InstaCare Corp. in Turnaround Reports 258% Revenues Increase ...(tive 60745 1...),Health
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InstaCare Corp. in Turnaround Reports 258% Revenues Increase in 1Q 2008
Date:5/21/2008
tive 60,745 102,557
Consulting 65,293 258,267
Payroll expense 120,520 53,253
Professional fees 45,356 24,490
Depreciation expense 9,063 11,745
Total operating expenses 300,977 450,312
Net operating income (loss) 146,522 (255,682)
Other income (expense):
Contingency for damaged product claim - (81,600)
Finance costs (49,474) (9,216)
Interest expense (55,318) (56,705)
Total other income (expense) (104,792) (147,521)
Net income (loss) $41,730 $(403,203)
Add: Dividends declared on preferred stock - (66,250)
Income (loss) available to common stockholders' $41,730 $(469,453)
Weighted average number of common shares
outstanding - basic and fully diluted 34,048,005 10,310,099
Net income (loss) per share - basic and
fully diluted $0.00 $(0.04)
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