Worldgate Communications, Inc. (WGAT) Income Statement

Revenues (includes $5,005 and $0, respectively, with related parties for the three months ended June 30, 2011 and 2010 and $10,400 and $0 , respectively, with related parties for the six months ended June 30, 2011).	151K
Revenue discount with related party	-98K
Net revenues	249K
Cost of revenues	142K
Gross profit	107K
Engineering and development	8K
Operations	27K
Sales and marketing	0
General and administrative	347K
Depreciation and amortization	90K
Total expenses from operations	472K
Income (Loss) from operations	-365K
Interest and other income	75K
Bad debt expense	-33K
Amortization of debt issuance costs	-376K
Interest and other expense , related party	-91K
Total other income (expense)	-425K
Net Income (loss) from continuing operations	-790K
Net income from discontinued operations	0
Net Income (loss)	-790K
Continuing operations (in dollars per share)	0
Discontinuing operations (in dollars per share)	0
Total (in dollars per share)	0
Basic and Diluted (in shares)	367.33M

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