SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10 - KSB/A No. 1
[ X ] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For Fiscal Year Ended June 30, 1996
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
Commission File Number
0 - 9403
NBI, INC.
State of Incorporation IRS Employer I.D. Number
Delaware 84 - 0645110
1880 Industrial Circle, Suite F
Longmont, Colorado 80501
(303) 684-2700
Securities registered pursuant Name of each exchange
to section 12(b) of the Act: None on which registered: N/A
Securities registered pursuant to Section 12(g) of the Act: Common Stock
($.01 par value)
Check whether the issuer (1) has 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.
[ X ] YES [ ] NO
Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B contained in this form, and no disclosure will 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-KSB or any
amendment to this Form 10-KSB. [ X ]
Revenues for the year ended June 30, 1996, are $11,767,000.
The aggregate market value of voting stock held by non-affiliates of the
registrant is approximately $4,692,000 as of market close on September 10,
1996.
Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. [ X ] YES [ ] NO
Common stock ($.01 Par Value) 7,997,234 shares outstanding as of September 13,
1996.
Documents incorporated by reference: Part III - The Registrant's definitive
Proxy Statement for its 1996 Annual Meeting of Shareholders to be filed not
later than 120 days after the end of the fiscal year.
<PAGE>
Explanatory Note
Amendment Number One to the Annual Report on Form 10-KSB for the year ended
June 30, 1996, of NBI, Inc. is solely to refile exhibits 27a and 27b in the
proper Edgar format.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
NBI, Inc.
November 4, 1996 By: /s/ Jay H. Lustig
Chairman of the Board
(Principal Executive Officer)
<TABLE> <S> <C>
<CAPTION>
<ARTICLE> 5
<MULTIPLIER> 1,000
<C> <S>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Jun-30-1996
<PERIOD-START> Jul-01-1995
<PERIOD-END> Jun-30-1996
<CASH> 782
<SECURITIES> 0
<RECEIVABLES> 1,383
<ALLOWANCES> 83
<INVENTORY> 2,317
<CURRENT-ASSETS> 5,308
<PP&E> 5,554
<DEPRECIATION> 996
<TOTAL-ASSETS> 10,195
<CURRENT-LIABILITIES> 3,844
<BONDS> 6,051
<COMMON> 100
0
0
<OTHER-SE> 200
<TOTAL-LIABILITY-AND-EQUITY> 10,195
<SALES> 9,972
<TOTAL-REVENUES> 11,767
<CGS> 7,172
<TOTAL-COSTS> 8,445
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 125
<INTEREST-EXPENSE> 655
<INCOME-PRETAX> 397
<INCOME-TAX> 172
<INCOME-CONTINUING> 225
<DISCONTINUED> (137)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 88
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
<FN>
This schedule contains summary financial information extracted from the
consolidated financial statements of NBI, Inc. for the year ended June 30,
1996 and is qualified in its entirety by reference to such financial
statements.
</TABLE>
<TABLE> <S> <C>
<CAPTION>
<ARTICLE> 5
<MULTIPLIER> 1,000
<C> <S>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Jun-30-1995
<PERIOD-START> Jul-01-1994
<PERIOD-END> Jun-30-1995
<CASH> 1,931
<SECURITIES> 4,324
<RECEIVABLES> 371
<ALLOWANCES> 0
<INVENTORY> 196
<CURRENT-ASSETS> 7,213
<PP&E> 55
<DEPRECIATION> 0
<TOTAL-ASSETS> 7,557
<CURRENT-LIABILITIES> 2,717
<BONDS> 5,694
<COMMON> 100
0
0
<OTHER-SE> (954)
<TOTAL-LIABILITY-AND-EQUITY> 7,557
<SALES> 115
<TOTAL-REVENUES> 115
<CGS> 95
<TOTAL-COSTS> 95
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 741
<INCOME-PRETAX> 785
<INCOME-TAX> 0
<INCOME-CONTINUING> 785
<DISCONTINUED> (997)
<EXTRAORDINARY> 0
<CHANGES> (271)
<NET-INCOME> (483)
<EPS-PRIMARY> (.07)
<EPS-DILUTED> (.07)
<FN>
This schedule contains summary financial information extracted from the
consolidated financial statements of NBI, Inc. for the year ended June 30,
1995 and is qualified in its entirety by reference to such financial
statements.
</TABLE>
