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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
___________________________________
FORM 10-Q/A
Amending the Form 10-Q, filed on June 5, 1996.
[ x ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996.
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from:
_____________________________________
Commission file number 0-27480
_____________________________________
LAHAINA ACQUISITIONS, INC.
(Exact name of Registrant as specified in its charter.)
COLORADO 88-0338315
(State of other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
3600 South Pierce Street, 2-102
Lakewood, Colorado 80235
(Address of principal executive offices including zip code.)
(303) 986-6923
(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 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
The number of shares outstanding of the Registrant's Common
Stock, no par value per share, at July 1, 1996 was 996,500
shares.
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PART I
ITEM 1. FINANCIAL STATEMENTS.
LAHAINA ACQUISITIONS, INC.
INTERIM OPERATING RESULTS
(Unaudited)
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LAHAINA ACQUISITIONS, INC.
BALANCE SHEET
ASSETS
March September
31, 1996 30, 1995
________ ________
(Unaudited)
Organization Costs $ 1,050 $ 600
LIABILITIES AND STOCKHOLDERS EQUITY
Liabilities
Loan payable to officer 450 -0-
Stockholders equity:
Common stock, 800,000,000
shares authorized no par
value; 996,500 shares issued
and outstanding (Note A) 600 600
Preferred stock,
10,000,000 authorized,
no par value -0- -0-
Accumulated deficit -0- -0-
______ _____
Total $ 1,050 $ 600
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See accompanying notes to the financial statements.
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LAHAINA ACQUISITIONS, INC.
STATEMENT OF OPERATIONS
(Unaudited)
Three Months Ended Six Months Ended
March 31 March 31
1996 1995 1996 1995
------------------ ----------------
Revenues: -0- -0- -0- -0-
Expenses: -0- -0- $ -0- -0-
Net Income
(loss): -0- -0- $ -0- -0-
=== === ==== ===
See accompanying notes to the financial statements.
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LAHAINA ACQUISITIONS, INC.
STATEMENT OF CASH FLOWS
(Unaudited)
Six Months Ended March 31
1996 1995
Cash flows from operations:
Net income (loss) $ -0- -0-
----- ---
Net cash (Used) from
operating activities: $ -0- -0-
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Cash flows from investing
activities: 450 -0-
----- ---
Net cash (Used) by
investing activities: 450 -0-
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Cash Flows from financing
activities:
Loan - officer $ (450) -0-
Net cash (Used) by financing
activities: $ (450) -0-
===== ===
Beginning cash balance -0- -0-
Ending cash balance -0- -0-
See accompanying notes to the financial statements.
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LAHAINA ACQUISITIONS, INC.
NOTES TO FINANCIAL STATEMENTS
March 31, 1996
Note A - Summary of Significant Accounting Policies
ORGANIZATION
Lahaina Acquisitions, Inc. was incorporated under the laws of the
State of Colorado in April 1989. The Company is in the development
stage and has had no operations.
The Company is in the development stage as more fully defined in
Statement No. 7 of the Financial Accounting Standards Board. The
Company intends to actively seek, locate, evaluate, structure and
complete mergers with or acquisitions of private companies,
partnerships or sole proprietorships.
In September 1989, the Company filed a Registration Statement with
the United States Securities and Exchange Commission to register
100,000 Units of its securities sold to Coyote Acquisitions, Inc.
Each Unit consists of one share of Common Stock, five A Warrants
and five B Warrants. In April 1991, the Company cancelled the
100,000 Units of its securities issued to Coyote Acquisitions, Inc.
since the Securities and Exchange Commission failed to clear the
Registration Statement.
In May 1991, the Company distributed 496,500 Units of its
securities under the provisions of Regulation D, Rule 504 on a pro
rata basis to the shareholders of St. Joseph Corp. Each Unit
consists of:
1 Share of common no par stock
2 Class A common stock purchase warrants
2 Class B common stock purchase warrants
Each Class A warrant entitles the holder to purchase one share of
common stock at $1.00 per share.
Each Class B warrant entitles the holder to purchase one share of
common stock at $1.50 per share.
These common stock purchase warrants expire May 10, 1999. The
Company has the right to redeem the warrant upon 30 days written
notice at $.0001 per share.
Professional fees of $450 were incurred in December 1995 for the
audit for the years ending September 30, 1995, 1994, 1993, 1992,
1991 and 1990. This expense was paid by the President of the
Company. Additional accounting fees of $650 were incurred in May
1996 and were paid by the President of the Company.
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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.
Dated this 2nd day of July, 1996.
LAHAINA ACQUISITIONS, INC.
(the "Registrant")
BY: /s/ Philip J. Davis,
President and a member of
the Board of Directors
BY: /s/ Charles C. Van Gundy,
Treasurer, Chief
Financial Officer,
Principal Accounting
Officer and a member of
the Board of Directors
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EXHIBIT INDEX
Exhibit
No. Description
27 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Statement of Financial Condition at March 31, 1996 (Unaudited) and the Statement
of Income for the six months ended March 31, 1996 (Unaudited) and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1996
<CASH> 0
<SECURITIES> 996,500
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,050
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,050
<CURRENT-LIABILITIES> 450
<BONDS> 0
0
0
<COMMON> 996,500
<OTHER-SE> 600
<TOTAL-LIABILITY-AND-EQUITY> 1,050
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
