Maybe we can't read reports very well. The income for the last quarter we read as being $142,000 and the cost of operations for the quarter was $1,586,000 (down a million from the previous quarter), meaning the company lost $1,344,000 for the quarter. The annual income neccesary to break even would seem to us to be around $6,500,00. Income above that is profit and from that the value of the business is determined. Are we being too simplistic in our thinking?
