10-Q/A 1 a06-12303_110qa.htm AMENDMENT TO QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(D)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q/A

 

(Amendment No. 1)

 


 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended January 31, 2006

 

Commission File Number 0-11518

 

PPT VISION, INC.

(Exact name of Small Business Issuer as specified in its charter)

 

MINNESOTA

 

41-1413345

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification Number)

 

 

 

12988 Valley View Road Eden Prairie, Minnesota

 

55344

(Address of principal executive offices)

 

(Zip Code)

 

 

 

(952) 996-9500

(Issuer’s telephone number, including area code)

 

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2) of the Exchange Act. Yes o  No ý

 

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 last 90 days. Yes ý  No o

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o  No ý

 

Shares of $.10 par value common stock outstanding at February 21, 2006: 2,998,747

 

 



 

Amendment of Form 10-Q
 

In converting to EDGAR format and transmitting to the Securities and Exchange Commission the Form 10-Q for PPT Vision, Inc. for the quarter ended January 31, 2006, the third party service provider engaged by PPT Vision inadvertently switched the column headings for the 2005 and 2006 Statement of Operations. This Form 10-Q/A corrects that error.

 

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PPT VISION, INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

 

 

 

Three Months Ended

 

 

 

January 31,

 

 

 

2006

 

2005

 

Revenues

 

$

1,582,000

 

$

1,525,000

 

Cost of revenues.

 

702,000

 

729,000

 

 

 

 

 

 

 

Gross profit

 

880,000

 

796,000

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

Sales and marketing

 

559,000

 

686,000

 

General and administrative

 

236,000

 

291,000

 

Research and development

 

329,000

 

374,000

 

Total expenses

 

1,124,000

 

1,351,000

 

 

 

 

 

 

 

Interest and other income

 

40,000

 

9,000

 

 

 

 

 

 

 

Loss from continuing operations

 

(204,000

)

(546,000

)

 

 

 

 

 

 

Loss from discontinued operations

 

 

(64,000

)

Net loss

 

$

(204,000

)

$

(610,000

)

 

 

 

 

 

 

Per share data:

 

 

 

 

 

Weighted average basic shares outstanding

 

2,999,000

 

2,996,000

 

Weighted average diluted shares outstanding

 

2,999,000

 

2,996,000

 

Basic and diluted loss per common share

 

 

 

 

 

Loss from continuing operations

 

$

(0.07

)

$

(0.18

)

Loss from discontinued operations

 

$

 

$

(0.02

)

Net loss

 

$

(0.07

)

$

(0.20

)

 

See accompanying notes to condensed financial statements

 

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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 thereunto duly authorized.

 

 

PPT VISION, INC.

Date: May 19, 2006

 

 

 

 

/s/ Joseph C. Christenson

 

 

Joseph C. Christenson

 

President, Chief Executive Officer and
Chief Financial Officer

 

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