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Previous: JUPITER ENTERPRISES INC, 10QSB, 2000-11-15 |
Next: JUPITER ENTERPRISES INC, 10QSB, EX-99.15, 2000-11-15 |
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Balance Sheets
September 30, 2000 (Unaudited) and March 31, 2000
----------------------------------------------------------------------------------------------------
September 30,
2000 March 31,
ASSETS (Unaudited) 2000
------------------ ---------------
<S> <C> <C>
Current assets:
Cash $ 3,687 $ 26,462
Prepaid expenses 4,333 489
------------------ ---------------
Total current assets 8,020 26,951
------------------ ---------------
Other assets:
Website development costs in progress 1,000 -
------------------ ---------------
Total other assets 1,000 -
------------------ ---------------
Total assets $ 9,020 $ 26,951
=========== =========
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses $ 809 $ -
Due to related parties 213 450
Stock subscription proceeds held in trust - 1,575
------------------ ---------------
Total current liabilities 1,022 2,025
------------------ ---------------
Total liabilities 1,022 2,025
------------------ ---------------
Commitments and contingencies - -
STOCKHOLDERS' EQUITY
Common stock, $.001 par value, 100,000,000 shares
authorized, 3,042,000 and 2,840,000 shares issued
and outstanding 3,042 2,840
Capital in excess of par value 38,218 32,360
Deficit accumulated during the development stage (33,262) (10,274)
------------------ ---------------
Total stockholders' equity 7,998 24,926
------------------ ---------------
Total liabilities and stockholders' equity $ 9,020 $ 26,951
=========== =========
</TABLE>
The accompanying notes are an integral part of these statements.
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Loss For The Periods Ended
September 30, 2000 and 1999
(Unaudited)
----------------------------------------------------------------------------------------------------
Inception,
March 12, 1999
through
September 30, Six months ended September 30,
----------------------------------------
2000 2000 1999
------------------ ------------------- ----------------
<S> <C> <C> <C>
Revenues $ - $ - $ -
------------------ ------------------- ----------------
General and administrative expenses:
Legal and professional fees 27,864 19,853 5,560
Other administrative expenses 5,398 3,135 763
------------------ ------------------- ----------------
Total operating expenses 33,262 22,988 6,323
------------------ ------------------- ----------------
(Loss) before taxes (33,262) (22,988) (6,323)
------------------ ------------------- ----------------
Provision (credit) for taxes on income:
Current - - -
Deferred - - -
------------------ ------------------- ----------------
Total provision (credit) for taxes
on income - - -
------------------ ------------------- ----------------
Net (loss) $ (33,262) $ (22,988) $ (6,323)
=========== =========== =========
Basic earnings (loss) per common share $ (0.01) $ (0.00)
=========== =========
Weighted average number of shares outstanding 2,862,198 2,711,475
=========== =========
</TABLE>
The accompanying notes are an integral part of these statements.
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Loss For The Periods Ended
September 30, 2000 and 1999
(Unaudited)
----------------------------------------------------------------------------------------------------
Quarter Ended September 30,
------------------------------------
2000 1999
----------------- -----------------
<S> <C> <C>
Revenues $ - $ -
----------------- -----------------
General and administrative expenses:
Legal and professional fees 10,477 1,697
Other administrative expenses 2,816 763
----------------- -----------------
Total operating expenses 13,293 2,460
----------------- -----------------
(Loss) before taxes (13,293) (2,460)
----------------- -----------------
Provision (credit) for taxes on income:
Current - -
Deferred - -
----------------- -----------------
Total provision (credit) for taxes on income - -
----------------- -----------------
Net (loss) $ (13,293) $ (2,460)
========== ==========
Basic earnings (loss) per common share $ (0.00) $ (0.00)
========== ==========
Weighted average number of shares outstanding 2,862,198 2,711,475
========== ==========
</TABLE>
The accompanying notes are an integral part of these statements.
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Cash Flows For The Periods Ended
September 30, 2000 and 1999
(Unaudited)
----------------------------------------------------------------------------------------------------
Inception,
March 12, 1999
through
September 30, Six months ended September 30,
----------------------------------------
2000 2000 1999
------------------ ------------------- ----------------
<S> <C> <C> <C>
Cash flows from operating activities:
Net (loss) $ (33,262) $ (22,988) $ (6,323)
Adjustments to reconcile net (loss) to cash
provided (used) by developmental stage activities:
Decrease (increase) in accounts
receivable, related party - - (22,700)
Decrease (increase) in
prepaid expenses (4,333) (3,844) 5,560
(Decrease) increase in accounts payable and
accrued expenses 809 809 750
(Decrease) increase in due to
related parties 213 (237) -
Net cash provided (used) by operating
------------------ ------------------- ----------------
activities (36,573) (26,260) (22,713)
------------------ ------------------- ----------------
Cash flows from investing activities:
Decrease (increase) in website
development costs in progress (1,000) (1,000) -
------------------ ------------------- ----------------
Net cash provided (used) by
investing activities (1,000) (1,000) -
------------------ ------------------- ----------------
Cash flows from financing activities:
Proceeds from sale of
common stock 41,260 6,060 25,200
Change in stock subscription
held in trust - (1,575) -
------------------ ------------------- ----------------
Net cash provided (used) by
financing activities 41,260 4,485 25,200
------------------ ------------------- ----------------
Net increase (decrease) in
cash and equivalents 3,687 (22,775) 2,487
Cash and equivalents,
beginning of period - 26,462 -
------------------ ------------------- ----------------
Cash and equivalents,
end of period $ 3,687 $ 3,687 $ 2,487
========== ========== =========
Supplemental cash flow disclosures:
Cash paid for interest $ - $ - $ -
Cash paid for income taxes - - -
</TABLE>
The accompanying notes are an integral part of these statements.
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Cash Flows For The Periods Ended
September 30, 2000 and 1999
(Unaudited)
----------------------------------------------------------------------------------------------------
Quarter Ended September 30,
------------------------------------
2000 1999
----------------- -----------------
<S> <C> <C>
Cash flows from operating activities:
Net (loss) $ (13,293) $ (2,460)
Adjustments to reconcile net (loss) to cash
provided (used) by developmental stage activities:
Decrease (increase) in accounts receivable, related party - 2,950
Decrease (increase) in prepaid expenses 667 1,697
(Decrease) increase in accounts payable and
accrued expenses 149 750
(Decrease) increase in due to related parties - (450)
----------------- -----------------
Net cash provided (used) by operating
activities (12,477) 2,487
----------------- -----------------
Cash flows from investing activities:
Decrease (increase) in website
development costs in progress (1,000) -
----------------- -----------------
Net cash provided (used) by investing activities (1,000) -
----------------- -----------------
Cash flows from financing activities:
Proceeds from sale of common stock - -
Change in stock subscription held in trust - -
----------------- -----------------
Net cash provided (used) by financing activities - -
----------------- -----------------
Net increase (decrease) in cash and equivalents (13,477) 2,487
Cash and equivalents, beginning of period 17,164 -
----------------- -----------------
Cash and equivalents, end of period $ 3,687 $ 2,487
========= ========
Supplemental cash flow disclosures:
Cash paid for interest $ - $ -
Cash paid for income taxes - -
</TABLE>
The accompanying notes are an integral part of these statements.
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