UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10QSB
(X) Quarterly report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended JUNE 30, 2000
( ) Transition report pursuant of Section 13 or 15(d) of the Securities
Exchange Act of 1939 for the transition period ____ to______
COMMISSION FILE NUMBER 000-1084133
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ET VOILA! EUROPEAN CAFES, INC.
------------------------------------------
(Exact name of registrant as specified in its charter)
Nevada 91-1903590
---------------------------------- ----------------------------------
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
827 State Street, Suite 26, Santa Barbara, CA 95682 Telephone 805 899 1299
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(Address of Principal Executive Offices, including Registrant's zip code
and telephone number)
NONE
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Former name, former address and former fiscal year, if changed
Indicate by check mark whether the registrant (1) has filed all reports 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. Yes X No
--- ---
The number of shares of the registrant's common stock as of March 31, 2000:
2,974,200 shares.
Transitional Small Business Disclosure Format (check one): Yes No X
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TABLE OF CONTENTS
-----------------
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
(a) Balance Sheet
(b) Statement of Operations
(c) Statement of Changes in Financial Position
(d) Statement of Shareholders' Equity
(e) Notes to Financial Statements
Item 2. Management's Discussion and Analysis
of Financial Condition and Results of Operations
Item 3. Risks
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
Item 2. Changes in Securities and Use of Proceeds
Item 3. Defaults On Senior Securities
Item 4. Submission of Items to a Vote
Item 5. Other Information
Item 6
(a) Exhibits
(b) Reports on Form 8K
SIGNATURES
FINANCIAL DATA SCHEDULE
[CAPTION]
Et Voila! European Cafes, Inc.
(A Development Stage Company)
BALANCE SHEET
As of March 31, 2000 and December 31, 1999
March 31 December 31
2000 1999
ASSETS
Current Assets:
Cash $ 676 $ 2200
Total Current Assets ------- ------
676 2200
------- ------
TOTAL ASSETS $ 676 $ 2200
______ _______
------ -------
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities
Total Current Liabilities $ -- $ --
------ ------
Stockholders' Equity:
Common stocks, $.001 par value
Authorized shares - 25,000,000
Issued and outstanding shares
2,974,200 issued and outstanding 16,126 2,974
Capital in excess of par value 2,974 16,126
Deficit accumulated during
development stage (18,424) (16,900)
------- -------
Total Stockholders' Equity 676 2,200
------- -------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 676 $ 2,200
_______ _______
------- -------
[CAPTION]
Et Voila! European Cafes, Inc.
(A Development Stage Company)
STATEMENT OF INCOME FOR THE SIX MONTHS ENDED
June 30, 2000 and June 30, 1999 AND FROM APRIL 8, 1998
(INCEPTION) THROUGH DECEMBER 31, 1999
Cumulative
During
Development June 30 June 30
Stage 2000 1999
Income
Sales $ -0- -0- -0-
----- -------- --------
Total Income - - -
----- -------- --------
Expenses:
General & Administrative Expenses 18,424 1,524 16,900
------- --------- --------
Total Expenses 18,424 1,524 16,900
------- --------- --------
Net loss (18,424) (1,524) (16,900)
======== ======= ======
Loss per common share $(0.00) $(0.00)
======= ======
[CAPTION]
Et Voila! European Cafes, Inc.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2000
AND FOR THE SIX MONTHS ENDED JUNE 30, 1999
AND FROM APRIL 8, 1998 (INCEPTION) THROUGH
DECEMBER 31, 1999
Cumulative
During
Development June 30 June 30
Stage 2000 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss $ ( 18,424) $ ( 1,524) $ (16,900)
Adjustments to reconcile
net cash provided by
operating activities:
Stocks issued for services 16,900 - 16,900
-------- -------- -----
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES (1,524) (1,524) -
------ ------ -----
INCREASE IN CASH - - -
------- ------ -----
INCREASE IN CASH 676 (1,524) 2,200
BEGINNING CASH - 2,200 -
------- ----- ------
ENDING CASH $ 676 676 2,200
======= ===== ======
NON CASH DISCLOSURE
Stocks issued for services $16,900 $ - $ 16,900
[CAPTION]
Et Voila! European Cafes, Inc.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF STOCKHOLDERS' EQUITY
FROM APRIL 8, 1998 (INCEPTION)
THROUGH JUNE 30, 2000
Common Paid Accumulated
Number of Stock In Retained
Shares @Par Value Capital Deficit
----------- ---------- ------- -----------
Stocks issued for cash-1998 2,200 2 2,198
Stocks issued for services 2,972,000 2,972 13,928
Net loss - December 31, 1998 $(16,900)
December 31, 1997
--------- -------- -------
Balance at December 31, 1998 2,974,200 2,974 16,126 (16,900)
--------- -------- -------
Net loss-December 31, 1999 ( 1,524)
--------- -------- ------- ---------
2,974,200 2,974 16,126 (16,900)
Balance at June 30, 2000 ========= ===== ======= =======
[CAPTION]
Et Voila! European Cafes, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
NOTE 1. DESCRIPTION OF THE BUSINESS
Et Voila! European Cafes, Inc. (the Company) was incorporated under the laws of
the state of Nevada on April 8, 1998. The purpose for which the Corporation is
organized is to engage in any lawful act or activity for which a corporation
may be organized under the General Corporation Law of the State of Nevada
including, without limitation, to engage in a business of marketing the concept
of a fast food restaurant European style. The Company has been in the
development stage since its formation on April 8, 1998. Planned principal
operations have not commenced since then. There were no significant activities
from its inception date through December 31, 1999.
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES
A. The Company uses the accrual method of accounting.
B. Revenues and directly related expenses are recognized in the period when
the goods are shipped to the customers.
C. The Company considers all short term, highly liquid investments that are
readily convertible, within three months, to known amounts as cash equivalents.
The Company currently has no cash equivalents.
D. Primary Earnings Per Share amounts are based on the weighted average number
of shares outstanding at the dates of the financial statements. Fully Diluted
Earnings Per Shares shall be shown on stock options and other convertible
issues that may be exercised within ten years of the financial statement dates.
E. Estimates: The preparation of the financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the amounts reported in the financial statements
and accompanying notes. Actual results could differ from those estimates.
PART I. FINANCIAL INFORMATION
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations
THIS ANALYSIS CONTAINS FORWARD-LOOKING COMMENTS WHICH ARE BASED ON CURRENT
INFORMATION. ACTUAL RESULTS IN THE FUTURE MAY DIFFER MATERIALLY.
The Company is engaged in the business of establishing a chain of European style
fast food restaurants. The Company has not yet commenced operations.
PART II. OTHER INFORMATION
Item 1. Legal proceedings
The Company is involved in an Interpleader lawsuit brought against he Company
and Adnan Khalil and Shanin Azarmehr, in the Third Judicial District Court for
Salt Lake County in the state of Utah, Case No. 000903425. The lawsuit concerns
the company's refusal to allow Mr. Khalil to transfer his stock, as he has not
paid for the same, by failing to provide an agreed upon inventory of equipment
to the company.
Item 2. Changes in securities and use of proceeds NONE
Item 3. Defaults on senior securities NONE
Item 4. Submission of items to a vote NONE
Item 5. Other information NONE
Item 6.
a) Exhibits NONE
b) Reports on 8K NONE
SIGNATURES
In accordance with the requirements of the Securities and Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
ET VOILA! EUROPEAN CAFES, INC.
Dated: June 30, 2000 By: Jeffrey Volpe
---------------------------
Jeffrey Volpe, President
Dated: June 30, 2000 By: Agata Gotova
-------------------------------------
Agata Gotova, Chief Financial Officer
[TYPE]EX-27
<SEQUENCE>2
[DESCRIPTION]FINANCIAL DATA SCHEDULE
[ARTICLE] 5
[MULTIPLIER] 1
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-START] JAN-01-2000
[PERIOD-END] JUN-30-2000
[CASH] 0
[SECURITIES] 0
[RECEIVABLES] 0
[ALLOWANCES] 0
[INVENTORY] 0
[CURRENT-ASSETS] 676
[PP&E] 676
[DEPRECIATION] 0
[TOTAL-ASSETS] 676
[CURRENT-LIABILITIES] 676
[BONDS] 0
[PREFERRED-MANDATORY] 0
[PREFERRED] 0
[COMMON] 16,126
[OTHER-SE]
[TOTAL-LIABILITY-AND-EQUITY] 676
[SALES] 0
[TOTAL-REVENUES] 0
[CGS] 0
[TOTAL-COSTS] 0
[OTHER-EXPENSES] 0
[LOSS-PROVISION] (18,424)
[INTEREST-EXPENSE] 0
[INCOME-PRETAX] (18,424)
[INCOME-TAX] 0
[INCOME-CONTINUING] (18,424)
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] (18,424)
[EPS-BASIC] (.00)
[EPS-DILUTED] (.00)
