SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Quarterly Report Under Section 13 or 15(d) of
The Securities and Exchange Act of 1934
For the quarter ended........................... December 31,1995
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 XX NO
As of December 31, 1995 there were 32,048,371 shares of common stock
outstanding.
This amendment is filed to include the Corrected Consolidated Statements of
Operations for the Three Months Ended December, 31, 1995 and 1994; March 12,
1996.
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ALANCO ENVIRONMENTAL RESOURCES CORPORATION AND SUBSIDIARIES
CORRECTED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED DECEMBER, 31, 1995 AND 1994
Three Months Ended December 31
(Unaudited) 1995 1994
<S> <C> <C>
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REVENUES
Environmental services $ - $ 107,000
Restaurant service 141,390 -
Insurance adjusting 310,889 -
Mining and mining services - -
All other 5,293 12,893
Manufacturing 741,487 644,492
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Total revenues 1,199,059 764,385
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OPERATING EXPENSES
Direct Service
Environmental industry 115,255 381,912
Restaurant equipment and supply industry 86,235 -
Insurance adjusting industry 133,411 -
Mining industry 18,702 44,127
Manufacturing industry 450,602 651,963
General and administrative 840,639 149,909
Depreciation and amortization 226,887 98,515
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Total operating expense 1,871,731 1,326,426
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LOSS FROM OPERATIONS (672,672) (562,041)
OTHER INCOME AND (EXPENSE)
Interest Income 12,342 20,610
Interest Expense (28,496) (1,389)
Other income (expense) (20,708) 50,460
Loss on disposal of security (28,010) -
-------------- -------------
(64,872) 69,681
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NET LOSS BEFORE EXTRAORDINARY ITEM (737,544) (492,360)
EXTRAORDINARY ITEM
Write-down of assets to reflect market value - (1,022,428)
-------------- -------------
LOSS INCLUDING EXTRAORDINARY ITEM $ (737,564) $ (1,514,788)
============== =============
NET LOSS PER SHARE OF COMMON STOCK:
Before extraordinary item $ (0.02) $ (0.02)
Extraordinary item - (0.05)
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NET LOSS PER SHARE OF COMMON STOCK
INCLUDING EXTRAORDINARY ITEM $ (0.02) $ (0.07)
============== =============
Weighted average number of shares
outstanding during period 31,308,113 22,785,187
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See notes to consolidated financial statements
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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)
John E. Haggar
----------------------------------
JOHN E. HAGGAR
Treasurer
Date: 3/12/96
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