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Previous: CRESCENT REAL ESTATE EQUITIES INC, 10-K405/A, 1997-05-16 |
Next: JPS AUTOMOTIVE PRODUCTS CORP, 10-Q, 1997-05-16 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934: For the Quarterly Period Ended March 31, 1997
Commission File Number 1-13012
H.E.R.C. PRODUCTS INCORPORATED
State of Incorporation: Delaware IRS Employer Identification Number: 86-0570800
2202 W Lone Cactus Drive #15
Phoenix, Arizona 85027
(602) 492-0336
Indicate by check mark whether the registrant (1) has filed all reports required
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
------- -------
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Outstanding at
--------------
Class May 7, 1997
----- -----------
Common Stock, $.01 par value 8,080,579
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Quarterly Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
H.E.R.C. PRODUCTS INCORPORATED
(Registrant)
Date: May 16, 1997 By /s/ S. Steven Carl
--------------------------
S. Steven Carl
Chief Executive Officer
By /s/ John P. Johnson
--------------------------
John P. Johnson
Chief Financial Officer
12
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<EXCHANGE-RATE> 1
<CASH> 764,749
<SECURITIES> 0
<RECEIVABLES> 470,066
<ALLOWANCES> 28,621
<INVENTORY> 683,078
<CURRENT-ASSETS> 2,030,845
<PP&E> 656,085
<DEPRECIATION> 163,575
<TOTAL-ASSETS> 4,597,530
<CURRENT-LIABILITIES> 927,895
<BONDS> 0
0
597,398
<COMMON> 72,988
<OTHER-SE> 2,980,783
<TOTAL-LIABILITY-AND-EQUITY> 4,597,530
<SALES> 1,094,067
<TOTAL-REVENUES> 1,094,067
<CGS> 707,690
<TOTAL-COSTS> 1,251,698
<OTHER-EXPENSES> (17,450)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,005
<INCOME-PRETAX> (850,876)
<INCOME-TAX> 0
<INCOME-CONTINUING> (850,876)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (850,876)
<EPS-PRIMARY> (0.14)
<EPS-DILUTED> (0.14)
</TABLE>
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