---

---

 

 

Nevada	26-0674103
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification 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” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨  (Do not check if a smaller reporting company)	Smaller reporting company x

 

 

 

 

		September 30,				December 31,
		2010				2009
Assets						(Audited)
Current assets:
Cash		$	8,362			$	4,478
Accounts receivable			5,672				8,145
Prepaid expenses			1,370				252
Total current assets			15,404				12,875
Total assets		$	15,404			$	12,875
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable		$	7,300			$	17,016
Accrued expenses			16,735				11,953
Accrued expenses - related party			-				47,865
Accrued compensation - related party			-				31,250
Total current liabilities			24,035				108,084
Stockholders’ equity (deficit):
Preferred stock, $0.001 par value, 10,000,000 shares
authorized, no shares issued and outstanding			-				-
Common stock, $0.001 par value, 100,000,000 shares
authorized, 5,554,110 and 4,804,110 shares issued and outstanding
as of September 30, 2010 and December 31, 2009, respectively			5,554				4,804
Additional paid in capital			527,348				356,223
(Deficit) accumulated during development stage			(541,533	)			(456,236	)
Total stockholders’ equity (deficit)			(8,631	)			(95,209	)
Total liabilities and stockholders’ equity (deficit)		$	15,404			$	12,875

 

 

 

		Nine Months Ended September 30,							May 2, 2007 (Inception) to September 30,
		2010				2009			2010
Cash flows from operating activities
Net (loss)		$	(85,297	)		$	(158,698	)		$	(541,533	)
Shares issued for compensation - related party			93,750				93,750				218,750
Shares issued for services - related party			78,125				-				78,125
Shares issued for services			-				-				25,903
Gain on debt settlement			10,511				-				10,511
Adjustments to reconcile net (loss) to
net cash (used) in operating activities:
Accounts receivable			2,473				(19,590	)			(5,672	)
Prepaid expenses			(1,118	)			993				(1,370	)
Accounts payable			(20,227	)			1,230				(3,212	)
Accrued expenses			(43,083	)			39,382				16,735
Accrued compensation - related party			(31,250	)			-				-
Net cash (used) by operating activities			3,884				(42,933	)			(201,763	)
Cash flows from financing activities
Issuance of common stock			-				5,000				210,125
Net cash provided by financing activities			-				5,000				214,125
Net increase (decrease) in cash			3,884				(37,933	)			8,362
Cash, beginning			4,478				45,503				-
Cash, ending		$	8,362			$	7,570			$	8,362
Supplemental disclosures:
Interest paid		$	5			$	4				96
Income taxes paid		$	-			$	-				-
Non-cash disclosures:
Shares issued for compensation - related party		$	93,750			$	93,750			$	218,750
Shares issued for services - related party		$	78,125			$	-			$	78,125
Shares issued for services		$	-			$	-			$	25,903

 

 

 

 

 

 

 

Management’s plan, in this regard, is to raise financing of approximately $500,000 through a combination of equity and debt financing. Management believes this amount will be sufficient to finance the continuing development for the next twelve months. However, there is no assurance that the Company will be successful in raising such financing.

 

 

 

 

 

 

 

 

 

 

 

 

·	deterioration in general or regional economic, market and political conditions;
·	our ability to diversify our operations;

·	actions and initiatives taken by both current and potential competitors;
·	inability to raise additional financing for working capital;

·	the fact that our accounting policies and methods are fundamental to how we report our financial condition and results of operations, and they may require management to make estimates about matters that are inherently uncertain;
·	adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations;

·	changes in U.S. GAAP or in the legal, regulatory and legislative environments in the markets in which we operate;
·	inability to efficiently manage our operations;

·	inability to achieve future operating results;
·	the unavailability of funds for capital expenditures;

·	our ability to recruit and hire key employees;
·	the inability of management to effectively implement our strategies and business plans; and

·	the other risks and uncertainties detailed in this report.

 

 

·	Emit an audible alarm and strobe light to frighten an attacker, temporarily impair their vision, and alert others;
·	Ability to link to the user’s personal cell phone using Bluetooth technology to automatically dial 9-1-1 to communicate to police dispatch and transmit your GPS location;

·	Provide an audio and video recording of an incident;
·	Transmit the user’s GPS location;

·	Allow the user to accurately direct pepper-spray upon the attacker with a tracer substance to assist in subsequent identifications;
·	Providing a laser pointer for enhancing aiming accuracy;

·	Transmit a custom message-being attacked, name, age and license plate number and last 30 seconds of ambient audio prior to trigger, also sends video or video frame of attacker;
·	Enable a PTT-push to talk feature to talk with Police Dispatch directly;

·	Repeating audio and video transmission to Police Dispatch and after a certain amount of time defaulting to a communication device to Police Dispatch.

 

 

 

 

 

·	Emit an audible alarm and strobe light to frighten an attacker, temporarily impair their vision, and alert others;
·	Ability to link to the user’s personal cell phone using Bluetooth technology to automatically dial 9-1-1 to communicate to police dispatch and transmit your GPS location;

·	Provide an audio and video recording of an incident;
·	Transmit the user’s GPS location;

·	Allow the user to accurately direct pepper-spray upon the attacker with a tracer substance to assist in subsequent identifications;
·	Providing a laser pointer for enhancing aiming accuracy;

·	Transmit a custom message-being attacked, name, age and license plate number and last 30 seconds of ambient audio prior to trigger, also sends video or video frame of attacker;
·	Enable a PTT-push to talk feature to talk with Police Dispatch directly;

·	Repeating audio and video transmission to Police Dispatch and after a certain amount of time defaulting to a communication device to Police Dispatch.

			Incorporated by reference
Exhibit	Exhibit Description	Filed herewith	Form	Period ending	Exhibit	Filing date
2.1	Merger Agreement with Guardian 8 Corporation dated July 30, 2010		10-Q	06/30/09	2.1	08/06/10
3.1(i)(a)	Articles of Incorporation dated May 2, 2007		S-1		3.1(i)(a)	05/16/08
3.1(ii)(a)	Bylaws		S-1		3.1(ii)(a)	05/16/08
10.1	Strategic Alliance Agreement dated November 15, 2007		10-K	12/31/08	10.1	04/14/09
10.2	Employment Agreement with Kyle Edwards		10-K	12/31/08	10.2	04/14/09
31.1	Certification of Kyle Edwards pursuant to Section 302 of the Sarbanes-Oxley Act	X
31.2	Certification of Peter Maheu pursuant to Section 302 of the Sarbanes-Oxley Act	X
32.1	Certification of Kyle Edwards pursuant to Section 906 of the Sarbanes-Oxley Act	X
32.2	Certification of Peter Maheu pursuant to Section 906 of the Sarbanes-Oxley Act	X

	GLOBAL RISK MANAGEMENT & INVESTIGATIVE SOLUTIONS (Registrant)
Date: November 24, 2010	By:	/s/ Peter Maheu
		Peter Maheu
		Principal Financial Officer
		(On behalf of the Registrant and as Principal Financial Officer)