UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
|X| Quarterly report pursuant to section 13 or 15 (d) of the Securities
Exchange Act of 1934 for the quarterly period ended March 31, 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 0-24750
PROFESSIONAL SPORTS CARE MANAGEMENT, INC.
(Exact name of registrant as specified in its charter)
Delaware 22-3315575
------------------------------- -------------------
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
550 Mamaroneck Avenue, Suite 308, Harrison, New York 10528
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(Address of Principal Executive Offices)
(Zip Code)
(914) 777-2400
-------------------------
(Registrant's Telephone Number, Including Area Code)
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 last practicable date.
Class Outstanding at June 1, 1996
Common Stock, par value 7,774,500 shares
$.01 per share
<PAGE>
PROFESSIONAL SPORTS CARE MANAGEMENT, INC.
FORM 10-Q/A
TABLE OF CONTENTS
Page
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Part II - Other Information:
Item 6. Exhibits and Reports on Form 8-K 2
Signatures 2
-1-
<PAGE>
<PAGE>
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit
No.
- -------
27.1 - Financial Data Schedule
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.
Professional Sports Care Management, Inc.
(Registrant)
By /s/ Michael P. Neuscheler
Michael P. Neuscheler
Executive Vice President
and Chief Financial Officer
-2-
<PAGE>
<PAGE>
Index of Exhibits
Number Description Page
- ------ ----------- ----
27.1 Financial Data Schedule 4
-3-
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
Professional Sports Care Management, Inc. Form 10-Q for the period ended March
31, 1996 and is qualified in its entirety by reference to such financial
statements.
<S> <C>
<PERIOD-TYPE> 3-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-END> Mar-31-1996
<CASH> 7,931,000
<SECURITIES> 0
<RECEIVABLES> 8,805,000
<ALLOWANCES> 1,889,000
<INVENTORY> 0
<CURRENT-ASSETS> 15,506,000
<PP&E> 7,843,000
<DEPRECIATION> 2,254,000
<TOTAL-ASSETS> 53,185,000
<CURRENT-LIABILITIES> 4,983,000
<BONDS> 0
<COMMON> 78,000
0
0
<OTHER-SE> 42,379,000
<TOTAL-LIABILITY-AND-EQUITY> 53,185,000
<SALES> 9,290,000
<TOTAL-REVENUES> 9,290,000
<CGS> 5,911,000
<TOTAL-COSTS> 5,911,000
<OTHER-EXPENSES> 2,138,000
<LOSS-PROVISION> 171,000
<INTEREST-EXPENSE> 129,000
<INCOME-PRETAX> 941,000
<INCOME-TAX> 386,000
<INCOME-CONTINUING> 555,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 555,000
<EPS-PRIMARY> .07
<EPS-DILUTED> .07
</TABLE>
