That $1.3 million would come in handy right now.
I'm more concerned about the draining of PDS's balance sheet
| |
|
August 31, 2009
|
|
|
May 31, 2009
|
|
|
|
Cash and cash equivalents
|
|
$ |
81,419 |
|
|
$ |
1,343,582 |
|
|
Licenses receivable
|
|
|
- |
|
|
|
6,148,750 |
|
|
Total assets
|
|
$ |
81,419 |
|
|
$ |
7,492,332 |
|
| |
|
August 31, 2009
|
|
May 31, 2009
|
|
|
Accounts payable
|
|
$ |
1,896,242 |
|
|
$ |
1,487,799 |
|
|
Members’ equity (deficit)
|
|
|
(1,814,823 |
) |
|
|
6,004,533 |
|
|
Total liabilities and members’ equity (deficit)
|
|
$ |
81,419 |
|
|
$ |
7,492,332 |
|
| |
|
Three Months Ended
August 31,
|
|
| |
|
2009
|
|
|
2008
|
|
|
Revenues
|
|
$ |
2,327,655 |
|
|
$ |
16,275,000 |
|
|
Operating expenses
|
|
|
2,813,664 |
|
|
|
1,942,560 |
|
|
Operating income (loss)
|
|
|
(486,009 |
) |
|
|
14,332,440 |
|
|
Interest income
|
|
|
307 |
|
|
|
28,639 |
|
|
Net income (loss)
|
|
$ |
(485,702 |
) |
|
$ |
14,361,079 |
|
