Marmion industries (fka MMIC)

[otcbargains]

Estimated 2nd q fianancials based on 2003 info.


Gross profit percentage for 2003 was 33% which was down from 2002 bt lets assume it is the same for 2nd q.

$564,835 2nd q revs from pr
X .33
= $186,395.55 Gross profit.

From 2nd q 10Q General administrative expenses =
$498,849

NET loss = $312,454

Assuming marmion expenses were included in 2nd q 10Q and not just itfi. Its a big assumption because revs were not.

Assuming the 75,000 payment from loan was included

assuming the 3 vehicle payments of $5154.00 were included.

Assuming $8,550 in building rent was included.

Assuming there are no other expenses we are unaware of.

Thats a lot of assumptions to hope that the net loss was only $312,454.00.