ICIZF Financials 07/15/2014 19:51:33 Innovative C

ICIZF Financials 07/15/2014 19:51:33
Innovative Composites International, Inc.
Period Ending Sep 30, 2013 Sep 30, 2012 Oct 01, 2011 Oct 01, 2010
Total Revenue 3,261 3,012 487 140
Cost of Revenue 3,181 2,884 658 122
Gross Profit 80 127 (171) 18
Operating Expenses
Research and Development 1,169 2,442 1,861 1,242
Sales, General and Admin. 5,111 8,591 3,294 1,762
Non-Recurring Items 165 - - 644
Other - - - 363
Operating Income (6,366) (10,906) (5,326) (3,993)
Income From Continuing Operations
Add'l Income/Expense Items (2) 121 (3,729) (262)
Earnings Before Interest and Tax (6,368) (10,785) (9,054) (4,255)
Interest Expense 244 456 368 223
Earnings Before Tax (6,611) (11,241) (9,422) (4,478)
Income Tax (233) (75) - -
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (6,379) (11,166) (9,422) (4,478)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (6,379) (11,166) (9,422) (4,478)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (6,379) (11,166) (9,422) (4,478)