FORM 10-QSB
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1995
OR
TRANSITION REPORT PURSUANT TO SECTION 13 0R 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: Act No. 33-4882-D
CLANCY SYSTEMS INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
Colorado 84-1027964
(State or other jurisdiction of (IRS Employer Identification
incorporation or organization) Number)
2250 S. Oneida #308, Denver, Colorado 80224
(Address of principal executive offices and Zip Code)
(303)753-0197
(Registrant's telephone number)
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 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 CORPORATE ISSUERS:
Indicate the number of shares of outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
336,889,147 common shares were outstanding as of February 9, 1996.
<PAGE>
CLANCY SYSTEMS INTERNATIONAL, INC.
INDEX
Page No.
PART I. FINANCIAL INFORMATION
Balance Sheet - September 30, 1995 and December 31, 1995 2 and 3
Statement of Operations - For the Three Months Ended
December 31, 1994 and 1995 4
Statement of Stockholders' Equity - For the Three Months
Ended December 31, 1995 5
Statement of Cash Flows - For the Three Months Ended
December 31, 1994 and 1995 6
Notes to Unaudited Financial Statements 7
Management's Discussion and Analysis of Financial
Condition and Results of Operations 8
PART II. OTHER INFORMATION 8
Item 6 - Exhibit 27
<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.
Date: March 25, 1996 Clancy Systems International, Inc.
(Registrant)
By: /s/ Stanley J. Wolfson
Stanley J. Wolfson, President
and Chief Executive Officer
By: /s/ Lizabeth M. Wolfson
Lizabeth M. Wolfson, Secretary-
Treasurer and Chief Financial
and Chief Accounting Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM FORM 10QSB FOR PERIOD ENDED 12/31/95 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FORM 10QSB
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> DEC-31-1995
<CASH> 200,630
<SECURITIES> 0
<RECEIVABLES> 171,313
<ALLOWANCES> 0
<INVENTORY> 173,498
<CURRENT-ASSETS> 570,209
<PP&E> 1,326,182
<DEPRECIATION> 844,099
<TOTAL-ASSETS> 1,145,860
<CURRENT-LIABILITIES> 70,686
<BONDS> 0
0
0
<COMMON> 33,689
<OTHER-SE> 1,032,485
<TOTAL-LIABILITY-AND-EQUITY> 1,145,860
<SALES> 0
<TOTAL-REVENUES> 257,416
<CGS> 0
<TOTAL-COSTS> 70,793
<OTHER-EXPENSES> 21,880
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 206
<INCOME-PRETAX> (19,318)
<INCOME-TAX> (5,000)
<INCOME-CONTINUING> (14,318)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (14,318)
<EPS-PRIMARY> .00
<EPS-DILUTED> .00
</TABLE>
