FORMULAWON, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have yet to begin operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000- $40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. We are still pursuing this plan but to date we have not been able to raise additional funds through either debt or equity offerings. Without this additional cash we have been unable to pursue our plan of operations and commence generating revenue. We believe that we may not be able to raise the necessary funds to continue to pursue our business operations. As a result of the foregoing, we may begin to explore our options regarding the development of a new business plan and direction. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. F...
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FORMULAWON, INC Financials

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FORMULAWON, INC Files SEC form 10-Q/A, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have yet to begin operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to June 30, 2009 we've had $6,700 in revenues. Expenses for such period totaled $101,782. Expenses for the period consisted of $43,750 for lease payments, $7,500 for compe...
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FORMULAWON, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have yet to begin operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to June 30, 2009 we've had $6,700 in revenues. Expenses for such period totaled $101,782. Expenses for the period consisted of $43,750 for lease payments, $7,500 for compe...
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FORMULAWON, INC Financials

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FORMULAWON, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have yet to begin operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to March 31, 2009 we had $6,700 in revenues. Expenses for such period totaled $98,857. Expenses for the period consisted of $43,750 for lease payments, $6,000 for compensat...
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FORMULAWON, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have yet to begin operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to March 31, 2009 we had $6,700 in revenues. Expenses for such period totaled $98,857. Expenses for the period consisted of $43,750 for lease payments, $6,000 for compensat...
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FORMULAWON, INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Plan of Operation We have just begun operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to December 31, 2008 we've had $6,700 in revenues. Expenses for the year ended December 31, 2008 totaled $67,779. Expenses for the year consisted of $32,813 for lease payments, $22,313 for professional f...
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FORMULAWON, INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Plan of Operation We have just begun operations, and we require outside capital to implement our business model. 1. We believe we can begin to implement our plan to provide the general public the unique experiences of classroom training, simulated driving instructions, and real-time driving of Formula 1 and other racecars on actual racetracks. 2. All functions will be coordinated and managed by our founder, including marketing, finance and operations. 3. We intend to support these marketing efforts through advertising and the development of high-quality printed marketing materials. We expect the total cost of the marketing program to range from $20,000-$40,000. 4. Within 90-120 days of the initiation of our marketing campaign, we believe that we will begin to generate business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Limited Operating History We have generated less than two full years of financial information and have not previously demonstrated that we will be able to expand our business through increased investment marketing. Our business is subject to risks inherent in growing an enterprise with limited capital resources. Future financing may not be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue expanding our operations. Equity financing will result in a dilution to existing shareholders. Results of Operations For the period from July 19, 2007 (inception), to September 30, 2008 we've had $6,700 in revenues. Expenses for such period totaled $21,080. Expenses for the period consisted of $3,000 for compensation, $14,738 for profe...
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