UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended November 30, 2016

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ________to _________

 

Commission File Number: 333-182761

 

NHALE, INC.

(Exact name of small business issuer as specified in its charter)

 

Nevada

38-3870905

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

422 E. Vermijo Ave., Suite 19

Colorado Springs, CO

80903

(Address of principal

executive offices)

(Zip Code)

 

Registrant's telephone number, including area code: (719) 219-6336

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 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 past 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 (§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” 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  ¨ No x

 

There were 30,000,000 shares of the registrant’s common stock issued and outstanding as of January 13, 2017.


 
 
 

IMPORTANT INFORMATION REGARDING THIS FORM 10-Q

 

Unless otherwise indicated, references to “we,” “us,” and “our” in this Quarterly Report on Form 10-Q refer to Nhale, Inc.

 

Readers should consider the following information as they review this Quarterly Report:

 

Forward-Looking Statements

 

The statements contained or incorporated by reference in this Quarterly Report on Form 10-Q that are not historical facts are “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements include any statement that may project, indicate or imply future results, events, performance or achievements. The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expect,” “may,” “should,” “intend,” “plan,” “could,” “estimate” or “anticipate” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties.

 

Given the risks and uncertainties relating to forward-looking statements, investors should not place undue reliance on such statements. Forward-looking statements included in this Quarterly Report on Form 10-Q speak only as of the date of this Quarterly Report on Form 10-Q and are not guarantees of future performance. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such expectations may prove to have been incorrect. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements.

 

Except to the extent required by applicable securities laws, we expressly disclaim any obligation or undertakings to release publicly any updates or revisions to any statement or information contained in this Quarterly Report on Form 10-Q, including the forward-looking statements discussed above, to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any statement or information is based.


 
2
 

 

NHALE, INC.

FINANCIAL STATEMENTS ON FORM 10-Q

TABLE OF CONTENTS

 

Part I. Financial Information.

 

 

 

Item 1.

Financial Statements (Unaudited)

 

4

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

9

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risks.

 

11

 

Item 4.

Controls and Procedures.

 

11

 

Part II. Other Information.

 

 

 

Item 1.

Legal Proceedings.

 

12

 

Item 1A.

Risk Factors.

 

12

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

 

12

 

Item 3.

Defaults Upon Senior Securities.

 

12

 

Item 4.

Mine Safety Disclosures.

 

12

 

Item 5.

Other Information.

 

12

 

Item 6.

Exhibits.

 

13

 

Signatures.

 

14

 

3
 

 

Part I. Financial Information

 

Item 1. Financial Statements

 

NHALE, INC.

BALANCE SHEETS

(Unaudited)

 

 

 

November 30,

2016

 

 

May 31,

2016

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

Cash and equivalents

 

$ 11,024

 

 

$ 25

 

Prepaid expenses and other current assets

 

 

400

 

 

 

5,400

 

Total current assets

 

 

11,424

 

 

 

5,425

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$ 11,424

 

 

$ 5,425

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$ 472,889

 

 

$ 370,144

 

Accounts payable, related party

 

 

-

 

 

 

3,907

 

Notes payable in default

 

 

825,000

 

 

 

600,000

 

Short-term notes payable

 

 

225,000

 

 

 

400,000

 

Total current liabilities

 

 

1,522,889

 

 

 

1,374,051

 

 

 

 

 

 

 

 

 

 

Long-term notes payable

 

 

140,000

 

 

 

85,000

 

Total non-current liabilities

 

 

140,000

 

 

 

85,000

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

1,662,889

 

 

 

1,459,051

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

Common stock, $0.0001 par value; 100 million shares authorized, 30,000,000 issued and outstanding at both November 30, 2016 and May 31, 2016.

 

 

3,000

 

 

 

3,000

 

Additional paid in capital

 

 

110,250

 

 

 

110,250

 

Accumulated deficit

 

 

(1,764,715 )

 

 

(1,566,876 )

TOTAL STOCKHOLDERS' DEFICIT

 

 

(1,651,465 )

 

 

(1,453,626 )

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

 

$ 11,424

 

 

$ 5,425

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

 
4
 

 

NHALE, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

 

 

 

Three Months Ended

November 30,

 

 

Six Months Ended

November 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing expenses

 

$ -

 

 

$ 5,000

 

 

$ -

 

 

$ 6,050

 

General and administrative expenses

 

 

31,919

 

 

 

98,188

 

 

 

82,220

 

 

 

200,686

 

Total operating expenses

 

 

31,919

 

 

 

103,188

 

 

 

82,220

 

 

 

206,736

 

Net loss from operations

 

 

(31,919 )

 

 

(103,188 )

 

 

(82,220 )

 

 

(206,736 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME/(EXPENSE)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

(65,744 )

 

 

(39,046 )

 

 

(115,619 )

 

 

(77,484 )

Forgiveness of debt

 

 

-

 

 

 

-

 

 

 

-

 

 

 

140,376

 

Total other income/(expense)

 

 

(65,744 )

 

 

(39,046 )

 

 

(115,619 )

 

 

62,892

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$ (97,663 )

 

$ (142,234 )

 

$ (197,839 )

 

$ (143,844 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share - basic and diluted

 

 

(0.00 )

 

 

(0.00 )

 

 

(0.01 )

 

 

(0.00 )

Weighted average number of shares outstanding

 

 

30,000,000

 

 

 

30,000,000

 

 

 

30,000,000

 

 

 

30,000,000

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

 
5
 

 

NHALE, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

Six Months Ended

November 30,

 

 

 

2016

 

 

2015

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

Net loss

 

$ (197,839 )

 

$ (143,844 )

 

 

 

 

 

 

 

 

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

 

Gain on forgiveness of debt

 

 

-

 

 

 

(140,376 )

 

 

 

 

 

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

 

5,000

 

 

 

-

 

Accounts payable and accrued expenses

 

 

102,745

 

 

 

240,223

 

Accounts payable, related party

 

 

(3,907 )

 

 

4,100

 

Cash used in operating activities

 

 

(94,001 )

 

 

(39,897 )

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

Proceeds from notes payable

 

 

105,000

 

 

 

50,000

 

Cash provided by financing activities

 

 

105,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

 

Net change in cash and equivalents

 

 

10,999

 

 

 

10,103

 

Cash and equivalents, beginning of period

 

 

25

 

 

 

661

 

Cash and equivalents, end of period

 

$ 11,024

 

 

$ 10,764

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

 

 

 

 

 

 

 

 

Cash paid for interest

 

$ -

 

 

$ -

 

Cash paid for income taxes

 

 

-

 

 

 

-

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

 
6
 

 

NHALE, INC.

 

Notes to Financial Statements

(Unaudited)

Note 1. Basis of Presentation

 

The accompanying unaudited interim financial statements of Nhale, Inc. (“NHLE” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K filed with the SEC on October 13, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for our interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the fiscal year ended May 31, 2016, as reported in our annual report on Form 10-K, have been omitted.

 

Nhale, Inc. was incorporated in Nevada on March 8, 2012 as Gankit Corporation, an e-commerce website selling a multitude of consumer products including electronics, appliances, clothing, accessories, sporting goods and gift cards.

 

On May 12, 2014, Riverview Heights, LLC (the “Majority Shareholder”) purchased 20,000,000 shares of common stock of the 30,000,000 total issued and outstanding shares representing 66.67% of the total equity of the Company. On May 13, 2014, John Arnold resigned as Chief Executive Officer and Sole Director and the majority shareholder appointed Lance Williams as Sole Director, Chief Executive Officer and President of the Company.

 

The Company then ceased to operate its e-commerce website and abandoned that business model, and re-focused on the development, branding and distribution of non-flame smoking devices.

 

Note 2. Going Concern

 

The Company has an accumulated deficit of $1,764,715 and has recurring negative cash flows from operations. As a result, the Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

 

These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

In addition to operational expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements. In order to finance these expenditures, the Company has raised capital in the form of debt, which will have to be repaid, as discussed in detail below. The Company has depended on loans from private investors and outside investors for most of its operating capital. The Company will need to raise capital in the next twelve months in order to remain in business.

 

Management anticipates that significant dilution will occur as a result of any future sales of the Company’s common stock and this will reduce the value of its outstanding shares. The Company cannot project the future level of dilution that will be experienced by investors as a result of its future financings, but it will significantly affect the value of its shares.

 

The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

 
7
 

 

Note 3. Notes Payable

 

During the six months ended November 30, 2016, we borrowed an additional $105,000, issuing four promissory notes with issue dates, maturity dates, nominal amounts and interest rates as follows:

 

Issue Date

 

Maturity Date

 

Nominal

Amount

 

Interest

Rate

06/02/16

 

06/02/18

 

 

10,000

 

 

 

15 %

06/17/15

 

06/17/18

 

 

20,000

 

 

 

15 %

08/16/16

 

08/16/18

 

 

50,000

 

 

 

15 %

11/30/16

 

11/30/18

 

 

25,000

 

 

 

15 %

 

During the six months ended November 30, 2016, we accrued $115,619 of interest on our promissory notes collectively.

 

Also during the six months ended November 30, 2016, we reclassified two promissory notes with an aggregate value of $25,000, from long-term to short-term as their maturity dates fell to within twelve months. Additionally, we reclassified four promissory notes with an aggregate value of $225,000 from short-term to Notes Payable in Default as their maturity dates expired without extension. The terms of these notes are that, upon default, a higher interest rate is applied to the outstanding unpaid principal.

 

Our weighted average annual interest rates for the six months ended November 30, 2016 are: for Notes Payable in Default – 22%, Short-Term Notes – 15%, Long-Term Notes - $15%.


 
8
 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion and analysis should be read in connection with the Company’s financial statements and related notes thereto, as included in this report on Form 10-Q, as well as the Company’s annual report on Form 10-K, filed October 13, 2016.

 

Organization and Basis of Presentation

 

Nhale Inc. (“NHLE” or the “Company”) was incorporated as GankIt Corporation in the state of Nevada on March 8, 2012, with a fiscal year end of May 31. Until May 12, 2014, we were an e-commerce business focused on selling a diverse set of products through a website that could either be won through a bidding process or purchased at a discount to the suggested retail price.

 

On May 12, 2014, Riverview Heights, LLC purchased 20,000,000 shares of common stock of the 30,000,000 total issued and outstanding shares common stock of Company, thus becoming the Majority Shareholder (hereafter the “Majority Shareholder”). The Majority Shareholder purchased 12,500,000 shares of common stock from Clark Rohde and 7,500,000 shares of common stock from John Arnold.

 

On May 13, 2014 the Majority Shareholder appointed Lance Williams as Sole Director, Chief Executive Officer and President of the Company; and concurrently therewith accepted the resignation of John Arnold from his positions of Sole Director, Chief Executive Officer and President of the Company. Concurrently the Company filed with the State of Nevada to change its name to Nhale, Inc. to better reflect its revised business model.

 

We have refocused the business plan to production of herbal vaporizer pens and other legal products in the consumer space focusing on the decriminalization of marijuana for medicinal purposes, a significant trend occurring in the U.S. and around the world.

 

Plan of Operations

 

Our plan of operation revolves around the development and commercialization of technologies related to the medical marijuana market. As more states legalize medical marijuana there will be increasing opportunities for us to commercialize new technologies designed for this sector. The first product we have commercialized is the Nhale.

 

The Nhale is a herbal vaporizer pen in a convenient multi-use kit. The multi-purpose kit includes everything needed for vaporizing dry leaf herbs, waxes, oils and e-liquids.

 

The company began development of the Nhale brand in June 2014, obtaining the product through and outsourced manufacturer selected and engaged by the Company.

 

Results of Operations

 

We have not generated any revenues from operations and we cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of an early stage business enterprise, including the financial risks associated with the limited capital resources currently available to us for the implementation of our business strategies (See "Risk Factors", below). To become profitable and competitive over the long run, we must develop our business and marketing plan and execute it.

 

 
9
 

 

Six Months Ended November 30, 2016 versus 2015

 

Sales and marketing

 

Our sales and marketing expenses were zero for the six months ended November 30, 2016 versus $6,050 for the same period in 2015. The Company has not been marketing its products actively.

 

General and administrative expenses

 

Our general and administrative costs were down $118,466 ($82,220 for the six months ended November 30, 2016 versus $200,686 in 2015). This reduction was the net of the change in consulting expenses (a reduction of $150,000), the change in compliance costs (an increase of $29,346) and an increase in office costs and travel (an increase of $2,188).

 

Interest expense

 

Interest expense went from $77,484 for the six months ended November 30, 2015 to $115,169 for the same period in 2016, owing to higher debt levels. Additionally, as explained in Note 3 to the financial statements, we carry a higher weighted average interest rate for debt which is in default at the balance sheet date. The amount of debt in default has increased.

 

Forgiveness of debt

 

We recorded forgiveness of debt income of $140,376 during the six months ended November 30, 2015 when we signed an agreement with our former Chief Executive Officer, John Arnold, to settle our obligation to him. We had no such forgiveness of debt income in the current year.

 

Three Months Ended November, 2016 versus 2015

 

Sales and marketing

 

Our sales and marketing expenses were zero for the three months ended November 30, 2016 versus $5,000 for the same period in 2015. The Company has not been marketing its products actively.

 

General and administrative expenses

 

Our general and administrative costs were down $66,269 ($31,919 for the three months ended November 30, 2016 versus $98,188 in 2015). This reduction was the net of the change in consulting expenses (a reduction of $75,000), the change in compliance costs (an increase of $7,735) and an increase in office costs and travel (an increase of $996).

 

Interest expense

 

Interest expense went from $39,046 for the three months ended November 30, 2015 to $65,744 for the same period in 2016, owing to higher debt levels. Additionally, as explained in Note 3 to the financial statements, we carry a higher weighted average interest rate for debt which is in default at the balance sheet date. The amount of debt in default has increased.

 

Liquidity and Capital Resources

 

As of November 30, 2016, the Company had current assets of $11,424, comprised of cash and cash equivalents of $11,024 and other current assets of $400.

 

We had negative working capital of $1,511,465 and a deficit accumulated of $1,764,715 as of November 30, 2016.

 

 
10
 

 

Cash Flows from Operating Activities

 

During the six months ended November 30, 2016 and 2015 the Company used cash in operating activities of $94,001 and $39,897, respectively. The majority of this difference arises from differences in the net loss for those two periods.

 

Cash Flows from Investing Activities

 

There were no cash flows provided or used in investing activities for the three months ended November 30, 2016 nor 2015.

 

Cash Flows from Financing Activities

 

During the six months ended November 30, 2016, we received $105,000 in proceeds from four promissory notes. During the same period in 2015, we had $50,000 of such proceeds.

 

Capital Requirements

 

If we do not raise any additional capital we will not be able to implement any facets of our business plan.

 

We intend to pursue capital through public or private financing as well as borrowings and other sources, such as our equity backed loans in order to finance our business activities. We cannot guarantee that additional funding will be available on favorable terms, if at all. If adequate funds are not available, then our ability to continue our operations may be significantly hindered.

 

We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of an early stage business enterprise, including the financial risks associated with the limited capital resources currently available to us for the implementation of our business strategies (See "Risk Factors", above). To become profitable and competitive over the long run, we must develop our business and marketing plan and execute such plan. Our management will attempt to secure financing through various means including borrowing and investment from institutions and private individuals.

 

Our independent auditor has expressed substantial doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability to implement our business plan, raise capital and generate revenues. See Note 2 of our financial statements.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risks

 

As a smaller reporting company, we are not required to provide the information required by this Item.

 

Item 4. Controls and Procedures

 

Our principal executive officer evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a – 15(e) and 15d – 15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act, is recorded, processed, summarized and reported within the time periods required under the SEC’s rules and forms and that the information is gathered and communicated to our management, including our principal executive officer as appropriate, to allow for timely decisions regarding required disclosure as of the end of the period covered by this report. Based on this evaluation, our principal executive officer concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report due to a lack of segregation of duties and an absence of written policies and procedures for accounting and financial reporting.

 

Change in Internal Controls Over Financial Reporting

 

There were no changes in our internal control over financial reporting that occurred during the quarter ended November 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


 
11
 

 

Part II. Other Information

 

Item 1. Legal Proceedings

 

From time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results of operations. We may become involved in material legal proceedings in the future.

 

Item 1A. Risk Factors

 

There have been no material changes from the risk factors previously disclosed in the Company’s annual report on Form 10-K, filed with the Commission on October 13, 2016, and investors are encouraged to review such risk factors prior to making an investment in the Company.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

There were no unregistered sales of equity securities during the quarter ended November 30, 2016.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

Not applicable.

 

 

12

 

 

Item 6. Exhibits

 

Exhibit No.

Description of Exhibit

31.1*

Certification of Principal Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act.

32.1**

Certification of Principal Executive Officer and Principal Accounting Officer Pursuant to Section 906 of the Sarbanes-Oxley Act

101.INS++

XBRL Instance Document

101.SCH++

XBRL Taxonomy Extension Schema Document

101.CAL++

XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF++

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB++

XBRL Taxonomy Extension Label Linkbase Document

101.PRE++

XBRL Taxonomy Extension Presentation Linkbase Document

______________

* Filed herewith.

 

 

** Furnished herewith.

 

 

++ XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 

 
13
 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Nhale, Inc.

Date: January 13, 2017

By:

/s/ Lance Williams

Lance Williams

Chairman of the Board and CEO

(Principal Executive Officer and Principal Accounting Officer)

 

 

 

14

 

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