-----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, QPRxjB9B2plRUfFK8bzwT1iGciRKM4qOTUU2zB+AI7j/tGwF1Rm0/xHuQM3iPz6c hpJPyLadjXspiJWlpXawww== 0000826773-98-000030.txt : 19980915 0000826773-98-000030.hdr.sgml : 19980915 ACCESSION NUMBER: 0000826773-98-000030 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980731 FILED AS OF DATE: 19980914 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MALEX INC CENTRAL INDEX KEY: 0000819926 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 752233445 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 033-16335 FILM NUMBER: 98708580 BUSINESS ADDRESS: STREET 1: 2415 MIDWAY ROAD STREET 2: SUITE 121 CITY: CARROLLTON STATE: TX ZIP: 75006 BUSINESS PHONE: 9727333005 MAIL ADDRESS: STREET 1: 2415 MIDWAY ROAD STREET 2: SUITE 121 CITY: CARROLLTON STATE: TX ZIP: 75006 10QSB 1 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-QSB (Mark One) xQuarterly report under Section 13, or 15 (d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 1998 oTransition report under Section 13 or 15 (d) of the Exchange Act For the transition period from ______________ to _______________ Commission file number 33-16335 MALEX, INC. (Exact Name of Small Business Issuer as Specified in Its Charter) Delaware 75-2235008 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 2415 Midway Road, Suite 115, Carrollton, Texas 75006 (Address of Principal Executive Offices) (972) 733-3005 (Issuer's Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 past 90 days. xYes oNo APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant filed all documents and reports required to be filed by Section 12, 13, or 15 (d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. oYes oNo APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 8,400,000 MALEX, INC. I N D E X Page No. Part I FINANCIAL INFORMATION: Item 1. Balance Sheets 2 Statements of Operations 3 Statements of Cash Flows 4 Notes to Financial Statements (unaudited) 5 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 5 Part II OTHER INFORMATION 6 MALEX, INC. (a development stage company) PART I. FINANCIAL INFORMATION CONDENSED BALANCE SHEETS (Unaudited) ASSETS July 31, 1998 April 30, 1998 (Unaudited) (Audited) Cash $ 470 $ 470 Total Assets $ 470 $ 470 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities $ - $ - Stockholders' Equity: Common stock (number of shares authorized 75,000,000, issued and outstanding 8,400,000 shares, par value $.00002/sh) 168 168 Additional paid in capital 2,097 2,097 Retained earnings (deficit) (1,795) (1,795) Total Liabilities & Stockholders' Equity $ 470 $ 470
The accompanying notes are an integral part of these financial statements. MALEX, INC. (a development stage company) STATEMENTS OF OPERATION (Unaudited) Three Months Ended July 31, 1998 1997 Income $ - $ - Expenses - General and Administrative $ - $ - Net Income (Loss) $ - $ - Earnings per common share* * * *(less than $0.001 per share) Weighted average number of shares outstanding 8,400,000 30,537,500
The accompanying notes are an integral part of these statements. MALEX, INC. (a development stage company) STATEMENTS OF CASH FLOWS Three Months Three Months Ended Ended July 31, 1998 July 31, 1997 CASH FLOWS FROM OPERATING ACTIVITIES: Cash Received From Customers $ - $ - Cash Paid to Employees and Other Suppliers of Goods and Services - - NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES - - NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES - - NET CASH PROVIDED (USED) BY FINANCIAL ACTIVITIES - - NET INCREASE (DECREASE) IN CASH - - BEGINNING CASH BALANCE 470 470 CASH BALANCE AT END OF PERIOD $ 470 $ 470
The accompanying notes are an integral part of these financial statements. NOTES TO FINANCIAL STATEMENTS (UNAUDITED) Item 1. Financial Statements The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-QSB and do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the audited financial statements and notes thereto included in the Registrant's Form 10-KSB for the year ended April 30, 1998. Item 2. Management Discussion and Analysis of Financial Condition and Results of Operations Registrant has no operations or substantial assets and intends to seek out and obtain candidates with which it can merge or whose operations or assets can be acquired through the issuance of common stock and possibly debt. Following a distribution of its common stock to the shareholders of Forme Capital, Inc. ("Forme") the Registrant has approximately 1,000 shareholders. It is the present expectation of the Management of Registrant that in connection with any such merger or acquisition of operations or assets that the Management of Registrant will be transferred to the new controlling shareholders. The Management of Registrant intends to negotiate covenants with any such company or controlling shareholders that it/they will maintain Registrant's registration with the Securities and Exchange Commission, comply with the terms of its Articles of Incorporation and Bylaws in all respects, maintain and promote an orderly market in Registrant's Common Stock and otherwise treat Registrant's shareholders fairly. Year 2000 Issue The Company is aware of the issues associated with the programming code in existing computer systems as the year 2000 approaches. The issue is whether computer systems will properly recognize date- sensitive information when the year changes to 2000. Management is currently assessing the year 2000 compliance issue. The Company will expend necessary resources to assure that its computer systems are reprogrammed in time to deal effectively with transactions in the year 2000 and beyond. The Company presently believes that, with modifications to existing software and conversions to new software, the Year 2000 issue will not pose significant operational problems for the Company's computer systems as so modified, converted or replaced. The Company also believes that the cost of conversion, modification or replacement will not have a material adverse effect on the Company's financial condition or results of operations. However, if such modifications and conversions are not completed timely or third parties on which the Company relies are unable to address this issue in a timely manner, the Year 2000 issue may have a material impact on the operations of the Company. Liquidity and Capital Resources Registrant is a development-stage company and has not conducted any business operations as yet. The Company's cash resources and liquidity are extremely limited. The Company has no assets to use as collateral to allow the Company to borrow, and there is no available external funding source other than Forme which has agreed to provide up to $9,200 for expenses connected with the attempt to find a business combination partner. If no combination partner is found within twelve months, Registrant will experience severe cash flow difficulties. Registrant's principal needs for capital are for Securities and Exchange Commission reporting requirements, bookkeeping, and professional fees. PART II. OTHER INFORMATION Item 6. Exhibits and 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 thereto duly authorized. MALEX, INC. (Registrant) By: /s/ Daniel Wettreich DANIEL WETTREICH, PRESIDENT Date: September 14, 1998 EX-5 2 [ARTICLE] 5 [PERIOD-TYPE] 3-MOS [FISCAL-YEAR-END] APR-03-1998 [PERIOD-END] JUL-31-1998 [CASH] 470 [SECURITIES] 0 [RECEIVABLES] 0 [ALLOWANCES] 0 [INVENTORY] 0 [CURRENT-ASSETS] 470 [PP&E] 0 [DEPRECIATION] 0 [TOTAL-ASSETS] 470 [CURRENT-LIABILITIES] 0 [BONDS] 0 [PREFERRED-MANDATORY] 0 [PREFERRED] 0 [COMMON] 168 [OTHER-SE] 302 [TOTAL-LIABILITY-AND-EQUITY] 470 [SALES] 0 [TOTAL-REVENUES] 0 [CGS] 0 [TOTAL-COSTS] 0 [OTHER-EXPENSES] 0 [LOSS-PROVISION] 0 [INTEREST-EXPENSE] 0 [INCOME-PRETAX] 0 [INCOME-TAX] 0 [INCOME-CONTINUING] 0 [DISCONTINUED] 0 [EXTRAORDINARY] 0 [CHANGES] 0 [NET-INCOME] 0 [EPS-PRIMARY] 0 [EPS-DILUTED] 0
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