U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE
SECURITIES AND EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE
SECURITIES AND EXCHANGE ACT OF 1934
Commission file number 0-17117
WALL STREET FINANCIAL CORPORATION
(Exact name of Small Business Issuer as specified in its
charter)
Delaware 99-024086
(State or other jurisdiction of (I.R.S.
employer
incorporation or organization)
identification No.)
1088 Bishop Street, Suite 1104, Honolulu, HI, USA
96813
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code: (808)
526-3999
________________________________________________________________
____________
Securities registered pursuant to Section 12(g) of the Exchange
Act:
Title of each class Name of each exchange on which
registered
$.01 Par Value Par Common Shares NASD Bulletin
Board - WSFI
________________________________________________________________
_____________
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___
Indicate by check mark if there is no disclosure of delinquent
filers in
response to Item 405 of Regulation S-B contained in this form,
and no disclosure
will be contained, to the best of Registrant's knowledge, in
definitive proxy
or information statements incorporated by reference in Part III
of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]
State the aggregate market value of the voting stock held by
non-affiliates as
of December 31, 1995. The aggregate market value was computed
by using the
closing price on the NASD Bulletin Board on December 31, 1995
of $.25 per share.
Common Shares, Par Value $0.01 Per Share
$3,361,689.75
Indicate the number of shares outstanding of each of the
Registrant s classes
of common stock, as of the latest practicable date.
Class Outstanding as of May
15, 1996
Common Shares $0.01 Par Value 13,446,759
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
WALL STREET FINANCIAL CORPORATION
By /s/ Gerhart W. Walch Dated:
August 21, 1996
Gerhart W. Walch
Chairman, President and
Chief Executive Officer
In accordance with the Exchange Act, this report has been
signed below by the
following persons on behalf of the Registrant and in the
capacities and on the
dates indicated.
Signature Title
Date
/s/ Gerhart W. Walch President/CEO
August 21, 1996
Gerhart W. Walch and Director
(Principal Executive Officer)
/s/ Gail Kitaji, Ph.D. Treasurer
August 21, 1996
Gail Kitaji, Ph.D. and Chief Financial Officer
(Principal Financial Officer)
/s/ Antoine Y. Gedeon Sr. Vice President
August 21, 1996
Antoine Y. Gedeon and Director
/s/ Deni Leonard Director
August 21, 1996
Deni Leonard Chairman
Compensation Committee
/s/ Michael Singh Subsidiary President
August 21, 1996
Michael Singh and Director
/s/ Gordon E. Rapozo Director
August 21, 1996
Gordon E. Rapozo Chairman Audit Committee
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<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 2,781
<SECURITIES> 125,000
<RECEIVABLES> 3,262,223
<ALLOWANCES> 3,232,769
<INVENTORY> 0
<CURRENT-ASSETS> 127,781
<PP&E> 18,871
<DEPRECIATION> 4,245
<TOTAL-ASSETS> 135,157,362
<CURRENT-LIABILITIES> 1,401,573
<BONDS> 0
<COMMON> 152,737
0
0
<OTHER-SE> 13,235,926
<TOTAL-LIABILITY-AND-EQUITY> 135,157,362
<SALES> 380,539
<TOTAL-REVENUES> 380,539
<CGS> 201,376
<TOTAL-COSTS> 552,847
<OTHER-EXPENSES> 2,266
<LOSS-PROVISION> 126,185
<INTEREST-EXPENSE> (60,443)
<INCOME-PRETAX> (240,316)
<INCOME-TAX> 0
<INCOME-CONTINUING> (240,316)
<DISCONTINUED> 0
<EXTRAORDINARY> 688,948
<CHANGES> 0
<NET-INCOME> 448,632
<EPS-PRIMARY> .03
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