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Tuesday, May 15, 2007 1:54:30 PM
cost of sales is 22% of total sales... very nice.
Also expenses need to be minimized, though it is impressive they covered all costs with revenue. I did notice a lot of the expenses were associated with items that may not be needed again (web development, lots of legal and accounting probably for acquisitions) One thing I would like to know, what is Promotion and entertainment... All in all I imagine that these expenses will be greatly reduced by years end.
will post more when I finish other statements.
All in my own Opinion, Not a Recommendation!!! But let's try to make some money!
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