So we can compare results in the next quarter (END OF YEAR) against these numbers and see just how much our Quality Name Brand had progressed. oldmanbadman rdncoic
Our net income was $347,275 or $0.002 per share for the 2014 nine-month period compared to a net income of $169,607 or $0.001 per share for the 2013 nine-month period. The increase in net operating income for the 2014 nine-month period was a result of an increase in royalty revenue and the settlement award from a lawsuit.
Net income per share data for both the 2014 nine-month period and the 2013 nine-month period is based on net income available to common shareholders divided by the weighted average of the number of common shares outstanding.
Liquidity and Capital Resources
Cash:
At September 30, 2014, we had $99,091 in cash and cash equivalents compared to $4,522 in cash and cash equivalents at December 31, 2013.