PRAN » Topics » Roll forward analysis of shareholders equity under U.S. GAAP

This excerpt taken from the PRAN 6-K filed Mar 28, 2008.

Roll forward analysis of shareholders’ equity under U.S. GAAP

Certain adjustments recorded directly to total equity differ in classification when applying A-IFRS and U.S. GAAP. These classification differences do not result in a difference between total equity when prepared under both A-IFRS and U.S. GAAP. The classification differences are described below.

December 31,
2007
2006
 
Balance in accordance with U.S. GAAP, beginning of period           5,612,195    7,800,658  
   Issuance of shares in connection with private placement,  
   net of issue costs         6,496,404    6,114,195  
   Issuance of options in connection with private placement         1,439,305    1,262,339  
   Issuance of options to consultants for services rendered    (a)    176,433    -  
   Issuance of options to employees and directors for  
   services rendered    (a)    155,679    645,719  
   Proposed issuance of options to employees and directors  
   for services rendered    (a)    1,568,951    -  
   Proposed issuance of shares to consultants for services  
   rendered    (a)    151,323    -  
   Issuance of shares to consultants and directors for  
   services rendered, net of issue costs    (a)    88,971    135,425  
Net loss in accordance with U.S. GAAP         (10,092,550 )  (7,795,613 )


Balance in accordance with U.S. GAAP, end of period         5,596,711    8,162,723  



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Note 12: Reconciliation to U.S. GAAP continued

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