SMARTPROS LTD. 2010 Annual Report to Shareholders

smartpros ltd and subsidiaries
Consolidated Statements of Stockholders’ Equity
Years ended December 31, 2010 and 2009
Additional
Total
Preferred Stock Common Stock Paid-in Accumulated Treasury Stockholders’
Shares Amount Shares Amount Capital Deficit Stock Equity
Balance, January 1, 2009 – $ – 5,324,316 $532 $17,155,851 $(3,505,196) $(1,525,723) $12,125,464
Issuance of Shares from Restricted
Stock Plan – – 153,959 16 151,959 – – 151,975
Stock Compensation Expense – – – – 83,807 – – 83,807
Shares Issued as Additional Purchase
Consideration for Skye Multimedia, Ltd. – – 83,825 8 218,775 – – 218,783
Purchase of Treasury Shares – – – – – – (11,059) (11,059)
Net Income – – – – – 398,683 – 398,683
Balance, December 31, 2009 – – 5,562,100 556 17,610,392 (3,106,513) (1,536,782) 12,967,653
Dividends Paid – – – – (196,421) – – (196,421)
Stock Compensation Expense – – – – 61,200 – – 61,200
Surrender of Shares from Restricted
Stock Plan – – (1,000) – – – – –
Purchase of Treasury Shares – – – – – – (585,708) (585,708)
Stock Grant Expense – – – – 132,750 – – 132,750
Net Loss – – – – – (129,292) – (129,292)
Balance, December 31, 2010 – $ – 5,561,100 $556 $17,607,921 $(3,235,805) $(2,122,490) $12,250,182
See notes to consolidated financial statements.
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