UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K-A
(Amendment No. 4)
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED: July 23, 1999
Commission File No. 0-25357
TRAVELNOW.COM INC.
(Name of Small Business Issuer in Its Charter)
Florida 59-3391244
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
318 Park Central East, Suite 306, Springfield, MO 65806
(Address of Principal Executive Offices) (Zip Code)
(417) 864-3600
(Issuer's Telephone Number, Including Area Code)
SENTRY ACCOUNTING, INC.
321 N. Kentucky Avenue, Suite 1, Lakeland, FL 33801, December 31
(Former name, former address and former fiscal year, if changed
since last year.)
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Items 1 through 6.
On July 23, 1999, the shareholders of Sentry Accounting, Inc., a Florida
corporation, and TravelNow.com Inc., a Missouri Corporation, agreed to merge.
The merger was effective on the date of filing the Articles of Merger with the
Florida Secretary of State which occurred on July 27, 1999. With regards to the
foregoing transaction, the Company has reported on SEC Forms 8-K, 8-K-A1 and
8-K-A2 and 10-QSB as required by law. However, although not required by SEC
rules, the Company believes that a report under SEC Form 10-KSB will provide
beneficial information. The Company's filing on Securities Exchange Commission
(SEC) Form 10-KSB dated October 12, 1999 is incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information - Unaudited
The following unaudited condensed pro forma financial information reflects
the merger of TravelNow.com Inc. and Sentry Accounting, Inc. The TravelNow
financial data has been derived from the Company's financial statements dated
October 1, 1999 which are contained in the Form 10-KSB filing referenced above.
The Sentry financial data has been derived from: (1) Sentry's Form 10-SB/A filed
on May 4, 1999, (2) Sentry's Form 10-QSB filed on July 21, 1999, and (3) the
TravelNow Form 10-QSB filed on August 16, 1999.
The condensed pro forma statements below should be read in conjunction with
the source documents from which the data has been derived and in conjunction
with the Company's Form 10-KSB filed on October 12, 1999. These pro forma
statements are not necessarily indicative of what the Company's financial
results would have been had the operations of TravelNow and Sentry been combined
for the periods presented.
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<CAPTION>
TRAVELNOW.COM INC.
PRO FORMA CONDENSED BALANCE SHEET
JUNE 30, 1999
(Unaudited)
Sentry Pro Pro Forma
TravelNow Accounting, Inc. Forma TravelNow
(Missouri) (Florida) Adjustments (Florida)
---------- --------- ----------- ---------
<S> <C> <C> <C> <C>
Cash and Cash Equivalents $ 51,314 $ 0 $ 0 $ 51,314
Accounts Receivable 173,494 0 0 173,494
-------- -------- -------- --------
Current Assets 224,808 0 0 224,808
Property and Equipment - Net 54,281 0 0 54,281
Deferred Taxes 0 2,834 (2,834) 0
-------- -------- -------- --------
Total Assets $279,089 $ 2,834 ($ 2,834) $279,089
======== ======== ======== ========
Accounts Payable $100,151 $ 0 $ 0 $100,151
Accrued Liabilities 51,152 0 0 51,152
Notes Payable - Current Portion 61,838 0 0 61,838
-------- -------- -------- --------
Current Liabilities 213,141 0 0 213,141
Notes Payable Less Current Portion 0 0 0 0
Stockholders' Equity/(Deficit) 65,948 2,834 (2,834) 65,948
-------- -------- -------- --------
Total Liabilities and Equity $279,089 $ 2,834 ($ 2,834) $279,089
======== ======== ======== ========
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<CAPTION>
TRAVELNOW.COM INC.
PRO FORMA CONDENSED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 1999
(Unaudited)
Sentry Pro Pro Forma
TravelNow Accounting, Inc. Forma TravelNow
(Missouri) (Florida) Adjustments (Florida)
---------- --------- ----------- ---------
<S> <C> <C> <C> <C>
Total Revenues $ 381,449 $ 0 $ 0 $ 381,449
Cost of Revenues 284,214 0 0 284,214
--------- --------- --------- ---------
Gross Profit 97,235 0 0 97,235
--------- --------- --------- ---------
Operating Expenses
Sales and Marketing 29,519 0 0 29,519
General and Administrative 164,867 333 0 165,200
Stock-Based Compensation 650,000 0 0 650,000
--------- --------- --------- ---------
Total Operating Expenses 844,386 333 0 844,719
--------- --------- --------- ---------
Income/(Loss) Before Taxes (747,151) (333) 0 (747,484)
Provision for Income Taxes 0 (127) 127 0
--------- --------- --------- ---------
Net Income/(Loss) ($747,151) ($ 206) ($ 127) ($747,484)
========= ========= ========= =========
Net Income/(Loss) Per Share
Basic ($ 0.29) ($ 0.29)
Diluted ($ 0.29) ($ 0.29)
3
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<CAPTION>
TRAVELNOW.COM INC.
PRO FORMA CONDENSED STATEMENTS OF OPERATIONS
YEAR ENDED MARCH 31, 1999
(Unaudited)
Sentry Pro Pro Forma
TravelNow Accounting, Inc. Forma TravelNow
(Missouri) (Florida) Adjustments (Florida)
---------- --------- ----------- ---------
<S> <C> <C> <C> <C>
Total Revenues $ 886,172 $ 17,050 $ 0 $ 903,222
Cost of Revenues 532,050 0 0 532,050
--------- --------- --------- ---------
Gross Profit 354,122 17,050 0 371,172
--------- --------- --------- ---------
Operating Expenses
Sales and Marketing 86,258 0 0 86,258
General and Administrative 240,380 101,845 0 342,225
Stock-Based Compensation 0 0 0 0
--------- --------- --------- ---------
Total Operating Expenses 326,638 101,845 0 428,483
--------- --------- --------- ---------
Income/(Loss) Before Taxes 27,484 (84,795) 0 (57,311)
Provision for Income Taxes 0 (3,977) 3,977 0
--------- --------- --------- ---------
Net Income/(Loss) $ 27,484 ($ 80,818) ($ 3,977) ($ 57,311)
========= ========= ========= =========
Net Income/(Loss) Per Share
Basic $ 0.01 ($ 0.03)
Diluted $ 0.01 ($ 0.03)
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Item 8.
The Registrant has elected to use the accounting year of the accounting acquirer
which is March 31 rather than the fiscal year of the legal acquirer which was
December 31.
Exhibit Index
Exhibit No. Document Name and Location
----------- --------------------------
5.0 Other Events
5.1 TravelNow.com Inc.'s Form 10-KSB covering the audited fiscal
periods ending March 31, 1998 and 1999 and the unaudited quarters
ending June 30, 1998 and 1999 filed on October 12, 1999 including
all Exhibits attached to that SEC Form 10-KSB is incorporated
herein by this reference and made a part of this SEC Form
8-K-A(3).
4
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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 hereunto duly authorized.
Date: October 13, 1999
TRAVELNOW.COM INC.
/s/ Jeffrey Alan Wasson
-----------------------
Jeffrey Alan Wasson
Co-Chief Executive Officer, Director
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