Cornerworld Corp: 10-Q filed 2012-12-14

Name: Cornerworld Corp: 10-Q filed 2012-12-14
Creator: Cornerworld Corp

What Cornerworld Corp reported in its quarterly report filed 2012-12-14 (fiscal Q2 2013): 38 published measures, 106 facts as tagged in accession 0001161697-12-000919.

This filing

Form: 10-Q (quarterly report)
Filed: 2012-12-14
Fiscal period: fiscal Q2 2013
Accession: 0001161697-12-000919 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Cornerworld Corp filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2012-10-31	9,808,963	USD
At 2012-04-30	10,384,652	USD
At 2011-10-31	11,924,681	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2012-10-31	11,206,280	USD
At 2012-04-30	13,070,155	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2012-10-31	-1,397,317	USD
At 2012-04-30	-2,685,503	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2012-10-31	1,119,797	USD
At 2012-04-30	890,415	USD
At 2011-10-31	580,347	USD
At 2011-04-30	934,250	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	-105,047	USD	92
2012-05-01 to 2012-10-31	-259,746	USD	184
2011-08-01 to 2011-10-31	-471,408	USD	92
2011-05-01 to 2011-10-31	-993,068	USD	184

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	959,265	USD	184
2011-05-01 to 2011-10-31	172,282	USD	184

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	469	USD	184
2011-05-01 to 2011-10-31	14,601	USD	184

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	1,868,331	USD	92
2012-05-01 to 2012-10-31	4,043,398	USD	184
2011-08-01 to 2011-10-31	2,914,058	USD	92
2011-05-01 to 2011-10-31	5,855,731	USD	184

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	-729,414	USD	184
2011-05-01 to 2011-10-31	-517,484	USD	184

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	-469	USD	184
2011-05-01 to 2011-10-31	-8,701	USD	184

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2012-10-31	-13,257,520	USD
At 2012-04-30	-12,997,774	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2012-10-31	111,791	USD
At 2012-04-30	154,673	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	41,507	USD	92
2012-05-01 to 2012-10-31	83,016	USD	184
2011-08-01 to 2011-10-31	37,446	USD	92
2011-05-01 to 2011-10-31	74,892	USD	184

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	393,958	USD	92
2012-05-01 to 2012-10-31	751,355	USD	184
2011-08-01 to 2011-10-31	47,440	USD	92
2011-05-01 to 2011-10-31	224,354	USD	184

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2012-10-31	2,339,548	USD
At 2012-04-30	2,092,744	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	499,005	USD	92
2012-05-01 to 2012-10-31	1,011,001	USD	184
2011-08-01 to 2011-10-31	581,100	USD	92
2011-05-01 to 2011-10-31	1,277,082	USD	184

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2012-10-31	5,364,260	USD
At 2012-04-30	5,822,304	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2012-10-31	1,533,117	USD
At 2012-04-30	1,894,043	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit
At 2012-10-31	2,136,836	USD
At 2012-04-30	2,136,836	USD
At 2011-10-31	2,136,836	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2012-10-31	1,095,164	USD
At 2012-04-30	1,070,293	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	1,122,871	USD	92
2012-05-01 to 2012-10-31	2,515,565	USD	184
2011-08-01 to 2011-10-31	2,137,694	USD	92
2011-05-01 to 2011-10-31	4,050,956	USD	184

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	1,516,829	USD	92
2012-05-01 to 2012-10-31	3,266,920	USD	184
2011-08-01 to 2011-10-31	2,185,134	USD	92
2011-05-01 to 2011-10-31	4,275,310	USD	184

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	711,827	USD	92
2012-05-01 to 2012-10-31	1,693,769	USD	184
2011-08-01 to 2011-10-31	1,619,189	USD	92
2011-05-01 to 2011-10-31	2,955,200	USD	184

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2012-10-31	157,313,704	shares
At 2012-04-30	147,547,607	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2012-10-31	11,702,890	USD
At 2012-04-30	10,164,724	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2012-10-31	8,258,189	USD
At 2012-04-30	10,347,388	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit
At 2012-10-31	5,192,756	USD
At 2012-04-30	5,971,670	USD
At 2011-10-31	6,750,584	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2012-10-31	28,032	USD
At 2012-04-30	28,729	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2012-10-31	811,832	USD
At 2012-04-30	754,091	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2012-10-31	704,013	USD
At 2012-04-30	708,874	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2012-10-31	124,587	USD
At 2012-04-30	132,036	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	-105,047	USD	92
2012-05-01 to 2012-10-31	-259,746	USD	184
2011-08-01 to 2011-10-31	-471,408	USD	92
2011-05-01 to 2011-10-31	-993,068	USD	184

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	411,044	USD	92
2012-05-01 to 2012-10-31	821,796	USD	184
2011-08-01 to 2011-10-31	518,505	USD	92
2011-05-01 to 2011-10-31	1,095,756	USD	184

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	389,457	USD	92
2012-05-01 to 2012-10-31	417,227	USD	184
2011-08-01 to 2011-10-31	778,914	USD	92
2011-05-01 to 2011-10-31	890,018	USD	184

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	-100	USD	184
2011-08-01 to 2011-10-31	62,252	USD	92
2011-05-01 to 2011-10-31	59,660	USD	184

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2012-08-01 to 2012-10-31	-499,005	USD	92
2012-05-01 to 2012-10-31	-1,011,101	USD	184
2011-08-01 to 2011-10-31	-518,848	USD	92
2011-05-01 to 2011-10-31	-1,217,422	USD	184

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	137,129	USD	184
2011-05-01 to 2011-10-31	411,986	USD	184

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2012-05-01 to 2012-10-31	-350,925	USD	184
2011-05-01 to 2011-10-31	-746,700	USD	184

Inspect the source

Entity: Cornerworld Corp / CIK 0001338242
Captured: 2026-09-22 19:44 UTC
SEC response SHA-256: f461d26b669e50b977df30d29f21572371c193fa016f6ee3920c85748e457e32

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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