NEW DIRECTIONS MANUFACTURING INC
10KSB/A, 1998-10-15
WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED)
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  FORM 10-KSB/A

                                 AMENDMENT NO. 1

       ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
                   FOR THE FISCAL YEAR ENDED JUNE 30, 1998

                        COMMISSION FILE NUMBER: 000-22855


                       NEW DIRECTIONS MANUFACTURING, INC.
        (Exact name of small business issuer as specified in its charter)

            NEVADA                                      86-0671974
(State or other Jurisdiction of             (I.R.S. Employer Identification No.)
 Incorporation or Organization)

                 2940 W. WILLETTA STREET, PHOENIX, ARIZONA 85009
               (Address of principal executive offices) (Zip Code)

                                 (602) 352-1165
                (Issuer's telephone number, including area code)




THE SOLE PURPOSE OF THIS AMENDMENT IS TO PROVIDE THE FINANCIAL DATA SCHEDULE
THAT WAS INADVERTENTLY OMITTED WITH THE PREVIOUS FILING.
<PAGE>   2
                                 SIGNATURE PAGE


      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.


                                       NEW DIRECTIONS MANUFACTURING, INC.



Date: October 15, 1998                 /s/ Donald A.Metke
                                       -----------------------------------------
                                       DONALD A. METKE
                                       President, Chief Executive Officer, Chief
                                       Financial Officer, Chief Operating
                                       Officer, Director
<PAGE>   3
                                  EXHIBIT INDEX


EXHIBIT 27 - FINANCIAL DATA SCHEDULE


<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 10-KSB
OF NEW DIRECTIONS MANUFACTURING, INC. FOR THE FISCAL YEAR ENDED JUNE 30, 1998
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-KSB.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               JUN-30-1998
<CASH>                                         232,203
<SECURITIES>                                         0
<RECEIVABLES>                                  595,605
<ALLOWANCES>                                    31,040
<INVENTORY>                                    287,893
<CURRENT-ASSETS>                             1,114,022
<PP&E>                                         541,728
<DEPRECIATION>                                  66,813
<TOTAL-ASSETS>                               2,750,597
<CURRENT-LIABILITIES>                          501,295
<BONDS>                                              0
                                0
                                          0
<COMMON>                                         5,052
<OTHER-SE>                                   1,820,243
<TOTAL-LIABILITY-AND-EQUITY>                 2,750,597
<SALES>                                      6,813,316
<TOTAL-REVENUES>                             6,813,316
<CGS>                                        5,422,579
<TOTAL-COSTS>                                5,422,579
<OTHER-EXPENSES>                             1,421,603
<LOSS-PROVISION>                                18,000
<INTEREST-EXPENSE>                              64,414
<INCOME-PRETAX>                               (77,534)
<INCOME-TAX>                                  (19,000)
<INCOME-CONTINUING>                           (58,534)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (58,534)
<EPS-PRIMARY>                                    (.01)
<EPS-DILUTED>                                    (.01)
        

</TABLE>


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