UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 2 TO FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarter ended March 31, 1996 Commission File Number 000-18389
WORLD WIDE STONE CORPORATION
(Exact Name of Registrant as specified in its Charter)
NEVADA 33-0297934
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
5236 S. 40th Street, Phoenix, AZ 85040
(Address of Principal Executive Offices) (Zip Code)
602-438-1001
(Registrant's Telephone Number, Including Area Code)
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 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 March 31, 1996, there were 34,395,868 shares of common stock
outstanding.
<PAGE>
EXPLANATORY NOTE REGARDING AMENDMENT NO. 2:
This Amendment No. 2 is being filed solely to correct a "flawed" Restated
Financial Data Schedule previously filed as Exhibit No. 27.1 in Amendment No. 1
to Form 10-Q of World Wide Stone Corporation for the quarter ended March 31,
1996.
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS
(a) Exhibit 27.1: Amended and Restated Financial Data Schedule
(b) Reports on Form 8-K: Not Applicable
SIGNATURE
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 authorized.
Date: December 3, 1998 World Wide Stone Corporation
(Registrant)
BY: /s/ Frank Cunningham
--------------------------------
Frank Cunningham, Chairman of
the Board, and President (Principal
Executive Officer)
-2-
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF WORLD WIDE STONE CORPORATION (THE
"COMPANY") FOR THE THREE MONTHS ENDED MARCH 31, 1996, AS RESTATED. THIS SCHEDULE
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH RESTATED FINANCIAL STATEMENTS.
IN ADDITION, CERTAIN ENTRIES ON THIS SCHEDULE HAVE BEEN BEEN AMENDED FROM THE
PREVIOUS FINANCIAL DATA SCHEDULE FILED FOR THIS PERIOD. THIS EXHIBIT SHALL NOT
BE DEEMED FILED FOR THE PURPOSE OF SECTION 11 OF THE SECURITIES ACT OF 1933 AND
SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934, OR OTHERWISE SUBJECT TO THE
LIABILITY OF SUCH SECTIONS, NOR SHALL IT BE DEEMED A PART OF ANY OTHER FILING
WHICH INCORPORATED THIS REPORT BY REFERENCE, UNLESS SUCH OTHER FILING EXPRESSLY
INCORPORATES THIS EXHIBIT BY REFERENCE.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<EXCHANGE-RATE> 1
<CASH> 68,393
<SECURITIES> 0
<RECEIVABLES> 183,758
<ALLOWANCES> 0
<INVENTORY> 309,737
<CURRENT-ASSETS> 590,221
<PP&E> 3,587,197
<DEPRECIATION> (566,304)
<TOTAL-ASSETS> 3,674,565
<CURRENT-LIABILITIES> 197,281
<BONDS> 860,500
0
0
<COMMON> 386
<OTHER-SE> 2,582,398
<TOTAL-LIABILITY-AND-EQUITY> 3,674,565
<SALES> 450,509
<TOTAL-REVENUES> 450,509
<CGS> 225,618
<TOTAL-COSTS> 225,618
<OTHER-EXPENSES> 174,308
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 87
<INCOME-PRETAX> 50,496
<INCOME-TAX> 0
<INCOME-CONTINUING> 50,496
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 50,496
<EPS-PRIMARY> .00
<EPS-DILUTED> .00
</TABLE>
