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Previous: ROCKEFELLER CENTER PROPERTIES INC, SC 13D/A, 1996-07-15 |
Next: CALIFORNIA INVESTMENT TRUST II, 485APOS, 1996-07-15 |
<PAGE>
U.S. Securities and Exchange Commission
Washington, D.C. 20549
Form 10-QSB/A
Amendment 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ______
Commission file number 33-00412-NY
FIRST PRIORITY GROUP, INC
(Exact name of small business issuer as specified in its charter)
New York 11-2750412
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
270 Duffy Avenue
Hicksville, New York 11801
(Address of principal executive offices)
(516) 938-1010
(Issuer's telephone number)
Check whether the issuer (1) has 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 May 14, 1996: 5,883,883 shares of common stock
Transitional Small Business Format (check one)
Yes[ ] No[ X ]
<PAGE>
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
FIRST PRIORITY GROUP, INC.
Date: May 14, 1996 By: /s/ Michael Karpoff
--------------------------------
Michael Karpoff
Co-Chairman of the Board
of Directors, President and
Co-Chief Executive Officer
Date: May 14, 1996 By: /s/ Barry Siegel
--------------------------------
Barry Siegel
Co-Chairman of the Board
of Directors, Co-Chief
Executive Officer, Treasurer,
Secretary, and Principal
Financial and Accounting Officer
2
<PAGE>
Index of Exhibits
Exhibit No. Description Page
- ----------- ----------- ----
27 Financial Data Schedule 4
3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Balance Sheet at 3/31/96, I/S for three months ended 3/31/96 and 3/31/95,
consolidated statements of cashflows.
</LEGEND>
<CIK> 0000778164
<NAME> FIRST PRIORITY GROUP, INC.
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 771,767
<SECURITIES> 0
<RECEIVABLES> 1,152,936
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,939,165
<PP&E> 275,133
<DEPRECIATION> 146,798
<TOTAL-ASSETS> 2,078,074
<CURRENT-LIABILITIES> 1,075,272
<BONDS> 0
0
0
<COMMON> 92,258
<OTHER-SE> 1,000,544
<TOTAL-LIABILITY-AND-EQUITY> 2,078,074
<SALES> 3,180,779
<TOTAL-REVENUES> 3,187,317
<CGS> 2,589,172
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 484,205
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 113,940
<INCOME-TAX> 1,000
<INCOME-CONTINUING> 112,940
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 112,940
<EPS-PRIMARY> .02
<EPS-DILUTED> .01
</TABLE>
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