See from the most recent 10q:
The condensed balance sheets and statements of operations of Phoenix Digital at November 30, 2007 and 2006 and for the six months then ended are as follows:
Condensed Balance Sheets
ASSETS:
|
|
2007 |
|
|
2006 |
|
Cash |
|
$ |
4,629,045 |
|
|
$ |
7,731,427 |
|
License fees receivable |
|
|
- |
|
|
|
8,850,000 |
|
Prepaid expenses |
|
|
95,000 |
|
|
|
15,000 |
|
Total assets |
|
$ |
4,724,045 |
|
|
$ |
16,596,427 |
|
LIABILITIES AND MEMBERS’ EQUITY:
Accounts payable and accrued expenses |
|
$ |
5,849,465 |
|
|
$ |
1,172,314 |
|
Income taxes payable |
|
|
11,790 |
|
|
|
- |
|
Members’ equity |
|
|
(1,137,210 |
) |
|
|
15,424,113 |
|
Total liabilities and members’ equity |
|
$ |
4,724,045 |
|
|
$ |
16,596,427 |
|