UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
  
  FORM
10-K
  
  x
              ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934.
 
 FOR
THE FISCAL YEAR ENDED DECEMBER 31, 2008
 
 OR
 
 o
              TRANSITION REPORT PURSUANT TO
      SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934
  Commission
File #
  MONEYLOGIX GROUP,
INC.
 (Exact
name of registrant as specified in its charter)
  NEVADA
                  33-0680443(State
      or other jurisdiction of
                    incorporation
      or organization)
                  (I.R.S.
      Employer
                    Identification
      No.)
  27
Ardmore Crescent, Richmond Hill, Ontario L4B 3P6
 (Address
of principal executive offices and zip code)
 
 Registrant’s telephone number,
including area code: (416) 452-0224
 
 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 periods that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
  Yes x           Noo
 
 Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company
filer.  See definition of “accelerated filer” and “large accelerated
filer” in rule 12b-2 of the Exchange Act (Check one):
 
 Large
      accelerated filer
                      o
                      Accelerated
      filer
                      oNon-accelerated
      filer
                      o
                      Smaller
      reporting company
                      x
 
 Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.
 
 Yes x           Noo
 
 Indicate
the number of shares outstanding of the Registrant’s common stock as of the
latest practicable date.
 
 Class
              
              Outstanding at April
      1, 2009Common
      Stock, $.001 par value
              
              80,763,586
  
  TABLE
OF CONTENTS
 
 Item
      1.
                  Financial
      Statements
                  3Item
      2.
                  Management’s
      Discussion and Analysis of Financial Condition
                  4Item
      3.
                  Quantitative
      and Qualitative Disclosures About Market Risk
                  6Item
      4T.
                  Control
      and Procedures
                  6PART
      II— OTHER INFORMATIONItem
      1
                  Legal
      Proceedings
                  7Item
      2.
                  Unregistered
      Sales of Equity Securities and Use of Proceeds
                  7Item
      3.
                  Defaults
      Upon Senior Securities
                  7Item
      4.
                  Submission
      of Matters to a Vote of Security Holders
                  7Item
      5.
                  Other
      Information
                  7Item
      6.
                  Exhibits
      and Reports on Form 8-K
                  7SIGNATURE
                  8
  2
  PART
I:  FINANCIAL INFORMATION
 
 ITEM
1.  FINANCIAL STATEMENTS
 
 Basis
of Presentation
 
 The
accompanying statements are presented in accordance with U.S. generally accepted
accounting principles for financial information and the instructions to Form
10-K and Regulation S-X.  In the opinion of management, all
adjustments (consisting only of normal occurring adjustments) considered
necessary in order to make the financial statements not misleading, have been
included.
 
 The
financial statements of the Company appear at the end of this report beginning
with the Index to Financial Statements on page F-1 and ending on
F-11.
  3
 
 ITEM
2.  MANAGEMENT’S DISCUSSION AND ANALYSIS
 
 The
following is management’s discussion and analysis of the financial condition and
results of operations of Moneylogix Group, Inc. for the years ending December
31, 2008 and 2007.  The following information should be read in
conjunction with the audited financial statements for the year ending December
31, 2008 and notes thereto appearing elsewhere in this form 10-K.
 
 Overview
 
 Moneylogix
Group, Inc. (“Company”, “We”, “Our”, or “Moneylogix Group”), formerly Homelife,
Inc., a corporation incorporated under the laws of Nevada, entered into a share
exchange agreement on January 3, 2008 with Moneylogix Inc., a Delaware private
corporation. The reverse merger transaction effected a change of control of the
Company. The accounting acquirer is MoneyLogix, Inc. and the historical
operations of the Company are the operations of MoneyLogix, Inc. Pursuant to the
terms of the share exchange agreement, the parties agreed to the
following:
  1.
                Mr.
      Cimerman, the former Company Chief executive and majority shareholder,
      agreed to transfer 458,000 shares of the Company to the Company treasury
      in exchange for the spin off of all assets of the Company to Mr. Cimerman.
      This was executed at closing on May 28, 2008. Mr. Cimerman still had a
      shareholder loan to be satisfied by the
Company;
 
 2.
                Moneylogix
      Group agreed to change the name of the Company from Homelife, Inc. to
      Moneylogix Group, Inc. This was executed on January 29th
      , 2008;
 
 3.
                Moneylogix
      Group agreed to issue 100,000,000 shares of our common stock to Moneylogix
      Inc. in exchange for 100% of Moneylogix Inc.’s issued and outstanding
      stock. 80,000,000 shares of the Company were issued on May 28, 2008 to
      Moneylogix Inc. 100% of the shares of Moneylogix Inc. were transferred to
      Moneylogix Group making Moneylogix Inc. a wholly owned subsidiary of the
      Company on May 28, 2008. On June 13, 2008, 200,000 additional shares of
      the Company were issued to Moneylogix Inc. shareholders. 19,800,000 shares
      of the Company are still to be transferred to Moneylogix Inc.
      shareholders, post agreement closure on May 28, 2008, pending changes to
      the number of shares authorized for
issuance;
 
 4.
                Moneylogix
      Inc. agreed to pay to the Company $250,000 for the satisfaction of all
      outstanding debt of the Company, including the outstanding amount owing to
      Mr. Cimerman. Moneylogix Inc. made payment of $250,000 to an agreed upon
      trust agent on May 28, 2008, to be released to the Company upon on the
      complete satisfaction of all the terms of the
  agreement;
 
 5.
                The
      Company will effect a 22 to 1 reverse split of the Company’s stock. The 22
      to 1 reverse stock split took place on May 28,
  2008;
 
 6.
                Following
      the 22 to 1 reverse stock split, Moneylogix Group agreed to issue 490,310
      shares of common stock (post 22-for-1 reverse stock split) to Mr.
      Cimerman, the former Company Chief executive and majority shareholder, in
      consideration for Mr. Cimerman retiring a certain portion of debt the
      Company owes him and cancelling 10,000 of Our Class A preferred shares and
      50 of Our Class AA Preferred Shares held by Mr. Cimerman. It was
      agreed that the 490,310 shares issued to Mr. Cimerman shall be restricted
      and locked up for transfer and monetization
      for 24 months.
 
 There are
no material differences in accounting treatment or federal income tax
consequences from the share exchange agreement. Similarly, We were not required
to obtain any federal or state regulatory approvals to complete the share
exchange agreement. Accordingly, We did not obtain any reports, opinions, or
appraisals relating to the fairness of the transaction because we deemed it an
unnecessary and costly expense given the nature of the transaction.
 
 During
the past two years, other than the share exchange agreement described
here-to-fore, there has not been any negotiations, transactions or material
contracts between the Company and Moneylogix Inc. regarding a merger,
consolidation, acquisition, tender offer, election of directors or sale/transfer
of material assets of either company.
 
 Moneylogix
Group, a development stage company, is currently developing plans to
strategically acquire financial service companies whose businesses and markets
served would complement each other. Management believe that current market
valuations provide multiple opportunities to consolidate under-valued or
distressed niche financial service companies, and through such consolidation,
offer better and more complete services to consumers under the “Moneylogix”
brand.
  Markets
that are currently being assessed include mortgage brokerage, mortgage lending,
credit cards, insurance, and real estate brokerage. It is expected that initial
operations will commence in Canada with expansion plans to include the creation
of additional subsidiaries to fulfill Moneylogix Group’s global
aspirations.
  The
Company’s corporate offices are at 27 Ardmore Crescent, Richmond Hill, Ontario,
CANADA.  Our current contact information for our office is telephone
number: (416) 452-0224.
  4
  Results
of Operations
 
 The
Company reported no revenue from operations during the year ending December 31,
2008. Comparatively, the Company reported no revenue from operations during the
year ending December 31, 2007.
 The
Company incurred expenses related primarily to professional fees of $21,748 for
the year ending December 31, 2008.  The Company also incurred $250,564
of reorganization cost for the year ending December 31,
2008.  Comparatively, for the year ending December 31, 2007, the
Company reported $5,000 of professional fees and $81,600 of consulting fees. The
Company reported total operating expenses of $358,912 for the period from
December 7, 2007 (the inception date of Moneylogix, Inc.) to December 31,
2008.
 
 The
Company recorded a Net Loss for the year ended December 31, 2008 of $272,312 and
a Net Loss of $86,600 for the year ended December 31, 2007.  For the
period from December 7, 2007 (inception date) to December 31, 2008, the Company
recorded a cumulative Net Loss of $358,912.
 
 Liquidity
and Capital Resources
  At
December 31, 2008, we had zero cash and zero total assets. Comparatively at
December 31, 2007, we had zero cash and zero total assets.
 
 At
December 31, 2008, we had $17,812 in accrued liabilities related to professional
fees for a total of $17,812 in liabilities.  Comparatively at December
31, 2007, the Company had $5,000 in accrued liabilities related to professional
fees for a total of $5,000 in liabilities.
 
 As there
are no current revenues from operating activities, the Company must presently
rely upon the issuance of common stock and additional capital contributions from
shareholders and/or loans from shareholders and third-party lenders to meet our
working capital needs. It is expected by management that the Company will need
to rely upon new capital contributions to pay the accrued
liabilities.
 
 Critical
Accounting Policies
 
 Our
financial statements and related public financial information are based on the
application of accounting principles generally accepted in the United States
(“GAAP”). GAAP requires the use of estimates; assumptions, judgments and
subjective interpretations of accounting principles that have an impact on the
assets, liabilities, revenue and expense amounts reported. These estimates can
also affect supplemental information contained in our external disclosures
including information regarding contingencies, risk and financial
condition.  We believe our use of estimates and underlying accounting
assumptions adhere to GAAP and are consistently and conservatively
applied.  We base our estimates on historical experience and on
various other assumptions that we believe to be reasonable under the
circumstances. Actual results may differ materially from these estimates under
different assumptions or conditions.  We continue to monitor
significant estimates made during the preparation of our financial
statements.
 
 Going
Concern
  The
Company’s financial statements are presented on a going concern basis, which
contemplates the realization of assets and satisfaction of liabilities in the
normal course of business.  For the year ended December 31, 2008, the
Company incurred a Net Loss of $272,312 and for the year ended December 31, 2007
the Company incurred a Net Loss of $86,600.  Certain conditions noted
below raise substantial doubt about the Company’s ability to continue as a going
concern.
  The
Company’s ability to continue as a going concern is contingent upon its ability
to secure additional debt or equity financing, initiate sales of its services
and achieve profitable operations.  Management’s plan is to secure
additional funds through future debt or equity financings.  Such
financing may not be available or may not be available on reasonable terms to
the Company.  The issuance of additional equity securities by us could
result in a significant dilution in the equity interests of our current
stockholders. Obtaining commercial loans, assuming those loans would be
available, will increase our liabilities and future cash
commitments.
 
 The
financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the possible inability of
the Company to continue as a going concern.
 
 Off-Balance
Sheet Arrangements
 
 None.
  5
  ITEM
3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
 
 The
Company is subject to certain market risks, including changes in interest rates
and currency exchange rates.  The Company does not undertake any specific
actions to limit those exposures.
  ITEM
4.  EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
  (a)             Management’s
Annual Report on Internal Control Over Financial Reporting.
 
 The
management of the Company is responsible for establishing and maintaining
adequate internal control over financial reporting.  The Company’s
internal control over financial reporting is a process designed under the
supervision of the Company’s Chief Executive Officer and Chief Financial Officer
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of the Company’s financial statements for external purposes
in accordance with U.S. generally accepted accounting principles.
 
 The
Company’s management, including its Chief Executive Officer and Chief Financial
Officer, does not expect that its disclosure controls and procedures, or its
internal controls will prevent all error and all fraud. A control system, no
matter how well conceived and operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met. Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefit of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected.
 
 This
report shall not be deemed to be filed for purposes of Section 18 of the
Securities Exchange Act of 1934, or otherwise subject to the liabilities of that
section, and is not incorporated by reference into any filing of the Company,
whether made before or after the date hereof, regardless of any general
incorporation language in such filing.
  (b)    Changes
in Internal Controls.
  There
have been no changes in the Company’s internal control over financial reporting
during the period ended December 31, 2008 that have materially affected, or are
reasonably likely to materially affect, the Company’s internal controls over
financial reporting.
  6
 
 PART
II:  OTHER INFORMATION
  ITEM
1.  LEGAL PROCEEDINGS
 
 None
 
 ITEM
2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS
 
 None
 
 ITEM 3.  DEFAULTS UPON SENIOR
SECURITIES
 
 Not
Applicable.
 
 ITEM
4:  SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
 None.
 
 ITEM
5:  OTHER INFORMATION
 
 None.
 
 ITEM
6:  EXHIBITS AND REPORTS ON FORM 8-K
 
 (a)
              Exhibits
 
 31.1      Certification
of the CEO and CFO Pursuant to Rule 13a-14(a) under the Securities Exchange Act
of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002
  32.1      Certification
of the CEO and CFO Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
 
 (b)
              Reports
      of Form 8-K
  On July
22, 2008, the Company filed a Form 8K disclosing entering into a material
definitive agreement regarding a share exchange and change in control of the
Company.
  7
  SIGNATURES
  Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, there unto duly authorized.
  MONEYLOGIX
      GROUP, INC.By:
                /s/ Majid HaditaghiMajid
      HaditaghiPrincipal
      Executive Officer,Principal
      Accounting Officer,President,
      Secretary and Director
  Dated:
April 1,
2009
  Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.
 
 NAME
              
              TITLE
              
              DATE/s/ Majid
      Haditaghi
              
              President,
      Secretary and Director
              
              April
      1, 2009Majid
      Haditaghi
  8
 
 MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 
 FINANCIAL
STATEMENTS
 
 DECEMBER
31, 2008
  F1
 
 MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 DECEMBER
31, 2008
 CONTENTS
  PageFINANCIAL
      STATEMENTSReport of Independent Registered
      Public Accounting Firm
                        
                        F3Balance
      Sheets
                        
                        F4Statements
      of Operations
                        
                        F5Statements
      of Cash Flows
                        
                        F6Statement
      of Stockholders’ Deficit
                        
                        F7Notes
      to the Financial Statements
                        
                        F8
      -
F12
  F2
 
 
 
 REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  To the
Board of Directors and
 Stockholders
of MoneyLogix Group, Inc.
  We have
audited the accompanying balance sheets of MoneyLogix Group, Inc. as of December
31, 2008 and 2007, and the related statements of operations, stockholder's
deficit, and cash flows for the years then ended and for the period from
Inception (December 7, 2007) to December 31, 2008. MoneyLogix Group, Inc's
management is responsible for these financial statements. Our responsibility is
to express an opinion on these financial statements based on our
audits.
  We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audits included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
  In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of MoneyLogix Group, Inc. as of
December 31, 2008 and 2007, and the results of its operations and its cash flows
for the years then ended and for the period from Inception (December 7, 2007) to
December 31, 2008 in conformity with accounting principles generally accepted in
the United States of America.
  The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note 3 to the financial
statements, the Company's significant operating losses raise substantial doubt
about its ability to continue as a going concern. The financial statements do
not include any adjustments that might not result from the outcome of this
uncertainty.
 
 
 Rochester,
New York
 March 31,
2009
 
 F3
  
 MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 BALANCE
SHEETS
  December 31,
                    2008
                  
                  
                  December 31,
                    2007ASSETSCurrent
      Assets
                  
                  
                  -
                  
                  
                  
                  -Total
      Assets
                  
                  $
                  -
                  
                  
                  $
                  -LIABILITIES
      AND STOCKHOLDERS' DEFICITCurrent
      LiabilitiesAccrued
      liabilities
                  
                  $
                  17,812
                  
                  
                  $
                  5,000Total
      Liabilities
                  
                  
                  17,812
                  
                  
                  
                  5,000Stockholders'
      DeficitPreferred
      Stock, $10 par value; 100,000 shares authorized, none issued (Note
      7)
                  
                  
                  -
                  
                  
                  
                  -Capital
      stock, $.001 par value; 100,000,000 shares authorized; 80,763,586 issued
      and outstanding (Note 7)
                  
                  
                  80,764
                  
                  
                  
                  80,000Additional
      Paid in Capital
                  
                  
                  275,056
                  
                  
                  
                  16,320Stock
      subscription receivable
                  
                  
                  (14,720
                  )
                  
                  
                  (14,720
                  )Deficit
      accumulated during the development stage
                  
                  
                  (358,912
                  )
                  
                  
                  (86,600
                  )Total
      Stockholders' Deficit
                  
                  
                  (17,812
                  )
                  
                  
                  (5,000
                  )Total
      Liabilities and Stockholders' Deficit
                  
                  $
                  -
                  
                  
                  $
                  -
 
 The
accompanying notes are an integral part of these financial
statements.
  F4
  MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 STATEMENTS
OF OPERATIONS
 
 For the Periodfrom December 7,Year Ended
                            
                            
                            2007 (inception)December 31,
                              2008
                            
                            
                            December 31,
                              2007
                            
                            
                            to December 31,
                              2008REVENUES
                            
                            $
                            -
                            
                            
                            $
                            -
                            
                            
                            $
                            -EXPENSESProfessional
      Fees
                            
                            
                            21,748
                            
                            
                            
                            5,000
                            
                            
                            
                            26,748Consulting
      Fees
                            
                            
                            -
                            
                            
                            
                            81,600
                            
                            
                            
                            81,600Cost
      of Reorganization
                            
                            
                            250,564
                            
                            
                            
                            -
                            
                            
                            
                            250,564TOTAL
      OPERATING EXPENSES
                            
                            
                            272,312
                            
                            
                            
                            86,600
                            
                            
                            
                            358,912NET
      LOSS
                            
                            $
                            (272,312
                            )
                            
                            $
                            (86,600
                            )
                            
                            $
                            (358,912
                            )Net
      loss per share - basic and diluted
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.00
                            )Weighted
      average number of shares outstanding - basic and diluted
                            
                            
                            80,443,656
                            
                            
                            
                            80,000,000
 
 The
accompanying notes are an integral part of these financial
statements.
  F5
 
 MONEYLOGIX GROUP,
INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 STATEMENTS
OF CASH FLOWS
  Year Ended December
                    31,2008
                  
                  
                  Year Ended
                    December 31,
                    2007
                  
                  
                  For the Period
                    from Inception
                    (December 7,
                    2007)
                    to
                    December 31,
                    2008Cash
      Flows from Operating ActivitiesNet
      loss
                  
                  
                  (272,312
                  )
                  
                  
                  (86,600
                  )
                  
                  $
                  (358,912
                  )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Stock
      issued for services
                  
                  
                  -
                  
                  
                  
                  81,600
                  
                  
                  
                  81,600Non-Cash
      Cost of Reorganization
                  
                  
                  250,564
                  
                  
                  
                  
                  
                  
                  
                  250,564Expenses
      paid by Stockholder
                  
                  
                  8,936
                  
                  
                  
                  
                  
                  
                  
                  8,936(Increase)
      decrease in net assets:Accrued
      liabilities
                  
                  
                  12,812
                  
                  
                  
                  5,000
                  
                  
                  
                  17,812Net
      Cash Used in Operating Activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash
      Flows from Investing ActivitiesNet
      Cash Provided by Investing Activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash
      Flows from Financing Activities-
                  
                  
                  
                  -
                  
                  
                  
                  -Net
      Cash Provided by Financing Activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Net
      Decrease in Cash and Cash Equivalents
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash
      and Cash Equivalents - Beginning of Period
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash
      and Cash Equivalents - End of Period
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Supplemental
      Cash Flow InformationInterest
      paid
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Income
      taxes paid
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
  The
accompanying notes are an integral part of these financial
statements.
  F6


MONEYLOGIX GROUP,
INC.
 (A
Development Stage Company)
 STATEMENTS
OF STOCKHOLDERS' DEFICIT
 FOR
THE PERIOD FROM THE DATE OF INCEPTION
 (DECEMBER
7, 2007) TO DECEMBER 31, 2008
 
 Common
      Stock
                                            
                                            
                                            Preferred
      Stock
                                            
                                            Additional
                                              Paid-In
                                            
                                            
                                            Stock
                                              Subscription
                                            
                                            
                                            Deficit
                                              Accumulated
                                              During
                                              the
                                              Development
                                            
                                            
                                            Total
                                              Stockholders'Shares
                                            
                                            
                                            Amount
                                            
                                            
                                            Shares
                                            
                                            
                                            Amount
                                            
                                            
                                            Capital
                                            
                                            
                                            Receivable
                                            
                                            
                                            Stage
                                            
                                            
                                            DeficitIssuance
      of commonstock
      for services
                                            
                                            
                                            65,280,000
                                            *
                                            
                                            $
                                            65,280
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            16,320
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            81,600Issuance
      ofcommon
      stock
                                            
                                            
                                            14,720,000
                                            *
                                            
                                            $
                                            14,720
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            (14,720
                                            )
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -Net
      loss
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            (86,600
                                            )
                                            
                                            $
                                            (86,600
                                            )Balance,December
      31, 2007
                                            
                                            
                                            80,000,000
                                            
                                            
                                            $
                                            80,000
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            16,320
                                            
                                            
                                            $
                                            (14,720
                                            )
                                            
                                            $
                                            (86,600
                                            )
                                            
                                            $
                                            (5,000
                                            )May
      28, 2008 CommonShares
      Outstanding toformer
      HomeLife, Inc.Shareholders
                                            
                                            
                                            563,586
                                            
                                            
                                            $
                                            564
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            250,000
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            250,564June
      13, 2008  Issuance to former MoneylogixInc.
      Shareholder
                                            
                                            
                                            200,000
                                            
                                            
                                            $
                                            200
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            (200
                                            )
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -September
      17, 2008 –Invoices
      Paid by Shareholder
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            1,436
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            1,436May
      28, 2008 PreferredSharesOutstanding
      ofFormer
      HomeLife, Inc. Shareholders
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            1,500
                                            
                                            
                                            $
                                            15,000
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            15,000September
      25, 2008 – PreferredShares
      Cancelled
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            (1,500
                                            )
                                            
                                            $
                                            (15,000
                                            )
                                            
                                            
                                            
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            (15,000
                                            )November
      18, 2008 -  Invoice Paid
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            7,500
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            7,500Net
      Loss
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            $
                                            (272,
      312
                                            )
                                            
                                            $
                                            (272,312
                                            )Balance,December
      31, 2008
                                            
                                            
                                            80,763,586
                                            
                                            
                                            $
                                            80,764
                                            
                                            
                                            
                                            -
                                            
                                            
                                            $
                                            -
                                            
                                            
                                            
                                            275,056
                                            
                                            
                                            $
                                            (14,720
                                            )
                                            
                                            $
                                            (358,912
                                            )
                                            
                                            $
                                            (17,812
                                            )
  * Share
and per share amounts reflect the effect of the May 28, 2008
reorganization.
 
 The
accompanying notes are an integral part of these financial
statements.
  F7
  MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 NOTES
TO THE FINANCIAL STATEMENTS
 DECEMBER
31, 2008
  1.
              NATURE
      OF OPERATIONS AND ORGANIZATION
  Nature
of Operations
  MoneyLogix
Group, Inc. ("MoneyLogix" or the “Company”), (formerly Homelife, Inc.), which
registered a change of name with the State of Nevada on January 29, 2008 was
formerly know as Homelife, Inc. and is organized under the laws of the State of
Nevada. The Company is a development stage company that is currently developing
plans to strategically acquire financial service companies whose businesses and
markets served would complement each other.
 
 Moneylogix
Group, Inc. entered into a share exchange agreement on January 3, 2008 with
Moneylogix Inc., a Delaware private corporation. The reverse merger transaction
effected a change of control of the Company. The accounting acquirer is
MoneyLogix, Inc. and the historical operations of the Company are the operations
of MoneyLogix, Inc. Pursuant to the terms of the share exchange agreement, the
parties agreed to the following:
 
 1.
              Mr.
      Cimerman, the former Company Chief executive and majority shareholder,
      agreed to transfer 458,000 shares of the Company to the Company treasury
      in exchange for the spin off of all assets and liabilities of the Company
      to Mr. Cimerman. This was executed at closing on May 28, 2008. Mr.
      Cimerman still had a shareholder loan to be satisfied by the
      Company;
 
 2.
              Moneylogix
      Group agreed to change the name of the Company from Homelife, Inc. to
      Moneylogix Group, Inc. This was executed on January 29th
      , 2008;
 
 3.
              Moneylogix
      Group agreed to issue 100,000,000 shares of our common stock to Moneylogix
      Inc. in exchange for 100% of Moneylogix Inc.’s issued and outstanding
      stock. 80,000,000 shares of the Company were issued on May 28, 2008 to
      Moneylogix Inc. 100% of the shares of Moneylogix Inc. were transferred to
      Moneylogix Group making Moneylogix Inc. a wholly owned subsidiary of the
      Company on May 28, 2008. On June 13, 2008, 200,000 additional shares of
      the Company were issued to Moneylogix Inc. shareholders. 19,800,000 shares
      of the Company are still to be transferred to Moneylogix Inc.
      shareholders, post agreement closure on May 28, 2008, pending changes to
      the number of shares authorized for
issuance;
 
 4.
              Moneylogix
      Inc. agreed to pay to the Company $250,000 for the satisfaction of all
      outstanding debt of the Company, including the outstanding amount owing to
      Mr. Cimerman. Moneylogix Inc. made payment of $250,000 to an agreed upon
      trust agent on May 28, 2008, to be released to the Company upon on the
      complete satisfaction of all the terms of the
  agreement;
 
 5.
              The
      Company will effect a 22 to 1 reverse split of the Company’s stock. The 22
      to 1 reverse stock split took place on May 28,
  2008;
 
 6.
              Following
      the 22 to 1 reverse stock split, Moneylogix Group agreed to issue 490,310
      shares of common stock (post 22-for-1 reverse stock split) to Mr.
      Cimerman, the former Company Chief executive and majority shareholder, in
      consideration for Mr. Cimerman retiring a certain portion of debt the
      Company owes him and cancelling 10,000 of Our Class A preferred shares and
      50 of Our Class AA Preferred Shares held by Mr. Cimerman. It was agreed
      that the 490,310 shares issued to Mr. Cimerman shall be restricted and
      locked up for transfer and monetization for 24
  months.
  F8
  MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 NOTES
TO THE FINANCIAL STATEMENTS
 DECEMBER
31, 2008
 
 2.
              BASIS
      OF PRESENTATION
  The
Company has not earned any revenues from limited principal operations and
accordingly, the Company's activities have been accounted for as those of a
"Development Stage Enterprise" as set forth in Statement of Financial Accounting
Standards (“SFAS”) No. 7,Accounting and Reporting
by Development Stage Enterprises  (“SFAS No. 7 “). Among the
disclosures required by SFAS No. 7 are that the Company's financial statements
be identified as those of a development stage company, and that the statements
of operations, stockholders' deficit and cash flows disclose activity since the
date of the Company's inception.
 
 3.
              GOING
      CONCERN
  These
financial statements have been prepared assuming the Company will continue on a
going-concern basis. The Company has incurred losses since inception and the
ability of the Company to continue as a going-concern depends upon its ability
to develop profitable operations and to continue to raise adequate financing.
Management is actively targeting sources of additional financing to provide
continuation of the Company’s operations. In order for the Company to meet its
liabilities as they come due and to continue its operations, the Company is
solely dependent upon its ability to generate such financing.
  There can
be no assurance that the Company will be able to continue to raise funds, in
which case the Company may be unable to meet is obligations. Should the Company
be unable to realize its assets and discharge its liabilities in the normal
course of business, the net realizable value of its assets may be materially
less than the amounts recorded in these financial statements.
  The
financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts and classification
of liabilities that might be necessary should the Company be unable to continue
in existence.
  F9
  MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 NOTES
TO THE FINANCIAL STATEMENTS
 DECEMBER
31, 2008
  4.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
  The
accounting policies of the Company are in accordance with accounting principles
generally accepted in the United States of America. Presented below are those
policies considered particularly significant:
  Basis
of Accounting
  The
accompanying financial statements have been prepared on the accrual basis of
accounting in accordance with accounting principles generally accepted in the
United States of America.
 
 Fair
Value of Financial Instruments
  The
Company's financial instruments consist of accrued liabilities. Unless otherwise
noted, it is management's opinion that the Company is not exposed to significant
interest, currency or credit risks arising from these financial instruments. The
fair value of these financial instruments approximate their carrying values at
December 31, 2008 and 2007, unless otherwise noted.
  Income
Taxes
  The
Company accounts for income taxes pursuant to SFAS No. 109,Accounting for Income Taxes.
Deferred tax assets and liabilities are recorded for differences between the
financial statements and tax basis of the assets and liabilities that will
result in taxable or deductible amounts in the future based on enacted tax laws
and rates. Valuation allowances are established when necessary to reduce
deferred tax assets to the amount expected to be realized. Income tax expense is
recorded for the amount of income tax payable or refundable for the period
increased or decreased by the change in deferred tax assets and liabilities
during the period.
  Use
of Estimates
  The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
the 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. These
estimates are reviewed periodically, and, as adjustments become necessary, they
are reported in earnings in the period in which they become known.
  Earnings
or Loss Per Share
  The
Company accounts for earnings per share pursuant to SFAS No. 128,Earnings per Share, which
requires disclosure on the financial statements of "basic" and "diluted"
earnings (loss) per share. Basic earnings (loss) per share is computed by
dividing net income (loss) by the weighted average number of common stock
outstanding for the year. Diluted earnings (loss) per share is computed by
dividing net income (loss) by the weighted average number of common stock
outstanding plus common stock equivalents (if dilutive) related to stock options
and warrants for each year.
  There
were no dilutive financial instruments for the period from December 7, 2007
(inception) to December 31, 2008.
 
 Stock-Based
Compensation
  In
December 2004, the Financial Accounting Standards Board (“FASB”) issued SFAS No.
123R,Share-Based
Payment  ("SFAS No. 123R"). SFAS No. 123R establishes standards
for the accounting for transactions in which an entity exchanges its equity
instruments for goods or services. It also addresses transactions in which an
entity incurs liabilities in exchange for goods or services that are based on
the fair value of the entity’s equity instruments or that may be settled by the
issuance of those equity instruments. SFAS No. 123R focuses primarily on
accounting for transactions in which an entity obtains employee services in
share-based payment transactions. SFAS No. 123R requires that the compensation
cost relating to share-based payment transactions be recognized in the financial
statements. That cost will be measured based on the fair value of the equity or
liability instruments issued.
  F10
  MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 NOTES
TO THE FINANCIAL STATEMENTS
 DECEMBER
31, 2008
  4.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
  Recent
Accounting Pronouncements
 
 In
December 2007, the FASB issued SFAS No. 141 (R)Business Combinations. SFAS
141R establishes principles and requirements for how the acquirer of a business
recognizes and measures in its financial statements the identifiable assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree. SFAS 141R also provides guidance for recognizing and measuring the
goodwill acquired in the business combination and determines what information to
disclose to enable users of the financial statements to evaluate the nature and
financial effects of the business combination. The guidance will become
effective as of the beginning of the Company’s fiscal year beginning after 15
December 2008. Management believes the adoption of this pronouncement will not
have a material impact on the Company's financial statements.
 
 In
December 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standard (“SFAS”) No. 160, "Noncontrolling Interests in
Consolidated Financial Statements, an amendment of ARB No. 51”. SFAS 160
establishes accounting and reporting standards for the noncontrolling interest
in a subsidiary and for the deconsolidation of a subsidiary. SFAS 160 is
effective for fiscal years, and interim periods within those fiscal years,
beginning on or after December 15, 2008. As such, the Company is required to
adopt these provisions at the beginning of the fiscal year ended December 31,
2009/2010. The Company is currently evaluating the impact of SFAS 160 on its
financial statements but does not expect it to have a material
effect.
 
 In March
2008, the Financial Accounting Standards Board (“FASB”) issued Statement of
Financial Accounting Standard (“SFAS”) No. 161, "Disclosures about Derivative
Instruments and Hedging Activities—an amendment of FASB Statement No. 133
”. SFAS 161 requires enhanced disclosures about an entity’s derivative and
hedging activities. SFAS 161 is effective for financial statements issued for
fiscal years and interim periods beginning after November 15, 2008 with early
application encouraged. As such, the Company is required to adopt these
provisions at the beginning of the fiscal year ended December 31, 2009. The
Company is currently evaluating the impact of SFAS 161 on its financial
statements but does not expect it to have a material effect.
 
 In May
2008, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standard (“SFAS”) No. 162, "The Hierarchy of Generally Accepted
Accounting Principles ”. SFAS 162 identifies the sources of accounting
principles and the framework for selecting the principles used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States. SFAS 162 is effective 60 days following the SEC’s approval of
the Public Company Accounting Oversight Board amendments to AU Section 411, The
Meaning of Present Fairly in Conformity With Generally Accepted Accounting
Principles. The Company is currently evaluating the impact of SFAS 162 on its
financial statements but does not expect it to have a material
effect.
 
 In May
2008, the Financial Accounting Standards Board (“FASB”) issued Statement of
Financial Accounting Standard (“SFAS”) No. 163, "Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No. 60 " (“SFAS
163”). SFAS 163 interprets Statement 60 and amends existing accounting
pronouncements to clarify their application to the financial guarantee insurance
contracts included within the scope of that Statement. SFAS 163 is effective for
financial statements issued for fiscal years beginning after December 15, 2008,
and all interim periods within those fiscal years. As such, the Company is
required to adopt these provisions at the beginning of the fiscal year ended
December 31, 2009. The Company is currently evaluating the impact of SFAS 163 on
its financial statements but does not expect it to have a material
effect.
  F11
 
 MONEYLOGIX
GROUP, INC.
 [Formerly
Known as Homelife, Inc.]
 (A
Development Stage Company)
 NOTES
TO THE FINANCIAL STATEMENTS
 DECEMBER
31, 2008
  5.
              SUPPLEMENTAL
      CASH FLOW INFORMATION
  During
the years ended  December 31, 2008 and 2007, there was no interest or
taxes paid by the Company.
  6.
              INCOME
      TAXES
  The
Company accounts for income taxes in accordance with SFAS No. 109. SFAS No. 109
prescribes the use of the liability method whereby deferred tax asset and
liability account balances are determined based on differences between the
financial reporting and tax bases of assets and liabilities and are measured
using the enacted tax rates. The effects of future changes in tax laws or rates
are not anticipated.
  Under
SFAS No. 109 income taxes are recognized for the following: a) amount of tax
payable for the current year, and b) deferred tax liabilities and assets for
future tax consequences of events that have been recognized differently in the
financial statements than for tax purposes.
  The
Company has income tax losses available to be applied against future years
income as a result of the losses incurred since inception. However, due to the
losses incurred in the period and expected future operating results, management
determined that it is more likely than not that the deferred tax asset resulting
from the tax losses available for carry forward will not be realized through the
reduction of future income tax payments. Accordingly a 100% valuation allowance
has been recorded for income tax losses available for carry
forward.
  7.
              CAPITAL
      STOCK
  a) Authorized
 
 100,000
Class A Preferred shares of no par value, 6% non-cumulative dividend, voting,
convertible to common shares at the option of the shareholder at a price equal
to the face value of the Class A shares. Each Class A Preferred share carries
1,000 votes as compared with 1 vote for each Common share.  There were
no shares issued and outstanding at December 31, 2008 and December 31,
2007.
 
 100,000,000
Common shares of $0.001 par value
  Issued
  December
      31,
                                      
                                      December
      31,2008
                                      
                                      2007Shares
      Issued and Outstanding
                                      
                                      80,763,586
                                      
                                      
                                      80,000,000
                                      *$
                                      80,764
                                      
                                      $
                                      80,000
 *Share
and per share amounts reflect the effect of the May 28, 2008
reorganization.
  F12