Um i beg to differ there - Look here Gross Profit
Post# of 45510
Gross Profit (30) ---- In the ( ) means Negative 30,000 -- (Values in 000s | USD)
Period Ending | Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 |
---|---|---|---|---|
Total Revenue | 195 | 31 | 24 | 8 |
Cost of Revenue | 225 | - | 5 | 3 |
Gross Profit | (30) | 31 | 19 | 4 |
Operating Expenses | ||||
Research and Development | - | - | - | - |
Sales, General and Admin. | 5,245 | 810 | 872 | 54 |
Non-Recurring Items | - | - | - | - |
Other | 148 | 11 | 8 | 7 |
Operating Income | (5,422) | (791) | (861) | (57) |
Income From Continuing Operations | ||||
Add'l Income/Expense Items | (468) | (176) | (7) | - |
Earnings Before Interest and Tax | (5,890) | (967) | (868) | (57) |
Interest Expense | 329 | 32 | 13 | 2 |
Earnings Before Tax | (6,219) | (999) | (881) | (59) |
Income Tax | - | - | - | - |
Minority Interest | - | - | - | - |
Equity Earnings Unconsolidated Subsidiary | - | - | - | - |
Net Income Cont. Operations | (6,200) | (999) | (881) | (59) |
Non Recurring Events | ||||
Discontinued Operations | - | - | - | - |
Extraordinary Items | - | - | - | - |
Effect of Accounting Changes | - | - | - | - |
Other Items | - | - | - | - |
Net Income | (6,219) | (999) | (881) | (59) |
Preferred Stock and Other Adjustments | - | - | - | - |
Net Income Applicable to Common Shareholders | (6,219) | (999) | (881) | (59) |
http://www.otcmarkets.com/stock/PNCH/financials