FINANCIAL STATEMENTS
(A Development Stage Company)
BOULDER CAPITAL OPPORTUNITIES, INC.
Quarter Ended July 31, 1996<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A Development Stage Company)
Index to
Unaudited Financial Statements
Unaudited Financial Statements 4
Unaudited Statement of Operations 6
Unaudited Statement of Cash Flows 8
Notes to Unaudited Financial Statements 10<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED FINANCIAL STATEMENTS
AS OF AND FOR THE QUARTER ENDED
JULY 31, 1996
(UNAUDITED)
_______________
The following financial statements include a balance
sheet (unaudited) as of July 31, 1996, and a
statement of operations (unaudited) for the quarter
ended July 31, 1996, and for the period from
inception (April 22, 1996) through July 31, 1996.<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
AS OF AND FOR THE QUARTER ENDED
JULY 31, 1996
(UNAUDITED)
_______________
<TABLE>
<CAPTION>
July 31, 1996
<S> <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents 2,002
Other current assets -
Subscriptions
receivable -
TOTAL CURRENT
ASSETS 2,002
FURNITURE AND EQUIPMENT
AT COST,
less accumulated depreciation 0
NET 2,002
OTHER ASSETS
Other Assets 1,687
TOTAL OTHER ASSETS 1,687
TOTAL ASSETS 3,689
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY
<S> <C>
LIABILITIES
Accounts payable 0
Accrued liabilities 0
Notes and advances to
stockholders and
related parties 0
Notes payable 0
Accrued interest 0
TOTAL CURRENT
LIABILITIES 0
STOCKHOLDERS' EQUITY (NOTES 1 & 2)
Preferred Stock, no par value,
10,000,000 shares authorized and
0 shares issued and outstanding 0
Common Stock, no par value,
100,000,000 shares authorized,
1,010,000 shares issued and
outstanding. 0
Additional Paid in capital 8,025
Deficit accumulated
during the
development stage (1,835)
TOTAL STOCKHOLDERS'
EQUITY 3,689
TOTAL LIABILITIES
AND STOCKHOLDERS'
EQUITY (DEFICIT) 3,689
/TABLE
<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
AS OF AND FOR THE QUARTER ENDED
JULY 31, 1996
(UNAUDITED)
_______________
<TABLE>
<CAPTION> Period from
Quarter Inception
Ended (4/22/96)
7/31/96 thru 7/31/96
<S> <C> <C>
REVENUES 0 0
Operating Revenue 1,745 1,745
TOTAL REVENUES 0 0
OPERATING COSTS
Legal and
Professional 1,745 1,745
General and
Administrative 91 91
TOTAL OPERATING
COSTS (1,836) (1,836)
LOSS FROM
OPERATIONS (1,836) (1,836)
OTHER INCOME
(EXPENSE)
Interest expense, net 0 0
Other Income - -
Other expense - -
NET LOSS (1,836) (1,836)
NET LOSS PER SHARE
(NOTE 1) * *
WEIGHTED AVERAGE
COMMON SHARE 1,010,000 1,010,000
/TABLE
<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
AS OF AND FOR THE QUARTER ENDED
JULY 31, 1996
(UNAUDITED)
_______________
<TABLE>
<CAPTION>
Period from
Quarter Inception
Ended (4/22/96)
7/31/96 thru 7/31/96)
<S> <C> <C>
CASH FLOWS FROM
OPERATING
ACTIVITIES
Net Loss (1,835) (4,337)
Adjustments to
reconcile net loss
to cash used in
operating activities:
Depreciation 89 89
Stock issued - -
Changes in assets
and liabilities - -
Other current assets - -
Restricted cash - -
Accounts payable - -
Accrued liabilities - -
Accrued interest - -
NET CASH AND CASH
EQUIVALENTS
PROVIDED (USED)
BY OPERATING
ACTIVITIES (4,247) (4,248)
CASH FLOWS FROM
INVESTING
ACTIVITIES
Purchase of property
and equipment 0 0
Increase (decrease in
notes payable) 0 0
Other Investments - - -
NET CASH AND CASH
EQUIVALENTS PROVIDED
(USED) BY INVESTING
ACTIVITIES 0 0
CASH FLOWS FROM
FINANCING
ACTIVITIES:
Issuance of common
stock for cash 0 6,250
Proceeds from notes
payable 0 6,250
NET CASH AND CASH
EQUIVALENTS
PROVIDED (USED)
BY FINANCING
ACTIVITIES 0 6,250
NET INCREASE
(DECREASE) IN
CASH AND CASH
EQUIVALENTS (4,247) 2,002
CASH AND CASH
EQUIVALENTS,
BEGINNING OF
PERIOD 6,249 0
CASH AND CASH
EQUIVALENTS,
END OF YEAR 2,002 2,002
/TABLE
<PAGE>
BOULDER CAPITAL OPPORTUNITIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
AS OF AND FOR THE QUARTER ENDED
JULY 31, 1996
(UNAUDITED)
_______________
1. ORGANIZATION AND BUSINESS
The Company was incorporated on April 22,
1996, in the State of Colorado, as Boulder
Capital Opportunities, Inc. The Company is
in the development stage and its intent is to
operate a capital market access corporation
and to acquire one or more existing
businesses through merger or acquisition.
- The Company has had no significant
business activity to date.
- The Company has not commenced any
commercial operations.
- The Company has no full time employees
and owns no real estate.
- The Company has not yet selected a fiscal
year end.
- At the present time, the Company has not
reached any agreement or definitive
understanding with any person concerning
an acquisition. Preliminary conversations
have been held with several firms
regarding some form of business
combination, but as of this date, no
definitive agreement has been reached.
2. NET LOSS PER SHARE OF COMMON
STOCK/SHAREHOLDERS EQUITY
Net income (loss) per share is based on
weighted average number of shares of
common stock outstanding.
