<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
(Mark One)
[x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996.
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________ TO _________.
Commission file number ______________
KAYE KOTTS ASSOCIATES INC.
(Exact name of small business issuer as specified in its charter)
Delaware 95-4248310
(State or other jurisdiction of incorporation or (I.R.S. Employer
organization) Identification No.)
15490 VENTURA BOULEVARD
SHERMAN OAKS, CALIFORNIA 91403
(Address of principal executive offices, zip code)
(818) 382-6300
(Issuer's telephone number)
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 reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes _x_ No___
As of June 30, 1996, the Registrant had 2,387,400 shares of Common Stock
outstanding.
Transitional Small Business Disclosure Format (Check One): Yes ____ No __X___
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KAYE KOTTS ASSOCIATES INC.
Item 6. Exhibits
Exhibit
- -------
27 Financial Data Schedule
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.
KAYE KOTTS ASSOCIATES INC.
October 3, 1996 By: /s/ David Kaye
-------------------------------
David Kaye
Chief Executive Officer
President
Treasurer
October 3, 1996 By: /s/ Arnold Levitt
-------------------------------
Arnold Levitt
Chief Financial Officer
Assistant Treasurer
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1
<CASH> 112,325
<SECURITIES> 2,832,185
<RECEIVABLES> 1,217,015
<ALLOWANCES> 242,441
<INVENTORY> 0
<CURRENT-ASSETS> 4,253,520
<PP&E> 376,801
<DEPRECIATION> 175,795
<TOTAL-ASSETS> 4,454,525
<CURRENT-LIABILITIES> 1,493,433
<BONDS> 0
0
0
<COMMON> 23,944
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 4,454,525
<SALES> 2,718,336
<TOTAL-REVENUES> 2,785,088
<CGS> 0
<TOTAL-COSTS> 4,195,889
<OTHER-EXPENSES> 143,520
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 30,723
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,441,525)
<DISCONTINUED> 0
<EXTRAORDINARY> 112,797
<CHANGES> 0
<NET-INCOME> (1,554,322)
<EPS-PRIMARY> (.77)
<EPS-DILUTED> 0
</TABLE>
