FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 16,1997
THC HOMECARE, INC.
(Exact name of registrant as specified in its charter)
Utah 1-11534 48-1092064
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation or
organization)
3261 S. Highland Drive, Suite 613, Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 796-1016
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(Former name and former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
Monthly Financial Information. The Company is required to
file unaudited monthly financial statements with the Bankruptcy
Court. Such financial statements for the period from June 1 to
June 31, 1997, (the "Financial Statements") are attached hereto as
Exhibit 28.1 and are incorporated herein by reference. The
Financial Statements are filed with the Bankruptcy Court on a
limited informational basis, are unaudited, and do not include all
of the information and disclosures required by generally accepted
accounting principles for complete financial statements. The
results of operations for the Financial Statements are not
necessarily indicative of results of operations for a full year.
Item 7. Financial Statements and Exhibits
Exhibits
See the Index to Exhibits which is incorporated herein by
reference.
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 hereunto duly
authorized.
THC HOMECARE, INC.
By: /s/ Robert Rackham
Robert Rackham, CEO
Date: December 9, 1997
Exhibit No. Description of Exhibits
28.1 Unaudited financial statements of the Filed
Company for the period from June 1 to Herewith
June 31, 1997, as filed with the
Bankruptcy Court on November , 1997
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
JUNE 30 1997
<CAPTION>
ASSETS
<S> <C> <C>
CURRENT ASSETS:
Cash 786,360.26
Trade Accounts Receivable 2,541,834.15
Inventories (Net) 542,940.02
Curr Portion Note Receivable 56,908.20
Curr Prtn N/R Related Party 16,878.00
Prepaid Expenses 60,162.79
Total Current Assets 4,005,083.42
RENTAL EQUIPMENT 1,189,996.21
PROPERTY AND EQUIPMENT (NET) 421,380.38
NOTE RECEIVABLE, less cur por 101,949.06
NOTES RECEIVABLE RELATED PARTY 21,768.00
GOODWILL 1,100,159.85
DEPOSITS 137,421.44
INTERCOMPANY (0.00)
TOTAL ASSETS 6,977,758.36
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT
LIABILITIES:
<S> <C> <C>
Current Portion L/T Debt 2,176,092.48
Current Portion L/T Debt 2 283,564.32
Curr Portn L/T Debt Rel Prty 57,244.16
Accounts Payable 2,745,142.63
Accrued Liabilities 547,403.40
Total Current Liabilities 5,809,446.99
LONG-TERM DEBT, Net of Current 817,818.13
LONG-TERM DEBT RELATED PARTY 131,463.21
OTHER LIABILITIES 49,050.00
STOCKHOLDER'S EQUITY
Common Stock 4,047.40
Additional Paid-In Capital 6,497,329.29
Common Stock Warrants/Optns 668,104.40
Accumulated Deficit (6,999,501.06)
Total Stockholders's
Equity 169,980.03
TOTAL LIABILITIES & S/H EQUITY 6,977,758.36
</TABLE>
