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Estimates In preparing financial statements in conformity with generally accepted accounting principles, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period....
000095014897002273
53,540
1,989
(A) Accrued interest at 9% per annum. Principal and accrued interest due on demand. (B) Accrued interest at 11% per annum. Principal and accrued interest due on demand. (C) Accrued interest at 10% per annum. Principal and accrued interest due on demand.
000095014897002273
53,540
1,989
3(1) Articles of Incorporation of the Company, as amended.
000095014897002273
53,540
1,989
10(1) Revolving Demand Note, dated December 18, 1987, between the Company and Leonard M. Ross.
000095014897002273
53,540
1,989
10(2) Note Extension and Modification Agreement, dated July 13, 1988, between the Company and Leonard M. Ross.
000095014897002273
53,540
1,989
10(3) Promissory Note Extension Agreement, dated August 8, 1986, between the Company and Leonard M. Ross.
000095014897002273
53,540
1,989
Richard Weisman 16200 Ventura Blvd. Suite 201 Encino, California 91436 2,631,745 (d) 7.75%(d)
000084600598000014
64,605
1,989
(2) These demand notes are payable to European Diamond Trading Corporation, a corporation controlled by Harry Shuster, Chairman of the Board, President and Chief Executive Officer of the Company.
000084600598000014
64,605
1,989
Non-interest bearing note payable to Abe Lichowsky 40,833 40,833
000084600598000014
64,605
1,989
All officers and Directors as A Group (One person) 3,318,985 (f) 10.21%(f)
000084600598000013
64,605
1,988
1988 1987 — — Non-interest bearing advances payable To H. Shuster $ 84,865 $ 84,865
000084600598000013
64,605
1,988
The following table sets forth certain information with respect to all persons, or groups of persons, known by the Company to own beneficially more than five percent of the Common Stock, $.01 par value, of the Company, its only outstanding class of voting securities, and as to the beneficial ownership thereof of the Di...
000084600598000006
64,605
1,986
During the year ended February 28, 1986, the Company settled a litigation with Vortech Sciences, Inc. which resulted to the return to the Company of 5,500,000 shares of the Company's common stock held in the name of Vortech Sciences, Inc. for cancellation
000084600598000006
64,605
1,986
Non-interest bearing note payable to European Diamond trading Corporation 20,750 20,750 — — $ 701,281 $701,281 — —
000084600598000006
64,605
1,986
(b) Percentages are determined on the basis of 39,417,120 shares of outstanding Common Stock.
000084600598000006
64,605
1,986
(e) 110,302 of these shares are owned by Mr. Cassel directly, and the balance of 169,698 shares are owned of record by members of his immediate family.
000084600598000012
64,605
1,987
3.02 By-laws (Incorporated by reference to Registration Statement No. 33-2474-LA.)
000078781198065540
787,811
1,989
SBB, INC. (A Development Stage Company) Statements of Stockholders' Equity From Inception on December 26, 1985 through December 31, 1989
000078781198065540
787,811
1,989
(b) The Registrant filed no current reports on Form 8-K during the last quarter of the fiscal year ended December 31, 1989.
000078781198065540
787,811
1,989
Statement of Cash Flows for the years ended December 31, 1989 and December 31, 1988 and from December 26, 1985 to December 31, 1989.
000078781198065540
787,811
1,989
Less Written off as Bad Debt (460,000) Net Notes Receivable $100,000 SBB, INC. (A Development Stage Company) Notes to the Financial Statements December 31, 1989
000078781198065540
787,811
1,989
SBB, INC. (A Development Stage Company) Notes to the Financial Statements December 31, 1989
000078781198065540
787,811
1,989
JOHN P. STOVALL, President and a Director since 1985. Mr. Stovall attended the University of Houston where he studied radio and television communication. For the past year Mr. Stovall has been an owner and operator of a pawn broker business in Salt Lake City, Utah. He is a former President, and the current Chairman, of...
000078781198065540
787,811
1,989
The Company has cumulative net operating loss carryforwards of approximately $220,000 at December 31, 1989. No effect has been shown in the financial statements for the net operating loss carryforwards as the likelihood of future tax benefit from such net operating loss carryforwards is not presently determinable. Acco...
000078781198065540
787,811
1,989
Statement of Stockholders' Equity - For the period from (inception) December 26, 1985 to December 31, 1989.
000078781198065540
787,811
1,989
1997 Stock Option Plan. The Company's shareholders have approved the 1997 Stock Option Plan for officers, key employees, potential key employees, non-employee directors and advisors (the "CSO Plan"). The Company has reserved a maximum of 2,000,000 common shares to be issued upon the exercise of options granted under th...
000100544497000133
822,658
1,989
(a)(b) Security Ownership The following table sets forth, as of May 31, 1989 and May 31, 1997, the stock ownership of each officer and director of the Company, of all officers and directors of the Company as a group, and of each person known by the Company to be a beneficial owner of 5% or more of its common stock. Exc...
000100544497000133
822,658
1,989
We have audited the accompanying balance sheets of Whitney American Corporation as of May 31, 1989 and 1988, and the related statements of operations, changes in stockholders' equity, and cash flows for the year ended May 31, 1989 and for the period June 18, 1987 (inception) to May 31, 1988. These financial statements ...
000100544497000133
822,658
1,989
Dividends The Company does not expect to pay a cash dividend upon its capital stock in the foreseeable future. Payment of dividends in the future will depend on the Company's earnings (if any) and its cash requirements at that time.
000100544497000133
822,658
1,989
The Company has adopted and the Company's shareholders have approved the 1997 Employee Stock Compensation Plan and the 1997 Stock Option Plan, both discussed below. Otherwise, the Company does not have in force any pension, profit-sharing, stock appreciation or other benefit plans, although such plans may be adopted in...
000100544497000133
822,658
1,989
Processing, Inc. to its original name, Whitney American Corporation. The Company's shareholders also approved changes to the Company's Certificate of Incorporation limiting the liability of directors of the Company under certain circumstances. All share and per share amounts have been restated to reflect this restructu...
000100544497000133
822,658
1,989
There are no family relationships among the officers and directors. There is no arrangement or understanding between the Company (or any of its directors or officers) and any other person pursuant to which such person was or is to be selected as a director or officer. The directors and officers are expected to devote t...
000100544497000133
822,658
1,989
Results of Operations IWP was organized for the purpose of treating and neutralizing hazardous waste from manufactures and landfills through proprietary processes and recycling of metals and other materials of value, initially through the use of mobile toxic treatment vans and known as Transportable Treatment Units. IW...
000100544497000133
822,658
1,989
* The total number of shares owned by officers and directors is 4,643,000.
000091205797011810
824,430
1,989
The Company incorporates by reference the exhibits filed with its registration statement and the amendments thereto. There have been no 8-K filings during the past year. Attached under Item 8 are audited financial statements for the Company for the year ended December 31, 1989.
000091205797011810
824,430
1,989
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Xanthic Enterprises, Inc. as of December 31, 1989, and the results of its operations and cash flows for the year then ended and from October 27, 1986 (inception), to December 31, 1989 in confor...
000091205797011810
824,430
1,989
In accordance with Section 12 of the Securities Exchange Act of 1934, this registrant caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.
000091205797011810
824,430
1,989
Brett Hudelson, Vice President and Treasurer. Mr. Hudelson, age 29, is a founder and director of New Urban Environments (NUE), a sole proprietorship specializing in urban agriculture and landscape ecology design. The proprietorship has no assets. Liabilities, or income. Mr. Hudelson is a Vice President of Nin Hao Enter...
000091205797011810
824,430
1,989
Glenn DeCicco, Vice-President, Secretary and a Director. Mr. DeCicco, age 30, was a Senior Vice President of Nin Hao Enterprises during 1988 and was Presient of Land and Water Real Estate Company, an inactive development stage real estate consultation company formed in 1987. Land and Water Real Estate Company has no as...
000091205797011810
824,430
1,989
The Company acquired Patent rights to its "PREVENT" product in exchange for cash and stock in the sum of $150,000. As of 1989, ending the net value of the patents was $97,067.
000084649498000004
846,494
1,989
The Company is a Utah public company, incorporated on December 7, 1985 as Cotton Tree Inc. On July 29,1985 the company acquired MEDX Inc. (an Arizona corporation) through a tax free exchange of stock with all of the MEDX shareholders, and changed its name to ROEDEINGER MEDICAL SYSTEMS, Inc. The primary business of MEDX...
000084649498000004
846,494
1,989
Mr. Gary Shimokawa: Age 45, Director. He has been an associate producer and Director of numerous network television productions including ALF, Golden Girls, Night Court, What's Happening, Now, 9 to 5, Fish, Archie Bunkers Place, Welcome back Kotter, and he has been nominated for and won both Emmys and Directors Guild o...
000084649498000004
846,494
1,989
Deferred debt issuance costs related to the Subordinated Debt (see Note 4) are recorded at cost and are being amortized over 5 years using the straight-line method, which is considered to approximate the effective interest rate method. Accumulated amortization of debt issuance costs was $104,000 and $34,000 at December...
000104746999015051
813,747
1,998
The weighted average discount rate used in determining the accumulated postretirement benefit obligation was 7.5% in 1996, 1995 and 1994. The annual increase in the cost of covered health care benefits for 1996 and 1995 was 9.5% and 7.5% for participants under age 65 and over age 65, respectively, and for 1994 was 13% ...
000004618996000020
46,189
1,996
The Company enters into forward currency exchange contracts to hedge foreign currency transactions on a continuing basis for periods consistent with its committed exposures. This hedging minimizes the impact of foreign currency exchange rate movements on the Company's operating results. The Company's foreign exchange c...
000095014996001494
16,357
1,996
SFAS No. 128 supersedes Accounting Principles Board Opinion No. 15, EARNINGS PER SHARE, and replaces the presentation of primary earnings per share with a presentation of basic earnings per share. It also requires dual presentation for all entities with complex capital structures and provides guidance on other computat...
000091205797027039
845,047
1,997
In our opinion, such financial statements present fairly, in all material respects, the financial position of the Company at December 31, 1996 and 1995, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 1996 in conformity with generally accepted accounting...
000090389397000529
315,999
1,996
/s/Ronald Uretta Vice President March 27, 1997 Ronald Uretta and Treasurer
000072046097000003
215,406
1,996
The information required for Items 10, 11, 12 and 13, with the exception of the information relating to the executive officers of the Registrant, which is presented in Part I under the heading "Executive Officers of the Registrant", is incorporated herein by reference to the following sections of the Registrant's Proxy...
000010420799000005
104,207
1,999
In May 1998, the Company issued $150 million of 6.25% unsecured notes under a shelf registration statement filed with the Securities and Exchange Commission in April 1998. The notes mature in May 2008. Notes up to $250 million remain available under the shelf registration statement.
000095013199001968
69,598
1,998
December 31, 1997 — Advance from shareholder and former President, not evidenced by a promissory note, unsecured, currently due $2,500 —
000100134898000024
840,402
1,997
See "Fuel Supply" reported under Item 1 of this report for information regarding legal proceedings concerning nuclear fuel disposal.
000091205700015165
49,816
1,999
The independent auditors have audited the Corporation's consolidated financial statements in accordance with generally accepted auditing standards and provide an objective, independent review of the fairness of the reported operating results and financial position. The Board of Directors of Commercial National Financia...
000095012400001501
828,535
1,999
Mr. Butterfield, age 38, joined EFG in June 1992 and became Vice President, Finance and Treasurer of EFG and certain of its affiliates in April 1996 and is Treasurer of the General Partner. Mr. Butterfield was appointed Treasurer of Semele in November 1997. Prior to joining EFG, Mr. Butterfield was an Audit Manager wit...
000104746998012984
847,557
1,997
The Managing General Partner (Capital Builders, Inc.) and the Associate General Partners are entitled to reimbursement of expenses incurred on behalf of the Partnership and certain fees from the Partnership. These fees include: a portion of the sales commissions payable by the partnership with respect to the sale of th...
000079145296000001
791,452
1,995
This document includes statements that reflect projections or expectations of our future financial condition, results of operations or business that are subject to risk and uncertainty. We believe such statements to be "forward looking" statements within the meaning of the Private Securities Litigation Reform Act of 19...
000095014400002637
42,542
1,999
The Downers Grove Building is located in the western suburbs of Chicago. The west suburban office market contains over 15 million square feet of office space which competes with the property. The market had experienced vacancy rates of over 20% for most of the late 1980's and early 1990's. Market rental rates have been...
000093602400000013
806,182
1,999
10.4 Mortgage dated as of April 18, 1990 by and between Decora Manufacturing and Norstar.(2)
000095014895000386
743,029
1,995
On May 13, 1997, the Attorney General of Florida filed a civil complaint against WT alleging violations of antitrust laws. The complaint also names nine other commercial and industrial tissue manufacturers and seeks compensatory monetary damages, civil penalties, and injunctive relief. At least 35 other private civil a...
000001973198000002
19,731
1,997
In 1995 Plumbing Products, with revenues of $1,270 million, accounted for 24 % of the Company's sales and 22 % of its operating income. Plumbing Products derived approximately 71 % of its total 1995 sales from operations outside the United States.
000095012396001445
5,850
1,995
Each outstanding share of common stock is entitled to one common share purchase right. Under certain circumstances, each right entitles the holder to purchase one share of common stock at $65, subject to adjustment. The rights are not exercisable until ten days after a public announcement that a person or group has acq...
000089706997000141
46,613
1,996
Reinsurance contracts do not relieve the Company from its obligations to policyholders. The Company periodically reviews the financial condition of its reinsurers to minimize its exposure to losses from reinsurer insolvencies. It is the Company's policy to hold collateral under related reinsurance agreements in the for...
000101540299000289
100,331
1,998
Taxable equivalent net interest income totaled $263.2 million in 1997, up $57.5 million, or 28.0% from 1996. The increase from 1996 to 1997 was due to a $785.0 million, or 22.4% increase in total earning assets and an increase in the net interest margin to 6.13% from 5.87%.
000104746999010297
201,461
1,998
[FN] See notes to financial statements. VINEYARD OIL AND GAS COMPANY Notes to Financial Statements December 31, 1995
000077758296000001
777,582
1,995
The retail jewelry industry is highly competitive and fragmented, with a large number of independent jewelry retailers. According to National Jeweler, a trade publication, the Company is the eleventh largest retail jewelry chain in the United States, based on the number of locations. However, the jewelry chains believe...
000095014496003138
805,900
1,996
We have made substantial commitments in connection with our utility construction program for future years. In addition, we have entered into three long-term contracts for the purchase of electric generating capacity and energy. The contracts expire in 2001, 2013, and 2023. We made payments under these contracts of:
000095016998000330
9,466
1,997
During Fiscal 1996, the Company entered into an adjusted employment agreement with the President. The term of the agreement is five years and calls for a base salary of $195,000 which began on December 1, 1995 with annual salary increases of $25,000 in the second and third years and to remain at $245,000 for the last t...
000101228797000006
794,927
1,996
During fiscal 1997, CDI sold its operations that support its Fujitsu maintenance base in the Chicago metropolitan area to a new company formed by John J. Jellinek, the Company's former president, chief executive officer, and director and Philip Kenny, a former SoftNet director. The buyer acquired certain assets in exch...
000009719697000009
97,196
1,997
Effective October 8, 1996, the Board of Directors authorized a change in the Company's name from the Toen Group, Inc. to Virtual Enterprises, Inc.
000084829697000006
837,295
1,994
During 1998, the overall vacancy level in the office market in Westchester County, New York, the location of Taxter Corporate Park, increased slightly from 17% to 18%. Also during 1998, the vacancy level in the west Westchester market in which the building is located increased from 11% to 14%. The average occupancy at ...
000095013099001786
819,342
1,998
Japan revenue increased in fiscal 1998 due mostly to increased license fees from shipments of notebook BIOS. Service revenue decreased, however, as Japanese customers deployed fewer new chip designs towards the end of fiscal 1998 due to a decline in the Japan economy.
000104746998043919
832,767
1,998
At a Special Meeting of the Company's shareholders held on December 11, 1997, the Company's shareholders approved a recapitalization plan (the "Recapitalization"), pursuant to which the Company's Articles of Incorporation were amended and restated to: (i) effect a one-for-three reverse split (the "Reverse Split") of th...
000095014899000615
791,449
1,998
(1)These shares were previously confirmed by the Company's stock transfer agent, however, it was determined in 1996 that they were unissued. The restatement had no effect on prior years' net loss and loss per common share outstanding.
000089322097001139
740,892
1,996
Disposable instruments reduce the user's capital investment, eliminate the risks and costs associated with maintenance, sterilizing and repair of reusable instruments, and provide the surgeon with a new sterile instrument for each procedure, offering more efficacious and safer practice for both patients and operating r...
000095012395000241
101,788
1,994
10.3 Agreement relating to employment and post-employment competition dated October 4, 1991 with William Leonard is incorporated by reference to the Company's Annual Report on Form 10-K for the fiscal year ended October 1, 1993
000095011699002208
757,523
1,999
For the years ended December 31, 1999, 1998 and 1997, in accordance with SEC Rules and Regulations, the Company reported non-cash preferred dividends of $22,000, $514,000 and $1,326,000, respectively. The dividends are related to the discount at which Series A Preferred could be converted to common stock and the 6% per...
000095014900000678
802,724
1,999
We have audited the accompanying consolidated balance sheets of HarCor Energy, Inc. (a Delaware corporation) and subsidiaries as of December 31, 1997 and 1996, and the related consolidated statements of operations, stockholders' equity and cash flows for each of the three years in the period ended December 31, 1997. Th...
000095012998001376
315,272
1,997
All of the foregoing directors and officers have been elected to serve a one year term and until their successors are elected and qualified. There are no arrangements or understandings between or among any of the officers or directors and any other person pursuant to which any officer or director was selected as such. ...
000095014798000248
865,828
1,997
Within the iron and steel industry, Alpine's principal customers have traditionally been the largest companies in the industry. USX — US Steel Group, Inc., Bethlehem Steel Corporation and LTV Steel Company, Inc. together accounted for approximately 27% and 31% of the net sales of this business segment for fiscal 1994 a...
000091205795005803
4,164
1,995
During March 1999, the Company issued 1,930,500 shares of its Common Stock to 12 individual investors and one officer at $0.125 per share under terms of a private offering for total net cash proceeds of $241,313 (unaudited). In a related transaction, the Company granted two-year warrants to purchase an aggregate of 386...
000095013499003922
850,599
1,998
Michael Juras joined the Company in his current position in January 1997. Prior to joining the Company, Mr. Juras had spent 30 years in various product and manufacturing positions with General Motors, with his last position as Director of Engineering Mid-Size Cars.
000095012499002272
864,167
1,998
Raymond L. Carr 48 Vice President, Administration Operations/1977
000005230197000004
52,301
1,996
The Emerging Issues Task Force (EITF) has recently discussed providing additional guidance on revenue recognition to companies that generate revenue by providing hosting services over the Internet as Telescan does. Currently, we are uncertain as to the impact, if any, of this new guidance that may be promulgated by the...
000089056600000430
832,175
1,999
CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of common stock 25,000 Repayment of shareholders' loans (125,000) Net shareholder advances (6,250) - — — Net cash provided by financing activities (106,250) - — —
000091205796011438
737,298
1,996
In December 1991, the FASB issued SFAS No. 107, "Disclosures about Fair Value of Financial Instruments," which is effective for fiscal years ending after December 15, 1992 (December 15, 1995 in the case of entities with less than $150 million in total assets such as the Bank). SFAS No. 107 requires financial intermedia...
000091205796005666
708,193
1,995
In 1997 and 1996, investment income remained constant at $1.0 million. The Company also recorded a one-time gain in excess of $200,000 from the settlement of a trade dress infringement lawsuit in 1996. Interest expense for 1997 was $2,000 versus $69,000 in 1996. The primary contributor to interest expense in 1996 was a...
000104746999010161
317,032
1,998
Some of the external coating problems are ameliorated by the use of aluminum, which has surface especially suited to receive coatings. Aerosol cans contain 99.4% aluminum (or slightly less than metal tubes to impart greater rigidity), and under a microscope, the aluminum surface looks like a series of raw teeth which r...
000100515000000533
76,958
1,999
The Incentive Stock and Option Plan and previous Long-Term Performance Stock Plans of Summit Bancorp provide for the grant of shares of common stock in the form of restricted stock awards. Shares issued as stock awards were 101,117 in 1995, 130,306 in 1994, and 234,781 in 1993. The shares awarded are subject to certain...
000095012396001495
101,320
1,995
Funding sources for the purchase price of the Circuit City Property were as follows: offering proceeds and cash in the amount of $9,313,609; a first mortgage loan in the amount of $12,500,000 from Principal Mutual Life Insurance Company plus accrued interest of $6,552 thereon; and an unsecured loan from CRAAC in the am...
000090660297000057
853,075
1,996
The Company received supplier refunds totaling $3.2 million in 1995. The refunds are being returned to firm gas customers through the cost of gas adjustment. In addition, the Company's Dividend Reinvestment and Stock Purchase Plan ("DRIP") has provided a stream of common equity financing from year to year. In 1995, DRI...
000070450395000021
704,503
1,995
The Ameritech landline telephone companies provide access services for the origination and termination of interstate telecommunications. The access charges are of three types: common line, switched access and trunking.
000004978994000008
49,789
1,993
In connection with its principal business activities, the Company generates revenues from the interest and fees charged to customers and, to a much lesser extent, the interest earned on its portfolio of liquid investments. The Company's costs include primarily interest paid to depositors and to other providers of borro...
000095015000000250
46,267
1,999
McDonald Securities competes with other securities firms and with banks, insurance companies, and other financial institutions principally on the basis of service, product selection, price, location and reputation in local markets. McDonald Securities operates at a price disadvantage to discount brokerage firms that do...
000095015297004591
720,900
1,997
Pension Plans. In connection with the Distribution, the Company, General Instrument and CommScope entered into an Employee Benefits Allocation Agreement (the "Agreement"). The Agreement provides that the Company generally will assume or retain, as the case may be, all liabilities under employee benefits plans maintaine...
000095012300002392
40,656
1,999
Estimates of petroleum reserves have not been made by independent engineers. The valuation of proved reserves may be revised in the future on the basis of new information as it becomes available. Estimates of proved reserves are inherently imprecise.
000071719797000004
717,197
1,996
There were no reports on Form 8-K filed by the Company during the year ended March 31, 1996.
000093176397001086
706,507
1,997
Item 7.Management's Discussion and Analysis of Financial Condition and Results of OperationsThe requirements to satisfy this item are incorporated by reference to the "Management's Discussion and Analysis" section of the Company's 1999 Annual Report.Item 7A.Quantitative and Qualitative Disclosure About Market RiskNone....
000089155499002331
807,877
1,999
The first two of the above obligations are unsecured. The $6,250,000 note due to the insurance company is convertible into shares of common stock at a rate of approximately $14.67 per share. The notes payable to the insurance company contain a prepayment penalty and require, among other things, that certain working cap...
000091205795001751
108,721
1,994
The following table sets forth, for the periods indicated, the percentage increase or decrease of certain items included in the Company's consolidated statements of income.
000090571898000442
865,846
1,998
William H. Burchfield (age 58) is an Executive Vice President of the Company, a position which he has held since November 1982. He has responsibility for the domestic printing and writing papers business.
000095013094000536
19,150
1,993
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