ARET Financials 07/15/2014 20:10:06 Arete Industr

ARET Financials 07/15/2014 20:10:06
Arete Industries, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 2,574 2,788 1,051 168
Cost of Revenue 1,344 1,793 760 -
Gross Profit 1,230 995 291 168
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 485 1,173 1,752 1,020
Non-Recurring Items 147 192 199 31
Other 45 45 45 44
Operating Income 552 (414) (1,705) (927)
Income From Continuing Operations
Add'l Income/Expense Items - - 2,592 122
Earnings Before Interest and Tax 552 (414) 887 (805)
Interest Expense 132 80 392 47
Earnings Before Tax 420 (494) 495 (853)
Income Tax - - - -
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 420 (494) 495 (853)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 420 (494) 495 (853)
Preferred Stock and Other Adjustments 2,947 (784) (196) -
Net Income Applicable to Common Shareholders 3,368 (1,278) 299 (853)