Stock ownership, as well as stock warrant
positions remain unchanged."
Non-GAAP results for Q2 '13 exclude the impact of stock-based compensation expense of USD 1.8m, amortisation of acquisition-related intangibles and amortization of the fair value of a common stock warrant
issued in connection with debt financing totaling USD 0.1m.
alleges in a lawsuit that the family-controlled Ohio chain shifted its newspapers and other assets to shell companies and was preparing a bankruptcy filing -- all with the aim of keeping the firm from collecting at least $9 million under a stock warrant
NetVision said it had budgeted for a small loss during the quarter, but the final result had been worse than expected due to exceptional stock warrant
An increase in net income was largely due to the change in the fair value of common stock warrant
and common stock adjustment feature liabilities this quarter versus the same quarter last year, partially offset by a $4M initial loss on common stock warrant
and common stock adjustment feature liabilities that was recorded in the first quarter of 2018.
Gross Profit increased by $4.9 million to $38.0 million for the year ended August 31, 2012 from $33.1 million for the year ended August 31, 2011 Adjusted EBITDA, which is defined by management as net income before interest, taxes, depreciation, amortization, impairment charges, retention bonuses, non-essential overhead, stock-based compensation, executive recruiting fees, severance, ERP capitalized costs, earn out liability adjustment and stock warrant
expense (Adjusted EBITDA), was $5.8 million for the year ended August 31, 2012 versus $3.8 million for the year ended August 31, 2011.
A stock warrant
is generally available to the public on the open market, where it can be exercised or traded.
In FSA 1999-1166, it concluded that the stock warrant
transactions resulted in capital expenditures, not deductible business expenses.
The company also intends to seek to repurchase the common stock warrant
that it issued to the U.S.
The net loss for the first quarter of 2011 was USD11.88m, compared with a net loss of USD2.98m in the same quarter a year earlier, but the company noted that the results for this year's first quarter include a non-cash loss of USD8.93m on stock warrant
liability, against a gain of USD713,243 on stock warrant
liability for the first quarter of 2010.