KAHI.0021x.0024.LOL.They made.001 profits last Q, and revenues up, and the stock is at .0021.What kind of losers are CEO's lately.Profitable companies do not count anymore=They move down, and scam baggets move up.Unreal.
2002 2001
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NET REVENUES $ 4,547,294 $ 3,777,036
COST OF GOODS SOLD 3,146,225 3,115,338
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The accompanying notes are an integral part of these financial statements.
-2-
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KAIRE HOLDINGS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001
GROSS PROFIT 1,401,069 661,698
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OPERATING EXPENSES
Depreciation and amortization 16,049 120,790
General and administrative 394,768 706,043
Rent 21,877 18,888
Salaries 474,112 240,000
Selling expense 4,662 10,199
Debt issuance costs 22,937 41,667
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Total operating expenses 934,405 1,137,587
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INCOME (LOSS) FROM OPERATIONS 466,664 (475,889)
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OTHER INCOME (EXPENSES)
Interest expense (28,310) (35,283)
Shareholder fees (51,781) -
Gain (loss) on disposal of assets 1,765 -
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Total other income (expenses) (78,326) (35,283)
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INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 388,338 (511,172)
PROVISION FOR INCOME TAXES (800) (400)
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NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) $ 387,538 $ (511,572)
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BASIC EARNINGS (LOSS) PER SHARE $ 0.001 $ (0.005)
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DILUTED EARNINGS (LOSS) PER SHARE $ 0.001 $ (0.005)
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WEIGHTED-AVERAGE SHARES OUTSTANDING - BASIC 317,385,337 111,286,791
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