<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

  {X} ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
          THE SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)

                     For the fiscal year ended July 31, 2000

                                       OR

  { } TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
            SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

Commission File Number:  0-13011

                               TNR TECHNICAL, INC.
                              --------------------
             (Exact name of Registrant as specified in its charter)

            New York                                   11-2565202
--------------------------------                  ------------------------------
(State of jurisdiction of                            (I.R.S. Employer
 incorporation or organization)                      Identification Number)

301 Central Park Drive
Sanford, Florida                                         32771
--------------------------------                     --------------
(Address of principal executive offices)               (Zip Code)

Registrant's telephone number,
including area code:                                 (407) 321-3011
                                                     --------------

Securities registered pursuant to Section 12(b) of the Act:

                                      None
--------------------------------------------------------------------------------
Securities registered pursuant to Section 12(g) of the Act:

                          Common Stock, $.02 Par Value
--------------------------------------------------------------------------------
                                (Title of Class)

         Indicate by check mark 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     .
                                              ---     ---

         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein,
and will not be contained, to the best of Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in part III of this
Form 10-K or any amendment to this Form 10-K [x].

         As of September 30, 2000, the number of shares held by non-affiliates
was approximately 155,000 shares. Due to the limited market for the Company's
Common Stock, no value has been attributed to the shares held by non-affiliates.

         The number of shares outstanding of the issuer's Common Stock, as of
September 30, 2000 was 259,558.


<PAGE>



                                     PART I

Item 1.  Business

General

         TNR Technical, Inc. (the "Company") was incorporated on October 4, 1979
under the laws of the State of New York. The Company designs, assembles and
markets primary and secondary batteries to a variety of industrial markets. The
Company is an authorized distributor for several major battery manufacturers,
which products are distributed nationally by Company. The Company's business is
conducted principally at its two facilities in Sanford, Florida and Santa Ana,
California.

         The Company is an authorized distributor of nickel-cadmium, Ni-MH,
alkaline, lithium and sealed lead-acid batteries manufactured by Saft America,
Powersonic Battery, Varta Battery, Yuasa, Duracell, Renata, GP Battery, Eveready
Battery, and Sanyo Energy. As an authorized distributor, the Company purchases
cells, assembles them into battery packs and maintains an inventory for resale.
The Company sells its battery cells and/or battery packs to the industrial users
and wholesalers without geographical limitation and on a non-exclusive basis.
The Company also designs and assembles battery packs to customers'
specifications. The Company's batteries supply portable power for tools,
instruments, medical equipment, communications equipment, photography, radios
and remote control airplanes, video recorders, lighting and toys. The Company's
batteries supply standby power for electronic equipment, computer memories,
emergency lighting, fire and burglar alarms, electronic cash registers, logic
systems, medical instruments and communications systems.

         Sales under industrial and distribution programs accounted for
substantially all of the Company's total revenues during the Company's past
three fiscal years and no one customer accounted for 10% or more of the
Company's total revenues during these years. At July 31, 2000 and 1999, the
Company had no significant backlog.

Competition

         There are numerous companies producing and marketing batteries which
compete with those sold by the Company, including larger companies, battery
manufacturers and companies with a wider range of products and greater financial
and technical resources than the Company. It should be noted that the Company's
products and proposed products are technological in nature and that modern
technology often progresses rapidly. Accordingly, the Company's present and
proposed products are subject to the risk of obsolescence because of
technological innovation by competitors.

Employees

         At September 30, 2000, the Company leases from a non-affiliated party
its staff which includes 28 persons. Such staff includes eight salespersons
(including two executive officers), six clericals, two warehouse and shipping
personnel and twelve factory

                                       2

<PAGE>

workers. For a fee which is paid by the Company, the leasing company provides
the payroll, including, workmen's compensation, 401(k) plan and health
insurance. The Company's agreement with the leasing company can be terminated on
short notice at any time by the Company.

Item 2.  Properties

         The Company's principal executive office, sales, distribution and
assembly facility is located at 301 Central Park Drive, Sanford, Florida 32771.
These facilities, which consist of approximately 8,000 square feet of space, are
leased from RKW Holdings Ltd., a Florida Limited Partnership, controlled by
Wayne Thaw, an executive officer and director of the Company. The Florida lease
provides for a term of ten years with a current monthly rent of $6,482
(including sales taxes) with annual increases of five percent over the preceding
year's base rent. The Company is also responsible for the payment of all
insurance, property, and other taxes related to the leased facilities. Property
taxes estimated at $660 per month, inclusive of sales taxes, are accrued on a
monthly basis.

          The Company also leases a sales, distribution and assembly facility at
3400 W. Warner, Suites K, L and M, Santa Ana, CA 92704. These facilities consist
of 6,480 square feet of space. The California lease commenced on July 1, 2000
and expires on June 30, 2003, subject to the right of the Company to renew for
an additional two-year period. The Company currently pays a base rent of $4,406
per month, which is subject to increase for its share of the landlord's
increased operating expenses. The Company owns production equipment consisting
primarily of welding, soldering, testing, pneumatic and material handling
equipment, and inspection equipment which has been sufficient for its needs to
date.

Item 3.  Legal Proceedings

         There are no material legal proceedings to which the Company is a
party.

Item 4.  Submission of Matters to a Vote of Security Holders.

         No matters were submitted to a vote of security holders during the
fourth quarter of fiscal 2000.

                                       3

<PAGE>



                                     PART II

Item 5.  Market for Registrant's Securities and Related Stockholder Matters.

         (a)      Principal Market and Stock Prices.

         The Company's Common Stock may be quoted in the over-the-counter
market. The high and low sales prices for fiscal 2000 and 1999 of the Common
Stock are shown below for the Company's last two fiscal years ended July 31,
2000.

                                         High                Low
                                         ----                ---
Fiscal 2000
-----------

First Quarter                           $ 4.75             $ 4.50
Second Quarter                           12.00               1.00
Third Quarter                            10.00               6.50
Fourth Quarter                            8.25               6.25

Fiscal 1999
-----------

First Quarter                           $ 6.75             $ 5.38
Second Quarter                            6.63               6.00
Third Quarter                             6.13               5.13
Fourth Quarter                            7.50               4.50


         The foregoing quotations represent approximately inter-dealers prices,
without retail markup, markdown or commission and do not represent actual
transactions. Such quotations should not be viewed as necessarily indicative of
the price that could have been obtained on that date for a substantial number of
securities due to the limited market and trading volume for the Company's
securities.

         The approximate number of holders of record of the Company's Common
Stock, as of September 30, 2000 was 762 as supplied by the Company's transfer
agent, American Stock Transfer Company, 40 Wall Street, New York, NY 10005.

         No cash dividends have been paid by the Company on its Common Stock and
no such payment is anticipated in the foreseeable future.



                                       4
<PAGE>




Item 6.  SELECTED FINANCIAL DATA

                  The following selected financial data has been derived from
                  the Company's financial statements which have been examined by
                  independent certified public accountants. Such financial
                  statements should be read in conjunction with the following
                  financial data.

Statement of Operations Summary:
--------------------------------

<TABLE>
<CAPTION>
===================================================================================================================================
                              Year Ended              Year Ended                Year Ended          Year Ended         Year Ended
                              July 31, 2000           July 31, 1999           July 31, 1998       July 31, 1997       July 31, 1996
                              -------------           -------------           -------------       -------------       -------------
-----------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                       <C>                  <C>                <C>                  <C>
Net sales                     $ 8,014,576               $6,126,132           $5,719,806         $4,239,423           $3,792,537
-----------------------------------------------------------------------------------------------------------------------------------
Net income                        440,010                  321,192              295,012             88,701              135,398
-----------------------------------------------------------------------------------------------------------------------------------
Net income per
share                                1.69                     1.23                 1.13                .34                  .52
-----------------------------------------------------------------------------------------------------------------------------------
Cash dividends                        -0-                      -0-                  -0-                -0-                  -0-
===================================================================================================================================
</TABLE>

Balance Sheet Data:
------------------

<TABLE>
<CAPTION>
================================================================================================================================
                            July 31, 2000         July 31, 1999         July 31, 1998            July 31, 1997     July 31, 1996
                            -------------         -------------         -------------            -------------     -------------
--------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                  <C>                  <C>                     <C>                 <C>
Working capital               $ 2,890,360           $2,430,337           $2,021,076             $1,677,501          $1,569,635
--------------------------------------------------------------------------------------------------------------------------------
Total Assets                    3,663,315            3,034,415            2,488,793              2,265,123           1,997,399
--------------------------------------------------------------------------------------------------------------------------------
Long-term debt (including
capital leases)                       -0-                5,390               17,639                    -0-                 -0-
--------------------------------------------------------------------------------------------------------------------------------
Total Shareholders' equity      3,018,886            2,586,716            2,271,643              1,976,751           1,889,814
================================================================================================================================
</TABLE>



                                       5
<PAGE>



Item 7.  Managements Discussion and Analysis of  Financial Condition and Results
                   of Operations.

Liquidity and Capital Resources

         Working capital amounted to $2,890,360 at July 31, 2000 as compared to
$2,430,337 at July 31, 1999. Cash and short-term investments amounted to
$1,574,611 at July 31, 2000 as compared to $1,075,161 at July 31, 1999. As more
fully described in the "Statements of Cash Flows" included in the Company's
financial statements elsewhere herein, net cash provided by operating activities
for the fiscal years ended July 31, 2000, July 31, 1999 and July 31, 1998 were
$540,389, $511,298 and $152,675, respectively.

           During the last three years, the Company's net income contributed to
cash flows from operating activities. In 2000, net cash was provided from
operating activities. The Company's net income and an increase in accounts
payable and accrued expenses and income taxes payable contributed to such cash
flow partially offset by an increase in inventories. In 1999, net cash was
provided from operating activities. The Company's net income, sales of
short-term investments and an increase in accounts payable and accrued expenses
contributed to such cash flow partially offset by increases to accounts
receivables and inventories. In 1998, net cash was provided from operating
activities partially offset by changes in operating assets and liabilities
including, without limitation, net purchases of short-term investments and a
decrease in accounts payable and accrued expenses. In 2000, 1999 and 1998, net
cash was used in investing activities to purchase property and equipment.

         During the past three years, the Company's liquidity needs have been
satisfied from internal sources including cash from operations and amounts
available from the Company's working capital. During fiscal 2001, Management
expects this trend to continue. There are no material commitments for capital
expenditures or any long-term credit arrangements as of July 31, 2000.

Results of Operations

         Sales for 2000 increased by $1,888,444 or approximately 31% as compared
to fiscal 1999. Sales for 1999 increased by $406,326 or approximately 7% as
compared to fiscal 1998. The sales increases were due to increased demand for
the Company's products from the Company's existing client base and from new
customers including customers derived from the Company's expansion of its
operations into California. During the past three years, no customer accounted
for more than 10% of revenues. The Company's gross margin fluctuated slightly
over the past three years primarily due to changes in product mix and a
concerted effort by management to increase and maintain overall targeted profit
margins.

         Operating (selling, general and administrative) expenses increased
during the past three years substantially due to increases in rent, insurance,
administrative salaries and depreciation resulting primarily from increased
sales activity over this period. Operating


                                       6
<PAGE>

expenses when expressed as a percentage of net sales were 17.3%, 19.0% and 19.5%
for fiscal 2000, fiscal 1999 and fiscal 1998, respectively. During the past
three years, the Company did not charge its operations with any research and
development costs.

         Net income for fiscal 2000 was $440,010 as compared to $321,192 for
fiscal 1999 as compared to $295,012 for fiscal 1998. Net income per share for
fiscal 2000, fiscal 1999 and fiscal 1998 was $1.69, $1.23 and $1.13,
respectively.

         Management of TNR Technical, Inc. has received a number of comments
from its odd lot stockholders regarding the costs associated with any sale of
their odd lots. Further, management would like to reduce TNR's expense of
maintaining mailings to odd lot holders. Accordingly, TNR will from time-to-time
privately purchase from odd lot holders of its common stock, such odd lots (i.e.
99 shares or less) from its stockholders of record on December 15, 1995 so long
as such purchases would not have the effect of reducing TNR's record holders to
500 or less. The purchase price to be paid will be based upon the closing asked
price on the NASD electronic bulletin board of TNR's Common Stock for the
preceding trading day. Stockholders will not be permitted to breakup their
stockholdings into odd lots and stockholders or their legal representatives must
affirm to TNR that the odd lot shares submitted for payment represent the
stockholder's entire holdings and that such holdings do not exceed 99 shares.
(This offer shall be open to all odd lot beneficial holders even those held in
street or nominee name so long as the proper representations can be obtained
satisfactory to TNR that the shares are odd lot shares, were owned by the
beneficial stockholder as of December 15, 1995 and represent such stockholder's
entire holdings of TNR). This offer will not be valid in those states or
jurisdictions where such offer or sale would be unlawful.

Year 2000 Issue

         Many existing computer programs used only two digits to identify a year
in the date field. These programs were designed and developed without
considering the impact of the recent change in the century. If not corrected,
many computer applications have failed or created erroneous results by or at the
year 2000. The Company purchased new computers which are year 2000 compliant and
upgraded its remaining equipment to correct the problem at a cost of
approximately $20,000. The Company's operations were not materially impacted by
the year 2000 issue.

Item 8.  Financial Statements and Supplementary Data.

         The information required by Item 8, and an index thereto, appears at
pages F-1 through F-15 (inclusive) of this Report, which pages follow Item 9.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.  None.



                                       7
<PAGE>

                               TNR TECHNICAL, INC.

                              Financial Statements

                             July 31, 2000 and 1999

                   (With Independent Auditors' Report Thereon)


<PAGE>



                               TNR TECHNICAL, INC.

                          Index to Financial Statements

<TABLE>
<S>                                                                                                    <C>
Independent Auditors' Report...........................................................................F-1

Financial Statements:

        Balance Sheets - July 31, 2000 and 1999........................................................F-2

        Statements of Operations - Three years ended July 31, 2000.....................................F-4

        Statements of Shareholders' Equity - Three years ended July 31, 2000...........................F-5

        Statements of Cash Flows - Three years ended July 31, 2000.....................................F-8

Notes to Financial Statements
</TABLE>


<PAGE>


                          Independent Auditors' Report

The Shareholders and Board of Directors
TNR Technical, Inc.:

We have audited the accompanying balance sheets of TNR Technical, Inc. as of
July 31, 2000 and 1999, and the related statements of operations, shareholders'
equity and cash flows for the three years then ended. These financial statements
are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of TNR Technical, Inc. as of July
31, 2000 and 1999 and the results of its operations and its cash flows for the
three years then ended in conformity with generally accepted accounting
principles.

                                           PARKS, TSCHOPP, WHITCOMB & ORR


September 1, 2000
Maitland, Florida

                                       F-1




<PAGE>

                               TNR TECHNICAL, INC.

                                 Balance Sheets

                             July 31, 2000 and 1999

                                     Assets

<TABLE>
<CAPTION>
                                                                                           2000                  1999
                                                                                    -------------------    ------------------

<S>                                                                                        <C>                     <C>
Current assets:
     Cash and cash equivalents                                                             $ 1,574,611             1,075,161
     Accounts receivable - trade, less allowance for doubtful
         accounts of $33,018 in 2000 and $34,529 in 1999                                       662,121               693,032
     Inventories (note 2)                                                                    1,239,665             1,062,043
     Prepaid expenses and other current assets                                                  10,392                 7,410
     Deferred income taxes (note 6)                                                             48,000                35,000
                                                                                    -------------------    ------------------

               Total current assets                                                          3,534,789             2,872,646

Property and equipment, at cost, net of accumulated
   depreciation and amortization (notes 3 and 4)                                               108,894               148,157

Other assets:
     Deposits                                                                                   19,632                13,612
                                                                                    -------------------    ------------------

                                                                                           $ 3,663,315             3,034,415
                                                                                    ===================    ==================
</TABLE>



See accompanying notes to financial statements.

                                      F-2

<PAGE>
                               TNR TECHNICAL, INC.

                                 Balance Sheets

                             July 31, 2000 and 1999

                      Liabilities and Shareholders' Equity
<TABLE>
<CAPTION>

                                                                                             2000                1999
                                                                                    -------------------    ------------------
<S>                                                                                        <C>                     <C>
Current liabilities:
     Accounts payable                                                                      $   183,949               211,346
     Accrued expenses                                                                          320,090               108,714
     Income taxes payable                                                                      135,000               110,000
     Current installments of note payable (note 4)                                               5,390                12,249
                                                                                    -------------------    ------------------

               Total current liabilities                                                       644,429               442,309
                                                                                    -------------------    ------------------

Note payable, excluding current installments (note 4)                                                -                 5,390
                                                                                    -------------------    ------------------

               Total liabilities                                                               644,429               447,699
                                                                                    -------------------    ------------------

Commitment (note 7)

Shareholders' equity:
     Common stock - $.02 par value, authorized 500,000
        shares; issued and outstanding 301,581 shares (note 5)                                   6,032                 6,032
     Additional paid in capital                                                              2,640,001             2,640,001
     Retained earnings                                                                         582,966               142,956
                                                                                    -------------------    ------------------

                                                                                             3,228,999             2,788,989
     Less cost of treasury stock - 42,023 and 40,663
        shares in 2000 and 1999, respectively                                                 (210,113)             (202,273)
                                                                                    -------------------    ------------------

               Total shareholders' equity                                                    3,018,886             2,586,716
                                                                                    -------------------    ------------------

                                                                                           $ 3,663,315             3,034,415
                                                                                    ===================    ==================
</TABLE>



See accompanying notes to financial statements.

                                      F-3

<PAGE>
                               TNR TECHNICAL, INC.

                            Statements of Operations

                    Years ended July 31, 2000, 1999 and 1998
<TABLE>
<CAPTION>

                                                                      2000                    1999                    1998
                                                                ------------------      ------------------     -------------------

<S>                                                                   <C>                       <C>                     <C>
Revenues:
     Net sales (note 8)                                               $ 8,014,576               6,126,132               5,719,806
                                                                ------------------      ------------------     -------------------

Cost and expenses:
     Cost of goods sold                                                 5,952,933               4,473,826               4,213,673
     Selling, general and administrative (note 9)                       1,385,526               1,164,100               1,114,194
                                                                ------------------      ------------------     -------------------

                                                                        7,338,459               5,637,926               5,327,867
                                                                ------------------      ------------------     -------------------

               Operating income                                           676,117                 488,206                 391,939

Non-operating revenue (expense):
     Interest income                                                       66,620                  33,609                  22,763
     Other, net                                                           (11,727)                      -                       -
                                                                ------------------      ------------------     -------------------

               Income before income taxes                                 731,010                 521,815                 414,702

Income tax expense (note 6)                                               291,000                 200,623                 119,690
                                                                ------------------      ------------------     -------------------

               Net income                                             $   440,010                 321,192                 295,012
                                                                ==================      ==================     ===================

Net income per share                                                       $ 1.69                    1.23                    1.13
                                                                ==================      ==================     ===================

Weighted average number of shares                                         260,135                 261,480                 261,973
                                                                ==================      ==================     ===================
</TABLE>



See accompanying notes to financial statements

                                      F-4

<PAGE>
                               TNR TECHNICAL, INC.

                       Statements of Shareholders' Equity

                    Years ended July 31, 2000, 1999 and 1998
<TABLE>
<CAPTION>

                                                                           Additional
                                             Common Stock                    Paid-in            Retained            Treasury
                                      Shares              Amount             Capital            Earnings             Stock
                                 -----------------   -----------------   ----------------   -----------------   -----------------

<S>                                       <C>                 <C>              <C>                  <C>                 <C>
Balances, July 31, 1997                   301,581             $ 6,032          2,640,001            (473,248)           (196,034)

Net income                                      -                   -                  -             295,012                   -

Purchase of Company
   stock                                        -                   -                  -                   -                (120)
                                 -----------------   -----------------   ----------------   -----------------   -----------------

Balances, July 31, 1998                   301,581               6,032          2,640,001            (178,236)           (196,154)

Net income                                      -                   -                  -             321,192                   -

Purchase of Company
   stock                                        -                   -                  -                   -              (6,119)
                                 -----------------   -----------------   ----------------   -----------------   -----------------

Balances, July 31, 1999                   301,581               6,032          2,640,001             142,956            (202,273)
                                 =================   =================   ================   =================   =================

Net income                                      -                   -                  -             440,010                   -

Purchase of Company
   stock                                        -                   -                  -                   -              (7,840)
                                 -----------------   -----------------   ----------------   -----------------   -----------------

Balances, July 31, 2000                   301,581             $ 6,032          2,640,001             582,966            (210,113)
                                 =================   =================   ================   =================   =================
</TABLE>



See accompanying notes to financial statements.

                                      F-5

<PAGE>
                               TNR TECHNICAL, INC.

                            Statements of Cash Flows

                    Years ended July 31, 2000, 1999 and 1998


<TABLE>
<CAPTION>

                                                                                2000               1999                1998
                                                                          -----------------  -----------------   -----------------

<S>                                                                              <C>                  <C>                 <C>
Cash flows from operating activities:
   Net income                                                                    $ 440,010            321,192             295,012
   Adjustments to reconcile net income to net cash
      provided by operations:
         Deferred income taxes                                                     (13,000)            57,000              87,000
         Depreciation and amortization                                              37,186             53,567              49,780
         Unrealized gain on short term investments                                       -                  -                (860)
         Provision for doubtful accounts                                             8,400             18,400               8,400
         Loss on disposition of fixed assets                                        22,927                  -                   -
         Changes in operating assets and liabilities:
           Purchases of short term investments                                           -                  -            (251,667)
           Sales of short term investments                                               -            167,181             113,378
           Accounts receivable                                                      22,511           (111,928)            (32,965)
           Inventories                                                            (177,622)          (247,438)            (32,216)
           Prepaid expenses and other assets                                        (2,982)            11,204              15,103
           Accounts payable and accrued expenses                                   183,979            155,876            (124,188)
           Deposits                                                                 (6,020)               233                 549
           Income taxes receivable/payable                                          25,000             86,011              25,349
                                                                          -----------------  -----------------   -----------------

             Net cash provided by operating activities                             540,389            511,298             152,675
                                                                          -----------------  -----------------   -----------------

Cash flows from investing activities:

     Purchase of property and equipment                                            (20,850)           (16,363)           (112,285)
                                                                          -----------------  -----------------   -----------------

             Net cash used in investing activities                                 (20,850)           (16,363)           (112,285)
                                                                          -----------------  -----------------   -----------------
</TABLE>



See accompanying notes to financial statements

                                      F-6

<PAGE>
                               TNR TECHNICAL, INC.

                            Statements of Cash Flows

                    Years ended July 31, 2000, 1999 and 1998


<TABLE>
<CAPTION>
                                                                                2000               1999                1998
                                                                          -----------------  -----------------   -----------------

<S>                                                                             <C>                 <C>                   <C>
Cash flows from financing activities:
         Purchase of treasury stock                                             $   (7,840)            (6,119)               (120)
         Proceeds from issuance of note payable                                          -                  -              35,198
         Principal payments on note payable                                        (12,249)           (11,338)             (6,221)
                                                                          --------------------------------------------------------

             Net cash provided by (used in)
                financing activities                                               (20,089)           (17,457)             28,857
                                                                          --------------------------------------------------------

             Increase in cash and cash equivalents                                 499,450            477,478              69,247

Cash and cash equivalents - beginning of year                                    1,075,161            597,683             528,436
                                                                          --------------------------------------------------------

Cash and cash equivalents - end of year                                         $1,574,611          1,075,161             597,683
                                                                          ========================================================

Supplemental disclosures of cash flow information:
         Cash paid during the year for interest                                 $      938              1,849               1,914
                                                                          ========================================================

         Cash paid during the year for income taxes                             $  279,000             57,612               7,341
                                                                          ========================================================
</TABLE>



See accompanying notes to financial statements

                                      F-7

<PAGE>
                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(1)      Summary of Significant Policies

(a)      Nature of Operations

         TNR Technical,  Inc. (TNR or the Company)  designs,  assembles and
         markets batteries and multi-cell battery packs to a wide variety of
         industrial markets. The Company is a distributor for a number of major
         U.S. battery manufacturers and markets its products nationally.

(b)      Inventories

         Inventories are stated at the lower of cost or market. Cost is
         determined by the first-in, first-out method.

(c)      Property and Equipment

         Property and equipment are recorded at cost. The Company provides
         depreciation for machinery and equipment using the straight-line method
         over the estimated useful lives of the respective assets, which range
         from five to ten years. Amortization of leasehold improvements is
         computed using the straight-line method over the lesser of the lease
         term or estimated useful lives of the improvements.

(d)      Research and Development Costs

         Research and development costs are charged against income in the year
         incurred.

(e)      Revenue Recognition

         The Company recognizes revenue upon shipment of its product from its
         warehouse facilities.

(f)      Advertising Costs

         Advertising expenditures relating to product distribution and marketing
         efforts consisting primarily of product presentation material, catalog
         preparation, printing and postage expenses are expensed as incurred.


                                   F-8
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(1)      Summary of Significant Policies - Continued

(g)      Use of Estimates

         Management of the Company has made certain estimates and assumptions
         relating to the reporting of assets and liabilities and disclosure of
         contingent assets and liabilities to prepare these financial statements
         in conformity with generally accepted accounting principles. Actual
         results could differ from those estimates.

(h)      Financial Instruments Fair Value, Concentration of Business and Credit
         Risks

         The carrying amount reported in the balance sheet for cash, accounts
         receivable, accounts payable and accrued expenses approximates fair
         value because of the immediate or short-term maturity of these
         financial instruments. The carrying amount reported in the accompanying
         balance sheet for note payable approximates fair value because the
         actual interest rate does not significantly differ from current rates
         offered for instruments with similar characteristics. Financial
         instruments, which potentially subject the Company to concentrations of
         credit risk, consist principally of trade accounts receivable which
         amount to approximately $700,000 and money market funds amounting to
         approximately $1,200,000. The Company performs periodic credit
         evaluations of its trade customers and generally does not require
         collateral. The Company maintains its cash balances at certain
         financial institutions in which balances are insured by the Federal
         Deposit Insurance Corporation up to $100,000. The Company's uninsured
         balances amount to approximately $1,100,000 and $850,000 at July 31,
         2000 and 1999, respectively.

(i)      Stock-Based Compensation

         In October 1995, the Financial Accounting Standards Board issued
         Statements of Financial Accounting Standards No. 123, "Accounting for
         Stock-Based Compensation" (SFAS 123) which sets forth accounting and
         disclosure requirements for stock-based compensation arrangements. The
         new statement encourages but does not require, companies to measure
         stock-based compensation using a fair value method, rather than the
         intrinsic value method prescribed by Accounting Principles Board
         Opinion No. 25 ("APB no. 25".) The Company has adopted disclosure
         requirements of SFAS 123 and has elected to continue to record
         stock-based compensation expense using the intrinsic value approach
         prescribed by APB


                                      F-9
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(1)      Summary of Significant Policies - Continued

         (i)      Stock-Based Compensation - Continued

                  No. 25. Accordingly, the Company computes compensation cost
                  for each employee stock option granted as the amount by which
                  the quoted market price of the Company's common stock on the
                  date of grant exceeds the amount the employee must pay to
                  acquire the stock. The amount of compensation cost, if any,
                  will be charged to operations over the vesting period. SFAS
                  123 requires companies electing to continue using the
                  intrinsic value method to make certain pro forma disclosures
                  (see note 5).

         (j) Income Taxes

                  Deferred tax assets and liabilities are recognized for the
                  future tax consequences attributable to differences between
                  the financial statement carrying amounts of existing assets
                  and liabilities and their respective tax bases. Deferred tax
                  assets and liabilities are measured using enacted tax rates
                  expected to apply to taxable income in the years in which
                  those temporary differences are expected to be recovered or
                  settled. The effect on deferred tax assets and liabilities of
                  a change in tax rates is recognized in income in the period
                  that includes the enactment date.

         (k)      Cash Flows

                  For purposes of cash flows, the Company considers all highly
                  liquid investments with an initial maturity of three months or
                  less to be cash equivalents.

         (l)      Earnings Per Common Share

                  Earnings per common share have been computed based upon the
                  weighted average number of common shares outstanding during
                  the years presented. Common stock equivalents resulting from
                  the issuance of the stock options have not been included in
                  the per share calculations because such inclusion would not
                  have a material effort on earnings per common share.

         (m)      Reclassifications

                  Certain amounts from 1999 and 1998 have been reclassified to
                  conform with the 2000 presentation.


                                      F-10
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(2)      Inventories

         Inventories consist of the following:

<TABLE>
<CAPTION>
                                                                                2000                  1999
                                                                                ----                  ----

<S>                                                                         <C>                     <C>
              Finished goods                                                $ 1,196,277             1,031,244

              Work-in-process                                                    43,388                30,799
                                                                            -----------             ---------

                                                                            $ 1,239,665             1,062,043
                                                                            ===========             =========
</TABLE>

(3)      Property and Equipment
Property and equipment consists of the following:

<TABLE>
<CAPTION>
                                                                                2000                   1999
                                                                                ----                   ----

<S>                                                                           <C>                     <C>
              Machinery and equipment                                         $ 206,317               282,905
              Leasehold improvements                                             20,347                27,457
                                                                              ---------               -------
                                                                                226,664               310,362
              Less accumulated depreciation and amortization                    117,770               162,205
                                                                              ---------               -------

                                                                              $ 108,894               148,157
                                                                              =========               =======
</TABLE>

(4)      Note Payable

         Note payable consists of an obligation payable in monthly installments
         of $1,099 including interest at 7.75% expiring December 2000. The note
         is secured by vehicles.

(5)      Stock Option Plans

         In November 1992, the Board of Directors approved an Incentive and
         Non-Qualified Stock Option Plan (Plan), which was ratified by the
         stockholders in January 1993. The Plan covers 60,000 shares of Common
         Stock, subject to adjustment of shares under the anti-dilution
         provisions of the Plan. The Plan authorizes the issuance of the options
         covered thereby as either "Incentive Stock Options" within the meaning
         of the Internal Revenue Code of 1986, as amended, or as "Non-Statutory
         Stock Options." No options may be granted after November 16, 2002.
         Under the Plan the aggregate fair market value (determined at the time
         the option is granted) of the optioned stock for which Incentive Stock
         Options are exercisable for the first time by any employee during any
         calendar year shall not exceed $100,000.

                                                                     (Continued)


                                      F-11
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(5)      Stock Option Plans (Continued)

         In December 1996, the Company granted options to purchase 30,000 shares
         of stock at an exercise price of $3.25 per share to three to its
         officers and directors. The options are exercisable for a ten-year
         period expiring in December 2006. In December 1998, the Company granted
         additional stock options to purchase 7,000 shares at an exercise price
         of $5.00 per share to three of its directors. The options are
         exercisable through December 2008.

         The 1998 Incentive and Non-Qualified Stock Option Plan, (the "1998
         Plan"), was approved by the Board of Directors effective December 15,
         1998 subject to stockholder approval within 12 months. The 1998 Plan
         covers 30,000 shares of Common Stock, subject to adjustment of shares
         under the anti-dilution provisions of the 1998 Plan. The 1998 Plan
         authorizes the issuance of the options covered thereby as either
         "Incentive Stock Options" within the meaning of the Internal Revenue
         Code of 1986, as amended, or as "Non-Statutory Stock Options." Persons
         eligible to receive options under the 1998 Plan includes employees,
         directors, officers, consultants or advisors, provided that bona fide
         services shall be rendered by consultants or advisors and such services
         must not be in connection with the offer or sale of securities in a
         capital raising transaction; however, only employees (who may also be
         officers and/or directors) are eligible to receive an Incentive Stock
         Option. The 1998 Plan also provides that no options may be granted
         after December 15, 2008. Except for the foregoing, the 1998 Plan is
         identical to the 1992 Plan. As of July 31, 2000, no options have been
         granted under the 1998 Plan.

         The Company continues to account for stock-based compensation using the
         intrinsic value method prescribed by Accounting Principles Board
         Opinion No. 25 under which no compensation cost for stock options is
         recognized for stock option awards granted at or above fair market
         value.

         Had compensation expense been determined based upon fair values at the
         grant date for the award of options as described herein in accordance
         with SFAS No. 123, "Accounting for Stock-Base Compensation," the
         Company's net earnings and earnings per share would not be materially
         changed from the amounts as reported in the accompanying financial
         statements.

         Accordingly, management has not presented the pro forma effects of the
         application of SFAS No. 123 herein with respect to net earnings and
         earnings per share for the years ended July 31, 2000, 1999 and 1998.

                                                                     (Continued)


                                      F-12
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(6)      Income Taxes

         The income tax provision for the years ended July 31, 2000, 1999 and
1998 consists of the following:

<TABLE>
<CAPTION>
                                                                  2000                   1999                  1998
                                                                  ----                   ----                  ----

<S>                                                             <C>                     <C>                   <C>
          Current:
               Federal                                          $ 246,000               128,623                   -
               State                                               58,000                15,000                20,000
                                                                ---------               -------               -------

                                                                  304,000               143,623                20,000
                                                                ---------               -------               -------



          Deferred:
               Federal                                            (11,000)               51,000                98,500
               State                                              ( 2,000)                6,000                 1,190
                                                                ---------               -------               -------

                                                                  (13,000)               57,000                99,690
                                                                ---------               -------               -------

                   Total                                        $ 291,000               200,623               119,690
                                                                =========               =======               =======
</TABLE>

         Income tax expense attributable to income before income tax differed
         from the amount computed by applying the U.S. Federal income tax rate
         of 34% to income from operations before income taxes as a result of the
         following:

<TABLE>
<CAPTION>
                                                                   2000                   1999                  1998
                                                                   ----                   ----                  ----

<S>                                                             <C>                     <C>                   <C>

Computed "expected" tax expense                                 $ 249,000               178,000               140,000
Increase (reduction) in income tax expense
    resulting from:
       State income taxes, net of federal
          income tax benefit                                       37,000                24,000                14,000
       Adjustment to deferred tax assets to
          reflect current effective tax rates
          and other                                               5,000                  (1,377)              (34,310)
                                                                ---------               -------                -------

                                                                $ 291,000               200,623               119,690
                                                                =========               =======               =======

                                                                                                          (Continued)
</TABLE>


                                      F-13
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(6)      Income Taxes - Continued

         The tax effects of temporary differences that give rise to significant
         portions of the deferred tax assets at July 31, 2000 and 1999 are
         presented below:

<TABLE>
<CAPTION>
                                                                                        2000                    1999
                                                                                        ----                    ----

<S>                                                                                   <C>                      <C>
Deferred tax assets:
   Inventories, principally due to additional costs
     inventoried for tax purposes                                                     $ 37,000                 25,000
   Accounts receivable, due to allowance for
     uncollectible accounts                                                             11,000                 10,000
                                                                                      --------                 ------
                                                                                        48,000                 35,000
Less valuation allowance                                                                    -                      -
                                                                                      --------                 ------

          Total                                                                       $ 48,000                 35,000
                                                                                      ========                 ======
</TABLE>

Deferred taxes are presented in the accompanying balance sheets as:

<TABLE>
<CAPTION>
                                                                                      2000                   1999
                                                                                      ----                   ----

<S>                                                                                   <C>                      <C>

           Current deferred tax assets                                                $ 48,000                 35,000
           Noncurrent deferred tax assets                                                   -                      -
                                                                                      --------                 ------

                                                                                      $ 48,000                 35,000
                                                                                      ========                 ======
</TABLE>

         In assessing the realizability of deferred tax assets, management
         considers whether it is more likely than not that some portion or all
         of the deferred tax assets will be realized. Management considers the
         projected future taxable income and tax planning strategies in making
         this assessment. The Company believes that future earnings in addition
         to the amount of the taxable differences which will reverse in future
         periods, will be sufficient to offset recorded deferred tax assets and,
         accordingly, a valuation allowance is not considered necessary at July
         31, 2000 and 1999.


                                      F-14
<PAGE>



                               TNR TECHNICAL, INC.

                          Notes to Financial Statements

                             July 31, 2000 and 1999

(7)      Lease Commitments

         Commencing in June 1996, the Company entered into an agreement to lease
         its Florida office, warehouse and distribution facilities from a
         partnership controlled by an executive officer, shareholder and
         director of TNR. The lease agreement provides payment of real estate
         taxes and insurance and extends for a term of ten years. The Company
         also leases warehouse and distribution facilities in California from an
         unrelated party under a three-year operating lease agreement. Future
         minimum rental payments associated with these operating lease
         obligations are indicated below:

                  Year Ending July 31,

                          2001                           $ 126,346
                          2002                             131,777
                          2003                             133,232
                          2004                              85,960
                          2005                              91,117
                       Thereafter                           74,526
                                                         ---------

                                                         $ 642,958
                                                         =========

         Total lease and rental expense amounted to $111,330, $95,953 and
         $93,732 in 2000, 1999 and 1998, respectively. In 2000, 1999 and 1998
         lease expense associated with related parties amounted approximately to
         $81,000, $78,000 and $78,000, respectively.

(8)      Sales to Major Customers

         During the years ended July 31, 2000, 1999 and 1998 no customer
         accounted for more than 10% of total revenues.

(9)      Supplementary Information

                                                2000        1999        1998
                                                ----        ----        ----

         Advertising costs                     $29,184     54,390     64,654
         Provision for doubtful accounts       $ 8,400     18,400      8,400

         The provision for doubtful accounts and advertising costs are included
         in selling, general and administrative costs in the accompanying
         statements of operations.


                                      F-15

<PAGE>



                           PART III

Item 10. Directors and Executive Officers of the Registrant.

         The names, ages and principal occupations of the Company's present
directors, and the date on which their term of office commenced and expires, are
listed below.

<TABLE>
<CAPTION>
                                                Term            First
                                                of              Became               Principal
Name                              Age           Office          Director             Occupation
----                              ---           ------          --------             ----------

<S>                               <C>           <C>             <C>                  <C>
Jerrold Lazarus                   68             (1)              1987               Chairman of the
                                                                                     Board and Chief
                                                                                     Executive Officer


Norman L. Thaw                    67             (1)              1979               President of
                                                                                     Stride Rite
                                                                                     Stables, Inc.,
                                                                                     Private Investor

Wayne Thaw                        43             (1)              1983               President and
                                                                                     Chief Operating
                                                                                     Officer

Kathie Thaw                       45             (1)              1996               Vice-President

Mitchell Thaw                     44             (1)              1998               Professional
                                                                                     Equity Trader

Patrick Hoscoe                    37             (1)              1998               Vice President and
                                                                                     Operations Manager
                                                                                     of the Company's West
                                                                                     Coast Division

</TABLE>

----------------
(1) Directors are elected at the annual meeting of stockholders and hold office
to the following annual meeting.

         Jerrold Lazarus is Chairman of the Board, Chief Executive Officer,
Chief Financial Officer, Secretary and Treasurer of the Company. Wayne Thaw is
President and Chief Operating Officer of the Company. Kathie Thaw and Patrick
Hoscoe each serve as a Vice President of the Company. The terms of all officers
expire at the annual meeting of directors following the annual stockholders
meeting. Officers may be removed,


                                       8
<PAGE>

either with or without cause, by the Board of Directors, and a successor elected
by a majority vote of the Board of Directors, at any time.

         Jerrold Lazarus has been a full time employee of the Company since
October 1987 and has served as an Executive Officer of the Company since 1987.
Mr. Lazarus is currently scheduled to retire from the Company in January 2001;
however, he intends to remain on the Company's Board of Directors.

         Norman L. Thaw is one of the founders of the Company and served as its
Chairman and Chief Executive Officer between March 1987 and April 1988. For more
than the past five years, Mr. Thaw's principal occupation is the President of
Stride Rite Stables, Inc., a thoroughbred racing and breeding farm in South
Florida.

         Wayne Thaw has been a full time employee of the Company since 1980 and
has served as an Executive Officer of the Company since 1981.

         Kathie Thaw has been Vice-President and a director of the Company since
December 1996. Kathie Thaw has been associated with the Company for the past
five years as a consultant to the President.

         Mitchell Thaw has been director of the Company since December 1998.
Since May 2000, he has been acting as a professional trader for his own account.
From April 1999 through May 2000, Mr. Thaw served as a Director of Institutional
Options at Schroder & Co., Inc. From 1988 through April 1998, Mr. Thaw was an
executive for UBS Securities. Between April 1998 and March 1999, Mr. Thaw was
not associated with any firms and was temporarily retired.

         Patrick Hoscoe has been Vice President and a director of the Company
since 1998. Mr. Hoscoe also serves as Operations Manager of the Company's West
Coast operations. Mr. Hoscoe has 18 years experience in the battery industry and
worked for House of Batteries for the past five years prior to joining the
Company in 1997.

Family Relationships

         Norman L. Thaw is the father of Wayne Thaw and Mitchell Thaw. Wayne
Thaw and Kathie Thaw are married.



                                       9
<PAGE>




Item 11. Compensation of Directors and Executive Officers.

         The following table provides a summary compensation table with respect
to the compensation of the Company's Chief Executive Officer and President for
the past three fiscal years. No other executive officer in fiscal 2000 had
salaries and bonuses of at least $100,000. During the past three fiscal years,
the Company has not granted restricted stock awards or stock appreciation
rights. In addition, the Company does not have a defined benefit or actuarial
plan.

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
===================================================================================================================================

                                                                          Long Term Compensation
-----------------------------------------------------------------------------------------------------------------------------------

                                       Annual Compensation                          Awards                      Payouts
-----------------------------------------------------------------------------------------------------------------------------------

           (a)                 (b)     (C)        (d)            (e)            (f)         (g)            (h)           (i)
                                                                 Other                                                    All
          Name                                                  Annual    Restricted                                  Other Compen-
           and                                                  Compen-        Stock       Number          LTIP         sation
        Principal                                               sation        Award(s)       of           Payouts        ($)
        Position              Year  Salary ($)   Bonus ($)      ($)(1)           ($)       Options          ($)

-----------------------------------------------------------------------------------------------------------------------------------

<S>                          <C>      <C>       <C>           <C>         <C>              <C>            <C>          <C>
                             2000     75,400    27,900        75,400 (2)           0           0              0             0
Jerrold Lazarus
CEO, Chairman of the Board
                           --------------------------------------------------------------------------------------------------------

                             1999     75,400    18,000            0              0         2,000            0             0
                           --------------------------------------------------------------------------------------------------------

                             1998     75,690     7,200            0              0           0              0             0
-----------------------------------------------------------------------------------------------------------------------------------

                             2000    112,288    38,400            0              0           0              0             0
Wayne Thaw,
       President
                           --------------------------------------------------------------------------------------------------------

                             1999    107,042    17,000            0              0         3,000            0             0
                           --------------------------------------------------------------------------------------------------------

                             1998    104,500     9,503            0              0           0              0             0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
---------------
(1) Does not include the value of a leased or company owned automobile provided
    to each officer for business purposes.

(2) Includes a retirement accrual of $75,400 to be paid at Mr. Lazarus'
    retirement in January 2001.



                                       10
<PAGE>




         The Company has no employment contracts with its executive officers.
Jerrold Lazarus and Wayne Thaw are currently receiving a monthly salary of
$6,283 and $9,518, respectively. Directors do not presently receive compensation
for serving on the Board or on its committees. Depending on the number of
meetings and the time required for the Company's operations, the Company may
decide to compensate its directors in the future.

         The Company provides each of its two above named executive officers
with an automobile. The Company has no annuity, pension, or retirement benefits
for its employees. The Company has not afforded any of its officers or directors
any other personal benefits, the value of which exceeds 10% of his cash
compensation, which is not directly related to job performance or provided
generally to all salaried employees.

Stock Option Plans

         The 1992 Plan

         The 1992 Incentive and Non-Qualified Stock Option Plan, (the "1992
Plan"), was approved by the Board of Directors on November 17, 1992 and ratified
by stockholders on January 29, 1993. The 1992 Plan covers 60,000 shares of
Common Stock, subject to adjustment of shares under the anti-dilution provisions
of the 1992 Plan. The 1992 Plan authorizes the issuance of the options covered
thereby as either "Incentive Stock Options" within the meaning of the Internal
Revenue Code of 1986, as amended, or as "Non-Statutory Stock Options." Persons
eligible to receive options under the 1992 Plan includes employees, directors,
officers, consultants or advisors, provided that bona fide services shall be
rendered by consultants or advisors and such services must not be in connection
with the offer or sale of securities in a capital raising transaction; however,
only employees (who may also be officers and/or directors) are eligible to
receive an Incentive Stock Option. The 1992 Plan also provides that no options
may be granted after November 16, 2002. In December 1996, the Company has
granted ten year non-statutory options to purchase 30,000 shares at an exercise
price of $3.25 per share to Wayne Thaw (10,000 shares), Jerrold Lazarus (10,000
shares) and Kathie Thaw (10,000 shares). In December 1998, the Company granted
ten year non-statutory stock options to purchase 7,000 shares at an exercise
price of $5.00 per share to Jerrold Lazarus (2,000 shares), Wayne Thaw (3,000
shares) and Patrick Hoscoe (2,000 shares). No additional options have been
granted by the Board of Directors since December 1998.

         The 1992 Plan is administered by the Company's Board of Directors or a
stock option committee consisting of three members of the Board which has the
authority to determine the persons to whom options shall be granted, whether any
particular option shall be an Incentive Option or a Non-Statutory Option, the
number of shares to be covered by each option, the time or times at which
options will be granted or may be exercised and the other terms and provisions
of the Options.

         Under the 1992 Plan, the aggregate fair market value (determined at the
time the option is granted) of the optioned stock for which Incentive Stock
Options are exercisable for the first time by any employee during any calendar
year (under all such Plans of the


                                       11
<PAGE>

individual's Employer Corporation and its parent and subsidiary corporation)
shall not exceed $100,000.

         The 1992 Plan also provides that the Board of directors shall determine
the exercise price of the Common Stock under each option. The 1992 Plan also
provides that: (i) the exercise price of Incentive Stock Options granted
thereunder shall not be less than 100% (110% if the optionee owns 10% or more of
the outstanding voting securities of the Company) of the fair market value of
such shares on the date of grant, as determined by the Board or Committee, and
(ii) no option by its terms may be exercised more than ten years (five years in
the case of an Incentive Stock Option, where the optionee owns 10% or more of
the outstanding voting securities of the Company) after the date of grant. Any
options which are canceled or not exercised within the option period become
available for future grants. All Stock Options are non-transferable except by
will or the laws of descent and distribution.

         The 1998 Plan

         The 1998 Incentive and Non-Qualified Stock Option Plan, (the "1998
Plan"), was approved by the Board of Directors effective December 15, 1998
subject to stockholder approval within 12 months. The 1998 Plan covers 30,000
shares of Common Stock, subject to adjustment of shares under the anti-dilution
provisions of the 1998 Plan. The 1998 Plan authorizes the issuance of the
options covered thereby as either "Incentive Stock Options" within the meaning
of the Internal Revenue Code of 1986, as amended, or as "Non-Statutory Stock
Options." Persons eligible to receive options under the 1998 Plan includes
employees, directors, officers, consultants or advisors, provided that bona fide
services shall be rendered by consultants or advisors and such services must not
be in connection with the offer or sale of securities in a capital raising
transaction; however, only employees (who may also be officers and/or directors)
are eligible to receive an Incentive Stock Option. The 1998 Plan also provides
that no options may be granted after December 15, 2008. Except for the
foregoing, the 1998 Plan is identical to the 1992 Plan. As of September 30,
2000, no options have been granted under the 1998 Plan.


                                       12
<PAGE>



                               OPTION GRANTS TABLE

         The information provided in the table below provides information with
respect to individual grants of stock options during fiscal 2000 of each of the
executive officers named in the summary compensation table above. The Company
did not grant any stock appreciation rights during 2000.

                        Option Grants in Last Fiscal Year

<TABLE>
<CAPTION>
===============================================================================================================================

                                                                                                        Potential
                                                                                                   Realizable Value at
                                                                                                      Assumed Annual
                                    Individual Grants                                              Rates of Stock Price
                                                                                                       Appreciation
                                                                                                   for Option Term (2)
------------------------------------------- ------------------- --------------------------------------------- -----------------

               (a)             (b)                  (C)                (d)           (e)          (f)               (g)
                                                   % of
                                                  Total
                                                 Options/
                                                Granted to
                             Options            Employees            Exercise      Expira-
                             Granted            in Fiscal             Price          tion
              Name             (#)               Year (1)             ($/Sh)         Date        5% ($)           10% ($)
------------------------------------------- ------------------- --------------------------------------------- -----------------

<S>                         <C>                 <C>                 <C>            <C>          <C>            <C>
Wayne Thaw                       0                   0                  N/A           N/A          N/A               N/A
------------------------------------------- ------------------- --------------------------------------------- -----------------

Jerrold Lazarus                  0                   0                  N/A           N/A          N/A               N/A
------------------------------------------- ------------------- --------------------------------------------- -----------------
</TABLE>
 N/A - Not Applicable.

(1) The percentage of total options granted to employees in fiscal year is based
    upon options granted to officers, directors and employees.

(2) The potential realizable value of each grant of options assumes that the
    market price of the Company's Common Stock appreciates in value from the
    date of grant to the end of the option term at annualized rates of 5% and
    10%, respectively, and after subtracting the exercise price from the
    potential realizable value.


                                       13
<PAGE>






AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR
AND FY-END OPTION VALUES

         The information provided in the table below provides information with
respect to each exercise of stock option during fiscal 2000 by each of the
executive officers named in the summary compensation table and the fiscal year
end value of unexercised options.

<TABLE>
<CAPTION>
=========================================================================================================
           (a)                 (b)         (c)                 (d)                      (e)

                                                                                      Value of

                                                            Number of               Unexercised

                             Shares                        Unexercised              In-the-Money
                           Acquired on                        Options at              Options
                          Exercise (#)     Value            FY-End (#)              at Fy-End($)
                                          Realized         Exercisable/             Exercisable/
          Name                             ($)(1)          Unexercisable          Unexercisable(1)
---------------------------------------------------------------------------------------------------------
<S>                       <C>             <C>             <C>                    <C>
Wayne Thaw                     -0-          -0-              13,000/0                 33,750 / 0
---------------------------------------------------------------------------------------------------------
Jerrold Lazarus                -0-          -0-              12,000/0                 32,500 / 0
---------------------------------------------------------------------------------------------------------
</TABLE>

-------------------
(1)      The aggregate dollar values in column (C) and (e) are calculated by
         determining the difference between the fair market value of the Common
         Stock underlying the options and the exercise price of the options at
         exercise or fiscal year end, respectively. In calculating the dollar
         value realized upon exercise, the value of any payment of the exercise
         price is not included. Fiscal year end value based upon a market price
         of $6.25 per share determined as of the close of business on July 25,
         2000, the last trade before July 31, 2000.

Report of the Board of Directors on Executive Compensation

         During fiscal 2000, the entire Board which consists of Norman Thaw,
Jerrold Lazarus, Wayne Thaw, Kathie Thaw , Mitchell Thaw and Patrick Hoscoe,
held primary responsibility for determining executive compensation levels. The
goals of the Company's compensation program is to align compensation with
business objectives and performance and to enable the Company to attract, retain
and reward executive officers and other key employees who contribute to the
long-term success of the Company. The Company has provided on a prospective
basis annual incentive opportunity to several of its key employees sufficient to
provide motivation to achieve specific operating goals. The foregoing report has
been approved by all members of the board of directors.

                                    Jerrold Lazarus-Chairman
                                    Norman Thaw
                                    Wayne Thaw
                                    Kathie Thaw
                                    Mitchell Thaw
                                    Patrick Hoscoe

                                       14
<PAGE>

Compensation Committee Interlocks and Insider Participation

         During fiscal 2000, Jerrold Lazarus, Wayne Thaw, Kathie Thaw and
Patrick Hoscoe, executive officers of the Company, were involved in determining
executive officer compensation levels as members of the Board of Directors.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

         As of September 30, 2000, the Company had outstanding 259,558 shares of
Common Stock. The only persons of record who presently hold or are known to own
(or believed by the Company to own) beneficially more than 5% of the outstanding
shares of such class of stock is listed below. The following table also sets
forth certain information as to holdings of the Company's Common Stock of all
officers and directors individually, and all officers and directors as a group.
(The shares shown in the table below for Norman Thaw and his sons, Wayne Thaw
and Mitchell Thaw are not beneficially owned by each other and are listed
separately).

<TABLE>
<CAPTION>
=========================================================================================================


                                       Name and Address of             Number of         Approximate
Title of Class                          Beneficial Owner (1)            Shares             Percent
---------------------------------------------------------------------------------------------------------
<S>                          <C>                                      <C>                <C>
Common Stock                 Wayne Thaw (3)(8)                        64,592              23.8
---------------------------------------------------------------------------------------------------------
Common Stock                 Norman L. Thaw (2)(8)                    55,228              21.3
---------------------------------------------------------------------------------------------------------
Common Stock                 Jerrold Lazarus (5)                      12,691               4.7
---------------------------------------------------------------------------------------------------------
Common Stock                 Kathie Thaw (4)(8)                       10,000               3.7
---------------------------------------------------------------------------------------------------------
Common Stock                 Patrick Hoscoe (6)                        2,000                 *
---------------------------------------------------------------------------------------------------------
Common Stock                 Mitchell A. Thaw (8)                     21,525               8.3
---------------------------------------------------------------------------------------------------------
Common Stock                 All Directors and
                             Officers as a group
                             (six persons) (7)                       166,036              56.0
---------------------------------------------------------------------------------------------------------
</TABLE>

* Owns less than 1% of the issued and outstanding shares of the Company's Common
Stock.

--------------------
(1)   All shares are directly owned, and the sole investment and voting power
      is held, by the persons named. The address for all officers and
      directors is 301 Central Park Drive, Sanford, Florida 32771.

                                       15
<PAGE>

(2)   May be deemed to be a parent and/or founder of the Company under the
      Securities Act of 1933, as amended and may be deemed to be a "control
      person" of the Company within the meaning of the Securities Exchange
      Act of 1934.

(3)   Includes options to purchase 13,000 shares.

(4)   Includes options to purchase 10,000 shares.

(5)   Includes options to purchase 12,000 shares.

(6)   Includes options to purchase 2,000 shares.

(7)   Includes options to purchase 37,000 shares granted to officers and
      directors.

(8)   Wayne Thaw and Kathie Thaw are married and their individual stock
      ownership is shown separately. Both Wayne Thaw and Kathie Thaw may be
      deemed to also own the shares owned by the other person. Norman Thaw is
      the father of Wayne Thaw and Mitchell A. Thaw.

         The Company does not know of any arrangement or pledge of its
securities by persons now considered in control of the Company that might result
in a change of control of the Company.

Item 13. Certain Relationships and Related Transactions.

         See Item 2 regarding the description of lease between the Company and a
RKW Holding Ltd. ("RKW"), a Florida Limited Partnership, controlled by Wayne
Thaw. In fiscal 2000 and 1999, $74,690 and $71,133, respectively, were paid by
the Company to RKW, which amount is expected to increase by approximately 5% for
fiscal 2001.

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

         (a)(1)(2)    Financial Statements and Financial Statement Schedules.

                      A list of the Financial Statements and Financial
                      Statement Schedules filed as a part of this Report is
                      set forth in Item 8, and appears at Page F-1 of this
                      Report, which list is incorporated herein by
                      reference.


                                       16
<PAGE>



         (a)(3)           Exhibits

                  3       Certificate of Incorporation and Amendments
                           thereto. (1)

                  3(A)    By-Laws. (1)

                  3(B)    February 1992 Certificate of Amendment to
                          Certificate of Incorporation (2)

                  10      Lease Agreement dated January 17, 1996 by and
                          between RKW Holding Ltd. and the Registrant (3)

                  11      Earnings per share.  See Financial Statements

                  27      Selected Financial Data*

                  99      1998 Incentive and Non-Statutory Stock Option Plan (4)
-----------
* Filed herewith

(1)      Exhibits 3 and 3(A) are incorporated by reference from Registration No.
         2-85110 which were filed in a Registration Statement on Form S-18.

(2)      Incorporated by reference to Form 10-K for the fiscal year ended
         July 31, 1992.

(3)      Incorporated by reference to Form 10-K for the fiscal year ended
         July 31, 1996.

(4)      Incorporated by reference to Form 10-K for the fiscal year ended
         July 31, 1999.

         (b)       Reports on Form 8-K.

                   No Reports on Form 8-K were filed or required to be filed
                   during the quarter ended July 31, 2000.


                                       17
<PAGE>


                                   SIGNATURES

         Pursuant to the requirements Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                               TNR TECHNICAL, INC.

                               By:/s/ Jerrold Lazarus
                                  --------------------------------------------
                                   Jerrold Lazarus, Chief Executive Officer


Dated:  Sanford, Florida
        October 12, 2000

         Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated:

<TABLE>
<CAPTION>
Signatures                           Title                                 Date
----------                           -----                                 ----

<S>                                 <C>                                <C>
/s/ Norman L. Thaw                  Director                           October 12, 2000
----------------------
    Norman L. Thaw

/s/ Wayne Thaw                      President, Chief                   October 12, 2000
-----------------------             Operating
    Wayne Thaw                      Officer and
                                    Director

/s/ Jerrold Lazarus                 Chairman of the                    October 12, 2000
-----------------------             Board, Chief
    Jerrold Lazarus                 Executive Officer
                                    Chief Financial
                                    and Accounting
                                    Officer, Treasurer
                                    and Secretary

/s/ Kathie Thaw                     Vice President                     October 12,  2000
-----------------------             and Director
    Kathie Thaw

/s/ Mitchell Thaw                   Director                           October 12, 2000
-----------------------
    Mitchell Thaw

/s/ Patrick Hoscoe                  Vice President                     October 12, 2000
--------------------                and Director
    Patrick Hoscoe
</TABLE>

Norman Thaw, Kathie Thaw, Wayne Thaw, Mitchell Thaw, Patrick Hoscoe and Jerrold
Lazarus represent all the members of the Board of Directors.



                                       18