SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A1
[ 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 UNDER SECTION 10 OR 15(d) OF THE EXCHANGE ACT
Commission File Number 0-3926
ANTARES RESOURCES CORPORATION
(Exact name of small business issuer as specified in its charter)
New York 13-1950459
(State or other jurisdiction (I.R.S. Identification number)
of incorporation or organization)
100 Quentin Roosevelt Boulevard, Suite 202 Garden City, New York 11530
(address of principal executive offices)
(516) 683-8116
(Issuer's Telephone Number, Including Area Code)
(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer(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
equity, as of the latest practicable date.
Outstanding Equity Securities at February 16, 1996
Class of Securities Outstanding Shares
Common Stock, .001 par value, 14,415,395 shares
Preferred Stock, .01 par value
Series A ($10.00 Liquidation Preference), 100,000 shares
Series B ($ 2.50 Liquidation Preference) 135,000 shares
Transitional Small Business Disclosure Format
Yes X No
ANTARES RESOURCES CORPORATION
Exhibit Index to Quarterly Report on Form 10-QSB
For the Quarter Ended December 31, 1995
EXHIBITS
EX-27 Financial Data Schedule
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 of the
undersigned thereunto duly authorized.
ANTARES RESOURCES CORPORATION
(Registrant)
By/s/Joan Kushay
Joan Kushay
Assistant Secretary and Director
(Duly Authorized Officer)
Dated: March 20, 1996
ANTARES RESOURCES CORPORATION
Financial Data Schedule
As of December 31, 1995 and for the three month period then ended
Article 5 of Regulation S-X
This schedule contains summary financial information extracted from the
condensed consolidated financial statements filed with Form 10QSB for the
quarterly period ended December 31, 1995 and is qualified in its entirety
by reference to such financial statements.
<DOCUMENTS>
[TYPE] EX-27
[DESCRIPTION] ART. 5 FDS FOR 1ST QUARTER 10-QSB/A1
[ARTICLE] 5
<TABLE>
<S> <C>
[PERIOD-TYPE] 3-MOS
[FISCAL-YEAR-END] SEP-30-1995
[PERIOD-END] DEC-31-1995
[CASH] 3,626,305
[SECURITIES] 0
[RECEIVABLES] 40,107
[ALLOWANCES] 23,000
[INVENTORY] 1,075,991
[CURRENT-ASSETS] 4,908,308
[PP&E] 2,352,634
[DEPRECIATION] 73,251
[TOTAL-ASSETS] 11,636,339
[CURRENT-LIABILITIES] 737,119
[BONDS] 655,159
[PREFERRED-MANDATORY] 0
[PREFERRED] 2,350
<COMMON STOCK> 6,983
[OTHER-SE] 10,234,728
[TOTAL-LIABILITY-AND-EQUITY] 11,636,339
[SALES] 350,669
[TOTAL-REVENUES] 350,669
<CSG> 233,270
[TOTAL-COSTS] 233,270
[OTHER-EXPENSES] 700,881
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 26,616
[INCOME-PRETAX] (583,482)
[INCOME-TAX] 0
[INCOME-CONTINUING] (552,625)
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] (552,625)
[EPS-PRIMARY] (0.08)
<EPS-DILUTED) 0
</TABLE>
