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Page 1 of 8
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
X Quarterly report pursuant to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
For the quarterly period ended June 30, 1995 or
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 0-16106
APA OPTICS, INC.
(exact name of small business issuer as specified in its
charter)
Minnesota 41-1347235
(State or other jurisdiction of (I.R.S. Employer
Identification No.)
incorporation or organization)
2950 N.E. 84th Lane, Blaine, Minnesota 55449
(Address of principal executive offices and zip code)
Issuer's telephone number, including area code: (612)
784-4995
Indicate whether the issuer (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 issuer was
required
to file such reports), and (2) has been subject to the filing
requirement for
the past 90 days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's
classes of
common stock, as of the latest practicable date:
Class: Outstanding at June 30, 1995
Common stock, par value $.01 7,385,007
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PART II. OTHER INFORMATION
ITEMS 1 - 5. Not Applicable.
ITEM 6. Exhibits and Reports on Form 8-K
(a) Exhibit 11: Statement RE: Computation of per share earnings.
(b) Exhibit 27: Financial Data Schedules.
(c) Reports on Form 8-K
There were no reports on Form 8-K filed during the three
months ended
June 30, 1995.
Signatures
In accordance with the requirements of the Securities Exchange Act
of 1934,
the issuer has duly caused this report to be signed on its behalf
by the
undersigned, thereunto duly authorized.
APA OPTICS, INC.
08/24/95 s/s Anil K. Jain
Date Anil K. Jain
President
Principal Executive
Officer
Treasurer & Principal
Financial
Officer
08/24/95 s/s Randal J. Becker
Date Randal J. Becker
Principal Accounting
Officer
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<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> JUN-30-1995
<CASH> 313,152
<SECURITIES> 0
<RECEIVABLES> 460,896
<ALLOWANCES> 0
<INVENTORY> 214,967
<CURRENT-ASSETS> 1,095,235
<PP&E> 1,424,465
<DEPRECIATION> 103,193
<TOTAL-ASSETS> 2,990,778
<CURRENT-LIABILITIES> 172,736
<BONDS> 0
<COMMON> 73,850
0
0
<OTHER-SE> 2,299,192
<TOTAL-LIABILITY-AND-EQUITY> 2,990,778
<SALES> 592,017
<TOTAL-REVENUES> 592,017
<CGS> 445,326
<TOTAL-COSTS> 445,326
<OTHER-EXPENSES> 155,094
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 10,279
<INCOME-PRETAX> (16,237)
<INCOME-TAX> 250
<INCOME-CONTINUING> (16,487)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (16,487)
<EPS-PRIMARY> (.00)
<EPS-DILUTED> (.00)
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