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Basis of Presentation
3 Months Ended
Nov. 30, 2011
Organization, Consolidation and Presentation of Financial Statements  
Basis of Accounting [Text Block]

Note 1. Basis of Presentation

 

The interim financial information of BSD Medical Corporation (the “Company”) as of November 30, 2011 and for the three months ended November 30, 2011 and 2010 is unaudited, and the condensed balance sheet as of August 31, 2011 is derived from our audited financial statements. The accompanying unaudited condensed balance sheets as of November 30, 2011 and August 31, 2011 and the related unaudited condensed statements of operations and of cash flows for the three months ended November 30, 2011 and 2010 have been prepared in accordance with U.S. generally accepted accounting principles for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The condensed financial statements do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. These condensed financial statements should be read in conjunction with the notes thereto, and the financial statements and notes thereto included in our annual report on Form 10-K for the year ended August 31, 2011.

 

All adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of our financial position as of November 30, 2011 and August 31, 2011 and our results of operations and our cash flows for the three months ended November 30, 2011 and 2010 have been included. The results of operations for the three months ended November 30, 2011 may not be indicative of the results for our fiscal year ending August 31, 2012.

 

Certain amounts in the prior periods have been reclassified to conform to the current period presentation.