Mark, you "stold" part of what I was going to post. <s>
From FORM 10-QSB for quarter ending 6/97
Management has elected to omit substantially all of the disclosures and the statement of cash flows required by generally accepted accounting principles. If the omitted disclosures and the statement of cash flows were included in the financial statements, they might influence the user's conclusions about the company's financial position, results of operations, and cash flows.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this to be signed on its
behalf by the undersigned thereunto duly authorized.
AMAZON NATURAL TREASURES, INC.
Formerly Concord Capital, Inc.
BY: /s/ Michael Sylver,
President and Chief Financial Officer
Dated: October 18, 1996
sec.gov
next filing:
3. Is its anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
Yes X No
Plan of Operation
In March 1996, the Board of Directors approved an exchange of common shares
with Amazon Natural Treasures, Inc., a privately held Nevada Company.
Amazon Natural Treasures, Inc., is a Phyto Therapy Health Maintenance
Company. They produce and distribute health supplements derived from
plants and related species for the cure and treatment of human illnesses
and diseases.
sec.gov
Domingos Loricchio - Chairman of the Board of Directors.
Mr. Loricchio has been Chairman of the Board of Directors of the Company
since March 1996. Since 1975, Mr. Loricchio has been the President of ABRACEL
INDUSTRIA E COMERCIO, LTDA, in Sao Paulo, Brazil. Prior to 1975, Mr. Loricchio
was employed by Carborundum Company, in research and development in their San
Paulo plant. Mr. Loricchio holds a degree in chemistry from the Sorbonne -
University of Paris.
Michael A. Sylver - President, Chief Executive Officer and a member of the Board
of Directors
Mr. Sylver has over 20 years of executive level management, having formed
and operated several innovative management companies in the United States and
Canada. His management expertise created and development Energy Management
Corporation into, what was at one time, the largest independent company in
Nevada.
<PAGE> 35
Robert S. Qualey - Secretary/Treasurer, Chief Financial Officer and a member of
the Board of Directors.
Mr. Qualey has been Secretary/Treasurer, Chief Financial Officer and a
member of the Board of Directors since March 28, 1996. Since September 1988,
Mr. Qualey has been practicing attorney, licensed to practice in the state of
Nevada. Since May 1992, Mr. Qualey has served as a Judge Pro Tem in Las Vegas,
Nevada. Mr. Qualey holds a Masters degree in Business Administration from the
University of Nevada at Las Vegas (1985) and the degree of Juris Doctor from
Pepperdine University (1988).
Domingos Loricchio II - Senior Executive Vice President
In March 1996, Mr. Loricchio became the Senior Executive Vice President of
the Company. Since July 1985, Mr. Loricchio has been the manager of Abracel,
Ltd. of Brazil. Abracel manufactures products primarily designed for road
surface applications. Mr. Loricchio graduated from the University of San Paulo,
Brazil with a degree in Chemical Engineering.
Rocque Pucci - Executive Vice President.
Mr. Pucci served a combination of seven years in the United States Army
and Army Reserve, rising from private to captain after earning an appointment to
Officer Candidate School; his duty assignments included a tour in Vietnam. Mr.
Pucci has eighteen years of bank and financial management experience in addition
to over three years of business consulting background. He graduated magna cum
laude from St. Joseph's College, Philadelphia, Pennsylvania, where he earned a
Bachelor of Science in Business Administration.
sec.gov
Amazon Natural Treasures, Inc.
------------------------------------------------------
(Name of Registrant as Specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date 11/14/97 By ROUQUE C. PUCCI C.F.O.
----------------------------- ----------------------------------------
Rouque C. Pucci
PLAN OF OPERATION
In March 1996, the Board of Directors approved an exchange of common shares with
Amazon Natural Treasures, Inc., a privately held Nevada Company. Amazon Natural
Treasures, Inc., is a multi-faceted company which is a Phytogenics(R) Health
Maintenance Company along with bringing the treasures of the Brazilian Amazon
Rain Forest to the rest of the world. They produce and distribute health
supplements derived from plants and related species for the cure and treatment
of human illnesses and disease.
sec.gov
Date: By:
-------------------------- -----------------------------------
Michael Sylver President & Chief Financial Officer
sec.gov
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On December 5, 1997, Amazon Natural Treasures, Inc. (The Company) was
informed that Mr. Darrell Schvaneveldt resigned as the Company's auditor.
sec.gov
FORM 8-K/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On December 5, 1997, Amazon Natural Treasures, Inc. (the "Company") was
informed that on approximately November 3, 1997, Mr. Darrell Schvaneveldt
("Schvaneveldt") resigned as the Company's auditor. Prior to Schvaneveldt's
resignation, the Company's board of directors had recommended a change in
auditors.
Neither of Schvaneveldt's reports on the financial statements for the
Company's fiscal years ended December 31, 1995 and 1996 contained an adverse
opinion, nor was either qualified or modified as to uncertainty, audit scope or
accounting principles. During the Company's fiscal years ended December 31,
1995 and 1996 and the period ended November 3, 1997, the Company had no
disagreement with Schvaneveldt on any matter of accounting principles or
practices, financial statements disclosure, or auditing scope or procedure
which disagreement, if not resolved to the satisfaction of Schvaneveldt, would
have caused Schvaneveldt to make a reference to the subject matter of the
disagreement in connection with his reports.
SCHVANEVELDT AND COMPANY
CERTIFIED PUBLIC ACCOUNTANT
375 E. SOUTH TEMPLE, SUITE 300
SALT LAKE CITY, UTAH 84111
(801) 521-2392
DARRELL T. SCHVANEVELDT, C.P.A.
Securities and Exchange Commission
Washington, D.C. 20549
I have read Item 4 of Form 8-K of Amazon Natural Treasures, Inc., and
concur with the content theory.
/s/ Darrell Schvaneveldt
Darrell Schvaneveldt
December 16, 1997
sec.gov
Standard wording and may not reflect whatsoever to AZNT. This is good for all investors
to know in reviewing filings for any company.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
sec.gov
FORM 8-K
ITEM 4. CHANGES IN REGISTRANT'S STOCK TRANSFER COMPANY
On May 21, 1998, Amazon Natural Treasures, Inc. changed their stock
transfer agent from Fidelity Transfer Company to:
Pacific Stock Transfer Company
3690 S. Eastern Avenue
Las Vegas, NV 89109
Telephone: 702-361-3033
The reason for this change is for Amazon Natural Treasures, Inc. to have a
convenient and local stock transfer company available in Las Vegas.
sec.gov
Date: 5/22/98 By: /s/ Michael Sylver
-------------------------- ------------------------------------
Michael Sylver President & Chief Financial Officer
sec.gov
On November 10, 1998, the Company cancelled the following shares of Common
issued to the Principals (and related parties) and exchanged them for
preferred voting only shares:
<TABLE>
<CAPTION>
Name Number of Shares Exchanged
<S> <C>
Michael A. Sylver 17,169,813
Gary Sylver 1,999,000
Morris Sylver 10,000,000
Darral Sylver 152,000
Phillip Sylver 152,000
Robert S. Qualey 5,222,000
Domingos Loricchio 7,110,000
Domingos Loricchio Jr. 5,500,000
Denise Loricchio 3,000,000
Roc and Sherri Pucci Jt Ten 1,814,300
Allan Sylver 305,000
Benita Sylver 371,000
----------
Total Shares Exchanged 52,795,113
</TABLE>
The aforementioned common shares were cancelled in exchange for preferred
voting only shares for the reason that the Principals of the Corporation, as
previously arranged in early 1998, wished to decrease the number of
outstanding common shares seeing that the principals have no intention of
selling any of their shares.
The deduction of these 52,795,113 from the total outstanding shares leaves
a total of outstanding common stock at 13,022,502.
sec.gov
INDEPENDENT AUDITOR'S REPORT
The Board of Directors and Stockholders
Amazon Natural Treasures, Inc.
4011 West Oquendo Road, Suite C
Las Vegas, NV 89118
We have audited the Balance Sheet of Amazon Natural Treasures, Inc. as of
December 31, 1997 and the related Statements of Income, Retained Earnings,
and Cash Flows for the year then ended. These financial statements are the
responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit. The
financial statements of Amazon Natural Treasures, Inc. as of December 31,
1996 before the restatement described in Note 17 were audited by other
auditors whose report dated April 26, 1997 expressed an unqualified
opinion with a going concern uncertainty on those statements.
We conducted our audit in accordance with generally accepted auditing stan-
dards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant esti-
mates made by management, as well as evaluating the overall financial state-
ment presentation. We believe that our audit provides a reasonable basis for
our opinion.
In our opinion, the 1997 financial statements referred to above present
fairly, in all material respects, the financial position of Amazon Natural
Treasures, Inc. as of December 31, 1997, and the results of its operations
and its cash flows for the year then ended in conformity with generally
accepted accounting principles.
We also audited the adjustments described in Note 17 that were applied to
restate the 1996 financial statements. In our opinion, such adjustments are
appropriate and have been properly applied.
As discussed in Note 3, the Company has numerous related party transactions
and is dependent upon a related party supplier for its phytogenics
products. In addition, as discussed in Note 1, the company is dependent on
its ability to continue to operate within United States Government guide-
lines for nutritional supplements.
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 5, the
Company has been in the development stage. Further, the Company has sustained
losses of $8,830,151 since its inception on June 27, 1995 and has experienced
cash flow problems. Realization of a major portion of the assets is depen-
dent upon the Company's ability to meet its future financing requirements,
and the success of future operations. These factors raise substantial doubt
about the Company's ability to continue as a going concern. The financial
statements do not include any adjustments that might result from the outcome
of this uncertainty.
Las Vegas, Nevada
July 17, 1998
sec.gov
REVENUES
SALES $ 536,582 $ 30,770
DAMAGE CLAIMS 995 0
INTEREST INCOME 400 1,716
DISCOUNTS & GIFT CERTIFICATES (46,426) 0
MISCELLANEOUS INCOME 111 0
-------- -------
TOTAL REVENUES 491,662 32,487
-------- -------
COST OF SALES
PURCHASES 2,287 8,507
PROCESSING COSTS 135 1,311
FREIGHT-IN 2,093 720
SHIPPING EXPENSE 7,112 10,795
COMMISSIONS 0 175
------ ------
TOTAL COST OF SALES 11,627 21,509
Date: 12/02/98 By: MICHAEL A. SYLVER
__________________________ ___________________________________
Michael Sylver, President & Chief
Financial Officer
sec.gov
NOTE 17 - 1996 RESTATEMENT
As indicated in the auditors' report, the 1996 financial statements were
audited by other accountants. During the course of performing the audit of
1997, it became evident that certain transactions completed in 1996 required
adjustment. In 1996, the Company entered into a licensing agreement with a
related party. Under the agreement the Company received the exclusive right
to utilize certain technologies in the production of its phytogenics products.
As consideration for these rights, the Company agreed to issue approximately
5,000,000 shares of its common stock. At the time of the signing of this
agreement, the Company's stock was trading at approximately $1.50 per share.
Since there was no quantifiable value for the technologies obtained, the
transaction was recorded at the par value of the stock issued ($.001 per
share) or $5,000. The Company subsequently determined that this transaction
should have been recorded at the fair value of the stock rather than
the par value. This resulted in an increase to assets and equity of
$7,495,000. During the audit of the 1997 financial statements, management
of the Company concluded that while the valuation of this transaction complied
with generally accepted accounting principles, the underlying assets obtained
could not be objectively valued. An adjustment was consequently posted to
reflect this inability to objectively quantify any value. The net effect
of these transactions was to increase Additional Paid-In Capital by $7,495,000
and increase the 1996 loss by the same amount resulting in no change to total
equity or total assets. The transaction did however, generate additional
operating losses. These adjustments have been audited by the current year
auditors and the 1996 financial statements presented herein reflect these
adjustments. A summary of the accounts affected in 1996 is as follows:
<TABLE>
<CAPTION>
Before Restatement After Restatement
------------------ -----------------
<S> <C> <C>
Balance Sheet Accounts
- ----------------------
Licenses and Trademarks $ 5,000 $ 5,000
Additional Paid-In Capital 211,088 7,706,087
Accumulated Deficit (238,687) (7,733,686)
Income Statements Accounts
- --------------------------
Loss on Impairment - 7,495,000
Net Loss for 1996 (220,709) (7,715,709)
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
and Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized, on this
day of
AMAZON NATURAL TREASURES, INC.
(Registrant)
BY: MICHAEL A. SYLVER
President
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following person on
behalf of the Registrant and in the capacities and on this 19th day
of November, 1998.
SIGNATURES TITLE
DOMINGOS LORICCHIO
- ------------------------------------- Chairman of the Board of
Domingos Loricchio Directors
MICHAEL A. SYLVER
- ------------------------------------- President, Chief Executive
Michael A. Sylver Officer, and member of the
Board of Directors
DOMINIGOS LORICCHIO II
- ------------------------------------- Senior Executive Vice
Domingos Loricchio II President, Director, and Secretary
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH
REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY
REGISTRANTS WHICH HAVE NOT REGISTERED SECUREITIES
PURSUANT TO SECTION 12 OF THE ACT.
No annual report material has been forwarded to securities holders
of the Registrant during the period covered by this report or for the
previous five calendar years ended December 31; however, if any annual
report or proxy material is furnished to security holders in connection
with the annual meeting of stockholders to be held in 1999, a copy of any
such annual report or proxy materials shall be forwarded to the Commission
when it is forwarded to security holders.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
Now about that common stock option exercised at .0001 per share
What was the value received for that? How was that recognized as income to
the beneficiary?
AMAZON NATURAL TREASURES, INC.
Date: November 12, 1999
By: /S/ MICHAEL A. SYLVER
Michael A. Sylver
President and Chief Financial Officer
Amazon Natural Treasures, Inc. is seeking a GRAS (Generally Recognized as
Safe) Exemption Claim under the GRAS Notification Procedure for one of its
food flavoring products.
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