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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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SOURCE InstaCare Corp.
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