SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
UNDER REPORT UNDER SECTION 13 or 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
For the Fiscal Year Ended: June 30, 1996 Commission File No.
2-78287-NY
FOOD CONCEPTS, INC.
exact name of registrant as specified in its charter
NEVADA 13-3124057
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
6601 Lyons Road
Suite C-12
Coconut Creek, Florida 33073
(address of principal executive office)
Registrant's telephone number, including area code:(954) 420-0882
Indicate by check mark whether the registrant has filed all
annual, quarterly and other reports required to be filed with the
Commission within the past ninety days and in addition, has filed
the most recent annual report required to be filed.
Yes [x] No [ ]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check marks whether the registrant has filed all
documents and reports required to be filed by Sections 2, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.
Yes [ ] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Common Stock $.0001 par value, 3,894,744
(Title of Class) (Shares outstanding at
June 30, 1996)
<PAGE> 1
EXHIBITS, FINANCIAL STATEMENT SCHEDULES
I. Financial Statements and Schedules
Report of Independent Certified Public Accountants.
Consolidated Financial Statements:
Balance Sheets
Statements of Operations
Statements of Changes in Stockholders Equity
Statements of Cash Flow
Notes to Financial Statements
<PAGE> 2
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused this
report to be signed on its behalf by the undersigned thereunto
duly authorized.
FOOD CONCEPTS, INC. FOOD CONCEPTS, INC.
BY: /S/ FRANCIS GLAUBMAN BY: /S/ HERBERT GLAUBMAN
FRANCIS GLAUBMAN HERBERT GLAUBMAN
Dated: November 20, 1996 Dated: November 20, 1996
<PAGE> 3
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<CASH> (11,201)
<SECURITIES> 0
<RECEIVABLES> 127,387
<ALLOWANCES> 0
<INVENTORY> 180,946
<CURRENT-ASSETS> 297,132
<PP&E> 63,386
<DEPRECIATION> 27,221
<TOTAL-ASSETS> 333,297
<CURRENT-LIABILITIES> 198,523
<BONDS> 0
0
0
<COMMON> 3,895
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 340,332
<SALES> 745,671
<TOTAL-REVENUES> 745,671
<CGS> 363,061
<TOTAL-COSTS> 363,061
<OTHER-EXPENSES> 457,506
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 20,586
<INCOME-PRETAX> (95,482)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (95,482)
<EPS-PRIMARY> (.041)
<EPS-DILUTED> (.041)
</TABLE>
