06-29-2005, 01:17 PM
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Confirmed User
Join Date: Jul 2004
Location: boogers
Posts: 5,791
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Quote:
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Originally Posted by WiredGuy
I don't know KB, to be honest, seeing the financial statements makes me worried.
Code:
Results of Operations
The following table includes consolidated statements of operations data for the
three months ended March 31, 2005 and 2004 expressed as dollar amounts and as a
percentage of revenues.
Three Months Three Months
Ended March 31 Ended March 31
-------------- --------------
2005 2004 2005 2004
---------- ---------- ---------- ----------
(Percentage) (Percentage)
Revenues
Website Revenue $ 45,708 $ 1,891 100.00 100.00
---------- ---------- ---------- ----------
Total Revenue $ 45,708 $ 1,891 100.00 100.00
Cost of Revenue
Affiliate Costs 1,861 447 4.00 24.00
Website Hosting 53,358 3,699 117.00 196.00
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Total cost of revenues 55,219 4,146 121.00 219.00
Operating Expenses
Selling, general and administrative 370,718 177,331 811.00 9,378.00
Depreciation 38,559 4,545 78.00 240.00
Stock Based Compensation 214,626 0 470.00 0
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Total operating expenses 623,903 181,876 1,359.00 9,618.00
Operating Loss (633,414) (184,131)
Other Expense
Interest 46,985 168,332 103.00 8,902.00
Financing Costs 15,000 0.00 793.00
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Total other expense 46,985 183,332 103.00 9,695.00
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Net Loss $ (680,399) $ (367,463)
Those are some serious losses and it seems that hosting costs alone is exceeding income. I don't want to seem like I'm coming down on mobbucks, but it would be nice to see some positive returns before using a program that has been making substancial losses for 2 consecutive quarters. I'm just thinking about the long term viability here.
WG |
where did you get that information from?
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i luv mainstream
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