Novation Companies, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 160,973 190,679 137,155 98,307
Cost of Revenue - - - -
Gross Profit - - - -
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 161,497 189,597 129,186 (905,913)
Non-Recurring Items - - - -
Other - - - 17,433
Operating Income - - - -
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax (524) 1,082 7,969 985,371
Interest Expense - - - 1,416
Earnings Before Tax (3,741) (2,049) 5,498 984,298
Income Tax 62,756 (63,517) (1,774) (1,356)
Minority Interest 17 (3,495) (491) (1,048)
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (66,497) 61,468 7,763 986,702
Non Recurring Events
Discontinued Operations (1,015) (5,776) - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (67,529) 59,187 7,763 986,702
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (67,529) 59,187 7,763 986,702