10KSB/A 1 mrptform10ksb_a11302004.htm MRPT FORM10KSB/A 11-30-2004 MRPT form10ksb/A 11-30-2004
__________________________________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

________________________________


FORM 10-KSB/A

Amendment No. 2

Annual Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

For the Year Ended November 30, 2004
Commission File No. 333-64244

_____________________________

        The Macreport.net, Inc.        
(Exact Name of Registrant as Specified in Its Charter)


        Delaware        
        11-3584538        
(State of Incorporation)
(I.R.S. Employer Identification No.)
   
    150 Broadhollow Road, Suite PH11, Melville, New York    
    11747    
(Address of principal executive offices)
(Zip Code)
   
        (631) 423-4222        
  
Registrant’s Telephone Number
  
   
Securities registered pursuant to Section 12(b) of the Act:
        Common Stock, $0.0001 par value per share        
(Title of Class)

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 and (2) has been subject to such filing requirements for the past 90 days.   Yes x No o
 
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. o
 
The aggregate market value of the voting stock held by non-affiliates of the Registrant as of February 15, 2005 was $804,917 using the closing bid price of $0.60 on February 14, 2005.
 
The number of shares of Common Stock outstanding as of February 15, 2005 was 16,304,509.
 
 

 
 
DOCUMENTS INCORPORATED BY REFERENCE:
 
 
None.
 

 
 

 



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Explanatory Note
 
This Amendment No. 2 to the Company’s Annual Report on Form 10-KSB/A for the fiscal year ended November 30, 2004, which amends in part the Company’s Form 10-KSB originally filed on February 28, 2005, is being filed solely for the purpose of revising the statement of cash flows within the audited financial statements.
 
This Amendment No. 2 does not reflect events occurring after the filing of the original Form 10-KSB on February 28, 2005, or modify or update the disclosures therein in any way other than as required to reflect the amendment to the statement of cash flows within the audited financial statements. Accordingly, this Amendment No. 2 should be read in conjunction with the Company’s filings made with the Commission subsequent to the filing of the original Form 10-KSB on February 28, 2005. The filing of this Amendment No. 2 shall not be deemed an admission that the original filing, when made, included any untrue statement of a material fact or omitted to state a material fact necessary to make a statement not misleading.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
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THE MACREPORT.NET, INC. AND SUBSIDIARIES
  
CONSOLIDATED STATEMENTS OF CASH FLOWS
  
   
Year Ended
  
Year Ended
  
   
November 30,
  
November 30,
  
   
2004
  
2003
  
           
CASH FLOWS FROM OPERATING ACTIVITIES:
          
Net income (loss)
  
$
1,244,997
  
$
(1,036,875
)
Adjustments to reconcile net loss to net cash
              
used in operating activities:
              
Depreciation and amortization
    
12,638
   
12,170
 
Changes in operating assets and liabilities:
              
(Increase) decrease in assets:
              
Trading securities, including unrealized
              
gain / (loss) of $646,064 and (4,000)
    
(1,148,514
)
  
(20,500
)
Accounts receivable
    
(14,708
)
      
Prepaid expenses
              
Other current assets
    
(2,000
)
  
(2,000
)
Security deposits
          
(1,726
)
Increase (decrease) in liabilities:
              
Accounts payable and accrued expenses
    
(262,130
)
  
182,784
 
Deferred revenue
    
327,930
   
(20,556
)
Total adjustments
    
(1,086,784
)
  
150,172
 
Net cash used in operating activities
    
158,213
   
(886,703
)
               
CASH FLOWS FROM INVESTING ACTIVITIES:
              
Purchase of property and equipment
    
(406,304
)
  
(6,247
)
Net cash (used in) provided by investing activities
    
(406,304
)
  
(6,247
)
               
CASH FLOWS FROM FINANCING ACTIVITIES:
              
Decrease in advances to stockholder
          
(28,167
)
Proceeds from notes payable
    
1,097,257
   
776,327
 
Net cash provided by financing activities
    
1,097,257
   
748,160
 
               
Net increase in cash
    
849,166
   
(144,790
)
               
Cash and cash equivalents at beginning of year
    
1,868
   
146,658
 
               
Cash and cash equivalents at end of year
  
$
851,034
  
$
1,868
  

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Exhibits
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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SIGNATURES
 
In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on April 20, 2006.
 
 
 
THE MACREPORT.NET, INC.
 
By:/s/ V. William Lucchetti, Jr. 
    V. William Lucchetti, Jr.
    Chairman, Chief Executive Officer and President
 
 
 
 
 
In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated.
 
 
/s/ V. William Lucchetti, Jr.  
V. William Lucchetti, Jr.
 
Chairman, Chief Executive Officer
and President (Principal Executive Officer
and Principal Accounting and Financial Officer)
 
 
April 21, 2006
/s/ Adam J. Reznikoff   
Adam J. Reznikoff
 
Vice President-North American Sales and Director
 
April 21, 2006
 
/s/Kenneth T. Hutchinson  
Kenneth T. Hutchinson
 
Director
 
April 21, 2006

 
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