I also notice both companies are located in Coral
Gables, Florida.
SOFTWARE OF EXCELLENCE INTERNATIONAL INC
SUITE 607
2600 DOUGLAS ROAD
CORAL GABLES FL 33134
BALANCE SHEET
ANNUAL ASSETS (000$)
FISCAL YEAR ENDING 02/28/95 02/28/94 02/28/93
CASH 0 119 NA
MRKTABLE SECURITIES NA NA NA
RECEIVABLES 34 NA NA
INVENTORIES NA NA NA
RAW MATERIALS NA NA NA
WORK IN PROGRESS NA NA NA
FINISHED GOODS NA NA NA
NOTES RECEIVABLE NA NA NA
OTHER CURRENT ASSETS 1 NA NA
TOTAL CURRENT ASSETS 35 119 NA
PROP, PLANT & EQUIP 29 NA NA
ACCUMULATED DEP NA NA NA
NET PROP & EQUIP 29 NA NA
INVEST & ADV TO SUBS NA NA NA
OTHER NON-CUR ASSETS 706 NA NA
DEFERRED CHARGES NA 237 NA
INTANGIBLES NA NA NA
DEPOSITS & OTH ASSET NA NA NA
TOTAL ASSETS 770 356 NA
ANNUAL LIABILITIES (000$)
FISCAL YEAR ENDING 02/28/95 02/28/94 02/28/93
NOTES PAYABLE NA NA NA
ACCOUNTS PAYABLE 242 10 NA
CUR LONG TERM DEBT NA NA NA
CUR PORT CAP LEASES NA NA NA
ACCRUED EXPENSES NA NA NA
INCOME TAXES NA NA NA
OTHER CURRENT LIAB NA NA NA
TOTAL CURRENT LIAB 242 10 NA
MORTGAGES NA NA NA
DEFERRED CHARGES/INC NA NA NA
CONVERTIBLE DEBT NA NA NA
LONG TERM DEBT NA NA NA
NON-CUR CAP LEASES NA NA NA
OTHER LONG TERM LIAB NA NA 310
TOTAL LIABILITIES 242 10 310
MINORITY INT (LIAB) NA NA NA
PREFERRED STOCK NA NA NA
COMMON STOCK NET 2,057 1,639 357
CAPITAL SURPLUS NA NA NA
RETAINED EARNINGS -1,530 -1,293 -667
TREASURY STOCK NA NA NA
OTHER EQUITIES NA NA NA
SHAREHOLDER EQUITY 527 346 -310
TOT LIAB & NET WORTH 770 356 NA
ANNUAL INCOME (000$)
FISCAL YEAR ENDING 02/28/95 02/28/94 02/28/93
NET SALES 517 NA NA
COST OF GOODS NA NA NA
GROSS PROFIT 517 NA NA
R & D EXPENDITURES NA NA NA
SELL GEN & ADMIN EXP 668 626 445
INC BEF DEP & AMORT -151 -626 -445
DEPRECIATION & AMORT 86 NA NA
NON-OPERATING INC NA NA NA
INTEREST EXPENSE NA NA NA
INCOME BEFORE TAX -237 -626 -445
PROV FOR INC TAXES NA NA NA
MINORITY INT (INC) NA NA NA
INVEST GAINS/LOSSES NA NA NA
OTHER INCOME NA NA NA
NET INC BEF EX ITEMS -237 -626 -445
EX ITEMS & DISC OPS NA NA NA
NET INCOME -237 -626 -445
OUTSTANDING SHARES 11,276 10,516 7,364
CASH FLOW PROVIDED BY OPERATING ACTIVITY ($000S)
Fiscal Year Ending 02/28/95 02/28/94
Net Income (Loss) -237 -625
Depreciation/Amortization 86 NA
Net Incr (Decr) Assets/Liabs 197 NA
Cash Prov (Used) by Disc Oper NA NA
Other Adjustments, Net NA NA
Net Cash Prov (Used) by Oper 46 -625
CASH FLOW PROVIDED BY INVESTING ACTIVITY ($000S)
Fiscal Year Ending 02/28/95 02/28/94
(Incr) Decr in Prop, Plant -35 -6,800
(Acq) Disp of Subs, Business NA NA
(Incr) Decr in Securities Inv NA NA
Other Cash Inflow (Outflow) -548 NA
Net Cash Prov (Used) by Inv -583 -6,800
CASH FLOW PROVIDED BY FINANCING ACTIVITY ($000S)
Fiscal Year Ending 02/28/95 02/28/94
Issue (Purchase) of Equity 418 745
Issue (Repayment) of Debt NA NA
Incr (Decr) In Borrowing NA NA
Dividends, Other Distribution NA NA
Other Cash Inflow (Outflow) NA 6,800
Net Cash Prov (Used) by Finan 418 7,545
Effect of Exchg Rate On Cash NA NA
Net Change in Cash or Equiv -118 119
Cash or Equiv at Year Start 119 NA
Cash or Equiv at Year End 0 119
COMMENTS:
COMPANY IN DEVELOPMENT STAGE (10-Q 05-31-94) (10-Q 08-31-94); TOTAL
OPERATING EXPENSES TREATED AS SELLING GENERAL & ADMINISTRATIVE EXPENSES
(10-Q 11-30-94) (10-K 02-28-94) (10-Q 05-31-95) (10-Q 08-31-95);
ACCOUNTS PAYABLE INCLUDES ACCRUED EXPENSES; FIVE YEAR SUMMARY DATA NOT
GIVEN FOR 10-KSB; 1994 BALANCE SHEET IS ADJUSTED; CHANGE OF ACCOUNTANT,
AUDITOR'S REPORT MISSING (10-K 02-28-95); COMPANY ERROR OF $561,887 IN
TOTAL SHAREHOLDERS' EQUITY (10-Q 08-31-95) |
