Company Information

  

Address: 2479 E BAYSHORE RD.
SUITE 200 
City: PALO ALTO 
State: CA 
Zip Code: 94303 
Telephone: 650-352-7580 

Description of Business

Primary SIC Code: 6770
(As filed with the SEC)  

We are a Delaware corporation formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses, which we refer to throughout this Annual Report as our initial business combination. Although we have identified potential initial business combination targets, we have not as of the date of this Annual Report determined to effect an initial business combination with any particular target. We seek to capitalize on the significant experience and contacts of our management team to complete our initial business combination. We believe our management team's distinctive background and record of acquisition and operational success could have a transformative impact on verified target businesses.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2019-0.62NAN/E
03/2019-0.60NAN/E
09/2018-0.40NAN/E

Key Financial Ratios and Statistics

FYE: 09/30

Profitability 2018 Leverage 2018
Net Inc/Comm Equity-0.12Total Liab/Total Assets0.01
Net Inc/Total Assets0.00Total Liab/Inv Cap0.01
Net Inc/Inv Cap0.00Total Liab/Comm Equity0.19
Pretax Inc/Net SalesNAInterest Coverage RatioNA
Net Inc/Net SalesNACurr Debt/EquityNA
Cash Flow/Net SalesNALTD/EquityNA
SG&A/NetSalesNATotal Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick Ratio0.67
Inventory TurnoverNACurrent Ratio0.67
Inventory Day SalesNANet Rec/Curr Assets0.01
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2019 3/31/2019 12/31/2018 9/30/2018
Total Revenues(Net Sales) 0.00 0.00 0.00 0.00
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 0.62 0.82 0.70 1.09
Operating Income -0.62 -0.82 -0.70 -1.09
Interest Exp NA NA NA NA
Pretax Income 0.09 -0.02 0.05 -0.42
Other Income 0.71 0.80 0.75 0.67
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -0.11 -0.25 -0.16 -0.65

Balance Sheet (Millions)

Assets 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Cash & Short Term Investments 0.33 0.14 0.32 0.60
Receivables - Total 0.01 0.00 0.00 0.01
Inventories - Total NA NA NA NA
Total Current Assets 0.37 0.18 0.42 0.71
Net Property, Plant & Equipment NA NA NA NA
Total Assets 78.36 147.72 146.13 145.90
Liabilities        
Accounts Payable 4.02 1.62 1.24 0.84
Debt in Current Liabilities NA 1.44 NA NA
Total Current Liabilities 4.23 3.29 1.46 1.06
Long-Term Debt NA NA NA NA
Total Liabilities 4.23 3.29 1.46 1.06
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -1.19 -1.08 -0.83 -0.67
Treasury Stock NA NA NA NA
Total Stockholders' Equity 5.00 5.00 5.00 5.00
Total Liabilities and Stockholders' Equity 9.23 8.29 6.46 6.06

Cash Flow Summary (Millions)

Categories 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Net Cash Provided by Operating Activities -0.52 -0.60 -0.50 -0.48
Net Cash Provided by Investing Activities 70.25 -1.02 0.22 0.20
Net Cash Provided by Financing Activities -69.54 1.44 0.00 0.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
09/20180.00-0.67-0.40
Growth Rates------

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/192538,716--




Report Date : 9/9/2019

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