Value Microcaps Motherboard

[cavan]

Increase
DNDT 12/31/2004 12/31/2003 (Decrease)
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Statements of Operations
Total Revenue $ 15,799,916 $ 8,736,526 $ 7,063,390
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Cost of Revenue:
Costs of revenues 10,237,166 5,499,564 4,737,602
Reserve for slow moving and
Obsolete inventory (770,642) 2,401,221 (3,171,863)
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Total Cost of Revenues 9,466,524 7,900,785 1,565,739
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Percentage of Sales 60% 90%
Gross Profit 6,333,392 835,741 5,497,651
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Percentage of Sales 40% 10%
Operating Expenses:
Research and development 96,298 58,226 38,072
Sales and marketing 2,517,649 1,147,977 1,369,672
General and administrative 1,986,934 1,992,588 (5,654)
Lawsuit Settlement 140,000 0 140,000
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Total Operating Expenses 4,740,881 3,198,791 1,542,090
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Income (Loss) from Operations 1,592,511 (2,363,050) 3,955,561
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Other Income (Expense):
Interest Expense (356,689) (373,208) 16,519
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Income (Loss) Before Income Tax Expense 1,235,822 (2,736,258) 3,972,080
Income Tax Expense (Benefit) 800 0 800
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Net Income (Loss) $ 1,235,022 $ (2,736,258) $ 3,971,280
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Net (Loss) Per Share
Basic .05 (.12) .17
Diluted .05 N/A N/A




Results of Operations http://biz.yahoo.com/e/050415/dndt.ob10ksb.html