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jermart

10/28/11 4:00 PM

#2822 RE: spaderox #2821

Care to explain the first quarter revenue 228 thousand net loss 380 thousand>>>>>>>>2011 2010
Revenue, net $ 228,828 152,176
Cost of sales 102,847 76,029
Gross profit 125,981 76,147

Operating Expenses
Selling expenses 49,163 8,340
General and administrative expenses 457,390 128,017
Total operating expenses 506,553 136,357
Income (loss) from operations (380,572 ) (60,210 )
Non-operating income (expenses)
Other income - 5,766
Net (loss) before income taxes (380,572 ) (54,444 )
Income taxes - -

Net (loss) $ (380,572 ) (54,444 )
Earnings (loss) per share of common stock $ (0.01 ) (0.00 )
Weighted average shares of common stock outstanding 63,514,058