UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
 
FORM 10-Q
 

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

For the quarterly period ended March 31, 2012

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

Commission file number 333-150954

GUARDIAN 8 HOLDINGS
(Exact name of registrant as specified in its charter)

Nevada
26-0674103
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)

15230 N. 75th Street
Suite 1002
Scottsdale, Arizona  85260
(Address of principal executive offices)

(913) 317-8887
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 ¨  (Do not check if a smaller reporting company) 
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

The number of shares of Common Stock, $0.001 par value, outstanding on May 8, 2012, was 27,386,731, including 299,413 shares authorized but unissued.
 
 
 
 
TABLE OF CONTENTS
 
Part I - Financial Information
Page
     
Item 1.
1
Item 2.
13
Item 3. 
15
Item 4.
15
     
Part II - Other Information
  
     
Item 1. 
16
Item 1A. 
16
Item 2. 
16
Item 3.  
17
Item 4. 
17
Item 5.
17
Item 6.
18
 
19
 
 
 
 
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements

GUARDIAN 8 HOLDINGS
(A Development Stage Company)
  
Condensed Balance Sheets
  
             
   
March 31,
    
December 31,
  
   
2012
    
2011
  
         
(Audited)
  
Assets            
             
Current assets:
            
Cash
  
$
-
    
$
195,894
  
Prepaid expenses
    
21,641
      
64,141
  
     Total current assets
    
21,641
      
260,035
  
                 
Fixed assets, net of accumulated depreciation of $167 and $0
  as of March 31, 2012 and December 31, 2011
    
4,838
      
-
  
                 
Website, net of accumulated amortization of $4,556 and $2,604
   as of March 31, 2012 and December 31, 2011
    
18,877
      
20,830
  
                 
Patent, net of accumulation amortization of $1,462 and $1,333
   as of March 31, 2012 and December 31, 2011
    
8,923
      
9,052
  
                 
          Total assets
  
$
54,279
    
$
289,917
  
                 
Liabilities and Stockholders’ Equity
                
                 
Current liabilities:
                
Accounts payable
  
$
24,320
    
$
34,840
  
Accrued interest
    
12,360
      
2,810
  
Notes payable, related party - net of discount of $30,984 and $31,325
   as of March 31, 2012 and December 31, 2011
    
351,016
      
275,675
  
     Total current liabilities
    
387,696
      
313,325
  
                 
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; issued and outstanding of 26,892,318 and 27,412,318  
at March 31, 2012 and December 31, 2011, respectively
    
26,892
      
27,412
  
Common stock owed but not issued: 195,000 and 0
at March 31, 2012 and December 31, 2011
    
195
      
-
  
Paid in Capital
    
1,728,287
      
1,560,123
  
Retained deficit
    
(2,088,791
)
    
(1,610,943
)
     Total stockholders’ equity
    
(333,417
)
    
(23,408
)
                 
          Total liabilities and stockholders’ equity (deficit)
  
$
54,279
    
$
289,917
  
 
The accompanying notes are an integral part of the condensed financial statements.
 
 
1
 
GUARDIAN 8 HOLDINGS
(a Development Stage Company)
Condensed Statements of Operations
 
   
Three Months Ended
March 31,
    
For the period from
June 8, 2009
(Inception) to
March 31,
  
   
2012
    
2011
    
2012
  
                   
Revenue
  
$
-
    
$
-
    
$
-
  
                         
Cost of sales
    
-
      
-
      
-
  
                         
Gross profit
    
-
      
-
      
-
  
                         
Expenses:
                        
   Depreciation and Amortization
    
2,249
      
129
      
6,186
  
   General and administrative expenses
    
422,120
      
55,011
      
1,709,241
  
     
424,369
      
55,140
      
1,715,427
  
                         
Loss from operations
    
(424,369
)
    
(55,140
)
    
(1,715,427
)
                         
Other income (expense):
                        
   Interest expense
    
(53,479
)
    
-
      
(68,749
)
   Interest income
    
-
      
-
      
-
  
     
(53,479
)
    
-
      
(68,749
)
                         
Loss before income tax
    
(477,848
)
    
(55,140
)
    
(1,784,176
)
                         
Provision for income tax expense
    
-
      
-
      
-
  
                         
Net loss
  
$
(477,848
)
  
$
(55,140
)
  
$
(1,784,176
)
                         
Net (loss) per share - basic and fully diluted
  
$
(0.02
)
  
$
(0.00
)
        
                         
Weighted average shares outstanding
    
27,570,560
      
26,802,318
          

The accompanying notes are an integral part of these condensed consolidated financial statements.
 
 
2
 
GUARDIAN 8 HOLDINGS
(a Development Stage Company)
Condensed Statements of Cash Flows
 
   
Three Months Ended
March 31,
    
For the period from
June 8, 2009
(Inception) to
March 31,
  
   
2012
    
2011
    
2012
  
Operating activities:
                  
                   
Net loss
  
$
(477,848
)
  
$
(55,140
)
  
$
(1,784,176
)
Adjustments to reconcile net (loss) to
    net cash (used) in operating activities:
                        
   Stock issued for services
    
22,250
      
-
      
216,000
  
   Stock issued for compensation
    
102,000
      
-
      
255,750
  
   Depreciation and amortization
    
2,249
      
129
      
6,186
  
  Amortization of discount on notes payable
    
43,930
      
-
      
56,389
  
Change in assets and liabilities -
                        
   Prepaid expenses
    
42,500
      
-
      
(21,641
)
   Accounts payable
    
(10,520
)
    
(4,992
)
    
24,320
  
  Accrued interest
    
9,550
      
-
      
12,360
  
   Due to related party
    
-
      
-
      
(184,250
)
Cash provided by operating activities
    
(265,889
)
    
(60,003
)
    
(1,419,062
)
                         
Investing activities:
                        
  Purchase of fixed assets
    
(5,005
)
    
-
      
(5,005
)
  Purchase of website
    
-
      
-
      
(23,433
)
Cash used in investing activities
    
(5,005
)
    
-
      
(28,438
)
                         
Financing activities:
                        
Proceeds from common stock sales
    
-
      
-
      
1,065,500
  
Proceeds from notes payable, related party
    
75,000
      
-
      
392,000
  
Payments on notes payable, related party
    
-
      
-
      
(10,000
)
Cash used in financing activities
    
75,000
      
-
      
1,447,500
  
                         
Increase in cash
    
(195,894
)
    
(60,003
)
    
-
  
Cash, beginning of period
    
195,894
      
290,829
      
-
  
Cash, ending of period
  
$
-
    
$
230,826
    
$
-
  
                         
Supplemental cash flow information:
                        
   Interest paid
  
$
-
    
$
-
    
$
12,460
  
   Income taxes paid
  
$
-
    
$
-
    
$
-
  
                         
   Stock issued for services
  
$
22,250
    
$
-
    
$
216,000
  
   Shares issued for services
  
$
45,000
    
$
-
    
$
2,755,000
  
                         
   Stock issued for compensation
  
$
102,000
    
$
-
    
$
255,750
  
   Shares issued for compensation
  
$
330,000
    
$
-
    
$
945,000
  
                         
   Stock issued for payment on due to related party
  
$
-
    
$
-
    
$
115,750
  
   Shares issued for payment on due to related party
  
$
-
    
$
-
    
$
463,000
  

The accompanying notes are an integral part of the condensed consolidated financial statements.
 
 
3
 
Guardian 8 Holdings
(A Development Stage Company)
Notes to Condensed Financial Statements
For the Three Months Ended March 31, 2012

Note 1 - Company Organization and Summary of Significant Accounting Policies
 
Organization
Guardian 8 Corporation (“Guardian 8”) was incorporated in Nevada on June 8, 2009 as Guardian 6 Corporation.  In August of 2009, we changed our name to Guardian 8 Corporation.  Our principle offices are located in Scottsdale, Arizona.  We are a development stage company in the process of developing a personal security device that incorporates defensive measures to help guard against personal attack.
 
Effective November 30, 2010, we merged with Global Risk Management & Investigative Solutions (“Global Risk”), a public company with its common stock registered with the United States Securities and Exchange Commission under section 12g.  We merged into a newly formed wholly owned subsidiary of Global Risk, with the Company being the surviving corporation.  Post merger, Global Risk changed its name to Guardian 8 Holdings.
 
As of March 31, 2012, we have had no revenues and have had only limited operations; therefore, we are classified as a development stage company.
 
Cash and cash equivalents
Cash and cash equivalents include all cash balances in non-interest bearing accounts and money-market accounts. The Company places its temporary cash investments with quality financial institutions.  At times such investments may be in excess of Federal Deposit Insurance Corporation (FDIC) insurance limit. The Company does not believe it is exposed to any significant credit risk on cash and cash equivalents. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of March 31, 2012 and December 31, 2011.
 
Revenue recognition
It is the Company’s policy that revenues will be recognized in accordance with ASC subtopic 605-10, “Revenue Recognition”.  The company will therefore recognize revenue from sales of product upon delivery to its customers where the fee is fixed or determinable, and collectability is probable. Cash payments received in advance will be recorded as deferred revenue. There were no revenues for the three-months ended March 31, 2012 and the year ended December 31, 2011.

Warranty
We intend to offer a 90-day warranty on our core product with an opportunity to upgrade to a one year limited warranty (for a fee) on our device.  These fees are intended to cover the handling and repair costs and include a profit.  Extended warranties which provide additional coverage beyond the limited warranty, ranging from one to four years, are anticipated to be offered for specified fees. Revenue derived from the sale of extended warranties will be deferred and amortized over the duration of the warranty period with the customer.

Research and Development costs
The Company expenses all costs of research and development as incurred. There are R&D costs included in other general and administrative expenses of $189,064 and $35,793 for the three-months ended March 31, 2012 and the year ended December 31, 2011, respectively.
 
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
 
 
4
 
Fair value of financial instruments
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2011 and March 31, 2012. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, accounts payable and amounts due to related party.  Fair values were assumed to approximate carrying values because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.  See Note 8 for further details.
 
Impairment of long-lived assets
The Company reviews its long-lived assets periodically to determine potential impairment by comparing the carrying value of the long-lived assets with the estimated future cash flows expected to result from the use of the assets, including cash flows from disposition. Should the sum of the expected future cash flows be less than the carrying value, the Company would recognize an impairment loss. An impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value of the long-lived assets and intangibles.  The Company recognized no impairment losses in the three-months ended March 31, 2012 and the year ended December 31, 2011.

Loss per share
Loss per share is provided in accordance with ASC subtopic 260-10 (formerly Statement of Financial Accounting Standards No. 128).  Basic loss per share is computed by dividing the earnings available to shareholders by the weighted average number of shares outstanding during the period.  For the three months ended March 31, 2012 and 2011, the denominator in the diluted earnings per share computation is the same as the denominator for basic earnings per share due to the anti-dilutive effect of the warrants on the Company’s net loss.

Dividends
We do not anticipate the payment of cash dividends on our common stock in the foreseeable future.

Income Taxes
The Company follows ASC subtopic 740-10 (formerly Statement of Financial Accounting Standard No. 109, “Accounting for Income Taxes”) for recording the provision for income taxes.  ASC 740-10 requires the use of the asset and liability method of accounting for income taxes.  Under the asset and liability method, deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled.  Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.  Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
 
Year end
The Company has adopted December 31 as its year end.

Recent pronouncements
In May 2011, the Financial Accounting Standards Board (FASB), issued Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS under ASU 2011-04, or ASU 2011-04. ASU 2011-04 amends ASC 820, Fair Value Measurements (ASC 820), providing a consistent definition and measurement of fair value, as well as similar disclosure requirements between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles, clarifies the application of existing fair value measurement and expands the ASC 820 disclosure requirements, particularly for Level 3 fair value measurements. ASU 2011-04 will be effective for the Company's third quarter of fiscal year 2012. The amendments in ASU 2011-04 are to be applied prospectively. The adoption of ASU 2011-04 is not expected to have a material effect on the Company's condensed financial statements, but may require certain additional disclosures.
 
 
5
 
In June 2011, the FASB issued Presentation of Comprehensive Income under ASU 2011-05 or ASU 2011-05. ASU 2011-05 requires the presentation of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. ASU 2011-05 will be effective for the Company's first quarter of fiscal year 2013. The adoption of ASU 2011-05 may require a change in the presentation of the Company's comprehensive income from the statement of capital shares and equities to the presentation of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. The amendments in ASU 2011-05 are to be applied retrospectively. The adoption of ASU 2011-05 is not expected to have a material effect on the Company's condensed financial statements.
 
In September 2011, the FASB issued Testing Goodwill for Impairment under ASU 2011-08, which is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities with the option of performing a qualitative assessment to determine whether impairment testing is necessary. The revised standard will be effective for annual and interim goodwill impairment tests performed beginning in the first quarter of fiscal year 2012, with early adoption permitted under certain circumstances. The Company is currently evaluating options related to early adoption.
 
Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not or are not believed by management to have a material impact on the Company's present or future financial statements
 
International Financial Reporting Standards:
 
In November 2008, the Securities and Exchange Commission (“SEC”) issued for comment a proposed roadmap regarding potential use of financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. Under the proposed roadmap, the Company would be required to prepare financial statements in accordance with IFRS in fiscal year 2014, including comparative information also prepared under IFRS for fiscal 2013 and 2012. The Company is currently assessing the potential impact of IFRS on its financial statements and will continue to follow the proposed roadmap for future developments.
 
Note 2 - Going Concern
 
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles which contemplate continuation of the company as a going concern.  We have an accumulated deficit of $2,088,791 as of March 31, 2012. Our current liabilities exceeded our current assets by $366,055 as of March 31, 2012. In view of the matters described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon our continued operations, which in turn is dependent upon our ability to raise additional capital and obtain financing. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.
 
Note 3 - Notes payable
 
In October of 2011, the company received $100,000 from a related party to issue a convertible note payable, bearing interest at a rate of 10% per annum, and maturing in April of 2012.  The note is not secured and is convertible into common stock at $0.35 per share which was the market value on the day the note was executed.  With the note, the Company issued 100,000 warrants to purchase common shares of the Company. The warrants have a term of three years and a strike price of $0.35 per share.  The warrants issued with the note were valued using the Black-Scholes option pricing model and bifurcated out of the note proceeds and recorded as additional paid in capital in the amount of $25,172.  A discount on the note payable was recorded in the same amount and will be amortized into interest expense over the six-month life of the note using the interest method.  For the year ended December 31, 2011, $10,926 was amortized into interest expense and the remaining discount was $14,246 as of December 31, 2011.  For the three-months ended March 31, 2012, an additional $12,586 was amortized into interest expense and the remaining discount was $1,660 as of March 31, 2012.  In April of 2012, this note and the related accrued interest were converted into 299,413 shares of common stock.
 
In December of 2011, the company received $207,000 from various related parties to issue convertible note payables, bearing interest at a rate of 10% per annum, and maturing in June of 2012.  The note is not secured and is convertible into common stock at $0.20 per share.  The market value on the day the note was executed was $0.105.  With the note, the Company issued 207,000 warrants to purchase common shares of the Company. The warrants have a term of three years and a strike price of $0.25 per share.  The warrants issued with the note were valued using the Black-Scholes option pricing model and bifurcated out of the note proceeds and recorded as additional paid in capital in the amount of $18,613.  A discount on the note payable was recorded in the same amount and will be amortized into interest expense over the six-month life of the note using the interest method.  For the year ended December 31, 2011, $1,534 was amortized into interest expense and the remaining discount was $17,079 as of December 31, 2011. For the three-months ended March 31, 2012, an additional $9,306 was amortized into interest expense and the remaining discount was $7,772 as of March 31, 2012.
 
 
6
 
In January of 2012, the company received $75,000 from various related parties to issue convertible note payables, bearing interest at a rate of 10% per annum, and maturing in July of 2012.  The note is not secured and is convertible into common stock at $0.20 per share.  The market value on the day the note was executed was $0.40.  With the note, the Company issued 75,000 warrants to purchase common shares of the Company. The warrants have a term of three years and a strike price of $0.25 per share.  The warrants issued with the note were valued using the Black-Scholes option pricing model and bifurcated out of the note proceeds and recorded as additional paid in capital in the amount of $43,589.  A discount on the note payable was recorded in the same amount and will be amortized into interest expense over the six-month life of the note using the interest method.  For the three-months ended March 31, 2012, 22,037 was amortized into interest expense and the remaining discount was $21,552 as of March 31, 2012.
 
Total interest expense and amortization of discount on notes payable was $53,479 for the three-months ended March 313, 2012 and $15,271 for the year ended December 31, 2011.
 
Note 4 - Patent
 
In June of 2009, concurrent with our incorporation, one of our officers and directors, agreed to transfer all rights, title and interest in the patent he held for a personal security device in exchange for 19,000,000 shares of our common stock and $300,000.  $25,000 was to be paid in July of 2009 and the rest was to be paid as funds became available from common stock sales.  Before the end of 2009, he returned 4,000,000 shares for cancellation in exchange for no consideration.  The patent has been valued at $10,365 which is the historical cost.  The value of the cash, note payable, and stock given exceeded the historical cost of the patent by $304,615.  This amount was recorded as a reduction of retained earnings.  The total cost of the patent is being amortized over the 20 year life of the patent.  Amortization costs were $516 for each of the years ended December 31, 2011 and 2010.

The $300,000 due to related party was paid (i) $25,000 in June of 2009, (ii) $131,500 in May of 2010, (iii) $115,750 was converted to 463,000 shares at $.25 per share in May of 2010, and (iiii) $27,750 in August of 2010 leaving no balance due as of December 31, 2010.  The issuance of stock for the debt was at the same price being offered in the private placement memo during May of 2010.

No interest expense has been imputed or paid relating to these amounts.

Note 5- Stockholder’s equity
 
The Company is authorized to issue up to 100,000,000 shares of common stock and 10,000,000 shares of preferred stock.  Both classes of stock have a par value of $0.001.
 
In June of 2009, concurrent with our incorporation, one of our officers and directors, agreed to transfer all rights, title and interest in the patent he held in the personal security device in exchange for 19,000,000 shares of our common stock and $300,000.  Before the end of 2009, he returned 4,000,000 shares for cancellation in exchange for no consideration.  During the year ended December 31, 2010, 500,000 more shares were returned for cancellation in exchange for no consideration.
 
In June of 2009, 4,000,000 shares were sold to four investors for a total purchase price of $100,000 or $0.025 per share.
 
In June of 2009, 2,000,000 shares were issued to an officer of the Company in exchange for his services as President and General Manager.  Those shares were valued at $0.025 per share and $50,000 was expensed as compensation.
 
In June of 2009, 150,000 shares were issued to an attorney in exchange for legal services.  Those shares were valued at $0.025 per share and $3,750 was expensed as legal expense.
 
In December of 2009, 100,000 shares were issued to a consultant in exchange for business development consulting services.  Those shares were valued at $0.25 per share and $25,000 was expensed as consulting expense.
 
 
7
 
As of December 31, 2009, there were 21,250,000 common shares outstanding and no preferred shares outstanding.
 
During the year ended December 31, 2010, 210,000 shares were issued for services.  Those shares were valued at $0.25 and $52,500 was expensed.
 
During the year ended December 31, 2010, $115,750 due to a related party was converted at $0.25 per share into 463,000 shares (See Note 4).
 
During the year ended December 31, 2010 we offered two Private Placement Memorandums for the sale of common stock at $0.25 per share.  In accordance with the first offering, we have sold 2,462,000 shares of common stock for $615,500.  In accordance with the second offering, we have sold 1,400,000 shares of common stock for $350,000.
 
During the year ended December 31, 2010, 255,000 shares were issued to the directors for compensation.  Those shares were valued at $0.25 and $63,750 was expensed.
 
Effective November 30, 2010, we merged with Global Risk Management & Investigative Solutions (“Global Risk”), a public company with its common stock registered with the United States Securities and Exchange Commission under section 12g.  We merged into a newly formed wholly owned subsidiary of Global Risk, with the Company being the surviving corporation.  Post merger, Global Risk changed its name to Guardian 8 Holdings.
 
As of December 31, 2010, there were 26,802,318 common shares outstanding and no preferred shares outstanding.
 
During the year ended December 31, 2011, the Company issued a total of 610,000 shares of common stock.  All were valued at $0.25.  360,000 shares were issued to the board of directors for compensation valued at $90,000; 140,000 shares were issued for legal services valued at $35,000; and 110,000 shares were issued for consulting services valued at $27,500.

As of December 31, 2011, there were 27,412,318 common shares outstanding and no preferred shares outstanding.

During the three-months ended March 31, 2012, the Company authorized a total of 330,000 shares of common stock for compensation.  180,000 shares were issued to the board of directors, at the market price of $0.40, for a total expense of $72,000.  150,000 was authorized to an employee, at the market price of $0.20, for a total expense of $30,000.  As of March 31, 2012, the 150,000 shares have not been issued and are shown on these financial statements as common stock owed but not issued.

During the three-months ended March 31, 2012, the Company authorized the issuance of 45,000 shares for $22,250 worth of services.  The stock was valued at the value of the services received.  As of March 31, 2012, the 45,000 shares have not been issued and are shown on these financial statements as common stock owed but not issued.
 
During the three-months ended March 31, 2012, the Company reached a settlement with a former contractor, whereby the contractor surrendered 700,000 shares of common stock for cancellation.  The Contractor had received the shares in prior periods for services to be rendered.  The Company felt that the services had not been rendered and the settlement was reached.  The Company has cancelled the shares.

As of March 31, 2012, there were 26,892,318 common shares issued and outstanding, 195,000 common shares owed but not issued, and no preferred shares issued.

 
8
 
Note 6 - Options and Warrants
 
Options
 
As of March 31, 2012 and December 31, 2011, there are no outstanding options.
 
Warrants
 
During October and December of 2011, the Company issued 307,000 warrants to purchase common stock.  All have a term of three years.  100,000 warrants have a strike price of $0.35 and 207,000 have a strike price of $.25.  See Note 3 for further details.
 
During January of 2012, the Company issued 75,000 warrants to purchase common stock.  All have a term of three years and a strike price of $.25.  See Note 3 for further details.
 
A summary of stock options and warrants as of December 31, 2011 and 2010 is as follows:
 
 
Options
  
Weighted Average Exercise Price
  
Warrants
  
Weighted Average Exercise Price
  
Outstanding as of  01/01/11:
   -   $ -     -   $ -  
    Granted
   -     -     307,000     0.28  
    Cancelled
   -     -     -     -  
    Exercised
   -     -     -     -  
Outstanding as of 12/31/11:
   -   $ -     307,000   $ 0.28  
    Granted
   -     -     75,000     0.25  
    Cancelled
   -     -     -     -  
    Expired
   -     -     -     -  
Outstanding as of 3/31/12:
   -   $ -     382,000   $ 0.28  
Vested as of 3/31/12:
   -   $ -     382,000   $ 0.28  

Note 7 - Lease Commitments and Related Party Transactions
 
During the period ended December 31, 2009 and the three months ended March 31, 2010, the Company leased its operating headquarters in Overland Park, Kansas on a month-to-month basis for $1,332 per month.  During the six months ended September 30, 2010, we renegotiated our lease and maintained the same headquarters on a month-to-month basis for $500 per month.  During the three months ended December 31, 2010 we renegotiated our lease again and maintained the same headquarters on a month-to-month basis for $250 per month.  From January of 2011 through October of 2011, we continued to maintain the same headquarters on a month-to-month basis for $250 per month.

During the period from November of 2011 to January of 2012, we moved our main headquarters to Kansas City, Kansas and leased space on a month-to-month basis for $325 per month.

 
9
 
In December of 2011, we leased space in Scottsdale, Arizona for our main headquarters.  The lease runs from January of 2012 to March of 2014 at a rate of $2,013 per month.  Future minimum payments as of March 31, 2012 under this lease are $18,156 for 2012, $24,152 for 2013, and $6,047 for the three months ended March 31, 2014.

Rent expense was $4,590 and $3,536 for the three-months ended March 31, 2012 and the year ended December 31, 2011, respectively.

During the period ended December 31, 2009 and part of the year ended December 31, 2010, a former officer and director was paid $5,000 per month for his marketing services.  This agreement stopped in July of 2010.  The total paid for these services was $35,000 during the period ended December 31, 2009 and $33,500 during the year ended December 31, 2010.  During the year ended December 31, 2011, a former officer was paid $12,500 for consulting services.

During the three-months ended March 31, 2012 and the year ended December 31, 2011, a relative of a former officer and director was paid $6,000 and $24,000, respectively, for secretarial services.

During the year ended December 31, 2011, the Company issued 140,000 shares, valued at $35,000, to a director for legal services.

During the year ended December 31, 2011 and the three-months ended March 31, 2012, the Company issued convertible notes payable and warrants to related parties in exchange for cash.  See note 3 for further details.

Note 8 - Fair Value Measurements
 
The Company adopted ASC Topic 820-10 to measure the fair value of certain of its financial assets required to be measured on a recurring basis.  The adoption of ASC Topic 820-10 did not impact the Company’s financial condition or results of operations.  ASC Topic 820-10 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).  ASC Topic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.  A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability.  The three levels of the fair value hierarchy under ASC Topic 820-10 are described below:
 
Level 1 - Valuations based on quoted prices in active markets for identical assets or liabilities that an entity has the ability to access.
 
Level 2 - Valuations based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.
 
Level 3 - Valuations based on inputs that are supportable by little or no market activity and that are significant to the fair value of the asset or liability.  The Company had no level three assets or liabilities as of December 31, 2011 and 2010; therefore, a reconciliation of the changes during the year is not shown.
 
The following table presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis as of December 31, 2011:
 
   
Level 1
    
Level 2
    
Level 3
    
Fair Value
  
Cash
   $ 195,894     $ -     $ -     $ 195,894  
Accounts payable
     -       34,839       -       34,839  
Accrued interest
     -       2,810       -       2,810  
Note Payable
     -       275,675       -       275,675  

 
10

The following table presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis as of March 31, 2012:
 
   
Level 1
    
Level 2
    
Level 3
    
Fair Value
  
Cash
   $ -     $ -     $ -     $ -  
Accounts payable
     -       24,320       -       24,320  
Accrued interest
     -       12,360       -       12,360  
Note payable
     -       351,016       -       351,016  
 
Note 9 - Subsequent events
 
In preparing these financial statements, the Company evaluated events and transactions for potential recognition or disclosure through the date these financial statements were issued.

In April of 2012, 195,000 shares owed for compensation to an officer of a subsidiary and services performed by our product engineers as of March 31, 2012 were issued.

In April of 2012, $100,000 of notes payable and $4,795 of related accrued interest were converted into 299,413 shares of common stock.

In April and May of 2012, the Company received $75,000 cash in return for convertible notes payables.
 
On April 30, the Company entered into a “related party” agreement with one of its directors to serve as a part time interim Chief Financial Officer to assist the Company in relocating its corporate headquarters, and to build the infrastructure required to support the operations and fund raising activities for the next six to twelve months.

 
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FORWARD-LOOKING STATEMENTS

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures we make in this Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:

 
·  
deterioration in general or global economic, market and political conditions;
 
·  
our ability to diversify our operations;
 
·  
actions and initiatives taken by both current and potential competitors;
 
·  
supply chain disruptions for components used in our product;
 
·  
manufacturers inability to deliver components or products on time;
 
·  
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.

In this form 10-Q references to “Guardian 8”, “G8”, “the Company”, “we,” “us,” “our” and similar terms refer to Guardian 8 Holdings and its wholly owned operating subsidiary, Guardian 8 Corporation.
 
 
12
 
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
 
The following discussion should be read in conjunction with the financial statements section included elsewhere in this report.

Recent Developments
 
We completed the initial design the first product under development in 2011. We tested these prototypes through a number of different venues and collected feedback and input on suggested design changes. As a result we have elected to incorporate a significant number of upgrades, enhancements and make modifications to the initial design to improve reliability, durability and efficiencies. We will be rolling out the new design in the first half of 2012, with projected product to market in the fourth quarter of 2012.

In March of 2012 we announced a new upgraded model call the Pro V2. This model was developed in response to professional security guards seeking a robust design as well as highly functional tool for their duty belt. The Pro V2 will also be available to security conscious industries where staff safety is an ongoing priority.

In addition, in March of 2012 we filed with the Depository Trust Company (DTC) for electronic clearing of our common stock, with the assistance of C. K. Cooper & Company and Legent Clearing. We received DTC approval for electronic clearing on May 7, 2012. Along these same lines, our board of directors has decided to file a registration statement on Form S-1 to register 100% of the shares held by stockholders of record as of April 1, 2012. This is intended to make it easier and more efficient for our stockholders to trade our shares and brokerage firms to accept the shares for deposit.

On April 20, 2012, we appointed Kathleen Hanrahan, a current member of our board of directors, to serve as our interim chief financial officer. In addition, in anticipation of structuring the company for an exchange listing, our board of directors designated two new board committees, (i) an audit committee, and (ii) a governance, compensation and nominating committee.

Further, in May of 2012, we executed a letter of intent with an investment banker to pursue a public offering of our common stock in late 2012 and concurrently seek a listing of our common stock on a national stock exchange.

Results of Operations for Guardian 8 Corporation for the three months ended March 31, 2012 and March 31, 2011

We generated net losses of $477,848 for the three months ended March 31, 2012, compared to net losses of $55,140 for the same period in 2011. This equated to a total loss of $1,784,176 since our inception on June 8, 2009 through March 31, 2012. Our losses were generated from general and administrative expenses; however, did include research and development costs related to our product of $189,064 and $35,793 for the three months ended March 31, 2012 and 2011, respectively.

We anticipate continued losses from operations until such time as we generate revenues through the sale of our device.

Satisfaction of our cash obligations for the next 12 months.

Since our inception in June of 2009 through March 31, 2012, we raised approximately $1,065,500 through the sale of our common stock and an additional $382,000 through the issuance of six month convertible term notes.  As of March 31, 2012, our cash balance was zero. Our plan for satisfying our cash requirements for the next twelve months is through the funds from additional offerings of our common stock, sales of additional convertible notes and third party financings. We anticipate potential sales-generated income in the fourth quarter of 2012, but may not generate sufficient amounts of revenues to meet our working capital requirements. Consequently, we intend to make appropriate plans to ensure sources of additional capital in the future to fund growth and expansion through additional equity or debt financing or credit facilities.
 
 
13
 
Since inception, we have financed cash flow requirements through the issuance of common stock for cash and services. As we continue to expand operational activities, we may continue to experience net negative cash flows from operations, pending receipt of revenues from our product sales, and will be required to obtain additional financing to fund operations through common stock offerings and debt borrowings, giving consideration to loans and working diligently to move sales ahead to the extent necessary to provide working capital.
 
We anticipate incurring operating losses over the majority of the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, implement and successfully execute our business and marketing strategy, continue to develop and upgrade technology and products, respond to competitive developments, and continue to attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.
 
As a result of our cash requirements and our lack of revenues, we anticipate continuing to issue stock in exchange for loans and/or equity financing, which may have a substantial dilutive impact on our existing stockholders.

Summary of any product research and development that we will perform for the term of our plan of operation.

We expense all costs of research and development as incurred. There are R&D costs included in other general and administrative expenses of $189,064 and $35,793 for the three months ended March 31, 2012 and 2011, respectively. We anticipate performing up to $500,000 on additional significant product research and development under our plan of operation for the development of our second generation device.

Significant changes in the number of employees.

We are a development stage company and currently have only one full-time employee, Paul Hughes, Vice President of operations for Guardian 8 Corporation. We utilize the services of several contract personnel, engineers and other professionals on an as needed basis. We are currently managed by C. Stephen Cochennet, Kathleen Hanrahan and Paul Hughes with the assistance of our board of directors. We look to Mr. Cochennet, Ms. Hanrahan and Mr. Hughes for entrepreneurial, organizational and management skills. We plan to continue to use consultants, legal and patent attorneys, design and mechanical engineers, engineers and accountants as necessary. We may hire marketing employees based on the projected size of the market and the compensation necessary to retain qualified sales employees. A portion of any employee compensation likely would include direct stock grants, or the right to acquire stock in the company, which would dilute the ownership interest of holders of existing shares of our common stock.

Expected purchase or sale of plant and significant equipment.

We do not anticipate the purchase or sale of any plant or significant equipment; as such items are not required by us at this time.
 
Liquidity and Capital Resources

Since inception, we have financed our cash flow requirements through issuance of common stock, receipt of funds from convertible term notes and through March 31, 2012 had raised approximately $1,065,500 from two private placement offerings and an additional $382,000 from convertible notes. Our cash balance as of March 31, 2012 was zero. As a result, we are in immediate need for additional working capital and are forced to seek additional equity or debt financing to meet our ongoing working capital needs. As we expand our activities, we may, and most likely will, continue to experience net negative cash flows from operations, pending receipt of revenues from product sales. Additionally we anticipate obtaining additional financing to fund operations through common stock offerings, to the extent available, or to obtain additional financing to the extent necessary to augment our working capital. We have also evaluated sources of inventory financing that will be implemented once we have orders for our product.

 
14
 
We anticipate that we will incur operating losses in the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development, particularly companies in new and rapidly evolving markets. Such risks for us include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks, we must, among other things, obtain a customer base, implement and successfully execute our business and marketing strategy, continually develop and upgrade our product, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results or operations, liquidity, capital expenditures or capital resources that is material to investors.

Going Concern
 
The financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of G8 as a going concern. We may not have a sufficient amount of cash required to pay all of the costs associated with operating and marketing of our product. Management intends to use borrowings and security sales to mitigate the effects of cash flow deficits, however, no assurance can be given that debt or equity financing, if and when required, will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should we be unable to continue existence.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not applicable.
 
Item 4. Controls and Procedures.
 
Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Principal Financial Officer (through April 20, 2012), C. Stephen Cochennet, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this Report.  Based on the evaluation, Mr. Cochennet concluded that our disclosure controls and procedures are effective in timely altering him to material information relating to us (including our consolidated subsidiaries) required to be included in our periodic SEC filings.

Changes in Internal Control Over Financial Reporting
 
There has been no change in the Company’s internal controls over financial reporting that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.
 
Internal control systems, no matter how well designed and operated, have inherent limitations.  Therefore, even a system which is determined to be effective cannot provide absolute assurance that all control issues have been detected or prevented.  Our systems of internal controls are designed to provide reasonable assurance with respect to financial statement preparation and presentation.
 
 
15
 
PART II--OTHER INFORMATION

Item 1. Legal Proceedings.

We may become involved in various routine legal proceedings incidental to our business. However, to our knowledge as of the date of this report, there are no material pending legal proceedings to which we are a party or to which any of our property is subject.
 
Item 1A. Risk Factors.

Our significant business risks are described in Item 1A to Form 10-K for the year ended December 31, 2011 to which reference is made herein.

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

On October 13, 2011, we received $100,000 from our CEO, C. Stephen Cochennet, pursuant to a six-month convertible term note. The note is unsecured, bears interest at a rate of 10% per annum and is convertible into shares of our common stock at $0.35 per share. In addition, we issued Mr. Cochennet a three year warrant to purchase 100,000 shares of our common stock at $0.35 per share. In April of 2012, Mr. Cochennet converted the entire $100,000 principal balance of the note and $4,795 of related accrued interest into 299,413 shares of our common stock. As of the date of this report the shares had not been issued.

On January 12, 2012, we authorized the issuance of a total of 180,000 shares of common stock, valued at $24,000, to three of our newly appointed directors (60,000 shares each), Kathleen Hanrahan, Corey Lambrecht and Jim Nolton, for their services as directors until the next annual stockholders meeting.

During December 2011 and January 2012, we accepted $282,000 in six-month convertible term notes from nine investors, including five of our current directors (Messrs. Cochennet, Miller, Edwards, Lambrecht and Nolton). The notes are unsecured, bear interest at a rate of 10% per annum and are convertible into shares of our common stock at $0.20 per share. In addition, we issued the investors three year warrants to purchase an aggregate of 282,000 shares of our common stock at $0.25 per share.

Effective March 8, 2012, we entered into a settlement agreement with one of our prior project managers for the return and cancellation of 700,000 shares of common stock previously held by the project manager.

On March 23, 2012, we authorized the issuance of 150,000 shares of common stock, valued at $30,000, to Paul Hughes for recruiting services performed under the terms of his employment agreement. These shares were issued in May 2012.

On April 3, 2012, we authorized the issuance of 45,000 shares of common stock, valued at $22,500, to our production company for the completion of Phase 1 development of our ProV2 device. These shares were issued in May 2012.

In April and May of 2012, we accepted $75,000 in six-month convertible term notes from three investors. The notes are unsecured, bear interest at a rate of 10% per annum and are convertible into shares of our common stock at $0.20 per share. In addition, we issued the investors three year warrants to purchase an aggregate of 75,000 shares of our common stock at $0.25 per share.

 
16
 
All of the above-described issuances were exempt from registration pursuant to Section 4(2) and/or Regulation D of the Securities Act as transactions not involving a public offering. With respect to each transaction listed above, no general solicitation was made by either the Company or any person acting on its behalf. All such securities issued pursuant to such exemptions are restricted securities as defined in Rule 144(a)(3) promulgated under the Securities Act, appropriate legends have been placed on the documents evidencing the securities, and may not be offered or sold absent registration or pursuant to an exemption therefrom.

Issuer Purchases of Equity Securities

We did not repurchase any of our equity securities during the quarter ended March 31, 2012.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

Amendment to Bylaws:

On April 20, 2012, our board of directors voted to amend Article III, Section 9 of our bylaws to allow for forty-eight (48) hour notice of special meetings of the board via email. The original and amended section of the bylaws is as follows:

Original Article III, Section 9:

Section 9. SPECIAL MEETINGS. Special meetings of the board of directors for any purpose or purposes may be called at any time by the chairman of the board or the president or any vice president or the secretary or any two directors.

Notice of the time and place of special meetings shall be delivered personally or by telephone to each director or sent by first-class mail or facsimile, charges prepaid, addressed to each director at his or her address as it is shown upon the records of the corporation. In case such notice is mailed, it shall be deposited in the United States mail at least four (4) days prior to the time of the holding of the meeting. In case such notice is delivered personally, or by telephone or facsimile, it shall be delivered personally or by telephone or facsimile at least forty-eight (48) hours prior to the time of the holding of the meeting. Any oral notice given personally or by telephone may be communicated to either the director or to a person at the office of the director who the person giving the notice has reason to believe will promptly communicate it to the director. The notice need not specify the purpose of the meeting nor the place if the meeting is to be held at the principal executive office of the corporation.

 
17
 
Revised Article III, Section 9:

Section 9. SPECIAL MEETINGS. Special meetings of the board of directors for any purpose or purposes may be called at any time by the chairman of the board or the president or any vice president or the secretary or any two directors.

Notice of the time and place of special meetings shall be delivered personally or by telephone to each director or sent by first-class mail, facsimile or email, charges prepaid, addressed to each director at his or her address (email or mailing) as it is shown upon the records of the corporation. In case such notice is mailed, it shall be deposited in the United States mail at least four (4) days prior to the time of the holding of the meeting. In case such notice is delivered personally, or by telephone, facsimile or email, it shall be delivered personally or by telephone or facsimile or email at least forty-eight (48) hours prior to the time of the holding of the meeting. Any oral notice given personally or by telephone may be communicated to either the director or to a person at the office of the director who the person giving the notice has reason to believe will promptly communicate it to the director. The notice need not specify the purpose of the meeting nor the place if the meeting is to be held at the principal executive office of the corporation.

Our amended and restated bylaws were attached as exhibit 3.1(ii) to the Form 8-K filed on April 30, 2012.

Appointment of Interim Chief Financial Officer

Effective April 20, 2012, we appointed Kathleen Hanrahan, a current board member, to serve as our Interim Chief Financial Officer. Following her appointment, effective April 30, 2012, we entered into a Non-Employee Interim Chief Financial Officer Engagement Agreement with Ms. Hanrahan to act as our Interim Chief Financial Officer.

The term of Ms. Hanrahan’s engagement agreement is for one year. Further, the engagement agreement provides for compensation to Ms. Hanrahan of 300,000 shares of our common stock, which shall vest and be issued upon the earlier of (i) December 31, 2012, or (ii) when we hire a full time replacement chief financial officer.

A copy of Ms. Hanrahan’s agreement was attached as Exhibit 10.1 to the Form 8-K filed on April 30, 2012.

Item 6. Exhibits.
 
Exhibit No.
  
Description
2.1
  
Agreement and Plan of Merger among Global Risk Management & Investigative Solutions, G8 Acquisition Subsidiary, Inc. and Guardian 8 Corporation effective November 30, 2010 (incorporated by reference to Exhibit 2.1 to the Form 10-Q filed on August 6, 2010)
2.2
  
Articles of Merger (incorporated by reference to Exhibit 2.1 to the Form 8-K filed on December 21, 2010)
3.1
  
Amended and Restated Articles of Incorporation, as currently in effect (incorporated by reference to Exhibit 3.1 to Form 10-K filed on March 23, 2011)
3.2
  
Bylaws, as currently in effect (incorporated by reference to Exhibit 3(ii)(a) to Form S-1 filed on May 16, 2008)
3.3
  
Certificate of Amendment to Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the Form 8-K filed on December 21, 2010)
10.1
  
Convertible Term Note and Warrant issued to C. Stephen Cochennet dated October 13, 2011
31.1
  
32.1
  
99.1
  
Executive Committee Charter (incorporated by reference to Exhibit 99.1 to Form 10-K filed on March 23, 2011)
99.2   Audit Committee Charter (incorporated by reference to Exhibit 99.2 to Form 8-K filed on April 30, 2012)
99.3   Goverance, Compensation and Nominating Committee Charter (incorporated by reference to Exhibit 99.3 to Form 8-K filed on April 30, 2012
101.INS
  
XBRL Instance Document
101.SCH
  
XBRL Taxonomy Extension Schema
101.CAL
  
XBRL Taxonomy Extension Calculation Linkbase
101.DEF
  
XBRL Taxonomy Extension Definition Linkbase
101.LAB
  
XBRL Taxonomy Extension Label Linkbase
101.PRE
  
XBRL Taxonomy Extension Presentation Linkbase
 
 
18
 
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
GUARDIAN 8 HOLDINGS
(Registrant)
  
       
Date: May 9, 2012
By:
/s/ C. Stephen Cochennet
  
   
C. Stephen Cochennet
  
   
Principal Financial Officer
  
   
(On behalf of the Registrant and as Principal Financial Officer)
  
 
 
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