"For the six months ended June 30, 1999, as compared to the same period in 1998, revenues increased to $267,211 from $137,637, a 94 percent improvement; operating expenses decreased to $3,184,854 from $4,694,336, a 32 percent improvement; and the operating loss declined to $2,917,643 from $4,556,699, a 36 percent improvement. The results from discontinued operations were a net loss of $161,988 compared to a loss of $1,060,758 for the comparable period in 1998. Combined with the net gain on the disposal of the discontinued operation of $4,541,689, the overall combined net gain for the six-month period was $1,404,534."
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