SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended June 30, 2002.
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the transition
period from to .
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Commission file number: 0-29325
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ALEXANDRIA HOLDINGS, INC.
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(Exact name of small business issuer as specified in its charter)
Nevada 87-0643633
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1403 East 900 South, Salt Lake City, Utah 84105
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(Address of principal executive office) (Zip Code)
(801) 582-9609
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(Issuer's telephone number)
Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 XX No
The number of outstanding shares of the issuer's common stock, $0.001 par value
(the only class of voting stock), as of July 16, was 6,562,500.
TABLE OF CONTENTS
PART I
ITEM 1. FINANCIAL STATEMENTS.....................................................................................3
Unaudited Balance Sheet as of June 30, 2002.......................................................................4
Unaudited Statement of Operations for the three and six months ended June 30, 2002 and 2001
and the period since Date of Inception to June 30, 2002...........................................................5
Unaudited Statement of Cash Flows for the six months ended June 30, 2002 and 2001 and the
period since Date of Inception to June 30, 2002...................................................................7
Notes to Unaudited Financial Statements...........................................................................8
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION................................................9
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.........................................................................9
SIGNATURES.......................................................................................................10
INDEX TO EXHIBITS................................................................................................11
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PART I
ITEM 1. FINANCIAL STATEMENTS
As used herein, the term "Company" refers to Alexandria Holdings, Inc., a Nevada
corporation unless otherwise indicated. Unaudited interim financial statements
including a balance sheet for the Company as of June 30, 2002, statement of
operations, and statement of cash flows for the interim period up to the date of
such balance sheet and comparable periods of the preceding year, and the period
since inception are attached hereto as Pages 4 through 7 and are incorporated
herein by this reference.
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Alexandria Holdings, Inc.
(A Developmental Stage Company)
Unaudited Balance Sheet
As of June 30, 2002
June 30, 2002
(unaudited)
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ASSETS
Current Assets - cash $ 66
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Total Current Assets 66
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LIABILITIES AND STOCK HOLDERS' EQUITY
Current Liabilities:
Accounts Payable 6,084
Accounts Payable / Related Parties 2,500
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Total Current Liabilities 8,584
Stockholders' Deficit
Preferred stock ($.001 par value), 5,000,000 shares authorized;
no shares issued and outstanding
Common stock ($.001 par value) 45,000,000 shares authorized;
6,562,500 shares issued and outstanding June 30, 2002 6,563
Additional paid in capital 2,799
Accumulated Deficit (17,880)
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Total stockholders' deficit (8,518)
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TOTAL LIABILITIES AND EQUITY $ 66
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The accompanying notes are an integral part of these financial statements
4
Alexandria Holdings, Inc.
(A Developmental Stage Company)
Unaudited Statements of Operations
For The Three Months Ended June 30, 2002 and June 30, 2001
and
For the period of Inception (December 7, 1999) to June 30, 2002
Three
Three Months Months December 7, 1999
Ended Ended (inception) to
June 30, 2002 June 30, 2001 June 30, 2002
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Revenues $ - $ - $ -
General and Administrative Costs 504 2,581 17,880
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(504) (2,581) (17,880)
Income Tax Expense - - -
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Net Loss (504) (2,581) (17,880)
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Loss per common share-basic and diluted $ - $ - $ -
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Weighted average common shares basic
and diluted 6,562,500 6,563,000
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The accompanying notes are an integral part of these financial statements
5
Alexandria Holdings, Inc.
(A Developmental Stage Company)
Unaudited Statements of Operations
For The Six Months Ended June 30, 2002 and 2001
Six Months Six Months
Ended Ended
June 30, 2002 June 30, 2001
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Revenues $ - $ -
General and Administrative Costs 3,062 (2,848)
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Net Loss (3,062) (2,848)
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Loss per common share-basic and diluted $ - $ -
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Weighted average common shares basic and diluted 6,562,500 6,563,000
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The accompanying notes are an integral part of these financial statements
6
Alexandria Holdings, Inc.
(A Developmental Stage Company)
Unaudited Statements of Cash Flows
For The Six Months Ended June 30, 2002 and June 30, 2001
and
For the period of Inception (December 7, 1999 to June 30, 2002
Six Months Six Months December 7,
Ended Ended 1999
June 30, June 30, (inception) to
2002 2001 June 30, 2002
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CASH FLOW FROM OPERATING ACTIVITIES
Net Income $ (3,062) $ (2,848) $ (17,880)
Adjustments to reconcile Net Income to Net Cash
provided by (used in) operations:
Stock compensation expense - - 5,007
Increase (decrease) in accounts payable/accrued
expenses 3,032 (570) 6,084
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Net cash provided by (used in) Operating Activities (30) (3,418) (6,789)
CASH FLOWS FROM INVESTING
ACTIVITIES - - -
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CASH FLOW FROM FINANCING ACTIVITIES
Increase in related party receivable - - 2,500
Decrease in stock subscription receivable - - 445
Issuance of Common Stock - 3,000 3,910
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Net cash provided by (used in) Financing Activities - 3,000 6,855
NET CASH INCREASE (DECREASE) $ (30) $ (418) $ 66
CASH, BEGINNING OF PERIOD 96 547
CASH, END OF PERIOD $ 66 $ 129 $ 66
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The accompanying notes are an integral part of these financial statements
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ALEXANDRIA HOLDINGS, INC
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS
June 30, 2002
1. Basis of Presentation
The accompanying unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and, therefore, do
not include all information and footnotes required by generally accepted
accounting principles and should, therefore, be read in conjunction with the
Company's Form 10-KSB for the year ended December 31, 2001, filed with the
Securities and Exchange Commission. These statements do include all normal
recurring adjustments which the Company believes necessary for a fair
presentation of the statements. The interim operations results are not
necessarily indicative of the results for the full year ended December 31, 2002.
2. Additional footnotes included by reference
Except as indicated in Notes above, there have been no other material changes in
the information disclosed in the notes to the financial statements included in
the Company's Form 10-KSB for the year ended December 31, 2001, filed with the
Securities and Exchange Commission. Therefore, those footnotes are included
herein by reference.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Plan of Operations
The Company's plan of operation for the coming year is to identify and acquire a
favorable business opportunity. The Company does not plan to limit its options
to any particular industry, but will evaluate each opportunity on its merits.
The Company anticipates that its owners, affiliates, and consultants will
provide it with sufficient capital to continue operations until the end of the
current fiscal year, but there can be no assurance that this expectation will be
fully realized.
The Company does not expect to generate any meaningful revenue or incur
operating expenses unless and until it acquires an interest in an operating
company.
PART II
ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits Exhibits required to be attached by Item 601 of Regulation S-B
are listed in the Index to Exhibits on page 10 of this Form 10-QSB, and
are incorporated herein by this reference.
(b) Reports on Form 8-K. No reports on Form 8-K were filed during the
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period covered by this Form 10-QSB.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, hereunto duly
authorized, this 18th day of July, 2002.
ALEXANDRIA HOLDINGS, INC.
/s/ Ruairidh Campbell July 18, 2002
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Ruairidh Campbell Date
President, Chief Financial Officer, and Director
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INDEX TO EXHIBITS
EXHIBIT PAGE
NO. NO. DESCRIPTION
3(i) * Articles of Incorporation of the Company
(incorporated herein by reference
from Exhibit No. 3(i) of the Company's
Form 10-SB as filed with the Securities and
Exchange Commission on February 3, 2000).
3(ii) * Bylaws of the Company, (incorporated
herein by reference from Exhibit 3(ii) of
the Company's Form 10-SB as filed with the
Securities and Exchange Commission on
February 3, 2000).
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