Universal Express Inc fka USXP

[Pedro2004]

Please correct me if I am wrong …………..

Here’s a copy of the 12/31/2006 and 03/31/2007 Capital Account as filed with the SEC (10K and 10Q).

In between I have the “Increase – Decrease” on how each account changed from 12/31/2006 to 03/31/2007.


http://i20.tinypic.com/eajrq1.jpg





The Income for the 3 months ending 03/31/2007 is: $ 1,212,929

Now ……. Correct me if I am wrong …….
But when comparing the information on my last post (deposits from the sale of shares);
And comparing the increase – decrease in liabilities and capital account to that of the revenue reported;

Does it look like these so called “deposits” are being reported as income?