Coil Tubing Tech Inc (CTBG)

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Here it is from IHUB

http://ih.advfn.com/p.php?pid=nmona&article=54547858


From pages 9 & 10 of the filing.....


SUMMARY CONSOLIDATED BALANCE SHEETS INFORMATION
JUNE 30, 2012 AND DECEMBER 31, 2011

June 30, December 31,
2012 2011
Assets (unaudited)

Current Assets:
Cash $ 637,592 $ 225,750
Accounts receivable, net 1,844,974 1,580,901
Other current assets 76,644 54,490
Total Current Assets 2,559,210 1,861,141

Rental tools, net 3,930,585 3,566,766
Property and equipment, net 537,862 500,696
Intangible assets, net 1,073,331 1,113,333
Total Assets $ 8,100,988 $ 7,041,936

Liabilities and Stockholders' Equity

Current Liabilities:
Accounts payable $ 802,588 $ 1,146,736
Accrued liabilities 461,202 276,820
Related party notes payable - current 155,556 155,556
Notes payable - current 61,617 73,818
Total Current Liabilities 1,480,963 1,652,930

Long Term Liabilities:
Related party notes payable, net of current portion 324,073 401,851
Notes payable, net of current portion 159,998 203,593
Total Liabilities 1,965,034 2,258,374

Commitments and contingencies

Stockholders' Equity:
Preferred Stock, $.001 par value, 5,000,000 shares authorized
Series A Preferred Stock, $.001 par value, 1,000,000 shares authorized;
0 shares issued and outstanding - -
Series B Convertible Preferred Stock, $.001 par value, 1,000,000 shares
authorized; 1,000,000 shares issued and outstanding 1,000 1,000
Common Stock, $.001 par value, 200,000,000 shares authorized;
15,651,827 and 15,599,327 shares issued and outstanding, respectively 15,652 15,599
Subscription receivable (800,000 ) (1,400,000 )
Additional paid-in capital 9,165,535 9,113,088
Accumulated deficit (2,246,233 ) (2,946,125 )
Total Stockholders' Equity 6,135,954 4,783,562

Total Liabilities and Stockholders' Equity $ 8,100,988 $ 7,041,936





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SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS INFORMATION
THREE AND SIX MONTHS ENDED JUNE 30, 2012 AND 2011


Three Months Ended Six Months Ended
June 30, June 30,
2012 2011 2012 2011
Revenue:
Product revenue $ 51,973 $ 234,914 $ 102,411 $ 437,238
Rental revenue 2,028,750 853,472 4,243,395 1,298,064
Total revenue 2,080,723 1,088,386 4,345,806 1,735,302

Cost of revenue:
Cost of products and rental revenue 682,441 333,786 1,334,444 609,284
Cost of revenue - depreciation of rental tools 245,235 106,928 469,433 165,439
Total cost of revenue 927,676 440,714 1,803,877 774,723

Gross profit 1,153,047 647,672 2,541,929 960,579

Operating Expenses:
Selling and marketing 514,634 248,835 1,033,763 421,092
General and administrative 373,609 127,355 680,950 312,271
Depreciation and amortization 60,265 39,362 118,187 76,845
Total operating expenses 948,508 415,552 1,832,900 810,208

Income from operations 204,539 232,120 709,029 150,371

Other expense:
Interest expense (4,699 ) (8,403 ) (9,137 ) (23,643 )
Total other expense (4,699 ) (8,403 ) (9,137 ) (23,643 )

Net income $ 199,840 $ 223,717 $ 699,892 $ 126,728

Net income per share :
Basic $ 0.01 $ 0.04 $ 0.04 $ 0.03
Diluted $ 0.01 $ 0.03 $ 0.04 $ 0.03

Weighted average common shares outstanding:
Basic 16,411,333 6,040,131 16,409,314 3,904,915
Diluted 18,732,517 7,013,346 18,730,498 4,878,130