Teliphone Corp

CIK:0001101783|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
OPERATING REVENUES
Revenues	$ 9,844,761	$ 6,140,917	$ 12,732,614	$ 7,366,093
COST OF REVENUES
Inventory, beginning of period	47,178	12,849	16,257	18,690
Purchases and cost of VoIP services	5,681,644	4,993,947	7,395,096	5,785,061
Inventory, end of period	(118,655)	(13,097)	(118,655)	(13,097)
Total Cost of Revenues	5,610,167	4,993,699	7,292,698	5,790,654
GROSS PROFIT	4,234,594	1,147,218	5,439,916	1,575,439
OPERATING EXPENSES
Selling and promotion	58,889		92,124
Wages, professional and consulting fees	2,453,883	388,948	3,076,128	622,641
Other general and administrative expenses	972,606	133,189	1,359,209	213,129
Depreciation and amortization	903,807	444,521	1,420,707	643,728
Total Operating Expenses	4,389,185	966,658	5,948,168	1,479,498
NET INCOME (LOSS) BEFORE OTHER INCOME (EXPENSE)	(154,591)	180,560	(508,252)	95,941
OTHER INCOME (EXPENSE)
Interest expense	(21,039)	(5,211)	(30,470)	(9,095)
Total Other Income (Expense)	(21,039)	(5,211)	(30,470)	(9,095)
NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	(175,630)	175,349	(538,722)	86,846
NET INCOME (LOSS) APPLICABLE TO COMMON SHARES	(175,630)	175,349	(538,722)	86,846
NET INCOME (LOSS) PER BASIC AND DILUTED SHARES (in Dollars per share)	$ 0.00	$ 0.00	$ (0.01)	$ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in Shares)	124,660,745	61,538,767	101,085,745	51,613,204
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	(175,630)	175,349	(538,722)	86,846
Currency translation adjustments	113,403	(1,288)	106,252	32,801
Comprehensive income (loss)	$ (62,227)	$ 174,061	$ (432,470)	$ 119,647

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (538,722)	$ 86,846
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Depreciation and amortization	1,420,707	643,728
Accounts payable restructuring gain	(84,853)
Land revaluation gain	(141,041)
Changes in assets and liabilities
(Increase) in accounts receivable	(3,013,191)	(2,399,186)
Increase (decrease) in deferred revenues	(6,851)	116
Increase (decrease) in accounts payable and accrued expenses	2,525,309	2,145,434
Total adjustments	1,469,374	321,128
Net cash provided by (used in) operating activities	930,652	407,974
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of cash on purchase of subsidiary	944,452
Acquisitions of capital assets	(1,341,151)	(282,461)
Net cash provided by (used in) investing activities	(396,699)	(282,461)
CASH FLOWS FROM FINANCING ACTIVITES
Repayments of amounts under capital lease	(88,683)	(13,083)
Advancement (repayment) of notes payable - non-related parties	(546,936)	2,910
(Repayment) proceeds from loan payable - related parties, net	211,933	(173,097)
Net cash (used in) financing activities	(423,686)	(183,270)
Effect of foreign currencies	(62,818)	32,803
NET INCREASE (DECREASE) IN CASH	47,449	(24,954)
CASH - BEGINNING OF PERIOD	22,821	37,481
CASH - END OF PERIOD	70,271
CASH PAID DURING THE PERIOD FOR:
Interest expense	30,470	9,095
SUPPLEMENTAL NONCASH INFORMATION:
Warrants issued for conversion of notes payable	5,000,000
Accounts payable forgiven for goodwill on NYTEX	992,958
Cash acquired in acquisition	944,452
Common stock issued for liability to issue common stock		450,000
Accounts receivable	2,932,872
Property, plant and equipment	7,965,798
Long term liabilities	(619,928)
Approximation [Member]
CASH FLOWS FROM FINANCING ACTIVITES
CASH - END OF PERIOD	70,270	12,527
Accounts Payable [Member] \| Quebec, Titan and Cloud Phone [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Payables Assumed	(9,726,800)
Notes Payable [Member] \| Quebec, Titan and Cloud Phone [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Payables Assumed	(6,603,712)
Nytex [Member] \| Other Receivables [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Other Assets		2,000,000
Nytex [Member] \| Depreciable Assets [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Other Assets		2,500,000
Nytex [Member] \| Customer Lists [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Intangible Assets		500,000
Nytex [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Common Stock Issued for Acquisition		5,000,000
Quebec, Titan and Cloud Phone [Member] \| Prepaid Expenses and Other Assets [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Other Assets	4,504,846
Quebec, Titan and Cloud Phone [Member] \| Goodwill [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Intangible Assets	12,767,334
Quebec, Titan and Cloud Phone [Member] \| Customer Lists [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Intangible Assets	3,136,878
Quebec, Titan and Cloud Phone [Member]
SUPPLEMENTAL NONCASH INFORMATION:
Common Stock Issued for Acquisition	(15,301,740)
Inventory and Other Assets [Member]
Changes in assets and liabilities
(Increase) decrease in	(9,379)	5,593
Prepaid Expenses and Other Assets [Member]
Changes in assets and liabilities
(Increase) decrease in	$ 778,673	$ (74,557)

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2013	Sep. 30, 2012
ASSETS
Cash	$ 70,271	$ 22,821
Accounts receivable, net	6,830,784	892,549
Accounts receivable - related party		58,180
Inventory	118,655	16,257
Investments	20,021	20,444
Prepaid expenses and other current assets	1,998,271	51,234
Total Current Assets	9,038,002	1,061,485
Fixed assets, net of depreciation	11,229,097	2,924,075
Prepaid expenses, net of current portion	1,573,268
Customer lists, net	4,333,328	1,505,657
Goodwill (in Dollars)	14,359,228	2,585,040
TOTAL ASSETS	40,532,923	8,076,257
LIABILITIES
Deferred revenue	1,335,839	906
Current portion of related party convertible debentures	61,985	61,026
Current portion of non related party notes	3,046,105	305,520
Current portion of related party loans	349,511	112,880
Current portion of obligations under capital lease	215,983	3,922
Liability for stock to be issued	19,868	19,868
Accounts payable and accrued expenses	6,710,639	2,544,229
Other accrued liabilities	166,491
Liabilities for payroll	2,238,136	348,359
Total Current Liabilities	14,144,557	3,396,710
Obligations under capital lease, net of current portion	247,626
Non related party, net of current	3,407,424
Related party loans, net of current		70,828
	17,799,607	3,467,538
STOCKHOLDERS' EQUITY
Common stock, $.001 Par Value; 125,000,000 shares authorized and 124,660,745 and 61,360,745 shares issued and outstanding, respectively	124,660	63,160
Additional paid-in capital	26,048,082	7,554,082
Accumulated deficit	(3,545,678)	(3,006,956)
Accumulated other comprehensive income (loss)	106,252	(1,567)
Total Stockholders' Equity	22,733,316	4,608,719
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 40,532,923	$ 8,076,257