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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT
TO
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) November 30, 2005
Samurai Energy Corp.
(formerly J.R. Bassett Optical, Inc.)
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
033-27651 87-0469497
(Commission File Number) (IRS Employer Identification Number)
11757 Katy Freeway, Suite 1300
Houston, Texas 77079
(Address of principal executive offices)
(713) 771-5500
(Registrant's telephone number, including area code)
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SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
Financial Statements
BALANCE SHEET
November 2, 2005 December 31,
(Unaudited) 2004
Assets
Current Assets $ - $ -
Accounts Receivable 12,013 -
Depreciable Assets-Property 155,000 -
Other Assets - -
Total Assets $ 167,013 $ -
Liabilities & Stockholders' Equity (Deficit)
Current Liabilities
Accounts Payable $ 8,940 $ 1,000
Accrued Expenses Payable 1,500 3,500
Current Maturities of Long-term debt 67,195 -
Total Current Liabilities 77,635 4,500
Long-Term Debt, Net of Current Maturities 87,805 -
Total Liabilities 165,440 4,500
Stockholders' Equity:
Common Stock, $0.001 Par Value, 75,000,000 Shares
Authorized, 37,800,000 and 35,977,367 Shares Issued
and Outstanding 37,800 35,977
Capital Received in Excess of Par Value 27,334 17,657
Retained Earnings (Deficit) ( 63,561) ( 58,134)
Total Stockholders' Equity (Deficit) 1,573 ( 4,500)
Total Liabilities & Stockholders' Equity $ 167,013 $ -
STATEMENT OF OPERATIONS AND RETAINED EARNINGS (DEFICIT)
Ten Months Ended
November 2, 2005 December 31,
(Unaudited) 2004
Net Sales $ 17,317 $ -
Expenses 22,744 8,091
Net Income (Loss) Before Taxes ( 5,427) ( 8,091)
Income Taxes - -
Net Income (Loss) ( 5,427) ( 8,091)
Retained Earnings (Deficit):
Beginning of Period ( 58,134) ( 50,043) End of Period
( 63,561) ( 58,134)
Net Loss per Common Share $ - $ -
Weighted Average Common Shares Outstanding 37,800,000 35,977,367
STATEMENTS OF CASH FLOWS
Ten Months Ended
November 2, 2005 December 31,
(Unaudited) 2004
Cash Flows from Operating Activities:
Net income (loss) $( 5,427) $( 8,091)
Adjustments to reconcile net income to net cash provided
by operating activities:
Expenses and liabilities paid by issuance of stock 11,500 8,091
(Increase) Decrease in current assets ( 12,013) ( -)
Increase (Decrease) in current liabilities 5,940 -
Net Cash Provided by Operating Activities - -
Cash Flows from Financing Activities
Issuance of long-term debt 155,000 -
Cash Flows from Investing Activities
Assignment of property (155,000) -
Net Increase (Decrease) In Cash - -
Cash at Beginning of Period - -
Cash at End of Period $ - $ -
Non-cash Investing and Financing Activities:
Issuance of Stock in Exchange for Services and Payment
of Debt $ 11,500 $ 21,857
Assignment of Property $ 155,000 $ -
Liabilities and Expenses Paid by Issuance of Stock $( 11,500) $( 21,857)
Issuance of Long-term Debt for Assignment of Property $(155,000) $ -
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.
SAMURAI ENERGY CORP.
By: /s/Samuel M. Skipper
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Samuel M. Skipper, President
and Chief Executive Officer
Date: November 30, 2005