FORM 10-QSB/A
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the transition period from to .
Commission file number 33-16453
MICRONETICS WIRELESS, INC.
(Exact name of small business issuer as specified in its charter)
Delaware 22-2063614
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
26 Hampshire Drive, Hudson NH 03051
(Address of principal executive offices)
(Zip Code)
(603) 883-2900
(Issuer's telephone number, including area code)
(Former name, former address and former fiscal year, if 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) of the
Securities and 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 the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practical date.
3,966,317 shares of common stock, par value $.01 per share as
of July 31, 2000.
Page 1 of 12. There is no Exhibit Index.
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.
MICRONETICS WIRELESS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(UNAUDITED)
Assets
June 30, March 31,
2000 2000
CURRENT ASSETS:
Cash $1,307,119 $1,424,988
Receivables
Trade (net of allowance for
doubtful accounts) 1,085,365 1,007,134
Inventories (note 2) 2,218,145 2,082,964
Prepaid expenses and other
current assets 76,086 52,553
Deferred tax asset 174,512 185,222
Other current assets 70,438 67,911
TOTAL CURRENT ASSETS 4,931,665 4,820,772
FIXED ASSETS
Land 162,000 162,000
Building & Improvements 861,843 855,969
Furniture, Fixtures, and
Equipment 2,067,027 2,026,007
Capitalized Leases 143,703 143,703
Gross Fixed Assets 3,234,573 3,187,679
Accumulated Depreciation
and Amortization 1,643,095 1,591,111
TOTAL (NET) FIXED ASSETS 1,591,478 1,596,568
OTHER ASSETS
Deposits 4,488 4,488
Intangibles (Net of
Amortization) 119,362 122,378
Goodwill 328,945 328,945
TOTAL OTHER ASSETS 452,795 455,811
TOTAL ASSETS $6,975,938 $6,873,151
SIGNATURE
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.
MICRONETICS WIRELESS, INC.
(Registrant)
Dated: August 2, 2000 By:/s/Richard S. Kalin
Richard S. Kalin,
President (Principal
Executive Officer)
