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Posted On: 04/03/2013 6:02:06 PM
From 10-K .Results of Continuing Operations
Revenue. For the year ended December 31, 2012, our revenue was $116,153, compared to $105,400 for the same period in 2011, representing an increase of 16.1%. This increase in revenue was primarily attributable to increased sales. Actual revenue for 2012, including discontinued operations, was $195,092, which was an increase of $78,939, or 74.9%.
Gross Profit (Loss). For the year ended December 31, 2012, our gross profit was $66,545, compared to a gross loss of $198,240 for the same period in 2011, representing a decrease of 66.4%. This decrease in our gross loss resulted primarily from the decrease in cost of sales ($49,608 and $303,640, for the year ended December 31, 2012 and 2011, respectively), which primarily was due to the decrease in payroll costs.
Revenue. For the year ended December 31, 2012, our revenue was $116,153, compared to $105,400 for the same period in 2011, representing an increase of 16.1%. This increase in revenue was primarily attributable to increased sales. Actual revenue for 2012, including discontinued operations, was $195,092, which was an increase of $78,939, or 74.9%.
Gross Profit (Loss). For the year ended December 31, 2012, our gross profit was $66,545, compared to a gross loss of $198,240 for the same period in 2011, representing a decrease of 66.4%. This decrease in our gross loss resulted primarily from the decrease in cost of sales ($49,608 and $303,640, for the year ended December 31, 2012 and 2011, respectively), which primarily was due to the decrease in payroll costs.
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