8-K 1 form8k.txt FORM 8K (AUDITED FINANACIAL DISCLOSURE) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 22, 2001 HotBuyer.Com Inc. (Exact name of registrant specified in its charter) New Jersey 000-32787 22-3637225 (State or other (Commission (I.R.S Employer jurisdiction of File Number) Identification No.) incorporation) 819 NASSAU STREET, NORTH BRUNSWICK, NEW JERSEY 08902 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (732) 249-0315 Item 5. Other Events On May 22, 2001 the Board Of Directors upon reviewing the Prospectus as submitted via Rule 424(b)(3) on May 22, 2001 they did not include the audited financial statements of the Company dated February 5, 2001. It was however included in its entirety in the Filing No. 24-4080 Registration Form 1-A and the Regulation A Offering Circular as filed with the Securities Exchange Commission on May 1, 2001. Please see Item 7 of this filing for this information. This information is being provided per incorporation rules into our previous filings. This information is also being included to provide our current shareholders with a recent audited view of our finanacials. Item 7. Accountant Consent REPORT OF INDEPENDENT AUDITOR To the Shareholders and Board of Directors HotBuyer.Com, Inc. We have audited the accompanying balance sheet of HotBuyer.Com Inc. (A Development Stage Company) as of January 31, 2001, and December 31, 2000, and the related statements of income, stockholders equity, and cash flows for the month then ended, and for the period December 14, 2000 (inception) through January 31, 2001. These financial statements are the responsibility of the Company s management. Our responsibility is to express an opinion on these financial statements based on my audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of HotBuyer.Com Inc. at January 31, 2001 and December 31, 2000, and the results of operations and cash flows for month then ended, and for the period December 14, 2000 (inception) through January 31, 2000, in conformity with generally accepted accounting principles. Rogelio G. Castro Certified Public Accountant Oxnard, California February 5, 2001 HOTBUYER.COM INC. (A Development Stage Company) Notes to Financial Statements January 31, 2001 NOTE 1 NATURE OF BUSINESS HOTBUYER.COM INC. (the Company) was incorporated under the laws of the state of New Jersey on December 14, 2000. It was organized for the purpose of engaging in the business of online sales and services through its various internet web sites. The Company has been in the development stage since its formation and is in accordance with Statement of Financial Accounting Standards No. 7 (SFAS #7). Planned principal operations have not yet commenced. NOTE 2 SIGNIFICANT ACCOUNTING POLICIES A. Basis The Company uses the accrual method of accounting. B. Cash and cash equivalents The Company considers all short term, highly liquid investments that are readily convertible within three months to known amounts as cash equivalents. Currently, it has no cash equivalents. C. Loss per share - Net loss per share is provided in accordance with Statement of Financial Accounting Standards No. 128 Earnings Per Share.. Basic loss per share reflects the amount of losses for the period available to each share of common stock outstanding during the reporting period, while giving effect to all dilutive potential common shares that were outstanding during the period, such as stock options and convertible securities. As of December 31, 2000, the Company had no issuable shares qualifed as dilutive to be included in the earnings per share calculations. D. Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statement and accompanying notes. Actual results could differ from those estimates. E. Year End The Company as adopted December 31st as its fiscal year-end. NOTE 3 RELATED PARTY TRANSACTIONS Advances from officer represents those expenses incurred by the Company and paid for by an officer who is also a stockholder of the Company. The amount due is non- interest bearing and is payable upon demand. HotBuyer.Com Inc. (A Development Stage Company) Balance sheets

HotBuyer.Com Inc. (A Development Stage Company) Statement of Operations For the month ended January 31, 2001 and For the period December 14, 2000 (inception) through January 31, 2001 Current Cumulative Period December 31, During January 31, 2001 2000 Development Stage Income $ - $ - $ - - - - Total Income - - - Operating Expenses - - - General and administrative expenses 25 126 151 - - - Total Expenses 25 126 151 Net income from operation (25) (126) (151) Interest income 1 1 Net income (loss) $ (25) $ (125) $ (150) Net loss per share (nil) (nil)

HotBuyer.Com Inc. (a Development Stage Company) Statements of Cash Flows For the month ended January 31, 2001 and For the period December 14, 2000(inception) through January 31, 2001

HotBuyer.Com Inc. (A Development Stage Company) Statement of Stockholders' Equity For the month ended January 31, 2001 and For the period December 14, 2000(inception) through January 31, 2001

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 hereunto duly authorized. HotBuyer.Com Inc. By: /s/ Albert C. Zeller, II 05/22/2001 ________________________________ ______________ Albert C. Zeller, II President Date

HOTBUYER COM INC 8-K