WATER JEL TECHNOLOGIES INC
10QSB/A, 1995-08-15
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
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<PAGE>
                 U.S. SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549
                              FORM 10-QSB/A
(Mark One)
/x/ Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
of 1934
  
For the quarterly period ended May 31, 1995
        
/ / Transition report under Section 13 or 15(d) of the Exchange Act 

For the transition period from __________ to __________

Commission file number 0-13049
                       _______

                     WATER-JEL TECHNOLOGIES, INC.
_______________________________________________________________________
(Exact Name of Small Business Issuer as Specified in its charter)

        NEW YORK                                              13-3006788
___________________________________                     ______________________
(State or other jurisdiction of                            (I.R.S.Employer
 incorporation or organization)                           Identification No.)

        243 VETERANS BOULEVARD, CARLSTADT, NEW JERSEY   07072   
______________________________________________________________________
        (Address of Principal Executive Offices) 

        (201) 507-8300
______________________________________________________________________  
        (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 _____

               APPLICABLE ONLY TO ISSUERS INVOLVED IN
                 BANKRUPTCY PROCEEDINGS DURING THE
                       PRECEDING FIVE YEARS
        Check whether the registrant filed all documents and reports required 
to be filed by Section 12, 13 or 15(d) of the Exchange Act after the 
distribution of securities under a plan confirmed by a court. 
Yes _____    No _____         

                APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of 
common equity, as of the latest practicable date:   3,499,199

<PAGE>
                                   SIGNATURE


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                    BY:   /s/ Peter D. Cohen
                                                          ------------------
                                                          PETER D. COHEN,
                                                          PRESIDENT

                                                    BY:   /s/ Alex M. Alaminos 
                                                          --------------------
                                                          ALEX M. ALAMINOS,
                                                          CONTROLLER

DATE:    August 15, 1995 

<PAGE>
                             Exhibit Index

Exhibit
  No.               Description
-------             -----------

  27           Financial Data Schedule


<TABLE> <S> <C>


<ARTICLE> 5

<LEGEND>
The schedule contains summary financial information extracted from the
consolidated financial statements and is qualified in its entirety by
reference to such financial statements.
</LEGEND>

<MULTIPLIER> 1

       
<S>                         <C>
<PERIOD-TYPE>                     9-MOS
<FISCAL-YEAR-END>           AUG-31-1995
<PERIOD-END>                MAY-31-1995
<CASH>                        2,580,715
<SECURITIES>                          0
<RECEIVABLES>                   807,438
<ALLOWANCES>                     25,000
<INVENTORY>                   1,215,728
<CURRENT-ASSETS>              5,389,286
<PP&E>                        2,197,196
<DEPRECIATION>                1,170,957
<TOTAL-ASSETS>                7,474,885
<CURRENT-LIABILITIES>           697,944
<BONDS>                         115,220
<COMMON>                        279,936
                 0
                           0
<OTHER-SE>                    6,381,786
<TOTAL-LIABILITY-AND-EQUITY>  7,474,885
<SALES>                       3,690,540
<TOTAL-REVENUES>              3,789,253
<CGS>                         1,411,265
<TOTAL-COSTS>                 1,411,265
<OTHER-EXPENSES>                      0
<LOSS-PROVISION>                      0
<INTEREST-EXPENSE>               12,220
<INCOME-PRETAX>                 241,600
<INCOME-TAX>                          0
<INCOME-CONTINUING>             241,600
<DISCONTINUED>                        0
<EXTRAORDINARY>                       0
<CHANGES>                             0
<NET-INCOME>                    241,600
<EPS-PRIMARY>                       .07
<EPS-DILUTED>                       .07
        


</TABLE>


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