|
Selected Financial Data
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| |
| Three months ended June 30 |
| 2008 |
2007 |
| (unaudited) |
(unaudited) |
|
|
| Years ended March 31 |
| 2008 |
2007 |
| |
|
|
| Net sales |
$11370657 |
$9515333 |
$42321111 |
$30609941 |
| Cost of sales |
3258669 |
2650972 |
12310092 |
8910633 |
| Gross profit |
50433099 |
6864361 |
30011019 |
21699308 |
| Operating expenses: |
|
|
|
|
| Selling expenses |
-2369859 |
-1316344 |
-6869109 |
-4502687 |
| General and administrative expenses |
-1426797 |
-809564 |
-4826473 |
-2265220 |
| Total operating expenses |
3796656 |
2125908 |
11695582 |
6767907 |
| Income from operations |
46636443 |
4738453 |
18315437 |
14931401 |
| Other income and expenses: |
|
|
|
|
| Changes in the fair value of embedded derivatives |
-1239000 |
|
|
|
| Other income |
1538889 |
71660 |
4163438 |
223401 |
| Other expenses |
|
-6924 |
|
-62948 |
| Total other income (expenses) |
299889 |
64736 |
4163438 |
160453 |
| Income before taxes |
46936332 |
4803189 |
22478875 |
15091854 |
| Provision for income taxes |
-1378471 |
-1262956 |
-4936631 |
-4186868 |
| Net income |
45557861 |
3540233 |
17542244 |
10904986 |
| Earnings per share: Basic |
$2.67 |
$0.21 |
$1.04 |
$0.64 |
| Diluted |
$0.23 |
$0.21 |
$0.80 |
$0.64 |
| Weighted average shares outstanding: |
|
|
|
|
| Basic |
17080000 |
17080000 |
17080000 |
17080000 |
| Diluted |
19163333 |
17080000 |
17719269 |
17080000 |
Selected Balance Sheet Data
|
June 30, 2008
|
|
March 31, 2007
|
|
Cash and cash equivalents |
$ 66.204,703 |
$ 64,310,448 |
|
|
Total current assets |
|
|
$ 41,897,227 |
|
Total assets |
|
|
|
|
Total current liabilities |
$ 28,621,151 |
$ 26,896,318 |
$ 20,669,837 |
|
Total liabilities |
$ 53,095,357 |
$ 49,396,259 |
$ 20,669,837 |
|
Total Stockholders’ Equity |
$ 48,457,916 |
$ 44,395,267 |
$ 23,910,007
| |
|
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