Littlefield Corp. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company has reported loss excluding noted items (non-GAAP basis) was $72,570 compared to $116,022 for the same period a year ago. For the fourth quarter, total revenue increased to $2,162,000, surpassing last year by $77,000 or 4%. Loss was $811,406 or basic LPS of $0.05 compared to $481,151 or $0.03 for the same period a year ago. For the year, the company has reported income excluding noted items (non-GAAP basis) was $590,510 compared to $1,173,302 for the same period a year ago. Consolidated revenue was $9,434,572, within 2% or $200,738 of last year's record-setting level of annual bingo revenue. Loss was $953,763 or basic LPS of $0.06 compared to $193,306 or $0.01 for the same period a year ago. The company reported asset impairment charges of $388,742.