Post by Franko10 ™ on Sept 24, 2005 12:46:14 GMT -5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(X) QUARTERLY REPORT UNDER SECTION 13 OR 5(d) OF THE SECURITIES ACT OF 1934:
For the Quarterly Period ended March 31, 2000
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE EXCHANGE ACT
For the transition period from __________________ to __________________
Commission file number 0-26919
CYBER MARK INTERNATIONAL CORP.
-----------------------------------
(Name of Small Business Issuer in Its Charter)
Delaware N/A
- ------------------------------- -----------------------------------
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
359 Enford Road, Unit 1
Richmond Hill, Ontario, Canada L4C 3G2
- --------------------------------------- ---------------------
(Address of Principal Executive Offices) (Zip Code)
Issuer's telephone number: (905) 770-4602
---------------
Indicate by check mark whether the registrant (1) has filed has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 ___
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. YES ____ NO. ____
APPLICABLE ONLY TO CORPORATE ISSUERS
As of May 11, 2000, 6,104,300 shares of the Issuer's Common Stock were
outstanding.
CYBER MARK INTERNATIONAL CORP.
PART I. FINANCIAL INFORMATION Page No.
Item 1. Consolidated Financial Statements:
Consolidated Balance Sheets (Unaudited) as of
March 31, 2000 and December 31, 1999 3
Consolidated Statements of Operations (Unaudited)
for the Three Months Ended March 31, 2000 and 1999 4
Consolidated Statements of Cash Flows (Unaudited)
for Three Months Ended March 31, 2000 and 1999 5
Notes to Consolidated Financial Statements 6
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operation
PART II. OTHER - INFORMATION
Item 6 - Exhibits and Reports on Form 8-K
Cyber Mark International Corp.
Consolidated Balance Sheets
As at March 31, 2000 and December 31, 1999
- --------------------------------------------------------------------------------
March 31, December 31,
2000 1999
ASSETS (Unaudited)
Current
Cash and cash equivalents $ - $ 1,521
Investment tax credits receivable 162,524 163,208
Accounts receivable 16,500 9,281
Inventory 24,376 24,479
Prepaid expenses 4,983 5,004
------------ -------------
Total current assets 208,383 203,493
Property and equipment - net 132,334 142,334
------------ -------------
Total assets $ 340,717 $ 345,827
============ =============
LIABILITIES AND STOCKHOLDERS" EQUITY
(DEFICIT)
Current
Bank indebtedness $ 98,348 $ 48,503
Accounts payable and accrued
liabilities 107,527 126,619
Long-term debt - current portion 150,465 151,098
Advances from shareholder 130,985 77,641
------------ -------------
Total liabilities 487,325 403,861
------------ -------------
STOCKHOLDERS' EQUITY (DEFICIT)
Capital stock 610 610
Additional paid in capital 740,367 740,367
Cumulative translation adjustment (23,073) (41,217)
Deficit (864,512) (757,794)
------------ -------------
Total stockholders" equity (deficit) (146,608) (58,034)
------------ -------------
Total liabilities and stockholders"
equity $ 340,717 $ 345,827
============ =============
The accompanying notes are an integral part of these consolidated
financial statements
Cyber Mark International Corp.
Consolidated Statements of Operations and Deficit
For the Three Months Ended March 31, 2000 and 1999
(Unaudited)
- -------------------------------------------------------------------------------
2000 1999
Revenue
Sales $ - $ 38,972
Other 1,302 22,900
-------------- --------------
1,302 61,872
Cost of sales - 26,789
-------------- --------------
Gross profit 1,302 35,083
-------------- --------------
Expenses
Marketing 30,260 31,756
Research and development 19,047 12,670
Wages and benefits 16,070 30,122
Rent and occupancy 9,180 16,400
Professional fees 8,574 18,974
Interest 6,568 8,210
Office and general 3,589 25,130
Telephone 2,732 2,790
Insurance 2,000 3,300
Depreciation and amortization 10,000 10,590
-------------- --------------
108,020 159,942
-------------- --------------
Net loss $ (106,718) $ (124,859)
============== ==============
Loss per share $ (0.02) $ (0.02)
============== ==============
The accompanying notes are an integral part of these consolidated
financial statements
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(X) QUARTERLY REPORT UNDER SECTION 13 OR 5(d) OF THE SECURITIES ACT OF 1934:
For the Quarterly Period ended March 31, 2000
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE EXCHANGE ACT
For the transition period from __________________ to __________________
Commission file number 0-26919
CYBER MARK INTERNATIONAL CORP.
-----------------------------------
(Name of Small Business Issuer in Its Charter)
Delaware N/A
- ------------------------------- -----------------------------------
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
359 Enford Road, Unit 1
Richmond Hill, Ontario, Canada L4C 3G2
- --------------------------------------- ---------------------
(Address of Principal Executive Offices) (Zip Code)
Issuer's telephone number: (905) 770-4602
---------------
Indicate by check mark whether the registrant (1) has filed has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 ___
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. YES ____ NO. ____
APPLICABLE ONLY TO CORPORATE ISSUERS
As of May 11, 2000, 6,104,300 shares of the Issuer's Common Stock were
outstanding.
CYBER MARK INTERNATIONAL CORP.
PART I. FINANCIAL INFORMATION Page No.
Item 1. Consolidated Financial Statements:
Consolidated Balance Sheets (Unaudited) as of
March 31, 2000 and December 31, 1999 3
Consolidated Statements of Operations (Unaudited)
for the Three Months Ended March 31, 2000 and 1999 4
Consolidated Statements of Cash Flows (Unaudited)
for Three Months Ended March 31, 2000 and 1999 5
Notes to Consolidated Financial Statements 6
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operation
PART II. OTHER - INFORMATION
Item 6 - Exhibits and Reports on Form 8-K
Cyber Mark International Corp.
Consolidated Balance Sheets
As at March 31, 2000 and December 31, 1999
- --------------------------------------------------------------------------------
March 31, December 31,
2000 1999
ASSETS (Unaudited)
Current
Cash and cash equivalents $ - $ 1,521
Investment tax credits receivable 162,524 163,208
Accounts receivable 16,500 9,281
Inventory 24,376 24,479
Prepaid expenses 4,983 5,004
------------ -------------
Total current assets 208,383 203,493
Property and equipment - net 132,334 142,334
------------ -------------
Total assets $ 340,717 $ 345,827
============ =============
LIABILITIES AND STOCKHOLDERS" EQUITY
(DEFICIT)
Current
Bank indebtedness $ 98,348 $ 48,503
Accounts payable and accrued
liabilities 107,527 126,619
Long-term debt - current portion 150,465 151,098
Advances from shareholder 130,985 77,641
------------ -------------
Total liabilities 487,325 403,861
------------ -------------
STOCKHOLDERS' EQUITY (DEFICIT)
Capital stock 610 610
Additional paid in capital 740,367 740,367
Cumulative translation adjustment (23,073) (41,217)
Deficit (864,512) (757,794)
------------ -------------
Total stockholders" equity (deficit) (146,608) (58,034)
------------ -------------
Total liabilities and stockholders"
equity $ 340,717 $ 345,827
============ =============
The accompanying notes are an integral part of these consolidated
financial statements
Cyber Mark International Corp.
Consolidated Statements of Operations and Deficit
For the Three Months Ended March 31, 2000 and 1999
(Unaudited)
- -------------------------------------------------------------------------------
2000 1999
Revenue
Sales $ - $ 38,972
Other 1,302 22,900
-------------- --------------
1,302 61,872
Cost of sales - 26,789
-------------- --------------
Gross profit 1,302 35,083
-------------- --------------
Expenses
Marketing 30,260 31,756
Research and development 19,047 12,670
Wages and benefits 16,070 30,122
Rent and occupancy 9,180 16,400
Professional fees 8,574 18,974
Interest 6,568 8,210
Office and general 3,589 25,130
Telephone 2,732 2,790
Insurance 2,000 3,300
Depreciation and amortization 10,000 10,590
-------------- --------------
108,020 159,942
-------------- --------------
Net loss $ (106,718) $ (124,859)
============== ==============
Loss per share $ (0.02) $ (0.02)
============== ==============
The accompanying notes are an integral part of these consolidated
financial statements