BLUE RIDGE REAL ESTATE COMPANY BLUE RIDGE REAL ESTATE COMPANY
AND SUBSIDIARIES
5 Blue Ridge Court
P O Box 707
Blakeslee, PA 18610
2022
SECOND QUARTER REPORT
As of April 30, 2022 (Unaudited) and October 31, 2021 (Audited)
and for the Three and Six Months Ended April 30, 2022 and 2021 (Unaudited)
The accompanying unaudited interim financial statements have been prepared by the Company's management.
Independent auditors have performed a review of these financial statements.
Blue Ridge Real Estate Company | 2022 Second Quarter Report |
Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
BLUE RIDGE REAL ESTATE COMPANY
AND SUBSIDIARIES
a Pennsylvania Corporation
5 Blue Ridge Court
P O Box 707
Blakeslee, PA 18610
Telephone: 570-443-8433
Website:www.brreco.com
Email:info@brreco.com
SIC code: 6500
Quarterly Report
For the Period Ending: April 30, 2022
(the "Reporting Period")
As of April 30, 2022, the number of shares outstanding of our Common Stock was: 2,408,599
As of January 31, 2022, the number of shares outstanding of our Common Stock was: 2,408,599
As of October 31, 2021, the number of shares outstanding of our Common Stock was: 2,408,599
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of
1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes: ☐ | No: ☒ |
Indicate by check mark whether the company's shell status has changed since the previous reporting period:
Yes: ☐ | No: ☒ |
Indicate by check mark whether a Change in Control of the company has occurred over this reporting period:
Yes: ☐ | No: ☒ |
- Name and address(es) of the issuer and its predecessors (if any)
The name of the issuer is Blue Ridge Real Estate Company ("Blue Ridge", the "Company", "we", "our," or "us").
Blue Ridge Real Estate Company was incorporated in Pennsylvania on August 8, 1911 and its current standing in Pennsylvania is active.
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Blue Ridge Real Estate Company | 2022 Second Quarter Report |
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception: None.
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months: None.
The address(es) of the issuer's principal executive office: 5 Blue Ridge Court, P O Box 707, Blakeslee, Pa 18610. The address(es) of the issuer's principal place of business:
Check box if principal executive office and principal place of business are the same address: ☒
Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: ☐ | No: ☒ | ||
2) | Security Information | ||
Trading Symbol: | BRRE | ||
Exact title and class of securities outstanding: | Common Stock | ||
CUSIP: | 096005301 | ||
Par or Stated Value: | $0.30 per share | ||
Total shares authorized: | 6,000,000 as of April 30, 2022 | ||
Total shares outstanding: | 2,408,599 as of April 30, 2022 | ||
Number of shares in the Public Float: | 983,446 as of April 30, 2022 | ||
Total number of shareholders of record: | 113 as of April 30, 2022 |
Transfer Agent
Name: American Stock Transfer & Trust Company, LLC
Phone: 800-937-5449 or 718-921-8124
Website:www.astfinancial.com
Email:help@astfinancial.com
Address: Operations Center, 6201 15th Avenue, Brooklyn, NY 11219
Is the Transfer Agent registered under the Exchange Act? | Yes: ☒ | No: ☐ |
- Issuance History
The Company has not issued any shares of the Company's common stock in exchange for services during the past two completed fiscal years or any subsequent interim period.
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Blue Ridge Real Estate Company | 2022 Second Quarter Report |
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent period:
Number of Shares | |||||||||
outstanding as of | |||||||||
November 1, 2019 | |||||||||
Opening Balance: | |||||||||
Common:2,427,368 | |||||||||
Preferred: 0 | |||||||||
Date of | Transaction | Number | Class of | Value of | Were the | Individual / Entity | Reason for | Restricted or | Exemption |
Transaction | type (e.g. | of Shares | Securities | shares | shares | Shares were issued | share | Unrestricted | or |
new | Issued (or | issued | issued at | to (entities must | issuance | as of this | Registration | ||
issuance, | cancelled) | ($/per | a | have individual | (e.g. for | filing? | Type? | ||
cancellation, | share) at | discount | with | cash or debt | |||||
shares | issuance | to market | voting/investment | conversion) | |||||
returned to | price at | control disclosed). | OR Nature | ||||||
treasury) | the time | of Services | |||||||
of | Provided if | ||||||||
issuance? | applicable | ||||||||
(Yes/No) | |||||||||
9/2/2020 | Cancellation | 125 | Common | ||||||
3/4/2021 | Cancellation | 241 | Common | ||||||
3/5/2021 | Cancellation | 18,291 | Common | ||||||
9/3/2021 | Cancellation | 112 | Common | ||||||
Shares Outstanding on | |||||||||
April 30, 2022: | |||||||||
Ending Balance | |||||||||
Common: 2,408,599 | |||||||||
Preferred: 0 |
During the fiscal year ended October 31, 2021, the Company repurchased 18,644 shares of its common stock. Upon transfer, all shares were cancelled and returned to the status of authorized but unissued. No shares were repurchased during the six months ended April 30, 2022.
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Blue Ridge Real Estate Company | 2022 Second Quarter Report |
B. Debt Securities, Including Promissory and Convertible Notes
Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☒
Date of | Outstanding | Principal | Interest | Maturity | Conversion Terms (e.g. pricing | Name of | Reason for |
Note | Balance ($) | Amount | Accrued | Date | mechanism for determining | Noteholder | Issuance (e.g. |
Issuance | at | ($) | conversion of instrument to | Loan, | |||
Issuance | shares) | Services, | |||||
($) | etc.) | ||||||
- Financial Statements
-
The following financial statements were prepared in accordance with:
☒ U.S. GAAP ☐ IFRS - The financial statements for this reporting period were prepared by Name: Cynthia A. Van Horn
Title: Chief Financial Officer and Treasurer
Relationship to Issuer: Principal Financial Officer
The following financial statements of the company are included in this Quarterly Report at the pages noted below:
Balance Sheetsas of | Page |
April 30, 2022 (Unaudited) and October 31, 2021 | 10 |
Statements of Operationsfor the | |
Three and Six Months ended April 30, 2022 and 2021 (Unaudited) | 11 |
Statements of Comprehensive Income (Loss)for the | |
Six Months ended April 30, 2022 and 2021 (Unaudited) | 12 |
Statements of Changes in Shareholders' Equityfor the | |
Six months ended April 30, 2022 (Unaudited) | 13 |
Statements of Cash Flowsfor the | |
Six Months Ended April 30, 2022 and 2021 (Unaudited) | 14 |
Notes to Financial Statements(Unaudited) | 15 |
Management's Discussion and Analysis | 24 |
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Blue Ridge Real Estate Company published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 20:52:12 UTC.
