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The following is an excerpt from a 8-K SEC Filing, filed by AETHER HOLDINGS INC on 11/14/2006. |
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NEXCEN BRANDS, INC. - 8-K - 20061114 - INCOME_STATEMENT
Athlete’s Foot Brands, LLC
Income Statements
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September 30, 2006
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September 30, 2005
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Unaudited
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Unaudited
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Revenues:
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Franchise royalties & fees
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$
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6,762,976
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$
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6,519,978
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Costs and expenses:
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Management fees
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1,908,908
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1,796,501
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Bad debt expense
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186,113
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177,500
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Other expenses
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608,626
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500,025
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2,703,648
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2,474,026
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Amortization
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1,120,270
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1,120,244
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Income from operations
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$
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2,939,058
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$
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2,925,708
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Other expense (income):
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Interest income
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(167,283
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(52,305
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Other expenses
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(691
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Interest expense
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2,097,210
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5,433,013
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Foreign taxes
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131,252
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103,902
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Net income (loss)
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$
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877,879
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$
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(2,558,212
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