SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-QSB/A
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
( ) 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 0-24608
FOTOBALL USA, INC.
(Exact name of registrant as specified in its charter)
Delaware 33 - 0614889
(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
3738 Ruffin Road, San Diego, California 92123
(Address of principal executive offices) (Zip Code)
(619) 467-9900
Registrant's telephone number, including area code
Indicate by check 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 ( )
As of May 1, 1996, the Company had 2,661,742 shares of its common
stock, $.01 par value, issued and outstanding.
Transitional Small Business Disclosure Format Yes ( ) No (X)
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Item 6. Exhibits and Reports on Form 8-K
--------------------------------
(a) Exhibits:
Exhibit 27- Financial Data Schedule
(b) Reports on Form 8-K for the three months ended
March 31, 1996- None
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
FOTOBALL USA, INC.
_____________________________________
(Registrant)
Dated: June 26, 1996 BY: /s/ David G. Forster
__________________________________
David G. Forster
Vice President-Finance, Treasurer
and Chief Financial Officer
(Principal Accounting Officer
and Duly Authorized Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMA-
TION EXTRACTED FROM THE FINANCIAL STATEMENTS
CONTAINED IN THE FOTOBALL USA, INC. FORM 10-QSB
FOR THE PERIOD ENDED MARCH 31, 1996, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 3,885,279
<SECURITIES> 0
<RECEIVABLES> 540,867
<ALLOWANCES> 0
<INVENTORY> 1,723,942
<CURRENT-ASSETS> 7,569,691
<PP&E> 1,366,814
<DEPRECIATION> 519,825
<TOTAL-ASSETS> 9,040,703
<CURRENT-LIABILITIES> 2,116,473
<BONDS> 0
0
0
<COMMON> 26,617
<OTHER-SE> 6,762,236
<TOTAL-LIABILITY-AND-EQUITY> 9,040,703
<SALES> 2,401,656
<TOTAL-REVENUES> 2,401,656
<CGS> 1,404,863
<TOTAL-COSTS> 989,644
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,597
<INCOME-PRETAX> 41,639
<INCOME-TAX> 16,700
<INCOME-CONTINUING> 24,939
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 24,939
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
</TABLE>