<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
___________________________________
FORM 10-Q/A
[ 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.
[ ] 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.)
5459 South Iris Street
Littleton, Colorado 80123
(Address of principal executive offices including zip code.)
(303) 904-8884
(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 August 14, 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
<TABLE>
<CAPTION>
June September
30, 1996 30, 1995
________ ________
(Unaudited)
<S> <C> <C>
Organization Costs $ 1,700 $ 600
LIABILITIES AND STOCKHOLDERS EQUITY
Liabilities
Loan payable to officer 1,100 -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 $ 1,700 $ 600
====== =====
</TABLE>
See accompanying notes to the financial statements.
<PAGE> 4
LAHAINA ACQUISITIONS, INC.
STATEMENT OF OPERATIONS
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
June 30 June 30
1996 1995 1996 1995
------------------ ----------------
<S> <C> <C> <C> <C>
Revenues: -0- -0- $ -0- -0-
Expenses: -0- -0- $ -0- -0-
Net Income
(loss): -0- -0- $ -0- -0-
=== === ==== ===
See accompanying notes to the financial statements.
<PAGE> 5
LAHAINA ACQUISITIONS, INC.
STATEMENT OF CASH FLOWS
(Unaudited)
</TABLE>
<TABLE>
<CAPTION>
Nine Months Ended June 30
1996 1995
<S> <C> <C>
Cash flows from operations:
Net income (loss) $ -0- -0-
------ ---
Net cash (Used) from
operating activities: $ -0- -0-
====== ===
Cash flows from investing
activities: 1,100 -0-
------ ---
Net cash (Used) by
investing activities: 1,100 -0-
====== ===
Cash Flows from financing
activities:
Loan - officer $(1,100) -0-
Net cash (Used) by financing
activities: $(1,100) -0-
====== ===
Beginning cash balance -0- -0-
Ending cash balance -0- -0-
</TABLE>
See accompanying notes to the financial statements.
<PAGE> 6
LAHAINA ACQUISITIONS, INC.
NOTES TO FINANCIAL STATEMENTS
June 30, 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. and abandoned the registration
statement on Form S-18 filed with the Securities and Exchange
Commission in 1989.
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.
<PAGE> 7
ITEM. 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF
OPERATIONS AND FINANCIAL CONDITIONS
Results of Operations - (May 1, 1991) through June 30, 1996.
The Company is considered to be in the development stage as
defined in Statement of Financial Accounting Standards No. 7.
There have been no operations since incorporation.
Liquidity and Capital Resources.
The Company issued 996,500 shares of its Common Stock to
officers, directors and others. The Company has no operating
history and no material assets. The Company has $-0- in cash as
of June 30, 1996.
<PAGE> 8
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 14th day of August, 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
<PAGE> 8
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 June 30, 1996 (Unaudited) and the
Statement of Income for the nine months ended June 30, 1996 (Unaudited) and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> JUN-30-1996
<CASH> 0
<SECURITIES> 996,500
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,700
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 1,700
<CURRENT-LIABILITIES> 1,100
<BONDS> 0
0
0
<COMMON> 996,500
<OTHER-SE> 600
<TOTAL-LIABILITY-AND-EQUITY> 1,700
<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>
