MATH » Topics » Accounting and Reporting by Development Stage Enterprises

This excerpt taken from the MATH 10-Q filed May 15, 2006.
Accounting and Reporting by Development Stage Enterprises.

 

The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has a limited operating history and has incurred losses and negative cash flows from operations since inception. The Company expects to incur additional losses at least through 2006.

 

In November 2005, the Company closed on its initial public offering of 4,000 shares of its common stock at $6.00 per share and, in December 2005, the Company closed on the underwriter’s overallotment option of 600 shares of the Company’s common stock at $6.00 per share, resulting in net proceeds to the Company of approximately $24,633.

 

Certain prior year amounts have been reclassified to conform to the current year presentation. These changes had no impact on previously reported results of operations or shareholders’ equity.

 

This excerpt taken from the MATH 10-K filed Mar 31, 2006.
Accounting and Reporting by Development Stage Enterprises.

In November 2005, the Company closed on its initial public offering of 4,000 shares of its common stock at $6.00 per share and in December 2005 the Company closed on the underwriter’s overallotment option of 600 shares of the Company’s common stock at $6.00 per share, resulting in net proceeds to the Company of $24,633.

The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has a limited operating history and has incurred losses and negative cash flows from operations since inception. The Company expects to incur additional losses and will require additional funding to continue its operations. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to seek additional equity financing during 2006. However, there can be no assurance that such additional funding will be available on terms acceptable to the Company or at all.

This excerpt taken from the MATH 10-Q filed Nov 23, 2005.
Accounting and Reporting by Development Stage Enterprises.

 

The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.  The Company has a limited operating history and has incurred losses and negative cash flows from operations since inception.  The Company expects to incur additional losses at least through 2005.

 

On November 1, 2005, the Company closed on its initial public offering of 4,000,000 shares of its common stock at $6.00 per share, resulting in net proceeds to the Company of approximately $22,100.

 

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This excerpt taken from the MATH 10-Q filed Nov 22, 2005.
Accounting and Reporting by Development Stage Enterprises.

 

The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.  The Company has a limited operating history and has incurred losses and negative cash flows from operations since inception.  The Company expects to incur additional losses at least through 2005.

 

On November 1, 2005, the Company closed on its initial public offering of 4,000,000 shares of its common stock at $6.00 per share, resulting in net proceeds to the Company of approximately $22,100.

 

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