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FORM 10-QSB/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Quarterly Report Under to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For Quarter Ended: March 31, 1996
Commission File Number: 1-11020
Micel Corp.
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(Exact name of Small Business Issuer as specified in its charter)
NEW YORK 11-2882297
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(State of other jurisdiction of (I.R.S. Employer
incorporation of organization) Identification No.)
170 53rd street, Brooklyn New York 11232
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(Address of Principal executive offices) (Zip Code)
(718) 492-8400
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(Registrant's telephone number, including area code)
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(Former name, former address, and former fiscal
year, if changed since last report)
Indicate be 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 such shorter period that the registrant was required
to file such reports) and (2) has been subject to such filing requirements for
past 90 days.
YES X NO
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Indicate the number of shares outstanding of each of the issuer's classes of
Common Stock, as of the latest practicable date.
Common Stock, Par Value $.001 51,211,300
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(Title of each Class) (Outstanding at March 31, 1996)
This form 10-QSB/A amends Part II, Items 6(a) of the Registrant's Quarterly
Report on Form 10-QSB for the Fiscal Quarter ended March 31, 1996 to include
Exhibit 27, the Financial Data Schedule required by Item 501(c) of Regulation
S-K and Rule 401 of Regulation S-T.
<PAGE>
MICEL CORP. AND SUBSIDIARY
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on behalf by the undersigned
hereunto duly authorized.
MICEL CORP.
Registrant
Date: May 15th, 1996 By: /s Joseph Moscovitz
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Joseph Moscovitz
President and
Chief Executive and Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-1-1995
<PERIOD-END> MAR-31-1996
<CASH> 158,634
<SECURITIES> 0
<RECEIVABLES> 689,418
<ALLOWANCES> 20,000
<INVENTORY> 612,812
<CURRENT-ASSETS> 1,440,864
<PP&E> 2,513,583
<DEPRECIATION> 2,328,418
<TOTAL-ASSETS> 1,626,029
<CURRENT-LIABILITIES> 1,558,668
<BONDS> 0
0
0
<COMMON> 51,211
<OTHER-SE> (83,731)
<TOTAL-LIABILITY-AND-EQUITY> 1,626,029
<SALES> 1,373,954
<TOTAL-REVENUES> 1,373,954
<CGS> 980,434
<TOTAL-COSTS> 980,434
<OTHER-EXPENSES> 382,016
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 45,328
<INCOME-PRETAX> (33,824)
<INCOME-TAX> 0
<INCOME-CONTINUING> (33,824)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (33,824)
<EPS-PRIMARY> .00
<EPS-DILUTED> .00
</TABLE>
