UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(X) QUARTERLY REPORT UNDER SECTION 13 OR 5(d) OF THE SECURITIES ACT OF 1934:
For the Quarterly Period ended September 30, 2001
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE EXCHANGE ACT
For the transition period from __________________ to __________________
Commission file number 0-26919
CYBER MARK INTERNATIONAL CORP.
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(Name of Small Business Issuer in Its Charter)
Delaware N/A
- - ------------------------------- -----------------------------------
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
One Gateway Center, Suite 2600
Newark, New Jersey 07012
- ----------------------------------------- ---------------------
(Address of Principal Executive Offices) (Zip Code)
Issuer's telephone number: (973) 645-0576
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Indicate by check mark whether the registrant (1) has filed has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 _____
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. YES ____ NO _____
APPLICABLE ONLY TO CORPORATE ISSUERS
As of September 30, 2001, 342,223,510 shares of the Issuer's Common Stock were
outstanding.
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CYBER MARK INTERNATIONAL CORP.
PART I. FINANCIAL INFORMATION Page No.
Item 1. Unaudited Financial Statements
Cyber Mark International Corp.
Post-Reorganization September 30, 2001
Prepared by Management
TABLE OF CONTENTS
Page Number
Unaudited Financial Statements (Post-Reorganization)
Balance sheet 2
Income statement 3
Statement of stockholders' equity 4
Statement of cash flows 5
Notes to the Financial Statements 6
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CYBER MARK INTERNATIONAL CORP.
UNAUDITED BALANCE SHEET (POST-REORGANIZATION)
SEPTEMBER 30, 2001
<Table>
September 30, 2001
------------------
<s> <c>
ASSETS
Cash $ 400
Prepaid expenses 450
Deposits 150
----------------
Total Assets $ 1,000
================
LIABILITIES & STOCKHOLDERS; EQUITY
Accounts payable $ 0
----------------
Total Liabilities 0
Stockholders' Equity 21,630
Common stock issued and outstanding 3,455,891
Additional paid-in capital (3,476,521)
----------------
Total Stockholders' Equity 1,000
Total Liabilities and Stockholders' Equity $ 1,000
================
</Table>
The accompanying notes are an integral part
of these financial statements
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CYBER MARK INTERNATIONAL CORP.
UNAUDITED INCOME STATEMENT (POST-REORGANIZATION)
SEPTEMBER 30, 2001
<Table>
From reorganization
September 30, 2001
-------------------
<s> <c>
Income $ 0
Expenses 0
---------------
Total Expenses 0
Net Loss $ 0
================
Retained earnings, beginning of period $ (3,476,521)
----------------
Deficit accumulated $ (3,476,521)
================
</Table>
The accompanying notes are an integral part
of these financial statements
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CYBER MARK INTERNATIONAL CORP.
UNAUDITED STATEMENT OF STOCKHOLDERS' EQUITY
(POST-REORGANIZATION)
SEPTEMBER 30, 2001
<Table>
Additional
Common Paid-in Deficit
Stock Capital accumulated Total
---------- ----------- ----------- ---------
<s> <c> <c> <c> <c>
Balance, pre-reorganization
September 30, 2001 $ 21,629 $3,322,974 $(3,476,521) $ (131,918)
Gain on exchange of equipment
for discharge of accounts
payable and loans from
stockholders 0 131,918 0 131,918
Issuance of 10,000,000 shares
at $.001 per share 1 999 0 1,000
----------- ---------- ----------- -----------
Balance, post-reorganization
September 30, 2001 $ 21,630 $3,455,891 $(3,476,521) $ 1,000
=========== ========== ============ ===========
</Table>
The accompanying notes are an integral part
of these financial statements
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CYBER MARK INTERNATIONAL CORP.
UNAUDITED STATEMENT OF CASH FLOWS (POST-REORGANIZATION)
SEPTEMBER 30, 2001
<Table>
From reorganization
September 30, 2001
-------------------
<s> <c>
CASH FLOWS PROVIDED BY OPERATING
ACTIVITIES
Net Loss $ 0
Non-cash items included in net loss
Adjustments to reconcile net loss to
cash used by operating activity
Prepaid expenses (increase) decrease (450)
Deposits (increase) decrease (150)
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NET CASH PROVIDED BY
OPERATING ACTIVITIES (600)
CASH FLOWS FROM INVESTING ACTIVITIES 0
CASH FLOWS FROM FINANCING ACTIVITIES
Sale of common stock 1
Paid-in capital 999
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NET CASH PROVIDED BY
FINANCING ACTIVTIES 1,000
NET INCREASE IN CASH $ 400
===============
</Table>
The accompanying notes are an integral part
of these financial statements
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CYBER MARK INTERNATIONAL CORP.
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2001
NOTE A UNAUDITED STATEMENTS BY MANAGEMENT
Information in these financial statements was prepared by
management and has not been the subject of audit or review
by an independent accountant.
NOTE B REORGANIZATION SEPTEMBER 30, 2001
The Company was reorganized on September 30, 2001. The
Company will continue in the entertainment business,
subject to the preparation of a business plan and attainment
of sufficient capital to support the plan.
NOTE C EXCHANGE OF EQUIPMENT FOR SATISFACTION OF DEBT
Coincident with the reorganization, accounts payable
vendors and stockholders with outstanding loans to the
Company agree to accept equipment with a net book value
of $71,051 in full satisfaction of debt totaling $202,969.
The result was a capital contribution of $131,918.
NOTE D COMMON STOCK ISSUES
On September 30, 2001 the Company sold 10,000,000 shares
of its common stock at $.0001 per share for a total of
$1,000. The proceeds were to be used for working capital.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATION.
There were no sales, no revenues, nor operating expenses this quarter.
Management devotes this period to negotiating the disposition of depreciated
equipment and remaining facilities.
During this quarter the Company disposed of the depreciated equipment
of $71,051 in full consideration for debt totaling $202,969 this resulted
in a capital contribution of $131,918.
During this quarter the Company also raised $1,000 from the sale of
10,000,000 shares at $.0001 per share, which are restricted under Section 144
of the Securities Act.
New management considered that its main focus should be the preparation
of a new business plan to enable the Company to continue in the entertainment
business. There are no guarantees that the Company will be successful in
raising any required and additional capital investment, nor implementing any
proposed plan.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
None.
Item 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.
Sales of Unregistered Securities
On September 30, 2001 the Company sold 10,000,000 shares of its
common stock at $.0001 per share for a total of $1,000. The
proceeds were to be used for working capital.
Item 3. Default Upon Senior Securities
None.
Item 4. Submission of matters To a Vote of Security Holders
None.
Item 5. Other Information.
None.
<Page>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
Reports on Form 8-K: None
Exhibits: None.
Signatures
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
CYBER MARK INTERNATIONAL CORP.
Dated: November 19, 2001 By: /s/ Ian McIntyre
Ian McIntyre
Title: President
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