Do me a favor mark, point to where the salaries are carried in this table.
THREE MONTHS ENDED NINE MONTHS ENDED
MARCH 31, MARCH 31,
------------------------------- -------------------------------
1999 1998 1999 1998
------------ ------------ ------------ ------------
(UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED)
Sales
Product ..................................... $ 3,762,000 $ 166,000 $ 5,387,000 $ 403,000
Telephone and Internet services ............. 508,000 159,000 1,056,000 450,000
------------ ------------ ------------ ------------
Total sales ............................ 4,270,000 325,000 6,443,000 853,000
------------ ------------ ------------ ------------
Cost of sales
Product ..................................... 1,855,000 113,000 2,642,000 254,000
Telephone and Internet services ............. 305,000 65,000 796,000 321,000
------------ ------------ ------------ ------------
Total cost of sales .................... 2,160,000 178,000 3,438,000 575,000
------------ ------------ ------------ ------------
Gross profit ..................................... 2,110,000 147,000 3,005,000 278,000
------------ ------------ ------------ ------------
Operating expenses
Research and development expenses ........... 492,000 511,000 1,358,000 1,017,000
Selling, general, and administrative
Expenses ................................. 1,244,000 1,210,000 3,797,000 2,698,000
------------ ------------ ------------ ------------
Total operating expenses ............... 1,736,000 1,721,000 5,155,000 3,715,000
------------ ------------ ------------ ------------
Income (loss) from operations .................... 374,000 (1,574,000) (2,150,000) (3,437,000)
------------ ------------ ------------ ------------
Other income (expense)
Interest income ............................. 35,000 101,000 126,000 167,000
Interest expense ............................ (1,000) (10,000) (26,000) (41,000)
Other income ................................ (26,000) 71,000 (22,000) 71,000
------------ ------------ ------------ ------------
Total other income ..................... 8,000 162,000 78,000 197,000
------------ ------------ ------------ ------------
Income (loss) before provision
for income taxes ................................. 382,000 (1,412,000) (2,072,000) (3,240,000)
Provision for income taxes ....................... -- -- -- --
------------ ------------ ------------ ------------
Net income (loss) ................................ $ 382,000 $ (1,412,000) $ (2,072,000) $ (3,240,000)
============ ============ ============ ============
Basic net income (loss) per common share ......... $ .02 $ (.09) $ (.10) $ (.22)
============ ============ ============ ============
Diluted net income (loss) per common share ....... $ .01 $ (.09) $ (.10) $ (.22)
============ ============ ============ ============
Weighted average common shares outstanding used to compute basic
net income (loss) per common share ........... 24,104,627 16,334,147 21,264,724 15,097,788
============ ============ ============ ============
Weighted average common shares outstanding used to compute diluted
net income (loss) per common share ........... 25,858,081 16,334,147 21,264,724 15,097,788
============ ============ ============ ============ |
