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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
COMMISSION FILE NUMBER: 0-27470
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CYBERCASH, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<CAPTION>
<S> <C>
DELAWARE 54-1725021
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
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2100 RESTON PARKWAY, RESTON, VA 20191
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (703) 620-4200
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 X NO ____
Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the latest practicable date.
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<CAPTION>
<S> <C>
COMMON STOCK, $0.001 PAR VALUE 24,797,100
(CLASS) (OUTSTANDING AT MARCH 31, 2000)
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Explanatory Note
This amendment to the Company's Quarterly Report on Form 10-Q for the period
ended March 31, 2000, filed May 15, 2000, is being filed to make certain
clerical revisions to the 10-Q. The revisions correct the change in other
accrued expenses and the sum in net cash used in investing activities, each for
the period ended March 31, 2000, as reported in the Consolidated Statement of
Cash Flows filed with the 10-Q. Unless superseded herein, the Form 10-Q as
filed on May 15, 2000 is unchanged. The attached page is the only one that is
different from those originally filed.
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CYBERCASH, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
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<CAPTION>
THREE MONTHS ENDED
MARCH 31,
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2000 1999
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OPERATING ACTIVITIES
Net loss......................................................................... $ (8,588,892) $ (7,893,799)
Adjustments to reconcile net loss to net cash used in operating
activities:
Depreciation................................................................... 1,043,401 935,107
Amortization of intangibles.................................................... 2,366,325 1,936,521
Expense recognized in association with issuance of stock, stock options
and warrants................................................................... 446,526 597,950
Accrued interest on receivable from sale of common stock....................... (2,546) (3,755)
Loss on disposal of property and equipment..................................... -- 3,822
Changes in operating assets and liabilities:
Restricted cash ............................................................ -- (7,203)
Accounts receivable......................................................... (341,604) 904,513
Prepaid expenses and other current assets................................... 161,822 (223,343)
Other long-term assets...................................................... 8,221 83,547
Accounts payable............................................................ (80,049) (1,262,322)
Accrued employee benefits................................................... 200,006 (663,288)
Other accrued expenses...................................................... (989,867) (420,473)
Deferred revenue............................................................ (179,017) 35,748
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Net cash used in operating activities............................................ (5,955,674) (5,976,975)
INVESTING ACTIVITIES
Purchases of property and equipment.............................................. (485,862) (982,853)
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Net cash used in investing activities............................................ (485,862) (982,853)
FINANCING ACTIVITIES
Proceeds from issuance of common stock........................................... -- 14,778,824
Proceeds from receivable from sale of common stock............................... 267,653 14,170
Proceeds from the exercise of stock options...................................... 1,057,317 242,944
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Net cash provided by financing activities........................................ 1,324,970 15,035,938
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Effect of exchange rates changes on cash and cash equivalents.................... (21,650) (8,117)
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Net increase (decrease) in cash and cash equivalents............................. (5,138,216) 8,067,993
Cash and cash equivalents at beginning of period................................. 18,176,010 10,902,532
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Cash and cash equivalents at end of period....................................... $ 13,037,794 $ 18,970,525
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See accompanying notes.
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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 thereunto duly authorized.
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<CAPTION>
<S> <C>
CyberCash, Inc.
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(Registrant)
Date: June 8, 2000 /s/ JAMES J. CONDON
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James J. Condon
President and Chief Executive Officer
Date: June 8, 2000 /s/ DENNIS N. CAVENDER
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Dennis N. Cavender
Executive Vice President and Chief Financial Officer
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