**STOA** I know this one smelled for a while but new CEO was announced in Nov, and dude is cleaning house. He just uploaded all latest 10qs and 10K today or after hours.
***STOAs latest 10q highlight that interest me:
Employee Stock Option Plan (how many OTCs can you find with this)
The Company has a stock option and incentive plan, the “Stock Option Plan”. The exercise price for all equity awards issued under the Stock Option Plan is based on the fair market value of the common share
On September 30, 2014, we had negative working capital of $101,343 compared with negative working capital of $138,995 on December 31, 2013.
Service Revenue
Service Revenue was $383,821 and $366,550 for the three months ended September 30, 2014 and 2013, respectively. The increase is due to recognizing higher revenue from our customers.
Cost of Service
Cost of Service was $398,240 and $401,930 for the three months ended September 30, 2014 and 2013, respectively. The decrease was caused by lower personnel costs required for the development and hosting of e-commerce solutions for our customers.
Operating Expenses
General and administrative: General and administrative expenses were $175,435 and $253,730 for the three months ended September 30, 2014 and 2013, respectively. The decrease was caused by more effective cost management.
Net Loss
The Company had a net loss of $190,687 and $289,944 for the three months ended September 30, 2014 and 2013, respectively. The decrease in net loss was due to increased revenue and more effective cost management.
Always a good sign when more money going in and less going out! Also making revenue and having money in the bank is a plus as well lol.
Tiny O/S boys, est of 45 O/S and no clue about the float.
