U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-KSB/A
[X] Annual Report Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For the Fiscal Year Ended March 31, 1996
[ ] Transition Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the Transition Period From _____________to _____________
Commission File No. 2-97732
TECHNOLOGY GENERAL CORPORATION
New Jersey 22-1694294
- ----------------------- ------------------------------------
State of Incorporation I.R.S. Employer Identification No.
12 Cork Hill Road, Franklin, New Jersey 07416
- -------------------------------------------- ------------
Address of Principal Executive Office Zip Code
Registrant's Telephone No.: (201) 827-4143
-----------------------------
Securities Registered Pursuant to Section 12(b) of the Act:
None
Securities Registered Pursuant to Section 12(g) of the Act:
Title of Each Class: Common Stock
-------------------
Common Stock Class A
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
---- -----
Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]
<PAGE>
State Registrant's Revenues for Most Recent Fiscal Year:
$3,303,256
State the aggregate market value of the voting common stock held by non-
affiliates of the registrant as of March 31, 1996, based on the closing bid on
such day of $3/16:
$433,721
Indicate the number of shares outstanding of the Registrant's class of
common stock as of March 31, 1996:
Common: 5,093,278
Common Stock Class A: 157,839
Transitional Small Business Disclosure Format:
Yes _____ No X
-----
2
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENT AT OPERATIONS FOUND ON
PAGES F-2 AND F-3 OF THE COMPANY'S FORM 10-KSB FOR THE YEAR ENDED
MARCH 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 116,617
<SECURITIES> 165,000
<RECEIVABLES> 406,841
<ALLOWANCES> 1,000
<INVENTORY> 505,629
<CURRENT-ASSETS> 1,374,352
<PP&E> 6,202,614
<DEPRECIATION> 4,116,553
<TOTAL-ASSETS> 3,723,446
<CURRENT-LIABILITIES> 633,355
<BONDS> 1,341,308
0
0
<COMMON> 5,648
<OTHER-SE> 1,545,433
<TOTAL-LIABILITY-AND-EQUITY> 3,723,446
<SALES> 2,802,845
<TOTAL-REVENUES> 3,303,256
<CGS> 1,816,095
<TOTAL-COSTS> 3,370,627
<OTHER-EXPENSES> 20,126
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 72,233
<INCOME-PRETAX> (159,730)
<INCOME-TAX> (12,000)
<INCOME-CONTINUING> (147,730)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (147,730)
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
