-----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, EbKs2M8rHc+M476TIzm3vyT1IURJDDINN0NLLYxRS7AmFrH2V7mc8hT3/sYNuTiz MfgIYsUr0AdtfJk733n2vw== 0000783728-96-000015.txt : 19960716 0000783728-96-000015.hdr.sgml : 19960716 ACCESSION NUMBER: 0000783728-96-000015 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960531 FILED AS OF DATE: 19960715 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIDGEWOOD PROPERTIES INC CENTRAL INDEX KEY: 0000783728 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE DEALERS (FOR THEIR OWN ACCOUNT) [6532] IRS NUMBER: 581656330 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-14019 FILM NUMBER: 96595054 BUSINESS ADDRESS: STREET 1: 2859 PACES FERRY RD STE 700 CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 4044343670 MAIL ADDRESS: STREET 1: 2859 PACES FERRY ROAD STREET 2: SUITE 700 CITY: ATLANTA STATE: GA ZIP: 30339 10-Q/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A Amendment No. 1 [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 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 0-14019 Ridgewood Properties, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 58-1656330 - ------------------------------- ------------------------ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2859 Paces Ferry Road, Suite 700 Atlanta, Georgia 30339 - ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (770) 434-3670 ---------------------------------------------------- (Registrant's telephone number, including area code) N/A ---------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the 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 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 _____ Common stock, par value $.01 per share - 1,088,480 shares outstanding at May 31, 1996. RIDGEWOOD PROPERTIES, INC. AND SUBSIDIARIES ------------------------------------------- CONSOLIDATED STATEMENT OF CASH FLOWS ------------------------------------ FOR THE NINE MONTHS ENDED MAY 31, 1996 AND MAY 31, 1995 ------------------------------------------------------ Decrease in Cash and Cash Equivalents ------------------------------------- ($000's Omitted) ----------------
1996 1995 ---------- ---------- Cash flows from operating activities: Net loss ...................................................... $ (1,090) $ (1,185) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization ............................. 133 348 Increase in allowance for possible losses ................. -- 50 Gain from sales of real estate property ................... (138) (246) Increase in escrowed funds ................................ (46) -- Decrease (increase) in other assets ....................... (127) 335 Increase in accounts payable and accrued liabilities ..................................... 96 114 ---------- ---------- Total adjustments ......................................... (82) 601 ---------- ---------- Net cash used by operating activities ..................... (1,172) (584) Cash flows from investing activities: Principal payments received on mortgage loans ............... 39 30 Proceeds from sales of real estate .......................... 481 3,043 Additions to real estate properties ......................... (292) (823) Investment in limited partnership ........................... (539) -- ---------- ---------- Net cash received (used) from investing activities ........ (311) 2,250 Cash flows from financing activities: Repayments of notes payable ................................. (31) (3,964) Payment of dividends on preferred stock ..................... (90) (126) ---------- ---------- Net cash used by financing activities ..................... (121) (4,090) ---------- ---------- Net decrease in cash and cash equivalents ....................... $ (1,604) $ (2,424) Cash and cash equivalents at beginning of period ................ 1,880 2,804 ---------- ---------- Cash and cash equivalents at end of period ...................... $ 276 $ 380 ========== ========== The accompanying notes are an integral part of these consolidated financial statements. Supplemental disclosure of noncash activity in fiscal year 1996: Issuance of 125,000 shares of common stock at $.01 par value in conjunction with purchase of hotel management company .............................. $ 1,250 Assumption of notes payable in conjunction with ========== purchase of hotel management company ..................... $ 106,000 ==========
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