<PAGE> 1
U.S SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-KSB/A-1
X Annual Report Under Section 13 or 15(d) of the Securities Exchange
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Act of 1934
For the fiscal year ended December 31, 1995
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OR
Transition Report Pursuant to Section 13 or 15(D) of the Securities
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Exchange Act of 1934
Commission File Number 33-47567-NY
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HEADSTRONG GROUP, INC.
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(Name of Small Business Issuer in its Charter)
Delaware 22-3663311
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(State or other jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
5 Lexington Avenue, East Brunswick, N.J. 08816
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (908) 254-3433
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Securities Registered under Section 12(b) of the Exchange Act:
Name of Each Exchange
Title of Each Class on Which Registered
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None None
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Securities registered under Section 12(g) of the Exchange Act:
Common Stock, Par value $.01
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(Title of Class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(D) of the Exchange Act during the past 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
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Indicate by check mark if disclosure of delinquent filers pursuant to
Items 405 of Regulation S-B is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy of information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. / /
The aggregate market value of the voting stock held by non-affiliates
of the registrant is $10,145,102 based upon the average closing bid and ask
price for the Company's Common Stock, $.01 par value, as reported by the
National Association of Securities Dealers Automated Quotation System on March
29, 1996.
Indicte the number of shares outstanding of each of the registrants
classes of common stock, as of the latest practicable date.
Class Outstanding at March 29, 1996
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Common Stock, $.01 par value 9,968,129
DOCUMENTS INCORPORATED BY REFERENCE: NONE
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SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the
Company caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
HEADSTRONG GROUP, INC.
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(Company)
By /S/ John J. Willis, Treasurer and C.F.O.
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(Signature and Title)
Date July 29, 1996
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In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the Company and in the capacities
and on the dates indicated.
By /S/ Dale M. Friedman, Director, President and C.E.O.
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(Signature and Title)
Date July 29, 1996
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By /S/ Thomas V. Malik, Jr., Director, President and VP Production
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(Signature and Title)
Date July 29, 1996
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13
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<CASH> 45,517
<SECURITIES> 0
<RECEIVABLES> 1,417,807
<ALLOWANCES> (745,142)
<INVENTORY> 961,957
<CURRENT-ASSETS> 2,110,564
<PP&E> 1,010,315
<DEPRECIATION> (280,644)
<TOTAL-ASSETS> 3,346,214
<CURRENT-LIABILITIES> 6,174,203
<BONDS> 1,494,267
102
0
<COMMON> 692
<OTHER-SE> (3,203,783)
<TOTAL-LIABILITY-AND-EQUITY> 3,346,214
<SALES> 5,955,353
<TOTAL-REVENUES> 5,955,353
<CGS> 7,161,340
<TOTAL-COSTS> 4,868,514
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1,794,890
<INTEREST-EXPENSE> 546,269
<INCOME-PRETAX> (8,415,660)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (8,415,660)
<EPS-PRIMARY> (1.46)
<EPS-DILUTED> 0
</TABLE>
