UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the Quarter ended ~~December~~March 31, ~~2010~~2011

Commission File Number: 333-153888

ASIA DOCUMENT TRANSITION, INC. ~~(Exact name of registrant as specified in its charter)~~

(Exact name of registrant as specified in its charter)

Nevada		20-4889194
(State of organization)		(I.R.S. Employer Identification No.)

15D, Eton Building ~~288 Des Voeux Road Central, Hong Kong (Address of principal executive offices)~~

~~011/852-2545-9133~~288 ~~Registrant’s~~Des ~~telephone~~Voeux ~~number, including area code~~Road

Central, Hong Kong

(Address of principal executive offices)

011/852-2545-9133

Registrant’s telephone number, including area code

Former address if changed since last report

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months 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 and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files); Yes ¨o No ¨ o.

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

Large Accelerated Filer ¨o Accelerated Filer ¨o Non-Accelerated Filer ¨o (Do not check if a smaller reporting company) Smaller Reporting Company þ

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

Securities registered under Section 12(g) of the Exchange Act:

Common Stock $.001 par value

There were 25,000,000 shares of common stock outstanding as of ~~January~~April 3130, 2011.

TABLE OF CONTENTS

_________________

PART I - FINANCIAL INFORMATION

ITEM 1.	INTERIM FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION	11
ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	14
ITEM 4.	CONTROLS AND PROCEDURES	14

PART II - OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS	15
ITEM 1A	RISK FACTORS	15
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES	15
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	15
ITEM 4.	(REMOVED AND RESERVED)	15
ITEM 5.	OTHER INFORMATION	15
ITEM 6.	EXHIBITS	15
		15
SIGNATURES		16

PART I - FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION	12
ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	16
ITEM 4.	CONTROLS AND PROCEDURES	16
PART II - OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	17
ITEM 1A	RISK FACTORS	17
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	17
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	17
ITEM 4.	(REMOVED AND RESERVED)	17
ITEM 5.	OTHER INFORMATION	17
ITEM 6.	EXHIBITS	17
SIGNATURES		18

PART I FINANCIAL INFORMATION

Item 1—Financial Statements

ASIA DOCUMENT TRANSITION, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(A Development Stage Company)

	As of December 31, 2010			As of June 30, 2010
	As of March 31, 2011			As of June 30, 2010
	(Unaudited)			(audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	1,~~617~~576		$	4,036
Prepaid expenses		~~2,076~~-			-
Total Current Assets		31,~~693~~576			4,036
PROPERTY AND EQUIPMENT, net		1,~~960~~627			2,~~624~~625
OTHER ASSETS
Deposits		6,396			6,396
TOTAL ASSETS		129,~~049~~599			13,~~056~~057
LIABILITIES AND STOCKHOLDERS' DEFICIT
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	24,~~500~~507		$	-
Other payable		-			256
Related party notes payables		~~160~~165,~~595~~969			146,~~756~~757
Total Current Liabilities		~~163~~170,~~095~~476			147,013
NON-CURRENT LIABILITIES		-			-
TOTAL LIABILITIES		~~163~~170,~~095~~476			~~116~~147,~~181~~013
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.001 par value, 100,000,000 shares authorized, 25,000,000 shares issued and outstanding		25,000			25,000
Additional paid-in capital		2,007			-
Deficit accumulated during the development stage		(185,877	)		(158,956	)
Deficit accumulated during the development stage		(178,053	)		(158,957	)
Total Stockholders' Equity (Deficit)		(160,877	)		(133,956	)
Total Stockholders' Deficit		(151,046	)		(133,957	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUIT (DEFICIT)	$	9,599		$	13,057
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	12,049		$	13,056

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

ASIA DOCUMENT TRANSITION, INC.

~~UNAUDITED~~ CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(A Development Stage Company)

													From Inception April 13, 3006 to
	Three months ended December 31,						Six months ended December 31,						December 31, 2010
	2010			2009			2010			2009			(Cumulative)
SALES	$	2,372		$	2,372		$	4,744		$	4,744		$	64,081
COST OF SALES		—			—			—			—			(500	)
Gross Profit:	$	2,372		$	2,372		$	4,744		$	4,744		$	63,581
EXPENSES
Depreciation expenses	$	333		$	333		$	666		$	666		$	11,662
Selling, general and administrative expenses		10,217			18,466			21,168			25,953			195,326
Total Expenses		10,550			18,799			21,834			26,619			206,988
LOSS FROM OPERATIONS		(8,178	)		(16,427	)		(17,090	)		(21,875	)		(143,407	)
OTHER INCOME (EXPENSES)
Interest expense		(2,007	)		—			(2,007	)		—			( 2,007	)
Loss on disposal of property and equipment		—			—			—			—			(7,640	)
Write-off of goodwill		—			—			—			—			(25,000	)
Provision for income taxes		—			—			—			—			—
Net Loss	$	(10,185	)	$	(16,427	)	$	(19,097	)	$	(21,875	)		(178,054	)
PER SHARE DATA:
Basic loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Common Shares Outstanding		25,000,000			25,000,000			25,000,000			25,000,000

(unaudited)

													From Inception April 13, 2006 to
	Three months ended March 31,						Nine months ended March 31,						March 31, 2011
	2011			2010			2011			2010			(Cumulative)

SALES	$	1,795		$	2,372		$	6,539		$	7,116		$	65,876

COST OF SALES		—			—			—			—			(500	)
Gross Profit:	$	1,795		$	2,372		$	6,539		$	7,116		$	65,376

EXPENSES
Depreciation expenses	$	332		$	332		$	998		$	997		$	11,993
Selling, general and administrative expenses		9,287			6,772			30,455			23,726			204,614
Total Expenses		9,619			7,104			31,453			33,723			216,607

LOSS FROM OPERATIONS		(7,824	)		(4,732	)		(24,914	)		(26,607	)		(151,231	)

OTHER INCOME (EXPENSES)

Interest expense		—			—			(2,007	)		—			(2,006	)
Loss on disposal of property and equipment		—			—			—			—			(7,640	)
Write-off of goodwill		—			—			—			—			(25,000	)
Provision for income taxes		—			—			—			—			—

Net Loss	$	(7,824	)	$	(4,732	)	$	(26,921	)	$	(26,607	)		(185,877	)

PER SHARE DATA:

Basic loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted Average Common Shares Outstanding		25,000,000			25,000,000			25,000,000			25,000,000

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

ASIA DOCUMENT TRANSITION, INC.

~~UNAUDITED~~ CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS

(A Development Stage Company)

	For the six-month period ended						April 13, 2006 (inception) to
	December 31, 2010			December 31, 2009			December 31, 2010
CASH FLOW FROM OPERATING ACTIVITIES
Net Loss	$	(19,097	)	$	(21,875	)	$	(178,054	)
Interest accrued on related party notes payable		2,007			-			2,007
Loss on disposal of property and equipment		-			-			7,640
Depreciation Expense		666			666			11,662
Write-off of goodwill		-			-			25,000
Increase in Pre-payment and deposit		(2,076	)		1,975			(14,923	)
Increase in Accrued Expenses		2,500			-			2,500
Decrease in other payables		(256	)		-			-
Net Cash provided by (used in) Operating Activities	$	(16,256	)	$	(19,235	)	$	(144,168	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		-			-			(48,144	)
Disposal of property and equipment		-			-			33,333
Net Cash provided by (used in) Investing activities	$	-		$	-		$	(14,811	)
CASH FLOWS FROM FINANCING ACTIVITIES
Loans from (repayment to) related parties		13,837			20,142			160,596
Net Cash provided by (used in) Financing Activities	$	13,837		$	20,142		$	160,596
NET INCREASE (DECREASE) IN CASH		(2,419	)		907			1,617
Cash beginning of period		4,036			1,673			-
Cash end of period	$	1,617		$	2,580		$	1,617

(unaudited)

	For the 9-month period ended						April 13, 2006 (inception) to
	March 31, 2011			March 31, 2010			March 31, 2011

CASH FLOW FROM OPERATING ACTIVITIES
Net Loss	$	(26,921	)	$	(26,607	)	$	(185,877	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Decrease (increase) in account receivables		-			-			-
Loss on disposal of property and equipment		-			-			7,640
Depreciation Expense		998			998			11,993
Write-off of goodwill		-			-			25,000
Increase in Pre-payment and deposit		-			1,973			(12,845	)
Decrease in other payables		4,251			(256	)		4,507
Net Cash used in Operating Activities	$	(21,672	)	$	(23,892	)	$	(149,582	)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment		-			-			(48,144	)
Disposal of property and equipment		-			-			33,334

Net Cash used in Investing activities	$	-		$	-		$	(14,810	)

CASH FLOWS FROM FINANCING ACTIVITIES
Loans from (repayment to) related parties		19,212			24,771			165,968
Net Cash provided by Financing Activities	$	19,212		$	24,771		$	165,968

NET INCREASE (DECREASE) IN CASH		(2,460	)		879			1,576

Cash beginning of period		4,036			1,673			-
Cash end of period	$	1,576		$	2,552		$	1,576

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

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Asia Document Transition, Inc. (the “Company”) was incorporated in the State of Nevada on April 13, 2006. The Company is in the business of (a) providing services consisting of converting documents from word processing format to HTML in order that they may be filed with the U.S. Securities and Exchange Commission ("SEC") electronically through EDGAR, the SEC's Electronic Data Gathering, Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within Hong Kong . The Company has been in the development stage since formation on April 13, 2006 and has only generated minimal revenue to ~~date. On~~ April 26, 2006, the Company acquired all of the issued and outstanding shares of Vast Opportunity Limited, (VOL) a Hong Kong incorporated limited company, through the issuance of 24,500,000 common shares to the shareholders of VOL. VOL has been since its inception, a corporation with minimal operations. As of the date ~~of the acquisition, V OL had assets of $374 and total liabilities of $1,302~~. ~~The acquisition resulted in the shareholders of VOL becoming the controlling shareholders of the Company, accordingly the transaction was recorded as a recapitalization of VOL.~~

~~Notes~~On ~~to the~~April ~~financial~~26, ~~statements~~2006, ~~that~~the ~~would~~Company ~~substantially~~acquired ~~duplicate~~all of the ~~disclosure contained~~issued inand ~~the~~outstanding ~~audited~~shares ~~financial~~of ~~statements~~Vast ~~for~~Opportunity ~~the~~Limited, ~~most~~(VOL) ~~recent~~a ~~fiscal~~Hong ~~year ended~~Kong ~~June~~incorporated 30limited company, ~~2010~~through the issuance of 24,500,000 ascommon ~~reported~~shares to the ~~Company’s~~shareholders ~~Annual~~of ~~Report~~VOL. onVOL ~~Form 10-K for~~has been since its inception, a corporation with minimal operations. As of the ~~year~~date ~~ended~~of ~~June~~the 30acquisition, ~~2010~~VOL had assets of $374 and total liabilities of $1,302. The ~~have~~acquisition ~~been~~resulted ~~omitted~~in the shareholders of VOL becoming the controlling shareholders of the Company, accordingly the transaction was recorded as a recapitalization of VOL.

Basis of Presentation

The accompanying financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X, and, therefore, do include all information and footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.

These financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Form 10-K filed on September 22, 2010. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosure contained in the audited financial statements for fiscal year 2010 as reported in Form 10-K, have been omitted.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Basis of Accounting

The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a June 30 fiscal year-end. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary VOL. All material intercompany balances have been eliminated.

B. Revenue Recognition

Revenues from document formatting and virtual office services are recognized at the time the services have been provided to the customer.

C. Basic Earnings (Loss) Per Share

Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

B. Revenue Recognition

Revenues from document formatting and virtual office services are recognized at the time the services have been provided to the customer.

C. Basic Earnings (Loss) Per Share

D. Cash and Cash Equivalents

For purpose of reporting the statement of flows, cash and cash equivalents include highly liquid investments with investments with maturities of three months or less at the time of purchase.

E. Property and Equipment

The value of fixed assets is at historical cost as required by generally accepted accounting principles. Depreciation is calculated on a straight-line over the 5 year expected useful life of the asset as follows:

Fixed assets at ~~December~~March 31, ~~2010~~2011 are comprised as follows:

Office and computer equipment	$	44,140
Furniture and Fixtures		1,397
Leasehold improvement		2,716
Accumulated Depreciation		(46,~~293~~626	)
Net Property and Equipment	$	1,~~960~~627

Depreciation of $~~333~~332 had been accounted for during the quarter ended ~~December~~March 31, ~~2010~~ 2011.

F. Foreign currency translation

Assets and liabilities of the Company whose functional currency is the Hong Kong dollar are translated into U.S. dollars at exchange rates prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the year. The net exchange differences resulting from these translations will be reported in other income. Gains and losses resulting from foreign currency transactions will be included the consolidated statements of operations. There are no exchange differences or gains and losses resulting from foreign currency translations to report for the period commencing with inception and ending ~~December~~ March 31, ~~2010~~2011.

G. Related Party Notes Payable

Notes Payable consists of $160,595 in loans made by an officer and shareholder of the Company to the Company and its wholly owned subsidiary, VOL. These loans bear interest at a rate of 5% per annum, are unsecured and due and payable upon demand.

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

G. Related Party Notes Payable

Notes Payable consists of $165,969 in loans made by an officer and shareholder of the Company to the Company and its wholly owned subsidiary, VOL. These loans bear no interest, are unsecured and due and payable upon demand.

H. Use of Estimates

The preparation of the 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 statement and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

I. Development Stage

The Company continues to devote substantially all of its efforts in the development of its plan to(a) provide services consisting of converting documents from word processing format to HTML in order that they may be filed with the SEC electronically through EDGAR, the SEC's Electronic Data Gathering, Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within Hong Kong .

J. Income Taxes

The Company accounts for income taxes in accordance with authoritative guidance on deferred income taxes which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. SFAS No. 109 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate to net loss before provision for income taxes for the following reasons:

	December 31,
	March 31,
	2010
	2011.
Income tax expense at statutory rate	$	4(2,~~900~~660	)
Valuation allowance		(42,~~900~~660	)
Income tax expense per books	$	-0-

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

J. Income Taxes (Continued)

Net deferred tax assets consist of the following components as of:

	December 30,
	March 31,
	2010
	2011.
NOL Carryover	$	5963,~~006~~198
Valuation allowance		(~~59,006~~63.198	)
Net deferred tax asset	$	-0-

The Company has a net operating loss carryover of ~~$173~~ 185,~~547~~877 as of ~~December~~March 31, ~~2010~~ 2011 which expires in 2028. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

K. Equity-based compensation.

The Company adopted SFAS No. 123-R effective January 1, 2006 using the modified prospective method. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1,2006, based on the grant-date fair value estimated in accordance with the provisions of SFAS No. 123-R.

L. Restatement of Financial Statements (in Part)

The Company discovered an erroneous entry being made in year 2006, which required a reclassification of this entry. The effects of the restatement on the Company’s consolidated balance sheet as of June 30, 2007 and 2008, as well as the effects of these changes on the Company’s consolidated statements of income and consolidated statements of cash flows for fiscal years 2008 and 2007. The cumulative effect of the restatement relating to fiscal years 2008 and 2007 is the increase of additional paid-in capital from negative $21,000 to zero; write-off of goodwill in the amount of $25,000; and a decrease in selling, general and administrative expenses of $3,125. As a result, deficit accumulated fiscal years ended June 30, 2007 and 2008 increased by $21,875.

NOTE 3. COMMON STOCK TRANSACTIONS

The Company did not issue any shares of common stock during the reporting quarter ended ~~December~~March 31, ~~2010~~2011.

NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common stock.

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common stock.

NOTE 5. TRANSACTIONS WITH RELATED PARTY

AsOn ~~of December~~April 3026, ~~2010~~2006, ~~the Company is indebted to~~ Bernard Chan ~~in the amount of $160~~,~~595~~ ~~for loans made by Bernard Chan to~~ the Company ~~and the Company~~’s ~~wholly owned~~sole ~~subsidiary,~~Officer ~~VOL. These loans are unsecured~~ and ~~bear~~Director, ~~interest~~received at18,850,000 acommon ~~rate~~shares of 5% ~~per annum and are due and payable by~~ the Company ~~upon demand. Interest~~in ~~paid~~connection ~~year-to-date~~with to the ~~officer~~Company’s ~~and~~acquisition ~~shareholder~~ of ~~the~~ ~~Company~~Vast ~~was $-0- at December 31~~Opportunity, ~~2010~~Ltd.

~~NOTE~~As 6of March 31, 2011, the Company is indebted to Bernard Chan in the amount of $165,969 for loans made by Bernard Chan to the Company and the Company’s wholly owned subsidiary, VOL. ~~RECENT~~ ~~ACCOUNTING PRONOUNCEMENTS~~These loans are unsecured and bear no interest and are due and payable by the Company upon demand.

InNOTE April 2010, the FASB issued authoritative guidance on Stock Compensation and its Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades6. ~~The~~ GOING guidance provides amendments to clarify that an employee share-based payment award with an exercise price denominated in the currency of a market in which a substantial portion of the entity’s equity securities trades should not be considered to contain a condition that is not a market, performance, or service condition. Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as the adoption of this guidance is not expected to have a material impact on the Company’s financial position or results of operations.CONCERN

~~NOTE~~ The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, The Company has a negative net working capital of US$168,900 as of March 31, 2011 and a net loss of $7,824 and $4,732 for the quarters ended March 31, 2011 and 2010 respectively. ~~GOING~~ The ~~CONCERN~~Company currently has limited liquidity, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. However, The Company has a negative net working capital of US$159,402 as of December 31, 2010 and a net loss of $8,178 and $16,427 for the quarters ended December 31, 2010 and 2009 respectively. The Company currently has limited liquidity, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors, among others, raise substantial doubt as to the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 8. COMMITMENTS

The Company leases its facilities under an operating lease commencing April 16, 2010 and expiring April 15, 2012.

Pursuant to the lease, the Company is obligated to pay monthly rent of approximately $1,823 as well as a management fee of $253.

1110

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

PRELIMINARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This discussion contains forward-looking statements. The reader should understand that several factors govern whether any forward-looking statement contained herein will be or can be achieved. Any one of those factors could cause actual results to differ materially from those projected herein. These forward-looking statements include plans and objectives of management for future operations, including plans and objectives relating to the products and the future economic performance of the company. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions, future business decisions, and the time and money required to successfully complete development projects, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the company. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of those assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in any of the forward-looking statements contained herein will be realized. Based on actual experience and business development, the company may alter its marketing, capital expenditure plans or other budgets, which may in turn affect the company's results of operations. In light of the significant uncertainties inherent in the forward-looking statements included therein, the inclusion of any such statement should not be regarded as a representation by the company or any other person that the objectives or plans of the company will be achieved.

RESULTS OF OPERATIONS

The following table shows the financial data of the consolidated statements of operations of the Company and its subsidiaries for the 3-month periods ended ~~December~~ March 31, ~~2010~~2011 and ~~December~~March 31, ~~2009~~2010, as well as the 6 9-month periods ended ~~December~~March 31, ~~2010~~2011 and ~~December~~March 31, ~~2009~~ 2010. The data should be read in conjunction with the audited consolidated financial statements of the Company and related notes thereto.

	3-month Ended						69-month Ended
	December 31,			December 31,			December 31,			December 31,
	March 31,			March 31,			March 31,			March 31,
	2010			2009			2010			2009
	2011			2010			2011			2010
(In US$ except per share data)
Net Sales	$	21,~~372~~795		$	2,372		$	46,~~744~~539		$	47,~~744~~116
Operating expenses
Depreciation expenses		(~~333~~332	)		(~~333~~332	)		(~~666~~998	)		(~~666~~997	)
Selling, general and administrative expenses		(109,~~217~~287	)		(186,~~466~~772	)		(2130,~~168~~454	)		(2523,~~953~~726	)
Total Operating expenses		(109,~~550~~619	)		(187,~~799~~104	)		(2131,~~834~~452	)		(2633,~~619~~723	)
Loss from operations		(87,~~178~~824	)		(164,~~427~~732	)		(1724,~~090~~913	)		(2126,~~875~~607	)
Non-operating income (expense)
Interest expense		(2,007	)		—			(2,007	)		—
Interest income		—			—			(2,007	)		—
Loss on disposal of property and equipment		—			—			—			—
Profit/(loss) before income tax and minority interests		(107,~~185~~824	)		(164,~~427~~732	)		(1926,~~097~~921	)		(2126,~~875~~607	)
Provision for income taxes		—			—			—			—
Minority interests		—			—			—			—
Net income/(loss)		(107,~~185~~824	)		(164,~~427~~732	)		(1926,~~097~~921	)		(2126,~~875~~607	)
Earnings (loss) per share
Basic		(0.00	)		(0.00	)		(0.00	)		(0.00	)

1211

3 MONTHS ENDED ~~DECEMBER~~MARCH 31, ~~2010~~2011 COMPARED TO 3 MONTHS ENDED DECEMBER 31, ~~2009~~ 2010.

OPERATING REVENUE

Since commencing operations in April 2006, we have been engaged to providing Edgarizing and Virtual Office businesses. However, due mainly to the inefficient minimal scale of operating the Edgarizing business, we temporarily ceased its operation and continue only the operation of Virtual Office.

For the 3-month period ended ~~December~~March 31, ~~2010~~2011, Asia Document Transition, Inc. generated revenue in the amount of $21,~~372~~795, as compared to $2,372 for the same corresponding period in year ~~2009~~2010, a decrease of $577 or 24.3%. The decrease is mainly the ~~revenue~~result ~~remained unchanged~~of a client only consumed our facility for one month during the reporting quarter versus 3 months for the same quarter last year. During the quarter ended ~~December~~March 31, ~~2010~~2011, we provided our virtual office services for an average of 2.3 clients with an average monthly fee earned per client in the amount of approximately US$260~~, which remained the same for the corresponding period in year 2009~~. In addition, the existing clients are being charged in a similar manner.

DEPRECIATION ~~EXPENSES~~ EXPENSE

Depreciation expenses for the 3-month period ended ~~December~~March 31, ~~2010~~2011 amounted to $~~333~~332, as compared to $~~333~~332 for the same corresponding period in year ~~2009~~2010, it remained unchanged. The remaining of these expenses was related to the depreciation charged on office equipments and computers.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

For the 3-month period ended ~~December~~March 31, ~~2010~~2011, selling, general and administrative expenses were $109,~~217,~~287 compared to $186,~~466~~772 for the same corresponding period in year ~~2009~~2010, aan ~~decrease~~increase of $82,~~249~~515 or 4437.71%. This ~~decrease~~increase was primarily the result of ~~lower~~auditor’s ~~and~~fee ~~less~~for ~~professional~~10Q-review ~~fees~~ being ~~paid~~accrued ~~due~~and toEdgarizing ~~the management’s~~fee ~~effort~~being topaid ~~trim~~for ~~costs~~the reporting quarter.

INTEREST INCOME~~/EXPENSE~~

Interest income was none for the reporting 3-month period ended ~~December~~March 31, ~~2010~~2011, compared to none for the same corresponding period in year ~~2009. Interest expense was $2,007 for the reporting 3-month period ended December 31,~~ 2010~~, compared to none for the same corresponding period in year 2009~~.

1312

NET LOSS

Net loss was $107,~~185~~824 for the reporting 3-month period ended ~~December~~March 31, ~~2010~~2011, as compared to the net loss of $164,~~427~~732 for the same corresponding period in year ~~2009~~ 2010, aan ~~decrease~~increase of $63,~~242~~092 or 3865.3%. The ~~decrease~~increase was primarily the result of the ~~decrease~~increase of SG&A expenses mentioned above.

69 MONTHS ENDED ~~DECEMBER~~MARCH 31, ~~2010~~2011 COMPARED TO 69 MONTHS ENDED ~~DECEMBER~~MARCH 31, ~~2009~~ 2010.

OPERATING REVENUE

For the 6 9-month period ended ~~December~~March 31, ~~2010~~2011, Asia Document Transition, Inc. generated revenue in the amount of $46,~~744~~539, as compared to $47,~~744~~116 for the same corresponding period in year ~~2008~~2010, ita ~~remained~~decrease of $577 of 8.1%. The decrease is mainly the result of a client only consumed our facility for one month during the reporting quarter versus 3 months for the same quarter last year. During the 6 9-month period ended ~~December~~March 31, ~~2010~~2011, we provided our virtual office services for an average of 32.8 clients with an average monthly fee earned per client in the amount of approximately US$260. ~~In addition, the existing clients are being charged the same as that of the year 2009.~~

DEPRECIATION ~~EXPENSES~~ EXPENSE

Depreciation expenses for the 69-month period ended ~~December~~March 31, ~~2010~~2011 amounted to $~~666~~998, as compared to $~~666~~998 for the same corresponding period in year ~~2009~~2010, it remained the same. The remaining of these expenses was related to the depreciation charged on office equipments and computers.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

For the 6 9-month period ended ~~December~~March 31, ~~2010~~2011, selling, general and administrative expenses were $2130,~~168~~455, compared to $2523,~~953~~726 for the same corresponding period in year ~~2009~~2010, aan ~~decrease~~increase of $46,~~785~~729 or 182.48%. ~~This decrease was primarily the result of lower and less professional fees being paid due to the management’s effort to trim costs.~~

INTEREST INCOME~~/EXPENSE~~

Interest income was none for the reporting 69-month period ended ~~December~~March 31, ~~2010~~2011, compared to none for the same corresponding period in year ~~2009. Interest expense was $2,007 for the reporting 6-month period ended December 31,~~ 2010~~, compared to none for the same corresponding period in year 2009~~.

NET LOSS

Net loss was approximately $1926,~~097~~921 for the reporting 69-month period ended ~~December~~March, 312011, ~~2010,~~ as compared to $2126,~~875~~607 for the same corresponding period in year ~~2009~~2010, ~~a decrease~~an increase of $~~2,778~~314 or 121.72%. ~~The decrease was primarily the result of the decrease of SG&A expenses mentioned above.~~

LIQUIDITY AND CAPITAL RESOURCES

As of ~~December~~ March 31, ~~2010~~2011, cash and cash equivalents totaled $1,~~617~~576. This cash position was the result of a result of net cash provided by financing activities in the amount of $1319,~~837~~212, offsetting by net cash used in operating activities in the amount of $1621,~~256~~672. The cash increase in financing activities was the result of additional loans from related party. The net cash used by operating activities was mainly the result of professional fees and overheads for the maintenance of the office space.

We believe that the level of financial resources is a significant factor for our future development, and accordingly we may choose at any time to raise capital through private debt or equity financing to strengthen its financial position, facilitate growth and provide us with additional flexibility to take advantage of business opportunities. However, we do not have immediate plans to have a public offering of our common stock.

~~CRITICAL ACCOUNTING POLICIES~~13

In presenting our financial statements in conformity with generally accepted accounting principles, we are required to make estimates and assumptions that affect the amounts reported therein. Several of the estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future events. However, events that are outside of our control cannot be predicted and, as such, they cannot be contemplated in evaluating such estimates and assumptions. If there is a significant unfavorable change to current conditions, it could result in a material adverse impact to our consolidated results of operations, financial position and liquidity. We believe that the estimates and assumptions we used when preparing our financial statements were the most appropriate at that time. Presented below are those accounting policies that we believe require subjective and complex judgments that could potentially affect reported results. However, the majority of our businesses operate in environments where we pay a fee for a service performed, and therefore the results of the majority of our recurring operations are recorded in our financial statements using accounting policies that are not particularly subjective, nor complex.

Allowance for Doubtful Accounts

We perform ongoing credit evaluations of our customers and adjust credit limits based upon customer payment history and current creditworthiness. We continuously monitor collections and payments from our customers and maintain a provision for estimated credit losses based upon our historical experience and any specific customer collection issues that have been identified. While such credit losses have historically been within our expectations and the provisions established, we cannot guarantee that we will continue to experience credit loss rates similar to those we have experienced in the past. Measurement of such losses requires consideration of historical loss experience, including the need to adjust for current conditions, and judgments about the probable effects of relevant observable data, including present economic conditions such as delinquency rates and financial health of specific customers.

Going Concern

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. To date, the Company generated only nominal revenue, is considered a development stage company, has experienced recurring net operating losses, had a net loss of $(107,~~185~~824) for the three months ended ~~December~~March 31, ~~2010~~2011, and a working capital deficiency of $~~151~~168,~~046~~900 at ~~December~~ March 31, ~~2010~~2011. These factors raise substantial doubt about the Company’s ability to continue as a going concern. 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. We will need to raise funds or implement our business plan to continue operations.

Off-Balance Sheet Arrangements

We do not have 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 that is material to investors.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 4. INTERNAL CONTROL OVER FINANCIAL REPORTING

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of ~~December~~ March 31, ~~2010~~2011. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the ~~second~~first quarter of fiscal 2011 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

1614

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

There are no legal proceedings which are pending or have been threatened against us or any of our officers, directors or control persons of which management is aware.

ITEM 1A.

RISK FACTORS.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES ~~AND USE OF PROCEEDS~~

Except as may have previously been disclosed on a current report on Form 8-K or the Company’s Registration Statement on Form S-1, we have not sold any of our securities in a private placement transaction or otherwise during the past three years.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.

(REMOVED AND RESERVED)

None.

ITEM 5.

OTHER INFORMATION

None

ITEM 6.

EXHIBITS

Exhibit No.		Description

31.1		Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

1715

SIGNATURES

In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

	ASIA DOCUMENT TRANSITION, INC.
Date: February 11, 2011	By:	/s/ Bernard Chan
Date: May 10, 2011	By:	/s/ Bernard Chan
		Bernard Chan
		Director, CEO, President and Treasurer

EXHIBIT INDEX

Exhibit No.		Description

31.1		Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

1816

Filing Compare · Asia Document Transition, Inc.