U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 10-QSB/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended September 30, 2004
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
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Commission File No.
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0-30955
KENTEX PETROLEUM, INC.
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(Name of Small Business Issuer in its Charter)
NEVADA 87-0645378
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(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
4685 South Highland Dr., Suite 202
Salt Lake City, UT 84117
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(Address of Principal Executive Offices)
Issuer's Telephone Number: (801)278-9424
None; Not Applicable.
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(Former Name or Former Address, if changed since last Report)
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 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.
(1) Yes X No (2) Yes X No
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APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
None, Not Applicable;
APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares
outstanding of each of the Registrant's classes of common stock, as of the
latest practicable date:
September 15, 2004
2,357,997
This amended Quarterly Report on Form 10-QSB is being filed for the sole
purpose to correct the authorized capital on the Balance Sheet.
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements.
The Financial Statements of the Registrant required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page.
In the opinion of management, the Financial Statements fairly present the
financial condition of the Registrant.
KENTEX PETROLEUM, INC.
BALANCE SHEETS
September 30, 2004 and December 31, 2003
9/30/2004 12/31/2003
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[Unaudited]
ASSETS
Assets $ 0 $ 0
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Total Assets $ 0 $ 0
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LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Loans from stockholders $ 16,336 $ 13,460
Accounts Payable 10,000 0
Accrued Interest 0 0
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Total Current Liabilities 26,336 13,460
Total Liabilities 26,336 13,460
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Stockholders' Deficit:
Common Stock, $.001 par value;
authorized 100,000,000 shares; issued and
outstanding, 2,357,997 shares 2,358 2,358
Paid-in Capital 2,073,802 2,073,802
Accumulated Deficit, prior to development stage (2,041,500) (2,041,500)
Deficit accumulated during development stage (60,996) (48,120)
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Total Stockholders' Deficit (26,336) (13,460)
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Total Liabilities and Stockholders' Deficit $ 0 $ 0
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NOTES TO FINANCIAL STATEMENTS: Interim financial statements reflect all
adjustments which are, in the opinion of management, necessary to a fair
statement of the results for the periods. The December 31, 2003, balance sheet
has been derived from the audited financial statements. These interim financial
statements conform with the requirements for interim financial statements and
consequently do not include all the disclosures normally required by generally
accepted accounting principles.
KENTEX PETROLEUM, INC.
STATEMENTS OF OPERATIONS
For the Three and Nine Month Periods Ended Septmber 30, 2004, 2003 and
for the Period from Reactivation [May 8, 1999] through September 30, 2004
. From the Beginning of
Three Months Three Months Nine Months Nine Months Reactivation on
Ended Ended Ended Ended May 8, 1999 through
9/30/2004 9/30/2003 9/30/2004 9/30/2003 September 30, 2004
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[Unaudited] [Unaudited] [Unaudited] [Unaudited] [Unaudited]
REVENUE
Income $ 0 $ 0 $ 0 $ 0 $ 0
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NET REVENUE 0 0 0 0 0
Operating Expenses
General and Administrative 10,668 330 12,876 2,417 60,996
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Total Operating Expenses 10,668 330 12,876 2,417 60,996
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Net Income Before Taxes $ (10,668) $ (330)$ (12,876)$ (2,417) $ (60,996)
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Income/Franchise taxes 0 0 0 0
Net loss (10,668) (330) (12,876) (2,417)
Loss Per Share $ (0.01) $ (0.01)$ (0.01)$ (0.01)
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Weighted Average Shares Outstanding 2,357,997 2,357,997 2,357,997 2,357,997
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KENTEX PETROLEUM, INC.
STATEMENTS OF CASH FLOWS
For the Three and Nine Month Periods Ended Septmber 30, 2004, 2003 and
for the Period from Reactivation [May 8, 1999] through September 30, 2004
From the Beginning of
Three Months Three Months Nine Months Nine Months Reactivation on
Ended Ended Ended Ended May 8, 1999 through
9/30/2004 9/30/2003 9/30/2004 9/30/2003 September 30, 2004
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[Unaudited] [Unaudited] [Unaudited] [Unaudited] [Unaudited]
Cash Flows Used For Operating Activities
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Net Loss $ (10,668) $ (330)$ (12,876)$ (2,417) (60,996)
Adjustments to reconcile net loss to net cash
used in operating activities:
Shares issued for services 0 0 0 0 34,660
Increase/(Decrease) in accounts payable 10,000 0 10,000 0 10,000
Increase/(Decrease) in Shareholder Loans 668 330 2,876 2,417 16,336
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Net Cash Used For Operating Activities 0 0 0 0 0
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Cash Flows Provided by Financing Activities
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Net Cash Provided by Financing Activities 0 0 0 0
Net Increase In Cash 0 0 0 0
Beginning Cash Balance 0 0 0 0
Ending Cash Balance $ 0 $ 0 $ 0 $ 0
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Item 6.Exhibits and Reports on Form 8-K.
(a) Exhibits
EX 31 Certification of Sarah Jenson, the Company's President, pursuant to
section 302 of the Sarbanes-Oxley Act of 2002
EX 31.1 Certification of Lisa Howells, the Company's Secretary, pursuant
to section 302 of the Sarbanes-Oxley Act of 2002
EX 32 Certification of Sarah Jenson and Lisa Howells pursuant to
section 906 of the Sarbanes-Oxley Act of 2002
(b)Current Reports on Form 8-K.
None; not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
KENTEX PETROLEUM, INC.
Date: 9-28-05 By/S/ Sarah Jenson
Sarah E. Jenson, President and Director
Date: 9-28-05 By/S/ Lisa Howells
Lisa Howells, Secretary, Treasurer and Director