SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A2
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ______________ to _____________
Commission file number 1-10569
AUTOLEND GROUP, INC.
(Exact name of registrant as specified in the charter)
DELAWARE 22-3137244
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
930 WASHINGTON AVENUE
MIAMI BEACH, FLORIDA 33139
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code)
(305) 673-2700
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 number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practical date:
Common Stock, $.002 par value 4,634,530 shares
Class Outstanding at August 15, 1996
<PAGE>
PART II OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) EXHIBIT TABLE.
Exhibit No. Description
3.4 Certificate of Incorporation of AutoLend Group, Inc.
3.5 By-laws of AutoLend Group, Inc.
4.1 Form of 9.5% Convertible Subordinated Debenture
4.2 Warrant Agreement
4.3 Unit Purchase Option
4.4 Stock Purchase Warrant granted to Banque
Degroof Luxembourg, S.A.
4.5 Stock Purchase Warrant granted to Till A. Petrocchi
4.6 Stock Purchase Warrant granted to Steve Simon
and Helen Porter
27 Financial Data Schedule
(b) Reports on Form 8-K
No reports on Form 8-K were filed during the three months ended June
30, 1996.
- 2 -
<PAGE>
SIGNATURES
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 thereto duly authorized.
AUTOLEND GROUP, INC.
(Registrant)
SIGNATURE TITLE DATE
/s/ Steve Simon Chairman of the Board, September 12, 1996
- ----------------------- Chief Executive Officer
Steve Simon
/s/ Helen Porter Chief Accounting Officer September 12, 1996
- -----------------------
Helen Porter
- 3 -
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
(a) Exhibits
3.4 Certificate of Incorporation of AutoLend Group, Inc.(1)
3.5 By-laws of AutoLend Group, Inc. (1)
4.1 Form of 9.5% Convertible Subordinated Debenture (2)
4.2 Warrant Agreement (3)
4.3 Unit Purchase Option (3)
4.4 Stock Purchase Warrant granted to Banque Degroof Luxembourg,
S.A. (2)
4.5 Stock Purchase Warrant granted to Till A. Petrocchi (2)
4.6 Stock Purchase Warrant granted to Steve Simon and Helen
Porter (4)
27 Financial Data Schedule
(b) Reports on Form 8-K
No reports on Form 8-K were filed during the three months ended June 30, 1996.
(1) Filed on July 16, 1996 as an exhibit to the Registrant's Annual Report on
Form 10-K for the year ended March 31, 1996 and incorporated herein by
reference.
(2) Filed as an exhibit to the Registrant's Annual Report on Form 10-K for the
year ended March 31, 1991 and incorporated herein by reference.
(3) Filed as an exhibit to the Registrant's Registration Statement on Form F-1
(Registration No. 33-29251) and incorporated herein by reference.
(4) Filed as an exhibit to the Registrant's Current Report on Form 8-K, filed
with the Commission on April 21, 1993 and incorporated herein by reference.
- 4 -
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 4,561,399
<SECURITIES> 175,000
<RECEIVABLES> 11,030,284
<ALLOWANCES> 3,020,776
<INVENTORY> 0
<CURRENT-ASSETS> 12,751,442
<PP&E> 471,131
<DEPRECIATION> 147,770
<TOTAL-ASSETS> 21,297,374
<CURRENT-LIABILITIES> 3,382,447
<BONDS> 22,050,000
9,269
0
<COMMON> 0
<OTHER-SE> (4,144,342)
<TOTAL-LIABILITY-AND-EQUITY> 21,297,374
<SALES> 0
<TOTAL-REVENUES> 616,639
<CGS> 0
<TOTAL-COSTS> 1,625,995
<OTHER-EXPENSES> 568,649
<LOSS-PROVISION> 1,921,292
<INTEREST-EXPENSE> 537,228
<INCOME-PRETAX> (3,887,878)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,887,878)
<DISCONTINUED> 69,725
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,818,153)
<EPS-PRIMARY> (0.82)
<EPS-DILUTED> (0.82)
</TABLE>
