sweet alert at .15 now and we know next they will do an attorneys letter to get current.
better mark this one all as this is a heck of a fin today.
keep the early dd coming now as the float is very small on that kind of shareholder equity.
March 31, 2012
Revenues
Sales $ 571,952
License fees 2,215,000
Total Revenues 2,786,952
Cost of Goods Sold 172,746
Gross Profit 2,614,206
Operating Expenses
340,991
Payroll 164,979
Depreciation and amortization 36,849
Total Operating Expenses 542,820
Net Profit from Operations 2,071,386
Other (Expenses)
Interest expense 225,271
Gain on sale equity method investment 794,000
Total Other (Expense) 1,019,271
Net Profit Before Provision for Income Tax 3,090,657
Provision for Income Taxes -
Net Profit $ 3,090,657
Basic and diluted earning per share 0.06
Weighted average number of common shares - basic and diluted 49,250,000
June 30, 2011 June 30, 2010
Revenues $ 557,557 $ 637,014
Cost of Goods Sold 179,191 229,217
Gross Profit 378,366 407,797
Operating Expenses
General and administrative 428,388 366,696
Payroll expense 225,251 228,946
Depreciation and amortization 49,133 49,133
Total Operating Expenses 702,772 644,774
Net Loss from Operations (324,406) (236,977)
Other Expenses
Interest expense (278,000) (468,000)
Loss on equity method investment (349,000) (249,000)
Total Other Expense (627,000) (717,000)
Net Loss Before Provision for Income Tax (951,406) (953,977)
Provision for income taxes - -
Net Loss $ (951,406) $ (953,977)
Basic and diluted earning (loss) per share (0.02) (0.02)
Weighted average number of common shares - basic and diluted 49,250,000 42,000,000
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