Dick's Picks

[MiMiC]

Form 10KSB for RECLAMATION CONSULTING & APPLICATIONS INC

http://biz.yahoo.com/e/061016/rcaa.ob10ksb.html

Net Revenues

Net Revenues for the twelve months ended June 30, 2006 decreased to $96,122 from $242,965 for the twelve months ended June 30, 2005. The decrease in net sales of $146,843, or approximately 61%, over the 2005 period is due primarily to the reorganization of our sales representative infrastructure.

Cost of Revenues

Cost of Revenues for the twelve months ended June 30, 2006 decreased to $150,670 from $192,937 for the twelve months ended June 30, 2005. The overall decrease in Cost of Revenues of $42,267, or approximately 22%, over the 2005 period is directly attributable to the reorganization of our sales representative infrastructure

Gross Profits/Loss

Overall gross profit/ loss for the twelve months ended June 30, 2006 is a loss of $54,548 compared to a gross profit of $50,028 for the twelve months ended June 30, 2005. The overall decrease in gross profits of $104,576 or approximately 209% over the 2005 period is directly attributable to research and development and costs attributed to fixed expenses. Purchases of equipment for the development of spray application system caused the increase in COS for the year ended June 30, 2006 to $42,100 or 1.793% as compared to $2.224 for the year ended June 30, 2005.