Item 1.
FINANCIAL STATEMENTS
The
accompanying balance sheets of Yummies, Inc. ( development stage
company) at June 30, 2008 and September 30, 2007, and the
related statements of operations for the three and nine months ended
June 30, 2008 and 2007 and the period June 16, 1977 to June 30, 2008
, and statements of cash flows for the nine months ended June 30, 2008 and 2007
and the period June 16, 1977 to June 30, 2008 have been
prepared by the Company=s management
in conformity with accounting principles generally accepted in the United States
of America. In the opinion of management, all adjustments considered
necessary for a fair presentation of the results of operations and financial
position have been included and all such adjustments are of a normal recurring
nature.
Operating results
for the quarter ended June 30, 2008, are not necessarily indicative of the
results that can be expected for the year ending September 30,
2008.
YUMMIES,
INC.
(A
Development Stage Company)
BALANCE
SHEETS
JUNE
30, 2008 AND SEPTEMBER 30, 2007
|
June
30,
|
September
30,
|
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|
Assets
|
||||||||
|
Current
Assets:
|
||||||||
|
Cash
|
$ | 5,021 | $ | 3,499 | ||||
|
Total current assets
|
5,021 | 3,499 | ||||||
|
Total Assets
|
$ | 5,021 | $ | 3,499 | ||||
|
Liabilities
and Stockholders'
Deficit
|
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|
Current
Liabilities:
|
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|
Accounts payable
|
$ | 3,511 | $ | 3,606 | ||||
|
Interest
payable
|
1,128 | |||||||
|
Note payable
|
2,105 | 2,105 | ||||||
|
Notes payable, stockholders
|
11,000 | 6,000 | ||||||
|
Total current liabilities
|
17,744 | 12,186 | ||||||
|
Stockholders'
Deficit:
|
||||||||
|
Common stock, $.001 par value
|
||||||||
|
50,000,000 shares authorized,
|
||||||||
|
2,505,000 issued and outstanding
|
2,505 | 2,505 | ||||||
|
Additional paid-in capital
|
11,987 | 11,987 | ||||||
|
Deficit accumulated during the
|
||||||||
|
development stage
|
(27,215 | ) | (23,179 | ) | ||||
|
Total Stockholders' Deficit
|
(12,723 | ) | (8,687 | ) | ||||
|
Total Liabilities and
|
||||||||
|
Stockholders'
Deficit
|
$ | 5,021 | $ | 3,499 | ||||
The
accompanying notes are an integral
part of
the financial statements.
YUMMIES,
INC.
(A
Development Stage Company)
STATEMENTS
OF OPERATIONS
|
For
the
|
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|
Period
|
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|
For
the
|
For
the
|
For
the
|
For
the
|
June
10, 1998
|
||||||||||||||||
|
Three
Months
|
Three
Months
|
Nine
Months
|
Nine
Months
|
(Inception)
|
||||||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
Through
|
||||||||||||||||
|
June
30,
|
June
30,
|
June
30,
|
June
30,
|
June
30,
|
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|
Revenues
|
$ | -- | $ | -- | $ | -- | $ | -- | $ | -- | ||||||||||
|
Expenses,
general
|
||||||||||||||||||||
|
and administrative
|
1,524 | 3,383 | 4,417 | 26,087 | ||||||||||||||||
|
Operating loss
|
(577 | ) | (1,524 | ) | (3,383 | ) | (4,417 | ) | (26,087 | ) | ||||||||||
|
Other
income (expense)
|
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|
Interest expense
|
(263 | ) | (162 | ) | (653 | ) | (311 | ) | (1,128 | ) | ||||||||||
|
Net loss
|
$ | (840 | ) | $ | (1,686 | ) | $ | (4,036 | ) | $ | (4,728 | ) | $ | |||||||