Revenue was $1.9 million, up from $186 million for the compared periods. However the company registered an operating loss of $107,686, compared to an operating profit of $149,281 a year earlier. The profit stemmed entirely from an $866,084 gain on the revaluation of derivatives. That didn't help the company’s cash position. Cash stood at $71,709 on September 30, down from $300,492 on June 30. The various quarters in which gain or loss related to derivatives are interesting because I don't think I've seen this source of income listed in other companies' income statements. Cash becomes an issue as on November 9, YA Global Investments, which holds convertible debentures, agreed to extend their maturity to Dec. 31, 2011. The deal requires a $175,000 payment on January 28, with monthly payments of $10,000 for the following 11 months. The drop in operating income was due primarily to sales and marketing expenses of $382,831, more than double last year's $155,142. The SEC filing didn't state the cause, but I'm guessing it's related to ramping up for sales of Sage's X3 software.