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The following is an excerpt from a 10-Q SEC Filing, filed by WADE COOK FINANCIAL CORP on 11/15/2001.
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WADE COOK FINANCIAL CORP - 10-Q - 20011115 - INCOME_STATEMENT

Wade Cook Financial Corporation and Subsidiaries Condensed Consolidated Statements of Income


(Unaudited)

                                             For the Three Months Ended               For the Nine Month Ended
                                         ----------------------------------       ---------------------------------
(in thousands, except per share data)     September 30,       September 30,         September 30,      September 30,
                                              2001                2000                 2001                 2000
                                         --------------------------------------------------------------------------
 Revenue, net of returns and discounts     $  6,669             $12,253                $29,341            $47,174
                                         -----------        --------------          ------------        ------------
 Costs and expenses:
   Cost of revenue                            1,534               5,448                  9,063             16,654
   Selling, general and administrative        5,349               7,029                 21,079             31,291
                                         -----------        --------------          ------------        ------------
 Total operating costs                        6,883              12,477                 30,142             47,945
                                         -----------        --------------          ------------        ------------
 Income from operations                        (214)               (224)                  (801)              (771)
                                         -----------        --------------          ------------        ------------
 Other income (expense):
   Interest and dividend income                 181                 102                    301                224
   Gain (loss) on Marketable                   (416)               (128)                (1,276)            (1,566)
 securities
   Interest Expense                            (209)               (106)                  (445)              (333)
   Gain (loss) on Non-Marketable                  0                  15                   (190)                69
 Securities
   Other                                        262                 524                  1,442              1,311
                                         -----------        --------------          ------------        ------------
 Total other income (expenses)                 (182)                407                   (168)              (295)
                                         -----------        --------------          ------------        ------------
 Income(loss) before income taxes              (396)                183                   (969)            (1,066)
                                         -----------        --------------          ------------        ------------
 Provision for income taxes (tax                108                  63                    334               (332)
 benefits)

 Minority Interest                               (3)                 (3)                   (10)                (3)
                                         -----------        --------------          ------------        ------------
 Net income                                $   (291)            $   123                $  (645)           $  (731)
                                         ===========        ==============          =============       ============
 Earnings per share
   Income from continuing operations       $( 0.005)             $ 0.002               $(0.010)           $(0.011)
   Income from discontinuing                      -                    -                     -                  -
 operations
   Income during phase-out period            (0.005)               0.002                (0.010)            (0.011)
                                         -----------        --------------          ------------        ------------
Weighted average number of shares            63,609               64,064                63,756             64,064

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