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Previous: ESKIMO PIE CORP, 8-K, 1999-08-30 |
Next: MIDAS SPECIAL EQUITIES FUND INC /MD, NSAR-A, 1999-08-30 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JUNE 14, 1999
USA TALKS.COM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEVADA 33-2474-LA 93-0915593
- ---------------------------- ------------------------ -------------------
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
4180 LA JOLLA VILLAGE DRIVE,
SUITE 570, LA JOLLA, CA 92037
(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (619) 546-0550
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>
ITEM 7. Financial Statements And Exhibits
Pro forma financial information.
USA TALKS.COM, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEET
<TABLE>
<CAPTION>
USA TALKS.COM TRISERVE COMM. COMBINED
MAY 31, 1999 MAY 31, 1999 MAY 31, 1999
------------ ------------ ------------
(UNAUDITED) (UNAUDITED) (UNAUDITED)
<S> <C> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 141,553 $ 40,862 $ 182,415
Note receivable - related party 140,000 - 140,000
Prepaid expenses and other current assets 790,235 22,526 812,761
------------ --------- ------------
Total current assets $ 1,071,788 $ 63,388 $ 1,135,176
Furniture and equipment, net 8,123,750 46,931 8,170,681
Other assets 900,000 - 900,000
Intangibles, net - - 0
------------ --------- ------------
Total assets $ 10,095,538 $ 110,319 $ 10,205,857
------------ --------- ------------
------------ --------- ------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,247,483 $ 82,552 $ 4,330,035
Note payable - related party 1,430 - 1,430
Contract payable - - 0
Accrued expenses 91,542 - 91,542
Convertible promissory notes 1,135,000 - 1,135,000
Notes payable 100,000 - 100,000
------------ --------- ------------
Total current liabilities $ 5,575,455 $ 82,552 $ 5,658,007
------------ --------- ------------
Shareholders' equity:
Common stock, $0.001 par value, 400,000,000 shares
authorized, 76,763,000 (unaudited) shares issued
for USA Talks.com only and 81,863,000 (unaudited)
shares issued on a combined basis $ 76,763 $ 5,100 $ 81,863
Additional paid-in capital 20,730,574 89,049 20,819,623
Deficit accumulated during development stage (16,287,254) (66,382) (16,353,636)
------------ --------- ------------
Total shareholders' equity $ 4,520,083 $ 27,767 $ 4,547,850
------------ --------- ------------
Total liabilities and shareholders' equity $ 10,095,538 $ 110,319 $ 10,205,857
------------ --------- ------------
------------ --------- ------------
</TABLE>
<PAGE>
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 hereunto duly authorized.
USA TALKS.com, Inc.
Date: August 30, 1999 By: /s/ Jack C. Alexander
------------------------------
Jack C. Alexander
Chief Financial Officer
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