SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR QUARTER ENDED: June 30, 1996 COMMISSION FILE #: 2-67918-NY
MIKROS SYSTEMS CORPORATION
--------------------------
(Exact Name of Registrant as Specified in Charter)
DELAWARE 14-1598-200
-------- -----------
(State or Other Jurisdiction of (I.R.S. Employer Identification#)
Incorporation or Organization)
3490 U.S. Route 1, Princeton, NJ 08540
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(Address of Principal Executive Offices, Including Zip Code)
Registrant's Telephone Number, Including Area Code: 609-987-1513
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed 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. [X]Yes [ ]No
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
OUTSTANDING AT
CLASS June 30, 1996
- ---------------------------- ----------------
COMMON STOCK, PAR VALUE $.01 7,894,608 SHARES
CONVERTIBLE PREFERRED STOCK, 1,005,000 SHARES
PAR VALUE $.01
SERIES B PREFERRED STOCK 1,131,663 SHARES
PAR VALUE $.01
SERIES C PREFERRED STOCK 5,000 SHARES
PAR VALUE $.01
SERIES D PREFERRED STOCK 690,000 SHARES
PAR VALUE $.01
- --------------------------------------------------------------------
<PAGE>
Item 6. EXHIBITS AND REPORTS ON FORM 8-K.
a) Exhibits:
Exhibit No. Description
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27 Financial Data Schedule
b) Reports on Form 8-K.
No reports on Form 8-K have been filed during the
quarter for which this report is filed.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
MIKROS SYSTEMS CORPORATION
(Registrant)
Dated: November 26, 1996
/s/ Thomas J. Meaney
-----------------------
Thomas J. Meaney
President and
Chief Executive Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 48,072
<SECURITIES> 0
<RECEIVABLES> 319,500
<ALLOWANCES> 0
<INVENTORY> 199,855
<CURRENT-ASSETS> 519,980
<PP&E> 684,938
<DEPRECIATION> (493,905)
<TOTAL-ASSETS> 820,432
<CURRENT-LIABILITIES> 1,615,554
<BONDS> 0
80,450
28,266
<COMMON> 78,946
<OTHER-SE> (1,308,904)
<TOTAL-LIABILITY-AND-EQUITY> 820,432
<SALES> 410,356
<TOTAL-REVENUES> 410,356
<CGS> 691,674
<TOTAL-COSTS> 691,674
<OTHER-EXPENSES> 397,796
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 47,272
<INCOME-PRETAX> (726,491)
<INCOME-TAX> 0
<INCOME-CONTINUING> (726,491)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (726,491)
<EPS-PRIMARY> (.10)
<EPS-DILUTED> (.10)
</TABLE>
