| Income Statement for Vasomedical Inc. (VASO) | | | | | | | Income | in Thousands of Dollars | | | 05/2007 | 05/2006 | 05/2005 | 05/2004 | 05/2003 | | | Operating Revenue | 6,354 | 10,943 | 15,096 | 22,207 | 24,824 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (2,588) | (4,256) | (4,926) | (6,841) | (8,118) | | Gross Operating Profit | 3,766 | 6,687 | 10,170 | 15,366 | 16,705 | | | Selling/General/Admin Expense | (4,052) | (7,976) | (12,018) | (14,208) | (17,443) | | Research & Development | (933) | (1,806) | (3,065) | (3,748) | (4,545) | | EBITDA | (1,219) | (3,095) | (4,913) | (2,590) | (5,283) | | Depreciation & Amortization | (315) | (518) | (579) | (749) | (1,133) | | EBIT | (1,534) | (3,613) | (5,491) | (3,339) | (6,416) | | Interest Income | 54 | 76 | 74 | 99 | 177 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | (1,481) | (3,537) | (5,417) | (3,240) | (6,239) | | Interest Expense | (70) | (82) | (105) | (132) | (187) | | Pre-Tax Income | (1,550) | (3,619) | (5,522) | (3,372) | (6,426) | | Income Taxes | (21) | (7,082) | (40) | (51) | 1,635 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (1,571) | (10,701) | (5,562) | (3,423) | (4,791) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (1,571) | (10,701) | (5,562) | (3,423) | (4,791) | | | Normalized Income | (1,571) | (10,701) | (5,562) | (3,423) | (4,791) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (1,571) | (10,701) | (5,562) | (3,423) | (4,791) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 05/2007 | 05/2006 | 05/2005 | 05/2004 | 05/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | 878 | - | - | - | | | Basic EPS from Continuing Operations | -0.02 | -0.19 | -0.10 | -0.06 | -0.08 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.02 | -0.19 | -0.10 | -0.06 | -0.08 | | | Diluted EPS from Continuing Operations | -0.02 | -0.19 | -0.10 | -0.06 | -0.08 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.02 | -0.19 | -0.10 | -0.06 | -0.08 | | | |