-----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, O6Jmvl9ckH9oHdYXfnR2Zrp6+NNXE8YYQ6mTIArsRPPh14R10nm2Jn55aVXppRx6 f3hf8CDyHRIjyVei83IdAg== 0000950120-99-000024.txt : 19990122 0000950120-99-000024.hdr.sgml : 19990122 ACCESSION NUMBER: 0000950120-99-000024 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980505 ITEM INFORMATION: FILED AS OF DATE: 19990121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTROMEDICS CORP CENTRAL INDEX KEY: 0000352281 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 042608713 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-09922 FILM NUMBER: 99509039 BUSINESS ADDRESS: STREET 1: 13 COLUMBIA DR STE 5 CITY: AMHERST STATE: NH ZIP: 03031 BUSINESS PHONE: 6038806300 MAIL ADDRESS: STREET 1: 13 COLUMBIA DR STREET 2: STE 18 CITY: AMHERST STATE: NH ZIP: 03031 8-K/A 1 AMENDMENT NO. 3 TO FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K/A (AMENDMENT NO. 3) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) -- May 5, 1998 ------------- AMERICAN ELECTROMEDICS CORP. ----------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-9922 04-2608713 ------------------- -------------------- ------------- (State or (Commission (IRS Employer other jurisdiction File Number) Identification of Incorporation) No.) 13 Columbia Drive, Suite 5, Amherst, New Hampshire 03031 ----------------------------------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code -- (603) 880-6300 -------------- Not Applicable ----------------------------------------------------------------- (Former Name or Former Address, if changed since last report) The purpose of this Amendment is to replace the accountant's reports in Item 7(a)(iii) and to amend Item 7(b) in its entirety to read as set forth herein. Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION ----------------------------------------------------- AND EXHIBITS ------------ On June 5, 1998, American Electromedics Corp., a Delaware corporation (the "Company") filed a Form 8-K to report the acquisition of Dynamic Dental Systems, Inc. ("Dynamic") and Equidyne Systems, Incorporated ("Equidyne"). The financial statements required to be filed under Item 7(a) and (b) of such Form 8-K were to be filed thereafter by amendment. Amendment No. 1 to the Form 8-K included the following: (1) financial statements of Dynamic, (ii) financial statements of Equidyne, (iii) financial statements of Rosch GmbH Medizintechnik ("Rosch GmbH"), (iv) the Company's pro forma financial statements reflecting the acquisition of Dynamic and Equidyne, and (v) the Company's pro forma financial statements reflecting the Rosch GmbH acquisition. This Amendment No. 3 amends the financial statements. Page ---- (a)(iii) Financial Statements of Rosch GmbH Medizintechnik Balance Sheet as of July 31, 1997 4 Statement of Operations for the seven months ended July 31, 1997 5 Audit Report of Wilhelm T. J. Hagen 6 Balance Sheet as of December 31, 1996 7 Statement of Operations for the year ended December 31, 1997 8 Audit Report of Wilhelm T. J. Hagen 9 (b)(i) Pro Forma Financial Statements (the Company, Equidyne and Dynamic) Pro Forma Combined Condensed Financial Statements 10 Pro Forma Combined Condensed Balance Sheet as of April 30, 1998 11 Pro Forma Combined Condensed Statement of Operations for the nine months ended April 30, 1998 13 Pro Forma Combined Condensed Statement of Operations for the year ended July 31, 1997 14 (b)(ii) Pro Forma Financial Statements (the Company and Rosch GmbH) Pro Forma Combined Condensed Financial Statements 15 2 Pro Forma Combined Condensed Balance Sheet as of October 31, 1997 16 Pro Forma Combined Condensed Statement of Operations for the three months ended October 31, 1997 17 Pro Forma Combined Condensed Statement of Operations for the year ended July 31, 1997 18 Signature 19 3 (a)(iii) Financial Statements of Rosch GmbH Medizintechnik. ROSCH GMBH MEDIZINTECHNIK BALANCE SHEET (VALUES IN DEUTSCHE MARKS) JULY 31, 1997 ------------- ASSETS ------ Current assets: Cash & cash equivalents 114,428.91 DM Accounts receivable 1,788,777.45 Inventories 1,807,507.00 ------------ Total current assets 3,710,713.36 Property and equipment, net 387,889.61 Other assets 764,861.72 ------------ Total assets 4,863,464.69 DM ============ LIABILITIES & STOCKHOLDERS' EQUITY ---------------------------------- Current liabilities: Accounts payable 2,380,915.40 DM Accrued liabilities 238,159.63 Other liabilities 483,874.86 ------------ Total current liabilities 3,102,949.89 Long term debt 1,353,483.00 Stockholders' Equity: Capital stock 50,000.00 Retained earnings 357,031.80 ------------ Total stockholders' 407,031.80 equity Total liabilities and stockholders' equity 4,863,464.69 DM ============ 4 ROSCH GMBH MEDIZINTECHNIK STATEMENT OF OPERATIONS (VALUES IN DEUTSCHE MARKS) SEVEN MONTHS ENDED JULY 31, 1997 ------------------ Net sales 4,720,424.91DM Cost of goods sold 3,111,813.11 ---------------- Gross profit 1,608,611.80 Selling, general and administrative 1,615,716.51 ---------------- Total operating expense 1,615,716.51 Loss before taxes and interest (7,104.71) Interest income/(expense) 71,510.73 Other income/(expense) (97,624.57) ---------------- Earnings after taxes and interest 19,009.13DM ================ 5 Audit Report Rosch GmbH Medizintechnik Berlin, Germany I have examined the Annual Report, the Accounts and the Administration by the General Manager for the period January 01, 1997 to July 31, 1997. The examination was carried out in accordance with generally accepted auditing standards. The Annual Report has been carried out in compliance with the U.S. generally accepted accounting principles. I recommend that the Income Statement and the Balance Sheet be adopted that the earnings be disposed of as proposed in the Report of the General Manager that the General Manager be discharged from liability for the fiscal year January 01, 1997 to July 31, 1997. Dessau, Germany, September 09, 1998 Wilhelm T. J. Hagen [Seal of Wilhelm T. J. Hagen] 6 ROSCH GMBH MEDIZINTECHNIK BALANCE SHEET (VALUES IN DEUTSCHE MARKS) DECEMBER 31, 1996 ----------------- ASSETS ------ Current assets: Cash & cash equivalents 56,616.87 DM Accounts receivable 976,370.08 Inventories 1,240,317.16 ------------ Total current assets 2,273,304.11 Property and equipment, net 382,043.00 Prepaid and other current assets 205,488.20 ------------ Total assets 2,860,835.31 DM ============ LIABILITIES & STOCKHOLDERS' EQUITY ---------------------------------- Current liabilities: Accounts payable 929,165.61 DM Accrued liabilities 413,013.31 Other liabilities 32,700.00 ------------ Total current liabilities 1,374,878.92 Long term debt 843,864.60 Stockholders' Equity: Capital stock 50,000,000 Shareholder credit 254,069.12 Retained earnings 338,022.67 ------------ Total stockholders' equity 642,091.79 Total liabilities and stockholders' equity 2,860,835.31 DM ============ 7 ROSCH GMBH MEDIZINTECHNIK STATEMENT OF OPERATIONS (VALUES IN DEUTSCHE MARKS) TWELVE MONTHS ENDED DECEMBER 31, 1996 ------------------- Net sales 4,720,427.16 DM Cost of goods sold 3,112,085.48 ------------ Gross profit 1,608,341.68 Selling, general and administrative 1,604,227.87 ------------ Total operating expense 1,604,227.87 Earnings before interest and taxes 4,113.81 Interest income/(expense) 71,510.73 Other income/(expense) (106,624.57) Taxes 12,673.60 ------------ Earnings after taxes and interest 26,554.05 DM ============ 8 Audit Report Rosch GmbH Medizintechnik Berlin, Germany I have examined the Annual Report, the Accounts and the Administration by the General Manager for the period January 01, 1996 to December 31, 1996. The examination was carried out in accordance with generally accepted auditing standards. The Annual Report has been carried out in compliance with the U.S. generally accepted accounting principles. I recommend that the Income Statement and the Balance Sheet be adopted that the earnings be disposed of as proposed in the Report of the General Manager that the General Manager be discharged from liability for the fiscal year January 01, 1996 to December 31, 1996. Dessau, Germany, September 09, 1998 Wilhelm T. J. Hagen [Seal of Wilhelm T. J. Hagen] 9 (b) Pro forma Financial Statements (Company, Equidyne Systems, Incorporated and Dynamic Dental Systems, Inc.) PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) The following unaudited historical and pro forma combined condensed balance sheet as of April 30, 1998 and the unaudited historical and combined condensed statements of earnings for the nine months ended April 30, 1998 and the year ended July 31, 1997 for the following companies: American Electromedics Corp., Equidyne Systems, Inc. and Dynamic Dental Systems, Inc. The pro forma combined condensed statements are presented under the purchase method of accounting for business combinations. The purchase method of accounting requires that all assets and liabilities be adjusted to their estimated fair market value as of the date of acquisition. The pro forma statements are provided for informational purposes only. The pro forma combined condensed statements of earnings are not necessarily indicative of actual results that would have been achieved had the acquisition been consummated at the beginning of the periods presented, and is not indicative of future results. The pro forma financial statements should be read in conjunction with the audited financial statements and the notes thereto of American Electromedics Corp., Equidyne Systems, Inc. and Dynamic Dental Systems, Inc. 10 PRO FORMA COMBINED CONDENSED BALANCE SHEET APRIL 30, 1998 (THOUSANDS) (UNAUDITED) HISTORICAL DYNAMIC HISTORICAL HISTORICAL DENTAL EQUIDYNE PRO (1)(3)PRO AMERICAN SYSTEMS, SYSTEMS, FORMA FORMA ELECTROMEDICS INC. INC. ADJUSTMENTS COMBINED ------------- ---------- ---------- ----------- --------- ASSETS ------ Cash $ 111 $ 52 $ 22 $ (370) $ (185) Accounts Receivable 1,242 100 1,342 Inventory, net of reserve 2,704 131 2,835 Prepaid & Other Current Assets 704 2 706 ------ ------- ------ ------ ------- Total current assets 4,761 283 24 (370) 4,698 Fixed Assets, net 421 3 14 438 Goodwill and patents 849 6,493 7,342 Investment in Meditronic GmbH 311 311 Other Assets 21 21 ----- ----- ------ ------ ------- Total Assets $6,363 $286 $ 38 $6,123 $12,810 ====== ===== ====== ====== ======= Liabilities and --------------- Stockholder's ------------- Equity ------ Accounts Payable $ 923 $182 $121 $1,226 Accrued Expenses and other current liabilities 469 193 159 821 Bank Line of Credit 285 70 0 355 Current portion of LTD 167 167 ----- ----- ----- ----- ----- Total Current Liabilities 1,844 445 280 2,569 Long-Term Debt 1,118 145 (2)(145) 1,118 Other Non -Current Liabilities 12 12 Common Stock 566 939 (804) 701 Additional Paid-in -Capital 5,682 5,575 11,257 Retained Earnings (Deficit) (2,752) (159) (1,338) 1,497 (2,752) Cumulative translation adjustment (95) (95) ------ ------ ------ ----- ------ Total Stockholder's Equity 3,401 (159) (399) 6,268 9,111 ------ ------ ------ ----- ------ Total Liabilities and Stockholder's Equity $6,363 $286 $ 38 $6,123 $12,810 ====== ====== ====== ====== ======= 1. Pro forma numbers include the following companies: American Electromedics Corp. (the "Company"), Dynamic Dental Systems, Inc. ("Dynamic") and Equidyne Systems, Inc. ("Equidyne"). These combined numbers are presented as though Dynamic and Equidyne were acquired as of April 30, 1998. 2. Pay-off Equidyne notes payable at date of purchase. 3. The pro forma information above includes the results of the Company, Dynamic and Equidyne combined with historical results, the effects of the purchase accounting allocations and adjustments to goodwill reflecting these changes. The pro forma combined balance sheet as at April 30, 1998 includes the estimated fair value of assets acquired and liabilities assumed in connection with the acquisitions of Dynamic and Equidyne. The excess of the purchase price over the fair value of all net assets acquired in 1998 was approximately $6.5 million and is being amortized over 15 years. 11 The following is a breakdown of the pro forma combined goodwill at April 30, 1998: Goodwill as reported on Form 10-QSB at 04/30/98: $849,000 Dynamic Dental Systems, Inc. ---------------------------- Purchase Price $3,256,000 which consisted of $225,000 in cash and 750,000 shares of the Company's Common Stock, $.10 par value, at $4.00 per share, plus acquisition costs of $31,000. Net liabilities at 04/30/98 159,000 -------- Balance at 04/30/98: $3,415,000 Equidyne Systems, Inc. ---------------------- Purchase price: $2,679,000 which consisted of 600,000 shares of the Company's Common Stock, $.10 par value, at $4.375 per share plus acquisitions costs of $54,000. Net liabilities at 04/30/98: 399,000 ---------- Balance at 04/30/98: $3,078,000 ---------- Total Goodwill at 04/30/98: $7,342,000 ========== 12 PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS NINE MONTHS ENDED APRIL 30, 1998 (THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) HISTORICAL HISTORICAL HISTORICAL PRO (4)PRO AMERICAN DYNAMIC EQUIDYNE FORMA FORMA ELECTROMEDICS DENTAL SYSTEMS ADJUSTMENTS COMBINED ------------- ---------- ---------- ----------- -------- Net sales . $ 5,095 1,945 $ -- $ -- $ 7,040 Cost of good sold . . . 2,979 1,232 -- -- 4,211 -------- ------- ------- ------- ------ Gross profit . . 2,116 713 -- -- 2,829 Operating expense . 2,637 716 138 -- 3,491 Amorti- zation of intan- gibles . . -- -- -- (6) 325 325 -------- ------- ------- ------- ------- 2,637 716 138 325 3,816 -------- ------- ------- ------- ------- Operating (loss) . . (521) (3) (138) (325) (987) Other income (expense) . (224) (2) (1) (5) 6 (221) -------- ------- ------- ------- -------- Income (loss) before provi- sion for income taxes . . (745) (5) (139) (319) (1,208) Provision for income taxes . . (2) -- -- -- (2) -------- ------- ------- ------- ------- Net income (loss) . . $ (747) $ (5) $ (139) $ (319) $(1,210) ======== ======= ======= ====== ======= Loss per share: Basic . . . $ (.19) $ -- $ -- $ -- $ (.23) ======== ======= ======= ====== ======= Diluted . . $ (.19) $ -- $ -- $ -- $ (.23) ======== ======= ======= ====== ======= Shares used to compute per share amounts: Basic . . . 4,002,804 -- -- -- 5,352,804 ========= ======= ======= ====== ========= Diluted . . 4,002,804 -- -- -- 5,352,804 ========= ======= ======= ====== ========= 4. Pro forma numbers include the following companies: the Company, Dynamic and Equidyne. These combined numbers are presented as though Equidyne and Dynamic were combined as of August 1, 1997. 5. Elimination of interest expense due to the assumed pay- off of notes payable on Equidyne as of August 1, 1997. 6. Nine months amortization of goodwill. 13 PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS YEAR ENDED JULY 31, 1997 (THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) (10) (7) HISTORICAL HISTORICAL HISTORICAL PRO PRO AMERICAN DYNAMIC EQUIDYNE FORMA FORMA ELECTROMEDICS DENTAL SYSTEMS ADJUSTMENTS COMBINED ------------- ------------ ---------- ----------- -------- Net sales . . $ 2,309 $ 329 $ -- $ -- $ 2,638 Cost of good sold . . . . 1,311 232 -- -- 1,543 -------- ------ ------- ------ ------ Gross profit 998 97 -- -- 1,095 Operating expense . . 1,479 91 17 -- 1,587 Amortization of intangibles 49 -- -- (9) 433 482 -------- ------ ------- ------ ------ 1,528 91 17 433 2,069 Operating income (loss) . . . (530) 6 (17) (433) (974) Undistributed earnings (loss) of affiliate . (57) -- -- -- (57) Other income (expense) . (339) 2 (3) (8) 3 (337) -------- ------ ------- ------ ------ Income (loss) before provision for income taxes . . . (926) 8 (20) (430) (1,368) Provision for income taxes -- -- -- -- -- -------- ------ ------- ------ ------ Net income (loss) . . . $ (926) $ 8 $ (20) $ (430) $ (1,368) ======== ====== ======= ======= ======= Loss per share: Basic . . . . $ (.37) $ -- $ -- $ -- $ (.35) ======== ====== ======= ====== ====== Diluted . . . $ (.37) $ -- $ -- $ -- $ (.35) ======== ====== ======= ====== ====== Shares used to compute per share amounts: Basic . . . . 2,553,136 -- -- -- 3,903,136 ========= ====== ======= ====== ========= Diluted . . . 2,553,136 -- -- -- 3,903,136 ========= ====== ======= ====== ========= 7. Pro forma numbers include the following companies: the Company, Dynamic and Equidyne. These combined numbers are presented as though Dynamic and Equidyne were acquired as of August 1, 1996. 8. Elimination of interest expense due to the assumed pay- off of notes payable on Equidyne as of July 31, 1997. 9. Amortization of goodwill. 10. Dynamic began operations on January 1, 1997. These amounts reflect seven months of activity. 14 PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) The following unaudited pro forma combined condensed balance sheet as of October 31, 1997 and the unaudited combined condensed statements of earnings for the three months ended October 31, 1997 and the year ended July 31, 1997 for the following companies: American Electromedics Corp. (the "Company") and Rosch GmbH Medizintechnik ("Rosch GmbH"). The pro forma combined condensed statements are presented under the purchase method of accounting for business combinations. The purchase method of accounting requires that all assets and liabilities be adjusted to their estimated fair market value as of the date of acquisition. The pro forma statements are provided for informational purposes only. The pro forma combined condensed statements of earnings are not necessarily indicative of actual results that would have been achieved had the acquisition been consummated at the beginning of the periods presented, and is not indicative of future results. The pro forma financial statements should be read in conjunction with the audited financial statements and the notes thereto of Rosch GmbH and the Company 15 PRO FORMA COMBINED CONDENSED BALANCE SHEET OCTOBER 31, 1997 (THOUSANDS) (UNAUDITED) Pro Forma American Electromedics Pro Forma Pro Forma (1) Adjustments Combined ------------- ----------- --------- ASSETS Current Assets: Cash and cash equivalents $ 239 $ -- $ 239 Accounts receivable . . . 1,291 -- 1,291 Inventories . . . . . . . 1,471 -- 1,471 Other current assets . . 163 -- 163 ------- ------- ------- Total current assets 3,164 -- 3,164 Depreciable assets, net . 263 -- 263 Intangible assets, net . 871 -- 871 Other . . . . . . . . . . 532 -- 532 ------- ------- ------- Total assets . . . . $ 4,830 $ -- $ 4,830 ======= ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable . . . . $ 1,014 $ -- $ 1,014 Bank line of credit . . . 300 -- 300 Accrued liabilities . . . 514 -- 514 Current portion of long- term debt . . . . . . . . 152 -- 152 ------- ------- ------- Total current liabilities . . . . 1,980 -- 1,980 Long-term debt . . . . . 1,590 -- 1,590 Other liabilities . . . . -- -- -- Stockholders' equity: Preferred stock . . . . -- -- -- Common stock . . . . . . 266 -- 266 Additional paid-in capital . . . . . . . . 3,013 -- 3,013 Retained deficit . . . . (2,009) (2,009) Foreign translation adjustment . . . . . . . (10) -- (10) ------- ------- ------- Total stockholders' equity . . . . . . 1,260 -- 1,260 ------- ------- ------- Total liabilities and stockholders' equity . . $ 4,830 $ -- $ 4,830 ======= ======= ======= (1) Pro forma numbers include the following companies: the Company and Rosch GmbH. These combined numbers are presented as though Rosch GmbH was acquired on October 31, 1997. 16 PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS THREE MONTHS ENDED OCTOBER 31, 1997 (THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) Pro Forma American Pro Forma Pro Forma Electromedics(3) Adjustments Combined ---------------- ----------- -------- Net sales . . . . . . $ 1,830 $ -- $ 1,830 Cost of goods sold . 1,058 -- 1,058 -------- -------- -------- 772 -- 772 Operating expense . . 687 -- 687 Amortization of intangibles . . . . . 16 (4) 7 23 Operating income . . 69 0 62 Other income (expenses) . . . . . (4) -- (4) -------- -------- -------- Income before provision for income taxes . . . . . . . 65 (7) 58 Provisions for income taxes . . . . . . . -- -- -- -------- -------- -------- Net income . . . . . $ 65 (4) (7) $ 58 ======== ======== ======== Earnings per share: Basic . . . . . . . . $ .03 -- $ .03 ======== ======== Diluted . . . . . . . $ .03 -- $ .03 ======== ======== Shares used to compute per share amounts: Basic . . . . . . . . 2,658,136 -- 2,658,136 ========= ========= Diluted . . . . . . . 2,658,136 -- 2,658,136 ========= ========= (3) Pro forma numbers include the following companies: the Company and Rosch GmbH. These combined numbers are presented as though Rosch GmbH was acquired on August 1, 1996. (4) Amortized three months of goodwill for investment in affiliate with the assumption that Rosch GmbH was owned at August 1, 1996. 17 PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS YEAR ENDED JULY 31, 1997 (THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) Pro Forma Pro American Pro Forma Forma Electromedics(5) Adjustments Combined ---------------- ----------- -------- Net sales . . . . . . $ 5,847 $ -- $ 5,847 Cost of goods sold . 3,340 -- 3,340 -------- -------- -------- 2,507 -- 2,507 Operating expense . . 3,032 -- 3,032 Amortization of intangibles . . . . 50 (6) (27) 77 Operating income (loss) . . . . . . . (575) 0 (602) Other income (expenses) . . . . . (418) -- (418) -------- -------- -------- Loss before provision for income taxes . . (993) (27) (1,020) Provisions for income taxes . . . . . . . (26) -- (26) -------- -------- -------- Net loss . . . . . . $ (1,019) $ (27) $ (1,046) ======== ========= ======== Loss per share: Basic . . . . . . . . $ (.39) -- $ (.40) ========= ========= Diluted . . . . . . . $ (.39) -- $ (.40) ========= ========= Shares used to compute per share amounts: Basic . . . . . . . . 2,658,136 -- 2,658,136 ========= ========= Diluted . . . . . . . 2,658,136 -- 2,658,136 ========= ========= (5) Pro forma numbers for include the following companies: the Company and Rosch GmbH. These combined numbers are presented as though Rosch GmbH was acquired on August 1, 1996. (6) Amortized three months of goodwill for investment in affiliate with the assumption that Rosch GmbH was owned at August 1, 1996. 18 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 hereunto duly authorized. American Electromedics Corp. ---------------------------- (Registrant) By: /s/ Michael T. Pieniazek --------------------------- Michael T. Pieniazek President and Chief Financial Officer Dated: January 20, 1999 19 -----END PRIVACY-ENHANCED MESSAGE-----