FORM 1. 0- K. incorporation or organization) Identification No.). W. Lovers Lane, Dallas, TX 7. Address of principal executive offices) (Zip Code). Registrant's telephone number, including area code). None. (Former name, former address and former fiscal year. Securities registered pursuant to Section 1. Act. None. Securities registered pursuant to Section 1. Act. Common Stock, $0. Par Value. Registered on the NASD OTC Bulletin Board. Title of Class). Class A Preferred Stock, $1. Par Value. - -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -. Title of Class). 1. Units, consisting of one (1) share of Common Stock and one (1). Class A Preferred Stock. Title of Class). Indicate by check mark if the registrant is a well- known seasoned issuer. Rule 4. 05 of the Securities Act. BUSINESS. GENERAL BUSINESS HISTORY. Zunicom, Inc. As described more fully. Lovers Lane, Dallas, TX 7. Each user of the. PC works from a virtual C drive that is refreshed between users. This eliminates. all viruses as well as any trace of the previous user. March 20, 2014 edition of the Merritt Herald . Easily share your publications and get them in.9TH FLOOR, BUILDING-D,MBC PARK GHODBUNDER ROAD,KASARVADAVALI, THANE WEST,MAHARASHTRA 022 25315307 [email protected] : One Star Export House : 25.06.2020 : 03/1/0679/20151009 : 194: ARGON DRUGS 501 DAMJI SHAMJI TRADE. Individual properties of note include Waldorf- Astoria. Westin Michigan Avenue Chicago. Alpha. Net also maintains a repair integration and shipping facility in. Woodbridge, Virginia. Although these patent. Inn. Fax(TM). they are not expected to be of value in the future. These patents are carried on. Alpha. Net's books at . CorkSport Coilovers for Mazdaspeed 3 and Mazda 3. Sparco Evo2 race seat. ARP long wheel studs -- 17x9 ET 45+ Kosei K1 TS on 255/40/17 on Dunlop Direzza ZII. Turbosmart MBC - FM TBI - eBay DP. TS Smith & Son, Inc. USB Solar Master Tenant JV 2011, LLC Washington Gas Energy Services Watson Farms, Inc. White Oak Solar Energy, LLC Halls Family Restaurant Inc Alta Wind III Owner Lessor D First State. 130202 MBC Show Music Core TTS MC Cut 1080i HDTV Mpeg2 AC3-Yoonyule ts. 3 4 5 6 7 8 9 10 11 12. The effect of the 'as if' conversion of the preferred stock into 120,416 shares of common stock has been included in the diluted net income per share computation. Fair Value of Financial Instruments Effective January 1, 2008. SNSD SeoHyun :: LG Cinema 3D TV - making film #4 Yurui(LovAEnAi). 100212 mbc section tv seohyun graduation.ts. In addition, Zunicom sold 1,0. UPG's. common stock in the IPO. On December 2. 7, 2. As a result of. the IPO, our ownership interest in UPG was reduced to 4. UPG's principal product lines include. UPG's supply chain management services include inventory sourcing and. RISK FACTORS. In addition to other information in this Form 1. K, the following risk factors. Actual results could differ. Form 1. 0- K as a result of the risk factors discussed below and elsewhere in. Form 1. 0- K. New competitors or competitors' price reductions. In particular, we intend to. In pursuing acquisition. Assimilating acquired businesses involves. We cannot assure. In addition, as we offer new. Our common stock may be thinly traded, if traded at all, even. In addition, our stock may be defined. For transactions covered by Rule 1. Consequently, this. Rule may adversely affect the ability of broker- dealers to sell our common. The trading price of our common stock is. Factors affecting the trading price of. This lease expires April. Alpha. Net. also has a repair and service facility in Woodbridge, Virginia, which is. July 2. 00. 9 to July 2. On March 2. 6, 2. Company's. common stock was $. The grant was made in recognition of past and. UPG's common stock in which Zunicom was able to sell 1,0. UPG. common stock resulting in a $0. The. stock will not be registered and will be held in escrow for the benefit of the. Our chairman agreed not to exercise options on. Zunicom common stock, and the officers and employees of UPG. Zunicom common stock which lapsed after the. UPG. We accounted for the grant of restricted shares to our. On January 2. 1, 2. UPG resigned. and according to the terms of the restricted stock agreement, forfeited. Of the 2. 9. 5. 2% discount, the Company considers the risk of forfeiture. The Company applied this discount to. The decrease is. primarily attributable to a decrease in employment costs of approximately. State and local taxes due to the reduced. The increase is. primarily attributable to the discount on the UPG notes receivable of. The decrease is due to a reduction in the amount of equipment required by. Alpha. Net due to the decreasing number of installations of the Office(TM). Cash used in operating activities in 2. UPG, offset by a. Cash provided by financing activities is the. UPG notes of $4,8. For the year. ended December 3. UPG notes of $7. 31,2. The agreement contains a provision under which UPG may. Company as they become due, but the Company must hold any amounts. Bank while the line of credit is. Until the resolution of this issue, the Company accounted for all payments. UPG on the notes as . We have used the Black- Scholes valuation model to estimate fair value of. Our computation of expected volatility is based on a combination of. As permitted by FASB ASC 8. Company elected to defer. Company's results of operations, cash flows. Level 1- -quoted prices (unadjusted) in active markets for identical. Level 2- -observable inputs other than Level I, quoted prices for. Level 3- -assets and liabilities whose significant value drivers are. In those instances, the fair value. Fair Value Measurements (. In February 2. 00. FASB. issued FASB Staff Position (. The Company. adopted FSP FAS 1. January 1, 2. 00. APB 2. 8- 1) Interim. Disclosures about Fair Value of Financial Instruments (. The Company does not anticipate the adoption of these FSP's to. SFAS 1. 41(R) provides companies with principles and requirements on how an. Acquisition costs associated with the business. FASB ASC 8. 15 is intended to improve financial standards for. Entities are required to provide. SFAS. 1. 33, Accounting for Derivative Instruments and Hedging Activities and its. It eliminates the concept of a. Effective at the start of a. November 1. 5, 2. January. 1, 2. 01. Revised December 2. The determination of whether a reporting entity is required. A valuation technique that uses: The quoted price of the identical liability. Another valuation technique that is consistent with the principles of Topic 8. Specifically, ASU 2. Codification. Subtopic 8. A reporting entity should disclose separately the amounts of significant transfers. Level 1 and Level 2 fair value measurements and describe the reasons. In the reconciliation for fair value measurements using. In addition, ASU. For. purposes of reporting fair value measurement for each class of assets and. A reporting entity should. Those disclosures are effective for fiscal years beginning after. December 1. 5, 2. Early. application is permitted. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. Foreign Currency Exchange. Our customers and suppliers are primarily located in the U. S. Canada is the only. CHANGE IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL. DISCLOSURE. Meyers Norris Penny LLP are currently the Company's auditors. CONTROLS AND PROCEDURES. Our management is responsible for establishing and maintaining effective. Rules 1. 3a- 1. 5(f) under. Exchange Act. Our internal control over financial reporting is designed to. OTHER INFORMATION. Part III. ITEM 1. DIRECTORS AND EXECUTIVE OFFICERS OF ZUNICOM, INC. Tan's principal business. Tan is the father- in- law of Ian Edmonds. He also served as a director of Alpha. Net. from October 1. December 2. 00. 6. Edmonds is the son- in- law of William Tan. He is founder and. President since 1. Beacon Business Services, Inc.. Matawan, New Jersey, a consulting firm specializing in providing financial. From. August 2. 00. May 2. 00. 6 he served as interim chief financial officer of Sona. Mobile Holdings Corp., a publicly traded wireless technology company. Edmonds qualifies as. Vice - President. Chief Financial Officer in January, 2. Radulovic became COO upon Mr. Kindred has 1. 9 years experience in the. Panacom Automation. Hewlett- Packard and Varity Corporation. Radulovic has 2. 3 years experience in software development. ULJANIK- Pula Shipyard in Croatia. EXECUTIVE COMPENSATION. Compensation Discussion and Analysis. We have provided what we believe is a competitive compensation package to our. The board of directors also reviews any analyses and recommendations from. The same/compar- Provides benefits to meet the. We consider competitive markets when determining the allocation. We consider market pay. We. believe that a substantial portion of each named executive officer's. Moreover, we believe that our long- term. Base salaries and total compensation are. We believe a competitive base salary is necessary to attract and retain. We. believe that the base salary paid to our executive officers during 2. These awards are consistent with our pay for performance principles and. We do not have. any program, plan or practice of setting the exercise price based on a date or. We. believe that our executive officers should be fairly compensated each year. SFAS 1. 23(R) is used to develop. Rudy receives $5,0. Chief. Financial Officer and to oversee the operations of our subsidiary, Alpha. Net. Hospitality Systems, Inc. Rudy received. options to purchase 2. For the year ended December 3. Mr. Rudy's agreement was renewed. Mr. Rudy will no longer receive stock options and his. As an executive of. Company, Mr. Rudy no longer receives compensation for his services as. Base salaries and total annual cash compensation are. In November, 2. 00. Board. of Directors granted new options pursuant to the 1. Plan expiring August 1. R) for recognition in financial. There were no option grants in 2. William Tan, our CEO and Mr. Ian Edmonds. our former COO both serve as members of our board of directors and participated. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND. RELATED STOCKHOLDER MATTERS. The following table sets forth information concerning the beneficial ownership. Company's Common Stock and Preferred Stock as of March 3. Company to own beneficially more than 5% of the. Common Stock, (ii) each director of Zunicom, Inc., (iii) each of the executive. Zunicom, and (iv) all directors and executive officers of Zunicom as. In addition. shares which a person had the right to acquire within 6. Tan, (ii) stock options to. Placement & Acceptance, Inc., a company of which Mr. Tan is a director. Ventures International. Ltd., a company of which Mr. Tan is a director and officer, of which 2. Caspic International, Inc., an. February 2. 3, 2. The options. expired August 1. No options have been granted under the plan. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR. Related Party transactions. The Company does not have an established policy for the approval of related. Edmonds is considered independent. PRINCIPAL ACCOUNTANT FEES AND SERVICES. The Board has reviewed the following audit and non- audit fees the Company has.
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