Koil Energy Solutions Inc. (KLNG)

[1918forever]

FLOTATION TECHNOLOGIES, INC. Statement of Operations

Looking at the 3 months ended 03/08, it looks like revenues increased 477% compared with the same period last year and approximately $950K added to the bottom line compared with same period last year.

Interim Periods - Three Months Ended March 31, 2008 and March 31, 2007
Reviewed Unaudited
3-31-08 3-31-07

Revenues $ 4,877,108 $ 1,021,611

Cost of goods sold 3,377,955 649,929

Gross profit 1,499,153 371,682

General and administrative expenses 662,959 511,554

Income (loss) from operations 836,194 (139,872 )

Other income (expense)
Other income, interest & exchange rate 2,119 7,336
Interest expense (36,987 ) (9,227 )

Net other income (expense) (34,868 ) (1,891 )

Net income (loss) $ 801,326 $ (141,763 )