SPUTNIK ENTERPRISES, INC Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative2  2  2  11  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(2)(2)(2)(11)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(2)(2)(2)(11)Interest Expense1  1  1   -  Income Before Tax(2)(2)(3)(11)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(2)(2)(3)(11)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes - ...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. This 10-Q contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited consolidated financial statements and accompanying notes and the other financial information appearing else where in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Cautionary Note Regarding Forward Looking Statements" and "Risk Factors" below. The following discussion of our financial condition and results of operations as of September 30, 2009 should be read in conjunction with our financial statements and the related notes as provided under Item 1. With respect to the discussion within this Item 2, the terms "Sputnik," "we," "us," and "our" refer to Sputnik Enterprises, Inc. Overview Sputnik, Inc. was incorporated in Delaware on September 27, 2001. On February 10, 2005, we filed Articles of Conversion and new Articles of Incorporation in Nevada and became a Nevada corporation due to lower corporate filing fees. On November 13, 2007, we formed a wholly owned subsidiary, Laika, Inc., and transferred all of our assets and liabilities to Laika. On February 29, 2008, we closed the sale of the stock of our wholly owned subsidiary, Laika, Inc. to AstroChimp, Inc., leaving us as a shell company. We also changed our name to Sputnik Enterprises on February 29, 2008. Results of Operations for the Three Months Ended September 30, 2009 Compared to the Three Months Ended September 30, 2008 Due to the fact that we were a s...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. This 10-Q contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited consolidated financial statements and accompanying notes and the other financial information appearing else where in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Cautionary Note Regarding Forward Looking Statements" and "Risk Factors" below. The following discussion of our financial condition and results of operations as of June 30, 2009 should be read in conjunction with our financial statements and the related notes as provided under Item 1. With respect to the discussion within this Item 2, the terms "Sputnik," "we," "us," and "our" refer to Sputnik Enterprises, Inc. Overview Sputnik, Inc. was incorporated in Delaware on September 27, 2001. On February 10, 2005, we filed Articles of Conversion and new Articles of Incorporation in Nevada and became a Nevada corporation due to lower corporate filing fees. On November 13, 2007, we formed a wholly owned subsidiary, Laika, Inc., and transferred all of our assets and liabilities to Laika. On February 29, 2008, we closed the sale of the stock of our wholly owned subsidiary, Laika, Inc. to AstroChimp, Inc., leaving us as a shell company. We also changed our name to Sputnik Enterprises on February 29, 2008. Results of Operations for the Three Months Ended June 30, 2009 Compared to the Three Months Ended June 30, 2008 Due to the fact that we were a shell...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. R...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. This 10-Q contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited consolidated financial statements and accompanying notes and the other financial information appearing else where in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Cautionary Note Regarding Forward Looking Statements" and "Risk Factors" below. The following discussion of our financial condition and results of operations as of March 31, 2009 should be read in conjunction with our financial statements and the related notes as provided under Item 1. With respect to the discussion within this Item 2, the terms "Sputnik," "we," "us," and "our" refer to Sputnik Enterprises, Inc. Overview Sputnik, Inc. was incorporated in Delaware on September 27, 2001. On February 10, 2005, we filed Articles of Conversion and new Articles of Incorporation in Nevada and became a Nevada corporation due to lower corporate filing fees. On November 13, 2007, we formed a wholly owned subsidiary, Laika, Inc., and transferred all of our assets and liabilities to Laika. On February 29, 2008, we closed the sale of the stock of our wholly owned subsidiary, Laika, Inc. to AstroChimp, Inc., leaving us as a shell company. We also changed our name to Sputnik Enterprises on February 29, 2008. Results of Operations for the Three Months Ended March 31, 2009 Compared to the Three Months Ended March 31, 2008 Because on February 29, 2008, we closed the...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation Sputnik Enterprises seeks the consummation of a reverse merger with another operating company. The Company currently does not engage in any business activities that provide cash flow. During the next twelve months we anticipate incurring costs related to: (i) filing Exchange Act reports, and (ii) investigating, analyzing and consummating a reverse merger. We believe we will be able to meet these costs through use of funds loaned to or invested in us by our stockholders, management or other investors. Liquidity and Capital Resources On February 29, 2008, we closed the sale of the stock of our wholly owned subsidiary, Laika, Inc. to AstroChimp, Inc., leaving us as a shell company. All expenses will be funded as an advance by our officers as we have no assets, liabilities or source of revenues. On December 31, 2008 we had total assets of $0 compared to assets of $97,050 at December 31, 2007, as a result of discontinuing our operations. We had total liabilities of $26,940 as of December 31, 2008, which consisted solely of current liabilities and included $25,000 in note payable and $1,940 of accrued liabilities. We had an accumulated deficit from prior operations of $1,912,836 and an accumulated deficit from development stage of $46,462, as of December 31, 2008. We had net cash used of ($105,282) for the year ended December 31, 2008, which consisted of net loss from operations of ($46,462), net loss from discontinued operations of ($91,467), loss on disposal of ($3,864), depreciation of $1,578, inputed interest on note payable of $2,908, note payable for legal expenses of $25,000, changes in accounts receivable of ($5,660), changes in inventory of ($1,776), changes in prepaid expenses and other current assets of ($2,467), and changes in accounts payable and accrued liabilities of $16,928. We had net cash used by investing activities of ($23,5...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity

Show all filings for SPUTNIK ENTERPRISES, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SPUTNIK ENTERPRISES, INC 24-Nov-2008Entry into a Material Definitive Agreement, Unregistered Sale of Equity Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...
Click here to read the whole Article (external link)

SPUTNIK ENTERPRISES, INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operation. This 10-Q contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited consolidated financial statements and accompanying notes and the other financial information appearing else where in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Cautionary Note Regarding Forward Looking Statements" and "Risk Factors" below. The following discussion of our financial condition and results of operations as of September 30, 2008 should be read in conjunction with our financial statements and the related notes as provided under Item 1. With respect to the discussion within this Item 2, the terms "Sputnik," "we," "us," and "our" refer to Sputnik Enterprises, Inc. Overview Sputnik, Inc. was incorporated in Delaware on September 27, 2001. On February 10, 2005, we filed Articles of Conversion and new Articles of Incorporation in Nevada and became a Nevada corporation due to lower corporate filing fees. On November 13, 2007, we formed a wholly owned subsidiary, Laika, Inc., and transferred all of our assets and liabilities to Laika. On February 29, 2008, we closed the sale of the stock of our wholly owned subsidiary, Laika, Inc. to AstroChimp, Inc., leaving us as a shell company. We also changed our name to Sputnik Enterprises on February 29, 2008. Results of Operations for the Three Months Ended September 30, 2008 Compared to the Three Months Ended September 30, 2007 Because on February 29, 2008, w...
Click here to read the whole Article (external link)