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Biotech / Medical : H-QUOTIENT,INC. (HQNT)

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To: scion who wrote (122)7/31/2005 2:48:36 PM
From: scion  Read Replies (1) of 136
 
During the second quarter 2004 the Company sold 344,500 HQNT shares and realized a gain at time of sale of $519,524 due to the increase in the sale price from the cost basis of $.70 at time of acquisition. During second quarter 2004 the Company received these 344,500 shares of common stock from an investor in exchange for 486,875 restricted common shares of H-Quotient, Inc. (HQNT).

The 486,875 restricted common shares represents H-Quotient's customer deposit for products to be delivered in third quarter 2004. The amount of the deposit is $241,500 which also represents the cost basis of the 344,500 shares of common stock.

Form 10QSB for VERIDIEN CORP
16-Aug-2004
Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

biz.yahoo.com
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