Viaspace Inc (fka VSPC)

[tommy 9 fingers]

Now we see the profit in the grass, so look like Chang made $33,000 selling grass to VSPC and KCarl made $2000 for shareholders and Chang will get %8 of that...??? is that right?

Hey doesn't this mean that Carls profit margin is only 7.5% ....LOL wow chang still gets more

Revenues



Revenues were $27,000 and $113,000 for the nine months ended September 30, 2012 and 2011, respectively, a decrease of $86,000. Ionfinity incurred revenues of $113,000 for the nine months ended September 30, 2011 and zero for the nine months ended September 30, 2012 as all US government contracts were completed in 2011. The Company recognized $27,000 from its grass business for the nine months ended September 30, 2012.



Cost of Revenues



Costs of revenues were $25,000 and $78,000 for the nine months ended September 30, 2012 and 2011, respectively, a decrease of $53,000. Ionfinity recorded cost of revenues of $78,000 during the nine months ended September 30, 2011. All US government contracts were completed in 2011. The Company recorded $25,000 as cost of revenues in its grass business for the nine months ended September 30, 2012.



Gross Profit



The resulting effect on these changes in revenues and cost of revenues for the nine months ended September 30, 2012 compared to the same period in 2011 was a decrease in gross profit from $35,000 for the nine months ended September 30, 2011 to $2,000 for the nine months ended September 30, 2012, a decrease of $33,000.