-----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, L5VVuTKwy+LWuJmMFOFJ7B9rperYDbxql+l8ZJE6Z/NzeaV9gC2CVKEiT14EXAuA 2Fx7DE5HmILyUtxAlxYF+A== 0001013596-96-000046.txt : 19961104 0001013596-96-000046.hdr.sgml : 19961104 ACCESSION NUMBER: 0001013596-96-000046 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961028 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961101 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLUTIONS INC CENTRAL INDEX KEY: 0000926844 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 841273503 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24512 FILM NUMBER: 96652748 BUSINESS ADDRESS: STREET 1: 6 VENTURE STE 207 CITY: IRVING STATE: CA ZIP: 92718 BUSINESS PHONE: 5187627527 MAIL ADDRESS: STREET 1: C/O BRYAN A GIANESIN STREET 2: 6 VENTURE SUITE 207 CITY: IRVINE STATE: CA ZIP: 92718 8-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A 3 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: November 1, 1996 (Amending Report Dated August 28, 1996) SUARRO COMMUNICATIONS, INC. (f/k/a/ SOLUTIONS, INCORPORATED) (Exact name of registrant as specified in its charter) NEVADA (State or other jurisdiction of incorporation) 0-23512 84-1273503 (Commission File No.) (IRS Employer Identification No.) 1635 N.E. Loop 410 Suite 900 San Antonio, Texas 78209 (Address of principal executive offices) Registrant's telephone number, including area code: (210) 805-0599 Page 1 of 5 pages. Item 7. Financial Statements and Exhibits. (b) Pro Forma Financial Statements. (1) Pro Forma Combined Balance Sjeet dated August 16, 1996 and Notes thereto (unaudited) (2) Pro Forma Combined Statements of Operations for the interim period from May 1, 1996 to August 16, 1995 and Notes thereto (unaudited) (c) Exhibits. All exhibits applicable were previously filed with the Form 8-K dated August 28, 1996, and Amendment No. 1 thereto dated September 6, 1996 2 Pro Forma Combined Balance Sheet The following pro forma combined balance sheet presents, under the "pooling of interest"" method of accounting, the balance sheet of Solutions, Incorporated as of August 16, 1996, combined with the balance of "Suarro Communications, Inc. as of August 16, 1996.
SUARRO COMMUNICATIONS, INC. (A Development Stage Company) PRO FORMA COMBINED BALANCE SHEET August 16, 1996 (unaudited) Suarro Solutions, Communications, Adjustments Incorporated Inc. (a) (b) Pro Forma ____________ _______________ ___________ _________ Cash $ 0 113 113 Proprietary tele- communication and Internet costs 0 349,382 349,382 ____________ _______________ ___________ _________ Total assets $ 0 349,495 0 349,495 Liabilities 0 0 0 ____________ _______________ ___________ _________ Total liabilities 0 0 0 0 Stockholders' equity: Preferred stock 0 0 0 Common stock 50 351,252 (345,102) 6,200 Additional paid-in capital 2,232 0 345,102 347,334 Deficit accumulated during the development stage (2,282) (1,757) (4,039) ____________ _______________ ___________ _________ Total stockholders' equity 0 349,495 0 349,495 ____________ _______________ __________ __________ Total liabilities and stockholders' equity $ 0 349,495 0 349,495 ______________________ Notes to Pro Forma Combined Financial Statements (a) Solutions, Incorporated amended its articles of incorporation in May 1996 to increase its authorized stock to 20,000,000 shares. Solution, Incorporated had a twenty-to-one stock split resulting in an increase of its outstanding shares from 50,000 to 1,000,000. (b) Solutions, Incorporated issued 5,200,000 shares of common stock in exchange for the 300,000 outstanding shares of Suarro Communications, Inc. The transaction was accounted for using the "pooling of interest" method of accounting.
3 Pro Forma Combined Statements of Operations The following pro forma combined statements of operations presents, under the "pooling of interest" method of accounting, the statement of operations of Solutions, Incorporated for the period from May 1, 1996 to August 16, 1996, combined with the statement of operations of Suarro Communications, Inc. for the period from March 16, 1996 to August 16, 1996.
SOLUTIONS, INCORPORATED (A Development Stage Company) PRO FORMA COMBINED STATEMENT OF OPERATIONS FOR THE PERIOD FROM MAY 1, 1996 TO AUGUST 16, 1996 (unaudited) Suarro Solutions, Communications, Adjustments Incorporated Inc. (a) (b) Pro Forma ____________ _______________ ___________ _________ Sales and revenue $ 0 0 0 Costs and expenses: Cost of sales 0 0 0 Selling, general and administrative 0 1,757 1,757 Research and development 0 0 0 Other expense 0 0 0 ____________ _______________ ____________ ________ Net loss before income taxes 0 0 0 (1,757) Income taxes 0 0 0 0 ____________ _______________ ____________ ________ Net loss $ 0 0 0 (1,757) Net loss per common share $ 0(a) (0.0003) 0 (0.0003) _____________________ Notes to Pro Forma Combined Financial Statements (a) Based on Solution, Incorporated average shares outstanding of 1,000,000 and issuance of 5,200,000 shares to acquire Suarro Communications, Inc.
4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this amended report to be signed on its behalf by the undersigned hereunto duly authorized. SUARRO COMMUNICATIONS, INC. f/k/a SOLUTIONS, INCORPORATED By: /s/ Michael McAuliffe Michael McAuliffe, President Dated: November 1, 1996 5 -----END PRIVACY-ENHANCED MESSAGE-----