UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

____________________________________________________________

FORM 10-Q

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended:  March 31, 2015


OR


[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _________ to ________


Commission file number: 333-190836


KEY LINK ASSETS CORP.

(Exact Name of Registrant as Specified in Charter)

Delaware

27-3439423

(State or other jurisdiction

(IRS Employer

of incorporation)

Identification No.)


216 South Jefferson, Suite LL1, Chicago, IL

60661

(Address of principal executive offices)

(Zip Code)


312-397-9300, Extension 204

Registrant’s telephone number, including area code:


 

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 period 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]  No [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [X]  No [  ]


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer  [  ]

 

Accelerated filer  [  ]

Non-accelerated filer  [  ]

 

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]  No [  ]

 

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:

 

Common Stock: 14,702,250 shares outstanding as of May 15, 2015.






TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION

 

 

 

 

Item 1. Financial Statements

3

 

 

 

 

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

9

 

 

 

 

Item 3. Quantitative and Qualitative Analysis About Market Risk

11

 

 

 

 

Item 4. Controls and Procedures

11

 

 

 

PART II - OTHER INFORMATION

 

 

 

 

Item 1. Legal Proceedings

13

 

 

 

 

Item 1A. Risk Factors

13

 

 

 

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

13

 

 

 

 

Item 3. Defaults Upon Senior Securities

13

 

 

 

 

Item 4. Mine Safety Disclosures

13

 

 

 

 

Item 5. Other Information

13

 

 

 

 

Item 6. Exhibits

13

 

 

 

Signatures






 









2



PART I - FINANCIAL INFORMATION

  

Item 1.  FINANCIAL STATEMENTS (UNAUDITED)

 

The accompanying unaudited financial statements of Key Link Assets Corp. (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission (“Commission” or “SEC”). While these statements reflect all normal recurring adjustments which are, in the opinion of management, necessary in order to make the financial statements not misleading and for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.




































3




KEY LINK ASSETS CORP.

BALANCE SHEETS

(UNAUDITED)


 

 

March

 

December

 

 

31, 2015

 

31, 2014

ASSETS

 

 

 

 

Current assets

 

 

 

 

  Cash

 

$

14

 

$

15

Total current assets

 

 

14

 

 

15

 

 

 

 

 

 

 

Total assets

 

$

14

 

$

15

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

  Accounts payable

 

$

44,543

 

$

46,168

Total current liabilities

 

 

44,543

 

 

46,168

 

 

 

 

 

 

 

Long term liabilities

 

 

 

 

 

 

  Note payable - shareholder

 

 

31,370

 

 

27,578

  Note payable - other

 

 

34,541

 

 

34,541

Total long term liabilities

 

 

65,911

 

 

62,119

 

 

 

 

 

 

 

Total liabilities

 

 

110,454

 

 

108,287

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ deficit

 

 

 

 

 

 

  Preferred stock - 25,000,000 preferred shares

 

 

 

 

 

 

  authorized with a par value of $0.0001; no shares

 

 

 

 

 

 

  outstanding as of March 31, 2015 and December 31, 2014

 

 

-

 

 

-

  Common stock - 100,000,000 common shares

 

 

 

 

 

 

  authorized with a par value of $0.0001; 14,702,250

 

 

 

 

 

 

  common shares issued and outstanding as of

 

 

 

 

 

 

  March 31, 2015 and December 31, 2014

 

 

1,470

 

 

1,470

  Additional paid in capital

 

 

58,941

 

 

58,941

  Accumulated deficit

 

 

(170,851)

 

 

(168,683)

Total stockholders' deficit

 

 

(110,440)

 

 

(108,272)

 

 

 

 

 

 

 

Total liabilities and stockholders' deficit

 

$

14

 

$

15






The accompanying notes are an integral part of the financial statements.



4




KEY LINK ASSETS CORP.

STATEMENTS OF OPERATIONS

(UNAUDITED)



 

Three months ending

 

March

 

March

 

31, 2015

 

31, 2014

Operating expenses

 

 

 

  

  General and administrative

$                    2,168

 

$                   5,905

Total operating expenses

2,168

 

5,905

 

 

 

 

Operating loss

(2,168)

 

(5,905)

 

 

 

 

Other income (expense)

-

 

-

 

 

 

 

Net loss

$                (2,168)

 

$                (5,905)

 

 

 

 

Basic and diluted loss per share

$                  (0.00)

 

$                  (0.00)

 

 

 

 

Weighted average number of

 

 

 

  common shares outstanding

14,702,250

 

14,702,250


















The accompanying notes are an integral part of the financial statements.



5




KEY LINK ASSETS CORP.

STATEMENTS OF CASH FLOWS

(UNAUDITED)


 

Three months ending

 

March

 

March

 

31, 2015

 

31, 2014

Cash flows from

 

 

 

  Operating activities

 

 

 

    Net loss

$

(2,168)

 

$

(5,905)

    Adjustments to reconcile net loss to

 

 

 

 

 

      net cash used in operating activities

 

 

 

 

 

  Changes in operating assets and

 

 

 

 

 

      liabilities

 

 

 

 

 

      Accounts payable

 

(1,625)

 

 

190

  Net cash used in

 

 

 

 

 

    operating activities

 

(3,793)

 

 

(5,715)

 

 

 

 

 

 

Cash flows from

 

 

 

 

 

  Financing Activities

 

 

 

 

 

    Proceeds from shareholder loans

 

3,792

 

 

5,720

  Net cash provided by financing

 

 

 

 

 

    activities

 

3,792

 

 

5,720

 

 

 

 

 

 

Net change in cash

 

(1)

 

 

5

 

 

 

 

 

 

Cash at beginning of period

 

15

 

 

19

Cash at end of period

$

14

 

$

24

 

 

 

 

 

 

Supplemental information

 

 

 

 

 

  Cash paid for

 

 

 

 

 

    Interest

$

-

 

$

-

    Taxes

$

-

 

$

-











The accompanying notes are an integral part of the financial statements.



6




KEY LINK ASSETS CORP.

NOTES TO FINANCIAL STATEMENTS

March 31, 2015

(Unaudited)


NOTE 1 - ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN CONSIDERATION


Key Link Assets Corp. (the "Company") was incorporated in the State of Delaware on May 13, 2010 for the purpose of acquiring a portfolio of heavily discounted real estate properties in the Chicago metropolitan area. The Company has changed its focus and now plans to acquire small and medium sized grocery stores in non-urban locales that are not directly served by large national supermarket chains.


Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 915-205 “Development-Stage Entities” and among the additional disclosures required as a development stage company are that the financial statements were identified as those of a development stage company, and that the statement of operations, stockholders’ deficit and cash flows disclosed activity since the date of our Inception (May 13, 2010) as a development stage company.  Effective June 10, 2014, FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has adopted these provisions and consequently these additional disclosures are not included in these financial statements.


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of March 31, 2015, the Company had an accumulated deficit of $170,851 negative working capital of $44,529 and has earned no revenues since inception. The Company intends to fund its operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements.

 

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and the implementation of its business plan. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.


NOTE 2 - BASIS OF PRESENTATION

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2015, are not necessarily indicative of the results that may be expected for the year ended December 31, 2015.





7




NOTE 3 - NOTE PAYABLE OTHER


On September 29, 2013, a creditor of the Company converted accounts payable in the amount of $34,541 into a note payable. The note payable, which is due on June 30, 2016, is non-interest bearing and has no collateral.


NOTE 4 - CAPITAL STOCK

 

Authorized Stock


The Company has authorized 100,000,000 common shares with a par value of $0.0001 per share and 25,000,000 preferred shares with a par value of $0.0001 per preferred share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholder of the corporation is sought. The rights, preferences and restrictions of the preferred shares will be defined by the Company’s Board of Directors when and if the preferred shares are issued.

 

There have been no stock issuances for the period ended March 31, 2015.

 

NOTE 5 - RELATED PARTY TRANSACTIONS


As of December 31, 2014, Mr. Clark had loaned the Company $27,578. The notes payable, are due on June 30, 2016, are non-interest bearing and have no collateral.


During the first quarter of 2015, Mr. Clark loaned the Company an additional $3,792 in exchange for two notes payable, both of which are due on June 30, 2016. The notes are non-interest bearing and has no collateral.

 

NOTE 6 - SUBSEQUENT EVENT

 

During the second quarter of 2015, Mr. Clark loaned the Company $2,750. The note payable, which is due on June 30, 2016, is non-interest bearing and has no collateral.

 



8




ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Report. The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily occur.  This discussion includes forward-looking statements that involve risks and uncertainties. As a result of many factors, such as those set forth under “Risk Factors” and elsewhere in this Report, our actual results may differ materially from those anticipated in these forward-looking statements.   


Overview


The Company intends to acquire small and medium sized grocery stores that are the dominant presence in their non-urban markets. By acquiring stores that are situated in less competitive locales that are not directly served by large national supermarket chains, wholesale clubs and supercenters, the Company believes that it can achieve financial returns that meet or exceed industry norms because stores in less competitive locales will be under less pressure to heavily discount their prices. The acquisitions will be clustered regionally, which will allow the Company to centralize certain operational functions, including purchasing and marketing. The centralization of these functions should provide the consolidated stores with the critical mass and leverage to demand enhanced service and financial concessions from its distributors and marketing vendors.


We have not yet acquired any grocery stores under our business plan and have not begun operations.


Overall Outlook


Our main business emphasis will be on revenues from sales generated in our stores. Due to a number of factors affecting consumers, including among others the increasing Federal deficit, volatility in the stock market, the European debt crisis and high unemployment levels, all of which have resulted in reduced levels of consumer spending, the outlook for the supermarket industry remains highly unpredictable. Because of these uncertain conditions, we will need to focus on managing our operating margins. Our present objective is to manage our cost and expense structure to address the expected depressed business volumes and generate strong and stable cash flow. We will continually work to position our Company for greater success by strengthening our existing operations and growing through capital investment and other strategic initiatives.


Plan of Operation


We are a development stage company. We have not yet started operations or generated or realized any revenues from our business operations. The Company does not own any grocery stores and has no current plans, proposals or arrangements, written or otherwise, to acquire any grocery stores. The Company has not identified any potential acquisition targets.


Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an ongoing business for the next twelve months unless we obtain additional capital to pay our bills. As of March 31, 2015, we have an accumulated deficit of $170,851, we have not generated any revenues and no revenues are anticipated until we begin operating retail grocery establishments. Accordingly, we must raise cash from sources other than our operations. Our only other sources for cash at this time are commercial financings and additional sales of stock. Our success or failure will be determined by what additional financing we obtain and the success of our planned retail grocery establishments.


We have no employees at this time. We intend to hire employees and engage independent contractors as justified by the demands of the business and depending on the availability of funding.


Results of Operations


Comparison of Three-Month Periods Ended March 31, 2015 and March 31, 2014


Revenue


We have not earned any revenues for the three months ended March 31, 2015 and 2014. We are a development stage company and can provide no assurance that we will commence operations or that such operations, if commenced, will be successful.



9



Operating Expenses


Operating expenses decreased by $3,737, or 63.3%, from $5,905 for the quarter ended March 31, 2014 to $2,168 for the quarter ended March 31, 2015.


The decrease in operating expenses is primarily related to the decrease in accounting, professional and Edgar conversion fees that were incurred during the first quarter of 2014 related to the filing of the Company’s registration statement.


Operating Loss


Our operating loss represents a decrease of $3,737 from an operating loss of $5,905 for the quarter ended March 31, 2014 compared to operating loss of $2,168 for the quarter ended March 31, 2015.


The decrease in our operating loss for the quarter ended March 31, 2015 is primarily attributable to the decrease in accounting, professional and Edgar conversion fees that were incurred during the first quarter of 2014 related to the filing of the Company’s registration statement.


Net Loss


Net loss decreased by $3,737, or 63.3%, from a net loss of $5,905 for the quarter ended March 31, 2014 to net loss of $2,168 for the quarter ended March 31, 2015. The decrease in net loss from the period ended March 31, 2015 is primarily attributable to the decrease in accounting, professional and Edgar conversion fees that were incurred during the first quarter of 2014 related to the filing of the Company’s registration statement.


Liquidity and Capital Resources


Since inception, we have raised $59,000 through the sale of our common stock and have incurred expenses of $170,851. Our projected financial requirements for the next 12 months are $163,500.


Our initial financial requirements will be funded by a public or private offering of securities, commercial financing, loan from officers or directors or a combination of these means. We have not yet made plans to conduct a securities offering, obtain commercial financing or a private loan. The Company does not have any commitments or arrangements to obtain any such funds and there can be no assurance that required financing will be available to the Company on acceptable terms, if at all. The unavailability of additional financing could prevent or delay the implementation of the Company’s business plan and may require the Company to curtail or terminate its operations. If sufficient financing is unavailable, the Company will defer non-essential operating expenses until sufficient funds become available. We will not begin to implement our business plan until we have secured the funds necessary to commence operations. The Company is in its development stage and has not begun operations.  As such, the Company has no historical periods with which to compare anticipated capital requirements in the future.


Net Cash - Operating Activities


Net cash used in operating activities was $3,793 for the quarter ended March 31, 2015 and $5,715 for the quarter ended March 31, 2014.


Net Cash - Financing Activities


Net cash flow provided by financing activities was $3,792 for the quarter ended March 31, 2015 and $5,720 for the quarter ended March 31, 2014. The cash provided by financing activities is primarily attributable to loans made to the Company by a shareholder of the Company.


Limited Operating History; Need for Additional Capital


After we acquire grocery stores, we intend to fund operations with revenue generated from operations. However, we have not yet commenced operations, and commencement of operations is subject to the availability of sufficient capital. Until we generate revenues, we expect to finance operating costs over the next twelve months with existing cash on hand, commercial financing, private loans and/or the proceeds from a public and/or private securities offering. The extent of our operations will be governed by the amount of capital we are able to raise.



10




Important Assumptions


Start-up companies involve a high degree of risk and many development stage companies never commence operations or achieve their business plans.  At this stage without having commenced operations, we are unable to determine whether we will be able to sufficiently convert our business plan into a successful business operation. The implementation of our business plan will be possible only upon obtaining sufficient funding.

 

Off-Balance Sheet Arrangements


We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

 

Changes In and Disagreements with Accountants


None.


Critical Accounting Policies


Our discussion and analysis of our results of operations and liquidity and capital resources are based on our financial statements which have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In accordance with GAAP, we are required to make estimates and assumptions that affect the reported amounts included in our financial statements. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. On an ongoing basis, management reviews and refines those estimates.

 

Judgments are based on information including, but not limited to, historical experience, industry trends, conventional practices, expert opinions, terms of existing agreements and information from outside sources. Judgments are subject to an inherent degree of uncertainty, and therefore actual results could differ from these estimates.


ITEM 3.  QUANTITATIVE AND QUALITATIVE ANALYSIS ABOUT MARKET RISK


Not applicable.


ITEM 4.  CONTROLS AND PROCEDURES


The Company's management, including the President and Chief Executive Officer ("CEO") and Chief Operating Officer (“COO”) conducted an evaluation of the effectiveness of the Company's disclosure controls and procedures as of March 31, 2015. Based on that evaluation, the CEO and COO have concluded that the Company’s disclosure controls and procedures are not effective to provide reasonable assurance that: (i) information required to be disclosed by the Company in reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the Company's management, including the CEO and COO as appropriate to allow timely decisions regarding required disclosure by the Company; or (ii) information required to be disclosed by the Company in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. Further, management necessarily, due to the limited resources of the Company, has been required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.  


The Company and its advisors are in the process of reviewing and completing a formal Disclosure Controls and Procedures policy and expects to have such a policy in place by the end of the third quarter 2015 and to continue to take additional steps necessary to ensure all controls and procedures are in place for full compliance with a goal to have all of our remediation measures in place by the end of the fourth quarter 2015. Management is in the process of implementing a remediation plan of the above-mentioned weaknesses in our internal control over financial reporting which includes but is not limited to the following steps:


·

Establish and implement a detailed timeline for review and completion of financial reports to be included in our Forms 10-Q and 10-K;

·

Employ the use of appropriate  SEC and U.S. GAAP checklists in connection with our closing process and the preparation of our Forms 10-Q and 10-K.



11




The implementation of these remediation plans has been initiated and will continue through the first half of fiscal 2015. The material weaknesses will not be considered remediated until the applicable remedial procedures are tested and management has concluded that the procedures are operating effectively. Management recognizes that use of our financial resources will be required not only for implementation of these measures but also for testing their effectiveness and may seek the assistance of an outside service provider to assist in this process.


If we are not able to implement controls to avoid the occurrence of material weaknesses in our internal control over financial reporting in the future, then we might report results that are not consistent with our actual results and we may need to restate results that will have been previously reported.
























 









 

12



PART II - OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS


None


ITEM 1A.  RISK FACTORS


Not applicable


ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None.

  

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4.  MINE SAFETY DISCLOSURES


Not Applicable.


ITEM 5.  OTHER INFORMATION


None.


ITEM 6.  EXHIBITS


Exhibits required by Item 601 of Regulation S-K:


Exhibit No.

 

Exhibit Description

 

Filed

Here-with

 

Exhibit

No.

 

Form/File No.

 

Filing Date

3.1

 

Certificate of Incorporation

 

 

 

3.1

 

Form S-1

File No. 333-190836

 

August 27, 2013

 

 

 

 

 

 

 

 

 

 

 

3.2

 

By-Laws

 

 

 

3.2

 

Form S-1

File No. 333-190836

 

August 27, 2013

 

 

 

 

 

 

 

 

 

 

 

4.1

 

Specimen common stock certificate

 

 

 

4.1

 

Form S-1

File No. 333-190836

 

August 27, 2013

 

 

 

 

 

 

 

 

 

 

 

10.1

 

Key Link Asset Corp. 2010 Incentive Compensation Plan

 

 

 

10.1

 

Form S-1/A

File No. 333-190836

 

December 16, 2013

 

 

 

 

 

 

 

 

 

 

 

10.2

 

Form of Option Agreement under 2010 Incentive Compensation Plan

 

 

 

10.2

 

Form 10-K/A

File No. 333-190836

 

April 16, 2014

 

 

 

 

 

 

 

 

 

 

 

10.3

 

Note Payable dated December 21, 2012 by the Company to Shawn Clark

 

 

 

10.2

 

Form S-1/A

File No. 333-190836

 

October 23, 2013




13




Exhibit No.

 

Exhibit Description

 

Filed

Here-with

 

Exhibit

No.

 

Form/File No.

 

Filing Date

10.4

 

Note Payable dated January 24, 2013 by the Company to Shawn Clark

 

 

 

10.3

 

Form S-1/A

File No. 333-190836

 

October 23, 2013

 

 

 

 

 

 

 

 

 

 

 

10.5

 

Note Payable dated March 9, 2013 by the Company to Shawn Clark

 

 

 

10.4

 

Form S-1/A

File No. 333-190836

 

October 23, 2013

 

 

 

 

 

 

 

 

 

 

 

10.6

 

Note Payable dated May 31, 2013 by the Company to Shawn Clark

 

 

 

10.5

 

Form S-1/A

File No. 333-190836

 

October 23, 2013

 

 

 

 

 

 

 

 

 

 

 

10.7

 

Note Payable dated  September 29, 2013 by the Company to Shawn Clark

 

 

 

10.6

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.8

 

Note Payable dated November 12, 2013 by the Company to Shawn Clark

 

 

 

10.7

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.9

 

Extension Agreement dated December 20, 2013 between the Company and Shawn P. Clark

 

 

 

10.8

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.10

 

Note Payable dated September 29, 2013 by the Company to Synergy Law Group, LLC

 

 

 

10.9

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.11

 

Loan Commitment dated December 20, 2013 by Shawn P. Clark to the Company

 

 

 

10.19

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.12

 

Loan Commitment dated December 15, 2013 by Shawn P. Clark, Dena M. Womack, Tysen J. Kamin, Christopher J. Dunkel and Glenn Petersen to the Company

 

 

 

10.11

 

Form S-1/A

File No. 333-190836

 

January 21, 2014

 

 

 

 

 

 

 

 

 

 

 

10.13

 

Note Payable dated February 19, 2014 by the Company to Shawn Clark

 

 

 

10.13

 

Form 10-K/A

File No. 333-190836

 

April 16, 2014

 

 

 

 

 

 

 

 

 

 

 

10.14

 

Note Payable dated March 13, 2014 by the Company to Shawn Clark

 

 

 

10.14

 

Form 10-Q

File No. 333-190836

 

May 20, 2014

 

 

 

 

 

 

 

 

 

 

 

10.15

 

Note Payable dated May 23, 2014 by the Company to Shawn Clark

 

 

 

10.3

 

Form 10-Q

File No. 333-190836

 

August 14, 2014

 

 

 

 

 

 

 

 

 

 

 

10.16

 

Extension Agreement dated June 30, 2014 between the Company and Shawn P. Clark

 

 

 

10.4

 

Form 10-Q

File No. 333-190836

 

August 14, 2014

 

 

 

 

 

 

 

 

 

 

 

10.17

 

Extension Agreement dated June 30, 2014 between the Company and Synergy Law Group, LLC

 

 

 

10.5

 

Form 10-Q

File No. 333-190836

 

August 14, 2014

 

 

 

 

 

 

 

 

 

 

 

10.18

 

Note Payable dated July 22, 2014 by the Company to Shawn P. Clark, as amended

 

 

 

10.6

 

Form 10-Q

File No. 333-190836

 

November 14, 2014




14




Exhibit No.

 

Exhibit Description

 

Filed

Here-with

 

Exhibit

No.

 

Form/File No.

 

Filing Date

10.19

 

Note Payable dated August 20, 2014 by the Company to Shawn P. Clark

 

 

 

10.7

 

Form 10-Q

File No. 333-190836

 

November 14, 2014

 

 

 

 

 

 

 

 

 

 

 

10.20

 

Note Payable dated November 7, 2014 by the Company to Shawn P. Clark

 

 

 

10.8

 

Form 10-Q

File No. 333-190836

 

November 14, 2014

 

 

 

 

 

 

 

 

 

 

 

10.21

 

Note Payable dated November 24, 2014 by the Company to Shawn P. Clark

 

 

 

10.21

 

Form 10-K

File No. 333-19083

 

April 13, 2015

 

 

 

 

 

 

 

 

 

 

 

10.22

 

Note Payable dated March 2, 2015 by the Company to Shawn P. Clark

 

 

 

10.22

 

Form 10-K

File No. 333-190836

 

April 13, 2015

 

 

 

 

 

 

 

 

 

 

 

10.23

 

Note Payable dated March 20, 2015

the Company to Shawn P. Clark

 

X

 

 

 

 

 

 

10.24

 

Note Payable dated May 5, 2015

the Company to Shawn P. Clark

 

X

 

 

 

 

 

 

31.1

 

Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31.2

 

Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32.1

 

Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32.2

 

Certification of Principal Financial Officer Pursuant 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.INS

 

XBRL Instance Document*

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.SCH

 

XBRL Taxonomy Extension Schema Document*

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase Document*

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.DEF

 

XBRL Taxonomy Extension Definition Linkbase Document*

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.LAB

 

XBRL Taxonomy Extension Label Linkbase Document*

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase Document*

 

X

 

 

 

 

 

 



* Pursuant to Rule 406T of Regulation S-T, the interactive files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.





15



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, thereunto duly authorized.


Date:  May 15, 2015

KEY LINK ASSETS CORP.

 

 

 

 

 

By:  /s/ Shawn P. Clark

 

Shawn P. Clark

President and Chief Executive Officer

(principal executive officer)






























16