-----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, ItSxfN9xgXCGCuZb0Lu0Q6kLu/K/rFleX6VE/s2JwbR6OxHjVZrGzztUgejJs4gc PaexFMn2r5Rds8zKBxuTTw== 0001045399-05-000100.txt : 20051005 0001045399-05-000100.hdr.sgml : 20051005 20051005170001 ACCESSION NUMBER: 0001045399-05-000100 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20051005 DATE AS OF CHANGE: 20051005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KENTEX PETROLEUM INC CENTRAL INDEX KEY: 0001104485 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 870645378 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-30955 FILM NUMBER: 051125476 BUSINESS ADDRESS: STREET 1: 5525 SOUTH 900 EAST STREET 2: SUITE 110 CITY: SALT LAKE CITY STATE: UT ZIP: 84117 BUSINESS PHONE: 8012628844 MAIL ADDRESS: STREET 1: 5525 SOUTH 900 EAST STREET 2: SUITE 110 CITY: SALT LAKE CITY STATE: UT ZIP: 84117 10QSB/A 1 kentexmar0510qa.txt U. S. Securities and Exchange Commission Washington, D. C. 20549 FORM 10-QSB/A [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2005 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to -------------- ------------------ Commission File No. ------------------- 0-30955 KENTEX PETROLEUM, INC. ---------------------- (Name of Small Business Issuer in its Charter) NEVADA 87-0645378 ------ ---------- (State or Other Jurisdiction of (I.R.S. Employer I.D. No.) incorporation or organization) 4685 South Highland Dr., Suite 202 Salt Lake City, UT 84117 ------------------------ (Address of Principal Executive Offices) Issuer's Telephone Number: (801)278-9424 None; Not Applicable. -------------------------- (Former Name or Former Address, if changed since last Report) 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 None, 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: September 15, 2005 2,357,997 This Amended Quarterly Report on Form 10-QSB is being filed for the sole purpose of correcting the authorized capital on the Balance Sheet. PART I - FINANCIAL INFORMATION Item 1.Financial Statements. The Financial Statements of Kentex Petroleum, Inc., a Nevada corporation (the "Company") required to be filed with this 10-QSB/A Quarterly Report were prepared by management and commence on the following page. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.
KENTEX PETROLEUM, INC. BALANCE SHEETS March 31, 2005 and December 31, 2004 3/31/2005 12/31/2004 ----------------- ----------------- [Unaudited] ASSETS Assets $ 0 $ 0 ----------------- ----------------- Total Assets $ 0 $ 0 ================= ================= LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Loans from stockholders $ 40,527 $ 18,544 Accounts Payable 10,390 25,000 ----------------- ----------------- Total Current Liabilities 50,917 43,544 Total Liabilities 50,917 43,544 ----------------- ----------------- Stockholders' Deficit: Common Stock, $.001 par value; authorized 100,000,000 shares; issued and outstanding, 2,357,997 shares 2,358 2,358 Paid-in Capital 2,073,802 2,073,802 Accumulated Deficit, prior to development stage (2,041,500) (2,041,500) Deficit accumulated during development stage (85,577) (78,204) ----------------- ----------------- Total Stockholders' Deficit (50,917) (43,544) ----------------- ----------------- Total Liabilities and Stockholders' Deficit $ 0 $ 0 ================= =================
NOTES TO FINANCIAL STATEMENTS: Interim financial statements reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the periods. The December 31, 2004, balance sheet has been derived from the audited financial statements. These interim financial statements conform with the requirements for interim financial statements and consequently do not include all the disclosures normally required by generally accepted accounting principles.
KENTEX PETROLEUM, INC. STATEMENTS OF OPERATIONS For the Three Month Periods Ended March 31, 2005, 2004 and for the Period from Reactivation [May 8, 1999] through March 31, 2005 From the Beginning of Three Months Three Months Reactivation on Ended Ended May 8, 1999 through 3/31/2005 3/31/2004 March 31, 2005 --------------- --------------- -------------------- [Unaudited] [Unaudited] [Unaudited] REVENUE Income $ 0 $ 0 $ 0 --------------- --------------- -------------------- NET REVENUE 0 0 0 Operating Expenses General and Administrative 7,373 401 85,577 --------------- --------------- -------------------- Total Operating Expenses 7,373 401 85,577 --------------- --------------- -------------------- Net Income Before Taxes $ (7,373) $ (401) $ (85,577) =============== =============== ==================== Income/Franchise taxes 0 0 Net loss (7,373) (401) Loss Per Share $ (0.01) $ (0.01) =============== =============== Weighted Average Shares Outstanding 2,357,997 2,357,997 =============== ===============
KENTEX PETROLEUM, INC. STATEMENTS OF CASH FLOWS For the Three Month Periods Ended March 31, 2005, 2004 and for the Period from Reactivation [May 8, 1999] through March 31, 2005 From the Beginning of Three Months Three Months Reactivation on Ended Ended May 8, 1999 through 3/31/2005 3/31/2004 March 31, 2005 -------------- -------------- --------------------- [Unaudited] [Unaudited] [Unaudited] Cash Flows Used For Operating Activities - ----------------------------------------------------- Net Loss $ (7,373) $ (401) $ (85,577) Adjustments to reconcile net loss to net cash used in operating activities: Shares issued for services 0 0 34,660 Increase/(Decrease) in accounts payable (14,610) 0 10,390 Increase/(Decrease) in Shareholder Loans 21,983 401 40,527 -------------- -------------- --------------------- Net Cash Used For Operating Activities 0 0 0 ============== ============== Cash Flows Provided by Financing Activities - ----------------------------------------------------- Net Cash Provided by Financing Activities 0 0 Net Increase In Cash 0 0 Beginning Cash Balance 0 0 Ending Cash Balance $ 0 $ 0 -------------- --------------
Notes to Consolidated Financial Statements March 31, 2005 NOTE 1 - PRELIMINARY NOTE The accompanying condensed financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These interim financial statements include all adjustments, which in the opinion of management, are necessary in order to make the financial statements not misleading. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005. NOTE 2 - GOING CONCERN The Company does not have significant assets, nor has it established operations and has accumulated losses since inception. These factors raise substantial doubt about the Company's ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. NOTE 3 - RELATED PARTY PAYABLES A shareholder has paid general and administrative expenses on behalf of the Company, through March 31, 2005, of $40,527. During the period ended March 31, 2005, a shareholder paid $21,983 in expenses on behalf of the Company. Item 6.Exhibits and Reports on Form 8-K. (a) Exhibits EX 31 Certification of Sarah Jenson, the Company's President, pursuant to section 302 of the Sarbanes-Oxley Act of 2002 EX 31.1 Certification of Lisa Howells, the Company's Secretary, pursuant to section 302 of the Sarbanes-Oxley Act of 2002 EX 32 Certification of Sarah Jenson and Lisa Howells pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (b)Current Reports on Form 8-K. Current Report on Form 8-K as filed on December 20, 2004 regarding merger of VidRev, is 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. KENTEX PETROLEUM, INC. Date: 9-28-05 By/S/ Sarah Jenson Sarah E. Jenson, President and Director Date: 9-28-05 By/S/ Lisa Howells Lisa Howells, Secretary, Treasurer and Director EX-31 2 ex31qsb.txt CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Sarah E. Jenson, President and Director of Kentex Petroleum, Inc., certify that: 1. I have reviewed this Quarterly Report on Form 10-QSB/A of Kentex Petroleum, Inc. 2. Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report; 3. Based on my knowledge, the financial statements, and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Quarterly Report; 4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have: a) designed such disclosure controls and procedures to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared; b) evaluated the effectiveness of the Registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this Quarterly Report (the "Evaluation Date"); and c) presented in this Quarterly Report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The Registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the Registrant's auditors and the audit committee of Registrant's board of directors (or persons performing the equivalent function); a) all significant deficiencies in the design or operation of internal controls which could adversely affect the Registrant's ability to record, process, summarize and report financial data and have identified for the Registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal controls; and 6. The Registrant's other certifying officer and I have indicated in this Quarterly Report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Dated: 9-28-05 Signature: By/S/ Sarah Jenson --------------------------- Sarah E. Jenson President and Director EX-31 3 ex311qsb.txt CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Lisa Howells, Secretary Treasurer and Director of Kentex Petroleum, Inc., certify that: 1. I have reviewed this Quarterly Report on Form 10-QSB/A of Kentex Petroleum, Inc. 2. Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report; 3. Based on my knowledge, the financial statements, and other financial information included in this Quarterly Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Quarterly Report; 4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have: a) designed such disclosure controls and procedures to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared; b) evaluated the effectiveness of the Registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this Quarterly Report (the "Evaluation Date"); and c) presented in this Quarterly Report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The Registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the Registrant's auditors and the audit committee of Registrant's board of directors (or persons performing the equivalent function); a) all significant deficiencies in the design or operation of internal controls which could adversely affect the Registrant's ability to record, process, summarize and report financial data and have identified for the Registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal controls; and 6. The Registrant's other certifying officer and I have indicated in this Quarterly Report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Dated: 9-28-05 Signature: By/S/Lisa Howells --------------------- Lisa Howells Secretary, Treasurer and Director EX-32 4 ex32qsb.txt CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly report of Kentex Petroleum, Inc., (the "Company") on Form 10-QSB/A for the quarterly period ended March 31, 2005, as filed with the Securities and Exchange Commission on the date hereof, (the "Report"), I(We), Sarah E. Jenson, President of the Company, and Lisa Howells, Secretary, Treasurer and Director certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. By/S/ Sarah Jenson - ------------------------------ Sarah E. Jenson President and Director Dated this 28th day of September, 2005. By/S/ Lisa Howells - ------------------------------ Lisa Howells Secretary, Treasurer and Director Dates this 28th day of September, 2005. -----END PRIVACY-ENHANCED MESSAGE-----