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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K\A
AMENDMENT NO. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 19, 1996
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WAVETECH, INC.
(Exact name of registrant as specified in its charter)
New Jersey 0-15482 22-2726569
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5210 E. Williams Circle, Suite 200, Tucson, Arizona 85711
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (520) 750-9093
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Not applicable
(Former name or former address, if changed since last report.)
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The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Form 8-K Current Report dated
April 8, 1996, as follows:
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
Exhibit A attached to the Form 8-K Current Report dated April
8, 1996 is amended in its entirety and replaced with Exhibit
A\1 filed herewith.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: April 19, 1996
WAVETECH, INC.
By: /s/Gerald I. Quinn
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Gerald I. Quinn
President and Chief Executive Officer
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EXHIBIT A/1
WAVETECH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
MARCH 31, 1996 (UNAUDITED)
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ASSETS
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Pro-Forma
March 31, 1996 Pro-Forma Consolidated
Actual Adjustments 03/31/96
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Current Assets:
Cash and Cash equivalents $ 138,707 $1,492,500 $ 1,631,207
Other Current Assets 4,398 4,398
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Total Current Assets 143,105 1,635,605
Property and Equipment, net 535,049 535,049
Other Assets:
Deposits 64,718 64,718
Other Assets 10,400 10,400
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Total Other Assets 75,118 75,118
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Total Assets 753,272 1,492,500 2,245,772
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current Liabilities:
Accounts payable and accrued $ 98,115 $ 98,115
expenses
Capital Leases 14,980 14,980
*Notes payable, current 53,639 53,639
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Total Current
Liabilities 166,734 166,734
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Stockholders' equity:
Common stock, par value 10,500 1,532 12,032
$.001 per share; 50,000,000
shares authorized, and
12,509,246 shares issued and
outstanding
Additional paid in capital 2,739,792 1,490,968 4,230,760
Retained earnings (accumulated deficit) (2,163,754) (2,163,754)
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Total stockholders' equity
(deficit) 586,538 2,079,038
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Total liabilities and
stockholders' equity 753,272 1,492,500 2,245,772
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*Paid with Common Stock not a cash item.
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WAVETECH, INC. & SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE 7 MONTH PERIODS ENDED MARCH 31, 1996
(UNAUDITED)
Revenues: $ 12,532
Cost of Sales: 112,741
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Gross Margins: (100,209)
Development and Administrative Expenses: 671,378
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Net Loss: $(771,587)
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