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| USAK > SEC Filings for USAK > Form 8-K on 26-Apr-2012 | All Recent SEC Filings |
26-Apr-2012
Results of Operations and Financial Condition, Financial Statements and Exhibits
On April 19, 2012, the Registrant issued a news release announcing its revenues and results of operations for the first quarter of 2012. A copy of the news release is furnished as an exhibit to this Form 8-K.
The Registrant's news release dated April 19, 2012, contained incorrect net cash (used in) provided by operating activities and capital expenditures, net for the three months ended March 31, 2012, due to a change in the way certain new equipment was acquired. At year end, the Registrant expected to pay cash for certain new equipment and subsequently decided to finance such equipment with capital leases. Based upon such change, net cash (used in) operating activities changed from ($2,774,776) to a corrected net cash provided by operating activities of $969,319 and capital expenditures, net changed from $1,423,399 to a corrected $5,167,494. Presented below are the corrected figures in the format presented in the April 19, 2012 news release.
Selected other financial information:
(in thousands)
Three Months Ended March 31,
2012 2011
(unaudited)
Net cash provided by operating $ $
activities 970 4,717
Capital expenditures,
net 5,167 16,834
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(d) Exhibits
99.1 News release issued by the Registrant on April 19, 2012.
The information contained in Items 2.02 and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
The information in Items 2.02 and 9.01 of this report and the exhibit hereto may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements are made based on the current beliefs and expectations of the Registrant's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by forward-looking statements. Please refer to the paragraph containing cautionary forward-looking language near the end of the attached news release and various disclosures by the Registrant in its news releases, stockholder reports, and filings with the Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.
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