CELCOR INC
10QSB/A, 1996-01-05
NON-OPERATING ESTABLISHMENTS
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549
                                     
                               FORM 10-QSB/A
                      (As amended January 5, 1996)

(Mark One)

[X]  Quarterly report under Section 13 or 15(d) of the Securities Exchange
     Act of 1934

     For the quarterly period ended September 30, 1995

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

     For the transition period from ______ to ________

Commission file number 0-13337
                                     
                               CELCOR, INC.
     (Exact Name of Small Business Issuer as Specified in its Charter)
                                     
             DELAWARE                        22-2497491
(State or other jurisdiction of  (I.R.S. Employer identification
incorporation or organization)                  number)

                  1800 Bloomsbury Ave., Ocean, N.J. 07712
                 (Address of principal executive offices)
                                     
                                908-922-3158
                (Issuer's telephone number including area code)

                                     
 (Former name, former address and former fiscal year, if change since last
                                  report)
                                     
      Check whether issuer:  (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past twelve 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
ninety days.


                      Yes      X             No
                                     
             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

       Check  whether  the  registrant has 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 the court.

                         Yes   [X]             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 last practicable date:

As of September 30, 1995 there were outstanding 3,364,674 shares of the
Registrant's common stock.



                                SIGNATURES
                                     
      Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Amended Report to be signed on its
behalf by the undersigned thereunto duly authorized.


Dated:  January 5, 1995                 CELCOR, INC.



                                         Stephen E. Roman, Jr.
                                         President




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<ARTICLE>           5
<MULTIPLIER>        1
<CURRENCY>          U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<CASH>                                             836
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   836
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 700,836
<CURRENT-LIABILITIES>                           42,953
<BONDS>                                              0
<COMMON>                                         3,515
                                0
                                        275
<OTHER-SE>                                     654,093
<TOTAL-LIABILITY-AND-EQUITY>                   700,836
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                27,171
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
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<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (27,171)
<EPS-PRIMARY>                                     (.01)
<EPS-DILUTED>                                     (.01)
        





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