SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
AMENDMENT NO. 1 TO
QUARTERLY REPORT FILED UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended Commission File Number
November 30, 1996 0-21649
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WEBSECURE, INC.
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(Exact Name of Small Business
Issuer As Specified In Its Charter)
Delaware 04-3296069
- -------------------------------- ------------------------
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
1711 Broadway, Saugus, Massachusetts 01906
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(Address of Principal Executive Offices)
(617) 867-2300
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(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 No X
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As of January 17, 1997, the Company had outstanding 5,605,000 shares of
Common Stock, $.01 par value per share.
<PAGE>
WEBSECURE, INC.
INDEX
<TABLE>
<CAPTION>
PART I. FINANCIAL INFORMATION PAGE
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ITEM 1. FINANCIAL STATEMENTS
<S> <C>
Balance Sheets
as of November 30, 1996 (Unaudited) and August 31, 1996 (Audited)............................ 1
Statements of Operations
for the Three Month Periods ended November 30, 1996 and 1995 (Unaudited)
and Cumulative from Inception (July 19, 1995) to November 30, 1996 .......................... 2
Statement of Cash Flows
for the Three Month Periods ended November 30, 1996 and 1995 (Unaudited)
and Cumulative from Inception (July 19, 1995) to November 30, 1996 .......................... 3-4
Notes to Financial Statements (Unaudited)........................................................ 5
ITEM 2. PLAN OF OPERATIONS................................................................. 6-9
PART II. OTHER INFORMATION.................................................................. 10
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ITEM 1. LEGAL PROCEEDINGS.................................................................. 10
ITEM 2. CHANGES IN SECURITIES.............................................................. 10
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.................................................... 10
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS................................ 10
ITEM 5. OTHER INFORMATION ................................................................. 10
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K................................................... 10
SIGNATURES....................................................................................... 11
EXHIBIT 27 FINANCIAL DATA SCHEDULE
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</TABLE>
This Form 10-QSB/A contains only Exhibit 27, Financial Data Schedule, which
was inadvertently omitted from the Company's Form 10-QSB filing on January 21,
1997.
SIGNATURES
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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.
WEBSECURE, INC.
Date: February 26, 1997 By: /s/ Tibor Vais
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Tibor Vais
President
Date: February 26, 1997 /s/ Carole Ouellette
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Carole Ouellette
Chief Financial Officer
-11-
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-Mos
<FISCAL-YEAR-END> Aug-31-1996
<PERIOD-START> Sep-01-1996
<PERIOD-END> Nov-30-1996
<CASH> 7,974
<SECURITIES> 0
<RECEIVABLES> 855,678
<ALLOWANCES> 0
<INVENTORY> 9,106
<CURRENT-ASSETS> 933,591
<PP&E> 1,576,243
<DEPRECIATION> 296,518
<TOTAL-ASSETS> 2,935,718
<CURRENT-LIABILITIES> 2,088,519
<BONDS> 826,837
0
0
<COMMON> 21,050
<OTHER-SE> 6,250
<TOTAL-LIABILITY-AND-EQUITY> 2,935,718
<SALES> 28,198
<TOTAL-REVENUES> 887,041
<CGS> 27,490
<TOTAL-COSTS> 188,012
<OTHER-EXPENSES> 542,018
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 33,334
<INCOME-PRETAX> 123,677
<INCOME-TAX> 0
<INCOME-CONTINUING> 123,677
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 123,677
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
