SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________________
FORM 10-Q
Quarterly Report Under Section 13 or 15(d)
of the
Securities Act of 1934
FOR QUARTER ENDED MARCH 31, 1996
Commission File Number 0-12248
DAXOR CORPORATION
(Exact Name as Specified in its Charter)
New York 13-2682108
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
350 Fifth Avenue
Suite 7120
New York, New York 10118
(Address of Principal Executive Offices & Zip Code)
Registrant's Telephone Number: (212) 244-0555
(Including Area Code)
Indicate by check mark whether the registrant (1) has filed all reports
required by Section 13 or 15(d) of the Securities Exchange Act of 1934
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 (X) No
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
CLASS OUTSTANDING AT MARCH 31, 1996
COMMON STOCK 4,722,709
PAR VALUE: $.O1 per share
<PAGE>
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS PAGE
Consolidated Balance Sheets as at
March 31, 1996 and December 31, 1995 2
Consolidated Statements of Operations for the
Three Months Ended March 31, 1996 and 1995 3
Consolidated Statements of Cash Flows for the
Three Months ended March 31, 1996 and 1995 4
Notes to Financial Statements 5
Exhibit - 27 Supplementary exhibit as required by the Securities
And Exchange Commission Exhibit 1
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DAXOR CORPORATION
(Registrant)
DATE: May 15, 1996 /s/Joseph Feldschuh
JOSEPH FELDSCHUH, M.D.
President
DATE: May 15, 1996 /s/Robert Rosenthal
ROBERT ROSENTHAL, M.D.
Vice President
DATE: May 15, 1996 /s/Octavia Atanasiu
OCTAVIA ATANASIU
Treasurer
DATE: May 15, 1996 /s/ Virginia Fitzpatrick
VIRGINIA FITZPATRICK
Secretary
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 200,654
<SECURITIES> 33,588,246
<RECEIVABLES> 545,735
<ALLOWANCES> 0
<INVENTORY> 158,000
<CURRENT-ASSETS> 34,817,101
<PP&E> 1,028,850
<DEPRECIATION> 628,617
<TOTAL-ASSETS> 35,256,772
<CURRENT-LIABILITIES> 4,216,918
<BONDS> 0
0
0
<COMMON> 53,097
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 35,256,772
<SALES> 177,676
<TOTAL-REVENUES> 635,996
<CGS> 130,127
<TOTAL-COSTS> 734,480
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 19,281
<INCOME-PRETAX> (98,484)
<INCOME-TAX> 13,311
<INCOME-CONTINUING> (111,795)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (111,795)
<EPS-PRIMARY> (0.02)
<EPS-DILUTED> (0.02)
</TABLE>
