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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-KSB/A-1
(Mark One)
/ / Annual Report under Section 13 or 15 (d) of the Securities Exchange
Act of 1934 (Fee required)
For the fiscal year ended August 31, 1996
/ / Transition report under Section 13 or 15 (d) of the Securities
Exchange Act of 1934 (No fee required)
For the transition period from _______________ to __________________
Commission file number 0-13049
WATER-JEL TECHNOLOGIES, INC.
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(Name of Small Business Issuer in its Charter)
New York 13-3006788
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(State of Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
234 Veterans Boulevard, Carlstadt, New Jersey 07072
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(Address of Principal Executive Offices) (Zip Code)
(201) 507-8300
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(Issuer's Telephone Number, Including Area Code)
Securities registered under Section 12 (g) of the Exchange Act:
Common Stock
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(Title of Class)
Class A Warrants
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(Title of Class)
Class B Warrants
- --------------------------------------------------------------------------------
(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 past 90 days.
Yes X No
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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. / /
State issuer's revenues for its most recent fiscal year. $54,863,574
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. $6,740,400 as of December 11, 1996.
Documents Incorporated by Reference: See Footnotes to Exhibits
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PART IV
Item 13. Exhibits, List and Reports on Form 8-K
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(a) The Company's annual report on Form 10-KSB which was filed on December
13, 1996 is hereby amended to included Exhibit 27, the Financial Data
Schedule, appearing following the signature page of this amendment.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
WATER-JEL TECHNOLOGIES, INC.
By /s/ Werner G. Haase
------------------------------------
Werner G. Haase
Chairman and Chief Executive Officer
Dated: December 16, 1996
Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed below on December 16, 1995 by the following persons
on behalf of Registrant and in the capacities indicated.
/s/ Werner G. Haase
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Werner G. Haase
Chief Executive Officer, Principal
Accounting Officer and Chairman
/s/ Norm Doctoroff
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Norm Doctoroff
Chairman and Chief Executive Officer
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from the
financial statements and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> AUG-31-1996
<CASH> 7,333,168
<SECURITIES> 1,055,673
<RECEIVABLES> 3,800,124
<ALLOWANCES> 154,000
<INVENTORY> 1,102,741
<CURRENT-ASSETS> 13,762,323
<PP&E> 3,629,894
<DEPRECIATION> 2,053,388
<TOTAL-ASSETS> 17,383,178
<CURRENT-LIABILITIES> 5,798,176
<BONDS> 90,700
0
0
<COMMON> 561,614
<OTHER-SE> 10,138,688
<TOTAL-LIABILITY-AND-EQUITY> 17,383,178
<SALES> 54,863,574
<TOTAL-REVENUES> 54,863,574
<CGS> 34,932,523
<TOTAL-COSTS> 34,932,523
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 126,478
<INCOME-PRETAX> 1,672,315
<INCOME-TAX> 922,000
<INCOME-CONTINUING> 632,315
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 632,315
<EPS-PRIMARY> .09
<EPS-DILUTED> .09
</TABLE>
