NEWN Financials 07/16/2014 08:42:54 New Energy Sy
Post# of 1
New Energy Systems Group.
Period Ending Dec 31, 2011 Dec 31, 2010
Total Revenue 51,514 45,610
Cost of Revenue 39,778 32,760
Gross Profit 11,736 12,850
Operating Expenses
Research and Development - -
Sales, General and Admin. 6,833 5,461
Non-Recurring Items 7,405 -
Other - -
Operating Income (2,503) 7,389
Income From Continuing Operations
Add'l Income/Expense Items (4) 10
Earnings Before Interest and Tax (2,506) 7,400
Interest Expense - -
Earnings Before Tax (2,506) 7,400
Income Tax 1,267 2,196
Minority Interest - -
Equity Earnings Unconsolidated Subsidiary - -
Net Income Cont. Operations (3,773) 5,204
Non Recurring Events
Discontinued Operations (14,092) 9,117
Extraordinary Items - -
Effect of Accounting Changes - -
Other Items - -
Net Income (17,865) 14,321
Preferred Stock and Other Adjustments - -
Net Income Applicable to Common Shareholders (17,865) 14,321