UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended June 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from __________ to __________
Commission File No. 0-11359
LARCAN-TTC INC.
(Exact name of registrant as specified in its charter)
DELAWARE 52-0854061
State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
650 South Taylor Avenue, Louisville, Colorado 80027
State or other jurisdiction of (Zip Code)
incorporation or organization
Registrant's telephone number, including area code (303) 665-8000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
None. None.
Securities registered pursuant to section 12(g) of the Act:
Title of each class Name of each exchange on which registered
Common Stock, $0.04 par value NASDAQ - Over the Counter
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 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 _____
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (229.405 of this chapter) is not contained herein,
and will not 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-K or any amendment to this Form 10-K. [ X ]
The aggregate market value of the voting stock held by non-affiliates of
the registrants as of June 30, 1996 was $661,500 (based on the average of
the closing bid and asked prices on June 30, 1996)
The number of shares outstanding of the registrant's Common Stock, par
value $0.04, as of June 30, 1996 was 11,543,934 shares.
This Amended Form 10-K consists of 2 pages
SIGNATURES
Pursuant to the requirements 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.
Date: September 30, 1996 LARCAN-TTC INC.
(Registrant)
By: s\ G.James Wilson
G. James Wilson
President and Chief Executive Officer
Pursuant to the requirements of the Securities and Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
Signature Date
s\ Paul A. Dickie 9/30/96
Paul A. Dickie
Chairman of the Board
s\ Byron W. St. Clair 9/30/96
Byron W. St. Clair
Chairman of the Board Emeritus
s/ James D. Adamson 9/30/96
James D. Adamson
Director
s/ Dirk B. Freeman 9/30/96
Dirk B. Freeman
Director
s/ Nancy McGee 9/30/96
Nancy McGee
Director
s/ G. James Wilson 9/30/96
G. James Wilson
Director
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<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<CASH> 98,000
<SECURITIES> 0
<RECEIVABLES> 1,359,155
<ALLOWANCES> (203,000)
<INVENTORY> 1,797,000
<CURRENT-ASSETS> 23,000
<PP&E> 1,923,000
<DEPRECIATION> (1,797,000)
<TOTAL-ASSETS> 3,339,000
<CURRENT-LIABILITIES> 2,965,000
<BONDS> 0
0
500,000
<COMMON> 462,000
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 3,339,000
<SALES> 7,474,000
<TOTAL-REVENUES> 7,474,000
<CGS> 7,293,000
<TOTAL-COSTS> 9,764,000
<OTHER-EXPENSES> 15,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 21,000
<INCOME-PRETAX> (2,326,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,326,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,326,000)
<EPS-PRIMARY> 0
<EPS-DILUTED> (.23)
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