Profitable; although sales have slowed.
(Unaudited) (Unaudited)
For the Three Months For the Nine Months
Ended September 30, Ended September 30,
----------------------------------- --------------------------------------
2002 2001 2002 2001
------------------ ---------------- ------------------ ------------------
Revenues $ 502,477 $ 1,664,542 1,663,529 $ 2,911,312
Cost of revenues 400,610 620,763 867,264 1,286,065
------------------ ---------------- ------------------ ------------------
Gross Profit 101,867 1,043,779 796,265 1,625,247
------------------ ---------------- ------------------ ------------------
Expenses
Sales and marketing 91,802 193,219 369,032 359,793
Research and development - 10,082 83,548 34,074
General and administrative 33,009 448,236 280,621 585,791
------------------ ---------------- ------------------ ------------------
Total costs and expenses 124,811 651,537 733,201 979,658
------------------ ---------------- ------------------ ------------------
Other Income (Expense)
Interest income 1 388 462 1,058
Interest expense (4,573) (12,618) (5,243) (12,618)
------------------ ---------------- ------------------ ------------------
Net Other Income (Expense) (4,572) (12,230) (4,781) (11,560)
------------------ ---------------- ------------------ ------------------
Income taxes
Federal (8,000) 129,000 21,000 215,000
State (2,100) 30,000 4,700 50,000
------------------ ---------------- ------------------ ------------------
Total income taxes (10,100) 159,000 25,700 265,000
------------------ ---------------- ------------------ ------------------
Net Income (Loss) $ (17,416)$ 221,012 $ 32,583 $ 369,029
If you can't read this...go to their filings...they have a
profit of 32,583 vs. a profit of 369,029 LY.
EZ
