U. S. Securities and Exchange Commission Washington, D. C. 20549 FORM 10-QSB/A [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2000 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to -------------- ------------------ Commission File No. 0-27305 COMSTOCK COAL COMPANY, INC. (Name of Small Business Issuer in its Charter) UTAH 87-0627421 (State or Other Jurisdiction of (I.R.S. Employer I.D. No.) incorporation or organization) 5525 South 900 East, Suite 110 Salt Lake City, Utah 84117 (Address of Principal Executive Offices) Issuer's Telephone Number: (801)262-8844 None, Not Applicable; ----------- (Former Name or Former Address, if changed since last Report) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. (1) Yes X No (2) Yes X No ---- ---- ---- ---- APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS None, Not Applicable; APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date: March 31, 2000 2,347,100 PART I - FINANCIAL INFORMATION Item 1.Financial Statements. The Financial Statements of the Registrant required to be filed with this 10-QSB Quarterly Report were prepared by management and commence on the following page, together with related Notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.
COMSTOCK COAL COMPANY, INC. [A Development Stage Company] BALANCE SHEETS March 31, 2000 and December 31, 1999 03/31/00 12/31/99 ---------------- ----------------- [Unaudited] ASSETS Total Current Assets $ 0 $ 0 ---------------- -------------- TOTAL ASSETS $ 0 $ 0 ================ ============== LIABILITIES & STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities Loans from stockholders $ 4,067 $ 2,642 Accounts Payable 0 0 Income Taxes Payable 0 0 ---------------- -------------- Total Current Liabilities 4,067 $ 2,642 ---------------- -------------- TOTAL LIABILITIES 4,067 0 ================ ============== STOCKHOLDERS DEFICIT Common Stock, $.001 par value; authorized 100,000,000 shares; issued and outstanding 2,398,000 shares 2,398 2,398 Paid-in Capital 77,950 77,950 Accumulated Deficit (84,415) (82,990) ---------------- -------------- TOTAL STOCKHOLDERS'DEFICIT (4,067) (2,642) ---------------- -------------- TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT $ 0 $ 0 ================ ================
NOTE TO FINANCIAL STATEMENTS: Interim financial statements reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the periods. The March 31, 2000 balance sheet has been derived from the audited financial statements. These interim financial statements conform with the requirements for interim financial statements and consequently do not include all the disclosures normally required by generally accepted accounting principles.
COMSTOCK COAL COMPANY, INC. [A Development Stage Company] STATEMENTS OF OPERATIONS From the Beginning of the Development Three Months Three Months Stage on July 28, 1977 Ended Ended Through March 31, 2000 03/31/2000 03/31/1999 ------------------ ------------ ---------------------- [Unaudited] [Unaudited] REVENUE Income $ 0 $ 0 $ 0 ------------------ ------------- --------------------- NET REVENUE 0 0 0 OPERATING EXPENSES General & Administrative 1,425 0 84,415 ------------------ ------------- --------------------- TOTAL OPERATING EXPENSES 1,425 0 84,415 ------------------ ------------- --------------------- NET INCOME BEFORE TAXES $ (1,425) 0 (84,415) ================== ============= ================== INCOME/FRANCHISE TAXES 0 0 0 NET LOSS (1,425) 0 (84,415) LOSS PER SHARE $ (0.01) 0 ================== ============= WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 2,347,100 26,611,531 ================== =============
COMSTOCK COAL COMPANY, INC. [A Development Stage Company] STATEMENTS OF CASH FLOWS For the Three Month Periods Ended March 31, 2000, March 31, 1999 From the Beginning of the Development Three Months Three Months Stage on July 28, 1977 Ended Ended Through March 31, 2000 03/31/2000 03/31/1999 ----------------- ------------- ---------------------- [Unaudited] [Unaudited] Cash Flows Used For Operating Activities - ---------------------------------------- Net Loss $ (1,425) $ (191) $ (84,415) Adjustments to reconcile net loss to net cash used in operating activities: Loss on discountinued operations 78,050 Increase/(Decrease) in Accounts Payable 0 0 0 Increase/(Decrease) in loans from shareholder 1,425 191 6,365 ----------------- ------------ ------------ Net Cash Used For Operating Activities $ 0 $ 0 $ 0 ================= ============ ============ Cash Flows Provided by Financing Activities - ------------------------------------------- Net Increase In Cash 0 0 0 Beginning Cash Balance 0 0 0 Ending Cash Balance $ 0 $ 0 $ 0 ================= ============ ============
Item 2.Management's Discussion and Analysis or Plan of Operation. Plan of Operation. The Company has not engaged in any material operations in the period ending March 31, 2000, or since before April 1986. The Company intends to continue to seek out the acquisition of assets, property or business that may be beneficial to the Company and its stockholders. The Company's only foreseeable cash requirements during the next 12 months will relate to maintaining the Company in good standing in the State of Utah, keeping its reports "current" with the Securities and Exchange Commission or the payment of expenses associated with reviewing or investigating any potential business venture. Management does not anticipate that the Company will have to raise additional funds during the next 12 months, however, if additional moneys are needed, they may be advanced by management or principal stockholders as loans to the Company. Because the Company has not identified any such venture as of the date of this Report, it is impossible to predict the amont of any such loan. However, any such loan will not exceed $25,000 and will be on terms no less favorable to the Company than would be available from a commercial lender in an arm's length transaction. As of the date of this Report, the Company has not begun seeking any acquisition. Results of Operations. The Company has had no operations during the quarterly period ended March 31, 2000, or since on or before approximatly 1986. During the quarterly period covered by this Report, the Company received no revenue and incurred expenses of $1,425, stemming from general, administrative and tax expenses. Liquidity At March 31, 2000, the Company had total current assets of $0 and total liabilities of $4,067. PART II - OTHER INFORMATION Item 1.Legal Proceedings. None; not applicable. Item 2.Changes in Securities. None; not applicable Item 3.Defaults Upon Senior Securities. None; not applicable. Item 4.Submission of Matters to a Vote of Security Holders. None; not applicable Item 5.Other Information. None; applicable Item 6.Exhibits and Reports on Form 8-K. None; not applicable (b)Reports on Form 8-K. None; Not Applicable. 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 thereunto duly authorized. COMSTOCK COAL COMPANY, INC. Date:08/07/00 By/S/ JAMES DOOLIN James Doolin, President and Director Date:08/07/00 By/S/ JASON JENSON Jason Jenson, Secretary and Director