SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
[X] Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of 1934
2THEMAX.COM, INC.
(Exact name of registrant as it appears in its charter)
000-30551
(Commission File Number)
NEVADA | 88-0458906 |
(State or jurisdiction of Incorporation or organization) | (I.R.S. Employer Identification No.) |
3216 North Bishop Pine Street, Las Vegas, Nevada 89129
(Address of Principal Executive Office)
(702) 562-7550
Registrant's telephone number, including area code
Securities registered pursuant to Section 12 (b) of the Act: None
Securities registered pursuant to Section 12 (b) of the Act: Class A Common Stock $0.001 Par Value
Indicate by check mark whether the registrant (1) has filed all reports to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or 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
At the end of the quarter ending March 31, 2002 there were 1,500,000 issued and outstanding shares of the registrants common stock.
There is no active market for the registrant's securities.
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PART I. FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS
The Unaudited financial statements for the period ending March 31, 2002.
2THEMAX.COM, INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
MARCH 31, 2002
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2THEMAX.COM, INC.
(A Development Stage Company)
BALANCE SHEET
| March 31, | December 31, |
| ||
ASSETS | $ 0 | $ - |
LIABILITIES AND STOCKHOLDER'S EQUITY |
|
|
Accrued expense | $ 400 | $ - |
STOCKHOLDER'S EQUITY |
|
|
Common stock, $0.001 par value; | ||
|
| |
1,500 | 1,500 | |
Additional paid-in capital | 2,550 | 2,550 |
the development stage | (4,450) | (4,050) |
Total stockholder's equity | (400) | - |
Total liabilities and stockholder's equity | $ - | $ - |
The accompanying notes are an integral part of these financial statements.
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2THEMAX.COM, INC.
(A Development Stage Company)
STATEMENT OF OPERATIONS
(UNAUDITED)
Three Months | Three Months | April 20, 2000 (Inception) March 31, 2002 | |
Revenue | $ - | $ - | $ - |
General and administrative expenses | 400 | 500 | 4,450 |
Loss from operations before provision for income taxes | (400) | (500) | (4,450) |
Provision for income taxes | - | - | - |
Net loss | $ (400) | $ (500) | $ (4,450) |
Net loss per share - basic and diluted | $ - | $ - | $ - |
Weighted average number of common shares | |||
1,500,000 | 1,500,000 | 1,500,000 |
The accompanying notes are an integral part of these financial statements.
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2THEMAX.COM, INC.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
(UNAUDITED)
Three Months | Three Months | April 20, 2000 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net loss | $ (400) | $ (500) | $ (4,450) |
Stock issued for services | - | - | 1,500 |
Accrued expense | 400 | - | 400 |
Expenses paid by shareholder | - | 500 | 2,550 |
NET CASH USED IN OPERATING ACTIVITIES | - | - | - |
CASH AND CASH EQUIVALENTS | - | - | - |
CASH AND CASH EQUIVALENTS | $ - | $ - | $ - |
SUPPLEMENTAL INFORMATION:
During the period April 20, 2000 (inception) to March 31, 2002, the Company paid no cash for interest or income taxes.
The accompanying notes are an integral part of these financial statements.
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2THEMAX.COM, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDER'S EQUITY
|
|
| Deficit |
| |
Balance, April 20, 2000 | - | $ - | $ - | $ - | $ ``` |
Issuance of shares for services - April 20, 2000 | 1,500,000 | 1,500 | - | - | 1,500 |
Expenses paid by stockholder | - | - | 500 | - | 500 |
Net Loss | - | - | - | (2,000) | (2,000) |
Balance, December 31, 2000 | 1,500,000 | 1,500 | 500 | (2,000) | - |
Expenses paid by stockholder | - | - | 2,050 | - | 2,050 |
Net loss | - | - | - | (2,050) | (2,050) |
Balance, December 31, 2001 | 1,500,000 | 1,500 | 2,550 | (4,050) | - |
Net loss (unaudited) | - | - | - | (400) | (400) |
Balance, March 31, 2002 (unaudited) | 1,500,000 | $ 1,500 | $ 2,550 | $ (4,450) | $ (400) |
The accompanying notes are an integral part of these financial statements.
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2THEMAX.COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2002
NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations
2TheMax.Com, Inc. (the "Company") is currently a development-stage company under the provisions of the Financial Accounting Standards Board ("FASB") Statement of Financial Accounting Standards ("SFAS") No. 7. The Company was incorporated under the laws of the state of Nevada on April 20, 2000.
Interim Financial Information
The accompanying unaudited interim financial statements have been prepared by the Company, in accordance with generally accepted accounting principles pursuant to Regulation S-B of the Securities and Exchanges Commission. Certain information and footnote disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Accordingly, these interim financial statements should be read in conjunction with the Company's financial statements and related notes as contained in Form 10-KSB for the year ended December 31, 2001. In the opinion of management, the interim financial statements reflect all adjustments, including normal recurring adjustments, necessary for fair presentation of the interim periods presented. The results of operations for the three months ended March 31, 2002 are not necessarily indicative of results of operations to be expected for the full year.
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Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.
Results of Operations
The Company has had no operations during this quarter.
PART II. OTHER INFORMATION
Item 1. Legal Proceedings.
None
Item 2. Changes in Securities
None
Item 3. Default 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.
None.
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.
Dated: May 21, 2002 | 2THEMAX.COM, INC. |
| By: /s/Catherine S. Ratelle |
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