U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
of 1934 For the quarterly period ended March 31, 1997
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 For the transition period from ___________ to ___________
Commission File Number 33-17598-NY
TIREX AMERICA INC.
(Exact Name of Small Business Issuer as Specified in its Charter)
Delaware 22-2824362
(State or other jurisdiction of (I.R.S. Employer
Incorporation or Organization) identification No.)
3767 Thimens, Ville St. Laurent, Quebec H4R lW4
(Address of Principal executive offices)
(514) 335-0111
(issuer's telephone number, including area code)
__________________________________________________________
(Former Name, Former Address and Former Fiscal Year,
if Changed Since Last Report)
Check whether the issuer: (1) 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 issuer 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
State the number of shares outstanding of each of the issuer's classes of
common equity: As of May 12, 1997, there were 28,794,063 shares of the
Issuer's common stock issued and outstanding.
Transitional Small Business Disclosure Format (check one):
Yes No X
------ -------
Page 1 of 3 pages
<PAGE>
TIREX AMERICA INC.
(A DEVELOPMENT STAGE COMPANY)
Consolidated Statement of Operations
(Unaudited)
<TABLE>
<CAPTION>
Nine Months Ended
March 31
1997 1996
<S> <C> <C>
Revenues - $ 36,860
Cost of Sales - 4,000
----- ------
Gross Profit - 32,860
----- ------
General and Administrative
Expenses
Officers Salary (Note 3, 5) 382,592 412,500
Consulting Services 70,771 128,833
Professional Services 58,761 13,525
Rent 5,056 1,500
Travel and Entertainment 65,672 32,794
Telephone 6,031 1,195
Depreciation and Amortization 2,085 1,035
Office Expenses 13,599 15,044
Miscellaneous 2,793 350
Franchise and other Tax - 443
Bank Charges 6,270 318
Investor Relations 1,794 576
Transfer Agent 5,009 2,216
------- ------
Total General and Administrative 620,433 610,329
Expenses
Net (Loss) (620,433) (577,469)
Net (Loss) Per Common Share ( .02) ( .03)
Weighted Average Shares of 23,907,069 19,041,095
Common Stock Outstanding
</TABLE>
See Notes to Financial Statements.
<PAGE>2
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
TIREX AMERICA INC,
By /s/ Terence C. Byrne
Terence C. Byrne, President
and Treasurer
Date: May 20, 1997 /s/ Terence C. Byrne
Terence C. Byrne, Chief Executive
and Chief Financial Officer
<PAGE>3
