Coming from a negative asset position to a positive, the shareholders equity increased by more than 28.6 cents per share. The following comes from the news release.
Total Assets increased by $940,000 to $1,340,000 while Total Liabilities decreased by $1,057,000 to $506,000, resulting in an increase in Total Shareholders Equity from $(1,205,000) on Dec. 31, 1996 to $792,000 on March 31, 1997. The weighted average common shares outstanding, including adjusted common stock equivalents, were 6,967,789 as of March 31, 1997 versus 5,172,784 at the end of March 1996.
Charles |
