Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
FAMILY ROOM ENTERTAINMENT CORPORATION
22600-C Lambert Street
Suite 902
Lake Forest, CA 92630
949-689-061
Website: https://fmlyroom.com/
Email: markcheung@fmlyroom.com
SIC Code: 5251
Quarterly Report
For the Period Ending: September 30, 2021
(the "Reporting Period")
As of September 30, 2021, the number of shares outstanding of our Stock was:
Common: 71,962,493 | Preferred: 1,621,625 |
As of June 30, 2021 (Prior Fiscal year-end), the number of shares outstanding of our Stock was:
Common: 71,962,493 | Preferred: 1,621,625 |
As of June 30, 2020 (prior Fiscal year-end), the number of shares outstanding of our Stock was:
Common: 71,962,493 | Preferred: 1,621,625 |
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes: | No: |
Indicate by check mark whether the company's shell status has changed since the previous reporting period:
Yes: | No: |
Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:
Yes: | No: |
1 "Change in Control" shall mean any events resulting in:
-
Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the
Company's then outstanding voting securities; - The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
- A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
- The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
- Name and address of the issuer and its predecessors (if any)
In answering this item, please also provide any names used by predecessor entities and the dates of the name changes.
Family Room Entertainment Corporation: since 5-22-2000
Cobb Resources Corporation: Since 5-15-1969
Date and state (or jurisdiction) of incorporation (also describe any changes to incorporation since inception, if applicable) Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
New Mexico Corporation originally organized and incorporated: 5-15-1969
Current standing: Active
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors:
None
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
Acquired Safestarr Inc. in October 2018, a California corporation.
Address of the issuer's principal executive office and place of business:
Check box if principal executive office and place of business are the same location:
22600-C Lambert Street
Suite 902
Lake Forest, CA 92630
Has the issuer or any of its predecessors ever been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: | No: |
2) | Security Information | |
Trading symbol: | FMYR | |
Exact title and class of securities outstanding: | Common | |
CUSIP: | 30705R 20 4 | |
Par or stated value: | $0.001 | |
Total shares authorized: | 2,000,000,000 as of date: September 30, 2021 | |
Total shares outstanding: | 71,962,493 as of date: September 30, 2021 | |
Number of shares in the Public Float2: | 6,679,671 as of date: September 30, 2021 | |
Total number of shareholders of record: | 1,017 as of date: September 30, 2021 |
2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
Trading symbol: | n/a | ||
Exact title and class of securities outstanding: | Preferred | ||
CUSIP: | n/a | ||
Par or stated value: | $0.001 | ||
Total shares authorized: | 5,000,000 | as of date: September 30, 2021 | |
Total shares outstanding: | 1,621,625 | as of date: Sept 30, 2021 | |
All additional class(es) of publicly traded securities (if any): | |||
None | |||
Transfer Agent | |||
Name: | Signature Stock Transfer, Inc. | ||
14673 Midway Road, Suite 220, Addison, Texas 75001 | |||
Tel: 972-612-4120 | |||
Email: | signaturestocktransfer@msn.com | ||
Is the Transfer Agent registered under the Exchange Act?3 Yes: | No: |
- Issuance History
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods:
3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
Shares | |||||||||
outstanding as of | |||||||||
Second Most | Opening Balance: | ||||||||
Recent Fiscal | |||||||||
Year end | |||||||||
6/30/2018 | Common: 43,072,234 | ||||||||
Preferred: 3,535,581 | |||||||||
Date of | Transaction type (e.g. new | Value of | Were the | Reason for share issuance (e.g. for cash | Restricted or | Exemption or | |||
Number of Shares | shares issued | shares issued Individual/ Entity Shares were issued to (entities must have | Unrestricted | ||||||
issuance, cancellation, shares | Class of Securities | or debt conversion) OR Nature of | Registration | ||||||
Issued (or cancelled) | ($/per share) | at a discount | individual with voting / investment control disclosed). | as of this | |||||
Transaction | returned to treasury) | Services Provided (if applicable) | Type? | ||||||
at Issuance | to market | filing? | |||||||
Common Stock | |||||||||
7/1/2018 | New issuance | 2,072,650 | Common | 0.0200 no | Charlie Abujudeh | Debt conversion | Restricted Exempt | ||
8/31/2018 | Cancellation | (10,000,000) | Common | 0.0200 no | James Haas - Cancellation | Consulting fees | Restricted Exempt | ||
8/31/2018 | Cancellation | (10,000,000) | Common | 0.0200 no | Owen Naccarato - Cancellation | Consulting fees | Restricted Exempt | ||
8/31/2018 | Cancellation | (5,000,000) | Common | 0.0200 no | Maqsood Rehman - Cancellation | Consulting fees | Restricted Exempt | ||
8/31/2018 | Cancellation | (1,500,000) | Common | 0.0200 no | Justin Wall - Cancellation | Consulting fees | Restricted Exempt | ||
8/31/2018 | Cancellation | (291,667) | Common | 0.0200 no | Qin Media Limited - Justin Wall | Consulting fees | Restricted Exempt | ||
9/4/2018 | New issuance | 30,000,000 | Common | 0.0200 no | Mark Cheung | Consulting fees | Restricted Exempt | ||
9/14/2018 | New issuance | 159,295 | Common | 0.0100 no | Longview Fund L.P. - Michael Rudolph | Convert Preferred Shares | Restricted Exempt | ||
11/1/2018 | New issuance | 25,000,000 | Common | 0.0200 no | Jason DeSalvatore | Acquisition - Safestarr | Restricted Exempt | ||
12/12/2018 Cancellation | (6,000,000) | Common | 0.0620 no | Greengro Technologies, Inc. - James Haas | Cancel Weed Wall acquisition | Restricted Exempt | |||
Balance 6/30/2019 | 67,512,512 | ||||||||
7/8/2019 | Debt Conversion | 2,600,581 | Common | 0.0200 no | Intermarket Associates, LLC - Charlie Abujudeh | Convertible Debt Coversion | Restricted Exempt | ||
7/8/2019 | Debt Conversion | 1,849,400 | Common | 0.0200 no | Intermarket Associates, LLC - Charlie Abujudeh | Convertible Debt Coversion | Restricted Exempt | ||
Balance 6/30/2021 | 71,962,493 | ||||||||
New Issuance | 0 | ||||||||
Balance 9-30-2021 | 71,962,493 | ||||||||
Preferred Stock | |||||||||
6/5/2018 | Conversion | (366,081) | Preferred | no market no | Greg Terkovich | Debt | n/a | Exempt | |
9/14/2018 | Conversion | (1,647,875) | Preferred | no market no | Longview Fund L.P - Michael. Rudolph | Debt | n/a | Exempt | |
Series A | 1,521,625 | ||||||||
10/1/2018 | New issuance | 50,000 | Preferred | no market no | Mark Cheung | Acquistion | n/a | Exempt | |
10/1/2018 | New issuance | 50,000 | Preferred | no market no | Jason Salvatore | Acquistion | n/a | Exempt | |
Series B | 100,000 | ||||||||
Balance 6/30/2021 | 1,621,625 | ||||||||
New issuance | 0 | ||||||||
Balance 9/30/2021 | 1,621,625 | ||||||||
Share Outstanding on Date of this Report | |||||||||
Ending Balance | |||||||||
Ending Balance | |||||||||
Date: | September 30, 2021 | common: | 71,962,493 | ||||||
Preferred: | 1,621,625 |
B. Debt Securities, Including Promissory and Convertible Notes
Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements:
Conversion Terms (e.g. | Reason for | ||||||||||
Date of Note Issuance | Outstanding | Principal Amount at | Interest Accrued ($) Maturity Date | pricing mechanism for | Name of Noteholder | Issuance (e.g. | Interest Rate | ||||
Balance ($) | Issuance ($) | determining conversion of | Loan, Services, | ||||||||
instrument to shares) | etc.) | ||||||||||
Convertible Notes | |||||||||||
7/12/2017 | $ | 51,825 | $ | 37,582 | $ | 14,243 | 7/12/2018 par value | Charlie Abujudeh | Assignment | 4% | |
5/2/2017 | $ | 1,882 | 1,547.00 | $ | 335 | 5/2/2018 oar value | Charlie Abujudeh | Assignment | 4% | ||
3/16/2018 | $ | 36,798 | 31,142.00 | $ | 5,656 | 3/16/2019 par value | Abraham Abu | Assignment | 4% | ||
7/6/2015 | $ | 11,615 | 9,008.00 | $ | 2,607 | 7/5/2016 par value | Abraham Abu | Assignment | 4% | ||
6/25/2011 | $ | 255,309 | 118,482.00 | $ | 136,827 | 6/24/2012 $30.00 per share | Charlie Abujudeh | Assignment | 6% | ||
357,429.37 | 197,761.00 | ||||||||||
Notes Payable | |||||||||||
- | |||||||||||
9/5/2018 | 245,266.00 | 245,266.00 | - | on demand | Charlie Abujudeh | Loan | 0% | ||||
9/5/2018 | 28,830.00 | 28,830.00 | - | on demand | Owen Naccarato | Loan | 0% | ||||
274,096.00 | |||||||||||
Total September 30, 2021 | $ | 471,857 | $ | 159,668 |
- Financial Statements
-
The following financial statements were prepared in accordance with:
U.S. GAAP
IFRS - The financial statements for this reporting period were prepared by (name of individual)4:
Name: | Michael Berg |
Title: | n/a |
Relationship to Issuer: | Consultant |
Financial Statements are incorporated by this reference.
4 The financial statements requested pursuant to this item must be prepared in accordance with US GAAP or IFRS by persons with sufficient financial skills.
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Family Room Entertainment Corporation published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 20:21:07 UTC.