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Previous: GENTIVA HEALTH SERVICES INC, 424B3, 2000-02-15 |
Next: ADVANCED PRODUCTS GROUP INC, 10QSB/A, 2000-02-15 |
<TABLE>
<CAPTION> ADVANCED PRODUCTS GROUP, INC
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEET FOR DECEMBER 31, 1999
STATEMENTS ARE UNAUDITED
ASSETS AMOUNTS
<S> <C>
CURRENT ASSETS $
CASH IN BANK 101
ACCOUNTS RECEIVABLE -0-
INTEREST RECEIVALBE 4,430
SOAP INVENTORY ( 381)
NOTES RECEIVABLE-CURRENT 100)
NOTES RECEIVABLE-RICHARD HERMAN ( 100)
ADVANCE RON WEPRIN 3,138
ADVANCE RUS D'AGATA 100
ADVANCE ED DA PARMA 109
TOTAL CURRENT ASSETS 7,497
PROPERTY AND EQUIPMENT
ACCUMULATED AMORTIZATION LICENSE AGREEMENT ( 88,800)
TOTAL PROPERTY AND EQUIPMENT ( 88,800)
OTHER ASSETS
LICENSE AGREEMENT 1,332,000
TOTAL OTHER ASSETS 1,332,000
TOTAL ASSETS 1,250,697
================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE ( 52,643)
ACCRUED EXPENSES 5,980
NOTES PAYABLE-CURRENT 30,638
LICENSE FEE PAYABLE-CURRENT 282,420
_______________
TOTAL CURRENT LIABILITIES 266,395
LONG TERM LIABILITIES
LICENSE FEE PAYABLE 1,135,672
TOTAL LONG TERM LIABILITIES 1,135,672
CAPITAL
COMMON STOCK 3,297
PAID IN CAPITAL 547,052
RETAINED EARNINGS ( 105,973)
OUTSTANDING N/R FOR SHARES ( 403,410)
NET INCOME ( 192,335)
TOTAL CAPITAL ( 151,369)
TOTAL LIABILITIES AND CAPITAL 1,250,698
</TABLE>
<TABLE>
<CAPTION> ADVANCED PRODUCTS GROUP,INC
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
FOR THE PERIOD OCTOBER 1, 1999 TO DECEMBER 31, 1999
STATEMENTS ARE UNAUDITED
REVNUES AMOUNTS
<S> <C>
$
SALES- Soap 4,860
SALES-DISPENSERS -0-
OTHER INCOME 2,215
SALES DISCOUNTS RETURNS AND ALLOWANCES -0-
TOTAL REVENUES 7,075
COST OF SALES
COST OF GOODS SOLD-SOAP 961
COST OF GOODS SOLD -DISPENSERS 35
COST OF SALES - FREIGHT ( 125)
COST OF SALES - OTHER 179
TOTAL COST OF SALES 1,050
GROSS PROFIT 6,025
EXPENSES
ADVERTISING EXPENSE -0-
AMORTIZATION LICENSE AGREEMENT 33,300
INTEREST EXPENSE -LICENSE AGREEMENT 40,080
AUTO EXPENSE -0-
BANK CHARGES 351
LEGAL AND PROFESSIONAL EXPENSES 28,989
DUES AND SUBSCRIPTIONS 715
FREIGHT 1,143
FRANCHISE FEES 45
PRODUCT DEVELOPMENT 3,190
MISCELLANEOUS 1,331
OFFICE EXPENSE 1,395
POSTAGE 567
OTHER TAXES ( 18)
RENT 4,494
TELEPHONE 6,513
TRAVEL 1,519
MEALS AND ENTERTAINMENT 138
TOTAL EXPENSES 123,752
NET INCOME (LOSS) ( 117,727)
</TABLE>
<TABLE>
<CAPTION> ADVANCED PRODUCTS GROUP, INC
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
FOR THE PERIOD 10/1/99 TO DECEMBER 31, 1999
STATEMENTS ARE UNAUDITED
CASH FLOWS FROM OPERATING ACTIVITES AMOUNTS
<S> <C>
NET INCOME OR (LOSS) $ ( 117,730)
ADJUSTMENTS TO RECONCILE NET
INCOME TO NET CASH PROVIDED
BY OPERATING ACTIVITIES
ACCUMULATED AMORTIZATION OF
LICENSE AGREEMENT 33,300
ACCOUNTS RECEIVABLE 126
INTEREST RECEIVABLE ( 2,215)
SOAP INVENTORY 381
DISPENSER INVENTORY -0-
NOTES RECEIVABLE -CURRENT -0-
NOTES RECEIVABLE - COLONIAL -0-
NOTES RECEIVABLE- HERMAN 100
PREPAID EXPENSES -0-
ADVANCES RON WEPRIN ( 3,137)
ADVANCES RICHARD HERMAN -0-
ADVNCES RUS D'AGATA ( 100)
ADVANCES EDWARD DA PARMA ( 109)
ACCOUNTS PAYABLE ( 463)
ACCRUED EXPENSES -0-
NOTES PAYABLE- CURRENT 30,638
LICENSE FEE PAYABLE 62,580
CASH PROVIDED BY OPERATIONS 371
CASH FLOWS FROM INVESTING ACTIVITIES -0-
LICENSE AGREEMENT -0-
NET CASH USED IN INVESTING -0-
CASH FLOWS FROM FINANCING ACTIVITIES
LICENSE FEE PAYABLE -0-
COMMON STOCK 246
PAID IN CAPITAL -0-.
USED FOR PAID-IN CAPITAL
OUTSTANDING N/R FOR SHARES ( 2,359)
NET CASH USED IN FINANCING ( 2,113)
NET INCREASE (DECREASE) IN CASH ( 1, 742)
SUMMARY
CASH BALANCE AT END OF PERIOD 101
CASH BALANCE AT BEGINNING OF PERIOD 7,169
NET INCREASE (DECREASE) IN CASH 7,270
</TABLE>
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