UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 10549
                               FORM 10-QSB AMENDED

                 QUARTERLY REPORT UNDER SECTION 11 OR 15 (d) of
                              EXCHANGE ACT OF 1934
                   FOR THE QUARTER PERIOD ENDING JUNE 30, 2004
                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------
             (Exact Name of registrant as specified on its charter)

         Delaware                                        13-5671991
---------------------------                     --------------------------
(State or other jurisdiction of)                     (I.R.S. Employer
incorporation of organization                       Identification Number)

321 East Shore Road
Great Neck, New York                                     11023
--------------------                            --------------------------
(Address of principal offices)                         (Zip Code)

Registrant's telephone number,
including area code                                   516-466-3030
                                                  --------------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 12 or 15 (d) of the Securities 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 June 30, 2004 there were 3,962,058 shares of common stock outstanding.


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


Transitional Small Business Disclosure Format:

Yes [ ]          No [X]




<PAGE>


                         DIAPULSE CORPORATION OF AMERICA

                              INDEX TO FORM 10-QSB


PART I. FINANCIAL INFORMATION

       ITEM 1.        FINANCIAL STATEMENTS

                      BALANCE SHEETS (UNAUDITED)
                      June 30, 2004
                                                                         3 - 4
                      STATEMENTS OF OPERATIONS (UNAUDITED)
                      Six Months ended June 30, 2004                         5
                      Three months ended June 30, 2004                       6

                      STATEMENTS OF CASH FLOWS (UNAUDITED)
                      Six Months ended June 30, 2004                         7

                      NOTES TO UNAUDITED FINANCIAL STATEMENTS                8

       ITEM 2.        MANAGEMENT'S DISCUSSION AND ANALYSIS                   9


PART II.  OTHER INFORMATION

       ITEM 1.  LEGAL PROCEEDINGS                                           10

       ITEM 2.  CHANGES IN SECURITIES                                       11

       ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                             11

       ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS         11

       ITEM 5.  OTHER INFORMATION                                           11

       ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                            11

       ITEM 7.  CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER                12-14


SIGNATURES

       SIGNATURE PAGE                                                       15


<PAGE>


                         DIAPULSE CORPORATION OF AMERICA
                                 BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                                    June 30, 2004         Dec.31, 2003
                                                                                        Unaudited              Audited
                                                                                        ---------              -------
                                    Assets
<S>                                                                                       <C>                 <C>
  Current Assets:
    Cash and cash equivalents                                                             $673,428            $621,799
    Current portion of accounts receivable, net of
      Allowance for doubtful accounts of  $437,876 at
      June 30, 2004 and $485,873 at December 31, 2003                                       60,104              86,955
    Inventories                                                                            190,262             194,851
    Commission advances                                                                     12,636               4,156
    Note receivable to related party, current portion                                       22,925              22,925
    Other current assets                                                                     6,941               5,295
                                                                                           -------             -------

        Total current assets                                                               966,296             935,981
                                                                                           -------             -------

   Property and equipment, net                                                              40,260              44,521
                                                                                           -------             -------


  Other assets:
  Accounts receivable, net of current portion                                              171,066             130,432
  Commission advances to related parties                                                    32,534              41,697
  Note receivable to related party, net of current portion                                 135,949             140,023
  Security deposits                                                                         21,406              21,841
                                                                                           -------             -------

            Total other assets                                                             360,955             333,993
                                                                                           -------             -------

            Total Assets                                                                $1,367,511          $1,314,495
                                                                                        ==========          ==========


</TABLE>



                        See Notes to Financial Statements

                                       4

<PAGE>



                         DIAPULSE CORPORATION OF AMERICA
                                 BALANCE SHEETS


                Liabilities and Stockholder's Equity (Deficiency)
<TABLE>
<CAPTION>


                                                                                   June 30, 2004         Dec. 31, 2003
                                                                                       Unaudited               Audited
                                                                                     -----------              ---------
<S>                                                                                    <C>                   <C>
   Current Liabilities:
     Current portion of  amounts due to officer/stockholder                              $100,000              $100,000


     Accounts payable and accrued liabilities including
       $74,864 and $75,586 to related parties in
       2004 and 2003                                                                      202,738               303,929
     Accrued income taxes                                                                  59,755                   955
                                                                                       ----------            ----------
            Total current liabilities                                                     362,493               404,884

     Long-term portion of amounts due to officer                                        2,683,512             2,702,567
                                                                                       ----------            ----------
             Total Liabilities                                                          3,046,005             3,107,451
                                                                                       ----------            ----------
   Stockholders' equity:
     Common stock - $.025 par value:
       Authorized 15,000,000 shares, issued 3,962,058
       Shares as at 2004 and 2003                                                          99,051                99,051
     Additional paid-in capital                                                         2,293,272             2,293,272
     Accumulated deficit                                                               (4,068,489)           (4,182,951)
                                                                                       ----------            ----------

   Less treasury stock 1,328 shares as at 2004 and 2003 at cost                            (2,328)               (2,328)
                                                                                       ----------            ----------

             Total stockholders' equity (Deficiency)                                   (1,678,494)           (1,792,956)
                                                                                       ----------            ----------

   Total liabilities and stockholders' equity (Deficiency)                             $1,367,511            $1,314,495
                                                                                       ==========            ==========

</TABLE>

                        See Notes to Financial Statements

                                       5
<PAGE>

                         DIAPULSE CORPORATION OF AMERICA
                              STATEMENTS OF INCOME
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                                 SIX MONTHS ENDED
                                                                                     JUNE 30
                                                                       ---------------------------------
                                                                        2004                       2003
                                                                        ----                       ----

<S>                                                                   <C>                        <C>
Net Sales and rentals                                                 $ 543,333                  $ 740,322

Cost of sales and rentals                                                90,713                     77,213
                                                                      ---------                  ---------

          Gross Margin                                                  452,620                    663,109


Operating Expenses:
  Selling, general and administrative                                   347,914                    648,276
  Interest expense (related parties)                                     64,056                     70,563
                                                                      ---------                  ---------

          Total Operating Expenses                                      411,970                    718,839
                                                                      ---------                  ---------

         Net Operating Income (Loss)                                     40,650                    (55,730)
Interest and other income                                                42,087                      2,983
                                                                      ---------                  ---------

         Income before Provision for Income Taxes                        82,737                    (52,747)
Provision for Income Taxes                                              (31,725)                      (892)
                                                                      ---------                  ---------
          Net Income (Loss)                                           $ 114,462                  $ (51,855)
                                                                      =========                  =========

           Basic Earnings Per Share                                      $ 0.03                  $   (0.01)
                                                                      =========                  =========

          Weighted Average Number of Common
          Shares Outstanding                                          3,962,058                  3,962,058
                                                                      =========                  =========

</TABLE>


                        See Notes to Financial Statements

                                       6
<PAGE>


                         DIAPULSE CORPORATION OF AMERICA
                              STATEMENTS OF INCOME
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                                    THREE MONTHS ENDED
                                                                                         JUNE 30
                                                                       ---------------------------------------
                                                                         2004                            2003
                                                                         ----                            ----

<S>                                                                   <C>                             <C>
Net Sales and rentals                                                 $ 142,512                       $ 282,593
                                                                      ---------                       ---------

Cost of sales and rentals                                                36,452                          37,983
                                                                      ---------                       ---------

          Gross Margin                                                  106,060                         244,610


Operating Expenses:
  Selling, general and administrative                                    94,177                         248,223
  Interest expense (related parties)                                     28,991                          35,466
                                                                      ---------                       ---------

          Total Operating Expenses                                      123,168                         283,689
                                                                      ---------                       ---------

         Net Operating Income (Loss)                                    (17,108)                        (39,079)
Interest and other income                                                14,550                           1,126
                                                                      ---------                       ---------

         Income before Provision for Income Taxes                        (2,558)                        (37,953)
Provision for Income Taxes                                               80,134                           1,308
                                                                      ---------                       ---------
          Net Income (Loss)                                            $ 77,576                       $ (39,261)
                                                                      =========                       =========

           Basic Earnings Per Share                                    $   0.02                       $   (0.01)
                                                                      =========                       =========

          Weighted Average Number of Common
          Shares Outstanding                                          3,962,058                       3,962,058
                                                                      =========                       =========

</TABLE>


                        See Notes to Financial Statements

                                       7

<PAGE>


                         DIAPULSE CORPORTION OF AMERICA
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                          SIX MONTHS ENDED
                                                                              JUNE 30
                                                                 -----------------------------------
                                                                  2004                         2003
                                                                  ----                         ----
<S>                                                        <C>                             <C>
Cash Flows From Operating Activities:
  Net income (Loss)                                          $ 114,462                       $ (51,855)
                                                             ---------                       ---------
Adjustments to reconcile net income to net cash
  Provided by operating activities:
  Depreciation and amortization                                  9,018                           9,978
  Changes in operating assets and liabilities:
  (Increase) Decrease in accounts receivable                   (13,783)                        160,288
  Decrease in commission advances                                  683                          20,840
  Decrease in notes receivable due from officer                  4,074
  (Increase) Decrease in inventories                             4,589                          (6,555)
  (Increase) Decrease in other assets                           (1,211)                          2,949
  (Decrease) in accounts payable and
    Accrued liabilities                                       (101,191)                       (108,505)
  Increase in income taxes payable                              58,800                          12,545
                                                             ---------                       ---------

         Total adjustments                                     (39,021)                         91,540
                                                             ---------                       ---------
Net cash provided by (used in) operating
          Activities                                            75,441                          39,685
                                                             ---------                       ---------
Net cash (used) in investing activities,
capital
  Expenditures                                                  (4,757)                             -

Cash flow from financing activities:
(Decrease) in long term portion of amounts
   Due to officer                                              (19,055)                        (35,010)
                                                             ---------                       ---------
     Net cash provided (used) by
     Financing activities                                      (23,812)                        (35,010)
                                                             ---------                       ---------

     Net Increase in cash
           And cash equivalents                                 51,629                           4,675
Cash and cash equivalents -
  Beginning of Period                                          621,799                         522,108
                                                             ---------                       ---------
Cash and cash equivalents -
  End of Period                                               $673,428                        $526,783
                                                             =========                       =========

</TABLE>

                        See Notes to Financial Statements


                                       8
<PAGE>


                         DIAPULSE CORPORATION OF AMERICA
                          NOTES TO FINANCIAL STATEMENTS

1.       Basis of presentation

     The balance sheets of Diapulse Corporation of America as of June 30, 2004,
and the related statements of income and cash flows for the six months ended
June 30, 2004, and 2003 have been prepared by the Company without audit. In the
opinion of management, all adjustments (which included only normal recurring
adjustments) necessary to present fairly the financial position, results of
operations and changes in cash flows for the six months ended June 30, 2004 and
2003 and for all periods presented have been made. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been omitted. It
is suggested that these financial statements be read in conjunction with the
financial statements and notes thereto included in the Company's December 31,
2003 annual report to shareholders. There have been no changes of significant
accounting policies since December 31, 2003. Results of operations for the six
month period ended are not necessarily indicative of the results that may be
expected for the year ending December 31, 2004.


2.  Income Taxes

         The Company accounts for income taxes under the asset and liability
method.

3.  Inventories

         Inventories as of June 30, 2004 and December 31, 2003 consisted of the
following:
                                                  June 30       December 31
                                                  -------       ------------
                                                   2004             2003
                                                   ----             ----

Parts, components and subassemblies              $ 69,530        $  60,188
Finished goods                                    120,732          134,663
                                                ---------        ---------
          Total Inventories                     $ 190,262        $ 194,851
                                                =========        =========






                                       9


<PAGE>



                         DIAPULSE CORPORATION OF AMERICA
                        ITEM 2 - MANAGEMENT'S DISCUSSION
                         AND ANALYSIS For the Six Months
                          Ended June 30, 2004 and 2003


Results of Operations

         Net sales and rentals for the current six months decreased by $196,989
to $543,333 from last year's comparable six month period of $740,322. This was
due primarily to a reduction in machine rentals and sales.

         Operating expenses for the current six months decreased to $427,914
from last year's comparable six month period of $648,276.

Liquidity and Capital Resources

         As of June 30, 2004 the Company had working capital of $603,803 and a
current ratio of 2.67 to 1. This represents an increase in working capital since
December 31, 2003 of $72,706.

         The Company intends to fund its future operations, pursue research and
development of current and future products and expand operations through machine
rental and sales.

Impact of Inflation

         Although the Company has not attempted to calculate the effect of
inflation, management does not believe inflation has had a material effect on
its results of operations. Material increases in costs and expenses in the
future could have a significant impact on the Company's operating results to the
extent that the effect of such increases cannot be transferred to its customers.

Forward-Looking Information

         The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements made by the Company in its
disclosures to the public. There is certain information contained herein in the
Company's press releases and in oral statements made by authorized officers of
the Company which are forward-looking statements, as defined by such Act. When
used herein, in the Company's press releases and in such oral statements, the
words "estimate", "project", "anticipate", "expect", "intend", "believe",
"plans", and similar expressions are intended to identify forward-looking
statements. Because such forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual results to
differ materially from those expressed or implied by such forward-looking
statements


                                       10

<PAGE>



                         DIAPULSE CORPORATION OF AMERICA
                           PART II - OTHER INFORMATION
                 For the Six Months Ended June 30, 2004 and 2003

Item 1.  Legal Proceedings

The Company was involved as plaintiff in litigation filed on August 1994,
alleging deceptive acts and practices, false advertising, unfair competition,
breach of fiduciary duty under New York and under Federal Law. The complaint
demands damages in an unspecified amount for compensatory, punitive and treble
damages, profits and attorneys' fees against corporate and individual
defendants. In early 2000, a settlement agreement was reached whereby all claims
against the company were dismissed with prejudice and one of the Corporate
defendants agreed to pay the Company the sum of $50,000 with interest at the
rate of 9% per year, in level monthly installment payments of $1,786.41. The
agreement further provided that in the event of failure to make the installment
payments when due, the entire balance would immediately become due and payable
and the company would be entitled to enter judgment for the balance. The
agreement also provides for the defendants to refrain from engaging in certain
marketing practices in the future. The defendants failed to make any payments
after the payment due on January 1, 2001 and in late 2001 a judgment for
$39,215.61 was entered against the corporate defendant who had agreed to the
monetary settlement. The company is currently attempting to enforce the judgment
but is not aware of any assets owned by the judgment debtor.

A former independent contractor sued the company for an amount in excess of
$75,000 pursuant to a signed Commission Salesperson Agreement. In January of
2003 the Company deposited $75,000 in escrow with its attorney as directed by an
arbitration award. The Company commenced a second, separate arbitration
proceeding seeking the return of two machines held by the independent contractor
and claiming loss of revenue on the two machines. This case has now been settled
in favor of the company and the $75,000 that was in escrow has been returned to
the Company.

The Company filed a claim with one of its insurance carriers for loss of and
damage to property that was being stored with a storage company. The insurance
carrier paid the company $25,000 for damages, removed and discarded the
property. In September 2001, the storage company sued the company for unpaid
storage of approximately $80,000. The Company denies liability on the merits of
the case and also has raised the statue of limitations as a partial defense. The
Company countersued the storage company for $80,000 for damages done to their
equipment. Since the Company recovered $25,000, the balance of $55,000 is being
sought through the courts for reimbursement. Counsel ventures no opinion on the
ultimate outcome, but believes there are good defenses, although some liability
is possible.


                                       11

<PAGE>



Item 2.  Changes in Securities

None

Item 3.  Defaults Upon Senior Securities

None.

Item 4.  Submission of Matters to a Vote of Security Holders
------------------------------------------------------------

None.

Item 5.  Other Information

Not applicable.

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits Filed:  None

(b) Reports on Form 8-K: None.


                                       12
<PAGE>




                                   SIGNATURES

Pursuant to the requirements of Section 11 or 15 (d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.



                                       DIAPULSE CORPORATION OF AMERICA

                                               Registrant



                                      By /s/ Jesse Ross, President
                                         -----------------------------------
                                             Jesse Ross, President

                                          Date: May 25, 2005


                                       13