To all:
Net loss of 0.10 a share for 1997, they better satrt selling and get
insurance reimbersment, for this stock to back over $4.00.
CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
Year ended May 31,
----------------------------------------------------
1997 1996 1995
------------ ------------ ------------
<S> <C> <C> <C>
Revenues
Equipment sales $ 1,625,150 $ 2,507,528 $ --
Equipment rentals and services 471,412 175,600 --
------------ ------------ ------------
2,096,562 2,683,128 --
------------ ------------ ------------
Costs and expenses
Cost of sales and services 1,020,047 609,136
Selling, general and administrative 4,155,552 3,738,789 2,172,555
Research and development 1,045,184 364,455 598,178
Depreciation and amortization 333,482 269,443 117,851
Write-off of accounts receivable 225,000
Provision for uncollectable note 318,000
Interest and financing costs 8,511 515,451 2,523
Interest and other income - net (174,810) (171,001) (91,813)
------------ ------------ ------------
6,612,966 5,326,273 3,117,294
------------ ------------ ------------
NET LOSS $ (4,516,404) $ (2,643,145) $ (3,117,294)
------------ ------------ ------------
Net loss per common share $ (.10) $ (.07) $ (.10)
------------ ------------ ------------
Weighted average common shares
outstanding 46,297,142 39,226,258 30,519,640
------------ ------------ ------------
</TABLE> |
