ECSL — Quarterly Report for March 2012 http://w

ECSL — Quarterly Report for March 2012
http://www.otcmarkets.com/financialReportView...p;id=83562

Revenues
Sales $ 571,952
License fees 2,215,000
Total Revenues 2,786,952
Cost of Goods Sold 172,746
Gross Profit 2,614,206
Operating Expenses
340,991
Payroll 164,979
Depreciation and amortization 36,849
Total Operating Expenses 542,820
Net Profit from Operations 2,071,386
Other (Expenses)
Interest expense 225,271
Gain on sale equity method investment 794,000
Total Other (Expense) 1,019,271
Net Profit Before Provision for Income Tax 3,090,657
Provision for Income Taxes -
Net Profit $ 3,090,657
Basic and diluted earning per share 0.06
Weighted average number of common shares - basic and diluted 49,250,000