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<PAGE>
As filed with the Securities and Exchange Commission on August 31, 1999
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
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): July 28, 1999
HEALTHCORE MEDICAL SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22947 43-1771999
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
11904 Blue Ridge Blvd
Grandview, Missouri 64030
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (816) 736-4900
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
The Current Report on Form 8-K filed with the Securities and Exchange
Commission on August 12, 1999, reporting the sale of the healthcare discount
benefits business to Randolph & Associates, Inc. on July 28, 1999 is hereby
amended as follows.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(b) Pro Forma Financial Information. The pro forma financial information
required pursuant to Article 11 of Regulation S-X are set forth below:
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<PAGE>
HEALTHCORE MEDICAL SOLUTIONS, INC.
PRO FORMA BALANCE SHEET
30-Jun-99
Unaudited
<TABLE>
<CAPTION>
ASSETS As Reported Adjusted Pro forma
----------------------------------------------------------
Current Assets:
<S> <C> <C> <C>
Cash & cash equivalents $2,330,495 $2,330,495
Note receivable - Adatom $250,000 $250,000
Prepaid expenses and other current assets $176,376 $ (76,376) $100,000
----------------------------------------------------------
Total current assets $2,756,871 ($76,376) $2,680,495
----------------------------------------------------------
Property and equipment, net $146,760 $ (146,760) $0
Other assets $3,570 $ (570) $3,000
----------------------------------------------------------
$150,330 ($147,330) $3,000
----------------------------------------------------------
TOTAL $2,907,201 ($223,706) $2,683,495
LIABILITIES
==========================================================
Current Liabilities:
Accounts payable and accrued expenses $169,175 $ (169,175) $0
Deferred Income $41,672 $ (41,672) $0
Current portion-long term debt $36,260 $ (36,260) $0
Deferred business disposal costs $66,251 $ (66,251) $0
----------------------------------------------------------
Total Current Liabilities $313,358 ($313,358) $0
----------------------------------------------------------
Total Liabilities $313,358 ($313,358) $0
Commitments and other matters
----------------------------------------------------------
SHAREHOLDERS' EQUITY
Preferred stock, $.01 par value; authorized 5,000,000 shares
Common stock, $.01 par value:
Class A, authorized, 19,784,000 shares
Issued and outstanding 3,183,000 shares $30,180 $30,180
Class B, authorized, 216,000 shares; $0
Issued and outstanding 216,000 shares $2,160 $2,160
Additional paid in capital $11,207,963 $11,207,963
Accumulated deficit ($8,646,460) $89,652 ($8,556,808)
----------------------------------------------------------
Total Shareholders Equity $2,593,843 $89,652 $2,683,495
----------------------------------------------------------
TOTAL $2,907,201 ($223,706) $2,683,495
==========================================================
</TABLE>
The adjustments reflect the pro forma effect of the Company's disposition of its
business. The business was sold on July 28, 1999.
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<PAGE>
HEALTHCORE MEDICAL SOLUTIONS, INC.
PRO FORMA STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED JUNE 30, 1999
Unaudited
<TABLE>
<CAPTION>
Actual Adjusted Proforma
-------------------------------------------------------------------
<S> <C> <C> <C>
Revenues $ 146 $ (146)
Operating expenses 660 (660)
General and administrative expenses 1,079 $ (523) $ 556
---------------------- ---------------------- -----------------
Operating income (loss) (1,593) 1,037 (556)
---------------------- ---------------------- -----------------
Other Expense (597) 597 -
Interest income (expense), net 99 11 110
---------------------- ---------------------- -----------------
Other income (expense) (498) 608 110
---------------------- ---------------------- -----------------
Net loss $ (2,091) $ 1,645 $ (446)
====================== =================
Basic and diluted loss per share $ (0.89) $ (0.19)
====================== =================
Basic and diluted weighted
average shares outstanding 2,361,181 2,361,181
</TABLE>
The adjustments reflect the pro forma effect of the Company's disposition of its
business. The business was sold on July 28, 1999.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this Current Report on Form 8-K
to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 31, 1999
HEALTHCORE MEDICAL SOLUTIONS, INC.
By: /s/ Neal J. Polan
---------------------------------------------
Neal J. Polan
Chairman of the Board and Chief Executive
Officer
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