| Income Statement for EpiCept Corp. (EPCT) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 327 | 2,095 | 829 | 1,115 | 377 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 1,803 | 2,126 | 540 | (1,029) | (212) | | Gross Operating Profit | 2,130 | 4,221 | 1,369 | 86 | 164 | | | Selling/General/Admin Expense | (11,759) | (14,242) | (5,783) | (4,408) | (3,407) | | Research & Development | (15,312) | (15,676) | (1,846) | (1,784) | (1,641) | | EBITDA | (24,941) | (25,696) | (6,260) | (6,106) | (4,884) | | Depreciation & Amortization | (1,803) | (2,126) | (540) | 1,029 | 212 | | EBIT | (26,744) | (27,822) | (6,800) | (5,077) | (4,671) | | Interest Income | 113 | 312 | 19 | 40 | - | | Other Income, Net | (264) | 755 | 357 | (176) | (771) | | Total Income Avail For Interest Expense | (26,402) | (59,122) | (5,592) | (5,213) | (5,442) | | Interest Expense | (2,287) | (6,331) | (1,906) | (2,670) | (4,593) | | Pre-Tax Income | (28,689) | (65,453) | (7,499) | (7,883) | (10,035) | | Income Taxes | (4) | - | 284 | 275 | 74 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (28,693) | (65,453) | (7,215) | (7,608) | (9,961) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (28,693) | (65,453) | (7,215) | (7,608) | (9,961) | | | Normalized Income | (29,186) | (33,086) | (8,047) | (7,608) | (9,961) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | 493 | (32,368) | 832 | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (28,693) | (65,453) | (7,215) | (7,608) | (9,961) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | 8,963 | 1,254 | 1,404 | 1,254 | | | Basic EPS from Continuing Operations | -0.79 | -3.07 | -4.95 | -5.35 | -6.79 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.79 | -3.07 | -4.95 | -5.35 | -6.79 | | | Diluted EPS from Continuing Operations | -0.79 | -3.07 | -4.95 | -5.35 | -6.79 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.79 | -3.07 | -4.95 | -5.35 | -6.79 | | | |
