UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2000
Commission file number 2-92453-S
ACTEK, INC.
(Exact name of registrant as specified in its charter)
WASHINGTON 91-1228719
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
12740 38th N. E.
Seattle, Washington
(Address of principal executive offices)
98125
(Zip Code)
(206) 363-0217
(Registrant's Telephone Number, Including Area Code)
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
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APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of September 30, 2000:
(Common Stock)
65,654 492
TABLE OF CONTENTS
PART I
PAGE
----
ITEM 1 Financial Statements
3
Statements of Balance Sheets as of September 30, 2000
And June 30, 2000 3
Statements of Operations for the Three Month
Period Ended September 30, 2000 4-5
Statements of Cash Flows for the for the Three Month
Period Ended September 30, 2000 6
Notes on Financial Statements 7
ITEM 2 Management's Discussion and Analysis of Financial Condition
and Results of Operations 8
PART II
ITEM 1 Legal Proceedings 9
ITEM 2 Changes in Securities 9
ITEM 3 Defaults Upon Senior Securities 9
ITEM 4 Submission of Matters to a Vote of Security Holders
9
ITEM 5 Other Information 9
ITEM 6 Exhibits and Reports on Form 8-K 9
Page 2 of 9
ACTEK, INC.
BALANCE SHEETS
September 30, 2000 June 30, 2000
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ASSETS
CURRENT ASSETS
Cash $ 49,280 $ 64,155
Accounts receivable,
net of allowance for doubtful accounts 108,726 143,132
Inventory, net of reserve
for obsolete inventory 236,117 236,1