Summary of Income Statement

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Summary of Income Statement

posted on Feb 10, 2009 11:44AM


three months ended		For the nine months ended
	December 31,			December 31,
	2008			2007		2008		2007
				(as restated)				(as restated)
	$			$		$		$
REVENUES:
Products and services		256,033			1,190,847			808,190		4,811,262
Patent licensing		3,650,000			-			5,250,000		-
Total revenue		3,906,033			1,190,847			6,058,190		4,811,262

GROSS PROFIT:
Products and services		102,469			396,351			334,959		1,239,864
Patent licensing		2,184,081			-			3,222,755		-
Total gross profit		2,286,550			396,351			3,557,714		1,239,864

RECONCILIATION:
Total segment gross profit		2,286,550			396,351			3,557,714		1,239,864
Operating expenses		(688,919	)		(727,597	)	(2,131,061	)	(2,166,936
Other income (expense)		(49,836	)		(66,125	)	(312,898	)	(221,445
Income (loss) before provision for income taxes		1,547,795

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