Message: 10Q out
|
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
|
|||||||
|
For the three months ended
|
For the nine months ended
|
|||||||||||||||
|
December 31,
|
December 31,
|
|||||||||||||||
| 2008 |
2007
|
2008 |
2007
|
|||||||||||||
| $ |
(as restated)
$
|
$
|
(as restated)
$
|
|||||||||||||
|
Revenues:
|
||||||||||||||||
|
Products
|
120,463 | 1,006,485 | 356,444 | 4,304,197 | ||||||||||||
|
Services
|
135,570 | 184,362 | 451,746 | 507,065 | ||||||||||||
|
Patent license
|
3,650,000 | - | 5,250,000 | - | ||||||||||||
| 3,906,033 | 1,190,847 | 6,058,190 | 4,811,262 | |||||||||||||
|
Cost of revenues:
|
||||||||||||||||
|
Products
|
96,334 | 748,529 | 303,793 | 3,455,058 | ||||||||||||
|
Services
|
57,230 | 45,967 | 169,438 | 116,340 | ||||||||||||
|
Patent license
|
1,465,919 | - | 2,027,245 | - | ||||||||||||
| 1,619,483 | 794,496 | 2,500,476 | 3,571,398 | |||||||||||||
|
Gross profit
|
2,286,550 | 396,351 | 3,557,714 | 1,239,864 | ||||||||||||
|
Operating expenses:
|
||||||||||||||||
|
Selling and administrative
|
576,997 | 484,252 | 1,743,389 | 1,427,344 | ||||||||||||
|
Research and related expenditures
|
111,922 | 243,345 | 387,672 | 739,592 | ||||||||||||
|
Total operating expenses
|
688,919 | 727,597 | 2,131,061 | 2,166,936 | ||||||||||||
|
Operating income (loss)
|
1,597,631 | (331,246 | ) | 1,426,653 | (927,072 | ) | ||||||||||
|
Other income (expense):
|
||||||||||||||||
|
Interest expense
|
(38,717 | ) | (56,115 | ) | (129,425 | ) | (187,783 | ) | ||||||||
|
Other income and expense
|
(11,119 | ) | (10,010 | ) | (183,473 | ) | (33,662 | ) | ||||||||
|
Other income (expense)
|
(49,836 | ) | (66,125 | ) | (312,898 | ) | (221,445 | ) | ||||||||
|
Income (loss) before provision for income taxes
|
1,547,795 | (397,371 | ) | 1,113,755 | (1,148,517 | ) | ||||||||||
|
Provision for income taxes
|
- | - | (264,000 | ) | - | |||||||||||
|
Income (loss) for the period
|
1,547,795 | (397,371 | ) | 849,755 | (1,148,517 | ) | ||||||||||
|
Accrued and deemed dividends on preferred stock
|
(43,284 | ) | (27,225 | ) | (87,978 | ) | (81,975 | ) | ||||||||
|
Income (loss) attributable to common stockholders
|
1,504,511 | (424,596 | ) | 761,777 | (1,230,492 | ) | ||||||||||
|
Income (loss) per common share - basic and diluted
|
0.01 | (0.00 | ) | 0.00 | (0.00 | ) | ||||||||||
|
Weighted average common shares outstanding
|
||||||||||||||||
|
Basic
|
279,143,996 | 249,097,860 | 276,916,733 | 246,631,374 | ||||||||||||
|
Diluted
|
281,454,506 | 249,097,860 | 277,912,376 | 246,631,374 |
See notes to interim consolidated financial statements
4 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply