ARBX » Topics » Accretion of Preferred Stock Issuance Costs

This excerpt taken from the ARBX 10-K filed Nov 9, 2006.

Accretion of Preferred Stock Issuance Costs

The Company incurred approximately $116,000, $0 and $0 of issuance costs during the years 2003, 2004 and 2005, respectively, in connection with the issuance of various classes of its preferred stock. Such costs have been recorded as a reduction of the carrying amount of the preferred stock and were being accreted through a charge to additional paid-in capital up to the date of their conversion using the effective interest method.

This excerpt taken from the ARBX 10-K filed Mar 14, 2006.

Accretion of Preferred Stock Issuance Costs

The Company incurred approximately $116,000, $0 and $0 of issuance costs during the years 2003, 2004 and 2005, respectively, in connection with the issuance of various classes of its preferred stock. Such costs have been recorded as a reduction of the carrying amount of the preferred stock and were being accreted through a charge to additional paid-in capital up to the date of their conversion using the effective interest method.

This excerpt taken from the ARBX 10-K filed Mar 31, 2005.

Accretion of Preferred Stock Issuance Costs

 

The Company incurred approximately $0, $116,000 and $0 of issuance costs during the years 2002, 2003 and 2004 respectively, in connection with the issuance of various classes of its preferred stock. Such costs have been recorded as a reduction of the carrying amount of the preferred stock and were being accreted through a charge to additional paid-in capital up to the date of their conversion using the effective interest method.

 

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