SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
[_] TRANSITION REPORT UNDER SECTION 13 OR 15 (D) OF THE
EXCHANGE ACT
For the transition period from ____________________ to ____________________
Commission file number: 000-28112
MOTORVAC TECHNOLOGIES, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter)
STATE OF DELAWARE 33-0522018
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1431 S. VILLAGE WAY
SANTA ANA, CALIFORNIA 92705
(Address of Principal Executive Offices)
(714) 558-4822
(Issuer's Telephone Number, Including Area Code)
N/A
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(Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 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 No X
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(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.
Title Date Outstanding
Common Stock, $.01 par value May 31, 1996 4,404,918
Transitional Small Business Disclosure Format (check one);
Yes No X
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MOTORVAC TECHNOLOGIES, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
Three Months Ended
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MARCH 31 MARCH 31
1996 1995
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NET SALES 1,347,529 1,033,880
COST OF SALES 537,751 595,136
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GROSS PROFIT 809,778 438,744
OPERATION EXPENSES
Selling, General and Administrative Expenses 947,224 1,152,144
Research and Development Expenses 14,132 136,369
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961,356 1,288,513
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LOSS FROM OPERATIONS (151,578) (849,769)
INTEREST EXPENSE-RELATED PARTIES 145,865 112,308
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LOSS BEFORE PROVISION FOR INCOME TAXES (297,443) (962,077)
PROVISION FOR INCOME TAXES 0 0
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NET LOSS (297,443) (962,077)
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SUPPLEMENTAL DATA (NOTE 3)
Historical Loss (297,443)
Proforma reduction in interest expense 106,263
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PRO FORMA NET LOSS (191,180)
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NET LOSS PER COMMON SHARE (0.04)
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COMMON AND COMMON EQUIVALENT SHARES 4,438,523
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