BCAR Financials 07/16/2014 15:57:27 Bank of the C

BCAR Financials 07/16/2014 15:57:27
Bank of the Carolinas Corp.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 16,737 21,217 21,871 26,131
Cost of Revenue 2,301 3,225 4,387 5,036
Gross Profit - - - -
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 14,629 17,944 20,974 16,348
Non-Recurring Items - - - -
Other (2,039) 2,359 17,565 6,441
Operating Income - - - -
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax 1,846 (2,311) (21,055) (1,694)
Interest Expense 2,259 2,268 2,653 2,624
Earnings Before Tax (413) (4,579) (23,708) (4,318)
Income Tax 942 - 4,543 (1,663)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (1,355) (4,579) (28,251) (2,655)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (1,355) (4,579) (28,251) (2,655)
Preferred Stock and Other Adjustments (978) (956) (934) (914)
Net Income Applicable to Common Shareholders (2,333) (5,535) (29,185) (3,569)