SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q / A
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 31, 2000.
MIRADOR DIVERSIFIED SERVICES, INC.
(Formerly TCT Financial Group B, Inc.)
Nevada 0-28197 88-0431561
(State or other (Commission (IRS Employer
jurisdiction of File Number)
Identification No.)
incorporation)
675 Lynnhaven Parkway 2nd Floor, Virginia Beach VA 23452
(Address of Principal Executive offices)
Registrant's telephone number, including area code: (757) 463-9646,
fax (757) 463-9690
This amendment is to clearly define the consolidated financial
statement of Mirador Diversified Services, Inc. There are no other
changes reflected in this amendment.
Item 7. Financial Statements and Exhibits
Mirador Diversified Services, Inc. Consolidated
Balance Sheet
As of July 31, 2000
ASSETS
Current Assets
Bank One 374.11
Keybank - Operating -39,916.92
Total Checking/Savings -39,542.81
Accounts Receivable
Accounts Receivable 15,000.00
Total Accounts Receivable 15,000.00
Other Current Assets
Cash On Hand 4,671.35
Employee Advances 200.00
Total Other Current Assets 4,871.35
Fixed Assets
Accumulated Depreciation
Computers -19,132.40
Furniture & Fixtures -22,424.83
Vehicles -15,448.58
Total Accumulated Depreciation -57,005.81
Equipment
Computers 30,701.87
Vehicles 24,530.23
Equipment - Other 149.00
Total Equipment 55,381.10
Furniture & Fixtures 25,606.03
Total Fixed Assets 23,981.32
Other Assets
Investment 400.00
Investment - Arrngton Homes 28,914.69
Mortgage Loan Receivable 34,250.26
Organizational Costs 400.00
Refundable Deposits 850.00
Total Other Assets 64,814.95
TOTAL ASSETS 69,124.84
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 20,837.48
Total Accounts Payable 20,837.48
Other Current Liabilities
Bank Loan - LOC 15,110.40
Note Payable
TB Financial -111,027.74
Note Payable - Othe -11,706.24
Total Note Payable -122,733.98
Payroll Liabilities
OCC Withholding -75.53
Payroll Liabilities - Other 9,761.51
Total Payroll Liabilities 9,685.98
Total Other Current Liabilities -97,937.60
Total Current Liabilities -77,100.12
Total Liabilities -77,100.12
Equity
Additional Paid in Capital 160,000.00
Common Stock 69,105.11
Opening Bal Equity -3,658.89
Retained Earnings -60,307.39
Net Income -18,913.87
Total Equity 146,224.96
TOTAL LIABILITIES & EQUITY 69,124.84
Mirador Diversified Services, Inc.
Consolidated
Income Statement
As of July 31, 2000
Jul, '00 Feb - Jul
'00
Ordinary Income/Expense
Income
Fees 33,109.21 229,236.62
Total Income 33,109.21 229,236.62
Expense
Advertising - 1,021.55
Automobile Expense
20.00 111.67
Bank Service
Charges 285.49 1,953.48
Commission 942.03 16,801.52
Cost of Sales
Appraisal Fees 2,310.00 24,298.83
Credit Reports 2,500.00 8,642.00
Freight/Express 1,783.52 3,539.50
Origination
Labor Costs 1,075.00 1,325.00
Cost of
Sales/Other 26.88 1,325.11
Total Cost of
Sales 7,795.40 39,131.44
Insurance
Liability
Insurance - 307.21
Insurance -
Other 866.42 10,951.07
Total Insurance
866.42 11,258.28
Interest Expense
Finance Charge 223.12 601.06
Total Interest
Expense 223.12 601.06
Licenses and
Permits - 540.00
Office Supplies 1,541.26 8,499.52
Outside Services 4,880.60 61,857.20
Payroll Expenses
Officer Salary 7,357.32 31,750.69
Payroll Expenses
- Other 4,393.36 24,371.67
Total Payroll
Expenses 11,750.68 24,371.67
Postage and
Delivery 30.00 630.75
Printing and
Reproduction 510.00 4,047.89
Professional
Development - 743.00
Professional Fees
Accounting
1,000.00 4,540.00
Legal Fees - 52.50
Total Professional
Fees 1,000.00 4,592.50
Rent 1,933.46 8,885.46
Repairs - 2,357.50
Telephone 3,245.68 13,532.69
Travel & Ent
Entertainment 108.25 640.43
Meals 28.00 81.16
Travel 1,378.05 9,221.65
Travel & Ent -
Other - 1,000.00
Total Travel & Ent 1,514.00 10,943.24
Uncategorized
Expenses - -
Utilities
Gas and Electric 632.14 3,320.86
Total Utilities 632.14 3,320.86
Total Expense 37,369.85 248,150.49
Net Ordinary Income (4,260.64) (18,913.87)
Net
Income (4,260.64) (18,913.87)
