Income Statements
| Balance Sheets
| Statements of Cash Flow
 |
 |
 |
| |
Quarter: |
1st
|
4th
|
3rd
|
2nd
|
|
| |
Quarter Ending: |
3/31/2009 |
12/31/2008 |
9/30/2008 |
6/30/2008 |
|
| |
Total Revenue |
$22,431,000 |
$30,393,000 |
$37,941,000 |
$37,975,000 |
|
| |
Cost of Revenue |
$24,611,000 |
$32,909,000 |
$35,996,000 |
$43,365,000 |
|
 |
|
|
| |
Gross Profit |
($2,180,000)
|
($2,516,000)
|
$1,945,000 |
($5,390,000)
|
|
| |
Operating Expenses |
|
|
|
|
|
| |
Sales, General and Admin. |
$3,482,000 |
$4,820,000 |
$2,828,000 |
$7,086,000 |
|
|
|
|
| |
Operating Income |
($5,662,000)
|
($7,336,000)
|
($883,000)
|
($12,476,000)
|
|
| |
Add'l income/expense items |
$1,331,000 |
($5,924,000)
|
$78,000 |
($231,000)
|
|
| |
Earnings Before Interest and Tax |
($4,831,000)
|
($8,483,000)
|
($2,040,000)
|
($14,637,000)
|
|
| |
Interest Expense |
$1,230,000 |
$308,000 |
$542,000 |
$721,000 |
|
| |
Earnings Before Tax |
($6,061,000)
|
($8,791,000)
|
($2,582,000)
|
($15,358,000)
|
|
| |
Income Tax |
($114,000)
|
$737,000 |
$68,000 |
$308,000 |
|
| |
Minority Interest |
$0
|
$56,000 |
$58,000 |
$67,000 |
|
| |
Equity Earnings Unconsolidated Subsidiary |
($452,000)
|
$4,653,000 |
($1,185,000)
|
($1,802,000)
|
|
| |
Net Income-Cont. Operations |
($5,899,000)
|
($9,596,000)
|
($2,542,000)
|
($15,471,000)
|
|
|
|
|
| |
Net Income |
($5,899,000)
|
($9,596,000)
|
($2,542,000)
|
($15,471,000)
|
|
| |
Adjustments to Net Income |
($76,000)
|
$0
|
$0
|
$0
|
|
|
|
|
| |
Net Income Applicable to
Common Shareholders |
($5,975,000)
|
($9,596,000)
|
($2,542,000)
|
($15,471,000)
|
|
|
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