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Income Statement
FORMATION MINERALS, INC. (FOMI)
source: myfinsight.com
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Net loss to commonshareholders-$1,333,633 Net loss-$1,016,569 Series c preferredstock dividends$317,064 Total other income(expenses)-$21,058 Net operating loss-$995,511 Mineral property androyalty revenues$87,281 Amortization of debt discount$13,100 Interest expense$7,958 Total operatingexpenses$1,082,792 Depletion expense$35,065 General andadministrative$341,869 Consulting fees$24,375 Professional fees$375,483 Stock compensation$306,000