ACCT 101
posted on
Jun 10, 2014 09:40AM
ok, folks back to basics imo,
first 2 quarters, small lossses, edig made enough money in the third quarter to be " cash positive" for the 9 months.... more than making up for the first two quarters....so how much money do you think little "edig gide" needs to make to have a full year of positive earnings?????? LOL,
cmon, use your noggins, most of you have more cells,,....than the lowly plank.....partial press release below:
Third Quarter Fiscal 2014 Financial Summary:
The Company reported a net income of $698,794 or $0.00 per share, for the third quarter of fiscal 2014 compared to a net loss of $334,494 or $(0.00) per share for the prior year’s third quarter. For the third quarter of fiscal 2014 revenues totaled $1,286,367 compared to $79,072 for the third quarter of the prior year. The most recent quarter included $1,227,500 of patent license revenues with no comparable revenues for the third quarter of the prior year. Operating expenses increased to $572,573 from $472,766 for the prior year’s comparable quarter primarily due to increased patent-related legal costs associated with increased revenues.
For the nine months ended December 31, 2013 the Company reported a net income of $217,244 or $0.00 per share on revenues of $1,837,554. For the comparable nine months of the prior year the Company reported a net loss of $1,043,482 or $(0.00) per share on revenues of $336,567. The Company’s results are impacted by the timing and amount of license fees.