<PAGE>
U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 29, 1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
----------- -----------
Commission File No. 0-27390
JUNGLE STREET, INC.
(Name of Small Business Issuer in its Charter)
UTAH 87-0368236
---- ----------
(State or Other Jurisdiction of (I.R.S.
incorporation or organization) Employer I.D. No.)
1787 East Fort Union Blvd., #106
Salt Lake City, Utah 84121
---------------------------
(Address of Principal Executive Offices)
Issuer's Telephone Number: (801) 942-7722
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Sections 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.
(1) Yes X No (2) Yes X No
---- ---- ---- ----
<PAGE>
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Not applicable.
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the
Registrant's classes of common stock, as of the latest
practicable date:
May 24, 1996
Common Voting Stock - 1,697,420
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
- - ------------------------------
The Financial Statements of the Registrant required to be
filed with this 10-QSB Quarterly Report were prepared by
management and commence on the following page. In the opinion of
management, the Financial Statements fairly present the financial
condition of the Registrant.
<PAGE>
<TABLE>
<CAPTION>
JUNGLE STREET, INC.
BALANCE SHEETS
February 29, 1996 and August 31, 1995
02/29/96 08/31/95
[Unaudited]
<S> <C> <C>
ASSETS
Assets $ 0 $ 0
TOTAL ASSETS $ 0 $ 0
LIABILITIES & EQUITY
LIABILITIES
Current Liabilities
Accounts Payable $ 0 $ 0
Loans from stockholders 8,068 1,000
Income taxes payable 100 100
Total Current Liabilities 8,168 1,100
TOTAL LIABILITIES 8,168 1,100
EQUITY
Common Stock 1,697 1,697
Paid-in Capital 228,757 228,757
Accumulated Deficit (238,622) (231,554)
TOTAL EQUITY (8,168) (1,100)
TOTAL LIABILITIES & EQUITY $ 0 $ 0
</TABLE>
NOTE TO FINANCIAL STATEMENTS:
Interim financial statements reflect all adjustments which are,
in the opinion of management, necessary to a fair statement of
the results for the periods. The August 31, 1995 balance sheet
has been derived from the audited financial statements. These
interim financial statements conform with the requirements for
interim financial statements and consequently do not include all
the disclosures normally required by generally accepted
accounting principles.
<PAGE>
JUNGLE STREET, INC.
STATEMENTS OF OPERATIONS
For the Three-Month and Six-Month Periods Ended
February 29, 1996 and February 28, 1995
<TABLE>
<CAPTION>
Three Months Three Months Six Months Six Months
Ended Ended Ended Ended
02/29/96 02/28/95 02/29/96 02/28/95
[Unaudited] [Unaudited] [Unaudited] [Unaudited]
<S> <C> <C> <C> <C>
REVENUE
Income $ 0 $ 0 $ 0 $ 0
NET REVENUE 0 0 0 0
OPERATING
EXPENSES
Office
Expenses 35 0 190 0
Professional
Fees 2,748 0 6,878 0
TOTAL
OPERATING
EXPENSES 2,783 0 7,068 0
NET INCOME/
(LOSS) $ (2,783) $ 0 $ (7,068) $ 0
NET LOSS
PER SHARE $ 0.00 $ 0.00 $ 0.00 $ 0.00
WEIGHTED
AVERAGE
NUMBER
OF SHARES
OUTSTAND-
ING 1,697,420 500,300 1,697,420 500,300
</TABLE>
<PAGE>
<PAGE>
JUNGLE STREET, INC.
STATEMENTS OF CASH FLOWS
For the Three-Month and Six-Month Periods Ended February 29, 1996
and February 28, 1995
<TABLE>
<CAPTION>
Three Months Three Months Six Months Six Months
Ended Ended Ended Ended
02/29/96 02/28/95 02/29/96 02/28/95
[Unaudited] [Unaudited] [Unaudited] [Unaudited]
<S> <C> <C> <C> <C>
Cash Flows
Used For
Operating
Activities
Net Loss $(2,783) $ 0 $(7,068) $ 0
Adjustments
to reconcile
net loss to
net cash
used in
operating
activities:
Decrease in
accounts
payable (710) 0 0 0
Increase/
(Decrease)
in franchise
taxes
payable 0 0 0 0
Net Cash
Used For
Operating
Activit-
ies (3,493) 0 (7,068) 0
Cash Flows
Provided by
Financing
Activities
Loans from
stock-
holders 3,493 0 7,068 0
Net Cash
Provided by
Financing
Activ-
ities 3,493 0 7,068 0
Net Increase
In Cash 0 0 0 0
Beginning
Cash
Balance 0 0 0 0
Ending Cash
Balance $ 0 $ 0 $ 0 $ 0
Supplemental
Disclosure of Cash
Flow Information
Cash paid for
interest $ 0 $ 0 $ 0 $ 0
Cash paid
for
income
taxes $ 0 $ 0 $ 0 $ 0
</TABLE>
<PAGE>
Item 2. Management's Discussion and Analysis or Plan of
Operation.
- - ----------
Plan of Operation.
- - ------------------
The Company has not engaged in any material operations in
the last fiscal year or the period ending February 29, 1996. The
Company intends to continue to seek out the acquisition of
assets, property or business that may be beneficial to the
Company and its stockholders.
Results of Operations.
- - ----------------------
The Company discontinued its operations in approximately
August, 1994. During the quarterly period ended February 29,
1996, the Company received no revenue. Expenses during this
period totalled $2,783; the Company sustained a net loss during
this period of $2,783.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
- - ---------------------------
None; not applicable.
Item 2. Changes in Securities.
- - -------------------------------
None; not applicable.
Item 3. Defaults Upon Senior Securities.
- - -----------------------------------------
None; not applicable.
Item 4. Submission of Matters to a Vote of Security Holders.
- - -------------------------------------------------------------
No matter was submitted to a vote of security holders of the
Company during the period covered by this Report, whether through
the solicitation of proxies or otherwise.
Item 5. Other Information.
- - ---------------------------
None; not applicable.
<PAGE>
Item 6. Exhibits and Reports on Form 8-K.
- - ------------------------------------------
(a) Exhibits.*
Sequential
Exhibit Page
Number Description* Number
- - ------ ------------ ------
27 Financial Data Schedule 12
(b) Reports on Form 8-K.
None.
*A summary of any Exhibit is modified in its entirety by
reference to the actual Exhibit.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned thereunto duly authorized.
JUNGLE STREET, INC.
Date: 5-23-96 By /s/
---------------------
Don C. Morrison,
Director and President
Date: 5-23-96 By /s/
----------------------
Jason Kershaw,
Director and Vice
President
Date: 5-23-96 By /s/
----------------------
Yolanda Oyler,
Director and
Secretary/Treasurer
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0001004932
<NAME> JUNGLE STREET, INC.
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS
<FISCAL-YEAR-END> AUG-31-1995 AUG-31-1995
<PERIOD-END> FEB-29-1996 FEB-29-1996
<CASH> 0 0
<SECURITIES> 0 0
<RECEIVABLES> 0 0
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 0 0
<PP&E> 0 0
<DEPRECIATION> 0 0
<TOTAL-ASSETS> 0 0
<CURRENT-LIABILITIES> 8,168 8,168
<BONDS> 0 0
0 0
0 0
<COMMON> 1,697 1,697
<OTHER-SE> (9,865) (9,865)
<TOTAL-LIABILITY-AND-EQUITY> 0 0
<SALES> 0 0
<TOTAL-REVENUES> 0 0
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 2,783 7,068
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 0 0
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 0 0
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (2,783) (7,068)
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
</TABLE>
