ISMR filed their 10-QSB on Friday. The following is their reported income statement:
INTERNET STOCK MARKET RESOURCES, INC.
STATEMENTS OF OPERATIONS
(unaudited)
Three Months Ended Six Months Ended
November 30, November 30,
1999 1998 1999 1998
($) ($) ($) ($)
REVENUES 82,735 48,680 233,826 97,361
EXPENSES
Bad debts 4,188 - 9,081 -
Depreciation & amortization 2,870 2,762 5,740 5,553
Office rent 1,686 3,371 6,106 6,741
General and administrative 49,553 37,191 100,420 74,353
Interest 8,223 5,696 16,952 11,392
Professional fees 7,120 34,736 20,879 69,473
Telephone 4,718 5,318 12,293 10,637
------- ------- ------- -------
TOTAL EXPENSES 78,338 89,074 171,471 178,149
------- ------- ------- -------
INCOME (LOSS) FROM OPERATIONS BEFORE
TAXES 4,377 (40,394) 62,355 (80,788)
PROVISION FOR INCOME TAXES (CREDITS) 1,463 (14,138) 20,827 (28,275)
------- ------- ------- -------
TAX BENEFIT FROM UTILIZATION OF NET
OPERATING LOSS CARRYFORWARDS (1,463) - (20,827) -
NET INCOME (LOSS) 4,377 (26,256) 62,355 (52,513)
======= ======= ======= =======
BASIC NET INCOME (LOSS) PER COMMON
SHARE* 0.01 (0.05) 0.09 (0.14)
======= ======= ======= =======
To bad that the revenue in $151,091 below the first quarter of this year.
Hope ISMR starts coming up with some more signed agreements. They need
more revenue to offset their fixed costs.
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