U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
Amendment #1
X QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: March 31, 2000
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
EXCHANGE ACT
Commission file No. 0-13167
TM CENTURY, INC.
(Name of small business issuer as specified in its charter)
Delaware 73-1220394
(State of incorporation) (IRS Employer Identification No.)
2002 Academy, Dallas, Texas 75234
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (972) 406-6800
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___
The number of issuer's shares of Common Stock outstanding as of
March 31, 2000 was 2,483,193.
Transitional Small Business Disclosure Format (check one): Yes___ No X
<PAGE>
TM CENTURY, INC.
Notes to Amendment
This amendment is submitted to correct the presentation of the Balance
Sheets As of March 31, 2000 (Unaudited) and September 20, 1999. The
original submission contained an error in the Current Assets detail. This
error did not affect the subtotals, totals or discussion related to the
Balance Sheets.
<PAGE>
<TABLE>
TM Century, Inc.
Balance Sheets
As of March 31, 2000 (Unaudited) and September 30, 1999
<CAPTION>
ASSETS
March 31,2000 September 30,1999
_____________ _________________
<S> <C> <C>
CURRENT ASSETS
Cash and Cash Equivalents $ 531,149 $ 354,332
Accounts receivable less allowance for doubtful accounts
of $102,398 and $100,000 respectively 640,676 721,538
Inventories, net of allowance for obsolescence of $258,545 444,738 446,279
Prepaid expenses 20,093 31,277
____________ ____________
TOTAL CURRENT ASSETS 1,636,656 1,553,426
PROPERTY AND EQUIPMENT 2,647,002 2,563,220
Less accumulated depreciation and amortization (2,196,012) (2,116,116)
____________ ____________
NET PROPERTY AND EQUIPMENT 450,990 447,104
PRODUCT DEVELOPMENT COSTS, net of accumulated
amortization of $1,709,961 and $1,630,071 respectively 357,876 324,094
COMEDY MATERIAL RIGHTS, net of accumulated amortization
of $31,000 and $18,600 respectively 93,000 105,400
OTHER ASSETS 19,866 19,316
____________ ____________
TOTAL ASSETS $ 2,558,388 $ 2,449,340
============ ============
<PAGE>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 55,168 $ 63,508
Accrued expenses 153,960 196,978
Current portion of obligation under capital lease 0 3,202
Current portion of note payable 33,333 33,333
Deferred revenue 123,215 127,382
Customer deposits 33,307 37,623
____________ ____________
TOTAL CURRENT LIABILITIES 398,983 462,026
NOTE PAYABLE, less current portion 49,000 65,667
CUSTOMER DEPOSITS - NONCURRENT 138,080 99,114
ACCRUED SETTLEMENT FOR RIAA DISPUTE 405,100 405,100
____________ ____________
TOTAL LIABILITIES 991,163 1,031,907
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; authorized 7,500,000 shares; 29,705 29,705
2,970,481 shares issued; and 2,483,193 shares outstanding
Additional paid-in capital 2,275,272 2,275,272
Treasury stock - at cost, 487,288 shares (1,291,227) (1,291,227)
Retained earnings 553,475 403,683
____________ ____________
TOTAL STOCKHOLDERS' EQUITY 1,567,225 1,417,433
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,558,388 $ 2,449,340
============ ============
See notes to interim financial statements
</TABLE>
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: August 3, 2000
TM CENTURY, INC.
BY:/s/Teri R.S. James
Teri R.S. James
Vice President of Finance
(Principal Accounting Officer)
BY:/s/R. David Graupner
R. David Graupner
Chief Executive Officer
(Principal Executive Officer)
