Q1-02 US GAAP - MKS

Balances at April 30, 2000 17,325 $ 26,635
Mortice Kern Systems Inc.
Consolidated Statements of Shareholders’ Equity
(Dollar Amounts In US, In Thousands)
US GAAP
Common Shares
Additional
Paid In
Warrants
Number Amount Capital Number Amount
$
– –
Accumulated
Other
Comprehensive
Loss
$
– $ (1,468)
Retained
Earnings
(Deficit) Total
$
(6,589) $ 18,578
Issuance of common
shares for cash 114 420 – – – – – 420
Net loss – – – – – – (12,475) (12,475)
Balances at July 31, 2000 17,439 $ 27,055
$
– –
$
– $ (1,468)
$
(19,064) $ 6,523
Cancellation of shares
related to prepaid
compensation (35) (101) – – – – – (101)
Issuance of Secured
Special Debentures – 1,265 – 8,163 1,713 – – 2,978
Repayment/conversion
of Secured Special
Debentures 4,731 1,991 – – – – – 1,991
Issuance of special
warrants for cash – – – 9,260 7,089 – – 7,089
Issuance of
compensation warrants – – – 926 – – – –
Issuance of acquisition
warrants – – – 561 506 – – 506
Issuance of common
shares for cash 2 3 – – – – – 3
Stock based
compensation – – 330 – – – – 330
Net loss – – – – – – (14,180) (14,180)
Balances at April 30, 2001 22,137 $ 30,213 $ 330 18,910 $ 9,308 $ (1,468)
$
(33,244) $ 5,139
Conversion of special
warrants into common
shares (Unaudited) 9,260 7,089 – (9,260) (7,089) – – –
Exercise of purchase
warrants for cash
(Unaudited) 340 120 – (340) – – – 120
Issuance of common
shares for cash
(Unaudited) 63 25 – – – – – 25
Exercise of acquisition
warrants for cash
(Unaudited) 561 506 – (561) (506) – – –
Net loss – – – – – – (1,407) (1,407)