SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
[X] Quarterly Report under Section 13 or 15(d)
of the Securities Exchange Act of 1934
Guideline Capital, Inc.
(Exact name of registrant as it appears in its charter)
000-32127
(Commission File Number)
NEVADA 86-1004672
(State or jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
2100 N.E. 155th Street, Vancouver, Washington 98686
(Address of Principal Executive Office)
(360) 574-4369
Registrant's telephone number, including area code
Securities registered pursuant to Section 12 (b) of the Act:
None
Securities registered pursuant to Section 12 (b) of the Act:
Class A Common Stock $0.001 Par Value
Indicate by check mark whether the registrant (1) has filed all
reports to be filed by Section 13 or 15 (d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or 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
At the end of the quarter ending September 30, 2001 there were
10,250,000 issued and outstanding shares of the registrants
common stock.
There is no active market for the registrant's securities.
<Page>
PART I. FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS
Guideline Capital, Inc.
(A Development Stage Company)
BALANCE SHEET
<Table>
Sept. 30, 2001 Dec. 31, 2000
-------------- -------------
(Unaudited)
<s> <c> <c>
ASSETS $ - $ -
========= ==========
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities $ - $ -
--------- ----------
STOCKHOLDER'S EQUITY
Common stock, $0.001 par value;
50,000,000 shares authorized,
10,250,000 shares issued and
outstanding 10,250 10,000
Additional paid-in capital 42,300 500
Deficit accumulated during the
development stage (52,550) (10,500)
--------- --------
Total stockholder's equity - -
--------- --------
Total liabilities and stockholder's
Equity $ - $ -
========= ========
</Table>
The accompanying notes are an integral part of these financial
statements.
<Page>
Guideline Capital, Inc.
(A Development Stage Company)
STATEMENT OF OPERATIONS
<Table>
Nine Months Three Months August 17, 2000
Ended Ended (inception)
Sept. 30, 2001 Sept. 30, 2001 Sept.30, 2001
------------------ ---------------- ---------------
(Unaudited) (Unaudited) (Unaudited)
<s> <c> <c> <c>
Revenue $ - $ - $ -
General and administrative expenses 42,050 42,450 52,550
------------- -------------- ------------
Loss from operations before
provision for income taxes (42,050) (42,450) (52,550)
Provision for income taxes - - -
------------- -------------- ------------
Net loss $ (42,050) $ (42,450) $ (52,550)
============= =============== ============
Net loss per share -
basic and diluted $ - $ - $ -
============= =============== ============
Weighted average number of common
Shares outstanding 10,125,000 10,250,000 10,071,400
============= =============== ============
</Table>
The accompanying notes are an integral part of these financial
statements.
<Page>
Guideline Capital, Inc.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
<Table>
Nine Months August 17, 2000
Ended (inception) to
Sept. 30, 2001 September 30, 2001
---------------- ------------------
(Unaudited) (Unaudited)
<s> <c> <c>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (42,050) $ (52,550)
Stock issued for services 41,250 51,250
Expense paid by shareholder 800 1,300
------------- ------------
NET CASH USED IN OPERATING ACTIVITIES - -
CASH AND CASH EQUIVALENTS -
beginning of period - -
------------- ------------
CASH AND CASH EQUIVALENTS -
September 30, 2001 $ - $ -
============= ============
</Table>
SUPPLEMENTAL INFORMATION:
During the initial period August 17, 2000 (inception) to September 30, 2001,
the Company paid no cash for interest or income taxes.
The accompanying notes are an integral part of these financial
statements.
<Page>
Guideline Capital, Inc.
(A Development Stage Company)
STATEMENT OF STOCKHOLDER'S EQUITY
AUGUST 17, 2000 (INCEPTION) TO SEPTEMBER 30, 2001
<Table>
<Caption>
Deficit
Accumulated
Additional During the
Common Stock Paid-in Development
Shares Amount Capital Stage Total
------------------- ---------- ----------- ---------
</Caption>
<c> <s> <s> <s> <s> <s>
Balance,
August 17, 2000 - $ - $ - $ - $ -
Issuance of shares
for services -
August 17, 2000 10,000,000 10,000 - - 10,000
Expenses paid
by shareholder - - 500 - 500
Net Loss - - - (10,500) (10,500)
---------- --------- ---------- ---------- ---------
Balance,
Dec. 31, 2000 10,000,000 $ 10,000 $ 500 $ (10,500) $ -
Issuance of shares
for services -
April 8, 2001
(unaudited) 250,000 250 41,000 - 41,250
Expenses paid by
shareholder
(unaudited) - - 800 - 800
Net Loss (unaudited) - - - (42,050) (42,050)
----------- -------- ---------- --------- ---------
Balance,
September 30, 2001
(unaudited) 10,250,000 $ 10,250 $ 42,300 $ (52,550) $ -
=========== ========= ========== ========== =========
</Table>
The accompanying notes are an integral part of these financial
statements.
<Page>
Guideline Capital, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2001
NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
Nature of Operations
Guideline Capital, Inc. (the "Company") is currently a development-stage
company under the provisions of the Financial Accounting Standards Board
("FASB") Statement of Financial Accounting Standards ("SFAS") NO. 7. The
Company was incorporated under the laws of the state of Nevada on
August 17, 2000.
Interim Financial Information
The accompanying unaudited interim financial statements have been prepared by
the Company, in accordance with generally accepted accounting principles
pursuant to Regulation S-B of the Securities and Exchanges Commission.
Certain information and footnote disclosures normally included in audited
financial statements prepared in accordance with generally accepted accounting
principles have been condensed or omitted. Accordingly, these interim
financial statements should be read in conjunction with the Company's
financial statements and related notes as contained in Form 10-KSB for the
year ended December 31, 2000. In the opinion of management, the interim
financial statements reflect all adjustments, including normal recurring
adjustments, necessary for fair presentation of the interim periods presented.
The results of operations for the nine months ended September 30, 2001 are not
necessarily indicative of results of operations to be expected for the full
year.
<Page>
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATION.
Results of Operations
The Company has had no operations during this quarter.
PART II. OTHER INFORMATION
Item 1. Legal Proceedings.
None
Item 2. Changes in Securities
None
Item 3. Default Upon Senior Securities
None
Item 4. Submission of matters To a Vote of Security Holders
None
Item 5. Other Information.
None
Item 6. Exhibits and Reports.
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: November 15, 2001 Guideline Capital, Inc.
By: /s/ Thomas R. Platfoot
Thomas R. Platfoot, President
<Page>