Attached files
| file | filename |
|---|---|
| 8-K - WIRELESS AGE COMMUNICATIONS INC | v230656_8k.htm |
| EX-99.1 - WIRELESS AGE COMMUNICATIONS INC | v230656_ex99-1.htm |
|
WIRELESS AGE COMMUNICATIONS, INC.
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|
CONSOLIDATED BALANCE SHEET
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|
Friday, December 31, 2010
|
|
(Unaudited)
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|
(Stated in US Dollars)
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ASSETS
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2010
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|||
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Current
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||||
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Marketable securities
|
831,520 | |||
|
Prepaid expenses
|
37,789 | |||
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Investment -deposit
|
49,760 | |||
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Total
|
919,069 | |||
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Property and equipment
|
43,031 | |||
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Due from related parties
|
2,472,751 | |||
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Total
|
3,434,851 | |||
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LIABILITIES
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||||
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Current
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||||
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Bank indebtedness
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52,321 | |||
|
Accounts payable and accrued liabilities
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837,768 | |||
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Taxes payable
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54,990 | |||
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Accrued special provision
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6,714,880 | |||
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Due to related parties
|
797,034 | |||
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Total
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8,456,993 | |||
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Commitments and contingencies
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0 | |||
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Minority interest
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0 | |||
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STOCKHOLDERS' EQUITY (DEFICIENCY)
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||||
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Preferred stock, $0.001 par value
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||||
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2010: 10,000,000 shares authorized, (2010: nil issued and outstanding)
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0 | |||
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Common stock, $0.001 par value
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||||
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2010: 100,000,000 shares authorized, 65,766,592 shares outstanding
|
65,767 | |||
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Additional paid-in capital
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16,245,349 | |||
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Treasury stock
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24,352 | |||
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Accumulated deficit
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(21,568,608 | ) | ||
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Accumulated other comprehensive income
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210,998 | |||
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Total
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(5,022,142 | ) | ||
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Total
|
3,434,851 | |||
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WIRELESS AGE COMMUNICATIONS, INC.
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||
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CONSOLIDATED STATEMENT OF OPERATIONS
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||
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For the year ended December 31, 2010
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||
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(Unaudited)
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(Stated in US Dollars)
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2010
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|||
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Operating expenses
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||||
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Selling and administrative
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873,387 | |||
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Amortization
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22,742 | |||
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Recovery of note receivable
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(9,811 | ) | ||
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Loss from operations
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(886,318 | ) | ||
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Other expenses (income)
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||||
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Interest expense
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77,049 | |||
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Foreign exchange losses (gain)
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8,668 | |||
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Loss on disposal of investment
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724,590 | |||
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Gain on settlement
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(391,298 | ) | ||
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Gain on disposal of assets
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(41,908 | ) | ||
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Interest/penalty - delinquent filings
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38,198 | |||
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Total other expenses (income)
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415,299 | |||
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Earnings (loss) before income taxes
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(1,301,617 | ) | ||
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Income taxes - deffered and current
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0 | |||
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Earnings per share:
|
||||
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Earnings per share - basic and diluted
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(0.020 | ) | ||
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Weighted average number of of common shares outstanding:
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||||
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Basic and diluted
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63,566,207 | |||
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COMPREHENSIVE INCOME (LOSS)
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||||
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Net income (loss)
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(1,301,617 | ) | ||
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Other comprehensive income (loss):
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||||
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Unrealized holdings (loss) gain on marketable securties
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1,002,669 | |||
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Foreign exchange translation gain (loss)
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(112,994 | ) | ||
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Comprehensive income (loss)
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(411,942 | ) | ||