<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 1O-Q
(X) I QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For Quarter Ending September 30, 1999
Commission File No. 33-17774-NY
TEMPORARY TIME CAPITAL CORP.
----------------------------
(Exact name of registrant as specified in its charter)
Colorado 93-0955290
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
317 Madison Avenue, Suite 2315, New York, NY 10017
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(Address of Principal Executive Offices) (Zip Code)
(212) 661-4187
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year, 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 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 [ ]
<PAGE>
PART 1- FINANCIAL INFORMATION
Item 1. Financial Statements
Unaudited condensed balance sheet as of September 30, 1999.
Unaudited condensed statement of income and expenses for three
months and six months ended September 30, 1999.
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
None.
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 Vote of Security Holders
None.
Item 5. Other Information
None.
Item 6. Exhibits and Reports on Form 8-K
None.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed by the following persons on behalf of the Company
and in the capacities on the dates indicated.
Date: November 23, 1999 By: /s/ Joseph T. Maloney
---------------------
Joseph T. Maloney
Chairman of the Board, President,
Chief Executive Officer and Director
<PAGE>
TEMPORARY TIME CAPITAL CORP & SUBSIDIARIES
CONDENSED BALANCE SHEET
AS OF SEPTEMBER 30, 1999
(UNAUDITED)
ASSETS
CURRENT ASSETS:
CASH $ ( 168,980)
RECEIVABLES 2,214,403
---------
2,045,423
FIXED ASSETS:
FIXED ASSETS - NET ACCUM DEPREC 27,932
OTHER ASSETS:
OTHER ASSETS 502,419
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$ 2,575,774
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
CURRENT LIABILITIES $ 1,378,507
NON-CURRENT LIABILITIES:
NON-CURRENT LIABILITIES 38,360
----------
1,416,867
STOCKHOLDERS' EQUITY:
Capital Stock $ 2,343
Additional paid in capital 1,121,309
Treasury stock ( 90,714)
Retained Earnings 125,969
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TOTAL STOCKHOLDERS' EQUITY 2,575,774
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$ 3,124,195
==========
<PAGE>
TEMPORARY TIME CAPITAL CORP & SUBSIDIARIES
CONDENSED STATEMENT OF INCOME AND EXPENSES
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 1999
(UNAUDITED)
INCOME $ 2,563,820 $ 5,285,303
DIRECT EXPENSES 1,721,523 3,553,053
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842,297 1,732,250
GENERAL & ADMINSTRATIVE 756,865 1,484,016
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NET OPERATING INCOME 85,432 248,234
OTHER EXPENSES 75,373 138,381
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NET INCOME BEFORE PROVISION FOR INCOME TAXES 10,059 92,853
PROVISION FOR INCOME TAXES 2,000 17,000
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NET INCOME $ 8,059 $ 92,853
========== ===========
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> SEP-30-1999
<CASH> (168,980)
<SECURITIES> 0
<RECEIVABLES> 2,214,403
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,045,423
<PP&E> 27,932
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,575,774
<CURRENT-LIABILITIES> 1,378,507
<BONDS> 0
0
0
<COMMON> 2,343
<OTHER-SE> 1,032,938
<TOTAL-LIABILITY-AND-EQUITY> 2,575,774
<SALES> 2,563,820
<TOTAL-REVENUES> 2,563,820
<CGS> 1,721,523
<TOTAL-COSTS> 756,865
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 75,374
<INCOME-PRETAX> 10,059
<INCOME-TAX> 17,000
<INCOME-CONTINUING> 8,059
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 8,059
<EPS-BASIC> 0.03
<EPS-DILUTED> 0.03
</TABLE>
