SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 27,1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file no. 1-11056
ADVANCED PHOTONIX, INC.
Incorporated pursuant to the Laws of Delaware
IRS Employer Identification No. 33-0325826
1240 Avenida Acaso, Camarillo, CA 93012
(805) 987-0146
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
On August 4, 1999, 10,849,260 shares of Class A Common Stock, $.001 par value,
and 68,135 shares of Class B Common Stock, $.001 par value, were outstanding.
ADVANCED PHOTONIX, INC.
CONSOLIDATED BALANCE SHEETS
June 27, 1999 March 29, 1998
- -------------------------------------------------------------------- ---------------- ---------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 309,000 $ 263,000
Accrued expenses:
Salaries and employee benefits 274,000 310,000
Warranty 95,000 95,000
Other 90,000 133,000
---------------- ---------------
Total Current Liabilities 768,000 801,000
---------------- ---------------
COMMITMENTS AND CONTINGENICES
STOCKHOLDERS' EQUITY
Class A Common Stock, par value $.001 per share; authorized
50,000,000 shares;
June 27, 1999 - 10,849,260 shares issued and outstanding
March 28, 1999 - 10,849,260 shares issued and outstanding 11,000 11,000
Class B Common Stock, par value $.001 per share; authorized
4,420,113 shares;
June 27, 1999 - 68,135 shares issued and outstanding
March 28, 1999 - 68,135 shares issued and outstanding - -
Convertible Preferred Stock at redemption value; authorized
10,000,000 shares
June 27, 1999 - 80,000 shares issued and outstanding
March 28, 1999 - 80,000 shares issued and outstanding 64,000 64,000
Additional paid-in capital 22,704,000 22,704,000
Accumulated Deficit (17,407,000) (17,252,000)
---------------- ---------------
5,372,000 5,527,000
---------------- ---------------
$ 6,140,000 $ 6,328,000
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<FN>
See notes to consolidated financial statements.
</FN>
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