ALLSTAR RESTAURANTS Financials

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ALLSTAR RESTAURANTS Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto contained elsewhere in this Form 10-Q. Forward-Looking Statements This discussion contains forward-looking statements that involve risks and uncertainties. All statements regarding future events, our future financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In many cases, you can identify forward-looking statements by terminology, such as "may", "should", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause our actual results to differ materially from those projected in any forward-looking statements. We do not intend to update these forward-looking statements. Overview Allstar Restaurants, (referred to herein as the "Company", "Allstar", "we", "us" and "our") is primarily engaged in the restaurant business located in the city of Regina, in the province of Saskatchewan, Western Canada. We were incorporated on December 22, 2004 under the laws of the State of Nevada originally under the name Nexstar Properties, Inc. By Director's resolution, on March 30, 2005, the company's name was changed to Allstar Restaurants. The company's United States registered office is located at 3155 East Patrick Lane, Suite 1, Las Vegas, Nevada 89120-3481. Our principal executive offices are located at 1458 Broad Street, Regina, Saskatchewan, S4R 1Y9, Canada. The telephone nu...
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ALLSTAR RESTAURANTS Files SEC form 10-K, Annual Report

Item 6. Management's Discussion and Analysis or Plan of Operation The following discussion should be read in conjunction with our consolidated audited financial statements and the related notes that appear elsewhere in this report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this report. Our consolidated audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. Overview Our accumulated deficit as of our year ended on March 31, 2009 was $(164,951) as compared to $(117,964) as of March 31, 2008. During the fiscal year ended March 31, 2008, the deficit increased by $46,987. The discussion below provides an overview of our operations, discusses our results of operations, our plan of operations and our liquidity and capital resources. Our operating expenses are classified into several categories: † Sales Less Gross Profit † Professional Fees † Depreciation & Amortization † General Administrative Expenses † Payroll Sales for the year ended March 31, 2009 were $1,282,302 as compared to Sales of $1,255,752 for the year ended March 31, 2008. Our Gross Profit (Sales less Cost of Sales) increased from $859,234 for the year ended March 31, 2008 to $896,669 for the year ended March 31, 2009. Professional Fees consist primarily of our contracted accounting, legal and audit fees. These amounted to $45,609 for the year ended March 31, 2009 and $45,424 for the year ended March 31, 2008. Professional fees are attributable primarily to accounting, legal and audit fees for preparation and review of our filings with the Securities & Exchange Commission (SEC...
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ALLSTAR RESTAURANTS Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto contained elsewhere in this Form 10-Q. Forward-Looking Statements This discussion contains forward-looking statements that involve risks and uncertainties. All statements regarding future events, our future financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In many cases, you can identify forward-looking statements by terminology, such as "may", "should", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause our actual results to differ materially from those projected in any forward-looking statements. We do not intend to update these forward-looking statements. Overview Allstar Restaurants, (referred to herein as the "Company", "Allstar", "we", "us" and "our") is primarily engaged in the restaurant business located in the city of Regina, in the province of Saskatchewan, Western Canada. We were incorporated on December 22, 2004 under the laws of the State of Nevada originally under the name Nexstar Properties, Inc. By Director's resolution, on March 30, 2005, the company's name was changed to Allstar Restaurants. The company's United States registered corporate agent office is located at 375 N. Stephanie St., Suite 1411, Henderson, NV, 89014-8909. The mailing address of our registered corporate agent is PO Box 94438, Las Vegas, NV 89193-4438. Our princi...
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ALLSTAR RESTAURANTS Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto contained elsewhere in this Form 10-Q. Forward-Looking Statements This discussion contains forward-looking statements that involve risks and uncertainties. All statements regarding future events, our future financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In many cases, you can identify forward-looking statements by terminology, such as "may", "should", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause our actual results to differ materially from those projected in any forward-looking statements. We do not intend to update these forward-looking statements. Overview Allstar Restaurants, (referred to herein as the "Company", "Allstar", "we", "us" and "our") is primarily engaged in the restaurant business located in the city of Regina, in the province of Saskatchewan, Western Canada. We were incorporated on December 22, 2004 under the laws of the State of Nevada originally under the name Nexstar Properties, Inc. By Director's resolution, on March 30, 2005, the company's name was changed to Allstar Restaurants. The company's United States registered corporate agent office is located at 375 N. Stephanie St., Suite 1411, Henderson, NV, 89014-8909. The mailing address of our registered corporate agent is PO Box 94438, Las Vegas, NV 89193-4438. Our princi...
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