UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~November~~February 3028, ~~2012~~2013

o TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transitional period from ______ to ______

Commission File No. 0-32923

CLICKER INC.

(Exact name of registrant as specified in its charter)

Nevada		26-4835457
(State or other jurisdiction of incorporation of organization)		(I.R.S. Employer Identification Number)

1111 Kane Concourse, Suite 304, Bay Harbor Islands, Florida 33154

(Address of principal executive office) (zip code)

(786) 309-5190

(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 o

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 (§ 229.405 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 o

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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	Smaller reporting company x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No x

As of ~~January~~April 148, 2013, there were ~~488~~512,~~000~~350 shares of registrant’s common stock issued and outstanding.

Table of Contents

CLICKER INC.

TABLE OF CONTENTS

Report on Form 10-Q

For the quarter ended ~~November~~February 3028, ~~2012~~2013

	Page
PART I FINANCIAL INFORMATION
Item 1. Financial Statements	F-1
Unaudited Condensed Consolidated Balance Sheets at November 30, 2012 and August 31, 2012	F-1
Unaudited Condensed Consolidated Balance Sheets at February 28, 2013 and August 31, 2012	F-1
Unaudited Condensed Consolidated Statements of Operations for the Three Month Periods ended November 30, 2012 and 2011	F-2
Unaudited Condensed Consolidated Statements of Operations for the Three and Six Month Periods ended February 28, 2013 and February 29, 2012	F-2
Unaudited Condensed Consolidated Statements of Cash Flows for the Three Month Periods ended November 30, 2012 and 2011	F3
Unaudited Condensed Consolidated Statements of Cash Flows for the Six Month Periods ended February 28, 2013 and February 29, 2012	F3
Notes to the Unaudited Condensed Consolidated Financial Statements	F-4 - F-67
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	3-8
Item 3. Quantitative and Qualitative Disclosures About Market Risk	9
Item 4. Controls and Procedures	9
PART II OTHER INFORMATION
Item 1. Legal Proceedings	1011
Item 1A. Fisk Factors	1011
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	1011
Item 3. Defaults upon Senior Securities	1011
Item 4. Mine Safety Disclosures	1012
Item 5. Other Information	1012
Item 6. Exhibits	1112
Signatures	1213

Table of Contents

PART I – FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

CLICKER INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
	NOVEMBER 30, 2012
	(Unaudited)			AUGUST 31, 2012
Assets
Current Assets
Cash & cash equivalents		$	181,269	$	32,734
Total current assets			181,269		32,734
Property and equipment, net of accumulated depreciation of $2,567 and $1,867
respectively			5,835		6,535
Other assets			10,565		10,565
Total assets		$	197,669	$	49,834
Liabilities and Stockholders' Deficit
Current Liabilities
Accounts payable		$	1,505,949	$	1,495,662
Accrued expenses			1,135,558		1,105,900
Derivative liability			3,684,591		3,416,488
Due to related parties			22,683		22,683
Note payable			30,366		30,366
Convertible note payble, net			997,572		929,376
Total current liabilities			7,376,719		7,000,475
Redeemable preferred stock, Series B; par value $.001 per share; 100 shares
authorized, 100 and 100 shares issued and outstanding, respectively			10,000		10,000
Stockholders' Deficit
Preferred stock, undesignated, par value $.001 per share; 4,999,900 shares authorized,
no shares issued and outstanding			-		-
Common stock, $0.001 par value, 500,000,000 shares authorized,
488,000 and 488,000 shares issued and outstanding at
November 30, 2012 and August 31, 2012, respectively			488		488
Paid in capital			22,239,262		22,239,262
Shares to be issued			15,400		15,400
Accumulated deficit			(29,444,200		(29,215,791	)
Total stockholders' deficit			(7,189,050		(6,960,641	)
Total liabilities and stockholders' deficit		$	197,669	$	49,834
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

CLICKER INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS


	FEBRUARY 28, 2013			AUGUST 31, 2012
	(Unaudited)
Assets
Current Assets
Cash & cash equivalents	$	73,821		$	32,734

Total current assets		73,821			32,734

Property and equipment, net of accumulated depreciation of $3,267 and $1,867
respectively		5,135			6,535
Other assets		10,565			10,565

Total assets	$	89,521		$	49,834

Liabilities and Stockholders' Deficit

Current Liabilities
Accounts payable	$	1,501,380		$	1,495,662
Accrued expenses		1,148,927			1,105,900
Derivative liability		4,943,816			3,416,488
Due to related parties		22,683			22,683
Note payable		30,366			30,366
Convertible note payable, net		1,080,905			929,376
Total current liabilities		8,728,077			7,000,475

Redeemable preferred stock, Series B; par value $.001 per share; 100 shares
authorized, 100 and 100 shares issued and outstanding, respectively		10,000			10,000

Stockholders' Deficit
Preferred stock, undesignated, par value $.001 per share; 4,999,900 shares authorized,
no shares issued and outstanding
Common stock, $0.001 par value, 500,000,000 shares authorized,
488,000 and 488,000 shares issued and outstanding at
February 28, 2013 and August 31, 2012, respectively		488			488
Paid in capital		22,239,262			22,239,262
Shares to be issued		15,400			15,400
Accumulated deficit		(30,903,706	)		(29,215,791	)
Total stockholders' deficit		(8,648,556	)		(6,960,641	)

Total liabilities and stockholders' deficit	$	89,521		$	49,834

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-1

~~TABLE~~Table OFof ~~CONTENTS~~Contents

CLICKER, INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTH PERIODS ENDED NOVEMBER 30, 2012 AND 2011
(Unaudited)
	2012			2011
Net revenues	$	7,652		$	241
Operating expenses
Selling, general & administrative		56,125			118,339
Depreciation		700			-
Total operating expenses		56,825			118,339
Loss from operations		(49,173	)		(118,098	)
Non-operating income (expense):
Interest expense		(409,026	)		(328,358	)
Change in derivative liability		229,790			(1,924,453	)
Gain (loss) on debt redemption		-			23,714
Total non-operating income (expense)		(179,236	)		(2,229,097	)
Loss before income taxes		(228,409	)		(2,347,195	)
Provision for income tax		-			-
Net loss		(228,409	)		(2,347,195	)
Basic and diluted net loss per share	$	(0.47	)	$	(0.02	)
Basic and diluted weighted average shares of common stock outstanding*		488,000			430,545
* Weighted average number of shares used to compute basic and diluted loss per share is the same since the effect of dilutive securities is anti-dilutive.

CLICKER INC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND SIX MONTH PERIODS ENDED FEBRUARY 28, 2013 AND FEBRUARY 29, 2012

(Unaudited)

	THREE MONTHS ENDED						SIX MONTHS ENDED
	February 28,			February 29,				February 28,			February 29,
	2013			2012				2013			2012

Net revenues	$	(690	)	$	125			$	6,962		$	366

Operating expenses
Selling, general & administrative		70,553			107,617				126,678			221,156
Depreciation		700			467				1,400			467
Total operating expenses		71,253			108,084				128,078			221,623

Loss from operations		(71,943	)		(107,959	)			(121,116	)		(221,257	)

Non-operating income (expense):
Interest expense		(261,490	)		(448,472	)			(670,516	)		(776,830	)
Change in derivative liability		(1,126,073	)		(723,812	)			(896,283	)		(2,648,265	)
Gain (loss) on debt redemption		-			(3,239	)			-			20,475
Total non-operating income (expense)		(1,387,563	)		(1,175,523	)			(1,566,799	)		(3,404,620	)

Loss before income taxes		(1,459,506	)		(1,283,482	)			(1,687,915	)		(3,625,877	)

Provision for income tax		-			-				-			4,800

Net loss	$	(1,459,506	)	$	(1,283,482	)		$	(1,687,915	)	$	(3,630,677	)

Basic and diluted net loss per share	$	(2.99	)	$	(2.75	)		$	(3.46	)	$	(8.08	)

Basic and diluted weighted average shares of common stock outstanding		488,000			467,000				488,000			449,615

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-2

~~TABLE~~Table OFof ~~CONTENTS~~Contents

CLICKER, INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTH PERIODS ENDED NOVEMBER 30, 2012 AND 2011
(Unaudited)
	2012			2011
Cash flows from operating activities:
Net loss	$	(228,409	)	$	(2,347,195	)
Adjustments to reconcile net loss to net cash used in operations
Depreciation and amortization		700			-
Change in derivative liability		(229,790	)		1,924,453
(Gain) loss on debt redemption		-			(23,714	)
Amortization of debt discount		366,089			293,083
Change in assets and liabilities:
Accounts payable		10,287			66,976
Accrued expenses and other liabilities		29,658			(27,106	)
Net cash used in operating activities		(51,465	)		(113,503	)
Cash flows from financing activities:
Cash payments on notes		-			(25,275	)
Cash proceeds from convertible note		200,000			300,000
Net cash provided by financing activities		200,000			274,725
Net increase in cash & cash equivalents		148,535			161,222
Cash & cash equivalents, beginning balance		32,734			303
Cash & cash equivalents, ending balance	$	181,269		$	161,525
Supplemental disclosure for cash flow information:
Cash and cash equivalents paid for interest	$	-		$	-
Cash and cash equivalents paid for taxes	$	-		$	-
Supplemental disclosure of non-cash investing and financing activity:
Face value of notes and interest converted to common stock	$	-		$	15,237
Fair value of common stock issued upon conversion of notes	$	-		$	47,206
Derivative liability of convertible notes at date of issue	$	399,125		$	344,889
Derivative liability charged off upon conversion of notes	$	-		$	44,889
Unamortized discount charged off upon conversion of notes	$	-		$	1,573
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

CLICKER, INC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTH PERIODS ENDED FEBRUARY 28, 2013 AND FEBRUARY 29, 2012

(Unaudited)


	2013			2012
Cash flows from operating activities:
Net loss	$	(1,687,915	)	$	(3,630,677	)
Adjustments to reconcile net loss to net cash used in operations
Depreciation and amortization		1,400			467
Change in derivative liability		896,283			2,648,265
(Gain) loss on debt redemption		-			(20,473	)
Amortization of debt discount		582,574			679,443
Finance cost		-			10,000
Change in assets and liabilities:
Accounts payable		5,718			82,056
Accrued expenses and other liabilities		43,027			28,250
Net cash used in operating activities		(158,913	)		(202,669	)





Cash flows from financing activities:
Cash payments on notes		-			(25,275	)
Cash proceeds from convertible note		200,000			300,000
Net cash provided by financing activities		200,000			274,725

Net increase in cash & cash equivalents		41,087			72,056

Cash & cash equivalents, beginning balance		32,734			303

Cash & cash equivalents, ending balance	$	73,821		$	72,359

Supplemental disclosure for cash flow information:
Cash and cash equivalents paid for interest	$	-		$	-
Cash and cash equivalents paid for taxes	$	-		$	-

Supplemental disclosure of non-cash investing and financing activity:
Face value of notes and interest converted to common stock	$	-		$	16,737
Fair value of common stock issued upon conversion of notes	$	-		$	59,206
Derivative liability of convertible notes at date of issue	$	399,125		$	344,889
Derivative liability charged off upon conversion of notes	$	-		$	60,379
Unamortized discount charged off upon conversion of notes	$	-		$	1,573
Preferred stock issued as payment of finance cost	$	-		$	10,000

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-3

~~TABLE~~Table OFof ~~CONTENTS~~Contents

CLICKER, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 NATURE OF BUSINESS

Clicker Inc. (the “Company,” "We," or "Clicker"), a corporation incorporated in the State of Nevada, is a web publisher brand builder focused on developing stand-alone brands that incorporate social networking and reward properties that leverage content, commerce and advertising for the next generation of global internet users.

NOTE 2 ACCOUNTING POLICIES

Basis of Presentation

The unaudited condensed consolidated financial information included herein has been prepared by the Company. In the opinion of management, the accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position as of ~~November~~February 3028, ~~2012~~2013 and its results of operations and its cash flows for the periods presented. The consolidated balance sheet at August 31, 2012 has been derived from the Annual Report on Form 10-K for the fiscal year ended August 31, 2012. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended August 31, 2012. Operating results for the interim periods presented are not necessarily indicative of the results that may be experienced for the fiscal year ending August 31, 2013.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries WallStreet Direct, Inc., Digital Wall Street, Inc., Financial Filings, Corp., My WallStreet, Inc. and Wealth Expo Inc. All significant inter-company accounts and transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Significant estimates include accounts payable and derivative liability. Actual results could differ from our estimates.

Basic and Diluted Net Loss Per Share

Basic earnings per share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

Weighted average number of shares used to compute basic and diluted loss per share is the same since the effect of dilutive securities is anti-dilutive. There were 7633,~~350~~864,~~546~~911 common share equivalents at ~~November~~February 3028, ~~2012~~2013 and 179,~~099~~469,~~915~~378 at ~~November~~February 3029, ~~2011~~2012. These potential shares of common stock have been excluded from the computation of diluted net loss per share for the three and six month periods ended ~~November~~February 3028, ~~2012~~2013 and ~~2011~~February 29, 2012, respectively as their effect is anti-dilutive.

Income Taxes

We utilize ASC 740 “Income Taxes” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income.

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Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by a company in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its federal tax returns are more likely than not to be sustained upon examination. The Company’s returns are subject to examination by federal taxing authorities, generally for three and four years, respectively, after they are filed.

Recent Accounting Pronouncements

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future financial statements.

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NOTE 3 GOING CONCERN

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. This basis of accounting contemplates the recovery of the Company's assets and the satisfaction of its liabilities in the normal course of business. The Company has an accumulated deficit of $2930,~~444~~903,~~200~~706 as of ~~November~~February 3028, ~~2012~~2013 and has incurred a net loss of $~~228~~1,~~409~~687,915 for the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013. In addition, the Company’s current liabilities exceed its current assets by $78,~~195~~654,~~450~~256 at ~~November~~February 3028, ~~2012~~2013. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon the continued operations of the Company, which in turn is dependent upon the Company's ability to raise additional capital, obtain financing and success in its future operations. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Management has taken the following steps to revise its operating and financial requirements, which it believes are sufficient to provide the Company with the ability to continue as a going concern. Management devoted considerable effort during the period ended August 31, 2012 towards (i) acquiring and developing revenue producing website property (ii) obtaining additional equity financing, (iii) evaluation of its marketing methods and (iv) further streamlining and reducing costs.

Management is considering the best ways to maximize the value of the Company’s intellectual assets (which include our website properties) and revive revenue, including a number of options ranging from the sale of certain intellectual assets to investing further capital to build out and take the Company’s potentially productive intellectual assets to market. Management is also contemplating further business development efforts that would result in new website properties that would be incremental to what the Company already has in its existing portfolio. Management has expended a good deal of effort in managing corporate liabilities and interacting with note holders, many of whose notes have gone into default. Management is also continuing its efforts to raise additional capital for ongoing operations and business development. To that end, the Company raised $200,000 in October 2012 through the sale of a convertible debenture and management is currently determining the optimal ways to deploy that capital to maximize its value to the business.

NOTE 4 FAIR VALUE MEASUREMENTS

The table below summarizes the fair values of the Company’s financial liabilities:

Fair Value at

Fair Value Measurement Using

November 30, 2012

Level 1

Level 2

Level 3

February 28, 2013

Level 1

Level 2

Level 3

Conversion feature derivative liability

34,~~684~~943,~~591~~816

—

34,~~684~~943,~~591~~816

—

34,~~684~~943,~~591~~816

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities (warrant derivative liability) for the three month periods ended November 30, 2012 and 2011.

	2012			2011
Balance at beginning of period	$	3,416,488		$	2,183,694
Additions to derivative instruments		497,893			480,246
Change in fair value of warrant liability		(229,790	)		1,924,453
Conversion of debentures		—			(53,118	)
Balance at end of period	$	3,684,591		$	4,535,275

These instruments were valued using pricing models which incorporate the Company’s stock price, volatility, U.S. risk free rate, dividend rate and estimated life.

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~~TABLE~~Table OFof ~~CONTENTS~~Contents

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities (warrant derivative liability) for the six month periods ended February 28, 2013 and February 29, 2012.

	2013		2012
Balance at beginning of period	$	3,416,488	$	2,183,694
Additions to derivative instruments		631,045		732,839
Change in fair value of warrant liability		896,283		2,648,265
Conversion of debentures		—		(60,379	)
Balance at end of period	$	4,943,816	$	5,504,419

These instruments were valued using pricing models which incorporate the Company’s stock price, volatility, U.S. risk free rate, dividend rate and estimated life.

NOTE 5 CONVERTIBLE NOTES PAYABLE

The Company has issued multiple secured convertible notes (the “Secured Convertible Notes” or the “Notes”) to related and unrelated parties (the “Holders.” The Secured Convertible Notes have various maturity dates ranging from 9 to 24 months and have annual interest rates ranging from of 0% to 10% per annum. The Holders have the right from and after the Date of Issuance, and until any time until the Secured Convertible Notes are fully paid, to convert any outstanding and unpaid principal portion of the Secured Convertible Notes, and accrued interest, into fully paid and non-assessable shares of Common Stock with an ownership limit of 4.99%. The Secured Convertible Notes have a variable conversion price and full reset feature. The percentage of market conversion rates range from 20% to 50% of the average closing trading or bid price of the Company’s common stock on consecutive trading days immediately preceding the date of conversion, which in the terms of the note agreements range from 3 days to 10 days. The Holders were not issued warrants with the Secured Convertible Notes. In the event of default for the Notes, the amount of principal and interest not paid when due bear interest at the rate of 18% per annum and the notes become immediately due and payable. Should that occur, the Company is liable to pay 105% of the then outstanding principal and interest.

The Company has recorded the embedded conversion features in the Secured Convertible Notes as derivative liabilities due to the full reset provisions and the variable conversion rates.

On October 26, 2012, the Company entered into a Securities Purchase Agreement with Monroe Milstein, an accredited investor (“Milstein”), providing for the sale by the Company to Milstein of a 10% convertible debenture in the principal amount of $200,000 (the “Milstein Debenture”). The Milstein Debenture matures on October 26, 2014 (the “Maturity Date”) and bears interest at the annual rate of 10%. The Company is not required to make any payments until the Maturity Date although the Company has the ability to repay the Milstein Debenture at any time without penalty upon five days prior written notice to the Investor.

Milstein may convert, at any time, the outstanding principal and accrued interest on the Milstein Debenture into shares of the Company’s common stock (“Common Stock”) at a conversion price per share equal to fifty percent (50%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the date of conversion as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties. Milstein has contractually agreed to restrict its ability to convert the Milstein Debenture such that the number of shares of the Company common stock held by each of Milstein and his affiliates after such conversion does not exceed 4.99% of the Company’s then issued and outstanding shares of Common Stock.

The conversion feature of the Milstein Debenture contains a variable conversion rate. As a result, we have classified the conversion feature as a derivative liability in the consolidated financial statements. At issue, we have recorded a conversion feature liability of $399,125. The value of the conversion feature liability was determined using the Black-Scholes method based on the following assumptions: (1) risk free interest rate of 0.25%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 418%; and (4) an expected life of 2 years. The Company has allocated $200,000 to debt discount, to be amortized over the life of the debt, with the balance of $199,125 being charged to expense at issue.

During the three and six months ended ~~November~~February 3028, ~~2012~~2013 we recorded additions to our derivative conversion liabilities related to the conversion feature attributable to interest accrued during the year. These additions aggregated $98133,~~768~~152 and $231,920 for the three and six months ended February 28, 2013, respectively, which has been charged to interest expense.

As of November 30, 2012 the fair value of the conversion features subject to derivative accounting was $3,684,591. The value of the conversion features as of November 30, 2012 was determined using the BlackF-Scholes method based on the following weighted average assumptions: (1) risk free interest rates of 0.18%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 380%; and (4) an expected life of the conversion features of 1.16 years.6

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As of February 28, 2013 the fair value of the conversion features subject to derivative accounting was $4,943,816. The value of the conversion features as of February 28, 2013 was determined using the Black-Scholes method based on the following weighted average assumptions: (1) risk free interest rates of 0.16%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 388%; and (4) an expected life of the conversion features of 1.11 years.

NOTE 6 INCOME TAXES

Our effective tax rates were approximately 0.0% for the three months ended ~~November~~February 3028, ~~2012~~2013 and ~~2011~~February 29, 2012. Our effective tax rate was lower than the U.S. federal statutory rate primarily due to the fact that we record a full valuation allowance against our deferred tax assets, which is primarily comprised of net operating losses.

NOTE 7 COMMITMENTS AND CONTINGENCIES

Operating Lease

The Company occupies its premises under operating leases on a monthly basis. Rent expense under the operating leases for the three month periods ended ~~November~~February 3028, 2013 and February 29, 2012 was $1,150 and ~~2011~~$1,070, respectively. Rent expense under the operating leases for the six month periods ended February 28, 2013 and February 29, 2012 was $23,~~300~~450 and $~~573~~1,643, respectively. The Company has no future lease obligations.

Contingencies

From time to time, the Company may be involved in various claims, lawsuits, and disputes with third parties, actions involving allegations of discrimination or breach of contract actions incidental to the normal operations of the business. Company is not currently involved in any litigation which it believes could have a material adverse effect on its financial position or results of operations.

~~F-6~~NOTE 8 SUBSEQUENT EVENTS

~~TABLE~~In OFApril ~~CONTENTS~~2013 we issued 24,350 shares of common stock upon conversion of notes payable in the amount of $1,461.

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Item 2. Management’s Discussion and Analysis of Financial Condition

This Management's Discussion and Analysis of Financial Condition and Results of Operations includes a number of forward-looking statements that reflect Management's current views with respect to future events and financial performance. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate” and “continue,” or similar words. Those statements include statements regarding the intent, belief or current expectations of us and members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

Readers are urged to carefully review and consider the various disclosures made by us in this report and in our other reports filed with the Securities and Exchange Commission. Important factors currently known to Management could cause actual results to differ materially from those in forward-looking statements. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in the future operating results over time. We believe that our assumptions are based upon reasonable data derived from and known about our business and operations. No assurances are made that actual results of operations or the results of our future activities will not differ materially from its assumptions. Factors that could cause differences include, but are not limited to, expected market demand for our services, fluctuations in pricing for materials, and competition.

OVERVIEW

We are a web publisher brand builder focused on developing stand-alone brands that incorporate social networking and reward properties that leverage content, commerce and advertising for the next generation global internet users. We will, when appropriate, acquire properties outright that fit our business model.

The developments of these internet websites have four main stages of development:

Stage One :

The idea and concept stage of a potentially good idea. At this stage a budget and timeline for the property is developed. The size of the market and our plan for integration or exit is established. Additionally the business model is introduced at this level.

Stage Two :

The development of the property is laid out. Site layout and design is established. Logic and user flow and finally site architecture and design are established.

Stage Three :

The site is launched and the operational model is implemented in beta form. We begin to scale some web traffic and begin to test the model. The site is officially launched in the beta stage and can be in a few different versions.

Stage Four :

Full operation stage and the property should now have gone through a couple stages of beta with the model being established, and ready to leave the “beta” stage, to go on to be scaled accordingly.

OUR WEB PROPERTIES

Sippinit.com

Sippinit.com is an online pop, entertainment and gossip property that will incorporate social networking with entertainment. We have launched this property under www.celebritymagazineonline.com. The social media capabilities of this property have not been developed and are not expected to be developed any time soon.

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Sportsgulp.net

Sportsgulp.net is a social networking website and gossip channel for sports enthusiasts. The website was launched in 2011. Plans call for the property to pull conventional sports feeds while allowing users a more interactive social networking component whereby the sports community could be more interactive with each other by incorporating social networking tools. The social media capabilities of this property have not been developed and are not expected to be developed any time soon.

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Wallst.net and Mywallst.net

We have re-launched wallst.net as a news consumption property, and advertising platform. This aggregates financial news and information from the web.

Dahoodbuzz.com

Dahoodbuzz.com, is a news consumption property, and advertising platform. This aggregates hip hop and urban news from the web.

U-Furnish.com

This is a Furniture e-commerce site that we acquired May 31, 2012. U-Furnish.com has been in business providing affordable, modern urban style furniture since 2010. We will be selling the product on line, and rely on a third party drop shipper and manufacturer to fulfill orders to avoid any of the associated expenses that come with production and warehousing product. Management plans to further build revenue by continuing the ongoing pay per click marketing campaign and expansion of the available product lines. The initial marketing campaign included seven marketing channels. Plans call for an increase in the number of marketing channels to further improve on the click to sale ratio. Management is evaluating the addition of a new line of furniture as well as expanding to home accessories. During the fiscal year ended August 31, 2012 and the ~~quarter~~six months ended ~~November~~February 3028, ~~2012~~2013, uU-furnish generated revenues of $2,528 and $76,~~652~~962, respectively.

Plan of Operations

Management has created a focus on revenue producing website acquisition and build out in the e-commerce space. We believe this category represents meaningful potential. Management continues to look at other e-commerce opportunities as well as it plans to further build out its presence in the e-commerce space. Management continues to evaluate the strategic disposition, and or monetization of existing properties in its portfolio of website properties. We are considering the best ways to maximize the value of our intellectual assets (which include our website properties) and revive revenue, including a number of options ranging from the sale of certain intellectual assets to investing further capital to build out our potentially productive intellectual assets.

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Results of Operations

Our consolidated results of operations for the three and six month periods ended ~~November~~February 3028, ~~2012~~2013 and ~~2011~~February 29, 2012 include our wholly-owned subsidiaries WallStreet, Financial Filings Corp., My WallStreet, Inc., and The Wealth Expo Inc. Our subsidiaries are currently inactive.

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Revenues

Revenues for the three and six months ended ~~November~~February 3028, ~~2012~~2013 were $7(690) and $6,~~652~~962 compared to $~~241~~125 and $366 for the same periods in 2012, respectively. Sales returns exceeded revenue during the three months ended ~~November~~February 3028, ~~2011~~2013. Revenues have increased as a result of the acquisition of the U-Furnish.com e-commerce site on May 31, 2012.

Operating Expenses, Other Expense and Other Income

Selling, general, and administrative expenses for the three and six months ended ~~November~~February 3028, ~~2012~~2013 were $5670,~~125~~553 and $126,678 compared to $~~118~~107,~~339~~617 and $221,156 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011,~~respectively. aExpenses ~~decrease~~decreased ofby $6237,~~214~~064 (5334%) and $94,478 (43%) during the three and six months ended February 28, 2013 as compared to the same periods in 2012. The decrease for the 2012 three month period resulted primarily from ~~decreases~~a decrease in compensation of approximately $4048,000 (due to the resignation of our Chief Executive Officer) and professional fees of approximately $425,000, (partially offset by increases in consulting fees of approximately $16,000. The decrease for the 2012 six month period resulted primarily from adecreases ~~reduced~~in ~~requirement~~compensation ~~for~~of ~~legal~~approximately ~~services)~~$88,000 and professional fees of approximately $47,000, partially offset by increases in consulting fees of approximately $26,000, web site expense of approximately $10,000 and other administrative expenses of approximately $105,000.

Depreciation expense for the three and six months ended ~~November~~February 3028, ~~2012~~2013 was $700 and $1,400 compared to $0467 and $467 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011~~respectively. The increase resulted from the acquisition of an automobile that occurred subsequent to the quarter ended November 30, 2011.

Interest expense for the three and six months ended ~~November~~February 3028, ~~2012~~2013 was $~~409~~261,~~026~~490 and $670,516 compared to $~~328~~448,~~358~~472 and $776,830 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011~~respectively. The ~~increase~~decrease in interest expense resulted primarily from andecreases ~~increase~~ in discounts attributable to the conversion features of convertible notes issued.

We recorded aexpense ~~gain~~ of $~~229~~1,~~790~~126,073 and $896,283 related to the change in value of derivative liabilities for the three and six months ended ~~November~~February 3028, ~~2012~~2013 as compared to expense of $1723,~~924~~812 and $2,~~453~~648,265 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011~~respectively. The ~~decreased~~increases and decreases in derivative liability expense resulted primarily from the changes in the market price of our stock, conversion feature discounts and the fluctuations in market volatility.

We recorded no gain or loss on debt redemption for the three and six months ended ~~November~~February 3028, ~~2012~~2013, compared to loss of $3,239 and gain of $2320,~~714~~475 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011~~respectively. Gain or loss on debt redemption resulted from the issuance of common shares in exchange for services or to pay off debt, based on the fair value of the shares issued as compared to the carrying value of the related debt. The closing price on the date of issuance is used to compute the actual fair market value of our common stock in determining the amount of the gain or loss.

Net Loss

We reported a net ~~loss~~losses of $~~228~~1,~~409~~459,506 and $1,687,915 for the three and six months ended ~~November~~February 3028, ~~2012~~2013 compared to a net ~~loss~~losses of $21,~~347~~283,~~195~~482 and $3,630,677 for the ~~three~~same ~~months~~periods ~~ended~~in ~~November 30~~2012, ~~2011~~respectively. We recorded aan ~~decrease~~increase in net loss for the 2012 three months ~~ended~~and ~~November~~a ~~30,~~decrease ~~2012~~in ofnet ~~$2,118,786~~loss ~~compared~~for tothe ~~2011~~2013 six months due to the factors described above.

Liquidity and Capital Resources

Cash and cash equivalents were $~~181~~73,~~269~~821 at ~~November~~February 3028, ~~2012~~2013 compared to $32,734 at August 31, 2012. As shown in the accompanying unaudited condensed consolidated financial statements, we recorded a net loss of $~~228~~1,~~409~~687,915 for the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013 compared to a loss of $23,~~347~~630,~~195~~677 for the same period in ~~2011~~2012. Our current liabilities exceeded our current assets by $78,~~195~~654,~~450~~256 at ~~November~~February 3028, ~~2012~~2013 and net cash used in operating activities for the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013 was $51158,~~465~~913. These factors and our ability to meet our debt obligations from current operations, and the need to raise additional capital to accomplish our objectives raise substantial doubt about our ability to continue as a going concern.

We expect significant capital expenditures during the next 12 months, contingent upon raising capital. These anticipated expenditures are for website development, assets additions, administrative overheads and working capital requirements. We do not have sufficient funds to conduct our operations for more than six months and we estimate that we will need an infusion of capital of approximately $500,000 to fund our anticipated operations for the next 12 months, depending on revenues from operations. We have no contracts or commitments for additional funds and there can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all.

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We presently do not have any available credit, bank financing or other external sources of liquidity. Due to our historical operating losses, our operations have not been a source of liquidity. We will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding.

To the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If additional funds are raised through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuance of stock in lieu of cash, which may also result in dilution to existing shareholders. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing.

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Whereas we have been successful in the past in raising capital, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to us. If funding is insufficient at any time in the future, we may not be able to take advantage of business opportunities or respond to competitive pressures, or may be required to reduce the scope of our planned service development and marketing efforts, any of which could have a negative impact on our business and operating results. In addition, insufficient funding may have a material adverse effect on our financial condition, which could require us to:

-	curtail operations significantly;
-	sell significant assets;
-	seek arrangements with strategic partners or other parties that may require the company to relinquish significant rights to products, technologies or markets; or
-	explore other strategic alternatives including a merger or sale of our company.

To finance our operations, we have issued a number of convertible debentures. Our outstanding convertible debentures are as follows:

February 2010 Debt Conversion

On February 1, 2010, we entered into an exchange agreement with Greystone Capital Partners, Inc. (“Greystone”), pursuant to which Greystone exchanged a $491,400 promissory note for a $491,400 convertible debenture (the “Greystone Debenture”). The Greystone Debenture does not accrue interest and matured on February 1, 2011. Greystone has the right to convert all or a portion of the principal into shares of our common stock at a conversion price equal to forty percent (40%) of the average of the closing bid price of our common stock during the five (5) trading days immediately preceding the conversion date as quoted by Bloomberg, LP. As of ~~January~~April 148, 2013, $58,469 of principal face value of the Greystone Debenture remains outstanding.

Greystone Private Placement

On July 2, 2010, we entered into two Securities Purchase Agreements with Greystone providing for the sale to Greystone of (i) a convertible debenture in the principal amount of $50,000 (the “First Debenture”) and (ii) a convertible debenture in the principal amount of $20,000 (the “Second Debenture”, and together with the First Debenture, the “Greystone Debentures”). The Debentures matured on the first anniversary of the date of issuance (the “Maturity Date”) and bear interest at the annual rate of 10%.

Greystone may convert, at any time, the outstanding principal and accrued interest on the First Debenture into shares of Common Stock at a conversion price per share equal to the lesser of (i) forty percent (40%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or (ii) forty percent (40%) of the closing price of the Common Stock on July 2, 2010.

Greystone may convert, at any time, the outstanding principal and accrued interest on the Second Debenture into Common Stock at a conversion price per share equal to the lesser of (i) thirty-five percent (35%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or (ii) thirty-five percent (35%) of the closing price of the Common Stock on July 2, 2010. As of ~~January~~April 148, 2013, the entire principal face value of the Greystone Debentures remains outstanding.

Lotus Financing

On July 14, 2010, the Company entered into a Securities Purchase Agreement with Lotus Funding Group, LLC, an accredited investor (“Lotus ”), providing for the sale by the Company to Lotus of a 10% convertible debenture in the principal amount of $55,000 (the “Lotus Debenture”). The Lotus Debenture matured on the first anniversary of the date of issuance (the “Lotus Maturity Date”) and bears interest at the annual rate of 10%.

The Lotus Debenture matured on the first anniversary of the date of issuance (the “Lotus Maturity Date”) and bears interest at the annual rate of 10%.

Lotus may convert, at any time, the outstanding principal and accrued interest on the Lotus Debenture into shares of the Company’s Common Stock at a conversion price per share equal to the lesser of (i) forty percent (40%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the conversion date as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties or (ii) $0.408.

Lotus has agreed to restrict its ability to convert the Lotus Debenture and receive shares of the Company’s Common Stock such that the number of shares of common stock held by Lotus in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of January 14, 2013, $23,100 of principal face value of the Lotus Debenture remains outstanding.

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Lotus has agreed to restrict its ability to convert the Lotus Debenture and receive shares of the Company’s Common Stock such that the number of shares of common stock held by Lotus in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of April 8, 2013, $21,639 of principal face value of the Lotus Debenture remains outstanding.

July 2010 IIG Financing I

On July 26, 2010, we entered into a securities purchase agreement, as amended on January 5, 2011, with IIG Management LLC, an accredited investor (“IIG”), providing for the sale by us to IIG of a 10% convertible debenture in the principal amount of $205,000 (the “IIG Debenture I”). The IIG Debenture I matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%.

~~The~~ IIG ~~Debenture I matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%. IIG~~ may convert, at any time, the outstanding principal and accrued interest on the IIG Debenture I into shares of our common stock at a conversion price per share equal to the lesser of (i) thirty-five percent (35%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties or (ii) $0.3465. As of ~~January~~April 148, 2013, the entire principal face value of the IIG Debenture I remains outstanding.

Assurance Financing

On December 10, 2010, we entered into a securities purchase agreement with Assurance Funding Solutions, LLC, an accredited investor (“Assurance”), providing for the sale by us to Assurance of a 10% convertible debenture in the principal amount of $55,000 (the “Assurance Debenture”). The Assurance Debenture matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%.

~~The~~ Assurance ~~Debenture matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%. Assurance~~ may convert, at any time, the outstanding principal and accrued interest on the Assurance Debenture into shares of our common stock at a conversion price per share equal to the lesser of (i) thirty five percent (35%) of the average of the closing bid price of our common stock during the five (5) trading days immediately preceding the conversion date as quoted by Bloomberg, LP or (ii) $0.0336. Subsequently, the Assurance Debenture was sold to Flyback, LLC. As of ~~January~~April 148, 2013, $41,108 of principal face value of the Assurance Debenture remains outstanding.

IIG Financing II

On January 5, 2011, we entered into a securities purchase agreement with IIG providing for the sale by us to IIG of a 10% convertible debenture in the principal amount of $55,000 (the “Second IIG Debenture”). The Second IIG Debenture matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%.

~~The Second~~ IIG ~~Debenture matured on the first anniversary of the date of issuance and bears interest at the annual rate of 10%. IIG~~ may convert, at any time, the outstanding principal and accrued interest on the Second IIG Debenture into shares of our common stock at a conversion price per share equal to the lesser of (i) thirty-five percent (35%) of the lowest closing price of our common stock during the 10 trading days immediately preceding the conversion date as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties or (ii) $0.0175. As of ~~January~~April 148, 2013, the entire principal face value of the Second IIG Debenture remains outstanding.

Asher Financing II

On January 28, 2011, the Company entered into a Securities Purchase Agreement with Asher Enterprises, Inc. (“Asher”), providing for the sale by the Company to Asher of an 8% convertible debenture in the principal amount of $32,500 (the “Asher II Debenture”). The Asher II Debenture was amended on February 9, 2011 to allow us to prepay the Asher II Debenture within the first 180 days after issuance. The Asher II Debenture matured on November 2, 2011 (the “Asher II Maturity Date”) and bears interest at the annual rate of 8%.

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Asher may convert, at any time, the outstanding principal and accrued interest on the Asher II Debenture into shares of Common Stock at a conversion price per share equal to fifty percent (50%) of the average of the three (3) lowest closing bid prices of the Common Stock during the 10 trading days immediately preceding the conversion date.

Asher agreed to restrict its ability to convert the Asher II Debenture and receive shares of the Company’s Common Stock such that the number of shares of Common Stock held by Asher in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock.

Subsequently, the Asher II Debenture was sold to IIG. As of ~~January~~April 148, 2013, the entire principal face value of the Asher II Debenture remains outstanding.

Greystone Financing

On February 17, 2011, the Company entered into a Securities Purchase Agreement with Greystone providing for the sale by the Company to the Investor of a 10% convertible debenture in the principal amount of $30,500 (the “Second Greystone Debenture”). The Second Greystone Debenture matured on the first anniversary of the date of issuance (the “Second Greystone Maturity Date”) and bears interest at the annual rate of 10%.

Greystone may convert, at any time, the outstanding principal and accrued interest on the Second Greystone Debenture into shares of Common Stock at a conversion price per share equal to the lesser of (i) thirty-five percent (35%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties or (ii) $0.00875. As of ~~January~~April 148, 2013, the entire principal face value of the Second Greystone Debenture remains outstanding.

IIG Financing III

On March 7, 2011, the Company entered into a Securities Purchase Agreement with IIG providing for the sale by the Company to IIG of a 10% convertible debenture in the principal amount of $130,000 (the “Third IIG Debenture”). The Third IIG Debenture matured on the first anniversary of the date of issuance (the “Third IIG Maturity Date”) and bears interest at the annual rate of 10%.

IIG may convert, at any time, the outstanding principal and accrued interest on the Third IIG Debenture into shares of the Company’s Common Stock at a conversion price per share equal to the lesser of (i) thirty-five percent (35%) of the lowest closing price of the Common Stock during the 10 trading days immediately preceding the conversion date as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties or (ii) $0.00525.

IIG has agreed to restrict its ability to convert the Third IIG Debenture and receive shares of the Company’s Common Stock such that the number of shares of common stock held by IIG in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of ~~January~~April 148, 2013, the entire principal face value of the Third IIG Debenture remains outstanding.

Flyback Financing

On September 21, 2011, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Flyback, LLC, an accredited investor (“Flyback”), providing for the sale by the Company to the Investor of a 10% convertible debenture in the principal amount of $300,000 (the “Flyback Debenture”). The Flyback Debenture matures on March 20, 2013 (the “Flyback Maturity Date”) and bears interest at the annual rate of 10%. The Company is not required to make any payments until the Flyback Maturity Date although the Company has the ability to repay the Flyback Debenture at any time without penalty upon five days prior written notice to Flyback.

Flyback may convert, at any time, the outstanding principal and accrued interest on the Flyback Debenture into shares of the Company’s Common Stock at a conversion price per share equal to fifty percent (50%) of the average of the closing prices of the Common Stock during the five trading days immediately preceding the date of conversion as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties. Flyback has agreed to restrict its ability to convert the Flyback Debenture and receive shares of Common Stock such that the number of shares of Common Stock held by Flyback in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of ~~January~~April 148, 2013, the entire principal face value of the Flyback Debenture remains outstanding.

As of April 8, 2013 the 10 Notes issued by the Company in 2010 and 2011 have matured. The maturity date of the Notes have not been extended nor has notice of default been received by the holders of the Notes.

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Millennium Financing

On August 28, 2012, the Company entered into a Securities Purchase Agreement with Millennium Investment Realty, an accredited investor (“Millennium”), providing for the sale by the Company to Millennium of a 10% convertible debenture in the principal amount of $50,000 (the “Millennium Debenture”). The Millennium Debenture matures on February 28, 2014 (the “Millennium Maturity Date”) and bears interest at the annual rate of 10%. The Company is not required to make any payments until the Millennium Maturity Date although the Company has the ability to repay the Millennium Debenture at any time without penalty upon five days prior written notice to Millennium.

Millennium may convert, at any time, the outstanding principal and accrued interest on the Millennium Debenture into shares of the Company’s Common Stock at a conversion price per share equal to fifty percent (50%) of the average of the closing prices of the Common Stock during the ten trading days immediately preceding the date of conversion as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties. Millennium has agreed to restrict its ability to convert the Millennium Debenture and receive shares of Common Stock such that the number of shares of Common Stock held by Millennium in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of ~~January~~April 148, 2013, the entire principal face value of the Millennium Debenture remains outstanding.

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Milstein Financing

On October 26, 2012, the Company entered into a Securities Purchase Agreement with Monroe Milstein, an accredited investor (“Milstein”), providing for the sale by the Company to Milstein of a 10% convertible debenture in the principal amount of $200,000 (the “Milstein Debenture”). The Milstein Debenture matures on October 26, 2014 (the “Milstein Maturity Date”) and bears interest at the annual rate of 10%. The Company is not required to make any payments until the Milstein Maturity Date although the Company has the ability to repay the Milstein Debenture at any time without penalty upon five days prior written notice to Milstein.

Milstein may convert, at any time, the outstanding principal and accrued interest on the Milstein Debenture into shares of the Company’s Common Stock at a conversion price per share equal to fifty percent (50%) of the lowest closing price of the Common Stock during the ten trading days immediately preceding the date of conversion as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties. Milstein has agreed to restrict its ability to convert the Milstein Debenture and receive shares of Common Stock such that the number of shares of Common Stock held by Milstein in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company’s Common Stock. As of ~~January~~April 148, 2013, the entire principal face value of the Milstein Debenture remains outstanding.

Operating Activities

Net cash used in operating activities for the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013 was $51158,~~465~~913 which resulted primarily from a net loss of $~~228~~1,~~409~~687,915, which was offset by non-cash items for ~~amortization~~change ofin ~~debt~~fair ~~discount~~value of ~~$366,089~~derivative ~~and~~liability ~~depreciation~~of convertible notes of $~~700~~896,283, ~~such~~amortization ~~non-cash expenses partially offset by non-cash change in fair value~~ of ~~derivative~~debt ~~liability~~discount of ~~convertible~~$582,574 ~~notes~~and depreciation of $~~229~~1,~~790~~400. We also had a net increase in accounts payable and accrued expenses of $3948,~~945~~745.

Net cash used in operating activities for the ~~three~~six months ended ~~November~~February 3029, ~~2011~~2012 was $~~113~~202,~~503~~669, which resulted primarily from a net loss of $23,~~347~~630,~~195~~677, which was offset by non-cash items for amortization of debt discount and finance cost of $~~293~~689,~~083~~443, ~~and~~ change in fair value of derivative liability of convertible notes of $12,~~924~~648,~~453~~265 and depreciation of $467, such non-cash expenses partially offset by non-cash gain on conversion of debt of $2320,~~714~~475. We also had a net increase in accounts payable and accrued expenses of $39110,~~870~~308.

Financing Activities

Net cash provided by financing activities was $200,000 for the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013, from the sale of a convertible note.

Net cash provided by financing activities was $274,725 for the ~~three~~six months ended ~~November~~February 3029, ~~2011~~2012. We received $300,000 in proceeds from the sale of a convertible note and repaid $25,275 of notes.

As a result of the above activities, we experienced a net increase in cash of $~~148~~41,~~535~~087 during the ~~three~~six months ended ~~November~~February 3028, ~~2012~~2013 compared to an increase of $~~161~~72,~~222~~056 during the ~~three~~six months ended ~~November~~February 3029, ~~2011~~2012. Our ability to continue as a going concern is still dependent on our success in obtaining additional financing from investors or through the sale of convertible debentures.

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Application of Critical Accounting Policies

Revenue Recognition

Revenue is recorded on the basis of services provide to our clients, and is recognized when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.

Our primary source of revenue was from our U-Furnish.com e-commerce site which was acquired on May 31, 2012. The revenue is recorded on a net basis.

Stock-Based Compensation

The costs of all employee stock options, as well as other equity-based compensation arrangements, are reflected in the consolidated financial statements based on the estimated fair value of the awards on the grant date. That cost is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). Stock compensation for stock granted to non-employees is determined as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured.

Derivatives

Derivative instruments are recognized as either assets or liabilities and are measured at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation.

Recent Accounting Pronouncements

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not or are not believed by management to have a material impact on the Company's present or future financial statements.

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Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not required under Regulation S-K for “smaller reporting companies.”

Item 4 . Controls and Procedures

(a) Evaluation of disclosure controls and procedures.

Our management, with the participation of our chief executive officer ~~and chief financial officer~~, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934 as of ~~November~~February 3028, ~~2012~~2013. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Based on our evaluation, our chief executive officer ~~and chief financial officer~~ concluded that, as of ~~November~~February 3028, ~~2012~~2013, our disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer ~~and chief financial officer~~, as appropriate, to allow timely decisions regarding required disclosure.

(b) Changes in internal control over financial reporting.

There were no changes in our internal control over financial reporting that occurred during the quarter ended ~~November~~February 3028, ~~2012~~2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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~~TABLE~~Table OFof ~~CONTENTS~~Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Except as disclosed below, there are no legal proceedings to which we are a party or to which any of our property is subject, and to the best of our knowledge, no such actions against us is contemplated or threatened.

PR Newswire Association, Inc. vs. Financial Filings Corporation, Digital Wall Street, Inc. and WallStreet Direct, Inc., Superior Court of New Jersey, Hudson County, Civil Division #5, Docket No. L-878-09. On February 12, 2009, PR Newswire filed litigation against us and our subsidiaries to pay $74,194.60 for services provided by PR Newswire. A judgment was entered against us in the amount of $74,194.60 and said amount remains unpaid.

Adon Networks, Inc. vs. Wall Street Direct, Inc., Superior Court of Arizona in and for the County of Maricopa County Civil Action #CV2009-00035. On February 4, 2009, Adon Networks filed an action to collect $41,966 in amounts due for services provided to Wall Street Direct. A judgment was entered against us in the amount of $41,966 and said amount remains unpaid.

Renaissance Hotel Management Company, LLC vs. Financial Media Group, Inc., Cook County Court, Illinois, First Municipal District, Case No. 08M110495. On January 22, 2008, litigation claiming $20,250 from us was commenced under the above-entitled action. On September 10, 2008, a judgment was entered against us in the amount of $14,371.87 and said amount remains unpaid.

CBS Outdoors, Inc. vs. Financial Media Group, Inc., New York City Civil Court Index No. CV-003947-08/NY. On March 27, 2008, a Stipulation of Settlement was entered between CBS Outdoors and us for a sum of $16,800. A default judgment in the amount of $17,794.85 was entered against us on October 16, 2008.

Dow Jones & Company, Inc. DBA Dow Jones Marketwatch as successor in interest to Marketwatch, Inc. vs. Financial Media Group, Inc. Et. Al., Superior Court of California, County of Orange, Case No. 30-2208 00112726. On September 30, 2008, Dow Jones filed a complaint for a breach of contract against us for failing to pay $42,000 in licensing fees for using Marketwatch’s financial information and analytical tools relating to securities pursuant to the terms as required by the License and Service Agreement. On March 4, 2009, a judgment for $48,162.40 was awarded in favor of Dow Jones, and said amount remains unpaid. We plan to contest the judgment if a settlement is not reached as services were supplied to a subsidiary. On November 15, 2010, the Company agreed to settle judgment and paying $2,000 per month until the amount is paid in full. The Company is not current in these payments.

Elite Financial Communications Group, LLC vs. Financial Media Group, Inc., Superior Court of California, County of Orange, Case No. 30-20090012358 . On May 22, 2009, Elite Financial Communications Group, LLC filed a complaint for a breach of contract against us for failing to pay for Investor Relations Services. On October 1, 2009, a judgment for $61,293 was awarded in favor of Elite Financial Communications, and the amount remains unpaid. The balance has been included in current liability on the accompanying consolidated financial statements.

TPF Partners vs. Financial Media Group, Inc., Superior Court of California, County of Orange, Case No. 30-2010-00363315 . On April 15, 2010, TPF filed a complaint for a unlawful retainer against us for unpaid rent, late charges and other amounts in the sum of $28,061.56, as of March 12, 2010. On June 25, 2010, a default judgment was awarded in favor of TPF Partners, which judgment was not paid. On May 22, 2012, an amended complaint was filed for damages of $79,134.89. On August 14, 2012, TPF Partners made a motion for an entry of default judgment against us in the amount of $88,682.72.

Item 1A. Risk Factors

Not required under Regulation S-K for “smaller reporting companies.”

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

None.

Item 3. Defaults Upon Senior Securities

None.

~~Item 4. Mine Safety Disclosures~~11

Table of Contents

Item 4 . Mine Safety Disclosures

None.

Item 5. Other Information

None.

TABLE OF CONTENTS

Item 6. Exhibits

31.01 Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


31.01		Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31. 02		Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.01		Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101 INS		XBRL Instance Document*

101 SCH		XBRL Taxonomy Extension Schema Document*

101 CAL		XBRL Taxonomy Calculation Linkbase Document*

101 LAB		XBRL Taxonomy Labels Linkbase Document*

101 PRE		XBRL Taxonomy Presentation Linkbase Document*

101 DEF		XBRL Taxonomy Extension Definition Linkbase Document*

31.02 Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.01 Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101 INS XBRL Instance Document*

101 SCH XBRL Taxonomy Extension Schema Document*

101 CAL XBRL Taxonomy Calculation Linkbase Document*

101 LAB XBRL Taxonomy Labels Linkbase Document*

101 PRE XBRL Taxonomy Presentation Linkbase Document*

101 DEF XBRL Taxonomy Extension Definition Linkbase Document*

Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

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~~TABLE~~Table OFof ~~CONTENTS~~Contents

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CLICKER INC.
Date: January 22, 2013	By:	/s/ WILLIS ARNDT, JR.
Date: April 22, 2013	By:	/s/ WILLIS ARNDT, JR.
		Willis Arndt, Jr.
		Chief Executive Officer (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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