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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
(Mark One)
(X) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the quarterly period ended September 30, 1999
( ) For the transition period from __________ to __________
Commission file number: 000-26141
NOBLE ONIE, INC.
(Exact name of small business issuer as specified in its charter)
NEVADA 88-0350154
(State or other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
5333 S. Arville St.
Las Vegas, NV 89118
(650) 917-7460 - telephone
(Address of principal executive offices)
Check whether the issuer: (1) 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 issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
Yes X No
--- ---
The issuer had 250,000 shares of its no par value Common Stock issued and
outstanding as of September 30, 1999.
Transitional Small Business Disclosure Format (check one)
Yes No X
--- ---
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NOBLE ONIE, INC.
INDEX
PART I. FINANCIAL INFORMATION
PAGE NO.
Item 1. Financial Statements
Comparative Unaudited Balance Sheet as of September 30, 1999
and September 30, 1998
Comparative Unaudited Statements of Operations for the Three
Months Ended September 30, 1999 and the Three Months Ended
September 30, 1998, and for the Nine Months Ended September
30, 1999, and the Nine Months Ended September 30, 1998
Comparative Unaudited Statements of Cash Flows for the Three
Months Ended September 30, 1999 and the Three Months Ended
September 30, 1998 and for the Nine Months Ended September 30,
1999, and the Nine Months Ended September 30, 1998
Notes to the Unaudited Financial Statements
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
Item 2. Changes in Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Submission of Matters to a Vote of Security Holders
Item 5. Other Information
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PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Comparative Unaudited Balance Sheet as of September 30, 1999 and
September 30, 1998
Comparative Unaudited Statements of Operations for the Three Months
Ended September 30, 1999 and the Three Months Ended September 30, 1998
and for the Nine Months Ended September 30, 1999, and the Nine Months
Ended September 30, 1998
Comparative Unaudited Statements of Cash Flows for the Three Months
Ended September 30, 1999 and the Three Months Ended September 30, 1998
and for the Nine Months Ended September 30, 1999, and the Nine Months
Ended September 30, 1998
Ended September 30, 1998
Notes to the Unaudited Consolidated Financial Statements
1
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Stockholders and Board of Directors
Noble Onie, Inc.
Las Vegas, Nevada
We have compiled the accompanying balance sheet of Noble Onie, Inc. as of
September 30, 1999 and September 30, 1998 and the related statements of
operations, statement of cash flows for the three months and nine months ended,
September 30, 1999 and September 30, 1998 in accordance with Statements on
Standards for Accounting and Review Services issued by the American Institute of
Certified Public Accountants.
A compilation is limited to presenting in the form of financial statements
information that is the representation of management. We have not audited or
reviewed the accompanying financial statements and, accordingly, do not express
an opinion or any other form of assurance on them.
The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 3 to the financial
statements, the Company has had no operations and has established no source of
revenue. This raises substantial doubt about its ability to continue as a going
concern. Management's plans in regard to these matters are also described in
Note 2. The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.
Las Vegas, Nevada
December 13, 1999
2
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<TABLE>
<CAPTION>
SEPTEMBER 30, 1999 SEPTEMBER 30, 1998
<S> <C> <C>
CURRENT ASSETS
CASH $ 0 $ 0
--------- ---------
TOTAL CURRENT ASSETS 0 0
TOTAL ASSETS $ 0 $ 0
========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE $ 0 $ 0
--------- ---------
TOTAL CURRENT LIABILITIES 0 0
STOCKHOLDERS' EQUITY
COMMON STOCK, 25,000,000
SHARES AUTHORIZED AT
PAR VALUE $.001 PER HARE,
250,000 COMMON SHARES ISSUED
AND OUTSTANDING 250.00 250.00
ADDITIONAL PAID IN CAPITAL 2,250.00 2,250.00
DEFICIT ACCUMULATED DURING
DEVELOPMENT STAGE (2,500.00) (2,500.00)
--------- ---------
TOTAL STOCKHOLDERS' EQUITY 0 0
--------- ---------
TOTAL LIABILITIES
AND STOCKHOLDERS EQUITY $ 0 $ 0
========= =========
</TABLE>
See notes and accountant's compilation report.
3
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NOBLE ONIE, INC.
STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>
JULY 1 TO JANUARY 1 TO JULY 1 TO JANUARY 1 TO
SEPTEMBER 30,1999 SEPTEMBER 30,1999 SEPTEMBER 30,1998 SEPTEMBER 30,1998
<S> <C> <C> <C> <C>
INCOME
REVENUE $ 0 $ 0 $ 0 $ 0
----------------- ------------------ ----------------- -----------------
TOTAL INCOME $ 0 $ 0 $ 0 $ 0
================= ================== ================= =================
EXPENSES
GENERAL AND 0 0 0 0
ADMINISTRATIVE 0 0 0 0
----------------- ------------------ ----------------- -----------------
TOTAL EXPENSES
NET PROFIT (LOSS) $ 0 $ 0 $ 0 $ 0
================= ================== ================= =================
NET PROFIT (LOSS)
PER SHARE $ 0.0000 $ 0.0000 $ 0.0000 $ 0.0000
================= ================== ================= =================
</TABLE>
See notes and accountant's compilation report.
4
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NOBLE ONIE, INC.
STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
JULY 1 TO JANUARY 1 TO JULY 1 TO JANUARY 1 TO
SEPTEMBER 30,1999 SEPTEMBER 30,1999 SEPTEMBER 30,1998 SEPTEMBER 30,1998
<S> <C> <C> <C> <C>
CASH FLOWS FROM
OPERATING ACTIVITIES $ 0 $ 0 $ 0 $ 0
----------------- ------------------ ----------------- -----------------
NET LOSS $ 0 $ 0 $ 0 $ 0
================= ================== ================= =================
CASH FLOWS FROM
FINANCING ACTIVITIES $ 0 $ 0 $ 0 $ 0
----------------- ------------------ ----------------- -----------------
ISSUE COMMON STOCK $ 0 $ 0 $ 0 $ 0
----------------- ------------------ ----------------- -----------------
NET INCREASE (DECREASE) TO
CASH
CASH, BEGINNING OF PERIOD $ 0 $ 0 $ 0 $ 0
================= ================== ================= =================
CASH, END OF PERIOD $ 0 $ 0 $ 0 $ 0
================= ================== ================= =================
</TABLE>
See notes and accountant's compilation report.
5
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NOBLE ONIE, INC.
Notes to Financial Statements
September 30, 1999 and September 30, 1998
Note 1: Nature of Business
The Company was incorporated October 11, 1995 under the laws of the
State of Nevada for any lawful purpose. The Company currently has no
operations and, in accordance with SFAS #7, can be considered a
development stage company.
The Company has not determined its accounting policies and procedures,
except as follows:
A. The Company uses the accrual method of accounting.
B. Earning per share is computed using the weighted average
number of shares of common stock outstanding.
C. The Company has not yet adopted any policy regarding payment
dividends of dividends. No dividends have been paid since
inception.
Note 2: Going Concern
The Company's financial statements are prepared using the generally
accepted accounting principles applicable to a going concern, which
contemplates the realization of assets and liquidation of liabilities
in the normal course of business. However, the Company has no current
source of revenue. Without realization of additional capitals, it
would be unlikely for the Company to continue as a going concern.
See accountant's report.
6
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PART I - FINANCIAL INFORMATION continued
Item 2 Management's Discussion and Analysis of Financial Condition and Results
of Operations
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
THE COMPANY
The Company was incorporated on December 12, 1995 in the State of Nevada to
engage I the land acquisition business and any other lawful corporate business.
Other than issuing shares to its original shareholders, the Company never
commenced operations.
RESULTS OF OPERATIONS
The Company had no operations during this quarter.
7
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PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
To the best knowledge of management, there are no litigation matters
pending or threatened against the Company which are not in the ordinary course
of business.
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
ITEM 5. OTHER INFORMATION
None.
ITEM 6. EXHIBITS
(a) EXHIBITS:
(27) Financial Data Schedule
8
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SIGNATURES
In accordance with Section 12 of the Securities Exchange Act of 1934, as
amended, the Registrant caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized.
NOBLE ONIE, INC.
/s/ John Katter
-------------------------------
By: John Katter
Its: President
9
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS YEAR YEAR YEAR
<FISCAL-YEAR-END> MAR-31-1999 DEC-31-1998 DEC-31-1997 DEC-31-1996
<PERIOD-START> JAN-01-1999 JAN-01-1998 JAN-01-1997 JAN-01-1996
<PERIOD-END> MAR-31-1999 DEC-31-1998 DEC-31-1997 DEC-31-1996
<CASH> 0 0 0 0
<SECURITIES> 0 0 0 0
<RECEIVABLES> 0 0 0 0
<ALLOWANCES> 0 0 0 0
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 0 0 0 0
<PP&E> 0 0 0 0
<DEPRECIATION> 0 0 0 0
<TOTAL-ASSETS> 0 0 0 0
<CURRENT-LIABILITIES> 0 0 0 0
<BONDS> 0 0 0 0
0 0 0 0
0 0 0 0
<COMMON> 250 250 250 250
<OTHER-SE> 2,250 2,250 2,250 2,250
<TOTAL-LIABILITY-AND-EQUITY> 0 0 0 0
<SALES> 0 0 0 0
<TOTAL-REVENUES> 0 0 0 0
<CGS> 0 0 0 0
<TOTAL-COSTS> 0 0 0 0
<OTHER-EXPENSES> 0 0 0 2,500
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 0 0 0 0
<INCOME-PRETAX> 0 0 0 0
<INCOME-TAX> 0 0 0 0
<INCOME-CONTINUING> 0 0 0 (2,500)
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 0 0 0 (2,500)
<EPS-BASIC> 0.000 0.000 0.000 (0.010)
<EPS-DILUTED> 0.000 0.000 0.000 (0.010)
</TABLE>
