-----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, FzQAtg1lMuM8zAr0VfGeM+9daj8daLwwvptA9S9TEXT3j4ptCCKZLTcZ9lHlU34/ m1fk1YTL+FhPD1qFttJFUw== 0001010412-99-000097.txt : 19990517 0001010412-99-000097.hdr.sgml : 19990517 ACCESSION NUMBER: 0001010412-99-000097 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990331 FILED AS OF DATE: 19990514 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: 99622457 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, 1999 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, 1999 [ ] 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, 1999 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, 1999 (Unaudited) & June 30,1998 First Deltavision, Inc. (A Development Stage Company) Balance Sheets For the Nine Months Period Ended March 31, 1999 (Unaudited) and the Year Ended June 30, 1998
March June 31, 1999 30, 1998 Assets Current Assets $ -0- $ -0- Total Assets $ -0- $ -0- Liabilities & Stockholders Equity Current Liabilities Accounts Payable $ 15,475 $ 12,442 Due to Officers 10,754 8,050 Total Liabilities 26,229 20,492 Stockholders Equity Common Stock 50,000,000 Shares Authorized: $0.001 Par Value, 235,000 Shares Issued & Outstanding 235 235 Paid In Capital 101,376 101,376 Accumulated Deficit ( 127,840) ( 122,103) Total Stockholders Equity ( 26,229) ( 20,492) Total Liabilities & Stockholders Equity $ -0- $ -0-
First Deltavision, Inc. (A Development Stage Company) Statement of Operations For the Three Months Periods Ended March 31, 1999 & 1998 and for the Nine Months Periods Ended March 31, 1999 & 1998
Three Months Periods Ended Nine Months Periods Ended March March March March 31, 1999 31, 1998 31, 1999 31, 1998 Revenues $ -0- $ -0- $ -0- $ -0- Expenses Filing Fees $ -0- $ 100 $ 165 $ 100 Office Expenses -0- -0- -0- 570 Professional Fees 1,342 586 5,572 6,802 Transfer Agent Fees -0- 152 -0- 601 Total Expenses 1,342 838 5,737 8,073 Net Loss ($ 1,342)($ 838)($ 5,737)($ 8,073) Loss Per Share (.00) (.00) (.02) (.03) Weighted Average Shares Outstanding 235,000 235,000 235,000 235,000
First Deltavision, Inc. (A Development Stage Company) Statement of Cash Flows For the Nine Months Periods July 1, 1999 to March 31, 1999 (Unaudited) and the Nine Months Periods July 1, 1998 to March 31, 1998 (Unaudited)
March March 31, 1999 31, 1998 Cash Flows from Operating Activities Net Loss ($ 5,737) ($ 8,073) Adjustments to Reconcile Net Cash to Net Loss: Non Cash Expense -0- 1,255 Changes in Operating Assets & Liabilities: Increase in Accounts Payable 3,033 2,919 Increase in Due to Officers 2,704 3,899 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- Significant Non Cash Transactions 35,000 Shares Issued for Services -0- 1,255 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, 1998 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, 1999. During this period, the Company received revenues of $0. During the same period, total expenses were $1,342 and net income totaled $(1,342). 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, 1999, the Company had no business operations. During this period, the Company received total revenues of $0 and had net income of $(1,342). Liquidity. - ---------- At March 31, 1999, the Company had no current assets, with total current liabilities of $26,229. Total stockholder's equity was $(26,229). 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. "Year 2000". - ----------- Because the Company is not presently engaged in any substantial business operations, management does not believe that computer problems associated with the change of year to the year 2000 will have any material effect on its operations. However, the possibility exists that the Company may merge with or acquire a business that will be negatively affected by the "year 2000" problem. The effect of such problem on the Company in the future can not be predicted with any accuracy until such time as the Company identifies a merger or acquisition target. 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: 5/13/99 By/S/David C. Merrell -------------- ------------------------------------- David C. Merrell Director and President Date: 5/13/99 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-30-1999 MAR-31-1999 0 0 0 0 0 0 0 0 0 26229 0 0 0 235 (26464) 0 0 0 0 0 5737 0 0 (5737) 0 0 0 0 0 (5737) (0.02) (0.02)
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