| Income Statement for Oceanic Exploration Co (OCEX) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 1,005 | 1,063 | 948 | 833 | 562 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (1,126) | (1,839) | (1,524) | (1,896) | (1,764) | | Gross Operating Profit | (121) | (776) | (576) | (1,064) | (1,202) | | | Selling/General/Admin Expense | (1,707) | (1,601) | (1,622) | (1,640) | (1,220) | | Research & Development | - | - | - | - | - | | EBITDA | (1,828) | (2,377) | (2,198) | (2,704) | (2,422) | | Depreciation & Amortization | (5) | (5) | (5) | (10) | (12) | | EBIT | (1,833) | (2,382) | (2,203) | (2,714) | (2,434) | | Interest Income | 105 | 85 | 18 | 28 | 25 | | Other Income, Net | 27 | (66) | 53 | (28) | 21 | | Total Income Avail For Interest Expense | (1,702) | (2,363) | (2,132) | (2,714) | (2,387) | | Interest Expense | (28) | (127) | (66) | (25) | (25) | | Pre-Tax Income | (1,729) | (2,490) | (2,198) | (2,740) | (2,412) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (1,729) | (2,490) | (2,198) | (2,740) | (2,412) | | Net Income from Discontinued Operations | - | - | - | - | (303) | | Net Income from Total Operations | (1,729) | (2,490) | (2,198) | (2,740) | (2,715) | | | Normalized Income | (1,729) | (2,490) | (2,198) | (2,740) | (2,412) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (1,729) | (2,490) | (2,198) | (2,740) | (2,715) | | | 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 | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.03 | -0.05 | -0.05 | -0.08 | -0.08 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | | Basic EPS from Total Operations | -0.03 | -0.05 | -0.05 | -0.08 | -0.09 | | | Diluted EPS from Continuing Operations | -0.03 | -0.05 | -0.05 | -0.08 | -0.08 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | | Diluted EPS from Total Operations | -0.03 | -0.05 | -0.05 | -0.08 | -0.09 | | | |
