SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Amendment No. 1
Quarterly Report Under Section 13 or 15(d) of
The Securities and Exchange Act of 1934
For the quarter ended...........................September 30,1995
Commission file number.....................................0-9347
ALANCO ENVIRONMENTAL RESOURCES CORPORATION
(formerly known as Alanco Resources Corporation)
(Exact name of registrant as specified in its charter)
Arizona 86-0220694
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
4110 North Scottsdale Road, Suite 200, Scottsdale, Arizona 85251
(Address of principal executive office) (Zipcode)
(602) 874-0448
(Registrant's telephone number, including area code)
Indicate by check mark whether registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities and Exchange Act of 1934 during the preceding 12
months and (2) has been subject to such filing requirements for
the past 90 days.
YES X NO
As of September 30, 1995 there were 30,597,932 shares of
common stock outstanding.
This amendment is filed to include Exhibit 27 FINANCIAL DATA
SCHEDULE, November 21, 1995.
<PAGE>
Item 3 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS.
1. Liquidity and Capital Resources.
As of September 30, 1995, the Company's current assets
exceeded current liabilities by $2,833,545, a ratio of 4.3:1.
For the current quarter, available cash increased by $99,378 to
$706,789.
The Company believes that sales of the CDSI Air Pollution
Control Equipment, increases in the sales of restaurant
equipment, expansion of the insurance adjusting business and
continued performance of the manufacturing segment will produce
positive cash flow in the future. (See Note 8 - Subsequent
Events.) Agreements are in place to assure needed working
capital to finance future plans.
2. Results of Operations.
Revenues for the quarter increased from $885,267 to
$1,682,112. Sales in the manufacturing facility increased by
$445,000. The new business segments of restaurant equipment and
insurance adjusting represent the balance of the increase.
Although increases in operating expenses substantially offset the
additional revenue, loss from operations improved by $49,686.
Operations of the manufacturing facility produced a pre-tax
profit of $260,000 compared to a $12,000 profit for the
comparable period ending September 30, 1994. The increase in
these profits was offset by increased costs in the marketing of
the restaurant equipment segment. Although not a cash item, the
Company also recorded addition amortization and depreciation
expense of $139,000 for the quarter.
Item 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits
EXHIBIT (27) FINANCIAL DATA SCHEDULE
(b) Reports on Form 8-K
None
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunder duly authorized.
ALANCO ENVIRONMENTAL
RESOURCES CORPORATION
(Registrant)
KEVIN L. JONES
Kevin L. Jones
Chief Financial Officer
Date: 11/21/95
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THIS AMENDMENT IS FILED TO INCLUDE EXHIBIT 27 FINANCIAL DATA SCHEDULE,
NOVEMBER 20,1995
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