[DESCRIPTION] NICHOLAS FINANCIAL INC. FORM SB-2/A
<PAGE> 1
As filed with the Securities and Exchange Commission on July 19, 1996
Registration No.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM SB-2
AMENDMENT NO. 1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
NICHOLAS FINANCIAL, INC.
(Name of small business issuer in its charter)
British Columbia, Canada 6130 8736-3354
(State of Organization)(Standard Industrial (IRS Employer
Classification Code) Identification No.)
2454 McMullen Booth Road, Building C
Clearwater, Florida 34619
Telephone: (813) 726-0763
(Address and telephone number of principal executive offices)
2454 McMullen Booth Road, Building C
Clearwater, Florida 34619
(Address of principal place of business or intended principal place of
business)
Peter L. Vosotas
2454 McMullen Booth Road, Building C
Clearwater, Florida 34619
(813) 726-0763
(Name, address and telephone number of agent for service)
Copies to:
Alton R. Neal, Esq. Ken R. Bramlett, Jr., Esq.
Jacobs, Forlizzo & Neal, P.A. Robinson, Bradshaw & Hinson, P.A.
13577 Feather Sound Drive, Suite 300 101 North Tryon Street, Suite 1900
Clearwater, Florida 34622 Charlotte, North Carolina 28246
_________________
Approximate date of proposed sale to the public:
To commence as soon as practicable after this Registration Statement b
ecomes effective.
_________________
If this Form is filed to register additional securities for an
offering pursuant to Rule 462(b) under the Securities Act, please check
the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same
offering. G
If this Form is a post-effective amendment filed pursuant to Rule
462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective
registration statement for the same offering. G
If delivery of the prospectus is expected to be made pursuant to
Rule 434, please check the following box. G
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Title of Each Proposed Maximum Aggregate Amount of Registration
Class of Securities Offering Price (1) Fee
to be Registered
<S> <C> <C>
Common Stock $5,250,000 $1,811.00
<FN>
(1) Estimated solely for the purpose of calculating the registration
fee pursuant to Rule 457(o).
</TABLE>
The Registrant hereby amends this Registration Statement on such
date or dates as may be necessary to delay its effective date until the
registrant shall file a further amendment which specifically states
that this Registration Statement shall thereafter become effective in
accordance with Section 8(a) of the Securities Act of 1933 or until the
Registration Statement shall become effective on such date as the
Commission, acting pursuant to said Section 8(a), may determine.
<PAGE> 2
Item 13. Exhibits and Reports on Form 8-K
(a) Exhibits
27.1 Financial Data Schedule (for SEC purpose only)
<PAGE> 3
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused this
amended Report to be signed on its behalf by the undersigned thereunto duly
authorized.
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<CAPTION>
NICHOLAS FINANCIAL, INC.
<S> <C>
Dated: July 31, 1996 /s/ Peter L. Vosotas
--------------------------
Peter L. Vosotas
<PAGE> 4
[ARTICLE] 5
[LEGEND]
This Schedule Contains Summary Information Extracted From The Condensed
Consolidated Balance Sheet At June 30, 1996 And The Condensed Consolidated
Statements Of Income For The Three Months Ended June 30,1996 And June 30, 1995
And Is Qualified In Its Entirety By Reference To Such Financial Statements.
</TABLE>
<TABLE>
<S> <C> <C>
[PERIOD-TYPE] 3-MOS 3-MOS
[FISCAL-YEAR-END] MAR-31-1997 MAR-31-1996
[PERIOD-END] JUN-30-1996 JUN-30-1995
[CASH] 319,933 0
[SECURITIES] 0 0
[RECEIVABLES] 19,557,684 0
[ALLOWANCES] 3,310,607 0
[INVENTORY] 0 0
[CURRENT-ASSETS] 20,837,209 0
[PP&E] 464,886 0
[DEPRECIATION] 277,851 0
[TOTAL-ASSETS] 21,024,244 0
[CURRENT-LIABILITIES] 17,532,209 0
[BONDS] 0 0
[PREFERRED-MANDATORY] 0 0
[PREFERRED] 0 0
[COMMON] 1,755,765 0
[OTHER-SE] 1,736,270 0
[TOTAL-LIABILITY-AND-EQUITY] 21,024,244 0
[SALES] 113,711 151,258
[TOTAL-REVENUES] 1,461,775 1,260,387
[CGS] 22,465 34,469
[TOTAL-COSTS] 471,408 406,885
[OTHER-EXPENSES] 658,046 889,507
[LOSS-PROVISION] 54,313 40,786
[INTEREST-EXPENSE] 394,630 331,630
[INCOME-PRETAX] 332,321 (36,005)
[INCOME-TAX] 125,865 (14,037)
[INCOME-CONTINUING] 206,456 (21,968)
[DISCONTINUED] 0 0
[EXTRAORDINARY] 0 0
[CHANGES] 0 0
[NET-INCOME] 206,456 (21,968)
[EPS-PRIMARY] .03 0
[EPS-DILUTED] .03 0
<FN>
<F1> [RECEIVABLES] ARE PRESENTED NET OF UNEARNED FINANCE CHARGES, NON-REFUNDABLE DEALER
RESERVE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS.
<F2> [RECEIVABLES] ARE PRESENTED AS TOTAL RESERVES, COMPRISED OF NON-REFUNDABLE DEALER
RESERVE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS.
</TABLE>
