Income Statement for AMERICAN RARE EARTHS & MATERIALS, CORP. (AREM)

Income Statement for AMERICAN RARE EARTHS & 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