|
CE SOFTWARE, INC. |
||
|
2004 |
2003 |
|
| Net revenues |
$ 454,008 |
$ 1,248,970 |
| Cost of revenues |
42,198 |
164,668 |
| Gross profit |
411,810 |
1,084,302 |
| Sales and marketing (note 1) |
119,166 |
342,171 |
| General and administrative (note 1) |
397,452 |
552,435 |
| Research and development (note 1) |
158,825 |
509,089 |
| Operating expense |
675,443 |
1,403,695 |
| Operating loss |
(263,633) |
(319,393) |
| Other income (expense): | ||
| Miscellaneous income |
11,180 |
11,476 |
| Gain on sale of property, products and equipment (note 2) |
187,041 |
131,799 |
| Gain on sale of investments |
603 |
- |
| Interest income |
2,084 |
94 |
| Interest expense |
(194) |
(63,691) |
| Total other income |
200,714 |
79,678 |
|
_________ |
________ |
|
| Loss before income taxes |
$ (62,919) |
$ (239,715) |
| Income taxes (note 3) |
224 |
- |
| Net loss |
$ (63,143) |
$ (239,715) |
| Basic net loss per share |
$ (4.33) |
(16.52) |
| Shares used in per share calculation - basic |
14,572 |
14,511 |
| Diluted net loss per share |
(4.33) |
(16.52) |
| Shares used in per share calculation - diluted |
14,572 |
14,511 |
| (Per share data restated for reverse 1 for 100 stock split effective February 28, 2003.) | ||
| Note 1: Expenses include separation pay expense recorded as of April 1, 2004. | ||
| Note 2: Sale of real property in September 2003, QuickMail software product in December 2003, and remaining software products and equipment in April 2004. | ||
| Note 3: The income tax expense was a franchise tax not based on taxable income. | ||
Press Release Balance Sheets Statements of Operations Statements of Stockholders' Equity Statement of Cash Flow