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Previous: WOODLAKE VILLAGE ASSOCIATES INC, 10QSB, 1999-11-01 |
Next: WOODLAKE VILLAGE ASSOCIATES INC, 10QSB, 1999-11-01 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended Commission File Number
December 31, 1995 0-24380
WOODLAKE VILLAGE ASSOCIATES, INC.
(Exact Name of Registrant as specified in its Charter)
Delaware 33-0601502
(State or other Jurisdiction of I.R.S. Employer Identi-
Incorporation or Organization fication No.)
1500 Quail Street, Suite 550, Newport Beach, California 92660
(Address of Principal Executive Offices) (Zip Code)
(714) 660-1500
(Registrant's Telephone Number, including Area Code)
Indicate by check mark whether the Registrant (i) 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 (of for such shorter period that the Registrant was required to file such
reports) and (ii) has been subject to such filing requirements for the past 90
days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's
classes of Common Stock, as of the latest practicable date.
Common Stock, $.001 par value 424,600
Title of Class Number of Shares outstanding
at December 31, 1995
No exhibits included.
1
<PAGE>
<TABLE>
<CAPTION>
WOODLAKE VILLAGE ASSOCIATES, INC.
(A Company in the Development Stage)
BALANCE SHEETS
ASSETS
March 31, December 31,
1995 1995
<S> <C> <C>
CURRENT ASSETS - CASH -0- -0-
OTHER ASSETS
Organization costs, net of accumulated
amortization of $102 and $195 (Note 1) 109 69
TOTAL ASSETS $ 109 $ 69
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES - Accounts payable $ 216 $ 261
STOCKHOLDERS' EQUITY
Preferred Stock, $.001 par value; 1,000,000 shares
authorized; no shares issued and outstanding
Common Stock, $.001 par value; 20,000,000 shares
authorized; 424,600 and 400,000 shares issued and outstanding 425 425
Additional paid-in Capital 821 821
Accumulated deficit during the development stage (1,353) (1,438)
TOTAL STOCKHOLDERS' EQUITY (107) (192)
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 109 $ 69
</TABLE>
See accompanying Notes to Financial Statements
2
<PAGE>
<TABLE>
<CAPTION>
WOODLAKE VILLAGE ASSOCIATES, INC.
(A Company in the Development Stage)
STATEMENTS OF OPERATIONS
CUMULATIVE
FOR THE FOR THE FROM
NINE MONTHS THREE INCEPTION
ENDED MONTHS ENDED (JUNE 11, 1992)
DECEMBER 31, DECEMBER 31, TO SEPTEMBER
1995 1994 1995 1994 30, 1995
<S> <C> <C> <C> <C> <C> <C>
REVENUES $ -0- $ -0- $ -0- $ -0- $ -0-
OPERATING EXPENSES
General and Administrative 45 810 15 1,243
Amortization 40 42 13 14 195
TOTAL OPERATING EXPENSES 85 852 28 14 1,438
NET (LOSS) $ (85) $ (852) $ (28) $ (14) $ (1,438)
NET (LOSS) PER SHARE $ (Nil) $ (Nil) $ (Nil) $ (Nil)
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 424,600 424,600 424,600 400,000
</TABLE>
See accompanying Notes to Financial Statements
3
<PAGE>
<TABLE>
<CAPTION>
WOODLAKE VILLAGE ASSOCIATES, INC.
(A Company in the Development Stage)
STATEMENTS OF CASH FLOWS
CUMULATIVE
FOR THE FOR THE FROM
NINE MONTHS THREE INCEPTION
ENDED MONTHS ENDED (JUNE 11, 1992)
DECEMBER 31, DECEMBER 31, TO SEPTEMBER
1995 1994 1995 1994 30, 1995
CASH FLOWS FROM OPERATING
ACTIVITIES
<S> <C> <C> <C> <C> <C>
Net (Loss) $ (85) $ (852) $ (28) $ (14) $ (1,438)
Add item not requiring the
use of cash-Amortization 40 42 13 14 195
Increase (decrease) in accounts
payable 45 48 15 261
Net cash flows from operating
activities (762) (982)
CASH FLOWS INVESTING ACTIVITIES
Organizational Costs (264)
CASH FLOWS FROM FINANCING
ACTIVITIES
Contribution to Capital 500
Sale of Common Stock 746
Net Cash flows from financing
activities 1,246
NET INCREASE (DECREASE) IN CASH (762)
CASH BALANCE AT BEGINNING OF PERIOD 762
CASH BALANCE AT END OF PERIOD $ $ $ $ $
</TABLE>
See accompanying Notes to Financial Statements
4
<PAGE>
WOODLAKE VILLAGE ASSOCIATES, INC.
(A Company in the Development Stage)
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)
DECEMBER 31, 1994
1. Comments
The accompanying financial statements are unaudited, but in the opinion
of the management of the Company, contain all adjustments, consisting
of only normal recurring accruals, necessary to present fairly the
financial position at December 31, 1995, the results of operations for
the three and nine months ended December 31, 1995 and 1994, and the
cash flows for the three and nine months ended December 31, 1995 and
1994.
Reference is made to the Company's Form 10-KSB for the year ended March
31, 1994. The results of operations for the nine months ended December
31, 1995 are not necessarily indicative of the results of operations to
be expected for the full fiscal year ending March 31, 1996.
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
AND FINANCIAL
CONDITION
The Company has limited working capital and no activities.
PART II. OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS - None
Item 2. CHANGES IN SECURITIES - None
Item 3. DEFAULTS UPON SENIOR SECURITIES - None
Item 4. SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS - None
Item 5. OTHER INFORMATION - None
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
Exhibits--None
Reports on Form 8-K--None.
5
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
WOODLAKE VILLAGE ASSOCIATES, INC.
Date: January 31, 1996 By: /s/ Jehu Hand
Jehu Hand,
President and Chief Financial
Officer (chief financial officer
and accounting officer and duly
authorized officer)
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