UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 0-9255
DENCOR ENERGY COST CONTROLS, INC.
(Exact name of small business issuer as specified in its charter)
Colorado 84-0658020
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1450 West Evans, Denver, Colorado 80223
(Address of principal executive office) (Zip Code)
(303) 922-1888
(Registrant's telephone number, including area code)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date. No par value per share:
3,671,304 shares issued, at May 1, 1997.
Transitional Small Business Disclosure Format
Yes No X
DENCOR ENERGY COST CONTROLS, INC.
PART 1 - FINANCIAL INFORMATION
Item 1. Financial Statements
(Condensed Balance Sheets)
ASSETS March 31 Dec. 31
1997 1996
(unaudited)
CURRENT ASSETS:
Cash $ 7,500 $ 1,600
Accounts Receivable, net of allowance for
doubtful accounts of $8,500 55,400 58,500
Inventories 132,200 143,600
Prepaids and Other 17,300 8,300
TOTAL CURRENT ASSETS 212,400 212,000
Furniture & Equipment 213,300 213,300
Less Accumulated Depreciation (212,300) (211,300)
1,000 2,000
Other Receivables, net of allowance for
doubtful receivables of $2,300 3,300 3,400
$216,700 $217,400
LIABILITIES & SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Notes Payable - Shareholders $ 93,400 $ 93,400
Accounts Payable 42,400 33,300
Accrued Compensation and Benefits 25,300 30,600
Accrued Interest - Shareholders 56,500 53,600
Deposits 4,200 9,900
Warranty Reserve 6,300 6,300
Other 1,400 1,600
TOTAL CURRENT LIABILITIES 229,500 228,700
STOCKHOLDERS' EQUITY
