UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-QSB (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 1997 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 0-9255 DENCOR ENERGY COST CONTROLS, INC. (Exact name of small business issuer as specified in its charter) Colorado 84-0658020 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 1450 West Evans, Denver, Colorado 80223 (Address of principal executive office) (Zip Code) (303) 922-1888 (Registrant's telephone number, including area code) 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 CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date. No par value per share: 3,671,304 shares issued, at May 1, 1997. Transitional Small Business Disclosure Format Yes No X DENCOR ENERGY COST CONTROLS, INC. PART 1 - FINANCIAL INFORMATION Item 1. Financial Statements (Condensed Balance Sheets) ASSETS March 31 Dec. 31 1997 1996 (unaudited) CURRENT ASSETS: Cash $ 7,500 $ 1,600 Accounts Receivable, net of allowance for doubtful accounts of $8,500 55,400 58,500 Inventories 132,200 143,600 Prepaids and Other 17,300 8,300 TOTAL CURRENT ASSETS 212,400 212,000 Furniture & Equipment 213,300 213,300 Less Accumulated Depreciation (212,300) (211,300) 1,000 2,000 Other Receivables, net of allowance for doubtful receivables of $2,300 3,300 3,400 $216,700 $217,400 LIABILITIES & SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Notes Payable - Shareholders $ 93,400 $ 93,400 Accounts Payable 42,400 33,300 Accrued Compensation and Benefits 25,300 30,600 Accrued Interest - Shareholders 56,500 53,600 Deposits 4,200 9,900 Warranty Reserve 6,300 6,300 Other 1,400 1,600 TOTAL CURRENT LIABILITIES 229,500 228,700 STOCKHOLDERS' EQUITY