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): April 9, 1998
THC HOMECARE, INC.
(Exact name of registrant as specified in its charter)
Utah 1-11534
48-1092064
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
3261 S. Highland Drive, Suite 613, Las Vegas, Nevada
89109
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (702) 796-1016
<PAGE>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 October 1 to October 31, 1997, (together the
"Financial Statements") are attached hereto as Exhibit 28.1 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.
<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 hereunto duly authorized.
THC HOMECARE, INC.
By: /s/ Robert Rackham
Robert Rackham, CEO
Date: April 21, 1998
<PAGE>INDEX TO EXHIBITS
Exhibit No. Description of Exhibits
28.1 Unaudited financial statements of the Company (filed
herewith)
for the period from October 1 to October 31, 1997, as
filed with the Bankruptcy Court on April 9, 1998
<PAGE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE
SHEET
OCT. 31,
1997
<CAPTION>
ASSETS
<S> <C>
<C>
CURRENT ASSETS:
Cash 1,170,616.84
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Curr Portion Note Receivable 0.00
Prepaid Expense 0.00
Total Current Assets
1,170,616.84
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
NOTE RECEIVABLE, less curr por
0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
1,170,616.84
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY
<S> <C>
<C>
CURRENT LIABILITIES:
Current Portion L/T Debt 377,179.11
Curr Portn L/T Debt Rel Prty 57,244.16
Accounts Payable 2,745,142.63
Accrued Liabilities 254,576.28
Total Current Liabilities
3,434,142.18
LONG - TERM DEBT, Net of Current 817,818.13
LONG-TERM DEBT RELATED PARTY 131,463.21
OTHER LIABILITIES
49,050.00
<PAGE>
STOCKHOLDER'S EQUITY:
Common
Stock 4,047.40
Additional Paid-In Capital
1,830,225.38
Common Stock Warrants/Optns 668,104.40
Accumulated Deficit
(5,764,233.86)
Total Stockholder's Equity
(3,261,856.68)
TOTAL LIABILITIES & S/H EQUITY 1,170,616.84
</TABLE>
