BERK Financials 07/16/2014 07:03:10 Berkshire Ban

BERK Financials 07/16/2014 07:03:10
Berkshire Bancorp, Inc.
Period Ending Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 30,232 79,428 42,141
Cost of Revenue 4,897 5,940 7,579
Gross Profit - - -
Operating Expenses
Research and Development - - -
Sales, General and Admin. 16,640 17,294 40,283
Non-Recurring Items - - -
Other (6,693) 1,600 5,750
Operating Income - - -
Income From Continuing Operations
Add'l Income/Expense Items - - -
Earnings Before Interest and Tax 15,388 54,594 (11,471)
Interest Expense 1,883 2,907 3,508
Earnings Before Tax 13,505 51,687 (14,979)
Income Tax 1,119 1,863 (1,489)
Minority Interest - - -
Equity Earnings Unconsolidated Subsidiary - - -
Net Income Cont. Operations 12,386 49,824 (13,490)
Non Recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect of Accounting Changes - - -
Other Items - - -
Net Income 12,387 49,824 (13,490)
Preferred Stock and Other Adjustments - (4,000) (4,800)
Net Income Applicable to Common Shareholders 12,387 45,824 (18,290)