CUSIP No. 439338 20 3
NEVADA
There are 2,013,500,000 shares of common stock, $.001 par value, issued and outstanding as of March 31,
2010.
There are 9,000,000 shares of Series A and B Convertible Preferred Stock issued and outstanding as of
March 31, 2010.
FINANCIAL STATEMENTS
The financial statements of Hop-on, Inc. (the "Company"), included herein were prepared, without audit,
pursuant to generally accepted accounting principles in the United States of America.
BALANCE SHEET
March 31, 2010
TOTAL ASSETS
Total Liabilities
Shareholders' Equity
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
See notes to consolidated financial statements
STATEMENT OF OPERATIONS
For the three months ended March 31, 2010
Sales
Cost of Sales
General and Administrative Expenses
Net Ordinary Income
Other Income
Other Income
Net Income before Taxes
Provision for Income Taxes
See notes to consolidated financial statements
STATEMENT OF CASH FLOW
For the three months ended March 31, 2010
OPERATION ACTIVITIES
To net cash provided by operations:
INVESTING ACTIVITIES
FINANCING ACTIVITES
Cash at end of period
NOTES TO FINANCIAL STATEMENTS
NOTE 1- The value of the Intangible Asset- Patents went from $1,000,000 on June 30, 2007 to
$131,145 due to a correction in accounting procedures. GAAP states that patents need to be posted at
the cost invested in getting the patent, not at what the patent is worth.
NOTE 2- ORGANIZATION AND BUSINESS ACTIVITIES
Hop-on, Inc. and subsidiary ("the Company") was formed under the laws of Nevada on March
16, 1993 under the name of New Discoveries Publishing Corporation and adopted later as
NWDP.com, Inc. In May 2005, the Company changed its name to Hop-on, Inc. The Company was
also qualified to transact business in the State of California on March 24, 1999.
In 2001 the Company shifted emphasis to develop and market wireless phone products. The
Company is the developer and manufacturer of the world's first disposable, recyclable and contract
free cell phone. Its initial IS-95 CDMA phones provided a much-needed alternative to full service
cellular contracts and prepaid calling. The Company targets its phones to both emerging market
carriers, domestic and international carriers, and resellers needing an entry level priced phone.
Beginning in 2002 through 2004, the Company secured essential patents and licensing
agreement for GSM and GPRS technology from Nokia, NEC, Alcatel, Siemens, Phillips, Motorola,
Lucent Technologies and Ericsson. 2003, The Company authorized a preferred series of stock for
10,000,000 shares. The Company began shipping to the Mexican market homologated phones with
the largest carrier in Latin America. The Company also continued to sell various cell phone
accessories throughout the United States.
began development of WiFi cell phone technology. The Company's ever expanding line of products
included three new CDMA phones models, as well as phones featuring cameras and MP3 players.
Hop-on also continued to ship phones to the largest Mexican wireless carrier and introduced GSM
technology to the U.S. market.
In 2007, the Company expanded the company into the Internet gaming market with the source
for legal Internet gambling to be played over personal cell phones and PDAs. Hop-on is currently in
beta testing for the gaming software and has plans for the full-scale launch of this new venture as soon
as the licenses are obtained. Peter Michaels' Modified Judgment in his Criminal Case, Plead Guilty to
Conspiracy to Launder Illegal Proceeds and received 3 years probation, electronic Monitoring (home
arrest) for a 180 days, $100 Assessment (satisfied 11/18/05) and a $2,000 fine (satisfied 11/18/05)
In 2008, Hop-on continued to promote and homologate its phones in the U.S. and abroad. The
brought five new phones to market. Hop-on is also in final negotiations for a Joint Venture with a
foreign OEM (Original Equipment Manufacturer) to increase shareholder equity and its asset base.
In 2009, Hop-on lost a major sale of phones to a distributor in Mexico. Hop-on also dissolved
acquisition for Fraud and Breach of Contract. The opposition received a default judgment against Hop-
on. Hop-on, will file to set the default aside and pursue litigation. Hop-on signed distribution
agreement with USACIG, Inc for distributing "The Electric Cigarette and The Electric Cigar" Hop-on
also signed a distribution agreement with Re-Medical for distribution of its heath care products.
In 2010, Hop-on signed an exclusive distribution agreement with USAcig, Inc. for the
authorized.
Date: March 31, 2010