-----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, PGu0C+fHYetPqpASrMPYxCoP4q+PX6HrcX7qn6bsjJ6fE2HU+sX4jlM2yV6bxYKC GTPgUVtO1o1ePBsh81fuEg== /in/edgar/work/0000824430-00-000021/0000824430-00-000021.txt : 20001114 0000824430-00-000021.hdr.sgml : 20001114 ACCESSION NUMBER: 0000824430-00-000021 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL WOOD CORP CENTRAL INDEX KEY: 0000824430 STANDARD INDUSTRIAL CLASSIFICATION: [0800 ] IRS NUMBER: 943030021 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 033-17966-LA FILM NUMBER: 759962 BUSINESS ADDRESS: STREET 1: 8833 SUNSET BLVD STREET 2: SUITE 200 CITY: W HOLLYWOOD STATE: CA ZIP: 90069 BUSINESS PHONE: 3102894947 MAIL ADDRESS: STREET 1: 8833 SUNSET BLVD STREET 2: SUITE 200 CITY: W HOLLYWOOD STATE: CA ZIP: 90069 FORMER COMPANY: FORMER CONFORMED NAME: XANTHIC ENTERPRISES INC DATE OF NAME CHANGE: 19970319 10-Q/A 1 0001.txt United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q/A QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period ended September 30, 2000 Commission File No. 33-17966-LA INTERNATIONAL WOOD CORPORATION A Colorado Corporation EIN: 94-3030021 8833 Sunset Blvd., Suite 200 West Hollywood, CA 90069 Telephone: 310-289-4947 Former name: XANTHIC ENTERPRISES, INC. Former address: 8833 Sunset Blvd., Suite 200 West Hollywood, CA 90069 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), and (2) has been subject to such filing requirements for the past 90 days. Yes x No The number of issued and outstanding common shares as of September 30, 2000 was 24,189,201. PART 1 FINANCIAL INFORMATION Item 1. Unaudited Financial Statements. INTERNATIONAL WOOD CORPORATION (a development stage company) BALANCE SHEET September 30, 2000 SEPTEMBER 30, 2000 (unaudited) ASSETS Current assets: Cash $ 343 Residential real estate held for sale 1,450,000 Investment in Norwest S.A. 2,000 --------- TOTAL ASSETS $ 1,452,343 ========= LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable 80,017 Accrued expenses 126,114 Shareholder loan 137,500 Mortgage loan 856,000 -------- Total current liabilities 1,199,631 ---------- Stockholders' Equity (Deficit): Common stock, $.0001 par value, 50,000,000 shares authorized, 24,189,201 shares issued and outstanding 2,419 Additional paid in capital 670,880 Deficit accumulated during the development stage (420,587) --------- TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 252,712 --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,452,343 =========== INTERNATIONAL WOOD CORPORATION (a development stage company) STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 SEPTEMBER 30, SEPTEMBER 30, 2000 1999 (unaudited) (unaudited) Revenues $ - $ - Operating expenses General and administrative (99,881) (39,223) -------- -------- Loss from operations (99,881) (39,223) Other Income (Expenses) Interest expense (80,342) _ -------- -------- Total other income (expenses) (80,342) _ -------- --------- Net loss $ (180,223) $ (39,223) ========= ========== Net loss per common share $ (0.007) $ (0.002) ========= ========== Weighted average number of shares outstanding 24,189,201 22,739,201 ========== ========== INTERNATIONAL WOOD CORPORATION (a development stage company) STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
Accumulated Deficit During Common Stock Paid in Development Shares Amount Capital Stage Total BALANCE, December 31, 1998 22,589,201 $ 2,259 $ 27,040 $ (104,770) $ (75,471) Stock Issues 150,000 15 34,985 35,000 Net loss for the nine months _ _ - (39,223) (39,223) ---------- ------ -------- ---------- -------- BALANCE, Sept. 30, 1999 22,739,201 $ 2,274 $ 62,025 $ (143,993) $ (79,694) ========== ======= ========= ======== ======== BALANCE, December 31, 1999 24,039,201 $ 2,404 $655,895 $ (240,364) $417,935 Shares issued for services 150,000 15 14,985 - 15,000 Net loss for the nine months _ _ _ (180,223) (180,223) ---------- ------- ------ -------- --------- BALANCE, Sept. 30, 2000 24,189,201 $ 2,419 $ 670,880 $(420,587) $ 252,712 ========== ======== ======== ========== ==========
INTERNATIONAL WOOD CORPORATION (a development stage company) STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 SEPTEMBER 30, SEPTEMBER 30, 2000 1999 (unaudited) (unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (180,223) $ (39,223) Adjustments to reconcile net income to net cash provided by (used in) operating activities: Changes in operating assets and liabilities: Accounts payable and Accrued expenses 130,660 (11) Stock issued for services 15,000 10,000 --------- --------- Net cash used in operating activities (34,563) (29,212) --------- -------- CASH FLOWS FROM FINANCING ACTIVITIES Shareholder loan 4,212 Sale of stock 25,000 --------- ------- Net cash provided by financing activities - 29,212 --------- ------- Net increase (decrease) in cash Cash, beginning of period 34,906 - -------- -------- Cash, end of period $ 343 $ - ======== ======== Non-cash transactions Stock issued for consulting services $ 15,000 $ 10,000 ======== ======== Item 2. Management's Discussion and Analysis of Financial Condition and Results of Plan of Operation. (1) Liquidity. We have little cash and no liquidity. (2) Capital Resources. Due to the acquisition of Norwest S.A. we have substantial assets which we plan to use to arrange financing for our business. We plan to use the residential real estate to assist to to arrange financing for our business. (3) Results of Operations. We have not operated during the past fiscal quarter and there are no results of operations. Part II Other Information Item 1. Legal Proceedings. There are no pending legal proceedings except as set forth in the 10-K for the year ended December 31, 1999. Item 4. Submission of Matters to a Vote of Security holders. There were no submissions to shareholders during the quarter ended September 30, 1999 Item 6. Exhibits and Reports on Form 8-K. (a) Exhibits 27 Financial Data Schedule (b) Reports on Form 8-K. There were no reports on Form 8-K during the quarter. EX-27 2 0002.txt ART 5 FDS FOR QUARTER ENDED SEPTEMBER 30, 2000 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CORPORATIONS FINANCIAL STATEMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2000, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1 QUARTER DEC-31-1999 SEPT-30-2000 343 2,000 0 0 1,450,000 0 0 0 1,452,343 1,199,631 0 0 0 2,419 250,293 1,452,343 0 0 0 0 99,881 0 80,342 (180,223) 0 0 0 0 0 (180,223) (.007) (.007) -----END PRIVACY-ENHANCED MESSAGE-----