UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/a
Commission number 0-2749
DISTINCTIVE DEVICES, INC.
(Name of small business issuer in its charter)
New York
(State of incorporation or organization)
13-1999951
(I.R.S. Identification No.)
Suite 134, 1324 Motor Parkway, Hauppauge, New York 11788
(Address of principal executive offices)
Issuer's telephone number: (516)751-1375
PURPOSE OF AMENDMENT
This amendment to the Annual Reort on Form 10-KSB for the fiscal year ended
February 29, 1999 amends and modifies:
Item 7. Financial Statments: Statements of Income
Item 7. Financial Statements: Statements of Cash Flows
DISTINCTIVE DEVICES, INC.
STATEMENTS OF INCOME
Year ended February 28
1999 1998
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Revenues:
Covenant not to compete $27,000 $18,749
Interest income 22,440 24,007
Realized gain on sale of
securities 500
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49,940 42,756
Administrative expenses (78,244) (85,718)
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Net (loss) (28,304) (42,962)
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Net (loss) per common
share(basic and diluted) $ (0.007) $ (0.010)
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Weighted average number of common
shares outstanding 4,119,902 4,119,902
The accompanying notes are part of the financial statements.
DISTINCTIVE DEVICES, INC.
STATEMENTS OF CASH FLOWS
Year ended February 28
1999 1998
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CASH FLOWS FROM ADMINISTRATIVE ACTIVITIES
Net (loss) $(28,304) $(42,962)
Adjustments to reconcile net (loss)
to net cash provided by (used in)
administrative activities:
Depreciation and amortization 360 360
Change in the allowance for an
unrealized (gain) loss in
securities available for sale (210)
Realized gain on sale of securities
held as available for sale (500)
Increase in operating liabilities:
Accounts payable and accrued expenses 171 (783)
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Cash (used in) in administrative
activities (28,483) (43,385)
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CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of US Treasury Note 100,000
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CASH FLOWS FROM FINANCING ACTIVITIES
Decrease in non-trade receivable 7,574 19,802
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CASH AND CASH EQUIVALENTS
Increase(decrease) for the period 79,091 (23,583)
At beginning of year 339,539 363,122
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At end of year $418,630 $339,539
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SUPPLEMENTARY CASH FLOW INFORMATION
Interest paid $ -- $ --
Franchise taxes paid $ 943 $ 885
The accompanying notes are part of the financial statements.
