UNITED STATES
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 (Date of earliest event reported) 11/07/03
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
--------------------------
(Exact name of registrant as specified in its charter)
FLORIDA 333-108429 65-1023185
------- ---------- ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2401 E. ATLANTIC BLVD., SUITE 314, POMPANO BEACH, FL 33062
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(Address of principal executive offices)
Registrant's telephone number, including area code (954) 782-5006
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2003 AND 2002
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONTENTS
PAGE 1 CONDENSED BALANCE SHEETS AS OF SEPTEMBER 30, 2003 AND 2002
(UNAUDITED)
PAGE 2 CONDENSED STATEMENTS OF OPERATIONS FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 2003 AND 2002 AND FOR THE PERIOD FROM JULY 6, 2000
(INCEPTION) TO SEPTEMBER 30, 2003 (UNAUDITED)
PAGE 3 CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD
FROM JULY 6, 2000 (INCEPTION) TO SEPTEMBER 30, 2003 (UNAUDITED)
PAGE 4 CONDENSED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 2003 AND 2002 AND FOR THE PERIOD FROM JULY 6, 2000
(INCEPTION) TO SEPTEMBER 30, 2003 (UNAUDITED)
PAGE 5 NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED BALANCE SHEETS
AS OF SEPTEMBER 30, 2003 AND 2002
(UNAUDITED)
ASSETS
------
2003 2002
-------- --------
CURRENT ASSETS
Cash $ 15,207 $ --
Prepaid expenses 1,982 --
-------- --------
Total Current Assets 17,189 --
OTHER ASSETS
Prepaid offering costs 8,370 --
-------- --------
TOTAL ASSETS $ 25,559 $ --
======== ========
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
----------------------------------------
CURRENT LIABILITIES
Accounts payable and accrued expenses $ 37,318 $ --
-------- --------
TOTAL CURRENT LIABILITIES 37,318 --
-------- --------
STOCKHOLDERS' DEFICIENCY
Common stock, $0.001 par value, 120,000,000
shares authorized, 15,000,000 and -0-
shares issued and outstanding, respectively 15,000 --
Additional paid in capital 15,703 544
Accumulated deficit during development stage (42,462) (544)
-------- --------
Total Stockholders' Deficiency (11,759) --
-------- --------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY $ 25,559 $ --
======== ========
See accompanying notes to condensed financial statements.
-1-
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
For The
For The For The Period From
Nine Months Nine Months July 6, 2000
Ended Ended (Inception) To
September 30, September 30, September 30,
2003 2002 2003
----------- ------------ -----------
OPERATING EXPENSES
Officers salary $ 34,666 $ -- $ 34,666
Professional fees 4,000 -- 4,000
General and administrative
3,252 159 3,796
----------- ----------- -----------
Total Operating Expenses 41,918 159 42,462
----------- ----------- -----------
LOSS FROM OPERATIONS (41,918) (159) (42,462)
Provision for Income Taxes -- -- --
----------- ----------- -----------
NET LOSS $ (41,918) $ (159) $ (42,462)
=========== =========== ===========
Net loss per share - basic and diluted $ (0.01) $ -- $ (0.04)
=========== =========== ===========
Weighted average number of shares
outstanding during the period - basic
and diluted 4,802,372 -- 1,046,512
=========== =========== ===========
See accompanying notes to condensed financial statements.
-2-
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENT OF STOCKHOLDERS' DEFICIENCY
FOR THE PERIOD FROM JULY 6, 2000 (INCEPTION) TO SEPTEMBER 30, 2003
(UNAUDITED)
Accumulated
Deficit
Common Stock Additional During
Paid-In Development
Shares Amount Capital Stage Total
---------- ---------- ---------- ---------- ----------
In-kind contribution -- $ -- $ 226 $ -- $ 226
Net loss for the period
from July 6, 2000
(inception) to
December 31, 2000 -- -- -- (226) (226)
---------- ---------- ---------- ---------- ----------
Balance, December 31, 2000 -- -- 226 (226) --
In-kind contribution -- -- 159 -- 159
Net loss for the year 2001 -- -- -- (159) (159)
---------- ---------- ---------- ---------- ----------
Balance, December 31, 2001 -- -- 385 (385) --
In-kind contribution -- -- 159 -- 159
Net loss for the year 2002 -- -- -- (159) (159)
---------- ---------- ---------- ---------- ----------
Balance, December 31, 2002 -- $ -- $ 544 $ (544) $ --
In-kind contribution -- -- 159 -- 159
Stock issued for cash
($0.002 per share) 15,000,000 15,000 15,000 -- 30,000
Net loss for the nine months ended
September 30, 2003 -- -- -- (41,918) (41,918)
---------- ---------- ---------- ---------- ----------
BALANCE, SEPTEMBER 30, 2003 15,000,000 $ 15,000 $ 15,703 $ (42,462) $ (11,759)
========== ========== ========== ========== ==========
See accompanying notes to condensed financial statements.
-3-
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
For The
For The For The Period From
Nine Months Nine Months July 6, 2000
Ended Ended (Inception) To
September 30, September 30, September 30,
2003 2002 2003
-------- -------- --------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $(41,918) $ (159) $(42,462)
Adjustments to reconcile net loss
to net cash used in operating activities:
In-kind contribution 159 159 703
Changes in operating assets and liabilities:
Increase in prepaid expenses (1,982) -- (1,982)
Increase in prepaid offering costs (8,370) -- (8,370)
Increase in accounts payable and
accrued expenses 37,318 -- 37,318
-------- -------- --------
Net Cash Used In Operating Activities (14,793) -- (14,793)
-------- -------- --------
CASH FLOWS FROM INVESTING ACTIVITIES -- -- --
-------- --------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock 30,000 -- 30,000
-------- -------- --------
Net Cash Provided By Financing Activities 30,000 -- 30,000
-------- -------- --------
NET INCREASE IN CASH 15,207 -- 15,207
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD -- -- --
-------- -------- --------
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 15,207 $ -- $ 15,207
======== ======== ========
See accompanying notes to condensed financial statements.
-4-
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2003 (UNAUDITED)
NOTE 1 BASIS OF PRESENTATION
The accompanying unaudited condensed financial statements have been
prepared in accordance with accounting principles generally accepted
in the United States of America and the rules and regulations of the
Securities and Exchange Commission for interim financial information.
Accordingly, they do not include all the information necessary for a
comprehensive presentation of financial position and results of
operations.
It is management's opinion however, that all material adjustments
(consisting of normal recurring adjustments) have been made which are
necessary for a fair financial statement presentation. The results for
the interim period are not necessarily indicative of the results to be
expected for the year.
NOTE 2 STOCKHOLDERS' EQUITY
(A) COMMON STOCK ISSUED FOR CASH
During July 2003, the Company issued 15,000,000 shares of common stock
for cash of $30,000 ($0.002 per share).
(B) IN-KIND CONTRIBUTION
During 2003, a stockholder of the Company paid $159 of operating
expenses on behalf of the Company (See Note 3).
NOTE 3 RELATED PARTY TRANSACTIONS
A stockholder of the Company paid $703 of expenses on behalf of the
Company from inception (See Note 2).
-5-
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 hereunto duly authorized.
DIRECT CASKET DELIVERY AND DISTRIBUTION CORPORATION
(Registrant)
Dated: Nov. 7, 2003 By /s/ DON A PARADISO
-----------------
Don A. Paradiso
Chairman of the Board