01—Abstract
Summary
Summary of the 10-Q/A filed October 14, 2011. Cited figures are marked; the original filing is the authoritative source.
Techs Loanstar, Inc. (BRRN) filed an amended 10-Q for the quarterly period ended July 31, 2011.
This amendment, filed on October 14, 2011, serves solely to furnish Exhibit 101, which contains the financial statements and related notes from the original Form 10-Q formatted in XBRL. Importantly, this amendment does not introduce any new information or update prior disclosures; it merely provides the XBRL version of the previously filed financial data.
The company confirms it has filed all required reports for the preceding 12 months and is subject to such requirements for the past 90 days. As of the filing date, Techs Loanstar, Inc. is classified as a smaller reporting company and is not a shell company.
02—Key points
Key Highlights
- Amendment filed solely to provide XBRL-formatted financial statements (Exhibit 101).
- No new financial information or disclosure updates are present in this amendment.
- The filing pertains to the quarterly period ending July 31, 2011.
- Techs Loanstar, Inc. is a smaller reporting company.
- The company is not considered a shell company.
- All required SEC reports have been filed for the preceding 12 months.
- 342,095,843 shares of Common Stock were outstanding as of August 21, 2011.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-Q/AQ3 FY2011filed October 14, 2011Financial Statements
Q3 FY2011 against Q3 FY2010
| Line item | Q3 FY2011Q3 FY2010 | Change |
|---|---|---|
| Revenue | $11K$0 | — |
| R&D Expenses | $51K— | — |
| Operating Expenses | $156K$266K | −41.3% |
| Operating Income | -$156K-$266K | +41.3% |
| Interest Expense | -$1K-$5K | +76.3% |
| Net Income | -$315K-$272K | −15.6% |
| EPS (Basic) | $-0.01$-0.01 | 0.0% |
| Shares Outstanding (Basic) | 303.53M57.37M | +429.0% |
05—Questions
Frequently Asked Questions
What is the main purpose of this amended 10-Q filing?
The primary purpose of this amended 10-Q filing is to provide Exhibit 101, which contains the financial statements and related notes for the quarterly period ended July 31, 2011, formatted in XBRL (eXtensible Business Reporting Language).
Does this amendment contain any new financial information or changes to previous disclosures?
No, this amendment explicitly states that it does not introduce any new information or update any disclosures made in the original Form 10-Q. It solely serves to provide the XBRL version of the existing financial data.
What is the company's reporting status?
Techs Loanstar, Inc. is classified as a smaller reporting company. It has also confirmed that it is not a shell company and has met its filing obligations for the past 12 months and 90 days.
How many shares of common stock were outstanding?
As of August 21, 2011, there were 342,095,843 shares of the Registrant's $0.001 par value Common Stock outstanding.
06—Continue