From the 10Q, need salesmen.
DESTINY MEDIA TECHNOLOGIES INC.
(A Development Stage Company)
Interim Consolidated Statements of Operations
(Expressed in U.S. Dollars)
Period from
August 24, 1998
Nine months ended Three months (inception)
May 31, May 31, May 31, May 31, to May 31,
2000 1999 2000 1999 2000
---------- --------- ---------- ----------- ---------------
(unaudited) (unaudited) (unaudited)
Sales $ 11,636 $ - $ 7,956 $ - $ 11,636
Operating expenses
Advertising and promotion 109,264 - 85,500 - 109,264
Amortization 66,809 - 31,904 - 66,809
Bank charges and interest 2,958 - 982 - 2,958
Consulting 27,510 - 22,378 - 27,510
Filings and listings 8,308 450 8,233 - 8,758
Financing 16,832 - - - 16,832
Management fees 104,534 27,125 49,583 11,833 143,492
Marketing 121,119 - 73,944 - 121,119
Meals and entertainment 2,756 - 1,385 - 2,756
Office and miscellaneous 13,508 6,689 6,824 2,684 22,882
Professional fees 74,228 1,681 52,722 287 76,196
Rent 31,554 5,300 14,124 2,700 39,554
Repairs and maintenance 2,565 - 2,083 - 2,565
Shareholder relations & transfer agent 17,784 600 12,732 150 18,534
Subcontracts 33,818 - 17,138 - 33,818
Trademark 5,810 - - - 5,810
Telephone and telecommunications 24,020 - 12,295 - 24,020
Travel 19,909 - 14,685 - 19,909
Wages and benefits 199,908 - 102,670 - 199,908
Write-off of goodwill 8,777 - 8,777 - 8,777
Write-off of products under development 4,398 - 4,398 - 4,398
Write-off of in-process research and
development 33,846 - - - 33,846
---------- --------- ---------- ----------- -------------
930,215 41,845 522,357 17,654 989,715
Interest income 2,898 - 907 - 2,898
---------- --------- ---------- ----------- -------------
Loss for the period $(915,681) $(41,845) $(513,494) $ (17,654) $ (975,181)
========== ========= ========== ============ =============
Net loss per common share, basic and diluted $ (0.043) $ (0.004) $ (0.023) $ (0.001) $ (0.062) |
