-----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, I2iqtFr6cR8Bt5JgNfHqp+AaaHF/vKZ5ANAb4jN34m7HUCKcMIPCAxLnOiM23i8i fL3KyvgdrCBwbXhojAm10w== 0001010412-98-000097.txt : 19980521 0001010412-98-000097.hdr.sgml : 19980521 ACCESSION NUMBER: 0001010412-98-000097 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980520 SROS: NONE 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: 98629123 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, 1998 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, 1998 [ ] 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 No X --- --- --- --- 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: May 20, 1998 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, 1998 Unaudited and June 30, 1997 First Deltavision, Inc. (A Development Stage Company) Balance Sheets March 31, 1998 and June 30, 1997
March June 31, 1998 30, 1997 Assets Current Assets $ -0- $ -0- Total Assets $ -0- $ -0- Liabilities & Stockholders' Equity Current Liabilities Accounts Payable $ 7,658 $ 4,739 Due to Officers 8,050 4,151 Total Liabilities 15,708 8,890 Stockholders' Equity Common Stock 50,000,000 Shares Authorized: $0.001 Par Value 235,000 Shares and 200,000 Shares Issued & Outstanding Respectively 235 200 Paid In Capital 101,376 100,156 Accumulated Deficit ( 117,319) ( 109,246) Total Stockholders' Equity ( 15,708) ( 8,890) Total Liabilities & Stockholders' Equity $ -0- $ -0-
See Accompanying Note First Deltavision, Inc. (A Development Stage Company) Statement of Operations For the Three Month Periods Ending March 31, 1998 & 1997 & For the Nine Month Periods Ending March 31, 1998 & 1997
Three Month Periods Ending Nine Month Periods Ending March March March March 31, 1998 31, 1997 31, 1998 31, 1997 Revenues $ -0- $ -0- $ -0- $ -0- Expenses Filing Fees $ 100 $ -0- $ 100 $ -0- Office Expenses -0- -0- 570 -0- Professional Fees 586 -0- 6,802 -0- Transfer Agent Fees 152 -0- 601 -0- Total Expenses 838 -0- 8,073 -0- Net Loss $ (838) $ -0- $ (8,073) $ (-0-) Loss Per Share ($ .00) $ .00 $ (.03) $ (.00) Weighted Average Shares Outstanding 235,000 200,000 235,000 200,000
See Accompanying Note First Deltavision, Inc. (A Development Stage Company) Statement of Cash Flows For the Period July 1, 1997 to March 31, 1998 & the Period July 1, 1996 to March 31, 1997
March March 31, 1998 31, 1997 Cash Flows from Operating Activities Net Loss ($ 8,073) $ -0- Adjustments to Reconcile Net Cash Used by Operating Activities: Non Cash Expenses 1,255 -0- Changes in Operating Assets & Liabilities: Increase in Accounts Payable 2,919 -0- Increase in Due to Officers 3,899 -0- Net Cash Used by Operating Activities -0- -0- Net Cash Used by Investing Activities -0- -0- Net Cash Used by Investing Activities -0- -0- Cash Flows from Financing Activities -0- -0- Increase in Cash -0- -0- Cash at Beginning of Period -0- -0- Cash at End of Period $ -0- $ -0- Significant Non Cash Transaction 35,000 Shares Issued for Services 1,255 -0- Disclosures from Operating Activities Interest -0- -0- Taxes -0- -0-
See Accompanying Note 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, 1997 10-K report. Item 2. Management's Discussion and Analysis or Plan of Operation. - -------------------------------------------------------------------- Plan of Operation. - ------------------ The Company has not engaged in any material operations since the calendar year ended December 31, 1991, or during the quarterly period ended March 31, 1998. During this period, the Company received revenues of $0. During the same period, total expenses were $838 and net income totaled $(838). The Company's plan of operation for the next 12 months is to continue to seek the acquisition of assets, properties or businesses that may benefit the Company and its stockholders. Management anticipates that to achieve any such acquisition, the Company will issue shares of its common stock as the sole consideration for such acquisition. 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, 1998, the Company had no business operations. During this period, the Company received total revenues of $0 and had net income of $(838). Liquidity. - ---------- At March 31, 1998, the Company had no current assets, with total current liabilities of $15,708. Total stockholder's equity was $(15,708). 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. - ---------------------------- None; not applicable. Item 6. Exhibits and Reports on Form 8-K. - ------------------------------------------- (a) Exhibits. Financial Data Schedule. (b) Reports on Form 8-K. None. 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: 5/20/98 By/S/David C. Merrell -------------- ------------------------------------- David C. Merrell Director and President Date: 5/20/98 By/S/Todd D. Ross -------------- ------------------------------------- Todd D. Ross Director and Treasurer EX-27 2 FINANCIAL DATA SCHEDULE
5 0001051488 FIRST DELTAVISION, INC. 3-MOS DEC-31-1998 MAR-31-1998 0 0 0 0 0 0 0 0 0 15708 0 0 0 235 (15943) 0 0 0 0 0 838 0 0 (838) 0 0 0 0 0 (838) (0.00) (0.00)
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