SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
Amendment #1
[X] Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934
[ ] Transitional Report Under Section 13 or 15 (d) of the Securities
Exchange Act of 1934
For the quarter ended March 31, 1996
Commission File No. 0-24684
K&S VENTURES, INC.
(Name of small business issuer in its charter)
Colorado
(State or other jurisdiction of Incorporation or Organization)
84-1214336
(IRS Employer Identification Number)
8908 South Yale Avenue, Suite 409
Tulsa, OK 74137
(918) 481-0167
(Address, including zip code and telephone number, including area
code of registrant's executive offices)
Securities registered under Section 12 (b) of the Exchange Act: none
Securities registered under Section 12 (g) of the Exchange Act:
Common Stock
(Title of class)
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K&S VENTURES, INC.
The undersigned Registrant hereby amends its Quarterly Report on Form 10-QSB
for the quarter ended March 31, 1996 as follows:
Item 7. Financial Statements
The balance sheets as of March 31, 1996 and December 31, 1995 have been
revised to reflect the accrual of fees for accounting services incurred
with respect to the audit of the financial statements as of December 31, 1995.
Item 6: Management's Discussion and Analysis
MD&A has been revised to reflect the nature of the accrued liabilities
and the expected sources of funds for the payment of such liabilities.
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K&S VENTURES, INC.
Item 6. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
Results of Operations for the quarter ended March 31, 1996.
At March 31, 1996, the Company had $4,410 in accrued liabilities
of which $4,110 related to legal expenses associated with the preparation
and filing of the required SEC reports and $300 in accounting expenses
associated with the audit of the financial statements for the year ended
December 31, 1995. These expenses were paid by shareholders during the
quarter ended December 31, 1996. Such cash was recorded as additional paid
in capital. Historically, the expenses of the Company have been nominal and
any expenses incurred have been paid by shareholders. Management believes
that the shareholders have sufficient resources to cover the cash needs of
the Company, which are expected to remain nominal. There can be no assurance,
however that such shareholders will continue to make funds available to the
Company.
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<TABLE>
<CAPTION>
K&S VENTURES, INC.
Balance Sheets
<S> <C> <C>
ASSETS March 31, December 31,
1996 1995
Current Assets
Cash $0 $0
------- -------
Total Assets $0 $0
------- -------
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued liabilities $4,410 $4,410
Stockholders' Equity
Common Stock, $0.01 par value
100,000,000 shares
authorized, 10,000 issued
and outstanding at
December 31, 1995 and 1994 100 100
Additional paid in capital 15,047 15,047
Retained Earnings (19,557) (19,557)
------- -------
Total Stockholders' Equity (4,410) (4,410)
------- -------
Total Liabilities and
Stockholders' Equity $0 $0
------- -------
</TABLE>
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<TABLE>
<CAPTION>
K&S VENTURES, INC.
Statements of Operations
For the three months ended March 31, 1996 and 1995
<S> <C> <C>
1996 1995
------- --------
Operating Revenue
Sales $0 $0
Operating Expenses 0 0
------- ------
Income (loss) before taxes-
Continuing operations 0 0
Provision for income taxes 0 0
------- -------
Net Income (Loss) 0 0
------- -------
Net Income (loss) per share ($0.00) ($0.00)
------- -------
</TABLE>
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<TABLE>
<CAPTION>
K&S VENTURES, INC.
Statement of Cash Flows
For the three months ended March 31, 1996 and 1995
<S> <C> <C>
1996 1995
-------- --------
OPERATING ACTIVITIES
Net Loss 0 0
------- --------
Cash Flows Used in Operating
Activities 0 0
------- --------
FINANCING ACTIVITIES
Cash Flows from Financing
Activities 0 0
------- --------
Net change in cash 0 0
Cash at beginning of period 0 0
------- --------
Cash at end of period 0 0
------- --------
</TABLE>
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SIGNATURES
In accordance with Section 13 of 15(d) of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by
the undersinged, thereunto duly authorized.
Date: May 15, 1997 By: /s/ RHONDA R. VINCENT
-------------------------
Rhonda R. Vincent
Treasurer
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