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Previous: ATLANTIC GULF COMMUNITIES CORP, S-3/A, 1997-09-16 |
Next: WORLD COLOR PRESS INC /DE/, 8-A12B, 1997-09-16 |
<PAGE>
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
EXCHANGE ACT OF 1934
For the quarterly period ended July 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _____________ to ____________
Commission File No. 0-14733
DELTA COMPUTEC INC.
(Exact name of registrant as specified in its charter)
New York 16-1146345
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
366 White Spruce Blvd, Rochester, NY 14623
(Address of Principal Executive Offices) (Zip Code)
201-440-8585
(Registrant's Telephone Number Including Area Code)
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, and (2) has been subject to such filing requirements
for the past 90 days.
Yes [ ] No [x]
As of September 12, 1997, there were 18,252,050 common shares outstanding of the
Registrant's Common Shares $.01 par value.
<PAGE>
DELTA COMPUTEC INC.
PART II
Other Information
Part I: Financial Information
Corrected Assets Section of Balance Sheet - Total current
assets figure in original filing was incorrect by $10,214.
<PAGE>
DELTA COMPUTEC INC.
CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
ASSETS
(Unaudited) (Audited)
July 31, October 31,
1997 1996
---- ----
<S> <C> <C>
Current Assets:
Cash $ (19,786) $ 50,891
Accounts receivable, less allowance for doubtful accounts of
$242,512 and $263,808 at July 31, 1997 and October 31, 1996,
respectively 1,542,180 2,634,039
Inventories 1,048,127 816,939
Prepaid expenses and other current assets 164,060 442,549
------------ ------------
Total current assets 2,734,581 3,944,418
Field Spare Parts, net of accumulated amortization 2,765,536 2,546,133
Property And Equipment, at cost:
Technical equipment 131,893 131,848
Office furniture and equipment 228,664 260,784
Vehicles 74,614 74,614
Leasehold improvements 70,792 60,072
Software 54,793 -
------------ ------------
560,756 527,318
Less: Accumulated depreciation (348,429) (291,751)
------------ ------------
212,327 235,567
Deferred Income Taxes 150,000 150,000
Other Assets:
Goodwill, less accumulated amortization of $322,038 and
$286,256 at July 31, 1997 and October 31, 1996, respectively 155,055 190,837
Other 113,002 104,431
------------ ------------
268,057 295,268
Total Assets $ 6,130,501 $ 7,171,386
============ ============
</TABLE>
See notes to consolidated financial statements.
<PAGE>
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.
Delta Computec Inc.
-------------------
Registrant
Date: September 16, 1997 /s/ Frank Donnelly
-------------------
Frank Donnelly
Chief Financial Officer and
Principal Accounting Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> JUL-31-1997
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 1,784,692
<ALLOWANCES> 242,512
<INVENTORY> 1,048,127
<CURRENT-ASSETS> 2,734,581
<PP&E> 560,756
<DEPRECIATION> 348,429
<TOTAL-ASSETS> 6,130,501
<CURRENT-LIABILITIES> 7,086,795
<BONDS> 0
0
0
<COMMON> 182,521
<OTHER-SE> (2,488,816)
<TOTAL-LIABILITY-AND-EQUITY> 6,130,501
<SALES> 3,573,566
<TOTAL-REVENUES> 10,195,498
<CGS> 7,123,305
<TOTAL-COSTS> 9,455,723
<OTHER-EXPENSES> 269,678
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 470,097
<INCOME-TAX> 0
<INCOME-CONTINUING> 470,097
<DISCONTINUED> (22,990)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 447,107
<EPS-PRIMARY> 0.03
<EPS-DILUTED> 0.03
</TABLE>
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