SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
10-QSB
[
X ]
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For
the
Quarterly Period ended: June
30, 2006
[
]
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
For
the
transition period from ___________ to ______________
Commission
file number
0-21847
BOULDER
CAPITAL OPPORTUNITIES, II, INC.
(Exact
name of small business issuer as specified in its charter)
Colorado
|
|
84-1356598
|
(State
or other jurisdiction of
incorporation
or
organization)
|
|
(I.R.S.
Employer Identification
No.)
|
P.O.
Box 12483 Chandler, Arizona 85248
(Address
of principal executive offices)
(480)792-6603
(Issuer's
telephone number)
____________________________________________
(Former
name, former address and former fiscal year, if changed since
last
report)
Check
whether the issuer: (1) filed all reports required to be filed
by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such
shorter period
that the registrant was required to file such reports); and (2)
has been subject
to such filing requirements for the past 90 days.
Yes
[X]
No [ ]
Indicate
by check mark whether the registrant is a shell company (as defined
in Rule
12b-2 of the Exchange Act) Yes
[X]
No [ ]
As
of
August 15, 2006, 3,215,537 shares of common stock were outstanding.
The
securities
of this Company do not trade in a public market.
PART
I--FINANCIAL INFORMATION
Item
1.
Financial Statements.
For
financial information, please see the financial statements and
the notes
thereto, attached hereto and incorporated herein by this reference.
ITEM
2. MANAGEMENT'S
DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
Plan
Of Operations
We
have
generated no revenues from our operations in recent years and
have been a
development stage company since our formation. Since we have
not generated
revenues and have not been in a profitable position, we operate
with minimal
overhead. Our primary activity will be to search for and to acquire
oil and gas
leases for our own account, and for the foreseeable future to
search for and to
acquire oil and gas leases for the account of our clients.
On
November, 1, 2005, we acquired a 4% interest in twelve mineral
leases located in
Jasper County, Texas. We acquired these interests from an unaffiliated
third
party for $20,000 in cash. Otherwise, no leases or clients have
been identified
at this time.
For
the
fiscal quarter ended June 30, 2006, we had no revenue, as compared
to no revenue
for the fiscal quarter ended June 30, 2005. For the six months
ended June 30,
2006, we had no revenue, as compared to no revenue for the
six months ended June
30, 2005.
For
the
fiscal quarter ended June 30, 2006, we had a total of $9,106
in operating
expenses, as compared to no operating expenses for the fiscal
quarter ended June
30, 2005. For the six months ended June 30, 2006, we had a
total of $28,574 in
operating expenses, as compared to no operating expenses for
the six months
ended June 30, 2005. The operating expenses for both periods
ended June 30, 2006
were essentially related to professional fees and rental charges.
For
the
fiscal quarter ended June 30, 2006, we had a net loss of $9,106,
or $(0.003) per
share, as compared to no net loss for the fiscal quarter ended
June 30, 2005.
For the six months ended June 30, 2006, we had a net loss of
$28,574, or
$(0.009) per share, as compared to no net loss for the six
months ended June 30,
2005. We had no activity for the periods ended June 30, 2005.
Our
plan
is to develop oil and gas lease projects in which we can act
either as the
drilling operator for an investor group or as a broker of leases
for a lessor
and for the account of its clients. Leases may be received from
individuals or
companies by assignment under an agreement to develop or sell
such leases on
behalf of such persons. We also plan in the future to act as
a broker for lease
situations involving third parties.
We
will
focus our attention on drilling primarily in the same specific
geographical area
in which we plan to acquire interests. We plan to concentrate
our activities in
the Western United States. We plan to utilize various reporting
services such as
Petroleum Information and our contacts within the petroleum industry
to identify
drilling locations, companies and ownership activity. However,
since the thrust
of our initial efforts will be to acquire leases with a minimum
of capital
outlay, we will also look at situations in any other geographical
area where
such leases may be obtained. The ability to drill in a specific
lease area will
be secondary to the ability to acquire a lease on terms most
favorable to us and
at little or no capital outlay. At the present time, we have
been looking for
leases which meet the above-mentioned criteria but has not yet
identified any
lease situations which we believe would be appropriate for acquisition.
We
cannot predict when such identification will occur.
We
expect to enter into turnkey drilling contracts with an
unaffiliated third party for the drilling of any wells. At some
later time, we
may act as the driller of the wells, although there are no plans
to do so at the
present time. The costs of drilling wells have not been determined
at this time.
In any case, we will make every attempt to see that the well
are drilled in such
areas with our best estimate of making the best return on investment
for us and
our partners.
The
turnkey drilling contract represents the cost of
drilling and completion. If, in our sole opinion, a well should
not be completed
because it will not produce sufficient oil or gas to return a profit,
then we
would not anticipate expending the completion funds for such well.
It
is
currently anticipated that any wells to be drilled by us will
be drilled within
the geographical area or areas selected by us. However, once
selected, if
subsequent engineering evaluation indicates a more favorable
location, we
reserve the right to move the drill site or sites, as the case
may be, to such
location or locations, as the case may be. Any substituted well
location or
drill site would compare favorably with the general character
of the site
previously selected regarding degree of risk, drilling depth
and cost.
Furthermore, it is expected, though not necessarily required,
that any such
substituted well location or drill site will be in the same general
area as the
site specified herein.
In
addition, we would reserve the right to unitize or pool all of
the wells in the
selected geographical area into a common production pool or unit.
In such event,
the owners of the wells, which may include non-partnership investors
of ours,
will share in the revenue on a pro-rata basis.
We
expect
to participate in joint ventures with other entities in the development
of some
prospects. We will have the sole discretion in determining which
prospects will
be suitable for joint venture participation. In each such joint
venture project,
any such partnership would receive its pro rata portion of the
100% working
interest and would be responsible for its pro rata share of costs
and
expenses.
Also,
we
may seek, investigate, and, if warranted, acquire one or more
oil or gas
properties. The acquisition of a business opportunity may be
made by purchase,
merger, exchange of stock, or otherwise, and may encompass assets
or a business
entity, such as a corporation, joint venture, or partnership.
We have very
limited capital, and it is unlikely that we will be able to take
advantage of
more than one such business opportunity. We intend to seek opportunities
demonstrating the potential of long-term growth as opposed to
short-term
earnings.
At
the
present time we have not identified any additional oil or gas
business
opportunity that we plan to pursue, nor have we reached any agreement
or
definitive understanding with any person concerning any business
matter. No
assurance can be given that we will be successful in finding
or acquiring a
desirable business opportunity, or that any acquisition that
occurs will be on
terms that are favorable to us or our stockholders.
Our
plan
of operations for the remainder of the fiscal year is to continue
to carry out
our plan of business discussed above. This includes seeking to
complete a merger
or acquisition transaction for oil or gas properties.
Liquidity
And Capital Resources
As
of
June 30, 2006, we had a total of $13,630 in cash. As of June
30,2005, we had no
cash. We completed a private placement in November, 2005. Weraised
$85,200 with
the sale of common shares. The common shares were issued after
March 31,
2006
Our
management feels we have inadequate working capital to pursue
any business
opportunities other than seeking leases for acquisition and partnership
with
third parties. We will have negligible capital requirements prior
to the
consummation of any such acquisition. We so not intend to pay
dividends in the
foreseeable future.
We
will
not be required to raise additional funds, nor will our shareholders
be required
to advance funds in order to pay our current liabilities and
to satisfy our cash
requirements for the next twelve months.
ITEM
3. CONTROLS AND PROCEDURES
As
of the
end of the period covered by this report, based on an evaluation
of our
disclosure controls and procedures (as defined in Rules 13a -15(e)
and
15(d)-15(e) under the Exchange Act), each our Chief Executive
Officer and the
Chief Financial Officer has concluded that our disclosure controls
and
procedures are effective to ensure that information required
to be disclosed by
us in our Exchange Act reports is recorded, processed, summarized,
and reported
within the applicable time periods specified by the SEC’s rules and forms.
There
were no changes in our internal controls over financial reporting
that occurred
during our most recent fiscal quarter that have materially affected,
or are
reasonably likely to materially affect, our internal control
over financial
reporting.
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(AN
EXPLORATION STAGE COMPANY)
FINANCIAL
STATEMENTS
THREE-MONTHS
ENDED JUNE 30, 2006
(UNAUDITED)
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Balance
Sheets
|
|
Unaudited
|
|
Audited
|
|
|
|
June
30,
|
|
December
31,
|
|
|
|
2006
|
|
2005
|
|
|
|
|
|
|
|
ASSETS:
|
|
|
|
|
|
Current
Assets:
|
|
|
|
|
|
Cash
|
|
$
|
13,630
|
|
$
|
37,184
|
|
Accounts
Receivable
|
|
|
-
|
|
|
-
|
|
|
|
|
|
|
|
|
|
Total
Current Assets
|
|
|
13,630
|
|
|
37,184
|
|
|
|
|
|
|
|
|
|
Other
Assets:
|
|
|
|
|
|
|
|
Rent
Deposit
|
|
|
2,500
|
|
|
2,500
|
|
Undevolped
Oil
Leases
|
|
|
20,000
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
Total
Other Assets
|
|
|
22,500
|
|
|
22,500
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
$
|
36,130
|
|
$
|
59,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY:
|
|
|
|
|
|
|
|
Stockholders
Equity:
|
|
|
|
|
|
|
|
Preferred
Stock, no par value, 10,000,000 shares authorized
None
issued.
|
|
|
-
|
|
|
-
|
|
Common
stock, no par value, 100,000,000 shares authorized
|
|
|
|
|
|
|
|
3,215,537 shares issued and outstanding at June 30,
2006 and
2,430,200 at December 31, 2005, respectively
|
|
|
234,384
|
|
|
144,164
|
|
|
|
|
|
|
|
|
|
Deficit
accumulated during the exploration stage
|
|
|
(198,254
|
)
|
|
(169,680
|
)
|
|
|
|
|
|
|
|
|
Total
Stockholders' Equity
|
|
|
36,130
|
|
|
59,684
|
|
|
|
|
|
|
|
|
|
TOTAL
STOCKHOLDERS' EQUITY
|
|
$
|
36,130
|
|
$
|
59,684
|
|
See
Accountants' Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Statements
of Operations
(Unaudited)
|
|
|
|
|
|
|
|
|
|
August
6, 1996
|
|
|
|
Three-Months
Ended
|
|
Six-Months
Ended
|
|
(Inception)
to
|
|
|
|
June
30,
|
|
June
30,
|
|
June
30,
|
|
|
|
2006
|
|
2005
|
|
2006
|
|
2005
|
|
2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Sales
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Income
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
28,400
|
|
Professional
Fees
|
|
|
2,487
|
|
|
-
|
|
|
13,757
|
|
|
-
|
|
|
119,344
|
|
Other
Expenses
|
|
|
6,619
|
|
|
-
|
|
|
14,817
|
|
|
-
|
|
|
55,586
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Operating Expenses
|
|
|
9,106
|
|
|
-
|
|
|
28,574
|
|
|
-
|
|
|
203,330
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
Income/Expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
Income
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Other Income/Expense
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss From Operations
|
|
$
|
(9,106
|
)
|
$
|
-
|
|
$
|
(28,574
|
)
|
$
|
-
|
|
$
|
(198,254
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per
Share Information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of common shares outstanding
|
|
|
2,844,257
|
|
|
2,230,200
|
|
|
3,206,379
|
|
|
2,230,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss per common share
|
|
$
|
(0.003
|
)
|
$
|
-
|
|
$ |
(0.009
|
)
|
$ |
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
Less than $.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See
Accountants' Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Statement
of Stockholders' Equity (Deficit)
June
30, 2006
(Unaudited)
|
|
|
|
|
|
|
|
Deficit
|
|
|
|
|
|
COMMON
STOCKS
|
|
|
|
Accum.
During
|
|
Total
|
|
|
|
|
|
|
|
Stocks
to
|
|
Exploration
|
|
Stockholders'
|
|
|
|
#
of Shares
|
|
Amount
|
|
be
Issued
|
|
Stage
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- August 8, 1996
|
|
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance
of stock for compensation
|
|
|
710,000
|
|
|
28,400
|
|
|
-
|
|
|
-
|
|
|
28,400
|
|
Issuance
of stock for cash
|
|
|
100,000
|
|
|
4,000
|
|
|
-
|
|
|
-
|
|
|
4,000
|
|
Issuance
of stock for cash
|
|
|
200,000
|
|
|
8,000
|
|
|
-
|
|
|
-
|
|
|
8,000
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(6,448
|
)
|
|
(6,448
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 1996
|
|
|
1,010,000
|
|
|
40,400
|
|
|
-
|
|
|
(6,448
|
)
|
|
33,952
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance
of stock for compensation
|
|
|
20,200
|
|
|
20,200
|
|
|
-
|
|
|
-
|
|
|
20,200
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(32,493
|
)
|
|
(32,493
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 1997
|
|
|
1,030,200
|
|
|
60,600
|
|
|
-
|
|
|
(38,941
|
)
|
|
21,659
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional
Paid-In Capital
|
|
|
-
|
|
|
5,564
|
|
|
-
|
|
|
-
|
|
|
5,564
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(12,792
|
)
|
|
(12,792
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 1998
|
|
|
1,030,200
|
|
|
66,164
|
|
|
-
|
|
|
(51,733
|
)
|
|
14,431
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(17,940
|
)
|
|
(17,940
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 1999
|
|
|
1,030,200
|
|
|
66,164
|
|
|
-
|
|
|
(69,673
|
)
|
|
(3,509
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance
of stock for compensation
|
|
|
1,200,000
|
|
|
48,000
|
|
|
-
|
|
|
-
|
|
|
48,000
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(48,000
|
)
|
|
(48,000
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2000
|
|
|
2,230,200
|
|
|
114,164
|
|
|
-
|
|
|
(117,673
|
)
|
|
(3,509
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2001
|
|
|
2,230,200
|
|
|
114,164
|
|
|
-
|
|
|
(117,673
|
)
|
|
(3,509
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2002
|
|
|
2,230,200
|
|
|
114,164
|
|
|
-
|
|
|
(117,673
|
)
|
|
(3,509
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(8,700
|
)
|
|
(8,700
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2003
|
|
|
2,230,200
|
|
|
114,164
|
|
|
-
|
|
|
(126,373
|
)
|
|
(12,209
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(13,865
|
)
|
|
(13,865
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2004
|
|
|
2,230,200
|
|
|
114,164
|
|
|
-
|
|
|
(140,238
|
)
|
|
(26,074
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance
of Stock for Cash
|
|
|
200,000
|
|
|
30,000
|
|
|
-
|
|
|
-
|
|
|
30,000
|
|
Stock
to be issued
|
|
|
-
|
|
|
-
|
|
|
85,200
|
|
|
-
|
|
|
85,200
|
|
Net
Loss for Period
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(29,442
|
)
|
|
(29,442
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- December 31, 2005
|
|
|
2,430,200
|
|
|
144,164
|
|
|
85,200
|
|
|
(169,680
|
)
|
|
59,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance
of Stock for Cash
|
|
|
552,003
|
|
|
85,200
|
|
|
(85,200
|
)
|
|
-
|
|
|
-
|
|
Issuance
of Stock for Services
|
|
|
200,000
|
|
|
20
|
|
|
-
|
|
|
-
|
|
|
20
|
|
Issuance
of Stock for Cash
|
|
|
33,334
|
|
|
5,000
|
|
|
-
|
|
|
-
|
|
|
5,000
|
|
Net
Loss for Period
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(28,574
|
)
|
|
(28,574
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- June 30, 2006
|
|
|
3,215,537
|
|
$
|
234,384
|
|
$
|
-
|
|
$
|
(198,254
|
)
|
$
|
36,130
|
|
See
Accountants' Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Statements
of Cash Flow
(Unaudited)
|
|
|
|
|
|
August
6, 1996
|
|
|
|
For
the Six-Months Ended
|
|
(Inception)
to
|
|
|
|
June
30,
|
|
June
30,
|
|
|
|
2006
|
|
2005
|
|
2006
|
|
|
|
|
|
|
|
|
|
Cash
Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(Loss)
|
|
$
|
(28,574
|
)
|
$
|
-
|
|
$
|
(198,254
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Stock
issued for services
|
|
|
20
|
|
|
-
|
|
|
96,620
|
|
Amortization
|
|
|
-
|
|
|
-
|
|
|
28,400
|
|
Adjustments
to
reconcile net loss to cash used
|
|
|
|
|
|
|
|
|
|
|
by operating activities
|
|
|
|
|
|
|
|
|
|
|
(Incease)
in Rent Deposit
|
|
|
-
|
|
|
-
|
|
|
(2,500
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Used by Operating Activities
|
|
|
(28,554
|
)
|
|
-
|
|
|
(75,734
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Flows from Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition
of
Oil Leases
|
|
|
-
|
|
|
-
|
|
|
(20,000
|
)
|
Acquisition
of
organizational services
|
|
|
-
|
|
|
-
|
|
|
(28,400
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Used for Investing Activities
|
|
|
-
|
|
|
-
|
|
|
(48,400
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Cash
Flows from Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
Stocks
to be Issued
|
|
|
-
|
|
|
-
|
|
|
85,200
|
|
Issuance
of
common stock
|
|
|
5,000
|
|
|
-
|
|
|
52,564
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Provided by Financing Activities
|
|
|
5,000
|
|
|
-
|
|
|
137,764
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Increase in Cash & Cash Equivalents
|
|
|
(23,554
|
)
|
|
-
|
|
|
13,630
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
Cash & Cash Equivalents
|
|
|
37,184
|
|
|
-
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending
Cash & Cash Equivalents
|
|
$
|
13,630
|
|
$
|
-
|
|
$
|
13,630
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION
|
|
|
|
|
|
|
|
|
|
|
Cash
paid for Interest
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
Cash
paid for Income Taxes
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CASH
TRANSACTIONS
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for services
|
|
$
|
20
|
|
$
|
-
|
|
$
|
96,620
|
|
|
|
|
|
|
|
|
|
|
|
|
See
Accountants' Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Notes
to Financial Statements
June
30, 2006
(Unaudited)
Note
1 -
Presentation
of Interim Information:
In
the
opinion of the management of Boulder Capital Opportunities
II, Inc. the
accompanying unaudited financial statements include all normal
adjustments
considered necessary to present fairly the financial position
as of June 30,
2006 and the results of operations for the three and six-months
ended June 30,
2006 and 2005 and the period August 6, 1996 (inception) to
June 30, 2006, and
the related cash flows for the six-months ended June 30, 2006
and 2005 and the
period August 6, 1996 (inception) to June 30, 2006. Interim
results are not
necessarily indicative of results for a full year.
The
financial statements and notes are presented as permitted by
Form 10-QSB and do
not contain certain information included in the Company’s audited financial
statements and notes for the fiscal year ended December 31,
2005.
PART
II--OTHER INFORMATION
Item
1.
Legal Proceedings.
None
Item
2.
Changes in Securities.
None
Item
3.
Defaults Upon Senior Securities.
None
Item
4.
Submission of Matters to a Vote of Security Holders.
None
Item
5.
Other Information.
None
Item
6.
Exhibits and Reports on Form 8-K.
(a)
Exhibits
31.1
Certification of CEO and CFO pursuant to Sec. 302
32.1
Certification of CEO and CFO pursuant to Sec. 906
(b)
Reports on Form 8-K
No
reports on
Form 8-K were filed during the quarter for which this report
is
filed.
SIGNATURES
In
accordance with the requirements of the Securities Exchange Act
of 1934, as
amended, the registrant caused this report to be signed on its
behalf by the
undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
BOULDER
CAPITAL OPPORTUNITIES, II,
INC. |
Date: August
21, 2006 |
By: |
/s/ Michael
Delaney |
|
Michael Delaney, President |
|
|
11