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EXCEL - IDEA: XBRL DOCUMENT - MIT Holding, Inc.Financial_Report.xls
10-Q - MIT Holding, Inc.form10q.htm
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EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - MIT Holding, Inc.ex31-2.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - MIT Holding, Inc.ex32-2.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - MIT Holding, Inc.ex31-1.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MIT Holding, Inc.ex32-1.htm
v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Sales and services rendered $ 719,172 $ 1,517,794 $ 2,854,758 $ 4,722,825
Cost of medical supplies 315,267 531,379 1,354,024 1,984,374
Gross profit 403,905 986,415 1,500,734 2,738,451
Operating Expenses        
Salaries and payroll cost 254,738 592,289 805,280 1,404,700
Selling, general and administrative 456,766 445,782 1,343,394 1,349,747
Provision for doubtful accounts 165,000 140,000 165,000 206,000
Depreciation and amortization 9,999 9,999 29,997 29,997
Total operating expenses 886,503 1,188,070 2,343,671 2,990,444
Income (loss) from operations (482,598) (201,655) (842,937) (251,993)
Other income (expense):        
Income (expense) from revaluation of equity-based financial instruments with characteristics of liabilities at fair values (as restated for 2009- note O)    29,934 (37,429) (46,836)
Loss from discontinued operations    (204,494)    (948,786)
Gain on disposition of Assets by MITRX, Inc- note Q    2,925,600    2,925,600
Interest expense (36,630) (69,490) (150,001) (210,091)
Total other income (expense) (36,630) 2,681,550 (187,430) 1,719,887
Income (loss) before provision for income taxes (519,228) 2,479,894 (1,030,367) 1,467,894
Provision for income taxes            
Net income (loss) (519,228) 2,479,894 (1,030,367) 1,467,894
Increase in cumulative dividends payable on Series A Preferred Stock (as restated for 2009- Note O) 25,655 25,655 25,655 51,310
Net income (loss) attributable to common stockholders $ (544,883) $ 2,454,239 $ (1,056,022) $ 1,416,584
Net income (loss) per common share:        
Basic and diluted $ 0.01 $ 0.03 $ (0.01) $ 0.02
Weighted average number of common shares outstanding:        
Basic and diluted 81,400,811 72,105,555 81,400,811 62,268,683