-----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, LYoVbKzHhGpvejnS3yS1XFUfzDlPOHXl7PVKC5scYiWcAVRPeJbSGFnehP0j17q7 XlfFSJvF0isaBv2+hnQW/w== 0000317340-96-000015.txt : 19960819 0000317340-96-000015.hdr.sgml : 19960819 ACCESSION NUMBER: 0000317340-96-000015 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960331 FILED AS OF DATE: 19960816 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIKROS SYSTEMS CORP CENTRAL INDEX KEY: 0000317340 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 141598200 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-14801 FILM NUMBER: 96616742 BUSINESS ADDRESS: STREET 1: 3490 U S RTE 1 CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 6099871513 MAIL ADDRESS: STREET 2: 3490 U S ROUTE 1 BLDG 5 CITY: PRINCETON STATE: NJ ZIP: 08540 10-Q/A 1 MIKROS SYSTEMS CORPORATION 3490 U.S. Route #1, Bldg. #5 Princeton, NJ 08540 (609) 987-1513 June 26, 1996 SECURITIES AND EXCHANGE COMMISSION 450 5th Street, NW Judiciary Plaza Washington, DC 20549 RE: MIKROS SYSTEMS CORPORATION/2nd Quarter 10Q-A Dear Sirs: Pursuant to the Securities Exchange Act of 1934, as amended, Mikros Systems Corporation, a Delaware corporation (the "Corporation"), hereby encloses herewith amended pages for form 10Q filed on August 12, 1996 for the quarter ending June 30, 1996. This filing is being effected by direct transmission to the Securities and Exchange Commission's (the "Commission") EDGAR System. If you have any questions or comments concerning this filing, kindly contact the undersigned. Very truly yours, /s/ Joseph R. Benek - -------------------- Joseph R. Benek Vice President Finance & Treasurer Enc. MIKROS SYSTEMS CORPORATION BALANCE SHEETS (UNAUDITED) LIABILITIES AND JUNE 30, DECEMBER 31, SHAREHOLDERS' EQUITY (DEFICIENCY) 1996 1995 - ------------------------------------------ ----------- ------------ CURRENT LIABILITIES Accounts Payable $ 269,006 $ 268,933 Notes Payable Bank 133,271 134,271 Related Parties and Others 678,667 30,000 Obligations under Capital Leases 23,717 6,403 Accrued Payroll and Payroll Taxes 35,556 14,308 Accrued Interest 2,883 11,442 Accrued Vacations 49,219 49,188 Accrued Expenses 262,882 89,982 ------------ ------------ TOTAL CURRENT LIABILITIES 1,455,201 604,527 ------------ ------------ NOTES PAYABLE Bank 14,667 18,542 Related Parties and Others 304,333 312,500 OBLIGATIONS UNDER CAPITAL LEASES-NONCURRENT 7,120 11,827 ------------ ------------ TOTAL LIABILITIES 1,781,321 947,396 ------------ ------------ COMMITMENTS AND CONTINGENCIES MANDATORILY REDEEMABLE SERIES C PREFERRED STOCK par value $.01 per share, authorized 150,000 shares, issued and outstanding 5,000 shares in 1996 and 1995 80,450 80,450 ------------ ------------ SHAREHOLDERS' EQUITY (DEFICIENCY) Common Stock, par value $.01 per share, authorized 25,000,000 shares, issued and outstanding 7,894,608 shares in 1996 and 7,352,108 in 1995 78,946 73,521 Preferred Stock, convertible, par value $.01 per share, authorized 2,000,000 shares, issued and outstanding 1,005,000 shares in 1996 and 1995 10,050 10,050 Preferred Stock, Series B convertible, par value $.01 per share, authorized 1,200,000 shares, issued and outstanding 1,131,663 shares in 1996 and 1995 11,316 11,316 Preferred Stock, Series D, par value $.01 per share 690,000 shares authorized, issued and outstanding in 1996 and 1995 6,900 6,900 Capital in excess of par 9,248,589 9,248,364 Accumulated deficit (10,521,016) (9,831,002) ------------ ------------ TOTAL SHAREHOLDERS' EQUITY (DEFICIENCY) (1,165,215) (480,851) ------------ ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $696,556 $546,995 ============ ============ See Notes to Financial Statements [DESCRIPTION] ART. 5 FDS FOR 2ND QUARTER 10-Q [ARTICLE] 5 [PERIOD-TYPE] 6-MOS [FISCAL-YEAR-END] DEC-31-1996 [PERIOD-END] JUN-30-1996 [CASH] 48,072 [SECURITIES] 0 [RECEIVABLES] 244,293 [ALLOWANCES] 0 [INVENTORY] 75,979 [CURRENT-ASSETS] 396,104 [PP&E] 687,127 [DEPRECIATION] (496,093) [TOTAL-ASSETS] 696,556 [CURRENT-LIABILITIES] 1,455,201 [BONDS] 0 [PREFERRED-MANDATORY] 80,450 [PREFERRED] 28,266 [COMMON] 78,946 [OTHER-SE] (1,272,427) [TOTAL-LIABILITY-AND-EQUITY] 696,556 [SALES] 570,604 [TOTAL-REVENUES] 570,604 [CGS] 815,550 [TOTAL-COSTS] 815,550 [OTHER-EXPENSES] 397,796 [LOSS-PROVISION] 0 [INTEREST-EXPENSE] 47,272 [INCOME-PRETAX] (690,014) [INCOME-TAX] 0 [INCOME-CONTINUING] (690,014) [DISCONTINUED] 0 [EXTRAORDINARY] 0 [CHANGES] 0 [NET-INCOME] (690,014) [EPS-PRIMARY] (.09) [EPS-DILUTED] (.09)
-----END PRIVACY-ENHANCED MESSAGE-----