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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
August 29, 1996
Amending the Report filed on April 10, 1996
AMAZON NATURAL TREASURES, INC.
formerly, Concord Capital, Inc.
(Exact name of registrant as specified in its charter)
UTAH
(State or other jurisdiction of incorporation)
33-26109 87-0460880
(Commission File No.) (IRS Employer ID)
6020 S. Spencer Street
Suite B-7
Las Vegas, Nevada 89119
(Address of principal executive offices and Zip Code)
(702) 795-7100
(Registrant's telephone number, including area code)
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ITEM 7. Financial Statements and Exhibits
(a)(4) The Pro-Forma Financial Data is provided herein.
(b) The following exhibits are hereby made part of this
Form 8-K:
N/A
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SIGNATURE
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 hereunto duly authorized.
AMAZON NATURAL TREASURES, INC.
BY: /s/ Michael Sylver, President
DATED: August 29, 1996
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AMAZON NATURAL TREASURES, INC.
Pro-Forma Financial Statements
December 31, 1995
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Shareholders
Amazon Natural Treasures, Inc.
The following unaudited consolidated pro-forma balance sheet
as of December 31, 1995, gives effect to the Stock Exchange
Agreement as if the transactions contemplated therein had been
effective as of December 31, 1995, and has been derived from the
unaudited balance sheets of Amazon Natural Treasures, Inc. as of
December 31, 1995 and the audited balance sheet of Concord Capital,
Inc., as of December 31, 1995.
The following consolidated pro-forma statement of operations
has been derived from the audited statements of operations of
Amazon Natural Treasures, Inc., and has been prepared on the
assumption that the transactions contemplated by the Stock Exchange
Agreement had occurred at the beginning of the year presented.
In connection with the Stock Exchange Concord Capital, Inc.,
changed its name to Amazon Natural Treasures, Inc. and the
shareholders of Amazon Natural Treasures, Inc., (a Nevada privately
held Corporation) received 6,100,000 shares of Amazon Natural
Treasures, Inc., (formerly Concord Capital, Inc., a Utah publicly
held Corporation). Following the stock exchange, shareholders of
Amazon Natural Treasures, Inc., (Nevada Corporation) will have
approximately 95% of the outstanding shares of the Amazon Natural
Treasures, Inc., (Utah Corporation), and the officers and board of
directors of the Utah Corporation will be appointed similar to
those of the Nevada Corporation. Because the shareholders of the
Nevada Corporation control the combined entity the acquisition is
being treated as a "reverse acquisition" for accounting purposes
using the purchase method of accounting.
In management's opinion, all adjustments necessary to reflect
the effect of the Stock Exchange Agreement have been made. The
pro-forma adjustments shown below represent amounts based on
available information regarding each entity's assets. The
consolidated pro-forma statements of operations are not necessarily
indicative of the result of operations of the combined entities had
the acquisition been consummated on the date indicated, or the
results of future operations, nor does it purport to represent the
future financial position of Amazon Natural Treasures, Inc.. The
consolidated pro-forma statements should be read in conjunction
with the historical financial statements and the notes thereto, of
the combining entities.
/s/ Schvaneveldt and Company
Salt Lake City, Utah
August 26, 1996
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AMAZON NATURAL TREASURES, INC.
Pro-Forma Balance Sheet -Unaudited-
December 31, 1995
ASSETS
Amazon Acquisition
Concord Natural of Amazon
Capital Treasures Adjust- Natural
Inc. Inc. ments Treasures Combined
Current Assets
Cash $ 3,640 $ 4,482 $ 8,122
Inventory 7,681 7,681
------- ------- ------- -------- -------
Total Current
Assets 3,640 12,163 15,803
Fixed Assets
Furniture &
Equipment Net 61,222 61,222
Other Assets
Organization
Costs 50 7,794 7,844
Deposits 1,694 1,694
Deferred Debt 9,521 9,521
------ ------- -------- -------- -------
Total Other
Assets 50 9,488 9,521 19,059
------ ------- -------- -------- -------
TOTAL ASSETS $ 3,690 $ 82,873 $ -0- $ 9,521 $ 96,084
====== ======= ======== ======== =======
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AMAZON NATURAL TREASURES, INC.
Pro-Forma Balance Sheet -Unaudited- - Continued-
December 31, 1995
LIABILITIES & STOCKHOLDERS' EQUITY
Amazon Acquisition
Concord Natural of Amazon
Capital Treasures Adjust- Natural
Inc. Inc. ments Treasures Combined
Current Liabilities
Accounts
Payable $13,211 $ 13,211
Stockholders' Equity
Common Stock,
1,000,000 Shares
Issued Prior to
Exchange of Shares
6,400,000 Shares
Outstanding After
the Acquisition 1,000 5,400 6,400
Common Stock of
Concord Capital,
Inc. 2,810 (2,810)
Stock Shares
Prescribed 16,500 (16,500)
Paid-In
Capital 69,706 99,850 (5,400) (69,706) 94,450
Retained Earnings
(Deficit) (98,537) (17,977) 98,537 (17,977)
------- -------- ------- ------- ---------
Total Stockholders'
Equity (9,521) 82,873 9,521 82,873
------- -------- ------- ------- ---------
TOTAL LIABILITIES
& STOCKHOLDERS'
EQUITY $ 3,690 $ 82,873 $ -0- $ 9,521 $ 96,084
====== ======= ======= ======== =========
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AMAZON NATURAL TREASURES, INC.
Pro-Forma Statement of Operations -Unaudited-
For the Year December 31, 1995
Amazon
Natural
Treasures,
Inc. Combined
Revenues
Sales $ 6,060 $ 6,060
Cost of Sales 2,883 2,883
---------- ----------
Gross Profit 3,177 3,177
Expenses
Advertising 2,732 2,732
Amortization & Depreciation 1,827 1,827
Rent 5,107 5,107
Telephone 3,768 3,768
Travel 6,133 6,133
Administrative Expenses 1,587 1,587
---------- ----------
Total Expenses 21,154 21,154
---------- ----------
Loss $ (17,977) $ (17,977)
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AMAZON NATURAL TREASURES, INC.
Pro-Forma Journal Entries to
Acquire Amazon Natural Treasures, Inc.
by Concord Capital, Inc.
December 31, 1995
Debits Credits
Acquisition of Concord Capital, Inc.
Common Stock - Concord $ 2,810
Shares Subscribed - Concord 16,500
Paid In Capital - Concord 69,706
Retained Earnings $ 98,537
Deferred Debt 9,521
Adjusting Entry
Paid In Capital 5,400
Common Stock 5,400
To adjust combined common shares to be
par value of shares issued
On March 28, 1996, shareholders of Amazon Natural Treasures,
Inc., a Nevada privately held Corporation exchanged 40,000,000
shares of common stock for 6,100,000 shares of Concord Capital,
Inc., a Utah publicly held Corporation. Immediately prior to the
issuance of the 6,100,000 shares to the stockholders of Amazon
Natural Treasures, Inc., the Board of Directors of Concord Capital,
Inc., did a "reverse stock split of one share of common stock for
28." 4,087 shares common stock. Prior to the reverse split there
were 8,522,614 shares outstanding and after the reverse split there
were 300,000 shares outstanding. The new Board of Directors
changed the name of Concord Capital, Inc., to Amazon Natural
Treasures, Inc. The Corporation remains domiciled in the state of
Utah, but has business operations in Nevada.