UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2002
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE EXCHANGE ACT
For the transition period from______ to ______
Commission file number 0-27736
POINT WEST CAPITAL CORPORATION
(Exact name of small business issuer as specified in its charter)
Delaware | 94-3165263 |
1700 Montgomery Street, Suite 250 | |
(415) 394-9467 | |
At April 30, 2002, there were 3,352,624 shares of the issuer’s Common Stock outstanding.
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]
This Form 10-QSB/A is being filed for the purpose of correcting errors in the Edgar version of the consolidated statements of operations contained in the consolidated financial statement included in the Form 10-QSB for the quarterly period ended March 31, 2002 of Point West Capital Corporation (the "Original Form 10-QSB"). The page number reflected in the 10-QSB/A replaces the same indicated page number included in the Original Form 10-QSB. All capitalized terms used in this Form 10-QSB/A and not defined are used as defined in the Original Form 10-QSB.
POINT WEST CAPITAL CORPORATION AND SUBSIDIARIES | ||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| For the Three Months Ended | ||||
| March 31, | ||||
| 2002 | 2001 | |||
(unaudited) | ||||
| Revenues: | ||||
| Interest income | $ | 810,177 | $ | 975,536 |
| Net gain (loss) on securities | 5,647 | (3,407,865) | ||
| Other | 125,378 | 149,363 | ||
| Total revenues | 941,202 | (2,282,966) | ||
| Expenses: | ||||
| Interest expense | 760,499 | 823,596 | ||
| Compensation and benefits | 229,754 | 381,126 | ||
| Other general and administrative expenses | 266,663 | 542,648 | ||
| Amortization | -- | 24,150 | ||
| Depreciation | 7,511 | 6,024 | ||
| Total expenses | 1,264,427 | 1,777,544 | ||
| Loss before income taxes | (323,225) | (4,060,510) | ||
| Income tax expense | -- | (18,170) | ||
| Net loss | $ | (323,225) | $ | (4,078,680) |
| Loss per share-basic and diluted: | $ | (0.10) | $ | (1.22) |
| Weighted-average number of shares of common stock | ||||
| outstanding | 3,352,624 | 3,352,624 | ||
| Weighted-average number of shares of common stock | ||||
| and common stock equivalents outstanding | 3,352,624 | 3,352,624 | ||
See accompanying condensed notes to consolidated financial statements. | ||||
2 | ||||
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
POINT WEST CAPITAL CORPORATION |
Dated: May 22, 2002
| /s/ John Ward Rotter |
| John Ward Rotter |
Chief Executive Officer |
(Authorized Officer) |
Dated: May 22, 2002
| /s/ Joanna L. Zesiger |
| Joanna L. Zesiger |
| Chief Financial Officer |
| (Principal Financial and Accounting Officer) |
