RESULTS OF OPERATIONS
For the six months and three months ended March 31, 2007 with six months and three months ended March 31, 2006
The Company had revenues of $174,289 and $54,287 during the six months and three months ended March 31, 2007. This represents a 53% decrease and 82% decrease respectively as compared to $371,036 and $306,320 of revenues for the six months and three months ended March 31, 2006. Revenues for the six months ended March 31, 2007 consisted primarily of engineering services and bio-remediation of hydro-carbons in contaminated soil for projects in Mexico. The cost of revenues for the six months and three months ended March 31, 2007 were $44,496 and $26,432 compared to $244,400 and $160,640 for the same period in 2006. Gross profit for the six months and three months ended March 31, 2007 was $129,793 and $27,855 or 74% and 51% of sales compared to a gross profit of $126,636 and $145,680 or 34% and 48% of sales for the corresponding period in fiscal 2006.
Selling, general and administrative ("SG&A") expenses for the six months and three months ended March 31, 2007 totaled $1,973,916 and $1,053,793 compared to $1,828,288 and $912,264 for the same period in fiscal 2006. SG&A expenses for the six months ended March 31, 2007 consisted mainly of occupancy, payroll, accounting, legal fees and consulting services. Depreciation expense for the six months and three months ended March 31, 2007 totaled $27,334 and $13,162 compared to $27,681 and $13,709 for the same period in fiscal 2006.
The Company incurred a loss from operations of $1,871,457 and $1,039,100 during the six months and three months ended March 31, 2007 and had negative cash flows from operations of $1,262,383 during the six months ended March 31, 2007, compared to a loss from operations of $1,729,333 and $780,293 for the six months and three months ended March 31, 2006 and negative cash flows from operations of $1,029,090 for the six months ended March 31, 2006. Basic and diluted net loss per share was $(0.00) and $(0.00) for the six months and three months ended March 31, 2007 and $(0.01) and $(0.00) for the six months and three months ended March 31, 2006.
Aber naja, könnten besser sein. Hier is weiter Geduld gefragt !!