U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Amendment No. 1)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
From the transition period from __________ to __________
Commission File Number 0-19899
U.S. HOME & GARDEN INC.
(Exact name of registrant as
specified in its charter)
Delaware 77-0262908
(State or other jurisdiction IRS Employer
of incorporation or organization) (Identification Number)
655 Montgomery Street, Suite 830
San Francisco, California 94111
(Address of Principal Executive Offices)
(415) 616-8111
(Registrant's Telephone Number, Including Area Code)
Indicate by check 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 equity, as of the latest practicable date.
As of November 12, 1996, there were 13,917,266 shares of the issuer's common
stock, par value $.001 per share, outstanding.
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
a. Exhibits
10.1 Purchase Agreement, dated as of August 9, 1996, by and among the
Company, Easy Gardener Acquisition Corp., Weatherly Consumer Products Group,
Inc. and the stockholders of Weatherly Consumer Products Group, Inc.
(incorporated by reference to Exhibit 10.1 filed with the Company's Form 8-K for
the event dated August 9, 1996).
27 Financial Data Schedule as amended.
b. During the quarter ended September 30, 1996 the Company filed a current
report on Form 8- K, (under Item 2 of Form 8-K) for the event dated August 9,
1996, to report the purchase of Weatherly Consumer Products Group, Inc.
<PAGE>
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.
U.S. HOME & GARDEN INC.
(Registrant)
Date: November 15, 1996 By: /s/ Robert Kassel
---------------------------
Robert Kassel, President,
Chief Executive Officer and
Treasurer (Duly Authorized
Officer and Principal
Financial and Accounting
Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS AMENDED FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM FORM 10-Q AT SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> SEP-30-1996
<CASH> 744,071
<SECURITIES> 0
<RECEIVABLES> 4,857,059
<ALLOWANCES> 240,000
<INVENTORY> 6,642,905
<CURRENT-ASSETS> 14,957,087
<PP&E> 2,060,791
<DEPRECIATION> 0
<TOTAL-ASSETS> 61,469,385
<CURRENT-LIABILITIES> 13,854,692
<BONDS> 0
0
0
<COMMON> 13,915
<OTHER-SE> 26,432,778
<TOTAL-LIABILITY-AND-EQUITY> 61,469,385
<SALES> 5,522,793
<TOTAL-REVENUES> 5,522,793
<CGS> 2,607,167
<TOTAL-COSTS> 2,607,167
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 562,768
<INCOME-PRETAX> (885,226)
<INCOME-TAX> (280,000)
<INCOME-CONTINUING> (605,226)
<DISCONTINUED> 0
<EXTRAORDINARY> (1,006,894)
<CHANGES> 0
<NET-INCOME> (1,612,120)
<EPS-PRIMARY> (.12)
<EPS-DILUTED> (.12)
</TABLE>
