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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 10-QSB/A
QUARTERLY REPORT ISSUED UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Nine-Month period ending March 31, 2000
VIRTUAL ACADEMICS.COM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 75-2228820 33-25900
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(State or other jurisdiction (IRS Employer Commission File
of Incorporation) Identification Number) Number
6421 Congress Avenue, Suite 201, Boca Raton, Florida 33487
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(Address of principal executive offices)
Registrant's telephone number, including area code: (561) 994-4446
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Indicate by check mark whether the registrant (1) has filed all documents and
reports required to be filed by Section 13 or 15 (d) of the Securities and
Exchange Act of 1934 during the preceding 12 months (or 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[ ]
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 distribution of
securities under a plan confirmed by a court.
Yes [ ] No [ ]
APPLICABLE TO CORPORATE ISSUERS
On March 31, 2000, the Registrant had outstanding 7,446,733 shares of common
stock, $.001 par value.
Traditional Small Business Disclosure Format: Yes [ ] No [X]
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VIRTUAL ACADEMICS.COM, INC.
INDEX
Part II. OTHER INFORMATION
Item 5. Other Information
Item 6. Exhibits and Reports on Form 8-K
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PART II - OTHER INFORMATION
ITEM 5. OTHER INFORMATION
The information which follows amends Item 5 of the Company's Report on
Form 10-QSB for the quarter ended March 31, 2000.
Pursuant to Regulation S-B, Item 304(a)(3), the Company files herewith
correspondence dated June 4, 2000, of S.W. Hatfield, CPA, the Company's former
auditors, delivered in response to the Company's Report on Form 10-QSB for the
quarter ended March 31, 2000.
The letter of S.W. Hatfield, CPA, states that the Company has an
obligation to file a transition report or to change the Company's fiscal year to
December 31. By Report on Form 8-K filed January 12, 2000, the Company reported
that pursuant to a purchase agreement filed with that Report the Company had
combined with an operating company, the shareholders of which assumed control of
the Company. The Company subsequently reported on Form 8-K/A filed February 18,
2000, that it had changed its fiscal year to June 30. The change in fiscal year
was made to conform the Company's fiscal year to the fiscal year of the
operating company with which it had combined.
With Form 8-K/A the Company filed historical financial statements of
the operating company. The Company filed Reports on Form 10-QSB on February 23,
2000, for the quarter ended December 31, 1999, and on May 11, 2000, for the
quarter ended March 31, 2000. Contrary to the letter of S.W. Hatfield, CPA, the
Company believes that no transition report is required and that it has met its
reporting requirements. The Company's counsel has advised management that the
Commission Staff has orally confirmed that the Company is not required to file a
transition report.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
A. Letter of S.W. Hatfield, CPA, dated June 4, 2000.
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SIGNATURES
In accordance with 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, duly authorized.
VIRTUAL ACADEMICS.COM, INC.
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(Registrant)
Dated: June 20, 2000 By: /S/ STEVEN BETTINGER
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Steven Bettinger, President and
Chief Operating Officer
Dated: June 20, 2000 By: /S/ ROBERT BETTINGER
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Robert Bettinger, Chief
Executive Officer, Treasurer,
Principal Financial and
Accounting Officer
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