-----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, Db1maQBSOVh0xfh3BOTzHIiRQL/EY8VfiRYHHTkj/tn1o09q66ygrkIohcRHhTzK gPDVsteqker7BB3Ryd/gJw== 0001070544-00-000336.txt : 20001214 0001070544-00-000336.hdr.sgml : 20001214 ACCESSION NUMBER: 0001070544-00-000336 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYBEREXCELLENCE INC CENTRAL INDEX KEY: 0001016082 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 880356052 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-29605 FILM NUMBER: 787677 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/A 1 0001.txt FORM 10QSB/A (SEPTEMBER, 2000) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB/A (Mark One) [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 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 December 12, 2000 was 2,042,000. TABLE OF CONTENTS PART I ITEM 1. FINANCIAL STATEMENTS..................................................3 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.............4 PART II ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K......................................4 SIGNATURES.....................................................................5 INDEX TO EXHIBITS..............................................................6 [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 September 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 F-1 through F-5 and are incorporated herein by this reference. [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY] 3 INDEX TO FINANCIAL STATEMENTS Unaudited Balance Sheet as of September 30, 2000 and December 31, 1999.......F-2 Unaudited Statement of Operations for the nine months ended September 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to September 30, 2000....................................F-3 Unaudited Statement of Cash Flows for the nine months ended September 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to December 31, 1999.....................................F-4 Notes to Condensed Financial Statements......................................F-5 F-1 CYBEREXCELLENCE, INC. (A Development Stage Company) Balance Sheets As Of September 30, 2000 and December 31, 1999
(Unaudited) September 30, December 31, 2000 1999 ---------------- ---------------- ASSETS CURRENT ASSETS: Cash $ 21 $ - ---------------- ---------------- TOTAL CURRENT ASSETS 21 - TOTAL ASSETS $ 21 $ - ================ ================ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts Payable - Trade $ 742 $ - Accounts Payable - Related Party 850 - ---------------- ---------------- TOTAL CURRENT LIABILITIES 1,592 - 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 September 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 (3,937) (2,006) ---------------- ---------------- TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY) (1,571) - ---------------- ---------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21 $ - ================ ================
The accompanying notes are an integral part of these financial statements F-2 CYBEREXCELLENCE, INC. (A Developmental Stage Company) Unaudited Statements of Operations For the Periods Ended September 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to September 30, 2000
For the Three Months Ended For the Nine Months Ended Inception to September 30 September 30 September 30, 2000 1999 2000 1999 2000 -------------- ---------------- --------------- ---------------- ------------------- Revenue: None $ - $ - $ - $ - $ - -------------- ---------------- --------------- ---------------- ------------------- Expenses: General and administrative costs 130 - 809 - 2,815 Outside Service 742 - 742 - 742 Stock Related - - 380 - 380 -------------- ---------------- --------------- ---------------- ------------------- Total Operating Expenses 872 - 1,931 - 3,937 Operating Profit (Loss) (872) - (1,931) - (3,937) -------------- ---------------- --------------- ---------------- ------------------- Provision for income taxes - - - - - Net loss $ (872)$ - $ (1,931)$ - $ (3,937) ============== ================ =============== ================ =================== Net loss per common share - basic $ (0.001)$ - $ (0.002)$ - ============== ================ =============== ================ Weighted average number of shares outstanding - basic 1,042,000 1,000,000 1,042,000 1,000,000 ============== ================ =============== ================
The accompanying notes are an integral part of these financial statements F-3 CYBEREXCELLENCE, INC. (A Developmental Stage Company) Unaudited Statements of Cash Flows For the Nine Months Ended September 30, 2000 and 1999 and February 15, 1996 (Date of Inception) to September 30, 2000
Inception to September 30, September September 30, 2000 30, 1999 2000 --------------- ---------------- --------------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) $ (1,931) $ - $ (3,937) --------------- ---------------- --------------------- Adjustments to reconcile net (loss) to net cash used by operating activities: Increase in Accounts Payable 742 - 742 Services and expenses paid with common stock - - 1,006 --------------- ---------------- --------------------- Total adjustments - - 1,748 --------------- ---------------- --------------------- Net cash provided (used) by operating activities (1,189) - (2,189) --------------- ---------------- --------------------- 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 change in cash 21 - 21 --------------- ---------------- --------------------- Cash, beginning - - - --------------- ---------------- --------------------- Cash, ending 21 - 21 =============== ================ ===================== 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 F-4 CYBEREXCELLENCE, INC NOTES TO CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS September 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. Related Party Transactions At the conclusion of the third quarter, Hudson Consulting Group, Inc. billed the Company $742.00 for services rendered in preparing disclosure documents and general administrative tasks with regard to daily operations. Richard Surber is president of both Hudson Consulting Group, Inc. and the Company. 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. F-5 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 fourth 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 6 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. 4 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 12th day of December, 2000. CYBEREXCELLENCE, INC. /s/ Richard D. Surber - ---------------------------- Richard D. Surber President and Director 5 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 7 Financial Data Schedule "CE". * Incorporated herein by reference from the referenced filings previously made by the Company. 6 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 SEPT 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 SEP-30-2000 1 21 0 0 0 0 21 0 0 21 1,592 0 0 0 2,042 (3,613) 21 0 0 0 0 872 0 0 (872) 0 (872) 0 0 0 (872) (0.00) (0.00)
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