Company Quick10K Filing
C&C Tours
Price-0.00 EPS-0
Shares3 P/E0
MCap-0 P/FCF0
Net Debt-0 EBIT-0
TEV-0 TEV/EBIT0
TTM 2018-12-31, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-05
10-Q 2020-06-30 Filed 2020-09-14
10-Q 2020-03-31 Filed 2020-09-04
10-K 2019-12-31 Filed 2020-08-13
10-Q 2019-09-30 Filed 2020-06-25
10-Q 2019-06-30 Filed 2020-06-25
10-Q 2019-03-31 Filed 2020-06-24
10-K 2018-12-31 Filed 2019-03-20
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-03-30
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-03-30
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-29
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-17
10-Q 2014-09-30 Filed 2014-11-12
10-Q 2014-06-30 Filed 2014-08-05
10-Q 2014-03-31 Filed 2014-05-13
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-04
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-03
10-K 2012-12-31 Filed 2013-03-28
8-K 2018-01-23

CCT 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Note 1 - Condensed Financial Statements
Note 2 - Going Concern
Note 3 - Summary of Significant Accounting Policies
Note 4 - Loans Payable
Note 5 - Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 6. Exhibits
Part I Exhibits
Part II Exhibits
EX-31.1 cct_ex311.htm
EX-31.2 cct_ex312.htm
EX-32.1 cct_ex321.htm

C&C Tours Earnings 2017-06-30

Balance SheetIncome StatementCash Flow
5630-36629-78888-121147-163406-2056652012201420172020
Assets, Equity
-4698.0-5804.4-6910.8-8017.2-9123.6-10230.02013201520172019
Rev, G Profit, Net Income
1000063622724-914-4552-81902012201420172020
Ops, Inv, Fin

10-Q 1 cct_10q.htm FORM 10-Q cct_10q.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

x

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the quarterly period ended June 30, 2017

 

 

¨

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the transition period from ___ to ___

 

Commission file number: 000-54847

 

C & C TOURS, INC.

(Exact name of registrant as specified in its charter)

 

Wyoming

 

87-0463118

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

 

 

2157 S. Lincoln Street, Salt Lake City, Utah

 

84106

(Address of principal executive offices)

 

(Zip code)

 

(801) 323-2395

(Registrant’s telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 o

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o The registrant does not have a Web site.

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

¨

Accelerated filer

¨

Non-accelerated filer

¨

Smaller reporting company

x

Emerging growth company

x

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No o

 

The number of shares outstanding of the registrant’s common stock as of August 4, 2017 was 2,937,000.

 

 
 
 
 

TABLE OF CONTENTS

 

 

 
2
 
 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

C & C TOURS, INC.

 

Condensed Financial Statements

 

June 30, 2017

 

(Unaudited)

 

 
3
 
Table of Contents

 

C & C TOURS, INC.

Condensed Balance Sheets

(Unaudited)

 

 

 

JUNE 30,

2017

 

 

DEC 31,

2016

 

ASSETS

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

Cash

 

$ 364

 

 

$ 1,864

 

Total current assets

 

 

364

 

 

 

1,864

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$ 364

 

 

$ 1,864

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

Accounts payable

 

$ 48,500

 

 

$ 44,900

 

Loans payable - current

 

 

92,740

 

 

 

89,240

 

Accrued interest

 

 

29,814

 

 

 

26,187

 

Total current liabilities

 

 

171,054

 

 

 

160,327

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

171,054

 

 

 

160,327

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

Common stock, 20,000,000 shares authorized at $.001 par value, 2,937,000 shares issued and outstanding at June 30, 2017 and December 31, 2016

 

 

2,937

 

 

 

2,937

 

Additional paid-in capital

 

 

34,970

 

 

 

34,970

 

Accumulated deficit

 

 

(208,597 )

 

 

(196,370 )

Total stockholders' equity (deficit)

 

 

(170,690 )

 

 

(158,463 )

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 

$ 364

 

 

$ 1,864

 

 

The accompanying notes are an integral part of these financial statements.

 

 
4
 
Table of Contents

 

C & C TOURS, INC.

Condensed Statements of Operations

(Unaudited)

 

 

 

FOR THE

THREE MONTHS

ENDED

JUNE 30,

2017

 

 

FOR THE

THREE MONTHS ENDED

JUNE 30,

2016

 

 

FOR THE

SIX MONTHS

ENDED

JUNE 30,

2017

 

 

FOR THE

SIX MONTHS ENDED

JUNE 30,

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$ --

 

 

$ --

 

 

$ --

 

 

$ --

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

3,000

 

 

 

3,100

 

 

 

8,600

 

 

 

8,700

 

Total expenses

 

 

3,000

 

 

 

3,100

 

 

 

8,600

 

 

 

8,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating loss before other expense

 

 

(3,000 )

 

 

(3,100 )

 

 

(8,600 )

 

 

(8,700 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), non-operating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

(1,845 )

 

 

(1,682 )

 

 

(3,627 )

 

 

(3,284 )

Total other income (expense)

 

 

(1,845 )

 

 

(1,682 )

 

 

(3,627 )

 

 

(3,284 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations before income taxes

 

 

(4,845 )

 

 

(4,782 )

 

 

(12,227 )

 

 

(11,984 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

--

 

 

 

--

 

 

 

--

 

 

 

--

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$ (4,845 )

 

$ (4,782 )

 

$ (12,227 )

 

$ (11,984 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share

 

$ (0.00 )

 

$ (0.00 )

 

$ (0.00 )

 

$ (0.00 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

2,937,000

 

 

 

2,937,000

 

 

 

2,937,000

 

 

 

2,937,000

 

 

The accompanying notes are an integral part of these financial statements.

 

 
5
 
Table of Contents

 

C & C TOURS, INC.

Condensed Statements of Cash Flows

(Unaudited)

 

 

 

FOR THE

SIX MONTHS ENDED

JUNE 30,

2017

 

 

FOR THE

SIX MONTHS ENDED

JUNE 30,

2016

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities

 

 

 

 

 

 

Net loss

 

$ (12,227 )

 

$ (11,984 )

Adjustments to reconcile net loss to net cash provided (used) by operating activities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

3,600

 

 

 

4,200

 

Accrued interest

 

 

3,627

 

 

 

3,284

 

Net cash used by operating activities

 

 

(5,000 )

 

 

(4,500 )

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

Net cash provided (used) by investing activities

 

 

--

 

 

 

--

 

 

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities

 

 

 

 

 

 

 

 

Proceeds from loans payable

 

 

3,500

 

 

 

4,000

 

Net cash provided (used) by financing activities

 

 

3,500

 

 

 

4,000

 

 

 

 

 

 

 

 

 

 

Net Increase (Decrease) in Cash

 

 

(1,500 )

 

 

(500 )

 

 

 

 

 

 

 

 

 

Cash at Beginning of Period

 

 

1,864

 

 

 

864

 

 

 

 

 

 

 

 

 

 

Cash at End of Period

 

$ 364

 

 

$ 364

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

 

 

 

 

Cash paid for interest

 

$ --

 

 

$ --

 

Cash paid for income taxes

 

$ --

 

 

$ --

 

 

The accompanying notes are an integral part of these financial statements

 

 
6
 
Table of Contents

 

C&C Tours, Inc.

Notes to the Condensed Financial Statements

June 30, 2017

(Unaudited)

 

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

 

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the period ended June 30, 2017 and for all periods presented have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2016 audited financial statements as reported in its Form 10-K. The results of operations for the six month period ended June 30, 2017 are not necessarily indicative of the operating results for the full year ended December 31, 2017.

 

NOTE 2 – GOING CONCERN

 

The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The Company has realized net losses since reactivation on June 1, 1991 totaling $208,597. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The Company is currently in the development stage and has not realized significant sales through June 30, 2017. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and even if planned principal operations have commenced, revenues are insignificant.

 

 
7
 
Table of Contents

 

C&C Tours, Inc.

Notes to the Condensed Financial Statements

June 30, 2017

(Unaudited)

 

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – continued

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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.

 

NOTE 4 - LOANS PAYABLE

 

Loans payable consist of legal and accounting fees, and out-of-pocket costs incurred through a third party. These payables are non-collateralized, bear interest at 8%, and are due on demand. As such, these loans are classified as current on the Company’s Balance Sheet. Interest expense for the six months ended June 30, 2017 and 2016 totaled $3,627 and $3,284, respectively. No payments on principal or interest have been made to date.

 

NOTE 5 – SUBSEQUENT EVENTS

 

The Company’s management reviewed all material events through the date of this filing and has determined that there are no material subsequent events to report.

 

 
8
 
Table of Contents

 

FORWARD-LOOKING STATEMENTS

 

The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. This report contains these types of statements. Words such as “may,” “intend,” “expect,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

 

In this report references to “C & C Tours,” “the Company,” “we,” “us,” and “our” refer to C & C Tours, Inc.

 

 
9
 
Table of Contents

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Executive Overview

 

We have not recorded revenues from operations to date. We have not established an ongoing source of revenues sufficient to cover our operating costs. These conditions raise substantial doubt about our ability to continue as a going concern. We are currently devoting our efforts to obtain capital from management, significant stockholders or third parties to cover operating expenses; however, there is no assurance that additional funding will be available. Our ability to continue as a going concern during the long term is dependent upon our ability to find a suitable company and acquire or enter into a merger with such company.

 

The type of business opportunity with which we acquire or merge will affect our profitability for long term. We may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur through a public offering.

 

Our management has not had any contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

 

We anticipate that the Company will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

 

We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

 

 
10
 
Table of Contents

 

Liquidity and Capital Resources

 

We have not recorded revenues from operations since inception and we have relied primarily upon other parties to provide loans and pay for operating expenses. At June 30, 2017 cash decreased to $364 compared to $1,864 at December 31, 2016. Our total liabilities increased to $171,054 at June 30, 2017 compared to $160,327 for the year ended December 31, 2016. The increase in liabilities primarily represents proceeds from loans, advances and services provided by third parties and accrued interest.

 

We intend to obtain capital from management, significant stockholders and third parties to cover minimal operations; however, there is no assurance that additional funding will be available. Our ability to continue as a going concern during the long term is dependent upon our ability to find a suitable business opportunity and acquire or enter into a merger with such company. The type of business opportunity with which we acquire or merge will affect our profitability for the long term.

 

During the next 12 months we anticipate incurring additional costs related to the filing of Exchange Act reports. We believe we will be able to meet these costs through advances and loans provided by management, significant stockholders or third parties. We may also rely on the issuance of our common stock in lieu of cash to convert debt or pay for expenses.

 

Results of Operations

 

We have not recorded revenues during 2017 and 2016. General and administrative expense was $8,600 for the 2017 six month period ended June 30, 2017 (“2017 six month period”) compared to $8,700 for the 2016 six month period ended June 30, 2016 (“2016 six month period”). General and administrative expense was $3,000 for the 2017 three month period ended June 30, 2017 (“2017 second quarter”) compared to $3,100 for the 2016 three month period ended June 30, 2016 (“2016 second quarter”).

 

Total other expense increased to $3,627 for the 2017 six month period compared to $3,284 for the 2016 six month period. Total other expense increased to $1,845 for the 2017 second quarter compared to $1,682 for the 2016 second quarter. Total other expense represents interest expense on notes payable.

 

Our net loss increased to $12,227 for the 2017 six month period compared to $11,984 for the 2016 six month period. Our net loss increased to $4,845 for the 2017 second quarter compared to $4,782 for the 2016 second quarter. Management expects net losses to continue until we acquire or merge with a business opportunity.

 

Commitments and Obligations

 

At June 30, 2017 we recorded loans payable totaling $92,740 representing services received, as well as cash advances received from third parties. All of the loans payable are non-collateralized, carry interest at 8% and are due on demand. Accrued interest related to these loans payable totaled $3,627 at June 30, 2017. No payments on principal or interest have been made to date.

 

A third party consultant has provided professional services, paid for legal, accounting and administrative services on our behalf and/or provided advances to cover our operating costs. These contributions, totaling $48,500 at June 30, 2017, are not formally documented and we have recognized them as non-collateralized notes payable, that are payable on demand and carrying interest of 8%. No payments on principal or interest have been made to date.

 

 
11
 
Table of Contents

 

Off-Balance Sheet Arrangements

 

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

 

Critical Accounting Policies

 

We qualify as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, among other things, we will not be required to:

 

 

· Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

 

 

 

 

· Submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency”

 

 

 

 

· Obtain shareholder approval of any golden parachute payments not previously approved; and

 

 

 

 

· Disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executives compensation to median employee compensation.

 

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

 

We will remain an “emerging growth company” for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion; (ii) the date that we become a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed first fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three-year period.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

Not applicable to smaller reporting companies.

 

 
12
 
Table of Contents

 

ITEM 4. CONTROLS AND PROCEDURES

 

Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC. This information is accumulated to allow our management to make timely decisions regarding required disclosure. Our President, who serves as our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report and he determined that our disclosure controls and procedures were ineffective due to a control deficiency. During the period we did not have additional personnel to allow segregation of duties to ensure the completeness or accuracy of our information. Due to the size and operations of the Company we are unable to remediate this deficiency until we acquire or merge with another company.

 

Changes to Internal Control over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Management conducted an evaluation of our internal control over financial reporting and determined that there were no changes made in our internal control over financial reporting during the quarter ended June 30, 2017 that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

 

 
13
 
Table of Contents

 

PART II – OTHER INFORMATION

 

ITEM 6. EXHIBITS

 

Part I Exhibits

 

No.

 

Description

 

 

 

31.1

 

Principal Executive Officer Certification

31.2

 

Principal Financial Officer Certification

32.1

 

Section 1350 Certification

 

Part II Exhibits

 

No.

 

Description

 

 

 

3(i).1

 

Articles of Incorporation of C & C Tours, dated February 2, 1989 (Incorporated by reference to exhibit 3(i).1 to Form 10, filed November 8, 2012)

3(i).2

 

Articles of Continuance of C & C Tours, dated June 12, 2012 (Incorporated by reference to exhibit 3(i).2 to Form 10, filed November 8, 2012)

3(ii)

 

Bylaws of C & C Tours, dated May 20, 2012 (Incorporated by reference to exhibit 3(ii) to Form 10, filed November 8, 2012)

101.INS**

 

XBRL Instance Document

101.SCH**

 

XBRL Taxonomy Extension Schema Document

101.CAL**

 

XBRL Taxonomy Calculation Linkbase Document

101.DEF**

 

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB**

 

XBRL Taxonomy Label Linkbase Document

101.PRE**

 

XBRL Taxonomy Presentation Linkbase Document

___________

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 

 
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Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

  C & C TOURS, INC.
       
Date: August 10, 2017 By: /s/ Brett D. Taylor

 

 

Brett D. Taylor

 
   

President and Director

 
   

Principal Financial Officer

 

 

 

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