UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
(Amendment No. 1)
(Mark One)
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ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
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FOR THE FISCAL YEAR ENDED MARCH 31, 2008
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OR
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TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
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For the transition period from _______________ to _______________
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Commission File number: 811-0969
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FCCC, INC.
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(Exact name of small business issuer as specified in its charter)
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Connecticut
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06-0759497
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(State or other jurisdiction
of incorporation or organization)
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(I.R.S. Employer Identification No.)
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200 Connecticut Avenue,
Norwalk, Connecticut 06854
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(Address of principal executive offices)
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(203) 855-7700
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(Issuer's telephone number)
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Securities registered under Section 12(b) of the Exchange
Act:
NONE
Securities registered under Section 12(g) of the Exchange
Act:
COMMON STOCK
Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.
Yes |_| No |X|
Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes |_| No |X|
Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer or a smaller reporting company. Large accelerated filer |_| Accelerated filer |_| Non-accelerated filer |_|
Smaller Reporting company |X|
Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
Yes |X| No |_|
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 |_|
Check if the disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this 10-KSB or
any amendment to this Form 10-KSB. |_|
State issuer's revenues for its most recent fiscal year ended March 31, 2008: $73,000
As of May 22, 2008, the aggregate market value of the issuer's common stock held
by non-affiliates of the issuer was approximately $808,860.
APPLICABLE ONLY TO CORPORATE ISSUERS
The number of shares outstanding of the issuer's Common Stock, as of May 22, 2008, was: 1,561,022.
Transitional Small Business Format: Yes |_| No |X|
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FCCC, INC.
EXPLANATORY NOTE
This Amendment No. 1 on
Form 10-KSB/A (this Amendment) amends the Registrants Annual Report
on Form 10-KSB for the fiscal year ended March 31, 2008, which the Registrant
previously filed with the Securities and Exchange Commission (the SEC) on June
26, 2008 (the Original Filing). The Registrant is filing this Amendment in
response to comments received from SEC staff by letters dated December 30, 2008 and
January 23, 2009. In addition, as required by Rule 12b-15 under the Securities
Exchange Act of 1934, new certifications by our principal executive officer and principal
financial officer are filed as exhibits to this Amendment and apply to this Amendment and
the Original Filing, as amended. Except as set forth below, the Original Filing has
not been amended, updated or otherwise modified.
1.
The following replaces the text set forth below the heading Item 8A Controls
and Procedures on Page 17 of the Companys Annual Report:
Report of Management on
Internal Controls Over Financial Reporting
The Companys management is
responsible for establishing and maintaining adequate internal controls over financial
reporting, as defined in Rule 13a-15(f) and 15d-15(f) under the Securities Exchange Act of
1934. Our internal controls over financial reporting is a process designed by, or under
the supervision of, the Companys Chief Executive Officer, who is also the
Companys Chief Financial Officer, to provide reasonable assurance to the
Companys Board of Directors regarding the reliability of financial reporting and the
preparation and fair presentation of published financial statements in accordance with
accounting principles generally accepted in the United States of America
(GAAP). Internal controls over financial reporting including those policies
and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the Companys transactions and dispositions of the
Companys assets; (2) provide reasonable assurances that the Companys
transactions are recorded as necessary to permit preparation of the Companys
financial statements in accordance with GAAP, and that receipts and expenditures are being
made only in accordance with authorizations of the Companys management and
directors; and (3) provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of the companys assets that could
have a material effect on the Companys financial statements.
The Companys management
assessed the effectiveness of the Companys internal controls over financial
reporting as of March 31, 2008. In making this assessment, management used the criteria
set forth by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission
in
Internal Controls Integrated Framework.
This annual report does not include
an attestation report of the Companys independent registered public accounting firm
regarding internal controls over financial reporting pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
managements report in this annual report.
During the Companys fourth
fiscal quarter and during the fiscal year ended March 31, 2008, there were no changes in
the Companys internal controls over financial reporting that have materially
affected, or are reasonably likely to materially affect, the Companys internal
control over financial reporting.
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2.
The following text is added below the Report of Management on Internal
Controls Over Financial Reporting
Evaluation of Disclosure
Controls and Procedures
Subsequent to the filing date of our
Original Filing, the Companys management evaluated the effectiveness of the
Companys disclosure controls and procedures as defined in Rule 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934. Based on this evaluation, we
determined that our disclosure controls and procedures per Item 307 of Regulation S-K had
a material weakness. In connection with the preparation and filing of our Original Filing,
we inadvertently failed to disclose the information required by Item 308T of Regulation
S-K regarding managements annual report on internal control over financial reporting
and complete disclosure required by Item 308(c) of Regulation S-K. Accordingly, we
determined that our disclosure controls and procedures were not effective to satisfy the
objectives for which they are intended. Our plan to remediate the foregoing is to closely
monitor and stay abreast of changes and modifications that impact the Companys
reporting obligations and respond accordingly.
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 duly authorized.
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FCCC, INC.
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Dated: February 4, 2009
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By:
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Name: Bernard Zimmerman
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Title: President, Chief Executive Officer and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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31.1
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Certificate of the Principal Executive Officer and Principal Financial Officer
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
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32.1
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Certificate of the Principal Executive Officer and Principal Financial Officer
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
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