1 ===================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report October 13, 2000 ALR TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 0-30414 88-02295807 (Commission File No.) (IRS Employer ID) 1201 Cornwall Avenue Suite 203 Bellingham Washington 98225 (Address of principal executive offices and Zip Code) (360) 650-9100 (Registrant's telephone number, including area code) ===================================================================== 2 Item 2. Acquisition or Disposition of Assets On August 14, 2000, ALR Technologies Inc. ("ALRT") filed a Form 8-K to report its disposition of A Little Reminder (ALR) Inc. Pursuant to Item 7 of Form 8-K, ALRT indicated that it would file certain financial information no later than the date required by Item 7 of Form 8-K. This Amendment No. 1 to Form 8-K is filed to provide the required financial information. Item 7. Financial Statements and Exhibits (b) Pro forma financial information The following unaudited pro forma financial information is based on the historical consolidated financial statements of the Registrant giving effect to the sale of its subsidiary, A Little Reminder (ALR) Inc. on July 31, 2000. The unaudited pro forma financial statements and accompanying notes may not be indicative of the results that actually would have occurred if the transaction had taken place on the date indicated nor do they represent a basis for assessing future performance. The unaudited pro forma financial statements should be used in conjunction with the historical statements of the Registrant. The unaudited pro forma consolidated balance sheet at June 30, 2000 has been prepared on the assumption that the transaction had occurred at the end of the fiscal period. The unaudited pro forma consolidated statements of loss for the six months ended June 30, 2000 and for the year ended December 31, 1999 have been prepared on the assumption that the transaction had occurred at the beginning of the fiscal periods of the Registrant. The principal adjustments relate to: (1) the deletion of the assets, liabilities, revenues and expenses related to the subsidiary, and (2) the gain on sale of the subsidiary. 3 ALR Technologies Inc. Pro Forma Consolidated Balance Sheet June 30, 2000 (Unaudited) Assets Jun 30/00 Pro Forma Adjustments Pro Forma (1) (2) Results Current assets: Cash $ 2,984 2,800 $ 5,784 Prepaid expenses, deposits and advances 23,716 (1,349) 22,367 ------------ -------- ------- ------------ 26,700 28,151 Fixed assets, net 11,430 (1,710) 9,720 ------------ -------- ------- ------------ $ 38,130 $ 37,871 ============ ======== ======= ============ Liabilities & Shareholders' Equity (Deficit) Current liabilities: Accounts payable & accrued liabilities $ 650,784 (313,788) $ 336,996 Promissory notes payable 400,000 400,000 Current portion of long term debt 277,268 (277,268) - ------------ -------- ------------ 1,328,052 (591,056) 736,996 Long term debt 10,116 439,884 450,000 Shareholders' equity (deficit) Capital stock 21,078 21,078 Additional paid in capital 1,118,581 1,118,581 Deficit (2,479,272) 150,913 (2,328,359) Accumulated other comprehensive income 39,575 39,575 ------------ -------- ------- ------------ (1,300,038) (1,149,125) ------------ -------- ------- ------------ $ 38,130 $ 37,871 ============ ======== ======= ============ 4 ALR Technologies Inc. Pro Forma Consolidated Statement of Loss Six Months Ended June 30, 2000 (Unaudited) Jun 30/00 Pro Forma Adjustments Pro Forma (1) (2) Results Sales $ 182,006 (182,006) $ - Cost of sales Cost of goods sold 111,994 (111,994) - ---------- -------- ------- ---------- 70,012 (70,012) - Operating expenses Depreciation 3,273 (305) 2,968 Development costs 40,728 40,728 Foreign exchange loss 3,888 3,888 Interest 31,074 (19,074) 12,000 Professional fees 44,405 (3,164) 41,241 Rent 28,482 (889) 27,593 Selling, general and administrative 76,061 (5,922) 70,139 Wages and benefits 216,589 (2,065) 214,524 ---------- -------- ------- ---------- 444,500 (31,419) 413,081 ---------- -------- ------- ---------- Loss from operations (374,488) (38,593) (413,081) Loss on disposal of capital assets (4,214) 605 (3,609) Gain on disposition of subsidiary 193,304 193,304 ---------- -------- ------- ---------- Net loss for the year $ (378,702) (37,988) 193,304 $ (223,386) ========== ======== ======= ========== Loss per share $ (0.02) $ (0.01) ========== ======== ======= ========== Weighted average shares outstanding 23,012,512 23,102,512 ========== ======== ======= ========== 5 ALR Technologies Inc. Pro Forma Consolidated Statement of Loss Year Ended December 31, 1999 (Unaudited) Dec 31/99 Pro Forma Adjustments Pro Forma (1) (2) Results Sales $ 458,618 (458,618) $ - Cost of sales Cost of goods sold 388,903 (388,903) - Loss on write-down of inventory 89,285 (89,285) - ------------ -------- ------- ---------- 478,188 (478,188) - ------------ -------- ------- ---------- (19,570) 19,570 - Operating expenses Depreciation 12,116 (8,289) 3,827 Development costs 61,318 (16,355) 44,963 Foreign exchange (gain) loss (1,783) 4,789 3,006 Interest 23,005 (23,005) - Loss on write-down of fixed assets 12,217 (12,217) - Professional fees 471,772 (268,173) 203,599 Rent 60,562 (17,174) 43,388 Selling, general and administrative 254,161 (97,834) 156,327 Wages and benefits 229,027 (159,027) 70,000 ------------ -------- -------- ---------- 1,122,395 (597,285) 525,110 ------------ -------- -------- ---------- Net loss for the year $ (1,141,965) 616,855 $ (525,110) ============ ======== ======== ========== Loss per share $ 0.04 $ 0.02 ============ ========== Weighted average shares outstanding 30,747,841 30,747,841 ============ ========== ALR Technologies Inc. Notes to the Pro Forma Consolidated Financial Information (Unaudited) (1) To eliminate the assets, liabilities, revenues and expenses of the subsidiary (2) To record the gain on sale of shares of the subsidiary 6 SIGNATURES 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. ALR Technologies Inc. By: /s/ Sidney Chan Sidney Chan, CEO Date: October 12, 2000