| Quarterly Results |
| 11. |
QUARTERLY RESULTS (UNAUDITED) |
The following table sets forth unaudited financial data for each of our last eight fiscal quarters:
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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Year Ended October 31, 2011:
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Statement of Operations Data:
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Net revenue
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$ |
16,958 |
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$ |
86,915 |
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$ |
450,360 |
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$ |
448,960 |
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Cost and operating expenses
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1,543,096 |
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1,374,469 |
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1,658,018 |
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1,455,876 |
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Net loss
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(1,526,109 |
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(1,287,040 |
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(1,773,498 |
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(2,791,389 |
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Net loss per share of common stock-basic and diluted
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$ |
(0.01 |
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$ |
(0.01 |
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$ |
(0.01 |
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$ |
(0.02 |
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Year Ended October 31, 2010:
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Statement of Operations Data:
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Net revenue
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$ |
38,870 |
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$ |
322,525 |
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$ |
58,030 |
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$ |
311,250 |
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Cost and operating expenses
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1,549,476 |
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1,662,902 |
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1,328,291 |
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1,438,226 |
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Net loss
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(1,506,164 |
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(1,271,904 |
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(1,270,133 |
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(1,126,930 |
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Net loss per share of common stock-basic and diluted
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$ |
(0.01 |
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$ |
(0.01 |
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$ |
(0.01 |
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$ |
(0.01 |
) |
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