DAC TECHNOLOGIES GROUP INTERNATIONAL, INC.
Condensed Consolidated Statements of Operations
For The Three Months Ended March 31, 2010 and 2009
Unaudited
2010 2009
Net sales $ 2,006,676 $ 3,533,456
Cost of sales 1,467,920 2,461,760
Gross profit 538,756 1,071,696
Operating expenses
Selling 334,361 445,789
General and administrative 301,049 278,049
Total operating expenses 635,410 723,838
Income (loss) from operations (96,654 ) 347,858
Other income (expense)
Interest expense (22,541 ) (47,053 )
Other income — 14
Total other income (expense) (22,541 ) (47,039 )
Income (loss) before income tax provision (119,195 ) 300,819
Provision (benefit) for income taxes (45,369 ) 116,520
Net income (loss) $ (73,826 ) $ 184,299
Basic and diluted earnings (loss) per share $ (0.01 ) $ 0.03
Weighted average number of common shares:
Basic and diluted 5,793,699 5,857,710
The accompanying selected notes are an integral part of these condensed consolidated financial statements.
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