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): December 28, 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 File Number) Identification No.)
or organization)
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. The financial
statements for the periods from July 1 to July 31, 1998, August 1 to August
31, 1998, September to September 30, 1998, October 1 to October 31, 1998,
November 1, 1998 to November 30, 1998, and December 1 to December 31, 1998
(together the "Financial Statements") are attached as Exhibit 28.1 to 28.6
respectively, 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.
<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/Charles McLaughlin
Charles McLaughlin, Chairman of the
Board of Directors
Date: January 27, 1999
<PAGE>INDEX TO EXHIBITS
Exhibit No. Description of Exhibits
28.1 Unaudited financial statements Filed Herewith
of the Company for the period
from July 1 to July 31, 1998
28.2 Unaudited financial statements Filed Herewith
of the Company for the period
from August 1 to August 31, 1998
28.3 Unaudited financial statements Filed Herewith
of the Company for the period
from September 1 to September 30, 1998
28.4 Unaudited financial statements Filed Herewith
of the Company for the period
from October 1 to October 31, 1998
28.5 Unaudited financial statements Filed Herewith
of the Company for the period
from November 1 to November 30, 1998
28.6 Unaudited financial statements Filed Herewith
of the Company for the period
from December 1 to December 31, 1998
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
7/31/98
<CAPTION>
ASSETS
<S> <C> <C>
CURRENT ASSETS:
Cash 29,452.84
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS 0.00
INTERCOMPANY 0.00
TOTAL ASSETS 29,452.84
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S> <C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities 2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,143,229.67)
Total Stockholder's Equity (3,640,852.49)
TOTAL LIABILITIES & S/H EQUITY 29,452.84
</TABLE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
8/31/98
<CAPTION>
ASSETS
<S>
<C> <C>
CURRENT ASSETS:
Cash 29,452.84
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current
Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
29,452.84
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S>
<C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities
2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,143,229.67)
Total Stockholder's Equity
(3,640,852.49)
TOTAL LIABILITIES & S/H EQUITY 29,452.84
</TABLE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
9/30/98
<CAPTION>
ASSETS
<S>
<C> <C>
CURRENT ASSETS:
Cash 28,783.34
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current
Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
28,783.34
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S>
<C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities
2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,143,899.17)
Total Stockholder's Equity
(3,641,521.99)
TOTAL LIABILITIES & S/H EQUITY 28,783.34
</TABLE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
10/31/98
<CAPTION>
ASSETS
<S>
<C> <C>
CURRENT ASSETS:
Cash 28,472.34
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current
Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
28,472.34
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S>
<C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities
2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,144,210.17)
Total Stockholder's Equity
(3,641,832.99)
TOTAL LIABILITIES & S/H EQUITY 28,472.34
</TABLE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
11/30/98
<CAPTION>
ASSETS
<S>
<C> <C>
CURRENT ASSETS:
Cash 28,472.34
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current
Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
28,472.34
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S>
<C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities
2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,144,210.17)
Total Stockholder's Equity
(3,641,832.99)
TOTAL LIABILITIES & S/H EQUITY 28,472.34
</TABLE>
<TABLE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
12/31/98
<CAPTION>
ASSETS
<S>
<C> <C>
CURRENT ASSETS:
Cash 28,472.34
Trade Accounts Receivable 0.00
Reserve for Bad Debt 0.00
Inventories (Net) 0.00
Total Current
Assets 0.00
RENTAL EQUIPMENT (NET) 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
DEPOSITS
0.00
INTERCOMPANY
0.00
TOTAL ASSETS
28,472.34
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES
<S>
<C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 50,347.16
Accounts Payable 2,572,050.55
Accrued Liabilities 49,576.28
Total Current Liabilities
2,671,973.99
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 1,830,225.38
Common Stock Warrants/Options 668,104.40
Accumulated Deficit (6,144,210.17)
Total Stockholder's Equity
(3,641,832.99)
TOTAL LIABILITIES & S/H EQUITY 28,472.34
</TABLE>
