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Wednesday, January 17, 2007 11:50:02 AM
VYTA CORP(VYTC)
The accompanying condensed consolidated financial statements include the
accounts of Vyta Corp, a Nevada corporation (the Company), its wholly-owned
subsidiaries, NanoPierce Connection Systems, Inc., a Nevada corporation (NCOS),
and ExypnoTech, LLC (ET LLC). All significant intercompany accounts and
transactions have been eliminated in consolidation. NCOS and ET LLC had no
revenues or operations in 2006 and 2005. The Company has two investments which
are accounted for using the equity method of accounting. These equity method
investments consist of ExypnoTech, GmbH (EPT) and BioAgra, LLC (BioAgra)(Note
3). The Company's equity investees, EPT and BioAgra, operate in two segments,
the RFID industry and the animal feed industry, respectively.
Oustanding shares almost quardrupled from around 6MM to around 23MM in one year, so dilution is fully in place.
http://app.quotemedia.com/quotetools/showFiling.go?name=Vyta Corp: 10QSB, Sub-Doc 1&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frepo%3Dtenk%26ipage%3D4503708%26doc%3D1&type=TEXT
Have fun,
Phil
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