U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB A1
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
AND EXCHANGE ACT OF 1934
For the Fiscal Year Ended June 30, 1997
Commission File Number 0-9407
REHABILICARE INC.
Minnesota 41-0985318
State of Incorporation IRS Employer Identification No.
1811 Old Highway Eight
New Brighton, Minnesota 55112-3493
(612) 631-0590
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.10 par value per share
Check whether 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 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 Regulations
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. [ ]
The Company's revenues for the Fiscal Year Ended June 30, 1997 totaled
$10,991,105.
The aggregate market value of voting stock held by non-affiliates of registrant
as of September 16, 1997 was approximately $16,667,000 (based upon the last sale
price of such stock on such date as reported by the NASDAQ National Market
System). The number of shares of the Company's $.10 par value common stock
outstanding as of September 16, 1997 was 4,870,002.
Transitional Small Business Disclosure Format (Check One):
Yes___ No_X_
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Report of Independent Accountants
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August 8, 1997
To the Board of Directors and
Shareholders of Rehabilicare, Inc.
In our opinion, the accompanying balance sheet and the related statements of
operations, of changes in stockholders' equity and of cash flows present
fairly, in all material respects, the financial position of Rehabilicare,
Inc. at June 30, 1997 and the results of its operations and its cash flows
for the year then ended in conformity with generally accepted accounting
principles. These financial statements are the responsibility of the
Company's management; our responsibility is to express an opinion on these
financial statements based on our audit. We conducted our audit of these
statements in accordance with generally accepted auditing standards which
require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, and evaluating
the overall financial statement presentation. We believe that our audit
provides a reasonable basis for the opinion expressed above.
PRICE WATERHOUSE LLP
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REPORT OF INDEPENDENT ACCOUNTANTS
---------------------------------
To Rehabilicare Inc.:
We have audited the accompanying balance sheet of Rehabilicare Inc. (a Minnesota
corporation) as of June 30, 1996, and the related statements of operations,
changes in stockholders' equity and cash flows for the year then ended. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Rehabilicare Inc. as of June
30, 1996, and the results of their operations and its cash flows for the year
then ended, in conformity with generally accepted accounting principles.
ARTHUR ANDERSEN LLP
Minneapolis, Minnesota,
August 9, 1996
<PAGE>
SIGNATURE
In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934, the registrant has duly caused this amendment to it Form 10-KSB for the
fiscal year ended June 30, 1997 to be signed on its behalf by the undersigned,
hereunto duly authorized.
REHABILICARE INC.
Dated: September 30, 1997 By: /s/W. Glen Winchell
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W. Glen Winchell
Vice President of Finance