Bodd; on AMPD post; link didn't work; here's latest SEC filing:
PART 1 - FINANCIAL INFORMATIONItem 1. Financial Statements
AMPLIDYNE, INC.
BALANCE SHEETS
ASSETS
December 31, June 30,
1998 * 1999
---------- ----------
(Unaudited)
CURRENT ASSETS
Cash and cash equivalents $ 427,510 $ 885,717
Accounts receivable, net of allowance
for doubtful accounts of $86,000 440,516 514,790
Inventories 558,685 801,268
Prepaid expenses and other current assets 14,206 8,044
---------- ----------
Total current assets 1,440,917 2,209,819
---------- ----------
PROPERTY AND EQUIPMENT - AT COST
Machinery and equipment 540,116 549,826
Furniture and fixtures 43,750 43,750
Autos and trucks 61,183 61,183
Leasehold improvements 4,162 4,162
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649,211 658,921
Less: Accumulated depreciation and amortization 342,052 400,099
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Net depreciated cost 307,159 258,822
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OTHER ASSETS 35,000 67,949
---------- ----------
TOTAL ASSETS $1,783,076 $2,536,590
========== ==========
* Derived from Company's audited Balance Sheet at December 31, 1998
The accompanying notes are an integral part of these financial statements
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AMPLIDYNE, INC.
BALANCE SHEETS
LIABILITIES AND STOCKHOLDERS' EQUITY
December 31, June 30,
1998 * 1999
------------ ------------
(Unaudited)
CURRENT LIABILITIES
Current maturities of lease obligations $ 70,311 $ 15,533
Accounts payable 220,991 204,019
Accrued expenses 255,439 123,522
Deferred compensation 27,100 --
Stockholders' loan 5,051 --
------------ ------------
Total current liabilities 578,892 343,074
LONG-TERM LIABILITIES
Lease obligations 36,933 26,434
------------ ------------
TOTAL LIABILITIES 615,825 369,508
------------ ------------
STOCKHOLDERS' EQUITY
Preferred stock - authorized, 1,000,000 shares of $.0001 par value; 0 shares
and 50,000 shares
outstanding at December 31, 1998 and June 30, 1999 -- 5
Common stock - authorized, 25,000,000 shares
of $.0001 par value; 4,703,333 shares and 5,770,007 shares issued and
outstanding at December 31, 1998 and June 30, 1999,
respectively 470 577
Additional paid-in-capital 12,735,817 14,520,825
Accumulated deficit (11,569,036) (12,354,325)
------------ ------------
Total stockholders' equity 1,167,251 2,167,082
------------ ------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 1,783,076 $ 2,536,590
============ ============
* Derived from Company's audited Balance Sheet at December 31, 1998
The accompanying notes are an integral part of these financial statements |
