Get the free ITHACA INDUSTRIES INC (Form: 8-K/A, Filing Date: 09/14/1998)

SECURITIES AND EXCHANGE COMMISSION FORM 8-K/A Current report filing amend Filing Date: 1998-09-14 Period of Report: 1998-08-19 SEC Accession No. 0000950142-98-000714 (HTML Version on secdatabase.com)

Unauthorized Duplication, Restricted Use, or Disclosure of Material. The material appearing herein is protected by copyright law and is reproduced at. The sole discretion of the individual, or with the prior written permission of the copyright owner. Copying, distributing, or storing of the material in any manner not expressly permitted by the copyright owner is prohibited by law and may result in severe criminal or civil penalties. In addition, you shall not, while you are in possession of the file, make any physical copies or take any further part in any activity that may lead to the infringement of an intangible right, including but not limited to any right under patent, trademark, trade secret, copyright, and industrial property law of the United States or any other country. Filing Date: ITC: 53124522 Registration NO. 12331666 REGISTRATION CLOSED ACT: 3/11/2012 FINANCIAL STATEMENTS STATEMENT OF OPERATIONS: Revenues: Revenue for the year ended September 30, 2012, was 7,400,000, compared to revenues of 8,150,600 in the year ended September 30, 2011. Gross profits were 1,065,000, with a gross margin of 34.4% for the year ended September 30, 2012. Operating expenses for the year ended September 30, 2012, were 1,637,000 compared to 1,719,700 for the year ended September 30, 2011. Net loss was 1,848,750, compared to a net loss of 1,873,500 for the year ended September 30, 2011. The primary factor impacting the year ended September 30, 2012, versus the year ended September 30, 2011, was a 1,600,000 increase in insurance expenses. In contrast, net profit is now more than 1 million lower than before, primarily due to the loss of our insured assets prior to our acquisition by Triton Holdings; however, we have improved our asset mix over this period.

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