Patriot Scientific

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

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10-k point of interest

Patriot Scientific

about 14 years ago

Our cash and short-term marketable securities balances increased from approximately $6,265,000 as of May 31, 2009 to approximately $10,352,000 as of May 31, 2010. We also have restricted cash balances amounting to approximately $52,000 as of May 31, 2009 and approximately $21,000 as of May 31, 2010. Total current assets increased from approximately $8,065,000 as of May 31, 2009 to approximately $13,417,000 as of May 31, 2010. Total current liabilities amounted to approximately $1,034,000 and approximately $942,000 as of May 31, 2009 and May 31, 2010, respectively. The change in our current position as of May 31, 2010 as compared with May 31, 2009 results primarily from the redemption of $6.1 million in par value of our ARS securities during the fiscal year 2010 and our note receivable issuances during the fiscal ended May 31, 2010.