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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
May 10, 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
| CLX Investment Company, Inc. | ||||||
| Balance Sheet | ||||||
| ASSETS | ||||||
| March 31, | September 30, | |||||
| 2005 | 2004 | |||||
| (Unaudited) | ||||||
| Current Assets | ||||||
| Cash | $ | 33,975 | $ | 130,000 | ||
| Total Current Assets | 33,975 | 130,000 | ||||
| Equipment, Net | - | - | ||||
| Investments (See Schedule) | ||||||
| Investments | 142,144 | - | ||||
| Total Investments | 142,144 | - | ||||
| Total Assets | $ | 176,119 | $ | 130,000 | ||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $ | 4,270 | $ | 12,500 | ||
| Interest Payable | 5,089 | - | ||||
| Convertible Debentures | 258,000 | 135,000 | ||||
| Total Current Liabilities | 267,359 | 147,500 | ||||
| Total Liabilities | 267,359 | 147,500 | ||||
| Stockholders' Equity | ||||||
| Preferred Stock, Authorized 20,000,000 Shares, $0.01 Par Value, 9,000,000 and 0 Shares Issued and Outstanding respectively | 90,000 | - | ||||
| Common Stock, Authorized 1,980,000,000 Shares, $0.01 Par Value, 9,997,634 and 1,197,634 Shares Issued and Outstanding respectively | 99,976 | 11,976 | ||||
| Stock Subscription Receivable | (5,000) | - | ||||
| Additional Paid in Capital | 953,222 | 653,222 | ||||
| Retained Deficit | (1,229,438) | (687,698) | ||||
| Total Stockholders' Deficit | (91,240) | (22,500) | ||||
| Total Liabilities and Stockholders' Deficit | $ | 176,119 | $ | 125,000 | ||
| Net Asset Value | $ | (0.009) | $ | (0.019) | ||
The accompanying notes are an
integral part of these financial statements.
3
| CLX Investment Company, Inc. | ||||||||||||
| Schedule of Investments | ||||||||||||
| March 31, 2005 | ||||||||||||
| EQUITY INVESTMENTS: | ||||||||||||
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Description |
Percent |
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| Company |
of Business |
Ownership |
Investment |
Fair Value |
Affiliation | |||||||
| eStrategy Solutions, Inc. | e-Learning | 40% | $ | 60,000 | $ | 60,000 | (1) | no | ||||
| Total Investment | $ | 60,000 | $ | 60,000 | ||||||||