Tel-instrument Electronics Corp (TIK) Income Statement

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Net sales	5.08M
Cost of sales	3.25M
Gross margin	1.83M
Selling, general and administrative	875.14K
Engineering, research and development	583.77K
Total operating expenses	1.46M
Income (loss) from operations	366.68K
Amortization of debt discount	0
Amortization of debt expense
Change in fair value of common stock warrants	34K
Gain on sale of capital asset
Proceeds from life insurance policy
Interest income
Interest expense	-17.51K
Income (loss) before income taxes	381.82K
Income tax provision (benefit)	109.76K
Net Income (loss)	272.06K
Basic income (loss) per common share (in Dollars per share)	0.08
Diluted income (loss) per common share (in Dollars per share)	0.07
Basic (in Shares)	3.26M
Diluted (in Shares)	3.27M

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