To: Taki who wrote (106384 ) 6/7/2002 1:19:34 PM From: Taki Read Replies (1) | Respond to of 150070 KAHI.0021x.0024.LOL.They made.001 profits last Q, and revenues up, and the stock is at .0021.What kind of losers are CEO's lately.Profitable companies do not count anymore=They move down, and scam baggets move up.Unreal. 2002 2001 ---------------- ------------------- NET REVENUES $ 4,547,294 $ 3,777,036 COST OF GOODS SOLD 3,146,225 3,115,338 ---------------- ------------------- The accompanying notes are an integral part of these financial statements. -2- -------------------------------------------------------------------------------- KAIRE HOLDINGS INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001 GROSS PROFIT 1,401,069 661,698 ------------- ------------- OPERATING EXPENSES Depreciation and amortization 16,049 120,790 General and administrative 394,768 706,043 Rent 21,877 18,888 Salaries 474,112 240,000 Selling expense 4,662 10,199 Debt issuance costs 22,937 41,667 ------------- ------------- Total operating expenses 934,405 1,137,587 ------------- ------------- INCOME (LOSS) FROM OPERATIONS 466,664 (475,889) ------------- ------------- OTHER INCOME (EXPENSES) Interest expense (28,310) (35,283) Shareholder fees (51,781) - Gain (loss) on disposal of assets 1,765 - ------------- ------------- Total other income (expenses) (78,326) (35,283) ------------- ------------- INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 388,338 (511,172) PROVISION FOR INCOME TAXES (800) (400) ------------- ------------- NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) $ 387,538 $ (511,572) ============= ============= BASIC EARNINGS (LOSS) PER SHARE $ 0.001 $ (0.005) ============= ============= DILUTED EARNINGS (LOSS) PER SHARE $ 0.001 $ (0.005) ============= ============= WEIGHTED-AVERAGE SHARES OUTSTANDING - BASIC 317,385,337 111,286,791 ============= =============