-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P7S9Mee8vME/jRUkg1i8fl2KzNwu0R63uIxuubPrNJjE455wNH5Npetsa3oi6Oo9 dVstqT5yBoy0QKMC3mT0ng== 0000819005-00-000004.txt : 20000504 0000819005-00-000004.hdr.sgml : 20000504 ACCESSION NUMBER: 0000819005-00-000004 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000430 FILED AS OF DATE: 20000503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIEHL GRAPHSOFT INC CENTRAL INDEX KEY: 0000819005 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 521407016 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-24318 FILM NUMBER: 617654 BUSINESS ADDRESS: STREET 1: 10270 OLD COLUMBIA RD STREET 2: STE 100 CITY: COLUMBIA STATE: MD ZIP: 21046 BUSINESS PHONE: 4102905114 10QSB/A 1 QUARTERLY REPORT FOR DIEHL GRAPHSOFT, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. FORM 10-QSB/A (Mark One) [x] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED FEBRUARY 29, 2000 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ COMMISSION FILE NUMBER: 0-24318 DIEHL GRAPHSOFT, INC - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Maryland 52-1407016 - ------------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S. employer identification no.) incorporation or organization) 10270 Old Columbia Road, Columbia, Maryland 21046 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 410-290-5114 - ------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report.) Check 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 _____ APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. 3,070,705 SHARES OF COMMON STOCK. TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE) YES ____ NO __X__ 1 DIEHL GRAPHSOFT, INC. FORM 10-QSB/A INDEX Number Page PART I FINANCIAL INFORMATION Item 1 Financial Statements: Balance Sheet (unaudited) as of February 29, 2000 3 Statements of Operations (unaudited) for the three months ended February 29, 2000 and Febrary 28, 1999 and (unaudited) for the nine months ended February 29, 2000 and Febrary 28, 1999 4 Statements of Cash Flows (unaudited) for the nine months ended February 29, 2000 and February 28, 1999 5 Statements of Stockholders' Equity (unaudited) as of February 29, 2000 and February 28, 1999 6 Notes to Financial Statements 7 Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 8 PART II OTHER INFORMATION Item 2 Changes in Securities and Use of Proceeds 12 Item 6 Exhibits and Reports 13 SIGNATURES 14 2 DIEHL GRAPHSOFT, INC. BALANCE SHEET (Unaudited) February 29, 2000 ASSETS Current assets: Cash $ 1,075,441 Marketable securities 8,419,788 Accounts receivable 458,928 Inventory 74,286 OTHER 237,254 ---------- TOTAL CURRENT ASSETS 10,265,697 Fixed assets: Equipment 968,492 Furnishings and fixtures 133,017 LEASEHOLD IMPROVEMENTS 47,688 ---------- 1,149,197 ACCUMULATED DEPRECIATION 819,967 NET FIXED ASSETS 329,230 Other assets: Certificate of deposit 30,502 Deferred transaction costs, net of accumulated amortization of $24,369 251,119 Software development and licensing costs, net of accumulated amortization of $1,793,345 1,297,656 OTHER 9,302 ---------- TOTAL OTHER ASSETS 1,588,579 TOTAL ASSETS $12,183,506 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 736,211 INCOME TAXES PAYABLE 18,601 ---------- TOTAL CURRENT LIABILITIES 754,812 Long term liabilities: DEFERRED INCOME TAXES 414,499 TOTAL LIABILITIES 1,169,311 Stockholders' equity: Common stock - $.01 par value; 10,000,000 shares authorized, 3,070,705 shares issued and outstanding 30,707 Additional paid in capital 4,128,900 RETAINED EARNINGS 6,854,588 ---------- TOTAL STOCKHOLDERS' EQUITY 11,014,195 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $12,183,506 See accompanying notes to financial statements 3 DIEHL GRAPHSOFT, INC. STATEMENT OF OPERATIONS (Unaudited) For the three For the nine month period ended month period ended FEBRUARY 29, FEBRUARY 28, FEBRUARY 29, FEBRUARY 28, 2000 1999 2000 1999 ---- ---- ---- ------ Sales $2,013,652 $2,409,580 $6,460,905 $5,470,655 COST OF SALES 647,114 721,422 1,844,603 1,663,470 --------- --------- --------- --------- GROSS PROFIT 1,366,538 1,688,158 4,616,302 3,807,185 --------- --------- --------- --------- Operating expenses: General & administrative 614,302 525,673 1,639,024 1,393,923 Selling & marketing 691,073 566,197 1,936,217 1,540,632 Research & DEVELOPMENT 134,662 145,703 399,364 367,085 --------- --------- --------- --------- Total operating EXPENSES 1,440,037 1,237,573 3,974,605 3,301,640 --------- --------- --------- --------- Income (loss) from OPERATIONS (73,499) 450,585 641,697 505,545 --------- --------- --------- --------- Other income and expenses: Interest income 120,936 114,044 368,683 332,748 OTHER - 12,547 (5,123) 12,547 --------- --------- -------- --------- TOTAL OTHER INCOME 120,936 126,591 363,560 345,295 --------- --------- -------- --------- Income before income taxes 47,437 577,176 1,005,257 850,840 Provision for INCOME TAXES 8,000 155,000 311,000 216,000 --------- --------- --------- --------- NET INCOME $ 39,437 $ 422,176 $ 694,257 $ 634,840 ========= ========= ========= ========= Net income per share - basic and FULLY DILUTED $ .01 $ .14 $ .23 $ .20 ========= ========= ========== ========= Weighted average number of shares outstanding: BASIC 3,070,705 3,092,179 3,061,844 3,117,695 ========= ========= ========= ========= FULLY DILUTED 3,103,140 3,092,179 3,080,310 3,117,695 ========= ========= ========= ========= See accompanying notes to financial statements 4 DIEHL GRAPHSOFT, INC. STATEMENT OF CASH FLOWS (Unaudited) For the nine months ended FEBRUARY 29, FEBRUARY 28, 2000 1999 Cash flows from operating activities: Net income $ 694,257 $ 634,840 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of bond premiums and discounts (113,238) (55,390) Deferred income taxes 11,743 29,543 Depreciation and other amortization 953,991 999,663 Extention of compensatory 130,000 - Other 5,123 (12,547) Changes in operating assets and liabilities: Accounts receivable (88,182) (118,022) Inventory 49,315 (65,246) Other current assets 73,586 (99,304) Other assets (50) (50) Accounts payable and accrued expenses 39,565 233,310 INCOME TAXES RECEIVABLE/PAYABLE 71,575 (153,360) --------- --------- NET CASH PROVIDED BY OPERATING ACTIVITIES 1,827,685 1,393,437 --------- --------- Cash flows from investing activities: Purchase of certificate of deposit (30,502) - Purchases of marketable securities - (2,995,538) Sale and maturities of marketable securities 357,245 3,683,400 Capitalized software and licensing costs (1,021,412) (964,638) Purchase of fixed assets (100,732) (125,887) INVESTMENT IN TRANSACTION COSTS (236,896) - ---------- ----------- Net cash (used in) INVESTING ACTIVITIES (1,032,297) (402,663) --------- --------- Cash flows from financing activities: Issuance of common stock 99,441 - REDEMPTION OF COMMON STOCK (64,838) (170,795) --------- --------- Net cash provided by (used in) FINANCING ACTIVITIES 34,603 (170,795) --------- --------- Net increase in cash 829,991 819,979 CASH BALANCE BEGINNING OF PERIOD 245,450 376,754 --------- --------- CASH BALANCE END OF PERIOD $1,075,441 $1,196,733 ========= ========= Supplemental disclosure of cash flow information: CASH PAID FOR INCOME TAXES $ 227,682 $ 339,817 ========= ========= Issuance of common stock $ 9,097 $ 7,500 REDUCTION IN ACCRUED EXPENSES (9,097) (7,500) --------- --------- $ - $ - ========= ========= See accompanying notes to financial statements 5 DIEHL GRAPHSOFT, INC. STATEMENT OF STOCKHOLDER' EQUITY (Unaudited) Additional Common Common Paid in Retained SHARES STOCK CAPITAL EARNINGS TOTAL Balance May 31, 1998 3,147,637 $31,476 $4,182,812 $5,082,509 $ 9,296,797 Issuance of Common Stock 1,875 19 7,481 - 7,500 Redemption of Common Stock (60,200) (602) (170,193) - (170,795) NET INCOME - - - 634,840 634,840 --------- ------ -------- --------- -------- Balance FEBRUARY 28, 1999 3,089,312 $30,893 $4,020,100 $5,717,349 $ 9,768,342 ========= ======= ========== ========== ========== Balance May 31, 1999 3,071,314 $30,713 $3,955,194 $6,160,331 $10,146,238 Issuance of Common Stock 16,591 166 108,372 - 108,538 Extention of Compensatory option - - 130,000 - 130,000 Redemption of Common Stock (17,200) (172) (64,666) - (64,838) NET INCOME - - - 694,257 694,257 --------- -------- ----------- ---------- ---------- Balance FEBRUARY 29,2000 3,070,705 $30,707 $4,128,900 $6,854,588 $11,014,195 ========= ====== ========= ========= ========== See accompanying notes to financial statements 6 DIEHL GRAPHSOFT, INC. NOTES TO FINANCIAL STATEMENTS NOTE A - BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all necessary adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month period ended February 29, 2000 are not necessarily indicative of the results that may be expected for the year ended May 31, 2000. NOTE B - WEIGHTED AVERAGE SHARES OUTSTANDING Weighted average number of shares outstanding during the periods is computed as follows: For the three months ended For the nine months ended FEBRUARY 29, FEBRUARY 28 FEBRUARY 29, FEBRUARY 28, 2000 1999 2000 1999 ---- ---- ---- ---- Average outstanding shares 3,070,705 3,092,179 3,061,844 3,117,695 Diluted effect of stock OPTIONS AND WARRANTS 32,435 - 18,466 - --------- --------- --------- --------- Weighted average number of SHARES OUTSTANDING 3,103,140 3,092,179 3,080,310 3,117,695 ========= ========= ========= ========= Note C - DEFERRED TRANSACTION COST On February 18,2000 the Company signed an agreement and plan of merger with a wholly owned subsidiary of Nemetschek A.G. The agreement provides for the conversion of all Company common stock into cash at $9.50 per share upon satisfaction of all outstanding conditions. In connection with the agreement, the Company incurred cost totaling $236,896, which is reported on the balance sheet at February 29, 2000 with deferred transaction costs. 7 DIEHL GRAPHSOFT, INC. MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS In connection with the Private Securities Litigation Reform Act of 1995 (the "Litigation Reform Act"), the Company is hereby disclosing certain cautionary information to be used in connection with written materials (including this Report on Form 10-QSB) and oral statements made by or on behalf of its employees and representatives that may contain "forward looking statements" within the meaning of the Litigation Reform Act. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward looking terminology such as "may," "expect," "anticipate," "estimate" or "continue" or the negative thereof or other variations thereon or comparable terminology. The listener or reader is cautioned that all forward looking statements are necessarily speculative and there are numerous risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward looking statements. Included in such risks are (1) the acceptance of new product introductions, (2) quality of engineering in new software, (3) delays pertaining to planned introduction of new products, (4) lack of diversified product portfolio, (5) effect of competitor inroads into the Company's markets, (6) limited barriers to entry, (7) reliance on international markets and foreign currency fluctuations, (8) dependence on distributor channels, (9) fluctuations in quarterly operations associated with the age of Company products in their life cycles and the timing of orders from distributors, (10) intellectual property infringements, and (11) attraction and retention of quality employees, among others. The reader or listener is cautioned that the Company does not have a policy of updating or revising forward looking statements and thus he or she should not assume that silence by management over time means that actual events are bearing out as estimated in such forward looking statements. Results of Operations for the three and nine months ended February 29, 2000 as compared to the three and nine months ended February 28, 1999. REVENUES Revenues for the three months ended February 29, 2000 were $2,013,652 as compared to $2,409,580 for the three months ended February 28, 1999 representing a decrease of 16.4%. Revenues for the nine months ended February 29, 2000 were $6,460,905 as compared to $5,470,655 for the nine months ended February 28, 1999 representing an increase of 18.1%. The following table sets forth the changes in the selective components of revenue for the three and nine month periods ended February 29, 2000 as compared with the three and nine month periods ended February 28, 1999. 8 For the three month period ended For the nine month period ended FEBRUARY 29, FEBRUARY 28, FEBRUARY 29, FEBRUARY 28, 2000 1999 2000 1999 VectorWorks for Windows (New product) $602,595 $660,164 $1,904,404 $1,628,128 VectorWorks for Windows (Upgrades) 103,364 166,926 324,423 350,618 VectorWorks for the Macintosh (New product) 699,019 910,252 2,699,993 2,407,867 VectorWorks for the Macintosh (Upgrades) 133,490 263,854 435,212 572,676 RenderWorks 109,816 319,472 319,472 608,339 Revenues dropped in the three months ended February 29, 2000 from the three months ended February 28, 1999. The drop is largely attributable to the aging of VectorWorks and RenderWorks as products in the marketplace. These declines were partly offset by the Company's introduction of VectorWorks Architect in December 1999, which carries industry specific solutions for the architectural market, and generated revenues of $180,849 for the three months ended February 29, 2000. VectorWorks was introduced in January 1999 and foreign revenues contributed substantially to the growth for the nine months ended February 29, 2000 when compared with the nine months ended February 28, 1999. Foreign revenues totaled $1,149,699 for the three months ended February 29, 2000 as compared to $1,141,536 for the three months ended February 28, 1999. Foreign revenues represented 57.1% and 47.4% of total revenues for the three months ended February 29, 2000 and February 28, 1999 respectively. Foreign revenues totaled $4,102,812 for the nine months ended February 29, 2000 as compared to $3,028,044 for the nine months ended February 28, 1999. Foreign revenues represented 63.5% and 55.4% of total revenues for the nine months ended February 29, 2000 and February 28, 1999 respectively. Foreign revenues from Japan represented 10.3% and 13.7% of total revenues for the three months ended February 29, 2000 and February 28, 1999 respectively. Foreign revenues from Japan represented 24.2% and 23.2% of total revenues for the nine months ended February 29, 2000 and February 28, 1999 respectively. The decline in revenue from Japan in the three month periods ended February 29, 2000 and February 28, 1999 when compared with the nine month periods ended February 29, 2000 and February 28, 1999 is largely attributable to timing of large orders. Revenues from European countries represent the substantial remainder of foreign revenues during the periods presented. 9 COST OF REVENUES The cost of revenues for the three months ended February 29, 2000 was $647,114 as compared to $721,422 for the three months ended February 28, 1999 representing an decrease of 10.3%. The cost of revenues for the nine months ended February 29, 2000 was $1,844,603 as compared to $1,663,470 for the nine months ended February 28, 1999 representing an increase of 10.9%. The gross profit percentages for the three months ended February 29, 2000 and February 28, 1999 were 67.8% and 70.1% respectively. The gross profit percentages for the nine months ended February 29, 2000 and February 28, 1999 were 71.4% and 69.6% respectively. Gross profit percentages were negatively impacted by compensation expense increases of $48,750 in both the three and nine months ended February 29, 2000 as compared to the three and nine months ended February 28, 1999. The increase is the result of a non-qualified stock option issuance to an engineering executive at strike price below Fair Market Value in the three months ended February 29, 2000. The slight improvement in gross profit percentage during the nine months ended February 29, 2000 as compared to the nine months ended February 28, 1999 is largely due to the reduction in upgrade revenues which generally have costs equal to those of new products and generate less revenue per unit. Additionally, increased foreign revenues contributed to this decrease where much of the production costs are passed to local foreign distributors. Increased amortization of software development and licensing costs also contributed to these decreases in the three month period ended February 29, 2000 as compared to the three month period ended February 28, 1999 and partly offset the increases in gross profit percentages in the nine month period ended February 29,2000 as compared to the nine month period ended February 28, 1999. These costs rose to $288,572 for the three months ended February 29, 2000 from $232,242 for the three months ended February 28, 1999 These costs rose to $823,688 for the nine months ended February 29, 2000 from $$642,204 for the nine months ended February 28, 1999. These costs rose due to our increased commitment to development of new technology. OPERATING EXPENSES General and Administrative expenses rose to $614,302 for the three months ended February 29, 2000 from $525,673 for the three months ended February 28, 1999 representing an increase of 16.9%. General and administrative expenses rose to $1,639,024 for the nine months ended February 29, 2000 from $1,393,923 for the nine months ended February 28, 1999, representing an increase of 17.6%. Salary expenses and overall fringe benefit costs rose to $343,610 for the three months ended February 29, 2000 from $280,348 for the three months ended February 28, 1999. Salary expenses and overall fringe benefit costs rose to $892,023 for the nine months ended February 29, 2000 from $727,661 for the nine months ended February 28, 1999. Expenses rose for the nine months ended February 29, 2000 from the nine months ended February 28, 1999 due to increased compensation expense of $ 65,000 resulting from the issuance of a non-qualified stock optionto an excutive officer of the Company at a strike price below Fair Market Value in the three month period ended February 29, 2000 and with an increased commitment to other areas of operations. Selling and marketing expenses rose to $691,073 for the three months ended February 29, 2000 from $566,197 for the three months ended February 28,1999 representing an increase of 22.1%. Selling and marketing expenses rose to $1,936,217 for the nine months ended February 29, 2000 from $1,540,632 for the nine months ended February 28, 1999 representing an increase of 25.7%. Salary and contract fees rose to $244,558 for the three months ended February 29, 2000 from $188,183 for the three months ended February 28, 1999. 10 Salary and contract fees rose to $789,268 for the nine months ended February 29, 2000 from $445,034 for the nine months ended February 28, 1999. The increase reflects the Company's restructuring in early calendar 1999 to increase market research for new products and product features. Increases in the three month period ended February 29, 2000 over the three month period ended February 28, 1999 were more modest than the increases in the nine month period ended February 29, 2000 over the nine month period ended February 28, 1999 because of bonuses issued in the quarter ended February 28, 1999. Research and development expenses declined to $134,662 for the three months ended February 29, 2000 from $145,703 for the three months ended February 28, 1999 representing a decrease of 7.6%. Research and development expenses rose to $399,364 for the nine months ended February 29, 2000 from $367,085 for the nine months ended February 28, 1999 representing an increase of 8.8%. The decrease in the three month period ended February 29, 2000 from the three month period ended February 28, 1999 and the modest increase in the nine month ended February 29, 2000 from the nine months ended February 28, 1999 reflects bonuses issued in the three months ended February 28, 1999 to employees. The Company remains committed to increased engineering and research for new technology. OTHER INCOME AND EXPENSE Other income and expenses declined to $120,936 for the three months ended February 29, 2000 from $126,591 for the three months ended February 28, 1999 representing a decrease of 4.4%. Other income and expenses rose to $363,560 for the nine months ended February 29, 2000 from $345,295 for nine months ended February 28, 1999 representing an increase of 5.3%. Other income and expenses consist principally of interest income during the periods. Declines in interest rates for invested securities in calendar 1999 substantially offset the increased investment base in the three and nine months ended February 29, 2000 as compared to the three and nine months ended February 28, 1999 NET INCOME AND INCOME TAXES Net income declined to $39,437 for the three months ended February 29, 2000 from $422,176 for the three months ended February 28, 1999. Net income rose to $694,257 for the nine months ended February 29, 2000 from 634,840 for the nine months ended February 28, 1999. The net income for the three months ended February 29, 2000 and February 28, 1999 is after giving effect to a provision for income taxes of $8,000 and $155,000, respectively. The increase in net income for the nine months ended February 29, 2000 as compared to the nine months ended February 28, 1999 is after giving effect to a provision for income taxes of $311,000 and $216,000 respectively. The effective income tax rates for the three months ended February 29, 2000 and February 28, 1999 were 16.9% and 26.9%, respectively. The decrease in effective tax rate for the three months ended February 29, 2000 as compared to the three months ended February 28, 1999 reflects the increase in tax exempt investment income as a percentage of total income in the three month period ended February 29, 2000. The effective income tax rates for the nine months ended February 29, 2000 and February 28, 1999 were 30.9% and 25.4% respectively. The increase in effective tax rate for the nine months ended February 28, 2000 as compared to the nine months ended 11 February 28, 1999 reflects the tax benefits from a charitable donation of an older version of Company product during the nine months ended February 28, 1999. Liquidity and Capital Resources The company increased its working capital by $732,650 or 8.3% from $8,778,235 at February 28, 1999 to $9,510,885 at February 29, 2000. Working capital increased by $439,553 or 4.8% from $9,071,332 at May 31, 1999. The increase in working capital is primarily due to cash flows from operations during the period. These cash flows have in part been invested into equipment and software development and in part used to repurchase Company stock. During the nine months ended February 28, 1999, the Company used cash flows to repurchase 17,200 shares of Company stock at an average price of $3.77 per share. The Company continues to maintain its excess cash in marketable securities with maturities of seven years or less. At February 29, 2000 marketable securities consisted of 30% corporate bonds, 32% municipal obligations and 38% U.S. Government obligations. At February 29, 2000, the Company maintained cash and marketable securities of $3.09 per share. The Company's future capital requirements will depend upon many factors, including the extent, timing and progress of the Company's development of new software. The Company anticipates that its existing capital resources and earnings from operations will be adequate to satisfy its capital requirements for the next twelve months. The Company will continue to have working capital needs that will be affected by the progress of the Company's research and development activities and capital expenditures. However, the Company expects that its current working capital along with the cash generated from future operations will satisfy its operating cash needs for the foreseeable future. 12 PART II OTHER INFORMATION Exhibit 27 - Financial Data Schedule The Company has filed one report on Form 8-K during the three months ended February 29, 2000. 13 SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DIEHL GRAPHSOFT, INC. DATE: May 1, 2000 By:/s/Richard Diehl Richard Diehl, President Chief Executive Officer DATE: May 1, 2000 /s/ Joseph Schmelzle Joseph Schmelzle, Treasurer Chief Financial and Accounting Officer 14 EX-27 2 ART. 5 FDS FOR 3RD QUARTER 10-Q
5 1 3-MOS MAY-31-2000 Feb-29-2000 1075441 8419788 458928 0 74236 10265697 1149197 819967 12183506 884,812 0 0 0 30707 10853488 12183506 2013652 2013652 647114 1440037 0 0 0 47437 8000 39437 0 0 0 39437 .01 .01
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