EGPI Firecreek Inc (EFIR)

[Pennyprof]

I think you copied the wrong part,note the net income that I underlined. Also note that it's a loss...not much of an income is it? The figure beside that is 2008 income. GLTA

Revenues
Gross revenues from sales $ 1,208,459 0
Cost of Sales 1,111,473 0
Net revenues from sales 96,986 0
General and administrative expenses:
General administration $ 3,377,586 $ 558,579
Total general & administrative expenses 3,377,586 558,579
Net loss from operations $ (3,280,600 ) $ (558,579 )
Other revenues and expenses:
Gain (loss) on asset disposal (108,465 ) (567,000 )
Forgiven Debt 379 4,190
Interest expense (19,793 ) (24,328 )
Net income (loss) before provision for income taxes $ (3,408,479 ) $ (1,145,717 )
Provision for income taxes 0 0
Loss from continuing operations (3,408,479 ) $ (1,145,717 )
Discontinued operations:
Loss from operations of discontinued component (net of tax) 0 (1,960,323 )
Gain on disposal of discontinued component (net of tax) 0 5,803,479
Net income (loss) $ (3,408,479 ) $ 2,697,439
Basic net income (loss) per common share:
Basic income (loss) per share- continuing operations $ (0.16 ) $ (0.20 )
Basic income (loss) per share- discontinued component $ 0.00 $ 0.64
Basic income (loss) per share $ (0.16 ) $ 0.44
Fully diluted income (loss) per share- continuing operations $ (0.16 ) $ (0.20 )
Fully diluted income (loss) per share- discontinued component $ 0.00 $ 0.64
Fully diluted income (loss) per share $ (0.16 ) $ 0.44
Weighted average of common shares outstanding:
Basic 21,725,718 2,158,841
Fully diluted 21,725,718 2,158,841