Note 1: Organization and Nature of Business.	9 Months Ended
Mar. 31, 2013
Notes
Note 1: Organization and Nature of Business.	Note 1 Organization and Nature of Business. The reporting entity in this form 10-Q is XFormity Technologies, Inc. (a Colorado Corporation) ("XFormity" or the "Company") and includes the operations of XFormity, Inc. (a Texas Corporation) (“XFM”), the wholly owned subsidiary of the Company. XFormity formerly provided technology and services to multi-unit business operators. The Company’s core products were hosted Business Intelligence (BI), Balanced Scorecard and Benchmarking solutions. These solutions helped customers with operational data analysis, trend reporting, issue identification and tracking. The Company provided data integration and management services that feed the BI and Scorecard solution with data from many key data sources. The Company’s solutions were provided to customers as a hosted (software-as-a-service) model, which allows the Company to rapidly configure and implement solutions for new customers in an affordable, cost-effective manner. As noted below in Note 2, the Company executed an Asset Sale and Purchase Agreement effective August 1, 2012 (“APA”) which would have resulted in the disposition of all material operations including all current revenue streams for the Company. The APA terminated without consummation effective March 29, 2013 due to the Company’s inability to obtain the approval of its shareholders in accordance with applicable legal requirements. Due to that failure, the holders of the Company’s outstanding senior secured debentures (“Debentures”) demanded that the Company convey its assets to the Indenture Trustee exercising the rights of the Debenture holders under a Trust Indenture pursuant to their senior secured rights. Accordingly, effective April 1, 2013, the Company executed with the Indenture Trustee an Agreement to Accept Collateral in Satisfaction of Obligations (the “Collateral Satisfaction Agreement”), conveying substantially all of the Company’s assets to the Indenture Trustee in satisfaction of the Debentures. The Company is now a shell company and intends to seek another business combination or merger.

Note 1: Organization and Nature of Business.

9 Months Ended

Mar. 31, 2013

Note 1: Organization and Nature of Business.

Note 1 Organization and Nature of Business.

The reporting entity in this form 10-Q is XFormity Technologies, Inc. (a Colorado Corporation) ("XFormity" or the "Company") and includes the operations of XFormity, Inc. (a Texas Corporation) (“XFM”), the wholly owned subsidiary of the Company. XFormity formerly provided technology and services to multi-unit business operators. The Company’s core products were hosted Business Intelligence (BI), Balanced Scorecard and Benchmarking solutions. These solutions helped customers with operational data analysis, trend reporting, issue identification and tracking. The Company provided data integration and management services that feed the BI and Scorecard solution with data from many key data sources. The Company’s solutions were provided to customers as a hosted (software-as-a-service) model, which allows the Company to rapidly configure and implement solutions for new customers in an affordable, cost-effective manner.

As noted below in Note 2, the Company executed an Asset Sale and Purchase Agreement effective August 1, 2012 (“APA”) which would have resulted in the disposition of all material operations including all current revenue streams for the Company. The APA terminated without consummation effective March 29, 2013 due to the Company’s inability to obtain the approval of its shareholders in accordance with applicable legal requirements. Due to that failure, the holders of the Company’s outstanding senior secured debentures (“Debentures”) demanded that the Company convey its assets to the Indenture Trustee exercising the rights of the Debenture holders under a Trust Indenture pursuant to their senior secured rights. Accordingly, effective April 1, 2013, the Company executed with the Indenture Trustee an Agreement to Accept Collateral in Satisfaction of Obligations (the “Collateral Satisfaction Agreement”), conveying substantially all of the Company’s assets to the Indenture Trustee in satisfaction of the Debentures.

The Company is now a shell company and intends to seek another business combination or merger.

XFormity Technologies, Inc. 10-Q