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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission File Number 0-24798
COLECCIONES DE RAQUEL, INC.
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(Exact name of small business issuer as specified in its charter)
Nevada 93-1123005
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(State or other jurisdiction of (IRS Employer
of Incorporation) Identification Number)
9873 S. Santa Monica Blvd., Beverly Hills, California 90212
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(Address of principal executive offices)
(310) 203-9240
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(Issuer's telephone number)
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(Former name, former address and former fiscal year, if changed since last
report)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the past 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.
Yes X No
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At March 31, 1997, 24,000,000 shares of the Company's $.0001 par value common
stock were outstanding.
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PART 1 - FINANCIAL INFORMATION
ITEM 1. Financial Statements PAGE
----
(c) Statement of Stockholder's Equity (Unaudited) -
Period from Inception (December 1, 1987) to March 31, 1997. . . 3
ii
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COLECCIONES DE RAQUEL, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY
FOR THE PERIOD FROM DECEMBER 1, 1987 (INCEPTION) TO MARCH 31, 1997
(UNAUDITED)
<TABLE>
<CAPTION>
Preferred Stock Common Stock Deficit
-------------------- ----------------------- Additional MMI During the Total
Number Number Paid-In Settlement Development Shareholder's
of Shares Amount of Shares Amount Capital Agreement Stage Equity
------------ --------- ---------- ---------- ---------- ---------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net loss from the
inception through
December 31, 1992 - $ - - $ - $ - $ - $ (29,178) $ (29,178)
Net Loss, 1993 - - - - - - (7,462) (7,462)
---------- ----------- ---------- ---------- ------------ ---------- --------- ---------
Balance, Dec. 31, 1993 - - - - - - (36,640) (36,640)
Common Stock Issued
In reorganization - - 20,000,000 2,000 34,754 - - 36,754
Common Stock Issued
In IPO - - 1,000,000 100 90,990 - 91,090
Preferred Stock exchanged
for Common Stock per IPO 100,000 100 (20,000,000) (2,000) 1,900 - - -
Exercise of A Warrants - - 1,000,000 100 249,900 - - 250,000
MMI Settlement Agreement - - - - - (250,000) - (250,000)
Net Loss, 1994 - - - - - - (58,052) (58,052)
---------- ----------- ---------- ---------- ------------ ---------- --------- ---------
Balance, Dec. 31, 1994 100,000 100 2,000,000 200 377,544 (250,000) (94,692) 33,152
Exercise of B Warrants - - 2,000,000 200 999,800 - - 1,000,000
MMI settelement agreement - - - - - ( 1,000,000) - (1,000,000
Cash received from MMI - - - - - 849,875 - 849,875
Net loss, 1995 - - - - - - (126,518) (126,518)
---------- ----------- ---------- ---------- ------------ ---------- --------- ---------
Balance, Dec. 31, 1995 100,000 100 4,000,000 400 1,377,344 (400,125) (221,210) 756,509
Cash received from MMI - - - - - 400,125 - 400,125
Net Loss - - - - - - (103,379) (103,379)
---------- ----------- ---------- ---------- ------------ ---------- --------- ---------
Cash received from MMI - - - - - - 400,125 400,125
Common Stock exchanged
for Preferred Stock (100,000) (100) 20,000,000 2,000 (1,900)
Net Loss (308,137) (308,137)
---------- ----------- ---------- ---------- ------------ ---------- --------- ---------
Balance Dec. 31, 1996 - $ - 24,000,000 $ 2,400 $1,375,444 $ - $(529,347) $ 848,497
Balance March 31, 1997 - $ - 24,000,000 $ 2,400 $1,375,444 $ - $(599,989) $ 777,855
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</TABLE>
See accompanying notes to financial statements.
3
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SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
COLECCIONES DE RAQUEL, INC.
(Registrant)
Dated: May 19, 1997 By: /s/ Raquel Zepeda
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Raquel Zepeda, Chief Financial Officer
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