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Form 8-K/A GLOBALSCAPE INC For: Feb 06

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February 6, 2015 9:01 AM EST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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FORM 8-K/A
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CURRENT REPORT
Pursuant to Section�13 or 15(d) of the Securities Exchange Act of 1934
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February 6, 2015
Date of Report (Date of earliest event reported)
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GlobalSCAPE, Inc.
(Exact name of registrant as specified in its charter)
�
Delaware
001-33601
74-2785449
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
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4500 Lockhill Selma Road, Suite 150
San Antonio, Texas 78249
(210) 308-8267
(Address of principal executive offices and Registrants telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o�Written communications pursuant to Rule�425 under the Securities Act (17 CFR 230.425)
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o�Soliciting material pursuant to Rule�14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o�Pre-commencement communications pursuant to Rule�14d-2(b)�under the Exchange Act (17 CFR 240.14d-2(b))
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o�Pre-commencement communications pursuant to Rule�13e-4(c)�under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02
Results of Operations and Financial Condition
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On February 5, 2015, GlobalSCAPE, Inc. issued a press release announcing financial results for the Companys fourth quarter of fiscal year 2014 and for fiscal year 2014. Subsequent to issuing the press release, the Company corrected certain of the information in the financial statements included as part of the press release. These corrections related to the classification of certain expenses on the Consolidated Statement of Operations and Comprehensive Income. These corrections did not affect the Companys total revenues, total operating expenses, income before income taxes, net income or earnings per share as announced on February 5, 2015.

The Company has included with this amended Report the corrected versions of the Consolidated Statement of Operations and Comprehensive Income with the corrections indicated as Exhibit 99.1. The information included in this amended Report, including the Exhibit attached hereto, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01
Financial Statements and Exhibits
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(d) Exhibit
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SIGNATURES
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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.
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GLOBALSCAPE, INC.
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By:
/s/�James W. Albrecht, Jr.
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James W. Albrecht, Jr., Chief Financial Officer
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Dated: February 6, 2015
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EXHIBIT INDEX
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Exhibit 99.1


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GlobalSCAPE, Inc.
Consolidated Statements of Operations and Comprehensive Income
(in thousands, except per share amounts)
�
� �
For the Year Ended December 31,
 �
� �
2014
 � � � �
� �
As Previously
 � � � � �
As
 � � � �
� �
Reported
 � �
Reclassification
 � �
Corrected
 � �
2013
 �
Operating Revenues:
 � � � � � � � � � � � �
Software licenses
 � $ 9,168 � � � � � $ 9,168 � � $ 8,086 �
Maintenance and support
 � � 15,033 � � � � � � 15,033 � � � 13,650 �
Professional services
 � � 1,445 � � � � � � 1,445 � � � 1,479 �
Other
 � � 1,124 � � � � � � 1,124 � � � 1,124 �
Total revenues
 � � 26,770 � � � � � � 26,770 � � � 24,339 �
Operating Expenses:
 � � � � � � � � � � � � � � �
Cost of revenues
 � � 1,018 � � � � � � 1,018 � � � 1,011 �
Selling, general and administrative
 � � 15,224 � � 2,853 � � � 18,077 � � � 14,881 �
Research and development
 � � 5,030 � � (2,853 ) � � 2,177 � � � 3,766 �
TappIn intangible asset impairment and earnout liability elimination
 � � - � � � � � � - � � � (128 )
Depreciation and amortization
 � � 883 � � � � � � 883 � � � 908 �
Total operating expenses
 � � 22,155 � � � � � � 22,155 � � � 20,438 �
� � � � � � � � � � � � � � � �
Income (loss) from operations
 � � 4,615 � � � � � � 4,615 � � � 3,901 �
� � � � � � � � � � � � � � � �
Other income (expense):
 � � � � � � � � � � � � � � �
Interest expense
 � � (105 ) � � � � � (105 ) � � (227 )
Interest income
 � � 63 � � � � � � 63 � � � 62 �
Total other income (expense)
 � � (42 ) � � � � � (42 ) � � (165 )
Income (loss) before income taxes
 � � 4,573 � � � � � � 4,573 � � � 3,736 �
Provision for income taxes
 � � 1,547 � � � � � � 1,547 � � � (104 )
Net income (loss)
 � $ 3,026 � � � � � $ 3,026 � � $ 3,840 �
Comprehensive income (loss)
 � $ 3,026 � � � � � $ 3,026 � � $ 3,840 �
� � � � � � � � � � � � � � � �
Net income (loss) per common share - basic
 � $ 0.15 � � � � � $ 0.15 � � $ 0.21 �
� � � � � � � � � � � � � � � �
Net income (loss) per common share - diluted
 � $ 0.15 � � � � � $ 0.15 � � $ 0.20 �
� � � � � � � � � � � � � � � �
Weighted average shares outstanding:
 � � � � � � � � � � � � � � �
Basic
 � � 20,163 � � � � � � 20,163 � � � 18,626 �
� � � � � � � � � � � � � � � �
Diluted
 � � 20,693 � � � � � � 20,693 � � � 19,082 �


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