<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A NO. 1
(Mark One)
[ ] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended _______________
[ X ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [No fee required]
For the transition period from January 1, 1996 to March 31, 1996
Amending Item 13
Commission file number 0-26202
CZECH INDUSTRIES, INC.
(Name of small business issuer in its charter)
Delaware 52-1807562
-------- ----------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
15245 Shady Grove Road (301) 527-1110
Suite 340, Rockville, MD 20850 --------------
------------------------------ Issuer's telephone number
(Address of principal executive
offices)
Securities registered under Section 12(b) of the Exchange Act: None.
Securities registered under Section 12(g) of the Exchange Act:
COMMON STOCK
CLASS A WARRANTS
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes [X] No [ ]
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X ]
The issuer's revenue for the most recent fiscal year is $399,218.
The aggregate market value of the Common stock held by non-affiliates computed
by reference to the average bid and asked prices of such stock on May 31, 1996
was approximately $16,444,818.
As of June 1, 1996, the Registrant had 8,905,000 shares of Common Stock, par
value $0.01, issued and outstanding.
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Transitional Small Business Disclosure Format (Check One): Yes No X
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The 10-KSB for the transition period from January 1, 1996 to March 31, 1996
is being amended to include Exhibit 27, Financial Data Schedule
(electronic filing only).
ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits required by Item 601 of Regulation S-B.
------------------------------------------------
Exhibit No. Exhibit
- ----------- -------
(3)(i),(ii) Articles of Incorporation and Bylaws, as amended, incorporated by
reference from Form 10-QSB, for the quarter ended March 31, 1995.
(4)(i) Specimen Copy of Common Stock Certificate, Form of Class A
Warrant Agreement, Form of Class B Warrant Agreement, and Form of
Warrant Agreement are each incorporated by reference from Form
S-1 Registration Statement, No. 33-89544.
(ii) Underwriter's Unit Purchase Option, incorporated by reference
from Form 10-KSB, for the year ended December 31, 1995.
(10)(i) Employment Agreements, Michael Sumichrast, Ph.D., Petr Bednarik,
Ing., and Martin A. Sumichrast, dated February 1995, are each
incorporated by reference from Form S-1, Registration Statement,
No. 33-89544.
(ii) Underwriting Agreement, incorporated by reference from Form
S-1 Registration Statement, No. 33-89544.
(21) Subsidiaries of the Registrant, incorporated by reference
from Form 10-KSB, for the year ended December 31, 1995.
(27) Financial Data Schedule (Electronic Filing Only).
(b) Reports on Form 8-K.
--------------------
On May 7, 1996, the Company filed a report on Form 8-K dated April 22, 1996
reporting under Item 1. On May 14, 1996, the Company filed a Form 8-K/A
amending this report.
On May 14, 1996, the Company filed a report on Form 8-K dated May 13, 1996
reporting under Item 8.
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SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused in this report to be signed on its behalf by the undersigned, thereunto
duly authorized
(Registrant) Czech Industries, Inc.
-------------------------------------------------
By (Signature and Title) Dr. Michael Sumichrast Date 8/27/96
----------------------------------
Dr. Michael Sumichrast
Chairman of the Board
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<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 5,190,586
<SECURITIES> 0
<RECEIVABLES> 325,942
<ALLOWANCES> 0
<INVENTORY> 29,935
<CURRENT-ASSETS> 7,399,604
<PP&E> 19,170,044
<DEPRECIATION> 604,374
<TOTAL-ASSETS> 26,251,364
<CURRENT-LIABILITIES> 182,049
<BONDS> 2,026,432
0
0
<COMMON> 89,050
<OTHER-SE> 14,600,605
<TOTAL-LIABILITY-AND-EQUITY> 26,251,364
<SALES> 0
<TOTAL-REVENUES> 399,218
<CGS> 0
<TOTAL-COSTS> 253,165
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 45,595
<INCOME-PRETAX> 100,458
<INCOME-TAX> 0
<INCOME-CONTINUING> 100,458
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 100,458
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
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