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FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the quarterly period ended March 31, 1995.
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from .................... to ....................
Commission File Number 0-13102
THE NOSTALGIA NETWORK, INC.
(Exact name of registrant as specified in its charter)
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Delaware 84-0923659
(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)
650 Massachusetts Avenue NW Washington, DC 20001
(Address of Principal executive office) (Zip Code)
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(202) 289-6633
(Registrant's telephone number, including area code)
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 [ ]
The number of shares of the Registrant's common Stock, $.04 par value as of the
close of the period covered by this Report was 20,274,371.
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TABLE OF CONTENTS
Page No.
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets as of
March 31, 1995 and December 31, 1994 3
Consolidated Statements of Operations
For the Three Months Ended March 31, 1995 and 1994 4
Consolidated Statements of Cash Flows
For the Three Months Ended March 31, 1995 and 1994 5
Notes to Consolidated Financial Statements 6
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations 7 - 10
PART II. OTHER INFORMATION
Item 4. Submission of Matters to a Vote of Securities Holders 10
Item 5. Other Information 10
Item 6. Exhibits 12 - 13
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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.
Dated August 22, 1995
THE NOSTALGIA NETWORK, INC.
By:
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John G. Heim, President and
Chief Executive Officer
By:________________________________
Martin A. Gallogly, Treasurer and
Chief Financial Officer
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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.
Dated August 22, 1995
THE NOSTALGIA NETWORK, INC.
By: /s/ John G. Heim
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John G. Heim, President and
Chief Executive Officer
By: /s/ Martin A. Gallogly
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Martin A. Gallogly, Treasurer and
Chief Financial Officer
INDEX TO EXHIBITS
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Exhibit No. Description Page No.
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27 Financial Data Schedule as required by Item 601 (c) of Regulation S-K
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1995, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 4,568,549
<SECURITIES> 0
<RECEIVABLES> 3,295,846
<ALLOWANCES> 1,423,000
<INVENTORY> 2,678,491
<CURRENT-ASSETS> 9,048,099
<PP&E> 2,627,214
<DEPRECIATION> (982,129)
<TOTAL-ASSETS> 11,227,432
<CURRENT-LIABILITIES> 4,197,911
<BONDS> 8,899,675
<COMMON> 810,975
0
6,500
<OTHER-SE> (843,477)
<TOTAL-LIABILITY-AND-EQUITY> 11,227,432
<SALES> 0
<TOTAL-REVENUES> 2,948,853
<CGS> 0
<TOTAL-COSTS> 4,848,144
<OTHER-EXPENSES> 80,345
<LOSS-PROVISION> 132,000
<INTEREST-EXPENSE> 80,345
<INCOME-PRETAX> (1,979,636)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,979,636)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,979,636)
<EPS-PRIMARY> (0.10)
<EPS-DILUTED> (0.10)
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