SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-KSB/A
AMENDMENT NO. 1
(Mark One)
(x) ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 1995
( ) TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 0-1665
EXTECH CORPORATION
(Name of small business issuer in its charter)
Delaware 36-2476480
(State or other jurisdiction of (I.R.S Employer
incorporation or organization) Identification No.)
90 Merrick Avenue, East Meadow, New York 11554
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (516) 794-6300
Securities registered under Section 12(b) of the Exchange Act:
Title of each class Name of each exchange on which registered
none
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.01 par value
(Title of class)
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 .
Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not 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)
State issuer's revenues for its most recent fiscal year: $1,024,057
State the aggregate market value of the voting stock held by
non-affiliates computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date within
the past 60 days: $729,030 as of March 27, 1996
(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)
Check whether the issuer has filed all documents and reports 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. Yes No .
(APPLICABLE ONLY TO CORPORATE REGISTRANTS)
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: 2,391,367 shares
outstanding as of March 22, 1996
DOCUMENTS INCORPORATED BY REFERENCE
None
<PAGE>
ITEM 13. EXHIBITS, LIST AND REPORTS ON FORM 8-K
(a) Exhibits
- --- --------
Exhibit
Number Description of Exhibit
- ------- -----------------------
3(a) Certificate of Incorporation, as amended(1)
(b) By-laws, as amended(2)
10(a) Letter of intent, dated February 26, 1996, between Phone America,
Transcends and the Company.*
10(b) Agreement, dated July 22, 1988, between the Ports Authority and IAH(1)
10(c) Resolution of Board of Directors of Ports Authority, dated August 10,
1994, regarding rental obligation of the Hotel(3)
10(d) Amended and Restated 1990 Stock Option Plan(1)
10(e) License and Royalty Agreement, dated July 1991, among the Company, IFTI
Capital Appreciation Management Corporation, and NPS Products, Inc.(4)
21 Subsidiaries of the Registrant(4)
27 Financial Data Schedule
- --------------
* Denotes document previously filed as an exhibit to the Company's Annual
Report on Form 10-KSB for the year ended December 31, 1995.
(1) Denotes document filed as an exhibit to the Company's Annual Report on
Form 10-KSB for the year ended December 31, 1993 and incorporated herein
by reference.
(2) Denotes document filed as an exhibit to the Company's Annual Report on
Form 10-KSB for the year ended December 31, 1989 and incorporated herein
by reference.
(3) Denotes document filed as an exhibit to the Company's Annual Report on
Form 10-KSB for the year ended December 31, 1994 and incorporated herein
by reference.
(4) Denotes document filed as an exhibit to the Company's Annual Report on
Form 10-K for the year ended December 31, 1991 and incorporated herein
by reference.
(b) Reports on Form 8-K
- --- -------------------
No report on Form 8-K was filed by the Company during the last quarter
of the fiscal year ended December 31, 1995.
<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.
EXTECH CORPORATION
May 6, 1997 By: /s/ Morton L. Certilman
-----------------------
Morton L. Certilman,
President
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<EXCHANGE-RATE> 1
<CASH> 644,956
<SECURITIES> 0
<RECEIVABLES> 161,201
<ALLOWANCES> 69,600
<INVENTORY> 7,190
<CURRENT-ASSETS> 750,634
<PP&E> 491,983
<DEPRECIATION> 290,293
<TOTAL-ASSETS> 965,127
<CURRENT-LIABILITIES> 297,257
<BONDS> 0
0
0
<COMMON> 23,914
<OTHER-SE> 643,396
<TOTAL-LIABILITY-AND-EQUITY> 965,127
<SALES> 0
<TOTAL-REVENUES> 1,024,057
<CGS> 0
<TOTAL-COSTS> 798,822
<OTHER-EXPENSES> 111,234
<LOSS-PROVISION> 5,195
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 56,905
<INCOME-TAX> 5,676
<INCOME-CONTINUING> 51,229
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 51,229
<EPS-PRIMARY> .02
<EPS-DILUTED> 0
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