W. S. INDUSTRIES, INC. Financials

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W. S. INDUSTRIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS THIS SECTION OF THIS REPORT INCLUDES A NUMBER OF FORWARD-LOOKING STATEMENTS THAT REFLECT OUR CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE. FORWARD-LOOKING STATEMENTS ARE OFTEN IDENTIFIED BY WORDS LIKE: BELIEVE, EXPECT, ESTIMATE, ANTICIPATE, INTEND, PROJECT AND SIMILAR EXPRESSIONS, OR WORDS WHICH, BY THEIR NATURE, REFER TO FUTURE EVENTS. YOU SHOULD NOT PLACE UNDUE CERTAINTY ON THESE FORWARD-LOOKING STATEMENTS, WHICH APPLY ONLY AS OF THE DATE OF THIS REPORT. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM HISTORICAL RESULTS OR OUR PREDICTIONS. FINANCIAL CONDITION We are a development stage corporation and have realized limited operations and generated limited revenues from our business operations. On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board ("OTCBB") under the symbol "WSID". For the interim period ended May 31, 2009 we generated no revenues from operations and have experienced losses since inception. As of the period ended May 31, 2009 the Company has cash on hand of $1,087, compared to $524 as at August 31, 2008. During the past nine months the Company has used its cash to fund operations and to increase its long term investment in wine from $50,393 in 2008 to $52,998. Thereafter, the Company settled an account payable of $55,184 with the wine collection fair valued at $52,998 and a wine cooler at its carrying value of $2,186. As of the end of the current period, the Company does not have adequate cash to meets its obligations in the upcoming period. The Company does not anticipate purchasing any further wine inventory in the next twelve months to replace that which has been sold. There is considerable doubt as to whether t...
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W. S. INDUSTRIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. FINANCIAL CONDITION We are a development stage corporation and have realized limited operations and generated limited revenues from our business operations. On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board ("OTCBB") under the symbol "WSID". For the interim period ended February 28, 2009 we generated no revenues from operations and have experienced losses since inception. As of the period ended February 28, 2009 the Company has cash on hand of $11, compared to $524 as at August 31, 2008. During the six months period ended February 28, 2009, the Company has used its cash to fund operations and to increase its long term investment in wine from $50,393 in 2008 to $52,998 as of February 28, 2009. As of the end of the current period, the Company does not have adequate cash to meets its obligations in the upcoming period. At February 28, 2009 the Company estimated that it would require $125,000 to meet its operating needs for the current fiscal year, the Company has not yet satisfied its need for cash. The Company will rely on its President to determine how to raise these funds, bearing in mind t...
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W. S. INDUSTRIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS THIS SECTION OF THIS REPORT INCLUDES A NUMBER OF FORWARD-LOOKING STATEMENTS THAT REFLECT OUR CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE. FORWARD-LOOKING STATEMENTS ARE OFTEN IDENTIFIED BY WORDS LIKE: BELIEVE, EXPECT, ESTIMATE, ANTICIPATE, INTEND, PROJECT AND SIMILAR EXPRESSIONS, OR WORDS WHICH, BY THEIR NATURE, REFER TO FUTURE EVENTS. YOU SHOULD NOT PLACE UNDUE CERTAINTY ON THESE FORWARD-LOOKING STATEMENTS, WHICH APPLY ONLY AS OF THE DATE OF THIS REPORT. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM HISTORICAL RESULTS OR OUR PREDICTIONS. FINANCIAL CONDITION We are a development stage corporation and have realized limited operations and generated limited revenues from our business operations. On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board ("OTCBB") under the symbol "WSID". For the interim period ended November 30, 2008 we generated no revenues from operations and have experienced losses since inception. As of the period ended November 30, 2008 the Company has cash on hand of $126, compared to $524 as at August 31, 2008. During the past year the Company has used its cash to fund operations and to increase its long term investment in wine from $22,596 in 2007 to $53,093 as of November 30, 2008. As of the end of the current period, the Company does not have adequate cash to meets its obligations in the upcoming period. At November 30, 2008 the Company estimated that it would require $125,000 to meet its operating needs for the current fiscal year, the Company has not yet satisfied its need for cash. The Company will rely on its president to determine how to raise these funds, bearing in mind the best interests of the Company. Our goal is to profitably sell our services and product...
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W. S. INDUSTRIES, INC. Files SEC form 10KSB, Annual Report

ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS THIS SECTION OF THIS REPORT INCLUDES A NUMBER OF FORWARD-LOOKING STATEMENTS THAT REFLECT OUR CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE. FORWARD-LOOKING STATEMENTS ARE OFTEN IDENTIFIED BY WORDS LIKE: BELIEVE, EXPECT, ESTIMATE, ANTICIPATE, INTEND, PROJECT AND SIMILAR EXPRESSIONS, OR WORDS WHICH, BY THEIR NATURE, REFER TO FUTURE EVENTS. YOU SHOULD NOT PLACE UNDUE CERTAINTY ON THESE FORWARD-LOOKING STATEMENTS, WHICH APPLY ONLY AS OF THE DATE OF THIS REPORT. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM HISTORICAL RESULTS OR OUR PREDICTIONS. We are a development stage corporation and have realized limited operations and generated limited revenues from our business operations. Mr. Dempsey is responsible for our managerial and organizational structure which will include preparation of disclosure and accounting controls under the Sarbanes Oxley Act of 2002. Should he not have sufficient experience, he may be incapable of creating and implementing the controls which may cause us to be subject to sanctions and fines by the SEC which ultimately could cause you to lose your investment. PLAN OF OPERATIONS We have raised a total of US$235,186 in our equity offerings; as a result, we have been able to satisfy our cash requirements since inception. The Company estimates that it will need $125,000 to meet its operating needs, including general administrative costs for the upcoming fiscal year. In the next 12 months the Company will need to raise additional cash to continue operations. The Company will rely on its president to determine how to raise these funds, bearing in mind the best interests of the Company. Our goal is to profitably sell our services and products, and we have put in place a plan to accomplish this goal. To reach our goal of ...
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