MRKL - Markland Technologies, Inc. Message Board

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Technology Stocks : MRKL - Markland Technologies, Inc.

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From: Topannuity	4/26/2006 10:19:25 PM
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Can anyone make heads or tails of this income statement finance.yahoo.com MRKL.PK Sales increased 10x from 2003 to 2004 and again 10x from 2004 to 2005. Yes, 100 times from $659,000 to $66 million in 2 years. Company lost money b/c high selling expenses. What I really don't understand is a $10,000,000 interest expense in 2005. finance.yahoo.com MRKL.PK Total liabilities are $30,000,000 - so even if all this was debt - how could the interest on that debt be $10,00,000? That would be paying interest at the rate of 33% a year? Are they borrowing from loan sharks? What's going on?

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