UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-QSB
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[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the period ended: September 30, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Commission File Number: 0-30697
LOVE CALENDAR, INC.
Incorporated pursuant to the laws of the state of Nevada
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IRS Employer Identification No. - 87-0449042
437 N. GRANT STREET, SALT LAKE CITY, UT 84116
(702) 947-4877
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities 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 [ X ] No [ ]
The Company had 2,100,000 shares of common stock outstanding at September 30,
2000.
Transitional Small Business Disclosure Format (check one):
Yes [ ] No [ X ]
LOVE CALENDAR, INC.
TABLE OF CONTENTS
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
Balance Sheets as of March 31, 2000
Statements of Operations
Statements of Cash Flows
Notes to Consolidated Financial Statements (unaudited)
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
Signature Page
PART 1 -
FINANCIAL STATEMENTS
LOVE CALENDAR, INC.
Balance Sheets
(unaudited)
ASSETS Sep. 30, 2000 Dec. 31, 1999
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Current Assets:
Cash $0 $0
Total Current Assets $0 $0
Total Assets $3,986 $3,073
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Liabilities and Stockholders' Deficit
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Current Liabilities:
Loans from consultant $10,000 $10,000
Total Current Liabilities $10,000 $10,000
Stockholders' Equity:
Common Stock, $.001 par value; Authorized 50,000,000;
2,100,000 shares issued and outstanding at June 30, 2000 and 2,100 2,100
September 30, 2000
Paid In Capital $12,900 $12,900
Accumulated Deficit ($25,000) ($25,000)
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Total Stockholders' Deficit ($10,000) ($10,000)
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Total Liabilities and Stockholders' Equity (Deficit) $0 $0
=============== ==============
See Accompanying Notes to the Financial Statements
LOVE CALENDAR, INC.
Statements of Operations
(unaudited)
3 Months 3 Months
Ended Ended
Sept. 30, 2000 Sept. 30, 1999
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Income: $0 $0
Total Income $0 $0
Expenses:
Consulting fees $0 $0
Total Expenses $0 $0
Net Loss $0 $0
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Net Loss per Common Share $0.000 $0.000
Weighted Average Shares Common Stock 2,100,000 2,000,000
Outstanding =============== ================
See Accompanying Notes to the Financial Statements
LOVE CALENDAR, INC.
Statement of Cash Flows
(Unaudited)
Three Months Three Months
Ended Ended
Sept. 30, 2000 Sept. 30, 1999
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Cash Flows used in Operating Activities:
Net Loss: $0 $0
Cash used in operations $0 $0
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Net increase in cash for period $0 $0
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Cash at beginning of period $0 $0
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CASH AND CASH EQUIVALENTS AT END OF PERIOD $0 $0
============= ==========
See Accompanying Notes to the Financial Statements
LOVE CALENDAR, INC.
Statement of Stockholders' Equity
From Inception (October 14, 1999) to September 30, 2000
(Unaudited)
Common Common Paid-in Accumulated Total Equity
Stock Stock Capital Capital
Shares Amount
-------------- ------------- ---------------- ----------------- -------------------
Balances at August 17, 1987 0 $0 $0 $0 $0
Officers and directors issued 100,000 100,000 $100 $9,900 $0 $10,000
shares for $10,000 cash
Net loss accumulated through 1994 0 $0 $0 ($10,000) ($10,000)
On May 31, 2000, 20:1 forward split of 1,900,000 $1,900 ($1,900) $0 $0
the common stock
Common Stock issued for consulting 100,000 $100 $4,900 $0 $5,000
services
Net loss for year ended June 30, 2000 0 $0 $0 ($15,000) ($15,000)
Net loss for June 30, 2000 0 $0 $0 $0 $0
Balances, Sept. 30, 2000 2,100,000 $2,100 $12,900 ($25,000) ($10,000)
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See Accompanying Notes to the Financial Statements
LOVE CALENDAR, INC.
NOTES TO FINANCIAL STATEMENTS
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1. ACCOUNTING
POLICIES
The Company has had no operations since 1994. Accounting policies and procedures have not been
determined except as follows:
1. The Company uses the accrual method of accounting.
2. Earnings per share is computed using the weighted average number of shares of
common stock outstanding.
3. The Company has not yet adopted any policy regarding payment of dividends. No
dividends have been paid since inception.
2. HISTORY AND
ORGANIZATION OF THE COMPANY
The Company was organized on August 17, 1987 under the laws of the State of Utah.
On August 17, 1987, the
Company issued 100,000 shares for $10,000 to four individuals. The four
individuals or their estates have subsequently transferred the shares to 47
other individual.
By January 1, 1994, the Company had ceased all operations.
The Company never achieved operational status and spent the $10,000 original capital reviewing various
business opportunities in the late 1980's and early 1990's.
3. COMMON STOCK
On May 31, 2000, the directors of the Company approved a 20:1 forward split leaving shares issued and
outstanding at 2,100,000.
4. RELATED
PARTY TRANSACTIONS
In attempt to become a reporting company, and have its securities listed and
quoted in the United States quotation securities quotation services, the Company
entered into a consulting services contract with Corporate Capital Formation,
Inc. (CCF-Inc.) On May 31, 2000. In exchange for CCF-Inc’s consulting
services, the Company issued CCF-Inc. 100,000 shares of common stock and agreed
to pay a non-interest bearing promissory note of $10,000 within one year.
ITEM 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations
Results of Operations
The Company had no business operations during the period to which this report
relates. We are continuing to seek and investigate possible acquisitions or
other business opportunities.
Liquidity and Capital Resources
The Company currently has no cash. Officers and directors have individually
borne occasional expenses on behalf of the Company.
PART II -
OTHER INFORMATION
ITEM 6 -
Exhibits and Reports On Form 8-K
None.
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Dated: November 12, 2000
LOVE CALENDAR, INC.
by:
/s/ Jenifer C. Ayers
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President
