Looks like all the income came from crim stock sales :"ZIASUN TECHNOLOGIES, INC. AND SUBSIDIARIES
(Formerly BestWay U.S.A., Inc.)
Consolidated Statements of Operations
For the Years Ended
December 31
1998
1997
SALES, NET
$ 2,289,158
$ 884,764
COST OF GOODS SOLD
811,571
552,210
Gross Profit
1,477,587
332,554
OPERATING EXPENSES
Depreciation expense 98,496
49,200
General and administrative
1,334,303
202,035
Total Operating Expenses
1,432,799
251,235
Income from Operations
44,788
81,319
OTHER INCOME (EXPENSE)
Realized gain on marketable securities 535,801
Unrealized gain on marketable securities 712,438
Rental income 34,757 18,297
Interest income 13,048 70,688
Bad debt expense (36,320) 350
Loss on sale of assets (135,644) (27,796)
(707)
Total Other Income (Expense) 1,124,080 60,832
INCOME BEFORE INCOME TAXES 1,168,868
INCOME TAXES (Note 5) 16,658
NET INCOME 1,152,210
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 2,426,200
BASIC INCOME PER SHARE 0.47"
So what's that? 96% of income from non-operating activities! Is it real?
$
142,151
605
$ 141,546
25,000
5.67
The accompanying notes are an integral part of these financial statements.
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