NEVADA PROCESSING SOLUTIONS Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Overview of Current Operations Nevada Processing Solutions is a startup company that processes loan for mortgage companies. Results of Operations for the year ended September 30, 2009 We earned no revenues since our inception on May 30, 2006 through September 30, 2009. We do not anticipate earning any significant revenues until such time as we fully initiate our business operations. We are presently in the development stage of our business and we can provide no assurance that we will be successful in becoming a provider to the mortgage industry to process their loan applications. For the period of May 30, 2006 (inception) through September 30, 2009 we generated no income. Since our inception we experienced a net loss of $(737,791). The bulk of our net loss ($706,878) represents the accounting of the beneficial conversion feature of our preferred stock to common stock. Most of the actual general and administrative expenses $(30,913), since our inception, represented legal and audit fees. For the year ending September 30, 2009 we lost $(19,400) as compared to a loss of $2,750 for the same period last year. We anticipate our operating expenses will increase as we build our operations. We anticipate our ongoing operating expenses will increase as we are now a reporting company under the Securities Exchange Act of 1934. Revenues We generated no revenues for the period from May 30, 2006 (inception) through September 30, 2009. We do not anticipate generating any revenues for at least 24 months. Liquidity and Capital Resources Our balance sheet as of September 30, 2009 reflects current assets of $1,000 and $775 in current liabilities. Notwithstanding, we anticipate generating losses and therefore we may be unable to continue operations in the future...
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NEVADA PROCESSING SOLUTIONS Financials

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NEVADA PROCESSING SOLUTIONS Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Overview of Current Operations Nevada Processing Solutions, Inc. is a startup company that processes loan for mortgage companies. Results of Operations for the year ended June 30, 2009 We earned no revenues since our inception on May 30, 2006 through June 30, 2009. We do not anticipate earning any significant revenues until such time as we fully initiate our business operations. We are presently in the development stage of our business and we can provide no assurance that we will be successful in becoming a provider to the mortgage industry to process their loan applications. For the period of May 30, 2006 (inception) through June 30, 2009 we generated no income. Since our inception we experienced a net loss of $(724,991). The bulk of our net loss ($706,878) represents the accounting of the beneficial conversion feature of our preferred stock to common stock. Most of the actual general and administrative expenses ($18,113), since our inception, represented legal and audit fees. For the year ending June 30, 2009 we lost $8,350 as compared to a loss of $1,000 for the same period last year. We anticipate our operating expenses will increase as we build our operations. We anticipate our ongoing operating expenses will increase as we are now a reporting company under the Securities Exchange Act of 1934. Revenues We generated no revenues for the period from May 30, 2006 (inception) through June 30, 2009. We do not anticipate generating any revenues for at least 24 months. Liquidity and Capital Resources Our balance sheet as of June 30, 2009 reflects current assets of $3,500 and $475 in current liabilities. Notwithstanding, we anticipate generating losses and therefore we may be unable to continue operations in the future. We anticipate we will requ...
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NEVADA PROCESSING SOLUTIONS Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Information The Company may from time to time make written or oral "forward-looking statements" including statements contained in this report and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements of the Company's plans, objectives, expectations, estimates and intentions, which are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, in addition to others not listed, could cause the Company's actual results to differ materially from those expressed in forward looking statements: the strength of the domestic and local economies in which the Company conducts operations, the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact on the Company's suppliers and customers, changes in client needs and consumer spending habits, the impact of competition and technological change on the Company, the Company's ability to manage its growth effectively, including its ability to successfully integrate any business which it might acquire, and currency fluctuations. All forward- looking statements in this report are based upon information available to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Critical Accounting Policies Th...
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NEVADA PROCESSING SOLUTIONS Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Information The Company may from time to time make written or oral "forward-looking statements" including statements contained in this report and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements of the Company's plans, objectives, expectations, estimates and intentions, which are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, in addition to others not listed, could cause the Company's actual results to differ materially from those expressed in forward looking statements: the strength of the domestic and local economies in which the Company conducts operations, the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact on the Company's suppliers and customers, changes in client needs and consumer spending habits, the impact of competition and technological change on the Company, the Company's ability to manage its growth effectively, including its ability to successfully integrate any business which it might acquire, and currency fluctuations. All forward- looking statements in this report are based upon information available to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Critical Accounting Policies Th...
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