-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JEsVfmui5WdC09gLzNcpoPKtUOgKxgNSXQLuT5InttVqXNyYkmOrpYy1XcBuFVzJ sUldo6k8LkMKzR4FjAB3Hg== /in/edgar/work/20000731/0001070544-00-000194/0001070544-00-000194.txt : 20000921 0001070544-00-000194.hdr.sgml : 20000921 ACCESSION NUMBER: 0001070544-00-000194 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000630 FILED AS OF DATE: 20000731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYBEREXCELLENCE INC CENTRAL INDEX KEY: 0001016082 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 880356052 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 000-29605 FILM NUMBER: 682708 BUSINESS ADDRESS: STREET 1: 268 WEST 400 SOUTH STREET 2: STE 300 CITY: SALT LAKE CITY STATE: UT ZIP: 84101 BUSINESS PHONE: 8015758073 MAIL ADDRESS: STREET 1: 268 WEST 400 SOUTH STREET 2: STE 300 CITY: SALT LAKE CITY STATE: UT ZIP: 84101 10QSB 1 0001.txt FORM 10QSB (JUNE, 2000) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB (Mark One) [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2000. [ ] Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ________ to ________. Commission file number: 0-29605 ------- CYBEREXCELLENCE, INC. ----------------------------------------------------------------- (Exact name of small business issuer as specified in its charter) Nevada 88-0356052 ------ ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 268 West 400 South, Suite 300, Salt Lake City, Utah 84101 --------------------------------------------------------- (Address of principal executive office) (Zip Code) (801) 575-8073 --------------------------- (Issuer's telephone number) Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 XX No The number of outstanding shares of the issuer's common stock, $0.001 par value (the only class of voting stock), as of July 31, 2000 was 2,042,000. TABLE OF CONTENTS PART I ITEM 1. FINANCIAL STATEMENTS..................................................3 Unaudited Balance Sheet as of June 30, 2000 and December 31, 1999..............4 Unaudited Statement of Operations for the six months ended June 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to March 31, 2000...........5 Unaudited Statement of Cash Flows for the six months ended June 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to December 31, 1999........6 Notes to Condensed Financial Statements........................................7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.............8 PART II ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K......................................8 SIGNATURES.....................................................................9 INDEX TO EXHIBITS.............................................................10 [THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK] 2 PART I ITEM 1. FINANCIAL STATEMENTS As used herein, the term "Company" refers to Cyberexcellence, Inc., a Nevada corporation, and its subsidiaries and predecessors unless otherwise indicated. Consolidated, unaudited, condensed interim financial statements including a balance sheet for the Company as of the quarter ended June 30, 2000 and statements of operations, statements of shareholders equity and statements of cash flows for the interim period up to the date of such balance sheet and the comparable period of the preceding year are attached hereto as Pages 4 through 8 and are incorporated herein by this reference. [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY] 3 CYBEREXCELLENCE, INC. (A Development Stage Company) Balance Sheets As Of June 30, 2000 and December 31, 1999
(Unaudited) December 31, June 30, 2000 1999 ---------------- ---------------- ASSETS CURRENT ASSETS: Cash $ 151 $ - ---------------- ---------------- TOTAL CURRENT ASSETS 151 - TOTAL ASSETS $ 151 $ - ================ ================ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts Payable - Related Party 850 - ---------------- ---------------- TOTAL CURRENT LIABILITIES 850 - STOCKHOLDERS' EQUITY: Preferred stock, $.001 par value; authorized 5,000,000 shares; no shares issued - - Common stock, $.001 par value; authorized 20,000,000 shares; shares issued and outstanding: 2,042,000 on June 30, 2000 and December 31, 1999 2,042 2,042 Additional paid-in capital 324 324 Less Stock Subscriptions Receivable - (360) Accumulated deficit during development stage (3,065) (2,006) ---------------- ---------------- TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY) (699) - ---------------- ---------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 151 $ - ================ ================
The accompanying notes are an integral part of these financial statements 4 CYBEREXCELLENCE, INC. (A Development Stage Company) Unaudited Statements of Operations For the Six Months Ended June 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to June 30, 2000
For the Three Months Ended For the Three Months Ended March 31 June 30 Inception to 2000 1999 2000 1999 June 30, 2000 --------------- ---------------- -------------- ---------------- ------------------- Revenue: None $ - $ - $ - $ - $ - --------------- ---------------- -------------- ---------------- ------------------- Expenses: General and administrative costs - - - - 2,006 Accounting 709 - 709 - 709 Stock Related 250 - 250 - 250 --------------- ---------------- -------------- ---------------- ------------------- Gross Expenses 959 - 959 - 2965 Operating Profit (Loss) (959) - (959) - (2,965) --------------- ---------------- -------------- ---------------- ------------------- Provision for income taxes - - - - - Net loss $ (959)$ - $ (959)$ - $ (2,965) =============== ================ ============== ================ =================== Net loss per common share - basic $ - $ - $ - $ - $ - =============== ================ ============== ================ =================== Weighted average number of shares outstanding - basic 1,042,822 1,000,000 1,042,822 1,000,000 - =============== ================ ============== ================ ===================
The accompanying notes are an integral part of these financial statements 5 CYBEREXCELLENCE, INC. (A Developmental Stage Company) Unaudited Statements of Cash Flows For the Six Months Ended June 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to December 31, 1999
February 15, 1996 June 30, June 30, (Inception) to 2000 1999 June 30, 2000 --------------- ------------ -------------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) $ (1,059) $ - $ (3,065) --------------- ------------ -------------------- Adjustments to reconcile net (loss) to net cash used by operating activities: Services and expenses paid with common stock - - 1,006 --------------- ------------ -------------------- Total adjustments - - 1,006 --------------- ------------ -------------------- Net cash provided (used) by operating activities (1,059) - (2,059) --------------- ------------ -------------------- CASH FLOWS FROM FINANCING ACTIVITIES: Loans by Related Party 850 - 850 Capital contributions by incorporators 360 - 1,360 --------------- ------------ -------------------- Net cash provided by financing activities 1,210 - 2,210 Net increase in cash 151 - 151 --------------- ------------ -------------------- Cash, beginning - - - --------------- ------------ -------------------- Cash, ending $ 151 $ - $ 151 =============== ============ ==================== SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Issuance of common stock for services and expenses $ - $ - $ 1,006 =============== ============ ====================
The accompanying notes are an integral part of these financial statements 6 CYBEREXCELLENCE, INC NOTES TO CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS June 30, 2000 1. Basis of Presentation The accompanying consolidated unaudited condensed financial statements have been prepared by management in accordance with the instructions in Form 10-QSB and, therefore, do not include all information and footnotes required by generally accepted accounting principles and should, therefore, be read in conjunction with the Company's initial registration statement on Form 10-SB, filed with the Securities and Exchange Commission on February 18, 2000. These statements do include all normal recurring adjustments which the Company believes necessary for a fair presentation of the statements. The interim operations results are not necessarily indicative of the results for the full year ended December 31, 2000. 2. Year 2000 Compliance As of July 31, 2000 the Company has not had or become aware of any significant problems associated with Year 2000 issues. 3. Additional footnotes included by reference Except as indicated in Notes above, there have been no other material changes in the information disclosed in the notes to the financial statements included in the Company's initial registration statement on Form 10-SB, filed with the Securities and Exchange Commission on February 18, 2000. Therefore, those footnotes are included herein by reference. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Plan of Operations The Company's plan of operation for the coming year is to identify and acquire a favorable business opportunity. The Company does not plan to limit its options to any particular industry, but will evaluate each opportunity on its merits. The Company anticipates that its owners, affiliates, and consultants will provide it with sufficient capital to continue operations until the end of the third quarter of 2000, but there can be no assurance that this expectation will be fully realized. The Company does not expect to generate any meaningful revenue or incur operating expenses unless and until it acquires an interest in an operating company. PART II ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits-- Exhibits required to be attached by Item 601 of Regulation S-B are listed in the Index to Exhibits on page 10 of this Form 10-QSB, and are incorporated herein by this reference. (b) Reports on Form 8-K. No reports on Form 8-K were filed during the period covered by this Form 10-QSB. 8 SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, this 31st day of July, 2000. CYBEREXCELLENCE, INC. /s/ Richard Surber July 31, 2000 - -------------------------- --------------------- Richard Surber Date President and Director 9 INDEX TO EXHIBITS EXHIBIT PAGE NO. NO. DESCRIPTION - ------- ---- ----------- 3(i) * Articles of Incorporation of the Company (incorporated herein by reference from Exhibit No. 3(i) of the Company's Form 10-SB as filed with the Securities and Exchange Commission on February 18, 2000). 3(ii) * Bylaws of the Company, as amended (incorporated herein by reference from Exhibit 3(ii) of the Company's Form 10-SB as filed with the Securities and Exchange Commission on February 18, 2000). 27 11 Financial Data Schedule "CE". 10 EX-27 2 0002.txt FINANCIAL DATA SCHEDULE
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED UNAUDITED CONDENSED FINANCIAL STATEMENTS FILED WITH THE COMPANY'S JUNE 30, 2000, QUARTERLY REPORT ON FORM 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0001016082 Cyberexcellence, Inc. 1 U.S. Dollars 3-MOS DEC-31-2000 JUN-30-2000 1 151 0 0 0 0 151 0 0 151 850 0 0 0 2,042 (2,741) 151 0 0 0 0 1,059 0 0 (1,059) 0 (1,059) 0 0 0 (1,059) (0.00) (0.00)
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