-----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, SyQKfNf+Timmt42XOvH2PCmrZsHQGxg4Fv+Fgix0VbaQVPTj+o64zAg7mIiHAKfu 2bwyxcBMd980pbFlefdxog== 0000844055-96-000016.txt : 19961220 0000844055-96-000016.hdr.sgml : 19961220 ACCESSION NUMBER: 0000844055-96-000016 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960930 FILED AS OF DATE: 19961219 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: 96683044 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 1 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 September 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. September 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 together with Related Notes. In the opinion on management, the Financial Statements fairly present the financial condition of the Registrant. AMAZON NATURAL TREASURES, INC. (A Development Stage Company) Formerly Concord Capital, Inc. FINANCIAL STATEMENTS September 30, 1996 and December 31, 1995 3 SCHVANEVELDT AND COMPANY Certified Public Accountant 275 E. South Temple, Suite 300 Salt Lake City, Utah 84111 (801) 521-2392 Darrell T. Schvaneveldt, C.P.A. To the Board of Directors Amazon Natural Treasures, Inc. (A Development Stage Company) Formerly Concord Capital, Inc. The accompanying balance sheets of Amazon Natural Treasures, Inc., (a development stage company), formerly Concord Capital, Inc., as of September 30, 1996 and December 31, 1995, and the related statements of income, retained earnings, and cash flows for the periods of January 1, 1996 to September 30, 1996, January 1, 1995 to September 30, 1995, July 1, 1996 to September 30, 1996, and July 1, 1995 to September 30, 1995, were not audited by me and, accordingly, I do not express an opinion on them. /s/ Schvaneveldt and Company Darrell Schvaneveldt December 17, 1996 4 Amazon Natural Treasures, Inc. (A Development Stage Company) Formerly Concord Capital, Inc. Balance Sheets September 30, 1996 and December 31, 1995
Unaudited 1996 1995 ASSETS Current Assets Cash $ 218 $ 3,640 Inventory 13,631 -0- ------- ------- Total Current Assets 13,849 3,640 Fixed Assets Furniture, Fixtures and Equipment Net 50,027 -0- ------- ------- Total Fixed Assets 50,027 -0- Other Assets Refundable Deposits 5,670 -0- Organization Costs - Net 7,466 50 ------- ------- Total Other Assets 13,136 50 ------- ------- TOTAL ASSETS $ 77,012 $ 3,690 ======= =======
5 Amazon Natural Treasures, Inc. (A Development Stage Company) Formerly Concord Capital, Inc. Balance Sheets -Continued- September 30, 1996 and December 31, 1995
Unaudited 1996 1995 LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $ 38,374 $ 13,211 Notes Payable 40,000 -0- -------- -------- Total Current Liabilities 78,374 13,211 Long Term Liabilities 67,302 -0- -------- -------- Total Liabilities 145,676 13,211 Stockholders' Equity 500,000,000 Common Shares Authorized At $0.001 Par Value: 6,400,000 and 2,809,933 Shares Issued & 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 (169,514) (98,537) -------- -------- Total Stockholders' Equity (68,664) (9,521) -------- ------- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 77,012 $ 3,690 ======== =======
6 Amazon Natural Treasures, Inc. (A Development Stage Company) Formerly Concord Capital, Inc. Statements of Operations -Unaudited- From January 1, 1996 to September 30, 1996 and January 1, 1995 to September 30, 1995 and July 1, 1996 to September 30, 1996 and July 1, 1995 to September 30, 1995
01/01/96 01/01/95 07/01/96 07/01/95 to to to to 09/30/96 09/30/95 09/30/96 09/30/95 Revenues $ 30,585 $ -0- $ 10,284 $ -0- Costs of Sales 32,824 -0- 4,428 -0- -------- ------- --------- ------- Gross Margin (2,239) -0- 5,856 -0- Expenses Director Fees -0- 250 -0- 70 Taxes -0- 100 -0- -0- Depreciation 11,194 -0- 4,896 -0- Rent 22,500 -0- 13,968 -0- Travel 52,874 -0- 8,873 -0- Telephone 5,682 -0- 599 -0- Maintenance 4,100 -0- 300 -0- General & Administrative 14,272 -0- (6,344) -0- Professional Fees 40,915 1,500 39,565 1,500 -------- ------- --------- ------- Total Expenses 151,537 1,850 61,857 1,570 -------- ------- --------- ------- Net Loss $(153,776) $ (1,850) $ (56,001) $ (1,570) ======== ======= ========= ======== Loss Per Share $ (.02) $ (.00) $ (.01) $ (.00) Shares Outstanding at End of Period 6,400,000 2,759,933 6,400,000 2,759,933
7 Amazon Natural Treasures, Inc. (A Development Stage Company) Formerly Concord Capital, Inc. Statements of Cash Flows - Unaudited- For the Period January 1, 1996 to September 30, 1996 and January 1, 1995 to September 30, 1995
January 1, January 1, 1996 to 1995 to September September 30, 1996 30, 1995 CASH FLOWS FROM OPERATING ACTIVITIES Net Loss $ (153,776) $ (1,850) Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities: Depreciation 11,194 -0- Changes in Operating Assets & Liabilities: (Increase) in Inventory (5,950) -0- Increase (Decrease) in Accounts Payable 38,374 (276) --------- ------- Net Cash Used by Operating Activities (110,158) (2,126) CASH FLOWS FROM INVESTING ACTIVITIES Purchase Equipment (1,409) -0- --------- ------- Net Cash Used by Investing Activities (1,409) -0- CASH FLOWS FROM FINANCING ACTIVITIES Common Shares Subscribed -0- 1,730 Contributed Capital 843 -0- Increase in Notes Payable 107,302 626 --------- ------- Net Cash Provided by Financing Activities 108,145 2,356 --------- ------- Increase (Decrease) in Cash (3,422) 230 Cash at Beginning of Period 3,640 -0- --------- ------- Cash at End of Period $ 218 $ 230 ========= ======= Additional Disclosures Interest $ -0- $ -0- Taxes -0- -0-
8 AMAZON NATURAL TREASURES, INC. Notes 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 consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's's 1994 10-K report. 9 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 September 30, 1996 the Company lost $56,001 and had a fiscal year to date loss of $151,537. 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 feels this will 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 (A) Exhibits. None. 10 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. Dated this 18th day of December, 1996. AMAZON NATURAL TREASURES, INC. Formerly Concord Capital, Inc. /s/ Michael Sylver President & Chief Financial Officer EX-27 2
5 This schedule contains summary financial information extracted from the Consolidated Statement of Financial Condition at September 30, 1996 (Unaudited) and the Consolidated Statement of Income for the nine months ended September 30, 1996 (Unaudited) and is qualified in its entirety by reference to such financial statements. 9-MOS DEC-31-1995 SEP-30-1996 218 0 0 0 13,631 13,849 62,989 12,961 77,012 78,374 0 6,400 0 0 (105,064) 77,012 30,585 30,585 32,824 151,537 0 0 0 0 (153,776) 0 0 0 0 (153,776) (0.02) (0.02)
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