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EX-32.1 - CYBER INFORMATIX 10Q, CERTIFICATION 906 - Goldenway, Inc.cyberexh32_1.htm
EX-31.1 - CYBER INFORMATIX 10Q, CERTIFICATION 302 - Goldenway, Inc.cyberexh31_1.htm


 
________________________________________________________________________
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 10-Q
 
x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended December 31, 2010
 
o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from                      to                     
 
Commission file number: 333-154610
 
CYBER INFORMATIX, INC.
(Exact name of Small Business Issuer as Specified in its Charter)
 
Nevada
22-3968194
(State or Other Jurisdiction
(I.R.S. Employer
of Incorporation or
Identification
Organization)  
 Number) 
 
3647 Hanna Bay, Regina, Sk., S4S 7C8, Canada
(Address of registrant's principal executive offices)
 
(888) 205-2249
(Issuer’s Telephone Number, Including Area Code)
 
 
Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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.
 
Yes  x       No  o
 
Indicate by check mark whether the Issuer is a shell company (as defined by Rule 12b-2 of the Exchange Act).
 
Yes  x       No  o
 
State the number of shares outstanding of each of the Issuers classes of common equity, as of the latest practicable date:
 
Common, $.001 par value per share: 5,870,000 outstanding as of December 31st, 2010.
 
 
 

 
 
 
TABLE OF CONTENTS
 

 

 

 

 

 

 
 
 
PART I - FINANCIAL INFORMATION
 
Item 1.       Financial Statements.
 
 
 
 
CYBER INFORMATIX, INC.
 
 
CONDENSED FINANCIAL STATEMENTS
 
December 31, 2010
(Unaudited)
 















CYBER INFORMATIX, INC.
 
(A Development Stage Company)
 
CONDENSED BALANCE SHEETS (UNAUDITED)
 
             
   
2010
   
2010
 
   
December 31
   
June 30
 
CURRENT ASSETS
           
Cash
    1,069     $ 1,809  
                 
TOTAL CURRENT ASSETS
    1,069       1,809  
                 
SOFTWARE AND WEBSITE
               
Net of Depreciation and Amortization
    -       -  
                 
TOTAL ASSETS
    1,069     $ 1,809  
                 
CURRENT LIABILITIES
               
Accounts Payable and Accrued Liabilities
    -       990  
Shareholders' Loans
    -       -  
                 
TOTAL CURRENT LIABILITIES
    -       990  
                 
                 
TOTAL LIABILITIES
    -       990  
                 
STOCKHOLDERS' EQUITY
               
Common stock; 75,000,000 shares authorized at $0.001 par value,
         
5,870,000 shares issued and outstanding, (Note 3)
    5,870       5,870  
Additional Paid In Capital
    150,632       139,909  
Accumulated Deficit in the development stage
    (155,433 )     (144,960 )
                 
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)
    1,069       819  
                 
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
    1,069     $ 1,809  
  
 
 
The accompanying notes are an integral part of these financial statements.
F-1


CYBER INFORMATIX, INC.
 
(A Development Stage Company)
 
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
 
   
                           
From Inception
 
   
Three Months Ended
   
Six Months Ended
   
September 10,
 
   
December 31 Quarter Ended
   
December 31,
   
2007 through
 
   
2010
   
2009
   
2010
   
2009
   
December 31, 2010
 
                               
SALES
  $ -     $ 30     $ -     $ 60     $ 926  
SALES FROM RELATED PARTIES
    -       -       -       -       236  
                                         
TOTAL SALES
    -       30       -       60       1,162  
                                         
COST OF SALES
    -       -       -       -       -  
                                         
GROSS PROFIT
    -       30       -       60       1,162  
                                         
OPERATING EXPENSES
                                       
                                         
General & administrative expenses
    4,645       1,401       10,473       7,747       58,364  
Advertising & marketing
    -       -       -       -       7,314  
Website design
    -       -       -       -       10,778  
Impairment of software
    -       -       -       -       22,774  
Depreciation & amortization
    -       4,574       -       9,147       64,365  
                                         
TOTAL OPERATING EXPENSES
    4,645       5,975       10,473       16,894       163,595  
                                         
LOSS FROM OPERATIONS
    (4,645 )     (5,945 )     (10,473 )     (16,834 )     (162,433 )
                                         
OTHER INCOME (EXPENSES)
                                       
Gain on extiguishment of debt
    -       -       -       -       8,204  
Interest Expense
    -       -       -       -       (1,204 )
                                         
TOTAL OTHER EXPENSES
    -       -       -       -       7,000  
                                         
LOSS BEFORE INCOME TAXES
    (4,645 )     (5,945 )     (10,473 )     (16,834 )     (155,433 )
                                         
PROVISION FOR INCOME TAXES
    -       -       -       -       -  
                                         
NET LOSS
  $ (4,645 )   $ (5,945 )   $ (10,473 )   $ (16,834 )   $ (155,433 )
                                         
Basic loss per share of common stock
  $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.00 )        
                                         
                                         
Weighted average number
                                       
of common shares outstanding
    5,870,000       5,870,000       5,870,000       5,733,995          
 
 
 
 
The accompanying notes are an integral part of these financial statements.
F-2
 
 
 
CYBER INFORMATIX, INC.  
(A Development Stage Company)  
CONDENSED UNAUDITED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)  
                                     
               
Additional
   
Stock
         
Totals
 
   
Common Stock
   
Paid In
   
Subscriptions
   
Accumulated
   
Stockholders'
 
   
Shares
   
Amount
   
Capital
   
Receivable
   
Deficit
   
Equity
 
                                     
BALANCE ON INCEPTION
                                   
September 10, 2007
    -     $ -     $ -     $ -     $ -     $ -  
                                                 
Common stock issued at $0.001
                                               
Per share, September 30, 2007
    4,500,000       4,500       -       -       -       4,500  
                                                 
Common stock issued at $0.01
                                               
Per share, June 30, 2008
    945,000       945       8,505       (9,450 )     -       -  
                                                 
Contributed Capital
    -       -       1,800       -       -       1,800  
                                                 
Net (Loss) for year ended
                                               
June 30, 2008
    -       -       -       -       (38,523 )     (38,523 )
                                                 
BALANCE, JUNE 30, 2008
    5,445,000     $ 5,445     $ 10,305     $ (9,450 )   $ (38,523 )   $ (32,223 )
                                                 
Contributed Capital
    -       -       57,408       -       -       57,408  
                                                 
Common stock issued at $0.02
                                               
Per share, June 30, 2009
    150,000       150       2,850       9,450       -       12,450  
                                                 
Net (Loss) for year ended
                                               
June 30, 2009
    -       -       -       -       (69,786 )     (69,786 )
                                                 
BALANCE, JUNE 30, 2009
    5,595,000     $ 5,595     $ 70,563     $ -       (108,309 )   $ (32,151 )
                                                 
Contributed Capital
    -       -       64,121       -       -       64,121  
                                                 
Common stock issued at $0.02
                                               
Per share, September 30, 2009
    275,000       275       5,225       -       -       5,500  
                                                 
Net (Loss) for year ended
                                               
June 30, 2010
    -       -       -       -       (36,651 )     (36,651 )
                                                 
BALANCE, JUNE 30, 2010
    5,870,000     $ 5,870     $ 139,909     $ -     $ (144,960 )   $ 819  
                                                 
Contributed Capital
    -       -       10,723       -       -       10,723  
                                                 
Net (Loss) for the six months ended
                                               
December 31, 2010
    -       -       -       -       (10,473 )     (10,473 )
                                                 
BALANCE, DECEMBER 31, 2010
    5,870,000     $ 5,870       150,632     $ -     $ (155,433 )   $ 1,069  
 
 
 
The accompanying notes are an integral part of these financial statements.
F-3
 
 
 
CYBER INFORMATIX, INC.
 
(A Development Stage Company)
 
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)  
   
           
From Inception
 
   
Six Months Ended
   
September 10,
 
   
December 31,
   
2007 through
 
   
2010
   
2009
   
December 31, 2010
 
OPERATING ACTIVITIES
                 
Net Loss
  $ (10,473 )   $ (16,834 )   $ (155,433 )
Adjustments to reconcile net loss to net cash used by
                       
operating activities:
                       
Gain on extinguishment of debt
    -       -       (7,000 )
Impairment of software
    -       -       22,774  
Depreciation & amortization
    -       9,147       64,365  
Donated Rent
    1,200       1,200       7,800  
Expenses paid by related parties
    8,963       -       8,963  
Changes in operating assets and liabilities:
                       
Increase (decrease) in accounts payable
    (990 )     (2,328 )     0  
                         
Net Cash Provided (Used) by Operating Activities
    (1,300 )     (8,815 )     (58,531 )
                         
INVESTING ACTIVITIES
                       
Purchase of fixed assets
    -       -       (72,139 )
                         
Net Cash Provided (Used) by Investing Activities
    -       -       (72,139 )
                         
FINANCING ACTIVITIES
                       
Sale of Stock
    -       275       22,450  
Contributed Capital
    560       9,265       69,789  
Proceeds (payment) on note payable
    -       -       (8,000 )
Proceeds (payment) on shareholder loan
    -       -       47,500  
                         
Net Cash Provided by Financing Activities
    560       9,540       131,739  
                         
NET INCREASE (DECREASE) IN CASH
    (740 )     725       1,069  
                         
CASH POSITION, BEGINNING OF PERIOD
    1,809       272       -  
                         
CASH POSITION, END OF PERIOD
  $ 1,069     $ 997     $ 1,069  
                         
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
                 
                         
CASH PAID FOR DURING THE PERIOD:
                       
Interest
  $ -     $ -     $ 300  
Income Taxes
  $ -     $ -     $ -  
NON CASH FINANCING ACTIVITIES:
                       
Stock Subscriptions Receivable
  $ -     $ -     $ -  
Donated Rent
  $ 1,200     $ 1,200     $ 7,800  
Note Payable for Software Asset Purchase
  $ -     $ -     $ 8,000  
 
 
The accompanying notes are an integral part of these financial statements.
F-4


CYBER INFORMATIX, INC.
(A Development Stage Company)

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS
For The Period Ended December 31, 2010

1.
BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations.  The information furnished in the interim consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements.  Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim consolidated financial statements be read in conjunction with the Company’s most recent audited consolidated financial statements and notes thereto as of June 30, 2010. Operating results for the six months ended December 31, 2010 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2011.

2.
DESCRIPTION OF THE BUSINESS

Cyber Informatix, Inc. (the "Company") is in the initial development stage and has incurred losses since inception totaling $(155,433) as of December 31, 2010. The fiscal year end of the Company is June 30. The company was incorporated September 10, 2007 under the laws of the state of Nevada as Cyber Informatix, Inc. The company was established to pursue opportunities in the pre-packaged downloadable software industry, targeting the consumer software application market. The software products are marketed exclusively via the internet and are available for download only.

The company initially purchased software and source code assets via an asset purchase agreement on September 30, 2007. The website has been further developed to accommodate multi-payment applications and functions as a user-friendly e-commerce business. The software products are available via download online at www.cyberinformatix.com and www.personalelectronicorganizer.com .

3.
CAPITAL STOCK

The company currently has authorized 75,000,000 common voting shares each with a par value of $0.001. On September 28, 2007, the Company issued a total of 4,500,000 shares of its common stock to its founders for total cash proceeds of $4,500. On June 30, 2008, the Company issued a total of 945,000 shares of its common stock to nineteen individuals residing outside the U.S. for total proceeds of $9,450. On June 30, 2009, the Company issued a total of 150,000 shares of its common stock for total proceeds of $3,000. On September 30, 2009, the Company issued a total of 275,000 shares of its common stock for total proceeds of $5,500. As of the period ended December 31, 2010, the company had a total of 5,870,000 common shares outstanding.

4.
RELATED PARTY TRANSACTIONS

From inception at September 10, 2007 through to June 30, 2010, the founding shareholders, Donald C. Jones and Terry G. Bowering, who are also Directors of the company, provided loans to the company. The total outstanding balance of the shareholder loans as at December 31, 2010 was $0. During the fiscal year ended June 30, 2009, Terry G. Bowering converted the entire remaining balance of his shareholder loan to equity in the amount of $26,913, which was credited to Additional Paid-In Capital. Mr. Donald C. Jones converted the entire remaining balance of his shareholder loan to equity in the amount of $47,500, which was credited to Additional Paid-In Capital during the fiscal year ended June 30, 2010.
 

F-5
 
 
 
CYBER INFORMATIX, INC.
(A Development Stage Company)

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS
For The Period Ended December 31, 2010


4.
RELATED PARTY TRANSACTIONS (continued)

In addition, the President of the Company, Mr. Terry G. Bowering is providing office space at his residence to conduct administrative duties to manage the company’s business. The company has deemed this space to have a value of $200 per month (rent expense) which is credited to Contributed Capital and shown on the balance sheet as Additional Paid-In Capital. During the six months period ending December 31, 2010, Mr. Bowering contributed a total of $10,723 in additional paid-in capital to cover operating expenses.
 
5.
GOING CONCERN

The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.

From inception at September 10, 2007 through to December 31, 2010, the Company has incurred a net loss of $(155,433). These factors may create uncertainty about the Company's ability to continue as a going concern.

In order to continue as a going concern and achieve a profitable level of operations, the Company will require, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (1) raising additional capital through sale of common stock in additional private placement share offerings expected to commence in the 2010/2011 fiscal year; (2) obtaining loans by issuing additional promissory notes to principals and/or shareholders.

Management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


6.
SUBSEQUENT EVENTS
 
The Company has evaluated subsequent events from the date which the financial statements were issued, and no other events have occurred.




F-6
 
 
 
CYBER INFORMATIX, INC.
(A Development Stage Company)
 
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.

SEC Rule 405 under the Securities Exchange Act defines a "shell company" as a registrant with no or nominal operations and no or nominal assets or just assets consisting entirely of cash.  A shell company is required to identify itself as such on the cover page of its periodic SEC reports.  In the event of certain corporate reorganizations effecting a change in control of the SEC reporting company with an otherwise privately held company, a shell company is required to make extensive additional disclosures regarding the shell company and the privately held company whose objective may be to become an SEC reporting, public company.  We have identified ourselves as a shell company because of our limited operations and assets to date.  It is not our plan or intention to seek out or entertain proposals for reorganization of our company with any other company which would result in a change in control or change in our business objective of being a successful software development and e-commerce company.   The point at which a potential shell company's operations and assets would no longer be considered nominal is not defined in the Rule and has not been clarified by any SEC pronouncements or judicial interpretations.  We intend to re-evaluate our operations and assets as well as any additional legal clarification prior to the filing of every report to determine if it is appropriate to change our self determined status.

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

Cyber Informatix, Inc., (referred to herein as the “Company”, “we”, “us” and “our”) is primarily engaged in the pre-packaged downloadable software business. We are a small software design and e-commerce company in the development stage whose primary business is developing and marketing economically-priced downloadable application software via the Internet. The company was incorporated under the laws of the State of Nevada on September 10, 2007. Our telephone number is (888)205-2249 and our facsimile number is (702)926-3376. Our corporate resident agent, located in the state of Nevada, is Spiegal & Ultrera Law Firm located at 1785 E. Sahara Avenue, Suite 490, Las Vegas, Nevada 89104 (Telephone:  702.364.2200, Facsimile 702.458.2100). For the period from inception through to December 31, 2010, our total sales were $1,162 and our total accumulated net loss was $(155,433). We have no partnering, joint venture or similar such arrangements and/or commitments to enter into any such agreements.

We were established to pursue opportunities in the pre-packaged downloadable software industry, targeting the personal-use consumer software application market. To launch our business, our current software source code assets and website were purchased on September 28, 2007 via an asset purchase agreement. As well, we retained a software developer and website design firm to develop our business. Our software application products are distributed exclusively via the internet and are available for download only on our fully operational e-commerce website located on the World Wide Web at www.personalelectronicorganizer.com , and www.cyberinformatix.com . The website has been further developed to accommodate multi-payment applications. Software and web design development is ongoing with the objective of ensuring that our software products are compatible with current PC operating systems and contain all of the features necessary to maximize “user-friendliness” for the consumer.
 
 
 
- 10 -


 
CYBER INFORMATIX, INC.
(A Development Stage Company)

We generate our revenues from software downloads of our products from our website. Payment is made through our online integrated shopping cart that accepts a wide range of online payment methods, including PayPal, credit cards, and e-checks. On December 31, 2010, we had total assets of $1,069. Over the next 9-12 months, we intend to complete the redevelopment and upgrade our current suite of proprietary software products to be fully compatible with new Microsoft PC operating systems standards which is currently known as “Windows 7”.  We also intend to develop more software product applications in the future to add to our current product line.

We have received a going concern opinion from our auditors which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. For the six months period ended December 31, 2010, the Company had a net loss of $(10,473) and an accumulated retained earnings deficit as at December 31, 2010 of $(155,433). The Company intends to fund operations over the next six to twelve months through improved cash flow generated from operations as well as equity financing arrangements, both of which should be sufficient to fund its capital expenditures, working capital and other cash requirements over the next six months to the year ending June 30, 2011. Please refer to Note 5, “Going Concern”, accompanying the financial statements. The discussion below provides an overview of our operations, discusses our results of operations, our plan of operations and our liquidity and capital resources.

Results of Operations

Overview - Quarter ended December 31, 2010

Our sales have been minimal due to the fact that we have not expended any significant funds for marketing and online advertising to drive traffic to the website.  We are still in the initial stages of launching our Internet Search Engine Optimization marketing program. Total sales for the three months ended December 31, 2010 were $0 compared to $30 in sales for the three months ended December 31, 2009. Gross profit, herein defined as sales less cost of sales, was $0 for the three months ended December 31, 2010, compared to $30 gross profit for the three months ended December 31, 2009. Our operating expenses, which were primary accounting, auditing, and legal costs, totaled $4,645 for the three months ended December 31, 2010 compared to operating expenses of $5,975 for the three months ended December 31, 2009. The decrease in operating expenses for the quarter, versus the same period in the previous year, was due to decreased depreciation and amortization expenses, resulting from fully depreciating the software asset in prior periods. We realized a net loss of $(4,645) for the three months ended December 31, 2010 compared to a net loss of $(5,945) for the three months period ended December 31, 2009.

Overview – Six months ended December 31, 2010

Total sales for the six months ended December 31, 2010 were $0 compared to $60 in sales for the six months ended December 31, 2009. Our total operating expenses were $10,473 for the six months ended December 31, 2010 compared to operating expenses of $16,894 for the six months ended December 31, 2009. The decrease in operating expenses for the six months ended December 31, 2010, versus the same period in the previous year, was primarily due to decreased depreciation and amortization expense, resulting from fully depreciating the company’s software asset in the prior period. We realized a net loss of $(10,473) for the six months ended December 31, 2010 compared to a net loss of $(16,834) for the six months period ended December 31, 2009.

Operations Outlook

The Company's plan of operations and primary objective for the next six months to the fiscal period ending June 30, 2011 is to commence and complete a software upgrade to make the software compatible with the new “Windows 7” Microsoft PC Operating System and to conduct an initial and limited launch of our Internet Search Engine Optimization Marketing campaign designed to increase traffic and generate sales on our website, www.cyberinformatix.com and www.personalelectronicorganizer.com .
 
 
 
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CYBER INFORMATIX, INC.
(A Development Stage Company)

The success of our business is dependent upon consistently driving a significant amount of online users (Internet ‘traffic’) to our e-commerce website that will then download and purchase our software products. Our ability to fully develop our software products and deliver them on a price-competitive basis is also paramount to our success. As our business grows, we must also attract and retain qualified expert software consultants so that we can keep pace with the changing technology and provide customers with useful and economically-priced software applications.
 
The likelihood of our success will also depend upon our ability to:
 
        Raise additional capital from equity and/or debt financing to overcome the problems and risks described herein;
        Absorb the expenses and delays frequently encountered in the operation of a development stage business; and
        Succeed in the competitive environment in which we will operate.

Our continuation as a going concern is dependent on our ability to generate sufficient cash flow to meet our obligations on a timely basis and ultimately to achieve profitability. Our plan of operation over the next six to twelve months period is to focus upon completing out software upgrade and our commencing our marketing plan.

The full implementation of our business plan, including the employment or retention of experts as consultants, is dependent upon our ability to raise significant additional capital from equity and/or debt financing and/or achieve significant profits from operations. We believe that we may not realize significant profits from operations in the next year and that it will be necessary to raise additional funds. We intend to increase our efforts to raise capital, exploring all available alternatives for debt and/or equity financing, including, but not limited to, private and public securities offerings. We cannot be certain that these efforts will be successful. In the event that only limited additional financing is received, we expect our opportunities in the software development business to be limited. Further, even if we succeed in obtaining the level of funding necessary to fully implement our business plan and proposed integrated marketing campaign and employ or retain the necessary experts in software development, this will not ensure the realization by us of profits from operations.

Satisfaction of our cash obligations for the next 12 months
 
Our plan of operation has provided for us to: (i) initially develop a business plan, and (ii) begin the early stages of our marketing plan (iii) complete phase I of our proprietary software upgrade.

We may seek loans from affiliated parties to fund our operations over the next twelve months. Currently, we have made not made any written or legally enforceable arrangements to obtain such funding. We have estimated that the costs of planned operations for the next twelve months will not exceed $50,000. Unless we successfully realize proceeds from the sale of new shares and/or Management provides interim funding directly, we will not be able to conduct planned operations with currently available capital resources beyond the next 90 days. We have estimated that the amount of funding needed to conduct planned operations for the next twelve months, which includes the completion of our first phase of our software re-development as well as our marketing plan to drive online sales, to be approximately $50,000. However, this total is predominantly comprised of variable costs which are non-essential. The primary variable cost that will drive revenues and growth for our online software business is marketing and advertising costs.

At the date of this filing, management has not made any written or legally enforceable agreements to obtain funding for the next twelve months of operations. Terry G. Bowering, the principal, has in the past committed personal funds in the form of shareholder loans to initially fund the company. Management feels that it is in the best interests of the company to provide the necessary funds when needed over the next twelve-month period to continue the company’s plan of operations. At such time if and when funds are advanced to the company in the form of additional loans, the company will issue promissory notes that will stipulate conditions for re-payment. This document (promissory note) will be enforceable in accordance with its terms under the applicable law. Therefore, management may seek loans from affiliated parties to provide funds from time to time over the next twelve month period subject to the conditions
 
 
 
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CYBER INFORMATIX, INC.
(A Development Stage Company)

that the company will issue corresponding promissory notes and that the company will continue to undertake all the steps that are necessary in realizing its business plan and maintaining its status as a fully-reporting public company.

The material costs associated with maintaining the company’s status as a fully reporting company are auditing, accounting, and legal fees. At the date of this filing, Management estimates that these particular expenses combined with some additional marketing expenditures will be a minimum of $10,000 for the next twelve months.

Summary of any product research and development that we will perform for the term of the plan
 
We anticipate undergoing further development and upgrade of our proprietary software. We have determined that we need to add a number of navigation features to our software to make it substantially more user-friendly. With additional funding, we intend to roll out a new version of our software in 2011 to be compatible with the new Microsoft “Windows 7” PC operating system.

Expected purchase or sale of plant and significant equipment
 
We do not anticipate the purchase or sale of any plant or significant equipment; as such items are not required by us at this time or in the next 12 months.

Changes in number of employees
 
The number of employees required to operate our business is currently one individual (our company principal). We currently contract out for our website design and software development services. Our current plan of operation anticipates our requiring additional capital to hire at least one full time person.

Goals
 
We have the following goals for the next nine to twelve months:

Improve Customer/User Experience via website upgrades. We intend to continue to develop our website and software to improve ease of use and “user-friendliness”. Management believes that furtherance of this goal will result in increased “stickiness” of the website, meaning that users will view more pages within the site and voluntarily return to the website more often, both of which should result in sales revenue.

Software Development: Compatibility with Microsoft “Windows 7” PC Operating System. Currently, our feature product called “Personal Organizer 6.0”, www.personalelectronicorganizer.com , has reached the completion stage of the software upgrade and has been released.  This particular product is aimed at the retail consumer market where individuals will find it useful in organizing their daily personal affairs. We plan to begin further development of this product in order to make it fully compatible with the new and increasingly popular Microsoft “Windows 7” PC operating system. We are also planning to extend its application to the corporate market. Specifically, we are considering a time-management and organizer product for the high-level Corporate Executive, as well as a project management product suitable for multiple applications.

Increase Traffic to our Website. We intend to use both free and paid online and offline promotion opportunities to launch our initial marketing campaign to attract new traffic to our website. Management believes that increased traffic to our website will begin to result in increased revenue. We believe that as we attract more online users to our website that try our free product trials, it will result in sale conversions.

We will aim to reach a critical mass of online customers sufficient enough to generate positive monthly positive cash flows, thorough a comprehensive marketing plan that builds the "Personal Organizer” and Cyber Informatix Products brand names by consistently driving traffic to our e-commerce website in a cost-effective manner. We are currently in the process of achieving the step of marketing and building our software product brand name by launching the initial
 
 
 
 
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CYBER INFORMATIX, INC.
(A Development Stage Company)

stages of our Search Engine optimization marketing program. However, funding for the completion of these steps is dependent upon our success in raising capital from equity and/or debt financing. We expect to be able to initiate a limited marketing campaign with the proceeds that we expect to receive from funds raised over the next six to nine months. At this time, we cannot be certain that we will be able to raise adequate funds from any future private or public securities offerings in which event our expansion and operations plans may be required to be altered or even curtailed.

Liquidity and Capital Resources

Overview – Six Months Ended December31, 2010

For the six months period ended December 31, 2010, net cash (used) by operating activities was $(1,300). Net cash (used) by operating activities for the six months period ended December 31, 2009 was $(8,815). Cash (used) by investing activities during the six months ended December 31, 2010 was $Nil. Net cash (used) by investing activities for the three months ended December 31, 2009 was $Nil. Net cash provided by financing activities for the six months ended December 31, 2010 was $560. Net cash provided by financing activities for the six months period ending December 31, 2009 was $9,540. As at December 31, 2010 we had $1,069 in cash, compared to $1,809 as at the previous year ended June 30, 2010. We had working capital of $1,069 as at December 31, 2010 compared to working capital of $819 as at the previous year ended June 30, 2010.
 
Other Information - Certain Relationships and Related Transactions

We intend that any transactions between us and our officers, directors, principal stockholders, affiliates or advisors will be on terms no less favorable to us than those reasonably obtainable from third parties. As noted in Note 4 of the Consolidated Financial Statements of December 31, 2010: During the three months ended December 31, 2010, the principal shareholders provided no additional loans to the company. As of December 31, 2010, the total outstanding balance of shareholder loans was $0. During the six months period ending December 31, 2010, Mr. Terry G. Bowering, the principal, contributed a total of $10,723 in Additional Paid-In Capital to cover operating expenses.
 
Item 3.       Controls and Procedures.

Management has evaluated, with the participation of our Principal Executive Officer and Principal Financial Officer, the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) as of the end of the period covered by this report.  Based upon this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were non-effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms. This is due to the fact that at this stage we are a small reporting company with limited staff. There have been no significant changes in our internal controls over financial reporting that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
 
 
 
 
 
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CYBER INFORMATIX, INC.
(A Development Stage Company)

PART II - OTHER INFORMATION
 
Item 1.       Legal Proceedings.

There are no material pending legal proceedings to which the Company is a party or to which any of its property is subject.

Item 2.       Unregistered Sales of Equity Securities and Use of Proceeds.
 
None.

Item 3.       Defaults Upon Senior Securities.
 
None.
 
Item 4.       Submission of Matters to a Vote of Security-Holders.
 
None.
 
Item 5.       Other Information.
 
None.

Item 6.       Exhibits.

 
 
SIGNATURES
 
In accordance with the requirements of the Exchange Act, the Registrant caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
 
CYBER INFORMATIX, INC.:
(Registrant)
 
Dated:  February 3rd, 2011:                                       
 
By:   /s/ Terry G. Bowering
Terry G. Bowering, Chief Executive Officer
(Principal Executive Officer) Chief Financial Officer,
Chief Accounting Officer (Principal Financial Officer)
Director

 
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