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 September 30, 1997 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 September 30, 1997, there were 35,222,618 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 September 30,
1997.
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 NINE MONTHS ENDED SEPTEMBER 30, 1997, 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 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 INCORPORATES 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> 9-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<CASH> 107,085
<SECURITIES> 0
<RECEIVABLES> 173,385
<ALLOWANCES> 0
<INVENTORY> 639,590
<CURRENT-ASSETS> 922,955
<PP&E> 4,207,342
<DEPRECIATION> 909,924
<TOTAL-ASSETS> 4,447,308
<CURRENT-LIABILITIES> 1,114,849
<BONDS> 48,427
0
0
<COMMON> 426
<OTHER-SE> 3,248,606
<TOTAL-LIABILITY-AND-EQUITY> 4,447,308
<SALES> 2,266,113
<TOTAL-REVENUES> 2,266,113
<CGS> 1,171,936
<TOTAL-COSTS> 1,171,936
<OTHER-EXPENSES> 566,519
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 55,347
<INCOME-PRETAX> 472,311
<INCOME-TAX> 0
<INCOME-CONTINUING> 472,311
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 472,311
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
