MOSAID TECHNOLOGIES INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF INCOME (In thousands of Canadian Dollars, except per share amounts) (Unaudited)
July 31, July 31,
Period Ended 2011 2010
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Revenues $18,250 $18,488
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Operating expenses
Patent portfolio management 2,131 2,186
Patent licensing and litigation 4,552 2,493
Research and development 863 475
General and administration 1,206 1,055
Foreign exchange loss 138 544
Share-based compensation (Note 7) 1,307 871
Patent amortization 3,841 3,380
Imputed interest 635 746
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14,673 11,750
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Income from operations 3,577 6,738
Investment income 398 342
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Income before income tax expense 3,975 7,080
Income tax expense (Note 9) 1,399 1,997
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Net income $ 2,576 $5,083
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Earnings per share (Note 10)
Basic - net earnings $0.22 $0.43
Diluted - net earnings $0.21 $0.43
Weighted average number of shares
Basic 11,904,350 11,767,954
Diluted 12,124,251 11,840,308
