Delaware
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56-2590442
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(State
or other jurisdiction of
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(IRS
Employer
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incorporation
or organization)
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Identification
No.)
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Large
Accelerated filer ¨
Non-accelerated
filer ¨
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Accelerated
filer ¨
Smaller
reporting company x
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Page
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PART
I. FINANCIAL INFORMATION
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ITEM
1. Unaudited Financial Statements
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Balance
Sheets at December 31, 2010 (Unaudited) and June 30, 2010
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2
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Statements
of Operations for the Three and Six Months Ended December 31, 2010 and
December 31, 2009 and for the period from June 2, 2006 (Date of Inception)
to December 31, 2010 (Unaudited)
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3
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Statement
of Changes in Stockholders’ Equity (Deficit) for the period from June 2,
2006 (Date of Inception) to December 31, 2010 (Unaudited)
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4
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Statements
of Cash Flows for the Six Months Ended December 31, 2010 and December 31,
2009 and for the period from June 2, 2006 (Date of Inception) to December
31, 2010
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5
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Notes
to Financial Statements
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6
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ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATION
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8
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ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
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10
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ITEM
4. CONTROLS AND PROCEDURES
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10
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PART
II OTHER INFORMATION
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ITEM
6. EXHIBITS
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10
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SIGNATURES
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11
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December
31, 2010
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June
30,
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|||||||
(unaudited)
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2010
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|||||||
ASSETS
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||||||||
Current
Assets
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||||||||
Cash
and cash equivalents
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$ | 3,100 | $ | 12,012 | ||||
TOTAL
ASSETS
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$ | 3,100 | $ | 12,012 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)
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||||||||
Current
Liabilities
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Accrued
expenses
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$ | 4,818 | $ | 12,358 | ||||
TOTAL
CURRENT LIABILITIES
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4,818 | 12,358 | ||||||
STOCKHOLDERS'
EQUITY (DEFICIT)
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||||||||
Preferred
stock, $.0001 par value; 10,000,000 shares authorized, none issued and
outstanding
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- | - | ||||||
Common
stock, $.0001 par value; 75,000,000 shares authorized, 2,500,000 issued
and outstanding
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250 | 250 | ||||||
Additional
paid-in capital
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121,500 | 113,000 | ||||||
Deficit
accumulated during the development stage
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(123,468 | ) | (113,596 | ) | ||||
TOTAL
STOCKHOLDERS' EQUITY (DEFICIT)
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(1,718 | ) | (346 | ) | ||||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
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$ | 3,100 | $ | 12,012 |
For the period
from June 2, 2006
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Three Months Ended
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Six Months Ended
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(Date of Inception)
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December 31,
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December 31,
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To
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2010
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2009
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2010
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2009
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December
31, 2010
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Expenses
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Professional
fees
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$ | 3,850 | $ | 3,500 | $ | 7,700 | $ | 6,500 | $ | 104,950 | ||||||||||
Other
operating expenses
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1,379 | 827 | 2,174 | 1,646 | 18,625 | |||||||||||||||
Total
operating expenses
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5,229 | 4,327 | 9,874 | 8,146 | 123,575 | |||||||||||||||
Interest
Income
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1 | 1 | 2 | 2 | 107 | |||||||||||||||
Net
loss
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$ | (5,228 | ) | $ | (4,326 | ) | $ | (9,872 | ) | $ | (8,144 | ) | $ | (123,468 | ) | |||||
Weighted
average number of common shares outstanding – basic and
diluted
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2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | ||||||||||||||||
Net
loss per share – basic and diluted
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$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
Deficit
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Accumulated
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Total
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Preferred
Stock- Par value
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Common
Stock- Par value
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Additional
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During
the
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Stockholders'
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||||||||||||||||||||||||
of
$.0001 per share
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of
$.0001 per share
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Paid-in
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Development
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Equity
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||||||||||||||||||||||||
Shares
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Amount
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Shares
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Amount
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Capital
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Stage
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(Deficit)
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||||||||||||||||||||||
Common
shares issued (inception) (June 2, 2006 $0.0001 per share)
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- | $ | - | 2,500,000 | $ | 250 | $ | - | $ | - | $ | (250 | ) | |||||||||||||||
Contributed
capital, June 8, 2006
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- | - | - | - | 40,000 | - | 40,000 | |||||||||||||||||||||
Net
loss
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- | - | - | - | (18,483 | ) | (18,483 | ) | ||||||||||||||||||||
Balance
at June 30, 2006 (Audited)
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- | - | 2,500,000 | 250 | 40,000 | (18,483 | ) | 21,767 | ||||||||||||||||||||
Contributed
capital
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- | - | - | - | 12,500 | - | 12,500 | |||||||||||||||||||||
Net
loss
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- | - | - | - | - | (29,687 | ) | (29,687 | ) | |||||||||||||||||||
Balance
at June 30, 2007 (Audited)
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- | - | 2,500,000 | 250 | 52,500 | (48,170 | ) | 4,580 | ||||||||||||||||||||
Contributed
capital
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- | - | - | - | 7,000 | - | 7,000 | |||||||||||||||||||||
Net
loss
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- | - | - | - | - | (24,891 | ) | (24,891 | ) | |||||||||||||||||||
Balance
at June 30, 2008 (Audited)
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- | - | 2,500,000 | 250 | 59,500 | (73,061 | ) | (13,311 | ) | |||||||||||||||||||
Contributed
capital
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- | - | - | - | 30,500 | - | 30,500 | |||||||||||||||||||||
Net
loss
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- | - | - | - | - | (20,009 | ) | (20,009 | ) | |||||||||||||||||||
Balance
at June 30, 2009 (Audited)
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- | - | 2,500,000 | 250 | 90,000 | (93,070 | ) | (2,820 | ) | |||||||||||||||||||
Contributed
capital
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- | - | - | - | 23,000 | - | 23,000 | |||||||||||||||||||||
Net
loss
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- | - | - | - | - | (20,526 | ) | (20,526 | ) | |||||||||||||||||||
Balance
at June 30, 2010 (Audited)
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- | - | 2,500,000 | 250 | 113,000 | (113,596 | ) | (346 | ) | |||||||||||||||||||
Contributed
capital
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- | - | - | - | 8,500 | - | 8,500 | |||||||||||||||||||||
Net
loss
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- | - | - | - | - | (9,872 | ) | (9,872 | ) | |||||||||||||||||||
Balance
at December 31, 2010 (Unaudited)
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- | - | 2,500,000 | $ | 250 | $ | 121,500 | $ | (123,468 | ) | $ | (1,718 | ) |
For the period
from
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June 2, 2006
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Six Months Ended
December 31,
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(Date of
Inception)to December 31,
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2010
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2009
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2010
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CASH
FLOWS FROM OPERATING ACTIVITIES
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Net
loss
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$ | (9,872 | ) | $ | (8,144 | ) | $ | (123,468 | ) | |||
Changes
in operating assets and liabilities
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Increase
(decrease) in accrued expenses
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(7,540 | ) | (5,700 | ) | 4,818 | |||||||
NET
CASH USED IN OPERATING ACTIVITIES
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(17,412 | ) | (13,844 | ) | (118,650 | ) | ||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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Proceeds
received from subscribers of common stock
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- | - | 250 | |||||||||
Contributed
capital
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8,500 | 12,000 | 121,500 | |||||||||
NET
CASH PROVIDED BY FINANCING ACTIVITIES
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8,500 | 12,000 | 121,750 | |||||||||
NET
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
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(8,912 | ) | (1,844 | ) | 3,100 | |||||||
CASH
AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
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12,012 | 8,688 | - | |||||||||
CASH
AND CASH EQUIVALENTS AT END OF PERIOD
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$ | 3,100 | $ | 6,844 | $ | 3,100 | ||||||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOWS INFORMATION
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Interest
paid
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$ | - | $ | - | $ | - | ||||||
Income
taxes
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$ | - | $ | - | $ | - |
Exhibit
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Description
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31.1
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Certification
of the Company’s Principal Executive Officer pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002.
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31.2
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Certification
of the Company’s Principal Financial Officer pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002.
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32.1
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Certification
of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of
2002.
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32.2
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Certification
of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of
2002.
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R&R
ACQUISITION VI, INC.
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Dated:
January 27, 2011
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/s/
Arnold P. Kling
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Arnold
P. Kling, President
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(Principal
Executive Officer)
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Dated:
January 27, 2011
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/s/
Kirk M. Warshaw
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Kirk
M. Warshaw, Chief Financial Officer
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(Principal
Financial and Accounting
Officer)
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