INTERACTIVE TECHNOLOGIES CORP INC
10QSB/A, 1997-01-13
ALLIED TO MOTION PICTURE PRODUCTION
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               SECURITIES AND EXCHANGE COMMISSION Washington, D.C.

                                 FORM 10-QSB/A

                                AMENDMENT NO. 1

                       Pursuant to Section 13 or 15(d) of
                           the Securities Act of 1934

   For the Quarter Ended                                    Commission File
   November  30, 1996                                        Number 0-19796


                   INTERACTIVE TECHNOLOGIES CORPORATION, INC.
               (Exact name of registrant as specified in charter)


   Wyoming                                                      98-0120805

   (State or other                                            (IRS Employer
   jurisdiction of                                          Identification No.)
   incorporation)


                         104 South Harbor City Boulevard
                                     Suite A
                            Melbourne, Florida 32901
                    (address of Principal Executive Offices)

                                  407-953-4811
               (Registrant's telephone number including area code)


Check mark  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the exchange  Act 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 Registrant has 12,159,863  shares of common stock, par value $0.01 per share
issued and outstanding as of November 30, 1996.

Traditional Small Business Disclosure Format.


                          Yes _____X_____ No __________

<PAGE>
                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  Act of 1933,  the  registrant
certifies  that it has  reasonable  grounds to believe  that it meets all of the
requirements  for filing and has duly caused this  registration  statement to be
signed on its behalf by the undersigned,  thereunto duly authorized, in the City
of Melbourne, State of Florida, on January _______ , 1997.


 

                              Interactive Technologies Corporation, Inc.


                              by: /s/ Perry Douglas West 
                                  ---------------------------
                                  Perry Douglas West, Chief Executive Officer


   
 

 
<PAGE>


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<S>                                <C>                 <C>
<PERIOD-TYPE>                      6-MOS               6-MOS
<FISCAL-YEAR-END>                  MAY-31-1997         MAY-31-1996
<PERIOD-START>                     JUN-01-1996         JUN-01-1995                  
<PERIOD-END>                       NOV-30-1996         NOV-30-1995    
<CASH>                                  14,941                   0   
<SECURITIES>                                 0                   0
<RECEIVABLES>                          193,698                   0
<ALLOWANCES>                                 0                   0
<INVENTORY>                                  0                   0
<CURRENT-ASSETS>                       272,342                   0
<PP&E>                               1,292,264                   0
<DEPRECIATION>                         130,164                   0
<TOTAL-ASSETS>                       6,803,173                   0
<CURRENT-LIABILITIES>                  978,258                   0
<BONDS>                              2,510,969                   0
                        0                   0
                                  0                   0
<COMMON>                               121,599                   0
<OTHER-SE>                           3,530,673                   0
<TOTAL-LIABILITY-AND-EQUITY>         6,803,173                   0
<SALES>                                      0                   0
<TOTAL-REVENUES>                       241,508                   0
<CGS>                                        0                   0
<TOTAL-COSTS>                        2,261,694             136,955 
<OTHER-EXPENSES>                             0                   0
<LOSS-PROVISION>                             0                   0
<INTEREST-EXPENSE>                      89,971              33,995
<INCOME-PRETAX>                     (1,708,557)            564,910 
<INCOME-TAX>                                 0                   0
<INCOME-CONTINUING>                 (1,708,557)            564,910  
<DISCONTINUED>                               0                   0
<EXTRAORDINARY>                              0                   0
<CHANGES>                                    0                   0
<NET-INCOME>                        (1,708,577)            564,910  
<EPS-PRIMARY>                             (.14)                .07
<EPS-DILUTED>                             (.14)                .07   
        


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