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MOBIFORM SOFTWARE, INC.
 
TS OF OPERATIONS [UNAUDITED]
 
 
 
See the accompanying notes to financial statements.
MOBIFORM SOFTWARE, INC.
 
STATEMENTS OF OPERATIONS [UNAUDITED]
 
   
For the Three Months Ended
   
For the Six Months Ended
 
   
April 30,
   
April 30,
 
   
2011
   
2010
   
2011
   
2010
 
                         
Revenue
  $ 101,389     $ 171,257     $ 511,921     $ 518,280  
                                 
Operating Expenses
                               
Payroll Expenses
    177,131       157,241       333,195       304,265  
Consulting Fees - Share Based
    --       16,056       1,459       59,904  
Professional Fees
    35,934       39,602       49,662       49,864  
Advertising
    25,607       4,504       29,661       12,564  
Depreciation and Amortization
    3,485       3,375       6,969       6,534  
Consulting Fees
    1,765       16,787       24,178       28,715  
Office
    7,429       3,356       11,898       6,742  
Rent
    10,054       6,621       19,443       13,242  
Telephone and Communication
    2,579       2,771       5,524       6,071  
Other
    7,553       11,914       20,476       21,831  
Total Operating Expenses
    271,537       262,227       502,465       509,732  
                                 
Operating Income (Loss)
    (170,148 )     (90,970 )     9,456       8,548  
                                 
Other  Expenses
                               
Interest Expense
    (1,008 )     (1,008 )     (2,017 )     (2,017 )
Interest Expense - Related Party
    (2,016 )     (2,016 )     (4,032 )     (4,032 )
Total Other  Expenses
    (3,024 )     (3,024 )     (6,049 )     (6,049 )
                                 
Income (Loss) Before Income Taxes
    (173,172 )     (93,994 )     3,407       2,499  
                                 
Provision for Income Taxes
    --       --       --       --  
                                 
Net Income (Loss)
  $ (173,172 )   $ (93,994 )   $ 3,407     $ 2,499  
                                 
Net Income (Loss) Per Common Share - Basic and Diluted
  $ (0.01 )   $ --     $ --     $ --  
                                 
Weighted-Average Common Shares Outstanding - Basic and Diluted
    24,586,672       24,573,305       24,586,672       24,498,719  
 
 



Mobiform Software Reports Profitable Quarter
==========================================

Marketwire - Mar 14 at 17:00

Company Symbols: NASDAQ-OTCBB:MOBS
 

CRYSTAL RIVER, FL -- (MARKET WIRE) -- 03/14/11 -- Mobiform Software Inc. (OTCBB: MOBS), a software developer that enables the visualization of real time data, today announced the continuance of its growth achieved in 2010.

Revenue for the quarter was $410,532, an 18% increase over $347,023 for the same period last year. Net income nearly doubled, from $96,493 in Q1 of 2010, to $176,579 for the quarter just closed resulting in a modest net income per share for the first time since Mobiform's inception.

Allen Ronald DeSerranno, President & CEO, said, "We are pleased with our success to date, and appreciate the continued support of our valued shareholders. As our products are deployed and accepted in the marketplace, we anticipate that the company's growth and prosperity will continue. While the bulk of this increase was in technology licensing, we are seeing an uptake in our HMI (Human Machine Interface) and SCADA (Supervisory Control and Data Acquisition) business, and believe this will become our primary source of revenue in time."

Mobiform specializes in the compelling visualization of real-time data and has produced exceptional data visualization solutions for manufacturing, power & utilities, automation, and other fields of business making use of HMI and SCADA software products. Mobiform leverages Silverlight, Windows Presentation Foundation and Windows Azure by Microsoft in the development of its products.

   Mobiform PR Contact: Kathleen O'Keefe Mobiform Software Inc. Tel: (352) 564-9610 kokeefe@mobiform.com  

Source: Mobiform Software, Inc.
 

MOBS..  $0.0408  Mobiform Software

Mobiform Software, Inc. (Mobiform) is engaged in the business of developing graphics authoring products that enable software developers and designers to visually build documents and have them automatically converted into Extensible Application Markup Language (XAML). The Company has created a graphical designer that allows Internet and software developers to design two-dimensional (2D) and, in time three-dimensional (3D) documents. This software application is named Aurora and serves as the core of its intellectual property. It specializes in visualization of real-time data. Mobiform has produced data visualization solutions for manufacturing, power and utilities, automation and other fields of business making use of Human Machine Interface (HMI) and Supervisory Control and Data Acquisition (SCADA) software products. During the fiscal year ended October 31, 2009 (fiscal 2009), the Company focused on presenting and demonstrating the industrial applications of its Aurora software.
 
 
Headquarters: 1255 N Vantage Pt. Dr.
Suite A
Crystal River, FL 34429
Web Address:
http://www.mobiform.com

SHAREHOLDER LETTER..

Dear Valued Shareholders,
 
  Mobiform would like to thank you for your continued support and would like to provide you with this update on the performance of the company.
Our revenue for the 9 month period ending 7/31/10 was $655,373, up from $67,177 for the same period in 2009.
2010 has been an encouraging year in terms of growth, and we hope to see continued growth in 2011. 
  

 

MOBIFORM SOFTWARE, INC.
CONSOLIDATED BALANCE SHEETS

 
   
July 31,
   
October 31,
 
   
2010
   
2009
 
   
(Unaudited)
       
Assets
           
Current Assets
           
Cash and Cash Equivalents
  $ 122,656     $ 14,966  
Accounts Receivable - Net
    77,273       9,920  
Prepaid Expenses
    3,080       47,801  
Total Current Assets
    203,009       72,687  
                 
Property and Equipment - Net
    31,578       32,768  
                 
Other Assets
               
Security Deposits
    3,650       3,650  
                 
Total Assets
  $ 238,237     $ 109,105  
                 
Liabilities and Stockholders' Deficit
               
Current Liabilities
               
Convertible Notes Payable
  $ 50,000     $ 50,000  
Notes Payable - Related Party
    100,000       50,000  
Accounts Payable and Accrued Liabilities
    93,394       110,479  
Deferred Revenue
    185,607       5,833  
Common Share Liability
    --       29,250  
Total Current Liabilities
    429,001       245,562  
                 
Commitments and Contingencies
    --       --  
                 
Stockholders' Deficit
               
Preferred Stock, $0.0001 Par Value, 5,000,000 Shares
               
Authorized and Unissued
    --       --  
Common Stock, $0.0001 Par Value; 100,000,000 Shares
               
       Authorized; Shares Issued and Outstanding, 24,586,672
               
at July 31, 2010 and 24,410,656 at October 31, 2009
    2,459       2,441  
Additional Paid in Capital
    7,097,811       7,036,413  
Accumulated Deficit
    (7,291,034 )     (7,175,311 )
Total Stockholders' Deficit
    (190,764 )     (136,457 )
                 
Total Liabilities and Stockholders' Deficit
  $ 238,237     $ 109,105  
 
See the accompanying notes to consolidated financial statements.
 
 
MOBIFORM SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS [UNAUDITED]

 
   
For the Three Months Ended
   
For the Nine Months Ended
 
   
July 31,
   
July 31,
 
   
2010
   
2009
   
2010
   
2009
 
                         
Revenue
  $ 137,093     $ 19,350     $ 655,373     $ 67,177  
                                 
Operating Expenses
                               
Payroll Expenses
    145,402       146,356       449,667       448,759  
Compensation - Share Based
    --       8,659       --       63,336  
Consulting Fees - Share Based
    11,838       6,326       71,742       6,326  
Professional Fees
    34,957       30,827       84,821       130,619  
Advertising
    17,244       3,585       29,808       36,950  
Depreciation and Amortization
    3,393       4,580       9,927       16,175  
Consulting Fees
    16,082       13,708       44,797       42,175  
Office
    2,161       1,594       8,903       12,547  
Rent
    6,533       8,913       19,775       33,985  
Telephone and Communication
    3,182       2,715       9,253       8,799  
Other
    11,499       7,204       33,330       26,505  
Total Operating Expenses
    252,291       234,467       762,023       826,176  
                                 
Operating Loss
    (115,198 )     (215,117 )     (106,650 )     (758,999 )
                                 
Other Income (Expenses)
                               
Interest Income
    --       1,034       --       6,246  
Interest Expense
    (1,008 )     (1,008 )     (3,024 )     (3,485 )
Interest Expense - Related Party
    (2,016 )     -       (6,049 )     -  
Loss on Sale of Asset
            (27,363 )             (27,363 )
   Gain from Derecognition of Common Share Liability
    -       -       -       400,000  
Total Other Income (Expenses)
    (3,024 )     (27,337 )     (9,073 )     375,398  
                                 
Loss Before Income Taxes
    (118,222 )     (242,454 )     (115,723 )     (383,601 )
                                 
Provision for Income Taxes
    --       --       --       --  
                                 
Net Loss
  $ (118,222 )   $ (242,454 )   $ (115,723 )   $ (383,601 )
                                 
Net Loss Per Common Share - Basic and Diluted
  $ --     $ (0.01 )   $ --     $ (0.02 )
                                 
Weighted-Average Common Shares Outstanding - Basic and Diluted
    24,586,672       23,760,391       24,528,359       23,709,262  

 

 

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PostSubject
#201   B-Scada part of this: linuspop 10/04/16 12:24:54 PM
#200   There is a lot of money out there MrT11 07/26/16 10:51:13 AM
#199   Yeah, certainly the big players have the brand-name linuspop 06/17/16 11:50:27 AM
#198   $SCDA - did a webinar with B-Scada to tbirdman 06/16/16 07:56:47 PM
#197   http://www.scada.com/News SCDA reported a loss with a decline in linuspop 06/16/16 06:46:30 PM
#196   SCDA one for 10 reverse split effective May 2,2016: Renee 05/05/16 09:16:49 AM
#195   Imo, the sub 20 cent stock was hindering linuspop 05/03/16 08:53:14 PM
#194   Up list to the Nasdaq? This is very MrT11 05/03/16 06:16:56 PM
#193   I am kind of kicking my self for MrT11 03/20/16 04:48:44 PM
#192   Thats what it sounds like to me. They linuspop 03/17/16 02:07:54 PM
#191   Sounds like they might go pink? MrT11 03/16/16 11:24:59 PM
#190   I agree. Partnerships and improvement in the product linuspop 03/04/16 06:46:42 PM
#189   They need some new signed contracts hopefully soon. MrT11 03/04/16 06:17:32 PM
#188   B-Scada Releases Status Device Cloud for Microsoft Azure linuspop 02/25/16 08:20:11 AM
#187   B-Scada Enters Industrial IoT and Smart City Cloud linuspop 02/10/16 09:57:56 AM
#186   Annual report, a good read: linuspop 01/29/16 09:50:21 AM
#185   If I remember right the last time yorkmont MrT11 01/21/16 10:11:48 PM
#184   8-K out. linuspop 01/13/16 04:56:56 PM
#183   Yeah, its been a disappointing year for revenue linuspop 12/28/15 09:22:06 PM
#182   Not as bad as i thought it might be. MrT11 12/28/15 05:20:47 PM
#181   B-Scada Group Releases Preliminary Unaudited 2015 Financials and Guidance linuspop 12/28/15 01:07:19 PM
#180   B-Scada Software Used to Facilitate Eco-Friendly Electric Power linuspop 12/10/15 04:52:21 PM
#179   It would be great if B Scada could linuspop 10/21/15 12:07:53 AM
#178   I agree! Great point! That is one thing Sunny0409 10/20/15 04:30:19 PM
#177   Agreed. Hoping that staying ahead of the curve linuspop 10/20/15 04:15:57 PM
#176   I love to see that B-Scada SCDA is Sunny0409 10/20/15 04:03:22 PM
#175   From Wikipedia.. WOW MrT11 10/13/15 01:14:07 PM
#174   https://en.wikipedia.org/wiki/B-Scada linuspop 10/09/15 09:08:35 PM
#173   I am liking the recent news flow. Things linuspop 10/06/15 10:27:11 AM
#172   I think this is a new partnership: http://m2mworldnews.com/2015/09/16/60306-libelium-adds-new-cloud- linuspop 09/30/15 09:43:58 PM
#171   B-Scada Continues to Expand Presence in Asia linuspop 09/30/15 09:53:33 AM
#170   B Scada should certainly ride the wave of linuspop 09/28/15 09:27:37 PM
#169   I think this applies to SCDA sector. MrT11 09/28/15 01:33:28 PM
#168   What I like about B-Scada is they can MrT11 09/22/15 04:41:55 PM
#167   Leading Manufacturer Deploys B-Scada’s Software for Business Process Management linuspop 09/22/15 09:05:48 AM
#166   No surprise that Q2 was weak and Q3 linuspop 09/16/15 06:13:24 PM
#165   SCDA 0.24 I am not to worried about MrT11 09/16/15 03:59:56 PM
#164   B-Scada Issues Commentary on 10Q Results and New linuspop 09/16/15 09:37:03 AM
#163   One would hope/think it would be a good linuspop 09/03/15 04:46:13 PM
#162   eventually scale system to monitor 200 offices.. That MrT11 09/03/15 04:12:09 PM
#161   While losses and increased expenses arent good and linuspop 08/20/15 01:49:09 PM
#160   B-Scada Group Releases Preliminary Q3 Financials – IoT MrT11 08/20/15 09:45:55 AM
#159   Your right. Thanks for clearing that up. MrT11 08/19/15 10:06:04 AM
#158   I believe this contract has been ongoing (so linuspop 08/18/15 01:38:32 PM
#157   Another really good sale! MrT11 08/18/15 12:11:47 PM
#156   There may be one possible angle w/ VZ linuspop 08/12/15 02:26:06 PM
#155   I wonder if they can do the same MrT11 08/12/15 02:07:08 PM
#154   I agree and was wondering the value as linuspop 08/10/15 12:04:36 AM
#153   This looks like a good sale. I wonder MrT11 08/09/15 11:55:10 PM
#152   Nice to see some recent news regarding Status linuspop 06/23/15 10:08:54 AM
PostSubject