U. S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 10QSB/A
AMENDMENT #1
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [No Fee Required]
For the period ended August 31, 1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [No Fee Required]
For the transition period from . . . . . . . . . . .
Commission file number 1-12556
TOWER TECH, INC.
(Name of small business issuer in its charter)
Oklahoma 73-1210013
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Rural Route 3, Post Office Box 1838, Chickasha, Oklahoma 73023
(Address of principal executive offices) (Zip Code)
Issuers telephone number 405/222-2876
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
(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDING DURING THE PAST FIVE YEARS)
Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes No
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practical date. Common Stock $.001 par value
3,364,759 shares as of October 10, 1996
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TOWER TECH, INC.
NOTE TO AMENDMENT #1
This amendment is filed to correct the statement of operations for the nine
months ended August 31, 1996, for the omission of dividends on preferred shares
of $62,812 and net income per common share-- primary and net income per common
share -- assuming full dilution.
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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 thereunto duly authorized.
TOWER TECH, INC.
(Registrant)
Date: January 22, 1997 ss/HAROLD CURTIS
-------------------------------------------
Harold Curtis, Chief Executive Officer
Date: October 11, 1996 ss/CHARLES D.WHITSITT
-------------------------------------------
Charles D.Whitsitt, Chief Financial Officer
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TOWER TECH, INC.
STATEMENT OF OPERATIONS (UNAUDITED)
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<CAPTION>
Nine Months Ended
August 31, August 31,
<S> <C> <C>
1996 1995
Sales and other operating revenue:
Tower sales .............................. $ 8,596,077 $ 5,749,360
Concrete tower ........................... 4,128,828 480,847
Tower rentals ............................ 486,737 835,885
Other tower revenue ...................... 506,121 254,894
------------ ------------
Total tower revenue ................. 13,717,763 7,320,986
Other operating revenue .................. 589,983 --
------------ ------------
Total Revenue .................................. 14,307,746 7,320,986
------------ ------------
Costs and expenses:
Cost of goods sold and constructed ....... 10,940,165 6,224,524
General and administrative ............... 1,097,399 995,353
Selling expenses ......................... 718,757 417,168
Research and development ................. 251,579 58,492
------------ ------------
13,007,900 7,695,537
------------ ------------
Income (loss) from operations ............ 1,299,846 (374,551)
------------ ------------
Other income (expense):
Interest, net ............................ (333,300) (261,958)
Miscellaneous ............................ 59,798 25,030
------------ ------------
(273,502) (236,928)
------------ ------------
Income (loss) before income taxes .............. 1,026,344 (611,479)
Income taxes ................................... -- --
Net income (loss) .............................. 1,026,344 (611,479)
Less dividends on preferred shares ............. (62,812) (120,217)
------------ ------------
Net income (loss) applicable to common shares .. $ 963,532 $ (731,696)
------------ ------------
Weighted average shares outstanding-primary .... 3,150,373 2,428,572
------------ ------------
Net income (loss) per common share-primary ..... $ .31 $ (.30)
------------ ------------
Weighted average shares outstanding-
assuming full dilution ................... 3,240,797 2,428,572
------------ ------------
Net income (loss) per common share-
assuming full dilution ................... $ .30 $ (.30)
------------ ------------
The accompanying notes are an integral part of these financial statements.
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