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 SEPTEMBER 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 September 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)
                      September 30, 2004
3 - 4

                      STATEMENTS OF OPERATIONS (UNAUDITED)
                      Nine Months ended September 30, 2004                    5
                      Three months ended September 30, 2004                   6

                      STATEMENTS OF CASH FLOWS (UNAUDITED)
                      Nine Months ended September 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




                                       3
<PAGE>

                         DIAPULSE CORPORATION OF AMERICA
                                 BALANCE SHEETS

<TABLE>
<CAPTION>


                                                                         Sept. 30, 2004            Dec. 31, 2003
                                                                              Unaudited                 Audited
                                                                              ---------                 -------
                                  Assets
<S>                                                                            <C>                     <C>
  Current Assets:
    Cash and cash equivalents                                                  $480,065                $621,799
    Current portion of accounts receivable, net of
      Allowance for doubtful accounts of  $478,736 at
      September 30, 2004 and $485,873 at December 31, 2003                       85,627                  86,955
    Inventories                                                                 233,027                 194,851
    Commission advances                                                          13,122                   4,156
    Note receivable to related party, current portion                            20,888                  22,925
    Other current assets                                                         11,599                   5,295
                                                                             ----------              ----------

        Total current assets                                                    844,328                 935,981
                                                                             ----------              ----------

   Property and equipment, net                                                   40,591                  44,521
                                                                             ----------              ----------


  Other assets:
  Accounts receivable, net of current portion                                   243,706                 130,432
  Commission advances to related parties                                         34,474                  41,697
  Note receivable to related party, net of current portion                      148,170                 140,023
  Security deposits                                                              21,406                  21,841
                                                                             ----------              ----------

            Total other assets                                                  447,756                 333,993
                                                                             ----------              ----------

            Total Assets                                                     $1,332,675              $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>


                                                                         Sept. 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
       $75,344 and $75,586 to related parties in
       2004 and 2003                                                            224,314                 303,929
     Accrued income taxes                                                        56,105                     955
                                                                             ----------              ----------

            Total current liabilities                                           380,419                 404,884

     Long-term portion of amounts due to officer                              2,730,278               2,702,567
                                                                             ----------              ----------

             Total Liabilities                                                3,110,697               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                                                     (4,168,017)             (4,182,951)
                                                                             ----------              ----------
                                                                             (1,775,694)             (1,790,628)
                                                                             ----------              ----------

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

             Total stockholders' equity (Deficiency)                         (1,778,022)             (1,792,956)
                                                                             ----------              ----------

   Total liabilities and stockholders' equity (Deficiency)                   $1,332,675              $1,314,495
                                                                             ==========              ==========

</TABLE>
                        See Notes to Financial Statements


                                       5
<PAGE>



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

                                                                        NINE  MONTHS ENDED
                                                                           SEPTEMBER 30
                                                               -------------------------------------
                                                                  2004                       2003
                                                               ----------                  ---------
<S>                                                            <C>                         <C>
Net Sales and rentals                                          $ 795,000                   $ 906,564

Cost of sales and rentals                                        150,520                     117,457
                                                               ---------                   ---------

          Gross Margin                                           644,480                     789,107


Operating Expenses:
  Selling, general and administrative                            611,622                     854,969
  Interest expense (related parties)                             103,118                     104,710
                                                               ---------                   ---------

          Total Operating Expenses                               714,740                     959,679
                                                               ---------                   ---------

         Net Operating Income (Loss)                             (70,260)                   (170,572)
Interest and other income                                         50,844                       4,584
                                                               ---------                   ---------

         Income before Provision for Income Taxes                (19,416)                   (165,988)
Provision for Income Taxes                                       (34,350)                     (7,719)
                                                               ---------                   ---------
          Net Income (Loss)                                    $  14,934                   $(158,269)
                                                               =========                   =========

           Basic Earnings Per Share                            $      -                    $   (0.04)
                                                               =========                   =========

          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
                                                                         SEPTEMBER 30
                                                            ----------------------------------
                                                               2004                    2003
                                                            ----------               ---------

<S>                                                          <C>                     <C>
Net Sales and rentals                                        $ 251,667               $ 166,242

Cost of sales and rentals                                       59,807                  40,244
                                                             ---------              ----------

          Gross Margin                                         191,860                 125,998


Operating Expenses:
  Selling, general and administrative                          263,708                 206,693
  Interest expense (related parties)                            39,062                  34,147
                                                             ---------              ----------

          Total Operating Expenses                             302,770                 240,840
                                                             ---------              ----------

         Net Operating Income (Loss)                          (110,910)               (114,842)
Interest and other income                                        8,757                   1,601
                                                             ---------              ----------

         Income before Provision for Income Taxes             (102,153)               (113,241)
Provision for Income Taxes                                       2,625                   6,827
                                                             ---------              ----------
          Net Income (Loss)                                  $ (99,528)             $ (106,414)
                                                             =========              ==========

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


          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>

                                                                                           NINE MONTHS ENDED
                                                                                              SEPTEMBER 30
                                                                              -------------------------------------
                                                                                2004                       2003
                                                                              ----------                  ---------
<S>                                                                          <C>                        <C>
Cash Flows From Operating Activities:
  Net income (Loss)                                                           $   14,934                 $ (158,269)
                                                                              ----------                 ----------
Adjustments to reconcile net income to net cash
  Provided by operating activities:
  Depreciation and amortization                                                   13,781                     14,967
  Changes in operating assets and liabilities:
  (Increase) Decrease in accounts receivable                                    (111,946)                   247,302
  (Increase) Decrease in commission advances                                      (1,743)                   183,460
  (Increase) in notes receivable due from officer                                 (6,110)                  (187,811)
  (Increase) in inventories                                                      (38,176)                   (14,124)
   Increase (Decrease) in other assets                                            (5,869)                       718
  Decrease in accounts payable and
    Accrued liabilities                                                          (79,615)                  (131,095)
  Increase in income taxes payable                                                55,150                      3,382
                                                                              ----------                 ----------

         Total adjustments                                                      (174,528)                   116,799
                                                                              ----------                 ----------
Net cash provided by (used in) operating

          Activities                                                            (159,594)                   (41,470)
                                                                              ----------                 ----------
Net cash (used) in investing activities, capital
  Expenditures                                                                    (9,851)                         -

Cash flow from financing activities:
Increase in long term portion of amounts
   Due to officer                                                                 27,711                      2,157
                                                                              ----------                 ----------
     Net cash provided (used) by
     Financing activities                                                         27,711                      2,157
                                                                              ----------                 ----------
     Net (Decrease) in cash
           And cash equivalents                                                (141,734)                    (39,313)
                                                                              ----------                 ----------
Cash and cash equivalents -
  Beginning of Period                                                            621,799                    522,108
                                                                              ----------                 ----------
Cash and cash equivalents -
  End of Period                                                                 $480,065                   $482,795
                                                                              ==========                 ==========
</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 September
30, 2004 and the related statements of income and cash flows for the nine months
ended September 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 nine months ended
September 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 nine 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 September 30, 2004 and December 31, 2003 consisted of
the following:
                                            September 30      December 31
                                               2004               2003

Parts, components and subassemblies          $ 120,495         $  60,188
Finished goods                                 112,532           134,663
                                             ---------         ---------
          Total Inventories                  $ 233,027         $ 194,851
                                             =========         =========


                                       9
<PAGE>




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


Results of Operations

         Net sales and rentals for the current nine months decreased by $111,564
to $795,000 from last year's comparable nine month period of $906,564. This was
due primarily to a reduction in machine rentals and sales.

         Operating expenses for the current nine months decreased to $691,622
from last year's comparable nine month period of $854,969.

Liquidity and Capital Resources

         As of September 30, 2004 the Company had working capital of $463,909
and a current ratio of 2.22 to 1. This represents a decrease in working capital
since December 31, 2003 of $67,188.

         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 Nine Months Ended September 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
                                              --------------------------------
                                              Jesse Ross, President

                                           Date: May 25, 2005