Income Statement for American Rare Earths and Materials, Corp. (AREM)

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Income Statement for American Rare Earths and Materials, Corp.
Jun 30, 2011 Jun 30, 2010 Jun 30, 2009
Profit
Total Revenue 4,426,000 4,341,000 4,009,000
Cost of Revenue 2,850,000 2,606,000 2,308,000
Gross Profit 1,577,000 1,735,000 1,701,000
Operating Expenses
Research Development - - -
Selling General and Administrative 7,780,000 6,087,000 3,137,000
Non Recurring - - -
Others - - -
Total Operating Expenses - - -
Operating Income or Loss -6,204,000 -4,352,000 -1,436,000
Income from Continuing Operations
Total Other Income/Expenses Net undefined 2,000 98,000
Earnings Before Interest And Taxes -6,203,000 -4,350,000 -1,338,000
Interest Expense 4,000 128,000 255,000
Income Before Tax -6,208,000 -4,478,000 -1,593,000
Income Tax Expense - - -
Minority Interest - - -
Net Income From Continuing Ops -6,208,000 -4,478,000 -1,593,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income -6,208,000 -4,478,000 -1,593,000
Preferred Stock And Other Adjustments -240,000 -1,098,000 -
Net Income Applicable To Common Shares -6,448,000 -5,575,000 -1,593,000
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