Encision Inc. Condensed Statements of Operations (Amounts in thousands, except per share information) (Audited) | |||||||||
Three Months Ended | Fiscal year Ended | ||||||||
March 31, 2011 | March 31, 2010 | March 31, 2011 | March 31, 2010 | ||||||
Net sales | $ 2,921 | $ 3,186 | $ 11,617 | $ 12,836 | |||||
Cost of sales | 1,207 | 1,305 | 4,404 | 4,969 | |||||
Gross profit | 1,714 | 1,881 | 7,213 | 7,867 | |||||
Operating expenses: | |||||||||
Sales and marketing | 1,017 | 1,178 | 4,242 | 4,758 | |||||
General and administrative | 324 | 405 | 1,457 | 1,464 | |||||
Research and development | 328 | 392 | 1,464 | 1,339 | |||||
Total operating expenses | 1,669 | 1,975 | 7,163 | 7,561 | |||||
Operating income (loss) | 45 | (94) | 50 | 306 | |||||
Interest and other income (expense), net | (10) | 0 | (45) | (41) | |||||
Income before provision for income taxes | 35 | (94) | 5 | 265 | |||||
Provision for income taxes | –– | –– | –– | –– | |||||
Net income (loss) | $ 35 | $ (94) | $ 5 | $ 265 | |||||
Net income per share—basic and diluted | $ 0.01 | $ (0.01) | $ 0.00 | $ 0.04 | |||||
Basic weighted average number of shares | 6,455 | 6,455 | 6,455 | 6,455 | |||||
Diluted weighted average number of shares | 6,464 | 6,455 | 6,465 | 6,464 | |||||
