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[MCGabriel]

Auf den ersten Blick

Bin aber kein Buchhalter - kann jemand was dazu sagen

[MCGabriel]

Die Zahlen stehn hier:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=000…

[MCGabriel]

Ein Auszug

Fiscal Year 2002
First Quarter Ending March 31, $500.00 $40.00
Second Quarter Ending June 30, $85.00 $5.00
Third Quarter Ending September 30, $65.00 $8.00
Period Ending December 31, $15.00 $5.00
Fiscal Year 2003
First Quarter Ending March 31, $1.00 $0.50
Second Quarter Ending June 30, $75.00 $0.19
Third Quarter Ending September 30, $1.05 $0.35
Period Ending December 31, $0.95 $0.30
Fiscal Year 2004
First Quarter Ending March 31, $0.72 $0.51

[MCGabriel]

Results of Operations



The Year Ended December 31, 2003 Compared to the Year Ended December 31, 2002


The Company`s net revenues for the year ended December 31, 2003 were $1,312,220 compared to $79,648 for the same period ended December 31, 2002. Used equipment sales for the period ended December 31, 2003 were $908,700 compared to $31,380 for the same period in 2002. The Company discontinued retail wireless and internet access in April 2003; revenue from these sources decreased by 63% from $17,894 for the year ended December 31, 2003 to $48,268 for the same period ended December 31, 2002. The Company began test marketing telecommunication minutes to the wholesale market and facilitating equipment sales for a commission in July 2003, The revenue for the year ended December 31, 2003 was $113,948 for telecommunication minutes and $271,327 for commissions compare to $0 in the same period ended December 31, 2002.


Gross margin was 61 percent of revenue for the year ended December 31, 2003 compared to 35 percent for the same period ended December 31, 2002. The gross margins increase is related primarily to the commission revenues that have minimal costs. Gross margin for the year ended December 31, 2003, excluding commission revenues was 51%.


Operating expenses consisting primarily of research and development expense and general and administrative expense increased $1,973,293, to $2,122,163 for the year ended December 31, 2003 compared to $148,870 for the same period ended December 31, 2002. Research and development expense was $1,652,455for the year ended December 31, 2003 compared to $0 in the same period in 2002. These costs are primarily personnel costs. $1,508,061 of this expense was a non-cash charge for the market value of the Company`s common stock issued to engineers for their services during the period. The valuation reserve on inventory decreased from $80,000 for the year ended December 31, 2002 to $0 for the same period ended December 31, 2003. General and administrative expense increased $470,920 to $468,826 in the period ended December 31, 2003 compared to the same period ended December 31, 2002. This was primarily related to increases in salaries and wages of $37,000, a provision for doubtful accounts of 155,000, an increase in depreciation expense of $11,000, and an increase in professional and consulting fees of $203,000 which includes a $35,000 non-cash charge for the market value of stock issued for consulting service and a $125,000 non-cash charge for the fair market value of stock issued to former officers of the Company for consulting services.



Liquidity and Capital Resources


For the year ended December 31, 2003, the Company`s primary source of cash was from operations. During this period $97,176 was generated from operating activities compared to cash used for operating activities of $81,805 during the same period ended December 31, 2002. The positive cash flow from operations for the year ended December 31, 2003 is primarily attributable to the net loss offset by $1,768,000 of non-cash stock issues for consulting fees and an increase in accounts payable and accrued liabilities of $143,000, reduced by an increase in accounts receivable and inventory of $490,000. The negative cash flow from operations during the year ended December 31, 2002 was mainly attributable to the net loss for the period offset by an increase in accounts payable and accrued liabilities.


The Company used cash in the amount of $62,064 for investing activities during the year ended December 31, 2003 compared to $4,119 for the same period ended December 31, 2002.


Cash flow provided by financing activities was $0 during the year ended December 31, 2003 compared to $83,000 during the same period in the prior year. The Company secured a Note Payable to finance inventory purchases in period ended December 31, 2002.


The Company has incurred an accumulated deficit as of December 31, 2003 of $1,663,955. As shown in the accompanying consolidated financial statements, the Company has incurred losses in years ended December 31, 2003 and 2002. The future of the Company is dependent on its ability to generate cash from operations. There can be no assurance that the Company will be able to implement it current operating plan.

[MCGabriel]

Also wenn ich das richtig interpretiere, dann geht es morgen locker übbber den Dollar

[Aomi]

For the year ended December 31, 2003, the Company`s primary source of cash was from operations....

The Company used cash in the amount of $62,064 for investing activities during the year ended December 31, 2003 compared to $4,119 for the same period ended December 31, 2002.


Cash flow provided by financing activities was $0 during the year ended December 31, 2003 compared to $83,000 during the same period in the prior year. The Company secured a Note Payable to finance inventory purchases in period ended December 31, 2002.


The Company has incurred an accumulated deficit as of December 31, 2003 of $1,663,955. As shown in the accompanying consolidated financial statements, the Company has incurred losses in years ended December 31, 2003 and 2002. The future of the Company is dependent on its ability to generate cash from operations. There can be no assurance that the Company will be able to implement it current operating plan.

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=2730…

[MCGabriel]

Aomi das Filing ist so lang, da finde ich sicher auch was Negatives - Könnte Dir Dinge reinstellen, da schnackelst Du mit den Ohren.

Morgen gehts ab ohne Ende Besser gesagt heute

[stuttgarterbulle]

naja ich wills hoffen hab mich heute nämlich eingedeckt

[stuttgarterbulle]

ähhh GESTERN

[MCGabriel]

Wie gesagt bin kein Buchhalter und kann es nicht so richtig deuten

Wir werden sehen

[MCGabriel]

Wenn ich das lese

8. INCOME TAXES




The Company accounts for income taxes under the provisions of Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes," under which the liability method is used to calculate deferred income taxes. Under this method, deferred tax assets and liabilities are determined based on the differences between financial reporting and income tax basis of assets and liabilities and are measured using enacted tax rates and laws that will be in effect when the differences are expected to reverse.



For federal income tax purposes, the Company has available net operating loss carryforwards of approximately $1,388,000 and $206,000 for the years ended December 31, 2003 and 2002, respectively. The net operating loss carryforwards expire through 2018 and are available to offset future income tax liabilities. Temporary differences that give rise to deferred tax assets and liabilities are as follows:




December 31, 2003 December 31, 2002

Allowance for doubtful accounts $ 59,500
$ -

Valuation reserve for inventory $ - $ 23,600
Unpaid liabilities 43,500 15,400
Net operating loss carryforwards 436,900 65,700
539,900 104,700
Valuation Allowance (539,900) (104,700)
Net deferred taxes $ - $ -

Income tax expense (benefit) for the years ended December 31, 2003 and 2002 is summarized as follows:
2003 2002
Current:
Federal $ (363,400) $ (1,700)
State (7,800) (700)
Deferred taxes (64,000) (33,400)
Valuation allowance 435,200 35,800
Income tax expense (benefit) $ - $ -

[MCGabriel]

Sell on good News - buy on bad news. Was zutrifft kann im Moment keiner sagen

Gute Nahct Euch allen

[Nightflight]

...moin...

[Nightflight]

...schön das doch endlich was zu passieren scheint...

...aber könnte das ganze vielleicht irgend jemand halbwegs verständlich auf deutsch interpretieren...

[ACS]

drei bis vier euro bis vor-vorgestern - stimmts super
mcgabriel

[Nightflight]

...das halbjahreskursziel war sicher auch ein druckfehler...

...nicht 6 dollar...6 cent...