U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-KSB/A
(Mark One)
[X] Annual report under section 13 or 15(d) of the Securities Exchange Act
of 1934 for the fiscal year ended 12/31/96.
[ ] Transition report under section 13 or 15(d) of the Securities Exchange
Act of 1934 for the transition period from ________ to ________.
Commission File Number 333-5278-NY
ARCA CORP.
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(Name of small business issuer in its charter)
New Jersey 22-3417547
---------- ----------
(State or other
jurisdiction (IRS Employer
of incorporation) Identification number)
215 West Main Street, Maple Shade, New Jersey 08052
---------------------------------------------- -------
(Address of principal executive offices) (Zip code)
(609) 667-0600
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(Issuer's telephone number)
Securities registered under Section 12(b) of the Act: none
Securities registered under Section 12(g) of the Act: none
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports)
and (2) has been subject to such filing requirements for the past 90 days)
[X]
Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB/A or any amendment to this Form 10-KSB/A. [X]
State issuer's revenues for its most recent fiscal year: $735,863.
The estimated aggregate market value of the voting stock held by
non-affiliates of the registrant as of December 31, 1996 was $234,000. Since
no bid or offer had been submitted by any market maker as of the date of this
Form 10-KSB/A, the market value is based upon the offering price of the
Common Stock of $1.00 per share pursuant to the Company's registration
statement number 333-5278-NY which became effective on November 4, 1996.
The Company had 500,000 shares of common stock, par value $.0001 per share,
outstanding as of December 31, 1996.
Documents incorporated by reference: The Company incorporates by reference
various exhibits from the Company's Registration Statement on Form SB-2, file
No. 33-5278-NY, which became effective on November 4, 1996.
Transitional Small Business Disclosure: Yes No
XX
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<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
ARCA CORP.
/s/ Harry J. Santoro
Dated: May 5, 1997 By: -------------------------------
Harry J. Santoro, President
(Principal Executive Officer)
In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.
/s/ Harry J. Santoro
Dated: May 5, 1997 -------------------------------
Harry J. Santoro
President, Treasurer and Director
(Principal Executive Officer)
/s/ Stephen M. Robinson
Dated: May 5, 1997 -------------------------------
Stephen M. Robinson
Vice President, Secretary
and Director
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 32,846
<SECURITIES> 0
<RECEIVABLES> 15,581
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 135,035
<PP&E> 3,517,135
<DEPRECIATION> 88,760
<TOTAL-ASSETS> 3,569,410
<CURRENT-LIABILITIES> 125,903
<BONDS> 3,490,419
0
0
<COMMON> 50
<OTHER-SE> (66,962)
<TOTAL-LIABILITY-AND-EQUITY> 3,569,410
<SALES> 0
<TOTAL-REVENUES> 735,863
<CGS> 0
<TOTAL-COSTS> 551,601
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 332,336
<INCOME-PRETAX> (139,412)
<INCOME-TAX> 0
<INCOME-CONTINUING> (139,412)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (139,412)
<EPS-PRIMARY> (.28)
<EPS-DILUTED> (.28)
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