SUPERCLICK INC
CIK:0001104891|SEC Filings
|
Consolidated Statements of Operations (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 31, 2011
|
Jul. 31, 2010
|
Jul. 31, 2011
|
Jul. 31, 2010
|
|
| Revenue | ||||
| Net Sales | $ 1,704,316 | $ 1,109,853 | $ 4,444,523 | $ 2,812,337 |
| Services | 1,290,149 | 1,035,718 | 3,677,586 | 3,115,593 |
| Net revenue | 2,994,465 | 2,145,571 | 8,122,109 | 5,927,930 |
| Cost of goods sold | 1,370,600 | 1,169,304 | 3,874,201 | 3,089,851 |
| Gross profit | 1,623,865 | 976,267 | 4,247,908 | 2,838,079 |
| Costs and Expenses | ||||
| Selling, general & administrative | 916,656 | 612,477 | 2,523,244 | 1,979,954 |
| Research & development | 73,006 | 64,184 | 218,337 | 190,265 |
| Depreciation | 21,917 | 6,743 | 49,666 | 32,701 |
| Total costs and expenses | 1,011,579 | 683,404 | 2,791,247 | 2,202,920 |
| Income from operations | 612,286 | 292,863 | 1,456,661 | 635,159 |
| Other Income and (Expense) | ||||
| Interest income | 912 | 750 | 2,266 | 2,732 |
| Interest expense | (370) | (495) | (882) | (1,229) |
| Total other income and (expense) | 542 | 255 | 1,384 | 1,503 |
| Net income before income taxes | 612,828 | 293,118 | 1,458,045 | 636,662 |
| Income taxes | (206,321) | (100,979) | (441,486) | (224,455) |
| Net income | $ 406,507 | $ 192,139 | $ 1,016,559 | $ 412,207 |
| Net income per common share: | ||||
| Basic | $ 0.01 | $ 0.00 | $ 0.02 | $ 0.01 |
| Diluted | $ 0.01 | $ 0.00 | $ 0.02 | $ 0.01 |
| Weighted average common shares outstanding: | ||||
| Basic | 45,959,870 | 45,416,695 | 45,954,359 | 45,347,066 |
| Diluted | 58,387,251 | 58,524,751 | 58,381,740 | 58,524,751 |
|
Consolidated Statements of Cash Flows (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 31, 2011
|
Jul. 31, 2010
|
Jul. 31, 2011
|
Jul. 31, 2010
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income | $ 406,507 | $ 192,139 | $ 1,016,559 | $ 412,207 |
| Adjustments to reconcile net income to net cash provided (used) by operating activities: | ||||
| Depreciation | 21,917 | 6,743 | 49,666 | 32,701 |
| CHANGES IN ASSETS AND LIABILITIES: | ||||
| Accounts receivable | (148,483) | (744,905) | (85,093) | (38,399) |
| Financing receivables | 61,490 | (383,720) | ||
| Other receivables | (8,103) | 2,108 | (8,695) | |
| Prepaid expenses | 90,801 | 26,575 | 13,574 | (32,533) |
| Inventory | (8,602) | (110,675) | (129,786) | (543,614) |
| Accounts payable and accrued expenses | 57,244 | 166,015 | (518,517) | 251,121 |
| Accrued payroll | (30,850) | (1,465) | (7,073) | (55,348) |
| Income taxes payable and receivable | 198,367 | (25,815) | 390,083 | (432,616) |
| Deferred revenue | (201,795) | 98,479 | 205,927 | 79,326 |
| CASH PROVIDED BY OPERATING ACTIVITIES | 446,596 | (401,012) | 553,728 | (335,851) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Acquisition of furniture and equipment | (170,884) | (24,546) | (207,536) | (47,508) |
| CASH (USED) FOR INVESTING ACTIVITIES | (170,884) | (24,546) | (207,536) | (47,508) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Stock options exercised | 10,000 | 15,000 | 10,000 | |
| CASH (USED) FOR FINANCING ACTIVITIES | 10,000 | 15,000 | 10,000 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (20,367) | (64,527) | 221,928 | 160,001 |
| NET INCREASE (DECREASE) IN CASH | 255,345 | (480,085) | 583,120 | (213,358) |
| CASH, beginning of period | 2,420,583 | 2,458,785 | 2,092,809 | 2,192,058 |
| CASH, end of period | 2,675,928 | 1,978,700 | 2,675,928 | 1,978,700 |
| Interest paid | 370 | 1,145 | 734 | |
| Taxes paid | 114,067 | 643,618 | ||
| Other non-cash investing and financing activities: | ||||
| None. | ||||