Submitted pursuant to Rule 901(d) of Regulation S-T.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: March 31, 1996
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____________ to ____________
Commission file number: 000-27582
CELLULARVISION USA, INC.
------------------------
(Exact name of registrant as specified in its charter)
Delaware 13-3853788
- ----------------------------------------- -------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
505 Park Avenue
New York, New York 10022
- ----------------------------------------- -------------------------------------
(Address of principal executive offices) (Zip Code)
(212) 751-0900
--------------
(Registrant's telephone number, including area code)
Not Applicable
--------------
(Former name, former address and former fiscal year, if changed
since last report)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 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. Yes No. X
--- ---
The number of outstanding shares the registrant's common stock, per value U.S.
$.01 per share, as of March 31, 1996 was 16,000,000.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CELLULARVISION USA, INC.
Date: July 9, 1996 By: /s/ Shant S. Hovnanian
-----------------------
Shant S. Hovnanian
President and
Chief Executive Officer
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- --------------
27 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Appendix A to Item 601(c) of Regulation S-K
Commercial and Industrial Companies
Article 5 of Regulation S-X
</LEGEND>
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996
<PERIOD-END> DEC-31-1995 MAR-31-1996
<CASH> 3,536,354 35,221,020
<SECURITIES> 0 0
<RECEIVABLES> 543,871 496,811
<ALLOWANCES> 133,730 119,344
<INVENTORY> 0 0
<CURRENT-ASSETS> 5,795,270 36,482,302
<PP&E> 7,303,234 8,196,836
<DEPRECIATION> 981,466 1,449,132
<TOTAL-ASSETS> 12,995,487 43,683,527
<CURRENT-LIABILITIES> 7,442,707 1,620,760
<BONDS> 18,871,341 6,254,709
0 0
0 0
<COMMON> 123,951 160,000
<OTHER-SE> (13,442,512) 35,648,058
<TOTAL-LIABILITY-AND-EQUITY> 12,995,487 43,683,527
<SALES> 0 0
<TOTAL-REVENUES> 17,674 493,682
<CGS> 0 0
<TOTAL-COSTS> 11,258 286,148
<OTHER-EXPENSES> 1,819,036 2,662,683
<LOSS-PROVISION> 526 111,208
<INTEREST-EXPENSE> 559,942 463,709
<INCOME-PRETAX> (1,812,620) (2,455,149)
<INCOME-TAX> 0 0
<INCOME-CONTINUING> (2,216,092) (2,775,509)
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (2,216,092) (2,775,509)
<EPS-PRIMARY> (.18) (.20)
<EPS-DILUTED> 0 0
</TABLE>
