<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
Quarterly Report Under Section 13 or 15(d) of
the Securities Exchange Act of 1934
For the Quarter Ended Commission File Number
June 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.
June 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, and commence of the following page, together with
Related Notes. In the opinion on management, the Financial
Statements fairly present the financial condition of the
Registrant.
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 June 30,
1996 the Company lost $39,120 and had a fiscal year to date loss
of $99,775.
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 felt this would offer shareholders a viable
business opportunity for the future.
<PAGE> 3
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BALANCE SHEETS
JUNE 30, 1996 AND DECEMBER 31, 1995
ASSETS
<TABLE>
<CAPTION>
Unaudited
1996 1995
<S> <C> <C>
Current Assets
Cash $ 242 $ 3,640
Inventory 13,631 -0-
-------- ---------
Total Current Assets 13,873 3,640
Fixed Assets
Furniture, Fixtures and
Equipment - Net 54,924 -0-
-------- ---------
Total Fixed Assets 54,924 -0-
Other Assets
Refundable Deposits 1,694 -0-
Organization Costs - Net 7,809 50
------- ---------
Total Other Assets 9,503 50
------- ---------
TOTAL ASSETS $ 78,300 $ 3,690
======= =========
</TABLE>
<PAGE> 4
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BALANCE SHEETS
MARCH 31, 1996 AND DECEMBER 31, 1995
LIABILITIES & STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
Unaudited
1996 1995
<S> <C> <C>
Current Liabilities
Accounts Payable $ 21,200 $ 13,211
Notes Payable 2,000 -0-
--------- ---------
Total Current Liabilities 23,200 13,211
Long Term Liabilities 70,000 -0-
--------- ---------
Total Liabilities 93,200 13,211
Stockholders' Equity
500,000,000 Common Shares Authorized
At $0.001 Par Value;
2,809,933 and 6,400,000 Shares Issued
and 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 (115,750) (98,537)
--------- --------
Total Stockholders' Equity (14,900) (9,521)
-------- --------
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY $ 78,300 $ 3,690
======== ========
</TABLE>
<PAGE> 5
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
STATEMENTS OF OPERATIONS
FROM JANUARY 1, 1996 TO JUNE 30, 1996 AND
JANUARY 1, 1995 TO JUNE 30, 1995 AND
APRIL 1, 1996 TO JUNE 30, 1996 AND
APRIL 1, 1995 TO JUNE 30, 1995
<TABLE>
<CAPTION>
01/01/96 01/01/95 04/01/96 04/01/95
to to to to
06/30/96 06/30/95 06/03/96 06/30/96
<S> <C> <C> <C> <C>
Revenues $ 20,301 $ -0- $ 3,976 $ -0-
Costs of Sales 28,396 -0- 3,446 -0-
-------- -------- -------- -------
Gross Margin (8,095) -0- 530 -0-
Expenses
Director Fees -0- 180 -0- 90
Taxes -0- 100 -0- -0-
Depreciation 6,298 -0- 3,149 -0-
Rent 8,532 -0- 5,119 -0-
Travel 44,001 -0- 27,092 -0-
Telephone 5,083 -0- 543 -0-
Maintenance 3,800 -0- -0- -0-
General &
Administrative 20,616 -0- 1,587 -0-
Professional Fees 1,350 -0- 1,350 -0-
-------- -------- -------- -------
Total Expenses 89,680 280 39,650 90
-------- -------- -------- -------
Net Loss $ (97,775) $ (280) $ (39,120) $ (90)
======== ======== ======== =======
Loss Per Share (.03) (.00) (.01) (.00)
Shares Outstanding
at End of Period 3,350,000 2,759,933 6,400,000 2,759,933
</TABLE>
<PAGE> 6
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
STATEMENTS OF CASH FLOWS -UNAUDITED-
FOR THE PERIOD JANUARY 1, 1996 TO JUNE 30, 1996
AND JANUARY 1, 1995 TO JUNE 30, 1995
<TABLE>
<CAPTION>
1996 1995
<S> <C> <C>
Cash Flows from Operating Activities
Net Loss $ (97,775) $ (280)
Adjustments to Reconcile Net Loss
to Net Cash
Depreciation 6,298 -0-
Amortization 786 -0-
Changes in Operating Assets & Liabilities
(Increase) in Inventory (5,950) -0-
Decrease in Accounts
Payable 21,200 (196)
-------- --------
Net Cash Used by Operating
Activities (75,441) (476)
Cash Flows from Investing Activities
Purchase Equipment (800) -0-
-------- --------
Net Cash Used by Investing
Activities (800) -0-
Cash Flows from Financing Activities
Contributed Cash 843 476
Increase in Notes Payable 72,000 -0-
-------- --------
Net Cash Provided by Financing
Activities 72,843 476
-------- --------
Increase (Decrease)
in Cash (3,398) -0-
Cash at Beginning
of Period 3,640 -0-
Cash at End of Period 242 -0-
-------- --------
</TABLE>
<PAGE> 7
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
NOTE 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 financial statements should be read in conjunction with
the financial statements and notes thereto included in the
Company's 1995 10-K report and subsequent reports on Form 8-K.
<PAGE>
<PAGE> 8
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>
<PAGE> 9
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.
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BY: /s/ Michael Sylver,
President and Chief Financial Officer
Dated: October 18, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at June 30, 1996 (Unaudited)
and the Consolidated Statement of Income for the six months ended June 30,
1996 (Unaudited) and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1996
<CASH> 242
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 13,631
<CURRENT-ASSETS> 13,873
<PP&E> 61,222
<DEPRECIATION> 6,298
<TOTAL-ASSETS> 78,300
<CURRENT-LIABILITIES> 23,200
<BONDS> 0
0
0
<COMMON> 6,400
<OTHER-SE> (21,300)
<TOTAL-LIABILITY-AND-EQUITY> 78,300
<SALES> 20,301
<TOTAL-REVENUES> 0
<CGS> 28,396
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 89,680
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (97,775)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (97,775)
<EPS-PRIMARY> (0.03)
<EPS-DILUTED> (0.03)
</TABLE>
