United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-QSB/A
(Mark One)
[ ] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the Quarterly Period ended December 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 0-28920
Access Solutions International, Inc.
(Exact name of small business issuer as specified in its charter)
Delaware 05-0426298
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
650 Ten Rod Road
North Kingstown, RI 02852
(Address of principal executive offices)
(401) 295-2691
(Issuer's telephone number)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days. Yes X No __
The number of shares of the issuer's Common Stock, $.01 per value, outstanding
as of February 15, 1997 was 3,963,940.
<PAGE>
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits
10.1 Letter agreement dated January 28, 1997, amending the Employment
Agreement dated September 1995, between the Company and Matthias
E. Lukens, Jr.
10.2 Letter of intent dated January 2, 1997, between the Company and
PaperClip Software, Inc.
10.3 Letter agreement dated January 31, 1997, amending the letter of
intent between the Company and PaperClip Software, Inc. dated
January 2, 1997.
10.4 $300,000 Convertible Promissory Note dated January 29, 1997,
issued by PaperClip Software, Inc. to the Company.
10.5 Registration Rights Agreement dated January 29,1 997, between the
Company and PaperClip Software, Inc.
27. Financial Data Schedule
(b) Reports on Form 8-K
None
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the issuer
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Access Solutions International, Inc.
/s/Robert H. Stone
Dated: February 14, 1997 ------------------------------------
Robert H. Stone
President and CEO
/s/Denis L. Marchand
Dated: February 14, 1997 ------------------------------------
Denis L. Marchand
Corporate Controller and
Chief Accounting Officer
(Principal Accounting Officer)
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<CIK> 0000875385
<NAME> Access Solutions International, Inc.
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<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jun-30-1996
<PERIOD-START> Jul-01-1996
<PERIOD-END> Dec-31-1996
<EXCHANGE-RATE> 1
<CASH> 4,136,584
<SECURITIES> 0
<RECEIVABLES> 351,930
<ALLOWANCES> 38,637
<INVENTORY> 529,158
<CURRENT-ASSETS> 5,185,995
<PP&E> 1,123,093
<DEPRECIATION> 803,739
<TOTAL-ASSETS> 5,577,562
<CURRENT-LIABILITIES> 889,677
<BONDS> 0
0
0
<COMMON> 39,652
<OTHER-SE> 4,628,574
<TOTAL-LIABILITY-AND-EQUITY> 5,577,562
<SALES> 584,486
<TOTAL-REVENUES> 584,486
<CGS> 169,517
<TOTAL-COSTS> 169,517
<OTHER-EXPENSES> 2,097,492
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 52,102
<INCOME-PRETAX> (1,734,625)
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<INCOME-CONTINUING> (1,734,625)
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