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 MARCH 31, 2000
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO ____________.
Commission File No. 0-27435
GAMEPLAN, INC.
(Name of Small Business Issuer in its Charter)
Nevada 87-0493596
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
3701 Fairview Road
Reno, Nevada 98511
(Address of Principal Executive Offices) (Zip Code)
(775) 853-3980
(Issuer's Telephone Number)
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. Yes X No __
As of May 10, 2000, there were 15,225,000 shares of the Registrant's Common
Stock issued and outstanding.
Transitional Small Business Disclosure Format
(Check One): Yes X No __
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PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
GAMEPLAN, INC.
[A Development Stage Company]
Condensed Consolidated Balance Sheet
ASSETS
Unaudited Audited
March 31, December 31,
2000 1999
--------------- ----------------
Current Assets
Cash $ 561 $ 3,400
--------------- ----------------
Total Current Assets 561 3,400
Equipment, net 7,047 8,051
Other Assets 0 0
--------------- ----------------
TOTAL ASSETS $ 7,608 $ 11,451
=============== ================
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current Liabilities
Accrued liabilities $ 0 $ 0
--------------- ----------------
Total Current Liabilities 0 0
Long-term liabilities
Notes payable 296,808 291,904
--------------- ----------------
Total Liabilities 296,808 291,904
Stockholders' Equity
Common stock 15,225 15,225
Additional paid in capital 727,566 727,566
Accumulated deficit during
development stage (1,031,991) (1,023,244)
--------------- ----------------
Total Stockholders' Equity (289,200) (280,453)
--------------- ----------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY
$ 7,608 $ 11,451
=============== ================
See accompanying notes
2
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GAMEPLAN, INC.
[A Development Stage Company]
Condensed Consolidated Statements of Operations
(Unaudited)
For the Three For the Three
Months Ended Months Ended
March 31, 2000 March 31, 1999
--------------------------------------
Revenues $ -0- $ -0-
--------------------------------------
General and administrative
expense 1,543 3,774
--------------------------------------
Operating Loss (1,543) (3,774)
Interest Expense 7,204
--------------------------------------
Net Loss $ (8,747) $ (3,774)
======================================
Net Loss per Share $ (0.01) $ (0.01)
======================================
Weighted Average Number
of Shares Outstanding
15,225,000 15,212,500
======================================
See accompanying notes
3
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GAMEPLAN, INC.
[A Development Stage Company]
Condensed Consolidated Statements of Cash Flows
(Unaudited)
For the Three For the Three
Months Ended Months Ended
March 31, 2000 March 31, 1999
--------------------------------------
Cash Flows Used for Operating Activities:
Net Loss $ (8,747) $ (3,774)
Adjustments to reconcile net loss to
net cash used for operating activities:
Depreciation 1,004 1,882
--------------------------------------
Net Cash Flows Used for Operating
Activities (7,743) (1,892)
Cash Flows Used for Investing Activities:
--------------------------------------
Net Cash Flows Used for Investing
Activities -0- -0-
Cash Flows Provided by Financing
Activities
Increase shareholder loan 4,904 1,500
Issued stock for cash (option) 2,500
--------------------------------------
Net Cash Flows Provided by Financing
Activities 4,904 4,000
Net Increase (Decrease) in Cash (2,839) 2,108
Beginning Cash Balance 3,400 193
--------------------------------------
Ending Cash Balance $ 561 $ 2,301
======================================
See accompanying notes
4
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GAMEPLAN, INC.
[A Development Stage Company]
Notes to Condensed Consolidated Financial Statements
March 31, 2000
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, 1999.
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.
On September 22, 1999, the Company created a wholly-owned subsidiary, in the
State of Nevada, under the name "Gameplaninc.com". The consolidated financial
statements of the Company include the accounts of GamePlan, Inc. and its
subsidiary. All significant intercompany transactions have been eliminated.
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.
Item 2. Management's Discussion and Analysis or Plan of Operation.
Plan of Operation
The Company has not had revenues from business operations during the last two
fiscal years. Over the past several years, the Company has been actively
developing a business plan (the "Plan"). To date, however, no elements of the
Plan have been implemented.
The Plan focuses on the use of internet technology and case evaluation software
to offer legal products and services. Through the medium of the internet, the
Company intends to provide the public a user-friendly and effective tool to seek
qualified professional legal services matching specific legal needs. As
contemplated, the system will provide means for effective communication between
attorney and client, will monitor case status and activity, and will monitor and
assist in controlling legal expenses. It is intended that the system will
provide attorneys with internet-based access to legal resources, and with the
internet forum as a primary alternative to traditional forms of lawyer
advertising and marketing.
5
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Implementation of the Plan would require the Company to engage information
technology consultants to design and implement the information handling
infrastructure for the system. To date, no specific design or implementation
work has been undertaken. Such work would require the Company to raise
substantial additional funds-an estimated $5,000,000--to conduct research and
development, purchase or lease equipment, and to develop the secure digital
information system necessary to begin operations. The Company expects to
commence fund-raising efforts within the next 6 months, and will consider a
variety of funding sources, including private investments, joint venturing, and
traditional venture capital. To date, however, no agreements have been made, nor
potential investors identified, regarding additional capital for the Company.
There can be no assurance that the Company will be able to raise the capital
necessary to pursue its present Plan.
There may be market or other barriers to entry or unforseen factors which make
the Plan unfeasible. Accordingly, the Company may refine, rewrite, or abandon
some or all elements of the Plan. In conjunction with the Plan, or as an
alternative thereto, the Company will continue to consider acquisition or merger
opportunities with existing businesses which might benefit the Company and its
shareholders. Such acquisitions may create business opportunities for the
Company completely unrelated to the Plan.
Apart from any cash requirements necessary to implement the Plan, the Company
will continue to incur expenses relating to maintenance of the Company in good
standing, filing required reports with the SEC and other regulatory agencies,
and investigating potential business ventures. The Company believes that such
additional maintenance expenses will be advanced by management or principal
stockholders as loans to the Company.
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
No. Description
27 Financial Data Schedule for March 31, 2000 Form 10-QSB
(b) Forms 8-K. The Company filed no Current Reports on Form 8-K during the
quarter for which this report is filed.
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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: May 12, 2000 /S/ ROBERT G. BERRY
-------------------
Robert G. Berry,
President and Director
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