$ASII
Accredited Solutions, Inc.

2012 Q2 Form 10-Q Financial Statement

#000114420412028553 Filed on May 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.0K $430.0K $550.0K
YoY Change 209.09% 2050.0% 1275.0%
% of Gross Profit
Research & Development $110.0K $360.0K $80.00K
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $2.340K $0.00
YoY Change
% of Gross Profit
Operating Expenses $450.0K $790.0K $630.0K
YoY Change 309.09% 3850.0% 1475.0%
Operating Profit
YoY Change
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$450.0K -$788.8K -$630.0K
YoY Change 350.0% 7058.17% 2000.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$450.0K -$787.8K -$630.0K
YoY Change 400.0% 7049.78% 2000.0%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$511.4K -$858.7K -$488.4K
COMMON SHARES
Basic Shares Outstanding 88.14M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $150.0K $220.0K
YoY Change 0.0% 1400.0% 2100.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $2.313K $2.238K
Receivables
Other Receivables
Total Short-Term Assets $10.00K $152.9K $218.0K
YoY Change 0.0% -74.94% -27.34%
LONG-TERM ASSETS
Property, Plant & Equipment $220.0K $43.99K $46.33K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $220.0K $190.0K $71.33K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $10.00K $152.9K $218.0K
Total Long-Term Assets $220.0K $190.0K $71.33K
Total Assets $230.0K $342.9K $289.3K
YoY Change 2200.0% -43.79% -3.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.00K $31.78K $21.77K
YoY Change 0.0% 58.9% 117.67%
Accrued Expenses $10.00K $0.00 $13.70K
YoY Change -50.0% -100.0% -31.51%
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $130.0K $70.69K $74.38K
YoY Change 44.44% -11.64% 6.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $130.0K $70.69K $74.38K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $110.0K $70.69K $74.38K
YoY Change 22.22% -11.64% 6.25%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.775M $1.929M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.0K $289.8K $231.6K
YoY Change
Total Liabilities & Shareholders Equity $230.0K $342.9K $289.3K
YoY Change 2200.0% -43.79% -3.57%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income -$450.0K -$787.8K -$630.0K
YoY Change 400.0% 7049.78% 2000.0%
Depreciation, Depletion And Amortization $0.00 $2.340K $0.00
YoY Change
Cash From Operating Activities -$190.0K -$540.2K -$240.0K
YoY Change 90.0% 22945.26% 500.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $75.00K -$60.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 -$75.00K -$60.00K
YoY Change -74.58% -79.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$550.0K
YoY Change -283.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K 550.0K 400.0K
YoY Change -50.0% 83.33% 17.65%
NET CHANGE
Cash From Operating Activities -190.0K -540.2K -240.0K
Cash From Investing Activities 0.000 -75.00K -60.00K
Cash From Financing Activities 50.00K 550.0K 400.0K
Net Change In Cash -140.0K -65.18K 100.0K
YoY Change -2554.18% 900.0%
FREE CASH FLOW
Cash From Operating Activities -$190.0K -$540.2K -$240.0K
Capital Expenditures $0.00 $75.00K -$60.00K
Free Cash Flow -$190.0K -$615.2K -$180.0K
YoY Change 90.0%

Facts In Submission

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Files In Submission

Name View Source Status
0001144204-12-028553-index-headers.html Edgar Link pending
0001144204-12-028553-index.html Edgar Link pending
0001144204-12-028553.txt Edgar Link pending
0001144204-12-028553-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
lstg-20120331.xml Edgar Link completed
lstg-20120331.xsd Edgar Link pending
lstg-20120331_cal.xml Edgar Link unprocessable
lstg-20120331_def.xml Edgar Link unprocessable
lstg-20120331_lab.xml Edgar Link unprocessable
lstg-20120331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R2.htm Edgar Link pending
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v312760_10q.htm Edgar Link pending
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