| Income Statement for NuState Energy Holdings Inc. (NSEH) | | | | | | | Income | in Thousands of Dollars | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 05/2003 | | | Operating Revenue | 22,707 | 29,995 | 9,248 | 2,092 | 1,020 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (18,745) | (24,761) | (7,314) | (1,491) | (466) | | Gross Operating Profit | 3,961 | 5,235 | 1,933 | 601 | 554 | | | Selling/General/Admin Expense | (6,207) | (6,873) | (6,280) | (3,921) | (1,599) | | Research & Development | - | - | - | (320) | (156) | | EBITDA | (2,245) | (1,638) | (4,347) | (3,640) | (1,201) | | Depreciation & Amortization | (2,013) | (2,137) | (959) | (91) | (8) | | EBIT | (4,258) | (3,775) | (5,305) | (3,730) | (1,208) | | Interest Income | 4 | - | - | 1 | 1 | | Other Income, Net | (23) | 4 | 2 | - | 96 | | Total Income Avail For Interest Expense | (4,315) | (3,771) | (5,285) | (3,729) | (2,114) | | Interest Expense | (2,433) | (1,827) | (1,276) | (406) | (122) | | Pre-Tax Income | (6,748) | (5,598) | (6,561) | (4,135) | (2,236) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (6,748) | (5,598) | (6,561) | (4,135) | (2,236) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (6,748) | (5,598) | (6,561) | (4,135) | (2,236) | | | Normalized Income | (6,710) | (5,598) | (6,579) | (4,135) | (1,234) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (38) | - | 18 | - | (1,002) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (6,748) | (5,598) | (6,561) | (4,135) | (2,236) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 05/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | 78 | 84 | 1,347 | - | | | Basic EPS from Continuing Operations | -0.06 | -0.09 | -0.14 | -0.17 | -0.09 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.06 | -0.09 | -0.14 | -0.17 | -0.09 | | | Diluted EPS from Continuing Operations | -0.06 | -0.09 | -0.14 | -0.17 | -0.09 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.06 | -0.09 | -0.14 | -0.17 | -0.09 | | | |
