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ALANCO TECHNOLOGIES INC. Reports Operating Results (10-Q/A)

March 01, 2012 | About:

ALANCO TECHNOLOGIES INC. (ALAN) filed Amended Quarterly Report for the period ended 2012-03-01.

Alanco Tech Inc has a market cap of $3.5 million; its shares were traded at around $0.74 with and P/S ratio of 0.2.

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

About the author:

10qk
Charlie Tian, Ph.D., is the founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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