FSNN Financial statement WEEEEEEEEEEEEEEEEEE
Post# of 3881
FSNN Financial statement WEEEEEEEEEEEEEEEEEE
INTERCONNECT SERVICES GROUP II, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
Six Months Ended June 30, Year Ended December 31,
2012 2011 2011 2010
(unaudited) (unaudited)
Net revenues $ 13,637,854 $ 13,213,851 $ 26,530,678 $ 26,573,205
Cost of revenues 6,859,847 6,565,170 13,506,414 14,094,320
Gross profit 6,778,007 6,648,681 13,024,264 12,478,885
Selling, general and administrative expenses
Salaries, benefits and payroll taxes 1,933,641 1,808,002 3,581,902 3,626,026
Depreciation and amortization 576,853 719,118 1,433,504 1,633,154
Agent commissions 1,948,971 1,835,955 3,661,111 3,805,618
Other operating expenses 590,659 734,194 1,352,176 1,674,147
Total selling, general and
administrative expenses 5,050,124 5,097,269 10,028,693 10,738,945
Operating income 1,727,883 1,551,412 2,995,571 1,739,940
Other income (expenses)
Interest income 32,594 60,289 91,042 91,172
Loss on disposal of property and equipment - - (107,121 ) (8,001 )
Other income 8,301 86,634 125,949 5,313
Net income $ 1,768,778 $ 1,698,335 $ 3,105,441 $ 1,828,