GREENTREE SOFTWARE INC
10QSB/A, 1996-05-29
PREPACKAGED SOFTWARE
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                       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 February 29, 1996

    [ ]  Transition report under Section 13 or 15(d) of the Exchange Act

    For the transition period from__________ to ___________

Commission File Number 0-11791


                            GREENTREE SOFTWARE, INC.
                            ------------------------
           (Name of Small Business Issuer as Specified in Its Charter)


          New York                                      13-2897997
- --------------------------------            -----------------------------------
  (State or Other Jurisdiction             (I.R.S. Employer Identification No.)
of Incorporation or Organization)

                               2801 Fruitville Rd.
                                    Suite 180
                                Sarasota, FL 34237
                    ----------------------------------------
                    (Address of Principal Executive Offices)

                                  (941)954-2210
                ------------------------------------------------ 
                (Issuer's Telephone Number, Including Area Code)


         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.

                  Class                       Outstanding at April 12, 1996
         ------------------------             -----------------------------
         Common Shares, par value                   8,603,455 shares
                  $.04 per share



<PAGE>

   
                                   Signatures;



Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused Amendment No. 1 to this report to be signed on its 
behalf by the undersigned thereunto duly authorized.


                                                      GREENTREE SOFTWARE, INC.

                                                       

                                                      By: /s/ Arnold Muhlbach
                                                          ----------------------
                                                         Arnold Muhlbach
                                                         Chief Financial Officer

May 29, 1996
    



                                        1

<PAGE>

   
Item 6.  Exhibits and Reports on Form 8-K

         (a)      Exhibits

                  Exhibit 27 Financial Data Schedule

         (b)      Reports on Form 8-K

         On August 24, 1995, November 13, 1995, and January 2, 1996 the Company
filed reports on form 8-K which are hereby included by reference.
    



                                        2



<TABLE> <S> <C>
                        
<ARTICLE>                      5
<LEGEND>
     This Schedule contains summary financial information extracted from the
Quarterly Report on Form 10-QSB as amended by Amendment No. 1 on Form 10-QSB/A 
and is qualified in its entirety by reference to such financial statements.
</LEGEND>

<MULTIPLIER>                                1
<CURRENCY>                                  U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   9-mos
<FISCAL-YEAR-END>                            May-31-1996
<PERIOD-START>                               Jun-01-1995
<PERIOD-END>                                 Feb-29-1996
<EXCHANGE-RATE>                                    1,000
<CASH>                                           143,763
<SECURITIES>                                           0
<RECEIVABLES>                                    199,438
<ALLOWANCES>                                      21,682
<INVENTORY>                                       12,498
<CURRENT-ASSETS>                                 382,945
<PP&E>                                           475,639
<DEPRECIATION>                                   304,459
<TOTAL-ASSETS>                                 1,484,883
<CURRENT-LIABILITIES>                            876,963
<BONDS>                                                0
                                  0
                                            0
<COMMON>                                         345,286
<OTHER-SE>                                       262,634
<TOTAL-LIABILITY-AND-EQUITY>                   1,484,883
<SALES>                                          102,778
<TOTAL-REVENUES>                                 238,430
<CGS>                                            165,587
<TOTAL-COSTS>                                    165,587
<OTHER-EXPENSES>                                 842,813
<LOSS-PROVISION>                                       0
<INTEREST-EXPENSE>                                   744
<INCOME-PRETAX>                                (769,281)
<INCOME-TAX>                                       2,400
<INCOME-CONTINUING>                            (771,681)
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                   (771,681)
<EPS-PRIMARY>                                        .13
<EPS-DILUTED>                                        .13
        

</TABLE>


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