Company Quick10K Filing
Quick10K
Deseo Swimwear
10-Q 2019-06-30 Quarter: 2019-06-30
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
8-K 2018-08-03 Accountant, Exhibits
ECYT Endocyte 1,422
INTX Intersections 42
WCUI Wellness Center 19
SENR Strategic Environmental & Energy Resources 13
ODZA Odenza 0
LACP Lake Area Corn Processors 0
EMG Emergent Capital 0
AHFC American Honda Finance 0
SCY Scandium International Mining 0
GPRI Geo Point Resources 0
DESEO 2019-06-30
Part I-Financial Information
Note 1 - Nature of Operations and Summary of Significant Accounting Policies
Note 2 - Going Concern
Note 3 - Related Party Transactions
Note 4 - Equity
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 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Securities and Use of Proceeds.
Item 3. Defaults Upon Senior Securities.
Item 4. Mine Safety Disclosures.
Item 5. Other Information.
Item 6. Exhibits.
EX-31.1 deseo_ex311.htm
EX-32.1 deseo_ex321.htm

Deseo Swimwear Earnings 2019-06-30

DESEO 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

10-Q 1 deseo_10q.htm FORM 10-Q deseo_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, 2019

 

Commission File Number 333-210419

 

DESEO SWIMWEAR INC.

(Exact name of registrant as specified in it’s charter)

 

Nevada

47-3812711

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

1653 Chatsworth Blvd., San Diego, California 92107

(Address of principal executive offices)(Zip Code)

 

1-800-390-3013

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

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

 

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted 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 such files). ¨ Yes     x No

 

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

¨

Non-accelerated filer

¨

Accelerated filer

¨

Smaller reporting company

x

 

 

Emerging growth company

¨

 

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. ¨

 

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

 

As of August 13, 2019, there were 64,242,500 shares of common stock issued and outstanding. 

 

 
 
 
 

 

TABLE OF CONTENTS

 

PART I—FINANCIAL INFORMATION

 

 

 

 

 

 

 

 

Item 1.

Financial Statements.

 

 

F-1

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

 

3

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

 

 

4

 

Item 4.

Controls and Procedures.

 

 

4

 

 

 

 

 

PART II—OTHER INFORMATION

 

 

 

 

 

 

 

 

Item 1.

Legal Proceedings.

 

 

5

 

Item 1A.

Risk Factors.

 

 

5

 

Item 2.

Unregistered Sales of Securities and Use of Proceeds.

 

 

5

 

Item 3.

Defaults Upon Senior Securities.

 

 

5

 

Item 4.

Mine Safety Disclosures.

 

 

5

 

Item 5.

Other Information.

 

 

5

Item 6.

Exhibits.

 

 

6

 

 
2
 
Table of Contents

 

PART I—FINANCIAL INFORMATION

 

Deseo Swimwear Inc.

FINANCIAL STATEMENTS

TABLE OF CONTENTS

 

Balance Sheets – As of June 30, 2019 and December 31, 2018 (unaudited)

 

F-2

 

Statements of Operations – Three months and six months ended June 30, 2019 and 2018 (unaudited)

 

F-3

 

Statement of Changes in Stockholders’ Deficit – Three months and six months ended June 30, 2019 and 2018 (unaudited)

 

F-4

 

Statements of Cash Flows – Six months ended June 30, 2019 and 2018 (unaudited)

 

F-5

 

Notes to Financial Statements (unaudited)

 

F-6

 

 

 
F-1
 
Table of Contents

 

 DESEO SWIMWEAR INC.

BALANCE SHEETS

As of June 30, 2019 and December 31, 2018

(unaudited)

 

 

 

June 30,

2019

 

 

December 31,

2018

 

ASSETS

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

Cash

 

$1,711

 

 

$2,481

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$1,711

 

 

$2,481

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

Accounts payable

 

$14,079

 

 

$6,600

 

Due to related party

 

 

56,640

 

 

 

50,563

 

TOTAL LIABILITIES

 

 

70,719

 

 

 

57,163

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

Common stock, $0.001 par value, 75,000,000 shares authorized,

 

 

 

 

 

 

 

 

64,242,500 shares issued and outstanding

 

 

64,242

 

 

 

64,242

 

Additional paid-in capital (deficiency)

 

 

(45,887)

 

 

(45,887)

Accumulated deficit

 

 

(87,363)

 

 

(73,037)

 

 

 

 

 

 

 

 

 

TOTAL STOCKHOLDERS’ DEFICIT

 

 

(69,008)

 

 

(54,682)

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

$1,711

 

 

$2,481

 

 

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

 

 
F-2
 
Table of Contents

 

 DESEO SWIMWEAR INC.

STATEMENTS OF OPERATIONS

For the Three and Six Months ended June 30, 2019 and 2018

(unaudited)

 

 

 

Three months ended

June 30,

2019

 

 

Three months ended,

June 30,

2018

 

 

Six months ended

June 30,

2019

 

 

Six months ended

June 30,

2018

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

$9,426

 

 

$7,200

 

 

$14,326

 

 

$12,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL OPERATING EXPENSES

 

 

(9,426)

 

 

(7,200)

 

 

(14,326)

 

 

(12,751)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

 

$(9,426)

 

$(7,200)

 

$(14,326)

 

$(12,751)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED LOSS PER COMMON SHARE

 

$(0.00)

 

$(0.00)

 

$(0.00)

 

$(0.00)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED

 

 

64,242,500

 

 

 

64,242,500

 

 

 

64,242,500

 

 

 

64,242,500

 

 

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

 

 
F-3
 
Table of Contents

 

DESEO SWIMWEAR INC.

STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

Three and six Months Ended June 30, 2019 and 2018

(unaudited)

 

 

 

 

Common Stock

 

 

Additional

 

 

 

 

 

 

 

 

Number of

shares

 

 

Amount

 

 

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(73,037)

 

$(54,682)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss -

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(4,900)

 

 

(4,900)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2019

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(77,937)

 

$(59,582)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(9,426)

 

 

(9,426)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2019

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(87,363)

 

$(69,008)

  

 

 

 

Common Stock

 

 

Additional

 

 

 

 

 

 

 

 

Number of

shares

 

 

Amount

 

 

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2018

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(52,568)

 

$(34,213)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(5,551)

 

 

(5,551)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, March 31, 2018

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(58,119)

 

$(39,764)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(7,200)

 

 

(7,200)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2018

 

 

64,242,500

 

 

$64,242

 

 

$(45,887)

 

$(65,319)

 

$(46,964)

 

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

 

 
F-4
 
Table of Contents

 

DESEO SWIMWEAR INC.

STATEMENTS OF CASH FLOWS

For Six Months ended June 30, 2019 and 2018

(unaudited)

 

 

 

Six months ended

June 30, 2019

 

 

Six months ended

June 30, 2018

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

Net loss

 

$(14,326)

 

$(12,751)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

7,479

 

 

 

3,500

 

 

 

 

 

 

 

 

 

 

NET CASH USED IN OPERATING ACTIVITIES

 

 

(6,847)

 

 

(9,251)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

Advances from related party

 

 

6,077

 

 

 

9,251

 

 

 

 

 

 

 

 

 

 

NET CASH PROVIDED BY FINANCING ACTIVITIES

 

 

6,077

 

 

 

9,251

 

 

 

 

 

 

 

 

 

 

NET CHANGE IN CASH

 

 

(770)

 

 

-

 

 

 

 

 

 

 

 

 

 

CASH, BEGINNING OF PERIOD

 

 

2,481

 

 

 

2,481

 

 

 

 

 

 

 

 

 

 

CASH, END OF PERIOD

 

$1,711

 

 

$2,481

 

 

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

 

 
F-5
 
Table of Contents

 

DESEO SWIMWEAR INC.

NOTES TO THE FINANCIAL STATEMENTS

(unaudited)

 

NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

The Company

 

Deseo Swimwear Inc. (the “Company”) was incorporated in the State of Nevada on April 20, 2015 and established a fiscal year end of December 31. The Company is organized to design, manufacture and sell Dominican Republic inspired swimwear.

 

Basis of Presentation – Unaudited Financial Statements

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended December 31, 2018 included in the Company’s 10-K filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

 

Use of Estimates and Assumptions

 

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain 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 period. Accordingly, actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

 

Earnings (Loss) per Common Share

 

The basic earnings (loss) per common share is calculated by dividing the Company’s net income (loss) available to common shareholders by the weighted average number of common shares during the period. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of June 30, 2019, there were no common stock equivalents outstanding.

 

Income Taxes

 

The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

 

 
F-6
 
Table of Contents

 

DESEO SWIMWEAR INC.

 NOTES TO THE FINANCIAL STATEMENTS

(unaudited)

 

Stock-based Compensation

 

The Company estimates the fair value of each stock-based compensation award at the grant date by using Black-Scholes Option Pricing Model. The fair value determined represents the cost of the award and is recognized over the vesting period during which an employee is required to provide service in exchange for the award. As stock-based compensation expense is recognized based on awards ultimately expected to vest. Excess tax benefits, if any, are recognized as additional paid in capital.

 

Recent Accounting Standards

 

The Company does not expect the adoption of any recent accounting standards to have a material impact on its financial statements.

 

Subsequent Events

 

The Company has evaluated subsequent events through the date the financial statements were issued for disclosure purposes.

 

NOTE 2 – GOING CONCERN

 

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception. As of June 30, 2019, the Company has a working capital deficit of $69,008 and has reported an accumulated deficit of $87,363. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

 

NOTE 3 – RELATED PARTY TRANSACTIONS

 

During the six months ended June 30, 2019 and 2018, the Company’s CEO paid $6,077 and $9,251, respectively, of expenses on behalf of the Company. The total amount owing to the Company’s CEO was $56,640 as of June 30, 2019. The balance due is unsecured and non-interest-bearing with no set terms of repayment.

 

NOTE 4 – EQUITY

 

The Company has 75,000,000 common shares authorized with a par value of $0.001 per share.

 

 
F-7
 
Table of Contents

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

 

Results of Operations

 

June 30, 2019 totaled $9,426 resulting in a net loss of $9,426. The net loss for the three-month period ended June 30, 2019 is a result of general and administrative expense of $9,426, comprised primarily of transfer agent expenses of $300; professional fees of $7,845 comprised primarily of accounting fees; and filing fees $1,281. Expenses for the comparative three-month period ended June 30, 2018 is a result of general and administrative expenses totaling $7,200 resulting in a net loss of $7,200 comprised of $400 transfer agent expenses, professional fees of $5,800 comprised primarily of accounting fees; and filing fees of $1,000. The increase in expenses between June 30, 2019 and 2018 was primarily due to an increase in accounting fees and filing fees between the two comparative periods.

 

For the six-month periods ended June 30, 2019 and 2018, we had no revenue. Expenses for the six-month period ended June 30, 2019 totaled $14,326 resulting in a net loss of $14,326. The net loss for the six-month period ended June 30, 2019 is a result of general and administrative expense of $14,326, comprised primarily of transfer agent expenses of $600; professional fees of $12,445 comprised primarily of accounting fees; and filing fees of $1,281. Expenses for the comparative six-month period ended June 30, 2018 is a result of general and administrative expenses totaling $12,751 resulting in a net loss of $12,751 comprised of $750 transfer agent expenses; professional fees of $10,800 comprised primarily of accounting fees; filing fees of $1,000; and web-site expenses of $201. The increase in expenses between June 30, 2019 and 2018 was due primarily due to an increase in accounting fees and filing fees between the two comparative periods.

 

Capital Resources and Liquidity

 

No substantial revenues are anticipated until we have implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, we have no other source for funding the Company at this time. We must raise cash to implement our strategy and stay in business. Our auditors have expressed that there is substantial doubt as to our ability to continue as a going concern in their report for the fiscal year ended December 31, 2018. Management concurs with our auditors that there is substantial doubt as to our ability to continue as a going concern as of June 30, 2019.

 

As of June 30, 2019, we had $1,711 in cash as compared to $2,481 in cash at December 31, 2018. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain operations. As of June 30, 2019, the Company’s sole officer and director, Ms. Suzanne Cope, has loaned the Company $56,640 and she has indicated she is willing to make additional financial commitments if required to maintain the operations of the Company, in the form of a non-secured loan for the next twelve months if no other funds are obtained by the Company, but the total amount that she is willing to invest has not yet been determined and there is no contract or written agreement in place.

 

 
3
 
Table of Contents

 

Since our inception of April 20, 2015, we have started pre-launch operations, beginning with the design of our first line of swimwear under the brand name DS-Series. We have also initiated the design of our web-site and have launched the preliminary website during the period. We are still in the process of sourcing third-party manufacturers to produce our swimwear line.

 

Off-balance sheet arrangements

 

Other than the situation described in the section titled Capital Recourses and Liquidity, the Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

Item 4. Controls and Procedures.

 

Disclosure Controls and Procedures

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

 

As of the end of the period covered by this report (the “Evaluation Date”), the Company carried out an evaluation, under the supervision and with the participation of the Company's Principal Executive Officer and Principal Financial Officer (the “Certifying Officers”) of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in rules 13a-15(e) and 15d-15(e)) under the Exchange Act. Based on that evaluation, the Certifying Officers have concluded that, as of the Evaluation Date, the disclosure controls and procedures in place were not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported on a timely basis in accordance with applicable rules and regulations as a result of material weaknesses disclosed in our annual report on Form 10-K filed with the SEC on April 16, 2019

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended June 30, 2019 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

 

 
4
 
Table of Contents

 

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

Currently we are not involved in any pending litigation or legal proceeding.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

Item 2. Unregistered Sales of Securities and Use of Proceeds.

 

None

 

Item 3. Defaults Upon Senior Securities.

 

None

 

Item 4. Mine Safety Disclosures.

 

N/A

 

Item 5. Other Information.

 

None

 

 
5
 
Table of Contents

 

Item 6. Exhibits.

 

31.1

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer

31.2

Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *

32.1

Section 1350 Certification of Chief Executive Officer

32.2

Section 1350 Certification of Chief Financial Officer **

 

* Included in Exhibit 31.1

 

** Included in Exhibit 32.1

 

 
6
 
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.

 

 Deseo Swimwear Inc.

 

(Registrant)

 

     
Date: August 13, 2019By:/s/ Suzanne Cope

 

 

Suzanne Cope President and Director 
  Principal and Executive Officer 
  Principal Financial Officer 

 

 

Principal Accounting Officer

 

 

 
7