UNITED STATES
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
Commission File Number 000-29929
TROYDEN CORPORATION
(Exact name of small business as specified in its charter)
Nevada 33-0786959
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
1135 Terminal Way, Suite 209, Reno, Nevada 89502
(Address of principal executive offices)
(619) 960-6699
(Issuer's telephone number)
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.
Common Stock 310,000 shares outstanding
$.001 Par Value as of March 31, 2000
Traditional Small Business Disclosure Format (Check one): Yes [ ] No [X]
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TROYDEN CORPORATION
REPORT ON FORM 10-QSB
QUARTER ENDED MARCH 31, 2000
TABLE OF CONTENTS
PART I. Financial Information
Item 1. Financial Statements (Unaudited)
- Condensed consolidated balance sheets as of March 31, 2000 and
December 31, 1999
- Condensed consolidated statements of operations three months ended
March 31, 2000, and Year Ended December 31, 1999
- Condensed consolidated statements of cash flows nine months ended
March 31, 2000, and Year Ended December 31, 1999
- Notes to condensed consolidated financial statements
Item 2. Management's discussion and analysis of financial condition and
results of operations
PART II. Other Information
Signatures
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TROYDEN CORPORATION
BALANCE SHEETS
3 MONTHS 12 MONTHS
ENDED ENDED
03/31/00 12/31/99
(Unaudited)
ASSETS
CURRENT ASSETS $ 0 $ 0
PROPERTY AND EQUIPMENT 0 0
OTHER ASSETS
Organization Costs 75 75
----------- ---------
TOTAL ASSETS 75 75
=========== =========
LIABILITIES AND
STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Bank Overdraft 0 0
Accrued Income Taxes
16,460 16,460
---------- ----------
16,460 16,460
STOCKHOLDERS' EQUITY
Common Stock 3,010 3,010
Accumulated Deficit (19,395) (19,395)
Dividends 0 0
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY 75 75
========== ==========
F-1
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TROYDEN CORPORATION
STATEMENTS OF OPERATIONS
3 MONTHS 12 MONTHS
ENDED ENDED
03/31/00 12/31/99
(Unaudited)
REVENUE
Management Fees $ 0 $ 0
OPERATING EXPENSES
Amortization 0 25
Automobile 0 0
Bank Charges 0 0
Depreciation 0 0
Loss on Disposal of Asset 0 0
Meals & Entertainment 0 0
Office Supplies 0 0
Penalties & Interest 0 1,303
Professional Services 0 0
Rent 0 0
Repairs & Maintenance 0 0
Tax & License 0 0
Telephone 0 0
Travel 0 0
----------- ---------
0 1,328
LOSS BEFORE TAX (0) (1,328)
INCOME TAX EXPENSE (Note 4) 0 800
----------- ---------
NET LOSS (0) $ (2,128)
=========== =========
F-2
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TROYDEN CORPORATION
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
3 MONTHS 12 MONTHS
ENDED ENDED
03/31/00 12/31/99
(Unaudited)
COMMON STOCK - BEGINNING OF YEAR $ 3,010 $ 3,000
Common Stock Issued 0 10
----------- ----------
COMMON STOCK 3,010 3,010
ACCUMULATED DEFICIT - BEGINNING OF YEAR (19,395) (17,267)
1139 Tax Refund 0 0
Net Loss 0 (2,128)
Dividends 0 0
ACCUMULATED DEFICIT (19,395) (19,395)
TOTAL SHAREHOLDERS' EQUITY $ (16,385) $ (16,385)
F-3
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TROYDEN CORPORATION
STATEMENTS OF CASH FLOWS
3 MONTHS 12 MONTHS
ENDED ENDED
03/31/00 12/31/99
(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss $ 0 $ (2,128)
ADJUSTMENTS TO RECONCILE NET LOSS TO
NET CASH USED BY OPERATING ACTIVITIES
Depreciation and Amortization 0 25
Loss on Disposal of Assets 0 0
Decrease/(Increase) in 1139 Refund 0 0
Increase/(Decrease) in Accrued Taxes 0 2,103
Increase in Retained Earnings
for 1139 Refund 0 0
---------- ---------
0 0 2,128
---------- ---------
NET CASH USED BY OPERATING ACTIVITIES 0 0
CASH FLOWS FROM INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES 0 0
NET INCREASE/(DECREASE) IN CASH 0 0
CASH, BEGINNING 0 0
---------- ---------
CASH, ENDING $ 0 $ 0
========== =========
SUPPLEMENTAL DISCLOSURES
Interest Paid $ 0 $ 0
Income Taxes Paid $ 0 $ 0
F-4
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TROYDEN CORPORATION
NOTES TO THE FINANCIAL STATEMENTS
GENERAL
Troyden Corporation (the Company) has elected to omit substantially all
footnotes to the financial statements for the three months ended March 31, 2000
since there have been no material changes to the information previously reported
by the Company in its audited financial statements of December 31, 1999.
UNAUDITED INFORMATION
The information furnished herein was taken from the books and records of the
Company without audit. However, such information reflects all adjustments which
are, in the opinion of management, necessary to properly reflect the results of
the interim period presented. The information presented is not necessarily
indicative of the results from operations expected for the full fiscal year.
F-5
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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, thereunto duly
authorized.
TROYDEN CORPORATION
Date: May 3, 2000 By: /s/ Larry Davis
----------------
President
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