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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 10-QSB/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED NOVEMBER 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________.
Commission File Number 0-23138
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AMERICAN CINEMASTORES, INC.
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(Exact name of registrant as specified in its charter)
California 95-4374952
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
7330 Varna Avenue
North Hollywood, California 91605
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 818-764-8044
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Indicate by check mark whether the registrant (1) has filed all reports to be
filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 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
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The number of shares of common stock outstanding as of November 30, 1996:
6,942,638
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AMERICAN CINEMASTORES, INC.
FORM 10-QSB/A
PART I FINANCIAL STATEMENTS
ITEM 1 - FINANCIAL INFORMATION
AMERICAN CINEMASTORES, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
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NOVEMBER 30, NOVEMBER 30,
1996 1995
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ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 175,120 $ 198,016
Marketable securities - 1,398,951
Accounts receivable, net (Note 7) 442,079 348,092
Notes receivable (Note 8) 100,543 -
Inventory 410,557 369,183
Prepaid and other 800 18,384
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TOTAL CURRENT ASSETS 1,129,099 2,332,626
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PROPERTY AND EQUIPMENT
Office furnishings and equipment 225,655 151,307
Automobiles 17,326 17,326
Leasehold improvements - 5,338
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242,981 173,971
Less accumulated depreciation
and amortization 88,602 48,137
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PROPERTY AND EQUIPMENT, NET 154,379 125,834
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DEPOSITS 3,000 25,207
PRODUCT LICENSES - 15,000
GOODWILL 266,282 -
DEFERRED ACQUISITION COSTS 449,888 -
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TOTAL ASSETS $ 2,002,648 $ 2,494,872
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SEE ACCOMPANYING SUMMARY OF ACCOUNTING POLICIES AND NOTES TO FINANCIAL
STATEMENTS
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AMERICAN CINEMASTORES, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
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NOVEMBER 30, NOVEMBER 30,
1996 1995
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LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)
CURRENT LIABILITIES
Accounts payable and
accrued expenses $ 663,920 $ 225,744
Short term loan (Note 9) 100,000 -
Deferred Revenue 56,898 -
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TOTAL CURRENT LIABILITIES 820,818 225,744
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COMMITMENTS AND CONTINGENCY
(Note 4)
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STOCKHOLDERS' EQUITY
(Notes 1,2, and 3)
Preferred stock, $.01 par value
5,000,000 shares authorized,
500 shares issued 5 -
Common stock: $.001 par value
15,000,000 shares authorized,
6,942,638 issued and outstanding
at November 30,1996 and November 30,1995 6,942 6,892
Additional paid-in capital 7,800,832 7,103,552
Accumulated deficit (6,625,949) (4,841,316)
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Total stockholders' equity 1,181,830 2,269,128
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Total liabilities and
stockholders' equity $ 2,002,648 $ 2,494,872
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SEE ACCOMPANYING SUMMARY OF ACCOUNTING POLICIES AND NOTES TO FINANCIAL
STATEMENTS
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Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
AMERICAN CINEMASTORES, INC.
By By /s/ Christopher J. Ebert
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Steve Natale, Christopher J. Ebert
Chairman of The Board, and Chief Financial Officer, Director
Chief Operating Officer (Principal Financial Officer)
Secretary
