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Previous: JUPITER ENTERPRISES INC, 10QSB, 2000-11-01 |
Next: JUPITER ENTERPRISES INC, 10QSB, EX-99.2OOTHFINST, 2000-11-01 |
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Balance Sheets
June 30, 2000 (Unaudited) and March 31, 2000
--------------------------------------------------------------------------------------------------------------------
June 30,
2000 March 31,
ASSETS (Unaudited) 2000
--------------- -------------
<S> <C> <C>
Current assets:
Cash $17,164 $26,462
Prepaid expenses 5,000 489
--------------- -------------
Total current assets 22,164 26,951
--------------- -------------
Total assets $22,164 $26,951
========= =======
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses $ 660 $ -
Due to related parties 213 450
Stock subscription proceeds held in trust - 1,575
--------------- -------------
Total current liabilities 873 2,025
--------------- -------------
Total liabilities 873 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 (19,969) (10,274)
--------------- -------------
Total stockholders' equity 21,291 24,926
--------------- -------------
Total liabilities and stockholders' equity $ 22,164 $ 26,951
======== =========
The accompanying notes are an integral part of these statements.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Loss For The Periods Ended
June 30, 2000 and 1999
(Unaudited)
----------------------------------------------------------------------------------------------------------------------
Inception,
March 12, 1999
through
June 30, Three Months Ended June 30,
----------------------------------------
2000 2000 1999
-------------------- ------------------- -----------------
<S> <C> <C> <C>
Revenues $ - $ - $ -
-------------------- ------------------- -----------------
General and administrative expenses:
Legal and professional fees 18,887 9,376 3,863
Other administrative expenses 1,082 319 -
-------------------- ------------------- -----------------
Total operating expenses 19,969 9,695 3,863
-------------------- ------------------- -----------------
(Loss) before taxes (19,969) (9,695) (3,863)
-------------------- ------------------- -----------------
Provision (credit) for taxes on income:
Current - - -
Deferred - - -
-------------------- ------------------- -----------------
Total provision (credit) for taxes on income - - -
-------------------- ------------------- -----------------
Net (loss) $ (19,969) $ (9,695) $ (3,863)
============ =========== ==========
Basic earnings (loss) per common share $ (0.00) $ (0.00)
=========== ==========
Weighted average number of shares outstanding 2,862,198 2,711,425
=========== ==========
The accompanying notes are an integral part of these statements.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
JUPITER ENTERPRISES, INC.
(A development stage enterprise)
Statements of Cash Flows For The Periods Ended
June 30, 2000 and 1999
(Unaudited)
--------------------------------------------------------------------------------------------------------------------
Inception,
March 12, 1999
through
June 30, Three months ended June 30,
-------------------------
2000 2000 1999
<S> <C> <C> <C>
-----------------------------------------------------
Cash flows from operating activities:
Net (loss) $ (19,969) $ (9,695) $ 3,863)
Adjustments to reconcile net (loss) to cash
provided (used) by developmental stage activities:
Decrease (increase) in accounts receivable, related party - - (25,650)
Decrease (increase) in prepaid expenses (5,000) (4,511) 3,863
(Decrease) increase in accounts payable and
accrued expenses 660 660 -
(Decrease) increase in due to related parties 213 (237) 450
-----------------------------------------------------
Net cash provided (used) by operating
activities (24,096) (13,783) (25,200)
-----------------------------------------------------
Cash flows from investing activities: - - -
-----------------------------------------------------
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 17,164 (9,298) -
Cash and equivalents, beginning of period - 26,462 -
-----------------------------------------------------
Cash and equivalents, end of period $ 17,164 $ 17,164 $ -
=========== ============ ========
Supplemental cash flow disclosures:
Cash paid for interest $ - $ - $ -
Cash paid for income taxes - - -
The accompanying notes are an integral part of these statements.
</TABLE>
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