ALANCO TECHNOLOGIES INC. (ALAN, Financial) filed Amended Quarterly Report for the period ended 2011-11-23.
Alanco Technologies Inc. has a market cap of $4.4 million; its shares were traded at around $2 with and P/S ratio of 0.3.
19 ALANCO TECHNOLOGIES, INC.
Operating expenses for the quarter ended September 30, 2011, consisting of corporate expenses, amortization of stock-based compensation and depreciation expense, were $305,500, a $187,200, or 38%, decrease when compared to the $492,700 reported for the comparable three month period of the prior year. The decrease was primarily due to a $182,000, or 95.9%, decrease in stock based compensation resulting from the Company s election to re-price certain employee stock options during the quarter ended September 30, 2010 and to expense the entire increase in Black Scholes value of the re-priced options in that period. Corporate expenses reported for the current quarter of $297,000 represents a decrease of $5,700, or 1.9%, compared to corporate expenses of $302,700 reported for the comparable quarter ended September 30, 2010. Depreciation and amortization expense for the quarter ended September 30, 2011 was $700, an increase of $500 compared to the $200 reported in the comparable quarter of the prior year.
20 ALANCO TECHNOLOGIES, INC.
20 ALANCO TECHNOLOGIES, INC.
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Alanco Technologies Inc. has a market cap of $4.4 million; its shares were traded at around $2 with and P/S ratio of 0.3.
Highlight of Business Operations:
18 ALANCO TECHNOLOGIES, INC.19 ALANCO TECHNOLOGIES, INC.
Operating expenses for the quarter ended September 30, 2011, consisting of corporate expenses, amortization of stock-based compensation and depreciation expense, were $305,500, a $187,200, or 38%, decrease when compared to the $492,700 reported for the comparable three month period of the prior year. The decrease was primarily due to a $182,000, or 95.9%, decrease in stock based compensation resulting from the Company s election to re-price certain employee stock options during the quarter ended September 30, 2010 and to expense the entire increase in Black Scholes value of the re-priced options in that period. Corporate expenses reported for the current quarter of $297,000 represents a decrease of $5,700, or 1.9%, compared to corporate expenses of $302,700 reported for the comparable quarter ended September 30, 2010. Depreciation and amortization expense for the quarter ended September 30, 2011 was $700, an increase of $500 compared to the $200 reported in the comparable quarter of the prior year.
20 ALANCO TECHNOLOGIES, INC.
20 ALANCO TECHNOLOGIES, INC.
Read the The complete Report
