SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB\A
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 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 O-25030
PLAY CO. TOYS & ENTERTAINMENT CORP.
(Exact name of registrant as specified in its charter)
Delaware 95-3024222
(State or other jurisdiction of (I.R.S. Employer Identification
Incorporation or organization) No.)
550 Rancheros Drive
San Marcos, California 92069
(Address of principal executive offices) (Zip Code)
(619) 471-4505
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange on which registered
NONE
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value
(Title of Class)
Common Stock Purchase Warrants
(Title of Class)
Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that registrant was required to file such
reports), and (2) has Been subject to such filing requirements for the past 90
days. Yes [X] No [ ]
Check if no disclosure of delinquent filers in response Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB [ ].
The Registrant's revenues for its fiscal year ended March 31, 1996 were
$21,230,853.
The aggregate market value of the voting stock on July 12, 1996 (consisting
of Common Stock, par value $.01 per share) held by non-affiliates was
approximately $2,469,551.80, based upon the average bid and asked prices for
such Common Stock on said date ($2.19), as reported by a market maker. On such
date, there were 3,863,530 shares of Registrant's Common Stock outstanding. <PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, this 3rd day of September,
1996.
PLAY CO. TOYS & ENTERTAINMENT CORP.
By: \s\ Richard Brady
Richard Brady, Chief Executive
Officer and President
In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the Registrant and in the
capacities and on the dates indicated.
\s\ Ilan Arbel Chairman of 09/03/96
Ilan Arbel Board of Directors Date
\s\ Richard Brady Chief Executive Officer 09/03/96
Richard Brady and President Date
\s\ Sheikhar Boodram Director 09/03/96
Sheikhar Boodram Date
\s\ Angela Burnett Chief Financial Officer 09/03/96
Angela Burnett and Secretary Date
\s\ Alan Berkun Director 09/03/96
Alan Berkun Date
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 83,650
<SECURITIES> 0
<RECEIVABLES> 35,273
<ALLOWANCES> 0
<INVENTORY> 6,259,084
<CURRENT-ASSETS> 6,611,408
<PP&E> 4,316,351
<DEPRECIATION> 2,457,813
<TOTAL-ASSETS> 9,104,353
<CURRENT-LIABILITIES> 6,564,819
<BONDS> 0
0
1,399,044
<COMMON> 38,635
<OTHER-SE> 288,168
<TOTAL-LIABILITY-AND-EQUITY> 9,104,353
<SALES> 21,230,853
<TOTAL-REVENUES> 21,230,853
<CGS> 15,132,895
<TOTAL-COSTS> 24,805,568
<OTHER-EXPENSES> 9,672,673
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 535,158
<INCOME-PRETAX> (3,542,715)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,542,715)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,542,715)
<EPS-PRIMARY> (.92)
<EPS-DILUTED> (.92)
</TABLE>
