MICROSMART DEVICES, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. Forward-looking Statements Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the Securities markets, the Company's ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Company's operations, products, services and prices. Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. The company does not undertake, and specifically disclaim, any obligation to update any forward- looking statements to reflect events or circumstances occurring after the date of such statements. Management's Discussion and Analysi...
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MICROSMART DEVICES, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative7  14  7  4  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(7)(14)(7)(4)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(7)(14)(7)(4)Interest Expense -   -   -   -  Income Before Tax(7)(14)(7)(4)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(7)(14)(7)(4)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of...
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MICROSMART DEVICES, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. Forward-looking Statements Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the Securities markets, the Company's ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Company's operations, products, services and prices. Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. The company does not undertake, and specifically disclaim, any obligation to update any forward- looking statements to reflect events or circumstances occurring after the date of such statements. Management's Discussion and Analysi...
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MICROSMART DEVICES, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. Forward-looking Statements Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, the Company's ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Company's operations, products, services and prices. Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements. Management's Discussion and Analysi...
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MICROSMART DEVICES, INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations We had no revenues during the two years ended December 31, 2008. We have generated no profit since inception. We had a net loss of ($42,365) for the year ended December 31, 2008, a net loss of ($52,614) for the year ended December 31, 2007 and cumulative losses of ($219,535) since our inception on August 18, 1998. Primarily all of these losses are the result of legal and accounting expenses. Liquidity At December 31, 2008, we had no cash resources. During fiscal 2004, contributions were made by the then principal stockholder in the amount of $1,175, with the aggregate amount of $8,026 having been provided through December 31, 2008. In conjunction with the change in ownership in May 2007 the selling principal stockholder assumed the Company's obligations to him of $44,765 and liabilities of $79,743 to third parities. During 2007 and 2008, the present principal stockholder advanced funds to the Company and paid expenses on behalf of the Company in the amount of $59,855 which is outstanding at December 31, 2008. This unsecured non-interest bearing liability is payable on demand. While the present principal stockholder is not obligated to continue providing funding to the Company, it has advised us that it will continue to do so during the next 12 months until the Company is able to raise debt or equity funds from financial institutions or accredited investors. Also, during fiscal 2004, we issued 857,418 shares of our common stock for cash in the amount of $2,500. Other than maintaining its good corporate standing in the State of Nevada, compromising and settling its debts and seeking the acquisition of assets, properties or businesses that may benefit us and our stockholders, we have not had any material business operations during the two most recent calendar years. Off-Balance Sheet Arrange...
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MICROSMART DEVICES, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. Forward-looking Statements Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, the Company's ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Company's operations, products, services and prices. Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements. Management's Discussion and Analysis of ...
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