|
|
|
|
|
|
|
|
|
|
Previous: WSI INTERACTIVE CORP, 6-K, EX-99.1, 2000-11-22 |
Next: WSI INTERACTIVE CORP, 6-K, EX-99.3, 2000-11-22 |
QUARTERLY REPORT
| Incorporated as part of: | X | Schedule A Schedule B & C |
ISSUER DETAILS:
| NAME OF ISSUER | WSI INTERACTIVE CORPORATION | |
| ISSUER ADDRESS | 200 - 1200 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, V6E 2S9 | |
| ISSUER TELEPHONE NUMBER | (604) 681-4911 | |
| CONTACT PERSON | THEO SANIDAS | |
| CONTACT'S POSITION | PRESIDENT | |
| CONTACT TELEPHONE NUMBER | (604) 681-4911 | |
| FOR QUARTER ENDED | SEPTEMBER 30, 2000 | |
| DATE OF REPORT | NOVEMBER 17, 2000 |
CERTIFICATE
THE SCHEDULES(S) REQUIRED TO COMPLETE THIS QUARTERLY REPORT ARE ATTACHED AND THE DISCLOSURE CONTAINED THEREIN HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. A COPY OF THIS QUARTERLY REPORT WILL BE PROVIDED TO ANY SHAREHOLDER WHO REQUESTS IT. PLEASE NOTE THIS FORM IS INCORPORATED AS PART OF BOTH THE REQUIRED FILING OF SCHEDULE A AND SCHEDULES B & C.
| "THEO SANIDAS" | 00/11/20 | ||
 |
| ||
| NAME OF DIRECTOR | SIGN (TYPED) | DATE SIGNED (YY/MM/DD) | |
| "MARCUS NEW" | 00/11/20 | ||
|
| ||
| NAME OF DIRECTOR | SIGN (TYPED) | DATE SIGNED (YY/MM/DD) | |
WSI INTERACTIVE CORPORATION
Quarterly Report to September 30, 2000
SCHEDULE A: FINANCIAL INFORMATION
BALANCE SHEETS
(Prepared by Management - Unaudited)
| 2000 | 1999 | |||||||
|---|---|---|---|---|---|---|---|---|
| ||||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash | $ | 367,503 | $ | 717,237 | ||||
| Accounts Receivable | 1,757,143 | 1,247,366 | ||||||
| Loans | 386,325 | -- | ||||||
| Prepaids | 187,229 | 47,215 | ||||||
| ||||||||
| 2,698,200 | 2,011,818 | |||||||
| Capital Assets | 2,443,033 | 300,715 | ||||||
| Investments | 1,546,227 | -- | ||||||
| Deferred Development Costs | 1,039,407 | -- | ||||||
| ||||||||
| $ | 7,726,867 | $ | 2,312,533 | |||||
| ||||||||
| LIABILITIES | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $ | 1,212,765 | $ | 555,033 | ||||
| Current portion of obligation under capital lease | 18,422 | -- | ||||||
| ||||||||
| 1,231,187 | 555,033 | |||||||
| Obligation under capital lease | 50,156 | -- | ||||||
| Shareholder Loan | -- | 48,735 | ||||||
| ||||||||
| 1,281,343 | 603,768 | |||||||
| SHAREHOLDERS' EQUITY | ||||||||
| Share Capital | 32,249,070 | 24,776,117 | ||||||
| Deficit | (25,803,546 | ) | (23,067,352 | ) | ||||
| 6,445,524 | 1,708,765 | |||||||
| ||||||||
| $ | 7,726,867 | $ | 2,312,533 | |||||
| ||||||||
| 0 | -- | |||||||
| APPROVED ON BEHALF OF BOARD: | |
|---|---|
| "Theo Sanidas" | |
| |
| Director | |
| "Marcus New" | |
| |
| Director |
WSI INTERACTIVE CORPORATION
Quarterly Report to September 30, 2000
STATEMENTS OF LOSS AND ACCUMULATED DEFICIT
(Prepared by Management - Unaudited)
| 2000 | 1999 | |||||||
|---|---|---|---|---|---|---|---|---|
| ||||||||
| REVENUE | $ | 639,913 | $ | 814,493 | ||||
| EXPENSES | ||||||||
| Direct costs | 603,996 | 470,017 | ||||||
| General and administrative | 953,202 | 556,907 | ||||||
| Amortization of capital assets | 251,482 | 30,926 | ||||||
| ||||||||
| 1,808,680 | 1,057,850 | |||||||
| ||||||||
| NET LOSS | (1,168,768 | ) | (243,357 | ) | ||||
| ||||||||
| Deficit, beginning of period | (24,634,778 | ) | (22,823,995 | ) | ||||
| ||||||||
| DEFICIT, end of period | $ | (25,803,546 | ) | $ | (23,067,352 | ) | ||
| ||||||||
| LOSS PER SHARE | (0.29 | ) | $ | (0.01 | ) | |||
| ||||||||
WSI INTERACTIVE CORPORATION
Quarterly Report to September 30, 2000
STATEMENTS OF CASH FLOWS
(Prepared by Management - Unaudited)
| 2000 | 1999 | |||||||
|---|---|---|---|---|---|---|---|---|
| OPERATIONS | ||||||||
| Net income (Loss) | (1,168,768 | ) | (243,357 | ) | ||||
| Non-cash adjustments | ||||||||
| Depreciation | 251,482 | 30,926 | ||||||
| ||||||||
| (917,286 | ) | (212,431 | ) | |||||
| Change in | ||||||||
| Accounts receivable | 607,795 | (946,834 | ) | |||||
| Prepaids and deposits | 10,844 | (8,741 | ) | |||||
| Accounts payable | (433,989 | ) | 273,648 | |||||
| (732,635 | ) | (894,358 | ) | |||||
| ||||||||
| INVESTING | ||||||||
| Purchase of capital assets | (176,663 | ) | (83,129 | ) | ||||
| Increase in loans | (36,325 | ) | -- | |||||
| Purchase of investments | (38,953 | ) | -- | |||||
| Increase in development costs | (131,036 | ) | -- | |||||
| (382,977 | ) | (83,129 | ) | |||||
| ||||||||
| FINANCING | ||||||||
| Issuance of share capital | 169,422 | -- | ||||||
| Increase (reduction) in shareholder loan | -- | (12,100 | ) | |||||
| ||||||||
| 169,422 | (12,100 | ) | ||||||
| ||||||||
| Increase (decrease) in cash | (946,191 | ) | (989,587 | ) | ||||
| ||||||||
| Cash, beginning of period | 1,313,693 | 1,706,824 | ||||||
| CASH AND CASH EQUIVALENTS, end of period | 367,502 | 717,237 | ||||||
| ||||||||
|
|