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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
(Mark One)
xQuarterly report under Section 13, or 15 (d) of the Securities Exchange Act
of 1934
For the quarterly period ended January 31, 1998
oTransition report under Section 13 or 15 (d) of the Exchange Act
For the transition period from ________ to _____________
Commission file number 33-16335
MALEX, INC..
(Exact Name of Small Business Issuer as Specified in Its Charter)
Delaware 75-2235008
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
2415 Midway Road, Suite 121, Carrollton, Texas 75006
(Address of Principal Executive Offices)
(972) 733-3005
(Issuer's Telephone Number, Including Area Code)
17770 Preston Road, Dallas, Texas 75252
(Former Name, Former Address and Former Fiscal Year, if Changed Since
Last Report)
Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the 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 past 90 days.
xYes oNo
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13, or 15 (d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.
oYes oNo
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: 11,250,000
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MALEX, INC.
I N D E X
Page No.
Part I FINANCIAL INFORMATION:
Item 1. Balance Sheets 2
Statements of Operations 3
Statements of Cash Flows 4
Notes to Financial
Statements (unaudited) 5
Item 2. Management's Discussion
and Analysis of Financial
Condition and Results of
Operations 5
Part II OTHER INFORMATION 6
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MALEX, INC.
(a development stage company)
PART I. FINANCIAL INFORMATION
CONDENSED BALANCE SHEETS
(Unaudited)
ASSETS
<TABLE>
<S> <C> <C>
January 31, 1998 April 30, 1997
(Unaudited) (Audited)
Cash $ 10 $ 10
Total Assets $ 10 $ 10
LIABILITIES AND STOCKHOLDERS' EQUITY
Note Payable - Affiliate $ 540 $ 540
Stockholders' Equity:
Common stock (number of
shares authorized 25,000,000,
issued and outstanding
11,250,000 shares, par value
$.001/sh) 11,250 11,250
Retained earnings (deficit) (11,780) (11,780)
Total Liabilities &
Stockholders' Equity $ 10 $ 10
</TABLE>
The accompanying notes are an integral part of these financial statements.
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MALEX, INC.
(a development stage company)
STATEMENTS OF OPERATION
(Unaudited)
<TABLE>
<S> <C> <C>
Nine Months Ended
January 31,
1998 1997
Income $ - $-
Expenses - General and
Administrative $ - -
Net Income (Loss) $ - -
Earnings per common share * *
*(less than $0.001 per
share)
Weighted average number of
shares outstanding 11,250,000 11,250,000
</TABLE>
The accompanying notes are an integral part of these statements.
MALEX, INC.
(a development stage company)
STATEMENTS OF CASH FLOWS
Nine Months Nine Months
Ended Ended
January 31, 1998 January 31, 1997
CASH FLOWS FROM OPERATING
ACTIVITIES:
Cash Received From Customers $ - $ -
Cash Paid to Employees and
Other Suppliers of Goods
and Services - -
NET CASH PROVIDED (USED) BY
OPERATING ACTIVITIES - -
NET CASH PROVIDED (USED) BY
INVESTING ACTIVITIES - -
NET CASH PROVIDED (USED) BY
FINANCIAL ACTIVITIES - -
NET INCREASE (DECREASE) IN CASH - -
BEGINNING CASH BALANCE 10 10
CASH BALANCE AT END OF PERIOD $ 10 $ 10
The accompanying notes are an integral part of these financial statements.
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NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
Item 1. Financial Statements
The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-Q and do not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.
In the opinion of management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been included.
These statements should be read in conjunction with the audited financial
statements and notes thereto included in the Registrant's Form 10-K for the
year ended April 30, 1997.
Item 2. Management Discussion and Analysis of Financial Condition and Results
of Operations
Registrant has no operations or substantial assets and intends to seek out and
obtain candidates with which it can merge or whose operations or assets can be
acquired through the issuance of common stock and possibly debt. Following a
distribution of its common stock to the shareholders of Forme Capital, Inc.
("Forme") the Registrant has approximately 1,000 shareholders.
It is the present expectation of the Management of Registrant that in connection
with any such merger or acquisition of operations or assets that the Manage
ment of Registrant will be transferred to the new controlling shareholders.
The Management of Registrant intends to negotiate covenants with any such
company or controlling shareholders that it/they will maintain Registrant's
registration with the Securities and Exchange Commission, comply with the
terms of its Articles of Incorporation and Bylaws in all respects promote an
orderly market in Registrant's Common Stock and otherwise treat Registrant's
shareholders fairly.
Liquidity and Capital Resources
Registrant is a development-stage company and has not conducted any business
operations as yet. The Company's cash resources and liquidity are extremely
limited. The Company has no assets to use as collateral to allow the Company
to borrow, and there is no available external funding source other than Forme
which has agreed to provide up to $9,200 for expenses connected with the attempt
to find a business combination partner. If no combination partner is found
within twelve months, Registrant will experience cash flow problems. The
Registrant's principal needs for cash come from reporting requirements,
bookkeeping, and professional fees.
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PART II. OTHER INFORMATION
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 thereto duly authorized.
MALEX, INC.
(Registrant)
By: /s/ Daniel Wettreich
DANIEL WETTREICH, PRESIDENT
Date: March 9, 1998
