SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB
10QSB/A #2
Quarterly Report Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For the quarterly period ended June 30, 1996
Commission file number 0-18727
CARC, Inc.
(Exact name of registrant as specified in its charter)
South Carolina 57-0641693
(State or other jurisdiction (I.R.S. Employer
of incorporation of organization) Identification No.)
500 Downs Loop
Clemson, SC 29631
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (864) 654-1155
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) or the Securities Exchange Act of
1934 during the preceding 1-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
Indicate the number of shares outstanding of each issuer's classes of common
stock, as of the latest practical date.
Class Outstanding at June 30, 1996
Common stock, $1,000 par value 536,000<PAGE>
CARC, INC.
Quarterly Report on Form 10-QSB
For the Quarterly Periods Ended June 30, 1996
INDEX
Item 6. Exhibits and Reports on Form 8-K
A. Exhibit A Selected Financial Statements
B. There were no reports on Form 8-K filed for the three months
ended June 30, 1996.
<PAGE>
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.
CARC, Inc.
Clemson, South Carolina
Date: November 22, 1996 /s/Anita M. Davis
Anita M. Davis
Administrator
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<PERIOD-TYPE> 3-MOS 3-MOS
<FISCAL-YEAR-END> MAR-31-1997 MAR-31-1996
<PERIOD-START> APR-01-1996 APR-01-1995
<PERIOD-END> JUN-30-1996 JUN-30-1995
<CASH> 319,342 0
<SECURITIES> 112,926 0
<RECEIVABLES> 118,652 0
<ALLOWANCES> 5,000 0
<INVENTORY> 14,924 0
<CURRENT-ASSETS> 613,777 0
<PP&E> 7,419,356 0
<DEPRECIATION> 3,499,422 0
<TOTAL-ASSETS> 4,852,781 0
<CURRENT-LIABILITIES> 493,790 0
<BONDS> 2,665,824 0
0 0
0 0
<COMMON> 536,000 0
<OTHER-SE> 1,059,431 0
<TOTAL-LIABILITY-AND-EQUITY> 4,852,781 0
<SALES> 0 0
<TOTAL-REVENUES> 749,985 755,932
<CGS> 0 0
<TOTAL-COSTS> 663,301 618,414
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 56,750 64,317
<INCOME-PRETAX> 36,765 75,126
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 36,765 75,126
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 36,765 75,126
<EPS-PRIMARY> .07 .14
<EPS-DILUTED> .00 .00
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