Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (114970)	5/20/2003 6:52:20 PM
From: Taki	Read Replies (1) \| Respond to of 150070

TFCT losses again.Revenues way down.This clown ever going to turn things around?I had sold it before the huge split. PR after PR, and nothing going. RESULTS OF OPERATIONS INCOME STATEMENT The Company ended the first quarter of 2003 with a loss of $267,407 as compared to a gain of $42,558 in the first quarter of 2002. The loss is primarily due to expenses related to the recapitalization which occurred in the first quarter of 2003 and a temporary decrease in sales. Net revenue decreased from $728,758 in the three months ended March 31, 2002 to $172,278 in the three months ended March 31, 2003. Management continued their focus on reducing General and Administrative expense with a 32% reduction from $396,293 in the first quarter of 2002 to $268,152 in the first quarter of 2003. BALANCE SHEET Total assets decreased from $4,775,069 to $2,466,682 respectively in the first quarter of 2002 and 2003. This reflects management's current attempts to collect receiveables and reduce inventory in stock as well as the 2002 year-end write off and reserving of notes and accounts receiveables and licenses deemed uncollectible or unuseful. Accounts receiveable decreased 86% from $1,071,222 on March 31, 2002 to $144,929 on March 31, 2003. Inventory decreased 39% from $820,704 to $499,612 during the same respective periods. Current liabilities were reduced $753,128 or 43% from $1,739,831 on March 31, 2002 to $986,703 on March 31, 2003. Total Liabilities were reduced from $2,280,358 to $1,787,562 for the same respective periods.