UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934
ACT REPORTING REQUIREMENTS
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2000 Commission File No.
000-29577
9
MELLONCAMP, INC.
(Exact name of registrant as specified in its charter)
Nevada 88-0386352
(State of organization) (I.R.S. Employer Identification No.)
2080 E. Flamingo Rd., Suite 112, Las Vegas, NV 89119
(Address of principal executive offices)
Registrant's telephone number, including area code (702) 650-5660
Check whether the issuer (1) filed all reports required to be
file by Section 13 or 15(d) of the Exchange Act during the past
12 months and (2) has been subject to such filing requirements
for the past 90 days. No X
There are 3,000,000 shares of common stock outstanding as of May
5, 2000.
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
The financial statements and supplemental data required by this
Item follow the index of financial statements appearing at Item 6
of this Form 10Q-SB.
ITEM 2. MANAGEMENT'S PLAN OF OPERATION
NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS
This statement includes projections of future results and
"forward-looking statements" as that term is defined in Section
27A of the Securities Act of 1933 as amended (the "Securities
Act"), and Section 21E of the Securities Exchange Act of 1934 as
amended (the "Exchange Act"). All statements that are included in
this Registration Statement, other than statements of historical
fact, are forward-looking statements. Although Management
believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Important factors
that could cause actual results to differ materially from the
expectations are disclosed in this Statement, including, without
limitation, those expectations reflected in forward-looking
statements contained in this Statement.
Plan of Operation
The Company's Plan of Operation has not changed since the filing
of its Form 10-SB filed with the SEC on August 31, 1999. The
description of the current plan of operation is incorporated by
reference to Section 2 of its Form 10-SB.
Competition
The Company is an insignificant participant among firms which
engage in business combinations with, or financing of,
development-stage enterprises. There are many established
management and financial consulting companies and venture capital
firms which have significantly greater financial and personal
resources, technical expertise and experience than the Company.
In view of the Company's limited financial resources and
management availability, the Company will continue to be at
significant competitive disadvantage vis-a-vis the Company's
competitors.
Employees
The Company's only employees at the present time are its officers
and directors, who will devote as much time as the Board of
Directors determine is necessary to carry out the affairs of the
Company.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
The Company is not a party to any material pending legal
proceedings and, to the best of its knowledge, no such action has
been threatened by or against the Company.
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
No issues of securities and no changes in the existing securities
took place during the period covered by this report. At the
end of the quarter there were 3,000,000 shares of common stock
outstanding.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No such matters were submitted during the most the recent
quarter.
Unaudited financial statements as of March 31, 2000, and for the
three-month periods then ended.
May 1, 2000
Board of Directors
Melloncamp, Inc.
Fountain Hills, Arizona
We have compiled the accompanying balance sheets of melloncamp,
Inc. as of March 31, 2000 and March 31, 1999, and the related
statements of income, changes in stockholders' equity and cash
flows for the nine months periods then ended, in accordance with
the Statement of Standards for Accounting and Review Services
issued by the American Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of financial
statements information that is the representation of management.
We have not audited or reviewed the accompanying financial
statements and supplementary information, and, accordingly, do
not express an opinion or any other form of assurance on them.
As discussed in Note 1, the Company has been in the development
stage since its inception on February 19, 1998. Realization of
the major portion of its assets is dependent upon the Company's
ability to meet its future financing requirements, and the
success of future operations. The accompanying financial
statements have been prepared assuming the Company will continue
as a going concern.
The December 31, 1999, financial statements were audited by us
and we expressed an unqualified opinion them in our report dated
January 21, 2000. We have not performed any auditing procedures
since that date.
MELLONCAMP, INC.
(A Development Stage Company)
BALANCE SHEETS
March 31, 2000 and December 31, 1999
<TABLE>
<S>
<C> <C>
Unaudited March Audited December
31, 2000 31, 1999
ASSETS
Current Assets:
Cash and Cash Equivalents $-0- $-0-
Total Current Assets $-0- $-0-
Other assets;
Organization Expense (net of -0- -0-
amortization)
Total Other Assets -0- -0-
$-0- $-0-
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current Liabilities; $-0- $-0-
Total Current Liabilities -0- -0-
Stockholders' equity;
Common stock, $.001 par, 3,000 3,000
25,000,000 shares authorized,
3,000,000 issued and
outstanding
Preferred stock, $.001 par, -0- -0-
5,000,000 shares authorized, no
shares issued and outstanding
Deficit accumulated during (3,000) (3,000)
development stage
Total Stockholders' Equity -0- -0-
$-0- $-0-
</TABLE>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements.
MELLONCAMP, INC.
(A Development Stage Company)
STATEMENTS OF INCOME
For the Three Months Ended March 31, 2000 and March 31, 1999
the Year Ended December 31, 1999 and the Period February 19, 1998
(inception) to March 31, 2000
<TABLE>
<S> <C> <C> <C> <C>
Unaudited Three Unaudited Three Audited Year February 19,
Months March 31, Months March 31, Ended December 1998 (inception)
2000 1999 31, 1999 to March 31,
2000
Revenue $-0- $-0- $-0- $-0-
Cost of Sales -0- -0- -0- -0-
Gross Profit -0- -0- -0- -0-
Operating Expenses
Filing fees -0- -0- -0- 300
Professional fees -0- -0- -0- 2,700
-0- -0- -0- 3,000
Net Income Before -0- -0- -0- (3,000)
Income Taxes
Income Taxes -0- -0- -0- -0-
Net Income/(Loss) $-0- $-0- $-0- $(3,000)
Earnings (Loss) $-0- $-0- $-0- $-0-
per Common Share
Weighted Average 3,000,000 3,000,000 3,000,000 3,000,000
Numbers of Shares
Outstanding
</TABLE>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements
MELLONCAMP, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY
March 31, 2000
<TABLE>
<S>
<C> <C> <C> <C>
Preferred Stock Stock Amount Common Stock Stock Amount
Balance December -0- $-0- 3,000,00 $3,000
31, 1998 - 0
Audited
Retained -0- -0- -0- -0-
Earnings (Loss)
- - Audited
Balance December -0- -0- 3,000,000 $3,000
31, 1999 -
Audited
Retained -0- -0- -0- -0-
Earnings (Loss)
- - Unaudited
Balance March -0- -0- 3,000,000 $3,000
31, 2000 -
Unaudited
</TABLE>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements
MELLONCAMP, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY (continued)
March 31, 2000
<TABLE>
<S>
<C> <C> <C>
Paid In Capital Retained Total
Amount Earnings
Balance December 31, $-0- $(3,000) $-0-
1998 - Audited
Retained Earnings -0- -0- -0-
(Loss) - Audited
Balance December 31, -0- (3,000) -0-
1999 - Audited
Retained Earnings -0- -0- -0-
(Loss) - Unaudited
Balance March 31, $-0- $(3,000) $-0-
2000 - Unaudited
</TABLE>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements.
MELLONCAMP, INC.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31, 2000 and March 31, 1999,
the Year Ended December 31, 1999, and the Period February 19,
1998
(inception) to March 31, 2000
<TABLE>
<S> <C> <C> <C> <C>
Unaudited Three Unaudited Three Audited Year February 19,
Months Ended Months Ended Ended Dec. 31, 1998 (inception)
March 31, 2000 March 31, 1999 1999 to March 31,
2000
Net Income (Loss) $-0- $-0- $-0- $(3,000)
Adjustments to -0- -0- -0- -0-
reconcile net
income to net
cash provided by
operating
activities:
Cash Provided by -0- -0- -0- -0-
Operations
Cash Used in -0- -0- -0- -0-
Investing
Activities
Cash Provided by
Financing
Activities
Stock issued -0- -0- -0- 3,000
Net Change in -0- -0- -0- -0-
Cash
Beginning Balance -0- -0- -0- -0-
Ending Cash $-0- $-0- $-0- $-0-
Balance
</TABLE>
See accompanying accountant's report.
The accompanying notes are an integral part of these statements.
MELLONCAMP, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
March 31, 2000, March 31, 1999 and December 31, 1999
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Operations
The Company was organized under the laws of the state of
Nevada in 1998 and is authorized to do business in the United
States. The Company has no revenue from operations during the
period covered by this financial statement.
Method of Accounting
These financial statements are prepared on the accrual basis
of accounting in accordance with generally accepted accounting
principles. Consequently, revenues are recognized when earned
and expenses are recognized when the obligation is actually
incurred.
Income Taxes and Cash Flows
The Company accounts for income taxes and the statement of
cash flows in accordance with Financial Accounting Standards
Board Statement No. 109 and No. 95.
Cash and Cash Equivalents
Cash and cash equivalents include all highly liquid
investments with a maturity of three months or less when
purchased.
NOTE 2 - CASH
The Company has no bank accounts at this time.
NOTE 3 - EARNINGS PER SHARE
Earnings per sharee has been computed by dividing net
income/(loss) by the weighted average number of common shares
outstanding for the period. There are no items which are
deemed to be common stock equivalents during the audit period.
NOTE 4 - COMMON STOCK
As of March 31, 2000, December 31, 1999 and March 31, 1999,
the Company had 3,000,000 shares of common stock, par value
$0.001, issued and outstanding.
NOTE 5 - LEASE COMMITMENTS
The Company currently has no commitments for leases or
contingencies.
NOTE 6 - USE OF ESTIMATES
The preparation of financial statements in conformity with
Generally Accepted Accounting Principles requires management
to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could
differ from these estimates.
EXHIBITS
a) The exhibit consisting of the Company's Articles of
Incorporation is attached to the Company's Amended Form 10-SB,
filed on March 1, 2000. This exhibit is incorporated by reference
to that Form.
b) The exhibit consisting of the Company's Bylaws is attached
to the Company's Amended Form 10-SB, filed on March 1, 2000. This
exhibit is incorporated by reference to that Form.
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the Registrant has duly caused this
registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized.
Melloncamp, Inc.
By: /s/ Kenneth D. Greble
Kenneth D. Greble, President
