| |
|
|
August 31,
2008
|
|
|
May 31,
2008
|
|
| |
Cash
|
|
$ |
8,962,235 |
|
|
$ |
8,260,288 |
|
| |
Total assets
|
|
$ |
8,962,235 |
|
|
$ |
8,260,288 |
|
LIABILITIES AND MEMBERS’ EQUITY:
| |
|
|
August 31,
2008
|
|
|
May 31,
2008
|
|
| |
Accounts payable and accrued expenses
|
|
$ |
2,366,859 |
|
|
$ |
3,204,519 |
|
| |
Income taxes payable
|
|
|
11,790 |
|
|
|
11,790 |
|
| |
Members’ equity
|
|
|
6,583,586 |
|
|
|
5,043,979 |
|
| |
Total liabilities and members’ equity
|
|
$ |
8,962,235 |
|
|
$ |
8,260,288 |
|
Condensed Statements of Operations
| |
|
|
Three Months Ended
August 31,
|
|
| |
|
|
2008
|
|
|
2007
|
|
| |
Revenues
|
|
$ |
16,275,000 |
|
|
$ |
1,500,000 |
|
| |
Operating expenses
|
|
|
1,942,560 |
|
|
|
3,966,543 |
|
| |
Operating income (loss)
|
|
|
14,332,440 |
|
|
|
(2,466,543 |
) |
| |
Interest income
|
|
|
28,639 |
|
|
|
65,460 |
|
| |
Net income (loss)
|
|
$ |
14,361,079 |
|
|
$ |
(2,401,083 |
) |
Talis Data Systems, LLC
