SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
Annual Report Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For the Quarter Ended Commission File No.
March 31, 1995 33-19345-LA
EXHIBITRONIX, INC.
Nevada 93-0943718
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
17492 Jordan Avenue #5C
Irvine, California 92612
(Address of Principal Executive Offices)
Registrant's telephone number including area code: 714-253-9600
Former name, former address, and former fiscal
year end, if changed since last report.
Indicate by checkmark 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 in the past 90 days:
Yes X No
------- -------
Indicate the number of shares outstanding for each of the issuer's classes
of Common Stock as of the last practical date: June 17, 1997, 6,428,078
Shares
<PAGE>
Exhibitronix, Inc.
TABLE OF CONTENTS
PART I FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS (Unaudited)
Balance Sheets. . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Statement of Operations . . . . . . . . . . . . . . . . . . . . . . .4
Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . .5
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . .6
ITEM 2 MANAGEMENT DISCUSSION AND FINANCIAL
CONDITION AND RESULTS OF OPERATIONS. . . . . . . . . . . . . . .6
PART II OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . .7
SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . .8<PAGE>
Exhibitronix, Inc.
March 31, 1995 & December 31, 1994
<TABLE>
<CAPTION>
March December
31, 1995 31, 1994
--------- ---------
<S> <C> <C>
Assets
Current Assets
- --------------
Cash $ -0- $ -0-
--------- ---------
Total Current Assets $ -0- $ -0-
========= =========
Current Liabilities
- -------------------
Accounts Payable $ 500 $ 400
Stockholders' Equity
- --------------------
Common Stock 50,000,000 Shares
Authorized at $0.001 par value
1,028,078 Shares Issued &
Outstanding Retroactively
Restated 1,028 1,028
Paid In Capital 125,871 125,871
Retained Earnings (Deficit) (127,399) (127,299)
--------- ---------
Total Stockholders' Equity (500) (400)
--------- ---------
Total Liabilities &
Stockholders' Equity $ -0- $ -0-
========= =========
</TABLE>
The accompanying notes are an integral part of these financial statements
- 3 -<PAGE>
Exhibitronix, Inc.
Statements of Operations
January 1, 1995 to March 31, 1995
& January 1, 1994 to March 31, 1994
<TABLE>
<CAPTION>
January January
1, 1995 1, 1994
to to
March March
31, 1995 31, 1994
--------- ---------
<S> <C> <C>
Revenues $ -0- $ -0-
- --------
Expenses
- --------
License & Tax 100 100
--------- ---------
Total Expenses 100 100
--------- ---------
Net Loss (100) (100)
========= =========
Loss Per Share (.00) (.00)
Weighted Average
Shares Outstanding 1,148,078 1,148,078
</TABLE>
The accompanying notes are an integral part of these financial statements
- 4 -<PAGE>
Exhibitronix, Inc.
Statements of Cash Flows
January 1, 1995 to March 31, 1995
and the January 1, 1994 to March 31, 1994
<TABLE>
<CAPTION>
March March
31, 1995 31, 1994
--------- ---------
<S> <C> <C>
Cash Flows from Operating Activities
- ------------------------------------
Net Loss $ (100) $ (100)
Changes in Operating Liabilities:
Increase (Decrease) in Accounts
Payable 100 100
--------- ---------
Net Cash Used by
Operating Liabilities -0- -0-
Cash Flows from Investing Activities -0- -0-
- -----------------------------------
Cash Flows from Financing Activities
- -----------------------------------
Sale of Common Stock -0- -0-
--------- ---------
Net Cash Provided by
Financing Activities -0- -0-
--------- ---------
Increase in Cash and
Cash Equivalents -0- -0-
Cash at Beginning of Period -0- -0-
--------- ---------
Cash at End of Period $ -0- $ -0-
========= =========
Disclosures from Operating Activities
- -------------------------------------
Interest $ -0- $ -0-
Taxes -0- -0-
</TABLE>
The accompanying notes are an integral part of these financial statements
- 5 -<PAGE>
Exhibitronix, Inc.
Notes to Financial Statements (Unaudited)
ITEM I
NOTE #1 - Basis of Presentation
- --------------------------------
The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-Q and Rule 10-01
of Regulation S-X. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for
complete financial statements. In the opinion of management, adjustments
(consisting of normal recurring accruals) considered necessary for a fair
presentation have been included. Operating results for the three month
periods ending March 31, 1995 are not necessarily indicative of the
results that may be expected for the year ended December 31, 1995.
ITEM II
Management's Discussion and Analysis of Financial Condition and Results of
Operation
The Company has no operations, no assets or liabilities and is dependent
upon its officers for its cash requirements which are $100 or less per
year.
<PAGE>
PART II
OTHER INFORMATION
Item 1 Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . .None
Item 2 Changes in the Rights of the Company's
Security Holders . . . . . . . . . . . . . . . . . . . . . . .None
Item 3 Defaults by the Company on its Senior Securities . . . . . . .None
Item 4 Results of Votes 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,
the Registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.
/s/ June 17, 1997 /s/ Jay A. Geier
Date ----------------- By:----------------------
June 17, 1997 Jay A. Geier, President
Exhibitronix, Inc.
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 500
<BONDS> 0
0
0
<COMMON> 1,028
<OTHER-SE> (1,528)
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 100
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (100)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (100)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
