| Income Statement for Groen Brothers Aviation Inc. (GNBA) | | | | | | | Income | in Thousands of Dollars | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 06/2003 | | | Operating Revenue | 3,403 | 3,115 | 864 | 509 | 117 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (9,165) | (3,198) | (1,120) | (353) | 157 | | Gross Operating Profit | (5,762) | (83) | (256) | 156 | 274 | | | Selling/General/Admin Expense | (2,659) | (1,837) | (1,923) | (1,697) | (1,566) | | Research & Development | (1,555) | (2,534) | (1,874) | (1,796) | (2,021) | | EBITDA | (9,976) | (4,454) | (4,053) | (3,337) | (3,313) | | Depreciation & Amortization | (195) | (160) | (117) | (142) | (257) | | EBIT | (10,171) | (4,614) | (4,170) | (3,479) | (3,570) | | Interest Income | 18 | 12 | 33 | 179 | 101 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | (10,127) | (4,436) | (4,137) | (3,300) | (3,617) | | Interest Expense | (15,290) | (15,645) | (9,217) | (9,222) | (1,103) | | Pre-Tax Income | (25,417) | (20,081) | (13,354) | (12,522) | (4,720) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (25,417) | (20,081) | (13,354) | (12,522) | (4,720) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (25,417) | (20,081) | (13,354) | (12,522) | (4,720) | | | Normalized Income | (25,443) | (20,247) | (13,354) | (12,522) | (4,572) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | 26 | 166 | - | - | (148) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (25,417) | (20,081) | (13,354) | (12,522) | (4,720) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 06/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | 10,866 | | | Basic EPS from Continuing Operations | -0.17 | -0.15 | -0.11 | -0.13 | -0.16 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.17 | -0.15 | -0.11 | -0.13 | -0.16 | | | Diluted EPS from Continuing Operations | -0.17 | -0.15 | -0.11 | -0.13 | -0.16 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.17 | -0.15 | -0.11 | -0.13 | -0.16 | | | |
