<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 10-QSB/A-1
(Mark One)
[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the Quarter Ended December 31, 1997 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 0-22432
DIPLOMAT CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 13-3727399
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
25 Kay Fries Drive, Stony Point, New York 10980
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 786-5552
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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 [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: January 31, 1998, 10,629,433 Common
Shares outstanding.
Transitional Small Business Disclosure (check One):
Yes [ ] No [X]
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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
This amendment to registrant's Form 10-QSB is being filed
solely to add the Financial Data Schedule - Exhibit 27. No other changes were
made.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
DIPLOMAT CORPORATION
February 25, 1998 By:/s/ Jonathan Rosenberg
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Jonathan Rosenberg
Chief Executive Officer
February 25, 1998 By:/s/ Irwin Oringer
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Irwin Oringer
Principal Accounting Officer and
Controller
2
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENTS OF OPERATIONS INCLUDED IN
THE REGISTRANT'S FORM 10-QSB FOR THE QUARTER ENDED DECEMBER 31, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 753,544
<SECURITIES> 0
<RECEIVABLES> 3,542,895
<ALLOWANCES> 172,001
<INVENTORY> 14,571,601
<CURRENT-ASSETS> 25,434,445
<PP&E> 8,416,391
<DEPRECIATION> 4,647,267
<TOTAL-ASSETS> 48,554,188
<CURRENT-LIABILITIES> 30,415,309
<BONDS> 0
0
16,363,068
<COMMON> 801
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 48,554,188
<SALES> 22,341,034
<TOTAL-REVENUES> 22,341,034
<CGS> 10,070,993
<TOTAL-COSTS> 10,070,993
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 302,195
<INCOME-PRETAX> 223,654
<INCOME-TAX> 0
<INCOME-CONTINUING> 223,654
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 223,654
<EPS-PRIMARY> .02
<EPS-DILUTED> .01
</TABLE>
