Nope.  But they will be less than 40-45% I suspect.  G&A is around $125k/month, I believe.  I'm unfamiliar with CA corporate taxes, as well as Fed, though I could see them approaching 35-40%.  Perhaps one of our tax gurus can chime in.  Those were rough numbers I used to make a point.  I even made some addition errors throughout (pretty sad when I have degrees in Math and Accounting, in addition to Business Management).  But you are correct, I should have said "gross profit" or "revenue", not "net profit".

Thanks for pointing this out though.  Gotta pay the tax man!  But you can leave off G&A - that's an expense/write-off.

SGE