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ASUR > SEC Filings for ASUR > Form 8-K on 23-Jul-2012All Recent SEC Filings

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Form 8-K for ASURE SOFTWARE INC


23-Jul-2012

Other Events


ITEM 8.01 - OTHER ITEMS

The Registrant is filing this Form 8-K to disclose the impact of the adoption of a new accounting standard (ASU No. 2011-05, as amended by ASU No. 2011-12) on its historical financial statements in the Registrant's most recent Annual Report on Form 10-K. ASU No. 2011-05, which the Registrant adopted beginning with its fiscal quarter ended March 31, 2012, requires, among other things, that the Registrant retrospectively report additional information related to the presentation of total comprehensive income, namely net income, the components of other comprehensive income, total other comprehensive income, and total comprehensive income on the face of the financial statements, either in a single continuous statement of comprehensive income or in two separate but consecutive statements.

The following table presents selected components of the unaudited Consolidated Statements of Comprehensive Income for the Registrant for each of the two years ended December 31, 2011 and 2010 and should be read in conjunction with the information in the Registrant's 2011 Annual Report on Form 10-K.

                              ASURE SOFTWARE, INC.
                Consolidated Statements of Comprehensive Income
                                   Unaudited
                                 (In thousands)

                                Twelve Months Ended       Twelve Months Ended
                                 December 31, 2011         December 31, 2010
Net loss
Other comprehensive income:    $                (649 )   $              (1,137 )
Foreign currency (loss) gain                     (98 )                      40
Total Comprehensive (loss)     $                (747 )   $              (1,097 )


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