-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jry4ezZsjY2ykWvNnce8uTNLpDcbvAeHIiwFX6g2wdFGsKOAO6A9Gl2MTCpbY6hI hOuNjcpPDPBpZIjn76XBbw== 0001050234-00-000033.txt : 20000428 0001050234-00-000033.hdr.sgml : 20000428 ACCESSION NUMBER: 0001050234-00-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000315 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLD WIRELESS COMMUNICATIONS INC CENTRAL INDEX KEY: 0001031744 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-15837 FILM NUMBER: 610473 BUSINESS ADDRESS: STREET 1: 150 WRIGHT BROS DR STREET 2: # 570 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 BUSINESS PHONE: 8015756600 MAIL ADDRESS: STREET 1: 150 WRIGHT BROTHERS DR SUITE 570 CITY: SALT LAKE CITY STATE: UT ZIP: 84116 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 27, 2000 WORLD WIRELESS COMMUNICATIONS, INC. ------------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada ---------------------------------------------- (State or other jurisdiction of incorporation) 333-38567 87-0549700 ------------------------ ----------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) 5670 Greenwood Plaza Boulevard, Suite 340, Englewood, Colorado 80111 ----------------------------------------------------------------------- (Address of principal executive office) 303-221-1944 --------------------------------------------------- (Registrant's telephone number, including area code) Item 1. Change in Control of Registrant None. Item 2. Acquisition or Disposition of Assets None. Item 3. Bankruptcy or Receivership None. Item 4. Change in Registrant's Certifying Accountant None. Item 5. Other Events World Wireless Communications, Inc., a Nevada corporation (the "Reporting Person"), is filing pursuant to this Form 8-K the unaudited condensed consolidated balance sheet of the Reporting Person as of March 31, 2000 in connection with the Reporting Person's application to list its shares of common stock for trading on the American Stock Exchange. During the first quarter of 2000, the Reporting Person raised gross proceeds of $13,646,000 from the sale of 4,518,667 shares of its common stock to 45 accredited investors in a private placement transaction exempt from registration under the Securities Act of 1933, as amended. Item 6. Registration of Registrant's Directors None. Item 7. Financial Statements and Exhibits The unaudited condensed consolidated balance sheets of the Reporting Person as of March 31, 2000 are included as an exhibit hereinafter. Such balance sheets should be read in conjunction with the audited financial statements and notes thereto included in the annual report on Form 10-K filed for the period ended December 31, 1999 which is hereby incorporated herein by reference. Item 8. Changes in Fiscal Year None. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Reporting Person has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized: WORLD WIRELESS COMMUNICATIONS, INC. By: /S/ David D. Singer -------------------------------- David D. Singer, President EXHIBIT INDEX SEQUENTIAL EXHIBIT NO. DESCRIPTION OF EXHIBIT PAGE NO. ----------- ------------------------------- ---------- 99.1 Unaudited condensed consolidated 4 balance sheet of the Reporting person as of March 31, 2000. EX-99 2 EXHIBIT N0. 99.1 WORLD WIRELESS COMMUNICATIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
March 31, December 31, 2000 1999 ------------ ----------- ASSETS Current Assets Cash and cash equivalents $ 8,886,709 $ 893,849 Investment in securities available-for-sale 195,605 130,403 Trade receivables, net of allowance for doubtful accounts 440,726 723,355 Other receivables 58,052 584 Inventory 53,196 201,815 Prepaid expenses 65,180 10,924 ----------- ----------- Total Current Assets 9,699,468 1,960,930 ----------- ----------- Equipment, net of accumulated depreciation and impairments 121,024 192,252 ----------- ----------- Goodwill, net of accumulated amortization 342,860 385,718 ----------- ----------- Other Assets, net of accumulated amortization 51,051 39,314 ----------- ----------- Total Assets $10,214,403 $ 2,578,214 =========== =========== (Continued)
1 WORLD WIRELESS COMMUNICATIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (UNAUDITED)
March 31, December 31, 2000 1999 ------------ ----------- LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Trade accounts payable $ 312,466 $ 547,978 Accrued liabilities 378,423 338,112 Accrued lease obligation on abandoned office and manufacturing facility 1,674,364 1,756,924 Notes payable 43,333 3,324,827 Obligation under capital leases - current portion 86,775 119,226 ------------ ----------- Total Current Liabilities 2,495,361 6,087,067 ------------ ----------- Long-Term Obligation Under Capital Leases 17,394 84,968 ------------ ----------- Mandatorily Redeemable 10% Preferred Stock, $0.001 par value; 1,000,000 shares authorized; 950 shares designated mandatorily redeemable; 0 and 950 shares issued and outstanding; liquidation preference of $1,000,658 - 950,000 ------------ ----------- Stockholders' Equity (Deficit) Common stock - $0.001 par value; 50,000,000 shares authorized; issued and outstanding: 30,517,049 shares at March 31, 2000 and 21,250,015 shares at December 31, 1999 30,516 21,250 Additional paid-in capital 48,672,406 35,242,864 Unrealized gain on marketable equity securities 120,605 55,403 Unearned compensation (48,294) (48,294) Receivable from shareholder (66,828) (66,828) Accumulated deficit (41,006,757) (39,684,707) ------------ ----------- Total Stockholders' Equity (Deficit) 7,701,648 (4,480,312) ------------ ----------- Total Liabilities and Stockholders' Equity $ 10,214,403 $ 2,578,214 ============ ===========
2 WORLD WIRELESS COMMUNICATIONS, INC. NOTE TO CONDENSED CONSOLIDATED BALANCE SHEETS The accompanying condensed consolidated balance sheets are prepared by the Company without review or audit by the Company's independent certified public accountants. Certain information and note disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These condensed consolidated balance sheets should be read in conjunction with the audited financial statements and notes thereto included in the annual report on Form 10-K filed for the period ended December 31, 1999. 3 -----END PRIVACY-ENHANCED MESSAGE-----