|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: P-COM INC, 8-K, 1997-10-17 |
Next: RESMED INC, DEF 14A, 1997-10-17 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 1997
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 O-26262
U.S. BRIDGE OF N.Y., INC.
(Exact name of registrant as specified in its charter)
New York 11-3032277
(State or other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
53-09 97th Place, Corona, New York 11368
(Address of Principal Executive Offices) (Zip Code)
(718) 699-0100
(Registrant's Telephone Number, including area code)
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class Name of each exchange on which registered
NONE
Securities registered pursuant to Section 12(g) of
the Act:
Common Stock, $.001 par value
(Title of Class)
Common Stock Purchase Warrants
(Title of Class)
Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that 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 no disclosure of delinquent filers in response Item 405 of
Regulation S-B is not 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-K
or any amendment to this Form 10-K [ ].
The aggregate market value of the voting stock on September 30, 1997
(consisting of Common Stock, $.001 par value per share) held by non-affiliates
was approximately $2,590,336 based upon the average closing bid and asked prices
for such Common Stock on said date ($2.56), as reported by a market maker. On
such date, there were 2,302,515 shares of Registrant's Common Stock outstanding.
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, this 10th day of October, 1997.
U.S. BRIDGE OF N.Y., INC.
\s\ Joseph M. Polito
Joseph M. Polito, President
In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the Registrant and in the capacities and
on the dates indicated.
<TABLE>
<CAPTION>
<S> <C> <C>
\s\ Joseph M. Polito President and Director 10\10\97
Joseph M. Polito (Chief Executive Date
Officer)
\s\ Ronald J. Polito Secretary and Director 10\10\97
Ronald J. Polito Date
\s\ Steven J. Polito___ Treasurer 10\10\97
Steven J. Polito Date
\s\ Phillip Neilson___ Director 10\10\97
Phillip Neilson Date
\s\ Marvin Weinstein Director 10\10\97
Marvin Weinstein Date
</TABLE>
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Exhibit 27
U.S. Bridge of New York, Inc.
This schedule contains summary financial information extracted from
Balance Sheet, Statement of Operations, Statement of Cash Flows and Notes
thereto incorporated in Part I, Item 7 of this Form 10-KSB and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> jun-30-1997
<PERIOD-END> jun-30-1997
<CASH> 768,026
<SECURITIES> 0
<RECEIVABLES> 11,230,147
<ALLOWANCES> 2,287,000
<INVENTORY> 0
<CURRENT-ASSETS> 12,257,373
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 12,278,818
<CURRENT-LIABILITIES> 6,612,286
<BONDS> 0
0
0
<COMMON> 504,047
<OTHER-SE> 5,162,485
<TOTAL-LIABILITY-AND-EQUITY> 12,278,818
<SALES> 15,455,699
<TOTAL-REVENUES> 15,455,699
<CGS> 11,167,130
<TOTAL-COSTS> 11,167,130
<OTHER-EXPENSES> 3,629,309
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 43,341
<INCOME-PRETAX> 870,094
<INCOME-TAX> 267,629
<INCOME-CONTINUING> 602,465
<DISCONTINUED> 364,532
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 602,465
<EPS-PRIMARY> (0.30)
<EPS-DILUTED> (0.30)
</TABLE>
|
|