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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 19, 2001
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SIGA Technologies, Inc.
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Delaware 0-23047 13-3864870
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
420 Lexington Avenue, New York, New York 10170
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 672-9100
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
Item 7. ADJUSTED FINANCIAL STATEMENT
(A) Adjustments to the June 30, 2001 Balance Sheet
EXHIBIT 7(A)
The following schedule presents unaudited adjustments to the Company's
balance sheet for the period ended June 30, 2001. The adjustments include
the sale by the Company of 409,636 shares of its common stock and warrants
to purchase 307,226 shares of common stock and the receipt by the Company
of approximately $1,150,000 in net proceeds and the conversion of the
remaining 6% convertible debt and interest thereon, as described in Item 5
of the Form 8-K filed on September 26, 2001. The adjustments also include
the unaudited net loss of the Company for the two months ended August 31,
2001, which includes a non-cash charge of $612,750 to reflect the granting
of vested stock options at below market price to the Company's directors.
The adjustments only include selected items and do not reflect all the
changes that have occurred since June 30, 2001, and is not necessarily
indicative of the Company's future operating results.
As Reported Adjustments Adjusted as of
30-Jun-01 31-Aug-01
ASSETS
Current Assets
Cash & Cash Equiv $ 1,184,228 $ 1,150,000 $ 2,334,228
Accounts Receivable 26,312 26,312
Prepaid Expenses 166,628 166,628
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Total Current Assets 1,377,168 1,150,000 2,527,168
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Fixed Asset
Property, Plant, & Equipment-net 872,778 872,778
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Other Assets
Investments 275,106 275,106
Other Assets 159,983 159,983
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Total Other Assets 435,089 435,089
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TOTAL ASSETS $ 2,685,035 $ 1,150,000 $ 3,835,035
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LIABILITIES & EQUITY
Current Liabilities
Accounts Payable $ 340,854 $ 340,854
Accrued Expenses 192,143 192,143
Capital Lease Obligations 366,683 366,683
Deferred Revenue 5,000 5,000
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Total Current Liabilities 904,680 904,680
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Long Term Liabilities
6% Convertible Note 78,010 (78,010) --
Accrued Interest 8,500 (8,500) --
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Total Long Term Liabilities 86,510 (86,510) --
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Equity
Preferred Stock 938,676 86,510 1,025,186
Common Stock 805 41 846
Additional Paid-in Capital 24,378,144 1,800,209 26,178,353
Deferred Compensation (294,361) (294,361)
Retained Earnings (23,329,419) (1,121,028) (24,450,447)
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Total Equity 1,693,845 765,732 2,459,577
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TOTAL LIABILITIES & EQUITY $ 2,685,035 $ 679,222 $ 3,364,257
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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 hereunto duly authorized.
October 12, 2001 SIGA TECHNOLOGIES, INC.
By: /s/ Thomas N. Konatich
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Thomas N. Konatich
Chief Financial Officer
and Secretary