Joe, here was the feb 98 financials for fgrx i was telling you about--fgrx was a part of cruz--or was cruz--not sure which way it is
nnual Report:
AUDITORS: Barry L. Freidman, Las Vegas, Nev.
ANNUAL REPORT: Inc. Acct.: $
Jan. 1 '98 Yr. Yr.
to End. End.
Feb. 14 '98 Dec. 31 '97 Dec. 31 '96
Sell. gen. & admin.
exps...............................575 1,535 ---
Amortization.........................2 27 27
Net income......................d577 d1,562 d27
*Share earns.......................Nil Nil Nil
Avge. com. & com.
equiv. shs...................5,000,000 5,000,000 5,000,000
dDeficit.
*Based on avge. shs., adjtd. for July '97 50-for-1 forward split.
Note: Growth Industries Inc. was incorporated in the State of
Nevada in June '95, under the name Frozen Assets Inc. The Co. was
formed to engage in the business locating and acquiring a viable
business entity. In Mar. '98 the company changed its name to Growth
Industries Inc. In Mar. '98 the assets of Fragrance Express were
acquired by Growth Industries Inc. & Sea Bridge Shipping Inc.
Balance Sheet: $
Assets- Feb. 14 '98 Dec. 31 '97
Tot. curr. assets................................--- ---
Organization costs..................................65 67
Total assets......................................65 67
Liabilities-.......................................
Accts. pay.......................................2,110 1,535
Tot. curr. liabs...............................2,110 1,535
*Com. stk. p.$0.001..............................5,000 5,000
Paid-in cap....................................dr4,000 dr4,000
Retained earns..................................d3,045 d2,468
Total liabs.......................................65 67
Net wkg. cap....................................d2,110 d1,535
Equity per sh........................................@ @
dDeficit.
*Com. shs.:................................5,000,000 5,000,000
@Not computed by S&P because of deficit in stockholders' equity.
Copyright © 1998, Standard & Poor's |
