UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
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(Mark One) |
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[X] |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the quarterly
period ended: September 30, 2003 |
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Or |
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[ ] |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the
transition period from ____________ to _____________ |
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Commission File
Number: 000-33187 |
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CareDecision Corporation (Exact name of registrant as specified in its charter) |
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Nevada (State or other jurisdiction of incorporation or
organization) |
91-2105842 (I.R.S. Employer Identification No.) |
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2660 Townsgate Road, Westlake Village, Suite 300,
CA 91361 (Address of principal executive offices) |
91361 (Zip Code) |
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(805) 446-1973 |
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2 Penn Plaza, 15th Floor, Suite
1500-53, New York, NY, 10121 |
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Indicate by check mark whether the registrant (1)
has 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 [ ]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has
filed all documents and reports required to be filed by Sections 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of
securities under a plan confirmed by a court.
Yes [ ] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
The number of shares outstanding of each of the
issuer's classes of common stock as of the most recent practicable date:
113,784,921
CareDecision Corporation
[formerly ATR Search
Corporation]
(a Development Stage
Company)
Table of Contents
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Page |
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PART I -
FINANCIAL INFORMATION |
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Item 1. Financial Statements |
3 |
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Consolidated Balance Sheet September 30, 2003 (unaudited) |
4 |
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Consolidated Statements of Operations For the Three and Nine Months
Ended September 30, 2003 and 2002 (unaudited) and For the Period July 6, 2000
(Inception) to September 30, 2003 (unaudited) |
5 |
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Consolidated Statements of Cash Flows For the Nine Months Ended
September 30, 2003 and 2002 (unaudited) and For the Period July 6, 2000
(Inception) to September 30, 2003 (unaudited) |
6 |
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Notes to Financial Statements |
7 |
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Item 2. Management's Discussion and Plan of Operation |
11 |
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PART II - OTHER
INFORMATION |
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Item 1. Legal Proceedings |
15 |
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Item 6(a). Exhibits |
15 |
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Item 6(b). Reports Filed on Form 8-K |
16 |
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SIGNATURES |
17 |
Part I - Financial Information
Item 1. Financial Statements
CareDecision Corporation
[formerly ATR
Search Corporation]
(a Development
Stage Company)
Consolidated
Balance Sheet
as of
September 30, 2003 (unaudited)
and
Consolidated Statements of Operations
for the Three and Nine Months Ended
September 30, 2003 and 2002 (unaudited),
and For the Period
July 6, 2000 (Inception) to September 30, 2003 (unaudited)
and
Consolidated Statements of Cash Flows
for the Nine Months Ended
September 30, 2003 and 2002 (unaudited),
and For the Period
July 6, 2000 (Inception) to September 30, 2003 (unaudited)
CareDecision
Corporation
[formerly ATR Search
Corporation]
(a Development
Stage Company)
Consolidated
Balance Sheet
(unaudited)
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Assets |
September 30, |
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2003 |
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Current assets: |
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Cash and equivalents |
$ |
44,347 |
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Accounts receivable, net of allowance for doubtful
accounts of $12,500 |
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21,748 |
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Total current assets |
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66,095 |
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Fixed
assets, net |
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1,238,763 |
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$ |
1,304,858 |
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Liabilities and Stockholders’ Equity |
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Current
liabilities: |
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Note payable to shareholder |
$ |
91,078 |
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Stock subscription payable |
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13,750 |
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Notes payable |
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513,527 |
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Total current liabilities |
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618,355 |
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618,355 |
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Stockholders’
equity: |
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Preferred stock, $0.001 par value, 5,000,000
shares |
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authorized, no shares issued and outstanding |
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- |
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Common stock, $0.001 par value, 200,000,000 shares |
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authorized, 113,784,921 shares issued and
outstanding |
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113,785 |
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Additional paid‑in capital |
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3,941,402 |
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Treasury stock |
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(96,750) |
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(Deficit) accumulated during development stage |
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(3,271,934) |
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686,503 |
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$ |
1,304,858 |
The accompanying notes are
an integral part of these financial statements.
CareDecision
Corporation
[formerly ATR Search
Corporation]
(a Development
Stage Company)
Consolidated
Statements of Operations
(unaudited)
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July 6, 2000 |
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For the three
months ended |
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For the nine
months ended |
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(Inception) to |
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September 30, |
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September 30, |
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September 30, |
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2003 |
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2002 |
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2003 |
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2002 |
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2003 |
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(Restated) |
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(Restated) |
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(Restated) |
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Revenue |
$ 22,848 |
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$ 500 |
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$ 24,698 |
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$ 1,555 |
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$ 26,698 |
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Expenses: |
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General and administrative
expenses |
35,556 |
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159,028 |
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119,545 |
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751,323 |
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202,231 |
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Payroll expense |
48,415 |
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- |
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171,209 |
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