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EXCEL - IDEA: XBRL DOCUMENT - VERAMARK TECHNOLOGIES INCFinancial_Report.xls
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v2.4.0.6
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
NET REVENUES        
Product revenues $ 490,495 $ 400,612 $ 1,351,853 $ 1,242,181
Service revenues 3,369,438 3,028,727 9,969,904 8,820,124
Total Net Revenues 3,859,933 3,429,339 11,321,757 10,062,305
COSTS AND OPERATING EXPENSES:        
Cost of revenues 1,568,246 1,486,058 4,728,189 4,258,404
Engineering and software development 321,722 227,350 886,145 828,097
Selling, general and administrative 1,727,636 1,639,572 5,258,214 4,687,116
Litigation expenses & settlement costs 0 0 0 862,995
Total Costs and Operating Expenses 3,617,604 3,352,980 10,872,548 10,636,612
INCOME (LOSS) FROM OPERATIONS 242,329 76,359 449,209 (574,307)
NET INTEREST INCOME 4,818 9,182 25,668 41,958
INCOME (LOSS) BEFORE TAXES 247,147 85,541 474,877 (532,349)
INCOME TAXES 0 0 0 0
NET INCOME (LOSS) $ 247,147 $ 85,541 $ 474,877 $ (532,349)
NET INCOME (LOSS) PER SHARE        
Basic $ 0.02 $ 0.01 $ 0.04 $ (0.05)
Diluted $ 0.02 $ 0.01 $ 0.04 $ (0.05)