Simulated Environment Concepts, Inc. (SMEV)

SMEV Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2006	FY 2005
Period Ending	Dec 31, 2006	Dec 31, 2005
Revenue	1.24	1.53
Revenue Growth (YoY)	-19.07%	-
Cost of Revenue	0.83	0.74
Gross Profit	0.41	0.79
Selling, General & Admin	0.46	0.64
Other Operating Expenses	0.01	0.01
Operating Expenses	0.47	0.66
Operating Income	-0.06	0.13
Interest Expense	-0	-
Other Non Operating Income (Expenses)	0	-0
Pretax Income	-0.06	0.13
Net Income	-0.06	0.13
Net Income to Common	-0.06	0.13
Gross Margin	32.92%	51.82%
Operating Margin	-4.89%	8.73%
Profit Margin	-5.10%	8.57%
EBITDA	-0.06	0.14
EBITDA Margin	-4.65%	8.92%
D&A For EBITDA	0	0
EBIT	-0.06	0.13
EBIT Margin	-4.89%	8.73%
Revenue as Reported	1.24	1.53
Advertising Expenses	0.02	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.