DAC Technologies Group International, Inc (DAAT)

[10 bagger]

DAAT.. $0.61 Look out below..

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.