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<PAGE>
U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-QSB/A
(Mark One)
[ x ] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to _______________
Commission file number 0-23338
THE CASTLE GROUP, INC.
(Exact name of small business issuer as specified in its charter)
UTAH 99-0307845
(State of other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
745 Fort Street, Tenth Floor
Honolulu, Hawaii 96813
Issuer's telephone number: (808) 524-0900
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 [ x ] No [ ]
Number of shares outstanding of each of the Registrant's classes of
stock, as of April 30, 1996: Common stock, $.02 par value - 5,089,030
Transitional Small Business Disclosure Format (check one):
Yes [ x ] No [ ]
Page 1 of 19 sequentially numbered pages.
<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.
THE CASTLE GROUP, INC.
(Registrant)
July 23, 1996 Rick Wall
(Signature)
Chairman of the Board and
Chief Executive Officer
July 23, 1996 Michael S. Nitta
Chief Financial Officer and
Vice President Finance
17
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C> <C>
<PERIOD-TYPE> 9-MOS 9-MOS
<FISCAL-YEAR-END> JUL-31-1996 JUL-31-1995
<PERIOD-END> APR-30-1996 APR-30-1995
<CASH> 92,544 71,936
<SECURITIES> 0 0
<RECEIVABLES> 1,040,217 1,216,361
<ALLOWANCES> 14,839 14,839
<INVENTORY> 0 0
<CURRENT-ASSETS> 1,423,641 1,524,766
<PP&E> 97,232 100,358
<DEPRECIATION> 101,380 69,782
<TOTAL-ASSETS> 1,927,915 2,427,868
<CURRENT-LIABILITIES> 1,919,171 1,817,259
<BONDS> 0 0
0 0
0 0
<COMMON> 101,781 101,331
<OTHER-SE> ( 317,319 ) 299,097
<TOTAL-LIABILITY-AND-EQUITY> 1,927,915 2,427,868
<SALES> 0 0
<TOTAL-REVENUES> 2,811,895 2,062,375
<CGS> 0 0
<TOTAL-COSTS> 3,084,376 2,745,574
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 55,403 37,605
<INCOME-PRETAX> ( 327,884 ) ( 720,804 )
<INCOME-TAX> 0 0
<INCOME-CONTINUING> ( 327,884 ) ( 720,804 )
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> ( 327,884 ) ( 720,804 )
<EPS-PRIMARY> ( .064 ) ( .142 )
<EPS-DILUTED> ( .064 ) ( .142 )
<FN>
UNAUDITED
19
<PAGE>
</TABLE>
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