10-Q 1 l10q063009.txt GREENSTART, INC. FORM 10-Q U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2009 GREENSTART, INC. --------------------------------------- (Exact name of small business issuer as specified in its charter) Nevada 26-0678509 --------------------------------- ------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 161 N. Main Street Bountiful, UT 84010 --------------------------------------------------- (Address of principal executive offices) (Zip Code) (801) 532-6800 --------------------------- (Issuer's telephone number) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act) YES [ ] NO [X] APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by court. YES [ ] NO [ ] APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 4,500,000 shares of common stock, $0.001 par value, as of August 14, 2009 TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE): YES [ ] NO [X]

PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS.

GREENSTART, INC. NOTES TO FINANCIAL STATEMENTS NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY GreenStart, Inc. (the "Company") was incorporated in Nevada on June 12, 2007 for the purpose of managing alternative energy technologies and patents. The Company intends to develop and commercialize its licensed technologies which are capable of producing large volumes of alternative energy, (syngas, dimethyl ether, fuels) from urban waste, garbage, sewage sludge and animal waste products. The Company has also been in the application stages of patenting its own technologies. The Company's initial development strategy has been to acquire the technologies and resources needed to create and market a new alternative energy source. The Company is currently a development stage company with a limited operating history, limited assets, and limited cash resources. The Company has not yet begun production operations to date, except for the production of a prototype Gasifier unit, and the Company has not offered or sold our products to any major customers. We continue to be in the process of developing our gasification technologies and the gasifier units. However, the Company has received a going concern opinion from our auditor during our last audit of our financial statements. On October 31, 2008, the Company's former majority shareholder, Granite Energy, Inc. entered into a reorganization with Amerigo Energy, Inc. As a part of the reorganization, the interest in the Company that was held by Granite was sold to Amerigo Energy, Inc. Amerigo Energy, Inc. is now the majority shareholder of the Company (see Note 5). The note payable formerly held by Granite Energy was sold to Amerigo, Inc., a wholly-owned subsidiary of Amerigo Energy. The accompanying unaudited interim financial statements include all adjustments, which in the opinion of management, are necessary in order to make the accompanying financial statements not misleading, and are of a normal recurring nature. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in our annual financial statements for the year ended December 31, 2008 included in Form 10-K. Operating results for the periods ended June 30, 2009, are not necessarily indicative of the results that can be expected for the year ending December 31, 2009. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has incurred recurring losses, has used significant cash in support of its operating activities and, based upon current operating levels, requires additional capital or significant reconfiguration of its operations to sustain its operations for the foreseeable future. These factors, among others, may indicate that the Company will be unable to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate sufficient cash flow to meet obligations on a timely basis and ultimately to attain profitability. The Company has obtained working capital through equity offerings and management plans to obtain additional funding through equity or debt financings in the future. The Company's majority shareholder (Amerigo Energy, Inc.) has also funded the Company's operations with working capital advances; however, no directors, officers or shareholders have committed to fund the Company's operations or to make loans or other financing arrangements available to the Company. There is no assurance that the Company will be successful in its efforts to raise additional working capital or achieve profitable operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 5 DEVELOPMENT STAGE COMPANY The accompanying financial statements have been prepared in accordance with the Statement of Financial Accounting Standards No. 7 "Accounting and Reporting by Development-Stage Enterprises". A development-stage enterprise is one in which planned principle operations have not commenced or if its operations have commenced, there has been no significant revenue there from. Development-stage companies report cumulative costs from the enterprises inception. RESEARCH AND DEVELOPMENT Research and development costs are expensed in the period incurred in accordance with Statement of Financial Accounting Standards No. 2 "Accounting for Research and Development Costs". CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. USE OF ESTIMATES The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. INTANGIBLE ASSETS The Company follows Statement of Financial Accounting Standard No. 142 "Goodwill and Other Intangible Assets" to determine the method of amortization of its intangible assets. The Company amortizes its intangible assets using the straight-line method over an estimated useful life of 2 years (see Note 3). IMPAIRMENT AND DISPOSAL OF LONG-LIVED ASSETS The Company evaluates the carrying value of its long-lived assets under the provisions of Statement of Financial Accounting Standard No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets". Statement No. 144 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted future cash flows estimated to be generated by those assets are less than the assets' carrying amount. If such assets are impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying value or fair value, less costs to sell. No impairments were recognized during the year ended December 31, 2008 and six months ended June 30, 2009. EARNINGS PER SHARE SFAS 128, Earnings per Share, requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti- dilutive effect on diluted earnings per share are excluded from the calculation. At December 31, 2008 and June 30, 2009 (unaudited), the Company has options outstanding that could be exercised representing a total of 1,000,000 additional shares. All have been excluded from the weighted average share calculation because they would be anti-dilutive. INCOME TAXES The Company maintained a full valuation allowance on its net deferred tax assets as of December 31 2008. The valuation allowance was determined in accordance with the provisions of Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes, ("SFAS No. 109"), which requires an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets are recoverable; such assessment is required on a jurisdiction by jurisdiction basis. Expected future losses represented sufficient negative evidence under SFAS No. 109 and accordingly, a full valuation allowance was recorded against deferred tax assets. The Company intends to maintain a full valuation allowance on the deferred tax assets until sufficient positive evidence exists to support reversal of the valuation allowance. Deferred income tax liabilities and assets are determined based on the differences between the financial statement and income tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. 6 STOCK-BASED COMPENSATION In December 2004, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards ("SFAS") No. 123R, Share-Based Payment ("SFAS No. 123R"). SFAS No. 123R is a revision of SFAS No. 123, Accounting for Stock- Based Compensation ("SFAS No. 123"), and supersedes Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees ("APB No. 25"), and its related implementation guidance. The Company has adopted SFAS No. 123R, which requires the measurement and recognition of compensation expense for all stock-based payment awards made to employees and directors. Under the fair value recognition provisions of SFAS No. 123R, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period. Determining the fair value of stock-based awards at the grant date requires considerable judgment, including estimating the expected future volatility of our stock price, estimating the expected length of term of granted options and selecting the appropriate risk-free rate. There is no established trading market for our stock. RECENT ACCOUNTING PRONOUNCEMENTS In December 2007, the FASB issued SFAS 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51 which applies to all entities that prepare consolidated financial statements, except not-for- profit organizations, but will affect only those entities that have an outstanding noncontrolling interest in one or more subsidiaries or that deconsolidate a subsidiary. The statement is effective for annual periods beginning after December 15, 2008. In February 2008, the FASB issued FASB Staff Position No. FAS 157-2, Effective Date of FASB Statement No. 157, which provides a one-year deferral of the effective date of SFAS 157 for non-financial assets and non-financial liabilities, except those that are recognized or disclosed in the financial statements at fair value at least annually. The Company is currently evaluating the impact of adopting SFAS 157 with respect to non-financial assets and non- financial liabilities, essentially goodwill and identifiable intangible assets, but does not believe the adoption will have a significant impact on the Company's consolidated financial statements. The provisions of SFAS 157 will be applied to non-financial assets and non-financial liabilities beginning March 1, 2009. In April 2008, the FASB issued FSP 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 amends the factors that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized intangible asset under SFAS No. 142, Goodwill and Other Intangible Assets . FSP 142-3 is effective for fiscal years beginning after December 15, 2008 (our fiscal 2010) and early adoption is prohibited. We are currently evaluating the impact FSP 142-3 will have on the useful lives of our intangible assets but do not expect it to have a material impact on our financial statements. NOTE 3 - INTANGIBLE ASSETS The Company currently has License Rights to patents from the University of Utah for technology that will be used with its gasification processes. In addition, certain intellectual property was acquired in a purchase of intangible assets of N-Tek by Granite Energy, our former majority shareholder, and transferred to the Company. The Company amortizes the intangibles using the straight-line method over a useful life of 2 years. The historical cost of the intangible assets was $88,807. Accumulated amortization totaled $64,729 and $85,514 (unaudited) for the period ended December 31, 2008 and the six months ended June 30, 2009, respectively. NOTE 4 - INCOME TAXES The Company records its income taxes in accordance with Statement of Financial Accounting Standard No. 109, "Accounting for Income Taxes". The Company incurred net operating losses during all periods presented resulting in a deferred tax asset, which was fully allowed for in a valuation allowance. As a result, the net benefit and expense resulted in no income taxes. NOTE 5 - STOCKHOLDERS' DEFICIT On July 1, 2007, Granite owned all 4,500,000 shares of the Company's common stock. On October 15, 2007, a dividend of 1,178,863 shares of the Company's stock was distributed by Granite to its shareholders at a ratio of 1 share of GreenStart common stock for every 45 shares of Granite Energy, Inc. stock owned. During the period ended September 30. 2008, Granite Energy distributed 410,260 shares of GreenStart common stock that they held. On October 31, 2008, Granite Energy entered into a reorganization with Amerigo Energy, Inc. As a part of the reorganization, Granite's interest in the Company was sold to Amerigo Energy, Inc. Amerigo Energy is now the majority shareholder of the Company's Common Stock and as of December 31, 2008 holds 3,073,036 shares or 68.29% of our outstanding common stock. As of December 31, 2008 and June 30, 2009, 4,500,000 shares were issued and outstanding. 7 NOTE 6 - STOCK OPTIONS On November 1, 2007 the Company's Board of Directors approved the Qualified Equity Incentive Stock Plan. The Qualified Equity Incentive Stock Plan ("Plan") is intended to afford an incentive to the Company's key managerial employees to acquire a proprietary interest in the Company and to enable the Company to attract and retain such key employees. The plan provides for 1,000,000 shares of $0.001 par value common stock. On November 1, 2007, the Board granted four of the Company's officer's options to acquire a total of 1,000,000 shares of the Company's common stock. The options expire in October 2012 and are exercisable at a price or $0.46 per share. A summary of changes in the number of stock options outstanding for the period ended December 31, 2008 and the six months ended June 30, 2009 are as follows:

The weighted average grant date fair value of options granted during the period ended June 30, 2009 was $-0-. The total intrinsic value of options exercised during the period ended June 30, 2009 was $-0-. Outstanding options at December 31, 2008 had a weighted average remaining contractual life of 3.83 years with an aggregate intrinsic value of $-0-. Exercisable options at December 31, 2008 also had a weighted average remaining contractual life of 3.83 years with an aggregate intrinsic value of $-0-. Outstanding options at June 30, 2009 had a weighted average remaining contractual life of 3.33 years with an aggregate intrinsic value of $-0- (unaudited). Exercisable options at June 30, 2009 also had a weighted average remaining contractual life of 3.33 years with an aggregate intrinsic value of $-0- (unaudited). The Black-Scholes option-pricing model was used in determining the fair value of each option grant. Assumptions used in the Black-Scholes model are presented below: Risk-free interest rate 3.45% Dividend yield 0.00% Volatility factor 50.000% Weighted average expected life 3.33 years 8 On November 1, 2007, the Board also approved the issuance of an additional 1,100,000 options to three of the Company's officers. The options are to be granted once the Company's common stock is accepted for trading on Over-the- Counter Bulletin Board (OTCBB), NASDAQ (Small Cap), American Stock Exchange or other recognized stock exchange. As of the date of this filing the Company is still in the process of being listed on the OTCBB. NOTE 7 - RELATED PARTY TRANSACTIONS The Company had issued a note payable to its former majority shareholder (Granite), totaling $191,558 as of December 31, 2007. As part of a reorganization of Granite, the note has been transferred to Amerigo, Inc., a wholly-owned subsidiary of our majority shareholder Amerigo Energy, Inc. As of June 30, 2009 the balance on that note was $356,820. This obligation is due on demand and accrues interest at 6% annually. The accrued interest on this loan totaled $18,287 and $28,991, respectively, at December 31, 2008 and June 30, 2009. The amounts are considered short term due to the demand status of the note. Please refer to Note 1 for more information on the transfer of the liability. The Company has issued a note payable to Amerigo, Inc., the wholly-owned subsidiary of its majority shareholder, Amerigo Energy, Inc. The balance on the note payable was $19,424 and $2,129 on June 30, 2009 and December 31, 2008, respectively. This obligation is due on demand and accrues interest at 6% annually. The accrued interest on this loan totaled $164 at June 30, 2009 and $0 at December 31, 2008. The amount is considered short term due to the demand status of the note. Effective October 1, 2007, the Company entered into a consulting agreement with a firm controlled by the Company's Chief Executive Officer for a fee of $3,500 per month. The consulting firm has been engaged to assist in organizing and completing the process of filing a registration statement and other filings with the Securities and Exchange Commission. The Company owed the firm $52,500 and $73,500, respectively, as of December 31, 2008 and June 30, 2009, which are included as part of Accounts payable - related party in the accompanying financial statements. During the fourth quarter of 2008, an entity by the name of Green N-ergy Corporation (formed in the State of Utah on September 15, 2008) paid a liability in the amount of $278,763 which was due to Peterson, Inc. Green N- ergy Corporation is an entity controlled by the father of our President, Morris Ebeling, Jr. The liability has been kept as an account payable to Green N-ergy Corporation. As of August 2009, the Company and Mr. Ebeling Sr. have not reached an agreement on what Mr. Ebeling Sr. and his company will receive in exchange for the settling of that liability. Management is still in talks with him as to determine an equitable solution for all parties. As of December 31, 2008 and June 30, 2009, the Company owed two directors and President a total of $68,500 and $122,500, respectively, for services provided related to their respective offices held or according to agreements since inception. The obligations are included in the accompanying financial statements as Accrued expenses - related parties. ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. PRELIMINARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This discussion contains forward-looking statements. The reader should understand that several factors govern whether any forward-looking statement contained herein will be or can be achieved. Any one of those factors could cause actual results to differ materially from those projected herein. These forward-looking statements include plans and objectives of management for future operations, including plans and objectives relating to the products and the future economic performance of the Company. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions, future business decisions, and the time and money required to successfully complete development projects, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of those assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in any of the forward- looking statements contained herein will be realized. Based on actual experience and business development, the Company may alter its marketing, capital expenditure plans or other budgets, which may in turn affect the Company's results of operations. In light of the significant uncertainties inherent in the forward-looking statements included therein, the inclusion of any such statement should not be regarded as a representation by the Company or any other person that the objectives or plans of the Company will be achieved. 9 A complete discussion of these risks and uncertainties are contained in our Annual Financial Statements included in the Form 10-K for the fiscal year ended December 31, 2008, as filed with the Securities and Exchange Commission on April 15, 2009. INTRODUCTION GreenStart, Inc. (the "Company") was incorporated on June 12, 2007 in the State of Nevada. The Company is in the alternative energy business and was formed for the purpose of managing certain intangible assets acquired by Granite Energy, Inc. ("Granite"), the Company's former majority shareholder. Granite acquired alternative energy technologies and patents in early 2007 from the University of Utah. In April 2008, the University of Utah renewed the patent license and transferred the license agreement to the Company to utilize the rights to that intellectual property. In October of 2008, Granite entered into a reorganization and transferred its interest in GreenStart to Amerigo Energy, Inc. This change of control has no impact on the intellectual property of the Company because the intellectual property is all held in its name. The Company has also been in the application stages of patenting its own technologies. The Company's initial development strategy has been to acquire the technologies and resources needed to create and market a new alternative energy source. The following is a discussion of the Company's financial condition, results of operations, financial resources and working capital. This discussion and analysis should be read in conjunction with the Company's financial statements contained in this Form 10-Q. DESCRIPTION OF REVENUES At this time we are not generating revenues. There can be no assurance that we will generate revenues in the future. REVENUE RECOGNITION Sales revenue relating to any future product or service offerings, if applicable, will be recognized when earned and collection is probable. DESCRIPTION OF EXPENSES Our current expenses consist primarily of general and administrative matters, including consulting and professional fees and accrued payroll expenses related to our President. RESULTS OF OPERATIONS REVENUES We did not realize revenues for the three months ended June 30, 2009 and June 30, 2008 or period from inception to June 30, 2009. OPERATING EXPENSES General and Administrative - General and administrative expenses were $92,890 for the six months ended June 30, 2009, compared to $113,903 for the six months ended June 30, 2008, representing a decrease of $21,013. The decrease in general and administrative expense reflects the decrease in activities of the company. Research & Development - Research and development expenses were $0 for the six months ended June 30, 2009, and $364,435 for the six months ended June 30, 2008. OTHER EXPENSES During the six months ended June 30, 2009, interest expense was $10,868, compared to $6,291 during the six months ended June 30, 2008, representing an increase of $4,577. The increase relates to the accrued interest on the $376,244 notes payable to related parties. See Note 7 for further information on the related party note payable. NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS We realized a net loss of $124,544 for the six months ended June 30, 2009, compared to a net loss of $506,830 for the six months ended June 30, 2008, a decrease of $382,286 primarily related to research and development expenses during the prior period. LIQUIDITY AND CAPITAL RESOURCES At June 30, 2009, we had cash in the amount of $494, and a working capital deficit of $888,483, as compared to cash in the amount of $53 and a working capital deficit of $784,724 for the period ended December 31, 2008. In addition, our stockholders' deficit was $885,190 at June 30, 2009, compared to stockholders' deficit of $760,646 at December 31, 2008. Our accumulated deficit increased from $808,641 at December 31, 2008 to $933,185 at June 30, 2009. Our operations used net cash of $17,404 during the six months ended June 30, 2009, compared to $153,544 during the six months ended June 30, 2008, a decrease of $136,140. Our cash used for investing activities was $0 for the six months ended June 30, 2009 and $0 for six months ended June 30, 2008. Our financing activities provided net cash of $17,845 during the six months ended June 30, 2009, compared to net cash of $139,296 during the six months ended June 30, 2008. ITEM 3. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS We evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2009, the end of the period covered by this Quarterly Report on Form 10-Q. This evaluation was undertaken by our chief executive officer, and chief financial officer, Jason F. Griffith. Mr. Griffith serves as our principal executive officer as well as our principal accounting and financial officer. 10 We reviewed and evaluated the effectiveness of the design and operation of our disclosure controls and procedures, as of the end of the fiscal quarter covered by this report, as required by Securities Exchange Act Rule 13a-15, and concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in our reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, is accumulated and communicated to management on a timely basis, including our principal executive officer and principal financial and accounting officer. CONCLUSIONS Based on this evaluation, our principal executive officer and principal financial and accounting officer concluded that our disclosure controls and procedures are effective to ensure that the information we are required to disclose in reports that we file pursuant to the Exchange Act are recorded, processed, summarized, and reported in such reports within the time periods specified in the Securities and Exchange Commission's rules and forms. CHANGES IN INTERNAL CONTROLS There were no changes in our internal controls over financial reporting that occurred during the last fiscal quarter, i.e., the three months ended June 30, 2009, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting. 11 PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS. None ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS. None. ITEM 3. DEFAULTS UPON SENIOR SECURITIES. Not applicable. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. Not applicable. ITEM 5. OTHER INFORMATION. Not applicable. ITEM 6. EXHIBITS (a) Exhibits. 31.1 Certification of our Principal Executive Officer and Principal Financial and Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certification of our Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350) 12 SIGNATURE 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. GREENSTART, INC. (REGISTRANT) Date: August 10, 2009 By: /s/ Jason F. Griffith --------------------- Jason F. Griffith Its: Chief Executive Officer and Chief Financial Officer WHERE YOU CAN FIND ADDITIONAL INFORMATION We have filed with the Securities and Exchange Commission this Form 10-Q under the Securities Act. You may read and copy all or any portion of the filing or any reports, statements or other information in the files at SEC's Public Reference Room located at 100 F Street, NE., Washington, DC 20549, on official business days during the hours of 10 a.m. to 3 p.m. You can request copies of these documents upon payment of a duplicating fee by writing to the Commission. You may call the Commission at 1-800-SEC-0330 for further information on the operation of its public reference room. Our filings, including the registration statement, will also be available to you on the website maintained by the Commission at http://www.sec.gov. We intend to furnish our stockholders with annual reports which will be filed electronically with the SEC containing consolidated financial statements audited by our independent auditors, and to make available to our stockholders quarterly reports for the first three quarters of each year containing unaudited interim consolidated financial statements. We maintain a website at www.greenstartenergy.com. Our website and the information contained on that site, or connected to that site, is not part of or incorporated by reference into this filing. 13

GreenStart, Inc. 10-Q