THIS DOCUMENT IS A CONFIRMING COPY OF THE FORM 8-K/A PREVIOUSLY FILED ON PAPER
WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 29, 1995
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 31, 1995
ARISTO INTERNATIONAL CORPORATION (f/k/a The Astro-Stream Corporation)
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(Exact name of Registrant as Specified in Charter)
Delaware 33-1260-NY 11-2706304
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(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
152 West 57th Street, New York, New York 10019
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(Address of Principal Executive Offices) (Zip code)
(212) 586-2400
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(Registrant's telephone number, including area code)
Not applicable
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(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
This Amendment on Form 8-K/A (the "Amendment") amends the Current Report on Form
8-K (the "Form 8-K") filed by Aristo International Corporation, a Delaware
corporation (the "Company"), on August 15, 1995 with the Securities and Exchange
Commission, which Form 8- K related to the merger of Borta, Inc., a Virginia
corporation, with and into BAIC Acquisition Corp., a Delaware corporation and a
wholly owned subsidiary of the Company. This amendment amends Item 7(b) of the
Form 8-K, which Item is hereby amended and restated in its entirety as follows:
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(b) Pro Forma Financial Information:
Is included in the following two (2) pages:
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<PAGE>
ARISTO INTERNATIONAL CORPORATION and SUBSIDIARIES
(A development stage enterprise)
Pro Forma Consolidated Balance Sheet
As of July 31, 1995
Unaudited
<TABLE>
<CAPTION>
Aristo Borta Pro Forma Combined Entities
July 31, 1995 May 31, 1995 Adjustments July 31, 1995
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ASSETS
Current Assets:
<S> <C> <C> <C> <C>
Cash and cash equivalents $ 155,146 $ 49,025 $ 204,171
Restricted cash 436,831 436,831
Marketable securities 25,819 25,819
Prepaid expenses and other current assets 141,208 50,282 191,490
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Total current assets 759,004 99,307 858,311
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Fixed assets - at cost, net 89,167 40,156 129,323
Patents, net 78,466 78,466
Investment and advances to subsidiary 9,300,000 (9,300,000) --
Capitalized software 8,086,750 8,086,750
Excess of cost of net assets acquired 1,143,186 1,143,186
Other assets 526,715 2,033 528,748
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Total assets $10,753,352 $ 141,496 $ (70,064) $10,824,784
========== ======== ============ ==========
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current Liabilities:
Notes payable - bank 406,000 47,455 453,445
Notes payable - stockholders 500,000 500,000
Accounts payable and accrued expenses 479,160 23,987 503,147
Payable to stockholder 50,000 (50,000) --
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Total current liabilities 1,385,160 121,432 (50,000) 1,456,592
Long Term Liabilities:
Notes payable - stockholders 700,000 700,000
Deferred rent 162,344 162,344
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Total liabilities 2,247,504 121,432 (50,000) 2,318,936
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Stockholder's equity:
Preferred stock, $.001 par value;
authorized 1,000,000 shares;
33,333 shares issued and outstanding 33 33
Common stock, $.001 par value --
authorized 19,000,000 shares; --
12,904,146 shares issued and outstanding 12,904 69,208 (69,208) 12,904
Additional paid-in capital 20,286,612 20,286,612
Less:
Deferred compensation expense (1,964,286) (1,964,286)
Deficit accumulated during the
development stage (9,829,415) (49,144) 49,144 (9,829,415)
------------- ----------- ------------- -------------
Total stockholders' equity 8,505,848 20,064 (20,064) 8,505,848
------------- ----------- ------------- -------------
Total liabilities and stockholders' equity $ 10,753,352 $ 141,496 $ 70,064 $ 10,824,784
=========== ========== ========= ===========
</TABLE>
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<PAGE>
ARISTO INTERNATIONAL CORPORATION AND SUBSIDIARIES
(a development stage enterprise)
PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
<TABLE>
Aristo Borta
For Nine For Five Combined
Months Months Entities
July 31, 1995 May 31, 1995
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<S> <C> <C> <C>
Revenue $ 4,749 $ 137,745 $ 142,494
Selling, general and
administrative expenses (2,246,117) (184,960) (2,431,077)
Research and development (321) -- (321)
Interest expense (59,029) (1,976) (61,005)
Interest Income 14,166 47 14,213
Income from settlement of
litigation 76,466 -- 76,466
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Net Loss ($2,210,086) ($49,144) $2,259,230)
</TABLE>
Note:
The Pro Forma Consolidated Statement of Operations includes the results of
Borta, Inc. for the five months ended May 31, 1995, the date of the latest
available audited financial statements. The results of Borta, Inc. for the two
months ended July 31, 1995 are not material as compared to the five months ended
May 31, 1995. Borta, Inc. was incorporated under the laws of the Commonwealth of
Virginia on December 19, 1994, and on January 1, 1995, all of the assets and the
business of, and all of the liabilities of the sole proprietorship, Borta and
Associates, were received by Borta, Inc. in exchange for 15, 500 shares of
Borta, Inc. stock. The original husband and wife proprietors, Ronald T. Borta
and Leslie A. Davis, received the initial 15, 500 shares.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: September 28, 1995
ARISTO INTERNATIONAL CORPORATION
By: /s/ Shmuel Cohen
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Shmuel Cohen
President
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