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SECURITIES AND EXCHANGE COMMISSION FORM 10-Q |
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For the Quarter
Ended |
Commission File
Number |
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CLX
INVESTMENT COMPANY, INC. |
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| Colorado | 84-0749623 | |
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(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
|
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43180 Business Park Dr., Suite 202 Temecula, CA 92590 |
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(Address of principal executive offices) |
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(951) 587-9100 (Issuers telephone number, including area code) CLX Energy, Inc. (Registrant's Former Name and Address) |
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Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 the number of shares outstanding of each of the issuer's class of
common stock, as of the last practicable date.
|
Class |
Outstanding at
January 20, 2005 |
1
CLX INVESTMENT COMPANY, INC.
| PAGE NUMBER | |||
| PART I - FINANCIAL INFORMATION | |||
| Item 1. | Balance Sheet | 3 | |
| Schedule of Investment | 4 | ||
| Statements of Operations | 5 | ||
| Statements of Stockholders' Equity (Deficit) | 6 | ||
| Statements of Cash Flows | 7 | ||
| Notes to Financial Statements | 8-9 | ||
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 10-15 | |
| PART II - OTHER INFORMATION | 16 | ||
| SIGNATURE PAGE | 17-19 | ||
| SARBANNES-OXLEY CERTIFICATIONS | 20 | ||
2
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CLX Investment Company, Inc. (Formerly CLX Energy, Inc.) Balance Sheets ASSETS |
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|
December 31, 2004 |
September 30, 2004 |
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| (Unaudited) | ||||||
| Current Assets | ||||||
| Cash | $ | 5,523 | $ |
130,000 |
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| Accrued Interest | 50 | |||||
| Total Current Assets | 5,573 | 130,000 | ||||
| Equipment, Net | - | |||||
| Investments (See Schedule) | ||||||
| Investments | 70,000 | |||||
| Total Investments | 70,000 | |||||
| Total Assets | $ | 75,573 | $ | 130,000 | ||
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LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
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| Current Liabilities | ||||||
| Accounts Payable | $ | 6,561 | $ |
12,500 |
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| Accrued Expenses | 3,340 |
5,000 |
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| Convertible Debentures | 154,000 |
135,000 |
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| Total Current Liabilities | 163,901 | 152,500 | ||||
| Total Liabilities | 163,901 | 152,500 | ||||
| Stockholders' Equity (Deficit) | ||||||
| Preferred Stock, Authorized 20,000,000 Shares, $0.01 Par Value, Shares Issued and Outstanding none | - | |||||
| Common Stock, Authorized 1,980,000,000 Shares, $0.01 Par Value, 1,797,634 and 1,197,634 Shares Issued and Outstanding respectively | 17,976 |
11,976 |
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| Additional Paid in Capital | 813,222 |
653,222 |
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| Retained Earnings (Deficit) |
(919,526) |
(687,698) |
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| Total Stockholders' Equity (Deficit) | (88,328) | (22,500) | ||||
| Total Liabilities and Stockholders' Equity (Deficit) | $ | 75,573 | $ | 130,000 | ||
The accompanying notes are an
integral part of these financial statements.
3
CLX INVESTMENT COMPANY, INC.
Schedule of Investments
INVESTMENTS:
| Company |
Description of Business |
Percent |
Cost |
Fair |
Affiliation |
|||||||
| eStrategy Solutions, Inc. | e-Learning | 40% |
$ |
60,000 |
$ |
60,000 |
(1) |
No |
COMMERCIAL LOANS:
|
Company |
Description of Business |
Type of Debt |
Amount |
|||
| eStrategy Solutions, Inc. | e-Learning |
Credit Line |
$ |
10,000 |
(1) The Board of Directors has determined to value the investment at cost for the quarter ended December 31, 2004 based on brief performance history.
The accompanying notes are an integral part of these financial statements.
4
| CLX Investment Company, Inc. | ||||||||
| (Formerly CLX Energy, Inc.) | ||||||||
| Statements of Operations | ||||||||
| (Unaudited) | ||||||||
| For the Three | For the Three | |||||||
| Months Ended | Months Ended | |||||||
| December 31, | December 31, | |||||||
| 2004 | 2003 | |||||||
| Investment Revenue | $ | - | $ | - | ||||
| Interest Income | 50 | - | ||||||
| Total Revenues | 50 | - | ||||||
| Operating Expenses | ||||||||
| General & Administrative | 60,909 | - | ||||||
| Professional fees | 9,629 | - | ||||||
| Total Operating Expenses | 70,538 | - | ||||||
| Net Operating Income (Loss) | (70,488) | - | ||||||
| Other Income (Expense) | ||||||||