UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K-SB/A
Amendment No. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended April 26, 1997
International Cutlery, Ltd.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 13-3796781
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
127 West 25th Street
New York, New York 10001
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(212) 924-7300 (Registrant's telephone number, including area code)
- --------------
Securities registered pursuant to Section 12(g) of the Act:
Title of each class Name of exchange or which registered
- ------------------- ------------------------------------
Common Stock, Par Value $0.01 OTC Bulletin Board
Class A Redeemable Common Stock Purchase
Warrant OTC Bulletin Board
Class B Redeemable Common Stock Purchase
Warrant OTC Bulletin Board
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $0.01 per share
---------------------------------------
Class A Redeemable Common Stock Purchase Warrant
Class B Redeemable Common Stock Purchase Warrant
(Title of Class)
1
<PAGE>
WE ARE HEREBY FILING AMENDMENT NO. 1 TO FORM 10-KSB THE FINANCIAL DATA SCHEDULE
EXHIBIT 27 WHICH WAS INADVERTENTLY LEFT OFF THE INITIAL FILING.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Registrant has duly caused this Amendment to be filed
in accordance with Rule 12b-15 of the Securities and Exchange Act of 1934, to be
signed on its behalf by the undersigned thereunto duly authorized in the City of
New York and State of New York on the 12th day of August, 1997.
International Cutlery, Inc.
By: /s/ Joel Silver
-----------------------------
Joel Silver
Chairman and Chief
Executive Officer
20
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<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-26-1997
<PERIOD-END> APR-26-1997
<CASH> 46,264
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 1,110,986
<CURRENT-ASSETS> 1,159,543
<PP&E> 1,400,214
<DEPRECIATION> (212,464)
<TOTAL-ASSETS> 2,396,781
<CURRENT-LIABILITIES> 1,358,105
<BONDS> 0
0
0
<COMMON> 39,392
<OTHER-SE> 999,284
<TOTAL-LIABILITY-AND-EQUITY> 2,396,781
<SALES> 2,469,958
<TOTAL-REVENUES> 2,469,958
<CGS> 1,032,907
<TOTAL-COSTS> 1,032,907
<OTHER-EXPENSES> 3,724,709
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 83,254
<INCOME-PRETAX> (2,266,745)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,266,745)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,266,745)
<EPS-PRIMARY> (.58)
<EPS-DILUTED> (.58)
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