UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-QSB/A



AMENDMENT NO. 1

(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities exchange Act of
1934
For the quarterly period ended March 31, 2004
[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from ___________ to ___________.
Commission File Number: 33-23473
CORDIA CORPORATION
-----------------------------------------------------------------------
(Exact Name of Small Business Issuer as Specified in Its Charter)
Nevada                                 11-2917728
-------------------------------       ------------------------------------
(State or Other Jurisdiction of       (I.R.S. Employer Identification No.)
Incorporation or Organization)
2500 Silverstar Road, Suite 500, Orlando, Florida 32804
----------------------------------------------------------------------
(Address of Principal Executive Offices)
866-777-7777
---------------------------
(Issuer's Telephone Number, Including Area Code)
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or

15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
Yes [ X] No [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS

As of May 5, 2004, there were 4,531,210 shares of the issuer's common stock outstanding.
    Transitional Small Business Disclosure Format (check one):
Yes [ ] No [X]

PART I
                              FINANCIAL INFORMATIONItem 1.  Financial Statements.CORDIA CORPORATION AND SUBSIDIARIES
                                      CONDENSED CONSOLIDATED BALANCE SHEETS

March 31        December 31,

2004              2003
                                                                                   -----------       -----------
                                                                                   (Unaudited)
                                     ASSETS
 Current Assets
   Cash                                                                            $   72,387

$   111,288
   Accounts receivable, less allowance for doubtful accounts of
       $123,317 (2004) and $111,167 (2003)                                            940,878           600,840
   Prepaid expenses and other current assets                                          265,907           193,157   
   Loans receivable from affiliates

-

30,000

-----------       -----------
   TOTAL CURRENT ASSETS                                                             1,279,172           935,285
                                                                                   -----------       -----------
 Property and equipment, at cost
   Office equipment                                                                   108,616            39,759
   Less: Accumulated depreciation                                                      19,261            10,241
                                                                                   -----------       -----------
   NET PROPERTY AND EQUIPMENT                                                          89,355            29,518
                                                                                   -----------       -----------
 Other Assets
    Notes Receivable                                                                        -           595,000
    Security Deposits                                                                  49,064            77,414
                                                                                   -----------       -----------
    TOTAL OTHER ASSETS                                                                 49,064           672,414
                                                                                   -----------       -----------
   TOTAL ASSETS                                                                    $1,417,591        $1,637,217
                                                                                   ===========       ===========
                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
 Current Liabilities
   Accounts payable and accrued expenses                                           $1,992,183        $1,427,576
   Unearned income                                                                    146,406           181,763
   Loans payable to affiliates                                                         13,074             8,074
   Loans payable-other                                                                 57,000            57,000
                                                                                   -----------       -----------
   TOTAL CURRENT LIABILITIES                                                        2,208,663         1,674,413
                                                                                   -----------       -----------
 Commitments and Contingencies

Stockholders' Equity (Deficit)
   Preferred stock, $.001 par value; 5,000,000 shares authorized,
     no shares issued and outstanding                                                      -                  -
   Common stock, $.001 par value; <R>100,000,000</R> shares authorized,
      4,531,210 (2004) and  6,156,211 (2003) shares issued and outstanding              4,531             6,156
   Additional paid-in capital                                                       3,656,497         4,271,622
   Accumulated deficit                                                             (4,427,100)       (4,289,974)
                                                                                   ------------      -----------
                                                                                     (766,072)          (12,196)
   Less Treasury stock, 10,000 common shares at cost                                  (25,000)          (25,000)
                                                                                   -----------       ------------
   TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                              (791,072)          (37,196)
                                                                                   ------------       -----------
   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                            $1,417,591        $1,637,217
                                                                                   ============      ============

Note:   See notes to consolidated financial statements.

































1

CORDIA CORPORATION AND SUBSIDIARIES
                          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                            (UNAUDITED)

For the Three Months Ended
                                                                                March 31,
                                                                     -----------------------------
                                                                         2004             2003
                                                                     -----------       -----------
 Revenues
   Telecommunications revenue                                        $1,579,429           $612,592
   Other                                                                189,003             10,000
                                                                     -----------       -----------
                                                                      1,768,432            622,592
                                                                     -----------       -----------
 Operating Expenses
   Resale and wholesale line charges                                    795,770            297,191
   Payroll and payroll taxes                                            472,984            161,117
   Advertising and promotion                                            306,315             71,164
   Professional and consulting fees                                      46,496            112,762
   Depreciation                                                           9,020              1,248
   Insurance                                                             42,316             18,066
   Office expense                                                        19,770              8,578
   Telephone                                                             16,417             13,769
   Rent and building maintenance                                         37,145             13,771
   Other selling, general and administrative                            156,130             94,603
                                                                     -----------       -----------
                                                                      1,902,363            792,269
                                                                     -----------       -----------
 Operating Loss                                                        (133,931)          (169,677)
                                                                     -----------       -----------
 Other Income (Expenses)
   Gain on investments

-

2,800
   Other (expense) or income                                                 (154)             3,633                 
   Interest expense                                                      (3,041)              (337)
                                                                     -----------       -----------
                                                                         (3,195)             6,096           
                                                                     -----------       -----------
 Loss From Continuing Operations                                       (137,126)          (163,581)
                                                                     -----------       -----------
 Income (Loss) from Discontinued Operations
   Loss from operations of discontinued segments                               -          (140,726)
   Gain on disposal                                                            -         1,554,306                 
                                                                     -----------       -----------
                                                                               -         1,413,580
                                                                     -----------       -----------
 Net (Loss) Income                                                   $ (137,126)       $ 1,249,999
                                                                     ===========       ===========
 Basic and diluted (Loss) Income per share                           $    (0.03)       $     0.22
                                                                     ===========       ===========
 Weighted Average Shares Outstanding                                   5,402,639         5,722,537
                                                                     ===========       ===========

See notes to consolidated financial statements.2

CORDIA CORPORATION AND SUBSIDIARIES
                            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                              (UNAUDITED)

For the Three Months Ended
                                                                                                       March 31,
                                                                                                   2004         2003
                                                                                               -----------    ---------
Cash Flows From Operating Activities:
   Net(loss) from continuing operations                                                    $ (137,126)        $  (163,581)
   Adjustments to reconcile net (loss) to net cash
     provided(used) by operations
      (Gain) on investments                                                                         -              (2,800)            
       Compensatory stock expense                                                              42,000              60,400           
       Provision for accounts receivable                                                       12,150

43,974



Depreciation expense                                                                     9,020               1,248
       (Increase) decrease in assets:
         Accounts receivable                                                                 (352,188)           (217,528)

Other receivables

-

76,082
         Prepaid expenses and other current assets                                           (106,499)             18,105           
         Security deposits                                                                     28,350             (28,086)           
       Increase (decrease) in liabilities:
         Accounts payable                                                                     564,607             113,770                  
         Unearned income                                                                      (35,357)             95,957           
                                                                                           -----------         -----------
     Net cash provided (used) by continuing operations                                         24,957              (2,459)

Net cash (used) by discontinued operations                                                     -             (79,029)

-----------         -----------
     NET CASH PROVIDED (USED) IN OPERATING ACTIVITIES                                          24,957

(81,488)



-----------         -----------
 Cash Flows From Investing Activities:
     Decrease (increase) in other loans receivable                                                  -               1,750                  
     Purchase of property and equipment                                                       (68,858)                  -           
                                                                                           -----------        -----------
     NET CASH (USED) PROVIDED BY INVESTING ACTIVITIES                                         (68,858)              1,750            
                                                                                           -----------        -----------
 Cash Flows From Financing Activities:
     Proceeds from loans payable - other                                                         5,000                  -

Payments of loans payable - other                                                               -            (10,248)

Proceeds from sale of subscription stock

-             38,500

-----------        -----------
     
    NET CASH PROVIDED BY FINANCING ACTIVITIES                                                    5,000             28,252            
                                                                                            -----------        -----------
 Decrease in Cash                                                                              (38,901)           (51,486)

Cash, Beginning                                                                               111,288             70,243 
                                                                                           -----------        -----------
 Cash, Ending                                                                              $    72,387         $   18,757
                                                                                           ===========        ===========



Supplemental Disclosures of Cash Flow Information

Cash paid during the year for:
    Interest                                                                               $     1,632         $      337
                                                                                           ============       ===========
Non Cash Items:

Stock received by Company to satisfy:

Note receivable due of $595,000;

Accrued interest on note receivable of $33,750;

License fee payments due of $30,000

$  658,750        
                                                                                           ============3

CORDIA CORPORATION AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                 March 31, 2004

Unaudited
Note 1: Basis of Presentation
Our unaudited condensed financial statements have been prepared in accordance with the instructions to Form 10-QSB and do not include all of the information and disclosures required by accounting principals generally accepted in the United States of America. Therefore, these financial statements should be read in conjunction with the financial statements and related footnotes included in our Annual Report on Form 10-KSB for the most recent year-end. These financial statements reflect all adjustments that are, in the opinion of management, necessary to fairly state the results for the interim periods reported. The results of operations for the three-month period ended March 31, 2004 are not necessarily indicative of the results to be expected for the full year. 
The consolidated financial statements include our accounts and the accounts of Cordia Communications Corp. for the years ended December 31, 2003 and for the three months ended March 31, 2004 and 2003. The consolidated financial statements also include the accounts of its discontinued business ISG Group, Inc. ("ISG") and its subsidiaries (Universal Recoveries, Inc. and U.L.A.E., Inc., both wholly-owned) for the period January 1, 2003 through March 3, 2003 (date of disposal). All material intercompany balances and transactions have been eliminated. 
Note 2: Investments
Cordia did not have any investments to report at March 31, 2004 and December 31, 2003.  Cordia did, however, hold common shares of eLEC Communications Corp. (eLEC) during fiscal year 2003 which were sold prior to December 31, 2003. All investments are classified as trading securities and accordingly, stated at fair value, which is based on market quotes.  Adjustments to fair value of the equity securities are recorded as an increase or decrease in investment income in the accompanying statement of operations.



The cost of securities sold is based on the specific identification method.  The following is a reconciliation of gain on investments from continuing operations during the three-month period ended March 31, 2003.



­



Net change in unrealized (losses)

$     -

Realized gain (losses)

2,800

-------

Total

$ 2,800

=======





NOTE 3: Sale of Business Segments

On March 3, 2003, Cordia sold its equity interests in Insurance Subrogation Group, Inc. (ISG) to West Lane Group Inc., a company owned by the then current management of ISG for a purchase price of $750,000.  The purchase price was represented by a two-year promissory note, which bore interest at a rate of 6% per annum and was secured by 700,000 shares of Cordia’s stock owned by West Lane.  Cordia also entered into a licensing and services agreement with ISG whereby ISG purchased an unlimited license to SUBRO AGS software.  Upon execution of the licensing and services agreement, ISG paid Cordia $100,000 and pursuant to the terms of the agreement agreed to make monthly payments of $6,000 (including interest) for a twenty-five (25) month period in exchange for Cordia’s agreement to provide software updates and maintenance as necessary during this period.





The following is a summary of the sale transaction of ISG (unaudited):
             Assets sold                                             $ (872,726)
             Liabilities sold                                         1,615,335
             Note received                                              750,000
             Write-off of inter-company receivables and payables         61,697

---------             Gain on sale, before income taxes                       $1,554,306========== 
As a result of the sale of ISG, employee stock options to purchase 83,000 of the Company’s common shares at $7.50 per share expired. 4

CORDIA CORPORATION AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                 March 31, 2004

Unaudited
Note 3: Sale of Business Segments (cont'd)
The following is a summary of the revenues and loss from operations of the discontinued business segments:





Three months ended March 31,----------------------------                                                      2004            2003---------       ----------            Revenues:
            Subrogation Service Revenue, net       $       -       $  631,361
            Claims Administration income                   -          197,667
            Other                                          -                ----------       ----------            Total Revenues:                        $       -       $  829,028=========       ==========            Loss before income taxes               $       -      $  (140,726)=========       ==========



On February 6, 2004, Cordia entered into a Mutual Release and Satisfaction of Promissory Note and License Agreement whereby Cordia agreed to release West Lane of its payment obligations under the promissory note and licensing agreement in exchange for the return of 1,412,500 shares of Cordia’s Common Stock, a fifteen (15) month option to purchase 100,000 shares at a price of forty cents ($0.40) per share and the release of Cordia’s service obligations under the License Agreement.  In addition to Cordia’s release of West Lane, Cordia will transfer all ownership interest to the technology and source code of SUBRO AGS software to West Lane.  The 1,412,501 shares were cancelled upon transfer to Cordia.  As a result, Cordia’s outstanding shares were reduced to 4,431,210.



Note 4: Commitments
As of March 31, 2004, we leased property at the following two locations: (1) approximately 2,840 square feet of office space for our offices in White Plains, New York at a rental price of $4,970 per month plus utilities for a term of five years, expiring December 31, 2008, with an increase in rent in years three and four and (2) approximately 4,000 square feet at our executive offices in Orlando, Florida at a rental price of $3,301.50 per month plus utilities on a month to month basis. We believe our existing facilities are sufficient for our current operations. 5