SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
AMENDMENT NO. 2
[X] Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of
1934
For the Fiscal Year Ended June 30, 1995
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 0-17190
WASATCH EDUCATION SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
UTAH 87-0458433
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5250 South 300 West, Suite 101
Salt Lake City, Utah 84107
(Address of principal executive offices and zip code)
(801) 261-1001
(Registrant's telephone number, including area code)
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.
X yes no
Indicate by checkmark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-KSB is not contained herein, and will not 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
Based on the average of the bid and asked quotations as of September 30, 1995
the aggregate market value of the voting stock held by non-affiliates of the
Registrant was $446,154. (For this calculation "affiliate" is defined as an
officer, director or over 5 percent shareholder.) The number of shares
outstanding of the Registrant's common stock, no par value, was 3,569,229 as
of September 30, 1995.
DOCUMENTS INCORPORATED BY REFERENCE: None
<PAGE>
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.
WASATCH EDUCATION SYSTEMS CORPORATION
/s/Ralph J. Brown November 21, 1995
Ralph J. Brown, Date
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Balance sheet and Income Statement dated June 30, 1995 on Form 10-KSB,
and is qualified in its entirety by reference to such Form 10-KSB dated
June 30, 1995.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<CASH> 76,151
<SECURITIES> 0
<RECEIVABLES> 1,683,184
<ALLOWANCES> 15,000
<INVENTORY> 75,187
<CURRENT-ASSETS> 1,867,698
<PP&E> 942,907
<DEPRECIATION> 659,211
<TOTAL-ASSETS> 6,601,118
<CURRENT-LIABILITIES> 1,237,061
<BONDS> 0
<COMMON> 11,744,072
0
10,084,220
<OTHER-SE> (17,661,235)
<TOTAL-LIABILITY-AND-EQUITY> 6,601,118
<SALES> 5,475,181
<TOTAL-REVENUES> 5,475,181
<CGS> 1,793,188
<TOTAL-COSTS> 1,793,188
<OTHER-EXPENSES> 309,358
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 755,761
<INCOME-PRETAX> 201,447
<INCOME-TAX> 4,029
<INCOME-CONTINUING> 197,418
<DISCONTINUED> 0
<EXTRAORDINARY> (1,021,238)
<CHANGES> 0
<NET-INCOME> 1,218,656
<EPS-PRIMARY> .19
<EPS-DILUTED> .12
</TABLE>
