Income Statement for YIPPY, INC. (YIPI)

Income Statement for YIPPY, INC.
May 31, 2013 May 31, 2012 May 31, 2011
Profit
Total Revenue 401,000 66,000 46,000
Cost of Revenue - - -
Gross Profit 401,000 66,000 46,000
Operating Expenses
Research Development - - -
Selling General and Administrative 1,691,000 1,333,000 577,000
Non Recurring - - -
Others 839,000 808,000 760,000
Total Operating Expenses - - -
Operating Income or Loss -2,129,000 -2,075,000 -1,291,000
Income from Continuing Operations
Total Other Income/Expenses Net -3,203,000 -512,000 -
Earnings Before Interest And Taxes -6,340,000 -2,587,000 -1,291,000
Interest Expense 1,119,000 687,000 200,000
Income Before Tax -7,459,000 -3,274,000 -1,492,000
Income Tax Expense - - -
Minority Interest - - -
Net Income From Continuing Ops -6,451,000 -3,274,000 -1,492,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income -6,451,000 -3,274,000 -1,492,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares -6,451,000 -3,274,000 -1,492,000