No, you need to re-read... note the date at the TOP of the filing:
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 53,595,010 shares of common stock, par value $.0001 per share, outstanding as of November 10, 2010 which does not include 120,000 shares of common stock held in treasury.
You aer looking at the financials that are dated 09/30/2010. That was after the reverse split but BEFORE they issued the new stock for the reverse merger.