10-Q 1 g7616.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 2014 Commission file number 333-182970 WEBFOLIO INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) Villa 210, Perla Marina Complex Carretera Sosua - Cabarete Cabarete, Puerto Plata Republica Dominicana, 57000 web.folio@yahoo.com (Address of principal executive offices, including zip code) (860) 331-8186 (Telephone number, including area code) 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 (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 last 90 days. YES [X] NO [ ] 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 (ss.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 [ ] 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," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [X] NO [ ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 6,000,000 shares as of October 13, 2014 ITEM 1. FINANCIAL STATEMENTS WEBFOLIO, INC Balance Sheets --------------------------------------------------------------------------------

~~November~~August 3031, 2014 May 31, ~~2013~~2014 ~~2013~~ --------------- ------------ (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ ~~657~~4,098 $ 64,~~410~~346 -------- -------- TOTAL CURRENT ASSETS ~~657~~4,098 64,~~410~~346 -------- -------- ~~OTHER ASSETS Pre-paid expenses 300 -- -------- --------~~ TOTAL ~~OTHER~~ ASSETS ~~300 -- -------- -------- TOTAL ASSETS~~ $ ~~957~~4,098 $ 64,~~410~~346 ======== ======== LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES Accounts payable $ ~~740~~3,465 $ ~~780~~475 Loan from shareholder 1114,~~588~~488 511,~~088~~988 -------- -------- TOTAL CURRENT LIABILITIES 1217,~~328~~953 512,~~868~~463 -------- -------- TOTAL LIABILITIES 1217,~~328~~953 512,~~868~~463 -------- -------- STOCKHOLDERS' EQUITY (DEFICIT) 130,000,000 common shares at par value of $0.0001 Common stock, ~~$0.001 par value~~6, ~~75,~~000,000 shares ~~authorized; 5,000,000 shares~~ issued and outstanding at ~~November~~August 3031, ~~2013~~2014 and May 31, ~~2013~~2014 respectively ~~500~~600 ~~500~~600 Additional paid-in capital 919,~~500~~400 919,~~500~~400 Deficit accumulated during ~~exploration~~the development stage (2133,~~371~~855) (928,~~458~~117) -------- -------- TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1113,~~371~~855) ~~542~~(8,117) -------- -------- TOTAL LIABILITITES & STOCKHOLDERS' EQUITY (DEFICIT) $ ~~957~~4,098 $ 64,~~410~~346 ======== ========

See Notes to Financial Statements 2 WEBFOLIO, INC. Statements of Operations (Unaudited) -------------------------------------------------------------------------------- Three Months Ended Three Months Ended August 31, 2014 August 31, 2013 --------------- --------------- REVENUES Revenues $ -- $ -- ----------- ----------- TOTAL REVENUES -- -- OPERATING COSTS Professional expenses 4,595 1,250 General and Administative 1,143 45 ----------- ----------- TOTAL OPERATING COSTS 5,738 1,295 ----------- ----------- OTHER INCOME AND EXPENSE Exchange gain(loss) -- -- ----------- ----------- TOTAL OTHER INCOME AND EXPENSE -- -- ----------- ----------- NET INCOME (LOSS) $ (5,738) $ (1,295) =========== =========== BASIC EARNINGS PER SHARE $ (0.00) $ (0.00) =========== =========== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 6,000,000 5,000,000 =========== =========== See Notes to Financial Statements 3 WEBFOLIO, INC. Statements of Cash Flows (Unaudited) --------------------------------------------------------------------------------

~~Inception~~ Three Months Ended Three Months ~~Six Months Six Months May 16, 2011~~ Ended ~~Ended~~August ~~Ended ended Through November 30~~31, ~~November~~2014 ~~30,~~August ~~November 30~~31, ~~November 30, November 30,~~ 2013 ~~2012 2013 2012 2013~~ ---------- -----~~-----~~ ---------- -----~~-----~~ ~~----------~~CASH ~~REVENUES~~FLOWS ~~Revenues~~FROM $OPERATING --ACTIVITIES $Net --income $(loss) -- $ --(5,738) $ --(1,295) ~~----------~~Adjustments ~~----------~~to ~~----------~~reconcile ~~----------~~net ~~----------~~loss ~~TOTAL~~to ~~REVENUES~~net --cash --provided --by ~~OPERATING~~(used ~~COSTS~~in) ~~Professional~~operating ~~expenses~~activities: ~~6,995~~Changes --in ~~8,245~~operating ~~1,750~~assets ~~10,995 General~~ and ~~Administative~~liabilities: ~~3,623~~Accounts ~~116~~payable 32,~~668~~990 ~~1,976~~(740) ~~10,069~~ ---------- ---------- ~~----------~~NET CASH USED IN OPERATING ACTIVITIES (2,748) (2,035) ---------- ---------- ~~TOTAL~~CASH ~~OPERATING~~FLOWS ~~COSTS~~FROM ~~10,618~~INVESTING ~~116~~ACTIVITIES ~~11,913~~NET ~~3,726~~CASH ~~21,064~~USED ~~----------~~IN INVESTING ACTIVITIES --~~--------~~ --~~--------~~ ---------- ---------- ~~OTHER~~CASH ~~INCOME~~FLOWS ~~AND~~FROM ~~(EXPENSE)~~FINANCING ~~Exchange~~ACTIVITIES ~~gain(loss)~~Proceeds --from 3shareholder loans 2,500 -- ~~136~~Issuance ~~307~~of common stock for cash -- --~~------~~ ---------- -------- NET CASH PROVIDED BY FINANCING ACTIVITIES 2,500 -- ---------- ---------- ~~TOTAL~~NET ~~OTHER~~CHANGE ~~INCOME~~IN CASH (248) (2,035) CASH AND ~~EXPENSE~~CASH --EQUIVALENTS 3AT --BEGINNING ~~136~~OF ~~307~~PERIOD ~~----------~~4,346 ~~----------~~6,410 ---------- ---------- ~~----------~~CASH ~~NET~~AND ~~INCOME~~CASH ~~(LOSS)~~EQUIVALENTS $AT ~~(10,618)~~END $OF ~~(119)~~PERIOD $ ~~(11~~4,~~913)~~098 $ (34,~~862)~~375 ~~$ (21,371)~~ ========== ========== ~~==========~~SUPPLEMENTAL ~~==========~~DISCLOSURES ~~==========~~OF ~~BASIC~~CASH ~~EARNINGS~~FLOW ~~PER~~INFORMATION ~~SHARE~~Cash $paid ~~(0.00)~~during $year ~~(0.00)~~for: Interest $ ~~(0.00)~~-- $ ~~(0.00)~~-- ========== ========== ~~==========~~Income ~~==========~~Taxes ~~WEIGHTED~~$ ~~AVERAGE~~-- ~~NUMBER~~$ OF-- ~~COMMON SHARES OUTSTANDING 5,000,000 5,000,000 5,000,000 5,000,000~~ ========== ========~~== ========== ==========~~

See Notes to Financial Statements 4 WEBFOLIO INC. Notes to Financial Statements August 31, 2014 (Unaudited) -------------------------------------------------------------------------------- 1. NATURE OF OPERATIONS Webfolio Inc. ("The Company") was incorporated in the State of Delaware on May 16, 2011 to engage in the creation and development of an online service primarily to help real estate investors more effectively manage their properties and potential buyers. The Company has no revenues and a limited operating history. GOING CONCERN CONSIDERATION These financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $33,855 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company's ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. Future issuances of the Company's equity or debt securities will be required in order for the Company to continue to finance its operations and continue as a going concern. The Company's present revenues are insufficient to meet operating expenses. The financial statements do not include any adjustments that may result from the outcome of these aforementioned uncertainties. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's fiscal year end is May 31. CASH AND CASH EQUIVALENTS The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. 5 USE OF ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes 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 period. Actual results could differ from those estimates. FOREIGN CURRENCY TRANSLATION The financial statements are presented in United States dollars. In accordance with ASC 830, "Foreign Currency Matters", foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations. FINANCIAL INSTRUMENT Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. 6 The recorded amounts of financial instruments, including cash equivalents, accounts payable and loan from related party, approximate their market values as of August 31, 2014. INCOME TAXES The Company follows the accrual method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on the deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At August 31, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. BASIC AND DILUTED NET INCOME (LOSS) PER SHARE The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. RECENT ACCOUNTING PRONOUNCEMENTS In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard and will not report inception to date financial information. 7 In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The revenue recognition standard affects all entities that have contracts with customers, except for certain items. The new revenue recognition standard eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle-based approach for determining revenue recognition. Public entities are required to adopt the revenue recognition standard for reporting periods beginning after December 15, 2016, and interim and annual reporting periods thereafter. Early adoption is not permitted for public entities. The Company has reviewed the applicable ASU and has not, at the current time, quantified the effects of this pronouncement, however it believes that there will be no material effect on the financial statements. In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation -- Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation -- Stock Compensation. As a result, the target is not reflected in the estimation of the award's grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the financial statements. In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements--Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met conditions which would subject these financial statements for additional disclosure. We have reviewed the FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration. 8 3. RELATED PARTY TRANSACTIONS The President of the Company provides management and office premises to the Company for no compensation. He will also not receive any interest on any funds that he has advanced to the Company. Mr. Thompson has advanced funds to the Company as of August 31, 2014 in the amount of $14,488. 4. COMMON SHARES The stockholders' equity section of the Company contains the following classes of capital stock as of August 31, 2014: Common stock, $ 0.0001 par value: 130,000,000 shares authorized; 6,000,000 shares issued and outstanding In May, 2011, the Company authorized the issue of 5,000,000 common shares of the company at par value of $.002 to Robin Thompson, Director, for net cash proceeds of $10,000. In December, 2013, the Company issued a total of 1,000,000 shares of common stock to 25 individuals for cash in the amount of $0.01 per share for a total of $10,000. At August 31, 2014 there are total of 6,000,000 common shares of the Company issued and outstanding. 5. INCOME TAXES The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized. The provision for refundable federal income tax consists of the following for the period ended August 31, 2014: Federal income tax benefit attributed to: Net operating loss $ (5,738) Valuation allowance (5,738) -------- Net benefit $ -- ======== The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: Deferred tax attributed: Net operating loss carryover $ 11,511 Less change in valuation allowance (11,511) -------- Net deferred tax asset $ -- ======== At August 31, 2014, the Company had an unused net operating loss carry-forward approximating $33,855 that is available to offset future taxable income; the loss carry-forward will start to expire in 2030. 9 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS Some of the statements contained in this Form 10-Q that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-Q, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors affecting our operations, market growth, services, products and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. All written forward-looking statements made in connection with this Form 10-Q that are attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements. RESULTS OF OPERATIONS We have generated no revenues to date. We have incurred $33,855 in operating expenses from inception through August 31, 2014. These expenses primarily consisted of costs related to organizational fees, i.e. forming the Delaware Company and filing the extra provincial license documents to operate in Alberta, costs related to the preparation of the Registration Statement, including the audit, SEC fees and EDGAR filing. The following table provides selected financial data about our Company for the period from the date of incorporation through August 31, 2014. For detailed financial information, see the financial statements included in this report. Balance Sheet Data: 08/31/2014 ------------------- ---------- Cash $ 4,098 Total assets $ 4,098 Total liabilities $ 17,953 Stockholder's equity $(13,855) To date Management has focused on the development that can be achieved without substantial cash flow. At this point we have mapped out the primary areas of functionality the service will offer including basic high-level, wire frame sketches of screens. We have reviewed hosting services and selected the Google App Engine as our deployment target. This decision also led us to decide to use 10 the database services offered through the Google App Engine platform. We've generated initial domain, service and controller class designs that will be easily supported by our selected platform and installed an open-source code editor that will help simplify our integration and deployment activities. We reviewed freely available open-source libraries that supply functionality we intend to use. Additionally we've also determined where and how we will keep our code repositories. On the marketing front, we have vetted our concept and planned functionality through a number of part time and full time real estate investors to further refine the planned service offering. If we experience a shortfall in operating capital prior to generating revenues or securing additional funding, our director has verbally agreed to advance the Company funds in a limited operations scenario. Our net loss for the three months ended August 31, 2014 was $5,738. Our net loss for the three months ended August 31, 2013 was $1,295. As of August 31, 2014, there is a total of $14,488 in advances payable that is owed by the company to Robin Thompson, a director and shareholder, for expenses that he has paid on behalf of the company. The advances payable are interest free and payable on demand. On December 1, 2011 the Company issued a total of 5,000,000 shares of common stock to Mr. Thompson for cash at $0.002 per share for a total of $10,000. We completed our offering of 1,000,000 shares of common stock to 25 individuals for cash in the amount of $10,000 in December 2013. LIQUIDITY AND CAPITAL RESOURCES At August 31, 2014 we had $4,098 in cash and there were outstanding liabilities of $17,953. Our directors have verbally agreed to loan the company funds for operating expenses in a limited scenario, but they have no legal obligation to do so. PLAN OF OPERATION Now that we have completed only a portion of our Company's $50,000 budget, we will be forced to operate at a minimal level and to extend our target dates until we receive additional financing. Our specific business plan for the next twelve months will include the following: We will begin initial programming of the Home and Buyers List navigation pages, which includes actual programming instructions in developing content pages for use for our web-based application. However, the buyer/listing feature that will match the buyer's property specifications profiled on the Buyer's List with the properties owned by the investor on the Property List will be delayed until the Company receives additional funding. 11 We believe we will be able to operate at a minimal level for the next 12 months to cover corporate and filing expenses, provide limited marketing, and begin initial programming of the Home and Buyers List navigations pages. 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 4. CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES Management maintains "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In connection with the preparation of this quarterly report on Form 10-Q, an evaluation was carried out by management, with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of August 31, 2014. Based on that evaluation, management concluded, as of the end of the period covered by this report, that our disclosure controls and procedures were effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the Securities and Exchange Commission's rules and forms. CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING As of the end of the period covered by this report, there have been no changes in the internal controls over financial reporting during the quarter ended August 31, 2014, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting subsequent to the date of management's last evaluation. 12 PART II. OTHER INFORMATION ITEM 6. EXHIBITS The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our Registration Statement on Form S-1, filed under SEC File Number 333-182970, at the SEC website at www.sec.gov: Exhibit No. Description ----------- ----------- 3.1 Articles of Incorporation* 3.2 Bylaws* 31.1 Sec. 302 Certification of Principal Executive Officer 31.2 Sec. 302 Certification of Principal Financial Officer 32.1 Sec. 906 Certification of Principal Executive Officer 32.2 Sec. 906 Certification of Principal Financial Officer 101 Interactive data files pursuant to Rule 405 of Regulation S-T 13 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. Webfolio Inc. Registrant Date October 13, 2014 By /s/ James Aikens ---------------------------------------- James Aikens (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer & Director) Date October 13, 2014 By /s/ Robin Thompson ---------------------------------------- Robin Thompson (Director) 14

Inception Six Months Six Months May 16, 2011 Ended ended Through November 30, November 30, November 30, 2013 2012 2013 -------- -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $(11,913) $ (3,862) $(21,371) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Changes in operating assets and liabilities: Increase in prepaid expense (300) -- (300) Accounts payable (40) -- 740 -------- -------- -------- NET CASH USED IN OPERATING ACTIVITIES (12,253) (3,862) (20,931) -------- -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES NET CASH USED IN INVESTING ACTIVITIES -- -- -- -------- -------- -------- CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from shareholder loans 6,500 -- 11,588 Issuance of common stock for cash -- -- 10,000 -------- -------- -------- NET CASH PROVIDED BY FINANCING ACTIVITIES 6,500 -- 21,588 -------- -------- -------- NET CHANGE IN CASH (5,753) (3,862) 657 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 6,410 8,916 -- -------- -------- -------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 657 $ 5,054 $ 657 ======== ======== ======== SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during year for: Interest $ -- $ -- $ -- ======== ======== ======== Income Taxes $ -- $ -- $ -- ======== ======== ========

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