Income Statement for Vestin Realty Mortgage (VRTA)

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Income Statement for Vestin Realty Mortgage
Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Profit
Total Revenue 1,893,000 1,765,000 620,000
Cost of Revenue 215,000 222,000 231,000
Gross Profit 1,678,000 1,543,000 389,000
Operating Expenses
Research Development - - -
Selling General and Administrative 899,000 1,095,000 966,000
Non Recurring 155,000 - 247,000
Others - - -
Total Operating Expenses - - -
Operating Income or Loss 32,000 404,000 -824,000
Income from Continuing Operations
Total Other Income/Expenses Net 345,000 1,908,000 -23,000
Earnings Before Interest And Taxes 174,000 1,421,000 -847,000
Interest Expense 4,000 4,000 25,000
Income Before Tax 170,000 1,417,000 -872,000
Income Tax Expense - - -
Minority Interest -86,000 -56,000 -
Net Income From Continuing Ops 170,000 1,417,000 -1,352,000
Non-recurring Events
Discontinued Operations 481,000 -1,207,000 281,000
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income 651,000 210,000 -1,071,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares 565,000 154,000 -1,071,000
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