UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10QSB (X) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2001 ( ) Transition report pursuant of Section 13 or 15(d) of the Securities Exchange Act of 1939 for the transition period ____ to______ COMMISSION FILE NUMBER: 333-44398 -------- CYBER-VITAMIN.COM ------------------------------------------ (Exact name of registrant as specified in its charter) California 91-2021600 - ---------------------------------- ---------------------------- (State or other jurisdiction of (IRS Employer I.D. Number) incorporation or organization) 79881 A Country Club Drive Bermuda Dunes, California 92201 (800) 929-6147 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices, including Registrant's zip code and telephone number) NONE -------------------------------------------------------------- Former name, former address and former fiscal year, if changed Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 X No --- --- The number of shares of the registrant's common stock as of March 31, 2001: 2,974,200 shares. Transitional Small Business Disclosure Format (check one): Yes No X --- --- 1 TABLE OF CONTENTS ----------------- PART I. FINANCIAL INFORMATION Item 1. Financial Statements (a) Balance Sheet (b) Statement of Operations (c) Statement of Changes in Financial Position (d) Statement of Shareholders' Equity (e) Notes to Financial Statements Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Item 3. Risks PART II. OTHER INFORMATION Item 1. Legal Proceedings Item 2. Changes in Securities and Use of Proceeds Item 3. Defaults On Senior Securities Item 4. Submission of Items to a Vote Item 5. Other Information Item 6 (a) Exhibits (b) Reports on Form 8K SIGNATURES FINANCIAL DATA SCHEDULE 2 CYBER-VITAMIN.COM (A DEVELOPMENT STAGE COMPANY) BALANCE SHEETS March 31, 2001 December 31, 2000 -------------- ----------------- Assets: ............................................ $ -- $ -- ======= ======= Liabilities - Accounts Payable ..................... $ -- $ -- ------- Stockholders' Equity: common stock, Par value $.001 Authorized 100,000,000 shares, Issued 1,950,000 shares at December 31, 2000 1,950 1,950 Paid-In Capital .................................. -- -- Deficit accumulated during development stage (1,950) (1,950) ------ ------- Total Stockholders' Equity .................... -- -- ------- ------- Total Liabilities and Stockholders' Equity ........................ $ -- $ -- ======= ======= These notes are an integral part of these financial statements. 3 CYBER-VITAMIN.COM (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF OPERATIONS For the period inception February 1, 2000 to March 31, 2001 December 31, 2000 -------------- ----------------- Revenues: .................................. $ -- $ -- Expenses: Professional fees $ -- $ 1,000 General and Administrative Expenses: .... 1,950 1,950 Total 1,950 1,950 ----- ----- Net Loss .............................. $ (1,950) $ (1,950) ----- ----- Loss per share ............................. $ -- $ -- ===== ============= The accompanying notes are an integral part of these financial statements. 4 Cyber-Vitamin.com (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDERS' EQUITY FOR FOR THE PERIOD OF INCEPTION (FEBRUARY 1, 2000) TO MARCH 31, 2001 Common stock Additional Number of Shares Amount Paid in Retained Capital (Deficit) Total ------------------- ------ -------- --------- ----- Common stocks issued 1,950,000 $1,950 $ -- $ 1,950 $ -- Net loss for Balance 03/31/2001 1,950,000 $1,950 $ -- $ (1,950) $ -- ------------------- ------ -------- --------- ------ The accompanying notes are an integral part of these financial statements. 5 CYBER-VITAMIN.COM (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF CASH FLOWS For the period inception February 1, 2000 to March 31, 2001 December 31, 2000 -------------- ----------------- CASH FLOWS FROM OPERATING ACTIVITIES: Operating Activities Net Loss ............................................ $ - $(1,950) --------- -------- Net Cash Used provided by operating activities . ... $ - (1,950) --------- -------- CASH FLOWS FROM FINANCING ACTIVITIES: Common stocks issued 0 1,950 --------- -------- Net Cash Provided by Financing Activities .............................. 0 1,950 --------- -------- Cash and Cash Equivalents at Beginning of Period ............................ -- -- --------- -------- Cash and Cash Equivalents at End of Period .................................. $ -- -- ========= ======== The accompanying notes are an integral part of these financial statements. 6 CYBER-VITAMIN.COM (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS FROM 2/1/00 (INCEPTION) TO MARCH 31, 2001 NOTE 1. DESCRIPTION OF THE BUSINESS Cyber-Vitamin was incorporated under the laws of the state of California on February 1, 2000, under the original name of Exotic-Bird.com. The purpose for which the Corporation is organized is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of California including, without limitation, to provide sales of vitamins on the Internet. Cyber-Vitamin has been in the development stage since its formation on February 1, 2000. Planned principal operations have only recently commenced since then, but Cyber-Vitamin has not generated any significant revenue. NOTE 2. SIGNIFICANT ACCOUNTING POLICIES A. Cyber-Vitamin uses the accrual method of accounting. B. Revenues and are recognized and recorded when ordered goods are paid for by credit card. Expenses are realized and recorded when invoiced. C. Cyber-Vitamin considers all short term, highly liquid investments that are readily convertible, within three months, to known amounts as cash equivalents. Cyber-Vitamin currently has no cash equivalents. D. Basic and Diluted Earnings Per Share amounts are based on the weighted average number of shares outstanding at the dates of the financial statements. Fully Diluted Earnings Per Shares shall be shown on stock options and other convertible issues that may be exercised within ten years of the financial statement dates. E. Estimates: The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. NOTE 3. INCOME TAXES Cyber-Vitamin has adopted the provisions of SFAS No. 109 "Accounting for Income Taxes". SFAS 109 requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Cyber-Vitamin has incurred losses that can be carried forward to offset future earnings if conditions of the Internal Revenue Codes are met. 39 Cyber-Vitamin shares office space and telephone services of the President of Cyber-Vitamin at no charge. NOTE 4. GOING CONCERN The Company has nominal assets and no current operations with which to create operating capital. The Company has accumulated deficits of $1,950 at December 31, 2000. The Company seeks to raise operating capital to promote and advertise its web site in an offering of its common stock on Form SB-2. The company's plan specifies a minimum amount of $10,000 in operating capital to operate for the next 12 months. However, there can be no assurance that such offering will be successful. NOTE 5. FISCAL YEAR END. Cyber-Vitamin's fiscal year end is December 31st. NOTE 6. RELATED PARTY TRANSACTIONS. Cyber-Vitamin issued unregistered common stock to its President, in exchange for services as President, Secretary and Treasurer, and to non management consultants and employees in exchange for their services. The issuance of shares were recorded at their fair market value of par value. This is deemed appropriate, rather than recording the issuance of shares at the offering price, since Cyber-Vitamin's shares have no current book value. ----------------------------------------------------------------- ----------------------------------------------------------------- PART I. FINANCIAL INFORMATION Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. THIS ANALYSIS CONTAINS FORWARD-LOOKING COMMENTS WHICH ARE BASED ON CURRENT INFORMATION. ACTUAL RESULTS IN THE FUTURE MAY DIFFER MATERIALLY. The Company is engaged in the business of selling vitamins on the Internet. The Company has recently commenced operations, has no revenue to date, and comparative information is not available. Item 2. Changes in securities and use of proceeds NONE Item 3. Defaults on senior securities NONE Item 4. Submission of items to a vote NONE Item 5. Other information NONE Item 6. a) Exhibits NONE b) Reports on 8K NONE 8 SIGNATURES In accordance with the requirements of the Securities and Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CYBER-VITAMIN.COM Dated: April 27, 2001 By: Robert Tom Yarbray --------------------- Robert Tom Yarbray, President Dated: April 27, 201 By: George R. White ------------------------------ George R. White Chief Financial Officer 9