As filed with the Securities and Exchange Commission on June 12, 1997
SECURITIES AND EXCHANGE COMMISSION
Washington, DC. 20549
AMENDMENT #1 TO FORM 10-KSB/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For fiscal year ending February 28, 1997 Commission File No. 33-16343
AMERICAN DIGITAL COMMUNICATIONS, INC.
(Exact name of registrant as specified in charter)
Wyoming 13-3411167
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
5575 DTC Parkway, Suite 355 (303) 770-8283
Englewood, Colorado 80111 (Registrant's Telephone No. incl. area
(Address of Principal's Executive code)
Offices)
Securities registered pursuant to
Section 12(b) of the Act: None
Securities registered pursuant to
Section 12(g) of the Act: None
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 ( X ) No ( )
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of the registrant's knowledge, in the definitive proxy or infor-
mation statements incorporated by reference in Part III of this Form 10-K or
any amendment to this Form 10-K ( x ).
Based on the closing high bid price on May 9, 1997, the aggregate market
value of the voting stock held by non-affiliates of the registrant was
approximately $3,780,389.
On May 9, 1997, the number of shares outstanding of the registrant's
Common Stock was 24,468,407.
DOCUMENTS INCORPORATED BY REFERENCE: None
Total number of pages, including cover page 43. Exhibit Index begins at
page 16.
PART 2 Other information
Item 6. Exhibit and reports on Form 8-K
Exhibits. The following exhibits are included as part of this report.
EX-27 FINANCIAL DATA SCHEDULE
SIGNATURES
----------
In accordance with sections 13 or 15(d) of the Securities Exchange Act
of 1934, the Registrant caused this Report to be signed on its behalf by the
undersigned, thereto duly authorized individual.
Date: June 12, 1997
AMERICAN DIGITAL COMMUNICATIONS, INC.
By: /s/ R. Gene Klawetter
-----------------
R. Gene Klawetter, Chief Executive Officer
In accordance with the Securities Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the Registrant and in
the capacities and on the dates indicated.
Name Title Date
---- ----- ----
/s/ R. Gene Klawetter
-----------------
R. Gene Klawetter Chairman / President / CEO June 12, 1997
/s/ Daniel M. Smith
--------------- Acting Chief Financial Officer /
Daniel M. Smith Controller/ Chief Accounting June 12, 1997
Officer
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM fORM 10-KSB FOR THIS PERIOD ENDED
FEBRUARY 28, 1997 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH fORM 10-KSB.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1997
<PERIOD-END> FEB-28-1997
<CASH> 31,701
<SECURITIES> 0
<RECEIVABLES> 29,658
<ALLOWANCES> 0
<INVENTORY> 469,415
<CURRENT-ASSETS> 2,661,298
<PP&E> 151,134
<DEPRECIATION> 142,286
<TOTAL-ASSETS> 4,014,745
<CURRENT-LIABILITIES> 1,295,460
<BONDS> 0
0
0
<COMMON> 2,363
<OTHER-SE> 2,176,026
<TOTAL-LIABILITY-AND-EQUITY> 4,014,745
<SALES> 596,507
<TOTAL-REVENUES> 596,507
<CGS> 587,030
<TOTAL-COSTS> 587,030
<OTHER-EXPENSES> 1,152,723
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 89,156
<INCOME-PRETAX> (1,232,402)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,232,402)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,232,402)
<EPS-PRIMARY> (.07)
<EPS-DILUTED> (.07)
</TABLE>
