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Littlefield Corp (LTFD) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2012

Littlefield Corp

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CIK: 931683 Ticker: LTFD


Exhibit 99.1

FOR IMMEDIATE RELEASE

25 April 2012


For Additional Information:
 
Company contact:
Cecil Whitmore
Investor Relations
Littlefield Corporation
512-476-5141
cwhitmore@littlefield.com



Littlefield Corporation Announces
Q1 2012 Results



Littlefield Corporation (OTCQB: LTFD) today announced results for the first quarter of 2012.

The Company achieved its second highest record level of quarterly bingo revenue in the Company’s history and net income of $238,761.

The Q1 2012 results include approximately $179,000 of notable items:

v  
$35,000 of expense associated with hall start-ups in Texas
v  
$113,000 of legal expense for Texas and South Carolina, and
v  
$31,000 for non-cash stock-based compensation.

The Q1 2011 results include approximately $244,000 of notable items:

v  
$135,000 of expense associated with hall start-ups in Texas
v  
$82,000 of legal expense for South Carolina, Texas and its Furtney litigation,
v  
$25,000 for non-cash stock-based compensation and $2,000 of asset disposals.

 
 
The following information was filed by Littlefield Corp (LTFD) on Thursday, April 26, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ticker: LTFD
CIK: 931683
Form Type: 10-Q Quarterly Report
Accession Number: 0001185185-12-000992
Submitted to the SEC: Fri May 11 2012 5:30:17 PM EST
Accepted by the SEC: Fri May 11 2012
Period: Saturday, March 31, 2012
Industry: Miscellaneous Amusement And Recreation

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