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Note 1 - Organization and Summary of Significant Accounting Policies: Results of Operations From Linkwell Tech's (disinfectant Business) (Policies)
3 Months Ended
Sep. 30, 2012
Results of Operations From Linkwell Tech's (disinfectant Business):  
Results of Operations From Linkwell Tech's (disinfectant Business)

RESULTS OF OPERATIONS FROM LINKWELL TECH’s (DISINFECTANT BUSINESS)

 

In accordance with ASC 805-40 “Reverse Acquisition," our consolidated statement of operations reflected only the results of operations from Metamining Nevada for all reporting periods prior to the acquisition date (March 30, 2012). The statement of results of operations from our disinfectant business below presents Linkwell Tech’s disinfectant business for the three and nine months ended September 30, 2012 on a comparative basis with the same periods in 2011. Please refer to our MD&A for discussion of variances and analysis on these operations.

 

 

 

For three months ended

 

 

For nine months ended

 

 

 

September 30, 2012

 

 

September 30, 2011

 

 

September 30, 2012

 

 

September 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

   $   2,334,187 

 

 

   $   1,998,740 

 

 

  $     4,876,492 

 

 

  $     5,452,839 

 

Revenues - related parties

 

        3,078,402 

 

 

        2,290,577 

 

 

         8,409,874 

 

 

         5,857,573 

 

     Total revenues

 

        5,412,589 

 

 

        4,289,317 

 

 

       13,286,366 

 

 

       11,310,412 

 

Cost of revenues

 

        2,777,161 

 

 

        2,324,049 

 

 

         7,109,022 

 

 

         6,105,273 

 

     Gross profit

 

        2,635,428 

 

 

        1,965,268 

 

 

         6,177,344 

 

 

         5,205,139 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

   Selling expenses

 

            438,116 

 

 

            325,774 

 

 

         1,044,132 

 

 

            846,833 

 

   General and administrative expenses

 

            649,703 

 

 

            602,092 

 

 

         2,594,776 

 

 

         2,462,773 

 

       Total operating expenses

 

        1,087,819 

 

 

            927,866 

 

 

         3,638,908 

 

 

         3,309,606 

 

     Income from operations

 

        1,547,609 

 

 

        1,037,402 

 

 

         2,538,436 

 

 

         1,895,533 

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

   Other income

 

                1,245 

 

 

              58,410 

 

 

               75,755 

 

 

               38,629 

 

   Interest expense

 

            (32,736)

 

 

            (26,537)

 

 

             (83,725)

 

 

             (60,444)

 

       Total other (expenses) income

 

            (31,491)

 

 

              31,873 

 

 

               (7,970)

 

 

             (21,815)

 

  Net income before income taxes

 

        1,516,118 

 

 

        1,069,275 

 

 

         2,530,466 

 

 

         1,873,718 

 

   Income tax expense

 

          (281,839)

 

 

          (142,132)

 

 

           (548,498)

 

 

           (377,247)

 

    Net income

 

        1,234,279 

 

 

            927,143 

 

 

         1,981,968 

 

 

         1,496,471 

 

Net income to non-controlling interests

 

          (128,847)

 

 

            (93,693)

 

 

           (238,482)

 

 

           (212,551)

 

      Net income to common stockholders

 

   $   1,105,432 

 

 

   $       833,450 

 

 

  $     1,743,486 

 

 

  $     1,283,920