United States 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 Commission File Number: 0-31467 For the Quarter ended September 30, 2001 eStaff.com, Inc. Nevada 91-1979826 (Jurisdiction of Incorporation) (I.R.S. Employer Identification No.) 24843 Del Prado, Suite 318, Dana Point California, 92629 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (949) 487-7295 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Stock As of September 30, 2001, 27,935,000 shares of shares of Common Stock were issued and outstanding. Transitional Small Business Disclosure Format (check one): yes [ ] no [X] PART I: FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS. The financial statements, for the three months and six months ended September 30, 2001, included herein have been prepared by the Company, without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnotes disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. The Remainder of this Page is Intentionally left Blank 1 ESTAFF.COM, INC. (a Development Stage Company) BALANCE SHEETS (UNAUDITED) September 30, March 31, 2001 2001 -------------------------------------------------------------------------------- (Unaudited) ASSETS CURRENT ASSETS Cash. . . . . . . . . . . . . . . . . . . . . . . . $ 0 $ 4,499 ------------ ---------- TOTAL CURRENT ASSETS. . . . . . . . . . . . . . . . . . 0 4,499 ------------ ---------- TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . $ 0 $ 4,499 ============ ========== LIABILITIES & STOCKHOLDERS' EQUITY LIABILITIES Accounts payable. . . . . . . . . . . . . . . . . . . $ 31,190 $ -0- ------------ ---------- Total accounts payable. . . . . . . . . . . . . . . . . 31,190 -0- ------------ ---------- STOCKHOLDERS' EQUITY Common Stock, $.001 par value; authorized 100,000,000 shares; issued and outstanding, 27,935,000 shares and 25,435,000 shares respectively . . . . . . . . 27,935 25,435 Additional paid in capital. . . . . . . . . . . . . . 78,940 81,440 Accumulated Deficit . . . . . . . . . . . . . . . . . (138,065) (102,376) ------------ ---------- Total Stockholders' Equity. . . . . . . . . . . . . . . (31,190) 4,499 ------------ ---------- TOTAL STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . $ 0 $ 4,499 ============ ========== The accompanying notes are an integral part of these financial statements. 2 ESTAFF.COM, INC. (a Development Stage Company) STATEMENTS OF CASH FLOWS (UNAUDITED) for the periods ended September 30, 2000 and 2001 From Inception on April 21, For the periods 1999 through ended September 30, September 30, 2001 2000 2001 --------- --------- ---------- Net Loss. . . . . . . . . . . . . . . . . . $(60,689) $(52,376) $(163,065) Adjustments to reconcile net loss to net cash from operating activities: Bad debt expense. . . . . . . . . . . . . . 0 0 50,000 Increase in accounts payable. . . . . . . . 31,190 0 31,190 Stock for services. . . . . . . . . . . . . 25,000 6,375 31,375 --------- --------- ---------- Net cash from operating activities. . . . . (4,499) (46,001) (50,500) --------- --------- ---------- Cash flow used in investing activities: Cash paid for note receivable-Related Party 0 (50,000) (50,000) --------- --------- ---------- Net cash (used) by investing activities . . 0 (50,000) (50,000) --------- --------- ---------- Cash flow from financing activities: Issued common stock for cash. . . . . . . . 0 100,500 100,500 --------- --------- ---------- Net cash provided by financing activities . 0 100,500 100,500 --------- --------- ---------- Net increase (decrease) in cash . . . . . . (4,499) 4,499 0 Cash beginning of period. . . . . . . . . . 4,499 0 0 --------- --------- ---------- Cash end of period. . . . . . . . . . . . . 0 4,499 0 ========= ========= ========== Cash Paid For: Interest. . . . . . . . . . . . . . . . . $ 0 $ 0 $ 0 Taxes . . . . . . . . . . . . . . . . . . $ 0 $ 0 $ 0 The accompanying notes are an integral part of these financial statements. 3 ESTAFF.COM, INC. (a Development Stage Company) STATEMENTS OF OPERATIONS (UNAUDITED) for the periods ended September 30, 2000 and 2001 From Inception on From July From April April 21, 1, 2001 to 1, 2000 to 1999 through September 30, September 30, September 30, 2001 2000 2001 2000 2001 ------------ ------------ ------------ ------------ ------------ Revenues. . . . . . . . . . $ -0- $ -0- $ -0- $ -0- $ 1,000 ------------ ------------ ------------ ------------ ------------ General and Administrative Expenses . . . . . . . 34,422 51,376 60,689 51,376 114,065 ------------ ------------ ------------ ------------ ------------ Bad debt expense. . . . . . -0- -0- -0- -0- 50,000 ------------ ------------ ------------ ------------ ------------ Net Loss from Operations. . (34,422) (51,376) (60,689) (51,376) (163,065) Net Income (Loss) . . . . . $ (34,422) $ (51,376) $ (60,689) $ (51,376) $ (163,065) ============ ============ ============ ============ ============ Loss per Share. . . . . . . $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.01) ============ ============ ============ ============ ============ Weighted Average Shares Outstanding. . . 25,990,500 21,235,675 25,712,750 21,235,675 24,277,823 ============ ============ ============ ============ ============ The accompanying notes are an integral part of these financial statements. 4 ESTAFF.COM, INC. (a Development Stage Company) NOTES TO FINANCIAL STATEMENTS September 30, 2001 NOTES TO FINANCIAL STATEMENTS EStaff.com, Inc. ("the Company") has elected to omit substantially all footnotes to the financial statements for the period ended September 30, 2001, since there have been no material changes (other than indicated in other footnotes) to the information previously reported by the Company in their Annual Report filed on Form 10-KSB for the Fiscal year ended March 31, 2001. 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 period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year. 5 ITEM 2. DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. (A) PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS. Our plan of operation is unchanged from our previous report. (B) DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. We enjoyed no revenues during the period covered by this report. PART II: OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS. None ITEM 2. CHANGES IN SECURITIES. None ITEM 3. DEFAULTS ON SENIOR SECURITIES. None ITEM 4. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS. None ITEM 5. OTHER INFORMATION. None ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. None SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this Form 10-QSB Report for the Quarter ended September 30, 2001, has been signed below by the following person on behalf of the Registrant and in the capacity and on the date indicated. Dated: November 1, 2001 ESTAFF.COM, INC by /s/Tarja Morado Tarja Morado sole initial officer/director 6