Aqua Power Systems Inc (APSI)

[reader3]

They wrote it into the financials twice as "effects of acquisition".

It's the accumulated deficit of 4.4 million on page F-4, and the Cash Flow from Financing Activities on F-5. They're basically saying that the acquisition "cost" 4.4 million either because of its effect on the stock or because of a pile of one-time costs. Either way, those aren't operational costs. They're corporate, financial, related to acquisition, and they're the sole reason the quarter wasn't wildly profitable. It was profitable even with a 4.4 million negative corporate adjustment.

This is going to be so much fun.