Income Statement Balance Sheet Cash Flow Statement
Annual Financials for Majic Wheels Corp.
Fiscal year is January-December. All values USD millions. 2007 2008 2009 2010 2011 5-year trend
Sales/Revenue 0 0 0 0 0
Cost of Goods Sold (COGS) incl. D&A 7,439 12,754 0 0 0
COGS excluding D&A 0 0 0 0 0
Depreciation & Amortization Expense 7,439 12,754 0 0 0
Depreciation 0 - 0 0 0
Amortization of Intangibles 7,439 12,754 0 0 0
Gross Income (7,439) (12,754) 0 0 0
2007 2008 2009 2010 2011 5-year trend
SG&A Expense 11,160 113,133 38,694 480,613 707,719
Research & Development - 31,350 - - -
Other SG&A 11,160 81,783 38,694 480,613 707,719
Other Operating Expense 0 0 0 0 0
Unusual Expense 0 0 3,282 170,066 668,460
EBIT after Unusual Expense 0 0 (3,282) (170,066) (668,460)
Non Operating Income/Expense 0 0 0 0 0
Non-Operating Interest Income - - - - -
Equity in Affiliates (Pretax) 0 0 0 0 0
Interest Expense 0 0 - 23,340 84,084
Gross Interest Expense 0 0 - 23,340 84,084
Interest Capitalized 0 0 0 0 0
Pretax Income (18,599) (125,887) (41,976) (674,019) (1.46M)
Income Tax 0 0 0 0 0
Income Tax - Current Domestic 0 0 0 0 0
Income Tax - Current Foreign 0 0 0 0 0
Income Tax - Deferred Domestic 0 0 0 0 0
Income Tax - Deferred Foreign 0 0 0 0 0
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 0 0 0
Other After Tax Income (Expense) 0 - 0 0 0
Consolidated Net Income (18,599) (125,887) (41,976) (674,019) (1.46M)
Minority Interest Expense 0 0 0 0 0
Net Income (18,599) (125,887) (41,976) (674,019) (1.46M)
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries (18,599) (125,887) (41,976) (674,019) (1.46M)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common (18,599) (125,887) (41,976) (674,019) (1.46M)
EPS (Basic) 0.00 0.00 0.00 (0.01) (0.01)
Basic Shares Outstanding 5.34M 47.53M 100M 122.35M 150M
EPS (Diluted) 0.00 0.00 0.00 (0.01) (0.01)
Diluted Shares Outstanding 5.34M 47.53M 100M 122.35M 150M
EBITDA (11,160) (113,133) (38,694) (480,613) (707,719)
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