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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What happens after Sept. 30, 2011?

Patriot Scientific

about 13 years ago

Currently, there are no commitments by us or TPL to provide additional working capital to PDS. PDS has cash resources available to continue as a going concern at least through September 30, 2011. p10

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

During fiscal 2010 and through the date of this filing we and TPL each contributed $580,000 to fund the working capital of PDS. We expect the contributions to continue in the future due to the working capital demands of PDS.

We continue to seek capital for our business, and this additional capital may be raised through the issuance of additional preferred stock.p12