Condensed 10Q Pervasip Corp. and Subsidia
Post# of 683
Condensed 10Q
| Pervasip Corp. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) | ||
| For the Three Months Ended | ||
| Feb. 29, 2012 | Feb 28, 2011 | |
| Revenues | $ 275,497 | $ 319,671 |
| Costs and expenses: | ||
| Costs of services | 124,888 | 197,405 |
| Financing charges | 260,804 | - |
| Selling, general and administrative | 472,887 | 436,113 |
| Total costs and expenses | 858,579 | 633,518 |
| Loss from operations | (583,082) | (313,847) |
| Other income (expense): | ||
| Interest expense | (1,079,466) | (482,161) |
| Gain on troubled debt restructuring | 4,779,634 | - |
| Mark to market adjustment of derivative liabilities | 89,671 | 7,520 |
| Total other income (expense) | 3,789,839 | (474,641) |
| Net income (loss) | 3,206,757 | (788,488) |
| Other comprehensive income (loss) | (719) | 520 |
| Comprehensive income (loss) | $3,206,038 | $(787,968) |
| Basic earnings (loss) per share | $0.03 | ($0.08) |
| Diluted earnings (loss) per share | $0.02 | ($0.08) |
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