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Monday, April 14, 2014 7:45:22 PM
http://www.otcmarkets.com/financialReportViewer?symbol=PROW&id=118546
PROGRESS WATCH CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
YEAR ENDED DECEMBER 31, 2013
(In US Dollars, except for share data)
________________________________________________________________________________
2013 2012
Net revenues:
Net sales $ 0 $ 0
Other revenue 1.023.354 0
Total net revenue 1.023.354 0
Costs and expenses:
Selling, general and administrative 38.232 94.170
Research and development 24.654 69.473
Amortization of fixed assets 7.842 23.801
Total costs and expenses 70.728 187.444
Result from operations 952.626 (187.444)
Interest income 0 30
Interest expenses (15.533) (32.105)
Gain (Loss) foreign exchange translations 34.787 (41.217)
Total other (expense) income 19.254 (73.292)
Income (Loss) before income taxes 971.880 (260.736)
Income taxes 518 688
Net result $ 971.362 $ (261.424)
Basic earnings per share $ 0,02 $ -0,01
Diluted earnings per share $ 0,02 $ 0,00
Weighted average common shares -basic 57.797.584 50.571.633
Weighted average common shares -diluted 59.206.722 53.336.771
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