With Due respect to your opinion
The CEO has not provided audited financials as promised on 11/08/2013 and the direct quote by him is provided in my post.
don't shoot the messenger for the message
Balance Sheet Get Balance Sheet for:
View: Annual Data | Quarterly Data All numbers in thousands
Period Ending May 31, 2013 May 31, 2012 May 31, 2011
Assets
Current Assets
Cash And Cash Equivalents 23 83 33
Short Term Investments - - -
Net Receivables 28 5 5
Inventory - - -
Other Current Assets 400 - 245
Total Current Assets 451 87 283
Long Term Investments - - -
Property Plant and Equipment - - -
Goodwill - - -
Intangible Assets 3,570 3,505 4,263
Accumulated Amortization 2,438 1,600 792
Other Assets - - -
Deferred Long Term Asset Charges - - -
Total Assets 4,020 3,593 4,546
Liabilities
Current Liabilities
Accounts Payable 1,492 752 232
Short/Current Long Term Debt 566 1,590 5,201
Other Current Liabilities - - -
Total Current Liabilities 2,059 2,341 5,433
Long Term Debt - - -
Other Liabilities - - -
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 2,059 2,341 5,433
Stockholders' Equity
Misc Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 54 53 45
Retained Earnings (15,827) (9,375) (5,317)
Treasury Stock - - -
Capital Surplus 17,735 10,574 4,384
Other Stockholder Equity - - -
Total Stockholder Equity 1,962 1,251 (887)
Net Tangible Assets (1,608) (2,254) (5,150)
Market Data 
Markets 
AI
