IC PUNCH MEDIA, INC.
STATEMENTS OF OPERATIONS
(unaudited)
|
|
For the Three Months Ended June 30, |
For the Six Months Ended June 30, |
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|
|
|
2013 |
|
2012 |
|
|
2013 |
|
2012 |
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|
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|
Revenue |
$ |
--- |
$ |
10,800 |
$ |
--- |
$ |
20,223 |
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|
Direct costs |
--- |
--- |
--- |
--- |
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|
Gross profit |
--- |
10,800 |
--- |
20,223 |
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|
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Expenses: |
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|
General and administrative |
56,247 |
51,570 |
122,882 |
118,193 |
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|
Depreciation & amortization |
1,875 |
949 |
3,021 |
2,019 |
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|
Stock compensation |
21,000 |
20,625 |
36,210 |
41,250 |
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|
Operating Loss |
(79,122) |
(62,344) |
(162,113) |
(141,239) |
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|
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Other income & (expense) |
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|
Change in derivative |
48,464 |
(19,049) |
55,452 |
4,538 |
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|
Beneficial conversion |
--- |
--- |
--- |
(15,000) |
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|
Settlement of debts |
--- |
798 |
--- |
12,756 |
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|
Interest expense |
(128,405) |
(90,070) |
(136,138) |
(95,868) |
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|
|
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|
Net income (loss) from continued operations |
$ |
(255,991) |
$ |
(170,655) |
$ |
(242,799) |
$ |
(234,813) |
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|
Gain (loss) on disposal of assets (net of tax) |
586,268 |
--- |
(522,409) |
--- |
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|
Net Income (Loss) |
$ |
330,277 |
$ |
(170,665) |
$ |
765,208 |
$ |
(234,813) |
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|
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|
Continued Operations earnings per share |
$ |
( 0.00) |
$ |
( 0.00) |
$ |
( 0.00) |
$ |
( 0.00) |
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|
Discontinued Operations earnings per share |
$ |
(0.00) |
$ |
(0.00) |
$ |
(0.00) |
$ |
(0.00) |
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|
Weighted average shares outstanding |
1,910,680,690 |
623,730,502 |
1,612,228,439 |
588,289,021 |
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See notes to financial statements. |
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