Item 1. Financial Statements
The financial statements 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 footnote disclosures normally
included in financial statements prepared in accordance with the generally
accepted accounting principles have been omitted. However, in the opinion of
management, all adjustments (which include only normal recurring accruals)
necessary to present fairly the financial position and results of operations for
the period presented have been made. The results for interim periods are not
necessarily indicative of trends or of results to be expected for the full year.
These financial statements and notes thereto included in the Company's
registration statements and notes thereto included in the Company's registation
statement on Form 10KSB, as amended.
Cybucks, Inc.
(A Development Stage Enterprise)
Balance Sheet
As of December 31, 1999
(Unaudited) (Audited)
March 31 December 31
2000 1999
ASSETS
Current Assets:
Cash in Bank 2,000
Total Current Assets 2,000 $ -
Fixed Assets
Office Equipment 9,500 9,500
Less: Allowance for Depreciation (475) -
Total Assets $11,025 $9,500
LIABILITIES
Current Liabilities
Total Current Liabilities
Noncurrent Liabilities 8,000 -
Note Payable 8,000 -
Total Liabilities 8,000 -
STOCKHOLDERS' EQUITY
Common Stock
100,000,000 authorized shares
par value $.001 3,000 3,000
3,000,000 shares issued
and outstanding
Paid in Surplus 9,500 9,500
Retained Earnings (9,475) (3,000)
3,025 9,500
Total Liabilities and Equity $11,025 $9,500
Cybucks, Inc.
(A Development Stage Enterprise)
Statement of Operations
For the 3 months From Inception
ended March 31 -March 31
2000 1999 2000
Revenue $ - $ - $ -
Total Revenues - - -
---------------- -------------- -------------------
General and Administrative Expenses
---------------- -------------- -------------------
Consulting 3,820 - 6820
Depreciation 475 - 475
Legal and Professional 1,800 - 1,800
Filing Fees 380 - 380
Total General and Administrative Expenses 6,475 - 9,475
Income (Loss) from continuing operations
before income taxes (6,475) - (9,475)
Provision for Income Taxes
Income Tax Benefit - - -
================ ============== ===================
Provision for Income Taxes - - -
Net (Loss) (6,475) - (9,475)
================ ============== ===================
Net Loss per share ($0.002) - ($0.003)
Weighted Average Number of
Shares outstanding 3,000,000 3,000,000 3,000,000
Cybucks, Inc.
(A Development Stage Enterprise)
Statement of Stockholders' Equity
As of March 31, 1999
$.001 Par Paid - in Retained
Shares Value Capital Earning Total
Balance January 1, 2000 3,000,000 $3,000 $ 9,500 $(3,000) $9,500
--------------- --------------- -------------- -------------- ----------------
Net Income (Loss) (6,475) (6,475)
--------------- --------------- -------------- -------------- ----------------
Balance August 31, 1999 3,000,000 3,000 9,500 (9,475) 3,025
=============== =============== ============== ============== ================
Cybucks, Inc.
(A Development Stage Enterprise)
Statement of Cash Flows
For the 3 months From Inception to
ended March 31 December 31,
2000 1999 1999
Cash Flows from Operating Activities
Net Income (Loss) $ (6,475) $ - $ (9,475)
Adjustments to Reconcile Excess Contributions to cash
Provided from operations
Depreciation 475 - 475
-------------------------------------------
Total Adjustments 475 - 475
Net Cash Used in Operating Activities (6,000) - (9,000)
Cash Flows from Investing Activities
Fixed Assets - - (9,500)
------------------------------------------
Net Cash used in Investing Activities - - (9,500)
Cash Flows from Financing Activities:
Increase in long-term debt 8,000 - 8,000
Common Stock 3,000
Paid in Capital 9,500
-----------------------------------------
Net Cash Used in Financing Activities 8,000 20,500
Net Increase in Cash 2,000 - 2,000
Cash Balance, Begin Period - - -
Cash Balance, End Period $ 2,000 $ - $ 2,000
============= ============ ===================