SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/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 December 31, 1995
___ TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to
___________
Commission File: No. 0-2052
GODDARD INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Massachusetts 04-2268165
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
705 Plantation Street, Worcester, Massachusetts 01605
(Address of principal executive office) (Zip
Code)
Registrant's telephone number, including area code (508) 852-
2435
Check whether the registrant (1) filed all reports required
to be
filed by Section 13 or 15(d) of the Exchange Act during the
past 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
State the number of shares outstanding of each of the
issuer's
classes of common stock, as of the latest practicable date.
Title of Each Class of Number of Shares
Outstanding
Common Stock Outstanding at December 31, 1995
Common Stock, $.01 par value 2,032,804
Transitional Small Business Disclosure Format
Yes ___ No _X_
GODDARD INDUSTRIES, INC.
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION
PAGE
Item 1. Financial Statements
Consolidated Balance Sheet - December 31, 1995
and September 30,
1995........................................................
3
Consolidated Statement of Income - Three Months Ended
December 31, 1995 and December
31,1994.......................... 4
Consolidated Statement of Cash Flows - Three Months
Ended
December 31, 1995 and December 31,
1994......................... 5
Notes to Consolidated
Financial..........Statements............... 6
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of
Operations.................................... 10
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-
K................................... 11
EXHIBIT (27)
This schedule contains summary financial information
extracted from Form 10-QSB and is qualified in its entirety
by reference to such financial statements.
3-MOS
Fiscal year end Sep 28 1996
Period start Oct 01 1995
Period end Dec 31 1995
CASH
137,511
SECURITIES 0
RECEIVABLES 806,110
ALLOWANCES 31,600
INVENTORY 3,012,124
CURRENT ASSETS 4,122,103
PP&E
3,347,774
DEPRECIATION 2,435,077
TOTAL ASSETS 5,200,797
CURRENT LIABILITIES 735,652
COMMON 20,328
OTHER 2,739,814
TOTAL LIABILITY 5,200,797
AND EQUITY
SALES
1,791,242
TOTAL REVENUES 1,798,137
COS
1,200,956
TOTAL COSTS 382,065
INTEREST EXPENSES 28,004
LOSS PROVISION 3,000
INCOME PRETAX 187,112
INCOME TAX 77,900
NET INCOME 109,212
EPS
.05
-12-
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of
1934, the Registrant has duly caused the Report to be signed
on its
behalf by the undersigned thereunto duly authorized.
Dated as of March 26, 1996
GODDARD INDUSTRIES, INC.
by /s/ Saul I. Reck
Saul I. Reck, President,
Chief Executive Officer
and Principal Financial
Officer
- 13 -
