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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10SB12G/A
Amendment No. 2 to
GENERAL FORM FOR REGISTRATION OF SECURITIES OF SMALL
BUSINESS ISSUERS
Under Section 12(b) or (g) of the Securities Exchange Act of 1934
PENNSYLVANIA PHYSICIAN HEALTHCARE PLAN, INC.
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(Name of Small Business Issuer in its charter)
Pennsylvania 23-2795795
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(State or other Jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
777 East Park Drive
P.O. Box 8740
Harrisburg, PA 17105-8740
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number including area code: (800) 671-7747
Securities to be registered under Section 12(b) of the Act: None
Securities to be registered under Section 12(g) of the Act:
Class A Common Stock, $.01 par value per share
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(Title of Class)
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PENNSYLVANIA PHYSICIAN HEALTHCARE PLAN, INC.
(A Development Stage Company)
Statements of Operations (Unaudited)
Three-Month Periods Ended March 31, 1996 and 1995
Cumulative From
Inception to
Revenues: 1996 1995 March 31, 1996
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Contribution from Non-Profit Corporation -- -- $34,412
Interest Income $231,573 -- 397,618
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Total Revenue 231,573 -- 432,030
Expenses:
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Legal Fees & Related Expenses 58,769 57,250 173,506
Management Consulting 156,035 22,936 390,586
Other Consulting 464,002 -- 541,445
Administrative Expenses 58,305 31,669 367,034
Accounting 745 -- 11,165
Payroll 4,173 -- 33,208
Payroll Taxes 1,726 -- 4,259
Interest Expense -- -- 49,838
Other Taxes 5,000 -- 45,000
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Total Expenses 748,755 111,855 1,616,041
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Loss before income taxes (517,182) (111,855) (1,184,011)
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Income Taxes:
Current Tax Expense 73,563 -- 102,134
Deferred Tax Benefit (301,070) (38,047) (622,978)
Net loss ($289,675) ($73,808) ($663,167)
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Weighted Average Loss per Common Share
(Based on cumulative weighted average
shares of 1,817, and weighted average
shares of 4,853 and 0 as of March 31,
1996 and 1995 respectively) ($59.69) -- ($364.98)
The accompanying notes are an integral part of these financial statements
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SIGNATURES
In accordance with section 12 of the Securities Exchange Act of 1934,
Registrant caused this amendment to registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized.
PENNSYLVANIA PHYSICIAN HEALTHCARE
PLAN, INC.
By: /s/ Gary C. Brown
______________________________
Gary C. Brown, M.D., President
Date: June 18, 1996
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