SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB
ANNUAL REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1999
Commission File Number: 0-27283
THE HATHAWAY CORP.
(Exact name of Issuer as stated in its corporate charter)
Nevada 11-3499197
(State of Incorporation) (IRS Taxpayer I.D. Number)
c/o Maureen Abato, Esq., 2732 East 21st Street, Brooklyn, NY 11235
(Address of principal executive offices)
Issuer's Telephone Number: 718-769-4021
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Shares of common stock, par value $.001; not yet registered on any exchange
Check whether the Issuer: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 (the AExchange
Act@) during the past twelve 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 ninety days: Yes: x No:
Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation SB contained in this Form 10-KSB, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form: x
State Issuer's revenues for its most recent fiscal year: $0
The aggregate market value of voting stock held by nonaffiliates of the
Registrant was $ 15,000 as of April 17, 2000. (NOTE: Since no trading
activity has occurred in the common stock, the market value was computed as
the price at which the common stock was sold.)
As of April 17, 1,015,000 shares of the Registrant's common stock, par value
$.00l per share, were issued and outstanding.
DOCUMENTS INCORPORATED BY REFERENCE: Articles of Incorporation and By-laws,
previously filed with the Registrant's Form 10-SB.
<PAGE>
PART I
Item 1. Business.
The Hathaway Corp. (herein, the "Issuer;" the "Registrant" or
the "Company") conducted an offering of its securities pursuant to Regulation
D, Rule 504 during July, 1999. The Issuer's business plan involves performing
services for households and businesses in the handyman area, including the
moving of furniture, interior and exterior painting, construction of
bookcases, etc. As of the date of the Report the Company had earned revenues
of only $310, from handyman services, in response to advertisements placed in
nine local Brooklyn newspapers. Management believes that expanding its
advertising may increase its revenues. During April, 2000, an advertisement
was placed to appear in 13 Brooklyn newspapers for a four-week period.
Item 2. Properties.
The Company owns no properties and uses as its address the
office of its counsel, Maureen Abato, Esq., 2732 East 21st Street, Brooklyn,
NY 11235, without charge, including the use of certain office facilities such
as fax and telephone. This arrangement is expected to continue until the
Company has earned sufficient revenues to obtain its own office.
Item 3. Legal Proceedings.
No legal proceedings have been commenced or contemplated by
the Company, and no notice of any legal proceedings involving the Company has
been received as of the date of the Report.
Item 4. Submission of Matters to a Vote of the Security Holders.
No matters were submitted to a vote of the Company's security
holders during the period covered by this Report.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters.
(a) The Company has issued only one class of common equity
securities, its common stock, par value $.001 per share. As of the date of
the Report, no trading activity had commenced.
(b) As of April 17, 2000, the Company had 19 holders of its
common stock, including three individuals who hold restricted shares.
(c) No dividends were declared and none are anticipated in the
foreseeable future.
Item 6. Management's Discussion and Analysis of Financial Condition
and Results of Operations.
The Company believes that expanded advertising will yield
greater revenues. During April, 2000, an advertisement was placed in a total
of 13 Brooklyn newspapers, and the ad will also appear on the Website of the
Times Ledger. Management intends to continue utilizing space on a rent-free
basis in the office of its counsel, and to keep expenses to a minimum, until
it achieves revenues, if ever. In the event the Company should be
unsuccessful at generating sufficient revenues, Management may consider
permitting the Company to become a public "shell," and thereafter seeking
merger or acquisition with an active, operating company. Thereafter, its
success would depend upon the ability of Management to locate a suitable
2
<PAGE>
candidate for Business Combination and to consummate such a transaction, and
upon the eventual success of the company subsequent to such Business
Combination.
Item 7. Financial Statements and Supplementary Data.
THE HATHAWAY CORP.
[A Development Stage Company]
CONTENTS
PAGE
- Independent Auditors' Report 4
- Balance Sheet, December 31, 1999 5
- Statements of Operations, for the year ended
December 31, 1999 and from inception on
July 9, 1998 through December 31, 1998
and 1999 6
- Statement of Stockholders' Equity, from
inception on July 9, 1998 through
December 31, 1999 7
- Statements of Cash Flows, for the year ended
December 31, 1999 and from inception on
July 9, 1998 through December 31, 1998
and 1999 8
- Notes to Financial Statements 9 - 11
3
<PAGE>
INDEPENDENT AUDITORS' REPORT
Board of Directors
THE HATHAWAY CORP.
Brooklyn, NY
We have audited the accompanying balance sheet of The Hathaway Corp. [a
development stage company] at December 31, 1999, and the related statements of
operations, stockholders' equity and cash flows for the year ended December
31, 1999 and for the period from inception on July 9, 1998 through December
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 audits. The financial statements of The Hathaway
Corp. as of December 31, 1998 and for the period from inception on July 9,
1998 through December 31, 1998 were audited by other auditors whose report,
dated August 26, 1999 expressed an unqualified opinion on these financial
statements. The financial statements for the period from inception on
July 9, 1998 through December 31, 1998 reflect a net loss of $0 of the
total net loss from inception of $8,196. The other auditors' report has
been furnished to us, and our opinion, insofar as it relates to the amounts
included for such prior periods, is based solely on the report of the other
auditors.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require 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 audit provides a reasonable basis
for our opinion.
In our opinion, based on our audit and the report of the other auditors, the
financial statements audited by us present fairly, in all material respects,
the financial position of The Hathaway Corp. as of December 31, 1999, and the
results of its operations and its cash flows for the year ended December 31,
1999 and for the period from inception through December 31, 1999, in
conformity with generally accepted accounting principles.
The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 7 to the financial
statements, the Company has incurred losses since its inception and has not
yet been successful in establishing profitable operations, raising substantial
doubt about its ability to continue as a going concern. Management's plans in
regards to these matters are also described in Note 7. The financial
statements do not include any adjustments that might result from the outcome
of these uncertainties.
/s/ Pritchett, Siler & Hardy, P.C.
March 17, 2000
Salt Lake City, Utah
4
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
BALANCE SHEET
ASSETS
December 31,
1999
___________
CURRENT ASSETS:
Cash held by shareholder $ 6,946
___________
Total Current Assets $ 6,946
___________
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 807
___________
Total Current Liabilities 807
___________
STOCKHOLDERS' EQUITY:
Common stock, $.001 par value,
25,000,000 shares authorized,
1,015,000 shares issued and
outstanding 1,015
Capital in excess of par value 13,320
Deficit accumulated during the
development stage (8,196)
___________
Total Stockholders' Equity 6,139
___________
$ 6,946
___________
The accompanying notes are an integral part of this financial statement.
5
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
STATEMENTS OF OPERATIONS
From Inception
on July 9,
For the 1998 Through
Year Ended December 31,
December 31, _______________________
1999 1998 1999
____________ ___________ ___________
REVENUE, net $ 310 $ - $ 310
____________ ___________ ___________
EXPENSES:
General and administrative 7,506 - 7,506
____________ ___________ ___________
LOSS FROM OPERATIONS
BEFORE INCOME TAXES (7,196) - (7,196)
CURRENT TAX EXPENSE - - -
DEFERRED TAX EXPENSE - - -
____________ ___________ ___________
LOSS FROM CONTINUING
OPERATIONS BEFORE
CHANGE IN ACCOUNTING
PRINCIPLE (7,196) - (7,196)
CUMULATIVE EFFECT OF
CHANGE IN ACCOUNTING
PRINCIPLE (1,000) - (1,000)
____________ ___________ ___________
NET LOSS $ (8,196) $ - $ (8,196)
____________ ___________ ___________
LOSS PER COMMON SHARE:
Continuing operations $ (.01) $ - $ (.01)
Cumulative effect of change
in accounting principle (.00) - (.00)
____________ ___________ ___________
LOSS PER COMMON SHARE $ (.01) $ - $ (.01)
____________ ___________ ___________
The accompanying notes are an integral part of these financial statements.
6
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
STATEMENT OF STOCKHOLDERS' EQUITY
FROM THE DATE OF INCEPTION ON JULY 9, 1998
THROUGH DECEMBER 31, 1999
Deficit
Accumulated
Common Stock Capital in During the
_____________________ Excess of Development
Shares Amount Par Value Stage
__________ __________ ___________ ___________
BALANCE, July 9, 1998 - $ - $ - $ -
Issuance of 1,000,000 shares
of common stock July 9, 1998
at $.001 per share in exchange
for expenses of $1,000 paid by
shareholder 1,000,000 1,000 - -
Net loss for the period ended
December 31, 1998 - - - -
__________ __________ ___________ ___________
BALANCE, December 31, 1998 1,000,000 1,000 - -
Issuance of 15,000 shares
of common stock for cash,
July 1999 at $1.00 per share,
net of stock offering costs
of $1,665 15,000 15 13,320 -
Net loss for the year ended
December 31, 1999 - - - (8,196)
__________ __________ ___________ ___________
BALANCE, December 31, 1999 1,015,000 $ 1,015 $ 13,320 $ (8,196)
__________ __________ ___________ ___________
The accompanying notes are an integral part of this financial statement.
7
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
STATEMENTS OF CASH FLOWS
From Inception
on July 9,
For the 1998 Through
Year Ended December 31,
December 31, _______________________
1999 1998 1999
____________ ___________ ___________
Cash Flows From Operating Activities:
Net loss $ (8,196) $ - $ (8,196)
Adjustments to reconcile net loss to
net cash used by operating activities:
Effect of change in accounting
principle 1,000 - 1,000
Changes in assets and liabilities:
Increase in accounts payable 807 - 807
____________ ___________ ___________
Net Cash (Used) by Operating
Activities (6,389) - (6,389)
____________ ___________ ___________
Cash Flows From Investing Activities: - - -
Net Cash (Used) by Investing
Activities - - -
____________ ___________ ___________
Cash Flows From Financing Activities:
Proceeds from common stock issuance 15,000 - 15,000
Payment of stock offering costs (1,665) - (1,665)
____________ ___________ ___________
Net Cash Provided by Financing
Activities 13,335 - 13,335
____________ ___________ ___________
Net Increase in Cash 6,946 - 6,946
Cash at Beginning of Period - - -
____________ ___________ ___________
Cash at End of Period $ 6,946 $ - $ 6,946
____________ ___________ ___________
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest $ - $ - $ -
Income taxes $ - $ - $ -
Supplemental Schedule of Noncash Investing and Financing Activities:
For the Year Ended December 31, 1999
The Company expensed its organizational costs of $1,000 in accordance with
Statement of Position 98-5.
For the Period Ended December 31, 1998
Incorporation expenses of $1,000 were paid by a shareholder in exchange for
1,000,000 shares of common stock.
The accompanying notes are an integral part of these financial statements.
8
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization - The Hathaway Corp. (the Company) was organized under the laws
of the State of Nevada on July 9,1998. It intends to develop and operate a
handyman business. The services will include home repair, light construction,
carpentry, furniture moving, picture and mirror hanging, yard work, and other
related services. The Company has, at the present time, not paid any
dividends and any dividends that may be paid in the future will depend upon
the financial requirements of the Company and other relevant factors. The
Company has not generated significant revenues and is considered a development
stage company as defined in Statement of Financial Accounting Standards (SFAS)
No. 7.
Organization Costs - The Company has expensed its organization costs, which
reflect amounts expended to organize the Company, in accordance with the
Financial Accounting Standards Board's Statement of Position 98-5.
Income Taxes - The Company accounts for income taxes in accordance with
Statement of Financial Accounting Standards (SFAS) No. 109, "Accounting for
Income Taxes." This statement requires an asset and liability approach for
income taxes.
Advertising Costs - The Company expenses its advertising costs as incurred.
Loss Per Share - The computation of loss per share is based on the weighted
average number of shares outstanding during the periods presented in
accordance with Statement of Financial Accounting Standards (SFAS) No. 128,
"Earnings Per Share". [See Note 6]
Revenue Recognition - The Company recognizes revenue at the completion of
services performed.
Cash and Cash Equivalents - For purposes of the financial statements, the
Company considers all highly liquid debt investments purchased with a maturity
of three months or less to be cash equivalents.
Accounting Estimates - The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, the disclosures of contingent assets and liabilities at the date
of the financial statements, and the reported amount of revenues and expenses
during the reported period. Actual results could differ from those estimated.
Recently Enacted Accounting Standards - Statement of Financial Accounting
Standards (SFAS) No. 132, "Employer's Disclosure about Pensions and Other
Postretirement Benefits", SFAS No. 133, "Accounting for Derivative Instruments
and Hedging Activities", SFAS No. 134, "Accounting for Mortgage-Backed
Securities", SFAS No. 135, "Rescission of FASB Statement No. 75 and Technical
Corrections", SFAS No. 136, "Transfers of Assets to a not for profit
organization or charitable trust that raises or holds contributions for
others", and SFAS No. 137 "Accounting for derivative instruments and hedging
activities - deferral of the effective date of FASB statement No. 133 ( an
amendment of FASB Statement No. 133.)", were recently issued. SFAS No.
132, 133, 134, 135, 136 and 137 have no current applicability to the Company
or their effect on the financial statements would not have been significant.
9
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 2 - CASH
The Company's attorney, who is also a shareholder, currently holds cash in the
amount of $6,946, belonging to the Company in a non-interest bearing and non-
insured account.
NOTE 3 - CAPITAL STOCK
Common Stock - On July 9, 1998, the Company issued 1,000,000 shares of its
previously authorized, but unissued common stock to its attorney for providing
services valued at $1,000 related to organizing the Company.
In July 1999, the Company issued 15,000 shares of its previously authorized,
but unissued common stock. Total proceeds from the sale of stock amounted to
$15,000 (or $1.00 per share). Offering costs in the amount of $1,665 have
been charged to additional paid in capital.
NOTE 4 - RELATED PARTY TRANSACTIONS
Professional Services - A shareholder of the Company provides professional,
legal and managerial services to the Company.
Cash - A shareholder holds cash in the amount of $6,946 belonging to the
Company in a non-interest-baring and non-insured account.
NOTE 5 - INCOME TAXES
The Company accounts for income taxes in accordance with Statement of
Financial Accounting Standards No. 109 "Accounting for Income Taxes". SFAS
No. 109 requires the Company to provide a net deferred tax asset/liability
equal to the expected future tax benefit/expense of temporary reporting
differences between book and tax accounting methods and any available
operating loss or tax credit carryforwards. At December 31, 1999, the Company
has available unused operating loss carryforwards of approximately $7,500,
which may be applied against future taxable income and which expire in 2019.
The amount of and ultimate realization of the benefits from the operating loss
carryforwards for income tax purposes is dependent, in part, upon the tax laws
in effect, the future earnings of the Company, and other future events, the
effects of which cannot be determined. Because of the uncertainty surrounding
the realization of the loss carryforwards the Company has established a
valuation allowance equal to the tax effect of the loss carryforwards and,
therefore, no deferred tax asset has been recognized for the loss
carryforwards. The net deferred tax assets are approximately $2,500 and $0 as
of December 31, 1999 and 1998, respectively, with an offsetting valuation
allowance at each year end of the same amount resulting in a change in the
valuation allowance of approximately $2,500 for the year ended December 31,
1999.
10
<PAGE>
THE HATHAWAY CORP.
[A Development Stage Company]
NOTES TO FINANCIAL STATEMENTS
NOTE 6 - LOSS PER SHARE
The following data show the amounts used in computing loss per share for the
periods ended December 31, 1999 and 1998:
From Inception
on July 9,
For the 1998 Through
Year Ended December 31,
December 31, _______________________
1999 1998 1999
____________ ___________ ___________
Loss from continuing operations
available to common shareholders
(numerator) $ (7,196) $ - $ (7,196)
____________ ___________ ___________
Cumulative effect of change in
accounting principle (numerator) $ (1,000) $ - $ (1,000)
____________ ___________ ___________
Weighted average number of
common shares outstanding used
in loss per share for the period
(denominator) 1,006,329 1,000,000 1,004,278
____________ ___________ ___________
Dilutive loss per share was not presented, as the Company had no common
equivalent shares for all periods presented that would affect the computation
of diluted loss per share.
During 1999, the Company adopted Statement of Position 98-5 and accordingly
expensed its organization costs of $1,000. This has been reflected as a
cumulative effect of change in accounting principle.
NOTE 7 - GOING CONCERN
The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplate continuation of
the Company as a going concern. However, the Company has incurred losses
since its inception, and has not yet been successful in establishing
profitable operations. These factors raise substantial doubt about the
ability of the Company to continue as a going concern. In this regard,
management is proposing to raise any necessary additional funds not provided
by operations through loans and/or through additional sales of its common
stock. There is no assurance that the Company will be successful in raising
this additional capital or in achieving profitable operations. The financial
statements do not include any adjustments that might result from the outcome
of these uncertainties.
11
<PAGE>
Item 8. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure.
During March, 2000, the Company filed an 8-K advising of a
change in auditors. This was due to the fact that the Company's previous
auditor was very busy with his tax practice and did not have time to perform
the audit for The Hathaway Corp. There was no other reason for the change, and
no disagreements with accountants on any accounting or financial disclosure
matter.
PART III
Item 9. Directors, Executive Officers, Promoters and Control Persons;
Compliance with Section 16(a) of the Exchange Act.
The Company has two directors, who are also its officers and
sole promoters. Both have served in the positions shown since inception and
is expected to continue to serve until the earlier of: (a) the consummation of
a Business Combination, if Management decides that that is the best choice of
action for the Company; or (b) after the next annual meeting of shareholders
and until his/her successor has been elected and has qualified.
DZIDEDI OFORI, age 39, the Company's president and a director,
emigrated from Ghana, Africa in 1998, originally on a one-year work visa which
has been renewed for a second year. Me. Ofori has applied for a green card
and was advised by the Immigration and Naturalization Service that such
application has been approved and that his green car is on its way to him,
although it has not yet been received. Mr. Ofori attended the National
Training Institute in Ghana, where he completed Grade One and Grade Two
levels, equivalent to a college degree in this country. In Accra, Ghana, Mr.
Ofori worked for UNA Agencies, an interior design firm, from September 1989
through February 1998, where he was responsible for estimating the size and
scope of contracts and for supervising a crew of eight in the implementation
of contracts. Since September, 1998, Mr. Ofori has been in the employ of
Gallo Construction, with main offices located in Lyncroft, New Jersey. He
works as a capenter and has also, in the past offered his services on weekends
and holidays as a self-employed handyman.
ROBERT CAPEZZANO, age 52, the Company's secretary-treasurer and a
director, has owneed Capezzano Construction Corp., located in Brooklyn, New
York, since 1978. Capezzano Construction is a licensed contracting company
and since its inception has specialized in home renovation and remodelling,
construction, demolition, aluminum siding, roof repair and retarring, and
related areas. Mr. Capezzano graduated from Grady High School in Brooklyn and
was privately schooled with the Lond Island RailRoad. Mr. Capezzano
supervises crews of varying sizes and has complete responsibility for managing
his twenty-year old business.
12
<PAGE>
MAUREEN ABATO, age 41, a principal shareholder of the Company, could
be considered one of its promoters. She earned a B.A. from New York
University in 1980 and a J.D. from Brooklyn Law School in 1984. She has been
a securities lawyer in private practice in New York since 1985. Until 1989
she owned and managed Metropolitan Stock Transfer Company. During 1996-97 she
was also an associate at Singer, Zamansky, a securities law firm in New York
City. She was an officer and director of Avalon Enterprises, Inc. (now Avalon
Community Services) from 1991 to 1992. During 1989 she was counsel to and a
director of Medizone International, Inc., a public company engaged in research
and development into medical uses of ozone. From 1993 to 1997, she was an
officer and director of Coronado Communications Corp. (now Nesko Industries)
and of Davenport Ventures, Inc. (now royal Financial Corp.) During 1997 she
was an officer and director of the Enterprise (now Ehealth.com). From 1991 to
1999 she was an officer and director of Bishop Equities, Inc., which acquired
Hemex, Inc. and Aethlon, Inc. She is currently a principal shareholder in
Gold & Green, Inc. and Navarone, Inc., two companies which conducted stock
offerings pursuant to Regulation D, Rule 504, and in Fortunata, Inc., a
startup company which is contemplating conducting a securities offering. She
is also president and a director of Gold & Green, Inc., and secretary-
treasurer and a director of Navarone, Inc. She is also counsel to an
principal shareholder of Fortunata, Inc., a company which is preparing to
conduct a securities offering.
Item 10. Executive Compensation.
(a) During the year covered by the Report, the Company's
president was paid $1,000, and the secretary-treasurer was paid $1,000. Mr.
Ofori was also paid $500 for the purchase of tools, of which he spent less
than $400 on tools and kept the remainder as additional compensation. Mr.
Capezzano decided that he had sufficient tools, and kept the $500 as
additional compensation.
(b) The Company has no employment agreement with either of
its officers, both of whom are expected to continue to devote only a minimal
portion of their time to the Company's affairs, unless in the event a Business
Combination is consummated, whereupon they are expected to resign in favor of
the management of the private company acquired or merged with.
Item 11. Security Ownership of Certain Beneficial Owners and Management.
Shown in the following table are those individuals known to
the Company to be the beneficial owners of more than five percent of any class
of its voting securities, consisting of shares of common stock, par value
$.001 per share. Also shown are the number of shares beneficially owned by
the Company's directors, and by the officers and directors as a group.
13
<PAGE>
Number of Name and address Percentage of
shares owned of beneficial owner shares owned
435,000 Dzidedi Ofori 43%
590 Flatbush Avenue #4H
Brooklyn, Ny 1125
415,000 Robert Capezzano 41%
6911 Avenue Y
Brooklyn, NY 11234
150,000 Maureen Abato 15%
2732 East 21st Street
Brooklyn, NY 11235
850,000 Officers and directors
as a group (two persons) 96%
Item 12. Certain Relationships and Related Transactions.
During the period covered by the Report, the Company was not
a party to any transaction with its officers, directors, principal
securityholders or the affiliates of any of such persons, invovling an amount
exceeding $60,000. The only transactions consisted of the payment of fees to
officers and the reimbursement of certain expenses by counsel.
Item 13. Exhibits, Lists and Reports on Form 8-K.
(a) Filed herewith are an audited balance sheet and footnotes
as of December 31, 1999 and related statements of income and expenses, cash
flows and accumulated deficit for the years ended December 31, 1999 and 1998.
The following documents, previously filed with the
Company's Form 10-SB, are incorporated by reference: Articles of Incorporation
and By-laws.
(b) Reports on Form 8-K.
None filed during the period covered by the Annual
Report.
14
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SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act,
the Registrant has caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE HATHAWAY CORP.
By: s\ Dzidedi Ofori
Dzidedi Ofori, President
Dated: April 14, 2000
In accordance with the Exchange Act, this Report has been
signed below by the following persons on behalf of the Registrant and in the
capacities and on the dates indicated.
By: s\ Dzidedi Ofori
Dzidedi Ofori, President
and Director
Dated: April 14, 2000
By: s\ Robert Capezzano
Robert Capezzano, Secretary-
Treasurer and Director
Dated: April 14, 2000
SUPPLEMENTAL INFORMATION: A proxy statement is not being furnished at this
time, nor has Registrant furnished its shareholders with annual reports.
Copies of an annual report for the period covered by this Report, if
distributed subsequent to the filing date hereof, will be furnished to the
Commission when available.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
financial statments for the year ended December 31, 1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<CASH> 6,946
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 6,946
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 6,946
<CURRENT-LIABILITIES> 807
<BONDS> 0
0
0
<COMMON> 1,015
<OTHER-SE> 5,124
<TOTAL-LIABILITY-AND-EQUITY> 6,946
<SALES> 310
<TOTAL-REVENUES> 310
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 7,506
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (7,196)
<INCOME-TAX> 0
<INCOME-CONTINUING> (7,196)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> (1,000)
<NET-INCOME> (8,196)
<EPS-BASIC> (.01)
<EPS-DILUTED> (.01)
</TABLE>
