--------------------------------------------------------------------------------
Kirt W. James
PRESIDENT
Oasis Entertainments Fourth Movie Project, Inc.
24843 Del Prado, #318
Dana Point, CA 92629
(Name and Address of Person Authorized to Receive Notices
and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
WITH A COPY TO:
KARL E. RODRIGUEZ, ESQ
34700 Pacific Coast Highway, Suite 303
Capistrano Beach, CA 92624
(949) 248-9561
fax (949) 248-1688
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FORM 10-Q SB-A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter ended June 30, 2000
Commission File Number: 000-28881
Oasis Entertainment's Fourth Movie Project, Inc.
(Exact name of Registrant as specified in its charter)
Nevada 76-0528600
(Jurisdiction of Incorporation) (I.R.S. Employer Identification No.)
24843 Del Prado, Suite 326 Dana Point, California 92629
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949) 488-0736
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: 14,810,000
Yes [x] No [] (Indicate by check mark whether the Registrant (1) has filed
all report 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.)
As of June 30, 2000, the number of shares outstanding of the Registrant's Common
Stock was 14,810,000.
1
<PAGE>
PART I: FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Attached hereto and incorporated herein by this reference are consolidated
unaudited financial statements for the three months and nine months ended June
30, 2000.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
RESULTS OF OPERATIONS. A comparison of the corresponding three months/nine
months of 1999 and 2000 respectively reflect only modest expenses more recently
than in the former periods. The difference is due to the fact that the former
period involved considerable movie production expenses, while the current period
does not. Our operations in the current periods have principally involved legal,
professional and audit expenses.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
THIRD QUARTER . . . . . . Inception
April 9
1998
To
Operations . . . . . . . July 1 to June 30 Jan 1 to June 30 June 30,
2000 1999 2000 1999 2000
-----------------------------------------------------------------------------------------------------
Revenues: . . . . . . . . $ 0 $ 0 $ 0 $ 0 $ 0
Total Revenues . . . . . 0 0 0 0 0
General & Administrative. (1,008) (52,573) (26,860) (142,113) (241,256)
Total Expenses . . . . . (1,008) (52,573) (26,860) (142,113) (241,256)
Interest Expense. . . . . 0 0 0 0 (4,628)
Interest Income . . . . . 2,887 0 8,661 1,300 33,546
Net Profit (Other) . . . 2,887 0 8,661 1,300 28,918
Net Loss . . . . . . . . 1,879 (52,573) (18,199) (140,813) (212,338)
</TABLE>
We are engaged in continuing efforts to market our production of "the Blood
Game".
LIQUIDITY AND CAPITAL RESOURCES. We presently have no significant liquidity and
may need to seek additional equity or debt funding to pursue opportunities
beyond those now contemplated. This contingency will depend largely upon such
profitability as may result from current projects.
On March 24, 1999, we made an investment in an infomercial project with
Reliant Interactive Media Corporation, a shareholder of our corporation. We may
become entitled to royalties from this investment. Such projects can be
extremely profitable, but they can also fail. There can be no assurance that any
profitability will result from this investment.
As of June 30, 2000, we had a total of $147,117 in notes payable to related
parties. All of these notes are unsecured, non-interest bearing and have no
specific payback terms. A 10% interest rate has been imputed and recorded as a
capital contribution.
PART II: OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS. None
2
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ITEM 2. CHANGE IN SECURITIES. None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES. None
ITEM 4. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS. None
ITEM 5. OTHER INFORMATION. None
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. None
EXHIBIT INDEX
FINANCIAL STATEMENTS AND DOCUMENTS. Exhibit 00-QF3 Financial Statements
(Un-Audited) for the three months and nine months ended June 30, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this
Form 10-Q Report for the Quarter ended June 30, 2000, has been signed below by
the following person on behalf of the Registrant and in the capacity and on the
date indicated.
November 7, 2000
OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
a nevada corporation
by
/s/Kirt W. James /s/J. Dan Sifford /s/Karl E. Rodriguez
Kirt W. James J. Dan Sifford Karl E. Rodriguez
President/Director Secretary-Treasurer General Counsel
/Director /Director
3
<PAGE>
--------------------------------------------------------------------------------
EXHIBIT 00-QF3
UN-AUDITED FINANCIAL STATEMENTS
FOR THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2000
--------------------------------------------------------------------------------
4
<PAGE>
OASIS ENTERTAINMENTS FOURTH MOVIE PROJECT, INC.
BALANCE SHEET (UNAUDITED)
For the fiscal year ended September 30, 1998 and 1999
And the nine months ended June 30, 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C>
June 30, September 30,
2000 1999 1998
-----------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . $ 495 $ 3,151 $150,000
--------- -------------- --------
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . 495 3,151 150,000
OTHER ASSETS
Note receivable. . . . . . . . . . . . . . . . . . . . . 121,256 115,482 0
Investments. . . . . . . . . . . . . . . . . . . . . . . 255,000 255,000 0
--------- -------------- --------
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . . . 376,256 370,482 0
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . $ 376,751 $ 373,633 $150,000
========= ============== ========
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable . . . . . . . . . . . . . . . . . . . . $ 2,644 $ 2,644 $ 0
Notes payable - related parties. . . . . . . . . . . . . 147,117 125,800 0
--------- -------------- --------
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . 149,761 128,444 0
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; authorized 100,000,000
shares; issued and outstanding, 11,500,000 shares,
14,810,000 shares and 14,810,000 shares respectively. 14,810 14,810 11,500
Additional Paid-In Capital . . . . . . . . . . . . . . . 470,818 470,818 138,500
Notes receivable - related parties . . . . . . . . . . . (46,300) (46,300) 0
Accumulated Equity (Deficit) . . . . . . . . . . . . . . (212,338) (194,139) 0
--------- -------------- --------
Total Stockholders' Equity . . . . . . . . . . . . . . . 226,990 245,189 150,000
--------- -------------- --------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . . . $ 376,751 $ 373,633 $150,000
========= ============== ========
</TABLE>
The accompanying notes are an integral part of these financial statements.
5
<PAGE>
OASIS ENTERTAINMENTS FOURTH MOVIE PROJECT, INC.
STATEMENTS OF OPERATIONS (UNAUDITED)
June 30, 1999 and 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
From
Inception on
From April From April From September From September April 9,
1, 2000 to. 1, 1999 to 30, 1999 to 30, 1998 to 1998 through
June 30, June 30, June 30, June 30, June 30,
2000 1999 2000 1999 2000
-----------------------------------------------------------------------------------------------------------
Revenues. . . . . . . . . . -0- -0- -0- -0- -0-
General and administrative. 1,008 52,573 26,860 142,113 241,256
Net Income (Loss) . . . . . ($1,008) ($52,573) ($26,860) ($142,113) ($241,256)
===========================================================================================================
Other income (expense)
Interest expense. . . . . . 0 0 0 0 (4,628)
Interest income . . . . . . 2,887 0 8,661 1,300 33,546
-----------------------------------------------------------------------------------------------------------
Net Profit (Loss) . . . . . 1,879 (52,573) (18,199) (140,813) (212,338)
Loss per Share. . . . . . . ($0.00013) $ (0.00442) $ (0.00123) $ (0.01193) $ (0.01605)
===========================================================================================================
Weighted Average
Shares Outstanding. . . 14,810,000 11,885,565 14,810,000 11,805,546 13,232,617
===========================================================================================================
</TABLE>
The accompanying notes are an integral part of these financial statements.
6
<PAGE>
OASIS ENTERTAINMENTS FOURTH MOVIE PROJECT, INC.
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)(UNAUDITED)
For the period from inception of the Development Stage
On April 9, 1998, through September 30, 1998, for September 30, 1999
And the nine months ended June 30, 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Additional Accumulated Total Stock-
Common Par Paid-In Equity holders' Equity
Stock Value Capital (Deficit) (Deficit)
--------------------------------------------------------------------------------------------------------------------
Common Stock issued at inception . . . . . 10,000,000 $ 10,000 ($10,000) $ 0 $ 0
Common Stock issued for
cash at $0.10 per share. . . . . . . . 1,500,000 1,500 148,500 0 0
Net loss during period . . . . . . . . . . 0 0 0 0 0
--------------------------------------------------------------------------------------------------------------------
Balances at September 30, 1998 . . . . . . 11,500,000 $ 11,500 $ 138,500 $ 0 $ 150,000
Common Stock issued for
cash at $0.10 per share. . . . . . . . 3,310,000 3,310 327,690 0 0
Accrued interest on notes to related
parties recorded as contributed capital 0 0 4,628 0 0
Net Loss for the period. . . . . . . . . . 0 0 0 (194,139) 0
--------------------------------------------------------------------------------------------------------------------
Balances at September 30, 1999 . . . . . . 14,810,000 14,810 470,818 (194,139) 291,489
Net Loss for the period. . . . . . . . . . 0 0 0 (18,199) 0
--------------------------------------------------------------------------------------------------------------------
Balances at June 30, 2000. . . . . . . . . 14,810,000 $ 14,810 $ 470,818 ($212,338) $ 273,290
</TABLE>
The accompanying notes are an integral part of these financial statements.
7
<PAGE>
OASIS ENTERTAINMENTS FOURTH MOVIE PROJECT, INC.
STATEMENTS OF CASH FLOW (UNAUDITED)
For the fiscal years ended September 30, 1998 and 1999
And the nine months ended June 30, 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C>
From inception on
For the nine April 9,1998
months ended through
June 30, June 30,
2000 1999 2000
----------------------------------------------------------------------------------------------------------
Operating Activities
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . ($18,199) ($140,813) ($212,338)
(Increase) in interest receivable . . . . . . . . . . . . (8,661) 0 (15,482)
Increase in accounts payable. . . . . . . . . . . . . . . 0 25,000 2,644
----------------------------------------------------------------------------------------------------------
Net Cash from Operations. . . . . . . . . . . . . . . . . (26,860) (115,813) (225,176)
Cash flows from investing activities
Cash paid for investments . . . . . . . . . . . . . . . . 0 (125,000) (255,000)
Net cash (used) by investing activities . . . . . . . . . 0 (125,000) (255,000)
----------------------------------------------------------------------------------------------------------
Cash flows from financing activities
Proceeds paid on notes receivable - related parties . . . 0 0 (246,300)
Principal received on notes receivable - related parties. 0 221,000 100,000
Proceeds received on notes payable - related parties. . . 23,214 25,000 125,800
Common stock issued for cash. . . . . . . . . . . . . . . 0 0 481,000
Contributed capital . . . . . . . . . . . . . . . . . . . 0 0 4,628
----------------------------------------------------------------------------------------------------------
Net cash provided by financing activities . . . . . . . . 23,214 246,000 465,128
Net increase (decrease) in Cash . . . . . . . . . . . . . (3,646) 5,187 495
Cash at beginning of period . . . . . . . . . . . . . . . 3,151 0 0
Cash as of Statement Date . . . . . . . . . . . . . . . . ($495) $ 5,187 $ 495
==========================================================================================================
</TABLE>
The accompanying notes are an integral part of these financial statements.
8
<PAGE>
OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
(A Development Stage Company)
Notes to the Financial Statements
June 30, 2000
Oasis Entertainment's Fourth Movie Project, Inc.
NOTES TO FINANCIAL STATEMENTS
Oasis Entertainment's Fourth Movie Project, Inc. ("the Company") has elected to
omit substantially all footnotes to the financial statements for the six months
ended June 30, 2000, since there have been no material changes (other than
indicated in other footnotes) to the information previously reported by the
Company in their Annual Report filed on Form 10-KSB for the Fiscal year ended
September 30, 1999.
UNAUDITED INFORMATION
The information furnished herein was taken from the books and records of the
Company without audit. However, such information reflects all adjustments which
are, in the opinion of management, necessary to properly reflect the results of
the period presented. The information presented is not necessarily indicative
of the results from operations expected for the full fiscal year.
9
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