-----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, MQswpfgeXA7kKG2YYVuBW6tzNOBU9hPcyHh6Z66WXo//aTkuRxgzW5hMo8Ng0bIh NxfqHS/4s+PpScA3SseBag== 0000844055-96-000008.txt : 19960919 0000844055-96-000008.hdr.sgml : 19960919 ACCESSION NUMBER: 0000844055-96-000008 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960630 FILED AS OF DATE: 19960830 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMAZON NATURAL TREASURES INC CENTRAL INDEX KEY: 0000844055 STANDARD INDUSTRIAL CLASSIFICATION: 6770 IRS NUMBER: 870460880 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 033-26109 FILM NUMBER: 96624763 BUSINESS ADDRESS: STREET 1: 6020 S SPENCER ST STREET 2: STE B-7 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7027957100 MAIL ADDRESS: STREET 1: 6020 SOUTH SPENCER ST STREET 2: STE B7 CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: CONCORD CAPITAL INC /UT/ DATE OF NAME CHANGE: 19960306 FORMER COMPANY: FORMER CONFORMED NAME: MULTIMEDIA FACTORY INC DATE OF NAME CHANGE: 19930825 FORMER COMPANY: FORMER CONFORMED NAME: CONCORD CAPITAL INC DATE OF NAME CHANGE: 19920703 10QSB 1 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-QSB Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended Commission File Number June 30, 1996 33-26109 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. (Exact name of registrant as specified in its charter) UTAH (State or other jurisdiction of incorporation or organization 87-0460880 (I.R.S. Employer Identification No.) 4386 South Eastern Avenue LAS VEGAS, NEVADA 89119 (Address of principal executive offices) (702) 795-4333 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12 (b) of the Act: 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 such filing requirements for the past 90 days. X Yes No State the number of shares outstanding of each of the registrants classes of common stock, as of the latest practicable date. June 30, 1996 Common Voting Stock 6,400,000 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS The unaudited financial statements of the Registrant required to be filed with this 10-QSB Quarterly Report were prepared by management, and commence of the following page, together with Related Notes. In the opinion on management, the Financial Statements fairly present the financial condition of the Registrant. ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL STATEMENTS Liquidity and Capital Resources Since the reverse acquisition of Amazon Natural Treasures, Inc., (NV) the Company has had limited operations and has made preparation to launch more extensive operations in the near future. Currently, the Company's capital resources are inadequate for this purpose. To finance these activities the Company seeks to do a private placement memorandum offering. Results of Operations The Company does have limited operations and costs attributed to development of future operations. In the quarter ended June 30, 1996 the Company lost $39,120 and had a fiscal year to date loss of $99,775. Plan of Operation In March 1996, the Board of Directors approved an exchange of common shares with Amazon Natural Treasures, Inc., a privately held Nevada Company. Amazon Natural Treasures, Inc., is a Phyto Therapy Health Maintenance Company. They produce and distribute health supplements derived from plants and related species for the cure and treatment of human illnesses and diseases. The Board of Directors felt this would offer shareholders a viable business opportunity for the future. 3 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. BALANCE SHEETS JUNE 30, 1996 AND DECEMBER 31, 1995 ASSETS
Unaudited 1996 1995 Current Assets Cash $ 242 $ 3,640 Inventory 13,631 -0- -------- --------- Total Current Assets 13,873 3,640 Fixed Assets Furniture, Fixtures and Equipment - Net 54,924 -0- -------- --------- Total Fixed Assets 54,924 -0- Other Assets Refundable Deposits 1,694 -0- Organization Costs - Net 7,809 50 ------- --------- Total Other Assets 9,503 50 ------- --------- TOTAL ASSETS $ 78,300 $ 3,690 ======= =========
4 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. BALANCE SHEETS MARCH 31, 1996 AND DECEMBER 31, 1995 LIABILITIES & STOCKHOLDERS' EQUITY
Unaudited 1996 1995 Current Liabilities Accounts Payable $ 21,200 $ 13,211 Notes Payable 2,000 -0- --------- --------- Total Current Liabilities 23,200 13,211 Long Term Liabilities 70,000 -0- --------- --------- Total Liabilities 93,200 13,211 Stockholders' Equity 500,000,000 Common Shares Authorized At $0.001 Par Value; 2,809,933 and 6,400,000 Shares Issued and Outstanding Respectively 6,400 2,810 3,300,000 Shares Subscribed Not Issued -0- 16,500 Paid In Capital 94,450 69,706 Accumulated Deficits (115,750) (98,537) --------- -------- Total Stockholders' Equity (14,900) (9,521) -------- -------- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 78,300 $ 3,690 ======== ========
5 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. STATEMENTS OF OPERATIONS FROM JANUARY 1, 1996 TO JUNE 30, 1996 AND JANUARY 1, 1995 TO JUNE 30, 1995 AND APRIL 1, 1996 TO JUNE 30, 1996 AND APRIL 1, 1995 TO JUNE 30, 1995
01/01/96 01/01/95 04/01/96 04/01/95 to to to to 06/30/96 06/30/95 06/03/96 06/30/96 Revenues $ 20,301 $ -0- $ 3,976 $ -0- Costs of Sales 28,396 -0- 3,446 -0- -------- -------- -------- ------- Gross Margin (8,095) -0- 530 -0- Expenses Director Fees -0- 180 -0- 90 Taxes -0- 100 -0- -0- Depreciation 6,298 -0- 3,149 -0- Rent 8,532 -0- 5,119 -0- Travel 44,001 -0- 27,092 -0- Telephone 5,083 -0- 543 -0- Maintenance 3,800 -0- -0- -0- General & Administrative 20,616 -0- 1,587 -0- Professional Fees 1,350 -0- 1,350 -0- -------- -------- -------- ------- Total Expenses 89,680 280 39,650 90 -------- -------- -------- ------- Net Loss $ (97,775) $ (280) $ (39,120)$ (90) ======== ======== ======== ======= Loss Per Share (.03) (.00) (.01) (.00) Shares Outstanding at End of Period 3,350,000 2,759,933 6,400,000 2,759,933
6 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. STATEMENTS OF CASH FLOWS -UNAUDITED- FOR THE PERIOD JANUARY 1, 1996 TO JUNE 30, 1996 AND JANUARY 1, 1995 TO JUNE 30, 1995
1996 1995 Cash Flows from Operating Activities Net Loss $ (97,775) $ (280) Adjustments to Reconcile Net Loss to Net Cash Depreciation 6,298 -0- Amortization 786 -0- Changes in Operating Assets & Liabilities (Increase) in Inventory (5,950) -0- Decrease in Accounts Payable 21,200 (196) -------- -------- Net Cash Used by Operating Activities (75,441) (476) Cash Flows from Investing Activities Purchase Equipment (800) -0- -------- -------- Net Cash Used by Investing Activities (800) -0- Cash Flows from Financing Activities Contributed Cash 843 476 Increase in Notes Payable 72,000 -0- -------- -------- Net Cash Provided by Financing Activities 72,843 476 -------- -------- Increase (Decrease) in Cash (3,398) -0- Cash at Beginning of Period 3,640 -0- Cash at End of Period 242 -0- -------- --------
7 AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. NOTE TO FINANCIAL STATEMENTS NOTE #1 - Statement Preparation The Company has prepared the accompanying financial statements with interim financial reporting requirements promulgated by the Securities & Exchange Commission. The information furnished reflects all adjustments which are, in the opinion of management necessary for a fair presentation of financial position and results of operations. The financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's 1995 10-K report and subsequent reports on Form 8-K. 8 PART II - OTHER INFORMATION Item 1. Legal Proceedings None; not applicable. Item 2. Changes in Securities None; not applicable. Item 3. Defaults upon Senior Securities None; not applicable. Item 4. Submission of Matters to a Vote of Security Holders None; not applicable. Item 5. Other Information None; not applicable. Item 6. Exhibits and Reports on Form 8-K (A) Exhibits None. 9 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this to be signed on its behalf by the undersigned thereunto duly authorized. AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. BY: /s/ Michael Sylver, President and Chief Financial Officer Dated: August 29, 1996 -----END PRIVACY-ENHANCED MESSAGE-----