-----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, ByqenjCy1hB1vaXcPKSLVOSNTit98ph8vfIt8BrFaCdqO+wyhFaeK2cUCkngnwM3 YdIz+7PEGbzxyDas08fEBQ== 0001096906-01-500137.txt : 20010626 0001096906-01-500137.hdr.sgml : 20010626 ACCESSION NUMBER: 0001096906-01-500137 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 FILED AS OF DATE: 20010625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YUMMIES INC CENTRAL INDEX KEY: 0001073748 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 870615629 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-32361 FILM NUMBER: 1666422 BUSINESS ADDRESS: STREET 1: 1981 EAST MURRAY-HOLLADAY ROAD CITY: SALT LAKE CITY STATE: UT ZIP: 84117 BUSINESS PHONE: 8012729294 MAIL ADDRESS: STREET 1: 1981 EAST MURRAY-HOLLADAY ROAD CITY: SALT LAKE CITY STATE: UT ZIP: 84117 10QSB/A 1 yummies10qsbmar2001_a1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-QSB/A (x) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2001 --------------------------------- ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ------------ --------------- Commission File number 000-32361 -------------------- YUMMIES, INC. ------------------------------------------------------- (Exact name of registrant as specified in charter) Nevada 87-0615629 - ------------------------------- -------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1981 East Murray Holiday Rd, Salt Lake City, Utah 84117 - --------------------------------------------------- ----------------- (Address of principal executive offices) (Zip Code) 801-272-9294 Registrant's telephone number, including area code ----------------------------------------------------- (Former name, former address, and former fiscal year, if changed since last report.) 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), Yes [x ] No [ ] and (2) has been subject to such filing requirements for the past 90 days. Yes [x ] No [ ] APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the last practicable date Class Outstanding as of March 31, 2001 --------- ----------------------------------- Common Stock, $0.001 2,505,000
INDEX Page Number PART I. ITEM 1. Financial Statements (unaudited)..................................3 Balance Sheets....................................................4 March 31, 2001 and September 30, 2000 Statements of Operations For the three months ended March 31, 2001 and 2000............5 and the period June 10, 1998 to March 31, 2001 Statements of Cash Flows For the three months ended March 31, 2001 and 2000............6 and the period June 10, 1998 to March 31, 2001 Notes to Financial Statements.....................................7 ITEM 2. Plan of Operations................................................8 PART II. Signatures........................................................8
PART I - FINANCIAL INFORMATION - -------------------------------------------------------------------------------- ITEM 1. FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- The accompanying balance sheets of YUMMIES, Inc. ( development stage company) at March 31, 2001 and September 30, 2000, and the related statements of operations for the three and six months ended March 31, 2001 and 2000 and the period June 10, 1998 to March 31, 2001, the statement of cash flows for the three and six months ended March 31, 2001 and 2000, and the period June 10, 1998 to March 31, 2001, have been prepared by the Company's management and they do not include all information and notes to the financial statements necessary for a complete presentation of the financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the quarter ended March 31, 2001, are not necessarily indicative of the results that can be expected for the year ending September 30, 2001. 3 YUMMIES, INC. (A Development Stage Company) BALANCE SHEETS MARCH 31, 2001 AND SEPTEMBER 30, 2000 March 31, September 30, 2001 2000 ------- ------- Assets - ------ Current Assets: Cash $12,029 $12,029 ------- ------- Total current assets 12,029 12,029 ------- ------- Total Assets $12,029 $12,029 ======= ======= Liabilities and Stockholders' Equity - ------------------------------------ Current Liabilities: $ -- $ -- ------- ------- Total current liabilities -- -- ------- ------- Stockholders' Equity: Common stock, $.001 par value 50,000,000 shares authorized, 2,505,000 and 6,105,000 issued and outstanding 2,505 6,105 Additional paid-in capital 9,524 5,924 Deficit accumulated during the development stage -- -- ------- ------- Total Stockholders' Equity 12,029 12,029 ------- ------- Total Liabilities and Stockholders' Equity $12,029 $12,029 ======= ======= The accompanying notes are an integral part of the financial statements. 4
YUMMIES, INC. (A Development Stage Company) STATEMENTS OF OPERATIONS For the Period For the For the For the For the June 10, 1998 Three Months Three Months Six Months Six Months (Inception) Ended Ended Ended Ended Through March 31, March 31, March 31, March 31, March 31, 2001 2000 2001 2000 2001 ---------- ---------- --------- ----------- ----------- Revenues $ -- $ -- $ -- $ -- $ -- Expenses, general and administrative -- -- -- -- -- ---------- ---------- --------- ----------- ----------- Operating income -- -- -- -- -- Other income (expense) -- -- -- -- -- ---------- ---------- --------- ----------- ----------- Net income $ -- $ -- $ -- $ -- $ -- ========== ========== ========= =========== =========== Net income per share $ -- $ -- $ -- $ -- $ -- ========== ========== ========= =========== =========== The accompanying notes are an integral part of the financial statements. 5
YUMMIES, INC. (A Development Stage Company) STATEMENTS OF CASH FLOWS For the Period For the For the For the For the June 10, 1998 Three Months Three Months Six Months Six Months (Inception) Ended Ended Ended Ended Through March 31, March 31, March 31, March 31, March 31, 2001 2000 2001 2000 2001 ------------ ------------ ----------- ---------- ------------ Cash flows from operating activities: Net income $ -- $ -- $ -- $ -- $ -- ------- ------- ------- ------- ------- Net cash provided by operating activities: -- -- -- -- -- ------- ------- ------- ------- ------- Cash flows from investing activities: -- -- -- -- -- ------- ------- ------- ------- ------- Cash flows from financing activities: Issuance of common stock -- -- -- -- 12,029 ------- ------- ------- ------- ------- Net increase in cash -- -- -- -- 12,029 Cash, beginning of period 12,029 12,029 12,029 12,029 -- ------- ------- ------- ------- ------- Cash, end of period $12,029 $12,029 $12,029 $12,029 $12,029 ======= ======= ======= ======= ======= Interest Paid $ -- $ -- $ -- $ -- $ -- ======= ======= ======= ======= ======= Income taxes paid $ -- $ -- $ -- $ -- $ -- ======= ======= ======= ======= ======= The accompanying notes are an integral part of the financial statements. 6
YUMMIES, INC. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS March 31, 2001 and 2000 1. Summary of Business and Significant Accounting Policies ------------------------------------------------------- a. Summary of Business ------------------- The Company was incorporated under the laws of the State of Nevada on June 10, 1998. The Company intends to commence the business of renting a water ski boat to recreational users. The Company has not commenced principal operations and is considered a "Development Stage Company" as defined by the Financial Accounting Standards Board Statement No. 7. b. Cash Flows ---------- For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents. c. Net Income Per Share -------------------- The net income per share calculation is based on the weighted average number of shares outstanding during the period. d. Use of Estimates ---------------- The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 2. Issuance of Common Stock ------------------------ On August 13, 1998, the Company issued 1,000,000 shares of its $.001 par value common stock for an aggregate price of $1,000. In February 1999, pursuant to Rule 504 of Regulation D of the Securities and Exchange Commission, the Company sold 17,500 shares of its common stock at a price of $1.00 per share. Costs of $6,471 associated directly with the offering were offset against the proceeds. On December 15, 2000, an officer and stockholder of the Company returned 600,000 shares of common stock to authorized but unissued shares. On February 5, 2001, the Company authorized a 6 for 1 forward split. The stock split has been accounted for retroactively in the accompanying financial statements. 3. Warrants and Options -------------------- No options or warrants are outstanding to acquire the Company's common stock. 4. Income Taxes ------------ The Company has had no taxable income under Federal or State tax laws. 7 - -------------------------------------------------------------------------------- ITEM 2. PLAN OF OPERATIONS - -------------------------------------------------------------------------------- The Company's management is seeking and intends to acquire interests in various business opportunities which, in the opinion of management, will provide a profit to the Company but it does not have the working capital to be successful in this effort. Continuation of the Company as a going concern is dependent upon obtaining the working capital necessary for its planned activity. The management of the Company has developed a strategy, which they believe can obtain the needed working capital through additional equity funding and long term debt which will enable the Company to continue operations for the coming year. Liquidity and Capital Resources - ------------------------------- The Company will need additional working capital to finance its planned activity. Results of Operations - --------------------- The Company has had no operations during this reporting period. PART 2 - SIGNATURES - -------------------------------------------------------------------------------- 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 there unto duly authorized. YUMMIES, Inc. [Registrant] By: s/ Dianne Hatton-Ward --------------------------- Dianne Hatton-Ward President and Director May 8, 2001 8 -----END PRIVACY-ENHANCED MESSAGE-----