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Wednesday, March 30, 2011 3:01:04 PM
Revenue -
Gross revenues for the years ended December 31, 2010, were $2,345,546 as compared to $2,491,207 for the same period in 2009. The decrease in revenue for the year ended December 31, 2010 compared with the same period in 2009 was $145,661, or 6% is primarily due to a decrease of $335,000 in consulting revenue partially offset by an increase of $198,750 in salon services revenue.
Net Losses -
Our net loss for the year ended December 31, 2010, decreased to $1,273,486 from $5,148,571 for the year ended December 31, 2009, a decrease of 75%. This decrease is primarily due to a decrease of $2,535,640 of general and administrative expenses and a decrease of $1,000,000 of impairment of goodwill.
Pgs 35 & 36 -
http://otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=46690
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