九色, Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Nature of Operations and Going Concern (from 10Q) (Tables)

Nature of Operations and Going Concern (from 10Q) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Nature Of Operations And Going Concern Tables

Discontinued Operations

The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:


	For the Three Months Ended March 31,
	2013			2012
Revenues	$	123,357		$	811,041

Costs and expenses:
Instructional costs and services		111,021			683,895
General and administrative		31,000			-
Total costs and expenses		142,021			683,895

Income (loss) from discontinued operations, net of income taxes	$	(18,664	)	$	127,146

The major classes of assets and liabilities of discontinued operations on the balance sheets are as follows:


	March 31, 2013		December 31, 2012
Assets
Cash and cash equivalents	$	-	$	67,750
Accounts receivable, net of allowance of $200,045 and $169,045, respectively		171,831		322,026
Other current assets		11,916		3,438
Net assets from discontinued operations	$	183,747	$	393,214
Liabilities
Accounts payable	$	1,178	$	1,178
Accrued expenses		123,954		185,395
Deferred revenue		-		39,857
Net liabilities from discontinued operations	$	125,132	$	226,430

The following table shows the results of the "Smart Home Integration Certificate" program component included in the income from discontinued operations:


	For the Year Ended
	December 31,
	2012		2011

Revenues	$	2,332,283	$	2,131,693

Costs and expenses:
Instructional costs and services		2,026,928		1,674,127
General and administrative		169,045		-
Total costs and expenses		2,195,973		1,674,127

Income from discontinued operations, net of income taxes	$	136,310	$	457,566

The major classes of assets and liabilities of discontinued operations on the balance sheets are as follows:


	December 31,
	2012		2011
Assets
Cash and cash equivalents	$	67,750	$	-
Accounts receivable, net of allowance of $169,045 and $0, respectively		322,026		632,135
Other current assets		3,438		-
Net assets from discontinued operations	$	393,214	$	632,135

Liabilities
Accounts payable	$	1,178	$	679,882
Accrued expenses		185,395		39,225
Deferred revenue		39,857		-
Net liabilities from discontinued operations	$	226,430	$	719,107

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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