OCLS » Topics » Common Stock Purchase Warrants and Other Derivative Financial Instruments

These excerpts taken from the OCLS 10-K filed Jun 11, 2009.
Common Stock Purchase Warrants and Other Derivative Financial Instruments
 
The Company accounts for the issuance of common stock purchase warrants issued and other free standing derivative financial instruments in accordance with the provisions of EITF 00-19 “Accounting for Derivative


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OCULUS INNOVATIVE SCIENCES, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock” (“EITF 00-19”). Based on the provisions of EITF 00-19, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its freestanding derivatives, which principally consists of warrants to purchase common stock, satisfied the criteria for classification as equity instruments at March 31, 2009 and 2008.
 
Common
Stock Purchase Warrants and Other Derivative Financial
Instruments



 



The Company accounts for the issuance of common stock purchase
warrants issued and other free standing derivative financial
instruments in accordance with the provisions of
EITF 00-19
“Accounting for Derivative





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OCULUS
INNOVATIVE SCIENCES, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)


 



Financial Instruments Indexed to, and Potentially Settled in, a
Company’s Own Stock”
(“EITF 00-19”).
Based on the provisions of
EITF 00-19,
the Company classifies as equity any contracts that
(i) require physical settlement or net-share settlement or
(ii) gives the Company a choice of net-cash settlement or
settlement in its own shares (physical settlement or net-share
settlement). The Company classifies as assets or liabilities any
contracts that (i) require net-cash settlement (including a
requirement to net cash settle the contract if an event occurs
and if that event is outside the control of the Company) or
(ii) gives the counterparty a choice of net-cash settlement
or settlement in shares (physical settlement or net-share
settlement). The Company assesses classification of its
freestanding derivatives at each reporting date to determine
whether a change in classification between assets and
liabilities is required. The Company determined that its
freestanding derivatives, which principally consists of warrants
to purchase common stock, satisfied the criteria for
classification as equity instruments at March 31, 2009 and
2008.


 




These excerpts taken from the OCLS 10-K filed Jun 13, 2008.
Common Stock Purchase Warrants and Other Derivative Financial Instruments
 
The Company accounts for the issuance of common stock purchase warrants issued and other free standing derivative financial instruments in accordance with the provisions of EITF 00-19 “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock” (“EITF 00-19”). Based on the provisions of EITF 00-19, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that


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OCULUS INNOVATIVE SCIENCES, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its freestanding derivatives, which principally consists of warrants to purchase common stock satisfied the criteria for classification as equity instruments at March 31, 2008 and 2007.
 
Common
Stock Purchase Warrants and Other Derivative Financial
Instruments



 



The Company accounts for the issuance of common stock purchase
warrants issued and other free standing derivative financial
instruments in accordance with the provisions of
EITF 00-19
“Accounting for Derivative Financial Instruments Indexed
to, and Potentially Settled in, a Company’s Own Stock”
(“EITF 00-19”).
Based on the provisions of
EITF 00-19,
the Company classifies as equity any contracts that
(i) require physical settlement or net-share settlement or
(ii) gives the Company a choice of net-cash settlement or
settlement in its own shares (physical settlement or net-share
settlement). The Company classifies as assets or liabilities any
contracts that (i) require net-cash settlement (including a
requirement to net cash settle the contract if an event occurs
and if that





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OCULUS
INNOVATIVE SCIENCES, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



event is outside the control of the Company) or (ii) gives
the counterparty a choice of net-cash settlement or settlement
in shares (physical settlement or net-share settlement). The
Company assesses classification of its freestanding derivatives
at each reporting date to determine whether a change in
classification between assets and liabilities is required. The
Company determined that its freestanding derivatives, which
principally consists of warrants to purchase common stock
satisfied the criteria for classification as equity instruments
at March 31, 2008 and 2007.


 




This excerpt taken from the OCLS 10-K filed Jul 27, 2007.
Common Stock Purchase Warrants and Other Derivative Financial Instruments
 
The Company accounts for the issuance of common stock purchase warrants issued and other free standing derivative financial instruments in accordance with the provisions of EITF 00-19. Based on the provisions of EITF 00-19, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its freestanding derivatives, which principally consists of warrants to purchase common stock satisfied the criteria for classification as equity instruments at March 31, 2007 and 2006.
 
This excerpt taken from the OCLS 10-K filed Jun 20, 2007.
Common Stock Purchase Warrants and Other Derivative Financial Instruments
 
The Company accounts for the issuance of common stock purchase warrants issued and other free standing derivative financial instruments in accordance with the provisions of EITF 00-19. Based on the provisions of EITF 00-19, the Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) gives the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) gives the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that its freestanding derivatives, which principally consists of warrants to purchase common stock satisfied the criteria for classification as equity instruments at March 31, 2007 and 2006.
 
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