<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
AMENDMENT NO. 1
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 22, 2000
Kaire Holdings, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-21384 13-3367421
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
7348 Bellaire Ave. North Hollywood, CA. 91605-4301
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (818) 255-4996
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(Former Name or Former Address, if Changed Since Last Report)
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The Registrant hereby amends Item 7 of its Form 8-K Report for June 22, 2000 as
follows:
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business acquired
The unaudited financial statements of Classic Care for the periods
December 31, 1999 and June 30, 2000.
(b) Pro forma Financial Statements information
The unaudited pro forma combined financial statements of Kaire
Holdings, Inc. and Classic Care for the year ended December 31, 1999.
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Signatures
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.
Dated: August 22, 2000 Kaire Holdings, Inc.
By: /s/ Steven Westlund
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Steven Westlund
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a. Financial Statements of Business acquired (unaudited)
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CLASSIC CARE PHARMACY
BALANCE SHEET
As of December 31, 1999 and June 30, 2000
ASSETS
------
<TABLE>
<CAPTION>
December 31, June 30,
1999 2000
----------- ----------
(unaudited)
<S> <C> <C>
Current assets
Cash and cash equivalents $ 0 $ 34,565
Accounts receivables, net 320,803 567,768
Inventory 239,000 315,973
Prepaid expenses and other assets 55,337 60,337
---------- ----------
Total current assets 615,140 978,643
Furniture and equipment, net 238,282 239,151
Other Assets 52,387 52,387
Deposits
Patents, net
Investments
Goodwill, net 3,790,794
---------- ----------
Total assets $ 905,809 $5,060,975
---------- ----------
LIABILITIES AND SHAREHOLDERS' DEFICIT
-------------------------------------
Current liabilities
Notes payable
Accounts payable and accrued
expenses 305,197 307,844
Convertible notes payable and debentures 286,592 437,892
---------- ----------
Total current liabilities 591,789 745,736
---------- ----------
Total liabilities 591,789 745,736
---------- ----------
</TABLE>
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CLASSIC CARE PHARMACY
BALANCE SHEET
As of December 31, 1999 and June 30, 2000
<TABLE>
<CAPTION>
December 31, June 30,
1999 2000
------------ ----------
(unaudited)
<S> <C> <C>
Shareholders' deficit
Common stock 1,000 1,000
Additional paid-in-capital 301,489 301,489
Accumulated Equity 11,531 4,012,750
-------- ----------
Total Shareholders' Equity (Deficit 314,020 4,315,239
Total liabilities and stockholders' deficit $905,809 $5,060,975
-------- ----------
</TABLE>
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CLASSIC CARE PHARMACY
STATEMENT OF OPERATIONS
As of December 31, 1999 and June 30, 2000
<TABLE>
<CAPTION>
December 31, 1999 June 30, 2000
<S> <C> <C>
Products and Services $2,567,072 $710,538
Lease Rentals
Total Revenue $2,567,072 $710,538
Cost of Revenues $1,959,766 $385,891
Gross Profit $ 607,306 $324,647
Operating Expenses
Research and development $ - $ -
Selling, general and administrative $ 628,357 $106,074
Total Operating Expenses $ 628,357 $106,074
Loss from Operations $ (21,051) $218,573
Other Income and (Expense)
Interest expense $ - $ -
Other Expenses $ - $ -
Below Market Note Conversion $ - 0
Other Income $ - $ -
Total interest expense and other $ - $ -
Loss before provision for state $ (21,051) $218,573
Provision for state income taxes $ - 0
Net Loss $ (21,051) $218,573
</TABLE>
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CLASSIC CARE PHARMACY
STATEMENT OF CASH FLOWS
As of June 30, 2000
<TABLE>
<S> <C>
Cash flows from operating activities
Net Loss $ 218,573
Adjustments to reconcile net loss to net cash
used in operating activities:
Deposits
Amortization and Depreciation
Non Cash Other expenses (8,148)
(Increase) decrease in:
Accounts receivable (246,965)
Prepaid expenses and other assets (5,000)
Inventories (76,973)
Increase (decrease) in:
Accounts payable and accrued expenses 2,647
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Net cash used in operating activities ( 115,866)
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Cash flows from investing activities
Purchase of furniture and equipment (869)
Investment in affiliates ________
Net cash used in investing activities (116,735)
Cash flows from financing activities
Proceeds from issuance of common stock
Proceeds from issuance of convertible notes 151,300
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Net cash provided by financing activities 151,300
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Net decrease in cash and cash equivalents 34,565
Cash and cash equivalents, beginning of period 0
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Cash and cash equivalents, end of period 34,565
---------
</TABLE>
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KAIRE HOLDINGS INCORPORATED and CLASSIC CARE
PRO FORMA BALANCE SHEET
As of June 30, 2000
ASSETS
------
<TABLE>
<CAPTION>
December 31, June 30,
1999 2000
------------ ------------
(unaudited)
<S> <C> <C>
Current assets
Cash and cash equivalents $ 130,668 $ 287,226
Accounts receivables, net 350,135 769,667
Inventory 239,000 315,973
Prepaid expenses and other assets 55,337 60,337
------------ ------------
Total current assets 775,140 1,433,203
Furniture and equipment, net 238,282 252,865
Other Assets 52,387 52,387
Deposits 5,000
Patents, net
Investments 5,000
Goodwill, net 3,774,999
------------ ------------
Total assets $ 1, 065,809 $5,523,455
------------ ------------
LIABILITIES AND SHAREHOLDERS' DEFICIT
-------------------------------------
Current liabilities
Notes payable 25,000 25,000
Accounts payable and accrued expenses 945,623 1,030,421
Convertible notes payable and debentures 367,592 452,892
------------ ------------
Total current liabilities 1,338,215 1,508,312
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Total liabilities 1,338,215 1,508,312
------------ ------------
Shareholders' deficit
Common stock 78,197 116,093
Additional paid-in-capital 30,823,147 35,621,262
Accumulated deficit (31,173,751) (31,722,213)
------------ ------------
Total Shareholders' Equity (Deficit (272,406) 4,015,142
Total liabilities and stockholders'
deficit $ 1,065,809 $ 5,523,455
------------ ------------
</TABLE>
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KAIRE HOLDINGS INCORPORATED and CLASSIC CARE
PRO FORMA Statement of Operations
As of June 30, 2000
<TABLE>
<CAPTION>
(Unaudited) (Unaudited)
1999 2000
----------- -----------
<S> <C> <C>
REVENUES
Products and Services $ 5,345,024 $ 2,891,827
Lease Rentals ___________ ___________
Total Revenue 5,345,024 2,891,827
Cost of Revenues 3,385,387 2,082,499
----------- -----------
Gross Profit 1,959,637 809,328
----------- -----------
Operating Expenses
Research and development 0 0
Selling, general and administrative 2,090,491 1,111,533
----------- -----------
Total Operating Expenses 2,090,491 1,111,533
----------- -----------
Loss from Operations (130,854) (302,204)
Interest Income (Expense) and Other (14,544)
Amortization (Proforma) (189,540) (94,770)
Interest expense - lease operations - -
Other Expense (235,000)
Other Income - 11,829
Net Losses on pending acquisition -
----------- -----------
Total interest expense and other (189,540) (332,485)
Loss before provision for state ----------- -----------
income tax (320,394) (634,689)
Provision for state income taxes 400 800
Net Loss $ (320,794) $ (635,489)
----------- -----------
Basic Loss per Share $(0.009) $(0.008)
Diluted Loss per Share $(0.006) $(0.008)
Weighted average shares outstanding Primary 51,751,627 76,694,180
Weighted average shares outstanding Diluted 75,486,485 77,974,705
</TABLE>
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