-----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, Ds+hzp9hJe8WdOfvmRjx0XlpZGzyN8Atdm5j9OP3Af9WjZdPuYKc4bbwPKby9tHb 8WvC0ySJ6Q+uBwH6ocV0pA== 0000897101-00-000416.txt : 20000424 0000897101-00-000416.hdr.sgml : 20000424 ACCESSION NUMBER: 0000897101-00-000416 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000229 FILED AS OF DATE: 20000421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JURAK CORP WORLD WIDE INC CENTRAL INDEX KEY: 0001060888 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 411906059 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 333-61801 FILM NUMBER: 606199 BUSINESS ADDRESS: STREET 1: 7115 BERMUDA CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 8005288911 MAIL ADDRESS: STREET 1: 7115 BERMUDA CITY: LAS VEGAS STATE: NV ZIP: 89119 10-Q 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2000 ------------------------------------------------- OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ---------------------- ---------------------- Commission File Number --------------------------------------------------------- JURAK CORPORATION WORLD WIDE, INC. (Exact name of registrant as specified in its charter) MINNESOTA 88-0407679 - ------------------------------- --------------------------------- (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 1181 Grier Drive, Suite C, Las Vegas, NV 89119-3746 --------------------------------------------------------- (Address of principal executive offices) (702) 914-9688 --------------------------------------------------------- (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 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. Yes _X_ No ___ 15,527,750 Common Shares were outstanding as of April 17, 2000 JURAK CORPORATION WORLD WIDE, INC. I N D E X Page ---- PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) Condensed Balance Sheets February 29, 2000 (Unaudited) and May 31, 1999 1 Statements of Income Three months ended February 29, 2000 (Unaudited) and Nine Months Ended February 29, 2000 and February 28, 1999 (Unaudited) 2 Condensed Statements of Cash Flows Nine months ended February 29, 2000 and February 28, 1999 (Unaudited) 3 Selected Notes to Condensed Financial Statements (Unaudited) 4 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 5 PART II. OTHER INFORMATION 6-7 Part I. FINANCIAL INFORMATION Item I. FINANCIAL STATEMENTS JURAK CORPORATION WORLD WIDE, INC. CONDENSED BALANCE SHEETS
February 29, May 31, ASSETS 2000 1999 ----------- ----------- (Unaudited) (Audited) Cash (including savings) $ 3,123 $ 6,836 Accounts receivable 588 11 Inventories 176,526 203,451 ----------- ----------- Total current assets 180,237 210,298 Property, plant and equipment - net 41,276 47,126 Other assets 65,230 52,383 ----------- ----------- $ 286,743 $ 309,807 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Accounts payable $ 58,419 $ 71,129 Accrued expenses 1,948 3,945 Payable to stockholder, officer 849,993 502,500 ----------- ----------- Total current liabilities 910,360 577,574 STOCKHOLDERS' EQUITY (DEFICIT): Common stock 15,528 15,528 Additional paid-in capital 569,158 569,158 Accumulated deficit (1,208,303) (852,453) ----------- ----------- (623,617) (267,767) ----------- ----------- $ 286,743 $ 309,807 =========== ===========
Note: The balance sheet at May 31, 1999 has been taken from the audited financial statements at that date, and has been condensed. See Notes to Condensed Financial Statements. 1 JURAK CORPORATION WORLD WIDE, INC. STATEMENTS OF OPERATIONS (Unaudited)
Three Months Ended Nine Months Ended ----------------------------- ----------------------------- February 29, February 28, February 29, February 28, 2000 1999 2000 1999 ------------ ------------ ------------ ------------ Sales $ 92,693 $ 17,611 $ 284,465 $ 19,655 Cost of sales 7,044 847 33,565 12,182 ------------ ------------ ------------ ------------ Gross profit 85,649 16,764 250,900 7,473 Selling, general and administrative expense 173,452 401,857 534,890 546,693 ------------ ------------ ------------ ------------ Loss from operations (87,803) (385,093) (283,990) (539,220) ------------ ------------ ------------ ------------ Other income (expense): Interest income 223 1,131 640 2,639 Interest expense (15,000) -- (72,500) -- ------------ ------------ ------------ ------------ (14,777) 1,131 (71,860) 2,639 ------------ ------------ ------------ ------------ Loss before income taxes (102,580) (383,962) (355,850) (536,581) Income taxes -- -- -- -- ------------ ------------ ------------ ------------ Net loss $ (102,580) $ (383,962) $ (355,850) $ (536,581) ============ ============ ============ ============ Loss per common share $ (.01) $ (.01) $ (.02) $ (.03) ============ ============ ============ ============ Loss per common share assuming dilution $ (.01) $ (.01) $ (.02) $ (.03) ============ ============ ============ ============ Weighted average outstanding shares 15,527,750 15,510,500 15,527,750 15,484,500 ============ ============ ============ ============
See Notes to Condensed Financial Statements. 2 JURAK CORPORATION WORLD WIDE, INC. CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
Nine Months Ended ------------------------- February 29, February 28, 2000 1999 --------- --------- CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $(355,850) $(536,581) Depreciation 9,000 3,000 Changes in current assets and liabilities: Accounts receivable (577) (8) Prepaid expenses -- (3,000) Inventories 26,925 (142,553) Accounts payable (12,710) (352) Accrued expenses (1,997) -- Payable to stockholder, officer 347,493 232,103 --------- --------- Net cash provided by (used in) operating activities 12,284 (441,391) CASH FLOWS FROM INVESTING AND OTHER ACTIVITIES: Purchase of equipment (3,150) (40,675) Other -- (15,860) Restricted cash (12,847) (22,207) --------- --------- Net cash used in investing and other activities (15,997) (78,442) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock -- 316,250 --------- --------- Net decrease in cash and savings (3,713) (203,583) Cash and savings: Beginning of period 6,836 251,132 --------- --------- End of period $ 3,123 $ 47,549 ========= =========
See Notes to Condensed Financial Statements. 3 JURAK CORPORATION WORLD WIDE, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) Note 1. Condensed Financial Statements: The condensed balance sheet as of February 29, 2000, the statement of operations for the three-month and nine-month periods ended February 29, 2000 and February 28, 1999, and the condensed statement of cash flows for the nine-month periods then ended have been prepared by the Company, without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows at February 29, 2000 and for all periods presented have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's May 31, 1999 audited financial statements. The results of operations for the period ended February 29, 2000 are not necessarily indicative of the operating results for the full year. Note 2. Inventories: Inventories consist of the following: February 20, May 31, 2000 1999 -------------- -------------- Raw materials $ 41,664 $ 41,644 Finished goods 134,862 161,807 -------------- -------------- Totals $ 176,526 $ 203,451 ============== ============== Note 3. Stockholders' Equity (Deficit): During the nine months ended February 29, 2000, stockholders' deficit changed for net loss of $355,850. 4 JURAK CORPORATION WORLD WIDE, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Company has continued to get revenue from sales of its products. There were sales of $19,655 during the nine months ended February 28, 1999, and there were sales of $284,465 in the nine months ended February 29, 2000. There were cost of sales of $12,182 in 1999, and cost of sales in 2000 was $33,565, for a gross profit of $250,900. During the same period the Company expended general, administrative and pre-operating expenses of $546,693 in 1999 for a net loss of $536,581; in 2000 it expended general administrative expense of $534,890 and interest expense of $72,500 for a net loss of $355,850. The general, administrative and pre-operating expenses included consulting expenses for Food and Drug Administration advice, computer consultants, hardware and software, raw materials, travel, office, telephone expenses, legal fees, Rent and wages. 5 PART II. OTHER INFORMATION Item 1. Legal Proceedings The Company is aware of no legal proceeding which is pending or threatened to which the Company is a party or of which its property is subject. Item 6. Exhibits and Reports on Form 8-K (b) No reports on Form 8-K were filed during the nine months ended February 29, 2000. 6 SIGNATURE 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. JURAK CORPORATION WORLD WIDE, INC. Date: April 7, 2000 By: /s/ Anthony Carl Jurak ---------------------- Anthony Carl Jurak Chairman of the Board and Director 7 EX-27 2 FINANCIAL DATA SCHEDULE
5 3-MOS MAY-31-2000 DEC-01-1999 FEB-29-2000 3,123 0 588 0 176,526 180,237 57,057 15,781 286,743 910,360 0 0 0 15,528 (639,145) 286,743 92,693 92,693 7,044 173,452 0 0 15,000 (102,580) 0 (102,580) 0 0 0 (102,580) (0.01) (0.01)
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