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. 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 -------------- ------------- 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 -------------- ------------- Total revenues 1,199,059 764,385 -------------- ------------- 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 -------------- ------------- Total operating expense 1,871,731 1,326,426 -------------- ------------- 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 -------------- ------------- 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) -------------- ------------- 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 -------------- ------------- See notes to consolidated financial statements - 2 - 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 -------------- - 3 -