-----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, KQo8bQZfKa9P/14gF9k9w5aCm5XeO4zOxgQMjD5yoM7rTo3v3JloHF2CB6WyW1YB 9Yg/XsBkKqncMYFMsGqTtQ== 0001002334-02-000100.txt : 20021004 0001002334-02-000100.hdr.sgml : 20021004 20021003185337 ACCESSION NUMBER: 0001002334-02-000100 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20021004 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-27873 FILM NUMBER: 02781452 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/A 1 m02qaed.txt 10QSBA 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, 2002 [ ] 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 29,640,968 - ---------------------------------- ---------------------- Title of Class Number of Shares outstanding at March 31, 2002 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, March 31, 2001 2002 Current Assets - Cash 111,127 9,471 TOTAL ASSETS $ 111,127 $ 9,471 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities - Note payable $ -- 50,000 ------------ -------------- STOCKHOLDERS' EQUITY Common Stock, $.00001 par value; 100,000,000 shares authorized; 24,069,884 and 29,640,968 shares issued and outstanding 241 296 Additional paid-in capital 141,379 141,324 Accumulated deficit during the development stage (30,493) (182,149) TOTAL STOCKHOLDERS' EQUITY 111,127 (40,529) TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 111,127 $ 9,471
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 THREE FROM INCEPTION MONTHS ENDED (Feb. 11, 1997) March 31, TO 2002 2001 March 31, 2002 REVENUES - Interest $ 327 $ 1,557 $ 21,198 OPERATING EXPENSES General and Administrative 151,983 5,139 203,347 TOTAL OPERATING EXPENSES 151,983 5,139 203,347 NET INCOME (LOSS) (151,656) $ (3,582) $ (182,149) NET INCOME (LOSS) PER SHARE $($.01) $ Nil $ (Nil) WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 28,402,948 24,064,884
See accompanying Notes to Financial Statements. 3
SPACE LAUNCHES FIANCING, INC. (A Company in the Development Stage) STATEMENTS OF CASH FLOWS CUMULATIVE FOR THE THREE FROM INCEPTION MONTHS ENDED (Feb. 11, 1997) March 31, TO 2002 2001 March 31, 2002 CASH FLOWS FROM OPERATING ACTIVITIES Net Income (Loss) $ (151,656) $ (3,582) $ (182,149) Adjustment-Decrease in Current Liabilities 50,000 50,000 Net cash flows from operating activities (101,656) (4,336) (132,149) 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 (101,656) (4,336) 9,471 CASH BALANCE AT BEGINNING OF PERIOD 111,127 113,050 0 CASH BALANCE AT END OF PERIOD $ 9,471 $ 108,714 $ 9,471
See accompanying Notes to Financial Statements. 4 SPACE LAUNCHES FINANCING, INC. (A Company in the Development Stage) NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) March 31, 2002 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 March 31, 2002, the results of operations for the three months ended March 31, 2002 and 2001, and the cash flows for the three months ended March 31, 2002 and 2001. Reference is made to the Company's Form 10-KSB for the year ended December 31, 2001. The results of operations for the nine and three months ended March 31, 2002 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2002. The financial statements reflect a one-for-four stock split effected as of February 5, 2002, and the issuance of 5,571,084 shares in a merger transaction which has been rescinded. In connection with the transaction the Registrant incurred a note payable of $50,000 payable to an investment banker. 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: October 2, 2002 By:/s/ Luc Badel ------------- Luc Badel, President and Chief Financial Officer (chief financial officer and accounting officer and duly authorized officer) 6 -----END PRIVACY-ENHANCED MESSAGE-----