| Income Statement for WIZZARD SOFTWARE Corp. (WZE) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 5,163 | 2,944 | 1,694 | 525 | 470 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (1,738) | (1,700) | 454 | (256) | (239) | | Gross Operating Profit | 3,426 | 1,244 | 2,148 | 269 | 231 | | | Selling/General/Admin Expense | (7,805) | (5,045) | (3,894) | (4,787) | (2,079) | | Research & Development | (210) | (76) | (69) | (66) | - | | EBITDA | (4,589) | (3,877) | (1,815) | (4,583) | (1,847) | | Depreciation & Amortization | (1,863) | (180) | (1,445) | (152) | (149) | | EBIT | (6,452) | (4,057) | (3,260) | (4,735) | (1,997) | | Interest Income | 189 | 15 | 37 | - | - | | Other Income, Net | (2,011) | (277) | (5) | - | - | | Total Income Avail For Interest Expense | (8,274) | (4,609) | (4,420) | (5,467) | (1,997) | | Interest Expense | (1,922) | (184) | (1,539) | (20) | (47) | | Pre-Tax Income | (10,196) | (4,794) | (5,959) | (5,487) | (2,044) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (10,196) | (4,794) | (5,959) | (5,487) | (2,044) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (10,196) | (4,794) | (5,959) | (5,487) | (2,044) | | | Normalized Income | (10,196) | (4,504) | (4,767) | (4,755) | (2,044) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (290) | (1,192) | (732) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (10,196) | (4,794) | (5,959) | (5,487) | (2,044) | | | 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 | -0.44 | -0.14 | -0.20 | -0.20 | -0.09 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.44 | -0.14 | -0.20 | -0.20 | -0.09 | | | Diluted EPS from Continuing Operations | -0.44 | -0.14 | -0.20 | -0.20 | -0.09 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.44 | -0.14 | -0.20 | -0.20 | -0.09 | | | |
