INVISION TECHNOLOGY INC
10KSB/A, 1996-07-08
ELECTRONIC COMPONENTS & ACCESSORIES
Previous: BOSTON ACOUSTICS INC, DEF 14A, 1996-07-08
Next: MDT CORP /DE/, SC 14D9/A, 1996-07-08




                             UNITED STATES

                    SECURITIES AND EXCHANGE COMMISSION

                       WASHINGTON, D.C.  20549

          ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934

               FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995

                   COMMISSION FILE NUMBER 33-9868-A

           INVISION TECHNOLOGY, INC. (FORMERLY IMPROCOM, INC.)
         (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHAPTER.)

                 NEVADA, U.S.A.                 88-0212471
         (STATE OR OTHER JURISDICTION OF    (I.R.S. EMPLOYER
         INCORPORATION OR ORGANIZATION)     IDENTIFICATION NO.)

         230 CARSWELL AVENUE, HOLLY HILL, FL           32117
         (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)    (ZIP CODE)

           REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
                            (904) 254-8100

     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 [ ]          NO [X]

     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]

     ISSUER'S REVENUES FOR ITS MOST RECENT FISCAL YEAR ARE $149,225.  THE
AGGREGATE ESTIMATED MARKET VALUE OF THE VOTING STOCK HELD BY NON-AFFILIATES OF
THE ISSUER AS OF MARCH 31, 1996, IS $-0- BASED UPON THE ASSUMPTION THAT ALL
DIRECTORS AND OFFICERS OF THE COMPANY, AND THEIR FAMILIES, ARE AFFILIATES.

     AT JANUARY 31, 1996, 4,293,822 SHARES OF COMMON STOCK, $.001 PAR VALUE
PER SHARE WERE OUTSTANDING.


<TABLE> <S> <C>

<ARTICLE>     5
<MULTIPLIER>  1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          18,215
<SECURITIES>                                         0
<RECEIVABLES>                                  126,934
<ALLOWANCES>                                         0
<INVENTORY>                                    255,348
<CURRENT-ASSETS>                               413,346
<PP&E>                                         152,915
<DEPRECIATION>                                  64,565
<TOTAL-ASSETS>                                 503,385
<CURRENT-LIABILITIES>                        2,087,110
<BONDS>                                              0
                                0
                                          0
<COMMON>                                         5,753
<OTHER-SE>                                 (1,589,478)
<TOTAL-LIABILITY-AND-EQUITY>                   503,385
<SALES>                                        149,225
<TOTAL-REVENUES>                               149,225
<CGS>                                          145,783
<TOTAL-COSTS>                                1,896,894
<OTHER-EXPENSES>                             1,236,521
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              89,623
<INCOME-PRETAX>                            (2,191,441)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,191,441)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,191,441)
<EPS-PRIMARY>                                    (.44)
<EPS-DILUTED>                                    (.44)
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission