 |  
|ASSETS                                                                                                                                                            
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|Current Assets:                                                                                                                                                    |  |      |         |   |      |   |         |  
|Cash                                                                                                                                                               |  | $    | 794     |   |      | $ | 1558    |  
|                                                                                                                                                                   |  |      |         |   |      |  
|Total current assets                                                                                                                                               |  |      | 794     |   |      |   | 1558    |  
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|Total Assets                                                                                                                                                       |  | $    | 794     |   |      | $ | 1558    |  
|                                                                                                                                                                   |  |      |         |   |      |  
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)                                                                                                                    
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|Current Liabilities:                                                                                                                                               |  |      |         |   |      |   |         |  
|Accounts payable                                                                                                                                                   |  |      | 3,502   |   |      |   | 3,502   |  
|                                                                                                                                                                   |  |      |         |   |      |  
|Total current liabilities                                                                                                                                          |  |      | 3,502   |   |      |   | 3,502   |  
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|Stockholders Deficit:                                                                                                                                             |  |      |         |   |      |   |         |  
|Common stock, $.0001 par value, 100,000,000 shares authorized, issued and outstanding: December 31, 2009 - 8,602,500 shares; December 31, 2008 - 8,602,500 shares. |  |      | 8,603   |   |      |   | 8,603   |  
|Paid-in capital                                                                                                                                                    |  |      | 26,397  |   |      |   | 26,397  |  
|Accumulated deficit                                                                                                                                                |  |      | (37,549 | ) |      |   | (36,944 | )
|                                                                                                                                                                   |  |      |         |   |      |  
|Total stockholders equity (deficit)                                                                                                                               |  |      | (2,708  | ) |      |   | (1,944  | )
|                                                                                                                                                                   |  |      |         |   |      |  
|                                                                                                                                                                   |  |      |         |   |      |   |         |  
|Total Liabilities and Stockholders Deficit                                                                                                                        |  | $    | 794     |   |      | $ | 1558    |  









See accompanying notes to these financial statements





4



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SMART HOLDINGS, INC.

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

(UNAUDITED)



|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|---------------------------------------------------- |  |  |  |  |  |  |  | ---- |  | - | --------- | - |  | - | --------- | -
|                                                     |  |  |  |  |  |  |  | 2009 |  |   | 2008      |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Revenue                                              |  |  |  |  |  |  |  |      |  | $ |          |   |  | $ |          |  
|Cost of revenue                                      |  |  |  |  |  |  |  |      |  |   |          |   |  |   |          |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |  
|Gross profit                                         |  |  |  |  |  |  |  |      |  |   |          |   |  |   |          |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Operating expenses                                   |  |  |  |  |  |  |  |      |  |   | 764       |   |  |   | 942       |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Operating income                                     |  |  |  |  |  |  |  |      |  |   | (764      | ) |  |   | (942      | )
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Other income (expense)                               |  |  |  |  |  |  |  |      |  |   |          |   |  |   |          |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Net income (loss)                                    |  |  |  |  |  |  |  |      |  | $ | (764      | ) |  |   | (942      | )
|                                                     |  |  |  |  |  |  |  |      |  |   |           |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Basic and diluted loss per share                     |  |  |  |  |  |  |  |      |  | $ | (0.00     | ) |  | $ | (0.00     | )
|                                                     |  |  |  |  |  |  |  |      |  |   |           |  
|                                                     |  |  |  |  |  |  |  |      |  |   |           |   |  |   |           |  
|Weighted average number of common shares outstanding |  |  |  |  |  |  |  |      |  |   | 8,602,500 |   |  |   | 8,602,500 |  









See accompanying notes to these financial statements





5



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SMART HOLDINGS, INC.

STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

(UNAUDITED)



|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|--------------------------------------------- |  | ------------ | --------- |  | ------- | - | ----- | ----------- |  | - | ------- |  |  | ----- | ------- | - |  | - | ------- | -
|                                              |  | Common Stock |           |  | Paid-in |   |       | Accumulated |  |   |         | 
|                                              |  | Shares       |           |  | Amount  |   |       | Capital     |  |   | Deficit |  |  | Total |        
|Balance, December 31, 2007                    |  |              | 9,000,000 |  |         | $ | 9,000 |             |  | $ | 23,500  |  |  | $     | 36,002  |   |  | $ | (3,502) |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Common Stock Issued for Cash                  |  |              | 2,500     |  |         |   | 3     |             |  |   | 2,497   |  |  |       |        |   |  |   | 2,500   |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Common Stock Cancelled                        |  |              | (400,000) |  |         |   | (400) |             |  |   | 400     |  |  |       |        |   |  |   |        |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Net Loss for the Year Ended December 31, 2008 |  |              |          |  |         |   |      |             |  |   |        |  |  |       | 942     |   |  |   | 942     |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Balance, December 31, 2008                    |  |              | 8,602,500 |  |         | $ | 8,603 |             |  | $ | 26,397  |  |  | $     | 36,944  |   |  | $ | (1944)  |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Net Loss for the Year Ended December 31, 2009 |  |              |          |  |         |   |      |             |  |   |        |  |  |       | 764     |   |  |   | 764     |  
|                                              |  |              |           |  |         |   |       |             |  |   |         |  |  |       |         |   |  |   |         |  
|Balance, December 31, 2009                    |  |              | 8,602,500 |  |         | $ | 8,603 |             |  | $ | 26,397  |  |  | $     | (37,549 | ) |  |   | (2,708  | )













See accompanying notes to these financial statements











6



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SMART HOLDINGS, INC.

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

(UNAUDITED)



|                                                                               |  |      |       |   |      |   |       |  
|------------------------------------------------------------------------------ |  | ---- | ----- | - | ---- | - | ----- | -
|                                                                               |  | 2009 |       |   | 2008 |  
|Cash Flows From Operating Activities                                           |  |      |       |   |      |   |       |  
|Net loss                                                                       |  | $    | (764  | ) |      | $ | (942  | )
|Adjustments to reconcile net loss to net cash flows from operating activities: |  |      |       |   |      |   |       |  
|Changes in operating assets and liabilities:                                   |  |      |       |   |      |   |       |  
|Total adjustments                                                              |  |      |      |   |      |   |      |  
|                                                                               |  |      |       |   |      |   |       |  
|Net cash flows from operating activities                                       |  |      | (764  | ) |      |   | (942) |  
|                                                                               |  |      |       |   |      |   |       |  
|Cash Flows From Investing Activities                                           |  |      |       |   |      |   |       |  
|Purchases of property and equipment                                            |  |      |      |   |      |   | 2,500 |  
|                                                                               |  |      |       |   |      |  
|Net cash flows from investing activities                                       |  |      |      |   |      |   | 2,500 |  
|                                                                               |  |      |       |   |      |   |       |  
|Net Change in Cash                                                             |  | $    | (764  | ) |      | $ | 1,558 |  
|                                                                               |  |      |       |   |      |  
|                                                                               |  |      |       |   |      |   |       |  
|Cash, Beginning of the Period                                                  |  | $    | 1,558 |   |      | $ |      |  
|                                                                               |  |      |       |   |      |   |       |  
|Cash, End of the Period                                                        |  | $    | 794   |   |      | $ | 1,558 |  









See accompanying notes to these financial statements













7



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SMART HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)





Note A  Nature of Operations and Basis of Presentation



Nature of Operations



Smart Holdings, Inc. was incorporated in the State of Nevada on December 6, 2005. It is a consulting company, headquartered in Milford, Michigan, which plans to offer a variety of strategic business consulting services to public and private companies. Currently, the main service is providing financial and business consulting services to its clients. The services offered include due diligence, mergers and acquisition consulting, and strategic business planning. Smart Holdings, Inc. works with both private and public companies. Smart Holdings, Inc.s long-term focus is on creating lasting relationships with its clients. It also provides strategic consulting services and business plan development for start-up companies and has the expertise to work with its clients through the public offering process, with introductions to underwriters, broke dealers and market makers, as well as post offering support services such as development of road show and research materials.



As indicated above the company was recently incorporated and is presently in the development stage wherein it is in the process of setting up operations and working to obtain clients. It has not yet realized revenue.



Basis of Presentation



Reference is made to the Explanatory Note on the cover page of this Annual Report, and to the Subsequent Events footnote, below.



Use of Estimates



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



Revenue Recognition



Consulting service revenue and the related labor costs and payroll are recorded in the period in which services are performed.



Accounts Receivable



Smart Holdings Inc. trade accounts receivable result from the sale of its services, and consist of private and public companies. The Company uses the allowance method to account for uncollectible accounts. Bad debt expense for the twelve months ended December 31, 2008 was $0.



Concentration of Credit Risk



Financial instruments, which potentially expose Smart Holdings to concentrations of credit risk consist principally of trade accounts receivable and restricted securities that are paid as part of consulting fees.



Smart Holdings trade accounts receivable result from the sale of its services to customers, and customers consist of public and private companies. In order to minimize the risk of loss from these companies, credit limits, ongoing credit evaluation of its customers, and account monitoring procedures are utilized. Collateral is not generally required. Management analyzes historical bad debt, customer concentrations, customer credit-worthiness, current economic trends, and changes in customer payment tendencies, when evaluating the allowance for doubtful accounts. As of December 31, 2008, Smart Holdings Inc. had no customers who accounted for 10% or more of gross accounts receivable or 10% or more of the net sales.



The Company is obligated to pay the salaries, wages, related benefit costs, and expenses of consultants. Accordingly, the Companys ability to collect amounts due from customers could be affected by economic fluctuations in its markets or these industries.





8



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SMART HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)





Note A  Nature of Operations and Basis of Presentation (Continued)



Financial Instruments



Smart Holdings estimates that the fair value of all financial instruments at December 31, 2008 do not differ materially from the aggregate carrying value of its financial instruments recorded in the accompanying balance sheets.



Property and Equipment



Property and equipment are recorded at historical cost and include expenditures, which substantially increase the useful lives of existing property and equipment. Maintenance and repairs are charged to operations when incurred.



Depreciation of property and equipment is computed primarily using the straight-line method based on estimated useful lives (furniture and fixtures, 6 to 7 years, office equipment 5 to 7 years, and computers and software, 3 to 5 years). Depreciation for income tax purposes is computed principally using the straight line method and estimated useful lives.



Advertising Cost



Advertising costs, except for costs associated with direct-response advertising, are charged to operations when incurred. The costs of direct-response advertising are capitalized and amortized over the period during which future benefits are expected to be received. Smart Holdings Inc. did not have direct-response advertising costs during the twelve months ended December 31, 2009.



Stock-based Employee Compensation



The company adopted SFAS 123 (R) to account for its stock-based compensation beginning January 1, 2006. Previously, the company elected to account for its stock-based compensation plans under Accounting Principles Board Opinion No. 25. Accounting for Stock Issued to Employees (APB 25). Financial Accounting Standards Interpretation No. 44, Accounting for Certain Transactions Involving Stock Compensation (FIN 44), and Statement of Financial Accounting Standards No. 148. Accounting for Stock-Based Compensation-Transition and Disclosure (SFAS 148). The Company did not grant any stock options during 2009 or 2008 which would require a calculation as prescribed by SFAS 123 (R).



There are no differences between historical and pro-forma stock based compensation value.



Income Taxes



Smart Holdings records its federal and state income tax liability in accordance with Statement of Financial Accounting Standards Statement No. 109 Accounting for Income Taxes. Deferred taxes are provided for differences between the basis of assets and liabilities for financial statements and income tax purposes, using current tax rates. Deferred tax assets represent the expected benefits from net operating losses carried forward and general business credits that are available to offset future income taxes.



Loss Per Share



Net loss per share is computed based upon the weighted average number of outstanding shares of the Companys common stock for each period presented.





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SMART HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)





Note A  Nature of Operations and Basis of Presentation (Continued)



Recent Accounting Pronouncements



In April 2003, the FASB issued SFAS No. 149, Amendment of Statement 133 on Derivative Instruments and Hedging Activities. The statement amends and clarifies accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts, and hedging activities. This statement is designed to improve financial reporting such that contracts with comparable characteristics are accounted for similarly. The statement is generally effective for contracts entered into or modified after June 30, 2003. The Company currently has no such financial instruments outstanding or under consideration and does not expect the adoption of this standard to effect the Companys financial position or results of operations.



In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity" . This statement establishes standards for how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity. This statement is effective for financial instruments entered into or modified after May 31, 2003, and is otherwise effective at the beginning of the first interim period beginning after June 15, 2003. The Company currently has no such financial instruments outstanding or under consideration and therefore adoption of this standard currently has no financial reporting implications.



In December 2003, the FASB issued FASB Interpretation No. 46, Amended Consolidation of Variable Interest Entities (FIN No. 46). This interpretation clarifies rules relating to consolidation where entities are controlled by means other than a majority voting interest and instances in which equity investors do not bear the residual economic risks. This interpretation is effective immediately for variable interest entities created after January 31, 2003 and, for interim periods beginning after December 15, 2003, for interests acquired prior to February 1, 2003. The Company does not currently have relationships with entities meeting the criteria set forth in FIN No. 46 and is not required to include any such entities in its financial statements pursuant to the provisions of FIN No. 46.



Effective as of December 31, 2004, the Company adopted the revised interpretation of Financial Accounting Standards Board (FASB) Interpretation No. 46 (FIN 46), Consolidation of Variable Interest Entities, (FIN 46-R). FIN 46-R requires that certain variable interest entities be consolidated by the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The Company does not have any investments in entities it believes are variable interest entities for which the Company is the primary beneficiary.



In December 2004, FASB issued SFAS No. 123 (revised 2004) Stock Based Payment (SFAS No. 123R), a revision to Statement No. 123. Accounting for Stock-Based Compensation which supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees. The revised SFAS 123 eliminates the alternative to use Opinion 25s intrinsic value method of accounting and, instead, requires entities to recognize the cost of employee services received in exchange for awards of equity instruments based on the grant-date fair value of those awards. Furthermore, public entities are required to measure liabilities incurred to employees in share-based payment transactions at fair value as well as estimate the number of instruments for which the requisite service is expected to be rendered. Any incremental compensation cost for a modification of the terms or conditions of an award is measured by comparing the fair values before and after the modification. The company has determined that SFAS No. 123R has no effect on its financial statements.



Note B  Income Taxes



For income tax purposes Smart Holdings had $764 of net operating losses in the twelve months ended December 31, 2009 and $942 of losses for the twelve months ended December 31, 2008, which can be used to offset future federal and state taxable income. No income tax benefit has been recorded in the accompanying financial statements since the recoverability of such assets is not reasonably assured through known future revenue sources.



Note C  Cash Flow Supplemental Information



Cash paid for interest during the twelve months ended December 31, 2009 amounted to $0.





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SMART HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)





Note D  Stockholders Equity



Issuance of Common Stock



The Company issued no shares of common stock during the twelve months ended December 31, 2009.



Common Stock Warrants



As of December 31, 2009 there were no stock warrants issued or outstanding.



Note E  Commitments and Contingencies



Operating Leases



Smart Holdings currently has no lease obligations.



Litigation



As of December 31, 2009, Smart Holdings did not have any outstanding legal issues outside of the ordinary course of business.



Note F  Subsequent Events



Initially, the Company was engaged in the strategic consulting business.  However, on January 5, 2010, the Company experienced a change of control, and became engaged in offering automotive extended service warranties.



The Company remained in that automotive extended service warranty business until April 8, 2013, when there was a change of control, and the Company acquired Anatolian Walnut Company (AWPC), a Turkish company which owns and operates walnut plantations in Turkey, controlled by Ismail Uslu and Mustafa Laz.



The Company continued its ownership of AWPC until June 30, 2017, when Messrs. Uslu and Laz resigned as officers and directors of the Company, appointed Bruno Horn as sole director, and sold all of their common shares and their 20,000 Preferred Shares to Bruno Horn (869,596,180 of the 995,098,061 common shares currently issued and outstanding (87.4%)) and Carla Horn, his wife (96,621,798 common shares (9.7%)), and all 20,000 of their Preferred Shares to Mr. Horn.  The 20,000 Preferred Shares were then retired, and there are no Preferred Shares currently issued or outstanding.



Also on June 30, 2017, the Company signed a Reorganization Agreement with SStartrade SA, a Swiss corporation, pursuant to which the Company is to acquire 74% of SStartrade SA in exchange for 40,000,000 pre-reverse split common shares of the Company.  At the same time, the Company sold AWPC back to Messrs. Uslu and Laz for $1.  In connection with the change of control which took place on June 30, 2017, the Company filed an Amendment to its Articles of Incorporation, changing its corporate name to SStartrade Tech, Inc., and authorizing a 1-for-10 reverse split of its 995,098,061 currently issued and outstanding common shares.



















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ITEM 9.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.



See Explanatory Note  Page i



ITEM 9A.

CONTROLS AND PROCEDURES.



See Explanatory Note  Page i



ITEM 9B.

OTHER INFORMATION.



There were no submissions of matters to a vote of shareholders in the three months ending December 31, 2009.



Reference is made to the Subsequent Events section in Item 1.





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PART III



ITEM 10.

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.



See Explanatory Note  Page i



ITEM 11.

EXECUTIVE COMPENSATION.



See Explanatory Note  Page i



ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.



See Explanatory Note  Page i



ITEM 13.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.



See Explanatory Note  Page i



ITEM 14.

PRINCIPAL ACCOUNTANT FEES AND SERVICES.



See Explanatory Note  Page i









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PART IV



ITEM 15.

EXHIBITS, FINANCIAL STATEMENT SCHEDULES.



The following exhibits are included with this registration statement:



|               |  |            
|-------------- |  | -----------
|Exhibit
Number |  | Description
|None*          |  |            
|               |  |            



* See Explanatory Note Page i









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SIGNATURES



The Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



SMART HOLDINGS, INC. (the current legal name of which in Nevada is SStartrade Tech, Inc.)



|   |                        | 
|-- | ---------------------- | 
|By | /s/ Bruno Horn         | 
|   | Bruno Horn, CEO        | 
|   | Dated October 16, 2017 | 
|   |                        | 
|   |                        | 
|   |                        | 
|   |                        | 













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