Oops, forgot the most important part... :+)
Mustang.com, Inc.
Statements of Operations
Three Months Ended Nine Months Ended
September 30 September 30
1999 1998 1999 1998
Revenue $ 1,028,566 $ 501,963 $ 2,604,657 $ 1,304,601
Costs of revenue 136,111 41,576 290,964 141,424
Gross profit 892,455 460,387 2,313,693 1,163,177
Research & Development 183,064 148,055 486,918 449,632
Selling & marketing 479,870 240,264 1,006,381 710,357
General & administrative 476,676 337,700 1,220,288 1,025,438
Operating expenses 1,139,609 726,019 2,713,587 2,185,427
Income (loss) from operations (247,154) (265,632) (399,894) (1,022,250)
Other income (expenses),net 17,804 3,086 68,457 13,252
Income (loss) before provision
for income taxes (229,350) (262,546) (331,437) (1,008,998)
Provision (benefit) for
income taxes ---- ---- 800 800
Net income (loss) $ (229,350) $ (262,546) $ (332,237) $(1,009,798)
Net income (loss) per
common share $ (0.05) $ (0.06) $ (0.07) $ (0.28)
Weighted average number
of shares outstanding 4,695,479 4,063,365 4,510,018 3,644,230
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