<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB/A
(Mark one)
[X] AMENDMENT TO QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
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[_] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
For the transition period from ____________ to _____________
Commission file number 0-023532
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AMERICAN DIVERSIFIED GROUP, INC.
(Exact name of small business issuer as specified in its charter)
Nevada 86-0349523
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(State or other jurisdiction of (IRS Employer identification No.)
incorporation or organization)
501 South Dixie Highway, West Palm Beach, FL 33401
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(Address of principal executive offices)
(407) 832-5208
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(Issuer's telephone number)
Not Applicable
--------------
(Former name, former address and former fiscal year, if changed
since last report)
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 report (s), 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:
Common Stock, $.001 par value 54,962,560 shares outstanding as of June 30,
1996.
Transitional Small Business Disclosure Format: Yes No X
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INDEX
AMERICAN DIVERSIFIED GROUP, INC.
PART I FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
Financial Data Schedule (Attached as Exhibit 27)
2
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PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
Exhibit 27
3
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SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
AMERICAN DIVERSIFIED GROUP, INC.
(Registrant)
December 23, 1996 By: /s/Jerrold R Hinton
- ----------------- -------------------
Jerrold R. Hinton
President, Chief Executive Officer
4
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET (UNAUDITED) AS OF 6/30/96 AND THE STATEMENT OF OPERATIONS (UNAUDITED) FOR
THE THREE MONTHS ENDED 6/30/96
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 11,436
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 5,000
<CURRENT-ASSETS> 1,800,269
<PP&E> 24,616
<DEPRECIATION> 4,514
<TOTAL-ASSETS> 1,865,821
<CURRENT-LIABILITIES> 108,781
<BONDS> 0
0
0
<COMMON> 54,962
<OTHER-SE> 1,702,078
<TOTAL-LIABILITY-AND-EQUITY> 1,865,821
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> (659,778)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (659,778)
<INCOME-TAX> 0
<INCOME-CONTINUING> (659,778)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (659,778)
<EPS-PRIMARY> (.012)
<EPS-DILUTED> (.012)
</TABLE>
