-----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, MdEqbjPNYQ8fi3GBIYc1qT414+SxFXRVWEUt/nxMTDYrjrItusCw1820QYhc7GPk 7lr7zdHEFx257z0G2VVs6Q== /in/edgar/work/20000531/0001095811-00-001620/0001095811-00-001620.txt : 20000919 0001095811-00-001620.hdr.sgml : 20000919 ACCESSION NUMBER: 0001095811-00-001620 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000331 FILED AS OF DATE: 20000531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACER TECHNOLOGY CENTRAL INDEX KEY: 0000275866 STANDARD INDUSTRIAL CLASSIFICATION: [2891 ] IRS NUMBER: 770080305 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 000-08864 FILM NUMBER: 647020 BUSINESS ADDRESS: STREET 1: 9420 SANTA ANITA AVE CITY: RANCHO CUCAMONGA STATE: CA ZIP: 91730-6117 BUSINESS PHONE: 9099870550 MAIL ADDRESS: STREET 2: 9420 SANTA ANITA AVE CITY: RACHO CUCAMONGA STATE: CA ZIP: 91730 FORMER COMPANY: FORMER CONFORMED NAME: PACER TECHNOLOGY & RESOURCES INC DATE OF NAME CHANGE: 19841203 10-Q/A 1 0001.txt AMENDMENT TO FORM 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2000 -------------------------------------- OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from _______________________ to___________________ Commission file number 0-8864 PACER TECHNOLOGY - -------------------------------------------------------------------------------- (Exact name of small business issuer as specified in its charter) CALIFORNIA 77-0080305 - --------------------------------- ---------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) 9420 Santa Anita Avenue, Rancho Cucamonga, California 91730-6117 - ----------------------------------------------------- ----------------------- (Address of principal executive offices) (Zip Code) (909) 987-0550 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed, since last year) 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 XX NO . -- -- APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. 16,675,475 shares of Common Stock at March 31, 2000 2 PACER TECHNOLOGY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (IN THOUSANDS)
Nine-Months Ended March 31, ------------------------- 2000 1999 -------- -------- Net Income (Loss) $ (558) $ 986 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation 415 485 Amortization of other assets 211 212 (Gain) Loss on sale of property and equipment (10) 11 Increase (decrease) in allowance for doubtful accounts (666) 401 (Increase) decrease in trade accounts receivable 1,401 (1,847) (Increase) decrease in other receivables (125) 32 Decrease in notes receivables 100 71 (Increase) decrease in inventories 927 (2,160) Decrease in prepaid expenses and other assets 157 11 Increase in deferred income taxes (91) -- Increase (decrease) in accounts payable 291 (240) Increase (decrease) in accrued payroll and related expenses (8) 165 Increase (decrease) in accrued expenses and other liabilities (621) 24 -------- -------- Net Cash Provided by (Used in) Operating Activities 1,423 (1,849) Cash Flows from Investing Activities: Proceeds from sale of property and equipment 38 -- Capital expenditures (246) (654) -------- -------- Net Cash Used in Investing Activities (208) (654) Cash Flows from Financing Activities: Payments on line of credit (13,618) (22,357) Payments on term loan (688) (1,049) Borrowings on long-term debt 13,002 25,911 Issuance of Common Stock 50 334 Repurchase of Common Stock (199) -- Repayment of Notes Receivables from Directors 47 64 -------- -------- Net Cash Provided by (Used in) Financing Activities (1,406) 2,903 Net increase (decrease) in cash (191) 400 Cash at beginning of period 534 277 -------- -------- Cash at End of Nine-Month Period $ 343 $ 677 ======== ========
See accompanying notes to condensed consolidated financial statements. 4 3 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized. PACER TECHNOLOGY Dated: May 30, 2000 By: /s/ TOM NIGHTINGALE III --------------------------------- Tom Nightingale III President/Chief Executive Officer Dated: May 30, 2000 By: /s/ LAURENCE HUFF --------------------------------- Laurence Huff Chief Financial Officer S-1 -----END PRIVACY-ENHANCED MESSAGE-----