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Income Statement
UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
source: myfinsight.com
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GFCISAnd Ventilation
Fans
$221,854
Products Acquired From
Eyston Company Ltd.
$3,602,393
Gain on sale of assets
$2,820,668
Interest income
(expense)
$3,828
Net sales
$3,824,247
(-16.84%↓ Y/Y)
Net income (loss)
before taxes
$2,293,321
(618.61%↑ Y/Y)
Operating loss
-$531,175
(-33.69%↓ Y/Y)
Gross profit
$694,135
(-36.18%↓ Y/Y)
Cost of goods sold
$3,130,112
(-10.84%↓ Y/Y)
Net income (loss)
$1,810,321
(509.38%↑ Y/Y)
Provision for income taxes
current
$122,000
Provision for income taxes
deferred
$361,000
Selling, general and
administrative expense
$1,113,303
(-20.33%↓ Y/Y)
Engineering and product
development expense
$112,007
(27.86%↑ Y/Y)
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