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Alias Born | 06/13/2012 |
Monday, November 30, 2015 11:00:08 AM
Cash used in investing activities totaled $791,301 for the nine months ended September 25, 2015. Net cash flows used in investing activities consists of the purchase of fixed assets of $22,257 and $254,575 in the purchase of marketable securities offset by $43,133 in proceeds from the sale of marketable securities and $1,025,000 in proceeds from the sales of five branch offices.
On September 18, 2015, the Company purchased 560 B Ordinary Shares, 2.5% interest, of TempBuddy Limited for $100,000 in cash. The investment is recorded as cost, which approximates fair value given the short period the Company has held the investment.
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