Operating segment net revenue, operating income (loss) and income (loss) before taxes for each of the years ended May 31 were as follows:
| |
|
2007 |
|
2006 |
|
2005 |
|
Net revenue: |
|
|
|
|
|
|
|
SSDI |
|
$ |
558,484 |
|
$ |
- |
|
$ |
- |
|
All other |
|
|
80,300 |
|
|
10,309,709 |
|
|
2,982,586 |
|
Total net revenue |
|
$ |
638,784 |
|
$ |
10,309,709 |
|
$ |
2,982,586 |
|
| |
|
|
|
|
|
|
|
|
|
|
Operating income (loss): |
|
|
|
|
|
|
|
|
|
|
SSDI |
|
$ |
(176,432 |
) |
$ |
- |
|
$ |
- |
|
All other |
|
|
(14,587,407 |
) |
|
3,911,640 |
|
|
87,421 |
|
Total operating income (loss) |
|
$ |
(14,763,839 |
) |
$ |
3,911,640 |
|
$ |
87,421 |
|
| |
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes: |
|
|
|
|
|
|
|
|
|
|
SSDI |
|
$ |
(169,913 |
) |
$ |
- |
|
$ |
- |
|
All other |
|
|
34,616,133 |
|
|
28,672,688 |
|
|
(10,518,704 |
) |
Total income (loss) before taxes |
|
$ |
34,446,220 |
|
$ |
28,672,688 |
|
$ |
(10,518,704 |
) |
Income/loss before taxes of $169,913. You've got to look at the bottom line, not just selected numbers. I'm not arguing that Holocom isn't or won't be a good investment. I just didn't think it was accurate for greeneyes to say we've already recouped most of our investment. This is far from the case. So far we've invested $700k and also set up a credit line of I think $590k for our Holocom related investments. We have yet to receive anything back on this investment. I DO believe this will pay off in the future.
