Is true earnings really 3 cents? I think it will be 1.5 cents if 285 is used instead of 620.
Operating income (loss) : 285 Non-operating income (expense), net: 335 Net income (loss) before income taxes: 620
Non-Operating Income (Expense)
The most significant component of our non-operating income (expense) was a non-cash gain of $348,000 and $618,000 during the three and nine months ended September 30, 2011, respectively, to reflect the decreased fair value of our stock option liability. Similarly, the most significant component of our non-operating income (expense) during both the three and nine months ended September 30, 2010 was a $232,000 non-cash loss related to the increased fair value of our stock option liability. See “Note 9 – Fair Value” in Part I, Item 1 of this Form 10-Q. Generally, we will report a non-cash gain during any accounting period in which there is a reported decrease in the value of our common stock, and a non-cash loss during any accounting period in which there is a reported increase in the value of our common stock as quoted on the OTC Bulletin Board.
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