SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
of 1934 for the quarterly period ended June 30, 2000.
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the transition period from _____ to _____ .
Commission file number: 0-29323
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CAIRO ACQUISITIONS, INC.
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(Exact name of small business issuer as specified in its charter)
Nevada 87-0643634
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1403 East 900 South, Salt Lake City, Utah 84105
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(Address of principal executive office) (Zip Code)
(801) 582-9609
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(Issuer's telephone number)
Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 XX No
The number of outstanding shares of the issuer's common stock, $0.001 par value
(the only class of voting stock), as of August 8, 2000 was 6,042,500.
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TABLE OF CONTENTS
PART I
ITEM 1. FINANCIAL STATEMENTS..................................................3
Unaudited Balance Sheet as of June 30, 2000....................................4
Unaudited Statement of Operations for the three and six months ended
June 30, 2000 and the period since Date of Inception to June 30, 2000..........5
Unaudited Statement of Cash Flows for the six months ended
June 30, 2000 and the period since Date of Inception to June 30, 2000..........6
Notes to Consolidated Unaudited Financial Statements...........................7
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.............8
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K......................................8
SIGNATURES.....................................................................9
INDEX TO EXHIBITS.............................................................10
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PART I
ITEM 1. FINANCIAL STATEMENTS
As used herein, the term "Company" refers to Cairo Acquisitions, Inc., a Nevada
corporation, and its subsidiaries and predecessors unless otherwise indicated.
Unaudited consolidated interim financial statements including a balance sheet
for the Company as of the quarter ended June 30, 2000, statement of operations
and statement of cash flows for the interim period up to the date of such
balance sheet and the period since inception of the preceding year are attached
hereto as Pages 4 through 6 and are incorporated herein by this reference.
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Cairo Acquisitions, Inc.
(A Developmental Stage Company)
Unaudited Balance Sheet
As of June 30, 2000
<TABLE>
<CAPTION>
June 30, 2000
(unaudited)
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<S> <C>
ASSETS
Current Assets - cash $ 511
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Total Current Assets 511
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LIABILITIES AND STOCK HOLDERS' EQUITY
Current Liabilities:
Accounts Payable / Related Parties 140
Accrued Expenses 2,250
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Total Current Liabilities 2,390
Stockholders' Deficit
Preferred stock ($.001 par value), 5,000,000
shares authorized; no shares issued and
outstanding -
Common stock ($.001 par value) 45,000,000
shares authorized; 6,042,500 shares issued
and outstanding June 30, 2000 6,043
Additional paid in capital 319
Accumulated deficit (8,241)
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Total stockholders' equity (1,879)
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TOTAL LIABILITIES AND EQUITY $ 511
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</TABLE>
The accompanying notes are an integral part of these financial statements
4
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Cairo Acquisitions, Inc.
(A Developmental Stage Company)
Unaudited Statements of Operations
<TABLE>
<CAPTION>
Three Months Six Months December 7, 1999
Ended Ended (inception) to
June 30, 2000 June 30, 2000 June 30, 2000
--------------------- ----------------- ---------------------
<S> <C> <C> <C>
Revenues $ - $ - $ -
General and Administrative Costs (400) (7,331) (8,241)
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Net Loss (400) (7,331) (8,241)
===================== ================= =====================
Loss per common share-basic and diluted $ - $ - $ -
===================== ================= =====================
Weighted average common shares basic
and diluted 6,043,000 5,738,000 5,152,000
===================== ================= =====================
</TABLE>
The accompanying notes are an integral part of these financial statements
5
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Cairo Acquisitions, Inc.
(A Developmental Stage Company)
Unaudited Statements of Cash Flows
<TABLE>
<CAPTION>
Six Months December 7, 1999
Ended (inception) to
June 30, 2000 June 30, 2000
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<S> <C> <C>
OPERATING ACTIVITIES
Net Income $ (7,331) $ (8,241)
Adjustments to reconcile Net Income to Net Cash
provided by (used in) operations:
Stock compensation expense 5,007 5,007
Decrease in stock subscription receivable 445 445
Increase in accounts payable and accrued expenses 2,390 2,390
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Net cash provided by (used in) Operating Activities 511 (399)
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CASH FLOWS FROM INVESTING ACTIVITIES - -
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock - 910
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NET CASH INCREASE 511 511
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CASH, BEGINNING OF PERIOD - -
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CASH, END OF PERIOD $ 511 $ 511
==================== ========================
</TABLE>
The accompanying notes are an integral part of these financial statements
6
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CAIRO ACQUISITIONS, INC
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS
June 30, 2000
1. Basis of Presentation
The accompanying consolidated unaudited condensed financial statements have been
prepared by management in accordance with the instructions in Form 10-QSB and,
therefore, do not include all information and footnotes required by generally
accepted accounting principles and should, therefore, be read in conjunction
with the Company's initial registration statement on Form 10-SB, filed with the
Securities and Exchange Commission on February 3, 2000. These statements do
include all normal recurring adjustments which the Company believes necessary
for a fair presentation of the statements. The interim operating results are not
necessarily indicative of the results to be expected for the full year ended
December 31, 2000.
2. Year 2000 Compliance
As of August 8, 2000 the Company has not had or become aware of any significant
problems associated with Year 2000 issues.
3. Additional footnotes included by reference
Except as indicated in Notes above, there have been no other material changes in
the information disclosed in the notes to the financial statements included in
the Company's initial registration statement on Form 10-SB, filed with the
Securities and Exchange Commission on February 3, 2000. Therefore, those
footnotes are included herein by reference.
7
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Plan of Operations
The Company's plan of operation for the coming year is to identify and acquire a
favorable business opportunity. The Company does not plan to limit its options
to any particular industry, but will evaluate each opportunity on its merits.
The Company anticipates that its owners, affiliates, and consultants will
provide it with sufficient capital to continue operations until the end of the
third quarter of 2000, but there can be no assurance that this expectation will
be fully realized.
The Company does not expect to generate any meaningful revenue or incur
operating expenses unless and until it acquires an interest in an operating
company.
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits Exhibits required to be attached by Item 601 of Regulation S-B are
listed in the Index to Exhibits on page 10 of this Form 10-QSB, and are
incorporated herein by this reference.
(b) Reports on Form 8-K. No reports on Form 8-K were filed during the period
covered by this Form 10- QSB.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, hereunto duly
authorized, this 8th day of August, 2000.
CAIRO ACQUISITIONS, INC.
/s/ Ruairidh Campbell August 8, 2000
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Ruairidh Campbell
President and Director
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INDEX TO EXHIBITS
EXHIBIT PAGE
NO. NO. DESCRIPTION
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3(i) * Articles of Incorporation of the Company (incorporated
herein by reference from Exhibit No. 3(i) of the Company's
Form 10-SB as filed with the Securities and Exchange
Commission on February 3, 2000).
3(ii) * Bylaws of the Company, as amended (incorporated herein by
reference from Exhibit 3(ii) of the Company's Form 10-SB as
filed with the Securities and Exchange Commission on
February 3, 2000).
27 * Financial Data Schedule "CE"
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