Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. PROTEONOMIX, INC. (1469559) 10-Q/A published on Sep 24, 2012 at 11:51 am
Net Revenues . Net revenues were $0 for the three month period ended June 30, 2012, compared to $3,814 for the comparable period in 2011, or a decrease of $3,814. The decrease is due to the disposition of SBNY in April 2012.
Cost of Sales. Cost of sales for the three months ended June 30, 2012 was $0, compared to $3,874 during the same period in 2011, a decrease of $3,874. The decrease is due to the disposition of SBNY in April 2012.
Professional fees include legal, accounting, stock transfer agent, SEC filing, and general consulting fees. Professional fees increased for the three months ended June 30, 2012 versus the same period last year by $292,851 (858.4%) due to: an increase of $13,750 in common shares issued for services rendered, and for professional fees related to investor relations, consulting and legal fees for their technology as well as for protection regarding the SEC subpoena.
Other Income (Expense). Other income (expense) includes interest income, interest expense and other non-operating income. Other income for the three months ended June 30, 2012 was $208104 compared to other expense of $19,482 for the same period last year. The increase in other income from 2011 of $227,586 is mostly the result of the forgiveness of debt related to the settlement of certain outstanding payables of $211,657.