HEAT Financials 07/15/2014 23:13:08 SmartHeat, In

HEAT Financials 07/15/2014 23:13:08
SmartHeat, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 44,710 47,850 65,221 125,407
Cost of Revenue 40,401 32,481 44,559 80,695
Gross Profit 4,308 15,369 20,662 44,712
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 16,671 24,485 27,047 18,021
Non-Recurring Items 27,241 20,874 16,591 -
Other - - - -
Operating Income (39,603) (29,989) (22,976) 26,691
Income From Continuing Operations
Add'l Income/Expense Items 1,369 2,786 (341) 592
Earnings Before Interest and Tax (39,077) (27,203) (23,317) 27,283
Interest Expense 1,816 1,549 925 131
Earnings Before Tax (40,893) (28,752) (24,242) 27,152
Income Tax (51) 494 186 4,533
Minority Interest (320) (29) (468) (80)
Equity Earnings Unconsolidated Subsidiary (842) - - -
Net Income Cont. Operations (41,365) (29,217) (23,960) 22,698
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (40,523) (29,217) (23,960) 22,698
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (40,523) (29,217) (23,960) 22,698