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Nettaxi.com
Condensed Consolidated Statement of Operations
Three Months Ended Year Ended
December 31, December 31,
1998 1999 1998 1999
Net Revenues $145,200 $2,051,900 $258,000 $5,032,800
Operating
Expenses:
Cost of
operations 117,500 2,089,200 239,800 4,003,800
Sales,
Marketing
and
Administrative 488,400 2,355,400 1,813,100 8,244,800
Research
and
development 116,900 601,500 634,700 2,186,700
Asset
Impairment 667,000 -- 667,000 --
Total
Operating
Expenses 1,389,800 5,046,100 3,354,600 14,435,300
Loss From
Operations (1,244,600) (2,994,200) (3,096,600) (9,402,500)
Other Income
(Expense): 1,300 (120,000) (30,500) (351,100)
Loss Before
Income Taxes (1,243,300) (3,114,200) (3,127,100) (9,753,600)
Income Tax
Expense -- 30,100 800 126,800
Net Loss
Available
to Common
Shareholders $ (1,243,300)$ (3,144,300) $ (3,127,900) $ (9,880,400)
Basic and
Diluted Loss
Per Common
Share $ (0.06)$ (0.14) $ (0.20) $ (0.46)
Weighted Avg.
Common
Shares
Outstanding 21,110,000 21,696,811 15,499,781 21,274,203
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Contact:
Company Contact:
Nettaxi.com
Glenn Goelz, 408.879.9880
ggoelz@nettaxi.com
or
Investor Relations:
FOCUS Partners LLC
Harvey Goralnick, 212.752.9445
hg@focuspartners.com |
