SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ________________ to ________________
Commission file number: 0-10909
CORNICHE GROUP INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 22-2343568
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) Identification No.)
Wayne Interchange Plaza I
145 Route 46 West, Wayne, NJ 07470
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 201-785-3330
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check X whether 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 registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
________ __________
4,572,743 shares, $.10 par value
(Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date)
________________________
Page 1 of 3 pages
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CORNICHE GROUP INCORPORATED
Balance Sheet
ASSETS
<TABLE>
<CAPTION>
June 30, March 31,
1997 1997
(unaudited) (audited)
<S> <C> <C>
Current assets:
Cash $263,428 $13,167
Other receivables and prepaid expenses 1,087 1,000
---------- ---------
Total current assets 264,515 14,167
Other assets:
Property and equipment, net 650 747
---------- --------
Total assets $265,165 $14,914
========= =========
LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY
Current liabilities:
Notes payable $0 $400,000
Trade accounts payable 574 4,929
Dividends payable - preferred stock 162,086 148,397
Accrued liabilities 19,900 113,297
------------ ----------
Total current liabilities 182,560 666,623
------------ ----------
Stockholders' (deficiency) equity:
Stockholders' (deficiency) equity
Preferred Stock, $.01 par value,
authorized 5,000,000 shares
including 1,000,000 shares of
Series A 7% cumulative convertible
preferred stock, issued and outstanding
896,967 shares of Series A preferred stock
at June 30, 1997 (909,267 shares of Series
A preferred stock at March 31, 1997) 896,967 909,267
Common stock, $0.10 par value,
authorized - 30,000,000 shares, issued
4,572,743 shares at June 30, 1997
(2,630,378 shares at March 31, 1997) 457,274 263,037
Additional paid-in capital 1,521,149 830,086
(Accumulated deficit) retained earnings (2,588,075) (2,449,398)
------------- -----------
287,315 ( 446,999)
Treasury stock-at cost, 218,100 shares ( 204,710) ( 204,710)
------------- ------------
Total stockholders' (deficiency) equity 82,605 ( 651,709)
------------- ------------
Total liabilities and stockholders'
(deficiency) equity $265,165 $14,914
========== ==========
</TABLE>
See accompanying notes
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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.
CORNICHE GROUP INCORPORATED
(Registrant)
By /s/ James J. Fyfe
JAMES J. FYFE, Vice President and
Principal Financial Officer
Date: July 18, 1997
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