<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
March 31, 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.
March 31, 1996
Common Voting Stock 6,400,000
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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 March 31,
1996, the Company lost $58,665.
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 PhytoTherapy
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>
<PAGE> 3
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BALANCE SHEETS
MARCH 31, 1996 AND DECEMBER 31, 1995
ASSETS
<TABLE>
<CAPTION>
Unaudited
1996 1995
<S> <C> <C>
Current Assets
Cash $ 2,920 $ 3,640
Inventory 13,631 -0-
--------- --------
Total Current Assets 16,551 3,640
Fixed Assets
Furniture, Fixtures
and Equipment - Net 58,073 -0-
---------- -------
Total Fixed Assets 58,073 -0-
Other Assets
Refundable Deposits 1,694 -0-
Organization
Costs - Net 7,401 50
--------- -------
Total Other Assets 9,095 50
--------- -------
TOTAL ASSETS $ 83,719 $ 3,690
========= =======
</TABLE>
F-1
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AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BALANCE SHEETS -CONTINUED-
MARCH 31, 1996 AND DECEMBER 31, 1995
LIABILITIES & STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
Unaudited
1996 1995
<S> <C> <C>
Current Liabilities
Accounts Payable $ -0- $ 13,211
--------- ---------
Total Current
Liabilities -0- 13,211
Long Term Liabilities 59,500 -0-
--------- ---------
Total Liabilities 59,500 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 (76,631) (98,537)
--------- ---------
Total Stockholders'
Equity 24,219 (9,521)
--------- ---------
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY $ 83,719 $ 3,690
========= =========
</TABLE>
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AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
STATEMENTS OF OPERATIONS
FOR THE PERIOD JANUARY 1, 1996 TO MARCH 31, 1996
AND JANUARY 1, 1995 TO MARCH 31, 1995
<TABLE>
<CAPTION>
1996 1995
<S> <C> <C>
Revenues 16,325 -0-
Costs of Sales 24,950 -0-
-------- -------
Gross Margin (8,625) -0-
Expenses
Director Fees -0- 90
Taxes -0- 100
Depreciation 3,149 -0-
Rent 3,413 -0-
Telephone 16,099 -0-
Maintenance 3,800 -0-
General &
Administrative 19,029 -0-
-------- -------
Total Expenses 50,030 190
-------- -------
Net Loss $ (58,655) $ (190)
======== =======
Loss Per Share (.01) (.00)
Shares Outstanding
at End of Period 6,400,000 2,809,933
</TABLE>
F-3
<PAGE> 6
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
STATEMENTS OF CASH FLOWS -UNAUDITED-
FOR THE PERIOD JANUARY 1, 1996 TO MARCH 31, 1996
AND JANUARY 1, 1995 TO MARCH 31, 1995
<TABLE>
<CAPTION>
1996 1995
<S> <C> <C>
Cash Flows from Operating Activities
Net Loss $ (58,655) $ (190)
Adjustments to Reconcile
Net Loss to Net Cash
Depreciation 3,149 -0-
Amortization 393 -0-
Changes in Operating
Assets & Liabilities
(Increase) in
Inventory (5,950) -0-
Decrease in
Accounts Payable -0- (286)
--------- -------
Net Cash Used by Operating
Activities (61,063) (476)
Cash Flows from
Investing Activities -0- -0-
Cash Flows from Financing Activities
Contributed Cash 843 476
Increase in
Notes Payable 59,500 -0-
--------- -------
Net Cash Provided by
Financing Activities 60,343 476
--------- -------
Increase (Decrease)
in Cash (720) -0-
--------- -------
Cash at Beginning
of Period 3,640 -0-
--------- -------
Cash at End
of Period 2,920 -0-
--------- -------
</TABLE>
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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> 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>
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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 & Chief Financial Officer
DATE: August 29, 1996
