-----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, SuT1jn4c2h0mqxp7xCFwmEen9QCHAFOYRFwbtLywkp14kx2bPCDxa64dDGPi0sxB OuJl5e+w9GzaGAGXOxOrzA== 0001011034-98-000146.txt : 19981118 0001011034-98-000146.hdr.sgml : 19981118 ACCESSION NUMBER: 0001011034-98-000146 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980930 FILED AS OF DATE: 19981116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERSAILLES CAPITAL CORP /CO CENTRAL INDEX KEY: 0000818808 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 841044910 STATE OF INCORPORATION: CO FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-22865 FILM NUMBER: 98750937 BUSINESS ADDRESS: STREET 1: 370 17TH ST STREET 2: STE 2350 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035953300 MAIL ADDRESS: STREET 1: 370 17TH ST STREET 2: STE 2350 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: MAN O WAR INC /CO/ DATE OF NAME CHANGE: 19970714 10QSB/A 1 FORM 10-QSB, AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB/A-1 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1998 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: 000-22865 VERSAILLES CAPITAL CORPORATION -------------------------------------------- (Exact name of small business issuer as specified in its charter) Colorado 84-1044910 - --------------------------------- ------------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) 370 17th Street, Suite 2350, Denver, Colorado 80202 ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (303) 595-3300 ----------------------------------- (Registrant's telephone number, including area code) ----------------------------------- (Former name, former address and former fiscal year, if changed since last report) 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. [X] Yes [ ] No APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicated by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. [ ] Yes [ ] No APPLICABLE ONLY TO CORPORATE ISSUERS: As of September 30, 1998, Registrant had 1,284,116 shares of common stock, $.05 par value, outstanding. INDEX ----- Page Number ------ Part I. Financial Information Item I. Financial Statements Balance Sheets as of September 30, 1998 and March 31, 1998 2 Statements of Operations, Three Months Ended September 30, 1998 3 Statements of Operations, Six Months Ended September 30, 1998 4 Statements of Cash Flows, Three Months Ended September 30, 1998 5 Statements of Cash Flows, Six Months Ended September 30, 1998 6 Notes to Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations 8 Part II. Other Information 9 VERSAILLES CAPITAL CORPORATION BALANCE SHEETS (Unaudited)
September 30, March 31, 1998 1998 ------------- ------------- ASSETS ------ Current Assets Cash $ - $ - ------------- ------------- Total Current Assets - - Total Assets $ - $ - ============= ============= LIABILITIES AND STOCKHOLDERS' (DEFICIT) --------------------------------------- Current Liabilities: Accounts payable $ 8,992 $ 11,690 Advances from stockholders 12,245 7,461 ------------- ------------- Total Current Liabilities 21,237 19,151 ------------- ------------- Stockholders' (Deficit): Preferred Stock, $.10 par value, 50,000,000 shares authorized, none issued and outstanding - - Common Stock, $.05 par value, 100,000,000 shares authorized, 1,284,116 shares issued and outstanding 64,206 64,206 Additional paid-in capital 447,691 447,691 Accumulated (deficit) (533,134) (531,048) ------------- ------------- Total Stockholders' (Deficit) (21,237) (19,151) ------------- ------------- Total Liabilities and Stockholders' (Deficit) $ - $ - ============= ============
The accompanying notes are an integral part of the financial statements. VERSAILLES CAPITAL CORPORATION STATEMENT OF OPERATIONS (Unaudited) Three Months Ended September 30, 1998
Revenues $ - ------------- Operating Expenses: Professional fees (500) Other 150 ------------- Total Operating Expenses (350) ------------- Net Income $ 350 ------------- Per Share $ nil ============= Weighted Average Number of Shares Outstanding 1,284,116 =============
The accompanying notes are an integral part of the financial statements. VERSAILLES CAPITAL CORPORATION STATEMENT OF OPERATIONS (Unaudited) Six Months Ended September 30, 1998
Revenues $ - ------------- Operating Expenses: Professional fees 1,500 Other 586 ------------- Total Operating Expenses 2,086 ------------- Net Income $ (2,086) ------------- Per Share $ nil ============= Weighted Average Number of Shares Outstanding 1,284,116 =============
The accompanying notes are an integral part of the financial statements. VERSAILLES CAPITAL CORPORATION STATEMENT OF CASH FLOWS (Unaudited) Three Months Ended September 30, 1998
Cash Flows Operating Activities: Net income $ (350) (Decrease) in accounts payable (1,600) ------------- Net Cash (Used in) Operating Activities (1,250) ------------- Cash Flows from Investing Activities - ------------- Cash Flows from Financing Activities: Advances from related party 1,250 ------------- Net Cash Provided by Financing Activities 1,250 ------------- Increase in Cash - Cash, Beginning of Period - ------------- Cash, End of Period $ - ============= Interest Paid $ - ============= Income Taxes Paid $ - =============
The accompanying notes are an integral part of the financial statements. VERSAILLES CAPITAL CORPORATION STATEMENT OF CASH FLOWS (Unaudited) Six Months Ended September 30, 1998
Cash Flows Operating Activities: Net (loss) $ (2,086) (Decrease) in accounts payable (2,698) ------------- Net Cash (Used in) Operating Activities (4,784) ------------- Cash Flows from Investing Activities - ------------- Cash Flows from Financing Activities: Advances from related party 4,784 ------------- Net Cash Provided by Financing Activities 4,784 ------------- Increase in Cash - Cash, Beginning of Period - ------------- Cash, End of Period $ - ============= Interest Paid $ - ============= Income Taxes Paid $ - =============
The accompanying notes are an integral part of the financial statements. VERSAILLES CAPITAL CORPORATION NOTES TO FINANCIAL STATEMENTS September 30, 1998 (Unaudited) (1) Condensed Financial Statements ------------------------------ The financial statements included herein have been prepared by Versailles Capital Corporation without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted as allowed by such rules and regulations, and Versailles Capital Corporation believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these financial statements be read in conjunction with the March 31, 1998 audited financial statements and the accompanying notes thereto. While management believes the procedures followed in preparing these financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by Versailles Capital Corporation later in the year. The management of Versailles Capital Corporation believes that the accompanying unaudited condensed financial statements contain all adjustments (including normal recurring adjustments) necessary to present fairly the operations and cash flows for the periods presented. ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Versailles Capital Corporation (the "Company") was organized as a Colorado corporation on December 31, 1986, in order to evaluate, structure and complete a merger with, or acquisition of, prospects consisting of private companies, partnerships of sole proprietorships. The Company may seek to acquire a controlling interest in such entities in contemplation of later completing an acquisition. The Company is not limited to any operation or geographic area in seeking out opportunities. Management has not identified any particular business or industry within which the Company will seek an acquisition or merger. The Company has not conducted, nor have others made available to it, market research supporting the viability of the Company's proposed operations. The Company generated no revenues during the quarter ended September 30, 1998, and management does not anticipate any revenues until following the conclusion of a merger or acquisition, if any, as contemplated by the Company's business plan. The Company's capital is limited. The Company anticipates operational costs will be limited until such time as significant evaluation work is undertaken regarding prospective mergers or acquisitions. At September 30, 1998, the Company had no material commitments for capital expenditures. 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 -------------------------------- Exhibits: Exhibit 27 - Financial Data Schedule Reports on Form 8-K: 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 by the undersigned, thereunto duly authorized. VERSAILLES CAPITAL CORPORATION Date: November 16, 1998 By: /s/ David C. Walters ----------------- ------------------------------------- David C. Walters, President EX-27 2 FINANCIAL DATA SCHEDULE
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND ON PAGES 3-5 OF THE COMPANY'S FORM 10-QSB/A-1 FOR THE SIX MONTHS ENDED SEPTEMBER 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 6-MOS MAR-31-1998 SEP-30-1998 0 0 0 0 0 0 0 0 0 21,237 0 0 0 64,206 (85,443) 0 0 0 0 0 2,086 0 0 (2,086) 0 (2,086) 0 0 0 (2,086) 0 0
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