SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-Q/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
--- SECURITIES AND EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1995.
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
--- SECURITIES AND EXCHANGE ACT OF 1934
For the transition period from to
---------- ---------
Commission File No. 0-14368
CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 061097006
- ----------------------------- -------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
851 Irwin Street, Suite 200, San Rafael, California 94901
---------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 257-4200
--------------
N/A
-----------------------------------------------------------
(Registrant's former address, if changed since last report)
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 ( )
As of May 8, 1995, the Registrant had outstanding 6,170,081 shares of Common
Stock, $.01 par value, and 2,700 shares of Special Stock, denominated Series A
Convertible Preferred Stock, $.01 par value, convertible into 490,909 shares
of Common Stock.
<PAGE>
CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
FORM 10-Q/A
FOR THE QUARTER ENDED MARCH 31, 1995
INDEX
PAGE
PART I. FINANCIAL INFORMATION 3
ITEM 1. Condensed Consolidated Financial Statements
a) Condensed Consolidated Balance Sheets -- 4
March 31, 1995 and December 31, 1994
b) Condensed Consolidated Statements of 6
Operations -- Three months ended
March 31, 1995 and 1994
c) Condensed Consolidated Statements of 7
Cash Flows -- Three months ended
March 31, 1995 and 1994
d) Notes to Condensed Consolidated Financial 9
Statements
ITEM 2. Management's Discussion and Analysis 11
of Financial Condition and Results
of Operations
PART II. OTHER INFORMATION 13
ITEM 6. Exhibits and Reports on Form 8-K 13
a) Financial Data Schedule 13
b) Reports on Form 8-K 13
Signatures 14
Page 2
<PAGE>
PART II- OTHER INFORMATION
Item 6.
a) Financial Data Schedule Exhibit 27
THIS IS SUBMITTED ELECTRONICALLY TO THE SECURITIES AND EXCHANGE
COMMISSION FOR INFORMATION ONLY AND IS NOT FILED. THE SCHEDULE CONTAINS
SUMMARY INFORMATION EXTRACTED FROM THE REGISTRANT'S FINANCIAL STATEMENTS FOR
THE PERIOD ENDED MARCH 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
b) Reports on Form 8-K.
1. The Company filed a Report on Form 8-K/A during the quarter.
i. Form 8-K/A dated March 15, 1995, as Amendment No. 2 to
Current Report on Form 8-K, was filed to report the
closing of the acquisition previously reported in the
Current Report on Form 8-K filed on November 29, 1994 as
amended by Form 8-K/A filed on December 9, 1994. The
previously reported acquisition closed on February 8,
1995.
Page 13
<PAGE>
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, thereunto duly authorized.
CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
By: /s/ Richard A. Niglio
-------------------------------------
Richard A. Niglio
Chief Executive Officer
By: /s/ Randall J. Truelove
-------------------------------------
Randall J. Truelove
Vice-President, Finance
Chief Accounting Officer
Date: June 26, 1995
Page 14
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE
REGISTRANT'S FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
<CIK> 0000775820
<NAME> CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC. FINANCIAL DATA SCHEDULE
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 15,633
<SECURITIES> 4,508
<RECEIVABLES> 2,071
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 23,697
<PP&E> 19,810
<DEPRECIATION> 4,873
<TOTAL-ASSETS> 69,285
<CURRENT-LIABILITIES> 5,568
<BONDS> 14,767
<COMMON> 132
0
0
<OTHER-SE> 47,740
<TOTAL-LIABILITY-AND-EQUITY> 69,285
<SALES> 18,279
<TOTAL-REVENUES> 18,279
<CGS> 0
<TOTAL-COSTS> 16,546
<OTHER-EXPENSES> 14
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 378
<INCOME-PRETAX> 1,719
<INCOME-TAX> 632
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,087
<EPS-PRIMARY> .16
<EPS-DILUTED> 0
</TABLE>
