U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the quarter ended November 30, 2000
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from_______ to________
Commission File No. 2-88678-NY
MEDI-DATA INTERNATIONAL, INC.
(Name of small business issuer in its charter)
New York 11-2653474
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
20 Red Ground Road, Old Westbury, New York 11568
(Address of principal executive offices)
Issuer's telephone number: (516) 626-0360
Securities registered under Section 12(b) of the Exchange Act: None
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $0.001 Par Value
(Title of Class)
Check whether the issuer (1) filed all reports required to be filed by section
13 or 15(d) of the Exchange Act during the past 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 [ ]
Number of shares outstanding of the issuer's common equity, as of January 9,
2001 (exclusive of securities convertible into common equity) : 9,212,551
PART I FINANCIAL STATEMENTS.
MEDI-DATA INTERNATIONAL, INC
BALANCE SHEET
Unaudited
November 30, 2000 February 29, 2000
----------------- -----------------
ASSETS
------
CURRENT ASSETS
Due from shareholder $ 4,600 $ 4,600
------- -------
TOTAL ASSETS $ 4,600 $ 4,600
======= =======
LIABILITIES AND SHAREHOLDERS' DEFICIENCY IN ASSETS
--------------------------------------------------
CURRENT LIABILITIES
Accrued expenses and other current liabilities $61,685 $61,685
------- -------
Total Current Liabilities 61,685 61,685
------- -------
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' DEFICIENCY IN ASSETS
Common stock, $.001 par value 50,000,000 shares
authorized, 9,213,051 issued and outstanding 9,213 9,213
Additional paid-in capital 993,954 993,954
Accumulated Deficit (1,060,252) (1,060,252)
---------- ----------
Total Shareholders' Deficiency in Assets (57,085) (57,085)
-------- -------
TOTAL LIABILITIES AND SHAREHOLDERS'
DEFICIENCY IN ASSETS $ 4,600 $ 4,600
======= =======
See accompanying notes to financial statements
2
MEDI-DATA INTERNATIONAL, INC.
UNAUDITED STATEMENT OF OPERATIONS
For the three months ended For the nine months ended
-------------------------- -------------------------
November 30, November 30,
------------------- -------------------
2000 1999 2000 1999
---- ---- ---- ----
Costs & Expenses:
Selling, general and
administrative expenses $ 0 $ 0 $ 0 $ 30
----------- ----------- ----------- -----------
Loss before other income and
state income taxes (0) (0) (0) (30)
----------- ----------- ----------- -----------
Other Income (Expenses):
Interest and dividend income 0 (0) 0 (0)
----------- ----------- ----------- -----------
Total Other Income (Expense) 0 (0) 0 (0)
----------- ----------- ----------- -----------
Income (Loss) before state (0) (0) (0) (30)
income taxes ----------- ----------- ----------- -----------
State income taxes 0 (0) 0 (0)
----------- ----------- ----------- -----------
Net Income (Loss) (0) (0) (0) (30)
=========== =========== =========== ===========
Accumulated Deficit - beginning (1,060,252) (1,060,152) (1,060,252) (1,060,122)
----------- ----------- ----------- -----------
Accumulated Deficit- end $(1,060,252) $(1,060,152) $(1,060,252) $(1,060,152)
=========== =========== =========== ===========
Earnings per share $ 0.000 $ 0.0000 $ 0.0000 $ 0.0000
=========== =========== =========== ===========
Primary and Fully Diluted shares 9,212,551 9,212,551 9,212,551 9,212,551
=========== =========== =========== ===========
See accompanying notes to financial statement
3
MEDI-DATA INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED NOVEMBER 30,
2000 1999
---- ----
Cash flows from operating activities
Net Loss $ (0) $ (30)
---- -----
Adjustments to reconcile net income to net cash
provided by (used in) operating activities
Increase (decrease) in:
Accrued expenses and other current liabilities (0) (170)
---- -----
Net cash used in operating activities (0) (201)
Net increase(decrease) in cash and equivalent (0) (201)
Cash and cash equivalents - beginning 0 0
---- -----
Cash and cash equivalents - end $ 0 $(201)
==== =====
SUPPLEMENTAL CASH FLOW INFORMATION
- ----------------------------------
Cash paid for interest and taxes was as follows: 2000 1999
---- ----
Interest - -
Taxes $100 $171
See accompanying notes to financial statements
4
MEDI-DATA INTERNATIONAL, INC.
NOTES TO FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED NOVEMBER 30, 2000 AND 1999
1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The Company is not actively engaged in any trade or business.
The financial statements of the Company are presented on a
condensed basis. In the opinion of management, the
accompanying unaudited financial information contains all the
necessary adjustments to fairly present the financial position
of the Company as of November 30, 2000 and 1999 and for the
periods then ended.
PER SHARE DATA
Loss per share is based on the weighted average number of
shares of common stock outstanding during each period.
PART II
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS.
RESULTS OF OPERATIONS
For the nine months ended November 30, 2000 and 1999 the Company had no
activity. For the year ended February 29, 2000 the Company had a net loss of
$130 as compared to a net loss of $180 for the year ended February 29, 1999.
LIQUIDITY AND CAPITAL RESOURCES
The Company ceased all previous operations in April 1988, and for the nine
months ended November 30, 2000 and 1999 the company had no operations or income
from operations. At November 30, 2000 and 1999 the Company has a shareholders'
deficiency of $1,060,252 and $1,060,152 respectively.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed by the
undersigned, thereunto duly authorized.
Dated: January 9, 2001 MEDI DATA INTERNATIONAL, INC.
/s/ TERRY BROOKS
---------------------------
Terry Brooks, President