-----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, Jzavzu4n8/z6ZnTX370UjkZBSMHHQRvqH5ltXR096SMLFhLfbT4ZNkp192f9G0u7 mfGKRDoQeVr/nc7hIQLuVg== 0001000096-97-000492.txt : 19970718 0001000096-97-000492.hdr.sgml : 19970718 ACCESSION NUMBER: 0001000096-97-000492 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970717 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: WHITE CLOUD EXPLORATION INC CENTRAL INDEX KEY: 0000736314 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 840950153 STATE OF INCORPORATION: UT FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-11424 FILM NUMBER: 97641821 BUSINESS ADDRESS: STREET 1: 1430 LARIMER ST #209 CITY: DENVER STATE: CO ZIP: 80202 MAIL ADDRESS: STREET 1: 1430 LARIMER ST #209 CITY: DENVER STATE: CO ZIP: 80202 10QSB 1 FORM 10-QSB SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the quarterly period ended: December 31, 1996 Commission File number: 0-114244 WHITE CLOUD EXPLORATION, INC. (Exact name of registrant as specified in its charter) Utah 84-0959153 - --------------------------------- ---------------------- State or Other Jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) 1430 Larimer #209, Denver, CO 80202 - --------------------------------------- ------- (Address of principal Executive Offices Zip Code) Registrant's telephone number, including area code: None 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 the filing requirements for at least the past 90 days. Yes No X ----- ----- As of December 31, 1996, there were 9,825,000 outstanding shares of common stock, par value $.0001 outstanding. PART 1. FINANCIAL INFORMATION ITEM 1. Financial Statements -------------------- WHITE CLOUD EXPLORATION, INC. Consolidated Balance Sheet (Unaudited) December June ASSETS 31, 1996 30, 1996 -------- -------- CURRENT ASSETS: Cash and Cash Equivalents $ 100 $ 100 Prepaid Expenses - - Accounts Receivable - - Accrued Interest Receivable - - Intercompany Receivable - - Total Current Assets $ 100 $ 100 - ------------------------------------------------------------------------------- TOTAL ASSETS $ 100 $ 100 =============================================================================== LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts Payable $27,055 $27,055 Total Current Liabilities $27,055 $27,055 STOCKHOLDER'S EQUITY (DEFICIT): Common Stock, $.001 par value - 50,000,000 shares authorized, 9,825,000 shares issued and outstanding $ 9,825 $ 9,825 Additional Paid In Capital $65,707 $65,707 Deficit accumulated during the development stage (102,487) (102,487) - ------------------------------------------------------------------------------- Total Stockholder's Equity $(26,955) (26,955) - ------------------------------------------------------------------------------- TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $ 100 $ 100 =============================================================================== The accompanying notes are considered an integral part of these financial statements
WHITE CLOUD EXPLORATION, INC. Consolidated Statement of Income and Expense (Unaudited) 3 Months 6 Months Ended December 31, Ended December 31, 1996 1995 1996 1995 ---------------------- ---------------------- OPERATING REVENUES Revenues - - - - Gross Profit - - - - OPERATING EXPENSES Salaries - - - - Office - - - - Travel - - - - Professional fees - - - - Telephone & Utilities - - - - Depreciation - - - - Miscellaneous - - - - Interest expense - - - - Total Operating Expense - - - - - -------------------------------------------------------------------------------------------------- OTHER REVENUES & EXPENSES Miscellaneous Income - - - - Total Other Revenues & Expenses - - - - - -------------------------------------------------------------------------------------------------- NET INCOME (LOSS) - - - - ===================================================================================================
WHITE CLOUD EXPLORATION, INC. Consolidated Statement of Cash Flows (Unaudited) Three Months Six Months Ended December 31, Ended December 31 1996 1995 1996 1995 ---------------------- --------------------- Cash flows from Operating Activities: Net Profit (Loss) - - - - Depreciation - - - - Stock issued for services - - - - (Increase) decrease in Accts Receivable - - - - (Increase) decrease in Prepaids - - - - (Increase) decrease in Deposits - - - - (Decrease) increase in Accrued Expenses - - - - (Decrease) increase in Accts Payable - - - - (Decrease) increase in advance payable - - - - Net Cash Flows Used for Operating Activities - - - - Cash Flows from investing activities (Purchase) sale of Fixed Assets - - - - (Purchase) sale of Note Receivable - - - - (Purchase) sale of Lease Interests - - - - Total cash used for investing - - - - - -------------------------------------------------------------------------------------------------- Cash flows from financing activities Increase (Decrease) in Note Payable - - - - Sale of Common Stock - - - - Total Cash from financing activities - - - - - -------------------------------------------------------------------------------------------------- Increase (Decrease) in cash - - - - Cash and cash equivalents - beginning of period 100 100 100 100 ==================================================================================================== Cash and cash equivalents - end of period 100 100 100 100 ====================================================================================================
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Results of Operations - --------------------- The Company had no operations for the period. During the same period in 1995 there were no operations nor revenues. Liquidity and Capital Resources - ------------------------------- The Company had nominal cash capital at the end of the period. The Company will be forced to either borrow against or sell assets or make private placements of stock in order to fund any operations. No assurance exists as to the ability to make private placements of stock. PART II OTHER INFORMATION Item 1. Legal Proceedings - None. Item 2. Changes in securities - None. Item 3. Defaults upon senior securities - None. Item 4. Submission of matters to a vote of security holders - None. Item 5. Other information - None. Item 6. Exhibits and reports on Form 8-K (a) The following are filed as Exhibits to this Quarterly Report. The numbers refer to the Exhibit Table of Item 601 of Regulation S-K: None. (b) Reports on Form 8-K filed during the three months ended December 31, 1996. (incorporated by reference) 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 of the undersigned thereunto duly authorized. WHITE CLOUD EXPLORATION, INC. by: /S/ STEVEN C. SIGNER -------------------------------------- Steven C. Signer, President Dated: July 15, 1997 EX-27 2 FINANCIAL DATA SCHEDULE
5 6-MOS JUN-30-1997 DEC-31-1996 100 0 0 0 0 100 0 0 100 27,055 0 0 0 9,825 65,707 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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