U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended September 30, 1999
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
-------------- ------------------
Commission File No.
0-27305
GAMEPLAN, INC.
(Name of Small Business Issuer in its Charter)
NEVADA 87-0493596
(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
3701 FAIRVIEW ROAD
RENO, NV 98511
(Address of Principal Executive Offices)
Issuer's Telephone Number: (775)853-3980
None, Not Applicable;
-----------
(Former Name or Former Address, if changed since last Report)
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 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.
(1) Yes X No (2) Yes No X
---- ---- ---- ----
<PAGE>
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
None, Not Applicable;
APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares
outstanding of each of the Registrant's classes of common stock, as of the
latest practicable date:
September 30, 1999
15,225,000
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements.
The Financial Statements of the Registrant required to be filed with this
10-QSB Quarterly Report were prepared by management and commence on the
following page, together with related Notes. In the opinion of management, the
Financial Statements fairly present the financial condition of the Registrant.
<PAGE>
<TABLE>
<CAPTION>
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Balance Sheet
(Unaudited)
ASSETS
September 30, 1999
-----------------------
Current Assets
<S> <C>
Cash $ 3,856
-----------------------
Total Current Assets 3,856
Equipment, net 10,265
Other Assets 0
-----------------------
TOTAL ASSETS $ 14,121
=======================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued liabilities $ 24,927
----------------------
Total Current Liabilities 24,927
Long-term liabilities
Notes payable 258,938
----------------------
Total Liabilities 283,865
Stockholders' Equity
Common stock 15,225
Additional paid in capital 727,566
Accumulated deficit during development stage (1,012,535)
----------------------
Total Stockholders' Equity (269,744)
----------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,121
======================
See accompanying notes and Independent Accountants' report
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Statements of Operations
(Unaudited)
For the Three For the Three
Months Ended Months Ended
September 30, 1999 September 30, 1998
----------------------- -----------------------
<S> <C> <C> <C>
Revenues $ -0- $ -0-
----------------------- -----------------------
General and administrative
expense 14,772 1,240
----------------------- -----------------------
Operating Loss (14,772) (1,240)
----------------------- -----------------------
Net Loss $ (14,772) $ (1,240)
======================= =======================
Net Loss per Share $ (0.01) $ (0.01)
======================= =======================
Weighted Average Number
of Shares Outstanding
15,225,000 15,200,000
======================= =======================
See accompanying notes and Independent Accountants' report
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Statements of Operations
(Unaudited)
For the Nine For the Nine
Months Ended Months Ended
September 30, 1999 September 30, 1998
----------------------- -----------------------
<S> <C> <C> <C> <C>
Revenues $ -0- $ -0-
----------------------- -----------------------
General and administrative
expense 35,601 12,923
----------------------- -----------------------
Operating Loss (35,601) (12,923)
----------------------- -----------------------
Net Loss $ (35,601) $ (12,923)
======================= =======================
Net Loss per Share $ (0.01) $ (0.01)
======================= =======================
Weighted Average Number
of Shares Outstanding
15,216,667 15,200,000
======================= =======================
See accompanying notes and Independent Accountants' report
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Statements of Cash Flows
(Unaudited)
For the Three For the Three
Months Ended Months Ended
September 30, 1999 September 30, 1998
----------------------- -----------------------
Cash Flows Used for Operating Activities:
<S> <C> <C>
Net Loss $ (14,772) $ (1,240)
Adjustments to reconcile net loss to
net cash used for operating activities:
Depreciation
----------------------- -----------------------
Net Cash Flows Used for Operating Activities (14,772) (1,240)
Cash Flows Used for Investing Activities:
----------------------- -----------------------
Net Cash Flows Used for Investing Activities -0- -0-
Cash Flows Provided by Financing Activities
Principal increase shareholder loan 21,500 1,500
----------------------- -----------------------
Net Cash Flows Provided by Financing 21,500 1,500
Activities
Net Increase (Decrease) in Cash 6,728 260
Beginning Cash Balance (2,872) 708
----------------------- -----------------------
Ending Cash Balance $ 3,856 $ 968
======================= =======================
See accompanying notes and Independent Accountants' report
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Statements of Cash Flows
(Unaudited)
For the Nine For the Nine
Months Ended Months Ended
September 30, 1999 September 30, 1998
----------------------- -----------------------
Cash Flows Used for Operating Activities:
<S> <C> <C>
Net Loss $ (35,601) $ (12,922)
Adjustments to reconcile net loss to
net cash used for operating activities:
Depreciation 3,764
Increase in other current assets
Increase (decrease) in current liabilities
----------------------- -----------------------
Net Cash Flows Used for Operating Activities (31,837) (12,922)
Cash Flows Used for Investing Activities:
----------------------- -----------------------
Net Cash Flows Used for Investing Activities -0- -0-
Cash Flows Provided by Financing Activities
Principal increase shareholder loan 33,000 13,850
Stock issued for options 2,500
----------------------- -----------------------
Net Cash Flows Provided by Financing 35,500 13,850
Activities
Net Increase (Decrease) in Cash 3,663 928
Beginning Cash Balance 193 41
----------------------- -----------------------
Ending Cash Balance $ 3,856 $ 969
======================= =======================
See accompanying notes and Independent Accountants' report
</TABLE>
<PAGE>
GAMEPLAN, INC.
[A Development Stage Company]
Notes to Condensed Financial Statements
August 31, 1999
PRELIMINARY NOTE
The accompanying condensed consolidated financial statements have been
prepared without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and disclosures
normally included in financial statements prepared in accordance with
generally accepted accounting principles have been condensed or omitted.
It is suggested that these condensed financial statements be read in
conjunction with the financial statements and notes thereto included in
the Company's Annual Report on Form 10-KSB for the year ended December
31, 1998.
ORGANIZATION AND MERGER
GamePlan, Inc. ("GamePlan" or "Company") was originally incorporated
under the laws of the State of Utah on August 26, 1981, as Sunbeam
Solar, Inc. The Company was dormant until April 27, 1984, at which time
common stock was issued. On December 23, 1991, the Company entered into
a plan of merger with GamePlan, Inc., a Nevada corporation. GamePlan,
Inc. was the surviving corporation. The Company is in the development
stage and is exploring new ideas for its planned principal operations.
COMMON STOCK
On February 4, 1999, a director exercised options to purchase 25,000
shares of common stock at $0.10 per share. The Company received $2,500
on March 25, 1999.
<PAGE>
Item 2.Management's Discussion and Analysis or Plan of Operation. Plan of
Operation.
The Company has not engaged in any material operations in the period ending
September 30, 1999, or since before April 1986. The Company intends to
continue to seek out the acquisition of assets, property or business that
may be beneficial to the Company and its stockholders.
The Company's only foreseeable cash requirements during the next 12 months
will relate to maintaining the Company in good standing in the State of
Nevada, keeping its reports "current" with the Securities and Exchange
Commission or the payment of expenses associated with reviewing or
investigating any potential business venture. Management does not
anticipate that the Company will have to raise additional funds during the
next 12 months, however, if additional moneys are needed, they may be
advanced by management or principal stockholders as loans to the Company.
Because the Company has not identified any such venture as of the date of
this Report, it is impossible to predict the amont of any such loan.
However, any such loan will not exceed $100,000 without prior board
approval, and will be on terms no less favorable to the Company than would
be available from a commercial lender in an arm's length transaction. As of
the date of this Report, the Company has not begun seeking any strategic
alliances.
Results of Operations.
The Company has had no operations during the quarterly period ended
September 30, 1999, or since on or before approximatly 1986. During the
quarterly period covered by this Report, the Company received no revenue
and incurred expenses of $1,132, stemming from general, administrative and
tax expenses.
Liquidity
At September 30, 1999, the Company had total current assets of $0 and total
liabilities of $1,390.
Year 2000.
Because the Company is not presently engaged in any substantial business
operations, management does not believe that computer problems associated
with the change of year to the year 2000 will have any material effect on
its operations. However, the possiblity exists that the Company may merge
with or acquire a business that will be negatively affected by the "Y2K"
problem. The effect of such problem or the Company in the future can not be
predicted with any accuracy until such time as the Comnpany identifies a
merger or acquisition target.
PART II - OTHER INFORMATION
Item 1.Legal Proceedings.
None; not applicable.
Item 2.Changes in Securities.
None; not applicable
Item 3.Defaults Upon Senior Securities.
None; not applicable.
Item 4.Submission of Matters to a Vote of Security Holders.
None; not applicable
Item 5.
The company filed a Form 10-SB Registration Statement on September
27, 1999, and has been notified by the Securities and Exchange Commission
that the filing is cleared from all comments and will be effective on
November 23, 1999.
Item 6.Exhibits and Reports on Form 8-K.
None; not applicable
(b)Reports on Form 8-K.
None; Not Applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
GAMEPLAN, INC.
Date: 11/11/99 /S/ ROBERT G. BERRY
--------------------------------------
Robert G. Berry, President and Director
Date: 11/11/99 /S/ SHAYNE DEL COHEN
--------------------------------------
Shayne Del Cohen, Secretary and Director
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 1095146
<NAME> GAMEPLAN, INC.
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> SEP-30-1999
<EXCHANGE-RATE> 1
<CASH> 3,856
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 3,856
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 24,927
<BONDS> 0
0
0
<COMMON> 15,225
<OTHER-SE> (284,969)
<TOTAL-LIABILITY-AND-EQUITY> 14,121
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 14,772
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (14,772)
<EPS-BASIC> (0.01)
<EPS-DILUTED> (0.01)
</TABLE>
