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 September 30,
1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF
THE EXCHANGE ACT
For the transition period from ___________ to
___________.
Commission File No. 0-17117
WALL STREET FINANCIAL CORPORATION
(Exact name of Small Business Issuer as specified in
its Charter)
Incorporated under the laws of
the State of Delaware
99-0240826
(State or other jurisdiction (IRS Employer
Identification
No.)
of incorporation or organization)
1088 Bishop Street, Suite 1104
Honolulu, HI 96813
(Address of principal executive offices)
(808) 526-3999
Issuer's telephone number
Not applicable
(Former name, address and 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 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
State the number of shares outstanding of each of the issuer's
classes of
common
stock, as of the latest practicable date:
Class of Common Stock Outstanding at
September 30, 1996
$.01 par value
15,273,759
Transitional Small Business Disclosure Format (Check one) Yes
No X
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the
Registrant Certified that it has reasonable grounds to believe
that it meets
all requirements for filing on Form 10-QSB, and has duly caused
this
Disclosure Statement to be signed on its behalf by the
undersigned.
Dated: February 6, 1997
WALL STREET FINANCIAL
CORPORATION
/s/ Gerhart W. Walch
Principal Executive Officer
-13-
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 3,247,268
<ALLOWANCES> (3,232,769.)
<INVENTORY>
<CURRENT-ASSETS> 14,499
<PP&E> 33,775
<DEPRECIATION> (9,104.)
<TOTAL-ASSETS> 135,282,275
<CURRENT-LIABILITIES> 1,444,325
<BONDS>
<COMMON> 152,737
<OTHER-SE>
<TOTAL-LIABILITY-AND-EQUITY> 135,282,275
<SALES> 40,681
<TOTAL-REVENUES> 40,681
<CGS> 24,369
<TOTAL-COSTS> 665,526
<OTHER-EXPENSES>
<LOSS-PROVISION>
<INTEREST-EXPENSE> (54,057.)
<INCOME-PRETAX> (250,998.)
<INCOME-TAX>
<INCOME-CONTINUING>
<DISCONTINUED>
<EXTRAORDINARY> 688,948
<CHANGES>
<NET-INCOME> 437,950
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
