-----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, WTX4Z3OMgo3ZJq49BMQD6rjP19+t78OKNaFQDewCTbXkd4TlFVciTS6Nr7LqNq2v 3vtHYKFsn8sLqOht0tqGbg== 0000891020-97-000954.txt : 19970701 0000891020-97-000954.hdr.sgml : 19970701 ACCESSION NUMBER: 0000891020-97-000954 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970331 FILED AS OF DATE: 19970630 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: 97632666 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-QSB FOR THE QUARTER ENDED MARCH 31, 1997 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 March 31, 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. 2 March 31, 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 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 March 31, 1997, the Company lost $58,665. In the quarter ended March 31, 1997, the Company lost $59,488. PLAN OF OPERATION In March 1997, 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 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. 3 Amazon Natural Treasures, Inc. Balance Sheets March 31, 1997 (Unaudited) and December 31, 1996
Unaudited 1997 1996 --------- --------- ASSETS Current Assets Cash $ 6,602 $ 1,390 Stock Subscription Receivable -0- 2,000 Inventory 33,649 38,149 Total Current Assets 40,251 41,539 Property & Equipment Furniture, Fixtures and Equipment 96,523 69,435 Less Accumulated Depreciation (27,386) (22,475) --------- --------- Total Property & Equipment 69,137 46,960 Other Assets Deposits 5,670 5,670 Organization Costs - Net 6,581 7,024 License & Trademarks 5,000 5,000 Total Other Assets 17,251 17,694 --------- --------- TOTAL ASSETS $ 126,639 $ 106,193 ========= =========
Amazon Natural Treasures, Inc. 4 Balance Sheets -Continued- March 31, 1997 (Unaudited) and December 31, 1996
Unaudited 1997 1996 --------- --------- LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $ 55,770 $ 59,549 Accrued Expenses 2,259 1,475 Payroll Taxes 2,815 1,161 Customer Deposits 5,000 5,000 Short Term Notes Payable -0- 1,943 --------- --------- Total Current Liabilities 65,844 69,128 Long Term Liabilities 55,342 40,000 --------- --------- Total Liabilities 121,186 109,128 Stockholders' Equity 500,000,000 Common Shares Authorized At $0.001 Par Value; 25,394,300 Shares and 24,664,300 Shares Issued and Outstanding Respectively 25,394 24,664 Paid In Capital 278,232 211,088 Accumulated Deficits (298,173) (238,687) --------- --------- Total Stockholders' Equity 5,453 (2,935) --------- --------- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 126,639 $ 106,193 ========= =========
The accompanying notes are an integral part of these financial statements Amazon Natural Treasures, Inc. Statements of Operations -Unaudited- 5 For the Period January 1, 1997 to March 31, 1997 and January 1, 1996 to March 31, 1996
(Unaudited) 1997 1996 ---------- --------- Revenues $ 16,553 $ 16,325 Costs of Sales 6,042 24,950 ---------- --------- Gross Margin 10,511 (8,625) Expenses Taxes 1,419 -0- Depreciation 4,911 3,149 Rent 16,536 3,413 Telephone 603 16,099 Maintenance 121 3,800 General & Administrative 46,409 25,569 ---------- --------- Total Expenses 69,999 50,030 ---------- --------- Net Loss $ (59,488) $ (58,655) ========== ========= Loss Per Share (.00) (.01) Shares Outstanding at End of Period 24,664,300 6,400,000
6 Amazon Natural Treasures, Inc. Statements of Cash Flows - Unaudited- For the Period January 1, 1997 to March 31, 1997 and January 1, 1996 to March 31, 1996
1997 1996 -------- -------- Cash Flows from Operating Activities Net Loss $(59,488) $(58,655) Adjustments to Reconcile Net Loss to Net Cash Depreciation 4,911 3,149 Amortization 433 393 Rounding 1 -0- Changes in Operating Assets & Liabilities Decrease (Increase) in Inventory 4,500 (5,950) Decrease in Accounts Payable (1,341) -0- -------- -------- Net Cash Used by Operating Activities (50,974) (61,063) Cash Flows from Investing Activities Equipment Purchase (27,088) -0- Cash Flows from Financing Activities Sale of Common Shares 69,875 -0- Contributed Cash -0- 843 Increase in Notes Payable 13,399 59,500 -------- -------- Net Cash Provided by Financing Activities 83,274 60,343 -------- -------- Increase (Decrease) in Cash 5,212 (720) Cash at Beginning of Period 1,390 3,640 -------- -------- Cash at End of Period $ 6,602 $ 2,920 ======== ======== Disclosures from Operating Activities Interest $ 784 $ -0- Taxes -0- -0-
7 Amazon Natural Treasures, 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 1996 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. Date: __________________________ By: ___________________________________ Michael Sylver President & Chief Financial Officer Date: __________________________ By: ___________________________________ EX-27 2 FINANCIAL DATA SCHEDULE
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE (AUDITED) AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE 12 MONTHS ENDING DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. YEAR DEC-31-1996 JAN-01-1996 DEC-31-1996 1,390 0 2,000 0 38,149 41,539 69,435 (12,475) 106,193 69,128 40,000 0 0 24,664 (27,023) 106,193 34,975 34,975 16,727 (260,206) 0 0 0 (238,781) 0 0 0 94 0 (238,687) (.03) (.03)
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