Odds...i thought you made your DD? 10Q 2010: On January 15, 2010, Resource Protection Systems GmbH, a corporation organized under the laws of Germany, (“ RPS ”) and wholly-owned subsidiary of the Company, purchased 80% of the issued and outstanding stock of Newview S.L., a company organized under the laws of Spain (“ Newview ”). The transaction is accounted for as entities under common control. As the transaction combines two commonly controlled entities that historically have not been presented together, the resulting financial statements are, in effect, considered those of a different reporting entity. This results in a change in reporting entity, which requires retrospectively combining the entities for all periods presented as if the combination had been in effect since inception of common control. The financial information of previously separate entities, prior to the acquisition date, is now shown as combined. The assets and liabilities of the combined entities are shown at historical cost. Accordingly, the December 31, 2009 balance sheet includes the audited balances of the Company and RPS and the unaudited balance sheet of Newview. As a result, the accompanying December 31, 2009 balance sheet has been indicated as unaudited.
Give it a chance, Odds.
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