NEXAIRA WIRELESS INC.

CIK:0001445625|SEC Filings

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements Of Operations (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2011	Jul. 31, 2010
Condensed Consolidated Statements Of Operations
Revenues	$ 408,768	$ 270,305	$ 947,826	$ 1,301,696
Cost of product revenues	182,841	119,535	501,593	971,905
Amortization expense	46,849	33,387	156,753	74,632
Total cost of revenues	229,690	152,921	658,346	1,046,536
Gross profit	179,078	117,384	289,480	255,160
Operating expenses:
Research and development	145,236	285,707	437,100	707,583
Selling, general and administrative	867,020	863,513	2,465,128	2,746,446
Total operating expenses	1,012,256	1,149,220	2,902,228	3,454,446
Loss from operations	(833,178)	(1,031,836)	(2,612,748)	(3,198,869)
Other (expense) income:
Gain on settlement of note payable and accounts payable			253,569
Interest income		1,163	35,981	2,303
Interest, amortization of debt fees and other expense	(311,905)	(39,424)	(670,020)	(179,983)
Total other (expense) income	(311,905)	(38,261)	(380,470)	(177,680)
Loss from operations before income taxes	(1,145,083)	(1,070,097)	(2,993,218)	(3,376,549)
Income tax provision		1,145	800	1,945
Net Loss	$ (1,145,083)	$ (1,071,242)	$ (2,994,018)	$ (3,378,494)
Weighted average shares outstanding used in computation of basic and diluted net loss per share:
Basic and diluted	78,545,869	59,528,328	72,863,693	57,343,062
Net loss per share:
Basic and diluted	$ (0.01)	$ (0.02)	$ (0.04)	$ (0.06)

Supplemental Cash Flow Information

9 Months Ended

Jul. 31, 2011

Supplemental Cash Flow Information

Supplemental Cash Flow Information

6. SUPPLEMENTAL CASH FLOW INFORMATION


	Nine months Ended July 31,
	2011		2010
Cash paid for interest	$	21,070		79,923

Cash paid for income taxes	$	800	$	1,945

Non-cash financing and investing activities:
Issuance of common stock in connection with settlement of note payable to vendor	$	385,742	$	—

Issuance of common stock in connection with settlement of accounts payable	$		$	21,485

Issuance of common stock in connection with consulting agreements	$		$	74,000

Issuance of warrants for replacement of options previously issued in connection with the amended convertible debenture	$	81,615	$	—

Issuance of warrants in connection with private placement	$	163,808	$	—

Issuance of warrants in connection with extension of maturity date of a convertible note payable	$	27,762

Issuance of warrants in connection with loan agreement	$	1,557,576

Derivative liability for warrants issued with private placement	$	130,630	$	—

Derivative liability for warrants issued with private placement	$	106,474

Conversion of convertible debenture into common stock	$	—	$	1,950,000

Conversion of promissory notes payable to related parties into common stock	$	—	$	211,837

Conversion of promissory notes payable to third parties into common stock	$	296,065	$	290,425

Issuance of common stock in connection with settlement of short-term borrowing advanced for subscription agreement	$	—	$	200,000

Condensed Consolidated Balance Sheets (USD $)	Jul. 31, 2011	Oct. 31, 2010
ASSETS
Cash and cash equivalents	$ 13,369	$ 107,727
Accounts receivable, net	315,829	200,416
Inventories, net	139,694	162,525
Prepaid financing costs	1,020,950
Prepaids and other current assets	93,427	94,406
Total current assets	1,583,269	565,074
Property and equipment, net	136,609	205,599
Other assets:
Software development costs, net	790,381	917,417
Patents and trademarks, net	83,272	100,616
Total other assets	873,653	1,018,033
TOTAL ASSETS	2,593,531	1,788,706
Current liabilities:
Short-term promissory notes payable	988,871	950,000
Note payable to vendor, net		576,449
Accounts payable	731,745	729,854
Accrued payroll and related liabilities	187,010	453,625
Convertible notes payable, net	722,718	281,319
Derivative liabilities	1,753,062	154,615
Debt discount	(175,000)
Promissory notes payable to related parties	412,000	412,000
Interest payable	324,102	195,796
Note payable to bank	34,225	56,666
Accrued board of directors fees	67,000	73,000
Deferred consulting and management fees	1,090,584	562,769
Accrued expenses and other current liabilities	448,035	280,564
Total current liabilities	6,584,352	4,726,657
Commitments and contingencies
Shareholders' deficit:
Preferred stock, $0.001 par value: Authorized shares - 100,000,000 Issued and outstanding - Nil
Common stock, $0.001 par value: Authorized shares - 600,000,000 Issued and outstanding - 80,350,217 and 59,811,116, respectively	80,350	59,811
Additional paid-in capital	7,679,269	5,622,753
Accumulated deficit	(11,482,923)	(8,488,905)
Other comprehensive loss:
Foreign exchange translation	(267,518)	(131,610)
TOTAL SHAREHOLDERS' DEFICIT	(3,990,821)	(2,937,951)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 2,593,531	$ 1,788,706