NSEEY Financials 07/16/2014 18:19:45 Norse Energy

NSEEY Financials 07/16/2014 18:19:45
Norse Energy Corp.
Period Ending Dec 31, 2011 Dec 31, 2010
Total Revenue 22,199 13,541
Cost of Revenue 10,631 9,061
Gross Profit 11,568 4,480
Operating Expenses
Research and Development - -
Sales, General and Admin. 21,301 19,536
Non-Recurring Items 46,209 15,507
Other 7,185 10,515
Operating Income (63,127) (41,078)
Income From Continuing Operations
Add'l Income/Expense Items 8,072 (4,402)
Earnings Before Interest and Tax (55,055) (45,480)
Interest Expense 15,142 13,779
Earnings Before Tax (70,197) (59,259)
Income Tax 4,973 (475)
Minority Interest - -
Equity Earnings Unconsolidated Subsidiary - -
Net Income Cont. Operations (75,170) (58,784)
Non Recurring Events
Discontinued Operations (5,034) 24,141
Extraordinary Items - -
Effect of Accounting Changes - -
Other Items - -
Net Income (80,204) (34,643)
Preferred Stock and Other Adjustments - -
Net Income Applicable to Common Shareholders (80,204) (34,643)