SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 31, 1998
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Augment Systems, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-22341 04-3089539
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Commission File Number (I.R.S. Employer I.D. No.)
2 Robbins Road, Westford, Massachusetts 01886
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(Address of Principal Executive Offices, Including Zip Code)
(978) 392-8626
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events
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Pursuant to a request from The Nasdaq Stock Market, Inc.,
the Registrant is filing herewith its unaudited Balance
Sheet as of January 31, 1998.
Item 7. Financial Statements and Exhibits
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Annexed hereto is the unaudited Balance Sheet of Augment
Systems, Inc. as of January 31, 1998.
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 hereunto duly authorized.
AUGMENT SYSTEMS, INC.
Date: April 16, 1998 By: /s/ Duane A. Mayo
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Duane A. Mayo
Chief Financial Officer
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<PAGE>
Current Report on Form 8-K
AUGMENT SYSTEMS, INC.
EXHIBIT INDEX
Exhibit Sequential
Number Description of Exhibit Page Number
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EX-99 Unaudited balance sheet for the month 4
ended January 31, 1998
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<PAGE>
EXHIBIT 99
Augment Systems, Inc.
Balance Sheet
January 31 December 31
1998 1997
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(Unaudited)
ASSETS
<TABLE>
<S> <C> <C>
Current Assets:
Cash $ 3,341,070 $ 47,224
Accounts receivable 480,007 224,969
Inventories 1,261,343 1,162,920
Prepaid expenses 115,100 115,100
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Total current assets 5,197,520 1,550,213
Property and equipment, net 397,270 409,848
Other assets 278,745 278,745
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Total assets $ 5,873,535 $ 2,238,806
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</TABLE>
LIABILITIES AND STOCKHOLDER'S DEFICIT
<TABLE>
<S> <C> <C>
Current Liabilities:
Accounts payable $ 238,585 $ 1,371,632
Accrued expenses 383,215 611,633
Short-term bank debt 717,569 717,569
Short-term promissory notes 200,000 474,074
Current portion of
obligations under
capital leases - 46,177
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Total current
liabilities 1,539,369 3,221,085
Convertible promissory notes 41,495 41,495
Capital lease obligations 81,951 81,951
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Total liabilities 1,662,815 3,344,531
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Stockholders equity/(deficit)
Preferred stock, $.01
par value, 2,000,000
shares authorized;
none issued - -
Common Stock, $.01 par
value, 30,000,000
shares authorized;
11,272,229 and 4,713,319
issued and outstanding
at September 30 and
December 31, 1997 112,722 47,133
Additional-paid-in capital 20,886,588 15,286,410
Accumulated Deficit (16,788,590) (16,439,268)
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Total stockholders
equity/(deficit) 4,210,720 (1,105,725)
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Total liabilities
and stockholders'
equity/deficit $ 5,873,535 $ 2,238,806
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</TABLE>
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