WIRELESS DATA SOLUTIONS
AMENDMENT TO FORM 8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment to Form 8-K Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: 03/27/03
Date of Earliest Event Reported: 03/27/03
WIRELESS DATA SOLUTIONS, INC.
(Name of small business issuer as specified in its charter)
Commission file number 333-47395
Utah 93-0734888
(State of Incorporation) (I.R.S. Employer Identification No.)
2233 Roosevelt Road
Suite #5
St. Cloud, MN 56301
(Address of principal executive offices)
(320) 203-7477
(Issuer's telephone number)
WIRELESS DATA SOLUTIONS, INC. Changes to FORM 8K
This amendment to Form 8K was filed to correct the following item:
Wireless Data Solutions Balance Sheet for fiscal 2002 contained an error,
which was corrected. The line item accounts payable and accrued expenses
were inadvertently misstated. Consequently the numbers presented would not
equal the total liabilities. The totals were correct. The corrected, page
is presented as part of this filing.
WIRELESS DATA SOLUTIONS, INC. AND SUBSIDIARY
Consolidated Balance Sheet
September 30,2002
Assets
Current Assets 2002 2001
(unaudited) (Audited)
Cash and Cash Equivalents $75,121 $12,001
Trade Accounts receivable, net off estimated
Allowance for doubtful accounts of $64,478 96,113 134,155
Inventory 79,617 124,541
Prepaid Expenses - 4,848
Total Current Assets $250,851 275,545
Property and Equipment
Office Fixtures and Equipment 72,049 59,155
Leasehold Improvements - 12,894
Less: Accumulated Depreciation 52,807 36,515
Net Property and Equipment 19,241 35,534
Other Assets
Security Deposits 5,636 5,636
Total Assets $275,728 $316,715
Liabilities and Stockholder's Equity (Deficiency)
Current Liabilities:
Note Payable-Stockholder $50,000 $50,000
Accounts Payable and accrued expenses 223,840 313,269
Advance from Customers - 5,828
Other Current Liabilities 8,667 3,665
Total Current Liabilities 282,507 372,762
Other Liabilities:
Due to Officers 21,336 20,596
Total Liabilities 303,843 393,358
Minority interests in consolidated subsidiaries 20,000 20,000
Commitment and Contingencies
Stockholders Equity
Preferred Stock, $.002 par value; 3,000,000 shares
authorized; no shares issued or outstanding - -
Common Stock, $.001 par value; 25,000,000shares
authorized; 15,142,434 issued 15,142 10,967
Common Stock to be issued 410,126 593,729
Additional Paid in Capital 2,373,962 2,026,534
Accumulated Deficit (2,847,345) (2,727,873)
Total Stockholder's Deficiency (48,115) (96,643)
Total Liabilities and Stockholder Deficiency $275,728 $316,715
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.
March 27, 2003 WIRELESS DATA SOLUTIONS, INC.
/s/ Patrick Makovec
Patrick Makovec
Chairman of the Board