Form 10-QSB
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
Of the Securities Exchange Act of 1934
For Quarter Ended December 31, 1996
Commission File Number 33-16531-D
International Automated Systems, Inc.
(Exact name of registrant as specified in its charter)
Utah87-0447580
(State or other jusrisdiction of(IRS Employer
incorporation or organization)Identification No.)
512 South 860 East
American Fork, Utah 84003
(Address of principal executive offices)
Registrant's telephone number
including area code(801) 763-9965
Not applicable
Former Address, 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 proceeding 12 months (or
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
As of December 31, 1996 registrant had 15,186,100
shares of common stock, no par value per
share, issued and outstanding after deducting shares
held in the corporate treasury and one million
shares of Series 1 Class A Preferred Stock, no par
value per share.
<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.
Date3-3-97
International Automated Systems, Inc.
By _______________________________________
Neldon Johnson
President and Chief Executive Officer
By _______________________________________
Neldon Johnson
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1996
<CASH> 60,770
<SECURITIES> 0
<RECEIVABLES> 46,930
<ALLOWANCES> 0
<INVENTORY> 199,760
<CURRENT-ASSETS> 312,324
<PP&E> 194,364
<DEPRECIATION> (57,379)
<TOTAL-ASSETS> 624,142
<CURRENT-LIABILITIES> 244,586
<BONDS> 0
292,786
0
<COMMON> 1,886,317
<OTHER-SE> (1,807,982)
<TOTAL-LIABILITY-AND-EQUITY> 624,142
<SALES> 25,928
<TOTAL-REVENUES> 25,928
<CGS> 12,100
<TOTAL-COSTS> 689,255
<OTHER-EXPENSES> 0
<LOSS-PROVISION> (670,007)
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> (0.040)
<EPS-DILUTED> 0
</TABLE>
