IMHO positive numbers in one more quarter:
November 21, 2001
PACIFIC SANDS INC (PFSD.OB)
Quarterly Report (SEC form 10QSB)
Item 2. Management's Discussion and Analysis or Plan of Operation
RESULTS OF OPERATIONS
RESULTS OF OPERATIONS (THREE MONTHS ENDED
SEPTEMBER 30, 2001 COMPARED TO THREE MONTHS ENDED
SEPTEMBER 30, 2000).
The Company reported a loss of approximately $85,000 or $.01 per
share for the first quarter of fiscal year 2002. This compares
with a loss of approximately, $126,000 or $.01 per share for the
first quarter 2001. The decrease in loss was due primarily to the
decrease of selling, general and administrative expenses,
specifically a reduction of compensation and consulting fees.
LIQUIDITY AND CAPITAL RESOURCES
On September 30, 2001 the company had cash of approximately
$7,000. The principle source of liquidity was sales of common
stock for net proceeds of $45,000.
Management anticipates that additional capital will be required
to finance the Company's operations. The Company believes that
anticipated proceeds from the sales of securities will be
sufficient to finance the Company's operations at currently
anticipated levels for a period of at least twelve months.
However, there can be no assurance that the Company will not
encounter unforeseen difficulties that may deplete its capital
resources more rapidly than anticipated or it may not be able to
raise additional funds from the sale of securities as planned.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Pacific Sands, Inc. (the "Company" or "Pacific Sands") was incorporated in the State of Nevada on July 7, 1994. The Companies fiscal year ends June 30. The Company is a C-Corporation for federal income tax purposes. The Company does not have subsidiaries or affiliated entities.
The Company does business as "Natural Water Technologies," and produces a nontoxic compound for eliminating germs and bacteria for use in spas and cleaning products. The Company's target markets include retail and industrial uses. The Company is currently marketing retail spa products and testing equipment for industrial use. Such industrial use tests have brought positive results. As such, the Company believes its marketing of its products for industrial use will yield positive financial benefits for the Company in the future.
This 10-Q includes "forward-looking statements" within the meaning of the "safe-harbor' provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of factors which could mean the actual result may materially differ from those described in the forward-looking statement. Although the Company believes these forward-looking statements to be reasonable there can be no assurance that such expectations will prove to be correct.
Management has worked to increased revenues through increased sales by the Company. The Company does experience difficulties due to lack of liquidity and has experienced and operating loss of $84,945. Management is seeking to improve liquidity by increasing revenues, striving to become more profitable, increase marketing potential of the Company's products and secure adequate financing for its future operational plan. However, there can be no assurance that management will be successful in their endeavors.
The Company has no material commitments for any significant capital expenditures at this time. |
