firn 10QSB/A
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
10-QSB
Amendment
No. 1
[
X ]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT
OF 1934
For
the
Quarterly Period ended: March
31, 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
|
|
84-1356898
|
(State
or other jurisdiction
|
|
(IRS
Employer
|
of
Incorporation)
|
|
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 registrant (1) filed all reports required to be filed by Section
13
or 15(d) of the Exchange Act of 1934 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
February 5, 2007, 3,182,203
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 March 31, 2006, we had no revenue, as compared to no
revenue for the fiscal quarter ended March 31, 2005.
For
the
fiscal quarter ended March 31, 2006, we had a total of $19,468 in operating
expenses, as compared to no operating expenses for the fiscal quarter
ended
March 31, 2005. The operating expenses in the fiscal quarter ended March
31,
2006
were essentially related to professional fees and rental charges.
For
the
fiscal quarter ended March 31, 2006, we had a net loss of $19,468, or
$(0.008) per share, as compared to no net loss for the fiscal quarter ended
March
31,
2005. We had no activity for the fiscal quarter ended March 31, 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
have
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
March 31, 2006, we had a total of $22,736 in cash. As of March 31, 2005, we
had
no cash. We completed a private placement in November, 2005. We raised $85,200
with the sale of common shares. The common shares have not yet been
issued.
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 Quarterly Report on Form 10-QSB, we evaluated
the effectiveness of the design and operation of its disclosure controls
and
procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e)
and 15d-15(e)). That evaluation was performed under the supervision and with
the
participation of its management, including its Chief Executive Officer and
its
Chief Financial Officer. Based on that evaluation, our Chief Executive Officer
and Chief Financial Officer concluded that the Company's disclosure controls
and
procedures are effective to ensure that information required to be disclosed
in
the reports we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified by the SEC rules
and
forms, and that such information is accumulated and communicated to our
management, including our certifying officer, to allow timely decisions
regarding the required disclosure. There was no change in internal control
over
financial reporting identified in connection with the evaluation required
under
paragraph (d) of Rules 13a-15 or 15d-15 during the period covered by this
Quarterly Report of Form 10-QSB that has materially affected or is reasonably
likely to materially affect our internal control over financial
reporting.
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(AN
EXPLORATION STAGE COMPANY)
(RESTATED)
FINANCIAL
STATEMENTS
THREE-MONTHS
ENDED MARCH 31, 2006
(UNAUDITED)
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Balance
Sheets
|
|
(Restated)
|
|
|
|
|
|
Unaudited
|
|
Audited
|
|
|
|
March
31,
|
|
December
31,
|
|
|
|
2006
|
|
2005
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
Current
Assets:
|
|
|
|
|
|
Cash
|
|
$
|
22,736
|
|
$
|
37,184
|
|
Accounts
Receivable
|
|
|
-
|
|
|
-
|
|
Total
Current Assets
|
|
|
22,736
|
|
|
37,184
|
|
|
|
|
|
|
|
|
|
Other
Assets:
|
|
|
|
|
|
|
|
Rent
Deposit
|
|
|
2,500
|
|
|
2,500
|
|
Undeveloped
Oil
Leases
|
|
|
20,000
|
|
|
20,000
|
|
Total
Other Assets
|
|
|
22,500
|
|
|
22,500
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
$
|
45,236
|
|
$
|
59,684
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders'
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred
Stock, no par value,10,000,000 shares authorized
|
|
|
|
|
|
|
|
none issued or outstanding
|
|
|
-
|
|
|
-
|
|
Common
Stock, no par value, 100,000,000 shares authorized
|
|
|
|
|
|
|
|
3,182,203 shares issued and outstanding at March 2006 and
|
|
|
229,384
|
|
|
144,164
|
|
December 31, 2005.
|
|
|
|
|
|
|
|
Stock
to be issued
|
|
|
5,000
|
|
|
85,200
|
|
Deficit
accumulated during the exploration stage
|
|
|
(189,148
|
)
|
|
(169,680
|
)
|
|
|
|
|
|
|
|
|
Total
Shareholders' Equity
|
|
|
45,236
|
|
|
59,684
|
|
|
|
|
|
|
|
|
|
TOTAL
STOCKHOLDERS' EQUITY
|
|
$
|
45,236
|
|
$
|
59,684
|
|
See
Accountants Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Statements
of Operations
(Unaudited)
|
|
(Restated)
|
|
August
6, 1996
|
|
|
|
Three-Months
Ended
|
|
Inception
to
|
|
|
|
March
31,
|
|
March
31,
|
|
|
|
2006
|
|
2005
|
|
2006
|
|
|
|
|
|
|
|
|
|
Revenue:
|
|
|
|
|
|
|
|
Rental
Income
|
|
$
|
-
|
|
$
|
-
|
|
$
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Income
|
|
|
-
|
|
|
-
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs
and Expenses:
|
|
|
|
|
|
|
|
|
|
|
Amortization
|
|
|
-
|
|
|
-
|
|
|
28,400
|
|
Professional
Fees
|
|
|
11,270
|
|
|
-
|
|
|
116,857
|
|
General
and Admnistrative
|
|
|
8,198
|
|
|
-
|
|
|
48,967
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Operating Expenses
|
|
|
19,468
|
|
|
-
|
|
|
194,224
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
Income/Expenses
|
|
|
|
|
|
|
|
|
|
|
Interest
Income
|
|
|
-
|
|
|
-
|
|
|
76
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Other Income/Expenses
|
|
|
-
|
|
|
-
|
|
|
76
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss
|
|
$
|
(19,468
|
)
|
$
|
-
|
|
$
|
(189,148
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Per
Share Information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average number
|
|
|
|
|
|
|
|
|
|
|
of
common shares outstanding
|
|
|
2,478,111
|
|
|
2,230,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss per common share
|
|
$
|
(0.008
|
)
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
Less than $.01
|
|
|
|
|
|
|
|
|
|
|
See
Accountants Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Stockholders'
Equity (Deficit)
March
31,
2006
(Unaudited)
|
|
(Restated)
|
|
|
|
|
|
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
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
issued for cash
|
|
|
200,000
|
|
|
30,000
|
|
|
|
|
|
-
|
|
|
30,000
|
|
Stock
to be issued
|
|
|
-
|
|
|
-
|
|
|
85,200
|
|
|
-
|
|
|
85,200
|
|
Net
Loss for Year
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(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
|
|
Stock
to be issued
|
|
|
-
|
|
|
-
|
|
|
5,000
|
|
|
|
|
|
5,000
|
|
Net
loss for Period
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(19,468
|
)
|
|
(19,468
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
- March 31, 2006
|
|
|
3,182,203
|
|
$
|
229,384
|
|
$
|
5,000
|
|
$
|
(189,148
|
)
|
$
|
45,236
|
|
See
Accountants Review Report
BOULDER
CAPITAL OPPORTUNITIES, INC.
(An
Exploration Stage Company)
Statements
of Cash Flow
(Unaudited)
Indirect
Method
|
|
(Restated)
|
|
|
August
6, 1996
|
|
|
|
Three-Months
Ended
|
|
|
|
(Inception)
to
|
|
|
|
March
31,
|
|
|
|
March
31,
|
|
|
|
2006
|
|
2005
|
|
2006
|
|
|
|
|
|
|
|
|
|
Cash
Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(Loss)
|
|
$
|
(19,468
|
)
|
$
|
-
|
|
$
|
(189,148
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Stock
issued for services
|
|
|
20
|
|
|
-
|
|
|
66,620
|
|
Amortization
|
|
|
-
|
|
|
-
|
|
|
28,400
|
|
Adjustments
to
reconcile net loss to cash used by
|
|
|
|
|
|
|
|
|
|
|
by
operating
activities
|
|
|
|
|
|
|
|
|
|
|
(Increase)
in
Rent Deposit
|
|
|
-
|
|
|
-
|
|
|
(2,500
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net
Cash Used in Operating Activities
|
|
|
(19,448
|
)
|
|
-
|
|
|
(96,628
|
)
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
5,000
|
|
|
-
|
|
|
5,000
|
|
Issuance
of
common stock
|
|
|
-
|
|
|
-
|
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
132,764
|
|
Net
Cash Provided by Finacing Activities
|
|
|
5,000
|
|
|
-
|
|
|
167,764
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Increase in Cash & Cash Equivalents
|
|
|
(14,448
|
)
|
|
-
|
|
|
22,736
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
Cash & Cash Equivalents
|
|
|
37,184
|
|
|
-
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending
Cash & Cash Equivalents
|
|
$
|
22,736
|
|
$
|
-
|
|
$
|
22,736
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL
DISCLOSUE OF CASH FLOW INFORMATION
|
|
|
|
|
|
|
|
|
|
|
Cash
paid for interest
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
Cash
paid for Income Taxes
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CASH
TRANSACTIONS
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for services
|
|
$
|
-
|
|
$
|
-
|
|
$
|
66,600
|
|
See
Accountants Review Report
BOULDER
CAPITAL OPPORTUNITIES II, INC.
(An
Exploration Stage Company)
Notes
to
Financial Statements
March
31,
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 March
31,
2006 and the results of operations for the three-months ended March 31,
2006 and
2005 and the period August 6, 1996 (inception) to March 31, 2006, and the
related cash flows for the three-months ended March 31, 2006 and 2005 and
the
period August 6, 1996 (inception) to March 31, 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.
Note
2 -
Restated
Financial Statements:
The
accompanying financials have been restated to record the stock subscriptions
being issued and the common stocks for issuance being recorded as common
stock
not as common stock to be issued. Also the stocks were not issued until
April
2006 instead of March
2006 as previously stated in the 10KSB of 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: February
5, 2007 |
By: |
/s/ Michael
Delaney |
|
Michael
Delaney, President |
|
|