NEXCEN BRANDS, INC. - 8-K - 20061114 - INCOME_STATEMENT
Athlete’s Foot Brands, LLC
Income Statements
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2006
|
|
|
September 30, 2005
|
|
|
|
|
Unaudited
|
|
|
Unaudited
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
Franchise royalties & fees
|
|
$
|
6,762,976
|
|
|
$
|
6,519,978
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses:
|
|
|
|
|
|
|
|
|
|
Management fees
|
|
|
1,908,908
|
|
|
|
1,796,501
|
|
|
Bad debt expense
|
|
|
186,113
|
|
|
|
177,500
|
|
|
Other expenses
|
|
|
608,626
|
|
|
|
500,025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,703,648
|
|
|
|
2,474,026
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization
|
|
|
1,120,270
|
|
|
|
1,120,244
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations
|
|
$
|
2,939,058
|
|
|
$
|
2,925,708
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expense (income):
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
(167,283
|
)
|
|
|
(52,305
|
)
|
|
Other expenses
|
|
|
|
|
|
|
(691
|
)
|
|
Interest expense
|
|
|
2,097,210
|
|
|
|
5,433,013
|
|
|
Foreign taxes
|
|
|
131,252
|
|
|
|
103,902
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
877,879
|
|
|
$
|
(2,558,212
|
)
|
|
|
|
|
|
|
|
|
|
|
Next Section
Previous Section