U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 1
TO
FORM 10-QSB
(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 Exchange Act for the
transition period from __________ to ___________.
Commission file number 01-13470
BIG SMITH BRANDS, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter)
Delaware 13-3005371
-------- ----------
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
7100 West Camino Real, Suite 201, Boca Raton, Florida 33433
(Address of Principal Executive Offices)
(407) 367-8283
(Issuer's Telephone Number, Including Area Code)
N/A
(Former Name, Former Address and Former Fiscal Year, if Changed
Since Last Report)
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____
Number of shares of common stock outstanding as of November 13, 1996: 3,930,000
Transitional Small Business Disclosure Format (check one): Yes____ No__X__
<PAGE>
Exhibit 27 to the above referenced 10QSB was not filed with the original filing.
That error is being corrected by this Amendment No. 1. The Exhibit 27 FDS
follows as a separate document which may be added to the original filing.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 208,933
<SECURITIES> 0
<RECEIVABLES> 3,336,403
<ALLOWANCES> 68,009
<INVENTORY> 11,038,827
<CURRENT-ASSETS> 15,514,069
<PP&E> 2,362,484
<DEPRECIATION> 1,030,743
<TOTAL-ASSETS> 17,596,828
<CURRENT-LIABILITIES> 11,127,758
<BONDS> 0
0
0
<COMMON> 39,300
<OTHER-SE> 5,537,090
<TOTAL-LIABILITY-AND-EQUITY> 17,596,828
<SALES> 8,667,566
<TOTAL-REVENUES> 9,440,814
<CGS> 7,636,111
<TOTAL-COSTS> 2,096,398
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (363,521)
<INCOME-PRETAX> (689,615)
<INCOME-TAX> 268,951
<INCOME-CONTINUING> (291,695)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (420,664)
<EPS-PRIMARY> $(.11)
<EPS-DILUTED> $(.11)
</TABLE>
