Sanswired all they need to do is have product first which they don't. Then to generate revenues on this product which they don't. That's ALL. Who needs promises after 3 years of failed business plan. Here is few more facts for you since you conviniently ommited them. Cost of revenue is every Q is almost same as revs themselves and expenses, salary compensation, bonuses and LOSSES go up a lot every Q
REVENUES EARNED $81,143,838
COST OF REVENUES EARNED $80,730,141 29,187,414
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GROSS MARGIN (LOSS) 413,697 (191,201)
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EXPENSES
Payroll and related taxes 3,118,676 1,248,562
Consulting and professional fees 6,200,054 2,206,237
Officers' and directors' compensation 12,082,809 6,520,206
Bad debts 1,373,458 1,141,534
Investment banking and financing fees 2,018,985 172,106
Investor and public relations 550,460 117,856
Commissions expense - related party
Carrier Services, Inc. 848,880 404,747
Research and development - Sanswire 2,364,673 260,085
Other operating expenses 826,101 156,011
Telephone and communications 200,129 75,390
Travel and related expenses 882,557 240,862
Rents 480,995 126,424
Insurance and employee benefits 672,700 126,644
Depreciation and amortization 236,018 53,586
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TOTAL EXPENSES 31,856,495 12,850,250
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LOSS BEFORE OTHER INCOME (EXPENSE) AND
INCOME TAXES
(31,442,798) (13,041,451)
