SCOTTSDALE SCIENTIFIC, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
GIVING RETROACTIVE EFFECT TO THE MERGER
WITH NUTRICOLOGY, INC.
FOR THE YEAR ENDED DECEMBER 31, 1998 AND 1997
Year Ended Year Ended
December 31, 1998 December 31, 1997
Revenues $ 13,450,758 $ 12,367,629
Cost of Sales 8,044,907 7,087,734
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Gross Profit 5,405,851 5,279,895
Operating Expenses
Selling, General and Administrative 5,681,056 4,665,348
Research and Development 930,592 34,017
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Total Operating Expenses 6,611,648 4,699,365
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Operating Loss (1,205,797) 580,530
Other Income (Expense)
Interest Income 2,119 1,864
Interest Expense (47,901) (40,249)
Loss on Disposal of Fixed Assets (9,432) 0
Other, Net 0 5,101
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Total Other Income (Expense) (55,214) (33,284)
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Net Loss Before Benefit For Income Taxes (1,261,011) 547,246
Benefit For Income Taxes (Note 9) 134,150 44,972
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Net Loss Available to Common Stockholders $ (1,126,861) $ 502,274
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Net Loss Per Weighted Share of Common Stock $ (0.08) $ 0.17
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Weighted Shares Outstanding 13,617,386 2,875,000
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