Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Why is the number of issued shares less than the number of outstanding shares
The formulae #issued shares = #outstanding shares + #treasury shares looks right. However it looks like the Treasury Shares are treated as -ve in accounting books and thus the outstanding shares are more than issued shares to the extent of Treasury shares. Further info at "Accounting for treasury stock" on wiki