##### Table of Contents



U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, DC 20549
 
 Form 10-QSB
 þ
    
    Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934for the quarterly period ended June 30, 2005o
    
    Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934
 333-64840
 iCURIE, INC.
  Nevada
    
    91-2015441(State or Other Jurisdiction of
    
    (I.R.S. EmployerIncorporation or Organization)
    
    Identification No.)
 Espirito Santo Plaza, 1395 Brickell Avenue, Suite 800, Miami, Florida 33131
 (305) 529-6290
 X
  Class
    
    Outstanding as of August 12, 2005Common Stock
    
    29,050,578
 X




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TABLE OF CONTENTS  PART I FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Managements Discussion and Analysis or Plan of OperationItem 3. Controls and ProceduresPART II OTHER INFORMATIONItem 6. ExhibitsAmended and Restated Articles of IncorporationAmended and Restated BylawsCertification of CEO Pursuant to Section 302Certification of CFO Pursuant to Section 302Certification Pursuant to Section 906Certification Pursuant to Section 906    Table of Contents  
 PART I
FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 iCURIE, INC.
(formerly Cedar Mountain Distributors, Inc.)
Condensed Balance Sheet
June 30, 2005
(Unaudited)
 AssetsCurrent assets:Cash
    
    $
    38,424Total assets
    
    $
    38,424Liabilities and Shareholders EquityLiabilities:Accounts payable
    
    $
    2,580Accrued expenses
    
    
    1,000Total liabilities
    
    
    3,580Shareholders equity (Note 2):Preferred stock, Series A, $.001 par value; 30,000,000 shares authorized,
-0- shares issued and
outstanding
    
    
    Common stock, $.001 par value; 50,000,000 shares authorized,
4,400,001 shares issued and
outstanding
    
    
    4,400Additional paid-in capital
    
    
    319,547Retained deficit
    
    
    (289,103
    )Total shareholders equity
    
    
    34,844Total liabilities and shareholders equity
    
    $
    38,424
  2




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iCURIE, INC.
(formerly Cedar Mountain Distributors, Inc.)
Condensed Statements of Operations
(Unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2005
    
    
    2004
    
    
    2005
    
    
    2004Costs and expenses:General and administrative expenses
    
    $
    5,122
    
    
    $
    5,773
    
    
    
    10,368
    
    
    $
    14,048Interest expense
    
    
    824
    
    
    
    783
    
    
    
    1,595
    
    
    
    1,425Loss from operations
    
    
    (5,946
    )
    
    
    (6,556
    )
    
    
    (11,963
    )
    
    
    (15,473
    )Other income:Fee from merger candidate (Note 5)
    
    
    50,000
    
    
    
    
    
    
    
    50,000
    
    
    
    Profit/(Loss) before income taxes
    
    
    44,054
    
    
    
    (6,556
    )
    
    
    38,037
    
    
    
    (15,473
    )Income tax provision (Note 3)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net
Profit/(Loss)
    
    $
    44,054
    
    
    $
    (6,556
    )
    
    
    38,037
    
    
    $
    (15,473
    )Basic and
diluted profit/(loss) per share
    
    $
    0.01
    
    
    $
    (0.00
    )
    
    
    0.01
    
    
    $
    (0.00
    )Weighted average common shares outstanding
    
    
    4,400,001
    
    
    
    4,400,001
    
    
    
    4,400,001
    
    
    
    4,400,001
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iCURIE, INC.
(formerly Cedar Mountain Distributors, Inc.)
Condensed Statements of Cash Flows
(Unaudited)
 Six Months EndedJune 30,2005
    
    
    2004Net cash used in operating activities
    
$
    33,698
    
    
    $
    (7,848
    )Cash flows from financing activities:Proceeds from notes
payable (Note 2)
    
    
    4,000
    
    
    
    5,000Net cash provided by financing activities
    
    
    4,000
    
    
    
    5,000Net change in cash
    
    
    37,698
    
    
    
    (2,848
    )Cash, beginning of period
    
    
    726
    
    
    
    5,026Cash, end of period
    
$
    38,424
    
    
    $
    2,178Supplemental disclosure of cash flow information:Cash paid during the period for:Interest

    
$
    
    
    
$
    Income taxes
    
$
    
    
    
    $
    
  4




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iCURIE, INC.
(formerly Cedar Mountain Distributors, Inc.)
Statement of Changes in Shareholders Equity
(Unaudited)
 AdditionalPreferred Stock
    
    
    Common Stock
    
    
    Paid-In
    
    
    RetainedShares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Capital
    
    
    Deficit
    
    
    TotalBalance at
January 1, 2005
    
    
    
    
    
    $
    
    
    
    
    13,200,000
    
    
    $
    13,200
    
    
    
    258,519
    
    
    $
    (327,140
    )
    
    $
    (55,421
    )June 3,
2005  3:1 reverse stock split (Note 4)
    
    
    
    
    
    
    
    
    
    
    (8,799,999
    )
    
    
    (8,800
    )
    
    
    267,319
    
    
    
    
    
    
    
    Distribute investment in subsidiary
to former officer and director
in exchange for the forgiveness
of debts owed by the Company
(Note 2)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    45,028
    
    
    
    
    
    
    
    45,028Contributed rent and services
(Note 2)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7,200
    
    
    
    
    
    
    
    7,200Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    38,037
    
    
    
    38,037Balance at
June 30, 2005
    
    
    
    
    
    $
    
    
    
    
    4,400,001
    
    
    $
    4,400
    
    
    
    319,547
    
    
    $
    (289,103
    )
    
    $
    34,844
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iCURIE, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
 1.
    
    Interim Reporting  Basis Of PresentationThe summary of the significant accounting policies of iCurie, Inc. (known prior to July 8,
2005, as Cedar Mountain Distributors, Inc.)(the Company) are incorporated herein by
reference from the consolidated financial statements included in the Companys Form 10-KSB
for the year ended December 31, 2004.The accompanying unaudited condensed consolidated financial statements have been prepared in
accordance with generally accepted accounting principles and with Form 10-QSB requirements.
Accordingly, they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. In the opinion of
management, all adjustments considered necessary for a fair presentation have been included.
Operating results for the six month period ended June 30, 2005, are not necessarily
indicative of the results that may be expected for the year ended December 31, 2005.2.
    
    Related Party TransactionsDuring the six month periods ended June 30, 2004 and 2005, the Company utilized the
services, furniture, equipment, and facilities of an officer and director of the subsidiary
of the Company, valued at $1,200 each month. These services have been reflected as an
operating expense and with a corresponding charge to additional paid-in capital in the
unaudited condensed consolidated financial statements.During the six month period ended June 20, 2005, Dassity, Inc., a corporation wholly-owned
by Brenda M. Hall, sole officer and director of the Company prior to July 8, 2005, loaned
the Company $4,000 at 8% interest. The note has subsequently been paid in full.On June 30, 2005, the Company entered into a settlement and release agreement with
James R. Smith, a former officer, director and shareholder of the Company, pursuant to which
the Company transferred to Mr. Smith 200,000 shares of common stock of Tarus International,
Inc. (Tarus) (which represented all of the issued and outstanding shares of capital stock
of Tarus) in exchange for the release of all claims of Mr. Smith against the Company and the
discharge by Mr. Smith of all obligations owed to Mr. Smith by the Company, including,
without limitation, an obligation of $45,028.3.
    
    Income TaxesThe Company accounts for income taxes in accordance with Statement of Financial Accounting
Standard No. 109, Accounting for Income Taxes. The Company incurred net operating losses
during the periods presented in the unaudited condensed consolidated financial statements
resulting in a deferred tax asset, which was fully allowed for. Therefore, the net tax
benefit and expense is $0.4.
    
    Changes in EquityAs reported in the Companys Form 8-K dated May 20, 2005, effective on June 3, 2005, the
Company effectuated a 3-for-1 reverse stock split of all the outstanding shares of the
Companys Common Stock, resulting in the number of outstanding shares of Company Common
Stock being reduced from 13,200,000 to 4,400,000.5.
    
    Fees ReceivedDuring the period ended June 30, 2005, the Company received
$50,000 in fees from iCurie Lab Holdings, Ltd. (iCurie UK) in
relation to due diligence conducted by iCurie UK in contemplation of
a possible transaction between the companies.
 6.
    
    Subsequent EventsOn July 8, 2005 and July 11, 2005, the Company entered into a series of transactions with
the shareholders of iCurie UK and certain other parties,
pursuant to which (i) iCurie UK became a wholly-owned subsidiary of the Company, (ii) the
Company changed its name from Cedar Mountain Distributors, Inc. to iCurie, Inc., (iii) the
management of iCurie UK assumed similar management positions in the Company and (iv) the
Company issued preferred stock and warrants in exchange for approximately $12.48 million in
cash and the transfer to the Company of $4.6 million of notes. These transactions are
described in greater detail in the Companys Form 8-K dated July 8, 2005.
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Item 2. Managements Discussion and Analysis or Plan of Operation
  Subsequent Event
  Plan of Operation
   7




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Off Balance Sheet Arrangements
  Critical Accounting Policies
  Recent Accounting Pronouncements
  8




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Forward-Looking Statements
   
 Item 3. Controls and Procedures
  
 PART II
OTHER INFORMATION
 
 Item 6. Exhibits
 (a) Exhibits
  Exhibit No.
    
    Description3(i).1
    
    Amended and Restated Articles of Incorporation3(ii).2
    
    Amended and Restated Bylaws31.1
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
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32.1
    
    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 200232.2
    
    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
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SIGNATURES
  Date: August 15, 2005
    iCURIE, INC.
(Registrant)By:
    /s/ Michael KarphedenMichael KarphedenChief Financial Officer 11