UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: February 9, 1996
ELECTRONIC SYSTEMS TECHNOLOGY INC.
(A Washington Corporation)
Commission File no. 2-92949-S
IRS Employer Identification no. 91-1238077
415 N. Quay St. #4
Kennewick WA 99336
(Address of principal executive offices)
Registrant's telephone number, including area code:(509) 735-9092
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ITEM 5. OTHER EVENTS
In preparation of year end financial statements, bad debt expense will be
incurred in the amount of $57,204 for amounts owed to the Company by
Diversified Engineering, of Richmond, Virginia. Due to lack of payment on
the part of Diversified Engineering, it was considered necessary by
Management to increase the Company's allowance for uncollectible accounts
to cover the contingency of nonpayment by Diversified.
The Company's products, with a value of $57,204, were provided to
Diversified in the summer of 1995 for installation in a water treatment
plant project. To date the Company has not received any payments. The
Company has retained counsel, and is examining legal options to expedite
collection. Management believes the amount owed the Company is collectible
due to a performance bond held by Diversified.
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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 hereunto duly authorized.
ELECTRONIC SYSTEMS TECHNOLOGY, INC.
T.L. KIRCHNER
By: T.L. Kirchner
President
Date: FEB. 09 1996
