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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
AMENDMENT NO. 1 TO FORM 10-QSB
| /x/ |
Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the quarterly period ended: December 31, 1999
Commission file number: 012612
CALENDAR CAPITAL, INC.
(Exact name of registrant as specified in its charter)
| MINNESOTA | 41-1442918 | |
| (State or other jurisdiction of Incorporation) |
(IRS Employer Identification Number) |
RIVERPLACE, 65 MAIN STREET SE
SUITE 136
MINNEAPOLIS, MN 55414
(Address of Principal Executive Offices)
(612) 676-1436
(Registrant's Telephone Number, Including Area Code)
Part I—Financial Information
ITEM 1. Financial Statements
Explanatory note: This Amendment No. 1 to the Form 10-QSB for the period ended December 31, 1999, is filed to correct certain information in Part I, Item 1, Financial Statements. The Financial Statements as previously filed failed to include a Statement of Operations for the three and nine months ended December 31, 1999 and 1998, and the Statement of Cash Flow did not adequately express the nine months comparison as required. In addition, Part II, Item 6, contains a revised Exhibit 27.
CALENDAR CAPITAL, INC.
STATEMENTS OF CASH FLOW
Increase (Decrease) in Cash and Cash Equivalents
for the nine months ended December 31, 1999 and 1998
| |
1999 |
1998 |
|||||
|---|---|---|---|---|---|---|---|
| CASH flows from operating activities: | |||||||
| Net Income (Loss) | $ | (44,119 | ) | $ | (24,713 | ) | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||
| Changes in current assets and liabilities: | |||||||
| Receivables | (66,700 | ) | — | ||||
| Accounts Payable | (52,718 | ) | 225 | ||||
| Accrued Payroll | (15,000 | ) | — | ||||
| Accrued interest | 24,487 | 24,488 | |||||
| Net cash provided by operating activities | (154,050 | ) | -0- | ||||
| CASH provided by financing activities | |||||||
| issuances of stock | 160,000 | -0- | |||||
| NET INCREASE in cash and cash equivalents | 5,950 | -0- | |||||
| Cash and cash equivalents at beginning of period | -0- | -0- | |||||
| Cash and cash equivalents at end of period | $ | 5,950 | $ | -0- | |||
2
CALENDAR CAPITAL, INC.
CONSOLIDATED STATEMENTS OF OPERATION
(Unaudited)
| |
Three Months Ended |
Nine Months Ended |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
December 31, 1999 |
December 31, 1998 |
December 31, 1999 |
December 31, 1998 |
|||||||||
| NET SALES | $ | -0- | $ | -0- | $ | -0- | $ | -0- | |||||
| Costs and expenses: | |||||||||||||
| General & administrative expenses | 8,627 | 75 | 19,631 | 225 | |||||||||
| LOSS FROM OPERATIONS | (8,627 | ) | (75 | ) | (19,631 | ) | (225 | ) | |||||
| Other income (Expense): | |||||||||||||
| Interest expense | (8,163 | ) | (8,163 | ) | (24,488 | ) | (24,488 | ) | |||||
| NET LOSS | (16,790 | ) | (8,238 | ) | (44,119 | ) | (24,713 | ) | |||||
| LOSS PER SHARE | |||||||||||||
| Basic | -0- | -0- | -0- | -0- | |||||||||
| Diluted | -0- | -0- | -0- | -0- | |||||||||
| Weighted average number of shares | 12,976,418 | 7,376,418 | 10,492,054 | 7,376,418 | |||||||||
See notes to financial statements
3
Note 1. Issuance of Stock
On August 1, 1999, the Company issued 5,600,000 shares of common stock. As consideration for the issuance of this stock, the Company received $160,000 in cash and subscription receivables for $24,000. This increased the outstanding shares of common stock from 7,376,418 shares to 12,976,418 shares.
4
Part II—Other Information
Item 6. Exhibits and Reports on Form 8-K.
5
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused Amendment No. 1 to this report to be signed on its behalf by the undersigned thereunto duly authorized.
CALENDAR CAPITAL, INC.
(Registrant)
| By: | /s/ PAUL D. CRAWFORD | |
| Paul D. Crawford | ||
| Its: | Chief Executive Officer | |
| By: |
|
/s/ WAYNE ATKINS |
| Wayne Atkins | ||
| Its: | Chief Financial Officer | |
| Date: |
|
May 23, 2000 |
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