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
|
||||
CURRENT
ASSETS
|
||||
Cash
and Cash Equivalents
|
$
|
19,201
|
||
Other
Current Assets
|
21,107
|
|||
Accounts
Receivable
|
102,165
|
|||
Loan
to Shareholder
|
13,265
|
|||
TOTAL
CURRENT ASSETS
|
155,738
|
|||
PROPERTY
AND EQUIPMENT
|
||||
Property
and Equipment
|
873,529
|
|||
Accumulated
Depreciation
|
(866,474
|
)
|
||
Net
Property and Equipment
|
7,055
|
|||
TOTAL
ASSETS
|
$
|
162,793
|
||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||
LIABILITIES
|
||||
Current
Liabilities:
|
||||
Accounts
Payable and Accrued Expenses
|
$
|
381,122
|
||
Taxes
Payable
|
63,582
|
|||
Interest
Payable
|
18,640
|
|||
Notes
Payable
|
125,496
|
|||
Bank
Loan
|
105,050
|
|||
TOTAL
LIABILITIES
|
693,890
|
|||
STOCKHOLDERS'
EQUITY
|
||||
Convertible
Preferred Stock ($.001 par value, 5,000,000 authorized: 911,553 issued
and
outstanding)
|
911
|
|||
Common
Stock ($.001 par value, 100,000,000 shares authorized: 21,567,910
shares
issued and outstanding)
|
21,568
|
|||
Additional
Paid-in-Capital
|
23,268,110
|
|||
Retained
Deficit
|
(23,821,686
|
)
|
||
TOTAL
STOCKHOLDERS' EQUITY
|
(531,097
|
)
|
||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY
|
$
|
162,793
|
2006
|
2005
|
||||||
SALES
AND COST OF SALES:
|
|||||||
Sales
|
$
|
416,332
|
$
|
52,375
|
|||
Cost
of sales
|
95,306
|
11,332
|
|||||
Gross
Profit
|
321,026
|
41,043
|
|||||
EXPENSES:
|
|||||||
General
|
335,537
|
80,410
|
|||||
Bad
Debt
|
525,000
|
-
|
|||||
Interest
Expense
|
5,444
|
-
|
|||||
865,981
|
80,410
|
||||||
NET
LOSS
|
$
|
(544,955
|
)
|
$
|
(39,367
|
)
|
|
Basic
and diluted income (loss) per share
|
$
|
<(0.01
|
)
|
$
|
<(0.01
|
)
|
|
Weighted
Average Shares Outstanding
|
21,567,910
|
40,706,190
|
2006
|
2005
|
||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
|||||||
Net
loss
|
$
|
(544,955
|
)
|
$
|
(39,367
|
)
|
|
Adjustments
to reconcile net loss to net cash (used in) operating
activities:
|
|||||||
Depreciation
|
41,849
|
3,240
|
|||||
Other
Assets
|
7,970
|
(5,740
|
)
|
||||
Notes
Payable
|
(60,903
|
)
|
-
|
||||
Tax
Liabilities
|
(138,284
|
)
|
-
|
||||
Accounts
receivable
|
526,303
|
554
|
|||||
Loan
to Shareholder
|
(13,265
|
)
|
-
|
||||
Accounts
payable and accrued expenses
|
(9,294
|
)
|
(27,687
|
)
|
|||
NET
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
|
(190,579
|
)
|
(69,000
|
)
|
|||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
|||||||
Paid
in Capital
|
94,581
|
-
|
|||||
Bank
Loan
|
65,342
|
-
|
|||||
NET
CASH PROVIDED BY FINANCING ACTIVITIES
|
159,923
|
-
|
|||||
NET
INCREASE IN CASH AND CASH EQUIVALENTS
|
(30,656
|
)
|
(69,000
|
)
|
|||
CASH
AND CASH EQUIVALENTS:
|
|||||||
Beginning
of period
|
49,857
|
-
|
|||||
End
of period
|
$
|
19,201
|
$
|
-
|
|
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
|