f8k081709a1ex10_nxtfuel.htm


     

    Exhibit
10.1

     

    
      The
following tables set forth the effects of the restatement to certain line items
within the Company's previously reported balance sheets:

    

     

    
      
        
          
            
              	 
      	 	
                      September
      30, 2008

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	
                      As
      Previously

                    	 	 	 	 	 	 	 
	 
      	 	
                      Reported

                    	 	 	
                      Adjustments

                    	 	 	
                      As
      Restated

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	
                      Cash

                    	 	$	5,446	 	 	$	20,625	 	 	$	26,071	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Current Assets

                    	 	$	9,846	 	 	$	20,625	 	 	$	30,471	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Assets

                    	 	$	14,183	 	 	$	20,625	 	 	$	34,808	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Loan
      Payable

                    	 	$	-	 	 	$	140,625	 	 	$	140,625	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Current Liabilities

                    	 	$	898	 	 	$	140,625	 	 	$	141,523	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Treasury
      Stock

                    	 	$	-	 	 	$	(40,000	)	 	$	(40,000	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Deficit
      Accumulated during the development stage

                    	 	$	(136,965	)	 	$	(80,000	)	 	$	(216,965	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Stockholder's Equity

                    	 	$	13,285	 	 	$	(120,000	)	 	$	(106,715	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Liabilities and Stockholder's Equity

                    	 	$	14,183	 	 	$	20,625	 	 	$	34,808	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 


            

          

        

      

    

     

    
      
        
          
            
              	 
      	 	
                      September
      30, 2008

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	
                      As
      Previously

                    	 	 	 	 	 	 	 
	 
      	 	
                      Reported

                    	 	 	
                      Adjustments

                    	 	 	
                      As
      Restated

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	
                      Professional
      Fees

                    	 	$	103,697	 	 	$	80,000	 	 	$	183,697	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Loss
      from Operations before Income Taxes

                    	 	$	(124,665	)	 	$	(80,000	)	 	$	(204,665	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Provision
      for Income Taxes

                    	 	$	-	 	 	$	-	 	 	$	-	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Net
      Loss

                    	 	$	(124,665	)	 	$	(80,000	)	 	$	(204,665	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Net
      Loss Per Share - Basic and Diluted

                    	 	$	(0.02	)	 	 	-	 	 	$	(0.03	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Weighted
      Average Number of Shares Outstanding

                    	 	 	6,433,210	 	 	 	-	 	 	 	6,375,921	 
	
                        during
      the year - Basic and Diluted

                    	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 


            

          

        

      

    

     

    
      
        
          
            
              	 
      	 	
                      December
      31, 2008

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	
                      As
      Previously

                    	 	 	 	 	 	 	 
	 
      	 	
                      Reported

                    	 	 	
                      Adjustments

                    	 	 	
                      As
      Restated

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	
                      Cash

                    	 	$	815	 	 	$	104,425	 	 	$	105,240	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Current Assets

                    	 	$	2,715	 	 	$	104,425	 	 	$	107,140	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Assets

                    	 	$	6,805	 	 	$	104,425	 	 	$	111,230	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Loan
      Payable

                    	 	$	-	 	 	$	242,125	 	 	$	242,125	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Current Liabilities

                    	 	$	3,617	 	 	$	242,125	 	 	$	245,742	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Treasury
      Stock

                    	 	$	-	 	 	$	(40,000	)	 	$	(40,000	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Deficit
      Accumulated during the development stage

                    	 	$	(148,362	)	 	$	(97,700	)	 	$	(246,062	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Stockholder's Equity

                    	 	$	3,188	 	 	$	(137,700	)	 	$	(134,512	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Total
      Liabilities and Stockholder's Equity

                    	 	$	6,805	 	 	$	104,425	 	 	$	111,230	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 


            

          

        

      

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              	 
      	 	
                      December
      31, 2008

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	
                      As
      Previously

                    	 	 	 	 	 	 	 
	 
      	 	
                      Reported

                    	 	 	
                      Adjustments

                    	 	 	
                      As
      Restated

                    	 
	 
      	 	 	 	 	 	 	 	 	 
	
                      Professional
      Fees

                    	 	$	5,912	 	 	$	17,700	 	 	$	23,612	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Loss
      from Operations before Income Taxes

                    	 	$	(11,397	)	 	$	(17,700	)	 	$	(29,097	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Provision
      for Income Taxes

                    	 	$	-	 	 	$	-	 	 	$	-	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Net
      Loss

                    	 	$	(11,397	)	 	$	(17,700	)	 	$	(29,097	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Net
      Loss Per Share - Basic and Diluted

                    	 	$	(0.00	)	 	 	-	 	 	$	(0.01	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Weighted
      Average Number of Shares Outstanding

                    	 	 	6,437,500	 	 	 	-	 	 	 	5,362,231	 
	
                        during
      the year - Basic and Diluted

                    	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 


            

          

        

      

    

     

     

    
      
        
          
            
              
                	 
      	 	
                        March
      31, 2009

                      	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	
                        As
      Previously

                      	 	 	 	 	 	 	 
	 
      	 	
                        Reported

                      	 	 	
                        Adjustments

                      	 	 	
                        As
      Restated

                      	 
	 
      	 	 	 	 	 	 	 	 	 
	
                        Cash

                      	 	$	5,423	 	 	$	1,850	 	 	$	7,273	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total
      Current Assets

                      	 	$	5,423	 	 	$	1,850	 	 	$	7,273	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total
      Assets

                      	 	$	9,270	 	 	$	1,850	 	 	$	11,120	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Loan
      Payable

                      	 	$	-	 	 	$	230,750	 	 	$	230,750	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total
      Current Liabilities

                      	 	$	3,630	 	 	$	230,750	 	 	$	234,380	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Treasury
      Stock

                      	 	$	-	 	 	$	(70,000	)	 	$	(70,000	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Deficit
      Accumulated during the development stage

                      	 	$	(157,210	)	 	$	(158,900	)	 	$	(316,110	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total
      Stockholder's Equity

                      	 	$	5,640	 	 	$	(228,900	)	 	$	(223,260	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total
      Liabilities and Stockholder's Equity

                      	 	$	9,270	 	 	$	1,850	 	 	$	11,120	 


              

            

          

        

      

    

     

     

    
      
        
          
            
              
                
                  
                    
                      	 
      	 	
                              For
      the Three Months ended

                            	 	 	
                              For
      the Six Months ended

                            	 
	 
      	 	
                              March
      31, 2009

                            	 	 	
                              March
      31, 2009

                            	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	      
                              As
      Previously

                              Reported

                            	 	 	
                              Adjustments

                            	 	 	
                              As
      Restated

                            	 	 	
                                    
                                As
      Previously

                                Reported

                              

                            	 	 	
                              Adjustments

                            	 	 	
                              As
      Restated

                            	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Professional
      Fees

                            	 	$	4,472	 	 	$	61,200	 	 	$	65,672	 	 	$	10,384	 	 	$	78,900	 	 	$	89,284	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Loss
      from Operations before Income Taxes

                            	 	$	(8,848	)	 	$	(61,200	)	 	$	(70,048	)	 	$	(20,245	)	 	$	(78,900	)	 	$	(99,145	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Provision
      for Income Taxes

                            	 	$	-	 	 	$	-	 	 	$	-	 	 	$	-	 	 	$	-	 	 	$	-	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Net
      Loss

                            	 	$	(8,848	)	 	$	(61,200	)	 	$	(70,048	)	 	$	(20,245	)	 	$	(78,900	)	 	$	(99,145	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Net
      Loss Per Share - Basic and Diluted

                            	 	$	(0.00	)	 	 	-	 	 	$	(0.01	)	 	$	(0.00	)	 	 	-	 	 	$	(0.02	)
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              Weighted
      Average Number of Shares Outstanding

                            	 	 	6,456,111	 	 	 	-	 	 	 	4,965,669	 	 	 	6,446,703	 	 	 	-	 	 	 	5,166,129	 
	
                                during
      the year - Basic and Diluted