-----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, F9QZG387I8y4E6A9rKm/fLdNQx+XsXlIyiQUWoKC5piGptwUy4VKg51IACT9wmdh F8h59j39xN6wJG3OohtlYA== /in/edgar/work/0001086715-00-500029/0001086715-00-500029.txt : 20001120 0001086715-00-500029.hdr.sgml : 20001120 ACCESSION NUMBER: 0001086715-00-500029 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RUSSIAN IMPORTS COM CENTRAL INDEX KEY: 0001109662 STANDARD INDUSTRIAL CLASSIFICATION: [5190 ] IRS NUMBER: 912021602 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-30197 FILM NUMBER: 772228 BUSINESS ADDRESS: STREET 1: 827 STATE ST SUITE 26 CITY: SANTA BARBARA STATE: CA ZIP: 93101 BUSINESS PHONE: 8058991299 10QSB/A 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 AMENDMENT NO. 1 TO FORM 10QSB (X) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2000 ( ) Transition report pursuant of Section 13 or 15(d) of the Securities Exchange Act of 1939 for the transition period ____ to______ COMMISSION FILE NUMBER 000-1109664 ------------ RUSSIAN IMPORTS.COM ----------------------------------------- (Exact name of registrant as specified in its charter) Nevada 91-2021602 (State or other jurisdiction of (IRS Employer ID No.) incorporation or organization) 827 State Street, Suite 26, Santa Barbara, CA 93101 Telephone: 805 899 1299 - ----------------------------------------------------------------- (Address of Principal Executive Offices including Registrant's zip code and telephone number) NONE - -------------------------------------------------------------- Former name, former address and former fiscal year, if changed. 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 --- --- The number of shares of the registrant's common stock as of September 30, 2000: 1,957,100 shares. Transitional Small Business Disclosure Format (check one): Yes No X --- --- TABLE OF CONTENTS PAGE - ----------------- ---- PART I. FINANCIAL INFORMATION Item 1. Financial Statements (a) Balance Sheet 3 (b) Statement of Operations 4 (c) Statement of Changes in Financial Position 5 (d) Statement of Shareholders' Equity 6 (e) Notes to Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 8 Item 3. Risks PART II. OTHER INFORMATION 9 Item 1. Legal Proceedings Item 2. Changes in Securities and Use of Proceeds Item 3. Defaults On Senior Securities Item 4. Submission of Items to a Vote Item 5. Other Information Item 6 (a) Exhibits (b) Reports on Form 8K SIGNATURES 10 FINANCIAL DATA SCHEDULE 11 2 [CAPTION] RUSSIAN-IMPORTS.COM (A DEVELOPMENT STAGE COMPANY) BALANCE SHEETS September 30, 2000 ------------- Assets: ............................................ $ -- ======= Liabilities - Accounts Payable ..................... $ -- ------- Stockholders' Equity: Common Stock, Par value $.001 Authorized 100,000,000 shares, Issued 1,950,000 shares at June 30, 2000 1,957 Paid-In Capital .................................. -- Retained Deficit ................................. (1,950) ------- Total Stockholders' Equity .................... -- ------- Total Liabilities and Stockholders' Equity ........................ $ -- ======= The accompanying notes are an integral part of these financial statements. F-2 [CAPTION] RUSSIAN-IMPORTS.COM (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF OPERATIONS Cumulative Since Inception For the period ended of September 30, 2000 Development ----------------- Stage ---------- Revenues: .................................. $ -- $ -- Expenses: Professional fees $ 1,000 $ 1,000 General and Administrative Expenses: .... 957 957 Total 1,957 1,957 ----- ---------- Net Loss .............................. $ (1,957) $ (1,957) ----- ---------- Loss per share ............................. $ -- $ -- ===== ========== The accompanying notes are an integral part of these financial statements.
F-3 [CAPTION] RUSSIAN-IMPORTS.COM (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD ENDED SEPTEMBER 30, 2000 Common Stock Additional Number of Shares Amount Paid in Retained Capital (Deficit) Total ----------------- -------- --------- --------- ----- Common Stocks issued 1,957,000 $1,957 $ -- $ 1,950 $ -- Net loss for Balance 9/30/2000 1,957,000 $1,957 $ -- $ (1,950) $ -- ----------------- -------- --------- --------- ----- The accompanying notes are an integral part of these financial statements. F-4
RUSSIAN-IMPORTS.COM (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF CASH FLOWS Cumulative Since Inception For the period ended of September 30, 2000 Development - -------------------- Stage ------------ CASH FLOWS FROM OPERATING ACTIVITIES: Operating Activities Net Loss ............................................ $(1,957) $ (1,957) ------- ------------ Net Cash Used provided by operating activities . ... (1,957) (1,957) ------- ------------CASH FLOWS FROM FINANCING ACTIVITIES: Common stocks issued 1,957 1,957 ------- ------------ Net Cash Provided by Financing Activities .............................. 1,957 1,957 ------- ------------ Cash and Cash Equivalents at Beginning of Period ............................ -- -- ------- ------------ Cash and Cash Equivalents at End of Period .................................. $ -- $ -- ======= ============ The accompanying notes are an integral part of these financial statements. F-6
[CAPTION] RUSSIAN-IMPORTS.COM (A DEVELOPMENT STAGE SEPTEMBER 30, 2000) NOTES TO FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2000 NOTE 1. DESCRIPTION OF THE BUSINESS Russian-Imports was incorporated under the laws of the state of California on February 1, 2000. The purpose for which the Corporation is organized is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of California including, without limitation, to provide sales of imported Russian lacquer boxes, crystal and matroshka dolls on the Internet. Russian-Imports has been in the development stage since its formation on February 1, 2000. Planned principal operations have only recently commenced since then, but Russian-Imports has not generated any significant revenue. NOTE 2. SIGNIFICANT ACCOUNTING POLICIES A. Russian-Imports uses the accrual method of accounting. B. Revenues and are recognized and recorded when ordered goods are paid for by credit card. Expenses are realized and recorded when invoiced. C. Russian-Imports considers all short term, highly liquid investments that are readily convertible, within three months, to known amounts as cash equivalents. Russian-Imports currently has no cash equivalents. D. Primary Earnings Per Share amounts are based on the weighted average number of shares outstanding at the dates of the financial statements. Fully Diluted Earnings Per Shares shall be shown on stock options and other convertible issues that may be exercised within ten years of the financial statement dates. E. Estimates: The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. NOTE 3. INCOME TAXES Russian-Imports has adopted the provisions of SFAS No. 109 "Accounting for Income Taxes". SFAS 109 requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Russian-Imports has incurred losses that can be carried forward to offset future earnings if conditions of the Internal Revenue Codes are met. Russian-Imports shares office space and telephone services of the President of Russian-Imports at no charge. NOTE 5. FISCAL YEAR END. Russian-Imports's fiscal year end is December 31st. NOTE 6. RELATED PARTY TRANSACTIONS. Russian-Imports issued unregistered common stock to its President, in exchange for services as President, Secretary and Treasurer, and to non management consultants and employees in exchange for their services. The issuance of shares were recorded at their fair market value of par value. This is deemed appropriate, rather than recording the issuance of shares at the offering price, since Russian-Imports's shares have no current book value. 7 PART I. FINANCIAL INFORMATION Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations THIS ANALYSIS CONTAINS FORWARD-LOOKING COMMENTS WHICH ARE BASED ON CURRENT INFORMATION. ACTUAL RESULTS IN THE FUTURE MAY DIFFER MATERIALLY. The Company is engaged in the business of providing sales of computer related software and related services. The Company has not yet commenced operations, but is in the process of developing its web site at www.russian-imports.com and www.russianimports.net. 8 PART II. OTHER INFORMATION Item 1. Legal proceedings NONE Item 2. Changes in securities and use of proceeds NONE Item 3. Defaults on senior securities NONE Item 4. Submission of items to a vote NONE Item 5. Other information NONE Item 6. a) Exhibits NONE b) Reports on 8K NONE 9 SIGNATURES In accordance with the requirements of the Securities and Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. RUSSIAN-IMPORTS.COM Dated: November 17, 2000 By: Agata Gotova ------------------------- Agata Gotova, President Dated: November 17, 2000 By: Agata Gotova ------------------------- Agata Gotova, Chief Financial Officer 10 [CAPTION] [TYPE]EX-27 2 [DESCRIPTION]FINANCIAL DATA SCHEDULE [ARTICLE] 5 [MULTIPLIER] 1 [PERIOD-TYPE] 6-MOS [FISCAL-YEAR-END] DEC-31-1999 [PERIOD-START] JAN-01-2000 [PERIOD-END] SEP-30-2000 [CASH] 0 [SECURITIES] 0 [RECEIVABLES] 0 [ALLOWANCES] 0 [INVENTORY] 0 [CURRENT-ASSETS] 0 [PP&E] 0 [DEPRECIATION] 0 [TOTAL-ASSETS] 0 [CURRENT-LIABILITIES] 0 [BONDS] 0 [PREFERRED-MANDATORY] 0 [PREFERRED] 0 [COMMON] 1957 [OTHER-SE] (0) [TOTAL-LIABILITY-AND-EQUITY] 0 [SALES] 0 [TOTAL-REVENUES] 0 [CGS] 0 [TOTAL-COSTS] 0 [OTHER-EXPENSES] 0 [LOSS-PROVISION] (1957) [INTEREST-EXPENSE] 0 [INCOME-PRETAX] (1957) [INCOME-TAX] 0 [INCOME-CONTINUING] (1957) [DISCONTINUED] 0 [EXTRAORDINARY] 0 [CHANGES] 0 [NET-INCOME] (1957) [EPS-BASIC] (.00) [EPS-DILUTED] (.00) -----END PRIVACY-ENHANCED MESSAGE-----