VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for VIVID LEARNING SYSTEMS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VIVID LEARNING SYSTEMS, INC. 29-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informa...
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VIVID LEARNING SYSTEMS, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue1,348  1,482  1,696  1,315  Cost of Revenue673  587  642  522  Gross Profit675  895  1,054  793  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative695  742  681  580  Non Recurring -   -   -   -  Others41  34  28  38  Total Operating Expenses -   -   -   -  Operating Income or Loss(61)120  345  175  Income from Continuing OperationsTotal Other Income/Expenses Net0  0  0  1  Earnings Before Interest And Taxes(61)120  345  176  Interest Expense12  14  9  9  Income Before Tax(73)106  337  166  Income Tax Expense(25)36  114  57  Minority Interest -   -   -   -  Net Income From Continuing Ops(48)70  222  110  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   -  Other Items - &n...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits Exhibit No. Description of Document Exhibit 99.1 Press Release dated August 26, 2009. CAUTION ABOUT FORWARD-LOOKING STATEMENTS This report contains "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements describe management's expectations regarding future events and developments such as the Company's plans to go private pursuant to the Reverse/Forward Stock Split. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The words "should," "anticipate," "expect," "will," "believe," and words of similar meaning are intended, in part, to help identify forward-looking statements. Future events are difficult to predict, and the expectations described above are subject to risks and uncertainties that may cause actual results to differ materially. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. In addition to discussions about risks and uncertainties set forth from time to time in the Company's filings with the Securities and Exchange Commission, factors that may cause actual results to differ materially from those contemplated in these forward-looking statements include, among others: (1) the extent and duration of continued economic and market disruptions and governmental actions to address these disruptions; (2) the risk of new and changing legislation and regulation; (3) local and national general and economic conditions; and (4) changes in the number and amount and ownership of the Company's outstanding shares, and in the capital markets prior to the expected effect...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations: RESULTS OF OPERATIONS - THREE MONTHS ENDED JUNE 30, 2009 COMPARED WITH THREE MONTHS ENDED JUNE 30, 2008 Revenues Overall revenues increased 6% to $1,347,908 in the third quarter of fiscal year 2009 from $1,275,501 in the third quarter of fiscal year 2008. The increase was due to the acquisition of new contracts within the Custom Products and Services segment and an increase in revenue volume within the Training Subscriptions segment in the fiscal quarter ending June 30, 2009 compared to the fiscal quarter ending June 30, 2008. Training subscription revenues increased by 9% to $775,871 in the third quarter of fiscal year 2009 from $713,139 in the third quarter of fiscal year 2008 due to the addition of new subscription customers offset by a reduction in year over year subscription renewals. Custom Products and Services revenues increased by 2% to $572,037 during the third quarter of fiscal year 2009 from $562,362 during the third quarter of fiscal year 2008. The slight increase is attributable to the acquisition of new custom contracts combined with the timely completion of custom projects and related revenues generated within this business segment. Operating Expenses Cost of Revenues: Overall, cost of revenues increased to $673,179 in the third quarter of fiscal year 2009 from $566,846 in the third quarter of fiscal year 2008. The increase is due to increasing revenue volumes in the custom products and services business segment in the quarter ending June 30, 2009 compared to the quarter ending June 30, 2008. The gross profit margin achieved on total revenues decreased to 50% from 56% in comparing the third quarter of fiscal year 2009 to the third quarter of fiscal year 2008. The slight decrease reflects a lower gross profit realized on increasing custom products and services r...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Other Events

Item 8.01 Other Events. On August 6, 2009, Vivid Learning Systems, Inc. (the "Company") filed a transaction statement on Schedule 13E-3 announcing a reverse/forward split including an offer to purchase (the "Offer") for cash all shares of Common Stock held by shareholders of the Company owning (beneficially or of record) fewer than 1,000 shares when the transaction becomes effective. The Company will pay $0.60 for each share properly tendered by an eligible shareholder. This price is approximately twenty percent (20%) higher than the highest average trading price of Common Stock during the past 12 months. Under Washington law, shareholder vote, consent, or approval is not required for this transaction. After completion of the Offer, the Company will have fewer than 300 shareholders of record and will terminate its registration of its Common Stock under the Securities Exchange Act of 1934, as amended. As a result, once the transaction is effective the Company will no longer file periodic reports with the Securities and Exchange Commission (the "Commission"), including annual reports on Form 10-K and quarterly reports on Form 10-Q, and will not be subject to the Commission's proxy rules. ...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Other Events

Show all filings for VIVID LEARNING SYSTEMS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VIVID LEARNING SYSTEMS, INC. 26-Jun-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not int...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations: RESULTS OF OPERATIONS - THREE MONTHS ENDED MARCH 31, 2009 COMPARED WITH THREE MONTHS ENDED MARCH 31, 2008 Revenues Overall revenues increased 11% to $1,481,718 in the second quarter of fiscal year 2009 from $1,332,668 in the second quarter of fiscal year 2008. The increase was due to the acquisition of substantial new contracts within the Custom Products and Services segment offset by a slight decrease in revenue volume within the Training Subscriptions segment in the fiscal quarter ending March 31, 2009 compared to the fiscal quarter ending March 31, 2008. Training subscription revenues decreased by 7% to $845,076 in the second quarter of fiscal year 2009 from $911,554 in the second quarter of fiscal year 2008 due to the addition of new subscription customers offset by a slight reduction in year over year subscription renewals. Custom Products and Services revenues increased by 51% to $636,642 during the second quarter of fiscal year 2009 from $421,114 during the second quarter of fiscal year 2008. The large increase is attributable to the acquisition of large new custom contracts combined with the timely completion of custom projects and related revenues generated within this business segment. Operating Expenses Cost of Revenues: Overall, cost of revenues increased to $586,906 in the second quarter of fiscal year 2009 from $549,677 in the second quarter of fiscal year 2008. The increase is due to increasing revenue volumes in the custom products and services business segment in the quarter ending March 31, 2009 compared to the quarter ending March 31, 2008. The gross profit margin achieved on total revenues increased to 60% from 59% in comparing the second quarter of fiscal year 2009 to the second quarter of fiscal year 2008. The slight increase reflects a higher incremental gross profit real...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for VIVID LEARNING SYSTEMS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VIVID LEARNING SYSTEMS, INC. 3-Mar-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informa...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations: RESULTS OF OPERATIONS - THREE MONTHS ENDED DECEMBER 31, 2008 COMPARED WITH THREE MONTHS ENDED DECEMBER 31, 2007 Revenues Overall revenues increased 30% to $1,696,310 in the first quarter of fiscal year 2009 from $1,304,384 in the first quarter of fiscal year 2008. The increase was due to the acquisition of substantial new contracts within the Custom Products and Services segment combined with increasing revenue volume within the Training Subscriptions segment in the fiscal quarter ending December 31, 2008 compared to the fiscal quarter ending December 31, 2007. Training subscription revenues increased by 15% to $1,026,447 in the first quarter of fiscal year 2009 from $889,840 in the first quarter of fiscal year 2008 due to the addition of new subscription customers and consistent year over year subscription renewals. Custom Products and Services revenues increased by 62% to $669,863 during the first quarter of fiscal year 2009 from $414,544 during the first quarter of fiscal year 2008. The large increase is attributable to the acquisition of large new custom contracts combined with the timely completion of custom projects and related revenues generated within this business segment. Operating Expenses Cost of Revenues: Overall, cost of revenues increased to $641,851 in the first quarter of fiscal year 2009 from $547,878 in the first quarter of fiscal year 2008. The increase is due to increasing revenue volumes in both business segments in the quarter ending December 31, 2008 compared to the quarter ending December 31, 2007. The gross profit margin achieved on total revenues increased to 62% from 58% in comparing the first quarter of fiscal year 2009 to the first quarter of fiscal year 2008. The increase reflects a higher incremental gross profit realized on increasing revenue volumes which provi...
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VIVID LEARNING SYSTEMS, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Other Events

Show all filings for VIVID LEARNING SYSTEMS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VIVID LEARNING SYSTEMS, INC. 12-Feb-2009Change in Directors or Principal Officers, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided...
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