This came out at 9:40 this morning.
Nothing new...but very nice.
Welcome to the "Bridges"
DM
The Bridges year-end results
The Bridges Initiatives Inc BIT
Shares issued 8,496,250 Jan 25 close
Tue 26 Jan 99
News Release
Mr. Norman Thompson reports
The Bridges has released its 1998 financial results.
STATEMENT OF OPERATIONS
Year ended Nov. 30
1998 1997
Revenue
On-line services $2,868,710 $1,014,417
Other services 145,435 293,619
---------- ----------
3,014,145 1,308,036
Expenses
Direct content
and delivery 732,288 466,053
General selling
and admin 1,058,632 604,769
---------- ----------
1,790,920 1,070,822
Income from
operations before
amortization 1,223,225 237,214
Amortization of
capital assets 45,329 57,418
Amortization of
deferred develop-
ment costs 308,821 290,854
Income (loss) from
operations before
other income 869,075 (111,058)
Interest income 17,426 810
Income (loss)
before taxes 886,501 (110,248)
Income taxes
Current 253,760 -
Deferred 127,585 -
---------- ----------
381,345 -
Use of loss
carryovers (311,203) -
Realization of
unrecorded de-
ferred tax assets
from prior periods (127,585) -
Realization of
deferred income
tax (57,443) -
---------- ----------
Net income (loss) $943,944 $(110,248)
========== ==========
Earnings (loss)
per share 11 cents (1 cent) |
