ADMENDED COPY
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 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 1-13628
INTELLIGENT CONTROLS, INC.
(Exact name of small business issuer as
specified in its charter)
Maine 01-0354107
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
74 Industrial Park Road, Saco, Maine 04072
(Address of principal executive offices)
(207) 283-0156
(Issuer's telephone number)
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
There were 3,216,187 shares of Common Stock of the issuer outstanding as
of May 14, 1996.
Transitional Small Business Disclosure Format: Yes No X
Page 1 of 2
SIGNATURES
In accordance with the requirements of the Exchange Act, the Company
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
INTELLIGENT CONTROLS, INC.
By: /s/ Kenneth J Burek
Kenneth J. Burek, Vice President
of Finance (on behalf of the
Company and as principal
Date: June 27, 1996 financial officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND PROFIT LOSS STATEMENT CONTAINED IN THE FORM 10Q-SB AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 157430
<SECURITIES> 0
<RECEIVABLES> 1879569
<ALLOWANCES> 37238
<INVENTORY> 2680582
<CURRENT-ASSETS> 5212780
<PP&E> 1317681
<DEPRECIATION> 452309
<TOTAL-ASSETS> 6093136
<CURRENT-LIABILITIES> 2916371
<BONDS> 635797
0
0
<COMMON> 2221352
<OTHER-SE> 379481
<TOTAL-LIABILITY-AND-EQUITY> 6093136
<SALES> 1983254
<TOTAL-REVENUES> 1983254
<CGS> 1035043
<TOTAL-COSTS> 1027222
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 7500
<INTEREST-EXPENSE> 33840
<INCOME-PRETAX> (120351)
<INCOME-TAX> (50594)
<INCOME-CONTINUING> (60397)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (60397)
<EPS-PRIMARY> (.02)
<EPS-DILUTED> (.02)
</TABLE>
