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 number 0-26166
ATLAS ENVIRONMENTAL, INC.
(Exact name of registrant as specified in its charter)
Colorado 84-1140790
(State or other jurisdiction (I.R.S. employee Identification No.)
of incorporation or organization)
150 South Pine Island Road, Plantation, Florida 33324
(Address of principal executive offices) (Zip Code)
(954) 370-9011
(Registrant's telephone number, including area code)
N.A.
(Former name, former address and former 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 Exchange Act during the past 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 equity, as of the latest practicable date:
Title of Class Date Number of Shares Outstanding
---------------- ---- ----------------------------
Common Stock, $.001 par value November 12, 1996 4,591,063
<PAGE>
ATLAS ENVIRONMENTAL, INC.
FORM 10-QSB/A
SEPTEMBER 30, 1996
EXHIBIT INDEX
-------------
ITEM 6
- -------
EX. 27 - FINANCIAL DATA SCHEDULE
<PAGE>
PART II - OTHER INFORMATION
Item 6 - Exhibits and Reports on Form 8-K
(a) Exhibits filed: None
(b) Reports on Form 8-K:
(i) The current report on Form 8-K dated August 9, 1996 was filed
reporting item
(5), the execution of a Letter of Intent.
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 thereunto duly authorized.
ATLAS ENVIRONMENTAL, INC.
(Registrant)
By: /s/ Philip Kabot ___________________
---------------------------------------
Philip Kabot, Chief Financial Officer
and Principal Accounting Officer
Date: March 18, 1997
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 220,177
<SECURITIES> 0
<RECEIVABLES> 3,034,971
<ALLOWANCES> 221,696
<INVENTORY> 68,581
<CURRENT-ASSETS> 3,382,749
<PP&E> 47,138,303
<DEPRECIATION> 6,983,018
<TOTAL-ASSETS> 48,912,070
<CURRENT-LIABILITIES> 12,857,619
<BONDS> 0
0
7,616,000
<COMMON> 4,592
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 48,912,070
<SALES> 16,887,579
<TOTAL-REVENUES> 16,887,579
<CGS> 13,379,434
<TOTAL-COSTS> 18,985,040
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,816,105
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (4,969,566)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (4,969,566)
<EPS-PRIMARY> (1.10)
<EPS-DILUTED> (1.10)
</TABLE>
