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eLayaway, Inc. ELAY
Posted On: 04/03/2013 6:02:06 PM
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Posted By: gramps1942













From 10-K .Results of Continuing Operations

Revenue. For the year ended December 31, 2012, our revenue was $116,153, compared to $105,400 for the same period in 2011, representing an increase of 16.1%. This increase in revenue was primarily attributable to increased sales. Actual revenue for 2012, including discontinued operations, was $195,092, which was an increase of $78,939, or 74.9%.

Gross Profit (Loss). For the year ended December 31, 2012, our gross profit was $66,545, compared to a gross loss of $198,240 for the same period in 2011, representing a decrease of 66.4%. This decrease in our gross loss resulted primarily from the decrease in cost of sales ($49,608 and $303,640, for the year ended December 31, 2012 and 2011, respectively), which primarily was due to the decrease in payroll costs.














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