<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
Quarterly Report Under Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the Quarter Ended Commission File Number
September 30, 1996 33-26109
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
(Exact name of registrant as specified in its charter)
UTAH
(State or other jurisdiction of incorporation or organization
87-0460880
(I.R.S. Employer Identification No.)
4386 South Eastern Avenue
Las Vegas, Nevada 89119
(Address of principal executive offices)
(702) 795-4333
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12 (b) of the Act:
None
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.
[ X ] Yes [ ] No
State the number of shares outstanding of each of the registrants
classes of common stock, as of the latest practicable date.
September 30, 1996
Common Voting Stock 6,400,000
<PAGE> 2
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
The unaudited financial statements of the Registrant required to
be filed with this 10-QSB Quarterly Report were prepared by
management together with Related Notes. In the opinion on
management, the Financial Statements fairly present the financial
condition of the Registrant.
AMAZON NATURAL TREASURES, INC.
(A Development Stage Company)
Formerly Concord Capital, Inc.
FINANCIAL STATEMENTS
September 30, 1996 and December 31, 1995
<PAGE> 3
SCHVANEVELDT AND COMPANY
Certified Public Accountant
275 E. South Temple, Suite 300
Salt Lake City, Utah 84111
(801) 521-2392
Darrell T. Schvaneveldt, C.P.A.
To the Board of Directors
Amazon Natural Treasures, Inc.
(A Development Stage Company)
Formerly Concord Capital, Inc.
The accompanying balance sheets of Amazon Natural Treasures,
Inc., (a development stage company), formerly Concord Capital,
Inc., as of September 30, 1996 and December 31, 1995, and the
related statements of income, retained earnings, and cash flows
for the periods of January 1, 1996 to September 30, 1996, January
1, 1995 to September 30, 1995, July 1, 1996 to September 30,
1996, and July 1, 1995 to September 30, 1995, were not audited by
me and, accordingly, I do not express an opinion on them.
/s/ Schvaneveldt and Company
Darrell Schvaneveldt
December 17, 1996
<PAGE> 4
Amazon Natural Treasures, Inc.
(A Development Stage Company)
Formerly Concord Capital, Inc.
Balance Sheets
September 30, 1996 and December 31, 1995
<TABLE>
<CAPTION>
Unaudited
1996 1995
ASSETS
<S> <C> <C>
Current Assets
Cash $ 218 $ 3,640
Inventory 13,631 -0-
------- -------
Total Current Assets 13,849 3,640
Fixed Assets
Furniture, Fixtures and Equipment
Net 50,027 -0-
------- -------
Total Fixed Assets 50,027 -0-
Other Assets
Refundable Deposits 5,670 -0-
Organization Costs - Net 7,466 50
------- -------
Total Other Assets 13,136 50
------- -------
TOTAL ASSETS $ 77,012 $ 3,690
======= =======
</TABLE>
<PAGE> 5
Amazon Natural Treasures, Inc.
(A Development Stage Company)
Formerly Concord Capital, Inc.
Balance Sheets -Continued-
September 30, 1996 and December 31, 1995
<TABLE>
<CAPTION>
Unaudited
1996 1995
LIABILITIES & STOCKHOLDERS' EQUITY
<S> <C> <C>
Current Liabilities
Accounts Payable $ 38,374 $ 13,211
Notes Payable 40,000 -0-
-------- --------
Total Current Liabilities 78,374 13,211
Long Term Liabilities 67,302 -0-
-------- --------
Total Liabilities 145,676 13,211
Stockholders' Equity
500,000,000 Common Shares Authorized
At $0.001 Par Value:
6,400,000 and 2,809,933 Shares Issued
& Outstanding Respectively 6,400 2,810
3,300,000 Shares Subscribed Not Issued -0- 16,500
Paid In Capital 94,450 69,706
Accumulated Deficits (169,514) (98,537)
-------- --------
Total Stockholders' Equity (68,664) (9,521)
-------- -------
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY $ 77,012 $ 3,690
======== =======
</TABLE>
<PAGE> 6
Amazon Natural Treasures, Inc.
(A Development Stage Company)
Formerly Concord Capital, Inc.
Statements of Operations -Unaudited-
From January 1, 1996 to September 30, 1996 and
January 1, 1995 to September 30, 1995 and
July 1, 1996 to September 30, 1996 and
July 1, 1995 to September 30, 1995
<TABLE>
<CAPTION>
01/01/96 01/01/95 07/01/96 07/01/95
to to to to
09/30/96 09/30/95 09/30/96 09/30/95
<S> <C> <C> <C> <C>
Revenues $ 30,585 $ -0- $ 10,284 $ -0-
Costs of Sales 32,824 -0- 4,428 -0-
-------- ------- --------- -------
Gross Margin (2,239) -0- 5,856 -0-
Expenses
Director Fees -0- 250 -0- 70
Taxes -0- 100 -0- -0-
Depreciation 11,194 -0- 4,896 -0-
Rent 22,500 -0- 13,968 -0-
Travel 52,874 -0- 8,873 -0-
Telephone 5,682 -0- 599 -0-
Maintenance 4,100 -0- 300 -0-
General &
Administrative 14,272 -0- (6,344) -0-
Professional Fees 40,915 1,500 39,565 1,500
-------- ------- --------- -------
Total Expenses 151,537 1,850 61,857 1,570
-------- ------- --------- -------
Net Loss $(153,776) $ (1,850) $ (56,001) $ (1,570)
======== ======= ========= ========
Loss Per Share $ (.02) $ (.00) $ (.01) $ (.00)
Shares Outstanding
at End of Period 6,400,000 2,759,933 6,400,000 2,759,933
</TABLE>
<PAGE> 7
Amazon Natural Treasures, Inc.
(A Development Stage Company)
Formerly Concord Capital, Inc.
Statements of Cash Flows - Unaudited-
For the Period January 1, 1996 to September 30, 1996
and January 1, 1995 to September 30, 1995
<TABLE>
<CAPTION>
January 1, January 1,
1996 to 1995 to
September September
30, 1996 30, 1995
CASH FLOWS FROM OPERATING ACTIVITIES
<S> <C> <C>
Net Loss $ (153,776) $ (1,850)
Adjustments to Reconcile Net Loss
to Net Cash Used by Operating Activities:
Depreciation 11,194 -0-
Changes in Operating Assets & Liabilities:
(Increase) in Inventory (5,950) -0-
Increase (Decrease) in
Accounts Payable 38,374 (276)
--------- -------
Net Cash Used by Operating Activities (110,158) (2,126)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase Equipment (1,409) -0-
--------- -------
Net Cash Used by Investing Activities (1,409) -0-
CASH FLOWS FROM FINANCING ACTIVITIES
Common Shares Subscribed -0- 1,730
Contributed Capital 843 -0-
Increase in Notes Payable 107,302 626
--------- -------
Net Cash Provided by
Financing Activities 108,145 2,356
--------- -------
Increase (Decrease) in Cash (3,422) 230
Cash at Beginning of Period 3,640 -0-
--------- -------
Cash at End of Period $ 218 $ 230
========= =======
Additional Disclosures
Interest $ -0- $ -0-
Taxes -0- -0-
</TABLE>
<PAGE> 8
AMAZON NATURAL TREASURES, INC.
Notes to Financial Statements
NOTE #1 - Statement Preparation
The Company has prepared the accompanying financial statements with
interim financial reporting requirements promulgated by the Securities &
Exchange Commission. The information furnished reflects all adjustments
which are, in the opinion of management necessary for a fair presentation
of financial position and results of operations.
The consolidated financial statements should be read in conjunction
with the consolidated financial statements and notes thereto included in
the Company's's 1994 10-K report.
<PAGE> 9
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL STATEMENTS
Liquidity and Capital Resources
Since the reverse acquisition of Amazon Natural Treasures, Inc., (NV) the
Company has had limited operations and has made preparation to launch more
extensive operations in the near future. Currently, the Company's capital
resources are inadequate for this purpose. To finance these activities the
Company seeks to do a private placement memorandum offering.
Results of Operations
The Company does have limited operations and costs attributed to
development of future operations. In the quarter ended September 30, 1996
the Company lost $56,001 and had a fiscal year to date loss of $151,537.
Plan of Operation
In March 1996, the Board of Directors approved an exchange of common shares
with Amazon Natural Treasures, Inc., a privately held Nevada Company.
Amazon Natural Treasures, Inc., is a Phyto Therapy Health Maintenance
Company. They produce and distribute health supplements derived from
plants and related species for the cure and treatment of human illnesses
and diseases.
The Board of Directors feels this will offer shareholders a viable business
opportunity for the future.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
None; not applicable.
Item 2. Changes in Securities
None; not applicable.
Item 3. Defaults upon Senior Securities
None; not applicable.
Item 4. Submission of Matters to a Vote of Security Holders
None; not applicable.
Item 5. Other Information
None; not applicable.
Item 6. Exhibits and Reports on Form 8-K
(A) Exhibits.
None.
<PAGE> 10
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated this 18th day of December, 1996.
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
/s/ Michael Sylver
President & Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at September 30, 1996
(Unaudited) and the Consolidated Statement of Income for the nine months
ended September 30, 1996 (Unaudited) and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1996
<CASH> 218
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 13,631
<CURRENT-ASSETS> 13,849
<PP&E> 62,989
<DEPRECIATION> 12,961
<TOTAL-ASSETS> 77,012
<CURRENT-LIABILITIES> 78,374
<BONDS> 0
6,400
0
<COMMON> 0
<OTHER-SE> (105,064)
<TOTAL-LIABILITY-AND-EQUITY> 77,012
<SALES> 30,585
<TOTAL-REVENUES> 30,585
<CGS> 32,824
<TOTAL-COSTS> 151,537
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> (153,776)
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (153,776)
<EPS-PRIMARY> (0.02)
<EPS-DILUTED> (0.02)
</TABLE>
