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Net Sales $10,651,944 $7,687,009
Cost of sales 7,231,758 5,041,739
Gross Profit 3,420,186 2,645,270
Operating expenses
Selling, general and administrative 3,968,259 2,399,899
Research and development 868,069 -
Goodwill impairment - 200,000
Total operating expenses 4,836,328 2,599,899
Operating (loss) income (1,416,142) 45,371
Other expense (income)
Interest expense 270,605 75,379
Loss on debt extinguishment 256,628 -
Other expense (income) 35,699 (21,950)
Total other expense 562,932 53,429
Loss before provision for income taxes (1,979,074) (8,058)
Provision for income taxes 66,869 99,341
Net Loss $(2,045,943) $(107,399)
Loss per common share - basic and diluted $(0.07) $0.00
Shares used in computing loss per common share
- basic and diluted 30,289,386 24,906,160
Consolidated Statements of Operations (Audited)
Year ended
December 31,
2007 2006
Net Sales $34,135,401 $27,887,391
Cost of sales 22,530,986 18,235,003
Gross Profit 11,604,415 9,652,388
Operating ex
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| SOURCE Derma Sciences Inc Copyright©2008 PR Newswire. All rights reserved |