FAMILY ROOM ENTERTAINMENT Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
FAMILY ROOM ENTERTAINMENT CORPORATION
22600-C Lambert Street
Suite 902
Lake Forest, CA 92630 949-689-061
Website:https://fmlyroom.com/ Email:markcheung@fmlyroom.com
SIC Code: 5251
Quarterly Report
For the Period Ending: December 31, 2021
(the "Reporting Period")
As of December 31, 2021, the number of shares outstanding of our Stock was:
Common: 71,962,493 Preferred: 1,621,625
As of June 30, 2021 (Prior Fiscal year-end), the number of shares outstanding of our Stock was:
Common: 71,962,493
Preferred: 1,621,625
As of June 30, 2020 (prior Fiscal year-end), the number of shares outstanding of our Stock was:Common: 71,962,493
Preferred: 1,621,625
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes:
No:Indicate by check mark whether the company's shell status has changed since the previous reporting period:Yes:
No:Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:Yes:
No:
1 "Change in Control" shall mean any events resulting in:
(i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
1)Name and address of the issuer and its predecessors (if any)
In answering this item, please also provide any names used by predecessor entities and the dates of the name changes.
Family Room Entertainment Corporation: since 5-22-2000
Cobb Resources Corporation: Since 5-15-1969
Date and state (or jurisdiction) of incorporation (also describe any changes to incorporation since inception, if applicable) Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
New Mexico Corporation originally organized and incorporated: 5-15-1969
Current standing: Active
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors:
None
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
Acquired Safestarr Inc. in October 2018, a California corporation.
Address of the issuer's principal executive office and place of business:
Check box if principal executive office and place of business are the same location:
22600-C Lambert Street
Suite 902
Lake Forest, CA 92630
Has the issuer or any of its predecessors ever been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes:
No:
2)Security Information
Trading symbol: | FMYR |
Exact title and class of securities outstanding: | Common |
CUSIP: | 30705R 20 4 |
Par or stated value: | $0.001 |
Total shares authorized: | 2,000,000,000 |
Total shares outstanding: | 71,962,493 |
Number of shares in the Public Float2: | 6,679,671 |
Total number of shareholders of record: | 1,017 |
as of date: December 31, 2021
as of date: December 31, 2021
as of date: December 31, 2021
as of date: December 31, 2021
2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
Trading symbol: | n/a | |
Exact title and class of securities outstanding: | Preferred | |
CUSIP: | n/a | |
Par or stated value: | $0.001 | |
Total shares authorized: | 5,000,000 | as of date: December 31, 2021 |
Total shares outstanding: | 1,621,625 | as of date: December 31, 2021 |
All additional class(es) of publicly traded securities (if any):
None
Transfer Agent
Name:Signature Stock Transfer, Inc.
Email:
14673 Midway Road, Suite 220, Addison, Texas 75001 Tel: 972-612-4120signaturestocktransfer@msn.com
Is the Transfer Agent registered under the Exchange Act?3 Yes:No:
3)Issuance History
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods:
3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
Shares outstanding as of Second Most Recent Fiscal Year end | Opening Balance: | ||||||||
6/30/2018 | Common: 43,072,234 | ||||||||
Preferred: 3,535,581 | |||||||||
Date of | Transaction type (e.g. new issuance, cancellation, shares returned to treasury) | Number of Shares Issued (or cancelled) | Class of Securities | Value of shares issued ($/per share) at Issuance | Were the shares issued at a discount to market | Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed). | Reason for share issuance (e.g. for cash or debt conversion) OR Nature of Services Provided (if applicable) | Restricted or Unre stricte d as of this filing? | Exemption or Re gistration Type ? |
Transaction | |||||||||
Common Stock | |||||||||
7/1/2018 | New issuance | 2,072,650 | Common | 0.0200 | no | Charlie Abujudeh | Debt conversion | Restricted | Exempt |
8/31/2018 | Cancellation | (10,000,000) | Common | 0.0200 | no | James Haas - Cancellation | Consulting fees | Restricted | Exempt |
8/31/2018 | Cancellation | (10,000,000) | Common | 0.0200 | no | Owen Naccarato - Cancellation | Consulting fees | Restricted | Exempt |
8/31/2018 | Cancellation | (5,000,000) | Common | 0.0200 | no | Maqsood Rehman - Cancellation | Consulting fees | Restricted | Exempt |
8/31/2018 | Cancellation | (1,500,000) | Common | 0.0200 | no | Justin Wall - Cancellation | Consulting fees | Restricted | Exempt |
8/31/2018 | Cancellation | (291,667) | Common | 0.0200 | no | Qin Media Limited - Justin Wall | Consulting fees | Restricted | Exempt |
9/4/2018 | New issuance | 30,000,000 | Common | 0.0200 | no | Mark Cheung | Consulting fees | Restricted | Exempt |
9/14/2018 | New issuance | 159,295 | Common | 0.0100 | no | Longview Fund L.P. - Michael Rudolph | Convert Preferred Shares | Restricted | Exempt |
11/1/2018 | New issuance | 25,000,000 | Common | 0.0200 | no | Jason DeSalvatore | Acquisition - Safestarr | Restricted | Exempt |
12/12/2018 | Cancellation | (6,000,000) | Common | 0.0620 | no | Greengro Technologies, Inc. - James Haas | Cancel Weed Wall acquisition | Restricted | Exempt |
Balance 6/30/2019 | 67,512,512 | ||||||||
7/8/2019 | Debt Conversion | 2,600,581 | Common | 0.0200 | no | Intermarket Associates, LLC - Charlie Abujudeh | Convertible Debt Coversion | Restricted | Exempt |
7/8/2019 | Debt Conversion | 1,849,400 | Common | 0.0200 | no | Intermarket Associates, LLC - Charlie Abujudeh | Convertible Debt Coversion | Restricted | Exempt |
Balance 6/30/2021 | 71,962,493 | ||||||||
New Issuance | 0 | ||||||||
Balance 9-30-2021 | 71,962,493 | ||||||||
New Issuance | 0 | ||||||||
Balance 12-31-2021 | 71,962,493 | ||||||||
Preferred Stock | |||||||||
6/5/2018 | Conversion | (366,081) | Preferred | no market | no | Greg Terkovich | Debt | n/a | Exempt |
9/14/2018 | Conversion | (1,647,875) | Preferred | no market | no | Longview Fund L.P - Michael. Rudolph | Debt | n/a | Exempt |
Series A | 1,521,625 | ||||||||
10/1/2018 | New issuance | 50,000 | Preferred | no market | no | Mark Cheung | Acquistion | n/a | Exempt |
10/1/2018 | New issuance | 50,000 | Preferred | no market | no | Jason Salvatore | Acquistion | n/a | Exempt |
Series B | 100,000 | ||||||||
Balance 6/30/2021 | 1,621,625 | ||||||||
New issuance | 0 | ||||||||
Balance 9/31/2021 | 1,621,625 | ||||||||
New Issuance | 0 | ||||||||
Balance 12/31/2021 | 1,621,625 | ||||||||
Share Outstanding on Date of this Report | |||||||||
Ending Balance | |||||||||
Ending Balance | |||||||||
Date: | December 31, 2021 | common: | 71,962,493 | ||||||
Preferred: | 1,621,625 |
B. Debt Securities, Including Promissory and Convertible Notes
Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements:
Date of Note Issuance | Outstanding Balance ($) | Principal Amount at Issuance ($) | Interest Accrued ($) | Maturity Date | Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares) | Name of Noteholder | Reason for Issuance (e.g. Loan, Services, etc.) | Interest Rate |
Convertible Notes | ||||||||
7/12/2017 | $ 52,221 | $ 37,582 | $ 14,639 | 7/12/2018 | par value | Charlie Abujudeh | Assignment | 4% |
5/2/2017 | $ 1,897 | 1,547.00 | $ 350 | 5/2/2018 | oar value | Charlie Abujudeh | Assignment | 4% |
3/16/2018 | $ 37,109 | 31,142.00 | $ 5,967 | 3/16/2019 | par value | Abraham Abu | Assignment | 4% |
7/6/2015 | $ 11,705 | 9,008.00 | $ 2,697 | 7/5/2016 | par value | Abraham Abu | Assignment | 4% |
6/25/2011 | $ 256,494 | 118,482.00 | $ 138,012 | 6/24/2012 | $30.00 per share | Charlie Abujudeh | Assignment | 6% |
357,429.37 | 197,761.00 | |||||||
Notes Payable | ||||||||
- | ||||||||
9/5/2018 | 245,266.00 | 245,266.00 | - | on demand | Charlie Abujudeh | Loan | 0% | |
9/5/2018 | 28,830.00 | 28,830.00 | - | on demand | Owen Naccarato | Loan | 0% | |
274,096.00 | ||||||||
Total December 31, 2021 | $ 471,857 | $ 161,666 |
4)Financial Statements
A.
The following financial statements were prepared in accordance with:
U.S. GAAP
IFRS
B. The financial statements for this reporting period were prepared by (name of individual)4:
Name: | Michael Berg |
Title: | n/a |
Relationship to Issuer: | Consultant |
Financial Statements are incorporated by this reference.
4 The financial statements requested pursuant to this item must be prepared in accordance with US GAAP or IFRS by persons with sufficient financial skills.
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Family Room Entertainment Corporation published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 18:34:03 UTC.
