SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K/A
AMENDMENT TO APPLICATION OR REPORT
FILED PURSUANT TO SECTION 12, 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Spatialight, Inc.
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(Exact name of registrant as specified in charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Current Report dated July 10, 1996
on Form 8-K as set forth in the pages attached hereto:
Item 7.b. Pro forma Financial Information.
Filed herewith is the revised pro forma condensed balance sheet of
the Company as of May 31, 1996, to reflect the effect, pro forma, of
the net investment in the Company.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
Spatialight, Inc.
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(Registrant)
Dated: July 25, 1996 By: /s/ Alan S. Lockwood
_________________________
Alan S. Lockwood
Secretary
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SPATIALIGHT, INC. AND SUBSIDIARIES
Pro Forma Condensed Consolidated Balance Sheet with the Effects of the
Equity Investment (Unaudited)
The pro forma condensed consolidated balance sheet was prepared giving effect
to the equity investment, net of estimated costs, as if such transaction
occurred as of May 31, 1996. The financial data does not purport to represent
what the Company's financial position would have actually been if the
transaction, in fact, had occurred on such date or to project the Company's
financial position for any future date.
<TABLE><CAPTION>
Adjustment Pro Forma
for the At
At May 31, Equity May 31,
1996 Investment 1996
ASSETS (A)
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<S> <C> <C> <C>
Current assets:
Cash and cash equivalents $ 390,012 $ 1,995,000 $ 2,385,012
Accounts receivable 81,755 81,755
Note receivable - current 43,003 43,003
Prepaid expenses and other 45,251 45,251
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Total current assets 560,021 1,995,000 2,555,021
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Property and equipment, net 44,486 44,486
Note receivable - noncurrent 206,997 206,997
Other assets 22,272 22,272
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Total assets $ 833,776 $ 1,995,000 $ 2,828,776
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
Accrued expenses and other current liabilities $ 104,556 $ 104,556
Deferred revenue 50,000 50,000
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Total current liabilities 154,556 154,556
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Stockholders' equity:
Common stock, $.01 par value 63,532 $ 20,000 83,532
Additional paid-in capital 9,855,602 1,975,000 11,380,602
Accumulated deficit (9,239,914) (9,239,914)
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Total stockholders' equity 679,220 1,995,000 2,694,220
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Total liabilities and stockholders' equity $ 833,776 $ 1,995,000 $ 2,828,776
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</TABLE>
(A) Adjustment reflects the $2,250,000 proceeds from the sale of 2,000,000
shares of $.01 par value common stock for $1.125 per share less estimates for
costs for consummation of the agreement and sale and registration of the shares.
