Re: Quarter results out.
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Message: Quarter results out.
For the six months ended September 30, 2011 we recognized net income before income taxes of $995,692 compared to a loss before income taxes of $622,381 for the comparable period of the prior fiscal year. Our revenues were $3,224,306 for the first six months of fiscal 2012 with $2,929,338 of patent license revenue. This compares to $750,493 for the prior year's first six months with $25,264 of patent license revenue reported. We reported reduced operating expenses totaling $772,642 in the six months ended September 30, 2011 compared to $885,997 in the comparable period prior primarily due to reduced staffing costs and non-cash stock compensation expenses
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