UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A-1
[xx] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended SEPTEMBER 30, 1997
-------------------------------------------------
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: 0-26262
U.S. BRIDGE OF N.Y., INC.
(Exact name of registrant as specified in its charter)
New York 11-3032277
(State or other jurisdiction
of incorporation (I.R.S. Employer Identification No.)
or organization)
53-09 97th Place, Corona, New York 11368
(Address of principal executive offices) (Zip Code)
(718) 699-0100
(Registrant'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) 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 [ ] No
[X]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares of each of the issuer's classes of common equity
outstanding as of the latest practicable date: Common stock, par value $.001 per
share: 2,302,515 shares outstanding as of November 10, 1997.
Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]
<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 17th day of November, 1997.
U.S. BRIDGE OF N.Y., INC.
By: /s/ Joseph M. Polito
Joseph M. Polito, President
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
U.S. BRIDGE OF N.Y., INC.
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 1 of this Form 10-QSB and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> jun-30-1997
<PERIOD-END> sep-30-1997
<CASH> 676,375
<SECURITIES> 0
<RECEIVABLES> 13,191,882
<ALLOWANCES> 2,287,000
<INVENTORY> 2,426,790
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 14,507,409
<CURRENT-LIABILITIES> 8,278,366
<BONDS> 0
<COMMON> 504,047
0
0
<OTHER-SE> 5,724,996
<TOTAL-LIABILITY-AND-EQUITY> 14,507,409
<SALES> 8,918,385
<TOTAL-REVENUES> 8,918,385
<CGS> 7,541,175
<TOTAL-COSTS> 7,541,175
<OTHER-EXPENSES> 590,697
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 29,820
<INCOME-PRETAX> 789,461
<INCOME-TAX> 226,950
<INCOME-CONTINUING> 562,511
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 562,511
<EPS-PRIMARY> 0.24
<EPS-DILUTED> 0.24
</TABLE>
