(Mark
one)
|
||
ý
|
QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934.
|
o
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
|
Nevada
|
98-0377768
|
|
(State
or Other Jurisdiction
of
Incorporation or
Organization)
|
(I.R.S.
Employer
Identification
No.)
|
TITLE
OF CLASS
|
NUMBER
OF SHARES
OUTSTANDING
|
|
Common
Stock, $0.001 par value.
|
41,900,000
|
Financial
Statements of FII International, Inc. (A Company in the Development
Stage):
|
|
Balance
Sheet as of September 30, 2006
|
1
|
Statements
of Operations For Each of the Three-Month and Nine-Month Periods
Ended
September 30, 2006 and 2005 and for the Period from March 22, 2002
(Inception) to September 30, 2006
|
2
|
Statements
of Cash Flows For Each of the Nine-Month Periods Ended September
30, 2006
and 2005 and for the Period From March 22, 2002 (Inception) to September
30, 2006
|
3
|
Notes
to the Financial Statements as of September 30, 2006 and For Each
of the
Three-Month and Nine-Month Periods Ended September 30, 2006 and 2005
and
for the Period From March 22, 2002 (Inception) to September 30, 2006
|
4
|
ASSETS
|
||||
Current
assets:
|
||||
Cash
|
$
|
286
|
||
Total
current assets
|
286
|
|||
Inventory
|
1,370
|
|||
Total
assets
|
$
|
1,656
|
||
LIABILITIES
AND SHAREHOLDERS' DEFICIT
|
||||
Current
liabilities:
|
||||
Accounts
payable and accrued liabilities
|
$
|
1,555
|
||
Total
current liabilities
|
1,555
|
|||
Due
to related parties
|
15,813
|
|||
Total
liabilities
|
17,368
|
|||
Commitments
and contingencies
|
||||
Shareholders'
deficit:
|
||||
Common
stock, $.001 par value, 200,000,000 shares authorized, 25,200,000
shares
issued and outstanding
|
25,200
|
|||
Additional
paid in capital
|
4,389
|
|||
Deficit
accumulated during the development stage
|
(45,301
|
)
|
||
Total
shareholders' deficit
|
(15,712
|
)
|
||
Total
liabilities and shareholders' deficit
|
$
|
1,656
|
||
For
the
|
||||||||||||||||
Period
From
|
||||||||||||||||
May
3, 2002
|
||||||||||||||||
For
the Three-Month Period Ended
|
For
the Nine-Month Period Ended
|
(Inception)
to
|
||||||||||||||
September
30,
2006
|
September
30,
2005
|
September
30,
2006
|
September
30,
2005
|
September
30,
2006
|
||||||||||||
Operating
expenses:
|
||||||||||||||||
General
and administrative
|
$
|
517
|
$
|
121
|
$
|
1,076
|
$
|
1,763
|
$
|
14,813
|
||||||
Professional
fees
|
1,509
|
948
|
4,667
|
4,158
|
28,024
|
|||||||||||
Travel
and trade shows
|
—
|
—
|
2,464
|
—
|
2,464
|
|||||||||||
Total
operating expenses
|
2,026
|
1,069
|
8,207
|
5,921
|
45,301
|
|||||||||||
Net
loss
|
$
|
(2,026
|
)
|
$
|
(1,069
|
)
|
$
|
(8,207
|
)
|
$
|
(5,921
|
)
|
$
|
(45,301
|
)
|
|
Net
loss per common share - basic and fully diluted
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
|
Weighted
average number of shares outstanding
|
25,200,000
|
25,200,000
|
25,200,000
|
22,184,616
|
21,053,846
|
|||||||||||
For
the
|
||||||||||
Period
From
|
||||||||||
May
3, 2002
|
||||||||||
For
the Nine-Month Period Ended
|
(Inception)
to
|
|||||||||
September
30, 2006
|
September
30, 2005
|
September
30, 2006
|
||||||||
Cash
flows from operating activities:
|
||||||||||
Net
loss
|
$
|
(8,207
|
)
|
$
|
(5,921
|
)
|
$
|
(45,301
|
)
|
|
Adjustments
to reconcile net loss to net cash provided by (used in) operating
activities:
|
||||||||||
Changes
in operating assets and liabilities:
|
||||||||||
Accrued
interest
|
—
|
89
|
—
|
|||||||
Prepaid
expenses
|
—
|
150
|
—
|
|||||||
Accounts
payable
|
(3,907
|
)
|
263
|
1,555
|
||||||
Inventory
|
(1,370
|
)
|
—
|
(1,370
|
)
|
|||||
Net
cash used in operating activities
|
(13,484
|
)
|
(5,419
|
)
|
(45,116
|
)
|
||||
Cash
flows provided by financing activities:
|
||||||||||
Proceeds
on the sale of common stock
|
—
|
—
|
29,589
|
|||||||
Related
parties advances
|
13,138
|
5,175
|
15,813
|
|||||||
Net
cash provided by financing activities
|
13,138
|
5,175
|
45,402
|
|||||||
Net
increase (decrease) in cash
|
(346
|
)
|
(244
|
)
|
286
|
|||||
Cash
- beginning of period
|
632
|
1,842
|
—
|
|||||||
Cash
- end of period
|
$
|
286
|
$
|
1,598
|
$
|
286
|
||||
Supplemental
Disclosure of Non-Cash Financing Activities
|
||||||||||
Cash
paid for interest
|
—
|
—
|
—
|
|||||||
Cash
paid for taxes
|
—
|
—
|
-1
|
|||||||
1. |
Interim
Presentation
|
2. |
Subsequent
Event
|
2. |
Subsequent
Event, Continued
|
ANI
|
Pro
Forma
|
|||||||||
Historical
|
Adjustments
|
Balance
|
||||||||
Cash
|
$
|
186,258
|
$
|
675,070
|
$
|
861,328
|
||||
Property
and equipment
|
1,313,652
|
—
|
1,313,652
|
|||||||
Other
assets
|
120
|
—
|
120
|
|||||||
Total
assets
|
$
|
1,500,030
|
$
|
675,070
|
$
|
2,175,100
|
||||
Accounts
payable
|
$
|
100,580
|
—
|
$
|
100,580
|
|||||
Advances
payable - related party
|
60,526
|
—
|
60,526
|
|||||||
Accrued
interest
|
29,835
|
—
|
29,835
|
|||||||
Accrued
payroll taxes
|
9,101
|
—
|
9,101
|
|||||||
Note
payable
|
1,699,930
|
$
|
(1,699,930
|
)
|
—
|
|||||
Total
liabilities
|
1,899,972
|
(1,699,930
|
)
|
200,042
|
||||||
Common
stock
|
1,042
|
40,858
|
41,900
|
|||||||
Additional
paid-in capital
|
58
|
2,334,142
|
2,334,200
|
|||||||
Deficit
accumulated during the development stage
|
(401,042
|
)
|
—
|
(401,042
|
)
|
|||||
Total
shareholders' equity (deficit)
|
(399,942
|
)
|
2,375,000
|
1,975,058
|
||||||
Total
liabilities and shareholders' equity (deficit)
|
$
|
1,500,030
|
$
|
1,500,030
|
$
|
2,175,100
|
2. |
Subsequent
Event, Continued
|
Cash:
|
||||
Proceeds
from unit sales
|
$
|
2,610,000
|
||
Redemption
of FII common shares
|
(235,000
|
)
|
||
Repayment
of note payable
|
(1,699,930
|
)
|
||
Net
increase in cash
|
$
|
675,070
|
||
Note
Payable:
|
||||
Repayment
from offering proceeds
|
$
|
(1,699,930
|
)
|
|
Common
Stock:
|
||||
Shares
issued in sale of units
|
$
|
2,900
|
||
Outstanding
shares of FII
|
25,200
|
|||
Redemption
of FII shares
|
(11,200
|
)
|
||
Change
in par value
|
23,958
|
|||
Net
increase in common stock
|
$
|
40,858
|
||
Additional
Paid-in Capital:
|
||||
Sale
of units
|
$
|
2,607,100
|
||
Outstanding
shares of FII
|
(25,200
|
)
|
||
Redemption
of FII shares
|
(223,800
|
)
|
||
Change
in par value of common shares
|
(23,958
|
)
|
||
Net
increase in additional paid-in capital
|
$
|
2,334,142
|
Common
shares outstanding
|
25,200,000
|
|||
Shares
issued in unit offering
|
2,900,000
|
|||
FII
shares outstanding
|
28,100,000
|
|||
Redemption
and retirement of FII prior major shareholders' shares
|
(11,200,000
|
)
|
||
Additional
shares issued to ANI shareholders
|
25,000,000
|
|||
Pro
forma shares outstanding
|
41,900,000
|
|||
Pro
forma loss per share for the nine month period from January 1, 2006
(inception) to September 30, 2006
|
$
|
(0.01
|
)
|
3. |
Commitments
and Contingencies
|
4. |
Loss
Per Share
|
Exhibit
Number
|
Description
of Document
|
|
2.1
|
|
Agreement
and Plan of Merger by and among FII International, Inc., Amish Pasta
Company, Inc., and APC Acquisition Corp., dated October 27, 2006
(Incorporated by reference to our Current Report on Form 8-K filed
on
October 31, 2006).
|
3.1
|
|
Corporate
Charter (Incorporated by reference to Exhibit 3.1 to our Registration
Statement on Form SB-2 filed on August 15, 2002).
|
3.2
|
|
Articles
of Incorporation. (Incorporated by reference to our Registration
Statement
on Form SB-2 filed on August 15, 2002).
|
3.3
|
|
Certificate
of Amendment to Articles of Incorporation as filed with the Secretary
of
State of the State of Nevada on October 30, 2006 (Incorporated by
reference to our Current Report on Form 8-K filed on October 31,
2006).
|
3.4
|
|
Certificate
of Change in number of authorized shares as filed with the Secretary
of
State of the State of Nevada on October 30, 2006 (Incorporated by
reference to our Current Report on Form 8-K filed on October 31,
2006).
|
3.5
|
|
Articles
of Merger as filed with the Secretary of State of the State of Nevada
on
October 30, 2006 (Incorporated by reference to our Current Report
on Form
8-K filed on October 31, 2006).
|
3.6
|
|
Bylaws
of the Company (Incorporated by reference to our Current Report on
Form
8-K filed on October 31, 2006).
|
10.1
|
|
Lease
and Purchase Option Agreement by and between Lonnie Cutlip and David
C.
Skinner and Ronald Sparkman, dated February 27, 2006 (Incorporated
by
reference to our Current Report on Form 8-K filed on October 31,
2006).
|
10.2
|
|
Assignment
of Lease and Purchase Option Agreement between David C. Skinner and
Ronald
Sparkman and Amish Pasta Company, dated October 27, 2006 (Incorporated
by
reference to our Current Report on Form 8-K filed on October 31,
2006).
|
10.3
|
|
Employment
Agreement with David C. Skinner, Sr., dated as of October 27, 2006
(Incorporated by reference to our Current Report on Form 8-K filed
on
October 31, 2006).
|
10.4
|
|
Employment
Agreement with Donald G. Alarie, dated as of October 27, 2006
(Incorporated by reference to our Current Report on Form 8-K filed
on
October 31, 2006).
|
10.5
|
|
Consulting
Agreement with Dale Paisley, dated as of October 27, 2006 (Incorporated
by
reference to our Current Report on Form 8-K filed on October 31,
2006).
|
10.6
|
|
2006
Incentive Plan (Incorporated by reference to our Current Report on
Form
8-K filed on October 31, 2006).
|
10.7
|
|
Form
of Nonqualified Stock Option Award Agreement under the 2006 Incentive
Plan
(Incorporated by reference to our Current Report on Form 8-K filed
on
October 31, 2006).
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.
|
||
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.
|
||
Certification
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of
the Sarbanes-Oxley Act of 2002.
|
||
Amish
Naturals, Inc.
|
||
(Registrant)
|
||
November
17, 2006
|
/s/
David
C. Skinner, Sr.
|
|
David
C. Skinner, Sr.
|
||
President,
Chief Executive Officer, and Director
|
||