-----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, GGh+LLzyD+qwuKrWVcV7lT3hevKGUO+4AgIwW25KcFzL8wmMAkofFqNWgisB/VSv 0ddidKN8CndYNJXXdWqCEg== 0001010412-00-000126.txt : 20000517 0001010412-00-000126.hdr.sgml : 20000517 ACCESSION NUMBER: 0001010412-00-000126 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000331 FILED AS OF DATE: 20000515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST DELTAVISION INC CENTRAL INDEX KEY: 0001051488 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 870412182 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 000-23511 FILM NUMBER: 636593 BUSINESS ADDRESS: STREET 1: 9005 COBBLE CANYON LANE CITY: SANDY STATE: UT ZIP: 84093 BUSINESS PHONE: 8019420555 MAIL ADDRESS: STREET 1: 9005 COBBLE LANE CITY: SANDY STATE: UT ZIP: 84093 10QSB 1 FORM 10-QSB FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000 U. S. Securities and Exchange Commission Washington, D. C. 20549 FORM 10-QSB [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2000 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to -------------- --------------- Commission File No. 0-23511 FIRST DELTAVISION, INC. ----------------------- (Name of Small Business Issuer in its Charter) NEVADA 87-0412182 ------ ---------- (State or Other Jurisdiction of (I.R.S. Employer I.D. No.) incorporation or organization) 9005 Cobble Canyon Lane Sandy, Utah 84093 -------------------------- (Address of Principal Executive Offices) Issuer's Telephone Number: (801) 942-0555 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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. (1) Yes X No (2) Yes X No --- --- --- --- APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Not applicable. APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date: March 31, 2000 235,000 ------- PART I - FINANCIAL INFORMATION Item 1. Financial Statements. The Financial Statements of the Registrant required to be filed with this 10-QSB Quarterly Report were prepared by management, and commence on the following page, together with Related Notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant. First Deltavision, Inc. (A Development Stage Company) Financial Statements March 31, 2000 (Unaudited) & June 30,1999 [Letterhead] Schvaneveldt & Company Certified Public Accountant 275 East South Temple, Suite #300 Salt Lake City, Utah 84111 (801) 521-2392 Darrell T. Schvaneveldt, C.P.A. Board of Directors First Deltavision, Inc. (A Development Stage Company) I have reviewed the accompanying balance sheets, of First Deltavision, Inc., as of March 31, 2000, and for the three months and the nine months periods then ended. These financial statements are the responsibility of the Company's management. I conducted my review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, I do not express such an opinion. Based on my review, I am not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with generally accepted accounting principles. /S/ Schvaneveldt & Company Salt Lake City, Utah 84111 May 11, 2000 First Deltavision, Inc. (A Development Stage Company) Balance Sheets For the Nine Months Period Ended March 31, 2000 (Unaudited) and the Year Ended June 30, 1999
March June 30, 31, 2000 1999 Assets Current Assets $ -0- $ -0- Total Assets $ -0- $ -0- Liabilities & Stockholders' Equity Current Liabilities Accounts Payable $ 19,648 $16,403 Due to Officers 13,911 11,154 Total Liabilities 33,559 27,557 Stockholders' Equity Common Stock 50,000,000 Shares Authorized: $0.001 Par Value, 235,000 Shares Issued & Outstanding Retroactively Restated Respectively 235 235 Paid In Capital 101,376 101,376 Accumulated Deficit ( 135,170) (129,168) Total Stockholders' Equity ( 33,559) ( 27,557) Total Liabilities & Stockholders' Equity $ -0- $ -0-
First Deltavision, Inc. (A Development Stage Company) Statement of Operations (Unaudited) For the Three Months Periods Ended March 31, 2000 & 1999 and for the Nine Months Periods Ended March 31, 2000 & 1999
Three Months Periods Ended Nine Months Periods Ended March March March March 31, 2000 31, 1999 31, 2000 31, 1999 Revenues $ -0- $ -0- $ -0- $ -0- Expenses Filing Fees $ 85 $ -0- $ 355 $ 165 Professional Fees 2,839 1,342 4,874 5,572 Transfer Agent Fees 97 -0- 773 -0- Total Expenses 3,021 1,342 6,002 5,737 Net Loss ($ 3,021)($ 1,342) ($ 6,002) ($5,737) Loss Per Share (0.01) (0.00) (0.03) (0.02) Weighted Average Shares Outstanding 235,000 235,000 235,000 235,000
First Deltavision, Inc. (A Development Stage Company) Statement of Cash Flows (Unaudited) For the Three Months Period July 1, 2000 to March 31, 2000 and the Nine Months Periods July 1, 1999 to March 31, 1999
March March 31, 2000 31, 1999 Cash Flows from Operating Activities Net Loss ($6,002) ($5,737) Adjustments to Reconcile Net Cash to Net Loss: Non Cash Expense -0- -0- Changes in Operating Assets & Liabilities: Increase in Accounts Payable 3,245 3,033 Increase in Due to Officers 2,757 2,704 Net Cash Used by Operating Activities -0- -0- Cash Flows from Investing Activities Net Cash Used by Investing Activities -0- -0- Cash Flows from Financing Activities Net Cash Used by Financing Activities -0- -0- Increase (Decrease) in Cash -0- -0- Cash at Beginning of Period -0- -0- Cash at End of Period $ -0- $ -0- Cash Disclosures from Operating Activities Interest $ -0- $ -0- Taxes -0- -0-
First Deltavision, Inc. (A Development Stage Company) Note to Financial Statements NOTE #1 - Statement Preparation The Company has prepared the accompanying financial statements with interim financial reporting requirements promulgated by the Securities & Exchange Commission. The information furnished reflects all adjustments which are, in the opinion of management, necessary for a fair presentation of financial position and results of operations. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's June 30, 1999 10-KSB Annual Report. Item 2. Management's Discussion and Analysis or Plan of Operation. - -------------------------------------------------------------------- Plan of Operation. - ------------------ During this quarterly period, the Company received no revenues. Total expenses were $3,021 and net income totaled $(3,021). There were also no revenues during the same quarter of 1998. The Company is presently attempting to determine which industries or areas where the Company should concentrate its business efforts, and at their determination, will formulate its business plan and commence operations. During the next 12 months, the Company's only foreseeable cash requirements will relate to maintaining the Company in good standing or the payment of expenses associated with reviewing or investigating any potential business venture, which the Company expects to pay from its cash resources. Results of Operations. - ---------------------- During the quarterly period ended March 31, 2000, the Company had no business operations. During this period, the Company received total revenues of $0 and had net income of $(3,021). Liquidity. - ---------- At March 31, 2000, the Company had no current assets, with total current liabilities of $33,559. Total stockholder's equity was $(33,559). In order to meet its expenses during the next 12 months, management expects that the Company may be required to sell shares of its common stock to "accredited" or "sophisticated" investors. PART II - OTHER INFORMATION Item 1. Legal Proceedings. - ---------------------------- None; not applicable. Item 2. Changes in Securities. - -------------------------------- None; not applicable. Item 3. Defaults Upon Senior Securities. - ------------------------------------------ None; not applicable. Item 4. Submission of Matters to a Vote of Security Holders. - -------------------------------------------------------------- None; not applicable. Item 5. Other Information. - ---------------------------- The Company has authorized the issuance of 150,000 shares of its common stock that will be registered on Form S-8. See the Company's Definitive Proxy Statement dated January 28, 2000, which has been previously filed with the Securities and Exchange Commission and is incorporated herein. Item 6. Exhibits and Reports on Form 8-K. - ------------------------------------------- (a) Exhibits. Financial Data Schedule. Definitive Proxy Statement dated January 28, 2000* (b) Reports on Form 8-K. None. *Incorporated herein by reference. 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. FIRST DELTAVISION, INC. Date: 5/15/2000 By/S/David C. Merrell -------------- ------------------------------------- David C. Merrell Director and President Date: 5/15/2000 By/S/Todd D. Ross -------------- ------------------------------------- Todd D. Ross Director and Treasurer EX-27 2 FINANCIAL DATA SCHEDULE
5 0001051488 FIRST DELTAVISION, INC. 9-MOS JUN-30-2000 MAR-31-2000 0 0 0 0 0 0 0 0 0 33559 0 0 0 235 (33794) 0 0 0 0 0 6002 0 0 (6002) 0 0 0 0 0 (6002) (0.03) (0.03)
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