Nevada
|
03-7392107
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification Number)
|
1300
PENNSYLVANIA AVE, SUITE 700 WASHINGTON DC
|
20004
|
(Address
of principal executive offices)
|
(Zip/Postal
Code)
|
(202)
204-3006
|
(Telephone
Number)
|
Assets
|
|||||||
(unaudited)
|
(audited)
|
||||||
September
30, 2005
|
December
31,2004
|
||||||
Current
Assets:
|
|||||||
Cash
|
$
|
825
|
0
|
||||
Restricted
Cash
|
0
|
0
|
|||||
Accounts
Receivable
|
185,794
|
35,914
|
|||||
Other
Current Assets
|
75,094
|
848
|
|||||
Total
current assets
|
261,713
|
36,762
|
|||||
Equipment,
net
|
98,623
|
7,185
|
|||||
Customer
base
|
50,000
|
38,452
|
|||||
Accumulated
Ammortization
|
(20,833
|
)
|
-
|
||||
Net
Fixed Assets
|
29,167
|
38,452
|
|||||
Total
assets
|
$
|
389,503
|
82,399
|
||||
Current
Liabilities
|
|||||||
Note
payable to stockholder
|
$
|
82,660
|
187,432
|
||||
Note
payable
|
177,374
|
3,000
|
|||||
Accounts
Payable
|
472,942
|
318,292
|
|||||
Accrued
expenses
|
0
|
70,438
|
|||||
Total
current liabilities
|
732,972
|
579,162
|
|||||
|
|
||||||
Commitments
and contingencies
|
|||||||
Stockholders'
Deficit
|
|||||||
Convertible
preferred stock, $.001 par value, 5,000,000 shares authorized,
911,553
shares issued and outstanding
|
911
|
911
|
|||||
Common
stock, $.001 par value, 100,000,000 shares
authorized, 21,567,190 shares issued and
outstanding
|
2,158
|
3,569
|
|||||
Paid
in capital
|
22,604,046
|
22,564,785
|
|||||
Retained
deficit
|
(22,952,999
|
)
|
(23,005,159
|
)
|
|||
Shareholder
Receivable
|
-
|
(58,500
|
)
|
||||
Total
stockholders' deficit
|
(343,473
|
)
|
(494,394
|
)
|
|||
Total
liabilities and stockholders' deficit
|
$
|
389,503
|
84,768
|
Three
Months Ended
September
30,
|
Nine
Months Ended
September
30,
|
||||||||||||
2005
|
|
2004
|
|
2005
|
|
2004
|
|||||||
Sales
|
$
|
611,796
$
|
110,748
$
|
$ |
1,565,827
|
$ | 334,686 | ||||||
Cost
of Sales
|
108,397
|
45,232
|
$
|
145,693
|
$
|
206,614
|
|||||||
Gross
profit
|
503,398
|
65,516
|
1,420,134
|
128,072
|
|||||||||
Selling,
general and administrative expenses
|
611,827
|
393,365
|
1,791,050
|
901,962
|
|||||||||
Income
(loss) from operations
|
(108,429
|
)
|
(327,849
|
)
|
(370,916
|
)
|
(773,890
|
)
|
|||||
Interest
Expense
|
-
|
1,250
|
5,800
|
14,139
|
|||||||||
Net
income (loss)
|
$
|
(108,429
|
)
|
$
|
(329,099
|
)
|
(376,716
|
)
|
(780,029
|
)
|
|||
Basic
and diluted income (loss) per share:
|
$
|
(0.00
|
)
|
$
|
(0.01
|
)
|
$
|
(0.01
|
)
|
$
|
(0.02
|
)
|
|
Weighted
Average Shares Outstanding
|
21,567,910
|
34,372,413
|
21,567,910
|
32,634,190
|
9
Months Ended
September
30,
|
|||||||
Cash
Flows Used in Operating Activities
|
2005
|
2004
|
|||||
Net
Income (Loss)
|
$
|
(376,716
|
)
|
(780,029
|
)
|
||
Adjustments
to reconcile net income (loss) to net cash used in operating
activities:
|
|||||||
Depreciation
and amortization
|
8,666
|
19,098
|
|||||
Stock
For Services
|
0
|
382,000
|
|||||
Stock
option expense
|
0
|
220,000
|
|||||
Change
in:
|
|||||||
Accounts
Receivable
|
(39,217
|
)
|
(30,252
|
)
|
|||
Other
Current Assets
|
(41,697
|
)
|
(15,272
|
)
|
|||
Accounts
Payable
|
152,863
|
(235
|
)
|
||||
Accrued
Expenses
|
-
|
11,888
|
|||||
Deferred
Revenue
|
-
|
-
|
|||||
Net
Cash Used In Operating Activities
|
(296,101
|
)
|
(192,802
|
)
|
|||
Cash
Flows Used In Investing Activities
|
|||||||
Purchases
|
85,269
|
(54,609
|
)
|
||||
Cash
Flows Provided By Financing Activities Proceeds from shareholder
note
payable
|
-
|
-
|
|||||
Exercise
of stock options
|
-
|
-
|
|||||
Payments
on note payable
|
(169,558
|
)
|
(3,088
|
)
|
|||
Stock
Issued For Cash
|
283,540
|
260,000
|
|||||
Net
cash from financing activities
|
113,982
|
256,912
|
|||||
Net
Change in Cash
|
96,850
|
9,501
|
|||||
Cash
- beginning of year
|
1,029
|
31,807
|
|||||
Cash
- End of Quarter
|
95,821
|
41,308
|
CYIOS
Corporation.
|
|||
/s/
Timothy Carnahan
|
|||
|
|||
Timothy
Carnahan
|
|||
Chief
Executive Officer,
|
|||
President,
|
|||
Treasurer,
and
|
|||
Chairman
of the Board
|
/s/
Timothy Carnahan
|
|||
Timothy
Carnahan
|
|||
Chief
Executive Officer,
|
|||
President,
|
|||
Treasurer,
and
|
|||
Chairman
of the Board
|