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 September 30, 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 September 30, 2001:
2,000,000 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
December 31, 2000 September 30, 2001
----------------- ------------------
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
and 2,000,000 at September 30, 2001 1,950 1,975
Paid-In Capital .................................. -- 24,975
Net loss profit (1,950) 25,070
------ -------
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
June 30, 2000 September 30, 2001
------------- ------------------
Revenues: .................................. $ -- $ --
Expenses:
Professional fees $ 1,000 $ 5,000
General and Administrative Expenses: .... 950 20,000
Total 1,950 25,000
----- -----
Net Loss .............................. $ (1,950) $ (25,000)
----- -----
Loss per share ............................. $ -- $ (.01)
===== =============
The accompanying notes are an integral part of these financial statements.
4
CYBER-VITAMIN.COM
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF STOCKHOLDERS' EQUITY
JUNE 30, 2000 AND SEPTEMBER 30, 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) $
Common stocks issued
September 30, 2001 50,000 $ 25 $ 24,975
Net Loss September 30, 2001 $(25,000) ($25,000)
Balance September 30, 2001 2,000,000 $1,975 $ 24,975 $(26,950) ( 26,950)
------------------- ------ -------- --------- ---------
The accompanying notes are an integral part of these financial statements.
5
CYBER-VITAMIN.COM
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
September 30, 2000 June 30, 2001
-------------- -------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
Operating Activities
Net Loss ............................................ $(1,950) (25,000)
--------- --------
Net Cash (Used) provided by operating activities ... (1,950) -0-
--------- --------
CASH FLOWS FROM FINANCING
ACTIVITIES:
Common stocks issued 1,950 25
--------- --------
Net Cash Provided by
Financing Activities .............................. 1,950 24,975
--------- --------
Cash and Cash Equivalents
at Beginning of Period ............................ -- 24,975
--------- --------
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
SEPTEMBER 30, 2001
GENERAL
-------
CYBER-VITAMIN.COM, (the Company) has elected to omit substantially all
footnotes to the financial statements for the three months ended March 31,
2001 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
registration statement on Form SB-2.
UNAUDITED INFORMATION
---------------------
The information furnished herein was taken from the books and records of the
Company without audit. However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented. The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.
In this report references to "we," "us," and "our" refer to CYBER-VITAMIN.COM.
FORWARD LOOKING STATEMENTS
This Form 10-QSB contains certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. For this purpose any
statements contained in this Form 10-QSB that are not statements of historical
fact may be deemed to be forward-looking statements. Without limiting the
foregoing, words such as "may," "will," "expect," "believe," "anticipate,"
"estimate" or "continue" or comparable terminology are intended to identify
forward-looking statements. These statements by their nature involve
substantial risks and uncertainties, and actual results may differ materially
depending on a variety of factors, many of which are not within
CYBER-VITAMIN.COM's control. These factors include but are not limited to
economic conditions generally and in the industries in which CYBER-VITAMIN.COM
may participate; competition within CYBER-VITAMIN.COM's chosen industry,
including competition from much larger competitors; technological advances and
failure by CYBER-VITAMIN.COM to successfully develop business relationships.
7
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
Results of Operations
Since inception, we have experienced losses. We have financed our operations
primarily through the sale of our common stock or by loans from shareholders.
The net loss for the nine months ended September 30, 2001 was $25,000, compared
to a net loss of $1,950 for the same period of 2000. A comparison of the two
periods is not meaningful, due to the fact that we have had minimal operations
and nominal expenses since inception.
Liquidity and Capital Resources
As of September 30, 2001, we had $0 cash on hand and total current liabilities
of $0. We have no material commitments for the next twelve months. We believe
that our current cash needs for at least the next twelve months can be met by
loans from our directors, officers and shareholders. Due to our lack of cash
and current liabilities since inception, management believes a comparison of
the period ended September 30, 2001 and the period September 30, 2000 would not
be meaningful.
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: October 16, 2001 By: Robert Yarbray
------------------------------
Robert Yarbray, President
9