UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMMENDMENT #1 TO FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OF 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarter ended: March 31, 1999 Commission file number: 33-23617
MATERIAL TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 95-4622822
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(State or other jurisdiction of (IRS Employer
incorporation or organization) identification No.)
11661 San Vicente Boulevard
Suite 707
Los Angeles, California 90049
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(address of principal executive offices)
(Zip Code) 90064
(310) 208-5589
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(Registrant's telephone number including area code)
Securities Registered pursuant to Section 12(g) of the Act:
Common
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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 by check mark if disclosure of delinquent filers pursuant to Item
405 or Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment of this
form 10-K. [ ]
The aggregate market value of the voting stock held by Non-affiliates of
the registrant at May 1, 1999 was $2,271,124.
Documents incorporated by reference-None.
1
<PAGE>
Pursuant to the requirements of Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Material Technologies, Inc.
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Registrant
/s/ Robert M. Bernstein
------------------------
Robert M. Bernstein, President and Chief
Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S UNAUDITED FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 1999
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> MAR-31-1999
<CASH> 71422
<SECURITIES> 8219
<RECEIVABLES> 162969
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 235891
<PP&E> 121957
<DEPRECIATION> (119970)
<TOTAL-ASSETS> 264158
<CURRENT-LIABILITIES> 389611
<BONDS> 0
<COMMON> 10237
0
0
<OTHER-SE> (426930)
<TOTAL-LIABILITY-AND-EQUITY> 264158
<SALES> 0
<TOTAL-REVENUES> 198860
<CGS> 0
<TOTAL-COSTS> 200450
<OTHER-EXPENSES> 4396
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 13347
<INCOME-PRETAX> 2872
<INCOME-TAX> (800)
<INCOME-CONTINUING> 2072
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2072
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
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