|
|
|
|
|
|
|
|
|
|
Previous: HIGH COUNTRY VENTURES INC, 8-K, EX-99.2, 2000-10-26 |
Next: HIGH COUNTRY VENTURES INC, 8-K, EX-99.4, 2000-10-26 |
EXHIBIT 99.3
SPIDERBOY INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEET
OCTOBER 13, 2000
ASSETS
------
Current assets:
Cash $ 4,290
------------
Other assets:
Purchased domain names and technology
rights, net of accumulated
amortization of $5,333 34,667
------------
Total other assets 34,667
------------
Total assets $ 38,957
============
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current liabilities:
Accounts payable $ 947
Accrued income taxes 2,919
Note payable - related party 9,500
------------
Total current liabilities 13,366
------------
Stockholders' equity:
Preferred stock, undesignated par value;
5,000,000 shares authorized; none issued
and outstanding --
Common stock, no par value; 50,000,000
shares authorized; issued and outstanding
shares 36,683,920 562,555
Accumulated deficit (477,265)
Deficit accumulated during development stage (59,699)
------------
Total stockholders' equity 25,591
------------
Total liabilities and
stockholders' equity $ 38,957
============
1
<PAGE>
SPIDERBOY INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS
Reentrance Into
Development Stage
May 1, 2000 to (November 19, 1999)
October 13, 2000 to October 13, 2000
---------------- -------------------
Revenues $ 2,048 $ 2,048
------------ ------------
Expense:
Advertising 1,964 2,145
Amortization 5,333 5,333
Bank service charges 30 71
Domain name registration costs 21,380 21,380
Postage and delivery 238 488
Office supplies 34 34
Printing and reproduction 254 757
Professional and consulting fees 18,282 23,946
Repairs and maintenance -- 477
Shareholder expenses 4,296 4,296
State filing fees -- 594
Telephone 775 775
Travel and entertainment 1,451 1,451
------------ ------------
Total expense 54,037 61,747
------------ ------------
Net loss before income taxes (51,989) (59,699)
Income taxes -- --
------------ ------------
Net loss (51,989) (59,699)
Other comprehensive income -- --
------------ ------------
Comprehensive income (loss) $ (51,989) $ (59,699)
============ ============
Basic earnings (loss) per share $ -- $ --
============ ============
"Weighted" average number of
shares outstanding 35,425,920 35,425,920
============ ============
Actual issued and oustanding
shares 36,683,920 36,683,920
============ ============
2
<PAGE>
SPIDERBOY INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
Deficit
Accumulated
Preferred Stock Common Stock During
---------------------- ---------------------- Accumulated Development
Shares Amount Shares Amount Deficit Stage Total
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
BALANCES, April 30, 1999 -- $ -- 5,425,920 $ 437,415 $ (473,206) $ -- $ (35,791)
Issuance of common stock
at $.0001 per share -- -- 30,000,000 3,000 -- -- 3,000
Additional equity
contributions to cover
administrative expenses
and settle liabilities -- -- -- 7,968 -- -- 7,968
Fiscal year 2000 -- -- -- (4,059) (4,059)
---------- ---------- ---------- ---------- ---------- ---------- ----------
BALANCES, April 30, 2000 -- -- 35,425,920 448,383 (477,265) -- (28,882)
Issuance of shares in
settlement of debt -- -- 100,000 100 -- -- 100
Issuance of shares as part
of merger -- -- 1,158,000 73,000 -- (7,710) 65,290
Additional equity contribution
to cover administrative
expenses and settle
liabilities -- -- -- 41,072 -- -- 41,072
Fiscal year 2001 year-to-date -- -- -- -- -- (51,989) (51,989)
---------- ---------- ---------- ---------- ---------- ---------- ----------
BALANCES, OCTOBER 13, 2000 -- $ -- 36,683,920 $ 562,555 $ (477,265) $ (59,699) $ 25,591
========== ========== ========== ========== ========== ========== ==========
</TABLE>
3
<PAGE>
SPIDERBOY INTERNATIONAL, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Increase (Decrease) in Cash
<TABLE>
<CAPTION>
Reentrance Into
Development Stage
May 1, 2000 to (November 19, 1999)
October 13, 2000 to October 13, 2000
---------------- -------------------
<S> <C> <C>
Cash flows from operating activities:
Net loss $ (51,989) $ (59,699)
Adjustments to reconcile net loss
to cash flows from operating activities:
Amortization 5,333 5,333
Accounts payable (27,016) (24,916)
------------ ------------
Net cash flows from operating activities (73,672) (79,282)
------------ ------------
Cash flows from investing activities -- --
------------ ------------
Cash flows from financing activities:
Proceeds from common stock 64,556 114,072
Principal reductions on note payable -
related party (5,000) (30,500)
------------ ------------
Net cash flows from financing activities 59,556 83,572
------------ ------------
Increase in cash (14,116) 4,290
Cash - beginning of period 18,406 --
------------ ------------
Cash - end of period $ 4,290 $ 4,290
============ ============
Supplemental information:
Interest paid $ -- $ --
============ ============
Income taxes paid $ -- $ --
============ ============
</TABLE>
Summary of non cash activity:
In February 2000 the Company purchased domain names and technology rights
from a related party through incurrence of a $40,000 note payable.
On October 13, 2000, the Company acquired all of the oustanding shares of
Spiderboy.com, Inc. through the conveyance of 29,438,000, including
1,158,000 newly issued shares, of the Company's common stock.
4
|
|