ADFS - American Defense Systems, Inc.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201112/31/201012/31/200912/31/2008
Total Revenue8,702.46831,433.77345,893.97935,588.849
Cost of Revenue5,329.321,407.5533,929.32724,702.714
Gross Profit3,373.16810,026.22311,964.65210,886.135
Operating Expenses
Research Development197.743744.645739.632788.1
Selling General and Administrative5,577.0411,662.77817,264.39114,704.388
Non Recurring----
Others----
Total Operating Expenses11,721.84635,118.98853,018.68141,037.734
Operating Income or Loss-3,019.378-3,685.215-7,124.702-5,448.885
Income from Continuing Operations
Total Other Income/Expenses Net9,846.339-4,480.248-7,837.1432,093.518
Earnings Before Interest and Taxes-3,019.378-3,685.215-7,124.702-5,448.885
Interest Expense-236.373-3,396.1-4,669.079-2,303.286
Income Before Tax6,826.961-8,165.463-14,961.845-3,355.367
Income Tax Expense--752.971-996
Minority Interest----
Net Income From Continuing Ops6,826.961-8,165.463-15,714.816-2,359.367
Non-recurring Events
Discontinued Operations2,539.648-1,216.896-575-2,146.737
Extraordinary Items----
Effect Of Accounting Changes----
Other Items----
Net Income
Net Income9,366.609-9,382.359-16,289.816-4,506.104
Preferred Stock And Other Adjustments----
Net Income Applicable To Common Shares9,366.609-9,382.359-16,289.816-4,506.104