-----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, C3GPH9kg7Eof84L3YGM6HqW/zWXhborvsYLvYO33zmx649+vgHHZih2t+kGRR/Lz b0HIU8qvgKT+ypja9oSABw== 0000350644-97-000002.txt : 19970225 0000350644-97-000002.hdr.sgml : 19970225 ACCESSION NUMBER: 0000350644-97-000002 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970206 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970206 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCIENCE DYNAMICS CORP CENTRAL INDEX KEY: 0000350644 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 222011859 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-10690 FILM NUMBER: 97519628 BUSINESS ADDRESS: STREET 1: 1919 SPRINGDALE RD CITY: CHERRY HILL STATE: NJ ZIP: 08003 BUSINESS PHONE: 6094240068 8-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 3, 1997 Commission file number 010690 ____________________ Science Dynamics Corporation ------------------------------------------------------------------- (Exact name of small business issuer as specified in its charter) Delaware ------------------------------------------------------------ (State or other jurisdiction of incorporation) 22-2011859 ------------------------------- (IRS Employer Identification No.) 1919 Springdale Road, Cherry Hill, New Jersey 08003 ----------------------------------------------------- (Address of Principal Executive Offices) ( 609 ) 424-0068 ----------------------------------------------------- (Registrant's telephone number) N.A. (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. In furtherance of the Company's ongoing reporting requirements to NASDAQ it is submitting the unaudited Balance Sheet as of December 31, l996 which is set forth as Exhibit I to this Form 8-K/A. Such unaudited Balance Sheet shows that the Company exceeds the NASDAQ requirements for the capital and surplus. The Public Float as of December 31, 1996 was 8,063,328 shares. The closing bid price as reported on NASDAQ as of February 5, 1997 was 1 3/32. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit I - Unaudited Balance Sheet as of December 31, 1996 SCIENCE DYNAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS --------------------------- AS OF DECEMBER 31, 1996 AND 1995 -------------------------------- ASSETS ------ DECEMBER 31, DECEMBER 31, 1996 1995 Unaudited Audited Current assets: Cash and cash equivalents $ 29,295 $ 22,626 Short term investments 801,044 - Accounts receivable - trade 87,726 683,642 Accounts receivable - other 200,000 - Inventories 581,277 1,226,596 Other current assets 42,824 186,816 ------------ ------------ Total current assets 1,742,166 2,119,680 ------------ ------------ Property and equipment, net 211,835 243,038 Software development costs, net of accumulated amortization of $566,827 in 1996 and $395,371 in 1995 347,489 518,945 Deferred income taxes 308,000 308,000 Intangible Assets 1,500,000 - Other assets 42,241 39,056 ------------ ------------ Total assets $ 4,151,732 $ 3,228,719 ============ ============ LIABILITIES AND SHAREHOLDERS' EQUITY ------------------------------------ Current liabilities: Notes payable - bank $ - $ 280,000 Accounts payable 421,647 742,581 Other payables and accrued expenses, principally payroll related 165,017 198,282 ------------ ------------ Total current liabilities 586,664 1,220,863 Long term debt: Long term debt payable 500,000 - ------------ ------------ Total liabilities 1,086,664 1,220,863 Shareholders' equity - Common stock - .01 par value, 25,000,000 shares authorized, 11,062,528 and 8,048,778 issued, 10,936,728 and 7,922,978 outstanding in 1996 and 1995 respectively 110,625 80,488 Common Stock Subscribed - .01 par value 9,930 - Additional paid-in capital 9,615,194 6,955,899 Retained earnings (deficit) (6,272,849) (4,630,698) ------------ ------------ 3,462,900 2,405,689 Common stock held in treasury, at cost (397,833) (397,833) ------------ ------------ Total shareholders' equity 3,065,067 2,007,856 ------------ ------------ Total liabilities and shareholders' equity $ 4,151,732 $ 3,228,719 ============ ============ SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SCIENCE DYNAMICS CORPORATION /s/ Alan C. Bashforth ------------------------------- By: Alan C. Bashforth, President Dated: February 06, 1997 -----END PRIVACY-ENHANCED MESSAGE-----