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Non-Tech : PFSD: Pacific Sands, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (47)	9/29/2006 5:39:52 PM
From: Qone0	Read Replies (1) \| Respond to of 55

It would not have been profitable without the A/P write off of $39,915. True but that washed against this old bad debt the way I read it. Did it not? Approximately 10% of our total expenses for the year reflect a one-time write-off of what management now believes to be a noncollectible debt from an invoice generated by previous management. This debt is owed to the company from an invoice generated by former management dated January 17, 2002 for a prototype project called the Hurriflow Wastewater System. For the fiscal year ending June 30, 2006 the company wrote off the final $59,551 of this invoice.

To: Peter Dierks who wrote (47)	2/19/2008 10:01:37 PM
From: Peter Dierks	Respond to of 55

Six Months Six Months Dec 31 '07 Dec 31 '06 Net Sales 333,041 226,126 GOGS 131,443 106,723 Gross Profit 201,598 119,403 Selling Expenses 409,761 537,951 Interest Expense (8,878) (24,707) Other Income 5,000 Other Expenses Net Gain (Loss) (212,041) (443,255) I guess it is a little less bad. 12 Months 12 Months Jun 30 '07 Jun 30 '06 Net Sales 596,774 433,918 GOGS 230,724 183,181 Gross Profit 366,050 250,737 Selling Expenses 876,016 582,123 Interest Expense (41,545) (9,119) Other Income 414 39,915 Other Expenses 9,653 Net Gain (Loss) (551,097) (310,211) sec.gov