-----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, RiC0sODesrB3sZ1M1Uwn6lNT3FSX8fliSuOJbKtmr+71rqwOSYbD6WyVG4+mnE+g 6Zu4mRkX2Cy4wVQ3Dt/vqQ== 0000844055-97-000002.txt : 19970820 0000844055-97-000002.hdr.sgml : 19970820 ACCESSION NUMBER: 0000844055-97-000002 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19970819 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMAZON NATURAL TREASURES INC CENTRAL INDEX KEY: 0000844055 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [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: 97666063 BUSINESS ADDRESS: STREET 1: 4011 WEST OQUENDO ROAD STREET 2: UNIT C CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: (702) 795-4333 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 FORM 10 - QUARTERLY REPORT United States Securities and Exchange Commission Washington, DC 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, 1997 33-26109 AMAZON NATURAL TREASURES, 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.) 4011 W. Oquendo Avenue, Suite C LAS VEGAS, NEVADA 89118 (Address of principal executive offices) 4386 South Eastern Avenue LAS VEGAS, NEVADA 89119 (Former Address of principal executive office) (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, 1997 Common Voting Stock 25,394,300 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 are attached hereto as an exhibit, together with the Related Notes. In the opinion of 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 improving for this purpose. To finance these activities, the Company seeks to do a private placement of securities. 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 $97,775. In the quarter ended June 30, 1997, the Company lost $343,418 which is offset by the assets in the amount of $495,945. Plan of Operation In March 1996, the Board of Directors approved an exchange of common shares with Amazon Natural Treasures, Inc. (NV), a privately held Nevada Company. Amazon Natural Treasures, Inc., is a PhytoTherapy 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. 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 None; not applicable. 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. Dated this 15th day of August 1997. AMAZON NATURAL TREASURES, INC. (the "Registrant") By: /s/ Michael A. Sylver Michael A. Sylver President and Chief Financial Officer AMAZON NATURAL TREASURES, INC. FINANCIAL STATEMENTS JUNE 30, 1997 CONTENTS Page No. ACCOUNTANT'S COMPILATION REPORT 1 FINANCIAL STATEMENT: BALANCE SHEET 2 STATEMENT OF INCOME (LOSS) AND RETAINED EARNINGS 3 BALANCE SHEET SCHEDULES 4 SCHEDULE OF OPERATING EXPENSES 5 BOARD OF DIRECTORS AMAZON NATURAL TREASURES, INC. LAS VEGAS, NEVADA We have compiled the accompanying balance sheet of AMAZON NATURAL TREASURES, INC. as of June 30, 1997, and the related statement of income and retained earnings (deficit) for the three months and six months then ended, and the accompanying supporting schedules which are presented only for supplementary analysis purposes, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements and supporting schedules information that is the representation of management. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them. Management has elected to omit substantially all of the disclosures and the statement of cash flows required by generally accepted accounting principles. If the omitted disclosures and the statement of cash flows were included in the financial statements, they might influence the user's conclusions about the company's financial position, results of operations, and cash flows. Additionally, in accordance with generally accepted accounting principles, income taxes are an expense of business enterprises earning income subject to tax. Management has elected to omit a provision for federal income tax expense, and has informed us that the effects of this position and results of operations have not been determine. Accordingly, these financial statements are not designed for those who are not informed about such matters. LAS VEGAS, NEVADA August 13, 1997 AMAZON NATURAL TREASURES, INC. BALANCE SHEET JUNE 30, 1997 ASSETS CURRENT ASSETS Cash in bank $ 111,322 Petty cash 1,000 Inventory-bottles/bagged 101,140 Inventory-birds 10,507 Prepaid insurance 7,765 231,734 PROPERTY AND EQUIPMENT-AT COST Office furniture and equipment 15,450 Clean room & equipment 93,140 Laboratory equipment 21,540 Computer equipment 218 Automobiles 7,590 137,938 Less: accumulated depreciation (33,890) 104,048 OTHER ASSETS Construction in process 73,472 Refundable deposits 42,885 Organization costs-net 13,806 Prepaid logos, trademarks, etc. 25,000 Licenses 5,000 160,163 TOTAL ASSETS $ 495,945 LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 95,612 Payroll taxes payable 4,791 Notes payable-related parties 26,790 127,193 STOCKHOLDERS' EQUITY COMMON STOCK 500,000,000 common shares authorized at $0.001 par value 26,262,171 shares issued and outstanding 26,262 ADDITIONAL PAID IN CAPITAL 924,594 RETAINED EARNINGS (DEFICIT) (582,104) 368,752 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 495,945 See Accountant's Compilation Report AMAZON NATURAL TREASURES, INC. STATEMENT OF INCOME (LOSS) AND RETAINED EARNINGS FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1997 CURRENT TO-DATE BALANCE BALANCE INCOME Sales-non-taxable $ 5,441 $ 21,992 Interest income 771 774 6,212 22,766 COST OF SALES Purchases 1,392 5,912 Processing costs 1,156 Shipping expense 7,196 7,387 Commissions 175 8,588 14,630 GROSS PROFIT (2,376) 8,135 OPERATING EXPENSES 281,554 351,553 OPERATING INCOME (283,930) (343,418) NET INCOME (LOSS) $ (283,930) $ (343,418) BEGINNING RETAINED (238,686) ENDING RETAINED EARNINGS $ (582,104) See Accountant's Compilation Report AMAZON NATURAL TREASURES, INC. BALANCE SHEET SCHEDULES JUNE 30, 1997 SCHEDULE OF ACCUMULATED DEPRECIATION FURNITURE AND FIXTURES $ (22,815) LABORATORY EQUIPMENT (10,545) ACCUMULATED DEPRECIATION COMPUTER EQUIPMENT (24) AUTOMOBILES (506) $ (33,890) See Accountant's Compilation Report AMAZON NATURAL TREASURES, INC. SCHEDULE OF OPERATING EXPENSES FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1997 CURRENT TO-DATE BALANCE BALANCE Accounting-outside $ 26,765 $ 26,765 Advertising 362 362 Amortization 442 885 Auto & truck 3,242 3,996 Auto lease 11,150 11,850 Bank charges 479 640 Bank charges-credit cards 228 545 Casual labor 9,651 13,061 Clean room supplies 2,961 2,961 Consulting fees 76,127 84,917 Depreciation 6,504 11,415 Dues & subscriptions 1,283 1,283 Entertainment 2,450 2,450 Equipment rental 2,335 2,335 Furniture lease 127 127 Insurance-group 391 391 Insurance-general 1,903 1,903 Interest 490 1,274 Janitorial 439 439 Laboratory supplies 50 50 Legal 11,468 13,139 Licenses & taxes 1,532 2,032 Moving expense 240 Nevada business tax 1,257 1,257 Office expenses 9,558 12,540 Penalties 21 21 Printing 150 150 Postage 2,111 2,111 Professional services 2,002 5,050 Promotional 32,506 32,631 Rent 12,725 29,261 Repairs & maintenance 1,736 1,857 Research & development 3,410 3,410 Salaries & wages 18,899 27,299 Taxes-payroll 2,585 3,504 Telephone 12,845 13,448 Travel 20,580 34,699 Utilities 789 1,255 $ 281,554 $ 351,553 See Accountant's Compilation Report EX-27 2 FDS -- WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
5 0000844055 Amazon Natural Treasures, Inc. 1 US Dollars 3-mos DEC-31-1997 Apr-01-1997 Jun-30-1997 1.000 120,087 0 0 0 111,647 0 137,938 33,890 495,945 127,193 0 0 0 368,752 0 495,945 5,441 6,212 1,392 8,588 281,554 0 490 (283,930) 0 0 0 0 59,488 (283,930) (.01) (.01)
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