UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20659
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 December 31, 1996
Commission File Number 0-25030
PLAY CO. TOYS & ENTERTAINMENT CORP.
(Exact Name of Registrant as specified in its charter)
Delaware 94-3024222
(State or other jurisdiction of ( I.R.S. Employer ID No.)
incorporation or organization) .
550 Rancheros Drive, San Marcos, California 92069
(Address of principle executive offices) (Zip Code)
(619) 471-4505
(Registrant's telephone number, including area code)
<PAGE>
(Former name, former address and formal 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 [ X ] NO [ ]
Common Stock, $.01 par value: 11,700,558 shares outstanding as of December
31, 1996.
<PAGE>
PART II OTHER INFORMATION
Item 1 Legal Proceedings:
N O N E
Item 2 Changes in Securities:
N O N E
Item 3 Defaults Upon Senior Securities:
N O N E
Item 4 Submission of Matters to a Vote of Security Holders:
N O N E
Item 5 Other Information:
N O N E
Item 6. Exhibits and Reports on Form 8K.
Exhibit 27 - Financial Data Schedule
<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, this 1st day of April, 1997.
PLAY CO. TOYS & ENTERTAINMENT CORP.
BY: /S/Richard L. Brady
Richard L. Brady
President
BY: /s/ Angela Burnett
Angela R Burnett
Chief Financial Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
FINANCIAL DATA SCHEDULE
This schedule contains summary financial information extracted from Balance
Sheet, Statement of Operations, Statement of Cash Flows and Notes thereto
incorporated in Part I, Item I, of this Form 10-QSB and is qualified in its
entirety by reference such financial statements.
</LEGEND>
<CAPTION>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> mar-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 177,040
<SECURITIES> 196,297
<RECEIVABLES> 0
<ALLOWANCES> 5,630,995
<INVENTORY> 0
<CURRENT-ASSETS> 6,004,332
<PP&E> 4,764,302
<DEPRECIATION> 2,753,677
<TOTAL-ASSETS> 8,643,371
<CURRENT-LIABILITIES> 7,323,550
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 1,134,852
<TOTAL-LIABILITY-AND-EQUITY> 8,643,371
<SALES> 16,225,561
<TOTAL-REVENUES> 16,225,561
<CGS> 11,273,998
<TOTAL-COSTS> 18,594,625
<OTHER-EXPENSES> 6,727,055
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 593,572
<INCOME-PRETAX> (2,369,064)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,369,064)
<EPS-PRIMARY> (.46)
<EPS-DILUTED> (.00)
</TABLE>
