S.E.C. File# 333-6388
U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
First Quarter ended June 30, 1999 Amendment
GREEN MACHINE DEVELOPMENT, CORP
(Name of small business issuer in its charter)
FLORIDA 65-0594832
(State of incorporation) (I.R.S. Employer Identification Number)
200 MacFarlane Dr., Ste 405, Delray Beach, FL 33483
(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (561) 276-8226
VIVA GOLF MANUFACTURING, INC.
(Former name of issuer)
Check whether issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirement
for the past 90 days. Yes (X) No ( )
Number of shares of Common Stock outstanding as of June 30, 1999:
11,700,000
Transitional Small Business Disclosure Format (Check one):Yes X No __
GREEN MACHINE DEVELOPMENT CORP.
AND WHOLLY-OWNED SUBSIDIARY
(FORMERLY VIVA GOLF MANUFACTURING, INC.)
CONSOLIDATED BALANCE SHEET
JUNE30, 1999
ASSETS
Current Assets
Cash in Bank $53,693
Marketable Securities (Note 1) 3,909
Prepaid expenses 2,496
60,098
Other Assets
Investments in Real Estate (Note 1) 391,066
Deposits on real estate 15,000
Organization costs (Net of amortization of $5,836)
(Note 1) 4,164
Total other assets 410,230
Property, plant and equipment ( net ) (Note 1 and 2) 732
Total assets $471,060
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities
Mortgage payable (Note 2) $ 40,000
Note Payable (Note Payable (Note 3) 492,132
Loan payable (Note 4) 25,000
Accrued expenses 14,134
Total Current Liabilities $571.266
Stockholders Equity
Common Stock, par value $.001
50,000,000 shares authorized;
1,000,000 shares, issued 1,000
Accumulated deficit (101,206)
(100,206)
Total Liabilities and Stockholders Equity $471,060
See accountants compilation report and notes to the financial
statements.
VIVA GOLF MANAUFACTURING, INC.
PERFORMA BALANCE SHEET DATA
MARCH 31, 1999
(in thousands)
Viva Golf Green Machine
Mfg., Inc. Manage. Corp Adjustmts Pro forma
Assets
Current assets
Cash $-0- $61 $-0- $61
Marketable Securities -0- 4 -0- 4
Total current assets -0- 65 -0- 65
Property & equipment (net) 1 -0- -0- 1
Other assets
Organizational costs 5 -0- -0- 5
Investment in real estate -0- 389 -0- 389
Deposits on real estate -0- 15 -0- 15
Total other assets 5 404 -0- 409
Total assets 6 469 -0- 475
Liabilities & Stockholders' Equity
Current liabilities
Mortgage payable -0- 40 -0- 40
Notes & loans payable 90 472 12 (a) 562
Accrued expenses -0- 12 -0- 12
Total current liabilities 90 524 12 626
Stockholders' equity
Common stock 12 1 (12) (a) 1
Accumulated deficit (96) (56) -0- (152)
Total stockholders' equity (84) (55) (12) (151)
Total liab. & stholders' eq. $ 6 $(469) $-0- $475
(a) recapitalization of company
VIVA GOLF MANUFACTURING, INC.
PRO FORMA INCOME STATEMENT DATA
FOR THE YEAR ENDED MARCH 31, 1999
(in thousands)
Revenues $-0- $ 7 $-0- $ 7
Operating expenses 10 45 -0- 55
Net loss (10) $(38) $-0- $(48)
The unaudited pro forma financial statements of Viva Golf Manufacturing, Inc.
as of and for the year ended March 31, 1999 have been prepared based on the
historical data of the registrant, as adjusted to reflect the business
combination of Green Machine Management Corp. as if the transaction had
been effective as of April 1, 1998. The pro forma income statement data
may not be indicative of the future results of operations or what the actual
results of operations would have been had the combination of entities has
been effective earlier.
