<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-Q/A-1

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

                  For the quarterly period ended June 30, 2003

                                       OR

[ ]  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 0-25198

                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
                      -------------------------------------
             (Exact name of registrant as specified in its charter)

               Delaware                               36-3973627
               --------                               ----------
   (State or other jurisdiction of                 (I.R.S. Employer
    incorporation or organization)                Identification No.)

                           11859 South Central Avenue
                              Alsip, Illinois 60803
                              ---------------------
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (708) 293-4050
                                 --------------
              (Registrant's telephone number, including area code)

                                       N/A
   (Former name, former address and former fiscal year, if changed since last
                                    report)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 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 by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act): Yes       No   X
                                                -----    -----

The number of shares of issuer's Common Stock, par value $.01 per share,
outstanding as of June 30, 2003 was 8,224,949 shares.
<PAGE>
                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.

                                    FORM 10-Q

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                       Page(s)
                                                                       -------
<S>                                                                    <C>
PART I. FINANCIAL INFORMATION
-----------------------------

  Item 1. Financial Statements

     Consolidated Balance Sheets
          June 30, 2003 (Unaudited) and December 31, 2002                3

     Consolidated Statements of Operations
          (Unaudited) - for the six months ended
          June 30, 2003 and 2002                                         4

     Consolidated Statements of Cash Flows
          (Unaudited) - for the six months ended
          June 30, 2003 and 2002                                         5

     Notes to Condensed Financial Statements (Unaudited)                 6 - 7


PART II. OTHER INFORMATION
--------------------------

  Items 1 through 5 are not applicable to the Company in this report     7

  Item 6 - Exhibits and Reports on Form 8-K                              7

  Signatures                                                             8

EXHIBIT 11 - Computation of Earnings Per Share

EXHIBIT 31 Certificate of Chief Executive Officer

EXHIBIT 31 Certificate of Chief Financial Officer

EXHIBIT 32 Certificate of Chief Executive Officer and Chief
           Financial Officer
</TABLE>

                                       2
<PAGE>
                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                June 30, 2003   December 31, 2002
                                                                -------------   -----------------
                                                                 (Unaudited)
<S>                                                             <C>             <C>
                           Assets
Current assets:
Cash                                                             $      6,253      $   237,600
Accounts receivable - trade, net                                   15,240,632       12,702,701
Inventories                                                        13,493,783       17,051,952
Deferred income taxes                                                 240,000          240,000
Prepaid expenses and other current assets                             309,590          215,987
                                                                 ------------      -----------
                                                                   29,290,258       30,448,240
                                                                 ------------      -----------
Property and equipment , net                                        4,220,519        4,175,208
                                                                 ------------      -----------

Other assets:
Goodwill, net                                                         480,498          480,498
Due from stockholders                                                 357,412          345,296
Other assets                                                          667,138          695,542
                                                                 ------------      -----------
                                                                    1,505,048        1,521,336
                                                                 ------------      -----------
                                                                 $ 35,015,825      $36,144,784
                                                                 ============      ===========
            Liabilities and Stockholders' Equity

Current liabilities:
Accounts payable, trade                                          $ 10,199,930      $10,212,291
Accrued expenses and other current liabilities                      2,733,434        2,608,466
Subordinated debenture, current portion                                83,631           84,020
Long-term indebtedness, current portion                               225,215          356,663
                                                                 ------------      -----------
                                                                   13,242,210       13,261,440
                                                                 ------------      -----------
Long-term liabilities:
Revolving line of credit                                           16,539,624       16,949,821
Subordinated debenture, non-current portion                         1,074,986        1,109,986
Long-term indebtedness, non-current portion                            58,028          110,510
Deferred rent expense                                                  11,867           30,419
                                                                 ------------      -----------
                                                                   17,684,505       18,200,736
                                                                 ------------      -----------
Stockholders' equity:
Preferred stock (authorized 2,000,000 shares, $.01 par                  3,014            3,014
value, 201,438 shares of Series A and 100,000 shares of
Series B issued and outstanding)
Common stock (authorized 30,000,000 shares, $.01 par value,            82,249           82,249
8,224,949 shares issued and outstanding at June 30, 2003
and December 31, 2002)
Additional paid-in-capital                                         15,208,441       15,208,441
Accumulated deficit                                               (10,603,993)      (9,644,606)
Accumulated other comprehensive loss                                 (545,951)        (904,340)
Stock subscription receivable                                         (54,650)         (62,150)
                                                                 ------------      -----------
                                                                    4,089,110        4,682,608
                                                                 ------------      -----------
                                                                 $ 35,015,825      $36,144,784
                                                                 ------------      -----------
</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                       3

<PAGE>
                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                           Three Months Ended June 30,        Six Months Ended June 30,
                                                             2003              2002             2003             2002
                                                          -----------      -----------      -----------      -----------
<S>                                                       <C>              <C>              <C>              <C>
Net sales                                                 $17,838,657      $20,424,405      $32,855,567      $38,068,722
Cost of sales                                              15,203,203       16,424,626       28,471,974       30,852,829
                                                          --------------------------------------------------------------
Gross profit                                                2,635,454        3,999,779        4,383,593        7,215,893
Selling, general, and administrative expenses               2,374,812        3,093,790        4,866,374        5,792,514
                                                          --------------------------------------------------------------
Income (loss) from operations                                 260,642          905,989         (482,781)       1,423,379
Other expense:
  Interest expense                                            249,247          403,415          488,088          754,243
  Other                                                        (3,688)         (14,651)         (11,482)               -
                                                          --------------------------------------------------------------
                                                              245,559          388,764          476,606          754,243
                                                          --------------------------------------------------------------

Income (loss) before provision for income taxes                15,083          517,225         (959,387)         669,136

Income tax provision                                                -                -                -                -
                                                          --------------------------------------------------------------
Net income (loss)                                         $    15,083      $   517,225      $  (959,387)     $   669,136
                                                          ==============================================================

Comprehensive income (loss) :
Net income (loss)                                         $    15,083      $   517,225      $  (959,387)     $   669,136
  Other comprehensive income (loss),
  Foreign currency translation adjustment                     290,571          137,634          358,389           92,620
                                                          --------------------------------------------------------------
Comprehensive income (loss)                               $   305,654      $   654,859      $  (600,998)     $   761,756
                                                          ==============================================================

Earnings (Loss) per share:

Basic                                                     $      0.00      $      0.06      $     (0.12)     $      0.08
Diluted                                                   $      0.00      $      0.05      $     (0.12)     $      0.06

Weighted average number of common shares outstanding:

Basic                                                       8,224,949        8,185,921        8,224,949        8,170,955
Common stock equivalents resulting from
warrants and options                                        3,979,342        2,781,181                -        3,051,294
                                                          --------------------------------------------------------------
Diluted                                                    12,204,291       10,967,102        8,224,949       11,222,249
                                                          ==============================================================
</TABLE>

     The accompanying notes are an integral part of the financial statements

                                        4
<PAGE>
                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                Six Months Ended June 30,
                                                              ----------------------------
                                                                 2003              2002
                                                              -----------      -----------
<S>                                                           <C>              <C>
Cash flows from operating activities:
Net income (loss)                                             $  (959,387)     $   669,136
Adjustments to reconcile net income (loss) to net
 cash provided by (used in) operating activities:
  Depreciation and amortization                                   572,464          687,944
  Provision for bad debts                                         169,097          169,369
  Compensation expense for stock options                                -           19,800
  Other, net                                                        7,500                -
  Changes in operating assets and liabilities:
    Accounts receivable, trade                                 (2,627,028)      (4,322,165)
    Inventories                                                 3,558,169          860,189
    Prepaid expenses and other current assets                    (246,625)        (154,760)
    Accounts payable, trade                                       (12,361)         642,356
    Accrued expenses and other current liabilities                106,415         (544,494)
                                                              -----------      -----------
Net cash provided by (used in) operating activities               568,244       (1,972,625)

Cash flows for investing activities:
  Advances on notes receivable, net                                 9,423            2,500
  Purchase of property and equipment                             (166,937)        (515,621)
                                                              -----------      -----------
Net cash used in investing activities                            (157,514)        (513,121)

Cash flows from financing activities:
  Net increase (decrease) in revolving loan indebtedness         (410,198)       1,653,234
  Net Principal payments on notes payable and
   subordinated debt                                             (219,317)        (577,405)
  Common stock issued by exercise of options and warrants               -          601,623
                                                              -----------      -----------
Net cash (used in) provided by financing activities              (629,515)       1,677,452

Effect of exchange rate changes on cash                           (12,562)          92,620

Net decrease in cash                                             (231,347)        (715,674)
Cash, beginning of period                                         237,600          976,585
                                                              -----------      -----------
Cash, end of period                                           $     6,253      $   260,911
                                                              ===========      ===========

Supplemental disclosures of cash flow information:
  Cash paid for interest                                      $   531,929      $   807,517
                                                              ===========      ===========
  Cash paid for income taxes                                  $     7,403      $         -
                                                              ===========      ===========
</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                       5
<PAGE>
                      UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)


1.   UNAUDITED INTERIM FINANCIAL STATEMENTS

Interim condensed financial statements are prepared pursuant to the requirements
for reporting on Form 10-Q. Accordingly, certain disclosures accompanying annual
financial statements prepared in accordance with generally accepted accounting
principles are omitted. For additional disclosures, see the Notes to
Consolidated Financial Statements contained in Universal Automotive Industries,
Inc. (the "Company") Annual Report on Form 10-K for the year ended December 31,
2002.

Our significant accounting policies are described in Note 2 to the Consolidated
Financial Statements contained in Universal Automotive Industries, Inc. (the
"Company") Annual Report on Form 10-K for the year ended December 31, 2002. The
application of these policies may require management to make judgments and
estimates about the amounts reflected in the financial statements. Management
uses historical experience and all available information to make these estimates
and judgments, and different amounts could be reported using different
assumptions and estimates.

In the opinion of our management, all adjustments, consisting solely of normal
recurring adjustments, necessary for the fair presentation of the financial
statements for these interim periods have been included. The current period's
results of operations are not necessarily indicative of results which ultimately
may be achieved for the year.

Certain reclassifications have been made for the period presented in the
financial statements to conform to the classifications presented in 2003.


2.   INVENTORIES

<TABLE>
<CAPTION>
                          June 30, 2003      December 31, 2002
<S>                       <C>                <C>
Finished goods             $10,598,630          $13,815,563
Work in process                519,951              510,264
Raw materials                2,375,202            2,726,125
                           -----------          -----------
                           $13,493,783          $17,051,952
                           ===========          ===========
</TABLE>


3.   BASIS OF PRESENTATION

Net Loss Per Share
Warrants and options issued by us are only included in the computation of
weighted average number of shares where their inclusion is not anti-dilutive.
For the six months ended June 30, 2003, common stock equivalents are not
included in the weighted average number of shares outstanding in determining net
loss per share.

Income Taxes
For the quarters ended June 30, 2003 and 2002, no provision for income taxes has
been provided. We believe that, consistent with accounting principles generally
accepted in the United States, it was not more likely than not that the tax
benefits associated with the balance of loss carryforwards and other deferred
tax assets will be realized through future taxable earnings or alternative tax
strategies. Accordingly, net deferred tax assets were offset with a valuation
allowance.

                                       6
<PAGE>
4.   LASALLE INDEBTEDNESS

The LaSalle Credit Agreement contains certain limitations on dividends and
capital expenditures and requires us to satisfy certain financial tests
concerning defined minimum tangible net worth and debt service coverage. At June
30, 2003, we were in compliance with all financial covenants. In addition, the
term of this Credit Agreement was extended to May 31, 2005.

5.   RECENTLY ISSUED ACCOUNTING STANDARDS

In December 2002, the FASB issued Statement of Financial Accounting Standards
("SFAS") NO. 148, Accounting for Stock-Based Compensation-Transition and
Disclosure, which (i) amends SFAS No. 123, Accounting for Stock-Based
Compensation to add two new transitional approaches when changing from
Accounting Principles Board ("APB") Opinion No. 25, Accounting for Stock Issued
to Employees intrinsic value method of accounting for stock-based employee
compensation to the SFAS No. 123 fair value method and (ii) amends ABO Opinion
No. 28 Interim Financial Reporting to call for disclosure of SFAS No. 123
pro-forma information on a quarterly basis. We have elected to adopt the
disclosure-only provisions of SFAS No. 148 and will continue to follow ABO
Opinion No. 25 and the related interpretations in accounting for the stock
options granted to our employees and directors. Accordingly, employee and
director compensation expense is recognized only for those options whose price
is less than fair market value at the measurement date.

6.   STOCK-BASED COMPENSATION

We have elected to follow APB Opinion NO. 25, Accounting for Stock Issued to
Employees, and related interpretations in accounting for the stock options
granted to employees and directors. Accordingly, employee and director
compensation expense is recognized only for those options whose price is less
than fair market value at the measurement date. We have adopted the
disclosure-only provisions of SFAS No. 123, Accounting for Stock-Based
Compensation, as amended.

Had the compensation cost for our stock options plans been determined in
accordance with SFAS No. 123, our reported earnings per share for the three
month periods ending June 30, 2003 and 2002, would differ by less than $.01 per
share from that which would have been recorded using the Black-Scholes option
valuation method.

                                       7
<PAGE>
PART II  OTHER INFORMATION

ITEMS 1 THROUGH 5 ARE NOT APPLICABLE TO THE COMPANY IN THIS REPORT.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

<TABLE>
<S>      <C>
a)  (i)  Exhibit 11 - Computation of Earnings Per Share
   (ii)  Exhibit 31(a) - Certification of Chief Executive Officer Required by
         Rule 13(a)-14(b) under the Securities Exchange Act of 1934
  (iii)  Exhibit 31(b) - Certification of Chief Financial Officer Required by
         ?Rule 13(a)-14(b) under the Securities Exchange Act of 1934
   (iv)  Exhibit 32 - Certifications Required by Rule 13(a)-14(b) under the
         Securities Exchange Act of 1934 (Sarbanes-Oxley Act of 2002,
         Section 906)
b)       The Company filed a form 8-K on May 22, 2003 wherein we reported
         information under Item 12.
</TABLE>

                                       8
<PAGE>
                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                 UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.


                                 /s/ ARVIN SCOTT
                                 ---------------
Date: December 17, 2003          Arvin Scott, Chief Executive Officer, President
                                 (Principal Executive Officer)

                                 /s/ ROBERT W. ZIMMER
                                 --------------------
                                 Robert W. Zimmer, Chief Financial Officer
                                 (Principal Financial Officer)

                                       9