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Previous: KLEINWORT BENSON AUSTRALIAN INCOME FUND INC, N-30D, 1997-06-23 |
Next: FLAG INVESTORS INTERNATIONAL FUND INC, N-30D, 1997-06-23 |
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 20, 1997
MPM Technologies, Inc.
(Exact name of registrant as specified in its charter)
Washington 0-14910 81-0436060
---------------- ------------- ---------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
222 W. Mission Ave., Suite 30, Spokane, WA 99201
------------------------------------------- ------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (509) 326 3443
(Former name or address, if changed since last report)<PAGE>
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
ITEM 5. OTHER EVENTS
ITEM 6. RESIGNATION OF A REGISTRANT'S DIRECTOR
ITEM 7. FINANCIAL STATEMENTS. PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a). Financial Statements of business acquired
Segmented Statement of Financial Position as of March 31, 1997
(b). Pro forms financial information
(c). Exhibits<PAGE>
<TABLE>
<CAPTION>
US FILTER/ENGINEERED SYSTEMS Segmented Statement of Financial
Position as of March 31, 1997
OXIDATION GROUP
- ---------------------------------------------------------------------------
UNAUDITED
ASSETS
March
31, 1997
----------------
<S> <C>
CURRENT ASSETS
Cash (Note 2) $ -
Receivables, net of allowance for doubtful accounts 2,454,255
Prepaid insurance -
Revenues in excess 807,349
Inventory 225,682
----------------
Total current assets 3,487,286
----------------
PROPERTY, PLANT AND EQUIPMENT (NOTE 2)
Land -
Mining claims (Note 3) -
Mining leases (Notes 3 and 7) -
Buildings -
Mill machinery -
Vehicles and equipment 1,005,453
Software -
----------------
Total property, plant and equipment 1,005,453
Less accumulated depreciation 692,737
----------------
Net property, plant and equipment 312,716
----------------
OTHER ASSETS
Deferred exploration and development costs (Note 1) -
Investment (Note 1) -
Notes receivable -
Licenses, net of accumulated amortization
(Note 2) -
Advance minimum royalties (Note 2) -
Mineralized material in place (Note 3) -
----------------
Total other assets -
----------------
TOTAL ASSETS $ 3,800,002
================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
US FILTER/ENGINEERED SYSTEMS Segmented Statement of Financial
Position as of March 31, 1997
OXIDATION GROUP
- ---------------------------------------------------------------------------
UNAUDITED
LIABILITIES AND STOCKHOLDERS' EQUITY
March
31, 1997
------------------
<S> <C>
CURRENT LIABILITIES
Accounts payable $ 430,467
Accrued expenses 245,256
Advanced payments 361,873
Interest payable - other -
Interest payable - related parties (Note 4) -
Notes payable - other (Note 4) -
Notes payable - related parties (Note 4) -
Current portion long term debt -
------------------
Total current liabilities 1,037,596
------------------
LONG TERM LIABILITIES
Long term liabilities 1,200,000
Current portion long term liabilities -
------------------
Long term liabilities, net of current portion 1,200,000
------------------
Total liabilities 2,237,596
------------------
MINORITY INTEREST (NOTES 2 and 6)
Minority interest in consolidated entities -
------------------
COMMITMENTS (NOTE 7)
STOCKHOLDERS' EQUITY
Common stock, (Notes 1,6 and 8)
Additional paid-in capital -
Net assets 1,562,406
------------------
Total stockholders' equity 1,562,406
------------------
TOTAL LIABILITIES, MINORITY INTEREST AND
STOCKHOLDERS' EQUITY $ 3,800,002
==================
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
MPM Technologies Inc.
/s/Robert D. Little
June 20, 1997 --------------------
- -------------- Robert D. Little
(Date) Secretary<PAGE>
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