-----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, Atw8MEdSnSBlTRyNYB6g4r3/u03NuHZaUL5UEYnlw2PQsaQOaFQNk6t7HFXqNlbc hy9FheS2ntUe626HERr/ag== 0001016681-97-000021.txt : 19970521 0001016681-97-000021.hdr.sgml : 19970521 ACCESSION NUMBER: 0001016681-97-000021 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970520 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNICHE GROUP INC /DE CENTRAL INDEX KEY: 0000320017 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PAPER AND PAPER PRODUCTS [5110] IRS NUMBER: 222343568 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-10909 FILM NUMBER: 97611607 BUSINESS ADDRESS: STREET 1: WAYNE INTERCHANGE PLAZA 1 STREET 2: 145 ROUTE 46 WEST CITY: WAYNE STATE: NJ ZIP: 07470 BUSINESS PHONE: 2017853338 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MEDICAL SERVICES INC DATE OF NAME CHANGE: 19830825 10-Q/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q/A (Mark One) [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 1996 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ Commission file number: 0-10909 CORNICHE GROUP INCORPORATED (Exact name of registrant as specified in its charter) Delaware 22-2343568 (State or other jurisdiction of (I.R.S. employer incorporation or organization) Identification No.) Wayne Interchange Plaza I 145 Route 46 West, Wayne, NJ 07470 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: 201-785-3330 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether 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 registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ------- ------------- 2,412,278 shares, $.10 par value (Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date) ________________ Page 1 of 4 pages CORNICHE GROUP INCORPORATED Statement of Operations (UNAUDITED)
- - 3 Months Ended - - - - 9 Months Ended - - Dec 30, Dec 30, Dec 30, Dec 30, 1996 1995 1996 1995 Net Sales $0 $0 $0 $0 Cost of Sales 0 0 0 0 - - - - Gross profit 0 0 0 0 - - - - Selling, General and Administrative Expenses (44,803) (84,914) (112,663) (356,115) ---------- ----------- ---------- ----------- Operating Loss (44,803) (84,914) (112,663) (356,115) Loss on Sale of Assets 0 (3,042) 0 (3,042) Interest (net) ( 3,416) 3,988 (7,516) 12,317 --------- ---------- --------- ---------- Net loss before Preferred Dividend (48,219) (83,968) (120,179) (346,840) Preferred dividend (15,912) (15,283) (47,736) (50,943) ----------- ----------- ----------- ----------- Net Loss from Continuing Operations (64,131) (99,251) (167,915) (397,783) Loss from Discontinued Operation 0 (672,742) 0 (3,432,032) Excess of UK Subsidiary Cumulative Losses over Investment 0 5,466,636 0 5,466,636 ------------ ------------ ------------- ------------ Net Income (Loss) (64,131) 4,694,643 (167,915) 1,636,821 ======= ========== ============= =========== Loss per share of common stock Loss from Continuing Operations $(0.03) $(0.04) $(0.07) $(0.17) Profit from Discontinued Operations - 1.99 - 0.89 ---------- ----------- ---------- ----------- Net Profit (Loss) per share $(0.03) $1.95 $(0.07) $(0.72) ====== ====== ====== ====== Weighted average number of common shares outstanding 2,412,278 2,408,307 2,412,278 2,260,599
See Accompanying Notes 2 CORNICHE GROUP INCORPORATED Statement of Cash Flows (Unaudited)
------ 9 Months Ended ----- Dec 31, Dec 31, 1996 1995 Cash Flows from Operations: Net Loss from Continuing Operations $(167,915) $(397,783) Adjustments to reconcile net loss from continuing operations to net cash used in operating activities: Depreciation 291 1,652 Loss on Sales of Assets 0 3,042 Changes in Assets and Liabilities: (Inc)/Dec in Notes Receivable 125,000 0 (Inc)/Dec in Other Receivables 10,000 (67,646) (Inc)/Dec in Prepaid Expenses 0 (142,785) Inc/(Dec) in Accounts Payable (98,213) 270,280 Inc/(Dec) in Accrued Liabilities (6,910) (170,054) Inc/(Dec) in Notes Payable 100,000 (4,613) Increase in Dividends Payable 47,736 50,943 ---------- ---------- Net Cash Used in Continuing Operations 9,989 (456,964) ---------- ---------- Net Cash Used in Discontinued Operations 0 (331,336) - ---------- Net Cash Used in Operating Activities 9,989 (788,300) --------- --------- Cash Flows from Investing Activities: Payments to acquire fixed assets 0 (8,926) Proceeds from Sale of Assets 0 3,000 - -------- Net Cash Used in Investing Activities 0 (5,926) - --------- Cash Flows from Financing Activities: Issuance of common stock for cash 0 794,336 - ------- Net Cash Provided by Financing Activities 0 794,336 - ------- Net Increase in Cash 9,989 110 Cash at Beginning of Period 66 100 --------- ------- Cash at End of Period $10,055 $210 ======= ====
See accompanying notes. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CORNICHE GROUP INCORPORATED (Registrant) By /s/ James J. Fyfe JAMES J. FYFE, Vice President and Principal Financial Officer Date: May 19, 1997 4 -----END PRIVACY-ENHANCED MESSAGE-----