For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2006 2005 2006 2005
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<S> <C> <C> <C> <C>
Revenues $ 1,917,557 $ 256,788 $ 8,399,323 $ 722,158
Cost of Sales (1,722,310) (215,235) (5,765,539) (542,611)
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Gross Profit 195,247 41,553 2,633,784 179,547
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Operating Expenses:
Sales and marketing 41,363 1,462 214,922 7,588
Compensation - 50,000 100,000 150,000
Other General and administrative 33,937 70,331 1,259,152 205,335
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Total Operating Expenses 75,300 121,793 1,574,074 362,923
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Net Operating Income (Loss) 119,947 (80,240) 1,059,710 (183,376)
Other Income (Expense):
Interest income 6,289 7 8,439 18
Interest expense (24,746) (366) (66,470) (1,106)
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Net Income (Loss) before minority interest 101,490 (80,599) 1,001,679 (184,464)
Minority interest (203,902) - (686,488) -
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Net Income (Loss) $ (102,412) $ (80,599) $ 315,191 $ (184,464)
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Weighted Average Shares Outstanding 549,878,217 517,232,972 545,462,954 516,348,305
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Income (Loss) per Common Share $ - $ - $ - $ -
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Net income through 9 months of $315,191 in 2006 vs. net loss of $184,464 in 2005. And, look at the differences in revenue for the two years. How can the 10K not be materially different?
I don't get it.
