Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
in response to srandl's message

See from the most recent 10q:

 

The condensed balance sheets and statements of operations of Phoenix Digital at November 30, 2007 and 2006 and for the six months then ended are as follows:

Condensed Balance Sheets

ASSETS:
 
2007
   
2006
 
Cash
  $
4,629,045
    $
7,731,427
 
License fees receivable
   
-
     
8,850,000
 
Prepaid expenses
   
95,000
     
15,000
 
Total assets
  $
4,724,045
    $
16,596,427
 

LIABILITIES AND MEMBERS’ EQUITY:

Accounts payable and accrued expenses
  $
5,849,465
    $
1,172,314
 
Income taxes payable
   
11,790
     
-
 
Members’ equity
    (1,137,210 )    
15,424,113
 
Total liabilities and members’ equity
  $
4,724,045
    $
16,596,427
 
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lambertslunatics
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