FORM 10-QSB
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Quarterly Report Under Section 13 or 15 (d)
Of the Securities Exchange Act of 1934
For Quarter Ended June 30, 2000
Commission File Number 0-5552
CARDIFF COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
NEVADA 87-0267292
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
6975 South Union Park Center #600, Salt Lake City UT 84047
(Address of principal executive offices)
Registrant's telephone number
including area code (801) 256-9600
183 Washington POB 39, Monument CO 80132
Former Address, if changed since last report
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or such shorter period that
the registrant was required to file such reports)
Yes X No
and (2) has been subject to such filing requirements for the past 90 days.
Yes X No
4,899,782
(Number of shares of common
stock the registrant had
outstanding as of August 30, 1999)
PART 1
ITEM 1 - FINANCIAL STATEMENTS
The condensed financial statements included herein have been prepared by
the Company, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed
or omitted pursuant to such rules and regulations, although the Company
believes that the disclosures are adequate to make the information presented
not misleading.
In the opinion of the Company, all adjustments, consisting of only normal
recurring adjustments, necessary to present fairly the financial position of
the Company as of June 30, 2000 and the results of its operations and changes
in its financial position from September 30, 1988 through June 30, 2000 have
been made. The results of its operations for such interim period is not
necessarily indicative of the results to be expected for the entire year.
CARDIFF COMMUNICATIONS, INC.
Balance Sheet
ASSETS
June 30, September 30,
2000 1999
(unaudited)
OTHER ASSETS
Note Receivable $ 76,000 $ 76,000
Interest Receivable 3,484 634
TOTAL ASSETS $ 79,484 $ 76,634
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Note Payable $ 60,000 $ 60,000
Interest Payable 8,250 6,000
TOTAL LIABILITIES 68,250 66,000
STOCKHOLDERS' EQUITY
Common Stock 10,000,000 shares
authorized at $.001 par value;
6,799,782 shares issued and outstanding 271,991 271,991
Capital in Excess of Par Value (255,991) (255,991)
Deficit Accumulated During Development
Stage (4,766) (5,366)
Total Stockholders' Equity 11,234 10,364
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 79,484 $ 76,634
CARDIFF COMMUNICATIONS, INC.
Statements of Operations
(unaudited)
For the Three For the Three For the Nine For the Nine
Months Ended Months Ended Months Ended Months Ended
June 30, June 30, June 30, June 30,
2000 1999 2000 1999
REVENUE $ 950 $ - $2,850 $ -
EXPENSES
Interest 750 750 2,250 1,500
Total Expenses 750 750 2,250 1,500
INCOME (LOSS) 200 (750) 600 (1,500)
Loss Per Common
Share - - $ - $ -
Average Outstanding
Shares 6,799,782 6,799,782 6,799,782 6,799,782
CARDIFF COMMUNICATIONS, INC.
Statements of Cash Flows
(unaudited)
For the Nine For the Nine
Months Ended Months Ended
June 30, June 30,
2000 1999
CASH FLOWS FROM
OPERATING ACTIVITIES
Net Income (Loss) $ 200 $(1,500)
Increase (Decrease)
in Accounts Payable/ Interest Payable 700 1,500
Interest Receivable (900)
Depreciation - -
- -
CASH FLOWS FROM
INVESTING ACTIVITIES
Purchase of Assets - -
- -
CASH FLOWS FROM
FINANCING ACTIVITIES
Issuance of Common Stock for Debt (Net) - -
Issuance of Note Payable - -
INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS - -
CASH AND CASH EQUIVALENTS
AT THE BEGINNING OF PERIOD - -
CASH AND CASH EQUIVALENTS
AT END OF PERIOD $ - -
CASH PAID DURING THE PERIOD FOR:
Interest $ - $ -
Income Taxes (Including
Interest & Penalties) $ - $ -
CARDIFF COMMUNICATIONS, INC.
Notes to the Financial Statements
June 30, 2000
NOTE 1 - INTERIM FINANCIAL STATEMENTS
Management has elected to omit all of the disclosures for the interim
financial statements ended June 30, 2000 but has made all the necessary
a djustments to present an accurate financial statements for the nine months
presented.
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.
Liquidity and Capital Resources. The Registrant had approximately $11,234
as operating capital at June 30, 2000, compared to $10,634 at September 30,
1999. The Registrant intends to raise additional funds as needed through
private placements with accredited and sophisticated investors.
Results of Operation. Due to the lack of operations during the quarter
ended June 30, 2000, the registrant had net income of $200, compared to net
loss of $(750) for the same period last year. The registrant had net income
of $600 for the nine months ended June 30, 2000, compared to $(1,500) for the
same period last year.
Plan of Operations. The Company is currently in the process of looking
for business opportunities to acquire or merge with. There is no guarantee
that management will be successful in finding such an opportunity. The
Company is also in the process of bringing all of its periodic reports
current for filing with the Securities and Exchange Commission. During this
process, the Company intends to raise operational capital through private
placements.
PART II
OTHER INFORMATION
Item 1. Legal Proceedings. None
Item 2. Changes in Securities. None
Item 3. Defaults Upon Senior Securities. None
Item 4. Submission of Matters to a Vote of Security Holders. None
Item 5. Other Information. None
Item 6. Exhibits and Reports on Form 8-K. None
SIGNATURES
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 authorized officer.
Dated July 14, 2000
Cardiff Communications, Inc.
/s/ Robert Wallace
