Form 10-QSB
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(X) Quarterly report under section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended March 31, 2004.
( ) Transition report under section 13 or 15(d) of the Securities
Exchange Act of 1934.
Commission File No: 000-30023
OSK CAPITAL III CORP.
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(Name of small business in its charter)
Colorado 84-1491676
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(State or other (IRS Employer Id. No.)
jurisdiction of Incorporation)
P. O. Box 461029, Glendale, Co 80220
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(Address of executive offices) Zip Code
(303) 394-1187
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(Issuer's telephone number, including area code)
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Former name, former address and former fiscal year, if changed since
last report)
Indicate by check mark whether the issuer (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act 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.
Yes __X__ No _____
Indicate the number of shares outstanding of each of the issuer's classes
of stock, as of the latest practicable date.
Class of Securities Share Outstanding
at April 27, 2004
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Common Stock, $.001 par value 3,316,000
Transitional Small Business Disclosure Format
Yes _____ No __X__
INDEX
PART 1 - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
(a) The financial statements of registrant for the three months
ended March 31, 2004, follow. The financial statements reflect all
adjustments which are, in the opinion of management, necessary to a fair
statement of the results for the interim period presented.
OSK CAPITAL III CORP.
(A Development Stage Company)
FINANCIAL STATEMENTS
Quarter Ended March 31, 2004
CONTENTS
Balance Sheet 1
Statements of Operations 2
Statements of Cash Flows 3
Notes to Financial Statements 4
OSK CAPITAL III CORP.
(A Development Stage Company)
BALANCE SHEET
March 31, 2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1,614
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Total current assets 1,614
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TOTAL ASSETS $ 1,614
=========
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable $ -
---------
Total current liabilities -
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value;
25,000,000 shares authorized;
3,316,000 shares issued and
outstanding 3,316
Additional paid-in capital 74,582
Deficit accumulated during the
development stage (76,284)
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1,614
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TOTAL LIABILITIES AND STOCKHOLDERS'
DEFICIT $ 1,614
=========
The accompanying notes are an integral part of the financial statements.
1
OSK CAPITAL III CORP.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
For the
period from For the For the
inception three three
(March 2, months months
1999) to ended ended
March 31, March 31, March 31,
2004 2004 2003
----------- ---------- ----------
REVENUES $ - $ - $ -
----------- ---------- ----------
EXPENSES
Selling, general and
administrative 76,284 1,887 175
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Total expenses 76,284 1,887 175
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NET INCOME/(LOSS) (76,284) (1,887) (175)
Accumulated deficit
Balance, Beginning
of period - (74,397) (73,184)
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Balance,
End of period $ (76,284) $ (76,284) $ (73,359)
=========== ========== ==========
NET LOSS PER SHARE $ (0.02) $ (NIL) $ (NIL)
=========== ========== ==========
WEIGHTED AVERAGE NUMBER
OF SHARES
OUTSTANDING 3,286,151 3,316,000 3,316,000
=========== ========== ==========
The accompanying notes are an integral part of the financial statements.
2
OSK CAPITAL III CORP.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
For the period
from inception
(March 2, For the three For the three
1999) to months ended months ended
March 31, March 31, March 31,
2004 2004 2003
-------------- ------------- -------------
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net Loss $ (76,284) $ (1,887) $ (175)
Adjustments to reconcile
net loss to net cash flows
from operating activities:
Decrease in accounts payable - (38) -
Stock issued for services 60,900 - -
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Net cash flows from
operating activities (15,384) (1,925) (175)
CASH FLOWS FROM
INVESTING ACTIVITIES - - -
CASH FLOWS FROM
FINANCING ACTIVITIES
Shareholder Contributions 10,228 1,800 -
Issuance of common
stock 6,770 - -
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Net cash flows from
financing activities 16,998 1,800 -
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Net increase (decrease)
in cash and cash
equivalents 1,614 (125) (175)
CASH AND CASH EQUIVALENTS,
Beginning of Period - 1,739 214
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CASH AND CASH EQUIVALENTS,
End of Period $ 1,614 $ 1,614 $ 39
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The accompanying notes are an integral part of the financial statements.
3
OSK CAPITAL III CORP.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
March 31, 2004
1. Management's Representation of Interim Financial Information
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The accompanying financial statements have been prepared by OSK Capital
III Corp. without audit pursuant to the rules and regulations of
the Securities and Exchange Commission. Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted
as allowed by such rules and regulations, and management believes that the
disclosures are adequate to make the information presented not misleading.
These financial statements include all of the adjustments which, in the opinion
of management, are necessary to a fair presentation of financial position and
results of operations. All such adjustments are of a normal and recurring
nature. These financial statements should be read in conjunction with the
audited financial statements at December 31, 2003.
4
Item 3. Controls and Procedures
As of the end of the period covered by this report, the Company conducted
an evaluation, under the supervision and with the particiation of the
Chief Executive Officer and Chief Financial Officer, of the Company's
disclosure controls and procedures (as defined in Rules 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act").
Based on this evaluation, the Chief Executive Officer and Chief Financial
Officer concluded that the Company's disclosure controls and procedures
are effective to ensure that information required to be disclosed by the
Company in reports that it files or submits under the Exchange Act is
recorded, processed, summarized and reported within the time periods
specified in Securities and Exchange Commission rules and forms. There
was no change in the Company's internal control over financial reporting
during the Company's most recently completed fiscal quarter that has
materially affected, or is reasonably likely to materially affect, the
Company's internal control over financial reporting.
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
31.1 Certifications pursuant to Rule 13a-14(a) or 15d-14(a)
under the Securities Exchange Act of 1934, as amended.
32.1 Certifications of Chief Executive Officer and Chief
Financial Officer of the Company, pursuant to 18 U.S.C
Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002.
(b) Reports on Form 8-K
None
Signatures
Pursuant to the requirements of the Exchange Act of 1934, as amended, the
Registrant has caused this report to be signed on its behalf by the undersigned
duly authorized person.
OSK CAPITAL III CORP.
Date: May 17, 2004
By: /s/ Frank Kramer,
Chief Financial Officer