SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 2, 2004
TRYCERA FINANCIAL, INC.
(Exact Name of Registrant as Specified in Charter)
NEVADA 000-30872 33-0910363
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
170 Newport Center Drive, Suite 210, Newport Beach, CA 92660
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (949) 273-4300
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act
Item 9.01 Financial Statements and Exhibits
(b) Pro Forma Financial Information.
The pro forma financial information required by this item in
connection with the acquisition of Signature Credit Corporation is included
with this filing.
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 hereunto duly authorized.
Trycera Financial, Inc.
Date: November 10, 2004 By /s/ Matthew S. Kerper
Matthew S. Kerper, President
Trycera Financial, Inc.
(Formerly Whitelight Techologies, Inc.)
PROFORMA
FINANCIAL STATEMENTS
December 31, 2003
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Proforma Balance Sheet
Proforma Proforma
December 31, Adjustments December 31,
2003 DR CR 2003
------------ --------- --------- ------------
(audited) (unaudited)
Assets
Current Assets
Cash $ - $ -
Interest Receivable 360 360
Note Receivable - Related Party 1,200 1,200
Inventory - 2,214 2,214
---------- ----------
Total Current Assets 1,560 3,774
Equipment, Net - 9,593 9,593
---------- ----------
Other Assets
Goodwill - 115,193 115,193
---------- ----------
Total Assets $ 1,560 $ 128,560
========== ==========
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable $ 11,323 $ 11,323
Interest Payable 7,004 7,004
Note Payable - 100,000 100,000
Note Payable - Related Party 23,906 23,906
---------- ----------
Total Current Liabilities 42,233 142,233
---------- ----------
Stockholders' Equity
Common Stock, Authorized 100,000,000 Shares,
$.001 Par Value, 1,250,000 Shares
Issued and Outstanding 1,100 150 1,250
Additional Paid in Capital 9,900 26,850 36,750
Deficit Accumulated in the Development Stage (51,673) (51,673)
---------- ----------
Total Stockholders Equity (40,673) (13,673)
---------- ----------
Total Liabilities and Stockholders Equity $ 1,560 $ 128,560
========== ==========
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Proforma Statement of Operations
Proforma
For January 1, 2003 Proforma For January 1, 2003
through Adjustments through
December 31, 2003 DR CR December 31, 2003
------------------ -------- -------- ------------------
(audited) (unaudited)
Revenues $ - 522,203 $ 522,203
Cost of Sales - 455,746 455,746
---------------- ----------------
Gross Profit (Loss) - 66,457
Operating Expenses
General & Administrative 10,602 122,230 132,832
---------------- ----------------
Total Operating Expenses (10,602) 132,832
---------------- ----------------
Income (Loss) from Operations (10,602) (66,375)
Other Income (Expense) (2,270) (600) (2,870)
---------------- ----------------
Income (Loss) Before Income Taxes (12,872) (69,245)
Income Tax Expense - -
---------------- ----------------
Net Income (Loss) $ (12,872) $ (69,245)
================ ================
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Notes to Pro Forma Consolidated Financial Statements
December 31, 2003
NOTE 1 - Summary of Transaction
On November 2, 2004, the Company entered into an Asset Purchase
Agreement with Signature Credit Corporation (Signature). Pursuant to
the agreement, the Company is to pay cash of $90,000 with an
additional $10,000 in cash due on the 61st day after executing the
agreement and issued 150,000 shares of common stock valued at $27,000.
NOTE 2 - Management Assumptions
The pro forma balance sheet and statements of operations assumes
that the entities were together at the beginning of the period ended
December 31, 2003.
The pro forma balance sheet assumes the issuance of 150,000
shares of common stock, the execution of a note payable for the
$100,000 cash payment due and the acquisition of inventory and fixed
assets.
The proforma statement of operations assumes that the assets
acquired generated the revenues and expenses of Signature; therefore,
the Company's revenues and expenses have been combined with
Signature's at the beginning of the period ended December 31, 2003.
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
PROFORMA
FINANCIAL STATEMENTS
September 30, 2004
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Proforma Balance Sheet
Proforma Proforma
September 30, Adjustments September 30,
2004 DR CR 2004
------------ --------- --------- ------------
(unaudited) (unaudited)
Assets
Current Assets
Cash $ 967,180 90,000 $ 877,180
Prepaid Expenses 14,759 14,759
Deposits 9,207 9,207
Inventory - 9,804 9,804
---------- ----------
Total Current Assets 991,146 910,950
---------- ----------
Equipment, Net 4,838 7,628 12,466
---------- ----------
Other Assets
Goodwill - 109,568 109,568
---------- ----------
Total Assets $ 995,984 $ 1,032,984
========== ==========
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable $ 790 $ 790
Accrued Payroll 4,861 4,861
Interest Payable 7,726 7,726
Note Payable - 10,000 10,000
Convertible Debenture 200,000 200,000
---------- ----------
Total Current Liabilities 213,377 223,377
---------- ----------
Stockholders' Equity
Common Stock, Authorized 100,000,000 Shares,
$.001 Par Value, 5,631,234 Shares
Issued and Outstanding 5,481 150 5,631
Additional Paid in Capital 1,222,532 26,850 1,249,382
Deficit Accumulated in the Development Stage (445,496) (445,496)
---------- ----------
Total Stockholders Equity 782,517 809,517
---------- ----------
Total Liabilities and Stockholders Equity $ 995,894 $ 1,032,894
========== ==========
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Proforma Statement of Operations
Proforma
For January 1, 2004 Proforma For January 1, 2004
through Adjustments through
September 30, 2004 DR CR September 30, 2004
------------------ -------- -------- ------------------
(audited) (unaudited)
Revenues $ 15,114 438,122 $ 453,236
Cost of Sales 37,998 266,576 304,574
---------------- ----------------
Gross Profit (Loss) (22,884) 148,662
Operating Expenses
General & Administrative 362,867 79,376 442,243
---------------- ----------------
Total Operating Expenses (362,867) 442,243
---------------- ----------------
Income (Loss) from Operations (385,751) (293,581)
Other Income (Expense) (7,980) - (7,980)
---------------- ----------------
Income (Loss) Before Income Taxes (393,731) (301,561)
Income Tax Expense - 800 800
---------------- ----------------
Net Income (Loss) $ (393,731) $ (302,361)
================ ================
Trycera Financial, Inc.
(Formerly Whitelight Technologies, Inc.)
Notes to Pro Forma Consolidated Financial Statements
September 30, 2004
NOTE 1 - Summary of Transaction
On November 2, 2004, the Company entered into an Asset Purchase
Agreement with Signature Credit Corporation (Signature). Pursuant to
the agreement, the Company paid cash of $90,000 with an additional
$10,000 in cash due on the 61st day after executing the agreement and
issued 150,000 shares of common stock valued at $27,000.
NOTE 2 - Management Assumptions
The pro forma balance sheet and statements of operations assumes
that the entities were together at the beginning of the period ended
September 30, 2004.
The pro forma balance sheet assumes the issuance of 150,000
shares of common stock, the cash payment of $90,000, a note payable of
$10,000 due on the 61st day after executing the agreement and the
acquisition of inventory and fixed assets.
The proforma statement of operations assumes that the assets
acquired generated the revenues and expenses of Signature; therefore,
the Company's revenues and expenses have been combined with
Signature's at the beginning of the period ended September 30, 2004.