-----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, M4VhExdRqBIgDupY/lP+F/fm6mR5vT9So1ANhF2R65ehXzHZgDj2AIdpEir8FTm5 cOrFS/OYQ5fbaBeD0dJ4qw== 0001002334-01-500044.txt : 20010813 0001002334-01-500044.hdr.sgml : 20010813 ACCESSION NUMBER: 0001002334-01-500044 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010630 FILED AS OF DATE: 20010810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPACE LAUNCHES FINANCING INC CENTRAL INDEX KEY: 0001098009 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 980178621 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-27873 FILM NUMBER: 1704848 BUSINESS ADDRESS: STREET 1: 56 QUAI GUSTAVE ADOR STREET 2: GENEVA CITY: SWITZERLAND CH 1206 STATE: CA ZIP: 92629 MAIL ADDRESS: STREET 1: 29351 PASTO RD STREET 2: STE B CITY: DANA POINT STATE: CA ZIP: 92629 10QSB 1 j01qed.txt 10QSB SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-QSB [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 0-27873 CIK Number 0001098009 SPACE LAUNCHES FINANCING, INC. (Exact Name of small business issuer as specified in its charter) Nevada 98-0178621 (State or other Jurisdiction of I.R.S. Employer Identi- Incorporation or Organization fication No.) 56 Quai Gustave Ador, Geneva, Switzerland CH-1206 (Address of Principal Executive Offices) (Zip Code) (949) 489-2400 (Issuer's Telephone Number, including Area Code) Indicate by check mark whether the Registrant (i) 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 (of for such shorter period that the Registrant was required to file such reports) and (ii) has been subject to such filing requirements for the past 90 days. Yes X No Indicate the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date. Common Stock, $.001 par value 6,017,471 - ---------------------------------- ---------------- Title of Class Number of Shares outstanding at June 30, 2001 Transitional Small Business Format Yes No X No exhibits included. 1
SPACE LAUNCHES FINANCING, INC. (A Company in the Development Stage) BALANCE SHEETS ASSETS Dec. 31, June 30, 2000 2001 Current Assets - Cash 113,050 109,717 TOTAL ASSETS $ 113,050 $ 109,717 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities $ 754 ------------ STOCKHOLDERS' EQUITY Common Stock, $.00001 par value; 100,000,000 shares authorized; 6,017,471 shares issued and outstanding 61 61 Additional paid-in capital 141,559 141,559 Accumulated deficit during the development stage (29,324) (31,903) TOTAL STOCKHOLDERS' EQUITY 112,296 109,717 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 113,050 $ 109,717
The accompanying notes are an integral part of the financial statements. 2
SPACE LAUNCHES FINANCING, INC. (A Company in the Development Stage) STATEMENTS OF OPERATIONS CUMULATIVE FOR THE SIX FOR THE THREE FROM INCEPTION MONTHS ENDED MONTHS ENDED (Feb. 11, 1997) June 30, June 30, TO 1999 2000 1999 2000 June 30, 2001 REVENUES - Interest $ (2,798) $ (3,077) $ (1,241) $ (1,605) $ (19,663) OPERATING EXPENSES General and Administrative 5,377 341 238 241 51,567 TOTAL OPERATING EXPENSES 5,377 341 238 241 (31,904) NET INCOME (LOSS) (2,579) (2,736) (1,003) (1,364) (31,904) NET INCOME (LOSS) PER SHARE $ Nil $ Nil $ Nil $ Nil $ Nil WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 6,017,471 6,017,471 6,017,471 6,017,471
See accompanying Notes to Financial Statements. 3
SPACE LAUNCHES FIANCING, INC. (A Company in the Development Stage) STATEMENTS OF CASH FLOWS CUMULATIVE FOR THE SIX FOR THE THREE FROM INCEPTION MONTHS ENDED MONTHS ENDED (Feb. 11, 1997) June 30, June 30, TO 2001 2000 2001 2000 June 30, 2001 CASH FLOWS FROM OPERATING ACTIVITIES Net Income (Loss) $ (2,579) $ 2,736 $ 1,003 $ 1,364 $ (31,904) Decrease in Current Liabilities (754) Net cash flows from operating activities (3,333) 2,736 1,003 1,364 (31,904) CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Sale of Common Stock 141,621 Net Cash flows from financing activities 141,621 NET INCREASE (DECREASE) IN CASH (3,333) 2,736 1,003 1,364 109,717 CASH BALANCE AT BEGINNING OF PERIOD 113,050 107,420 108,714 109,292 0 CASH BALANCE AT END OF PERIOD 109,717 110,156 $ 109,717 $ 110,656 $ 109,717
See accompanying Notes to Financial Statements. 4 SPACE LAUNCHES FINANCING, INC. (A Company in the Development Stage) NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) June 30, 2001 1. Comments The accompanying financial statements are unaudited, but in the opinion of the management of the Company, contain all adjustments, consisting of only normal recurring accruals, necessary to present fairly the financial position at June 30, 2001, the results of operations for the three months ended June 30, 2001 and 2000, and the cash flows for the three months ended June 30, 2001 and 2000. Reference is made to the Company's Form 10-KSB for the year ended December 31, 2000. The results of operations for the nine and three months ended June 30, 2001 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2001. Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION The Company has limited working capital and activities. PART II. OTHER INFORMATION Item 1. LEGAL PROCEEDINGS - None Item 2. CHANGES IN SECURITIES - None --------------------- Item 3. DEFAULTS UPON SENIOR SECURITIES - None ------------------------------- Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS - None --------------------------------------------------- Item 5. OTHER INFORMATION - None Item 6. EXHIBITS AND REPORTS ON FORM 8-K Exhibits--None Reports on Form 8-K--None. 5 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 thereunto duly authorized. SPACE LAUNCHES FINANCING, INC. Date: August 8, 2001 By:/s/ Maurice Tolub ---------------- Maurice Tolub, President and Chief Financial Officer (chief financial officer and accounting officer and duly authorized officer) 6 -----END PRIVACY-ENHANCED MESSAGE-----