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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Harold V who wrote (3096)	6/15/2000 12:22:00 AM
From: Jamey	Read Replies (1) \| Respond to of 3222

Harold, this is from the 10Q THREE MONTHS ENDED APRIL 30, 2000 AND 1999 2000 1999 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Net sales $ 5,289,422 $ 900,787 Cost of sales 4,327,984 493,255 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Gross profit 961,438 407,532 Selling, general and administrative expenses 619,834 395,668 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Income from operations 341,604 11,864 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Other income (expenses): Interest expense (84,346 ) (23,424 ) Loss on foreign currency exchange (2,401 ) (1,288 ) Interest income 24,010 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- (62,737 ) (24,712 ) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Income (loss) before income taxes (benefit) 278,867 (12,848 ) Income tax (benefit) 5,996 (16,900 ) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Net income $ 272,871 $ 4,052 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Earnings per share information: Basic $ .01 $ .00 Fully diluted $ .01 $ .00 ************************************************* See notes to consolidated financial statements. Financing activities: Proceeds from issuance of common stock and subscriptions 610,000 92,500 Proceeds from financing 70,000 90,000 Payment of debt (49,839 ) (66,849 ) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Net cash provided by financing activities 630,161 115,651 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Effect of exchange rate changes on cash (53,300 ) (5,924 ) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Net increase in cash 426,029 40,742 Cash, beginning of period 363,372 66,052 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Cash, end of period $ 789,401 $ 106,794 ***************************************************** Santiago