UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-SB - 1ST AMENDMENT
GENERAL FORM FOR REGISTRATION OF SECURITIES
OF SMALL BUSINESS ISSUERS
Under Section 12(b) or (g) of The Securities Exchange Act of 1934.
ENGENYOUS Technologies, Inc
(Name of Small Business Issuer in its charter)
Delaware 13-375-4705
(State or other jurisdiction (I.R.S. Employer Identification No)
of incorporation or organization)
400 S Dixie Highway Hallandale Beach Fl 33009
(Adress of principal executive offices) (Zip Code)
Issuer's telephone number (954) 458-3311
Securities to be registered pursuant to Section 12 (b) of the Act
Title of each class Name of each exchange on
which registrered
NONE NONE
Securities to be registered purusant to Section 12(g) of the Act.
COMMON STOCK CLASS A
PART F/S
As requested by your letter dated September 13, 1999 fILE NO 0-27285
included are the audited financial statements required and
the exhibit 27 Financial Schedule according to these statements.
INDEPENDENT AUDITOR'S REPORT
The Board of Directors and Shareholders
ENGENYOUS Technologies Inc,
Hallandale Beach, Florida
We have audited the balance sheet of ENGENYOUS Technologies
Inc as of July 31, 1999, and the related statements of operations,
shareholders' equity and cash flows for the year ended July 31,
1999. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion
on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted
auditing standards. Those standards required that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of ENGENYOUS
Technologies Inc as of July 31, 1999, and the results of operations
and its cash flows for the year ended July 31, 1999, in conformity
with generally accepted accounting principles.
Pat Rogers
Certified Public Accountant
Hollywood, Florida
September 25, 1999
ENGENYOUS Technologies, Inc.
Balance Sheet (Audited)
July 31, 1999
<TABLE>
<C>
ASSETS <C>
Current Assets
Cash 4.275
Trade Receivable 37.005
Inventory (Note 2) 110.650
------------
TOTAL Current Assets 151.975
Property & Equipment (Net)(Note 2) 77.546
Research & Development(Note 2) 301.809
------------
TOTAL Assets $ 531.330
=========
Liabilities & Stockholders' Equity
--------------------------------------------
Current Liabilities
Trade Acct. Payable 36.267
Current Potion L/T Debt(Note 3) 41.750
------------
TOTAL Current Liabilities 78.017
Long Term Liabilities 0
TOTAL Long Term Liabilities 0
Stockholders' Equity
Common Stock $.001 par value (Note 5) 5.000
Authorized - 20.000.000 Shares
Issued and Outstanding - 3.433.500 Shares
Share Premium 236.350
Additional paid in Capital 64.600
Retained Earnings 147.363
----------
Total Stockholders" Equity $ 453.313
-----------
Total Liabilities & Stockholders' Equity $ 531.330
===========
</TABLE>
See accompanying notes to financial statements.
ENGENYOUS Technologies, Inc.
Statement of Income & Retained Earnings (Audited)
Supplementary Information (Audited) Schedule
For twelve months ended July 31, 1999
<TABLE>
<C> <C>
Revenue
Sales $ 402.500
* TOTAL $ 402.500
===========
Cost of Sales
Purchase $ 199.640
* TOTAL $ 199.640
===========
*NET SALES $ 202.860
===========
Selling Expenses
Advertising 23.095
Advertising Printing 39.683
Travel & Entertainment 19.700
* TOTAL $ 82.478
===========
General Expenses
Accounting $ 7.500
Payroll 7.000
Depreciation 4.602
Legal Fee 8.750
Offices 4.275
Bank 3.072
Postage 5.585
Telephone 6.346
Rent 12.406
Electric 605
Misc 3.763
*TOTAL $ 63.904
===========
*TOTAL EXPENSES $ 146.382
*NET $ 56.478
</TABLE>
See accompanying notes to financial statements.
NOTES TO FINANCIAL STATEMENTS
Note 1 Business Overview
ENGENYOUS technologies Inc ("The Company") develops and
markets encryption software and language software. The technology
related to the encryption software and language software was
developed by the Company's founder, Clyde Smyth. The Company
markets its products to Distributors, Resellers, Government
Agencies, Individual Users and on the Internet. The Company has
developed a new technology for the delivery of electronic documents
with evidence tracking over the Internet and has two patents pending
for this technology. The Company also, has become a provider of e-
commerce web sites. The sites create new business in cyberspace
in ten languages. The Company is structured as a "C" corporation,
incorporated in Delaware in April 1998.
Note 2 Summary of Significant Accounting Policies
The accompanying financial information as of July 31, 1999 which
are, in the opinion of management, fairly present such information in
accordance with generally accepted accounting principles.
Property and Equipment
Property and Equipment are stated at cost. Depreciation on the
property and equipment is computed using the straight-line method
over seven years.
Research and Development
Research and development will be amortized over seven years in
accordance with generally accepted accounting principles.
Product Inventory
Product Inventory is stated at actual cost and has not assigned any
sales cost in accordance to the generally accounting principles.
Line of Credit
The Company has a revolving line of credit with Regent Bank that
provides maximum borrowing of $40,000 with interest payable at
prime plus 1% (10,25% at July 31,1999). The line is renewable on an
annual basis and guaranteed by the primary stockholder. The
company has borrowed against the line of credit.
Item 1. Index to Exhibits - amended accordingly to uadited
Financial StatementS dated July 31, 1999
27.1 Financial Data Schedule Statement dated July 31, 1999
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the registrant has duly caused this
registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized.
/ S /
Clyde Smyth
(Registrant)
Date: October 15, 1999
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
FORMATION EXTRACTED FROM BALANCE SHEET 073199
ANDINCOME STATEMENT 073199 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS
FINANCIAL DATA SCHEDULE
<C> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JULY-31-1999
<PERIOD-START> AUGUST-01-1998
<PERIOD-END> JULY-31-1999
<CASH> 4.275
<SECURITIES> 0
<RECEIVABLES> 37.005
<ALLOWANCES> 0
<INVENTORY> 110.650
<CURRENT-ASSETS> 151.975
<PP&E> 0
<DEPRECIATION> 4.602
<TOTAL-ASSETS> 531.330
<CURRENT-LIABILITIES> 78.017
<BONDS> 0
0
0
<COMMON> 5.000
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 531.330
<SALES> 402.500
<TOTAL-REVENUES> 402.500
<CGS> 0
<TOTAL-COSTS> 199.640
<OTHER-EXPENSE> 146.382
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY 0
<CHANGES> 0
<NET-INCOME> 56.478
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
