| |
|
August 31, 2008
|
|
|
August 31, 2007
|
|
|
Revenues
|
|
|
|
|
|
|
|
Product sales and other
|
|
$ |
1,358,646 |
|
|
$ |
521,369 |
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
|
584,253 |
|
|
|
151,535 |
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
774,393 |
|
|
|
369,834 |
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative
|
|
|
1,930,805 |
|
|
|
1,958,190 |
|
|
Settlement and license expense
|
|
|
- |
|
|
|
30,000 |
|
|
Total operating expenses
|
|
|
1,930,805 |
|
|
|
1,988,190 |
|
|
Operating loss
|
|
|
(1,156,412 |
) |
|
|
(1,618,356 |
) |
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
Interest and other income
|
|
|
112,846 |
|
|
|
474,525 |
|
|
Loss on sale of assets
|
|
|
- |
|
|
|
(345 |
) |
|
Interest expense
|
|
|
(4,622 |
) |
|
|
(237 |
) |
|
Gain on sale of subsidiary interest
|
|
|
- |
|
|
|
150,000 |
|
|
Equity in earnings (loss) of affiliated companies
|
|
|
6,558,770 |
|
|
|
(1,200,542 |
) |
|
Total other income (expense), net
|
|
|
6,666,994 |
|
|
|
(576,599 |
) |
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and minority interest
|
|
|
5,510,582 |
|
|
|
(2,194,955 |
) |
|
|
|
|
|
|
|
|
|
|
Provision (benefit) for income taxes
|
|
|
2,379,705 |
|
|
|
(232,569 |
) |
|
|
|
|
|
|
|
|
|
|
Minority interest
|
|
|
(78,636 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$ |
3,209,513 |
|
|
$ |
(1,962,386 |
) |
|
|
|
|
|
|
|
|
|
|
Basic income (loss) per common share
|
|
$ |
0.01 |
|
|
$ |
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
Diluted income (loss) per common share
|
|
$ |
0.01 |
|
|
$ |
(0 |
