Burst.com, Inc. Q1 2004
P&L Statement (Long)
Jan - Mar 04
Ordinary Income/Expense
Expense
R & D
Professional Svs. - R&D 1,200.00
Total R & D 1,200.00
G & A
Salary & Wage Expense
Payroll Service 631.08
Salary - Admin 40,550.00
Salary - Operations 12,500.01
Payroll Taxes
Payroll Tax - Admin 3,569.42
Payroll Tax Operations 1,026.52
Total Payroll Taxes 4,595.94
Temp Help - Office 4,090.00
Total Salary & Wage Expense 62,367.03
Legal Expense
Legal Corporate 6,038.06
Total Legal Expense 6,038.06
Patent Expense
Pat. Main. Domestic 1,728.21
Pat. Main. International 1,973.00
Pat. - Legal International 341.28
Total Patent Expense 4,042.49
Auto Leases 1,486.89
Bank Charges & Penalties 135.00
Dues & Subscriptions 179.40
Fees & Licensese Exp 228.36
Insurance Key Man 1,547.00
Meals 266.33
Misc. Expense 211.05
Office Supplies 313.13
Penalities 660.88
Postage 359.56
Stock Admin Fees 1,433.70
Rent - Office 2,925.00
Storage - Admin 543.00
Taxes Other 60.00
Telephone Expense
Phone - Admin 915.20
Phone - Office 741.94
Phone - Operations 383.33
Phone Internet ISP 480.36
Total Telephone Expense 2,520.83
Travel
Travel - Admin 1,882.09
Travel - Operations 893.60
Total Travel 2,775.69
Total G & A 88,093.40
Negotiated Vendor Reductions -48,632.79
Depreciation 5,270.82
Total Expense 45,931.43
Net Ordinary Income -45,931.43
Other Income/Expense
Other Income
Interest Income 447.88
Total Other Income 447.88
Other Expense
Interest Expense
Interest Exp Disc. Notes 15,342.00
Interest Exp - Notes 60,233.96
Interest Exp Misc 23.87
Total Interest Expense 75,599.83
Other Income (Expense)
Income Tax Expense - State 250.00
Total Other Income (Expense) 250.00
Total Other Expense 75,849.83
Net Other Income -75,401.95
Net Income -121,333.38