FORM 10-QSB

                        SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, DC  20549

(Mark One)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended:  January 31, 1996

                                       OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

                          Commission File No.: 0-12850
                                               -------

                              EDUDATA CORPORATION
                              -------------------
             (Exact name of registrant as specified in its charter)


           Delaware                                      13-3152648
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                       Identification No.)


          376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
          ----------------------------------------------------------
              (Address of principal executive offices) (Zip Code)


                                (908) 234-0042
                (Issuer's telephone number, including area code)

                                 Not Applicable
                              ------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)
     Check  whether  the Issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the Exchange  Act during the  preceding 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 _____

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock: As of February 29, 1996, the issuer had 2,509,900 shares of its
common stock, par value $.01 per share, outstanding.

<PAGE>


PART I-   FINANCIAL INFORMATION
Item 1.   Financial Statements



                      EDUDATA CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                January 31,
                                                                   1996
                                                                ----------

<S>                                                             <C>
ASSETS:

Current assets:
 Cash and cash equivalents                                      $  623,983
 Marketable securities, at market                                   55,663
 Interest receivable                                                 1,043
                                                                ----------
         Total current assets                                   $  680,689
                                                                ==========


LIABILITIES AND STOCKHOLDERS' EQUITY:

Current liabilities:
 Accounts payable and
  accrued liabilities                                           $   19,539
                                                                ----------
         Total current liabilities                              $   19,539
                                                                ----------


Stockholders' equity:
 Common stock, $.01 par value,
  10,000,000 shares authorized,
  2,509,900 shares issued and
  outstanding                                                       25,099
 Paid-in capital                                                 2,667,171
 Accumulated deficit                                            (2,031,120)
                                                                ----------
         Total stockholders' equity                                661,150
                                                                ----------
         Total liabilities and stockholders'
           equity                                               $  680,689
                                                                ==========


</TABLE>



           See accompanying notes to consolidated financial statements.


                                       

<PAGE>



                      EDUDATA CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)




<TABLE>
<CAPTION>

                                                               Three Months Ended
                                                                   January 31, 
                                                                
                                                            1996                  1995
                                                         ----------             ---------

<S>                                                      <C>                    <C>
Revenues:
  Interest income                                        $    8,940             $    8,545
  Net gains on marketable
    securities                                                1,412                      -
                                                         ----------             ----------
  Total revenues                                             10,352                  8,545

General and administrative expenses                           8,417                  7,799
                                                         ----------             ----------

Income before income taxes                                    1,935                    746

Provision for income taxes                                        -                     75
                                                         ----------             ---------- 

Net income                                               $    1,935             $      671
                                                         ==========             ==========

Net income per share                                     $        -             $        -
                                                         ==========             ==========

Weighted average number of
  shares outstanding                                      2,509,900              2,509,900
                                                         ==========             ==========





</TABLE>











           See accompanying notes to consolidated financial statements.


                                        
<PAGE>


                      EDUDATA CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)



<TABLE>
<CAPTION>


                                                                  Six Months Ended
                                                                     January 31, 
                                                            1996                   1995
                                                         ----------             ----------
                                   
                                                         <C>                    <C>
Revenues:
  Interest income                                        $   18,294             $   15,941
  Net gains on marketable
    securities                                                1,412                      -
                                                         ----------             ----------          
  Total revenues                                             19,706                 15,941

General and administrative
  expenses                                                   20,978                 12,941
                                                         ----------             ----------

Income (loss) before income taxes                        (    1,272)                 3,000

Provision for income taxes                                        -                     75
                                                         ----------             ----------

Net income (loss)                                       ($    1,272)            $    2,925
                                                         ==========             ==========

Net income (loss) per share                              $        -             $        -
                                                         ==========             ==========

Weighted average number of
  shares outstanding                                      2,509,900              2,509,900
                                                         ==========             ==========






</TABLE>



           See accompanying notes to consolidated financial statements.









                                                          
<PAGE>

                      EDUDATA CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)



<TABLE>
<CAPTION>


                                                                    Six Months Ended
                                                                       January 31,
                                                              1996                  1995
                                                          ------------          ------------

                                                         <C>                    <C>

Net cash used by
  operating activities                                   ($  17,706)            ($  1,639)
                                                          ---------              --------

Cash flows from investing activities:
    Purchase of marketable securities                    (  112,813)                    -
    Sale of marketable securities                            58,562                     -
    Purchase of U.S. Treasury
      securities                                                  -             ( 634,389)
                                                         ----------             ---------
    Net cash used by
          investing activities                           (   54,251)            ( 634,389)
                                                          ---------             ---------

Net decrease in cash and
  cash equivalents                                       (   71,957)            ( 636,028)

Cash and cash equivalents at
 beginning of period                                        695,940               692,066
                                                          ---------             ---------
Cash and cash equivalents at
 end of period                                            $ 623,983             $  56,038
                                                          =========             =========

Reconciliation of net income (loss)
  to net cash used in operating activities:
Net income (loss)                                        ($   1,272)            $   2,925
Adjustments:
 Net gain on marketable
  securities                                             (    1,412)                    -
 Change in other current assets                                 221             (     304)
 Change in accounts payable and
  accrued liabilities                                    (   15,243)            (   4,260)
                                                          ---------              --------
Net cash used by operating activities                    ($  17,706)            ($  1,639)
                                                          =========              ========




</TABLE>



           See accompanying notes to consolidated financial statements.





                                        

<PAGE>

                      EDUDATA CORPORATION AND SUBSIDIARIES
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                            JANUARY 31, 1996 AND 1995
                                   (Unaudited)

1.   Basis of Presentation
     ---------------------

     The accompanying  unaudited  consolidated  financial  statements of Edudata
     Corporation and subsidiaries (the "Company" or "Edudata") as of January 31,
     1996 and for the three  month  and  six month  periods  ended  January  31,
     1996 and 1995 reflect all material  adjustments consisting  of  only normal
     recurring adjustments  which, in the opinion of management,  are  necessary
     for a fair presentation   of  the  results  of  operations  for the interim
     periods presented.  Certain  information  and footnote disclosures required
     under  generally  accepted  accounting   principles have been  condensed or
     omitted  pursuant  to the rules  and  regulations  of  the  Securities  and
     Exchange Commission, although the Company believes that the disclosures are
     adequate  to  make  the  information   presented  not   misleading.   These
     consolidated financial  statements  should  be  read  in  conjunction  with
     the   year-end   consolidated   financial  statements   and  notes  thereto
     included  in the Company's Annual Report on Form 10-KSB for the fiscal year
     ended July 31, 1995 as filed with the Securities and Exchange Commission.

     The  results  of  operations  for the  three  months  and six months  ended
     January 31,  1996  are  not  necessarily  indicative of  the results to  be
     expected for the entire  fiscal year or for any other period.


2. Subsequent Events
   -----------------

     On March 1, 1996, the Company completed the acquisition of Bavarian  Dental
     Instruments,  Inc.  ("BDI")  and Dental  Medical  Diagnostic  Systems,  LLC
     ("DMD").  The  acquisition  was  effected  pursuant  to  the  terms  of two
     Contribution Agreements dated February 29,1996 ("Contribution  Agreements")
     between Edudata and BDI and Edudata and DMD.  Pursuant to the  Contribution
     Agreements  the  former  shareholders  of BDI and DMD  received  a total of
     5,000,000  shares  of  newly  issued  Edudata   restricted   common  stock,
     constituting approximately 66.7% of the of the Edudata's outstanding common
     stock, taking into consideration the newly issued shares. Also, pursuant to
     the  terms  of  the  Contribution  Agreement,   upon  consummation  of  the
     acquisition,  the then  current  members  of the  board and  management  of
     Edudata  resigned  and a new board of directors  designated  by BDI and DMD
     (Robert H.  Gurevitch,  Hiroki Umezaki,  Marvin H. Kleinberg,  and Gerald L
     Kitano) was appointed,  along with Robert H. Guervitch being  designated as
     Chief Executive Officer. The assets and liabilities acquired by the Company
     consisted  of primarily  cash and cash  equivalents,  accounts  receivable,
     inventory,  furniture and fixtures,  accounts payable,  accrued liabilities
     and notes  payable.  DMD is a  manufacturer  and  distributor  of intraoral
     cameras. BDI is a distributor of dental burs. DMD and BDI are headquartered
     in Westlake  Village,  CA, and operate  a  manufacturing  and  distribution
     facility  in  Irvine,  CA.   BDI  and  DMD has  approximately  27 full-time
     employees and one part-time employee.

<PAGE>

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS
          


Liquidity and Capital Resources

Net cash flows used by operating  activities were $17,706 and $1,639 for the six
months ended January 31, 1996 and 1995,  respectively.  The decrease in accounts
payable and accrued  liabilities  of $15,243  was the  principal  use of cash by
operating  activities  during the six months ended  January 31, 1996.  Investing
activities in the first six months of the current  fiscal year  consisted of the
net purchase of marketable  securities of $54,251.  In the comparable  period of
the prior fiscal year,  investing  activities  consisted of the purchase of U.S.
Treasury  securities  with an original  maturity of three  months or over.
U.S.  Treasury  securities  with an  original  maturity  date of less than three
months are considered cash equivalents.

Cash and cash equivalents were $623,983 at January 31, 1996. Cash equivalents of
approximately  $548,070  consisted of U.S.  Treasury  bills which will mature in
April 1996. Net working capital was $661,150, a decrease of $1,272 from July 31,
1995.  This  decrease  was due to the results of  operations  for the six months
ended  January 31, 1996.  Aside from the  investment of its liquid  assets,  the
Company's  future  operations  will depend upon  management's  ability to find a
suitable  acquisition of an operating business.  The Company is actively seeking
an  acquisition  and has the goal of  becoming an  operating  company as soon as
possible.  Management believes the Company's working capital is adequate for its
remaining  business  activities  and for  seeking  and  acquiring  an  operating
business.


Results of Operations

The Company recorded net income of $1,935 and a net loss of $1,272 for the three
and six months ended January 31, 1996, respectively,  and net income of $671 and
$2,925  respectively,  for the  comparable  periods  of the prior  fiscal  year.
Interest  income was $8,940 for the quarter ended January 31, 1996,  compared to
$8,545 for the  comparable  period of the prior fiscal  year.  In the six months
ended January 31, 1996,  interest income was $18,294 compared to $15,941 for the
six months ended January 31, 1995.  The Company had realized gains on marketable
securities  of $2,312 and  unrealized  losses of $900 for the six  months  ended
January 31, 1996 compared to no gains for the comparable six month period of the
prior  fiscal  year.  Marketable  securities  are  recorded  at fair  value with
unrealized   gains  or  losses  being   recognized  in  earnings.   General  and
administrative  expenses  were  $8,417 for the  quarter  ended  January 31, 1996
compared to $7,799 for the quarter  ended  January 31, 1995.  For the six months
ended January 31, 1996,  general and  administrative  expenses were $20,978,  an
increase of $8,037 from $12,941  recorded in the comparable  period of the prior
fiscal year. The increase in expenses was due principally to  professional  fees
incurred in the search for a suitable acquisition candidate, and management fees
charged by an affiliate of the Company.  The fees were based on the  affiliate's
estimated  costs  for   accounting,   cash  management  and  other  general  and
administrative  expenses  incurred by the  affiliate  on behalf of the  Company.
Management  believes the allocation  method is reasonable.  The management  fees
were  $3,000 and $6,000 for the three and six months  ended  January  31,  1996,
respectively.

                                        
<PAGE>


PART II - OTHER INFORMATION

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

     The following exhibits are filed as part of this report:

(a)      Exhibits
          
          10.1      Contribution Agreement entered into between Robert H.
                    Gurevitch, Hiroki Umezaki, Fred Kinley and Dewey Perrigo and
                    Edudata Corporation dated February 29, 1996*

          10.2      Contribution Agreement entered into between Robert H. 
                    Gurevitch, Anatoly Borodyansky and Dewey Perrigo and Edudata
                    Corporation dated Februray 29, 1996*

          27.1      Financial Data Schedule - filed herewith

(b)       Reports on Form 8-K.

          No reports on Form 8-K were filed during the quarter for which this 
          Form 10-QSB is filed.

--------------------
* See Report on Form 8-K reporting event that occured on March 1, 1996



<PAGE>


                                   SIGNATURES


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.

                               EDUDATA CORPORATION



Dated:    March 11, 1996              By:  /s/ Robert H. Gurevitch
                                      -----------------------------------
                                      Robert H. Gurevitch
                                      Chief Executive Officer