U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
(Mark One)
|X| Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
of 1934
For the quarterly period ended 6/30/00
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|_| Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from ___________ to ______________
Commission file number 811-3584
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Levcor International, Inc.
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(Exact Name of Small Business Issuer as Specified in Its Charter)
Delaware 06-0842701
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
462 Seventh Avenue, New York, NY 10018
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(Address of Principal Executive Offices)
(212) 354-8500
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(Issuer's Telephone Number)
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(Former Name, Former Address and Former Fiscal year,
if Changed Since Last Report)
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 |_|
As of August 11, 2000, 2,371,299 shares of the issuer's common stock, par value
$.56 per share, were outstanding.
Transitional Small Business Disclosure Format (check one): Yes |_| No |X|
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<PAGE>
The registrant hereby amends Part I, Item 1, Financial Statements,
Unaudited Statements of Cash Flows for the Six Months Ended June 30, 2000, of
its Quarterly Report on Form 10-QSB for the quarterly period ending June 30,
2000, to read as set forth below:
[Continued on next page]
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PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Levcor International, Inc.
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2000
(Unaudited)
<TABLE>
<CAPTION>
2000 1999
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<S> <C> <C>
Cash flows from operating activities
Net/(loss) income $ (78,601) $ 154,194
Adjustments to reconcile net/(loss) income to net
cash provided by operating activities
Depletion, depreciation and amortization 12,148 5,016
Write-down of oil and gas properties 4,223 --
Services paid in common stock 18,000 5,000
Loss on sale of assets held for resale 37,450 --
Loss on sale of discontinued operations 353 --
Gain on sale of fixed assets (44,194) --
Sale of assets from discontinued operations charged to salaries 33,138 --
Changes in operating assets and liabilities
Accounts receivable 37,699 (100,908)
Due from factor -- 48,411
Inventories (425,247) 2,194
Prepaid expenses and other current assets 25,915 (21,284)
Accounts payable and accrued expenses 906,069 137,686
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Net cash provided by operating activities 526,953 230,309
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Cash flows from investing activities
Purchases of property and equipment and intangible assets (50,110) (1,869)
Sale of oil and gas properties 3,800
Proceeds from sale of fixed assets 44,194 --
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Proceeds from sale of assets held for sale 41,245 --
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Net cash provided by investing activities 35,329 1,931
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Cash flows from financing activities
Repayment of long-term debt (543,745) (282,800)
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Net cash used in financing activities (543,745) (282,800)
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NET INCREASE/(DECREASE) IN CASH 18,537 (50,560)
Cash at beginning of period 3,045 60,318
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Cash at end of period $ 21,582 $ 9,758
========= =========
Supplemental disclosures of cash flow information:
Cash paid during the period for Interest $ 182,900 $ 119,307
</TABLE>
The accompanying notes are is an integral part of these statements.
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<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
LEVCOR INTERNATIONAL, INC.
Date August 18, 2000 /s/ Robert A. Levinson
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Robert A. Levinson
Chairman of the Board,
President and Secretary
Date August 18, 2000 /s/ Sean Brennan
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Sean Brennan
Treasurer
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