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Income Statement
Nano Magic Inc. (NMGX)
source: myfinsight.com
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Gain from sale of
subsidiary
$56,067
Interest and other income
(expense)
$845
Net loss
-$1,409,093
Nonoperating income
(expense)
$42,546
Net revenues
$640,271
Income (loss) from
investment in subsidiary
-$2,155
Interest and debt expense
$12,211
Operating income (loss)
-$1,451,639
Gross profit
$24,151
Cost of sales
$616,120
Operating expenses
$1,475,790
General and
administrative expenses
$206,497
Professional fees (includes
noncash compensation of...
$531,075
Research and development
$23,649
Salaries, wages and
related benefits...
$630,623
Selling and marketing
expenses
$83,946
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