UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report
February 28, 2000
(Amending Report of January 27, 2000)
e-Net Financial.Com Corporation
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(Exact name of registrant as specified in its charter)
Nevada 0-24512 84-1273503
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(State or other
jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
3200 Bristol Street, Suite 700, Costa Mesa, CA 92626
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(Address of principal executive offices)
Registrant's telephone number, including area code
(714) 557-2222
2102 Business Center Dr., Suite 115E, Irvine, CA 92612
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(Former name or former address, if changed since last report)
<PAGE>
Item 7. Financial Statements or Exhibits
(a) Financial Statements of Business Acquired.
(1) VPN.COM JV Partners.
Restated Financial Statements for the
Fiscal Year Ended December 21, 1999, Exhibits 1, 1.1, and 1.2
(b) Exhibits.
1 VPN.COM JV Partners Balance Sheet
1.1 VPN.COM JV Partners Consolidated Statement of Operations
1.2 VPN.COM JV Partners Statement of Cash Flows
All other exhibits applicable were previously filed with the Form 8-K dated
January 27, 2000.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned hereunto
duly authorized.
Date February 28, 2000 e-Net Financial.Com Corporation
/s/ Michael Roth
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Michael Roth, President
Exhibit 1 VPN.COM JV Partners Balance Sheet
Part I - Financial Information
VPN.COM JV Partners
(A Development Stage Company)
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Balance Sheet
December 21
1999
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ASSETS
CURRENT ASSETS
Accounts receivable ...................................... 13,288
Prepaid Expenses ......................................... 5,000
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Total Current Assets ....................................... 18,288
EQUIPMENT, net ............................................. 38,003
GOODWILL ................................................... 960,274
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Total Assets ............................................... 1,016,565
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LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Notes payable ............................................ 53,416
Accounts payable and accrued expenses .................... 81,398
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TOTAL CURRENT LIABILITIES .............................. 134,814
TOTAL LIABILITIES ...................................... 134,814
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PARTNERS' EQUITY
Contributed Capital ...................................... 1,004,000
Paid-in capital .......................................... 5,000
Retained earnings ........................................ (127,249)
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TOTAL PARTNERS' EQUITY (DEFICIT) ....................... 881,751
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1,016,565
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Unaudited Statement of Condition Compiled
From Books and Records of Company
10.2 Purchase Agreement between EMB and e-Net Financial Corporation dated
December 22, 1999 for VPN.
Exhibit 1.1 VPN.COM JV Partners Consolidated Statement of Operations
VPN.COM JV Partners
(A Development Stage Company)
Consolidated Statements of Operations
Inception (March 6, 1999) through December 21, 1999
Mar 6,
Dec 12, 1999
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REVENUES
Sales .................................................... 71,930
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TOTAL REVENUES ........................................ 71,930
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COST OF GOODS SOLD
Cost of Sales-Projects ................................... 73,543
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TOTAL COST OF GOODS SOLD .............................. 73,543
GROSS PROFIT (LOSS) ........................................ (1,613)
OPERATING EXPENSES
General and administrative ............................... 124,737
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TOTAL OPERATING EXPENSES .............................. 124,737
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INCOME (LOSS) FROM OPERATIONS .............................. (126,350)
OTHER INCOME (EXPENSE)
Interest Expense ......................................... (899)
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TOTAL OTHER INCOME (EXPENSE) .......................... (899)
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INCOME (LOSS) BEFORE INCOME TAXES .......................... (127,249)
Income Taxes ............................................. 0
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NET INCOME (LOSS) .......................................... (127,249)
========
Unaudited Statement of Condition Compiled
From Books and Records of Company
Exhibit 1.2 VPN.COM JV Partners Statement of Cash Flows
VPN.COM JV Partners
(A Development Stage Company)
STATEMENT OF CASH FLOWS
Mar 6 -
Dec 21, 1999
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Cash flows from operating activities:
Net income (loss) .......................................... (127,249)
(Increase) in accounts receivable .......................... (13,288)
(Increase)/Decrease in prepaid expenses .................... (5,000)
Depreciation ............................................... 46,356
(Increase) in other assets ................................. (1,000,000)
Increase in accounts payable ............................... 45,997
Increase in accrued expenses ............................... 35,402
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Net cash used by operating activities ...................... (1,017,782)
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Cash flows from investing activities:
Purchases of equipment ..................................... (44,634)
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Net cash used by investing activities ...................... (44,634)
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Cash flows from financing activities:
Net Proceeds from borrowings on short-term loans ........... 53,416
Contributed Capital .......................................... 1,004,000
Proceeds received from partners ............................ 5,000
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Net cash provided by financing activities .................. 1,062,416
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Net increase in cash ......................................... 0
Cash, beginning of period .................................... 0
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Cash, end of period .......................................... 0
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Unaudited Statement of Cash Flows Compiled
From Books and Records of Company
