


--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                AMENDMENT NO. 1
                                       ON
                                   FORM 10-QSB


[X]        QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
           ACT OF 1934

           For the quarter ended June 30, 1996.


[_]        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 0-15873

                             LASERGATE SYSTEMS, INC.
               -------------------------------------------------
              (Exact name of small business issuer in its charter)

            FLORIDA                                             59-2543206
----------------------------------                         -------------------
 (State or other jurisdiction                                (I.R.S.Employer
 of incorporation or organization)                         Identification No.)

           28050 U.S. 19 NORTH, SUITE 502, CLEARWATER, FLORIDA 34621
          ------------------------------------------------------------
          (Address of principal executive office)            (Zip Code)


               28050 US 19 N, Suite 502, Clearwater, Florida 34621
               ---------------------------------------------------
               (Address of principal executive office) (Zip code)

                    Issuer's telephone number: (813) 725-0882


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  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
    ---       ---


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date.

Class                                            Outstanding at October 30, 1996
-----                                            ------------------------------

Common stock $0.03 par value                              7,432,061

Transitional Small Business Disclosure Format (check one)

Yes      No    X
    ---       ---


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<PAGE>

                             LASERGATE SYSTEMS, INC.

                                AMENDMENT NO.1 ON

                 FORM 10-QSB FOR THE QUARTER ENDED JUNE 30, 1996

                                     INDEX
                                     -----
                                                                            Page
                                                                            ----
Part II.  OTHER INFORMATION

          Item 6.   Exhibits and Reports on Form 8-K                          3

          Signature                                                           4

                                      -2-

<PAGE>


Part II   -    Other Information

Item 6    -    Exhibits and Reports on Form 8-K

(a)  Exhibits:


           3.1        Amended  and  Restated  Articles of  Incorporation  of the
                      Registrant.

          *4.1        Form of Series F  Subscription  Agreement for the Purchase
                      of Shares of Series F Preferred Stock

          *4.2        Form of Registration  Rights Agreement With Respect to the
                      Purchases of Shares of Series F Preferred Stock

          *27.1       Financial Data Schedule

(b)  Reports  on Form 8-K:  The  Company  has not filed any  reports on Form 8-K
during the quarter ended June 30, 1996.

-------------------------
*    Previously filed.



                                      -3-

<PAGE>



                                    SIGNATURE

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                                      Lasergate Systems, Inc.

                                                       Registrant



Date: October 31, 1996                                /s/ PHILIP P. SIGNORE
                                                       --------------------
                                                       PHILIP P. SIGNORE
                                                        Vice President and
                                                       Chief Financial Officer




                                       -4-

