-----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, DFe31dQuvhNpcJF4etjAOHFDgHIpLaskgmjJZu5JFM2XVhrk3XvsbqWyrJiIAhLB r76yEiWFv+IJBm0fbtFkRw== 0000897101-01-000030.txt : 20010123 0000897101-01-000030.hdr.sgml : 20010123 ACCESSION NUMBER: 0000897101-01-000030 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001130 FILED AS OF DATE: 20010111 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: 1507219 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 0001.txt 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 November 30, 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 333-61801 --------------------------------------------------------- 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 January 15, 2001 - ---------- JURAK CORPORATION WORLD WIDE, INC. I N D E X Page ---- PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) Condensed Balance Sheets November 30, 2000 (Unaudited) and May 31, 2000 1 Statements of Income Three months ended November 30, 2000 (Unaudited) and Six Months Ended November 30, 2000 and 1999 (Unaudited) 2 Condensed Statements of Cash Flows Six months ended November 30, 2000 and 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 1. FINANCIAL STATEMENTS JURAK CORPORATION WORLD WIDE, INC. CONDENSED BALANCE SHEETS
November 30, May 31, ASSETS 2000 2000 ------------ ------------ (Unaudited) (Audited) Cash (including savings) $ 11,627 $ 12,899 Accounts receivable 388 488 Inventories 131,860 174,852 ------------ ------------ Total current assets 143,875 188,239 Property, plant and equipment - net 60,390 74,548 Other assets 68,030 65,959 ------------ ------------ $ 272,295 $ 328,746 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Accounts payable $ 40,769 $ 29,159 Accrued expenses 144,605 63,534 Payable to stockholder, officer 1,201,256 1,079,674 ------------ ------------ Total current liabilities 1,386,630 1,172,367 STOCKHOLDERS' EQUITY (DEFICIT): Common stock 15,528 15,528 Additional paid-in capital 569,158 569,158 Accumulated deficit (1,699,021) (1,428,307) ------------ ------------ (1,114,335) (843,621) ------------ ------------ $ 272,295 $ 328,746 ============ ============
Note: The balance sheet at May 31, 2000 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 Six Months Ended November 30 November 30 ----------------------------- ----------------------------- 2000 1999 2000 1999 ------------ ------------ ------------ ------------ Sales $ 228,302 $ 112,389 $ 386,731 $ 191,772 Cost of sales 33,710 15,062 45,751 26,521 ------------ ------------ ------------ ------------ Gross profit 194,592 97,327 340,980 165,251 Selling, general and administrative expense 327,333 221,285 576,569 361,438 ------------ ------------ ------------ ------------ Loss from operations (132,741) (123,958) (235,589) (196,187) ------------ ------------ ------------ ------------ Other income (expense): Interest income 230 206 460 417 Interest expense (18,154) (12,500) (35,585) (57,500) ------------ ------------ ------------ ------------ (17,924) (12,294) (35,125) (57,083) ------------ ------------ ------------ ------------ Loss before income taxes (150,665) (136,252) (270,714) (253,270) Income taxes -- -- -- -- ------------ ------------ ------------ ------------ Net loss $ (150,665) $ (136,252) $ (270,714) $ (253,270) ============ ============ ============ ============ Loss per common share $ (.01) $ (.01) $ (.02) $ (.01) ============ ============ ============ ============ Loss per common share assuming dilution $ (.01) $ (.01) $ (.02) $ (.01) ============ ============ ============ ============ Weighted average outstanding shares 15,527,750 15,527,750 15,527,750 15,527,750 ============ ============ ============ ============
See Notes to Condensed Financial Statements. 2 JURAK CORPORATION WORLD WIDE, INC. CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
Six Months Ended November 30 ----------------------------- 2000 1999 ------------ ------------ CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (270,714) $ (253,270) Depreciation 14,748 6,000 Changes in current assets and liabilities: Accounts receivable 100 (757) Inventories 42,992 20,057 Accounts payable 11,610 (4,761) Accrued expenses 81,071 (3,261) Payable to stockholder, officer 121,582 263,333 ------------ ------------ Net cash provided by (used in) operating activities 1,389 27,341 CASH FLOWS FROM INVESTING AND OTHER ACTIVITIES: Purchase of equipment (590) (2,619) Restricted cash (2,071) (11,531) ------------ ------------ Net cash used in investing and other activities (2,661) (14,150) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock -- -- ------------ ------------ Net increase (decrease) in cash and savings (1,272) 13,191 Cash and savings: Beginning of period 12,899 6,836 ------------ ------------ End of period $ 11,627 $ 20,027 ============ ============
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 November 30, 2000, the statement of operations for the three-month and six-month periods ended November 30, 2000 and 1999, and the condensed statement of cash flows for the six-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 November 30, 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, 2000 audited financial statements. The results of operations for the period ended November 30, 2000 are not necessarily indicative of the operating results for the full year. Note 2. Inventories: Inventories consist of the following: November 30, May 31, 2000 2000 ------------ ------------ Raw materials $ 16,900 $ 16,900 Finished goods 114,960 157,952 ------------ ------------ Totals $ 131,860 $ 174,852 ============ ============ Note 3. Stockholders' Equity (Deficit): During the six months ended November 30, 2000, stockholders' deficit changed for net loss of $270,714. 4 JURAK CORPORATION WORLD WIDE, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Company has continued to increase its revenue from sales of its products. There were sales of $228,302 during the three months ended November 30, 2000, compared to $112,389 for the same period in 1999. There were cost of sales of $33,710 in 2000, and cost of sales in 1999 was $15,062, for a gross profit of $194,592 in 2000, compared to a gross profit of $97,327 in 1999.. During the same period the Company expended selling, general, and administrative expenses of $221,285 in 1999 for a net loss of $123,958; in 2000 it expended selling, general and administrative expenses of $327,333 for a net loss of $132,741. There were sales of $386,731 during the six months ended November 30, 2000, compared to $191,772 for the same period in 1999. There were cost of sales of $45,751 in 2000, and cost of sales in 1999 was $26,521, for a gross profit of $340,980 in 2000, compared to a gross profit of $165,251 in 1999.. During the same period the Company expended selling, general, and administrative expenses of $361,438 in 1999 for a net loss of $196,187; in 2000 it expended selling, general and administrative expenses of $576,569 for a net loss of $235,589. 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 six months ended November 30, 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: January 11, 2001 By: /s/ Anthony Carl Jurak ------------------------------------- Anthony Carl Jurak Chairman of the Board and Director 7 -----END PRIVACY-ENHANCED MESSAGE-----