GNBA Financials 07/16/2014 17:33:22 Groen Brother
Post# of 3
Groen Brothers Aviation, Inc.
Period Ending Jun 30, 2012 Jun 30, 2011 Jun 30, 2010
Total Revenue 12 4 75
Cost of Revenue 7 10 269
Gross Profit 5 (6) (194)
Operating Expenses
Research and Development 1,541 1,622 1,231
Sales, General and Admin. 2,013 2,399 1,111
Non-Recurring Items - - -
Other - - -
Operating Income (3,549) (4,027) (2,536)
Income From Continuing Operations
Add'l Income/Expense Items (6,590) (6,238) (5,917)
Earnings Before Interest and Tax (10,139) (10,265) (8,453)
Interest Expense 15,670 13,043 10,968
Earnings Before Tax (25,809) (23,308) (19,421)
Income Tax - - -
Minority Interest - - -
Equity Earnings Unconsolidated Subsidiary - - -
Net Income Cont. Operations (25,240) (23,221) (19,345)
Non Recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect of Accounting Changes - - -
Other Items - - -
Net Income (25,809) (23,308) (19,421)
Preferred Stock and Other Adjustments - - -
Net Income Applicable to Common Shareholders (25,809) (23,308) (19,421)