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InstaCare Corp. Continues Turnaround & Reports 291% Revenues Increase in 2Q 2008
Date:8/20/2008

$1,417,079 $813,322

InstaCare Corp.

Condensed Consolidated Statements of Operations

(Unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Revenue $3,020,694 $1,036,849 $5,818,076 $2,120,131

Cost of sales 2,676,063 908,652 5,025,946 1,797,304

Gross profit 344,631 128,197 792,130 322,827

Expenses:

General &

administrative 64,558 78,967 125,304 181,526

Consulting 28,442 119,810 93,735 378,077

Payroll expense 79,815 34,664 200,335 87,898

Professional fees 22,240 57,486 67,596 81,976

Depreciation and

amortization 9,063 11,745 18,126 23,490

Total expenses 204,118 302,672 505,096 752,967

Net operating income

(loss) 140,513 (174,475) 287,034 (430,140)

Other income

(expense):

Contingent expenses - 81,600 - -

Financing costs (66,786) (1,907) (116,260) (11,123)

Interest expense,

net (56,075) (55,788) (111,393) (112,493)

Total other

income

(expense) (122,861) 23,905 (227,653) (123,616)

Net income (loss) 17,652 (150,570) 59,381 (553,756)

Add: Dividends

declared on

preferred - - - -

Income (loss)

available to

common

shareholders' $17,652 $(150,570) $59,381 $
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SOURCE InstaCare Corp.
Copyright©2008 PR Newswire.
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