FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the quarterly period ended March 31, 1996
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 number 1-9593
COACHMAN INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 73-1244422
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
301 N.W. 63rd, Suite 500, Oklahoma City, OK 73116
(Address of principal executive offices) (Zip Code)
(405)-840-4667
Registrant's telephone number, including area code
Not applicable
(Former name, former address and former fiscal year,
changed since last report)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) for 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___
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Sections 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.
Yes ____ No _____
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date.
Class Outstanding at March 31, 1996
Common Stock, $.01 par value 21,452,642 shares
This Form 10-Q/A is being filed to correct information on the
Consolidated Balance Sheet, March 31, 1996, and December 31, 1995.
There were three typographical errors, two in the liabilities
section and one in the equity section. Below is a corrected
Consolidated Balance Sheet, March 31, 1996, and December 31, 1995.
COACHMAN INCORPORATED
CONSOLIDATED BALANCE SHEETS
MARCH 31, 1996 AND DECEMBER 31, 1995
March 31, December 31,
1996 1995
----------- -----------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 20,116 $ 99,846
Accounts Receivable:
Trade 922 922
Related parties 45,983 99,636
Notes receivable from affiliates 35,702 35,702
Marketable equity securities 96,750 108,000
Other current assets 3,352 5,795
----------- -----------
Total Current Assets $ 202,825 $ 349,901
Property and equipment, net of accumulated
depreciation of $244,915 in 1996 and
$244,626 in 1995 $ 1,963 $ 2,252
Notes receivable:
Officer 127,609 127,609
Affiliates 393,196 402,633
Acquisition in progress 9,485,332 8,629,488
Investment in affiliated entities
and other assets 76,038 76,038
----------- -----------
TOTAL ASSETS $10,286,963 $ 9,587,921
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable:
Trade $ 844,861 $ 822,994
Related parties 2,133 1,822
Accrued liabilities:
Rent 149,670 138,870
Interest 325,571 301,491
Other 533,301 535,859
Notes payable:
Related parties 4,710,526 4,710,526
Other 125,000 125,000
Current maturities of long-term debt 596,912 596,912
----------- -----------
Total Current Liabilities 7,287,974 7,233,474
LONG TERM DEBT 25,075 32,975
STOCKHOLDERS' EQUITY:
Preferred Stock, $.01 par value; authorized
200,000 shares; issued and outstanding 73 73
7,250 shares at March 31, 1996
Common Stock, $.01 par value; authorized 214,526 202,651
25,000,000 shares, issued and outstanding
21,452,142 shares at March 31, 1996 and
20,165,142 in 1995
Additional paid-in capital 11,791,214 11,411,589
Common stock subscribed, unissued 391,500
Common stock subscriptions receivable (100,000)
Accumulated deficit (9,055,524) (9,607,966)
Net unrealized gain on marketable
equity securities 23,625 23,625
----------- -----------
Total Stockholders' Equity 2,973,914 2,321,472
----------- -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $10,286,963 $ 9,587,921
=========== ===========
SIGNATURES
FORM 10-Q
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.
COACHMAN INCORPORATED
(Registrant)
May 30, 1996 By: /s/ Dennis D. Bradford
Dennis D. Bradford
Chairman of the Board
Chief Financial Officer
