NGMC.075on DD.1).02 per share earnings for the 6 months.Good find by JIM Bishop.I DD it yesterday.
I am watching like a hawk for lower prices to load up big.Looking at the log yesterday surely moves like a rocket.
2)3,6 million in Revenues for the 6 months.
3)Book value at $1,336,009Total stockholders' equity :shares 9,5 million=PER share book value of .14.WOW
4)Small floater=Fastmover.
5)I see no S8s recently.
6)Should trade at .20 minimum IMO at a 10 PE.
7)594 shareholders.
8)72 employees.
TOTAL ASSETS 2,165,172
As of June 30, 2003, the Company had 9,523,397 shares of common stock issued and outstanding.
Total stockholders' equity 1,336,009
Holders of Common Equity
As of April 4, 2003, there were approximately 594 shareholders of record of the Company's common stock.
Employees
As of December 31, 2002, the Company, through United, had approximately 72 employees. The Company does not have any collective bargaining agreements covering any of its employees, has not experienced any material labor disruption and is unaware of any efforts or plans to organize its employees. The Company considers relations with its employees to be good.
Quarter Ended December 31, 2001 .23 .055
Quarter Ended September 30, 2001 .85 .10
Quarter Ended June 30, 2001 2.75 .60
Next Generation Media Corporation
Condensed Consolidated Statement of Earnings (Unaudited)
For The Periods Ended
For the Three Months For the Six Months
Ended Ended
June 30, June 30, June 30, June 30,
2003 2002 2003 2002
REVENUES (Note 1):
Coupon sales, net of discounts $ 1,816,035 $ 2,017,442 $ 3,588,563 $ 3,722,172
Franchise fees 31,100 29,700 57,700 29,700
Total revenues 1,847,135 2,047,142 3,646,263 3,751,872
COST OF GOODS SOLD:
Materials 291,099 330,526 550,097 604,184
Direct labor 438,111 462,641 863,167 883,170
Equipment repairs 7,982 9,265 20,173 24,212
Postage and delivery 555,082 726,573 1,106,893 1,179,478
Payroll taxes from direct labor 33,707 34,737 66,384 67,563
Total cost of goods sold 1,325,981 1,563,742 2,606,714 2,758,607
Gross margin 521,154 483,400 1,039,549 993,265
OPERATING EXPENSES:
401(k) matching (Note 2) 10,500 - 21,000 -
Advertising (Note 1) 18,365 1,628 23,417 2,128
Amortization (Note 1) 33,921 33,742 67,843 67,843
Bad debt expense 7,500 7,500 15,000 15,000
Bank charges 4,390 - 6,362 -
Commissions and fees - 6,517 - 8,508
Credit card fees - 2,634 - 5,371
Depreciation (Note 1) 40,155 42,813 80,310 82,968
Employee benefits 33,186 34,526 74,151 73,702
Insurance - other 5,127 14,638 10,267 30,459
Meals and entertainment 5,080 385 9,978 579
Office expense 7,440 3,926 13,171 9,481
Other expenses 7,727 3,355 31,308 6,092
Payroll 103,872 45,734 199,876 241,832
Payroll taxes 7,512 5,982 22,195 13,518
Postage and delivery 1,210 1,325 2,655 2,781
Professional fees 18,941 39,006 64,368 115,242
Property taxes 3,900 - 7,800 3,900
Rent and pass thru expenses 75,805 43,716 151,188 51,821
Repairs and maintenance 12,030 12,678 17,687 14,791
Telephone 7,596 9,735 16,174 22,787
Travel and conferences - 7,351 141 8,047
Utilities 14,725 6,886 27,081 21,762
Total operating expenses 418,982 377,094 861,972 798,612
Gain/(Loss) from operations 102,172 106,306 177,577 194,653
OTHER INCOME AND EXPENSES:
Interest income 268 - - -
Other income (expense) 1,650 - 1,650 -
Gain/(Loss) on equipment disposal - - - 2,230
Gain/(Loss) on debt settlement - - - (7,793)
Interest expense - (3,993) (1,846) (9,540)
Total other income (expense) 1,918 (3,993) (196) (15,103)
Net Income/(Loss) 104,090 102,313 177,381 179,550
Gain/(Loss) applicable to common
Shareholders 104,090 102,313 177,381 179,550
Basic gain/(loss) per common share
(Note 1) 0.01 0.01 0.02 0.02
Weighted average common
shares outstanding 9,523,397 8,293,727 9,523,397 8,140,248
Diluted gain per common share
(Note 1) 0.01 0.01 0.02 0.02
Fully diluted common shares
Outstanding 10,863,397 10,168,894 10,863,397 10,002,155 |
