-----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, RbKj50x73mHr8WIVbFLErNDw/nck79g0atVMwhEVfqGSHb2PDt1+ae+6fEhjsY0o OCQk51pioY1YjmA7TWpB3A== 0000755465-99-000013.txt : 19990504 0000755465-99-000013.hdr.sgml : 19990504 ACCESSION NUMBER: 0000755465-99-000013 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990228 FILED AS OF DATE: 19990503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDATA INC CENTRAL INDEX KEY: 0000755465 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 112841799 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-14401 FILM NUMBER: 99608267 BUSINESS ADDRESS: STREET 1: 26 HARBOR PARK DR CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5164849060 MAIL ADDRESS: STREET 1: 26 HARBOR PARK DR CITY: PORT WASHINGTON STATE: NY ZIP: 11050 FORMER COMPANY: FORMER CONFORMED NAME: SDS INC DATE OF NAME CHANGE: 19870818 FORMER COMPANY: FORMER CONFORMED NAME: SANDSPORT DATA SERVICES INC DATE OF NAME CHANGE: 19870520 10QSB/A 1 10QSB/A U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-QSB/A AMENDMENT NO. 1 (Mark One) [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended February 28, 1999 [ ] Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 0-14401 SANDATA, INC. (Name of Small Business Issuer in Its Charter) Delaware 11-2841799 (State or Other Jurisdiction of (IRS Employer Incorporation or Organization) Identification No.) 26 Harbor Park Drive, Port Washington, NY 11050 (Address of Principal Executive Offices) (Zip Code) 516-484-9060 (Issuer's Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 X No APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes No APPLICABLE ONLY TO CORPORATE ISSUERS The number of shares outstanding of each of the issuer's classes of common equity, as of December 31, 1997 was 1,559,955 shares. Transitional Small Business Disclosure Format (check one): Yes No X Sandata, Inc. and Subsidiaries CONSOLIDATED CONDENSED BALANCE SHEETS UNAUDITED AUDITED February 28, May 31, 1999 1998 ------------------- ----------- ASSETS: CURRENT ASSETS Cash and cash equivalents $ 277,925 $ 1,794,947 Accounts receivable, net of allowance for doubtful accounts of $422,000 and $443,000 respectively 2,133,473 1,611,457 Receivables from affiliates 584,148 619,687 Inventories 38,373 27,003 Prepaid expenses and other current assets 380,448 140,873 -------------------- ----------------- TOTAL CURRENT ASSETS 3,414,367 4,193,967 FIXED ASSETS, NET 7,119,189 5,814,381 OTHER ASSETS Notes receivable 174,365 100,000 Cash surrender value of officer's life insurance, security deposits and other 764,708 525,281 -------------------- ----------------- TOTAL ASSETS $ 11,472,629 $ 10,633,629 ==================== ================= See notes to consolidated condensed financial statements
Sandata, Inc. and Subsidiaries CONSOLIDATED CONDENSED BALANCE SHEETS UNAUDITED AUDITED February 28, May 31, 1999 1998 -------------------- ------------- LIABILITIES AND SHAREHOLDERS' EQUITY: CURRENT LIABILITIES Accounts payable and accrued expenses $ 1,736,226 $ 2,507,042 Current portion of long-term debt --- 22,296 Deferred/unearned revenue 35,623 23,410 Deferred income 267,523 186,358 -------------------- -------------------- TOTAL CURRENT LIABILITIES 2,039,372 2,739,106 LONG TERM DEBT 1,300,000 --- DEFERRED INCOME 255,255 215,945 DEFERRED INCOME TAXES 382,000 382,000 -------------------- -------------------- TOTAL LIABILITIES 3,976,629 3,337,051 SHAREHOLDERS' EQUITY Common stock 2,481 1,560 Additional paid in capital 5,772,079 4,173,091 Retained earnings 3,241,101 3,121,927 Notes receivable-officers (1,519,659) --- -------------------- -------------------- TOTAL SHAREHOLDERS' EQUITY 7,496,002 7,296,578 -------------------- -------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 11,472,629 $ 10,633,629 ==================== ==================== See notes to consolidated condensed financial statements
Sandata , Inc. and Subsididaries UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS NINE MONTHS ENDED FEBRUARY 28, 1999 1998 Cash flows from operating activities: ---- ---- Net earnings $ 119,174 $ 225,861 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Depreciation and amortization 1,460,438 1,024,022 (Gain) on disposal of fixed assets (269,948) (184,642) (Decrease) in allowance for doubtful accounts receivable (21,258) (94,600) (Increase) in deferred income 120,475 (20,592) (Increase) in deferred revenue 12,213 14,272 (Increase) in operating assets (977,902) (535,989) (Decrease) in operating liabilities (779,767) (1,351) --------------- --------------- Net cash provided by operating activities (336,575) 426,981 --------------- --------------- Cash flows from investing activities: Collection of note receivable - officer -- 102,867 Purchases of fixed assets (3,595,298) (1,75,918) Decreases in receivables from affiliates 35,538 345,310 Collections of note receivable-former affiliates -- 11,363 Proceeds from sale/leaseback transaction 1,100,000 700,000 --------------- --------------- Net cash (used in) investing activities (2,459,760) (600,378) --------------- --------------- Cash flows from financing activities: Proceeds from stock transactions 1,609 1,575,683 Principal payments on term loan (22,296) (212,803) Proceeds from line of credit 3,150,000 -- Principal payments on line of credit (1,850,000) (1,000,000) --------------- --------------- Net cash provided by financing activities 1,279,313 362,880 --------------- --------------- (Decrease) increase in cash and cash equivalents (1,517,022) 189,483 Cash and cash equivalents at beginning of period 1,797,947 1,200,014 --------------- --------------- Cash and cash equivalents at end of period $ 277,925 $ 1,389,497 =============== =============== See notes to consolidated condensed financial statements
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. SANDATA, INC. (Registrant) Date: April 30, 1999 By: \s\ Bert E. Brodsky ------------------------- Bert E. Brodsky Chairman of the Board President, Chief Executive Officer, Chief Financial Officer April 30, 1999 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Re: Sandata, Inc., File No. 0-14401 Dear Sir or Madam, Transmitted herewith through the EDGAR system is Form 10-QSB/A for the quarter ending February 28, 1999 for Sandata, Inc. If you have any questions or comments, please contact me at (516) 484-4400, extension 215. Very truly yours, Linda Scarpantonio Legal Coordinator -----END PRIVACY-ENHANCED MESSAGE-----