Just curious why nobody thought the following was worth discussing
posted on
Jan 15, 2011 07:45PM
November 30, 2010
|
May 31, 2010
|
|||||||
Cash and cash equivalents
|
$ | 325,442 | $ | 779,932 | ||||
Prepaid expenses
|
100,000 | 25,000 | ||||||
Licenses receivable
|
- | 2,000,000 | ||||||
Total assets
|
$ | 425,442 | $ | 2,804,932 |
November 30, 2010
|
May 31, 2010
|
|||||||
Related party payables and accrued expenses
|
$ | 2,361,861 | $ | 1,777,884 | ||||
LLC tax payable
|
- | 11,790 | ||||||
Members’ equity (deficit)
|
(1,936,419 | ) | 1,015,258 | |||||
Total liabilities and members’ equity (deficit)
|
$ | 425,442 | $ | 2,804,932 |
You all have a nice weekend. We can discuss it on Monday.