Here is what I found, not an expert at reading these,
Twelve Months
Three Months Ended September 30 Nine Months Ended September 30 Ended
1998 1997 1998 1997 Dec. 31, 1997
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(Audited)
<S> <C> <C> <C> <C> <C>
Total Revenues $ 318,038 $ 1,005,720 $ 900,336 $ 2,418,584 $ 2,365,042
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Operating Expenses:
Salaries & Contract Services 445,410 1,624,590 4,645,676 5,599,190 10,171,693
Payroll taxes and benefits 126,686 202,070 254,713 368,740 586,444
Rent 63,417 85,295 220,293 277,548 402,887
Telephone 44,057 444,529 403,125 1,027,901 1,075,429
Travel and entertainment 5,710 305,670 115,814 1,020,401 840,817
Advertising and promotion ( 48,599) 100,940 25,234 115,063 133,402
Depreciation and amortization 291,482 246,459 648,111 677,761 966,991
Other expenses 199,203 791,456 1,014,154 1,783,457 6,230,121
--------------- ------------- -------------- ------------- ---------------
Total Operating Expenses 1,127,366 3,801,009 7,327,120 10,870,061 20,407,784
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Net (loss) from operations ( 809,327) ( 2,795,289) ( 6,426,783) ( 8,451,477) ( 18,042,742)
Other income (expenses)
Interest Income 4,119 2,804 9,325 29,762 31,897
Interest (expense) ( 72,362) ( 44,217) ( 153,499) ( 213,961) ( 206,451)
--------------- ------------- -------------- ------------- ---------------
Net (loss) $ ( 877,571) $( 2,836,702) $( 6,570,958) $( 8,635,676) $ ( 18,217,296)
=============== ============== ============== ============= ===============
Net (loss) per share: $ (0.02) $ (0.11) $ (0.15) $ (0.35) $ (0.70)
=============== ============== ============== ============= ===============
Weighted Average
Shares Outstanding 51,249,061 26,683,437 42,566,843 24,708,414 26,107,902
=============== ============== ============== ============= ===============
It seems to have been squezed but the number for the period ending 3 qtr is above showing 42,566,843 it also shows the number of shares after the fist qaurter as being 51,249,061 which was more than now.
If I'am reading it wrong I apologize now for my stupidity. |
