U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A1
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended December 31, 1998
[ ] 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 0-15927
COMPUTER POWER INC.
(Name of small business issuer in its charter)
New Jersey 22-1981869
(State or other jurisdiction of (I.R.S. Employer
Incorporation organization) Identification No.)
124 West Main Street, High Bridge, NJ 08829
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: 908-638-8000
Securities registered pursuant to Section 12 (b) of the Exchange act: None
Securities registered pursuant to Section 12(g) of the Exchange Act:
Common Stock, par value $.01 per share
(Title of Class)
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 __
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B 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 ]
State issuer's revenues for its most recent fiscal year: $8,443,473
The aggregate market value of the voting stock held by non-affiliates computed
by reference to the price at which the stock was sold, or the average bid and
asked prices of such stock as of March 29, 1999: $349,094 The number of shares
outstanding of each of the issuer's classes of common equity, as of March 2,
1999, was 2,828,300.
Transitional Small Business Disclosure Format (check one)
Yes_______ No X
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this Amendment No. 1 to Form 10-KSB
for December 31, 1998 to be signed on its behalf by the undersigned, thereunto
duly authorized.
COMPUTER POWER, INC.
By:_s/John M. Perry___
John M. Perry, President
Dated: April 1, 1999
2
cpi-10k.98A
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE DECEMBER 31, 1998 (AUDITED) FINANCIAL STATEMENTS OF
COMPUTER POWER, INC. & SUBSIDIARY AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000792986
<NAME> Computer Power, Inc.
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-START> Jan-1-1997
<PERIOD-END> Dec-31-1998
<CASH> 63,204
<SECURITIES> 0
<RECEIVABLES> 1,478,937
<ALLOWANCES> 211,485
<INVENTORY> 742,991
<CURRENT-ASSETS> 2,317,846
<PP&E> 1,614,057
<DEPRECIATION> 1,265,402
<TOTAL-ASSETS> 2,666,501
<CURRENT-LIABILITIES> 4,979,591
<BONDS> 309,680
0
0
<COMMON> 26,027
<OTHER-SE> (2,648,797)
<TOTAL-LIABILITY-AND-EQUITY> (2,622,770)
<SALES> 8,443,473
<TOTAL-REVENUES> 8,443,473
<CGS> 6,420,742
<TOTAL-COSTS> 6,420,742
<OTHER-EXPENSES> 2,182,020
<LOSS-PROVISION> 60,000
<INTEREST-EXPENSE> 283,479
<INCOME-PRETAX> (159,289)
<INCOME-TAX> 0
<INCOME-CONTINUING> (159,289)
<DISCONTINUED> 0
<EXTRAORDINARY> 165,367
<CHANGES> 0
<NET-INCOME> 6,078
<EPS-PRIMARY> (.00)
<EPS-DILUTED> (.00)
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