VELA Financials 07/15/2014 20:39:57 VelaTel Globa

VELA Financials 07/15/2014 20:39:57
VelaTel Global Communications, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 1,926 - - 955
Cost of Revenue 1,239 - 3 1,104
Gross Profit 687 - (3) (148)
Operating Expenses
Research and Development - - 6,317 18,846
Sales, General and Admin. 6,328 9,833 12,885 42,145
Non-Recurring Items 6,387 3,919 - 7,750
Other 94 25 234 268
Operating Income (12,121) (13,776) (19,439) (69,157)
Income From Continuing Operations
Add'l Income/Expense Items (7,575) (14,861) (24) 3,507
Earnings Before Interest and Tax (19,696) (28,637) (19,463) (65,650)
Interest Expense 2,378 1,341 619 973
Earnings Before Tax (22,074) (29,978) (20,082) (66,623)
Income Tax - - - -
Minority Interest 172 (2,448) (86) (30)
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (22,074) (29,978) (20,082) (66,369)
Non Recurring Events
Discontinued Operations 4,197 (15,623) (1,710) -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (18,050) (43,153) (21,707) (66,593)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (18,050) (43,153) (21,707) (66,593)