UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
[xx] QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 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: 0-24742
American Toys, Inc.
(Exact name of registrant as specified in its charter)
Delaware 13-3704059
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2694 Bishop Drive, San Ramon, California 94583
(Address of principal executive offices) (Zip Code)
(510) 830-8801
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer (1) has 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 [xx] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS
<PAGE>
Check whether the registrant filed all documents and reports required
to be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.
Yes [ ] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS
Common stock, par value $.01 per share: 5,000,000 shares outstanding
as of July 31, 1996.
<PAGE>
PART II - OTHER INFORMATION
ITEM 1 - Legal Proceedings:
None
ITEM 2 - Changes in Securities:
Pursuant to a special meeting of the shareholders on May 31, 1996, the
Company effected as of April 17, 1996, a 1 for 4 reverse stock split.
ITEM 3 - Defaults Upon Senior Securities:
None
ITEM 4 - Submission of Matters to a Vote of Security Holders:
None
ITEM 5 - Other Information:
None
ITEM 6 - Exhibits and Reports on Form 8-K:
The Company filed a Report on Form 8-K on July 24, 1996 which is
attached hereto as an exhibit.
<PAGE>
FORM 10-QSB
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.
American Toys, Inc.
(Registrant)
August 16, 1996 /s/ Dr. Oliver Hilsenrath
Date Dr. Oliver Hilsenrath
Chief Executive Officer, President and Director
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Balance
Sheet, Statement of Operations, Statements of Cash Flows and Notes thereto
incorporated in Part I, Item I of this Form 10-QSB and is qualified inits
entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-mos
<FISCAL-YEAR-END> mar-31-1996
<PERIOD-END> jun-30-1996
<CASH> 232,638
<SECURITIES> 2,199,298
<RECEIVABLES> 107,403
<ALLOWANCES> 0
<INVENTORY> 7,518,770
<CURRENT-ASSETS> 463,442
<PP&E> 1,849,864
<DEPRECIATION> 0
<TOTAL-ASSETS> 12,871,415
<CURRENT-LIABILITIES> 8,642,679
<BONDS> 0
0
0
<COMMON> 68,820
<OTHER-SE> 2,881,144
<TOTAL-LIABILITY-AND-EQUITY> 12,371,415
<SALES> 3,184,903
<TOTAL-REVENUES> 3,184,903
<CGS> 2,151,718
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 1,579,391
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 179,174
<INCOME-PRETAX> (725,380)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (725,380)
<EPS-PRIMARY> (.38)
<EPS-DILUTED> 0
</TABLE>
