-----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, Q1DpEdqHGOxpfouQnjtRW2B0Wtpgc94rxz5+OgjzHY37qJDh7dJd71syEq5rbqe/ vehGxhQvqtP6MLeU51BLzQ== 0001005477-99-001079.txt : 19990311 0001005477-99-001079.hdr.sgml : 19990311 ACCESSION NUMBER: 0001005477-99-001079 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980630 FILED AS OF DATE: 19990309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIVA GOLF MANUFACTURING INC CENTRAL INDEX KEY: 0001031829 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 650594832 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 333-06388 FILM NUMBER: 99561178 BUSINESS ADDRESS: STREET 1: NATIONSBANK BUILDING STE 1 STREET 2: 3900 NO FEDERAL HIGHWAY CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5613619236 MAIL ADDRESS: STREET 1: NATIONSBANK BUILDING STE 1 STREET 2: 3900 NO FEDERAL HIGHWAY CITY: BOCA RATON STATE: FL ZIP: 33431 10QSB 1 FORM 10-QSB Commission File Number 333-6388 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------- FORM 1O-QSB QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 1998 VIVA GOLF MANUFACTURING, INC. (Exact Name of Small Business Issuer as Specified in Its Charter) Florida 65-0594832 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 737 N.E. 70th Street Boca Raton, Florida 33487 (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code: (800) 216-4083 Check whether issuer (1) filed in reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes |_| No |X| Number of shares of Common Stock outstanding as of December 31, 1998: 11,700,000 Transitional Small Business Disclosure Format (Check One): Yes |X| No |_| Viva Golf Mfg & Sub Balance Sheet as of June 30, 1998 Jun 30, 98 ---------- ASSETS Current Assets Checking/Savings 108 - Republic Checking 0.00 --------- Total Checking/Savings 0.00 Other Current Assets 236 - Inventory Golf Clubs 4,062.00 --------- Total Other Current Assets 4,062.00 --------- Total Current Assets 4,062.00 Fixed Assets 233 - Equipment Fixed Assets 1,097.31 --------- Total Fixed Assets 1,097.31 Other Assets 251 - Other Assets 257 - Organization Costs 6,164.00 --------- Total 261 - Other Assets 6,164.00 --------- Total Other Assets 6,164.00 --------- TOTAL ASSETS 11,323.31 ========= LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 350 - Loan Payable 332 - LP to bal audit 11/30/98 19,430.00 331 - LP GMM, Ltd 25,997.31 337 - LP audit 8/30/98 1,880.00 338 - LP audit 3/31/97 9,362.00 341 - LP Edco Financial 25,000.00 347 - LP Shdrs StockRetire 5,000.00 --------- Total 330 - Loan Payable 86,669.31 --------- Total Other Current Liabilities 86,669.31 --------- Total Current Liabilities 86,669.31 --------- Total Liabilities 86,669.31 --------- Equity 370 - Capital Stock 371 - Common Stock Par $.001 11,700.00 --------- Total 378 - Capital Stock 11,700.00 3008 - Retained Earnings (86,455.00) Net Income (591.00) ---------- Total Equity (75,346.00) ---------- TOTAL LIABILITIES & EQUITY 11,323.31 ========== Viva Golf Mfg & Sub Profit and Loss as of June 30, 1998 Apr - Jun 98 ------ Ordinary Income/Expenses Income 487 - Wholesale Sales 0.00 ------- Total Income 0.00 Cost of Goods Sold 995 - Cost of Goods Sold Equipment 0.00 ------- Total Cost 0.00 ------- Gross Profit 0.00 Expense 801 - Marketing & Promotion 0.00 831 - Repairs Equipment 0.00 731 - Licenses & Permit Fees 0.00 303 - Office & Administration 0.00 343 - Accounting 0.00 348 - Legal Fees 0.00 639 - Amortizaton Expense 500.00 641 - Depreciation Expense 91.00 ------- Total Expense 591.00 ------- Net ordinary Income (591.00) ------- Net Income (591.00) ------- 2. Management Discussion and Analysis of Financial Condition and Results of Operations Registrant has insignificant operations or substantial assets and intends to seek out and obtain candidates with which it can merge or whose operations or assets can be acquired through the issuance of common stock and possibly debt of a combination thereof. The Registrant has approximately 60 shareholders. It is the present expectation of the Management of Registrant that in connection with any such merger or acquisition of operations or assets that the Management of Registrant will be transferred to the new controlling shareholders. The Management of Registrant intends to negotiate covenants with any such company or controlling shareholders that it/they will maintain Registrant's registration with the Securities and Exchange Commission, comply with the terms of its Articles of Incorporation and Bylaws in all respects, maintain and promote an orderly market in Registrant's Common Stock and otherwise treat Registrant's shareholders fairly. Liquidity and Capital Resources Registrant is a development-stage company and has conducted limited business operations. The Company's cash resources and liquidity are extremely limited. The Company has no assets to use as collateral to allow the Company to borrow, and there is no available external funding source other than loans from shareholder which has agreed to provide up to $10,000 for expenses connected with the attempt to find a business combination partner. If no combination partner is found in 24 months, Registrant will experience severe cash flow difficulties. Registrant's principal needs for capital are for Securities and Exchange Commission reporting requirements, bookkeeping, and professional fees. 6. Exhibits and Reports on Form 8K (a) Exhibit 27 - Financial Data Schedule (b) The Company Filed No Reports on Form 8K During the Period. In accordance with the requirements of the Exchange Act, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VIVA Golf Manufacturing Inc. March 9, 1999 - ------------- ---------------------------- Date Ralph T. Woolbright Director/CFO -----END PRIVACY-ENHANCED MESSAGE-----