MISONIX, INC. And Subsidiaries Consolidated Statements of Operations Unaudited | ||||||
Three Months Ended | Nine Months Ended | |||||
March 31, | March 31, | |||||
2011 | 2010 | 2011 | 2010 | |||
Net sales | $3,593,154 | $3,313,131 | $10,274,831 | $9,092,322 | ||
Cost of goods sold | 1,720,037 | 1,596,264 | 4,877,847 | 4,860,539 | ||
Gross profit | 1,873,117 | 1,716,867 | 5,396,984 | 4,231,783 | ||
Selling expenses | 1,079,267 | 671,213 | 3,098,967 | 2,649,699 | ||
General and administrative expenses | 1,007,051 | 1,021,476 | 3,334,338 | 3,824,640 | ||
Research and development expenses | 414,342 | 441,093 | 1,303,121 | 1,387,133 | ||
Total operating expenses | 2,500,660 | 2,133,782 | 7,736,426 | 7,861,472 | ||
Operating loss from continuing operations | (627543.00) | (416915.00) | (2339442.00) | (3629689.00) | ||
Total other income | 231,421 | 832,683 | 577,693 | 1,050,217 | ||
(Loss) income from continuing operations before income taxes | (396,122) | 415,768 | (1,761,749) | (2,579,472) | ||
Income tax (benefit) | 4,000 | 206,242 | 46,100 | (976,435) | ||
Net (loss) income from continuing operations | (400,122) | 209,526 | (1,807,849) | (1,603,037) | ||
Discontinued operations: | ||||||
Net (loss) income from discontinued operations, net of income tax expense of $0,($111,763), $0 and $358,634 | (131,356) | (258,850) | (277,641) | 506,367 | ||
Net loss from sale of discontinued operations, net of income tax expense of $0, $0, $0 and $957,937 | - | (257,029) | - | (369,848) | ||
Noncontrolling interest in discontinued operations net of income taxes | - | 24,861 | - | 66,201 | ||
Net (loss) income from discontinued operations | (131,356) | (491,018) | (277,641) | 202,720 | ||
Net loss attributable to Misonix, Inc. shareholders | ($531,478) | ($281,492) | ($2,085,490) | ($1,400,317) | ||
Net (loss) income per share from continuing operations attributable to Misonix, Inc. shareholders-Basic | ($0.06) | $0.03 | ($0.26) | ($0.23) | ||
Net (loss) income per share from discontinued operations-Basic | (0.02) | (0.07) | (0.04) | 0.03 | ||
Net loss per share attributable to Misonix, Inc. shareholders-Basic | ($0.08) | ($0.04) | ($0.30) | ($0.20) | ||
Net (loss) income per share from continuing operations attributable to Misonix, Inc. shareholders-Diluted | ($0.06) | $0.03 | ($0.26) | ($0.23) | ||
Net (loss) income per share from discontinued operations-Diluted | (0.02) | (0.07) | (0.04) | 0.03 | ||
Net loss per share attributable to Misonix, Inc. shareholders-Diluted | ($0.08) | ($0.04) | ($0.30) | ($0.20) | ||
Weighted average common shares-basic | 7,001,369 | 7,001,369 | 7,001,369 | 7,001,369 | ||
Weighted average common shares-diluted | 7,001,369 | 7,038,385 | 7,001,369 | 7,001,369 | ||
