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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
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Date of Report
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(Date earliest event reported): May 15, 2000
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DUNN COMPUTER CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
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COMMONWEALTH OF VIRGINIA 5060 54-1890464
(State or Other Jurisdiction of Incorporation (Primary Standard Industrial (I.R.S. Employer Identification Number)
or Organization) Classification Code Number)
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1306 SQUIRE COURT, STERLING VIRGINIA 20166 TEL. (703) 450-0400
(Address, Including Zip Code, and Telephone Number, Including Area Code, of
Registrant's Principal Executive Offices)
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THOMAS P. DUNNE
PRESIDENT AND CHIEF EXECUTIVE OFFICER
DUNN COMPUTER CORPORATION
1306 SQUIRE COURT
STERLING, VIRGINIA 20166
(703) 450-0400
(Name, Address Including Zip Code, and Telephone
Number, Including Area Code, of Agent For Service)
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Item 5. Other Events
(a) Registrant is filing an unaudited consolidated balance sheet as of
March 31, 2000 to reflect the issuance of 3,000 shares of Series A
Convertible Preferred Stock.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) None
(b) None
(c) See Exhibit Index
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-k to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: May 15, 2000
DUNN COMPUTER CORPORATION
By: /s/ Thomas P. Dunne
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Thomas P. Dunne, President and
Chief Executive Officer
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EXHIBIT INDEX
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EXHIBIT NUMBER EXHIBIT DESCRIPTION
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99.1 Unaudited consolidated Balance Sheet as of March 31, 2000
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EXHIBIT 99.1
DUNN COMPUTER CORPORATION
CONSOLIDATED BALANCE SHEET (UNAUDITED)
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MARCH 31,
2000
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(unaudited)
ASSETS
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Current assets.........................................................
Cash and cash equivalents........................................... $ 1,010,898
Accounts receivable, net............................................ 4,828,072
Inventory, net...................................................... 7,274,454
Deferred Tax Asset.................................................. 1,330,262
Income Tax Receivable............................................... 585,769
Prepaid Expenses and other current assets........................... 243,746
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Total current assets................................................... 15,273,201
Property and equipment, net......................................... 1,068,230
Equipment on Lease, net............................................. 3,221,137
Goodwill and other intangible assets, net........................... 3,413,228
Investments......................................................... 150,000
Other assets........................................................ 81,731
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Total assets........................................................... $ 23,207,527
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities....................................................
Accounts payable................................................... $ 4,265,349
Accrued expenses................................................... 5,701,205
Accrued litigation Costs........................................... -
Notes payable, current............................................. 435,450
Unearned revenue................................................... 2,306,464
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Total Current Liabilities.............................................. 12,708,468
Notes payable, long-term portion.................................... 337,337
Line of Credit - long-term.......................................... 1,792,121
Stockholders' equity
Preferred Stock $.001 par value; 2,000,000 share
authorized, no shares issued and
outstanding................................................. 3
Common Stock, $.001 par value: 20,000,000 shares
authorized, 9,424,680 shares issued and
outstanding;................................................ 9,650
Additional paid in capital......................................... 43,194,922
Treasury Stock, 400,000 shares;.................................... (3,432,500)
Retained Earnings.................................................. (31,402,474)
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Total Stockholders' equity............................................. 8,369,601
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Total liabilities and stockholders' equity............................. $ 23,207,527
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