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 SEPTEMBER 30, 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 Ave
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 SEPTEMBER 30, 1996
COMMON STOCK 4,722,709
PAR VALUE: $.O1 per share
<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: November 15, 1996 /S/JOSEPH FELDSCHUH
JOSEPH FELDSCHUH,M.D.
President
DATE: November 15, 1996 /S/ROBERT ROSENTHAL
ROBERT ROSENTHAL,M.D.
Vice President
DATE: November 15, 1996 /S/OCTAVIA ATANASIU
OCTAVIA ATANASIU
Treasurer
DATE: November 15, 1996 /S/VIRGINIA FITZPATRICK
VIRGINIA FITZPATRICK
Corporate Secretary
<PAGE>
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS PAGE
Consolidated Balance Sheets as at
September 30, 1996 and December 31,1995 2
Consolidated Statements of Operations for the
Three and Nine Months ended September 30, 1996
and 1995 3
Consolidated Statements of Cash Flows for the
Nine Months ended September 30, 1996 and 1995 4
Notes to Financial Statements 5
Exhibit - 27 Supplementary Exhibit As required
by the Securities and Exchange Commission Exhibit 1
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 89,805
<SECURITIES> 33,230,471
<RECEIVABLES> 765,480
<ALLOWANCES> 0
<INVENTORY> 158,000
<CURRENT-ASSETS> 34,547,169
<PP&E> 1,102,176
<DEPRECIATION> (650,625)
<TOTAL-ASSETS> 35,030,705
<CURRENT-LIABILITIES> 4,867,644
<BONDS> 0
0
0
<COMMON> 53,097
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 35,030,705
<SALES> 632,416
<TOTAL-REVENUES> 2,223,536
<CGS> 673,682
<TOTAL-COSTS> 2,322,439
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 42,141
<INCOME-PRETAX> (98,903)
<INCOME-TAX> 13,828
<INCOME-CONTINUING> (112,731)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (112,731)
<EPS-PRIMARY> (0.02)
<EPS-DILUTED> (0.02)
</TABLE>
