Awaysis Capital Inc. (AWCA)

[flemsnopes]

RESULTS OF OPERATIONS

For the Three Months Ended September 30, 2011 Compared to the Three Months Ended September 30, 2010

During the three months ended September 30, 2011 and September 30, 2010, we recognized $87,572 and $32,245 from our service office operations. The increase of $55,327 is a result of an increase in clients. During the three months ended September 30, 2011 and 2010, we incurred cost of revenues of $15,515 and $19,018, respectively. During the three months ended September 30, 2011 and 2010, we recognized resulting gross profits of $72,057 and $13,227, respectively. The resulting increase in gross profits is a result of the increase in revenues offset by a decrease in cost of revenues.

During the three months ended September 30, 2011, we incurred operational expenses of $164,858. During the three months ended September 30, 2010, we incurred $126,236 in operational expenses. The increase of $38,622 was a result of an $8,735 increase in general and administrative expenses, a $23,131 increase in accounting and audit fees, and a $6,368 increase in salary expenses.

During the three months ended September 30, 2011, we incurred a net loss of $92,031. During the three months ended September 30, 2010, we incurred a net loss of $113,010. The decrease of $20,979 was a result of the increase of $55,327 in revenues offset by a $38,622 increase in operational expenses, as discussed above.