SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K 12g3
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: April 25, 2002
S.D.E. HOLDINGS 3, INC.
--------------------------------
(New name of registrant as specified in its charter)
(successor registrant under Sec. 12(g)3 of the Securities Exchange Act of 1934)
FLORIDA 33-41063-A 59-2960590
- - ----------------- ------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.
incorporation post-merger)
post-merger)
3816 W. Linebaugh Avenue, Suite 200, Tampa, FL 33624
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(NEW ADDRESS)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (813) 960-0557
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
None.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None.
ITEM 5. OTHER EVENTS
None.
ITEM 6. RESIGNATION AND APPOINTMENT OF OFFICERS AND DIRECTORS
None.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS, & EXHIBITS
ProForma Consolidated Financial Statements for period ended December 31,
2001 for S.D.E. Holdings 3, Inc. and Global Assets & Services, Inc.
Exhibits - 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.
Date: April 25, 2002 S.D.E. HOLDINGS 3, INC.
By:/s/Thomas McCrimmon
---------------------------
Thomas McCrimmon, President
PRO FORMA CONMBINED BALANCE SHEETS
(December 31, 2001)
Global Assets SDE 3 Pro Forma Pro Forma
2001 2001 Adjustments Combined
------------ ---------- -------------------------
ASSETS;
Current Assets:
Cash $ 100 $ - 0 $ - - $-100
------------ ---------- ----------- -----------
Total Current Assets 100 - 100
------------ ---------- ----------- -----------
TOTAL ASSETS $ 100 $ - 0 $ - - $ 100
============ ========== =========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable and Accrued Liabilities $ 36,162 $ 20 $ (20) $ 36,162
------------ ---------- ----------- -----------
Total Current Liabilities 36,162 20 (20) 36,162
------------ ---------- ----------- -----------
Stockholders Equity:
Common stock, $.001 par value, 100,000,000 shares
authorized, 7,797,767 shares issued and outstanding 7,797 200 (200) 7,797
for 2001 and 4,397,767 shares oustanding for 2000.
Additional Paid-In Capital 204,566 - 200 204,766
Deficit accumulated during the
development stage (248,425) (220) 20 (248,625)
------------ ---------- ----------- -----------
------------ ----------
Total Stockholders Equity (36,062) (20) 20 (36,062)
------------ ---------- ----------- -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 100 $ - 0 $ - - $ 100
============ ========== =========== ===========
The accompanying notes are an integral part of these financial statements.
PRO FORMA COMBINED STATEMENT OF OPERATIONS
(Year Ended December 31, 2001)
Pro Forma
Global Assets SDE 3 Combined
----------------------------------------
2001 2001 Companys
----------------- ----------------- -----------------
Revenue:
Revenue $ - $ - $ -
(Less) Cost of Sales - - -
----------------- ----------------- -----------------
Total Income - - -
Operating Expenses
Doubtful Accounts - - -
Consultants Fees 3,400 - 3,400
Legal and Accounting Fees 36,062 - 36,062
Advertising - - -
Interest Expense - - -
Telephone - - -
Rent - - -
Other General Expenses - - -
----------------- ----------------- -----------------
Total Expenses 39,462 - 39,462
----------------- ----------------- -----------------
Net Loss From Operations (39,462) - (39,462)
----------------- ----------------- -----------------
Other Income
Interest Income - - -
----------------- ----------------- -----------------
Net Loss $ (39,462) $ - $ (39,462)
================= ================= =================
Per Share Information:
Weighted average number
of common shares outstanding 4,523,778
-----------------
Net Gain (Loss) per common share $ (0.01)
=================
Cash flow provided by (used for):
Operating activities (3,300) - (3,300)
Non-cash transactions 3,400 - 3,400
----------------- ----------------- -----------------
The accompanying notes are an integral party of these financial statements.
GLOBAL ASSETS AND SERVICES, INC.
(Formerly Art, Music and Entertainment, Inc.)
(A Development Stage Company)
Stockholders' Equity
Deficit
PREFFERED STOCKS COMMON STOCKS Additional Accum. During Total
Paid-In Development Stockholders'
# of Shares Amount # of Shares Amount Capital Stage Equity
------ ----------- ------
----------- ------ ----------- ------ ------- ----- ------
Balance December 31, 1995 - - 3,575,268 $ 3,575 $ 87,810 $ (132,399) $ (41,014)
Issuance for Merger 693,221 55,556,100 66,533 67 (67) - 55,556,100
Reverse merger (486,754) (48,675,400) - - - - (48,675,400)
Deduction other assets - (6,763,122) - - - - (6,763,122)
Loss for year - - - - - (72,473) (72,473)
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 1996 206,467 117,578 3,641,801 3,642 87,743 (204,872) 4,091
------- ---------- --------- ------- ------- -------- ----------
Preferred Stock to Common Stock (206,467) (117,578) 755,966 755 116,823 - -
Loss for year - - - - - (4,091) (4,091)
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 1997 - - 4,397,767 4,397 204,566 (208,963) -
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 1998 - - 4,397,767 4,397 204,566 (208,963) -
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 1999 - - 4,397,767 4,397 204,566 (208,963) -
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 2000 - - 4,397,767 4,397 204,566 (208,963) -
======= ========== ========= ======= ======= ======== ==========
Issuance of stock for services 10/30 - - 756,064 756 - - 756
Loss for year - - - - - (36,818) (36,818)
------- ---------- --------- ------- ------- -------- ----------
Balance - December 31, 2001 - $ - 5,153,831 $ 5,153 $ 204,566 $ (245,781) $ (36,062)
======= ========== ========= ======= ======= ======== ==========
The accompanying notes are an integral part of these financial statements.
GLOBAL ASSETS & SERVICES, INC.
(Formerly Art, Music and Entertainment, Inc.)
(A Development Stage Company)
Statements of Cash Flow
May 25, 1988
Year Ended (Inception) to
December 31, December 31,
2001 2000 2001
---- ---- ----
Cash Flows from Operating Activities:
Net Loss $ (39,462) $ - $ (211,719)
Adjustments to reconcile net loss to cash used in
operating activities:
Issuance of common stock for services $ 3,400
Increase in accounts payable 36,162 - 2,100
--------- ---- ---------
Net Cash Used by Operating Activities 100 - (209,619)
--------- ---- ---------
Cash Flows from Financing Activities:
Issuance of common stock - - 209,719
--------- ---- ---------
Net Cash Provided by Financing Activities - - 209,719
--------- ---- ---------
Net Increase in Cash & Cash Equivalents 100 - 100
Beginning Cash & Cash Equivalents - - -
--------- ---- ---------
Ending Cash & Cash Equivalents $ 100 $ - $ 100
========= ==== =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for Interest $ - $ - $ -
========= ==== =========
Cash paid for Income Taxes $ - $ - $ -
========= ==== =========
The accompanying notes are an integral part of these financial statements.