I appreciate the answer to my questions. Below is a previous post on RB. This post could be redundant but is important.
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By: bruceski
Friday, 26 May 2000 at 7:10 AM EDT
Assets
Item 1st quarter - 2000 - 1999 - 1998
Cash - 123,286 - 59,404 - 5,236
Current Asset - 3,132,456 - 2,668,574 - 19,866
Good Will - 692,815 - 705,517 - 0
Total Asset - 3,911,168 - 3,435,136 - 3,122,791
If you look here, everything is moving in a forward direction with cash up 2300%+, Current assets up 15700%+, and an additional $700,000 due the company which should post on the second quarter listed as goodwill. Also note, that these percentages are one quarter versus an entire year Liabilities.
Item 1st quarter 2000 - 1999 - 1998
Liabilities - 1,816,527 - 5,073,067 - 3,212,793
Stockholders equity - 3,911,168 - (-1,637,931) - (-90,002)
So in the last quarter, shareholder equity has gone up $5.5 million.
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The rest of the post is omitted. I wanted to stay with just the #'s. Needless to say, once I re-read the post I understand where the increase of $5.5 million in SHE comes from. I'm only posting because I spent alot of time finding the post and maybe a lurker is interested. Here is the short version of my understanding of the SHE:
For the year 1999 SHE totals a negative -1,637,931 and the first quarter of 2000 SHE totals a positive 3,911,168 giving an increase of approx. a $5.5 million in SHE for the first quarter alone.
Nothing like having a full understanding and learning something new...Thanks....I love knowledge...:-) |
