Formation Metals, Inc.
Period Ending Feb 28, 2014 Feb 28, 2013 Feb 29, 2012 Feb 28, 2011
Total Revenue - - 12,084 3,751
Cost of Revenue - - 10,004 3,259
Gross Profit - - 2,080 492
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 4,888 1,910 3,985 2,910
Non-Recurring Items 2,877 1,205 1,311 128
Other 466 381 244 551
Operating Income (7,428) (2,383) (3,673) (3,097)
Income From Continuing Operations
Add'l Income/Expense Items (9,111) 1,158 (2,683) 283
Earnings Before Interest and Tax (17,035) (4,725) (6,142) (2,815)
Interest Expense - - - -
Earnings Before Tax (17,035) (4,725) (6,142) (2,815)
Income Tax (4,556) 2,509 (815) 612
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (12,479) (7,234) (5,327) (3,427)
Non Recurring Events
Discontinued Operations 308 (2,386) - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (12,479) (7,234) (5,327) (3,427)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (12,479) (7,234) (5,327) (3,427)