U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-KSB
AMENDEMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended FEBRUARY 29, 1996
[ ] 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 Number 0-14873
NEVADA ENERGY COMPANY, INC.
------------------------------------------------
(Name of small business issuer in its charter)
DELAWARE 84-0897771
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
510 Castillo street, Santa Barbara, CA 93101
- --------------------------------------------------------------------------------
(Address of principal executive offices)
(Zip Code)
(805) 884-8350
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
401 East Fourth Street, Reno, Nevada 89512
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)
Securities registered under Section 12(b) of the Act: NONE
Title of each class Name of each exchange on which registered
Class A Common NASDAQ
---------------------- ---------
Class B Common No Market
---------------------- ---------
Series A Preferred No Market
---------------------- ---------
Series B Preferred No Market
---------------------- ---------
Securities registered under Section 12(g) of the Act:
CLASS A COMMON STOCK, $.001 PAR VALUE
-------------------------------------2
(Title of class)
-------------------------------------
(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 there is no 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. [ ]
Issuer's consolidated revenues for its most recent fiscal year. $1,697,258
(Continued on Page 2 of cover page)
<PAGE>
(Page 2 of cover page)
(ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDING DURING THE PAST FIVE YEARS)
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. YES X NO
--- ---
The aggregate market value of the voting stock held by NON-AFFILIATES
computed by reference to the average bid and asked prices of such stock as of
June 7, 1996. Series A Preferred stock, $.001 par value, $0 (No market), Series
B Preferred stock, $.001 par value, $0 (No market), Class B common Stock $.001
par value, $0 (No market), Class A Common Stock $.001 par value, $12,823,296.
As of June 1, 1996, there were 8,960,866 shares of Nevada Energy Company,
Inc. Class A Common Stock $.001 par value outstanding and 4,437,473 shares of
Class B Common Stock $.001 par value outstanding. Also, as of June 1, 1996 there
were 1,980,795 shares of Series A Preferred Stock outstanding, par value $.001
and 5 shares of Series B Preferred outstanding, par value $001.
DOCUMENTS INCORPORATED BY REFERENCE
None
Transitional Small Business Disclosure Format (check one):
Yes No X
--- ---
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NEVADA ENERGY COMPANY, INC.
Date: November 4, 1996 /s/ Stefan Tevis
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Stefan Tevis, President
Date: November 4, 1996 /s/ Kenton H. Bowers
--------------- ---------------------------
Kenton H. Bowers
Controller
44
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF NEVADA ENERGY COMPANY, INC. FOR THE TWELVE MONTHS ENDED
FEBRUARY 29, 1996 , AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-29-1996
<PERIOD-START> MAR-01-1995
<PERIOD-END> FEB-29-1996
<CASH> 132
<SECURITIES> 0
<RECEIVABLES> 137
<ALLOWANCES> 0
<INVENTORY> 35
<CURRENT-ASSETS> 424
<PP&E> 6,866
<DEPRECIATION> 336
<TOTAL-ASSETS> 7,032
<CURRENT-LIABILITIES> 436
<BONDS> 0
0
0
<COMMON> 13
<OTHER-SE> 5,868
<TOTAL-LIABILITY-AND-EQUITY> 7,032
<SALES> 1,626
<TOTAL-REVENUES> 1,626
<CGS> 696
<TOTAL-COSTS> 2,898
<OTHER-EXPENSES> (664)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 20
<INCOME-PRETAX> (628)
<INCOME-TAX> 1
<INCOME-CONTINUING> (629)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (629)
<EPS-PRIMARY> (.07)
<EPS-DILUTED> (.07)
</TABLE>
