MIAMI SUBS CORP
10-Q/A, 1996-10-16
EATING PLACES
Previous: MIAMI SUBS CORP, 10-K/A, 1996-10-16
Next: TCSI CORP, 8-K, 1996-10-16





                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  FORM 10-Q/A
                                Amendment No. 1
(Contains  Exhibit 27 - Article 5 of Regulation S-X Financial Data Schedule of
Registrant's  Quarterly  Report)

          (Mark  One)
          [  X  ]          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
               OF THE SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended AUGUST 31, 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 0-19623

                             MIAMI SUBS CORPORATION
             (Exact name of registrant as specified in its charter)

        Florida                                               65-0249329
 (State  or  other  jurisdiction  of                   (I.R.S. Employer
  incorporation  or  organization)                      Identification  No.)

             6300 N.W. 31st Avenue, Fort Lauderdale, Florida  33309
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (954) 973-0000
              (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 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 the number of shares outstanding of each of the issuer's classes
of  common  stock,  as  of  the  latest  practicable  date.

                                 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.


                                              MIAMI SUBS CORPORATION

Date:  October  16,  1996                     By:/s/ Jerry W. Woda
                                                 Senior Vice President,
                                                  Chief Financial Officer,  and
                                                  Pricipal Accounting Officer





<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAY-31-1997
<PERIOD-START>                             JUN-01-1996
<PERIOD-END>                               AUG-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                       2,002,000
<SECURITIES>                                         0
<RECEIVABLES>                                2,968,000
<ALLOWANCES>                                 (390,000)
<INVENTORY>                                    329,000
<CURRENT-ASSETS>                             5,204,000
<PP&E>                                      21,451,000
<DEPRECIATION>                             (4,560,000)
<TOTAL-ASSETS>                              35,275,000
<CURRENT-LIABILITIES>                        7,012,000
<BONDS>                                              0
                                0
                                      5,000
<COMMON>                                       278,000
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                35,275,000
<SALES>                                      9,053,000
<TOTAL-REVENUES>                            10,535,000
<CGS>                                        8,243,000
<TOTAL-COSTS>                               10,468,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             243,000
<INCOME-PRETAX>                                 67,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    67,000
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission