FORM 10QSB/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(MARK ONE)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the Transition Period From ... to ...
Commission File No. 1-11873
K2 DESIGN, INC.
(Exact name of small business issuer as specified in its charter)
DELAWARE 13-3886065
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification
number)
55 BROAD STREET
NEW YORK, NEW YORK 10004
(Address of principal executive (Zip Code)
offices)
Issuer's telephone number: (212) 547-5234
Check whether the issuer (1) has filed all reports required by
Section 13 or 15(d) of the Exchange Act 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 No X
State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.
CLASS OUTSTANDING AT JUNE 30, 1996
Common stock, par value $.01 3,495,482
Common stock redeemable purchase warrants 1,000,000
[10Q3-96
<PAGE>
K2 DESIGN, INC. AND SUBSIDIARY
PART II - OTHER INFORMATION
Items 1.-5. Not applicable
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits - Exhibit 27.1 - Financial Data Schedule
(included only in the electronic filing with the
Securities and Exchange Commission)
(b) No reports on Form 8-K have been filed during the quarter for which this
report is filed.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
K2 DESIGN, INC.
Date: November 13, 1996 /S/ DAVID J. CENTNER
-------------------------------
David J. Centner
Chairman Of The Board,
Principal Executive Officer,
Principal Financial Officer and
Principal Accounting Officer
[10Q3-96]
<PAGE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
K2 DESIGN, INC. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS FOR THE
QUARTER ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> QTR-2
<FISCAL-YEAR-END> Dec-31-96
<PERIOD-START> Jan-01-96
<PERIOD-END> Jun-30-96
<CASH> 144,074
<SECURITIES> 0
<RECEIVABLES> 287,609
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 884,953
<PP&E> 161,514
<DEPRECIATION> 54,610
<TOTAL-ASSETS> 1,080,873
<CURRENT-LIABILITIES> 668,190
<BONDS> 0
<COMMON> 24,955
0
0
<OTHER-SE> 347,429
<TOTAL-LIABILITY-AND-EQUITY> 1,080,873
<SALES> 1,010,484
<TOTAL-REVENUES> 1,010,484
<CGS> 1,106,174
<TOTAL-COSTS> 1,516,091
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 7,762
<INCOME-PRETAX> (513,369)
<INCOME-TAX> 2,197
<INCOME-CONTINUING> (515,566)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (515,566)
<EPS-PRIMARY> (0.24)
<EPS-DILUTED> (0.24)
</TABLE>
