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This I have found:
Crossflo Systems, Inc.
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Statements of Operations
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For the Years Ended May 31, 2008 and 2007
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2008
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2007
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Net revenues:
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Licenses
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$
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100,000
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$
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252,991
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Maintenance and support
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56,975
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64,891
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Consulting
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745,993
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114,248
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902,968
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432,130
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Cost of sales:
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Licenses
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28,466
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43,650
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Maintenance and support
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25,502
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15,181
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Consulting
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333,899
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26,729
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387,867
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85,560
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Gross profit
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515,101
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346,570
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Operating expenses:
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Payroll and related costs
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1,534,762
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1,647,707
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Selling, general and administrative
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1,029,291
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730,145
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2,564,053
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2,377,852
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Loss from operations
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(2,048,952
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)
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(2,031,282
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)
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The Company has suffered recurring losses since inception, has generated limited revenues and had an accumulated deficit of $12,959,177 as of May 31, 2008.
I hope they have some good projects in progress...
all IMO
Mirodrag
